Investors looking for a stock that dropped by 5.5 percent should check out Uber Technologies (UBER). On Wednesday, UBER stock continued its downtrend since peaking at $101.99 in late September.
Amazon (AMZN) plans to expand its fresh food delivery services in 2026. This puts tremendous pressure on DoorDash (DASH) and Uber. Amazon has grown its same-day delivery of perishable goods by over 30% since August.
UBER stock trades at a premium, so wait for the selling to end before considering this company.
MercadoLibre (MELI) dropped by 5.0% yesterday to close at $1,970.73. The stock is in a downtrend that began after the stock failed to break out above $2,600. Since May, selling pressure has kept MELI stock below that level. On Dec. 4, the firm sold 2033 senior unsecured notes to raise $750 million.
The debt is a 4.9% coupon with 7 years until maturity.
Among the stocks on an uptrend, GE Vernova (GEV) is a hot firm to watch. GEV stock gained 15.62% after it posted quarterly results. The firm doubled its dividend, increased its stock buyback, and increased its earnings projections.
GEV expects revenue of $41 billion to $42 billion in 2026. Free cash flow is in the range of $4.5 billion and $5 billion.
GEV stock might offer AI investors the best upside. However, cautious investors should avoid this stock. Should AI spending on data centers slow, demand for electricity and power centers would also weaken.
