Stocks to Watch Thursday: Uber, Adobe and Texas Pacific Land -- WSJ

Dow Jones12-13

By Angus Berwick

Warner Bros. Discovery: The entertainment conglomerate said it would structure into two operating divisions, one focused on the legacy cable-TV business and the other on streaming and studios. Warner shares ended 15% higher.

Uber Technologies (Uber): Shares eked out a 0.4% gain, having sold off Wednesday after General Motors $(GM)$ said it would wind down its Cruise program. Uber had partnered recently with Cruise to bring its robotaxis onto the ride-hailing platform.

Texas Pacific Land $(TPL)$: One of the hottest stocks of the year has suffered a sharp decline since joining the S&P 500 last month. The oil-patch landowner's stock shed another 0.7% in its seventh consecutive daily loss and is down 31% from its November peak.

Dave & Buster's $(PLAY)$: Shares dropped another 13% following a sharp fall Wednesday after the arcade-restaurant operator reporting a significantly wider quarterly loss and the resignation of its chief executive. Some analysts lowered their price targets for the stock.

Adobe $(ADBE)$: Shares in the Photoshop maker sank 14% after its annual earnings and sales forecasts disappointed Wall Street.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

December 12, 2024 16:23 ET (21:23 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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Warner shares ended 15% higher. \n</p>\n<p>\n      Uber Technologies (Uber): Shares eked out a 0.4% gain, having sold off Wednesday after General Motors <a href=\"https://laohu8.com/S/GM\">$(GM)$</a> said it would wind down its Cruise program. Uber had partnered recently with Cruise to bring its robotaxis onto the ride-hailing platform. \n</p>\n<p>\n      Texas Pacific Land <a href=\"https://laohu8.com/S/TPL\">$(TPL)$</a>: One of the hottest stocks of the year has suffered a sharp decline since joining the S&amp;P 500 last month. The oil-patch landowner's stock shed another 0.7% in its seventh consecutive daily loss and is down 31% from its November peak. \n</p>\n<p>\n      Dave &amp; Buster's <a href=\"https://laohu8.com/S/PLAY\">$(PLAY)$</a>: Shares dropped another 13% following a sharp fall Wednesday after the arcade-restaurant operator reporting a significantly wider quarterly loss and the resignation of its chief executive. Some analysts lowered their price targets for the stock. \n</p>\n<p>\n      Adobe <a href=\"https://laohu8.com/S/ADBE\">$(ADBE)$</a>: Shares in the Photoshop maker sank 14% after its annual earnings and sales forecasts disappointed Wall Street. \n</p>\n<p>\n       This item is part of a Wall Street Journal live coverage event. 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Discovery: The entertainment conglomerate said it would structure into two operating divisions, one focused on the legacy cable-TV business and the other on streaming ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2023251221.USD","symbol_name":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (USD) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2491352303","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2491352303","pubTimestamp":1734038580,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Warner Bros. 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