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Kiplinger
Kiplinger
Business
Dan Burrows

Analysts Call Uber a "Strong Buy" as It Makes Its S&P 500 Debut

Uber SP Dow Jones Indices
UBER stock.

In what appears to be a case of "buy the rumor, sell the news," Uber Technologies (UBER) stock languished in its Monday debut as a component of the S&P 500 even as the market enjoyed broad-based gains.

Fair enough. UBER stock is up about 7% since S&P Dow Jones Indices said on December 1 the ridesharing company would replace Alaska Air Group (ALK) in the most commonly used benchmark for U.S. equity performance. That beat the broader market by four percentage points. 

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