Stock Movers: Lucid's Robotaxi Deal, Steve Madden Upgrade, and United Airlines Rebound

Lucid's Robotaxi Ambitions

• 🚀 Lucid (LCID) shares surged by 36% following a significant partnership announcement with Uber and Nuro Inc. to launch a robotaxi fleet.
• 💡 Uber plans to purchase and operate Lucid Gravity SUVs equipped with Nuro Driver technology, aiming to deploy at least 20,000 robotaxis over six years, starting in 2026.
• ⚠️ Despite the recent rally, Lucid's market cap has fallen approximately 90% from its 2021 peak, highlighting its past struggles.

Steve Madden's Margin Improvement

• 👟 Steve Madden (SHOO) stock rose after Citi upgraded it to 'buy' from 'neutral', citing a bottoming of margins as fashion trends become more favorable.
• 📈 Citi's price target of $32 suggests a potential 30% increase, indicating optimism about the company's risk-reward profile.
• 🚢 The upgrade acknowledges the company's recent acquisition of KG and suggests that current tariff pressures may be manageable.

United Airlines' Business Travel Recovery

• ✈️ United Airlines (UAL) shares climbed as CEO Scott Kirby noted a turning point in late June with the rebound of business travel.
• 📊 The airline industry, which faced challenges earlier in the year due to economic concerns and tariffs, is seeing a recovery in bookings.
• 📉 United Airlines is down 6% year-to-date, making the recent gains a much-needed boost for the stock.