Monday.com (MNDY) stock prices are falling after the company's revenue outlook met expectations despite beating fourth-quarter profit estimates.
Electric vehicle maker Rivian (RIVN) has been downgraded by Barclays analysts due to declining demand in the EV market.
Air taxi startup Joby Aviation (JOBY) has announced an agreement with the Dubai government to launch air ride-sharing services in Dubai by early 2026.
For more expert insights and the latest market trends, click here to watch the full episode of Yahoo Finance Live.
Editor's note: This article was written by angel smith
video transcript
Brad Smith: It's about 30 minutes into the trading day. Let's see what the current situation is. Stocks took a breather this morning. After the S&P 500 index closed above 5,000 for the first time in history, it was flat. Investors are also waiting for important inflation data. It comes on Tuesday.
Rachel Akuffo: That is correct. Also, take a look at some individual trend tickers. Shares of task management software company monday.com are falling today as its revenue outlook is roughly in line with analysts' expectations. However, it's not enough to impress investors.
The company's sales and bottom line in the fourth quarter exceeded expectations due to price increases.
Brad Smith: Rivian stock also fell after receiving a downgrade from Barclays due to declining demand in the electric vehicle market. Analysts praised Rivian's cars but warned that EV sales pressure could lead to lower prices and deeper losses for companies like Rivian that still need to raise capital.
Rachel Akuffo: And Joby shares are rising today after announcing that air taxi services could be introduced in Dubai by early 2026. The company has signed an agreement with the Dubai government giving it exclusive rights to operate air taxis in Dubai for six years.
