

Lucid Jumps, Starbucks Falls, Steve Madden Rises After Citi Upgrade
Jul 17, 2025
Lucid shares soar after announcing plans to launch 20,000 robotaxis in partnership with Uber and Nuro. Meanwhile, Starbucks experiences a dip due to a downgrade from Jeffries, citing overvaluation concerns. On a brighter note, Steve Madden's stock rises after a Citi upgrade, as fashion trends start to favor the footwear brand. The contrasting market performances of these companies highlight the ever-changing dynamics in the stock market.
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Lucid Surges on Uber Partnership
- Lucid Group stock soared initially by 62% following the Uber robotaxi partnership announcement.
- Uber plans to operate at least 20,000 Lucid electric SUVs equipped with NeuroDriver tech in the next six years.
Starbucks Downgraded Amid Sales Drop
- Jefferies downgraded Starbucks to underperform, citing stock outpacing fundamentals.
- Same-store sales declined 3% in Q3, signaling challenges despite valuation gains from China asset sale.
Steve Madden Gains Citi Upgrade
- Citi upgraded Steve Madden to buy, anticipating margin recovery and favorable fashion trends.
- Despite a 40% YTD decline, they see Q2 EPS margin bottoming and upside from acquisitions.