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Uber

Uber (NYSE: $UBER) Stock Jumps 8% on Strong Q2 Reports Key Takeaways: - Uber's second-quarter earnings significantly exceeded analysts' expectations, with profits more than doubling to $1.02 billion. - Gross bookings increased by 19% year-over-year, with strong performance across both Mobility and Delivery segments. - Uber's stock buyback plan, initiated during Q2, is expected to "ramp" over the next several quarters. - The company announced partnerships with BYD for electric vehicles and potential autonomous driving capabilities, as well as a new collaboration with Instacart. Uber Technologies Inc. (NYSE: UBER) has reported impressive second-quarter results, with earnings surpassing Wall Street expectations and driving an 8% surge in its stock price. The ridesharing giant’s performance highlights its robust growth trajectory and strategic initiatives to bolster its market position. Strong Q2 Financial Performance Uber's second-quarter earnings report showcased a stellar performance, with the company achieving a net income of $1.02 billion, more than double the $394 million reported in the same quarter last year. This impressive profit jump is a testament to Uber's effective cost management and strong revenue growth. The company’s revenue for the quarter climbed 16% year-over-year to $10.7 billion, beating Visible Alpha consensus estimates. Gross bookings grew by 19% to $39.95 billion, with the Mobility division contributing $20.6 billion and the Delivery segment, including Uber Eats, adding $18.1 billion. Strategic Initiatives and Partnerships Uber's strategic initiatives are also playing a crucial role in its growth story. The company recently announced a partnership with Chinese electric vehicle maker BYD to introduce approximately 100,000 electric vehicles (EVs) to Uber's global fleet. This collaboration not only supports Uber's sustainability goals but also positions the company to leverage autonomous vehicle technology in the future. In addition to the BYD partnership, Uber has initiated its first stock buyback plan, purchasing around $325 million of its own stock during the second quarter. JPMorgan analysts have expressed optimism about this move, predicting that the buyback program will "ramp" over the next several quarters, potentially boosting shareholder value. Market Response and Future Outlook Following the earnings announcement, Uber shares (NYSE: UBER) jumped 8%, reaching $60.94 shortly after the market opened on Tuesday. Despite this positive movement, Uber shares were down 5% for the year as of Monday’s close. However, the recent rally has positioned the stock to end the year on a more positive note. As of the time of writing, UBER shares (NYSE: NYSE:UBER ) have gained 7.22% from the -3.22% low observed prior to today's market opening. The Relative Strength Index (RSI) of 42 suggests the potential for further growth. Analysis of the daily price chart reveals that NYSE:UBER stock is exhibiting perpendicular trading in relation to its respective moving averages (MA), indicating a state of balanced momentum between buyers and sellers. CEO Dara Khosrowshahi emphasized the company's growth prospects, particularly in its core Mobility business and the increasing frequency of food and trip orders through its membership subscribers. For the third quarter, Uber projects gross bookings to be between $40.25 billion and $41.75 billion, with adjusted earnings anticipated to range from $1.58 billion to $1.68 billion. Expanding Consumer Base and Technology Integration Uber's consumer base continues to expand, with "monthly active platform consumers" (MAPCs) reaching 156 million in the second quarter, up from 137 million a year earlier. The company facilitated 2.77 billion trips during the quarter, a significant increase from 2.28 billion trips in the same period last year. In addition to its partnership with BYD, Uber is also collaborating with Instacart to integrate a "restaurants" tab into the grocery delivery app. This feature allows users to order from restaurants and have deliveries fulfilled by Uber Eats, further enhancing Uber’s delivery service capabilities. Looking Ahead Uber's second-quarter performance underscores the company's resilience and strategic agility in navigating market challenges and leveraging growth opportunities. With a focus on expanding its EV fleet, enhancing autonomous vehicle capabilities, and increasing shareholder value through stock buybacks, Uber is well-positioned for continued growth.
NYSE:UBERLong
by DEXWireNews
Uber: Turning PointUber has retreated deeper into our magenta Target Zone (coordinates: $68.19 - $52.89). Primarily, the same-colored wave (iv) correction should be in its final stretch. In order to convince us of a low, the price needs to develop a clear impulse to the upside. The entire range can be used to open long positions. As a hedge, a stop could be placed around 1% below our Zone. Following the correction, we primarily assume that the magenta-colored five-wave move should be completed above the resistance at $81.87 which should also mark the end of the turquoise-colored wave 3.
NYSE:UBERLong
by MarketIntel
2
UBER 80 Afrer earnings ? NYSE:UBER Uber Technologies Inc. Stock Surges to $75-$80 Range Following Strong Earnings Report Uber Technologies Inc. (NYSE: UBER) has seen a significant boost in its stock price, reaching the $75-$80 range after the release of its latest earnings report. The ride-sharing giant reported impressive financial results for Q2 2024, with total revenue hitting $10.13 billion. This marks a notable year-over-year growth of 15%, showcasing Uber’s ability to expand its market presence and drive revenue despite challenging economic conditions. The company’s strong performance was driven by increased demand for its ride-sharing and delivery services, as well as strategic investments in new technologies and markets. Uber’s net loss widened to $654 million, but the market responded positively to the revenue growth and future potential1. This optimism among investors has propelled the stock to new heights, reinforcing confidence in Uber’s long-term growth strategy. As Uber continues to innovate and expand its service offerings, the future looks bright for this industry leader. Investors and market watchers will be closely monitoring how Uber leverages its current momentum to drive further growth and shareholder value. CAFE CITY STUDIO & NY RUNS GLOBAL INC. NYC
NYSE:UBERLong
by NYRUNSGLOBAL
TSLA does the upcoming RoboTaxi announce change things LONGTSLA has the accouncement upcoming. Price will pump for sure. Will it then dump or change the trend altogether? The forecasts are there. The tea leaves and crystal balls will tell the rest of the story. In the meanwhile, I will take long trades to play this in the immediate term. One million taxis making $250 / per day every day per each is serious potential future growth perhaps at the expense of UBER and LYFT which may get a bearish bias in the short term on this upcoming announcement. Playing the news sometimes works.
NASDAQ:TSLALong
by AwesomeAvani
5
TSLA : its now or never!TSLA is coiling to make a large directional move. The Question is...up or down? With August appraoching quickly, this could be a key pivotal shift in TSLA business model Once they announce their ROBO - TAXI, this could be a huge winning success for the company and stock . A ROBO - TAXI could be a mega disruption for many sectors and companies. I think theres a strong chance that investors are going to start bidding up this name ahead of that 1st week of August in anticipation of the massive launch. Keep in mind with every new launch comes hiccups and capital expenditures so its not always smooth sailing. Lets face it though...no other company has attempted this yet and if anyone can have success it would be Elon. I also think now that Elons pay package has been approved, he really is incentivized to grow this business. Will his Optimus Robot be the new taxi, uber or Lyft drivers?
NASDAQ:TSLA
by Trading-Capital
12
BLXM about to jump 1100%Bloxmove has been consolidating after it's 0.3 USD peak and 0.87 USD liquidity spikes, and hit half of the all time low on the 14th of June of 6.2 cents. The company is moving into Ibiza to bring the service there which is extremely bullish for the future audience, with 4 million yearly tourists from all over the world, the brand/token will gather a lot of much needed attention. BLXM is about to change the world of mobility by decentralizing the mobility platforms, so drivers can offer rides cheaper than Uber or Bolt could ever do. In the near future we'll have also option to provide the funding for vehicles and real time commission payments for every ride finished. The token will get also burned till there's only 10 million BLXM left making it rarer by every ride finished. There's only one way from this point on, standing at 1 million mcap, this is a gem like no other, like getting into Amazon or Microsoft on the first year of launch. We should be seeing spike to at least 11 million in the next 2 months followed by slight consolidation. The overall future of BloxMove is really bright, with possible 200-500 million top by the end of bull run. Developer team is based and have been actively working on the project for 3 years already, Nigeria soon going live followed by Ibiza.
Long
by ilarisopa
it's time to going up for UBERbefore buying, please check for being sure about your opinion about this CRYPTOCURRENCY!!! (in every target you want, closed the position but our target is the third one) *Guy's the entry place is importance things in enter in a position and be careful do not going up your leverage over 7x ,all things it's about risk management* ************************************************* if you want to enter in this position: Enter Price: 65.68 Target1: 66.94 Target2: 68.41 Target3: 70.20 Target4(Final Target): 71.64 Stoploss: 63.71 ************************************************* Guy's if this idea was useful and it was intresting for you please follow for more please do comment and like my idea If you like my idea show me in comment section doing and living in the best quality thanks of all of you dear's ;)
NYSE:UBERLong
by MakingMoney444
Uber Posts Q1 Results That Beat Expectations for RevenueUber (NYSE: NYSE:UBER ) announced its first-quarter results on Wednesday, which surpassed analysts' revenue estimates but also reported a net loss. The company's revenue increased by 15% to $10.13 billion year over year. However, the gross bookings fell short of expectations, with the company reporting $37.65 billion, compared to the $37.93 billion expected by industry analysts. The net loss of the company widened to $654 million, compared to a loss of $157 million in the same quarter the previous year. Uber ( NYSE:UBER ) attributed this loss to a $721 million net headwind from unrealized losses related to the reevaluation of its equity investments. The company's adjusted EBITDA was $1.38 billion, up 82% year over year, which is slightly higher than the $1.31 billion anticipated by analysts. Uber's monthly active platform consumers reached 149 million in Q1, up by 15% YoY from 130 million. During the same period, there were 2.6 billion trips completed on the platform, a 21% YoY increase. The company's mobility segment reported $5.63 billion in revenue, up 30% YoY, and 2% QoQ. The delivery segment reported $3.21 billion in revenue, up 4% YoY and 3% QoQ. The freight business booked $1.28 billion, a decrease of 8% YoY and flat QoQ. In Q2, Uber expects to report gross bookings between $38.75 billion and $40.25 billion, with adjusted EBITDA of $1.45 billion to $1.53 billion. The company's CEO, Dara Khosrowshahi, said that the loss had "nothing to do with the operating business" and that the company does not expect it to keep happening going forward. Khosrowshahi added that Uber cannot predict the markets. Despite the loss, Khosrowshahi stated that the demand for Uber remains strong across their platform, supported by their improving marketplace experience, the continued shift of consumer spending from goods to services, and the secular trend towards on-demand transportation and delivery. The company is focused on increasing its penetration of core use cases while expanding into new consumer segments to drive user growth and win more of their daily trips.
NYSE:UBER
by DEXWireNews
ROBLOX 46 AFTER EARNINGS ? Q1 2024 Performance: On February 7th, 2024, Roblox Corporation reported its first-quarter 2024 financial results. The company’s earnings per share (EPS) for the quarter were -$0.52, surpassing the consensus estimate of -$0.57 by $0.05. Roblox’s revenue during the quarter was $1.13 billion, exceeding analysts’ expectations of $1.05 billion. The company’s revenue growth was impressive, showing a 25.3% increase year-over-year1. User Engagement and Growth: Roblox’s success is driven by its strong user base and developer community. The platform witnessed significant growth in average daily active users (DAUs), which surged by 79% to 42.1 million. Hours engaged on the platform reached 16 billion, reflecting a 20% year-over-year increase. Bookings grew by an impressive 161% year-over-year. Analyst Expectations: Analysts at Roth MKM maintain a buy rating on Roblox shares and have set a price target of $554. JP Morgan analyst Cory Carpenter upgraded Roblox from Neutral to Overweight, raising the price target from $41 to $48. Carpenter highlighted the company’s consistent bookings growth over the past four quarters and projected first-quarter bookings of $927 million5. Market Confidence and Future Prospects Roblox’s innovative platform, expanding user base, and strong financial performance have instilled confidence in investors. As the company continues to enhance its offerings and attract more users, its stock price may continue to rise.
NYSE:RBLXLong
by NYRUNSGLOBAL
LYFT rises on news of the MSP dispute potential resolution LONGLYFT was a recent idea upload. The news regarding MSP and the dispute resolution has helped it rise off the ascending support trendline of the rising wedge pattern. The pattern may predict decreasing volatility towards price consolidation and then a break out from the wedge. In the meanwhile, I have added to my position since price is above the support trendline. The PVT indicator shows a flip out on the pullback and I see this as a good add long entry. On a low 1minute time frame. price gapped up with an engulfing candle with corresponding volume at the opening bell today. Importantly, a high volume spike also occurred in the after-market hours. My recent previous idea long on LYFT is linked here. The call option for $ 21.00 for April 19- 8DTE popped 140% today. I picked up a decent number of calls and will close them incrementally as they profit over the next week.
NASDAQ:LYFTLong
by AwesomeAvani
1
LTFT breaks out over lower VWAP bands LONGLYFT on a 15 minute chart hit a high pivot about 3/20 and then fell until April 4 where a low pivot reversal occurred. VWAP lines and a volume profile serve to support a bullish bias. LYFT will likely rise to the Fibonacci level on the chart confluent with the mean anchored VWAP or the zone of 19.25. If there is enough momentum passing through that high volume, liquidity and volatility zone it could continue and push into the 20 level. I will take a long trade here also noting the TSLA news regarding RoboTaxi has potential relevance. It is not beyond the realm of possibilities that a partnership between TSLA and LYFT and or UBER comes on the scene. This would provide a further catalyst of fundamental support for LTST's market cap.
NASDAQ:LYFTLong
by AwesomeAvani
IS UBER ready for continuation LONGUBER fell a little after good earnings. Apparently traders where disappointed. It then rallied for three days to close out the week. The following week it retraced the rally for 2-3 days and then consolidated for a week with a re-awakening of bullish momentum in the past prior trading day. From here, I believe that UBER is ready for potential push to an ATH and gain buying pressure along that way perhaps accelerated by short sellers liquidating their positions. I will take a long trade here of both shares and call options.
NYSE:UBERLong
by AwesomeAvani