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Uber

UBER could be the rally of 2020After a bad IPO and falling stock price, we might finally be seeing a bottom at the end of the year. Overall, UBER had a very disappointing year, not to mention license problems in London and cases of sexual assaults. As 2020 starts big investors will be looking to invest in cheaper stocks and hold for the year. After a big sell this year, UBER looks attractive as a cheap investment. Of course there is a chance that the stock could become even cheaper before investors jump in, but there are always stocks in the beginning of the year that start rallying. Current price target of big banks and hedge funds ranges between $26 and $64, giving the median of $44. So stock expected to jump almost 50% from its current price. Average revenue expected to grow from $14.16 billion in 2019 to $18.51 billion in 2020. EPS still expected on the negative side but significantly less. Current estimate is -2.34 for 2020. This year the estimate is -6.59. On the technical side, currently trying to break through the trend line and 200SMA. A break to the upside can be traded but small risk as we are still not forming new highs, which means sellers are stronger for now. The break of level $30 is a better confirmation for a long trade. We have evidence for a long position if we get confirmation. Of course, a lot depends on the fundamentals but technicals show promise. Good Luck!
NYSE:UBER
by Antonio_trader
Don't Laugh! This Ain't Reality T.V.! - UBER So far nothing has gone right for UBER since their IPO launch date. Stock is still trading at - 40% from it's all time high on July 1rst at $47 per share. UBER has been in our downtrend channel since July and still hasn't shown any sign of breaking out of it. We're also still negative on the MACD. We took a quick in and out scalp from $28-$30 at the end of November as we hit the top of our trendline again for a nice 15% gain and then sold off. While Uber announced their Q3 2019 earnings after market close on 11/4 with smaller losses and higher revenue than expected, investors still sold off after the IPO Lockup Expiration period on 11/6. Still short at the moment. Not looking for any long positions until we break out of the downtrend channel with some volume. Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.
NShort
by MannyLo
1
UBER - For a LaughSomeone asked me to chart UBER. So with these two lines we can see what a dumpster-fire this thing really is. There may be an entry point sometime January 2020. This chart makes me laugh. I will try to update around January. Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY. Short SPY, AAPL
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by MoneyPatterns
2
UBER Potential Bull FlagTICKER: UBER Looking like a daily bull flag incoming this week of 12/2. Bulls need to prove it by breaking 30.13. Hourly trend has changed to the bulls, but we're still in a weekly downtrend. Has the bottom been found for the year? Confirm this bull flag and I will be confident in saying YES. I plan on making a quick flip on the break of resistance. As far as my other account goes, I will look to enter a HL on the weekly if this bull flag confirms and we get a pull back in the future.
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by DerekTradeEZ
Has UBER finally started to grow ?Hello, Traders! Monfex is at your service and today we overview UBER. Uber said that they will achieve profitability of EBITDA in 2021. After this we see fallin of its shares -9.8%. But it looks like speculative statement because of great demand near $26 . Bearish divergence by RSI has already played out. Now Uber has a triple bullish divergence, and the price is near the support line of this falling wedge. It's going to the resistance zone. Target ~ $31.5 Market Cap $46.074B Share your thoughts, ideas about the market under the chart. Watch for our Updates to be the first who gets well-timed signals ! GOOD LUCK AND LOTS OF PROFITS !! Disclaimer This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
NLong
by Monfex
1
UBER earnings/lockup tradePosition entry UBER Nov15 31.5/30 vertical put before earnings (Nov4) and lockup expiration (Nov6). UBER has now found buying support around the $27 range as it has moved around half a percent throughout the trading day following the lockup. The support may signal an end to the selling pressure of the lockup expiration with the increased float (80%) of shares on the market. For such reason, I closed my position. As the selling pressure has decreased, UBER may rise in the next few weeks as retail and institutional traders enter long positions at these lower prices near the support.
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by Zacmando
UBER - Don't buy the dip, yet...Analyst earnings review UBER had third-quarter earning results above the top- and bottom-line S&P Capital IQ consensus expectations. However, we still expect losses in Uber Eats, along with more aggressive investments in ATG, to delay Uber’s first full-year adjusted EBITDA until 2022. Analyst target: $58 Uber's IPO lock-up period over!! Tomorrow November 6th, 2019 . Investors who got in at the IPO, can now start selling their shares. We could see a potential drop, as it has happened with other IPO's so far.
NShort
by dorfmanmaster
THE WEEK AHEAD: UBER, BIDU, ROKU EARNINGS; USO, XOP, /CL, VIXHIGH RANK/IMPLIED EARNINGS: UBER (--/74):* Monday, After Market Close. BIDU (59/42): Wednesday, After Market Close. ROKU (72/85): Wednesday, After Market Close. The Plain Jane ROKU December 20th 120/190 short strangle camped out at the 20 delta pays 8.55, but there is some call side skew there that you may want to accommodate in some fashion, for example, via ratio (the December 20th 2 x 105/185, 8.79 credit, -1.64/26.15 delta theta) or by going half as wide on the call side as on the put with a defined risk iron condor (e.g., the December 20th 110/120/185/190 pays 2.09). The BIDU December 20th 90/120 short strangle pays 2.33 and the UBER December 20th 25/39 pays 1.45. Naturally, you'll probably want to adjust strikes a smidge running into earnings, depending on how much these move between now and their respective announcements. EXCHANGE-TRADED FUNDS: SLV (51/24) GDXJ (40/31) GLD (40/12) GDX (38/27) TLT (34/11) USO (29/35) XOP (24/34) First Expiries In Which At-the-Money Short Straddle Pays >10% of Stock Price: SLV: April (165 Days), 2.10 versus 16.92 spot (12.4%) GDXJ: January (75 Days), 4.75 versus 39.40 spot (12.1%) GLD: January '21 (439 Days), 17.48 versus 142.56 (12.3%) GDX: January (75 Days), 2.91 versus 28.01 (10.4%) TLT: January '21 (439 Days), 15.43 versus 140.56 (11.0%) USO: January (75 Days), 1.38 versus 11.69 (11.8%) XOP: December (47 Days), 2.25 versus 21.85 (10.3%) I'm naturally not going to go out 439 days in either TLT or GLD to sell premium, but set them out there to show where the best "buck bang" is. If anywhere, it's shorter duration in GDXJ, GDX, USO, or XOP. BROAD MARKET: As with last week, <45 Day duration broad market (SPY, QQQ, IWM) isn't paying here. The shortest duration in which the at the money short straddle pays greater than 10% of where the underlying is trading is out in June (228 Days) in either IWM or QQQ. I reluctantly put on some QQQ last week (see Post Below), with the intent to manage these longer-dated setups far more aggressively than I would a shorter-dated one, taking profit at 25% max as opposed to waiting for a full 50 or more. Pictured here is an IWM June 19th 135/2 x 185 ratio'd short strangle with the short put around the 16 delta, the short calls doubled up at the 8's to accommodate skew. It pays 3.77 with break evens at 131.23/186.89 and delta/theta of 2.55/.73. FUTURES: The premium selling picture is basically the same as last week and mirrors that in the exchange-traded funds, with /CL paying in shorter duration, but not much else. VIX/VIX DERIVATIVES: There are viable term structure trades in VIX in the December, January, and February expiries where the correspondent /VX contracts are trading at 16.16, 17.37, and 18.02 as of Friday close. It is otherwise one of those rare moments where it might be worthwhile to consider a bullish assumption play in VXX or UVXY with VIX approaching 2019 lows around 12 (See Post Below). * -- UBER hasn't been around for 52 weeks yet, so there is no percentile/rank for where the 30-day lies.
AMEX:IWM
by NaughtyPines