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Uber Technologies, Inc. (UBER)

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  • Q
    Quantum Flex
  • J
    Momo Inc.
  • M
    $UBER conversation
    #UBER $100
    Uber will lead above $100 after Covid-19 vaccine released!
  • M
    $LYFT conversation
    #UBER Strong Buy
    Lyft and uber both doing great so far but I see uber will do better in various aspect!
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    $UBER conversation
    08-18-2020 === Online ordering and food-delivery company Grubhub ($GRUB) reported its second-quarter 2020 results on July 30, highlighting SPECTACULAR GROSS FOOD SALES for partner restaurants, EXPLOSIVE GROWTH IN DINERS and "Daily Average Grubs," and other positive, coronavirus-driven metrics. But ITS BALLOONING REVENUES LED IN THE END TO EIGHT-FIGURE QUARTERLY NET LOSSES. If Grubhub CAN'T ACHIEVE A NET PROFIT EVEN WITH COVID-19'S TREMENDOUS DELIVERY SALES BOOST, can it turn profitable once it merges with Just Eat Takeaway ($TKAYY)?

    ON THE SURFACE, some of Grubhub's most recent quarterly results look outstanding, as people dined at home to avoid coronavirus infection. According to its Q2 2020 release, the delivery company's gross food sales metric blazed upward 59% year over year, reaching $2.3 billion and leaving Q2 2019's gross food sales of $1.5 billion in the rearview mirror. REVENUE WAS UP 41% TO $459.3 MILLION, ACTIVE DINERS ROSE 35% TO 27.5 MILLION PEOPLE.

    After totaling up the costs, however, it becomes apparent that MAKING A RECORD NUMBER OF DELIVERIES APPEARS TO BE A LOSING PROPOSITION under Grubhub's current model. Total COSTS AND EXPENSES rose 60% year over year, STRONGLY OUTPACING REVENUE GROWTH. Rather than earning net income of $0.03 on each order placed through its platform as in Q2 2019, the company lost $0.77 per order.

    Similar to Grubhub's situation, the COVID-19 pandemic added rocket fuel to Just Eat Takeaway's sales and revenue. According to its Aug. 12 press release on half-year 2020 results, the respiratory virus propelled Just Eat's ORDERS FOR THE PERIOD UPWARD BY 32% YEAR OVER YEAR, reaching 257 million orders.

    REVENUES PREDICTABLY TRACKED HIGHER IN SYNC WITH MORE ORDERS, JUMPING 44% YEAR OVER YEAR for the period ending June 30, reaching 1.03 billion euros ($1.2 billion) compared to 2019's 715 million euros ($849 million). The COST OF SALES ROSE FASTER, INCREASING 64%; GROWTH IN STAFF COSTS AND OPERATING EXPENSES, among others, led to a 156 million euros ($185 million) total comprehensive loss in 2020, compared to a 28 million euro ($33.2 million) loss during 2019's first half.

    A PERIOD OF LIGHTNING-FAST DELIVERY GROWTH LED TO A 464% INCREASE IN LOSSES FOR JUST EAT. In its notes to the tabulated revenues and expenses, JUST EAT CONFIRMS REPEATEDLY THAT ITS DELIVERY SUCCESS DROVE ITS PROFITABILITY FAR INTO NEGATIVE TERRITORY. It says its runaway COST OF SALES "was primarily driven by continued expansion of our delivery service offering" and notes the 31% JUMP IN STAFF COSTS, a separate expense category from cost of sales.

    Both companies appear to OPERATE IN A SIMILAR WAY: THE MORE DELIVERIES THEY MAKE AND THE BIGGER THEIR UP-FRONT REVENUES, THE MORE THEY END UP LOSING DURING THE QUARTER BECAUSE OF DELIVERY EXPENSES OUTSTRIPPING THOSE SAME REVENUES. A situation of explosive growth in restaurant deliveries, which seems as though it would create a paradise of profit for big delivery companies, instead DEEPENS THEIR LOSSES. The food delivery industry is also notorious for aggressive promotional activity.

    Simply tossing Just Eat Takeaway and Grubhub into the same mixing bowl via a merger seems unlikely to cook up significantly different results at this point. Both continue pursuing the SAME BUSINESS MODEL, and merely joining forces as one business entity won't change the basic recipe.

    While some ANALYSTS or commentators SPECULATE on ways the pair could boost their bottom line into positive territory... neither company has hinted at taking such measures, which remain SPECULATIVE AND UNPROVEN ANYWAY.

    [Investors] may want to avoid both based on their loss-generating strategies. ===

    Exactly the same goes for Uber Eats and its merger partner Postmates, and we'll soon find out the same about Doordash ($DOORD) - it's a race to the bottom, not to the green bottom line. The more they sell the more money they lose. Of course, the more money they lose, the higher Price Targets the "analysts" give them.

    Notice how many MONEY-LOSING COMPANIES are filing for IPO or SPAC (Special Purpose Acquision Company) and/or gobbling piles of "cheap" debt while the financial system is choking on "free" liquidity just waiting to be put to use somewhere?

  • M
    $AMZN conversation
    #NIO, #VBIV, #FUV, #UBER
    Hey guys, these are really undervalued stocks getting all eyes, also have huge potential to grow up in near future.
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    Quantum Flex
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    $AAPL conversation
    US Government directs the US Market Makers to Buy US Stocks via their infinite margin trading desks to PUMP the Stock prices ARTIFICIALLY!
    For the long term investors, now is the WORST time to invest in US Stocks because the Market is INSANELY OVERVALUED and OVERBOUGHT! US Stocks have a Huge room to fall, but there is upside potential anymore.
    Buyers must be careful! They might lose everything and see no recovery during the lifespan.
    US Stocks must be DOWN by 90% from their current ABSURD levels.
    Look at the US Stock Valuation Multiples!!! Check out P/S, P/B, P/E, P/CF, D/E and other Ratios.
    US Stock Market is a COMPLETE SCAM! You see how easily they are PUMPING the Stock prices on FAKE Speculations, but they don't let the stock prices to go down on TERRIBLE DATA and FACTS!
    Even BANKRUPT Boeing, Cruise and Airline stocks are getting PUMPED like crazy!
    It is all about PUMPING the US Stock prices and quick and Free Capital Gains!
    The coronavirus pandemic has exposed a gaping disconnect between unprecedented economic pain on Main Street and extreme optimism on Wall Street.
    The coronavirus pandemic has exposed a gaping disconnect between unprecedented economic pain on Main Street and extreme optimism on Wall Street.
  • P
    $GRUB conversation
    @Westin_Bonaventure ... <->Shurtdown the app for California and fire the 120k contract drivers.<->
    Correction - they don't need to "fire" contract drivers... shutting down apps will leave them without rides, unless they decide to take matters in their own hands and try work with "flagging" by negotiating fees on their own - I don't know if it's legal in CA, without license / medallions or other such nonsense.

    Now, since the State of CA declared these gig workers "employees" they can all apply for unemployment insurance, which is going to hit CA double hard - less income from "gig taxes" and more expenses for higher unemployment.

    See how long that stupid AB5 (?) will last intact. Stupid laws should be punished by "complying" with them to their logical conclusion.

    Now, even if AB5 is rescinded or amended in a week or two, that really doesn't say much about long-term future of $UBER or $LYFT, the model is not really workable to make them profitable any time soon, and they will lose any advantage when autonomous vehicles come into our lives - they will be an unnecessary middleman - so certainly will be either out of "mover" business or modified at much lower valuations.

    But that's an argument for another day. The contractor / "gig" jobs are the way of the future, way of today really, and CA can't do anything about it.

    There are ways states may need to protect SOME workers, this is not the industry or the way to do this - when most gig workers have not asked for it - this is just a sop to the unions, who get the money without any real contributions to workers' well-being.
  • N
    $NIO conversation
    Lots of investors selling tesla shares and buying Nio

  • D
    Uber Technologies, Inc.
    Party's over, $UBER, $LYFT BBC News - Just Eat to stop using gig economy workers
    Boss Jitse Groen says he would rather have staff who get benefits and more workplace protection.
    Boss Jitse Groen says he would rather have staff who get benefits and more workplace protection.
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    $SHAK conversation
    07-23-2020 WS sell-side analysts' game of "expectations" - lower them enough before earnings, which is done routinely... and 65% - 85% will "beat" the "consensus estimates" and then stock usually goes up regardless of sane valuations because the "expected" earnings and revenues were "priced in" (another meaningless but ubiquitous WS phrase.)

    CMG earnings has shown that margins on "digital + pick-up" orders were down by about 50% (despite complaints that the orders themselves were smaller in size than buying in-store). "Digital + delivery" added about 25% to average orders so that can't last long, especially with many now being semi-permanently laid-off / unemployed or WFH with cut in pay and additional work-related expenses - and that's with very generous unemployment benefits that are about to expire or be cut substantially while gov't keep borrowing and printing $Trillion$ of green stuff.

    === 07-22-2020 One thing Tesla does have going for it is a constellation of COMMENTATORS WILLING TO SING ITS PRAISES TO INFINITY AND BEYOND, though their convictions can appear shallow. Cathie Wood, chief executive of Ark Invest, regularly appears on CNBC to tell viewers Tesla stock will be worth $6,000 in five years. But MEANTIME, ARK REGULARLY SELLS BIG CHUNKS OF TESLA SHARES. IT SOLD NEARLY 140,000 TESLA SHARES THE FIRST TWO WEEKS OF JULY ALONE EVEN AS WOOD TOUTED THE COMPANY.


    Morgan Stanley analyst Adam Jonas puts out investor notes with titles such as "Tesla and the POWER OF HOPE." He thinks at the current price the stock is overvalued but also puts a "bull case" price on the stock over $2,000.

    "I DON'T THINK OF SELL-SIDE ANALYSTS AS INDEPENDENT," said Francine McKenna, a writer trained in finance who writes the accounting and audit online newsletter. "Jonas is always making POSITIVE CALLS BEFORE MORGAN STANLEY HELPS TESLA RAISE MONEY."

    When faced with FACTS THAT DON'T ADD UP, in a market in which the laws of economic physics no longer apply, the best you can do — as Musk has shown — is TELL A COMPELLING STORY. ===

  • S
    $UBER conversation
    Target Raised by Barclays Capital Overweight USD 39 » USD 43
    Target Raised by Mizuho Securities Buy USD 40 » USD 42
    Maintains Wedbush Outperform USD 47 » USD 41
  • P
    $SHAK conversation
    === 07-20-2020 Third of NYC small businesses may never reopen. Accommodation, food service and retail jobs are particularly vulnerable, the 67-page study found.

    A third of the city's 230,000 small business may never reopen, according to a grim new report by The Partnership for New York City.

    Most small businesses have less than three months worth of cash reserves. "That means that funds to restart, PAY BACK RENT and buy inventory are exhausted, leaving tens of thousands of entrepreneurs at risk. Business owners face HIGH RENTS, REGULATORY BURDENS and TAXES."

    "COVID-19 has changed the value proposition, since PREVIOUS ADVANTAGES SUCH AS FOOT TRAFFIC AND EASY ACCESS TO THE OFFICES OF CLIENTS AND POTENTIAL CUSTOMERS HAVE DIMINISHED. On the contrary, over the past decade, political forces have created a much more expensive and litigious environment for business that is no longer sustainable for those whose margins were narrow before the pandemic," report said.

    City has 18 percent unemployment rate, although there's a shortage of skilled workers in areas like accounting and business development. 54 percent of city jobs CAN BE DONE REMOTELY with some NYC companies no longer requiring new hires to live in state. Raising taxes for the wealthy could push the city's highest earners — who account for 40 percent of the state's tax revenue — to move elsewhere. ===

    === 07-20-2020 Mortgage payments may be a challenge as $600 unemployment bump nears expiration. More than half of mortgage borrowers experienced INCOME LOSS DUE TO THE PANDEMIC. Forty percent of mortgage borrowers said either themselves or someone in their household has been receiving unemployment benefits. The $600 unemployment bump has helped buoy many households' financial situations throughout the pandemic. In fact, studies have shown BENEFITS FOR 68 PERCENT OF WORKERS WOULD EXCEED EARNINGS.

    However, facing income loss, Americans said they would be most willing to default on their mortgage payments as a means to make ends meet than other debt payments. Meanwhile, millions of Americans continue to file NEW UNEMPLOYMENT CLAIMS each week. "To avoid a SIGNIFICANT DECLINE IN CONSUMER SPENDING once the $600 bonus expires, either the economy will have to create a lot of jobs very quickly or we need more fiscal support."

    Unless the government intends to spend several hundred billion dollars to further support personal income, the ability for people out of work to support themselves has disappeared for millions of workers. There is an illusion that an 11% unemployment rate is a victory after the 14.7% one in April. The fact is that 10% unemployment was the worst monthly level of the Great Recession. The economy was in horrible shape even when the number was 8%. So, if the current level remains over 8%, the economy is in a shambles.

    The END OF GOVERNMENT SUPPORT IS NOT THE WORST PROBLEM. If confirmed COVID-19 cases continue to rise by as much as 70,000 a day, the crisis will shutter much of the economy for a second time. Some epidemiologists believe another wave of cases will start in October. It will be, by many accounts, worse than the first one, given a widespread and often undetected COVID-19 infected population throughout the country.

    The stock markets cannot rise much more under these levels of pressure. The pullback in the early part of this year took the Dow Jones industrial average from 28,000 to 19,000 in a matter of weeks. If Apple, Amazon, Alphabet / Google, Facebook and Microsoft had not held their ground, compared to the market as a whole, the drop would have been much worse. ===

  • M
    $UBER conversation
    #Uber will lead the ride sharing stocks. It will breakout soon and become profitable!
    Get in and enjoy the ride!!

    #LYFT, #GM, #F, #TSLA
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    Canoo in talk with Uber! Get in now! $UBER $LYFT $WORK $PRTY $TESLA $SHLL $MICROSOFT $ORACLE $ RRD
  • J
    $UBER conversation
    Uber and Lyft have been cheating the system for a long time. It's time $UBER & $LYFT start playing by the same rules. These two companies killed the taxi industry and made medallions nearly worthless because they didn't have to pay any overhead. Must be nice when you don't have to pay for a fleet of cars, pay employee benefits, etc etc...They are both transitioning to automated cars so I am sure both Uber and Lyft view this as only a temporary problem...
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    $SHAK conversation
    === 07-16-2020 Americans Tear Up Old Eating Habits. Almost a THIRD OF ADULTS PLAN TO COOK AT HOME MORE post-Covid. RESTAURANT PULLBACK could rebalance the food supply chain.

    Americans have rapidly changed the ways they buy, cook and eat food in just four months, leaving everyone from farmers to restaurants unable to match their pivot.

    U.S. consumers, whose previous food preferences were stable enough that farmers could often make reliable planting decisions years in advance, have shifted their habits at fast pace during the coronavirus pandemic. That includes COOKING MORE AT HOME, purchasing in bulk, FORGOING BRAND-NAME TREATS and eating SMALLER MEALS due to FEWER TRIPS TO RESTAURANTS with their often oversized portions.

    Even one of those changes by itself could throw a wrench in the global food supply chain. ADD ALL FIVE TOGETHER, and some suppliers are finding they can't adapt fast enough to keep pace with all the changing consumer demands. Farmers, like a lettuce grower in California, have been forced to destroy crops after restaurant demand dried up.

    The ways Americans are changing their food habits are not only MULTIPLE AND SIGNIFICANT — they're also POTENTIALLY PERMANENT.

    Almost a THIRD OF U.S. ADULTS SAY THEY PLAN TO COOK AT HOME EVEN MORE THAN THEY DO NOW, ONCE STAY-AT-HOME RECOMMENDATIONS HAVE LIFTED. Home-kitchen purchases back that up: In the early weeks of the pandemic, U.S. sales of electric pasta makers grew more than five times what they were a year prior. Breadmaker sales more than quadrupled. More than a quarter of adults purchased items in bulk more often. BRANDS have also fallen out of favor, as 23% of respondents said they purchased GENERIC or store brands more often. In fact, 16% of Americans plan to buy private-label or bulk items even more frequently once the pandemic ends.

    As consumers cook more at home, driving up grocery store sales, they're STEERING CLEAR OF RESTAURANTS. ===

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    $UBER conversation
    Watch: CEO says Uber may shut down in California in eight days if forced to reclassify drivers as employees. Details and video here:
    #Uber #uberdriver

    Uber may shut down in California in eight days if forced to reclassify drivers as employees to comply with a recent court decision
    Uber may shut down in California in eight days if forced to reclassify drivers as employees to comply with a recent court decision
  • j
    $CMCSA conversation
    Swing King’s Stock to Watch for the Week of 8.17.2020
    You can download my entire watchlist for the tickers I watch every day in this article in Excel format.
    TT Watch-List Swing King’s Stock to Watch for the Week of 8.17.2020. Hello Everyone, I am Jonathon Walker, the COO & Co-Founder of Transparent Traders.
    TT Watch-List Swing King’s Stock to Watch for the Week of 8.17.2020. Hello Everyone, I am Jonathon Walker, the COO & Co-Founder of Transparent Traders.