Strategic partnerships, relative price strength, share buybacks, food delivery growth, and improving profitability and cash flow are all reasons to own Uber into earnings on May 7th.
Uber on Monday informed employees, including some who had been previously approved for remote work, that it will require them to come to the office three days a week, CNBC has found. "I want to emphasize that 'good' is not going to be good enough — we need to be great," Uber CEO Dara Khosrowshahi wrote in a Monday memo to employees viewed by CNBC.
Uber CEO Dara Khosrowshahi predicted that robot drivers will replace human drivers at scale in 15 to 20 years in an autonomous future, as long as several factors fall into place in the meantime.
The stock market is trading mixed after three straight days of gains, with the SPY on track for weekly gains.
Shares of ride-hailing leader Uber Technologies were rallying today, up 5.8% as of 3:39 p.m. ET. While the overall markets were also having a good day in the wake of the Trump administration backing down from its most maximal tariff posture, Uber outperformed, with a return of more than twice that of the Nasdaq Composite.
Volkswagen of America and Uber on Thursday unveiled an ambitious plan to launch a commercial robotaxi service — using autonomous electric VW ID. BUZZ vehicles — in multiple U.S. cities over the next decade.
A tariff is a financial penalty imposed on imported products to protect or promote domestic manufacturing. For example, some countries produce steel at a far lower cost than American manufacturers, so the U.S. could place a high tariff on imported steel from every country in the world to level the playing field for domestic producers.
In the most recent trading session, Uber Technologies (UBER) closed at $73.74, indicating a -0.94% shift from the previous trading day.
Despite fears over AV competition, Uber's partnerships with major AV players and its unique technology platform create a strong competitive edge. Trump's tariffs benefit Uber by increasing car ownership costs, driving more consumers to ride-hailing services. Uber's current valuation and projected growth make it an attractive investment, with potential for significant stock price appreciation.
Uber (UBER) shares fell Monday as the U.S. Federal Trade Commission filed a lawsuit alleging “deceptive billing and cancellation practices” related to the company's Uber One subscription service.
Shares of ride-hailing and delivery leader Uber (UBER -3.51%) were initially doing much better than the plunging stock market today, with only moderate declines as of midday. However, in the afternoon, shares sank as much as 5.3% at one point, before recovering to a 4.4% decline by 2:26 p.m.
Uber Technologies has morphed into a fundamental market leader with consistent profitability. In today's commentary, Stock Strategist Andrew Rocco profiles the ride-sharing leader.