Trade Global Shares with Unum Capital.
To get started, email lester@unum.co.za
Original idea was derived through manual search with support from the price action model (scroll down to see).
Upcoming event risk: Earnings on Wednesday 05 February.
If you want to avoid potential volatility, you could consider reduce your buy/long position.
Previous Post: Thursday 12 December 2024 (09h07 / South African Time)
Company Names: Uber Technologies
Share Code: UBER
Last Close: $61.18
The setup in Uber is similar to what we previous saw in CrowdStrike (link to post below): https://www.unum.capital/post/crowdstrike-reaches-350-a-gain-of-52-from-the-model-buy-reading
The share has retreated from it's recent highs, is approaching an oversold range which is automatically triggering buy readings on the price model. While I do not expect the current price to be the exact lows, the share is reaching a range at which traders could consider a buy/long position. The bull, base and bear cases are shown on the chart and reflect potential price paths over the short to medium term.
Recent Earnings: A 220% Surprise vs expectations
Consensus Price Targets
AI-Assisted Insights
Uber's growth is driven by a combination of factors across its various business segments:
1. Mobility (Ride-hailing):
Expanding Global Reach: Uber continues to enter new markets and expand its service in existing ones, increasing its potential customer base.
Diversification of Services: Beyond basic rides, Uber offers options like UberX, UberPool, UberXL, Uber Black, and Uber Green, catering to different needs and budgets.
Technological Advancements: Investments in technology like AI-powered routing, surge pricing optimization, and fraud detection enhance efficiency and user experience.
Partnerships: Collaborations with public transportation systems and other mobility providers create a more integrated and convenient travel experience.
2. Delivery (Uber Eats):
Growing Demand for Food Delivery: The increasing popularity of food delivery services, driven by convenience and changing consumer habits, fuels Uber Eats' growth.
Expanding Merchant Network: Uber Eats continuously adds new restaurants and businesses to its platform, offering more choices to customers.
Delivery Speed and Reliability: Investments in logistics and delivery infrastructure help ensure faster and more reliable deliveries, enhancing customer satisfaction.
New Service Offerings: Expanding into grocery delivery, prescription delivery, and other on-demand services broadens Uber Eats' reach and revenue streams.
3. Freight:
Supply Chain Disruptions: The ongoing global supply chain challenges create opportunities for Uber Freight to provide more efficient and reliable transportation solutions.
Technology-Enabled Solutions: Uber Freight's platform leverages technology to match shippers with carriers, optimize routes, and streamline the freight booking process.
Growing E-commerce: The rise of e-commerce fuels demand for efficient and cost-effective freight transportation.
4. Other Bets:
Autonomous Vehicles: Uber's investments in self-driving technology have the potential to revolutionize transportation in the long term.
Micromobility: Services like Uber Bike and Uber Scooter offer alternative transportation options, catering to urban commuters and expanding Uber's market reach.
Financial Services: Uber's foray into financial services, including payment processing and credit products, provides additional revenue streams and enhances the user experience.
Overall, Uber's growth is driven by its ability to adapt to changing market dynamics, leverage technology to improve its services, and expand its offerings to meet the evolving needs of its customers.
The setup in Uber is similar to what we previous saw in CrowdStrike (link to post below): https://www.unum.capital/post/crowdstrike-reaches-350-a-gain-of-52-from-the-model-buy-reading
Lester Davids
Analyst: Unum Capital
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