Hello,
Uber still prides itself as the king of online transport booking in similar ways to taxis priding itself with over 19 million trips a day. Uber Technologies, Inc. (NYSE: UBER) will hold its quarterly conference call to discuss its second quarter 2022 financial results on Tuesday, August 2, 2022.
Revenues continue to increase due to the easing of COVID -19 restrictions. I expect a better performance than what we saw in 2021 for Q2 as well. The EPS is still expected to be in the negative territory.
From a technical point of view we are at the bottom. The lower this stock comes will be a great point for us to buy. The recession is expected to keep weighing the stock further downwards as competition continues to eat into Ubers customers.
RECOMMENDATION: WAIT WITH A BUY BIAS.
Good luck!
Uber still prides itself as the king of online transport booking in similar ways to taxis priding itself with over 19 million trips a day. Uber Technologies, Inc. (NYSE: UBER) will hold its quarterly conference call to discuss its second quarter 2022 financial results on Tuesday, August 2, 2022.
Revenues continue to increase due to the easing of COVID -19 restrictions. I expect a better performance than what we saw in 2021 for Q2 as well. The EPS is still expected to be in the negative territory.
From a technical point of view we are at the bottom. The lower this stock comes will be a great point for us to buy. The recession is expected to keep weighing the stock further downwards as competition continues to eat into Ubers customers.
RECOMMENDATION: WAIT WITH A BUY BIAS.
Good luck!
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Commento:
Uber is at a good place to look for buys .
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Trade chiuso: obiettivo raggiunto:
Trade chiuso: obiettivo raggiunto:
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Free in-depth stock markets analysis Telegram channel: t.me/stocksfromtechnicaleye
Happy trading!