Uber (UBER)

Beat on top and bottom. Great combination of scale, growth, and ramping profitability. Reminds him of FB in its early days. Trades at reasonable 35x, 42% EPS anticipated growth rate. Ubiquitous name, game-changer in terms of how we navigate our lives. Early days of profitability. No dividend.

Up 149% in 2023, one of the top S&P stocks. The street thought the company cared only for revenue growth, not earnings. They pivoted in 2023, from losses to profits. Uber dominated ride-shares as well as food delivery.

Earnings could grow 8-10%, but this has run up so much that to sell now would mean paying huge capital gains. It's a phenomenal story, but prefers looking for something else in 2024 and will likely sell this next year.

One of the biggest winners of 2023. It's added about $90 billion in 19 months, so it's now worth re-evaluating. There may be no or little upside in the near-term, but he's a long-term holder and will accept that. Uber has bounced off its 200-day moving average 3 times in 2023; only 5 days in 2023 were under that 200-day MA.

Uber now occupies the same mind space that google does, using it as a verb. Speaks to it becoming synonymous with ride-sharing. 131M monthly active users. Dominant and scalable platform. Strong network effect in that the more drivers and deliverers it has, the more valuable the network to both parties. 

Turned a corner financially, expected to be in the black this year. Profits expected to triple next year and continue growing dynamically as far out as 2025. Added to S&P 500, should do well. Looks expensive, but will grow into its valuation, with an outlook of sub-30x. No dividend.

Chart indicating great formation. Higher highs a good sign for investors. Would recommend buying. 

Difficult to predict future of business. Recent profits good, but better names to invest in. A.I. will help business, but other names to pick. 

Will join the S&P. The stock has turned around ever since the CEO began cutting costs. In 18 months, shares have doubled. HAs three straight big cash-flow beats.

He added more shares. Will rally into the end of the year. Whatever city you go, it is the dominant ride-sharing company. Prices are rising, but not too high to remove the service's convenience. The CEO has been great. The PE isn't cheap, but growth is cheap and earnings will grow dramatically.

It's in his "too hard" pile. Seems to be shifting from transportation to delivery/logistics. Came to market at a time when money was free. It'll be a test to see how the company does over 5 years with higher interest rates.

They reported amazing numbers and are a company that's breaking away from the pack.

They've taken a lot of market share from Lyft. Isn't worried that an analyst bumped the target to $60. Fundamentals have improved a lot. Food delivery has benefitted them. Uber is essential to many for work and recreation. The balance sheet has improved. Agrees with the new target. And it will join the S&P.

Price target raised a lot today to $60 which makes her nervous. She trimmed around $45 and $47. Demand in dining and travel is softening but overall the stock is solid. She's doubled her money.

It will join the S&P in 2024 and as an industrial. He likes monopolies, which Uber enjoys.

The company has seen nothing but improvements every quarter this year. The stock goes down with the market but remains a beta name. It's mispriced now, and it will go higher.