
NYSE:UBER
Not in positive earnings territory, so not a name he's interested in. High growth, high valuation. Revenues expected to grow by 40%, but won't see a profit till 2023. A growth stock that may be affected by rising interest rates, so be careful. Rise of autonomous vehicles, such as Google's Waymo, may impact names like Uber. Right at 200-day MA, so it may bounce, but he'd be concerned.
(A Top Pick Mar 24/21, Down 8%) He's not panicking, because Uber is a new stock and he holds stocks for 3-5 years. He still believes in it. Short-term worry is a driver shortage. Uber has 65% market share globally and will remain the leader as economies reopen. The Uber Pass is another tailwind. Walgreen's will now use Uber for same-day service. He sees topline growth in coming years and target $70 in the next 18-24 months.