Chart of the Day: Uber and Lyft

Market Trends & Competitive Dynamics - Lyft shares are up over 13%, while Uber shares are pulling back about 5% following Alphabet's Waymo announcement of a robo-taxi service launch in Nashville with Lyft [1] - The partnership between Lyft and Waymo introduces competitive tension, potentially impacting Uber's pricing leverage [5][6][11] - Lyft's stock is up nearly 80% YTD and 133% from its April low [3] Company Strategy & Partnerships - Lyft's partnership with Waymo is their first, landing in a critical part of the country, while Uber already has existing partnerships with Waymo [2] - Lyft aims to leverage the Waymo partnership to expand into other cities [6][10] Company Valuation & Financials - Uber is a $194 billion company with a turnaround in its balance sheet [2] - Lyft is a $9 billion company [5] Investment Opportunities & Risks - There's a potential trade opportunity with Lyft, with a low-risk scenario around the $20 mark or $19 with more risk [4] - The market is taking the ride with Lyft, as Uber shares are pulling back [12]