NASDAQ on pace to snap a seven-month winning streak as tech drags. Joining me now, markets and data editor Jared Blickery, as well as Michelle Schneider, market gauge. com chief strategist.Jared, I want to start with you. Give us a look at the month here because we saw a lot of damage within tech and that looks like it's going to drag the NASDAQ lower on the month. >> You bet.And let's start with the uh Wi-Fi Interactive. And I'm going to pull up the month to date and this is going to be as of the close Wed ...

Core Viewpoint - Uber Technologies has demonstrated a significant turnaround since its initial public offering (IPO) in 2019, recovering from a substantial decline during the pandemic and achieving impressive growth in recent quarters [1][2]. Financial Performance - In Q3, Uber reported gross bookings of $49.7 billion, a 21% increase, and revenue of $13.47 billion, up 20%, surpassing the consensus estimate of $13.26 billion [4]. - The number of trips increased by 22% to 3.5 billion, marking Uber's fastest quarterly growth since 2023 [4]. - Adjusted EBITDA rose 33% to $2.3 billion, with expectations for Q4 gross bookings to grow by 17%-21%, forecasting between $52.25 billion and $53.75 billion [5]. - Adjusted EBITDA for Q4 is projected to be between $2.41 billion and $2.51 billion, reflecting a year-over-year increase of 31%-36% [5]. Market Sentiment and Stock Performance - Despite strong financial results, Uber's stock has faced downward pressure due to macroeconomic concerns, including weakening consumer sentiment and challenges in the labor market [7]. - The stock is currently trading at approximately $85.78, with a market capitalization of $178 billion [8]. Strategic Initiatives - The launch of the Uber One loyalty program is driving cross-booking growth, particularly in the delivery segment [8]. - The company plans to provide adjusted earnings-per-share (EPS) guidance starting in Q1 2026, indicating a maturation of its business model [8]. Industry Challenges - Uber's revenue is significantly tied to the North American market, making it vulnerable to economic downturns [9]. - The company faces competition from emerging technologies in transportation, including autonomous vehicles and urban air taxis, which could disrupt its current business model [10]. - Valuation remains complex due to various special items, but the stock is trading at roughly 20 times adjusted EBITDA, which is considered reasonable given its growth potential [11].

Core Insights - Zacks Premium provides tools for investors to enhance their stock market strategies, including daily updates on Zacks Rank and Industry Rank, research reports, and stock screens [1] - The Zacks Style Scores are designed to help investors select stocks with the highest potential to outperform the market in the short term [2] Zacks Style Scores Overview - Stocks are rated from A to F based on value, growth, and momentum characteristics, with higher scores indicating a better chance of outperforming the market [3] - The Style Scores are categorized into four types: Value Score, Growth Score, Momentum Score, and VGM Score, each focusing on different investment strategies [3][4][5][6] Value Score - The Value Score identifies attractive stocks using financial ratios such as P/E, PEG, Price/Sales, and Price/Cash Flow, targeting undervalued stocks [3] Growth Score - The Growth Score assesses stocks based on projected and historical earnings, sales, and cash flow, aiming to find companies with sustainable growth potential [4] Momentum Score - The Momentum Score focuses on price trends and earnings outlook changes, helping investors identify optimal entry points for stocks [5] VGM Score - The VGM Score combines all three Style Scores, providing a comprehensive indicator for investors who utilize multiple investment strategies [6] Zacks Rank Integration - The Zacks Rank, based on earnings estimate revisions, has shown that 1 (Strong Buy) stocks have an average annual return of +23.93% since 1988, significantly outperforming the S&P 500 [7] - Investors are encouraged to consider stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for the highest probability of success [9] Company Spotlight: Uber Technologies - Uber Technologies holds a Zacks Rank of 3 (Hold) and a VGM Score of A, making it a potential growth investment [11] - The company is forecasted to achieve year-over-year earnings growth of 11.2% for the current fiscal year, supported by a Growth Style Score of B [11] - Recent analyst revisions have increased Uber's earnings estimate for fiscal 2025 by $2.17 to $5.07 per share, with an average earnings surprise of +242.6% [12]

Group 1 - Uber Technologies and WeRide launched the first commercial robotaxi service in the Middle East, specifically in Abu Dhabi, marking a significant milestone in autonomous vehicle deployment [1][8] - The initial phase of the service will involve WeRide's autonomous vehicles being assigned to customers requesting UberX or Uber Comfort, in collaboration with local fleet operator Tawasul and Abu Dhabi's Integrated Transport Centre [2][3] - The launch follows a series of regulatory approvals, including a federal permit for fully driverless services across the UAE, and aims to achieve breakeven unit economics as vehicle utilization improves [3][5] Group 2 - The partnership between Uber and WeRide is part of a broader strategy to expand their presence in the Middle East, with plans to scale to thousands of robotaxis in the coming years [4][8] - This deployment enhances Uber's position in the global autonomous transportation market, potentially reducing trip costs and improving reliability during peak demand [5][8] - Uber's stock has seen a 19.6% increase over the past year, although this is lower than the 81.1% growth of the Zacks Internet-Services industry during the same period [6] Group 3 - From a valuation perspective, Uber trades at a 12-month forward price-to-sales ratio of 3X, which is considered inexpensive compared to its industry peers [10] - The Zacks Consensus Estimate for Uber's earnings has shown positive revisions over the past 60 days, indicating an upward trend in earnings expectations [11]

Core Insights - Bill Ackman's Pershing Square Capital Management has taken a significant stake in Uber Technologies, viewing it as a "free cash flow machine" with substantial earnings growth potential [1][4][5] Company Overview - Pershing Square typically holds 10 to 12 stocks, allowing for in-depth research on each investment [2] - Ackman has praised Uber's CEO for transforming the company into a profitable and cash-generative entity, highlighting its capital-light nature and ability to generate excess cash flows [5] Financial Performance - Uber generated nearly $7 billion in free cash flow in the first three quarters of the year, representing a 34% increase from the previous year [5] - In Q3 2025, Uber's gross bookings grew by 21%, with Uber Eats experiencing a 25% growth [6] Shareholder Value - Ackman anticipates that Uber will repurchase 4% of its market cap this year, which is expected to enhance earnings per share [7] Future Prospects - Investors are expected to focus on Uber's advancements in the autonomous driving sector, with partnerships established with companies like Waymo and Lucid Group [8] - Nvidia's partnership with Uber aims to scale its autonomous vehicle fleet to 100,000 vehicles, indicating a significant AI component to Uber's future [9] Earnings Growth Potential - Ackman and his team project that Uber can achieve over 30% earnings per share growth in the medium term, which could lead to a higher valuation multiple [10][11] - Current market expectations suggest Uber will earn $3.60 per share in 2026, trading at approximately 23 times forward earnings [10]

Core Insights - Uber India has solidified its position as the largest cab aggregator in India, surpassing Ola Consumer and Rapido, with a share value increase of over 40% in the last two years [1][3]. Financial Performance - The valuation of Uber India shares rose to ₹2,022.85 per share after a ₹200 crore investment in November, marking a nearly 41% increase from ₹1,438.9 per share in May 2023 [2]. - Uber India's revenue surged by 41% to ₹3,761 crore in FY24, while losses narrowed to ₹89 crore from ₹311 crore the previous year [3]. Market Position - Uber holds approximately 45% market share in the Indian cab aggregator market, while Ola's share has decreased to 25-30% from 42-44% in FY24 [3]. - Uber's main competition has shifted from Ola to Rapido, which is gaining popularity among price-sensitive consumers [6][7]. Valuation and Investment - Uber India has not raised external funds, making its market-based valuation indeterminate; however, its internal valuation suggests it could attract a premium from potential investors [5]. - Ola Consumer's valuation has seen a significant markdown, dropping from a peak of $7.3 billion to $1.25 billion [4]. Employment Trends - Uber India's registered employees increased from 3,866 in April 2024 to 4,804 in August 2025, contrasting with Ola Consumer's parent company, which saw a decline from 886 to 376 employees [8].

Group 1: Political Developments - U.S. President Trump announced a boycott of the upcoming G20 summit in South Africa, citing "severe human-rights abuses against Afrikaners" including killings and land seizures [2][3] - Trump stated that South Africa blocked a U.S. Embassy representative from receiving the G20 presidency handover, leading to punitive measures including barring South Africa from the 2026 G20 in Miami and halting all U.S. payments and subsidies to Pretoria [3] Group 2: Corporate Developments - S&P Global upgraded its outlook for Uber Technologies Inc. (UBER) to Positive from Stable, reflecting confidence in the company's strong organic growth and increasing cash flows, with potential for a further credit rating upgrade in the next 12-24 months [4] - FedEx (FDX) plans to cut 856 jobs in Texas due to a key customer moving its business, highlighting competitive pressures in the shipping industry [10] Group 3: Economic Indicators - Brent Crude futures settled at $63.13 per barrel, up $0.65 or 1.04%, while U.S. Crude Oil futures rose $0.70 or 1.21% to $58.65 per barrel, indicating a slight strengthening in oil prices amidst global market dynamics [7]

Core Viewpoint - Uber Technologies, Inc. shares are experiencing a rebound after a month of decline, indicating potential bullish dynamics due to being oversold and at a support level [1][4][7] Group 1: Stock Dynamics - A stock trending lower indicates more shares for sale than buyers, leading to sellers undercutting each other [2] - The situation changes at a support level where buying interest matches or exceeds selling pressure, allowing for potential price stabilization [2][4] - Stocks often rally after reaching support as impatient buyers increase their bids, creating a snowball effect that drives prices higher [3] Group 2: Oversold Conditions - Uber shares are classified as oversold, meaning aggressive selling has pushed prices below their normal range, attracting buyers anticipating a price correction [4][5] - The shares have crossed two standard deviations below the 20-day moving average, suggesting that 95% of trading should typically occur within this range, indicating oversold conditions [5]

Core Insights - Uber has launched fully driverless rides in Abu Dhabi, marking a significant advancement in its global autonomous strategy [1] - The activation of this service utilizes WeRide's technology, which is pivotal for Uber's expansion in the Middle East [1] Company Developments - The fully driverless rides service went live recently, indicating a strategic move to enhance Uber's presence in the autonomous vehicle market [1] - This initiative reflects Uber's commitment to integrating advanced technologies in its operations, particularly in international markets [1] Industry Implications - The deployment of autonomous rides in Abu Dhabi could set a precedent for other regions in the Middle East, potentially influencing regulatory frameworks and consumer acceptance of driverless technology [1] - Collaborations with technology firms like WeRide highlight the importance of partnerships in advancing autonomous vehicle capabilities within the industry [1]

Core Insights - Uber Technologies has launched driverless robotaxis in Abu Dhabi in collaboration with Chinese autonomous-driving firm WeRide, following a partnership announced last year [1] Company Developments - The introduction of driverless robotaxis marks a significant step for Uber in expanding its autonomous vehicle services in international markets [1] - The partnership with WeRide highlights Uber's strategy to leverage collaborations with established players in the autonomous driving sector to enhance its technological capabilities [1] Industry Trends - The deployment of autonomous vehicles, particularly in urban settings like Abu Dhabi, reflects a growing trend in the transportation industry towards automation and smart mobility solutions [1] - Collaborations between Western companies and Chinese firms in the autonomous driving space may indicate a shift in how companies approach technological advancements and market expansion [1]