I have quite a few shares of Uber in my portfolio. I'll add these four points to your investment case:
1). Uber announced a $7b buyback program in Feb. (kinda suspicious as it's still a growth stock but what the hell, if they want to hike the stock price, I'm in)
2). There's large institutional interest. It was obvious even last year (I saw persistent accumulation over several months), then Uber became part of the S&P 500. Which means more funds must buy and hold it. Nasdaq.com shows that BlackRock and Vanguard increased their hldings of Uber by 30%+ last quarter.
3). There are Uber Eats ads here in Germany. I was in Romania last week and saw tons of taxis sporting 'Uber', the same in Brazil, Czech Republic, and a few other countries. I've used Uber myself and liked it.
4). The CEO isn't a rookie. He's got a solid background in business. Must be the reason Uber did far better than Lyft during the pandemic by expanding its business to delivery.
I have quite a few shares of Uber in my portfolio. I'll add these four points to your investment case:
1). Uber announced a $7b buyback program in Feb. (kinda suspicious as it's still a growth stock but what the hell, if they want to hike the stock price, I'm in)
2). There's large institutional interest. It was obvious even last year (I saw persistent accumulation over several months), then Uber became part of the S&P 500. Which means more funds must buy and hold it. Nasdaq.com shows that BlackRock and Vanguard increased their hldings of Uber by 30%+ last quarter.
3). There are Uber Eats ads here in Germany. I was in Romania last week and saw tons of taxis sporting 'Uber', the same in Brazil, Czech Republic, and a few other countries. I've used Uber myself and liked it.
4). The CEO isn't a rookie. He's got a solid background in business. Must be the reason Uber did far better than Lyft during the pandemic by expanding its business to delivery.
Brilliant thank you Denis. Apologies if I've already asked you but where do you track institutional ownership?
Go to nasdaq.com -> Market Activity -> Stocks -> Symbol Search -> Institutional Holdings
Some very interesting stocks in there. I was not familiar with Cadence and VIV, yet.
Thanks! So many interesting plays out there. I love Cadence, just need to wait for the right time.