Business
Is the Uber stock a good investment for your portfolio? ? Register for My Make Your Money Work For You MasterClass: http://learn.investdiva.com/yes Uber Technologies is looking to acquire its food delivery rival, Grub-hub. This comes after the $2.9B loss for Uber as its ride-hail business dropped 80%. On the bright side, Uber Eats soared 54% as more people looked for food delivery while on Coronavirus lockdown. But around two-thirds of Uber's quarterly loss was caused by its tanking investments in Asian ride services Didi and Grab. Now Uber wants to expand on what made it the most money, and many investors are excited about it, which showed in Uber’s stock price on Tuesday as the news was announced by Wall Street Journal. Would this acquisition really make Uber stock a buy right now? Could we see a pullback so we can buy at lower prices, or will the price just go up from here? If it could go down, how low will it go? When should you take a profit? What type of investors should even consider adding Uber to their investment portfolio? In this video, Kiana Danial, CEO of Invest Diva analyzes the Uber stock from 5 points of her Invest Diva Diamond Analysis (IDDA). Uber is not yet on a long-term hold list of Invest Diva's Premium Investing Group (PIG). But what really sets Uber apart from its competition, Lyft is the fact that they’re expanded over different categories rather than just being a ride-hailing company. Also, Uber likes investors to believe that they’re in fact a data and tech company. Not a ride-hailing company. They have been investing in Artificial Intelligence and self-driving cars for a while. The network effects and valuable intangible assets in the form of user data give Uber a competitive advantage that will help Uber to become profitable and generate excess returns on invested capital. Disclaimer: I am NOT a financial advisor, and nothing I say is meant to be a recommendation to buy or sell any financial instrument. I will NEVER ask you to send me money to trade for you. Please report any suspicious emails or fake social media profiles claiming to be me. Don't invest money you can't afford to lose. There are no guarantees or certainties in trading or investing. #UberStock #Uber #StockMarket