| Stocks with the Most Momentum |
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| Newmont Corp. (NEM) | 62.67 | 102.0 |
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Our Advisor's Choice
| Stock Name | Qty | Price |
|---|
| HDFC Bank | 100 | 2523.25 |
| LIC INDIA | 100 | 2523.25 |
| INFY | 100 | 2523.25 |
| Total |
Uber stock on Wednesday closed at $14.82 per share, down more than 68% from its all-time high of $47.08. Several health and government officials have asked the public to avoid nonessential travel and stay home in a bid to slow the spread of the coronavirus.
In English, the money that Uber collects from fares isn't enough to pay for its revenue and operating costs; therefore, Uber loses money each quarter. But, by every possible “real” profit metric, Uber is deeply unprofitable. And that's simply due to it having a higher cost base than it does revenue generating capacity.
Tesla stock is currently not a buy. At current levels, Tesla stock is still at risk of a pullback. It's not a good time to buy shares with the market in a correction.
Overall, Uber says it lost $8.5 billion in 2019 — a sign of just how steep Uber's path to profitability will be. That said, the company says it thinks it can finally eke out a profit on an adjusted based at the end of 2020. Of that Q4 loss of $1.1 billion, Uber says $243 million was due to stock-based compensation.
(
UBER) -
Zacks.
Style Scorecard.
| Zacks Rank | Definition | Annualized Return |
|---|
| 1 | Strong Buy | 24.13% |
| 2 | Buy | 17.51% |
| 3 | Hold | 9.18% |
| 4 | Sell | 4.92% |
Choosing between one of these two tech stocks is difficult. Nonetheless, given the high level of risk, investors should look for larger returns. Therefore, Uber's broader growth prospects might make it the better buy versus Lyft.
Lyft has a strong customer base and has proven demand for its services, but it can't make money until it lowers costs and/or raises prices. The company has not shown it can do either, and until it does it's not a great investment.
Uber is a quintessential high-risk, high-reward tech stock. However, the long-run upside is significant enough to make the investment worthwhile.
Uber has consistently said 2019 was expected to be an investment year. But the company also said it laid off 400 members of its global marketing team this summer — about a third of its communications staff. Still, Uber's chief competitor, Khosrowshahi said, was not Lyft but rather car ownership.
