By Nigam Arora & Dr. Natasha Arora Uber (UBER) buy zone was previously suspended due to concerns about delta variant, smart money selling, and incentives for drivers. UBER just reported earnings. Earnings are better than consensus and whisper numbers. UBER is looking at delivering a positive adjusted EBITDA in Q4.
Beyond daily gyrations, the U.S. stock market is still positive. The momo (momentum) crowd is bullish and aggressively buying shares. (The momo crowd controls this market.) Bears are at a loss as to how the market can rise despite a range of problems, from a slowing economy to the huge
Another alarm rang for the stock market when a survey of purchasing managers of American factories fell to a level last seen during the Great Recession. Is this a reason to panic? Let’s explore with the help of a chart. Chart Please click here for an annotated chart of a Dow ETF DIA,