|Bid||61.68 x 1100|
|Ask||0.00 x 800|
|Day's Range||60.26 - 61.94|
|52 Week Range||57.37 - 149.35|
|Beta (3Y Monthly)||0.70|
|PE Ratio (TTM)||223.30|
|Earnings Date||Oct 23, 2019 - Oct 28, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||91.44|
When you invest in growth stocks, first learn to use IBD's relative strength line to confirm a stock's real power as it breaks out of any base.
The investigation concerns whether GrubHub and certain of its officers and/or directors have breached fiduciary duties owed to the company and its investors. If you are a shareholder of GrubHub and are interested in obtaining additional information regarding this investigation, you are advised to contact Robert S. Willoughby at firstname.lastname@example.org or 888-476-6529, ext. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions.
Jimmy John's is doubling down on its "freaky fast" delivery promise — and is refusing to work with food delivery giants like GrubHub, Uber Eats, and Postmates.
Capital is pouring into food delivery apps, putting leaders like Grubhub and Uber Eats in a race to entice customers. Grubhub stock and Uber stock have a lot on the line.
U.S. stocks started off higher on the day, but failed to hold most of the gains. It leaves market-wide volatility elevated as investors continue trying to digest a bevy of news. Let's look at a few top stock trades as we approach the weekend. Top Stock Trades for Tomorrow No. 1: AmazonLike we covered with Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) earlier this week, Amazon (NASDAQ:AMZN) is perched in a precarious spot.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAMZN currently has uptrend support (blue line) at $1,770, just below current levels, the 200-day moving average at $1,752 and the 38.2% retracement at $1,766. It's also at former fourth-quarter resistance.Buyers who believe Amazon has upside can buy near current levels, stepping out on a move below the 200-day moving average. If it holds, upside targets include the 20-day moving average at $1,846 and the 50-day moving average at $1,899.Should support fail, look to see if AMZN finds support at the 50% retracement at $1,679 and the 61.8% retracement at $1,591. Top Stock Trades for Tomorrow No. 2: General Electric (GE)General Electric (NYSE:GE) are getting crushed on Thursday, falling more than 11% to its lowest levels since early January. * 10 Stocks Under $5 to Buy for Fall We have been all over GE stock this year, looking for a breakout over $10.50 to $10.70. Vital support at $9 gave way, as did the 61.8% retracement and the 200-day moving average near $9.25.Bulls need to stand aside until GE finds its footing now. Will that be at $7.50? How about $6.50? In between or somewhere even lower?There's too many questions to know the answer. What we do know is that $9 is likely to be resistance on the way back up. Top Stock Trades for Tomorrow No. 3: Alibaba (BABA)Alibaba (NYSE:BABA) is forming a long-term wedge, with a series of higher lows and lower highs (blue lines). $170 has proven notable, and it's also the 38.2% retracement.Shares opened near $170 and have been retreating ever since, even after a solid quarterly result.BABA stock is sitting near $165, resting on the 200-day moving average. If it holds, look for a rebound up to downtrend resistance (blue line). Over there, it could trigger a move to $180-plus.If it gives way, look for a drop down to uptrend support and the 61.8% retracement near $155. Falling below there opens up the door to $150 and, if that fails, BABA could be in trouble. Top Stock Trades for Tomorrow No. 4: GrubHub (GRUB)Man, I do not like shares of GrubHub (NASDAQ:GRUB), and the decline from the July highs highlights why.Had support near $60 held, GRUB might have been a worthwhile long with decent risk/reward. Downtrend support (blue line) gave way on Wednesday, paving the way for Thursday's losses.A move back over $60 could kickstart a rally back to $65 and possibly higher. The concern for bulls now? $60 becomes resistance, increasing the downside potential significantly. Watch $60. It may be key in the coming sessions.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AMZN and GOOGL. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks Under $5 to Buy for Fall * 5 Stocks to Avoid Amid the Ongoing Trade War * 7 5G Stocks to Buy Now for the Future The post 4 Top Stock Trades for Friday: AMZN, GE, BABA, GRUB appeared first on InvestorPlace.
Food delivery firm Grubhub, industrial heavyweight 3M and consumer products giant Colgate Palmolive are all prime targets for activist investors.
It's easy to make the bear case for Uber Technologies Inc (NYSE:UBER). The current UBER stock price -- even after a 14% decline over the past two sessions -- still suggests a market capitalization near $70 billion. Yet Uber isn't close to profitable.Source: Shutterstock In fact, Uber lost a staggering $5 billion in its second quarter, according to last week's earnings report. To be fair, much of that loss was due to stock-based compensation following the company's IPO. But even on an Adjusted EBITDA basis, Uber lost some $656 million in the quarter. In that context, $70 billion seems ridiculous.That said, this is a company with a path to growth. At least some of the current losses are coming from investments in areas like UberEats and Uber Freight. Those investments eventually will generate returns, or so the company hopes. And with a real opportunity in self-driving vehicles, in particular, growth can continue for decades to come -- with profitability likely to follow at some point, and possibly some point soon.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Safe Dividend Stocks for Investors to Buy Right Now But the long-term question remains: how much profitability? While the UBER stock price has fallen off a single earnings report, that's the question that really matters. And there's a very real probability that the answer is much worse than Uber shares suggest, even as they trade not far from post-IPO lows. The CEO's Case for UBEROn Friday, one day after Uber earnings, CEO Dara Khosrowshahi gave a lengthy interview to CNBC. The appearance certainly seemed like damage control from the notoriously PR-focused company, as the UBER stock price fell despite some good underlying news in the quarter.There's one passage from the roughly 20-minute interview worth calling out in the context of understanding the fundamentals behind the UBER stock price. CNBC's David Faber asked Khosrowshahi if he agreed that it was an "uphill battle" to get the company to cash-flow positive. Here's how the CEO responded:This is a 20% revenue margin business at 50, 60 plus percent scale. Every single year we add $15 billion of gross bookings at 20% margin - revenue margin. So that's essentially $3 billion of revenue that we're bringing in house. And you know, put that against a $656 million quarterly loss. And you see that with a couple of years of $3 billion-plus revenue coming in, you're going to be able to cover those losses. I am very, very confident of this. Can Uber Technologies Inc Hold Pricing?From a broad standpoint, that's the right answer. Uber will be able to grow to the point where Adjusted EBITDA is positive.Growth stocks across the market have soared this decade on the backs of similar models. And companies -- including both Uber and rival Lyft (NASDAQ:LYFT) -- have taken advantage of that fact to go public earlier than in the past.It's worth going through the exact metrics Khosrowshahi cites because they can also highlight the bear case for UBER stock right now. First, he notes that the business is at 20% "revenue margin." What this means is that Uber has a "take rate" around 20% of bookings, or the price that riders pay. (According to figures from the 10-Q, take rate actually was about 19% in Q2, excluding a one-time driver benefit in conjunction with the IPO.)That metric alone is a worry for Uber. Per its own filings, Uber's take rate has steadily declined in recent years. The key factor has been competition from Lyft and China's Didi Chuxing, who has expanded into Europe and Australia.And one real concern is that it will keep declining. After all, competition can create a "race to the bottom." More importantly, drivers may not be able to survive paying Uber 20% of the fare, while also maintaining and fueling their vehicles and being properly compensated for their time.The argument from Uber bears is that the model doesn't work. The company is funding its business through incentives to consumers and incentives to drivers. That combination can't last forever -- unless Uber (and its rivals) want to keep burning cash. While those promotional incentives have stabilized across the market, per post-Q2 commentary, that may not hold. The risk here is that there's always going to be someone out there willing to undercut the incumbent players. Does Operating Leverage Lead UBER Stock Price Higher?The CEO then notes that the company is running a quarterly loss (which, to be clear, is Adjusted EBITDA) of $656 million, or about $2.6 billion a year, while growing revenue at a $3 billion clip. In theory, that should narrow losses rather quickly.After all, this is a platform company, or at least believes that it is. And the reason platform stocks (think Etsy (NASDAQ:ETSY) or Match.com (NASDAQ:MTCH)) generally trade at high valuations is that incremental margins are huge. Once the platform is built, each extra dollar in revenue comes with minimal costs. So raising pricing, as Etsy did, or simply growing usage both lead profitability to move almost exponentially higher in a very short amount of time.$3 billion in revenue probably can't cover a $2.6 billion hole. $6 billion probably can -- at least if platform economics hold. But here, too, there are questions. New riders on the Uber platform, for the most part, need a corresponding amount of new drivers. (Existing drivers can increase their utilization, but only to a point.) And acquiring new drivers costs money. Either Uber has to market to them, incentivize them, or pay them.For most digital stocks, incremental margins are huge. For Uber, it's not clear that they are. The company's own financials don't show it: Adjusted EBITDA loss more than doubled year-over-year in Q2.To be fair, the company has kept up its spending as it has entered new markets, and looked to grow UberEats, in particular. The longer-term risk, however, is that Uber always will have to keep up its spending. Other BetsThere are real concerns as to whether the core ride-sharing business can ever really be profitable. After earnings, bulls and analysts pointed to a notable improvement in contribution margin from ride-sharing. The figure, according to the earnings slides, jumped to 8% from -4% in the first quarter. Some of the loss, then, is coming from spending on UberEats and autonomous driving, in particular.Again, this is a company worth $70 billion. GrubHub (NYSE:GRUB) is worth $6 billion. As Ian Bezek pointed out last week, Square (NYSE:SQ) sold Caviar to DoorDash for just $410 million. UberEats is going to have to be absolutely dominant to support even a fraction of the current UBER stock price.Uber Freight is intriguing, but faces stiff competition in an industry that has huge numbers of incumbent brokers (many of whom have similar technology). And the autonomous efforts don't necessarily solve Uber's problems: driverless cars certainly would have lower costs, but they'd also have commodity pricing, as MarketWatch contributor Rich Alton pointed out this week.The core distribution business has to reach profitability -- and likely material profitability -- for the UBER stock price to do anything but keep falling. That's not guaranteed. Khosrowshahi's math works on paper. The key question for Uber is whether it will work in practice.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Real Estate Investments to Ride Out the Current Storm * 7 Marijuana Penny Stocks to Consider for Those Who Can Handle Risk * 7 Safe Dividend Stocks for Investors to Buy Right Now The post The Biggest Long-Term Question for Uber Stock appeared first on InvestorPlace.
Welcome to the latest episode of the Full-Court Finance podcast from Zacks Investment Research where Associate Stock Strategist Ben Rains and guest Madeleine Johnson dive into the world of coffee to see how the major publicly traded firms from Starbucks (SBUX) to Dunkin' (DNKN) have performed...
Uber Technologies is a global company that is transforming the ride-sharing and meal delivery markets. After a much-hyped debut on May 10, Uber stock is one of the hottest IPO stocks today, but is Uber a buy right now in the current stock market? Uber stock sold off in the wake of its disappointing earnings results late Thursday.
HENDERSONVILLE, TN / ACCESSWIRE / August 9, 2019 / The Law Offices of Timothy L. Miles, who has been leading the fight to protect shareholder rights for over 18 years, reminds investors the firm is investigating ...
NEW YORK, Aug. 08, 2019 -- Bragar Eagel & Squire is investigating certain officers and directors of Grubhub, Inc. (NYSE: GRUB), Molson Coors Brewing Company (NYSE: TAP),.
Kehoe Law Firm, P.C. is investigating potential claims on behalf of Grubhub Inc. shareholders (“Grubhub” or the “Company”) (NYSE: GRUB) to determine whether Grubhub and certain officers or directors breached fiduciary duties owed to Grubhub and the Company’s investors.
The law firm of Kirby McInerney LLP is investigating potential claims against GrubHub Inc. (“GrubHub” or the “Company”) (NYSE: GRUB). This investigation concerns whether GrubHub and certain of its officers and/or directors have breached fiduciary duties owed to the company and its investors. On July 2, 2019, Mark Gjonaj, the head of the New York City Council’s Committee on Small Business wrote a letter to New York Attorney General Letitia James asking the attorney general to open an antitrust investigation into GrubHub.