POLL TIME! Is $Uber(UBER)$ undervalued given its trajectory?Yes—ride (and deliver) the wave!No—too pricey at 35x forward P/EMaybe—needs more proof (robotaxi success?)$Uber(UBER)$ just keeps on rolling!From 20% YoY growth in gross bookings to a $7B stock buyback, here’s what you need to know about this market heavyweight.1. RECENT REVENUE GROWTH• Q1 FY24: Gross bookings hit $37.7B (+20% YoY)• Revenue: $10.1B (+15% YoY), beating estimates by $40M• Uber’s firing on all cylinders—mobility & delivery both on the rise2.EARNINGS & PROFITABILITY• Operating margin up from -3% to 2%—that’s a serious pivot to profit• Adjusted EBITDA soared 82% to $1.4B• First annual profit since going public in 2019. Party t

I support a second round of bounce happens.Emerging-market stocks rose, reversing earlier losses, as speculation intensified that China’s authorities will roll out fresh stimulus measures next month amid the threat of US imposed tariffs.IF THE TIDE RAISES, ALL BOATS RISE. The $HSI(HSI)$ surged 2.32% at close, and this momentum is already reflected in premarket trading: $BABA-W(09988)$ is up 2.5%, $NIO-SW(09866)$ 3%, and $JD-SW(09618)$ 4%.The MSCI Emerging Markets Index rose 0.3%, driven by gains in $TENCENT(00700)$ $MEITUAN-W(03690)$

$NIO Inc.(NIO)$ day chart:@ACInvestorBlog$NIO Inc.(NIO)$ $NIO Inc.(NIO.SI)$ $1X NIO(NIO.UK)$ weekly candle is now above the weekly MA30 which is something that stage analysis suggest determine if the stock is in a uptrend or not. If you look at the price action since 60$ you can see that the price has failed to stay above it. And the weekly RSI is right at 50, it has failed to break and stay above it since 2021 (unless the july rally last year) @Eagleinvestor_Can it break above it going forward?

$S&P 500(.SPX)$ Wants to trade $5800. Place your bets. Bull flag breakout on Friday, lets see if we can get a continuation this week. ImageDont have to look too far to see price puts a bottom, then rally's up. Post that rally its normal to see a sideways consolidation and higher low being put- We got that last two weeks . Two things I dont do: 1. Spread unnecessary fear for likes. 2. Over look what I see on the chart. Going to be spending less time here. Summer is almost over and need to enjoy it while I can. Will try and continue with timely posts on Indices and Stocks. Its been a fantastic year already. Caught many cycle tops and bottoms over last few years with you all. Remember rest is also needed in this or any business.

Here’s a chart of the S&P 500 index from 1980 through today. Never let short-term fear control long-term decisions. Just shut up and wait:Image

Today looks like an absolute bloodbath with $SPDR S&P 500 ETF Trust(SPY)$ down -2.9%, $Invesco QQQ(QQQ)$ down -4.5%, $iShares Russell 2000 ETF(IWM)$ down -5.3%, $ARK Innovation ETF(ARKK)$ down -7.8% This looks like March 2020 or what I was expecting if China invaded Taiwan. I'm surprised we're seeing this much selling because the FOMC didn't cut last week, because recession fears have increased, because $Berkshire Hathaway(BRK.A)$ sold some $Apple(AAPL)$ , because $NVIDIA Corp(NVDA)$ is delay