VIDEO REMINDER In Today’s Masters in Trading: Live An extremely undervalued stock is starting the new year off with a bang – Uber, Inc. (UBER). Uber shares jumped Monday after the company announced an accelerated stock buyback program that includes plans to buy back $1.5 billion in shares from Bank of America. In all, the program will deliver than 18.5 million shares — or about 80% of the shares Uber is planning to buy back. While that buyback plan is boosting Uber stock in the near term, I’m casting my net a little wider… If there’s one sector that’s poised to break out higher this year, it’s the whole ridesharing space. And on the back of Uber’s stock breakout, we should expect more innovation in the workforce – and the rise of autonomous taxis – to provide a serious boost to major players like Lyft and Waymo. In today’s Masters in Trading Live at 11 a.m. ET, we’ll dive deeper into Uber’s share buyback plan and take a look at where the opportunities are opening up for us across the entire ridesharing space from here. If you want to be part of the action and share your comments and questions in real time, be sure to join me live on on YouTube. It’s a great way to connect directly with our trading community and make sure you’re getting the insights you need to help build a deeper understanding of the markets. Remember, the creative trader wins, |
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