Ubber , Chipotle , Adobe And The Rise Of The Machine
Hey guys
Lately as it evident from my post I am watching more and more closely traditional markets and trying yo find stocks and new that will make me invest.
Uber , Google and Waymo
While many investors look forward to Tesla's Robotaxi announcement on October 10, Uber has renewed its partnership with Waymo.
https://www.cnbc.com/2024/09/13/uber-and-waymo-partnership-expanding-to-austin-and-atlanta.html
For those who don't know, Waymo is a self-driving car company owned by Google ,google plans to use Uber's app to run rides in Atlanta and Austin.
In my opinion, this is an awesome partnership, as Waymo has the technology and Uber has the customer base.
The chart seems to be on a strong resistance but the long term uptrend is still intact and what I love the most from UBER is the free cash they have.
Uber Announces Results for First Quarter 2024
Chipotle The Rise Of The Machines
In a few years Robots will do everything for us.
In fact, they already started making the food in a fast food chain.
So Chipotle , announced that they will launch 2 new projects :
A. the robot that prepares avocados to become wakamole, the so-called "autocado"
B. the automatic production line that will make the salads.
In this way, the chain of Mexican restaurants will greatly improve their profit margins (fewer working hours), and will ensure portions of the same quantity and quality for all customers.
Will Machines take over?
The stock saw a drop but the long term trend is still intact and the news is great for price stock, the lower the labor cost the higher the price jump. Finally the Revenue was 18.22% better than last years.
CHIPOTLE ANNOUNCES SECOND QUARTER 2024 RESULTS
Adobe
Adobe ,A company that in the last week has divided both its investors and the investment world in general.
This software company, despite announcing excellent results, did not seem to give excellent predictions for the future.
This weakness caused its stock to decline by about -10%.
Now, as many creators and artists , they say that its services are excellent, and even the artificial intelligence contributes to that.
This is also reflected in the company's fundamentals, and particularly in the annual recurring revenue (ARR) from all 3 segments.
However, not a few argue that many creators will switch to other AI tools and stop paying for Adobe's services.
The chart is not looking great it seems that it made lower high I am now expecting a lower low in the long term. Unless something significant changes then the price will keep dropping.
Adobe Reports Record Revenue in Q3 Fiscal 2024
And finally this is what I love about traditional markets the higher the earnings the higher the stock prices.
Posted Using InLeo Alpha
Interesting look at things. AI is really some huge disruptor, Adobe has to embrace it completely or they'll go bankrupt in a while. I'm a little scared of what the world would be like when AI has manifested enough.