Costco Wholesale

Oil transit through the Straits of Hormuz seems to be picking up so that might indicate that Oman and the US are able to circumvent the blockage. Hence the stance but not surprised with a Taco coming up as well.

Quiet weekend with no major drama from the US China meeting. Earnings season up next. Lots to look forward to.

War on Iran, Iran wants to open the Straits of Hormuz for 7 days but not permanent with terms and conditions apply. But US President, Trump says no.

Haha….Looks like the TACO script is in play again. And markets still fall for it! Expecting talks to progress and the president’s stance to soften again….

📌🇺🇸👀Higher rates challenge valuations, AI demand survives; easy money fades, selective investing returns.

Trump always have new stories (Roti Prata King). Flip there flip here 🙄

Uber Technologies Inc. $Uber Tech(UBER.US) is currently trading at $69.42, floating near its 52-week low of $65.41 and roughly 30% below its all-time high of $100.10. The market is in an intense debate regarding Uber’s long-term viability as an autonomous vehicle (AV) ride marketplace. Fears that vertically integrated robotaxi networks (like Alphabet’s Waymo or Tesla’s upcoming network) will bypass Uber entirely have heavily weighed on the stock.

However, the underlying financial fundamentals tell a completely different story. Wall Street analysts remain highly bullish, with firms like Evercore ISI predicting the stock could double based on the following catalyst framework:

The Aggregator Flywheel: Uber continues to act as the primary demand and orchestration layer. Management is leveraging this scale through major enterprise wins, such as the national expansion of Costco delivery on Uber Eats.

High-Margin Ecosystem: The Uber One loyalty framework has achieved over 50 million members, capturing half of all gross bookings.

My trade

Hypothesis: The market has irrationally priced in a premature “AV death sentence” for Uber. In reality, AV hardware developers will still require Uber’s immense 200M+ global user network to maximize capacity utilization. The stock is coiled for a sharp valuation rerating as imminent share buybacks resume and technical support holds.

Strategy: Scale into a Core Long Position utilizing structural support levels. I will accumulate shares between $66.00 – $69.50 (buying near the structural 52-week support baseline).

Takeaway

The central takeaway is that network density and consumer demand aggregation trump proprietary hardware in platform economics.While the market obsesses over who owns the robotaxi technology, Uber owns the customer relationship. Autonomous fleets will need a marketplace to source rides, and building a global demand pool from scratch is an extraordinarily capital-intensive endeavor.

Trump has just rejected Iran’s 7-day ceasefire proposal which offered to reopen the Strait of Hormuz and resume nuclear talks in exchange for lifting the U.S. port blockade.

Trump reportedly expects to launch a renewed U.S. bombing campaign after the November midterms, extending the 209-day conflict.

Source- Wall Street Journal