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Buy or Sell: Uber Technologies (UBER)

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thetradeadvisors.com

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newsletter@thetradeadvisors.com

Sent On

Mon, Jun 12, 2023 07:31 PM

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June 12th, 2023 SPONSORED AD Thanks to a little-known IRS loophole... Regular Americans can collect

[Investing Insights Daily]( June 12th, 2023 SPONSORED AD ["Amazon Loophole" could hand you $28,544 in "royalty" payouts]( Thanks to a little-known IRS loophole... Regular Americans can collect up to $28,544 (or more) in payouts from what Brad Thomas calls the "Amazon secret royalty program..." And the best part is, there are no age or income requirements, no employment requirements, and you NEVER have to shop or sell a single product on Amazon... (It only takes 5 minutes to set up!) See how to collect the next payout before the strict cutoff deadline. [Watch this short video now.]( [Buy or Sell: Uber Technologies (UBER)]( Food delivery and ride-sharing platform Uber Technologies, Inc. ([UBER]( – [Get Rating]( has been making headlines with its recent developments and performance in the market. However, the company faces inflation-related challenges and a potential economic slowdown in major global economies. Therefore, I think it might be ideal to exercise caution and wait for a better entry point in the stock. Since March 2022, the Fed has raised its benchmark borrowing rate ten times to a targeted range of 5%-5.25%. During this period, the labor market has shown resilience, with nonfarm payrolls climbing by nearly 1.60 million in 2023. While inflation has declined from last year’s peak level, it is higher than the Fed’s target of 2%, which might prompt the Fed to rate hikes further. Moreover, as per the World Bank, higher rates and overhangs from this year’s banking crisis are expected to [drastically slow economic growth]( for the biggest global economies. The institution said advanced economies, the U.S., Japan, and Euro area countries, are expected to grow by only 0.7% in 2023, down from 2.6% in 2022. The stock has gained 65.8% year-to-date and 7.3% over the past month to close its last trading session at $40.99. The stock has a 24-month beta of 1.20. Here are the factors that could affect UBER’s performance in the near term: Latest Developments [3 STOCKS TO DOUBLE THIS YEAR]( On May 31, UBER and Party City, the leader of the global celebration, announced a… Continue reading at [STOCKNEWS.com]( Copyright © 2023 StockNews.com | All Rights Reserved [Unsubscribe]( Magnifi Communities, 1 Penn Plaza, Suite 3910, New York, NY 10019

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