Uber CEO Makes Moves to Entice Customers to Use All His Services
Welcome to Tech In Depth, our daily newsletter with reporting and analysis about the business of tech from Bloomberg's journalists around the world. Today, Natalie Lung looks at the strategy Uber Chief Executive Officer Dara Khosrowshahi described as the next steps for his company's growth during an appearance at the Bloomberg Tech conference.
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4 hours ago
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The Saturday Spread: Statistical Signals Flash Green for CMG, TMUS and VALE
Here's a question you may have wondered about: if meteorologists frequently provide five-day weather forecasts, how come market analysts (within reason) don't do the same for the equities sector? Granted, human behavior can be irrational at times and black swan events by nature are unpredictable. However, on the whole, humans generally think in predictable manners. At first glance, the problem should be easy to address. When forecasting weather, meteorologists utilize ensemble models, historical simulations and probability distributions. By converting the applications toward the equities space, market analysts can assess the three main factors that meteorologists use for the weather: How to Make a 2.0% Yield with UBER Over the Next Month This Week's Market Momentum: 3 Exceptionally Active Options The Saturday Spread: Statistical Signals Flash Green for CMG, TMUS and VALE Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Define what event they're modeling for Determine when said event might occur. Calculate how likely the event will materialize based on past analogs. Unfortunately, both fundamental and technical analysis runs into a major structural wall when addressing past analogs. In both cases, the measurement metric is non-stationary; that is, the metric changes (often wildly) across time and context. For example, the share price for a hot growth stock may be vastly different from what it was ten years ago and the same can be said about its valuation ratio. With such discrepancies, past analogs are effectively impossible to calculate — unless you impose stationarity on the target dataset. This is the core reason why I've been focused on market breadth, which are sequences of accumulative and distributive sessions. Market breadth is a representation of demand and demand is a binary construct — it's either happening or it's not. As such, it's easily categorizable and quantifiable, thus facilitating probabilistic analysis. Just as importantly, market breadth sequences are falsifiable. Anyone can peer review my work and arrive at the same conclusions. The same cannot be said for certain methodologies, such as interpretive chart patterns in technical analysis. Because of the falsifiability of demand profiles, I'm able to filter out statistically intriguing ideas among hundreds of stocks. Below are three names to watch closely this week. With the closing bell on Friday, Chipotle Mexican Grill (CMG) ended the session up nearly 2%. For the week, the security gained just under 5%, potentially reflecting a sentiment shift. It would be a welcome change of pace. Since the beginning of the year, CMG stock has dropped 12.47%. However, the most intriguing development in my opinion is CMG's quantitative signal. In the past two months, the security printed a 4-6-U sequence: four up weeks, six down weeks, with a net positive trajectory across the 10-week period. This is a rare pattern, materializing only 27 times over the trailing decade. And in 66.67% of cases, the following week's price action results in upside, with a median return of 3.05%. Two circumstances shine a bright light on the above setup. First, CMG stock seems to respond well to positive momentum. While the balance of distributive sessions was greater in the past 10 weeks, the overall trajectory was still northward — and that generally tends to be a bullish sign. Second, as a baseline, the chance that CMG stock will be profitable over any given week is 51.47%. Therefore, long-side speculators are incentivized to consider a debit-based strategy. Aggressive traders may consider the 53/55 bull call spread expiring July 11. Using data from Barchart Premier, the call spread screener effectively identifies the 53/55 spread as arguably the most compelling idea from a risk-reward standpoint. Traders can lower the probabilistic risk to the 51/54 spread; however, doing so dramatically lowers the payout. Right now, T-Mobile US (TMUS) stands at an awkward juncture. TMUS stock started the year auspiciously, at one point gaining about 24% on a year-to-date basis. Since early March, however, the security hasn't looked appetizing, losing roughly 19% of equity value. Still, a quantitative signal suggests that a reversal may be in order. In the past two months, TMUS stock printed a 4-6-D sequence: four up weeks, six down weeks, with a net negative trajectory across the 10-week period. At first glance, the balance of distributive sessions outnumbering accumulative may not seem like a good sign. Nevertheless, in 62% of cases, the following week's price action results in upside, with a median return of 2.48%. On Friday, TMUS stock closed at $221.52. If the implications of the aforementioned sequence pan out as projected, the equity could reach over $227 quite quickly. Should the bulls maintain control of the market, they could drive the price above the $230 level over the next few weeks based on past empirical analogs. Those interested in taking a shot may consider the 220/230 bull call spread expiring July 18. This trade gives you about four weeks for the above thesis to pan out. If TMUS stock rises through the short strike price ($230) at expiration, the maximum payout for this trade clocks in at over 105%. As a metals and mining company, Vale (VALE) commands significant relevance. At the same time, global economic uncertainty — exacerbated by ideological paradigm shifts and now a geopolitical crisis — fundamentally clouds the narrative. On the technical front, VALE stock has gained just over 2% YTD, with the security struggling for traction since early April. Still, those who understand the ebb and flow of the financial markets may be enticed with the mining enterprise. Quantitatively, in the past two months, VALE stock has printed a 3-7-D sequence: three up weeks, seven down weeks, with a negative trajectory across the period. Ordinarily, the balance of distributive sessions grossly outweighing accumulative is a cause for concern. For VALE, it's an invitation to put it on one's radar. In 60.47% of cases when the 3-7-D sequence flashes, the following week's price action results in upside, with a median return of 2.79%. What makes this setup all the more enticing is that, as a baseline, the chance that a long position in VALE stock will rise over any given week is only 49.91%. Statistically, VALE suffers from a slight negative bias. However, the aforementioned sequence tilts the odds in favor of the bullish speculator. Further, should the bulls maintain control, VALE could move toward the $9.50 level over the next few weeks. With the market intelligence above, traders may consider the 9.00/9.50 bull call spread expiring July 11. While there are certainly call spreads with far bigger payouts, the 9.00/9.50 is arguably the most realistic transaction. On the date of publication, Josh Enomoto did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on 登入存取你的投資組合
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4 hours ago
- Engadget
Apple is reportedly considering the acquisition of Perplexity AI
Apple's executives are thinking of acquiring Perplexity AI both to get more talent and to be able to offer an AI-based search engine in the future, according to Bloomberg . Adrian Perica, Apple's head of mergers and acquisitions, has reportedly already talked about the idea with services SVP Eddy Cue and the company's top decision-makers with it comes to its AI efforts. It's early stages, however: Apple has yet to talk to Perplexity about a bid, and the internal talks may not even lead to a formal offer. The executives also reportedly discussed an alternative, wherein instead of buying Perplexity outright, it'll team up with the AI company instead. Either way, the idea is to develop an AI search engine powered by Perplexity and to integrate Perplexity's technology into Siri. While Apple has yet to make a formal offer, Bloomberg says it met several times with Perplexity over the past few months. In May, Cue revealed that Apple discussed a possible Safari-integration with Perplexity while on the stand for Google's ongoing Search antitrust case. Cue took the stand due to Apple's long-standing deal with Google to make its search engine the default on the iPhone. (In turn, Apple gets billions of dollars a year — $18 billion in 2021 — from the arrangement.) Cue didn't share any definitive plans, however, including the possibility of an acquisition. If regulators order Apple to end its partnership with Google, purchasing Perplexity would make it easier for the company to develop an AI-based search engine. In addition, it would allow the company to acquire talent needed to be able to catch up with other companies when it comes to artificial intelligence. Apple, like Meta, has been scouting for new AI talent. Bloomberg says it's even competing against the Facebook owner to hire Daniel Gross, the founder of AI company Safe Superintelligence Inc. The company does seem to need help to be able to release the AI features it wants to provide its users. A few months ago, for instance, Apple delayed the rollout of a more powerful Siri that was a key component of its original pitch for Apple Intelligence.
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8 hours ago
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Russia's Top Oil Executive Says OPEC+ Was Astute to Boost Output
(Bloomberg) -- Steps taken by the OPEC+ group to boost oil supplies have proved astute, given developments in the Middle East conflict, according to Rosneft PJSC Chief Executive Officer Igor Sechin. Security Concerns Hit Some of the World's 'Most Livable Cities' One Architect's Quest to Save Mumbai's Heritage From Disappearing JFK AirTrain Cuts Fares 50% This Summer to Lure Riders Off Roads NYC Congestion Toll Cuts Manhattan Gridlock by 25%, RPA Reports Taser-Maker Axon Triggers a NIMBY Backlash in its Hometown 'The decision by OPEC+ leaders to raise production at accelerated rates appears highly far-sighted today, and from a market perspective, justified, considering consumer interests amid uncertainty about the scale of the conflict between Iran and Israel,' Sechin said at the St. Petersburg International Economic Forum on Saturday. Eight OPEC+ nations have expanded output by more than expected for three consecutive months. They are set to convene on July 6 to consider adding more barrels in August. Saudi Arabia favors further large increases in order to recoup market share as quickly as possible, people familiar with the matter said earlier this month. Sechin, a key ally of President Vladimir Putin, has previously criticized Russia's cooperation with the Organization of the Petroleum Exporting Countries. According to Sechin, Russia was losing market share, while US shale producers were increasing theirs. Rosneft, Russia's biggest oil producer, has based its 2025 business plan on an oil price of $45 per barrel, while the projection for next year is $42 to $43, Sechin said at the forum. The estimates are conservative as the company 'doesn't want to depend on the volatility' that's evident in the oil market currently, he said. It's been a turbulent week in the global oil market, with futures swinging in a range of around $8. Volatility has spiked to the highest since 2022 as Israel and Iran exchanged multiple strikes. Luxury Counterfeiters Keep Outsmarting the Makers of $10,000 Handbags Ken Griffin on Trump, Harvard and Why Novice Investors Won't Beat the Pros Is Mark Cuban the Loudmouth Billionaire that Democrats Need for 2028? The US Has More Copper Than China But No Way to Refine All of It Can 'MAMUWT' Be to Musk What 'TACO' Is to Trump? ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
