Uber Uber, Lyft profit – What you need to know in the coming week

The IPO market has caught fire and one of the big names might be about to join the party.

<p class = "web-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "After much anticipation, Uber should do its long-awaited debut on the public market on Friday. & nbsp;The carpool giant should offer prices ranging from 44 to 50 dollars., compared to the previous range, between 48 and 50 dollars per share. In the upper bracket of the new range, Uber would have a valuation of about $ 90 billion on a fully diluted basis. "Data-reactid =" 16 "> After much anticipation, Uber should make its long-awaited debut on the public market.The cable giant should offer prices ranging from 44 to 50 dollars per share, against 44 to $ 50 a year.In the top of the new range, Uber would have a valuation of about $ 90 billion fully diluted base.

<p class = "web-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The IPO of Uber follows that of his main rival, Lyft (LYFT) IPO on March 29th. However, the road has not been smooth since the Lyft IPO. After setting the price of his shares at $ 72 and open at $ 87.24, the action struggles to regain its footing. Lyft's problems have made investors hesitant to participate in the IPO of Uber, especially because the two companies are not profitable. "Data-reactid =" 17 "> The IPO of Uber arose in the wake of the IPO of its main rival Lyft (LYFT) on March 29. Since Lyft was valued at $ 72 and open at $ 87.24, the stock was trying to pull itself together and investors were reluctant to embark on the Uber IPO., mostly because that both companies are not profitable.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "As other companies do not to publish the cover on Uber Wedbush initiated the coverage of the company on Wednesday and awarded it the Outperform rating with a target price of $ 65 over 12 months.With a very colorful and descriptive language, the company compared Uber to Amazon (AMZN) and even suggested adding it to the acronym "FAANG". "Data-reactid =" 18 "> While other companies refrain from publishing their covers on Uber, Wedbush initiated the company's coverage on Wednesday and awarded it the Outperform rating with a price target from $ 65 over 12 months, with a very colorful and descriptive language, the company compared Uber to Amazon (AMZN) and even suggested adding it to the acronym "FAANG".

"The car pooling industry has become one of the most transformational growth sectors in the consumer market over the past five years. Uber has established itself as the leading player and, in our view, is opening the same path to what Amazon has done to transform the retail / e-commerce and Facebook have done for social media, "wrote Wedbush in a note. "Uber is one of the most transformative companies in the world because it has essentially changed the nature of transportation in the world."

As Uber prepares to hit the market, rival Lyft will release its first earnings report since its IPO. On Tuesday, after the market closes, investors will have a glimpse of Lyft's financial health since becoming a stockbroker. Analysts surveyed by Bloomberg expect Lyft to announce an adjusted loss of earnings of $ 17.12 per share on a $ 736.50 million business figure.

The winning season is coming to an end, and this week will be a little calmer. Investors will be watching some big names such as Disney, Papa John's, Anheuser-Busch Inbev, Roku, Marriott and Viacom.

Meanwhile, the economic calendar remains light this week with the exception of the key CPI data that will be released on Friday. CPI data, a key indicator of inflation, will play an even more critical role for market participants following the Federal Open Market Committee (FOMC) meeting last week.

"Inflation has been disappointing in recent months. The Fed noted that transitional factors have kept price pressures at its last meeting. We agree with this assessment and consider that the recent weakness is due to disproportionate movements in certain categories, "Credit Suisse wrote in a note to customers on Thursday. "Excluding these idiosyncratic movements, the underlying trend of inflation has not really deteriorated and we expect a slight acceleration of monthly inflation statements in the coming months."

According to data compiled by Bloomberg, economists expect a 0.2% increase in core CPI from March and 2.1% from last year.

Earnings calendar

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<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Tuesday: Allergan (AGN), Anheuser-Busch Inbev (BUD), Crocs (CROX), Mylan (MYL), Regeneron (REGN) before the opening of the market; Electronic Arts (EA), Lyft (LYFT), Match Group (MTCH), Papa Johns (PZZA), TripAdvisor (TRIP), Wingstop (WING) after the close of the market "data-reactid =" 27 ">Tuesday: Allergan (AGN), Anheuser-Busch Inbev (BUD), Crocs (CROX), Mylan (MYL), Regeneron (REGN) before market opening; Electronic Arts (EA), Lyft (LYFT), Match Group (MTCH), Papa John's (PZZA), TripAdvisor (TRIP), Wingstop (WING) after the close of the markets

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Wednesday: Chesapeake Energy (CHK), Coty (COTY), Honda Motor (HMC), Wendy's (MAGNIFYING GLASS) before the opening of the market; ANGI Homeservices (Angi), Etsy (ETSY), IAC / InterActiveCorp (IAC), Roku (ROKU), Disney (DIS) after the close of the market "data-reactid =" 28 ">Wednesday: Chesapeake Energy (CHK), Coty (COTY), Honda Motor (HMC), Wendy's (WEN) before market opening; ANGI Homeservices (ANGI), Etsy (ETSY), IAC / InterActiveCorp (IAC), Roku (ROKU), Disney (DIS) after the close of the markets

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Thursday: Cronos Group (CRON), Norweigen Cruise Line (NCLH) before the opening of the market; Reservation fund (BKNG), Dropbox (DBX), Go Pro (GPRO), His bone (SO NO), Yelp (yap), Zillow (ZG) after the closure of the "data-reactid =" 29 ">Thursday: Cronos Group (CRON), Norweigen Cruise Line (NCLH) before the opening of the market; Booking Holdings (BKNG), Dropbox (DBX), GoPro (GPRO), Sonos (SONO), Yelp (YELP), Zillow (ZG) after the close of markets

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Friday: JD.com (JD), Marriott International (TUE), Tribune Media (TRCO), Viacom (VIAB) before the opening of the "data-reactid =" 30 "> marketFriday: JD.com (JD), Marriott International (MAR), Media Tribune (TRCO), Viacom (VIAB) before the market opening

Economic calendar

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "On Monday: N / A "data-reactid =" 32 ">On Monday: N / A

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Tuesday: JOLTS jobs, March (7350 planned, 7087 before) "data-reactid =" 33 ">Tuesday: JOLTS jobs, March (7350 planned, 7087 before)

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Wednesday: MBA mortgage applications, week ending May 3rd (-4.3% before) "data-reactid =" 34 ">Wednesday: MBA mortgage applications, week ending May 3rd (-4.3% before)

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Thursday: Final demand in months, April, PPI (0.2% expected, 0.6% previously); Initial applications for unemployment, week ended May 4th (220,000 planned, 230,000 previously); PPI excluding food and energy, month on month, April (0.2% forecast, 0.3% previously); Compensation claims continued, week ended April 27 ($ 1.671 million before); PPI final demand year-on-year, April 2.4% expected, 2.2% previously); March trade balance (- $ 51.3 billion forecast, – $ 49.4 billion previously); Bloomberg Consumer Comfort, week ended May 5 (60.4 before); Stocks of big month on month, March (0.0% before) "data-reactid =" 35 ">Thursday: Final demand in months, April, PPI (0.2% expected, 0.6% previously); Initial applications for unemployment, week ended May 4th (220,000 planned, 230,000 previously); PPI excluding food and energy, month on month, April (0.2% forecast, 0.3% previously); Compensation claims continued, week ended April 27 ($ 1.671 million before); PPI final demand year-on-year, April 2.4% expected, 2.2% previously); March trade balance (- $ 51.3 billion forecast, – $ 49.4 billion previously); Bloomberg Consumer Comfort, week ended May 5 (60.4 before); Wholesale stocks month after month, March (0.0% before)

The story continues