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Investing Insights

Cheap Stocks For You to Consider

Investing Insights

Morningstar, Ivanna Hampton, Sarah Hansen

Bonds, Stocks, Analysis, Advice, Trading, Funds, News, Investment, Morningstar, Entrepreneurship, Mutual, Ideas, Etfs, Finance, Investing, Business, Economic, Independent, Christine Benz

4.2539 Ratings

🗓️ 11 November 2022

⏱️ 16 minutes

🧾️ Download transcript

Summary

With markets so cheap right now, where should you invest? Starbucks and Uber are both undervalued – plus, many workers are worried with news of layoffs, how should you control your emotions? Find out how in this week’s episode.

Transcript

Click on a timestamp to play from that location

0:00.0

Please stay tuned for important disclosure information at the conclusion of this episode.

0:05.0

Can Uber lift your portfolio?

0:08.0

With all these layoffs, how can you disaster-proof your financial situation?

0:13.0

And what should investors watch after the midterm election?

0:17.0

This is Investing Insights.

0:19.0

Welcome to the new Investing Insights.

0:24.6

Welcome to the new Investing Insights. I'm your host, Ruth Saldana.

0:26.6

Let's get started with a look at your Morning Star headlines.

0:30.6

Uber delivered impressive third quarter results,

0:33.6

led by significant growth in bookings, new hires and delivery.

0:38.3

All of this generated free cash flow.

0:41.3

Uber also had positive adjusted abitter, which is a widely used measure of corporate profitability.

0:48.3

Year over year, ridership was up 26%.

0:52.3

The number of drivers jumped 38% while Uber's delivery service grew 7%. The number of users,

1:01.0

total requests and frequency were also up significantly from last year. All these improvements

1:08.1

led management to forecast higher demand in the fourth quarter.

1:12.6

Uber did face some foreign currency headwinds, which partially offset the overall strong demand.

1:18.6

Right now, we are maintaining our $73 estimate of what we think the stock is worth, and we consider the shares attractive.

1:26.6

Involuntarily, losing a job can be one of the

1:30.0

most traumatic and painful economic shocks that a person can face. It's a hit that can take a toll

1:37.0

on one's emotional, social, professional, and yes, financial life. Morningstar's director of financial

1:44.0

psychology, Sarah Newcomb,

...

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