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UBER reported an excellent 4Q22 before the market opened on Wednesday and shares rose 5.32% on the day as you can see in the chart above. However, note that shares of LYFT fell 6.58% on the day. What does it mean? It means the market is betting that UBER’s results are not about the overall ride-hailing market but company-specific. That is, the market is betting that UBER is crushing LYFT – and I think it’s right. Therefore, I’m fading LYFT heading into its 4Q22 earnings report this afternoon – and you might want to too.

#earnings for the week https://t.co/lObOE0dgsr $ENPH $PYPL $ON $UBER $DIS $TSN $RCL $CVS $PINS $BP $ATVI $CMI $PEP $ABBV $CMG $TTWO $NBIX $CNA $IDXX $AMG $NET $ENR $CG $FTNT $RTCO $HTZ $AFRM $ALCO $TKR $CGC $APPS $HOOD $WEN $AGCO $CNC $NSSC $LYFT $SWKS $D $ZI $J $SAVE $YUM pic.twitter.com/Wt5wz7vyZf

— Earnings Whispers (@eWhispers) February 4, 2023

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