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Barchart
Barchart
Amit Singh

Up 25% YTD, This ‘Strong Buy’ Stock Has More Room to Run

Uber Uber One

The stock market has experienced significant volatility this year, largely driven by macroeconomic uncertainties and global trade tensions. President Donald Trump’s imposition of substantial tariffs on Canada, Mexico, and China has exacerbated investors’ concerns about potential economic repercussions, contributing to declines across major indices.

Amidst these broader concerns, Uber Technologies (UBER) has emerged as one of the top performers within the S&P 500 Index ($SPX), with its stock gaining approximately 24% year-to-date. Uber, known for its dominance in ride-hailing and expanding presence in food and grocery delivery, is navigating macro concerns well and outpacing the broader market. Additionally, billionaire investor Bill Ackman’s revelation of a more-than-$2 billion investment in Uber stock further propelled its share price.

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