To The Moon

Ceasefire truce between Israel and Iran continued to fuel US market rally on Tue, 24 Jun 2025, despite subsequent reporting that both Israel and Iran have continued to shell each other.

This made Trump looked “ineffective” as he had brokered the deal and bitched about his unhappiness on social media platform. (see below)

Still, market continued with the rally it wanted, helped by falling oil prices.

Not even a weaker-than-expected Consumer confidence report managed to dampen market sentiments. (more on this later)

When 4pm came around:

• DJIA: +1.19% (+507.24 to 43,089.02).

• S&P 500: +1.11% (+67.01 to 6,092.18). Posted 19 new 52-week highs and no new lows.

• Nasdaq: +1.43% (+281.56 to 19,912.53). 3,423 stocks rose and 1,046 fell as advancers outnumbered decliners by a 3.27-to-1 ratio.

Trading volume was 16.94 billion shares, a shade lower when compared to 18.12 billion average, based on last 20 trading days.

Consumer Confidence (preliminary).

Tuesday also saw the release of US Consumer confidence (preliminary) report for June 2025. (see above)

The index has dropped -5.4 points to “93.0” for June, erasing nearly 50% of the surprised 12.7 points gains in May 2025. Economists polled by Reuters had even forecasted the index increasing to 100.0.

Just to note, the cutoff date for this preliminary reporting was 18 June 2025, just before US attacked Iran on Sat, 21 Jun 2025.

Had the report been generated after the attack, the fall could have been more pronounced.

Looking at the data in a different paradigm, share of consumers who viewed jobs as being "plentiful" fell to 29.2%, the lowest since March 2021, from 31.1% just a month ago. (see above)

Some 18.1% of consumers said jobs were "hard to get" down from May’s 18.4%.

Job Confidence report

The survey's so-called labour market differential, (derived from data based on respondents' views on whether jobs are “plentiful” minus “hard to get”), narrowed to a 4-year low of 11.1 from May’s 12.7.

The Coat Tail Ride.

On Sun, 22 Jun 2025, $Tesla Motors(TSLA)$ pressed on with its robotaxi launch, despite all the hurdles encountered.

On Mon, 23 Jun 2025, the EV maker was amply rewarded when its stock skyrocketed by +8.22% to close at $348.68 per share.

On Tue, 24 Jun 2025, Tesla gave up some of the profits when it pulled back by -2.35% ending the day at $340.47 per share. (see above)

Just out. For May 2025, Tesla’ EU sales continue to slump for a 5th month, falling -27.9% YoY and its share of the EU market dropped to just 1.2%, down by -0.6% YoY.

This as fully-EV sales in EU region jumped +27.2%, with Tesla's revised Model Y yet to show signs of reviving the brand's fortunes.

With June drawing to a close by next Mon, 30 Jun 2025 — what are the odds that Tesla will continue to hand in a weaker-than-expected quarterly earnings in July.

In contrast, while TSLA consolidated, $Uber(UBER)$ continued to push ahead.

On Tuesday, Uber rose by another +7.52% to cap the 4th day gain at $91.65 per share. (see above)

With Uber trading near its 52-week high of $92.48, this is one transportation service provider that investors may be eying for more upside.

This comes amid hopes of a full Israel-Iran truce and Fed Chair Powell’s testimony to Congress that interest rates could be cut sooner rather than later.

According to analysts - Uber’s spike :

• Based on announcement that the ride-hailing platform will expand its fully autonomous robotaxi to more US cities.

• Expanding to Atlanta and offering robotaxi services in both, Phoenix and Austin.

• Through its partnership with $Alphabet(GOOG)$ wholly owned subsidiary Waymo.

• Uber’s use of Waymo’s autonomous driving features that are integrated in the Jaguar Land Rover I-Pace electric SUV.

Using I-Pace has helped Uber grow and improve its brand equity.

With Waymo providing the auto-drive technology, Uber avoided the upfront capital investment / burden.

Outlook.

According to Zacks Investment Research, Uber’s financial outlook:

• Uber’s total sales are expected to grow +15% in both fiscal 2025 and 2026, reaching close to $60 billion.

• After a 2024 record year, Uber’s earnings per share (EPS) are projected to fall to $2.90 (in 2025) from $4.56 in 2024 (based off $9.86 billion net income).

• EPS is forecast to rebound in 2026, rising +22% to $3.53.

Currently, Uber’s stock price is not much higher than S&P 500’s forward P/E average at 29.4x earnings.

To Buy or Not To Buy ?

As mentioned, Uber has had an exceptional performance YTD at 45.08% (as of 24 Jun 2025).

For existing shareholders, it pays to “Hold” Uber given US market’s bullish sentiments.

New investors would be better served to wait for a price drop before entering.

Do check out my other posts. (See below). Help to Repost ok, Thanks.

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• Red Chips BABA, BYD, TCEHY are "In" says GS. Sure ? Wed, 25 June. Picked post.

• TSLA soars in US Market rally ! Now what ? Tue, 24 June. Picked post.

• MP Materials ($MP) : Reclaiming its Peak ! Tue, 24 June. Picked post.

• Do you think Israel- Iran cease fire will persists OR will it erupt again ’?

• Do you think Uber is the best transport service providers ?

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