Major firms in the entertainment, exercise, and ride-sharing sectors are expected to reveal how their last quarter went this week. Traders might be anticipating these quarterly earnings releases to get a sense of where Disney, Peloton, Uber, and Lyft are headed in 2022.
Uber announced Q1 earnings yesterday and showed mixed results, with better than expected earnings, but a miss on revenue predictions. Gross bookings, which include both passenger related and food-related orders, were at an all-time high.
In their Q4 2020 earnings release, Uber announced ride-hailing bookings were down by 47% from the same quarter in 2019. However, Uber Eats, the company’s restaurant delivery arm saw bookings rise by 130% for the same period.
Wednesday trading saw US markets climb alongside Biden’s chances of winning. As markets opened, USA500 futures jumped, as well as the US dollar.
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