
Bridgewater Grows More Bullish on China Stocks After 14% Return
Bridgewater's onshore China unit said in its second-quarter investor letter that its view as of June 30 on Chinese equities is 'moderately increase' relative to the All Weather strategic allocations, citing policy support and relatively low valuations.
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22 minutes ago
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Trump says semiconductors will face 100% tariff unless companies build in US
President Trump said that he will implement a 100% tariff on semiconductors manufactured overseas unless the companies have committed to build in the US. Trump made the announcement during a press event in the Oval Office alongside Apple (AAPL) CEO Tim Cook who was onhand to unveil an additional $100 billion investment in research and manufacturing in the US. "The good news for companies like Apple is, if you're building in the United States, or have committed to build, without question, commited to build in the United States, there will be no charge," Trump said. The semiconductor tariff is a part of the Trump administration's Section 232 national security investigation into chip manufacturing. According to Trump, if a company says it will build in the US, but doesn't, they will once again face tariffs as well as back tariffs. The tech industry has been waiting on tenterhooks to find out what semiconductor tariffs would look like, and whether they would apply to individual semiconductors or to chips built into devices. Additional tariffs could drive up the price of everything from smartphones and laptops to home electornics and more. Apple also is also expected to dodge Trump's newest tariffs on India, which could reach as much as 50% in three weeks, with a White House official saying that the company wouldn't have to deal with the bulk of the tariffs. Email Daniel Howley at dhowley@ Follow him on X/Twitter at @DanielHowley. Sign in to access your portfolio
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22 minutes ago
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Lyft (NASDAQ:LYFT) Reports Sales Below Analyst Estimates In Q2 Earnings
Ride sharing service Lyft (NASDAQ: LYFT) missed Wall Street's revenue expectations in Q2 CY2025, but sales rose 10.6% year on year to $1.59 billion. Its GAAP profit of $0.10 per share was significantly above analysts' consensus estimates. Is now the time to buy Lyft? Find out in our full research report. Lyft (LYFT) Q2 CY2025 Highlights: Revenue: $1.59 billion vs analyst estimates of $1.61 billion (10.6% year-on-year growth, 1.5% miss) EPS (GAAP): $0.10 vs analyst estimates of $0.04 (significant beat) Adjusted EBITDA: $129.4 million vs analyst estimates of $124.4 million (8.1% margin, 4.1% beat) EBITDA guidance for Q3 CY2025 is $135 million at the midpoint, in line with analyst expectations Operating Margin: 0.2%, up from -1.9% in the same quarter last year Free Cash Flow Margin: 20.7%, up from 19.4% in the previous quarter Active Riders: 26.1 million, up 2.4 million year on year Market Capitalization: $6.10 billion 'We delivered off-the-charts performance, resulting in our strongest quarter ever,' said Lyft CEO David Risher. Company Overview Founded by Logan Green and John Zimmer as a long-distance intercity carpooling company Zimride, Lyft (NASDAQ: LYFT) operates a ridesharing network in the US and Canada. Revenue Growth A company's long-term sales performance can indicate its overall quality. Any business can experience short-term success, but top-performing ones enjoy sustained growth for years. Luckily, Lyft's sales grew at an impressive 18.2% compounded annual growth rate over the last three years. Its growth beat the average consumer internet company and shows its offerings resonate with customers, a helpful starting point for our analysis. This quarter, Lyft's revenue grew by 10.6% year on year to $1.59 billion but fell short of Wall Street's estimates. Looking ahead, sell-side analysts expect revenue to grow 12.7% over the next 12 months, a deceleration versus the last three years. Despite the slowdown, this projection is above average for the sector and implies the market is baking in some success for its newer products and services. Software is eating the world and there is virtually no industry left that has been untouched by it. That drives increasing demand for tools helping software developers do their jobs, whether it be monitoring critical cloud infrastructure, integrating audio and video functionality, or ensuring smooth content streaming. Click here to access a free report on our 3 favorite stocks to play this generational megatrend. Active Riders User Growth As a gig economy marketplace, Lyft generates revenue growth by expanding the number of services on its platform (e.g. rides, deliveries, freelance jobs) and raising the commission fee from each service provided. Over the last two years, Lyft's active riders, a key performance metric for the company, increased by 10.3% annually to 26.1 million in the latest quarter. This growth rate is solid for a consumer internet business and indicates people are excited about its offerings. In Q2, Lyft added 2.4 million active riders, leading to 10.1% year-on-year growth. The quarterly print isn't too different from its two-year result, suggesting its new initiatives aren't accelerating user growth just yet. Revenue Per User Average revenue per user (ARPU) is a critical metric to track because it measures how much the company earns in transaction fees from each user. This number also informs us about Lyft's take rate, which represents its pricing leverage over the ecosystem, or "cut" from each transaction. Lyft's ARPU growth has been excellent over the last two years, averaging 9.3%. Its ability to increase monetization while growing its active riders at such a fast rate reflects the strength of its platform, as its users are spending significantly more than last year. This quarter, Lyft's ARPU clocked in at $60.85. It was flat year on year, worse than the change in its active riders. Key Takeaways from Lyft's Q2 Results We enjoyed seeing Lyft beat analysts' EBITDA expectations this quarter. We were also glad it expanded its number of users. On the other hand, its revenue slightly missed. Overall, this was a weaker quarter. The stock traded down 3.8% to $13.50 immediately after reporting. So should you invest in Lyft right now? What happened in the latest quarter matters, but not as much as longer-term business quality and valuation, when deciding whether to invest in this stock. We cover that in our actionable full research report which you can read here, it's free. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22 minutes ago
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Uber's $20B Buyback Shocker Can't Stop the Slide--Here's What Went Wrong
Uber (NYSE:UBER) just dropped 2.23% at 11.24amand not because the numbers were bad. Quite the opposite. The company posted a record $2.12 billion in adjusted earnings last quarter and beat Wall Street estimates on total gross bookings, which hit $46.8 billion. Its delivery business came in strong across the US, Canada, Australia, and Mexico, with management highlighting cross-platform growth and a 60% jump in Uber One subscribers. But the rideshare unitthe heart of Uber's modelmissed slightly, and that was enough to rattle investors after a 48% year-to-date rally. Warning! GuruFocus has detected 6 Warning Sign with UBER. Uber's management tried to keep the optimism flowing. They raised third-quarter guidance, projecting bookings between $48.25 billion and $49.75 billionwell above consensusand announced a new $20 billion buyback on top of the $3 billion still unused from a previous authorization. CEO Dara Khosrowshahi pointed to growing user engagement, a $10 billion delivery run-rate coming from inside the rides app, and efforts to make rides more affordable through pooled trips and monthly passes. But in this market, almost good enough doesn't always cut itespecially when the rideshare growth engine stalls, even temporarily. Behind the scenes, Uber is placing long-term bets on autonomous vehicles. It's already partnered with 20 players across rides, delivery, and freightincluding Waymoand it's laying the groundwork to finance future robotaxi fleets with third-party capital. CFO Prashanth Mahendra-Rajah says Uber will test how much revenue each autonomous vehicle can actually generate before scaling. The company may even invest in real estate, depots, and vehicles to speed up learning. For now, it's early daysbut Uber sees its ability to self-fund and de-risk AV adoption as a strategic edge that could reshape its economics down the line. This article first appeared on GuruFocus.