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In its Q2 earnings report yesterday, Uber offered the first comprehensive picture of how the Pandemic impacted its business model. Overall revenues fell by 29% but were still slightly better than expected. Actually, it was a tale of two businesses for Uber. On one-hand, ride-share bookings collapsed by 73% annually. On the other hand, Uber Eats bookings were up 113% last quarter, pushing revenues to $1.2 billion and thus ahead of its ride-sharing business for the first time. Will we see some mean-reversion in Q3? The bull case for Uber ride-sharing is that subway-wary travelers will opt for Uber rides. But given the recent uptick in Covid cases, customers might continue to stay at home and thus boost Uber Eats numbers. Hence the acquisition of Postmates in July for $2.7 billion.  The stock (UBER) is down 3% pre-market.   

The Proshares Petcare ETF (PAWZ) just hit an all time high with a YTD gain of almost 30%. It is the first and only dedicated pet care and retail ETF. Almost 67% of families in US have pets and the trend has been accelerated by the pandemic as more families and seniors are looking to pets as a companion. From 2013 to 2018 even while annual incomes increased by 23% pet spending increased by 50%. With Global Pet industry sales forecasted to grow even further PAWZ is good bet to capitalize on this trend - source: www.etf.com, www.worldoutofwhack.com

US. President Donald Trump has unveiled sweeping bans on U.S. transactions with the Chinese owners of messaging app WeChat and video-sharing app TikTok, escalating a high-stakes confrontation with Beijing over the future of the global tech industry. The executive orders announced Thursday and effective in 45 days come after the Trump administration this week flagged increased effort to purge "untrusted" Chinese apps from U.S. digital networks, calling Tencent Holdings (HK:0700) WeChat and Bytedance's popular TikTok "significant threats." Tencent is down 6% on heavy volume. Implications could go beyond the WeChat for Tencent, as it is a global player in video games with big stakes in Activision Blizzard and Riot Games - source: The Market Ear.

Below the largest positions held by retail investors trading on Robinhood application (source: Robintrack) 

Apple's price to sales ratio is surpassing the prior high from December 2007 (source: The Market Ear)