UBER Earnings Reaction - Market Analysis for Feb 4th, 2026

Economic Data:  ADP Monthly Employment gained 22,000 versus 45,000 expected, and 37,000 in December, suggesting that the labor market remains relatively weak, which plays into Trump, Bessent, and Warsh's insistence that interest rates should be lower...

UBER Earnings Reaction:  UBER reported mixed results that initially pressed the stock to a pre-market spike-low at 69.50 from yesterday's close at 77.93 (-11%), where buyers swooped in to propel UBER above unchanged.

Technically, my attached Daily Chart shows that the initial down-spike pressed UBER below its dominant 3-year up trendline that cuts across the price axis in the vicinity of 74.20 today, but buyers have reversed the weakness, recovering well-above the trendline to a pre-market high at 80.40. As we speak, UBER is trading at 80.00. 

UBER has the right look so far in pre-market trading of a potentially significant Upside Reversal, especially if UBER closes above yesterday's high at 80.68, which will indicate today's weakness represented downside exhaustion from the ATH at 101.99 on 9/22/25. Additionally, a climb above 81.50 will be a very bullish omen, and will trigger a near-term follow-through upside projection to 89-90... 

In the absence of a close above 80.68, or in positive territory above yesterday's close at 77.93, pullback weakness needs to find support in and around the multi-year up trendline at 74.00 to preserve the bull trend.