3 ETFs To Order Out With If Uber Buys GrubHuber
Portfolio Pulse from ETF Professor
Uber is rumored to be considering acquiring GrubHub, causing GrubHub's shares to jump. This potential acquisition has implications for ETFs with significant GrubHub exposure, such as ONLN, CLIX, and IBUY, which have seen positive performance despite market selloffs.
May 13, 2020 | 10:57 am
News sentiment analysis
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POSITIVE IMPACT
The ProShares Long Online/Short Stores ETF, with notable GrubHub exposure, reached a record high. The ETF's strategy aligns with the e-commerce boom, benefiting from the Uber/GrubHub news.
CLIX's exposure to GrubHub and its strategy of capitalizing on the e-commerce trend position it to benefit from the potential Uber acquisition. The ETF's record high indicates positive market sentiment.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
GrubHub shares surged nearly 29% due to rumors of a potential acquisition by Uber. This news significantly impacts GrubHub's stock price in the short term.
The potential acquisition by Uber is a major development for GrubHub, leading to a significant increase in its stock price. The market is reacting positively to the news, anticipating synergies between GrubHub and Uber Eats.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
The Amplify Online Retail ETF, with exposure to both GrubHub and Uber, hit a record high. The ETF benefits from the online shopping boom and the potential Uber/GrubHub deal.
IBUY's exposure to GrubHub and Uber positions it to benefit from the potential acquisition. The ETF's record high reflects positive market sentiment towards the online retail sector and the potential deal.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 65
POSITIVE IMPACT
The Proshares Online Retail ETF, with the largest GrubHub weight, saw modest gains despite a market selloff. The ETF benefits from the potential Uber/GrubHub deal but remains strong even if talks fail.
ONLN's significant exposure to GrubHub positions it to benefit from the potential acquisition by Uber. The ETF's performance remains strong, indicating resilience even if the deal doesn't materialize.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 70
POSITIVE IMPACT
Uber is reportedly considering acquiring GrubHub, which could create synergies with Uber Eats. However, negotiations are ongoing, and Uber is hesitant about GrubHub's stock exchange request.
Uber's potential acquisition of GrubHub could enhance its food delivery service, Uber Eats. However, the deal's completion is uncertain due to ongoing negotiations over stock exchange terms.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90