The Harsh Bottom Line Is That Uber and Sears Are Still in Horrific Shape

 | Jun 01, 2017 | 8:15 AM EDT
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I am feeling volatile at this point in the week, so here is a dose of bluntness: Uber and Sears Holdings Corp. (SHLD) are just not in good shape.

For all the Uber fanboys out there saying the ride-hailing company deserves its insane valuation: Did you see the quarter the company reported? TheStreet sure did, and broke it down very nicely.

Uber continues to lose money, no matter if the trend is ever so slowly starting to improve vs. the prior year. Given the talent exodus at Uber and the likelihood it will need to raise more cash from somewhere, there remains serious concern on its longer term future. In many respects, it has much in common with Snap   (SNAP) -- time to prove the business model can make money, and lots of it.

Uber, for its part, told TheStreet its business is healthy. 

Sears is dying.

Then there is Sears, a company that is dying from the inside out. The company's hack (see below) that it revealed at damn near midnight on Wednesday is one of many, many problems for the retailer. As TheStreet has reported, the company is quickly running out of cash. It's possible Sears investors have an even uglier June than most think, as the company struggles to find sources of cash to stay alive.

Have a great Thursday.

Read This Or Lose Out

Amazon is simply amazing: It's almost laughable how strong Amazon (AMZN) is right now. The digital beast remains the most popular retailer in the U.S. according to new data reported by TheStreet. J.C Penney (JCP) should be embarrassed by the findings.

Speaking of embarrassing: As the TheStreet reported when news broke just past midnight, Sears Holdings Corp. (SHLD) was the victim of a hack at its Kmart chain. This is the last thing the dying retailer needs -- it will likely further erode consumer confidence in both of the company's ailing brands. 

Winner: Walmart (WMT) and of course, Amazon.

Fascinating speech: The widow of late Apple (AAPL) founder Steve Jobs gave a very insightful speech at Recode late Wednesday night, TheStreet reports. All in all, it sounded like a good first meeting between Laurene Powell Jobs and President Trump.

Laurene Powell Jobs discusses immigration, education in interview

— iPhone News (@iPhone_News) June 1, 2017

If you trade stocks: As always, an in-depth read by TheStreet's top markets columnist Stephen Guilfoyle. Of particular worry should be the rising amount of bad macro news coming from China. Further, with JP Morgan (JPM) shocking bank stocks on Wednesday with comments on bad trading revenue in May, names such as Wells Fargo (WFC) and Citigroup (C) will be in focus today as they present at Sanford Bernstein.

Apple, Wells Fargo and Citigroup is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells AAPL, WFC, C? Learn more now .


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