Stock vs Stock

What do Wall St traders do when the market is closed for Labour Day? Fire up their keyboards and go to war on X. This week, the great debate was Uber ($UBER) vs Tesla ($TSLA). 

It kicked off after Tesla’s Cybercab launch left analysts with more questions than answers. The steering-wheel free autonomous vehicle is already under investigation by federal safety regulators. $TSLA fell 5.9% last Thursday, erasing the gains in its previous session.

Tesla bulls still believe the autonomous mobility market is Elon Musk’s for the taking. Uber bulls say the ride-hailing app with 200 million monthly users has more to gain if self-driving becomes commoditised. 

On paper though, Uber surpassed Tesla in operating profit in Q3 FY25. And that’s despite a valuation gap of US$1.24T between the two.

Results of another contest in the U.S. stock universe came in with this quarter’s index rebalances. The S&P 500’s newest entrants Bloom Energy ($BE), Illumina ($ILMN) and Everpure ($P) rallied after news of the inclusion. On the flip side, The Trade Desk ($TTD) was removed from the index after a 61% YTD drawdown.

Nike ($NKE) got booted from the more exclusive club – the S&P 100, after an 18-year run as one of the top 100 stocks in the U.S. Its replacement is none other than Sandisk ($SNDK), the top performing memory giant that’s rallied 2,300% in a year.

Tech stocks winning 2026 doesn’t really come as a surprise, but healthcare’s run has been more understated. Tenet Healthcare ($THC) and Natera ($NTRA) have been some of the biggest sector-movers. And the Invesco S&P 500 Health Care ETF ($RSPH) is up 22% in three months, outpacing broader market-tracking ETFs like Vanguard’s $VOO which is up just 4% over the same period.

Meanwhile, it was another bad quarter for consumer discretionary names like Wynn Resorts ($WYNN) and Las Vegas Sands ($LVS). If the high-rollers aren’t going to the casino as much, maybe they’re turning to decentralised markets?

The Robinhood ($HOOD) Chain made US$30M in revenue last week, surpassing Coinbase’s ($COIN) Base network revenue by 38x. The bigger tell will be whether this trend continues after Robinhood stops its subsidised gas fees for chain transactions at the end of the month.

A final head-to-head will be the earnings reactions to Adobe ($ADBE) and Oracle ($ORCL) after market close on Thursday. They might operate in different software niches, but neither has room for a soft quarter.

Even in a shorter trading week, there’s been plenty of showdowns on Wall St.

This is not financial advice nor a recommendation to invest in any of the securities listed. The information presented is for general information purposes only and intended to be of a factual nature only. Past performance and forecasts are not a reliable indicator of future performance. The value of your investments can go down as well as up and you may receive back less than your original investment. The author of this article and other employees of Stakeshop Pty Ltd may hold positions or have financial interests in the company (or companies) discussed above. As always, do your own research and consider seeking financial, legal and taxation advice before investing.

Samy Sriram

Markets Analyst

Samy is a markets analyst at Stake, with seven years of experience in the world of investing, working across roles in private banking, venture capital and financial media. She has a Master’s degree in Finance and Data Analytics from The University of Sydney Business School.