Goldman Sachs added UBER and NCLH to its January conviction list
Shares of Uber Technologies Inc (NYSE:UBER) and Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) are higher on the first day of trading in 2025, after being added to Goldman Sachs "conviction buy" list for January.
Uber stock was last seen up 2.6% at $61.87, taking it's year-over-year lead to 3.6%. UBER boasts an attractive entry point considering it's down 19.5% over the last nine months, with support from the $60 level in place.
Call traders are blasting the ride-share giant following the news. Already 81,000 bullish bets have been placed, which is nearly double the average intraday volume. Most popular is the January 2025 62.50-strike call, followed by the February 55 put.
Norwegian Cruise Line stock was 1.2% higher at $26.05 at last glance, putting it up more than 51% over the last 12 months. On the charts, NCLH just crossed back above its 10-day moving average, which has been a spot of pressure on and off since mid-November.
Both equities boast affordable premium, per their low Schaeffer's Volatility Index (SVI) readings. UBER's SVI of 34% ranks in the 11th percentile of annual readings and NCLH's SVI of 41% stands higher than just 22% of readings from the past 12 months, meaning options traders are pricing in lower-than-usual volatility expectations.