Name: Calls of the Day: Uber, Netflix and Disney
Uploaded: 2026-01-05T18:42:52+00:00
Duration: 415 s

Speakers

Joe Terranova — Senior Managing Director, Virtus Investment Partners

Steve Weiss — Chief Investment Officer, Short Hills Capital Partners

Jim Lebenthal — Partner, Cetera Investment Management

Scott Wapner — Host, CNBC

Summary

The Halftime Report investment committee discussed calls of the day on Uber, Netflix, and Disney. Joe Terranova and Steve Weiss were bearish on Uber, with Terranova citing technical weakness and Weiss pointing to robotaxi competition, while Jim Lebenthal argued Uber trades like a weak software stock. Terranova was also cautious on Netflix, held Spotify, and Jim Lebenthal remained focused on Disney execution over succession risk.

Uber was downgraded to Sell at BofA with a $73 target.
Terranova sold Uber personally due to failed resistance and bearish technical risk.
Weiss sees Uber's story changed by robotaxi competition and is likely to sell.
Lebenthal says Uber is trading like AI/software, not transportation or consumer.
Netflix was downgraded by CFRA; Terranova says it lacks a catalyst and is range-bound.
Terranova owns Spotify and recently tried to add.
Disney was reiterated Buy at BofA; Lebenthal watches execution more than succession.
The committee focused on stock-specific overhangs more than broad market direction.

Ideas

Joe Terranova Senior Managing Director, Virtus Investment Partners 0:53

Uber technicals weak; sold personal stake.

Terranova sold Uber personally because the price action kept failing at resistance between 90 and 95, while analyst sentiment was universally bullish (80% buy ratings and a 12-month target near 118). He sees technical risk of a break below 80 in the first quarter, so he did not want to own it in both his personal account and his ETF.

Steve Weiss Chief Investment Officer, Short Hills Capital Partners 1:36

Uber story changed; likely seller.

Weiss has kept Uber on his sell list and is likely to sell near term. He argues the story has changed because robotaxi competition from Waymo, Tesla, and Baidu removes Uber's scarcity value, and the momentum-driven market is impatient with such overhangs and overvaluation risk.

Jim Lebenthal Partner, Cetera Investment Management 2:39

Uber trades like weak software.

Lebenthal is not in Uber but argues its weakness is better explained by its classification as an AI/software stock rather than a transportation or consumer discretionary stock; that is why it has been 'stinking along with the rest of software.'

Joe Terranova Senior Managing Director, Virtus Investment Partners 5:33

Netflix lacks catalyst; range-bound weak.

Terranova owns Netflix in two places but says it does not look good. He sees no clear fundamental catalyst, notes uncertainty over whether the WBD bid helps, and says the stock is just vacillating between 90 and 95 at the bottom.

Joe Terranova Senior Managing Director, Virtus Investment Partners 5:37

Owns Spotify, recently tried adding more.

Terranova owns Spotify personally and in his ETF and tried to buy more in recent weeks, though the attempted add did not work. The stance is a holding/add-on-pullback view rather than a detailed fundamental thesis.

Jim Lebenthal Partner, Cetera Investment Management 6:24

Disney execution matters more than succession.

Lebenthal owns Disney and downplays succession as the main risk, expecting a co-CEO outcome between Josh D'Amaro and Dana Walden. He sees execution and demand, especially at theme parks but also across streaming and studios, as the bigger issue for the stock.

Calls of the Day: Uber, Netflix and Disney

Summary

Ideas

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