Trending tickers: Uber, Entain, LVMH, Dmart

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Uber (UBER)

Ride hailing app Uber's stock headed to all-time highs on Friday, with a boost of 10.8% in US trading hours following Tesla's (TSLA) robotaxi event.

Jeffries' analysts tipped Uber for growth, despite the potential competition from Elon Musk's driverless cars. Broadly, analysts cast doubt on the viability of Tesla's autonomous driving technology and its development. They said there is a lack of "verifiable evidence of progress toward L3 autonomous technology."

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This fed through to the fact that taxis will need human drivers for the foreseeable future — and even if autonomous tech does hit the road soon, vendors will be looking to partner with established ride hailing companies such as Uber.

Jefferies reiterated a Buy rating for Uber and set a price target of $100. That indicates a potential upside of 28% from current trading levels.

Entain (ENT.L)

UK-listed gambling stocks headed into the red on Monday, with Coral and Ladbrokes owner Entain down 14.6% at the time of writing following a report in The Guardian that the government is considering ramping up taxes on the industry by as much as £3bn.

Industry peer Rank Group (RNK.L), which runs Grosvenor casinos, also dipped 6.4% and Paddy Power owner Flutter (FLTR.L) was down 7.5%.

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The UK Treasury is said to be looking seriously at implementing proposals by two think tanks which suggest doubling the tax on some online casinos and bookies. While no decision has been made, it could be included in the upcoming Autumn budget, the report said.

LVMH (MC.PA)

Louis Vuitton and Dior owner LVMH stock was trading 2.9% lower on Monday, as investors look to its quarterly results on Tuesday. Its stock is now down more than 12% for the year-to-date.

Shares fell last week, after China decided to impose tariffs of as much as 39% on imports of European brandy, taking effect from Friday 11 October. This impacted the shares of French companies, including LVMH, which owns the cognac brand Hennessy.

Aarin Chiekrie, equity analyst at Hargreaves Lansdown, said that the company's growth had "come off the boil in recent quarters, as tough economic conditions have even seen some luxury shoppers controlling their budgets a bit more".

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However, he highlighted that LVMH's organic revenue positive territory, up 2% to €41.7bn (£34.9bn/$45.6bn) in the first half. Chiekrie pointed out that sales in Asia made up almost a third of that total, of which Chinese consumers account for a significant proportion.