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OptionsDesk's Sebastian Blanco joined Proactive's Stephen Gunnion with a preview of quarterly earnings on Wednesday from Uber and PayPal.

Following a strong rise in Uber's share price last year, Blanco said meeting expectations won't be enough for Uber; unless it beats expectations its shares could come under pressure.

PayPal's shares are down over the past year as it faces increasing competition in the payments space and investors will watch its results keenly to see how it is addressing this.

Blanco also commented in a surge in BP's share price after it released better-than-expected profits and details of a significant share buyback program.

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