CNBC’s Jim Cramer on Monday gave investors his take on four major stocks in the gig economy sector.
CNBC's Jim Cramer on Monday provided his take on four major stocks in the gig economy sector: Uber, Lyft, DoorDash and Instacart parent Maplebear.
"After hearing from all of these companies, what I see is a confusing situation: Uber, DoorDash and Instacart are all lower after earnings, while Lyft managed to gain a bit of ground," he said."But the reality's a lot more complicated than that.""After hearing from all of these companies, what I see is a confusing situation: Uber, DoorDash and Instacart are all lower after earnings, while Lyft managed to gain a bit of ground," he said.
no longer steadily losing share to Uber, and shares jumped after earnings. Cramer said he is pleased with how CEO David Risher is managing the company's turnaround, saying he's optimistic the stock can continue to perform well.Cramer said DoorDash's quarter was decent, but weakened guidance sent its stock plunging. He indicated that the food delivery service"deserves the benefit of the doubt" as it spends money to grow business.
Although he was impressed with Maplebear's recent quarterly report, Cramer said he's hesitant to recommend the stock because he's not sure how the grocery delivery landscape will look in the long run.continues to try to gain dominance in this sector, he said, adding that it's not necessarily a good idea to compete with the tech behemoth.Baltimore Key Bridge Collapse
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mass. trial over whether Uber, Lyft drivers are independent contractors begins MondayHigh-powered attorneys for Massachusetts, Uber and Lyft will argue over whether rideshare drivers can be classified as independent contractors in a trial set to begin Monday.
Read more »
Side gig: Former Tennessee school official used work vehicle for Uber, Lyft & Door DashEaves was hired as transportation director for Hamilton County Schools back in March of 2017.
Read more »
Stocks making the biggest moves midday: Uber, Intel, Lyft, Shopify, Rivian and moreThese are the stocks posting the largest moves in midday trading.
Read more »
Jim Cramer shares his thoughts on Shopify, Reddit, Uber, Arista Networks and Dutch BrosCNBC's Jim Cramer on Wednesday weighed in on the stocks of Shopify, Reddit and more companies that just reported earnings.
Read more »
Cramer's week ahead: Earnings from Disney, Uber and Warner Bros. DiscoveryCNBC's Jim Cramer on Friday guided investors through an earnings-packed week on Wall Street.
Read more »
Cramer's week ahead: Earnings from Disney, Uber and Warner Bros. DiscoveryCNBC’s Jim Cramer on Friday guided investors through an earnings-packed week on Wall Street.
Read more »