“It’s never too late to retire early”
Three reasons to avoid food delivery stocks
Shares of the DoorDash start-up jumped 86% on its IPO day. The surge comes as restaurant delivery apps have been among the big winners during the pandemic and amide speculation of a broader bubble in tech stocks.
At a valuation of double that of well-established restaurant chains, it seems hard to justify DoorDash’s market cap. The company is still unprofitable, even as its experienced significant tailwinds from the pandemic. Beyond valuation concerns, there are several other reasons to avoid food delivery stocks.
These single-day gains are insane – see for yourself
INTRODUCING… the Win-Both-Ways Trade
When I left the Chicago Board Options Exchange years ago…
I brought the top strategies with me and went to work for everyday investors.
My first 3,765 trade recommendations averaged a 12.7% gain every three days…
12.7% – every three days – that’s what Goldman Sachs hopes to achieve every THREE YEARS.
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Than my lifetime mark.
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See why I’m calling this technique “the Win-Both-Ways Trade.”And why Charles Schwab is calling it “a breakout strategy.”
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