U.S. stock futures were steady on Wednesday after Tuesday’s declines. Futures of major benchmark indices were higher.Investors await Nvidia Corp.'s (NASDAQ:NVDA) highly anticipated earnings report on Wednesday. Meanwhile, the minutes of the Fed’s October FOMC meeting will also be released later today. The 10-year Treasury bond yielded 4.12% and the two-year bond was at 3.58%. The CME Group's FedWatch tool‘s projections show markets pricing a 46.6% likelihood of the Federal Reserve cutting the current intere ...

Core Insights - DoorDash Inc. has entered a partnership with Family Dollar, allowing customers to order a variety of products through the DoorDash app, which has positively impacted its stock price [1][2]. Partnership Details - The partnership enables customers to order groceries, household goods, health products, and convenience items from approximately 7,000 Family Dollar stores [2]. - Family Dollar's President emphasized that this collaboration enhances accessibility for families relying on their services [2]. - DoorDash's vice-president highlighted the importance of combining affordability with convenience for customers [2]. Promotions and Payment Options - New customers can receive a 25% discount (up to $12) on orders of $30 or more from Family Dollar through DoorDash until the end of the year using the promo code FDONDD [3]. - Family Dollar products are available through DoorDash's DashPass membership, which offers $0 delivery fees and reduced service fees on eligible orders [3]. - Customers can utilize HSA or FSA debit cards for eligible purchases from Family Dollar on DoorDash [3]. Stock Performance - DoorDash shares have increased by 26.43% year-to-date, with a market capitalization of $91.41 billion [4]. - The stock price has fluctuated between $155.40 and $285.49 over the past year [4]. - As of the last trading session, DASH closed at $212.08, reflecting a 0.68% increase [4].

Core Insights - DoorDash has confirmed a significant data breach affecting personal information of users, Dashers, and merchants, marking the first major breach of the holiday season [1][2] Company Summary - The breach involved the theft of names, phone numbers, physical addresses, and email addresses, but not Social Security numbers or credit card information [2] - DoorDash has not disclosed the number of affected users but stated there is no current indication of data misuse for fraud or identity theft [2] - The breach was caused by an employee falling victim to a social engineering scam, which can include various fraudulent tactics [2][3] - An external firm has been hired by DoorDash to assist in the investigation, and affected users have been notified as required [3] Industry Summary - Experts suggest that while the breach may seem low-level, it poses risks as stolen data can be combined with other information to create synthetic identities [4][5] - The holiday season is particularly vulnerable to scams, with Experian reporting that 31% of consumers fear identity theft during this period [11] - Key concerns for consumers include identity theft (68%) and stolen credit card data (61%), with significant sources of fraud being credit card use at retail stores (26%) and online shopping (22%) [11]

Core Insights - The labor market in America is cooling, with the gig economy absorbing some of the employment strain as traditional payroll growth slows [1][2] - Approximately 20% of individuals who experienced job loss or reduced hours turned to gig platforms for income support [2] - The gig economy is becoming a backstop for workers, with 15% of those classified as unemployed or "not in the labor force" actually engaged in gig work [6] Labor Market Trends - Over 153,000 job cuts were announced in October, marking the worst reading for that month since 2003 [3] - Private employers reported an average loss of 11,250 jobs per week for the four weeks ending October 25, a decline from earlier reports indicating job gains [4] - Companies have announced over 1.1 million layoffs in 2024, a 44% increase compared to the previous year, with significant reductions in tech and retail sectors [5] Gig Economy Dynamics - Gig hours have increased in cities where traditional payroll growth has slowed, indicating that workers are taking on extra shifts to compensate for lost income [2] - Gig workers earn only 50%-65% of what they made in traditional jobs, despite some marginal wage increases due to a decline in immigration [8] - Many gig workers face lower pay, instability, and lack of benefits, leading to a feeling of financial squeeze among Americans [7]

Core Viewpoint - DoorDash, Inc. (NASDAQ:DASH) is identified as a potential stock to watch due to a recent price gap that may lead to a rapid upward movement in its stock price [1]. Group 1: Market Sentiment - There is a phenomenon of buyer remorse among traders who purchased shares around the $280 level in August, leading to a reluctance to hold the stock after a price drop [3]. - When the stock price returned to $280 in October, many of these traders placed sell orders, creating a resistance level due to the high volume of sell orders at this price point [3]. Group 2: Price Movement Analysis - DoorDash's stock recently experienced a gap down from approximately $240 to $212, indicating a lack of trading activity between these prices [4]. - The absence of trading in this range suggests that there are no remorseful buyers who would be inclined to sell shares as the price rises, potentially leading to less selling pressure between $212 and $240 [5]. Group 3: Future Price Implications - If DoorDash's stock price approaches the $240 level again, buyers may have to pay significant premiums to acquire shares, which could result in a rapid increase in stock price as it moves through these levels [5]. - The concept that "gaps tend to refill" is highlighted, suggesting that DoorDash may soon experience a price recovery [5].

Our call on Enel SpA ( OTCPK:ENLAY )( OTCPK:ESOCF ) and the decision to overweight EU utilities proved correct. Since the H1 results, Enel is up by an additional 13.5% (Fig. 1). After market close, the company released its nine-month results, and, inBuy-side hedge professionals conducting fundamental, income oriented, long term analysis across sectors globally in developed markets. Please shoot us a message or leave a comment to discuss ideas.DISCLOSURE: All of our articles are a matter of opinion, informed ...

In Brief DoorDash disclosed a data breach that exposed the personal information of an unspecified number of users, which included names, email addresses, phone numbers, and physical addresses.Despite the fact that hackers stole phone numbers and physical addresses, DoorDash said that “no sensitive information was accessed by the unauthorized third party and we have no indication the data has been misused for fraud or identity theft at this time.” DoorDash said in the post that the breach impacted a mix of ...

Group 1: Disney and YouTube - The dispute between Alphabet's YouTube TV and Disney has been resolved, allowing subscribers to regain access to Disney channels, including ABC and ESPN, after a content blackout lasting over two weeks [2] - Disney's stock declined by 1.6% at the close on Friday, while Alphabet's stock rose by more than 4% after hours [1] Group 2: Cisco Systems - Cisco reported a 9.7% gain in stock value following a strong Q1 2026 earnings report, with revenue reaching $14.9 billion, an 8% year-over-year increase [10][11] - The company noted a 13% year-over-year growth in product orders, including $1.3 billion in AI-related orders, and expects $3 billion in AI revenue for FY26 [11][13] Group 3: DoorDash - DoorDash's stock rose by 6% on Friday and recorded a 1.3% gain for the week, bringing its year-to-date gain to 23% [14] - The company announced a partnership with Old Navy for on-demand delivery, indicating a strategic expansion into the instant retail category [15] - Analysts have upgraded DoorDash's rating, with Wedbush setting a price target of $260, citing its competitive position in the US food and delivery market [18] Group 4: StubHub - StubHub's stock plummeted by 20% following the decision to withhold Q4 guidance, marking a 52-week low for the company [19] - Despite reporting solid earnings with $2.4 billion in Gross Merchandise Sales (GMV) and $468 million in revenue, the lack of guidance led to significant market reaction [20][21] - Analysts have cut price targets but maintained Buy or Outperform ratings, reflecting confidence in StubHub's long-term success [21][22] Group 5: Warner Bros Discovery Bidding War - Netflix, Comcast, and Paramount Skydance are preparing bids for Warner Bros Discovery, with stocks of Warner Bros. Discovery and Paramount Skydance rising by 4% and 2%, respectively [7]

Key Points - DoorDash (DASH) shares surged 6% after announcing a partnership with Old Navy, marking a significant expansion into on-demand apparel delivery beyond its core restaurant delivery business [3][7] - Bristol-Myers Squibb (BMY) stock fell 4.1% following the discontinuation of a late-stage clinical trial for the heart treatment milvexian, impacting investor sentiment [6][7] - Micron Technology (MU) was named a "top pick" by Morgan Stanley, with a price target increase, as demand for memory chips, particularly for AI data centers, surged, leading to a 4.2% gain in its shares [4] - Warner Bros. Discovery (WBD) shares rose 4% amid reports of potential acquisition offers from Paramount Skydance, Comcast, and Netflix, while Netflix's shares dropped 3.6% ahead of a 10-for-1 stock split [5]

Core Viewpoint - DoorDash shares have seen fluctuations, with a recent price target cut by NEM from 300 to 275 while maintaining a buy rating, indicating continued confidence in the company's performance despite recent volatility [1][11]. Financial Performance - DoorDash's stock is down 18% this month but remains up 20% year-to-date, reflecting a mixed performance in the short term while showing overall growth for the year [2]. - The company reported strong earnings on November 6, beating expectations on both revenue and earnings per share, yet experienced a significant one-day drop of 17.4% post-earnings [3][4]. Market Sentiment - Analysts noted that the market reaction to DoorDash's earnings was influenced by executives' announcements of substantial investment plans, which may have raised concerns among investors [4]. - Despite the recent selloff, some analysts view the current price levels as a buying opportunity, suggesting that the market overreacted to the earnings report [11][12]. Technical Analysis - Technical indicators show a potential reversal pattern, with a recent formation of a price floor near 195 and a downward sloping trend line that may be breaking [8]. - The 252-day exponential moving average is identified as a potential resistance level around 215, while the RSI shows signs of improvement, indicating a possible bullish divergence [8][9]. Options Activity - Options trading activity has been moderate, with about 26,000 contracts changing hands, indicating a balanced interest between puts and calls [13]. - Notable trades included a significant position involving the sale of 1,500 November 21st 240 puts and the purchase of 3,000 November 21st 210 puts, suggesting strategic positioning by traders [15].