About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Core Viewpoint - Jefferies analyst John Colantuoni upgraded shares of DoorDash to Buy from Hold [1] Company Summary - The upgrade indicates a positive outlook for DoorDash's stock performance [1]

Group 1 - DoorDash stock has been upgraded from hold to buy by Jefferies analysts following a recent post-earnings decline, indicating potential for recovery [1] - The company's third-quarter report included a warning about plans to increase investments, which contributed to the stock's decline [1] - Analysts believe that DoorDash has the right to invest in its growth despite the short-term negative market reaction [4] Group 2 - Other companies such as Robinhood, AppLovin, and ARM have also been highlighted for their earnings performance, indicating a broader market focus on key players [2] - Tesla shareholders are set to vote on Elon Musk's $1 trillion pay deal, which is generating significant attention in the market [2] - The overall market sentiment is mixed, with banks rebounding while concerns about other sectors persist [4]

Core Viewpoint - The article compiles significant research calls from Wall Street, highlighting upgrades for various companies that investors should be aware of [1] Group 1: Company Upgrades - Jefferies upgraded DoorDash (DASH) to Buy from Hold with a price target of $260, increased from $220, citing faster growth in U.S. restaurant delivery as a reason for a more bullish outlook [2] - Nomura upgraded Baidu (BIDU) to Buy from Neutral with a price target of $140, up from $135, due to the substantial growth potential of its 69% owned chip-design subsidiary, Kunlunxin, and management's consideration of enhancing capital returns [2] - UBS upgraded Insulet (PODD) to Buy from Neutral with a price target of $400, raised from $355, anticipating sustained growth momentum through the end of the decade [2] - Jefferies upgraded Zions Bancorp (ZION) to Buy from Hold with a price target of $60, up from $55, arguing that the stock's pullback related to alleged fraud charges is overdone [2] - Goldman Sachs upgraded Medtronic (MDT) to Neutral from Sell with a price target of $111, increased from $81, noting improved new product momentum and positive overall P&L metrics post Q2 results [2]

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].

Core Viewpoint - The decision to overweight EU utilities, particularly Enel SpA, has proven to be correct as the company's stock has increased by 13.5% since the H1 results [1]. Company Performance - Enel SpA released its nine-month results after market close, indicating continued positive performance [1].