Group 1: Federal Reserve Chair Nomination - The Trump administration is preparing to nominate Kevin Warsh as the new chair of the Federal Reserve, succeeding Jerome Powell whose term ends in May [3][4] - Warsh is considered a relatively hawkish choice for the position, which may influence future monetary policy [4] Group 2: GrubHub's Competitive Strategy - GrubHub is removing service and delivery fees on restaurant orders over $50, aiming to attract customers from competitors like DoorDash and Uber Eats [5][6] - The new policy is set to launch more broadly on February 2, with the goal of reducing "checkout abandonment" for large orders [5] Group 3: Apple Financial Performance - Apple reported a 15.7% increase in revenue for Q1 fiscal 2026, totaling $143.76 billion, surpassing the estimate of $138.52 billion [7] - Earnings per share were $2.84, exceeding the consensus estimate of $2.67, driven by a 23% surge in iPhone revenue [7][8] - CEO Tim Cook highlighted unprecedented demand for iPhones, with all-time records across geographic segments, and a 14% increase in Services revenue [8]

Grubhub is removing delivery and service fees on all restaurant orders above $50, the latest move by the newly private food-delivery app to win back customers https://t.co/oira4t16B5 ...

Amazon - Amazon shares have increased by 190% since January 2023, and it operates the largest e-commerce marketplace in North America, Western Europe, and the Middle East, as well as being the third largest ad tech company globally [1][2] - Amazon Web Services (AWS) is the largest cloud services provider, positioned to benefit from the increasing demand for AI infrastructure, with custom AI accelerators developed for training and inference [3] - AWS has partnered with Anthropic, an AI startup valued at $350 billion, and introduced new cloud services like Bedrock for generative AI application development [3] - Amazon is leveraging AI in its retail operations, creating over 1,000 generative AI applications to enhance inventory management, demand forecasting, and customer service [4] - Wall Street anticipates Amazon's earnings to grow at 18% annually over the next three years, making its current valuation of 35 times earnings appear reasonable [5] Uber Technologies - Uber shares have increased by 230% since January 2023, with a current market cap of $166 billion, and operates the largest ride-sharing and one of the largest food delivery platforms [1][6] - Uber utilizes machine learning for efficient driver matching, routing, and personalized advertising, positioning itself as a key partner for autonomous vehicle (AV) companies [7] - The ride-sharing market is expected to grow at 21% annually through 2033, while the robotaxi market is projected to grow at 99% annually, with Uber expected to account for 22% of U.S. robotaxi trips by 2032 [8] - Wall Street forecasts Uber's earnings to increase at 26% annually over the next three years, making its current valuation of 10 times earnings appear attractive [9]

Core Viewpoint - DoorDash Inc. is identified as one of the best US stocks to buy and hold in 2026, with a favorable industry environment and growth potential despite a conservative valuation approach [1][2]. Group 1: Price Target Adjustments - KeyBanc lowered its price target on DoorDash to $275 from $280 while maintaining an Overweight rating, reflecting a conservative valuation approach despite raising 2026 EBITDA estimates for the mobility and delivery sector [1][2]. - BNP Paribas initiated coverage of DoorDash with an Outperform rating and a $280 price target, recognizing the company's elevated valuation but strong growth potential [3]. Group 2: Market Position and Growth Factors - DoorDash is successfully capturing market share in both food and grocery delivery, while also expanding its DashPass subscriber base [2]. - The optimistic outlook for DoorDash is supported by increasing order frequency among US users, successful international expansion, and steady improvement in profit margins [3]. Group 3: Company Overview - DoorDash operates a commerce platform that connects merchants, consumers, and independent contractors in the US and internationally [4].

Group 1: Market Sentiment and Analyst Ratings - Investor sentiment has cooled since the third quarter due to a lack of near-term catalysts and rising anxiety over autonomous vehicle (AV) risk [2] - Wedbush analysts suggested "incremental caution" across the mobility, delivery, and grocery sectors heading into the fourth-quarter earnings season, maintaining a Neutral rating on Uber with a $78 price target [1] - The outlook for Lyft and Instacart was bearish, with Underperform ratings assigned to both stocks [2] Group 2: Company-Specific Insights - Lyft has struggled with weak app engagement and a significant deceleration in monthly active user (MAU) growth compared to the third quarter, leading to a maintained price target of $16 [3] - Instacart faces fierce competition from omnichannel retailers like Amazon and Walmart, with a price target maintained at $36, while order growth is expected to moderate [3] - DoorDash is highlighted as the top pick with an Outperform rating and a $270 price target, expecting adjusted EBITDA margin expansion through 2026 supported by its growing advertising segment and increased efficiencies in logistics [4] Group 3: Upcoming Earnings Reports - Uber is set to report before the opening bell on February 4, Lyft after the closing bell on February 10, DoorDash after the market closes on February 18, and Maplebear after the closing bell on February 12 [5]

Core Viewpoint - Delivery companies, including Uber and DoorDash, have lost their legal attempt to block New York City's new tipping law, which mandates that food delivery apps must offer customers the option to tip delivery workers and suggest a minimum tip of 10% [2][3]. Group 1: Legal Developments - Uber and DoorDash sought an injunction against the new law, arguing it infringed on their First Amendment rights, but the judge ruled they did not show a strong likelihood of success in their claims [2]. - The law requires delivery platforms to prompt customers for tips during checkout rather than at the time of delivery, which DoorDash claims creates undue pressure on customers [3]. Group 2: Financial Implications - City regulators have alleged that Uber and DoorDash's app modifications have cost delivery workers over $550 million by discouraging customer tipping [4]. - A DoorDash spokesperson indicated that the new legislation could lead to an immediate decline in orders for small businesses in New York [5]. Group 3: Labor Economy Context - The new law is being implemented amid ongoing concerns within the Labor Economy, which consists of approximately 60 million U.S. workers earning about $25 an hour or less [6]. - Research indicates that sentiment among Labor Economy workers remains stagnant despite overall economic improvements, with many expecting their income to remain flat while monthly expenses rise [7].

Group 1 - Uber Technologies Inc. is highlighted as a strong investment opportunity by billionaire Bill Ackman, despite a recent price target adjustment by KeyBanc Capital Markets from $110 to $105 while maintaining an Overweight rating due to valuation concerns related to autonomous vehicles [1][2] - The company holds a dominant 64% market share in ridesharing compared to Lyft's 31%, and has experienced an 18.25% revenue growth, reaching $49.61 billion over the past year [2] - KeyBanc noted Uber's current EBITDA at $5.29 billion, indicating continued profitability, while introducing new non-GAAP metrics to align with the company's updated guidance [2] Group 2 - Mizuho has identified Uber as one of the best US internet stocks for 2026, suggesting the company is well-positioned to benefit from reduced fears surrounding autonomous vehicles, which are expected to drive growth from current depressed levels [3] - The research firm anticipates that competition and terminal value risks will diminish as more autonomous vehicles become commercially viable by 2026, alleviating concerns about a single company dominating the robotaxi business model [4] - Uber's business model focuses on demand aggregation, pricing, routing, and payments rather than vehicle ownership, which supports its long-term growth prospects [4]

Group 1: Company Performance and Financials - DoorDash reported earnings per share (EPS) of $0.55 for the last quarter, missing analysts' consensus estimates of $0.68 by $0.13 [4] - The company had a net margin of 6.83% and a return on equity of 9.97% [4] - Revenue for the quarter was $3.45 billion, exceeding analysts' expectations of $3.35 billion, and represented a year-over-year increase of 27.3% [4] Group 2: Stock Performance and Analyst Ratings - DoorDash shares opened at $207.23, with a market capitalization of $89.32 billion, a P/E ratio of 105.19, and a beta of 1.70 [3] - The stock has a 12-month low of $155.40 and a high of $285.50, with a 50-day moving average of $217.08 and a 200-day moving average of $239.18 [3] - Analysts have varied ratings on DoorDash, with three analysts giving a Strong Buy rating, twenty-five a Buy rating, seven a Hold rating, and one a Sell rating, resulting in an average rating of "Moderate Buy" and an average price target of $281.26 [5] Group 3: Insider Trading and Institutional Ownership - Director Stanley Tang sold 45,410 shares at an average price of $222.53, totaling approximately $10.1 million, while Director Shona L. Brown sold 1,250 shares at an average price of $222.33, totaling about $278,000 [2] - Over the last ninety days, insiders sold 632,885 shares valued at $133.2 million, with corporate insiders owning 5.83% of the company's stock [2] - Institutional investors own 90.64% of DoorDash's stock, with significant stakes acquired by firms like Norges Bank and Vanguard Group [1][6] Group 4: Business Model and Market Position - DoorDash operates a technology-driven logistics and food-delivery marketplace, connecting consumers, merchants, and independent delivery contractors [7] - The company's services have expanded beyond restaurant deliveries to include groceries, convenience items, and retail deliveries, positioning it as a broader on-demand logistics provider [7][8]

Core Viewpoint - DoorDash Inc. and Uber Technologies Inc. have lost a legal challenge against a New York City law mandating a tipping option at checkout, which is set to take effect, potentially impacting their business operations and customer behavior [1][2]. Group 1: Legal Decision and Implications - A federal judge denied the companies' request to block the law, stating that the suit was unlikely to succeed as the requirements were not overly burdensome and aimed to enhance cost transparency and protect delivery workers [4]. - The law requires a suggested tip of 10% or higher, which DoorDash fears will lead to a decrease in orders from New York customers, estimating millions in losses over the next year [1][2]. Group 2: Company Responses and Future Actions - Both companies have appealed the court's decision, expressing concerns that the law will negatively affect small businesses and delivery experiences in New York City [2]. - The ruling may strengthen the city's regulatory stance on app-based work, as evidenced by a recent lawsuit against another delivery tech provider for withholding pay from workers [3]. Group 3: Context of the New Law - The new tipping requirements were introduced following a 2023 law that increased the minimum wage for delivery workers to at least $21.44 per hour, prompting DoorDash and Uber to raise service fees and alter the in-app tipping process [6].

Group 1: Amazon - Amazon is projected to reach a price target of 335, supported by accelerating revenue growth and expanding margins in both its cloud (AWS) and retail businesses [1][2] - The company is expected to benefit from economic stimulus measures that will enhance discretionary spending, along with innovative product initiatives like perishable checkout and AI agents [3] - Valuation is based on 30 times next year's earnings of 10 to 11 dollars, indicating significant upside potential [4] Group 2: Expedia - Expedia is currently valued at 2, with a target price of 350, benefiting from a recovery in US travel, particularly with the upcoming World Cup [4] - The company faced challenges last year due to a slowdown in travel, but is expected to see low double-digit topline growth and margin expansion, trading at a discount [5] - The new CEO has improved execution, and the company is actively buying back stock, contributing to a healthy earnings growth of 20 to 25% [6] Group 3: DoorDash - DoorDash is undergoing significant investments, including the acquisition of Deliveroo, positioning it as a strong player in the gig economy [7] - The company is expected to achieve a top-line growth of 20 to 25%, with recent stock price declines providing a favorable entry point for investors [8]