DASH Could Explode in 2023

Up 25% YTD with room to run [View in browser]( [The Juice Logo] BROUGHT TO YOU BY: [Logo]( Proprietary Data Insights Financial Pros’ Top Food Delivery Stock Searches This Month Rank Name Searches #1 Uber Technologies 120 #2 DoorDash 45 #3 Domino’s Pizza 20 #4 Blue Apron Holdings 8 #5 Papa John’s International 2 #ad [Stock Picks to Save You Time and Money]( Brought to you by [InvestorPlace]( [America's Next Super-Boom Is Here]( [ InvestorPlace - America]( Eric Fry believes he just discovered America's next "Wealth Supercluster" and it's forming in the place you'd least expect. Investors are already flocking there for a chance at 1,000%+ returns. Here's how you could join them before it's too late... [Get the Rest of the Details Here]( DASH Could Explode in 2023 While our sister newsletter, [The Spill](, rates stocks quantitatively, The Juice gives you a decidedly qualitative look. We seek companies that have sound stories and comprehensive ecosystems with more than ample room for growth. Then, we look for long-term narratives we think will not only stay intact, but exceed expectations. Last week, we [updated our stance]( on one of those stocks: Uber (UBER). Today, we turn to DoorDash (DASH). (You can review our bull cases on DASH and UBER [here]( and [here](.) Some seemingly bad news might not be that bad for DASH… According to Grocery Doppio’s Q1 2023 State of Digital Grocery Performance, digital grocery sales – pickup or delivery orders – are down year over year. [Stores] Source: Grocery Doppio They fell 0.9% between Q1 2022 and Q1 2023. But in-store grocery sales rose nearly 5.8% over the same period. Blame inflation for the decline in digital. The data shows that as consumers look harder for deals, they’re shopping in store not only to find them, but also to avoid any minimum-order requirements and additional fees. This shift in behavior explains another interesting datapoint: Pickup orders as a percentage of digital grocery transactions increased annually versus delivery, which tends to have higher fees. [Grocery sales] Source: Grocery Doppio On the surface, this seems like bad news for DASH. But there are digital grocery orders that consumers complete directly with grocers. Then there are those they complete through DoorDash and other delivery apps. DoorDash calls this its third-party grocery business. And DASH’s third-party grocery business has been booming: - It grew 100% year over year in both Q3 and Q4 2022. - DoorDash has partnerships with Sprouts Farmers Market (SFM), Albertsons (ACI) and its various imprints, Erewhon, Bristol Farms, and Target (TGT). DoorDash says profitability in its grocery business is improving as it continues adding market share in the space and works with merchants to modernize their fulfillment systems. DoorDash provides access to just about every restaurant in your city. With its aggressive foray into groceries, including its own virtual grocery store called DashMart, DASH is looking to be a one-stop shop for consumers. In other words, ecosystem expansion. [“Like a nightmare!” Financial legend warns of new threat to your money]( During and after the Great Financial Crisis of 2008, 485 U.S. banks went under. Here at Weiss Ratings, we warned about 484 — an accuracy rate of 99.8%. Now, we have a new warning. But this time, it's not just about a few hundred banks … it's about nearly every single bank in America … [Get all the details here]([Ad] The Bottom Line: DASH is up 25% YTD. It’ll be interesting to see how it performs after it reports Q1 2023 earnings in early May. Will it take a hit, in line with declining overall digital grocery store sales? Or is DASH immune to this effect of inflation, thanks to its comprehensive ecosystem, loyal restaurant-consumer base, and its 15 million DashPass subscribers? The Juice thinks the latter. If there is relatively bad news, it may be a chance to buy on weakness. Because once inflation cools further, we think DASH’s overall and grocery sales will come roaring back, if they’ve even suffered over the last three months. [-facebook-share]( [-twitter-share]( [-linkedin-share]( [-email-share](mailto:?body= https%3A%2F%2Finvestingchannel.com%2F%3Fp%3D578254?utm_medium=ic-nl&utm_source=105828 ) Freshly Squeezed - [12 Cheap Global Stocks to Buy]( - [Power Your Portfolio With Alternative Investments]( - [1st Look at Local Housing Markets in March]( - From The Spill: [Costco’s Valuation Problem]( [-facebook-share]( [-twitter-share]( [-linkedin-share]( [-email-share](mailto:?body= https%3A%2F%2Finvestingchannel.com%2F%3Fp%3D578254?utm_medium=ic-nl&utm_source=105828 ) [We want to hear from you. Let us know your thoughts by clicking here]( [Pixel][Link]( [InvestingChannel Logo](#) Follow us on: [Facebook Logo]( [LinkedIn Logo]( [Twitter Logo]( [Instagram Logo]( To ensure delivery of all emails, [allow us on your list]( Juice&email=TheJuice@news.investingchannel.com). Manage your subscriptions with our [preference center](. [Unsubscribe here.]( View our privacy policy [here](. Copyright ©2023 InvestingChannel. All rights reserved. 1325 Avenue of the Americas, Floor 27 & 28 New York, New York 10019 Disclaimer: This is not investment advice. This InvestingChannel, Inc., newsletter is for information purposes only and is based on opinion. Futures, forex, stock, and options trading are not appropriate for all investors. There is a substantial risk of loss associated with trading these markets. Losses can and will occur. No system or methodology has ever been developed that can ensure returns or eliminate losses. InvestingChannel, Inc., makes no representation or implication that using any of the methodologies or systems in this newsletter will generate returns or insure against losses. Investors should be cautious about any and all investments and are advised to conduct their own due diligence prior to making any investment decisions.