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This Top Stock Pick Continues To Crush It

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investingchannel.com

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TheJuice@news.investingchannel.com

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Wed, Jul 5, 2023 06:31 PM

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This company keeps adding features to its already impressive ecosystem Proprietary Data Insights Top

This company keeps adding features to its already impressive ecosystem [View in browser]( [The Juice Logo] BROUGHT TO YOU BY: [Logo]( Proprietary Data Insights Top Software Application Stock Searches This Month Rank Name Searches #1 Salesforce.com 55,166 #2 Shopify 43,376 #3 Crowdstrike Holdings 41,803 #4 Uber Technologies 40,560 #5 Docusign 20,259 #16 Lyft 8,590 #24 DoorDash 6,632 #ad [A Daily Stock Pick With Professional Analysis]( Brought to you by [Masterworks]( [As “Decade of Lost Wealth” looms, where do experts recommend $500k+ portfolios invest?]( [ Masterworks - As “Decade of Lost Wealth” looms, where do experts recommend $500k+ portfolios invest?]( Eye-opening Goldman Sachs research suggests investors could be facing a brutal decade as high inflation leads to real returns of only 1-3% per year. How can savvy investors keep their financial goals on track? One exclusive investment platform is giving investors access to an asset whose prices outpaced the S&P 500 by 131% over the last 26 years. It's called Masterworks. Now, their members can invest in multi-million dollar art. Just last year, Masterworks sold 9 paintings, including returns of 13.9%, 35%, and 10.4%. Juice readers can skip the waitlist using this exclusive VIP link. [Skip the waitlist]( One Of Our Top 2023 Stock Picks Continues To Crush It Just as [surging interest]( in Trackstar [turns us on]( to potentially sound trades and investments, it also tells us a thing or two when a stock flies under the radar. Consider DoorDash (DASH). For the life of us, we can’t understand why investor searches for DASH lag so far behind one of our other top picks for 2023 - Uber (UBER). It might just be because Uber is a better known name nationally? While DoorDash operates all over the country, it’s not quite as ubiquitous, particularly from a mindshare standpoint, as Uber or even Lyft (LYFT). We’re all for stocks that fly under the radar. Nothing like owning something before everybody and their brother-in-law jumps on board. Since [we first recommended looking at DASH in late November, 2022](, it’s up roughly 38%. In that article, we suggested approaching the stock like this: We like the idea of buying a little bit of DASH, alongside UBER, at regular intervals in the speculative part of your long-term portfolio. Basically, dollar cost averaging. The idea of committing the same amount of money to a stock each time you buy it on a consistent schedule. With this strategy, you’ll purchase fewer shares when the stock price is high and more shares when it’s low. If you did this with DASH, you have had plenty of opportunities to buy on dips, even as, over time, the stock has gone up in what turns out to be a sweet, clean, straight line. We [updated our bull case on DASH in early March of this year](, noting that it continued to expand its ecosystem via partnerships with companies such as Mastercard (MA), Starbucks (SBUX), Tractor Supply (TSCO) and WeWork (WE). When that edition of The Juice hit, DASH was on a dip. Since then, the stock is up 30%. We [last discussed DASH in April](, noting new and expanded partnerships with grocery stores as well as an impressive 15 million members in its DashPass program. Since then, the stock is up about 22.5%. YTD, DASH is up around 56%. Not quite as impressive as UBER’s roughly 68% run, but still pretty darn good. For comparison sake, LYFT is down approximately 11.5% since the beginning of the year. We remain bullish because DASH continues to execute. We love what DoorDash unveiled the other day. The biggest update to its app ever. Here are the highlights, directly from DASH’s press [release]( on the news followed by the bottom line on why we think it matters: - With our newly redesigned consumer app, it’s now easier than ever to get anything you need in your neighborhood on-demand. - With numerous categories to now shop from, you can now start multiple shopping carts in the app, check out whenever you’re ready, and never lose progress on an order again. Now you can add to your weekly grocery cart, start another to order today’s lunch, and another to start a separate school supplies order for your kids. It’s easy to view and manage all of your open carts by simply tapping the cart icon in the top-right corner of the app. [Tickers Trending Among FinPros & Retail Investors]( Once every quarter, we compile millions of Financial Professional and Retail Investor's stock searches across our 100+ financial sites. We reserve this exclusive report for our newsletter subscribers so you can learn about the stocks and industries that you should keep an eye on. This info can help you decide what to do in your portfolio – so you can protect the money you have and generate bigger gains. [Click here now to download the FREE Trackstar Q1 2023 Report.]( The Bottom Line: You see what DASH is doing here. And it’s right out of Amazon.com’s (AMZN) playbook. They’re creating a comprehensive ecosystem designed to touch consumers in more ways - and more times - than one. While DASH remains most popular for ordering from restaurants, it does give you access to “anything you need in your neighborhood on-demand.” By letting users create and save multiple carts for different purposes, DoorDash is basically saying we’re Amazon for the things you really need on a daily basis and, amazingly, you can order those things more efficiently and get them to your door faster than even Amazon can. And the beauty of it is, DoorDash doesn’t need to beat Amazon to win. It only needs to continue to grow its core restaurant business (and it is), expand its grocery business (it is) and take a little bit in a handful of other areas where people might - at the moment - think of Amazon first. All of this said, we would not be shocked to see Amazon or another big player make a run at DoorDash sometime soon. Stay tuned. DASH reports Q2 earnings in early August. We’ll listen to the conference call and relay the most important happenings. [-facebook-share]( [-twitter-share]( [-linkedin-share]( [-email-share](mailto:?body= https%3A%2F%2Finvestingchannel.com%2F%3Fp%3D585034?utm_medium=ic-nl&utm_source=110458 ) News & Insights Freshly Squeezed - From The Spill: [Can Virgin Galactic Make Space Travel Profitable?]( - [Don't subscribe if you don't want to know more about Real Estate, Private Equity, NFTs]( - [12 Best Long-Term Dividend Stocks To Buy Now]( - [Debt Got You Down? Pay It Off And Start Investing With These 3 Steps]( [News & Insights-facebook-share]( [News & Insights-twitter-share]( [News & Insights-linkedin-share]( [News & Insights-email-share](mailto:?body= https%3A%2F%2Finvestingchannel.com%2F%3Fp%3D585034?utm_medium=ic-nl&utm_source=110458 ) [We want to hear from you. Let us know your thoughts by clicking here]( [Pixel] [InvestingChannel Logo](#) Follow us on: [Facebook Logo]( [LinkedIn Logo]( [Twitter Logo]( [Instagram Logo]( To ensure delivery of all emails, [allow us on your list](. 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. [Link](

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