My one-hundredth-and-twenty-sixth YouTube video “Trend of the Week Are Food Delivery Stocks the Next Netflix” went up today.
Will continued inflation and demand destruction from the Fed’s rate hikes added to changes in consumer behavior now that the Pandemic is on hiatus for warm weather lead to lower discretionary spending in sectors such as food delivery. Using these apps can be expensive! Will customers cut back? Specifically, I’m looking at Just Eat Takeaway (TKAYF), which owns GrubHub; Uber (UBER), which is relying on UberEats for a big chunk of its growth; and DoorDash (DASH). You might want to avoid these stocks until we can figure out what the revenue trends are going to be over the next year.
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