CNBC's Jim Cramer on Monday gave investors his take on four major stocks in the gig economy sector.
CNBC's Jim Cramer on Monday provided his take on four major stocks in the gig economy sector: Uber, Lyft, DoorDash and Instacart parent Maplebear.
"After hearing from all of these companies, what I see is a confusing situation: Uber, DoorDash and Instacart are all lower after earnings, while Lyft managed to gain a bit of ground," he said. "But the reality's a lot more complicated than that.""After hearing from all of these companies, what I see is a confusing situation: Uber, DoorDash and Instacart are all lower after earnings, while Lyft managed to gain a bit of ground," he said.
no longer steadily losing share to Uber, and shares jumped after earnings. Cramer said he is pleased with how CEO David Risher is managing the company's turnaround, saying he's optimistic the stock can continue to perform well.Cramer said DoorDash's quarter was decent, but weakened guidance sent its stock plunging. He indicated that the food delivery service "deserves the benefit of the doubt" as it spends money to grow business.
Instacart (Maplebear Inc) Doordash Inc Lyft Inc Uber Technologies Inc Markets Business Investment Strategy Stock Markets Jim Cramer Business News
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