First stock talk… let’s get a start on this. First, May job report came out this morning! Wow, DOW up 2.2% this morning.
Today I will be talking about Grubhub ($GRUB). I am long Grubhub for the longer term for a couple reasons. First, they are about 130% from their all-time high of $146. This pandemic has been the perfect conditions for Grubhub because people are going to be using their delivery service while quarantined. People may enjoy using this service and could continue using Grubhub post-pandemic. One big take I believe is that Grubhub will be acquiried by Uber ($UBER). This Merger would be a very large one and could benefit Grubhub. Potential synergies Grubhub could realize include decrease expenses, more customers to reach out to, and more data and research from Uber. For similar reasons, I believe Uber would be a decent buy, however, they still are under since they IPO’d, and they are not profiting.
