DASH Stock Recent News

Dow Jones leader Home Depot, along with DoorDash stock and Interactive Brokers, are in new buy zones on the stock market today.

DoorDash is trading near a buy point, one of five stocks for your watchlists with the market struggling.

DoorDash Inc. NASDAQ: DASH is the largest food delivery platform in the United States, with over 550,000 restaurants and grocery stores in its network. Like Uber Technologies Inc. NYSE: UBER, DoorDash plays the role of the middleman connecting local restaurants with customers and Dashers (delivery drivers) to deliver the food.

Tech stocks led the stock market lower Thursday, as Wall Street braced for Fed Chair Jerome Powell's speech on Friday morning.

Nationwide Search Begins for Student Sleep Ambassadors to Promote Healthy Habits on Campus HOUSTON , Aug. 20, 2024 /PRNewswire/ --  Mattress Firm , the nation's largest mattress specialty retailer, and DoorDash , the local commerce platform, today announced an exclusive partnership unlocking the magic of same-day delivery for leading sleep products from Mattress Firm's 2,300+ locations across the country. This collaboration arrives just in time for college back-to-school season, allowing students and parents to easily purchase mattresses, bedding, and sleep accessories through DoorDash —the perfect fix for outfitting dorm rooms and apartments.

Shares of DoorDash had their biggest same-day gain in nine months after the company reported a stronger-than-expected profit forecast for the current quarter, affirming that customer demand is resilient and that a plan to push into new categories beyond restaurants has been paying off. DoorDash CFO Ravi Inukonda joins Ed Ludlow on "Bloomberg Technology.

DoorDash's DashPass membership program now includes offers from Warner Bros. Discovery's Max streaming service.

DoorDash on Tuesday said it had partnered with Warner Bros Discovery's Max to provide the streaming service at no extra cost to its membership program subscribers in the United States.

I'm reiterating my buy rating on Dash after its 2Q24 report and confirm my belief that the company is now in its next leg of growth. In my opinion, Dash will continue seeing strong momentum in its grocery offering and I expect it to further improve the top-line in the near term. Management's focus is on 1. Introducing new merchants to the U.S. marketplace in the grocery, beauty, home, etc and 2. Expanding International markets, which should pay off big time in FY24.

Investors are now worried about the market crashing, with the U.S. 10-year treasury bond finally breaking below a 4% yield for the first time since the Federal Reserve (the Fed) started hiking interest rates to combat inflation and a red-hot economy. The S&P 500 is trading lower by up to 1.5% as weak economic data starts coming in for August.