DoorDash Benefits from Expanded Kroger Partnership
"That is Door Dash, uh, we are seeing shares of Door Dash rising. Of course, this is after it's expanding its relationship with the grocery store chain operator Kroger. Uh so we are seeing Kroger just up a touch here. Uh but essentially we're looking at Instacart of course in focus. That is a competitor here to Door Dash. But I mean Kroger should be launching almost 2700 of its stores on the Door Dash platform starting October 1st."
DoorDash (DASH) is seeing rising shares following the expansion of its relationship with Kroger, which will integrate nearly 2700 stores onto its platform starting October 1st. This strategic partnership positions DoorDash favorably against competitors like Instacart.
DoorDash Benefits from Expanded Kroger Partnership
"We're seeing shares of DoorDash rising. Of course, this is after it's expanding its relationship with the grocery store chain operator Kroger. But essentially, we're looking at Instacart, of course, and Focus that is a competitor here to DoorDash. But I mean, Kroger should be launching almost 2,700 of its stores on the DoorDash platform starting October 1st."
DoorDash (DASH) is experiencing positive momentum as its shares rise on news of an expanded partnership with Kroger. With nearly 2,700 Kroger stores set to launch on the DoorDash platform starting October 1st, the development adds a significant near-term catalyst that may further boost its market position against competitors.
Company Commentary on DoorDash’s Technical Setup
"DoorDash, this is one that I actually have kept because I've got a decent profit on it. So just forming what looks like to be a handle here. Got support at the 21-day moving average line. Not much of a correction. And nice bounce on the 21-day moving average line."
The speaker provides a company-specific commentary on DoorDash. He highlights that the stock is forming a solid technical base with a handle formation and support at the 21-day moving average, which has contributed to a decent profit. This reinforces DoorDash as an attractive holding with a favorable technical setup.