Lyft’s Financially Responsible Decisions Will Shine After Lockdown

Lyft Inc. (Nasdaq: LYFT), like Uber Technologies Inc. (NYSE: UBER) and other travel-related businesses, is suffering due to lockdown, but we believe that ride-hailing businesses will be among the first ones to benefit when the economies start to open up and Lyft’s efforts to realign its cost structure will shine in the post-lockdown world. As covered in our recent note on Uber, both ride-hailing majors will have an edge over other businesses hit hard by the pandemic, i.e. airlines, cruise lines, retail REITs, etc., in terms of making a comeback.…

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Uber Stock May Lead Next Rally

Uber Technologies Inc. (NYSE: UBER) has started to show up high on our models, mostly on fundamental scores yet but if the quantitative data on the stock continues to improve, we at Purnha believe the stock will be ideally positioned to lead the ‘post lockdown’ stock rally, whenever that happens. Thus the time to take a closer look and do in-depth research is now. The Sell-side tends to look at sectors in silos, which makes little sense for investors looking to grow their portfolios on an absolute basis and as…

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