How to Trade DoorDash After a Disastrous IPO

There’s an unquenchable investor thirst for risk and return in this market – and it’s evident in the fourth quarter’s IPO activity.

Since October 1, more than 70 companies went public.

The list ranges from smaller, unknown companies like healthcare name Seer Inc. (Nasdaq:SEER) and financial group HF Enterprises Inc. (Nasdaq:HFEN) all the way to bigger, more familiar names like tech companies McAfee Corp. (Nasdaq: MCFE) and PubMatic Inc. (Nasdaq: PUBM).

But one of the most-talked-about IPOs was that of food delivery company DoorDash Inc. (NYSE: DASH).

And if I’m being honest, this is the one that also confused me the most.

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During a pandemic, it makes sense that a food delivery service could and probably would fare well. But actually, I think that’s where things went wrong.

Traders ran into the proverbial fire as soon as DASH shares started trading, boosting the share price to $195. From there, the stock hung – if for only a moment – like Wile E. Coyote just after he runs off the edge of a cliff.

Today, DASH has lost more than 25% as it continues to form a short-term bearish trend.

With one of the newest names on Wall Street’s block hitting a low, one has to wonder – is it worth a buy?

Find the answer right here…

The 737 Max is Back – Here’s the Best Way to Play Boeing

The much-awaited re-launch of Boeing Co.’s (NYSE:BA) 737-Max is upon us.

This is a plane that has dominated headlines since October 2018’s devastating crash.

And now, over two years later, American Airlines Group Inc. (Nasdaq:AAL) is set to be the first company to return the plane to commercial service in the U.S., followed by Southwest Airlines Co. (NYSE:LUV) and United Airlines Holdings Inc. (Nasdaq:UAL).

Today, the stock is still over 100% lower than its all-time high of $440, set in March 2019.

Your gut reaction may be to step in now and buy the stock at this current level. But this is where I want to talk about the important difference between “investing” and “trading.”

BA investors have had a rough go the past couple of years. As I just stated, the stock has fallen over 100% since the start of 2019. And zooming in closer, to the past month, things don’t look much better. It’s fallen more than 8% since early December.

Traders, however, have had a great run in the stock over the last month or so – which, believe it or not, is a big factor contributing to BA‘s fast December drop.

See, when traders are moving, so is the stock they’re trading. This leaves the obvious question…

Is Boeing a good stock for investors right now?

I have the answer right here…