DoorDash (DASH) reported 1Q22 earnings after the close Thursday. You wouldn’t know it from its chart but DASH’s business continues to progress. Gross Order Volume (GOV) was +25% and Revenue +35%. DASH nudged up its full year 2022 GOV guidance to $49-$51 billion – compared to $42 billion in 2021. Shares are currently +9% in the after hours.
While I was premature in dipping my toe into the water with my “Leaders of the Future” – of which DASH is one – I do think these stocks are worth keeping an eye on because when the macro regime does switch once again – which may well be many years from now however – these are the stocks that will be the leaders of the next bull market.