3 Reasons Uber and Lyft Will Beat the Market in 2020
The bulls have been largely driven out of Lyft (NASDAQ: LYFT) and Uber (NYSE: UBER). The ride-hailing duopoly has been a one-two sucker punch, with Lyft and Uber falling precipitously since hitting the market earlier this year at $72 and $45, respectively. No one said that investing in IPOs would be easy.
Oddly enough, the bears are also moving on. There were just 15.8 million shares of Lyft sold short at the beginning of this month, the lowest count of financially vested naysayers since mid-April. Lyft and Uber may seem to be boring and broken IPOs, but there are a few good reasons to expect better things in the year ahead. Let's go over why both stocks can rev up come 2020.
Image source: Lyft.
Source Fool.com