fromwww.businessinsider.com
3 days agoUber and DoorDash bet on higher earners. It's paying off big.
Uber, DoorDash, and Instacart largely beat quarterly expectations this week and saw their stocks lift. Despite rising gas prices and consumers trimming their budgets, many people are still spending on ride-hailing and food delivery, according to companies' latest earnings results. "We're definitely seeing that not all consumers are under pressure," said Brian Mulberry, chief market strategist at Zacks Investment Management. "Some are still very high earners and doing very well."