Uber and more: UBS picks food delivery stocks set to pop by over 30%

  • 📰 CNBC
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

New for subscribers: Uber and more: UBS picks food delivery stocks set to pop by over 30%. Check out CNBCPro today.

has listed seven stocks to buy in online food delivery, as the market looks set to boom in the next couple of years.

People ordering takeout more frequently — and spending more when they do — means the sector could reach a value of almost $400 billion by 2024, the bank said. A Euromonitor estimate, meanwhile, said it could be worthThe sector, which already got a boost as people stayed at home during the coronavirus pandemic, is set for a compound annual growth rate of more than 20% a year between 2019 and 2024, UBS analysts led by Sreedhar Mahamkali said in a note published last week.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Pro Interesting take as the economy opens up. I'll do the opposite - thanks

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UBS picks 19 emerging market stocks as 'winners' this yearUBS has identified 19 stocks in emerging markets that are poised to perform strongly over the next 12 months, capitalizing on the trend of sustainable investing. Pro Do you think this is what people really need right now? Pro Pro Cease to live
Source: CNBC - 🏆 12. / 72 Read more »

UBS names its top 15 global stocks with more than 25% upsideNew for subscribers: UBS names its top 15 global stocks with more than 25% upside. Check out CNBCPro today. Pro Hey You Reading this✋ Please support true journalism Please subscribe our channel it needs only 1sec Your 1sec and 1 sub means a whole world to someone Guys Thank you :) Pro Now we know exactly which positions UBS is looking to exit. Pro With your mobile phone or PC you can be earning up to $106 everyday, all you need to do is send me a message now or follow the link below to get the app and also started.
Source: CNBC - 🏆 12. / 72 Read more »