Tag: Yahoo Finance

Forget Lyft, Buy These 2 Stocks Instead

When it comes to Lyft (NASDAQ:LYFT), I'm on the fence. While I like the idea that Uber (NYSE:UBER) has a major competitor in North America to keep prices low, it's terrible if you want to make money off Lyft stock.Source: Roman Tiraspolsky / Shutterstock.com InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn December, I stated that Lyft's pathway to profitability is best achieved by raising prices. This wasn't an original idea, mind you. It came from Barclays Capital's analysis of ride-hailing trips in New York City. Although this theory provided a glimmer of hope, I wanted nothing to do with it or Uber. The fact analysts have been reasonably positive about both stocks in 2020, be damned. What's There to Like About Lyft Stock?First, I often repeat the wise words of Canadian billionaire money manager Stephen Jarislowsky in my articles about recent IPOs because they are spot on."New issues...