Our stock picks outperformed the market by more than 124 percentage points (see the details here). Between March 2017 and February 26th 2021 our monthly newsletter’s stock picks returned 197.2%, vs. On the other hand, Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 124 percentage points since March 2017. Its reputation has been tarnished in the last decade, during which its hedged returns couldn’t keep up with the unhedged returns of the market indices. The entire hedge fund industry is feeling the reverberations of the changing financial landscape. Even smart investors are finding it hard to stay ahead of the rising financial volatility. However, as the economy reopens, it is important to exercise caution before investing in stocks. This is why most analysts remain bullish on the food delivery industry. Since the stock market plummeted as COVID-19 lockdowns were announced in March 2019, stock prices of food delivery firms have jumped more than 130%. This is why food delivery stocks are a hot item right now. For example, in China, food delivery applications can now reach more than 650 million people across the country. In countries other than the US, this business is growing too. Since the entry of tech startups in the game in 2015, market revenue has increased by more than 200%. The food delivery market is expected to grow to more than $200 billion by the middle of this decade. These reasons underline why the food delivery companies are expected to continue enjoying the benefits of the pandemic boom well into 2021. Retail giants like Walmart have stepped up their delivery services as well. Tech firm Amazon is also backing food delivery app Deliveroo, which debuted on the stock market this year, as it prepares to make its entry into the business. Technology giant Uber (NYSE: UBER) also plans to expand UberEats, its food delivery service, amid rising competition from competitors. (NYSE: GRUB), one of the leading food delivery services in the United States, was acquired by Dutch company Just Eat Takeaway for $7.3 billion in 2020. The Dramatic Rise of Food Delivery Appsįor example, Grubhub Inc. Some of the factors driving this growth are improving technologies, the rising number of people realizing the benefits of freelance work, and the consolidation of big businesses in the market that are trying hard to stamp out the competition with aggressive investment. The revenue numbers for 2018, 2017, and 2016 were roughly $18 billion, $13 billion, and $10 billion, clearly highlighting the upward trajectory of the revenue gain, and also underscoring how the companies would continue to grow after the pandemic boom. According to data compiled by financial advisory firms Morgan Stanley and McKinsey, food delivery apps in the US posted $26 billion in revenue in 2020, compared to $22 billion in 2019. However, a deeper dive into the numbers indicates that food delivery has been on a consistently upward trajectory over the past five years and will continue to grow as people opt for convenience in everyday routines. If you want to skip our discussion of the growth of the delivery industry and recent trends in the sector, go directly to the Top 5 Food Delivery Stocks For 2021.įood delivery companies have seen a massive surge in business over the past year, largely driven by COVID-19 restrictions on restaurant dining.
In this article, we are going to list the top 10 food delivery stocks for 2021.
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