Instacart’s (CART) short-term bump evaporated, notes Andy Friedland. He discusses the outlook for grocery stocks and headwinds facing the grocery space. He talks about how major banks seem bearish on CART’s future price. CART faces competition from Uber Eats and Doordash in the growing grocery delivery market. He then goes over Amazon’s (AMZN) role in the grocery space. He also looks at how a combined Kroger (KR)-Albertsons (ACI) company can compete against Walmart (WMT). He highlights that Kroger and Albertsons pricing is a hot topic when it comes to the grocery retailers merging. Tune in to find out more about the stock market today.
Market On Close
29 Sep 2023
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