Schaeffer's Top Stock Picks for '25

Grocery Delivery Stock Pops Before Joining S&P 400

CART boasts a 95.7% year-over-year lead

Digital Content Manager
Jan 8, 2025 at 10:34 AM
facebook X logo linkedin


Shares of Maplebear Inc (NASDAQ:CART), otherwise known as Instacart, are up 3.8% to trade at $44.54 at last glance. Today's pop follows news that the grocery delivery giant will join the S&P MidCap 400 Index (SP400) before the open on Tuesday, Jan. 14, replacing medtech name Enovis (ENOV).

CART has been getting support from the $40 region since pulling back from its Nov, 7, all-time high of $50.01, and is today testing resistance from the $45 level. The stock has been trading firmly above its 100-day moving average since early September, and now boasts a 95.7% year-over-year lead.

There's plenty of room for upgrades, with 13 of 26 analysts in question calling the equity a tepid "hold." Plus, short interest rose 13.8% in the last two reporting periods and makes up 5.9% of the stock's available float. An unwinding of these bearish bets could further boost the shares.

Additional tailwinds could stem from a sentiment shift over in the options pits, which show a short-term bearish bias. This is per Instacart stock's Schaeffer's put/call open interest ratio (SOIR) of 1.04, which stands stands higher than 77% of readings from the past 12 months.

 
 

You have the chance to join one of Bernie's most exclusive programs, complete access at HUGE savings!

As we prepare for a new administration to take the reins in Washington, the near-term market landscape is rife with uncertainty.

The Federal Reserve has already hinted at the turbulence ahead, lowering its interest rate outlook for 2025.

Meanwhile, breakthroughs in artificial intelligence (AI), quantum computing, and other transformative sectors have unlocked incredible profit potential.

But these opportunities are fleeting, and timing is everything. That's where Quick-Hit Trader comes in.

Quick-Hit Trader is designed for precision and speed, getting you in and out of the market in a flash. While other investors scramble to navigate volatile conditions, you'll have access to expertly curated trades that leverage these rapid shifts to deliver explosive profits in short order.

This is your chance to capitalize on the fast-moving market like never before. Are you ready to make your move?