This past quarter, Lyft provided record revenue of $1.7 billion, surging 11% year-over-year. This impressive surge was driven by gross bookings which increased 16% (indicating solid demand) and impressive pricing power which has led to solid profitability. On that front, Lyft brought in more than $46 million in net earnings, a big swing from the -$12.4 million loss the company saw in the same quarter a year prior.
Irrespective of today's pullback in small caps, some experts might envision a boom in small-cap stocks, and perhaps you want to juice some extra profits if there's a bounce-back. There's no denying that a bet on small-cap growth might bring you amazing results. On the other hand, there are nuances to the Direxion Daily Small Cap Bull ETF that could impact your portfolio, so don't miss out on these crucial details.
While big names get the spotlight, smaller healthcare stocks often hold the most explosive upside, with potential for significant gains in the coming years.