Jim Cramer on Uber, Lyft, DoorDash and Instacart

CNBC’s Jim Cramer gave his take on four major stocks in the gig economy on Monday: Uber, Lyft, door panel and Instacart parents maple bear.

“After listening to all of these companies, I see a confusing picture: Uber, DoorDash and Instacart are all trading at lower post-earnings prices, while Lyft has managed to make some progress,” he said. “But the reality is It’s much more complicated than that.”

• Uber: Cramer said Uber had solid results in its most recent quarter, but the ride-sharing company did report some softness in bookings. In Cramer’s view, that’s what caused the stock price to plummet after last week’s earnings report, stoking concerns on Wall Street about cash-strapped consumers. The stock has yet to recover, but he said he remains fairly bullish on Uber and is pleased with the company’s growing profits and cash flow. But Cramer added that investors should monitor the company to see if it has affordability issues.

• Lyft: Lyft reported a good quarter, with Cramer noting that, unlike archrival Uber, its bookings were actually higher than expected. Lyft appears to be “finally in a more competitive position,” he said. No longer a steady loser to Uber, the stock surged in intraday trading following the earnings release. Cramer said he was pleased with the way Chief Executive David Risher has managed the company’s turnaround and said he was optimistic the stock could continue to perform well.

• Door panel: Cramer said DoorDash had a good quarter, but weaker guidance sent its stock tumbling. He said the food delivery service was “questionable” because it spent money to grow its business. While Cramer said he’s confident in the stock, he warned that the stock’s performance could be difficult to predict until DoorDash shows improved earnings and said investors shouldn’t expect a warm welcome from Wall Street anytime soon.

• Maple Bear: Although he was impressed by Maplebear’s recent quarterly report, Cramer said he was hesitant to recommend the Instacart parent company because he’s not sure what the future of grocery delivery will look like in the long term. Amazon He said the company will continue to try to gain dominance in the space, adding that competing with tech giants is not necessarily a good idea.

Uber, Lyft, DoorDash and Maplebear did not immediately respond to requests for comment.

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Disclaimer CNBC Investment Club Charitable Trust owns Amazon stock.