Uber and Lyft will outperform despite US Labor Secretary's comments that gig workers should be treated as employees, Wedbush says

The future of Uber and Lyft drivers - and the companies - will likely hinge on a hugely important vote in California this November.
Brian Snyder/Reuters
Wedbush's Dan Ives maintained his "outperform" ratings for Lyft and Uber in a note to clients on Sunday.
The managing director of equity research said the rideshare giants are ideal reopening stocks.
Based on checks with industry legal experts, Ives believes federal involvement in gig workers' status is "highly unlikely."
Sign up here for our d