38.21 -0.99 (-2.53%)
After hours: 4:31PM EDT
|Bid||38.50 x 3200|
|Ask||39.25 x 4000|
|Day's Range||38.36 - 39.33|
|52 Week Range||26.01 - 42.00|
|Beta (3Y Monthly)||1.22|
|PE Ratio (TTM)||15.15|
|Earnings Date||Oct 23, 2019|
|Forward Dividend & Yield||0.56 (1.43%)|
|1y Target Est||42.05|
- Revenue of $2.6 billion - GAAP and Non-GAAP EPS per diluted share of $0.37 and $0.67 , respectively, on a continuing operations basis - GAAP and Non-GAAP operating margin of 20.1% and 26.6%, respectively ...
U.S. stocks rose slightly in a choppy session of trading as investors considered major corporate bellwethers’ concerns that a slowing global growth environment was crimping their quarterly earnings results.
EBay Inc.’s Wednesday afternoon earnings report comes at a pivotal time, following the resignation last month of the e-commerce company’s chief executive and an ongoing strategic review into the potential sale of business units.
CEO Mark Zuckerberg is expected to tell Congress that Facebook’s cryptocurrency could help people who don’t have bank accounts, but the social network’s (FB) foray into cryptocurrency could also mean trouble for consumers’ finances. The social-media giant’s cryptocurrency, called Libra, will be a “stablecoin” linked to the value of other currencies, unlike other cryptocurrencies like bitcoin (CH:BTC) Consumers who use Facebook’s Messenger service, WhatsApp, or a stand-alone app, will be able to access Libra through a digital wallet managed by new Facebook subsidiary Calibra.
When the music stopped Tuesday afternoon, the CEOs of three large public companies were sitting in new seats. (NKE) (ticker: NKE) announced Tuesday afternoon that Chief Executive Mark Parker would step down by the end of the year, to be replaced by (NOW) (NOW) CEO John Donahoe. Just minutes later, ServiceNow said that its new CEO will be Bill McDermott, who stepped down from the CEO role at (SAP) (SAP) less than two weeks ago.
Urged by activist investors Elliott Management Corp. and Starboard Value, the company has been evaluating the potential sale of StubHub and the eBay Classifieds Group — a debate that appears to have led to CEO Devin Wenig’s ouster last month.
Investing.com -- Mark Zuckerberg heads to the Hill to defend his Libra project, while the EU gets ready to grant another Brexit extension and Russia's energy minister disappoints hopes for more cuts in output from OPEC+. Meanwhile, Microsoft and Caterpillar head a cast of thousands reporting their third-quarter earnings. Here's what you need to know in financial markets on Wednesday, 23rd October.
Nike Inc's long-time chief executive officer, Mark Parker, will step down next year and be replaced by board member and former eBay CEO John Donahoe, who will be tasked with strengthening the sportswear maker's online strategy. Donahoe, who has been on Nike's board since 2014, will join the sneaker maker from cloud computing firm ServiceNow Inc , where he was CEO for more than four years. Prior to that, he led online retailer eBay for the seven years through 2015.
Facebook CEO plans to tell House committee that the company will not go forward with a digital currency until U.S. regulators sign off.
Halloween — or should we say Howl-o-ween — is going to the dogs. Americans will spend $490 million on costumes for their pets this Halloween, according to the National Retail Federation, which is more than double what they dropped to dress their dogs, cats and other critters in 2010. Sara Ochoa is one of the 29 million people getting her furbaby into costume for the occasion.
Fortive's (FTV) third-quarter earnings are likely to have benefitted from strong product portfolio and healthy contribution from acquisitions.
Market participants are betting on the record-high U.S. indices as about 120 S&P 500 companies are scheduled to release their results this week.
(Bloomberg) -- Google searches for a popular antibiotic and a baby teething product send some users to suspect websites, according to a report released on Monday by a firm that tracks trademark and copyright infringement online.Earlier this year, six of the 10 results on the first page for the Google search “buy Bactrim online” showed links to websites that were “operating unlawfully and misusing” the Bactrim trademark, Incopro Ltd. said in the study.Another Google search for “wholesale Comotomo teether” produced nine organic results that directed users to an online marketplace or e-commerce website. Three of those sites listed “potentially harmful products that misuse the Comotomo trademark,” Incopro also reported.The results are based on searches Incopro ran using its software and data from web marketing firm SimilarWeb Ltd. Incopro wrote to Alphabet Inc.’s Google about its findings and the company said it got a written response from the internet giant, which it quoted in the study.“Google aggregates information published on the web returning users different web pages that relate to their search requests, but we don’t make any claims about the content of these pages,” Google wrote in its response, according to Incopro.Google has had a mixed record in dealing with contentious websites, Incopro said. The internet giant will remove website addresses from its search index for infringing copyright. But it won’t act when it is told that its search engine is pointing to sites selling counterfeits and infringing trademark rights, Incopro said. The firm noted that that other large internet companies including Facebook Inc., EBay Inc. and Amazon.com Inc. will take action in these cases.“Google takes the view that it is not (and cannot be) a ‘publisher’ when it is told that it is returning results for counterfeit web pages and so it does nothing,” Incopro wrote in its report. “If Google did remove these websites from their index these sites would be starved of oxygen and would fail.”The study suggests that Google search results for antibiotics are still showing suspect websites almost as much as they were three years ago, when another report from the Alliance for Safe Online Pharmacies showed 65% of search results for prescription drug terms led U.S. consumers to sites selling unapproved and dangerous medication.Search engines like Google should do more to protect consumers from unsafe results, Incopro said. “The FDA and other government bodies have limited resources and cannot be expected to solve every problem,” the report said. “Brand owners should be able to request that search engines de-index these sites themselves.”To contact the reporter on this story: Gerrit De Vynck in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Jillian Ward at email@example.com, Alistair Barr, Anne VanderMeyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Third-quarter earnings season is in full swing, with 122 S&P 500 components releasing results this week. The economic data highlight will be Thursday’s September durable goods orders, a decent proxy for business investment.
Performance of eBay's (EBAY) core marketplace business is likely to have been impressive in Q3. Yet, heightening competition might have hurt its earnings.
Here's why retail stocks may stage a holiday spending season breakout. Shop for some trading opportunities using these three retail ETFs.
eBay (EBAY) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Despite the ongoing U.S.-China trade war, shares of Alibaba (NYSE:BABA) stock are currently up over 25% in 2019. Many of America's largest tech stocks would love that kind of growth. That doesn't mean that BABA stock is without its issues. The stock is still trying to claw back to its 52-week high that it achieved in June. The stock has been trading in a fairly well-defined range for the last two years.Source: Jirapong Manustrong / Shutterstock.com Looked at without the overlay of being located in China, Alibaba Group is a company American investors should love. However, the sheer size of the Chinese e-commerce giant and the ongoing trade war add a risk premium to Alibaba stock. And that risk doesn't look to be easing up anytime soon. Alibaba is an Economy Unto ItselfIt's often mentioned that Alibaba Group is like Amazon (NASDAQ:AMZN). However, BABA is also part eBay (NASDAQ:EBAY), Google (NASDAQ:GOOGL), and Fed Ex (NYSE:FDX) rolled into one. In fact, CEO Daniel Zhang told investors the best way to understand Alibaba is to think of it as an economy unto itself. That was in 2017.InvestorPlace - Stock Market News, Stock Advice & Trading TipsToday, Alibaba has a market capitalization of almost $430 billion. By 2037, the company has plans to create 100 million jobs, support 10 million profitable businesses and serve 2 billion consumers worldwide. This would make Alibaba the world's fifth-largest economy. * 10 Hot Stocks Staging Huge Reversals And that's where things get interesting. Companies like Google, Amazon, and Facebook (NASDAQ:FB) have been in the government's crosshairs for being monopolistic. As I see it, if Alibaba were a U.S. company they would trump (no pun intended) all the other FAANG stocks in being the villain of the 2020 campaign. Politicians seeking to score political points would look at Alibaba and cry monopoly. Then, like they've done with American big tech, they would look to break it up, or at the very least regulate it. BABA Stock is not Immune to Trade TroublesI don't know if American politicians are upset with Alibaba. If they are, the best they can do is to punish Alibaba via the trade war. I'm not suggesting that BABA is the target of the trade war. However, Alibaba stands to lose access to U.S. investor capital.A report from Bloomberg News said the White House was considering blocking government pension funds from investing in China. Bloomberg also reported that the White House was considering delisting Chinese stocks from American exchanges. This would be a more substantive blow.However, perhaps as part of the "trade truce" between the two countries, U.S. Treasury Secretary Steve Mnuchin said that the Trump administration "is not contemplating blocking Chinese companies from listing shares on U.S. stock exchanges at this time."This report followed a CNBC report stating the White House was considering curbing U.S. investment in China. The move was being considered to "protect U.S. investors from excessive risk due to lack of regulatory supervision." * 7 Dividend Stocks to Buy (With Brands You Can Find In Your Kitchen) This gets to the heart of the matter. In 2013, The United States and China signed a memorandum of understanding that included a clause that allows Chinese companies to withhold certain documents from U.S. regulators. The significance is that, particularly prior to its IPO, Alibaba was being accused of irregular accounting practices. However, perhaps to appease American investors, in 2015, the Chinese government cracked down on Alibaba. This caused then CEO Jack Ma to say the company was indeed not too big to fail. What is the Real China Price that Alibaba Stock has to Pay?My InvestorPlace colleague Will Healy made the argument that Alibaba stock has already priced in the geopolitical effects of the trade war and the ongoing turmoil in Hong Kong. However, while the Chinese like to save face, so will American corporations and investors. Right now, the optics surrounding China are not favorable. Will American corporations and investors make a conscious efforts to limit their exposure to China? If, and that's a big if, it would have an undetermined effect on BABA stock.The Chinese desire to save face is cultural. The American desire to do the same is more circumstantial. In time (but in fairness, nobody can say when) the current issues surrounding China will fade. Once that occurs, American investors will almost certainly take a renewed interest in BABA.For now, uncertainty is the price that investors in Alibaba stock are going to have to pay. But if they do, the payoff in a world with less tension toward China should be immense.As of this writing, Chris Markoch did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 7 Best Penny Stocks to Buy * 7 Bank Stocks to Avoid Now at All Costs * The 10 Best Mutual Funds for Your 401k The post Invest in Alibaba Stock for the 'What' and not the 'Where' appeared first on InvestorPlace.
The typical Facebook employee stays with the company for just over 2.5 years, a Business Journal analysis shows. This is how that compares to other large Silicon Valley tech employers, like Cisco, Apple and Intel.
TORONTO , Oct. 17, 2019 /CNW/ - Today, eBay Canada announced the winners of its 15th annual Entrepreneur of the Year Awards, recognizing exceptional Canadian small businesses who are harnessing the opportunities of eBay's marketplace to reach new customers across the country and around the world. "As an enabler of and champion for small businesses, we're proud to be celebrating and supporting the very best in Canadian entrepreneurialism on eBay," said Andrea Stairs , General Manager of eBay Canada & Latin America .
The NFL’s dramatic expansion of mobile ticketing this year has gotten off to a bumpy start, but league officials and ticketing industry experts say problems are isolated and can be resolved with time and education.