|Bid||39.92 x 800|
|Ask||39.93 x 1800|
|Day's Range||39.47 - 40.13|
|52 Week Range||26.01 - 42.00|
|Beta (3Y Monthly)||1.39|
|PE Ratio (TTM)||15.42|
|Earnings Date||Jul 16, 2019 - Jul 22, 2019|
|Forward Dividend & Yield||0.56 (1.40%)|
|1y Target Est||42.35|
eBay (EBAY) stock was up by more than 5% on Thursday after it delivered its second-quarter earnings results on Wednesday.
IBM and eBay both moved into buy range Thursday, following quarterly results that beat expectations. EBay retook a buy point after reporting a 28% earnings advance and a 2% rise in revenue.
U.S. equities wavered on the day, with stocks initially falling on Thursday as investors digest another round of earnings. However, the indices jumped abruptly in the final 120 minutes of trading. After settling down a bit, investors eventually saw a 0.27% advance in the Nasdaq today. The PowerShares QQQ ETF (NASDAQ:QQQ) tacked on a 0.11% gain.Source: Shutterstock The S&P 500 and Dow Jones also rose on Thursday.Of course, the main discussion right now is earnings. As interesting as the banks can be, we've finally got a big one to talk about: Netflix (NASDAQ:NFLX).InvestorPlace - Stock Market News, Stock Advice & Trading Tips Tech Earnings Kick OffNetflix reported earnings of 60 cents per share, which fell 30% year-over-year but beat analysts' expectations by 4 cents. Unfortunately, this isn't a story about profits, it's a story about growth and NFLX failed to deliver -- big time. * Dow Jones Today: An Impressive Comeback Revenue of $4.92 billion grew 33% year-over-year, but was only in-line with estimates. It's surprising NFLX didn't miss, given that subscriber results missed so badly. In the U.S., Netflix lost 126,000 subscribers, well below the 300,000 subscribers analysts were expecting it to add in the quarter. It was the company's first decline in eight years. Internationally, Netflix added 2.8 million subs, which came up short of expectations for 4.8 million.It's no surprise that shares tanked more than 10% on the day and closed near the lows. We've mentioned a few times over the past few weeks that increasing competition and Netflix losing some its top shows could be a problem. It's not like NFLX is going anywhere, but with negative free cash flow and little in the way of profits, investors may not be willing to assign it such a premium valuation.Surprisingly, the other FANG stocks took Netflix's beating pretty well.International Business Machines (NYSE:IBM) beat bottom-line expectations but -- shocker -- came up short on revenue. Still, the Street looked past the miss and bid up shares of IBM, which is now quite close to new annual highs. (Here's the trade setup). Click to EnlargeShares of eBay (NASDAQ:EBAY) climbed 1.9% on Thursday, after beating on earnings and revenue expectations. However, that's well off the stock's initial 7.6% rally to $42, which set a new 52-week high in the process. Let's see if there's more upside to come in the days ahead or whether $40.50 will remain as tough resistance.Last but not least is Microsoft (NASDAQ:MSFT), which will report earnings after the close. Up 33.5% year-to-date, boasting a $1 trillion market cap and less than 2.5% off its highs sets up for tough bar to hurdle. Expectations call for revenue to grow 9% year-over-year to $32.77 billion and for earnings to jump 7% to $1.21 per share. And you know its Azure unit will be in focus. Heard on the Nasdaq TodayShares of Advanced Micro Devices (NASDAQ:AMD) fell about 3.5% at one point. However, AMD ended down "just" 1.8%, after the company was downgraded by Mizuho analysts. They cut their rating from buy to neutral, but raised their price target to $37 from $33. Seems like it might be an opportunity for investors if AMD goes lower.Apple (NASDAQ:AAPL) caught a lift on the day, rising about 1% on a Raymond James upgrade. The analysts went from market perform to outperform on increased confidence for next year's 5G iPhones. They also bumped Skyworks Solutions (NASDAQ:SWKS) to an outperform rating.In the M&A deal that will never end, reports now suggest that we may soon have an answer for the Sprint (NYSE:S) tie-up with T-Mobile (NASDAQ:TMUS). Apparently, if the Justice Department and the companies can't come to an agreement, the DoJ will sue to block the deal. That may not be what investors want to hear, but just to have a decision would be nice at this point.It's reminiscent of the Qualcomm (NASDAQ:QCOM) deal for NXP Semiconductors (NASDAQ:NXPI). * 5 Top Stock Trades for Friday: IBM, HON, PM, MS, BAC Speaking of Qualcomm, shares sank about 2% on the day after the EU hit it with a $272 million fine. This follows last year's EU fine of more than $1 billion. Of course, QCOM plans to appeal the ruling, but man, does this company have some political risk or what? The DoJ, FTC, European Union, etc. This name seems to move more on government and legal rulings than fundamentals and earnings.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell was long AAPL More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks Top Investors Are Buying Now * The 10 Best Cryptocurrencies to Keep on Your Radar * 7 Marijuana Penny Stocks That Could Triple (But You Won't Make Money) The post Nasdaq Today: Netflix Plunges on Earnings, Microsoftas on Deck appeared first on InvestorPlace.
EBay reported earnings and revenue that beat expectations, but an ongoing business transformation put pressure on gross merchandise volume.
Raymond James' Aaron Kessler maintains an Outperform rating on eBay with a price target lifted from $44 to $45. Morgan Stanley's Brian Nowak maintains at Equal-Weight, price target lifted from $36 to $37. KeyBanc Capital Markets' Edward Yruma maintains at Overweight, $45 price target.
The e-commerce company reported better-than-expected second-quarter results, but there remain considerable signs of weakness in the business, analysts say.
This most-searched list is a feature included in Benzinga Pro's Newsfeed tool. It highlights stocks frequently searched by Benzinga Pro users on the platform. Netflix, Inc. (NASDAQ: NFLX ) shares were ...
Dow Jones component IBM led the blue chips with a 4% gain. Big Blue reported better than expected earnings in the second quarter.
It's another slow day for the stock market today. But there's lots of action under the hood with EBAY, PM, UNP, IBM and financials.
Boot Barn, The Greenbrier Companies, Netflix, IBM and eBay highlighted as Zacks Bull and Bear of the Day
Novartis and eBay grabbed early leads Thursday as Netflix slammed the Nasdaq, even as an analyst upgrade lifted Dow Jones stock Apple toward a buy point.
Shares of eBay (EBAY) rise in after-hours trading following a strong Q2 earnings performance and a hiked full-year profit view. The eBay-heavy ETFs could gain traction from this.
Dow Jones futures: Netflix dived late after subscriber growth badly missed views. IBM stock reversed lower but eBay stock signaled a moves into a buy zone on earnings.
eBay (EBAY) reports impressive second-quarter results on the back of strong GMV growth, advertising revenues and solid cost-cut efforts.
Collectively, the fortunes of the three prominent companies were mixed, and investors are trading their stock accordingly tonight.
EBay (NASDAQ:EBAY) posted its latest quarterly earnings results after hours Wednesday, bringing in stronger figures that include a profit that's better than Wall Street gave it credit for, while revenue did as well, lifting EBAY shares more than 6% late in the afternoon.Source: Shutterstock The online marketplace -- which has now been around for nearly a quarter century -- said its second quarter includes net income from continuing operations of about $403 million, or 46 cents per share. This is about 36.8% lower than its profit from the year-ago period, which totaled $638 million, or 64 cents per share.On an adjusted basis, eBay said its profit tallied up to 68 cents per share, better than the Wall Street consensus estimate of 62 cents per share. The business has been turning its attention toward advertising, payments and other emerging business as it faces competition from Amazon.InvestorPlace - Stock Market News, Stock Advice & Trading TipsRevenue came in at $2.69 billion, gaining 2% year-over-year and surpassing the $2.68 billion that analysts predicted.For its third quarter of 2019, adjusted profit is projected to be in the range of 62 cents to 65 cents per share, in line with the 63 cents per share that Wall Street called for, according to data compiled by Refinitiv. During that period, eBay sees its revenue in the range of $2.61 billion to $2.66 billion, below the $2.68 billion that analysts who were polled by Refinitiv call for.EBAY stock is up about 6.6% after the bell following the company's results. More From InvestorPlace * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond * 7 Dependable Dividend Stocks to Buy * 7 Dependable Dividend Stocks to Buy * 10 Stocks to Sell for an Economic Slowdown The post EBay Earnings: EBAY Stock Surges as Q2 Earnings, Revenue Strong appeared first on InvestorPlace.