|Bid||35.49 x 4000|
|Ask||36.20 x 1100|
|Day's Range||34.75 - 35.74|
|52 Week Range||32.77 - 42.00|
|Beta (5Y Monthly)||1.26|
|PE Ratio (TTM)||15.89|
|Earnings Date||Jan 27, 2020|
|Forward Dividend & Yield||0.56 (1.57%)|
|Ex-Dividend Date||Nov 28, 2019|
|1y Target Est||39.61|
Earnings season kicks into higher gear Tuesday with a slew of quarterly reports, but investors will be paying especially close attention to tech giant Apple and chipmaker Advanced Micro Devices.
Rick Probstein, one of the largest sellers of sports memorabilia on online auction site eBay, was at his computer working in his New Jersey office on Sunday when sale of items featuring former NBA superstar Kobe Bryant suddenly shot higher. Since the news of Bryant's death broke, about 50 people have contacted Probstein to list related memorabilia items on consignment on eBay, he said.
Investors will get a sense of how the company fared over the holiday period when it reports fourth-quarter earnings on Tuesday, Jan. 28 after the market closes.
(Bloomberg Opinion) -- The most recent retail sales data provides a glimpse into the mind of the U.S. consumer.The latest monthly retail sales report from the U.S. Census Bureau recorded December sales (excluding gasoline, automobiles and restaurants) of $384.6 billion. Compared with the prior year’s $ 360.5 billion, that’s a solid year-over-year gain of 6.7%. Sales in November 2019 were $330.2 billion for a 1.1% gain over 2018’s $325.9 billion. Average these two-monthly totals and you get a 4.1% year over year gain for the holiday-shopping period.Those are strong numbers. Delving deeper reveals several interesting data points:\-- consumer sentiment has fully recovered from the lows after the financial crisis and is back to levels that prevailed in mid-2000s;\-- sentiment is still below the frothy dot-com peak of the late 1990s, suggesting that consumers are confident about the future but not in a reckless or unsustainable way;\-- consumer debt relative to disposable income remains at the lowest level in at least four decades, indicating that there's room for them to spend more:These three data points suggest that the next few quarters of gross domestic product growth, retail sales and durable goods orders are likely to be robust.In the typical election year, these economic positives tend to benefit the White House incumbent. I will let others debate whether this is a typical election year.Two other interesting issues worth mentioning: Online sales measured by point-of-sale credit-card transactions from MasterCard’s SpendingPulse showed that e-commerce in 2019 reached all-time highs. E-commerce now accounts for 14% of U.S. retail sales and likely will continue to claim a growing piece of the pie. Worldwide, online sales have nearly tripled during the past five years from $1.3 trillion in 2014 to more than $3.5 trillion in 2019, according to Statista. Projections are for this to more than double during the next five years.One surprise from the MasterCard data is that online shopping is accelerating, rising 18.8% last year compared with 2018’s 18.4%. There are few signs online retail is slowing. If anything, the generation that grew up online doesn't think of e-commerce as anything special; it's simply retail.One other observation: Perhaps the most intriguing online retail outlet is Instagram’s Checkout. It was named 2019’s Technology of the Year by Mobile Marketer. Fashion site Glossy describes Instagram as the next big sales channel “for direct-to-consumer companies and traditional retailers alike.”More than just promoting a brand or product, Instagram is facilitating the sale of products directly to consumers. The company takes its slice of the transaction. Combine this with the lethally accurate algorithms deployed by parent company Facebook Inc. and you can imagine the sort of sales growth that might lie ahead.To give you an idea of the size of this marketplace, Instagram has more than 1 billion accounts active each month worldwide (Facebook has 2.45 billion active users). Most of them have some form of payment system, including credit cards, Venmo, PayPal or Apple Pay.So far, Instagram Checkout has been rolled out slowly since the platform introduced it in March. It has been testing product tags in posts since 2016. Again according to Glossy, tags came to “Instagram Stories” about two years later. The fashion site, quoting Instagram, reports that 130 million people tap a product tag to shop or see a price every month. Instagram is native to mobile, which is where the new generation of consumers spend most of their connected time. Although Instagram hasn't made a big splash in online retailing yet, the potential is there.To be sure, there are some inklings of problems with counterfeit goods. This has been an issue that has haunted both Amazon.com Inc. and eBay Inc. If Instagram wants to become a serious player in retail, it needs to nip this in the bud.Disruption doesn't sleep. Don’t be surprised if the incumbent stars of e-commerce -- the leading members of the last generation of disruptive technologies — become the new victims of creative destruction.The relative health of the American consumer makes the disruption all the more likely — and sooner rather than later.To contact the author of this story: Barry Ritholtz at email@example.comTo contact the editor responsible for this story: James Greiff at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Barry Ritholtz is a Bloomberg Opinion columnist. He is chairman and chief investment officer of Ritholtz Wealth Management, and was previously chief market strategist at Maxim Group. He is the author of “Bailout Nation.”For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Amazon has boosted its position as the world’s most valuable brand surpassing Google, Apple and Microsoft, according to a global report.
The Trump administration plans to unveil efforts on Friday to crack down on counterfeit and pirated goods sold on major e-commerce sites and urge companies to do more to vet third-party sellers and increase self-policing efforts. Acting Department of Homeland Security Secretary Chad Wolf and White House adviser Peter Navarro will be among officials at a news conference on Friday to discuss the effort at the National Intellectual Property Rights Coordination Center in Arlington, Virginia, administration officials said on Thursday. Law enforcement agencies are planning "immediate actions" to identify counterfeit goods and seek "all available statutory authorities to pursue civil fines and other penalties against these entities," according to a DHS report reported by the Wall Street Journal on Thursday and confirmed by an administration official.
PayPal stock has rebounded ahead of earnings due out late Jan. 29. Analysts expect updated 2020 guidance to include the $4 billion acquisition of consumer app Honey and Venmo services.
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.
Performance of eBay's (EBAY) core marketplace business is likely to have been impressive in Q4. Yet, heightening competition might have hurt its earnings.
Britain's tax policy is a matter for the British government, not the United States or the European Union, trade minister Liz Truss said on Thursday when asked about pressure from the U.S. administration over a planned digital tax. "Let me be absolutely clear, UK tax policy is a matter for the UK Chancellor, it's not a matter for the U.S. it's not a matter for the EU, it's not a matter for anybody else, and we will make the decisions that are right for Britain," Truss said.
Members of "The Faithful" who can't pass up the opportunity to cheer on the 49ers against the Kansas City Chiefs in Miami on Feb. 2 may have a new payment option for snagging a ticket. With fans perhaps wary of maxing out their credit cards for Super Bowl seats, two San Francisco-based companies have rolled out a financing partnership that offers another option. Affirm Inc., a fintech that provides consumer payment alternatives to cash and traditional credit, announced the new partnership on Tuesday with eBay-owned StubHub, which enables fans to purchase event tickets upfront and pay for them over time.
EBay Inc. has laid off 102 employees in San Jose and San Francisco, with additional layoffs reported in the company’s Seattle office. The San Jose e-commerce giant notified the state of California of the 102 Bay Area layoffs on Wednesday, with most of the cuts affecting San Jose employees. “It is part of our normal course of business to regularly evaluate initiatives and investments for eBay’s continued long-term success,” company spokeswoman Julianne Whitelaw told the Silicon Valley Business Journal in an email.
Last year it doubled its headcount to reach 850 employees and expects more considerable growth at its San Francisco headquarters and New York office.
Built on top of data collected by SAP analytics cloud and resembling an air-traffic control room, the team’s Executive Huddle service is housed in a suite at Levi’s amid popcorn, drinks, and assorted snacks.
Wells Fargo downgraded EBay, the auction and retail site, in the face of what the firm sees as increasing competition from Amazon and multichannel retailers.
Shares of eBay Inc. are off 1% in premarket trading Friday after Wells Fargo analyst Brian Fitzgerald downgraded the stock to underweight from equal weight in a note titled: "Value Stock Or Melting Ice Cube?" He sees an unattractive risk-reward scenario going forward given his expectation that eBay will continue to face challenges with its core marketplace business, including due to a U.S. internet sales tax rollout and increasing competition from new marketplaces as well as established players. "We estimate eBay's U.S. gross merchandise volume (GMV) through the first three quarters of 2019 was 5.8x larger than the combined GMV of emerging marketplaces Etsy, RealReal, Mercari and Poshmark, down from 7.6x larger in 2018," Fitzgerald wrote. He cut his price target to $32 from $45. Shares are off 8% over the past three months, while the S&P 500 has gained 11%.
Indian e-commerce space gets pepped up with the growing initiatives of overseas companies like Amazon (AMZN), Walmart (WMT) among others.