|Bid||0.00 x 800|
|Ask||0.00 x 1000|
|Day's Range||34.01 - 34.37|
|52 Week Range||32.85 - 46.99|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 16, 2018 - Oct 22, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||44.16|
The Bellevue startup raised $39 million last month as part of a $150 million round to ramp up hiring and take on competitors eBay and Craigslist.
The fiscal first quarter was a mixed bag for FedEx (NYSE:FDX), with FedEx stock off 3.9% in afternoon trading. There was strength across the main three units of FedEx’s business. As for FedEx Ground, there was a 13% increase and FedEx Freight posted a gain of 18%.
After a fairytale inaugural season, the Vegas Golden Knights are the most in-demand team for the second year in a row, propelled by a fervent fan base and a record-setting Stanley Cup run. The Golden Knights outsell the Toronto Maple Leafs, StubHub's second top-selling team, by 27% and this year marks the first time a team has been at the top of the list for two consecutive years since the Chicago Blackhawks claimed the top spot for the 2014, 2015 and 2016 season starts.
Why are the analysts bullish? About 56.0% of the nine analysts covering Etsy (ETSY) stock recommended a “buy” as of September 13. Another 33% of analysts recommended “hold” on the stock, and the remaining 11% analysts rated it as a “sell.” Analysts are bullish for Etsy, as the company’s strategic efforts are heading in a positive direction. There have been two price changes for the stock in the last 30 days.
PayPal Holdings (PYPL) has recently been upgraded by an analyst at KeyBanc Capital Markets for the company’s new Venmo debit card. On September 11, KeyBanc analyst John Beck raised the price target on PayPal stock to $105 from $100. PayPal’s Venmo is one of the most widely used mobile apps for P2P payments in the United States.
An online retailer of handcrafted goods, Etsy’s (ETSY) stock price has risen 147.2% this year to $50.55 on September 13. Etsy has held its ground despite Amazon’s entry into the crafts space. Among Etsy’s peers, Shopify (SHOP) is up 54.0% to $155.50 YTD (year-to-date) as of September 13, while Wayfair (W) is up 84.4% to $148.08.
Yandex (YNDX) is on track to launch its Yandex.Music service in Israel in the coming weeks, the Times of Israel has reported. The move could see Yandex match its competitor Spotify (SPOT), which launched its streaming music service in Israel in March. With over 180 million listeners, Spotify runs the world’s largest online music service.
Tencent (TCEHY) exited the second quarter with $5.2 billion in net debt compared to its net cash of $3.1 billion a year ago. While Tencent’s balance sheet position has shifted from net cash a year ago to net debt recently, it all appears to be for good reason. The company has stepped up its game in making strategic investments.
PayPal’s (PYPL) FundsNow program allows businesses to access their sales funds instantly instead of waiting for days or weeks, as has been typical over the years. Instant access to funds could allow borrowers to settle their PayPal loans faster. PayPal could end up facilitating more loans in a year than it did before it launched the FundsNow program.
EBAY continued weak into early August but it has found buying in the $34-$33 area, above the Point and Figure target in the $31-$30 area. In this updated daily bar chart of EBAY, below, we can see the early basing action on the chart from early August. The daily On-Balance-Volume (OBV) line has broken its decline from April and tells us that buyers of EBAY have become more aggressive.
Fintech cuts a wide swath, covering the digital, online and network-based tools and services used by banks, brokerages and other financial institutions. But while it is, by its very nature, technology, the best fintech stocks span the gamut from young to old - even long-established credit-card companies such as Visa (V) and Mastercard (MA) fit under the "fintech" umbrella. Some fintech tools provide customers more convenient banking and financial services. Other companies in the space allow banks to simplify compliance, recordkeeping and myriad mission-critical, everyday and other functions. In general, fintech is good for everyone: Financial institutions can lower their costs (and boost earnings), and customers enjoy better, faster, cheaper financial services. Many financial institutions finally are more profitable than in the years leading up to the financial crisis. With stronger earnings, aided by corporate tax cuts and an improved economy, banks are increasing their spending on technology. This, as well as other drivers, are boosting the earnings of these five fintech stocks - and setting the stage for further growth. SEE ALSO: The 25 Best Stocks to Buy (According to Hedge Funds)
Intuit (INTU) plans to repurchase up to $3.2 billion worth of its shares. The Intuit board thinks shareholders deserve more, so the board has authorized an additional $2.0 billion for share repurchases, meaning Intuit has $3.2 billion in all to return to shareholders by way of buying back shares. Intuit made a profit of $1.2 billion in fiscal 2018 and ended the period with $1.5 billion in cash.
Shopify (SHOP) has redesigned its app store to make it easier for merchants to discover and install apps they can use to make more sales and generate more profits. Shopify decided on the need for the app store redesign after it noted that 85% of its merchants rely on apps to run their online stores. Running an online marketplace such as Shopify is big business.
Microsoft (MSFT) is holding a Surface event next month in New York City. Surface is the brand name of Microsoft’s premium line of tablets, laptops, and desktop devices. The company is expected to unveil Surface devices at the upcoming event.
The move could potentially help eBay. Verifying the authenticity of luxury watches that appear on the site could help eBay avoid those risks and give customers some peace of mind while shopping on eBay.
European Union lawmakers voted on Wednesday to force Google (GOOGL.O), Facebook (FB.O ) and other technology firms to share more revenues with European media, publishers and other content creators in a shake-up of copyright rules. The European Commission, which began the debate two years ago, says the overhaul is necessary to protect Europe's cultural heritage and create a level playing field between big online platforms and publishers, broadcasters and artists.
StubHub Announces Top-10 Canada Tours This Fall: BTS Takes #1 Position as K-pop Conquers Canada
PayPal (PYPL) believes it can work with Amazon (AMZN) to process payments for Amazon shoppers and sellers. PayPal’s CEO Dan Schulman at one point suggested that the company’s 250 million customers make it a valuable partner for any serious retailer.
PayPal (PYPL) saw its stock price climb over 2% Tuesday after the company announced its Funds Now instant payment feature for businesses. PayPal's latest move helps it better compete in a crowded digital payment industry. The question for investors is should they consider buying PYPL stock at the moment?
The sophisticated head-tracking system like the one built into the iPhone X may have been intended for AR and security purposes, but it may also turn out to be very useful for people with disabilities. A proof of concept app from an eBay intern shows how someone with very little motor function can navigate the site with nothing but head movements. Muratcan Cicek is one such person, and relies on assistive technology every day to read, work, and get around.
Amazon (AMZN) has ordered 20,000 delivery vans for a new package delivery program that will rely on a close-knit group of contractors for last-mile deliveries. While the vans will bear Amazon’s brand, the company will not directly own them. Instead, it has partnered with fleet operators to own the vans and then lease them to delivery contractors working for Amazon.
Online shopping can be difficult if you don't have full use of your hands, since it frequently assumes that you can tap or click your way through a sale. It developed an open source project, HeadGaze, that uses head tracking on the iPhone X (and, we presume, future iPhones) to enable hands-free shopping. While it's geared toward shopping, eBay is betting that developers will apply the technology to other apps and experiences.