|Bid||40.57 x 4000|
|Ask||40.93 x 800|
|Day's Range||40.18 - 41.06|
|52 Week Range||26.01 - 42.00|
|Beta (3Y Monthly)||1.39|
|PE Ratio (TTM)||15.72|
|Earnings Date||Jul 16, 2019 - Jul 22, 2019|
|Forward Dividend & Yield||0.56 (1.39%)|
|1y Target Est||42.35|
eBay’s stock is up some 45% this year, but the returns were frontloaded and the stock has barely budged since an activist got involved in March. Here’s a stock-option trade to bet the next move is up.
EBay on Monday announced the hiring of two new C-suite executives and two new vice presidents, poaching three of those leaders from Amazon and Yahoo.
PayPal (PYPL) is up an impressive 42.5% YTD, continuing a very strong growth trend since the company's spin-off from eBay (EBAY). Here's what investors should expect from PYPL's Q2 earnings report.
Bernstein analyst Harshita Rawat expects that PayPal Holdings Inc. will report "one of the messiest quarters" in recent memory "given many moving pieces around volume growth, Venmo monetization, pricing actions, credit divestiture impact, [foreign exchange], gains on investments, recent M&A & eBay ." Still, she expects that the company will top expectations, though the current consensus forecast doesn't account for recent disclosures around investment benefits. PayPal said recently that it expects 13 cents of earnings impact beyond what it previously forecast related to its investments. The FactSet consensus models 69 cents in June-quarter adjusted earnings per share, while Rawat forecasts 84 cents. She rates the stock at market perform but raised her target price to $110 from $105. PayPal shares are up 0.4% in Monday morning trading, and they've risen 42% so far this year as the S&P 500 has climbed 19%.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Ebay Inc. said Monday that it has named two new executives, who will be joining the executive leadership team. Pete Thompson, eBay's new chief product officer, joins from Amazon.com Inc. where he was vice president of Alexa Voice Service. Mazen Rawashdeh, who previously spent eight years with eBay between 2003 and 2011, has been appointed eBay's chief technology officer. He previously served as a vice president at Twitter Inc. and spent four years as an angel investor and tech advisor. Ebay stock has edged up 0.8% in Monday premarket trading, and has rallied 43.3% in 2019. The S&P 500 index has gained 18.7% this year so far. Read: Ebay shares rise after earnings beat but Amazon looms large
SAN JOSE, Calif., July 22, 2019 /PRNewswire/ -- eBay's product and technology organization was strengthened today with the announcement of Pete Thompson as Senior Vice President and Chief Product Officer, and Mazen Rawashdeh as Senior Vice President and Chief Technology Officer. Both will be members of eBay's executive leadership team, reporting to President and CEO Devin Wenig. Thompson joins eBay from Amazon where he served as Vice President of Alexa Voice Service.
U.S. equities continue to march higher, with the Dow Jones Industrial Average continuing to hold above the 27,000 level, despite taking a dive into the close.Investors have a lot to chew on, with the second-quarter earnings season rolling on ahead of the July Federal Reserve policy decision -- where interest rates are expected to be cut by 0.5% according to the futures market.Sure, there are many reasons to still feel nervous including the ongoing U.S.-China trade spat and simmering tensions with Iran in the Persian Gulf. But for now, the focus is on how many companies -- especially in the technology sector -- are continuing to deliver solid results. Well, for the most part.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 High-Flying, Overvalued Stocks in Danger of Crashing A number of stocks in the sector are making big moves after reporting numbers. Here are four worth a look: Big Tech Stocks to Watch: Microsoft (MSFT) Click to Enlarge Microsoft (NASDAQ:MSFT) shares tested to a new high above the $140-a-share level today after reporting a top- and bottom-line beat as its cloud services business continues to build momentum.Revenue grew 12% to nearly $34 billion as grows margins expanded to a whopping 69.1%. Breaking it down by sector, productivity and business processes grew 17% in constant currency while intelligent cloud sales grew 21% from last year.While not as snazzy as its younger competitors, Microsoft's steady performance has earned it the position of the world's largest publicly traded company with a $1.07 trillion valuation and a price-to-earnings (P/E) multiple that still seems reasonable. EBay (EBAY) Click to Enlarge EBay (NASDAQ:EBAY) shares are returning to levels last seen in early 2018 as the bulls attempt a breakout from a sideways pattern going back to February.This after the company reported results on July 17 with growth tepid but profitability strong. Earnings have beat estimates for five straight quarters now as the company dials back on promotional activity and instead focuses on the user experience and new features.The company will next report results on Oct. 29 after the close. Analysts are looking for earnings of 64 cents per share on revenues of $2.7 billion. * 7 Defense Stocks to Buy to Fortify Your Portfolio Investors and analysis are looking ahead to the planned spinoff of its StubHub and Classified businesses, which will streamline the company around its high margin areas. International Business Machines Corp (IBM) Click to Enlarge IBM (NYSE:IBM) shares are pushing into clean air, rising up and over its April high to return to levels not seen since early 2018.This after the company reported results on July 17, with earnings of $3.17 beating estimates by nine cents on a 4% drop in revenues. While revenue growth was soft, forward guidance was strong and margins improved slightly.The company will next report results on Oct. 16 after the close. Analysts are looking for earnings of $3.48 per share on revenues of $18.2 billion. Keep an eye on updated guidance due Aug. 2 that will include recently acquired Red Hat. Netflix (NFLX) Click to EnlargeAs the streaming wars intensify with the likes of Apple (NASDAQ:AAPL) and Disney (NYSE:DIS) wading in, Netflix (NASDAQ:NFLX) shares are getting slammed hard after the company reported a drop in subscriber count.The stock fell below its 200-day moving average to exit a multi-month trading range going back to January, which marked the second phase of a long inability to push much past the $400-a-share level since shares hit a record last summer.Only 2.7 million subscribers were added last quarter on a net basis, well below the five million that were forecast. Financial numbers largely met expectations, however, as attention remains on its cash burn rate. * 5 Self-Driving Car Stocks to Buy Notably, the number of U.S. subscribers fell by 130,000 versus guidance for a 300,000 gain -- the first U.S. net subscriber loss since the streaming business was separated from its DVD-by-mail business in 2011.As of this writing, William Roth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Tech Stocks That Are Still Worth Your Time (And Money) * 7 Marijuana Stocks With Critical Levels to Watch * 7 of the Best Smart-Beta ETFs to Target Right Now The post 4 Big Tech Stocks to Watch on EarningsÂ appeared first on InvestorPlace.
Pete Thompson, chief product officer, and Mazen Rawashdeh, chief technology officer, will report to eBay CEO Devin Wenig.
EBay reported earnings and revenue that beat expectations, but an ongoing business transformation put pressure on gross merchandise volume.
The market managed to snap out of a two-day funk before it raced out of control, with the S&P 500 logging a gain of 0.36% on Thursday. Nevertheless, the volume behind the move was modest, and the weight of the gains since early June are still bearing down.Source: Shutterstock The gain took shape despite Netflix (NASDAQ:NFLX), which fell 11% after last quarter's subscriber growth fell well short of estimates. Helping keep stocks in the black despite Netflix's stumble, above others, were International Business Machines (NYSE:IBM) and Philip Morris International (NYSE:PM). Shares of Big Blue improved more than 4% following its second quarter earnings beat, and the cigarette company's stock jumped more than 8% after it crushed its Q2 outlooks.It's the stock charts of eBay (NASDAQ:EBAY), Intel (NASDAQ:INTC) and Mohawk Industries (NYSE:MHK) that offer the most promising trade prospects as the week comes to a close, however. Here's why, and what to look for.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Intel (INTC)It would be easy to give up on Intel here, after the reversal that began to take shape in late May seems to have stalled. It's too soon to throw in the towel just yet, though. INTC stock has found support right where it needed to most, and may only simply be preparing its next move. * 10 Tech Stocks That Are Still Worth Your Time (And Money) If such an effort is brewing and manages to take hold, however, there's a fair amount of upside that could actually be captured in a short period of time. Click to Enlarge• The support in question was offered by the critical 200-day moving average line, plotted in white on both stock charts. This week, it's kept Intel from sinking any lower (highlighted).• That support, however, will mean nothing until INTC stock moves above the gray 100-day moving average line, which more or less coincides with a handful of highs around the $50.50 level.• The long-term pattern favors a move above current levels. Pushing up and off of a support level that now tags all the key lows since the beginning of 2018, plotted in red on both stock charts, a move to the $58 area would repeat and complete the pattern.• Still, there's a decided lack of volume behind the bullish effort thus far. Mohawk Industries (MHK)At the beginning of this month Mohawk Industries was pegged as a good breakout candidate. Though the thrust from June had rolled over, it found a technical floor at the idea spot and turned high again. The move underscored a much bigger upside effort that started to take shape late last year.MHK has knocked over another impasse in the meantime. The technical ceiling that capped the early July gain where June's peak was to be found has been hurdled as well. The backdrop isn't too shabby either. Click to Enlarge• The technical ceiling in question is $153.50, plotted in blue on both stock charts, marking where Mohawk made its last two highs.• Though hardly above average, the volume that had been missing since the late-June bounce is finally starting to take shape.• The rebound from last year's miserable pullback puts that weakness well into the rearview mirror, but also leaves no clear technical ceiling. Last July's high near $228 is the next most plausible resistance. eBay (EBAY)The initial reaction to Wednesday's post-close earnings report from eBay was extreme bullishness, unwinding a sizeable (even if not earth-shattering) setback suffered during Wednesday's regular hours action. It looked like the pause since mid-June was going to give way to a new rally.Thursday's bullishness faded quickly though, and in a big way. While EBAY stock still ended the day with a gain, it ended the day well below the highs, and the stage is set for much more weakness with even just the slightest of slipups. Click to Enlarge• Tall bars made on high volume often indicate pivot points. In this case two consecutive tall bars on volume surges suggest that the profit-takers were and are tearing in, and were planning to do so no matter what.• Zooming out to the weekly chart, we can see that the last overbought condition that coincided with a pullback from a tall weekly bar from early 2018 turned out to be a major pivot point as well.• The key here is the $38.84 area, marked in yellow on the daily chart. That's where eBay shares made a low on Wednesday, but also in late June. A move under that level could prove problematic.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Tech Stocks That Are Still Worth Your Time (And Money) * 7 Marijuana Stocks With Critical Levels to Watch * 7 of the Best Smart-Beta ETFs to Target Right Now The post 3 Big Stock Charts for Friday: eBay, Intel and Mohawk Industries appeared first on InvestorPlace.
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.