57.00 -0.43 (-0.75%)
Pre-Market: 8:59AM EST
|Bid||57.00 x 800|
|Ask||57.60 x 800|
|Day's Range||55.96 - 57.94|
|52 Week Range||16.72 - 58.30|
|Beta (3Y Monthly)||0.17|
|PE Ratio (TTM)||89.45|
|Earnings Date||Feb 25, 2019 - Mar 1, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||55.08|
Since the start of last year, the market value of Etsy Inc. has nearly quadrupled. In that same time period, three former colleagues at Square Inc. started an online wholesale market for handmade goods and have already amassed more than $100 million in investments. Faire pitches its service as a way for mom-and-pops to keep up with Amazon.com Inc.
The recent sell-off in tech stocks has led to divergent views on Shopify (NYSE:SHOP). Others look to the enormous growth of Shopify stock as filling the niche that Amazon (NASDAQ:AMZN) cannot supplant. Some look at the forward price-to-earnings (PE) ratio that hovers above 220 and conclude that it has nowhere to go but down.
Alphabet's (GOOGL) Google CEO faces allegations regarding political biasness in the company's search results as well as data privacy issues.
As a result, operating income in the first quarter of 2018 fell to -$54.4 million, versus -$2.3 million in the first quarter of 2017. In the second quarter of 2018, operating income came in at -$66.5 million, versus -$9.7 million in the second quarter of 2017.
In particular, there are three e-commerce companies rivaling Amazon's growth rate in the 2000s: New Age Beverages Corporation (NBEV), Etsy (ETSY), and Conversion Labs (CVLB). Conversion Labs (CVLB) remains under the radar despite substantial growth from $0 to ~$10 Million in revenue from just one of its brands since launching in 2017, far greater than the $2 Million in revenue New Age Beverages Corp achieved in 2016 after launching in 2015. New Age Beverages Corporation (NBEV) (Market Cap: $333.588 M) (Share Price: $4.58) saw a huge jump of 15.6% in its share price last week, after announcing the acquisition of Morinda Holdings for $75 million in cash and $10 in NBEV stock.
Apple (AAPL) is deepening its relationship with Amazon through a music streaming alliance, its app store monopoly case has reached the Supreme Court and analysts are weighing in on iPhone demand.
Etsy ETSY and Wayfair W have each logged double-digit gains since the beginning of November. Boris Schlossberg , managing director of FX strategy at BK Asset Management, says there are two factors that are giving rise to these second-generation tech names. Number two, I think Christmas online shopping has really gone mainstream," Schlossberg told CNBC's " Trading Nation " on Friday.
Shopify (SHOP) recently acquired Swedish e-commerce company Tictail. Financial terms of the deal have not been disclosed. Shopify is acquiring strategic businesses at a time when it is getting into more heated competition with Amazon (AMZN) for not just online shoppers but also sellers.
JD.com (JD) stock has plunged in 2018 and hit multiyear lows. In addition to the trade standoff between the United States and China that has generally caused sell-offs in global stocks in recent months, the sell-off in JD stock can also be linked to challenges particular to the company. In the first JD-specific challenge is the company reported third-quarter revenue that missed the consensus estimate.
In September, the company began allowing professional merchants to list used luxury watches with its authenticity badge that shows buyers that a product is genuine. Beginning next year, eBay is planning to expand its used luxury watch authentication service beyond professional merchants to everyone wanting to sell a secondhand luxury timepiece on its marketplace, according to Reuters.
Amazon (AMZN) warehouse workers across several European countries walked off the job on Black Friday, a crucial annual shopping day that also marks the start of the festive shopping season for retailers. Amazon warehouse workers in countries such as Germany, Spain, and Britain staged strikes to demand better pay and better working conditions from the company. While some labor unions claimed that as many as 90% of the Amazon workers they represent participated in the strike, Amazon downplayed the impact of the strike.
Amazon (AMZN) has lifted the months-long restriction that prevented Australians from shopping on its global marketplace, a decision that generated consumer backlash for the company.
Groupon (GRPN) turned ten years old this month. First, Groupon wants to continue investing in growing its business organically. Groupon’s revenue declined 7.0% YoY to $592.9 million in the third quarter.
The Nifty 50 were buy-and-hold darlings in the 1960s and 1970s and the big tech titans were the same in the late 1990s. What can investors learn from those manias?
Short interest is low for ETSY with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. The net inflows of $210 million over the last one-month into ETFs that hold ETSY are among the lowest of the last year and appear to be slowing.