eBay (NASDAQ:EBAY) Stock, Quote.Headers.trade-ideas

eBay

EBay operates one of the largest e-commerce marketplaces in the world, with $73 billion in 2023 gross merchandise volume, or GMV, rendering the firm a top 10 global e-commerce company. The company generates revenue from listing fees, advertising, revenue-sharing arrangements with service providers, and managed payments, with its platform connecting more than 130 million buyers and roughly 20 million sellers across almost 190 global markets at the end of 2023. EBay generates just north of 50% of its GMV in international markets, with a large presence in the UK, Germany, and Australia.

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EBAY


	Since its launch in the 1990s, eBay stock has increased by 6,640% from just under $1, despite experiencing significant volatility.
	After a consolidation period where eBay&#39;s stock fluctuated between $35 and $52, it broke through the $52 resistance in March with an 11% increase.


The Journey Of eBay Stock From Humble Beginnings To A 6640% Increase Unveiling The Potential For More Explosive Growth

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PZZA

SNBR

Top 3 Consumer Stocks That May Fall Off A Cliff In Q3

Bedminster,nj-july,31,2022:,Former,President,Trump,Visits,His,Practice,Driving,Range

Politics

Donald Trump Signed Golden Sneakers, Autographed MAGA Hat Up For Auction At Goldin: Here&#39;s The Price Of Presidential Memorabilia

eBay Inc

EBAY ORD

<ul>
<li>Since its launch in the 1990s, eBay stock has increased by 6,640% from just under $1, despite experiencing significant volatility.</li>
<li>After a consolidation period where eBay&#39;s stock fluctuated between $35 and $52, it broke through the $52 resistance in March with an 11% increase.</li>
<li>Despite a recent 24% rise in eBay&#39;s stock, it still needs to gain an additional 25% to return to its all-time high.</li>
</ul>
Since its launch in the 1990s, eBay Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ebay#NASDAQ">EBAY</a>) stock has had an impressive journey. It started at just under $1 and has increased by 6,640% over the years. Despite this growth, the stock has shown significant volatility, highlighting the dynamic nature of investing in tech giants.
The stock&#39;s path to its current state faced many challenges. Notably, eBay&#39;s shares reached a peak of $81 in October 2021, but then dropped by 55% over the next year. This sharp decline was due to the stock failing to hold support levels at $47 and $42, eventually stabilizing around $35.
This downturn caused eBay&#39;s stock price to fluctuate between $35 and $52, leading to a consolidation period. The phase ended in March when the stock surpassed the $52 resistance level with an 11% rise that month.
Since then, eBay&#39;s stock has increased by another 24%. However, it still needs a 25% gain to reach its all-time high again.
This month, eBay&#39;s stock has increased by nearly 10%, showing promising signs. Year-to-date figures are even better, with a strong 48% gain. This performance raises interest in the stock&#39;s potential to keep rising.
Between October 2002 and December 2004, eBay showed it could grow steadily, increasing by 347% in a strong linear trend.
<img alt="2024-09-17_19-16-27.png" src="https://www.benzinga.com/files/u517520/2024-09-17_19-16-27.png" style="height:308px; width:624px" />
This past performance implies that if eBay can exceed its previous peak, it could enter another period of strong growth, potentially offering significant returns to investors.
The future of eBay&rsquo;s stock is interesting as market observers watch to see if it can maintain momentum and possibly set new records, continuing to reward investors with substantial gains.
After the closing bell on Monday, September 16, the stock closed at $64.36, trading up by 1.48%.
&nbsp;
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

As of Sept. 18, 2024, three stocks in the consumer discretionary sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">Sleep Number Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNBR#NASDAQ">SNBR</a>)</h3>
<ul>
<li>On Sept. 17, Piper Sandler analyst Peter Keith maintained Sleep Number with a Neutral and raised the price target from $12 to $16. The company's stock gained around 33% over the past five days and has a <a href="https://www.benzinga.com/quote/SNBR">52-week high of $27.12</a>.</li>
<li>RSI Value: 75.86&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>SNBR Price Action: Shares of Sleep Number gained 8.2% to close at $18.98 on Tuesday.</li>
</ul>
<h3 class="wp-block-heading">Papa John&#8217;s International Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PZZA#NASDAQ">PZZA</a>)</h3>
<ul>
<li>On Sept. 9, Papa Johns named Kevin Vasconi as Chief Digital and Technology Officer. The company's stock gained around 13% over the past month and<a href="https://www.benzinga.com/quote/PZZA"> has a 52-week high</a> of $78.67.</li>
<li>RSI Value: 72.22</li>
<li>PZZA Price Action: Shares of Papa John&#8217;s gained 3.5% to close at $52.56 on Tuesday.</li>
</ul>
<h3 class="wp-block-heading">eBay Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>)</h3>
<ul>
<li>On Sept. 5, Cantor Fitzgerald analyst Deepak Mathivanan initiated coverage on eBay with a Neutral rating and announced a price target of $62. The company's stock gained around 14% over the past month and has a <a href="https://www.benzinga.com/quote/EBAY">52-week high</a> of $64.96.</li>
<li>RSI Value: 82.85</li>
<li>EBAY Price Action: Shares of eBay rose 0.8% to close at $64.88 on Tuesday.</li>
</ul>
Read More: 
<ul>
<li>C<a href="https://www.benzinga.com/24/09/40898216/cramer-hewlett-packard-is-a-very-inexpensive-stock-likes-this-big-tech-stock">ramer: Hewlett Packard Is A &#8216;Very Inexpensive&#8217; Stock, Likes This Big Tech Stock</a></li>
</ul>

Analyst Ratings

Live On CNBC, Josh Brown Tells Al Michaels, Buy eBay; Shares See A Pop In Volume

Live On CNBC, Josh Brown Discusses eBay With Al Michaels, American Sports Commentator; Shares See Volume To The Upside

eBay's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NYSE">EBAY</a>) short percent of float has risen 20.4% since its last report. The company recently reported that it has 30.63 million shares sold short, which is 7.14% of all regular shares that are available for trading. Based on its trading volume, it would take traders 7.76 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>eBay Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726159521_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for eBay has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing eBay's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, eBay's peer group average for short interest as a percentage of float is 9.24%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Peering Into eBay's Recent Short Interest

Fans of former President Donald Trump have the opportunity to get their hands on some memorabilia, including a unique pair of autographed golden sneakers, ahead of the<a href="https://www.benzinga.com/topic/2024-election"> 2024 presidential election.</a>
What Happened: Trump has<a href="https://www.benzinga.com/news/24/02/37206231/45k-for-trump-shoes-sneaker-fans-bet-big-on-limited-edition-experts-doubt-if-it-will-hold-up-over-ti"> released several products</a> in recent years to reach his large fan base and sometimes to fundraise for his presidential campaign efforts.
Earlier this year, Trump launched golden "never surrender high tops." The collection, which was announced at Sneaker Con in February, was limited to 1,000 total pairs.
Of the 1,000 pairs of shoes, 50 were set aside for friends and family with Trump also autographing five of the friends and family pairs.
One of the rare autographed friends and family golden high-top sneaker pairs is now up for <a href="https://goldin.co/item/2024-donald-trump-signed-limited-trump-family-friends-sneakers-10002n5gl?queryId=eyJxdWVyeUlkIjoiY2NkNDUwNjI4ZDAzYzFkZjEzYmU0YTg1MzEyMGZmZTIiLCJjYXJkSW5kZXgiOjN9">auction </a>with Goldin, a leading sports memorabilia auction company that was acquired by eBay Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>) <a href="https://www.benzinga.com/markets/equities/24/04/38182622/game-changing-deal-ebay-collectors-ink-agreement-to-boost-trading-card-hobby">earlier this year.</a>
The shoes are numbered 38 out of 50 and a size 11. The brand new, never worn shoes have the right sneaker signed by Trump.
Jabari Lewis, who is one of the directors of Sneaker Con, is the owner of the shoes. He obtained the sneakers while working at the Philadelphia event. The auction includes a photograph of Lewis shaking Trump's hand and a picture of Trump signing the right shoe. Beckett authenticated the autograph on the sneakers.
The auction, which ends on Sept. 21, is currently at $1,400 with multiple bids on the sneakers since the listing began.
Goldin's Sneaker consignment director Jordan Geller told <a href="https://www.cllct.com/sports-collectibles/auctions/donald-trump-signed-sneakers-put-up-for-bid-at-goldin">Cllct </a>that the Trump auction has attracted strong attention.
Lewis said he was gifted the shoes by Trump who told him, "I hope this signed pair can be a great investment into your life somehow."
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent091124">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: The Trump signed shoes are not the only item featuring the former president up for auction at Goldin.
Current <a href="https://goldin.co/buy/?search=donald%20trump&amp;sort=Ending_Soonest">listings </a>on the website include several autograph cut cards from the 2016 Decision trading card set. The autograph cuts all have bids of $1,600 or more.
There is also an autographed "Make America Great Again" white hat currently at $600 with bids. Trump fans can also bid on magazine covers signed by the former president with an Entertainment Weekly currently at $110 and a Playboy at $550.
Goldin has sold Trump memorabilia via auction in the past with a signed mugshot photo <a href="https://goldin.co/item/donald-trump-signed-print-8-5-x-11-psa-dna-authenticu444k?queryId=eyJjYXJkSW5kZXgiOjF9">going </a>for $5,795, including buyer's premium, in November.
One item that Trump fans would love to get their hands on is the red Make America Great Again hat the former president was wearing when an assassination was attempted on his life. The hat has not publicly surfaced, but could command a premium with Logan Paul and Jake Paul once saying they would pay $12 million for the unique Trump-related piece of presidential memorabilia.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/entertainment/24/02/37325976/donald-trump-gold-sneakers-get-saturday-night-live-parody-treatment-white-men-can-trump-bas">Donald Trump Gold Sneakers Get &#8216;Saturday Night Live&#8217; Parody Treatment, &#8216;White Men Can Trump&#8217; Basketball Trailer</a></li>
</ul>
Photo: Shutterstock

Donald Trump Signed Golden Sneakers, Autographed MAGA Hat Up For Auction At Goldin: Here's The Price Of Presidential Memorabilia

Across the recent three months, 17 analysts have shared their insights on eBay (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>), expressing a variety of opinions spanning from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $59.29, a high estimate of $65.00, and a low estimate of $46.00. Surpassing the previous average price target of $54.53, the current average has increased by 8.73%.
<img src="https://www.benzinga.com/files/images/story/2024/1725555622_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The analysis of recent analyst actions sheds light on the perception of eBay by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Deepak Mathivanan</td>
<td>Cantor Fitzgerald</td>
<td>Announces</td>
<td>Neutral</td>
<td>$62.00</td>
<td>-</td>
</tr>
<tr>
<td>Youssef Squali</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$58.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Eric Sheridan</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Sell</td>
<td>$46.00</td>
<td>$38.00</td>
</tr>
<tr>
<td>Shyam Patil</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Neutral</td>
<td>$60.00</td>
<td>$52.00</td>
</tr>
<tr>
<td>Ygal Arounian</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$65.00</td>
<td>$64.00</td>
</tr>
<tr>
<td>Lee Horowitz</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Buy</td>
<td>$64.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Daniel Kurnos</td>
<td>Benchmark</td>
<td>Raises</td>
<td>Buy</td>
<td>$65.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Mark Mahaney</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$53.00</td>
<td>$47.00</td>
</tr>
<tr>
<td>Thomas Champion</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$64.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Ken Gawrelski</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$55.00</td>
<td>$57.00</td>
</tr>
<tr>
<td>Colin Sebastian</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$62.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Justin Post</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Neutral</td>
<td>$57.00</td>
<td>$53.00</td>
</tr>
<tr>
<td>Nathan Feather</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$64.00</td>
<td>$61.00</td>
</tr>
<tr>
<td>Doug Anmuth</td>
<td>JP Morgan</td>
<td>Announces</td>
<td>Neutral</td>
<td>$60.00</td>
<td>-</td>
</tr>
<tr>
<td>Ken Gawrelski</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$57.00</td>
<td>$47.00</td>
</tr>
<tr>
<td>Daniel Kurnos</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$58.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Colin Sebastian</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$58.00</td>
<td>$57.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to eBay. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of eBay compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of eBay's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Capture valuable insights into eBay's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/EBAY/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on eBay analyst ratings.</a>
<h2>All You Need to Know About eBay</h2>
EBay operates one of the largest e-commerce marketplaces in the world, with $73 billion in 2023 gross merchandise volume, or GMV, rendering the firm a top 10 global e-commerce company. The company generates revenue from listing fees, advertising, revenue-sharing arrangements with service providers, and managed payments, with its platform connecting more than 130 million buyers and roughly 20 million sellers across almost 190 global markets at the end of 2023. EBay generates just north of 50% of its GMV in international markets, with a large presence in the UK, Germany, and Australia.
<h3>eBay: A Financial Overview</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: eBay displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 1.26%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Consumer Discretionary sector.
Net Margin: eBay's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 8.71%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): eBay's ROE excels beyond industry benchmarks, reaching 3.8%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): eBay's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.07%, the company showcases efficient use of assets and strong financial health.
Debt Management: eBay's debt-to-equity ratio is below the industry average. With a ratio of 1.48, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>How Are Analyst Ratings Determined?</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Deep Dive Into eBay Stock: Analyst Perspectives (17 Ratings)

Cantor Fitzgerald analyst Deepak Mathivanan initiates coverage on eBay (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>) with a Neutral rating and announces Price Target of $62.

Price Target

Initiation

Cantor Fitzgerald Initiates Coverage On eBay with Neutral Rating, Announces Price Target of $62

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/30/24</td>
<td>$210.00</td>
<td>$33.2K</td>
<td>12.8K</td>
<td>145.6K</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/06/24</td>
<td>$177.50</td>
<td>$28.0K</td>
<td>7.2K</td>
<td>7.6K</td>
</tr>
<tr>
<td>PDD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$95.00</td>
<td>$151.8K</td>
<td>6.6K</td>
<td>6.9K</td>
</tr>
<tr>
<td>RSI</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$7.50</td>
<td>$50.7K</td>
<td>3.0K</td>
<td>2.6K</td>
</tr>
<tr>
<td>BIG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$1.00</td>
<td>$36.2K</td>
<td>1.1K</td>
<td>2.4K</td>
</tr>
<tr>
<td>DKNG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$36.00</td>
<td>$39.1K</td>
<td>10.4K</td>
<td>2.0K</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$80.00</td>
<td>$114.2K</td>
<td>15.5K</td>
<td>1.5K</td>
</tr>
<tr>
<td>EBAY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$61.00</td>
<td>$40.1K</td>
<td>237</td>
<td>1.0K</td>
</tr>
<tr>
<td>HD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/06/24</td>
<td>$375.00</td>
<td>$32.1K</td>
<td>438</td>
<td>783</td>
</tr>
<tr>
<td>LVS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$45.00</td>
<td>$27.0K</td>
<td>3.1K</td>
<td>501</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a call option sweep that happens to be bearish, is expiring today. Parties traded 202 contract(s) at a $210.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $33.2K, with a price of $164.0 per contract. There were 12815 open contracts at this strike prior to today, and today 145656 contract(s) were bought and sold. 
• Regarding AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we observe a call option sweep with bearish sentiment. It expires in 7 day(s) on September 6, 2024. Parties traded 200 contract(s) at a $177.50 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $28.0K, with a price of $140.0 per contract. There were 7262 open contracts at this strike prior to today, and today 7690 contract(s) were bought and sold. 
• For PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we notice a put option sweep that happens to be bullish, expiring in 21 day(s) on September 20, 2024. This event was a transfer of 506 contract(s) at a $95.00 strike. This particular put needed to be split into 42 different trades to become filled. The total cost received by the writing party (or parties) was $151.8K, with a price of $300.0 per contract. There were 6663 open contracts at this strike prior to today, and today 6936 contract(s) were bought and sold. 
• For RSI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSI#NYSE">RSI</a>), we notice a call option trade that happens to be neutral, expiring in 140 day(s) on January 17, 2025. This event was a transfer of 203 contract(s) at a $7.50 strike. The total cost received by the writing party (or parties) was $50.7K, with a price of $250.0 per contract. There were 3029 open contracts at this strike prior to today, and today 2615 contract(s) were bought and sold. 
• For BIG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BIG#NYSE">BIG</a>), we notice a call option sweep that happens to be bearish, expiring in 140 day(s) on January 17, 2025. This event was a transfer of 2400 contract(s) at a $1.00 strike. This particular call needed to be split into 39 different trades to become filled. The total cost received by the writing party (or parties) was $36.2K, with a price of $15.0 per contract. There were 1126 open contracts at this strike prior to today, and today 2402 contract(s) were bought and sold. 
• For DKNG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>), we notice a call option sweep that happens to be bullish, expiring in 21 day(s) on September 20, 2024. This event was a transfer of 501 contract(s) at a $36.00 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $39.1K, with a price of $78.0 per contract. There were 10417 open contracts at this strike prior to today, and today 2094 contract(s) were bought and sold. 
• Regarding BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we observe a call option sweep with bearish sentiment. It expires in 21 day(s) on September 20, 2024. Parties traded 250 contract(s) at a $80.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $114.2K, with a price of $457.0 per contract. There were 15591 open contracts at this strike prior to today, and today 1541 contract(s) were bought and sold. 
• Regarding EBAY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>), we observe a call option sweep with bearish sentiment. It expires in 21 day(s) on September 20, 2024. Parties traded 1000 contract(s) at a $61.00 strike. This particular call needed to be split into 36 different trades to become filled. The total cost received by the writing party (or parties) was $40.1K, with a price of $40.0 per contract. There were 237 open contracts at this strike prior to today, and today 1002 contract(s) were bought and sold. 
• For HD (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>), we notice a call option trade that happens to be bullish, expiring in 7 day(s) on September 6, 2024. This event was a transfer of 596 contract(s) at a $375.00 strike. The total cost received by the writing party (or parties) was $32.1K, with a price of $54.0 per contract. There were 438 open contracts at this strike prior to today, and today 783 contract(s) were bought and sold. 
• For LVS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>), we notice a call option trade that happens to be bullish, expiring in 140 day(s) on January 17, 2025. This event was a transfer of 250 contract(s) at a $45.00 strike. The total cost received by the writing party (or parties) was $27.0K, with a price of $108.0 per contract. There were 3126 open contracts at this strike prior to today, and today 501 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AMZN

BABA

DKNG

Citigourp Global Markets 2% Protected Notes Linked To The Djia

TSLA

10 Consumer Discretionary Stocks Whale Activity In Today's Session

In a bold move, Ikea is set to rival online platforms such as eBay (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>), Craigslist, and Gumtree by introducing a peer-to-peer marketplace for customers to trade used furniture. 
The innovative platform, named &#8220;Ikea Preowned,&#8221; will be trialed in Madrid, Spain and Oslo, Norway until the year&#8217;s end, with the intention of a global rollout, as stated by Jesper Brodin, CEO of Ingka, the main operator of Ikea stores, Financial Times<a href="https://www.ft.com/content/4b18236f-f2f0-43eb-bb65-5f8d2f30a734"> reported</a> on Thursday.
This marketplace is a significant step in Ikea&#8217;s evolution from a traditional out-of-town retailer to a digital enterprise offering online sales, city-center stores, and services such as assembly.
See Also: <a href="https://www.benzinga.com/news/24/08/40541978/trump-vs-harris-kamala-harris-takes-8-point-lead-in-new-poll-with-race-and-gender-shaping-voter-pref?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Vs Harris: Kamala Harris Takes 8-Point Lead In New Poll, With Race And Gender Shaping Voter Preferences</a>
The secondhand furniture market is a thriving industry, and Ikea&#8217;s new platform aims to capitalize on this trend. The platform will enable customers to list their products, determine a selling price, and upload their own images. Ikea&#8217;s AI-enabled database will enhance these listings with promotional images and measurements.
As per Brodin, Ikea&#8217;s market share in the secondhand furniture market surpasses that in new furniture sales. This innovative platform could potentially re-establish Ikea&#8217;s connection with customers, providing sellers the choice to receive money or a voucher from Ikea with a 15% bonus.
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/08/40543847/nate-silver-sees-convention-bounce-nearly-doubling-kamala-harris-lead-vs-donald-trump-heres-why-he-e?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nate Silver Sees Convention Bounce Nearly Doubling Kamala Harris&#8217; Lead Vs. Donald Trump: Here&#8217;s Why He Expects Vice President&#8217;s Lead To Increase Further</a></li>
</ul>
Image via Unsplash
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Eurozone

Ikea Takes On eBay And Craigslist With New Secondhand Furniture Marketplace

<a href="https://www.ft.com/content/4b18236f-f2f0-43eb-bb65-5f8d2f30a734" title="https://www.ft.com/content/4b18236f-f2f0-43eb-bb65-5f8d2f30a734">https://www.ft.com/content/4b18236f-f2f0-43eb-bb65-5f8d2f30a734</a>

Financial Times Reported Earlier, ikea Testing Secondhand Marketplace To Compete With eBay

Global consumer spending growth exhibited some resilience in the <a href="https://www.benzinga.com/news/24/08/40494701/is-the-consumer-ok-what-we-know-from-retailers-about-spending-in-2024">second quarter of 2024</a>.
However, <a href="https://www.benzinga.com/topic/pmi">the latest PMI data</a> shows a deceleration in the rate of expansion in the output of consumer-oriented sectors. For example, the U.S. recorded a decline in manufacturing activity for the fourth consecutive month in July, <a href="https://www.benzinga.com/economics/macro-economic-events/24/08/40103631/us-manufacturing-activity-decreases-for-fourth-straight-month-hits-8-month-low-co">hitting an eight-month low</a>.
Amid sticky <a href="https://www.benzinga.com/topic/inflation">inflation</a> and elevated <a href="https://www.benzinga.com/topic/interest-rates">interest rates</a>, consumers are turning to the pre-owned and refurbished goods market. Affordability is a factor driving this trend, as second-hand and refurbished items often come at a fraction of the cost of new ones.
There&#8217;s also the secular shift in consumer behavior towards choosing sustainable alternatives.
The pre-owned and refurbished goods market has grown steadily in recent years. It surged from a niche segment to a mainstream consumer choice.
The rise of this market aligns with the principles of a circular economy. This model aims to minimize waste and maximize resource efficiency by recycling and reusing existing products. Second-hand markets play a crucial role in extending the lifespan of products and reducing the demand for new materials.
Here's a look at how some of the key players performed during the second quarter.
<h2 class="wp-block-heading">EBay</h2>
<ul>
<li>E-commerce website eBay Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>) reported second-quarter net revenues and non-GAAP earnings of $2.57 billion and $1.18 per share, respectively. That&#8217;s significantly higher than consensus estimates. </li>
<li>EBay&#8217;s 2024 Recommerce Report shows that &#8220;pre-loved&#8221; and refurbished goods make up around 40% of the company's GMV (gross merchandise volume).</li>
<li>GAAP operating margins expanded to 21.3%, from 20.4% in the year-ago quarter. Non-GAAP operating margins improved to 27.9%, from 26.9% for the same quarter last year.</li>
<li><a href="https://www.benzinga.com/quote/EBAY">EBay</a> also added refurbished golf clubs and now offers warranty services for pre-owned clubs and has eased its returns policies.</li>
<li>To trigger more sales of second-hand apparel, eBay had added new Gen AI features, such as &#8220;Shop the Look&#8221; and &#8220;Explore&#8221;.&nbsp; The company, in partnership with privately-owned Certilogo, has introduced a new &#8220;Click to Resale&#8221; feature, making it easier for sellers to list their second-hand items.</li>
</ul>
<h2 class="wp-block-heading">ATRenew</h2>
<ul>
<li>ATRenew Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RERE#NYSE">RERE</a>) reported net revenues of RMB 3.78 billion ($519.7 million), up 27.4% year-on-year. Non-GAAP operating income surged to RMB 94.1 million ($12.9 million), from RMB 52.0 million in the year-ago quarter.</li>
<li>The company recorded 8.4 million units of products transacted, compared to 7.7 million in the second quarter of last year. The GMV (gross merchandise volume) of its multi-category recycling service business grew by nearly 400% year-over-year.</li>
<li><a href="https://www.benzinga.com/quote/RERE">ATRenew</a> renewed its exclusive partnership with JD.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) in the second quarter. Through this collaboration, the company generated significant growth in its recycling transaction order amount. During the June 18 (618) shopping festival, trading volumes of refurbished electronic products grew by a whopping 100% year-over-year.</li>
<li>The company has been expanding its services to meet the diverse recycling needs of consumers, including luxury goods and digital products. "We are confident that our unique circular economy business model positions us well for healthy long-term growth,&#8221; CEO Kerry Xuefeng Chen said during the earnings call.</li>
</ul>
<h2 class="wp-block-heading">LKQ Corp</h2>
<ul>
<li>LKQ Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LKQ#NASDAQ">LKQ</a>) reported revenue of&nbsp;$3.7&nbsp;billion, representing 8%&nbsp;year-on-year growth. However, adjusted net income contracted by 10.4% to $261&nbsp;million, from $291 million in the year-ago quarter, amid a challenging macro.</li>
<li>The company recorded operating cash flows of&nbsp;$213 million and free cash flows&nbsp;of&nbsp;$133 million. <a href="https://www.benzinga.com/quote/LKQ">LKQ Corp</a> repurchased $125&nbsp;million&nbsp;worth of shares during the second quarter.</li>
<li>LKQ has been given a Buy or Outperform rating by 7 analysts that cover the stock, including analysts at Baird, Roth MKM, and Barrington Research. The consensus price target of these 7 analysts is $62.43.</li>
</ul>
<h2 class="wp-block-heading">PDD Holdings</h2>
<ul>
<li>PDD Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) owns online marketplace Temu, which has an extensive section on used and refurbished items. <a href="https://www.benzinga.com/quote/PDD">PDD Holdings</a> is scheduled to report its second-quarter results on August 26.</li>
<li>The second-hand market is booming, and the trend is expected to continue, driven by shifting consumer behavior towards sustainability and affordability. The U.S. recommerce market (the market for buying and selling pre-owned goods) is projected to grow from an estimated $188 billion in 2023 to $276 billion by 2028.</li>
<li>Investors will continue to watch the stocks of eBay, ATRenew, and LKQ Corp, as these companies are positioned to drive growth in the market for refurbished goods.</li>
</ul>
Price Action: 
<ul>
<li>Shares of eBay have climbed almost 30% year to date</li>
<li>ATRenew's stock has jumped almost 45% during the same period.</li>
<li>LKQ Corp's stock is down 13% year to date, it gained almost 5% over the past week. </li>
<li>Shares of PDD Holdings have added nearly 9% over the past month.</li>
</ul>
Now Read: 
<ul>
<li><a href="https://www.benzinga.com/news/24/08/40509090/august-services-growth-exceeds-expectations-as-manufacturing-slumps-inflation-gradually-eases-to-nor">August Services Growth Exceeds Expectations As Manufacturing Slumps: Inflation Gradually Eases &#8216;To Normal Levels&#8217;</a></li>
</ul>
Image: Shutterstock

Reiteration

RERE

Watch These Second-Hand, Refurbished Stocks That Rocked In Q2 As Customer Trends Shift

EBay Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>) is breaking records, trading at new 52-week highs with the stock <a href="https://www.benzinga.com/topic/e-commerce">currently perched at $59.35</a>. 
This marks a dramatic leap from its year-low of $37.17, showcasing a stellar 34.97% year-to-date gain and a robust 36.77% increase over the past year. The past month alone has seen a <a href="https://www.benzinga.com/quote/EBAY/news">notable 9.63% uptick</a>.
Originally known as AuctionWeb, eBay began as a platform for auctioning antiques, second-hand items and collectibles. Over time, it has evolved into a major global marketplace for both new and used goods, offering both auction-style and fixed-priced listings.
<h2 class="wp-block-heading">Bullish Signals Flashing On eBay Stock Chart </h2>
EBay's technical indicators are flashing green across the board.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="631" height="457" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/22100620/Screenshot-2024-08-22-at-7.33.07-PM.png" alt="" class="wp-image-508787" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/22100620/Screenshot-2024-08-22-at-7.33.07-PM.png 631w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/22100620/Screenshot-2024-08-22-at-7.33.07-PM-300x217.png 300w" sizes="(max-width: 631px) 100vw, 631px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082224&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
The stock is trading above its key moving averages:
<ul>
<li>Eight-Day SMA: At $56.77, below the current price of $59.04, signaling a strong bullish signal.</li>
<li>20-Day SMA: At $56.02, the current price is significantly above this, reinforcing bullish momentum.</li>
<li>50-Day SMA: At $54.54, the stock's current price suggests solid buying pressure.</li>
<li>200-Day SMA: At $48.58, with the price well above this, the trend remains strongly bullish.</li>
</ul>
Read Also: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40493585/why-arkk-stalled-as-qqq-took-off-harsh-lessons-over-past-5-years">Why ARKK Stalled As QQQ Took Off: Harsh Lessons Over Past 5 Years</a>
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="631" height="457" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/22100741/Screenshot-2024-08-22-at-7.35.52-PM.png" alt="" class="wp-image-508789" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/22100741/Screenshot-2024-08-22-at-7.35.52-PM.png 631w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/22100741/Screenshot-2024-08-22-at-7.35.52-PM-300x217.png 300w" sizes="(max-width: 631px) 100vw, 631px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082224&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
The Moving Average Convergence Divergence (MACD) at 0.96 adds to the bullish narrative, signaling continued upward momentum.
Meanwhile, the Bollinger Bands (25) have the with a range of $52.62 to $58.41, have eBay stock trading within the upper bullish band, supporting the stock's bullish stance.
<h2 class="wp-block-heading">Caution: Overheated Market?</h2>
While the bullish signs are compelling, eBay's Relative Strength Index (RSI) is at 70.13, lies in the overbought territory. This could mean the stock is ripe for a short-term correction or consolidation. This could also signal a potential pullback or consolidation in the near term.
EBay's impressive rise to new highs is backed by strong technical indicators, but with the RSI nearing overbought levels, caution is warranted.
Investors should keep an eye on these signals to navigate the current bullish landscape wisely.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/08/40509090/august-services-growth-exceeds-expectations-as-manufacturing-slumps-inflation-gradually-eases-to-nor">August Services Growth Exceeds Expectations As Manufacturing Slumps: Inflation Gradually Eases &#8216;To Normal Levels&#8217;</a></li>
</ul>

Technicals

Tech

EBay Stock Soars To New Heights, But Watch For Overheated Signals

U.S. retail sales made a solid rebound in July, following a decline in June and after struggling for most of the year. Although price pressures continue, it has decreased substantially over the past few months, which allowed consumers to spend freely last month.
<h3>Retail Sales Soar Past Expectations</h3>
The Commerce Department said on Aug 15 that retail sales grew a solid 1% in July, following a 0.2% decline in June and ahead of the consensus estimate of a rise of 0.3%.
Retail sales, excluding gasoline, food, building materials and automobiles rose 0.3% in July after increasing 0.9% in June. Year over year, retail sales jumped 2.7% in the previous month, while total sales from May through July advanced 2.4% from the year-ago levels.
July&#39;s jump was driven by a solid 3.6% jump in sales at motor vehicles and auto parts dealers. Sales at electronics and appliance stores rose 1.6% in July. Sales at food and beverage outlets rose 0.9%.
Online sales increased 0.2% in July after increasing 2.2% in June. Amazon.com, Inc&#39;s&nbsp;Prime Day was largely responsible for the jump in online sales. Also, back-to-school shopping gave a boost to overall retail sales.
Resilient consumer spending saw retail sales grow in July, which could alleviate fears of a recession that were triggered earlier this month following a disappointing jobs report and a spike in the unemployment rate.
Inflation has been declining over the past quarter, with the consumer price index reading increasing marginally in July.
Year over year, CPI increased 2.9% in July, lower than June&#39;s jump of 3%. This was also the lowest pace of increase since March 2021.
A solid retail sales report coupled with softer inflation data has raised hopes that the Federal Reserve will finally start rate cuts in September. Lower interest rates bode well for the retail sector and the broader economy as it will give consumers more purchasing power.
<h3>Our Choices</h3>
Given this scenario, we have narrowed our search to four retail stocks such as Boot Barn Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/boot#NYSE">BOOT</a>), American Eagle Outfitters, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aeo#NYSE">AEO</a>), eBay Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ebay#NASDAQ">EBAY</a>) and The Gap, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gps#NYSE">GPS</a>), with strong potential for 2024.
These stocks have seen positive earnings estimate revisions in the last 60 days. Each of the stocks has a Zacks Rank #1 (Strong Buy) or 2 (Buy).
Boot Barn Holdings, Inc. operates as a lifestyle retail chain devoted to western and work-related footwear, apparel and accessories. BOOT&#39;s products include boots, denim, western shirts, cowboy hats, belts and belt buckles, and western-style jewelry and accessories; and rugged footwear, outerwear, overalls, denims, and shirts, as well as safety-toe boots, and flame-resistant and high-visibility clothing.
Boot Barn Holdings&#39; expected earnings growth rate for the current year is 8.9%. The Zacks Consensus Estimate for current-year earnings has improved 9.5% over the past 60 days.&nbsp;BOOT presently sports a Zacks Rank #1.
American Eagle Outfitters, Inc. is a specialty retailer of casual apparel, accessories and footwear for men and women aged 15-25 years. AEO, along with its subsidiaries, engages in the designing and marketing of casual clothing.
American Eagle Outfitters&#39; expected earnings growth rate for the current year is 17.1%. The Zacks Consensus Estimate for current-year earnings has improved 1.7% over the past 60 days.&nbsp;AEO presently carries a Zacks Rank #2.
eBay Inc. operates an online shopping platform, which provides sellers the tools to build online store formats, making it easier for customers to browse by brands. Over the years, EBAY has evolved from a relatively small community user-based auction site to a worldwide commercial behemoth store. eBayis well-positioned in the online marketplace space.
eBay&#39;s expected earnings growth rate for the current year is 13.2%. The Zacks Consensus Estimate for current-year earnings has improved 2.1% over the past 60 days.&nbsp;EBAY currently carries a Zacks Rank #2.
The Gap, Inc. is a premier international specialty retailer offering a diverse range of clothing, accessories, and personal care products. GPS offers products for men, women, and children under the Old Navy, Gap, Banana Republic, Athleta, Intermix, and Hill City brands.
The Gap&#39;s expected earnings growth rate for the current year is 24.5%. The Zacks Consensus Estimate for current-year earnings has improved 2.3% over the past 60 days.&nbsp;GPS currently has a Zacks Rank #2.
<a href="https://www.zacks.com/stock/news/2323809/4-stocks-to-gain-from-as-retail-sales-make-solid-rebound?cid=CS-BENZ-FT-analyst_blog|investment_ideas-2323809">To read this article on Zacks.com click here.</a>

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BOOT

4 Stocks to Gain From as Retail Sales Make Solid Rebound

WIIM

eBay shares are trading higher after Truist Securities raised its price target on the stock from $50 to $58.

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Piper Sandler cut the price target for CrowdStrike Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) from $310 to $290. Piper Sandler analyst Rob Owens upgraded the stock from Neutral to Overweight. CrowdStrike shares gained 1.9% to close at $222.05 on Monday. <a href="https://www.benzinga.com/quote/CRWD/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Deutsche Bank raised the price target for Palantir Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) from $20 to $21. Deutsche Bank analyst Brad Zelnick maintained the stock with a Sell rating. Palantir shares fell 2.6% to close at $24.09 on Monday. <a href="https://www.benzinga.com/quote/PLTR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Needham cut RxSight, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RXST#NASDAQ">RXST</a>) price target from $75 to $54. Needham analyst David Saxon maintained a Buy rating. RxSight shares fell 2.4% to close at $40.78 on Monday. <a href="https://www.benzinga.com/quote/RXST/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B of A Securities raised the price target for Axsome Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXSM#NASDAQ">AXSM</a>) from $95 to $106. B of A Securities analyst Jason Gerberry upgraded the stock from Neutral to Buy. Axsome Therapeutics shares fell 1.4% to close at $83.21 on Monday. <a href="https://www.benzinga.com/quote/AXSM/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird raised Freshpet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRPT#NASDAQ">FRPT</a>) price target from $135 to $140. Baird analyst Peter Benedict maintained an Outperform rating. Freshpet shares fell 0.6% to close at $121.41 on Monday. <a href="https://www.benzinga.com/quote/FRPT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JP Morgan raised Lithia Motors, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAD#NYSE">LAD</a>) price target from $280 to $315. JP Morgan analyst Rajat Gupta maintained an Overweight rating. Lithia Motors shares fell 4.6% to close at $276.76 on Monday. <a href="https://www.benzinga.com/quote/LAD/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Needham raised the price target for EverQuote, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVER#NASDAQ">EVER</a>) from $30 to $38. Needham analyst Mayank Tandon maintained a Buy rating. EverQuote shares fell 3.5% to close at $23.96 on Monday. <a href="https://www.benzinga.com/quote/EVER/analyst-ratings">See how other analysts view this stock.</a></li>
<li>BMO Capital boosted Tyson Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSN#NYSE">TSN</a>) price target from $58 to $60. BMO Capital analyst Andrew Strelzik maintained a Market Perform rating. Tyson shares rose 2.1% to close at $62.51 on Monday. <a href="https://www.benzinga.com/quote/TSN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Truist Securities raised eBay Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>) price target from $50 to $58. Truist Securities analyst Youssef Squali maintained a Hold rating. EVgo shares fell 2.7% to close at $54.66 on Monday. <a href="https://www.benzinga.com/quote/EBAY/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JP Morgan raised AutoNation, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AN#NYSE">AN</a>) price target from $155 to $160. JP Morgan analyst Rajat Gupta maintained a Neutral rating. AutoNation shares dipped 2.7% to close at $166.06 on Monday. <a href="https://www.benzinga.com/quote/AN/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/08/40178833/dow-records-worst-day-in-around-2-years-mag-7-stocks-lose-650b-in-market-capitalization-greed-index">Dow Records Worst Day In Around 2 Years, Mag 7 Stocks Lose $650B In Market Capitalization: Greed Index Moves To &#8216;Extreme Fear&#8217; Zone</a></li>
</ul>

AXSM

CRWD

EVER

FRPT

PLTR

RXST

Lithia Motors To Rally Around 14%? Here Are 10 Top Analyst Forecasts For Tuesday

17 analysts have shared their evaluations of eBay (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $58.88, a high estimate of $65.00, and a low estimate of $46.00. This upward trend is apparent, with the current average reflecting a 8.53% increase from the previous average price target of $54.25.
<img src="https://www.benzinga.com/files/images/story/2024/1722949230_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
The standing of eBay among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Youssef Squali</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$58.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Eric Sheridan</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Sell</td>
<td>$46.00</td>
<td>$38.00</td>
</tr>
<tr>
<td>Shyam Patil</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Neutral</td>
<td>$60.00</td>
<td>$52.00</td>
</tr>
<tr>
<td>Ygal Arounian</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$65.00</td>
<td>$64.00</td>
</tr>
<tr>
<td>Lee Horowitz</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Buy</td>
<td>$64.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Daniel Kurnos</td>
<td>Benchmark</td>
<td>Raises</td>
<td>Buy</td>
<td>$65.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Mark Mahaney</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$53.00</td>
<td>$47.00</td>
</tr>
<tr>
<td>Thomas Champion</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$64.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Ken Gawrelski</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$55.00</td>
<td>$57.00</td>
</tr>
<tr>
<td>Colin Sebastian</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$62.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Justin Post</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Neutral</td>
<td>$57.00</td>
<td>$53.00</td>
</tr>
<tr>
<td>Nathan Feather</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$64.00</td>
<td>$61.00</td>
</tr>
<tr>
<td>Doug Anmuth</td>
<td>JP Morgan</td>
<td>Announces</td>
<td>Neutral</td>
<td>$60.00</td>
<td>-</td>
</tr>
<tr>
<td>Ken Gawrelski</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$57.00</td>
<td>$47.00</td>
</tr>
<tr>
<td>Daniel Kurnos</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$58.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Colin Sebastian</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$58.00</td>
<td>$57.00</td>
</tr>
<tr>
<td>John Colantuoni</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Hold</td>
<td>$55.00</td>
<td>$50.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to eBay. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of eBay compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for eBay's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Capture valuable insights into eBay's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/EBAY/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on eBay analyst ratings.</a>
<h2>Discovering eBay: A Closer Look</h2>
EBay operates one of the largest e-commerce marketplaces in the world, with $73 billion in 2023 gross merchandise volume, or GMV, rendering the firm a top 10 global e-commerce company. The company generates revenue from listing fees, advertising, revenue-sharing arrangements with service providers, and managed payments, with its platform connecting more than 130 million buyers and roughly 20 million sellers across almost 190 global markets at the end of 2023. EBay generates just north of 50% of its GMV in international markets, with a large presence in the UK, Germany, and Australia.
<h3>eBay: A Financial Overview</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Over the 3 months period, eBay showcased positive performance, achieving a revenue growth rate of 1.26% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 8.71%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): eBay's ROE stands out, surpassing industry averages. With an impressive ROE of 3.8%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 1.07%, the company showcases effective utilization of assets.
Debt Management: With a below-average debt-to-equity ratio of 1.48, eBay adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>Analyst Ratings: Simplified</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Beyond The Numbers: 17 Analysts Discuss eBay Stock

Truist Securities analyst Youssef Squali maintains eBay (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>) with a Hold and raises the price target from $50 to $58.

Truist Securities Maintains Hold on eBay, Raises Price Target to $58

Goldman Sachs analyst Eric Sheridan maintains eBay (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>) with a Sell and raises the price target from $38 to $46.

Goldman Sachs Maintains Sell on eBay, Raises Price Target to $46

Susquehanna analyst Shyam Patil maintains eBay (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>) with a Neutral and raises the price target from $52 to $60.

Susquehanna Maintains Neutral on eBay, Raises Price Target to $60

The e-commerce sector looks promising due to the growth of mobile commerce and social media, along with advances in the internet, personalized ads, and improved user experiences. Therefore, adding strong e-commerce stocks like eBay (EBAY), Amazon (AMZN), and Dingdong (DDL) could be a smart move to benefit from the online retail boom. Keep reading... The e-commerce industry is experiencing rapid growth, driven by the surge in online shopping, mobile commerce expansion, and emerging markets in developing countries. Moreover, trends such as social commerce and AI-driven personalization are enhancing customer engagement and online retail sales, presenting promising investment opportunities.
To capitalize on this online retail boom, investors might consider buying strong e-commerce stocks such as eBay Inc. (<a href="https://stocknews.com/stock/EBAY/">EBAY</a>), Amazon.com, Inc. (<a href="https://stocknews.com/stock/AMZN/">AMZN</a>), and Dingdong (Cayman) Limited (<a href="https://stocknews.com/stock/DDL/">DDL</a>) now.
E-commerce in 2024 shows promise with advancements like Generative AI and zero-click search, which enhance the user experience. Personalized advertising and retail media networks are gaining momentum, while the rise of second-hand marketplaces, high-quality products, and seamless payment options further boost the sector's appeal. Hence, investing now can help capitalize on these transformative trends.
While overall retail sales growth has slowed slightly, sectors like clothing, accessories, and health products are thriving. Despite high interest rates and economic caution, rising online sales are driving growth. U.S. e-commerce revenue is projected to increase significantly by <a href="https://www.statista.com/statistics/272391/us-retail-e-commerce-sales-forecast/">$657.8 billion</a>, or 53.79%, from 2024 to 2029. Moreover, China's online sales of physical goods also rose by <a href="https://www.cnbc.com/2024/08/15/china-july-data-retail-sales-industrial-production.html">14% in July</a>.
Notably, U.S. online retail sales are set to hit <a href="https://www.fticonsulting.com/insights/reports/2024-online-retail-report#:~:text=We%20project%20U.S.%20online%20retail%20sales%20will%20hit%20%241.2%20trillion%20in%202024.&amp;text=Estimated%20increase%20in%20U.S.%20online,%2C%20or%209.8%25%20over%202023.&amp;text=Expected%20U.S.%20e%2Dcommerce%20market,at%20the%20end%20of%202023.">$1.2 trillion this year</a>, marking a $108 billion (9.8%) increase from last year. Furthermore, the rise of high-speed internet has transformed global e-commerce, with innovations such as chatbots, headless commerce, AR shopping, and blockchain technology driving significant growth in the sector.
Considering these conducive trends, let's examine the fundamentals of the three above-mentioned <a href="https://stocknews.com/category/internet/">Internet</a> stocks, starting with the third choice.
Stock #3: eBay Inc. (<a href="https://stocknews.com/stock/EBAY/">EBAY</a>)
EBAY operates marketplace platforms that connect buyers and sellers in the United States and internationally. The company's marketplace platforms include eBay.com and the eBay suite of mobile apps. They enable users to list, buy, and sell various products.
On July 10, 2024, EBAY announced a new revenue-based financing product, Business Cash Advance, in partnership with Liberis. This service provides eligible U.S. eBay sellers with up to $1 million in working capital within 24 hours, featuring flexible payments and a seamless online application process.
On June 13, 2024, EBAY announced the addition of Venmo as a payment option for U.S. buyers, aiming to enhance flexibility and appeal to younger, mobile-first consumers. This integration allows users to pay with their Venmo balance or linked financial accounts during checkout on ebay.com.
In terms of the trailing-12-month <a href="https://www.investopedia.com/terms/e/ebit.asp">EBIT</a> margin, EBAY's 21.45% is 174.1% higher than the 7.83% industry average. Its 4.35% trailing-12-month Capex / Sales is 45% higher than the 3% industry average. Similarly, the stock's 18.41% trailing-12-month levered FCF margin is 231.3% higher than the 5.56% industry average.
During the fiscal second quarter that ended June 30, 2024, EBAY's net revenues increased 1.3% year-over-year to $2.57 billion. Its gross profit rose marginally year-over-year to $1.84 billion. Also, its non-GAAP net income from continuing operations stood at $602 million and 1.18 per share, up 8.5% and 14.6% over the prior-year quarter, respectively.
Analysts expect EBAY's EPS for the quarter ending September 30, 2024, to increase 14.5% year-over-year to $1.18. Its revenue for the same quarter is expected to grow 1.7% year-over-year to $2.54 billion. It surpassed the Street EPS and revenue estimates in each of the trailing four quarters. Over the past nine months, the stock has gained 37.4% to close the last trading session at $55.83.
EBAY's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its strong fundamentals. It has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 distinct factors, with each factor weighted to an optimal degree.
EBAY has an A grade for Quality and a B for Momentum. It is ranked #16 out of 52 stocks in the B-rated <a href="https://stocknews.com/category/internet/">Internet</a> industry. Beyond what we have stated above, we also have given EBAY grades for Growth, Value, Stability, and Sentiment. Get all the EBAY's ratings <a href="https://stocknews.com/stock/EBAY/">here</a>.
Stock #2: Amazon.com, Inc. (<a href="https://stocknews.com/stock/AMZN/">AMZN</a>)
AMZN sells consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale and products provided by third-party sellers.
On July 11, 2024, AMZN's AWS and Workday announced an expanded partnership to develop generative AI capabilities, enhance custom application development, and accelerate joint go-to-market efforts. This collaboration aims to boost productivity, improve decision-making, and drive cloud transformation for organizations.
On July 25, 2024, AMZN and GE HealthCare announced a strategic collaboration to develop generative AI models aimed at enhancing medical diagnostics and patient care. GE HealthCare will use AWS's cloud and AI services to accelerate healthcare innovation and improve clinical workflows.
In terms of the trailing-12-month net income margin, AMZN's 7.35% is 63.2% higher than the 4.50% industry average. Likewise, its 9.86% trailing-12-month Capex / Sales is 229% higher than the 3% industry average. Moreover, the stock's 1.17x trailing-12-month asset turnover ratio is 18% higher than the 0.99x industry average.
AMZN's total net sales during the fiscal second quarter that ended June 30, 2024, increased 10.1% year-over-year to $147.98 billion. The company's operating income grew 91% from the year-ago value to $14.67 billion. In addition, the company's net income and EPS came in at $13.49 billion and $1.26, up 99.8% and 93.8% over the prior-year quarter, respectively.
Street expects AMZN's EPS and revenue for the quarter ending September 30, 2024, to increase 20.5% and 9.9% year-over-year to $1.13 and $157.27 billion, respectively. It surpassed the Street EPS estimates in each of the trailing four quarters. Over the past year, the stock has gained 29% to close the last trading session at $177.59.
It's no surprise that AMZN has an overall rating of B, which translates to a Buy in our proprietary rating system.
AMZN has a B grade for Momentum, Sentiment, and Quality. Within the same industry, it is ranked #12. To see AMZN's ratings for Growth, Value, and Stability, <a href="https://stocknews.com/stock/AMZN/">click here</a>.
Stock #1: Dingdong (Cayman) Limited (<a href="https://stocknews.com/stock/DDL/">DDL</a>)
Headquartered in Shanghai, China, DDL operates as an e-commerce company. The company offers fresh groceries, including vegetables, meat and eggs, fruits, and seafood; prepared food; and other food products such as baked goods, dairy, seasonings, beverages, instant food, oil, and snacks.
In terms of its trailing-12-month Return on Common Equity, DDL's 14.73% is 38% higher than the 10.67% industry average. Also, the stock's 2.87x trailing-12-month asset turnover ratio is 239.7% higher than the 0.85x industry average.
In the fiscal second quarter, which ended June 30, 2024, DDL's total revenues increased 15.7% year-over-year to RMB5.60 billion ($782.78 million). Its non-GAAP income from operations stood at RMB89.60 million ($12.52 million), compared to a non-GAAP loss from operations of RMB5.42 million ($757.62 thousand).
Moreover, its non-GAAP net income attributable to ordinary shareholders and non-GAAP net income per Class A and Class B ordinary share came in at RMB100.84 million ($14.10 million) and RMB0.31, up considerably each over the prior-year quarter, respectively.
For the quarter ending September 30, 2024, DDL's revenue is expected to increase 21.5% year-over-year to $862.10 million. Its EPS for fiscal 2024 is expected to rise 896.4% year-over-year to $0.15. It surpassed the consensus EPS estimates in three of the trailing four quarters. Over the past six months, DDL's stock has gained 67.8% to close the last trading session at $2.03.
DDL's bright prospects are reflected in its POWR Ratings. It has an overall rating of A, equating to a Strong Buy in our proprietary rating system.
It has an A grade for Growth and a B for Value. DDL is ranked #2 in the Internet industry. To access the additional grades of DDL for Momentum, Stability, Sentiment, and Quality, <a href="https://stocknews.com/stock/DDL/">click here</a>.
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AMZN shares were trading at $177.39 per share on Friday afternoon, down $0.20 (-0.11%). Year-to-date, AMZN has gained 16.75%, versus a 17.33% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/amzn-ebay-ddl-3-e-commerce-picks-to-ride-the-online-retail-boom/>3 E-Commerce Picks to Ride the Online Retail Boom</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 E-Commerce Picks to Ride the Online Retail Boom

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