Thanks to the incredible advancements in horizontal drilling and fracking technology, the United States has experienced a mind-blowing shale revolution. They've become the heavyweight champion of crude oil production, leaving Saudi Arabia and Russia in the dust. They even turned the tables and became net exporters of refined petroleum products in 2011.
How well eBay did in 2020?
2021-02-02 • Updated
eBay performed greatly in 2020, outpacing most of its’ peers amid the pandemic-driven e-commerce boom. Indeed, social-distancing restrictions and lockdowns boosted online shopping, and such companies as eBay benefited. Obviously, companies like Amazon and Shopify gained more, but eBay's 40% increase still kept it ahead of other huge online retailers, including Walmart.
How eBay's investors measure the company’s growth?
By volume of merchandise moving through its platform. Interesting fact, volume had been flat or declining before the Covid-19 pandemic but surged to over 20% year over year. The reason is that all shops were forced to switch to online channels starting in late February, and eBay gave them a good platform to do it. The company's main challenge for 2021 is to keep these businesses to stick around by making the marketplace more popular with buyers and easier for sellers to use.
Will eBay’s growth be sustained after the Covid-19?
This quarter's report will partly answer this question as the pandemic is waning with the help of the vaccine rollout across the world. Earnings more than doubled last quarter, that's why investors are hoping for another surge this week.
How to trade on earnings report?
If the actual earnings are greater than the estimates of 0.83, the stock price will jump.
If the actual earnings are less than the estimates of 0.83, the stock price will drop.
EBay has failed to cross the resistance of $60.00 several times already, that’s why the price may struggle to break it this time again. The move above $60.00 will drive eBay to the next round number of $65.00. On the flip side, if it drops below the low of January 15 at $55.00, the way down to the low of December 24 at $50.00 will be clear.
You can also trade eBay stock with FBS Trader mobile app. Remember that stock trading starts as the US session begins (at 16:30 MT time).
Don't know how to trade stocks? Here are some simple steps.
- First of all, be sure you’ve downloaded Metatrader 5 or FBS Trader app. FBS allows you to trade stocks only through this software.
- Open the MT5 account in your personal area (an account in FBS Trader).
- Start trading!
Oil prices rebounded slightly on Friday but are still expected to show losses for the week due to concerns about slowing growth in the US and China. US crude futures rose 2.7% to $70.41 per barrel, while the Brent contract increased by 2.5% to $74.33 per barrel.
China's economy is rocketing. On the other hand OPEC+ countries take the decision to cut the production. What will be the impact on the oil price?
Get ready for some suspense as the Bank of Canada faces a tough decision on whether to raise interest rates or keep them on hold. The resilient Canadian economy and the goal of curbing inflation further are at the heart of this dilemma. While some money markets and economists predict another rate hike, others believe the central bank should exercise caution and wait, hinting at a possible increase later in the summer.
Let's take a closer look at Australia's recent economic performance. Brace yourselves for some interesting developments. The country's economy experienced its slowest growth since late 2021 in the first quarter, raising doubts about the Reserve Bank of Australia's rapid interest rate increases. Despite the bank's record-breaking 12 rate hikes in the last 13 months, the resource-rich economy only grew by a modest 0.2% in the quarter, falling short of economists' expectations.
Let's dive into the latest developments shaping the global economic landscape. Good news first: the threat of an unprecedented US debt crisis has receded, as US lawmakers passed a bill to raise the debt ceiling and avoid a catastrophic default. Phew! But don't pop the champagne just yet, because storm clouds are still looming. High inflation, rising interest rates, and sluggish growth are challenges that have yet to disappear.