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.
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.
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.
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).
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Crude oil futures surged on Monday due to disruptions in Russian refining capacity caused by Ukrainian drone strikes and Moscow's decision to cut output to comply with OPEC+ targets. The West Texas Intermediate (WTI) contract for May settled at $81.95 a barrel, up $1.32, while the Brent contract for May settled at $86.57 a barrel, also up $1.32. Russia instructed...
Bearish scenario: Sales below 80.00 with TP1: 79.60... Anticipated bullish scenario: Intraday purchases above 80.70 with TP: 81.50...
Bearish Scenario: Sales below 78.99 with TP1: 77.93, TP2: 77.45, and upon its breakout TP3: 76.56 and TP4: 75.70 Bullish Scenario: Purchases above 78.00 (wait for a pullback to this area) with TP1: 1679.00 (uncovered POC*), TP2: 79.33, and TP3: 79.66 intraday
Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
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