In the e-Commerce space, I think the most loved stock is that of Amazon.com Inc. AMZN and for good reason too. It has reported a 113.07% year-to-date stock growth. In addition, its strongest season is knocking on the door!
Amid all the media attention that Amazon is busy getting, there is another stock which, we strongly feel will gain from the upcoming holiday season — eBay Inc. EBAY.
eBay, with a Zacks Rank #2, is one of the largest online retailers in the world. In the last-reported quarter, the company beat the Zacks Consensus by 2 cents as the active buyer base rose 5% year over year to 159 million. Gross merchandise volume (GMV) rose 6%. Free cash flow was a healthy $462 million in the quarter.
It raised the full-year EPS to $1.80–$1.82 from $1.72–$1.77.
And this holiday season it’s quite evident that eBay wants to become more of an end retailer and less of a search-driven source for second-hand goods. The two-decade-old company is rolling out a string of marketing programs and promotional deals to help shoppers and sellers alike.