|By PR Newswire||
|January 21, 2014 09:30 AM EST||
CHICAGO, Jan. 21, 2014 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the eBay Inc. (Nasdaq:EBAY-Free Report), Amazon.com (Nasdaq:AMZN-Free Report), Apple (Nasdaq:AAPL-Free Report),Nike (NYSE:NKE-Free Report) and Gap, Inc. (NYSE:GPS-Free Report).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Monday's Analyst Blog:
eBay to Unveil New Marketplace
The new marketplace is said to be somewhat similar to Alibaba's Tmall in the sense that both happen to be B2C (Business to Customer) direct online retail sites. eBay's decision to launch this new marketplace has been viewed as a move to combat fierce competition from the likes of Amazon.com (Nasdaq:AMZN-Free Report).
However, the company has not yet divulged details regarding the size of the site and the date of its launch. Apparently, this move was initiated in view of the growing trend of direct-to-consumer marketplaces. eBay needs to convince leading brands such asApple (Nasdaq:AAPL-Free Report),Nike (NYSE:NKE-Free Report) and Gap, Inc. (NYSE:GPS-Free Report) to sell through its marketplace along with their respective websites.
Though we are not certain about the scale yet, we believe that the idea of a new marketplace could help eBay attract top brands.
eBay is one of the world's largest online marketplaces. Goods and services are sold on the platform by a large number of individuals and small businesses all over the world. Other than the U.S., it provides country-specific sites in the United Kingdom, Canada, Germany, Austria, France, Italy, Japan, Korea and Australia.
eBay has taken all the necessary measures to boost growth, beginning with the fixed-price format, to wooing big sellers and customers, improving technology and navigation of its properties, investing in better fulfillment services and focusing on mobile customers to boost profitability. Its drive to provide complete online solutions for traditional retailers should further add to its growth going forward.
eBay reported third-quarter revenues of $3.9 billion, up 14.3% from the year-ago quarter. Its non-GAAP earnings per share of 54 cents beat the Zacks Consensus Estimate of 53 cents per share.
Currently, eBay has a Zacks Rank #4 (Sell).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
SOURCE Zacks Investment Research, Inc.
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