2 Buy-Rated E-Commerce Stocks To Own In 2021

In  December, eBay delivered a last-minute Christmas sneaker surprise in partnership with NBA champion Anthony Davis. Through this event, customers could win one of 500 pairs of the most coveted sneakers. This boosted the company’s sales substantially, making the marketplace one of the largest channels to buy and sell sneakers.

Also in December, eBay introduced a low-cost way for sellers to securely ship trading cards priced $20 or less, beginning this month. This development should allow the company to meet the needs of sellers and grow its online platform.

eBay's net revenues have increased 28.3% year-over-year to $2.87 billion in the fourth quarter ended December 31, 2020. The company’s annual active buyers increased 7% year-over-year to 185 million, while its gross merchandise volume grew 21% on an as-reported basis to $26.6 billion. Its income from operations has increased 41.6% from a year-ago value to $677 million, while its EPS improved 78.3% to $1.23 over this period.

Analysts expect EBAY’s revenues to grow 25% year-over-year to $2.97 billion in the current quarter, ending March 31, 2021. A consensus EPS estimate of $1.07 for the current quarter represents a 55.1% improvement from the year-ago value. The stock has gained 71.9% over the past year.

It is no surprise that eBay has an overall rating of B, which equates to Buy in our POWR Ratings system. EBAY has a Quality Grade of A. It is currently ranked #10 out of 65 stocks in the same industry.

Click here to see the additional POWR Ratings for EBAY (Industry, Stability, Value, Growth, Momentum, and Sentiment).

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AMZN shares fell $6.58 (-0.20%) in after-hours trading Wednesday. Year-to-date, AMZN has gained 0.91%, versus a 4.33% rise in the benchmark S&P 500 index during the same period.

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Monica Kingsley 2 months ago Contributor's comment

= higher earnings and more extended P/E ratios

Monica Kingsley 2 months ago Contributor's comment

I wholeheartedly agree that this is not the time to get bearish on tech. The valuations and tech earnings will get both better.