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4 E-Commerce Stocks To Watch In May 2022

Could these e-commerce stocks be attractive buys at their current price points?
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Are These The Best E-Commerce Stocks To Invest In Today?

E-commerce stocks could be worth looking at in the stock market this week. By and large, this would be due to the prominent focus on the broader retail industry now. Notably, the U.S. Commerce Department just released its latest monthly consumer spending figures earlier today. To highlight, April’s retail sales are up by 0.9% overall as general demand and inflation drove spending. For reference, Dow Jones economist consensus was expecting a 1% increase. Despite the seemingly less-than-ideal spending environment, consumers continue to hold strong with sales rising for the fourth month back-to-back.

Not to mention, several top e-commerce stocks taking center stage on the earnings front this week. For starters, the likes of JD.com (NASDAQ: JD) and Walmart (NYSE: WMT) provided their latest quarterly financial updates earlier today. Across the board, both firms beat consensus revenue projections from Wall Street. At the same time, Pinduoduo (NASDAQ: PDD) is also gaining traction now thanks to a recent upgrade from JPMorgan (NYSE: JPM). As of earlier today, the firm now has a $55 price target and an Overweight rating on PDD stock. On the whole, e-commerce stocks appear to be drawing attention in the stock market today. Could one of these firms be your next big investment?

E-Commerce Stocks To Buy [Or Sell] This Week

Home Depot Inc.

best retail stocks (HD stock)

Starting us off today, we have Home Depot, one of the largest home improvement retailers in the world. With over 2,300 stores across North America, the company supplies tools, construction products, appliances, and services. It also has over 70 distribution centers in the U.S. alone. The company also boasts an impressive e-commerce business that offers more than one million products for both DIY customers and professional contractors. Today, the company reported its first-quarter financials.

Firstly, it reported sales of $38.9 billion for the quarter, an increase of 3.8% year-over-year. This would be the highest quarter for sales in the company’s history.  Secondly, net earnings for the quarter were $4.2 billion or $4.09 per diluted share. Home Depot says that after comparing against last year’s historic growth and despite facing a slower start to the year, it has managed to pull off another solid quarter. Topping things off, the company is also raising its fiscal 2022 guidance and now expects an operating margin of approximately 15.4% and diluted earnings per share growth to be in the mid-single digits. All things considered, is HD stock worth investing in right now?

[Read More] Stock Market Today: Dow Jones, S&P 500 Rebound; Take-Two Surges On Solid Earnings

Sea Limited

top tech stocks (SE Stock)

Sea Limited is a leading e-commerce company with headquarters in Singapore. The company has three core businesses spanning the e-commerce, digital entertainment, and digital payments markets. Shopee, its e-commerce platform is the largest in Southeast Asia and Taiwan. Also, Shopee was the top e-commerce brand in YouGov’s “Best Global Brands 2021” and ranked sixth overall. SE stock is up by over 12% on today’s opening bell. The company also reported its first-quarter financials.

Diving in, the company posted a total GAAP revenue of $2.9 billion, an increase of 64.4% year-over-year. Total gross profit was $1.2 billion, up by 81.3% year-over-year. This was driven by gross orders that totaled 1.9 billion, increasing by over 70% year-over-year. Gross Merchandise Value was $17.4 billion for the quarter, an increase of 38.7% year-over-year. In Southeast Asia and Taiwan respectively, Shopee continues to rank first in the Shopping category by average monthly active users and total time spent in-app for the first quarter of 2022. With that in mind, is SE stock worth adding to your portfolio right now?

Chewy Inc.

best ecommerce stocks to buy (CHWY stock)

Next, we have Chewy, an online e-commerce company that runs a pet food retailing business. It strives to be one of the most trusted and convenient destinations for both pet parents and partners everywhere. In essence, it offers a personalized service of a neighborhood pet store alongside the convenience and speed of e-commerce. The company offers a wide selection of over 100,000 products that include food and medication for pets.

In late March, the company posted its fourth quarter and fiscal 2021 financials. Net sales for the quarter was $2.39 billion, an increase of over 17% year-over-year. “Our ability to deliver 24 percent net sales growth in 2021, on top of the outsized growth we delivered last year, reflects the durability of our business and the Pet category beyond the near-term benefits of the pandemic, and is a strong testament to Chewy’s ability to execute in the face of rapidly evolving macro conditions,” said Sumit Singh, Chief Executive Officer of Chewy. Also, Singh notes that Chewy’s net sales per active customer hit a record high of $430 during the quarter. This would go to show the persisting loyalty consumers have towards the company’s offerings. With all this in mind, would CHWY stock be a top buy in your books?

[Read More] Top Stock Market News For Today May 17, 2022 

Etsy Inc.

best e-commerce stocks (ETSY stock)

Finishing this list today, we have Etsy, an e-commerce company that focuses on handmade and vintage items. These would include jewelry, bags, furniture, and art & crafts. Items that are at least 20 years old are only considered to be vintage by the company. Also, its marketplace platform connects millions of buyers and sellers from around the globe. For sellers, Etsy also offers a range of tools and services that can address their key business needs.

On May 4, 2022, the company reported its first-quarter financials as well. Its highlights include a consolidated gross merchandise sales (GMS) of $3.3 billion, increasing by 3.5% year-over-year. Consolidated revenue for the quarter was $579.3 million, an increase of 5.2% year-over-year. Furthermore, net income for the quarter was $86.1 million. Etsy says that despite continued uncertainty and macroeconomic headwinds, it continues to deliver solid results that show that it is maintaining most of its gains. With that piece of information, is ETSY stock worth buying today?

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The post 4 E-Commerce Stocks To Watch In May 2022 appeared first on Stock Market News, Quotes, Charts and Financial Information | StockMarket.com.

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Economics

Expert on Bath & Body Works: ‘an easy double the next three years’

Bath & Body Works Inc (NYSE: BBWI) might have been painful for the shareholders this year, but the road ahead will likely be a rewarding one, says…

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Bath & Body Works Inc (NYSE: BBWI) might have been painful for the shareholders this year, but the road ahead will likely be a rewarding one, says the Senior Vice President and Portfolio Manager at Westwood Group.

BBWI separated from Victoria’s Secret

The retail chain separated from Victoria’s Secret in 2021, which, as per Lauren Hill, clears the way for a 100% increase in the stock price in the coming years. On CNBC’s “Closing Bell: Overtime”, she said:

[Bath & Body Works] has really strong pricing power. They have 85% of their supply chain in the United States and with the Victoria’s Secret brand now gone, I think it’s a wonderful buy; an easy double the next three years.

Last month, the Columbus-headquartered company reported results for its fiscal first quarter that topped Wall Street expectations.

Bath & Body Works is a reopening play

The stock currently trades at a PE multiple of 6.64. Hill is convinced Bath & Body works is a reopening name and will perform so much better as the world continues to pull out of the pandemic. She noted:

Customers have missed buying their scented products in store and as their social occasion calendars fill up, they are getting back out there and buying more gifts, including Bath & Body Works products.

Hill also dubbed BBWI a great pick amidst the ongoing inflationary pressures because of its reasonably priced products. Shares are down more than 50% versus the start of 2022.

The post Expert on Bath & Body Works: ‘an easy double the next three years’ appeared first on Invezz.

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Economics

Majority Of C-Suite Execs Thinking Of Quitting, 40% Overwhelmed At Work: Deloitte Survey

Majority Of C-Suite Execs Thinking Of Quitting, 40% Overwhelmed At Work: Deloitte Survey

Authored by Naveen Anthrapully via The Epoch Times,

A…

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Majority Of C-Suite Execs Thinking Of Quitting, 40% Overwhelmed At Work: Deloitte Survey

Authored by Naveen Anthrapully via The Epoch Times,

A majority of C-suite executives are considering leaving their jobs, according to a Deloitte survey of 2,100 employees and C-level executives from the United States, Canada, the UK, and Australia.

Almost 70 percent of executives admitted that they are seriously thinking of quitting their jobs for a better opportunity that supports their well-being, according to the survey report published on June 22. Over three-quarters of executives said that the COVID-19 pandemic had negatively affected their well-being.

Roughly one in three employees and C-suite executives admitted to constantly struggling with poor mental health and fatigue. While 41 percent of executives “always” or “often” felt stressed, 40 percent were overwhelmed, 36 percent were exhausted, 30 percent felt lonely, and 26 percent were depressed.

“Most employees (83 percent) and executives (74 percent) say they’re facing obstacles when it comes to achieving their well-being goals—and these are largely tied to their job,” the report says. “In fact, the top two hurdles that people cited were a heavy workload or stressful job (30 percent), and not having enough time because of long work hours (27 percent).”

While 70 percent of C-suite execs admitted to considering quitting, this number was at only 57 percent among other employees. The report speculated that a reason for such a wide gap might be the fact that top-level executives are often in a “stronger financial position,” due to which they can afford to seek new career opportunities.

Interestingly, while only 56 percent of employees think their company executives care about their well-being, a much higher 91 percent of C-suite administrators were of the opinion that their employees believe their leaders took care of them. The report called this a “notable gap.”

Resignation Rates

The Deloitte report comes amid a debate about resignation rates in the U.S. workforce. Over 4.4 million Americans quit their jobs in April, with job openings hitting 11.9 million, according to the U.S. Department of Labor. In the period from January 2021 to February 2022, almost 57 million Americans left their jobs.

Though some are terming it the “Great Resignation,” giving it a negative connotation, the implication is not entirely true since most of those who quit jobs did so for other opportunities. In the same 14 months, almost 89 million people were hired. There are almost two jobs open for every unemployed person in the United States, according to MarketWatch.

In an Economic Letter from the Federal Reserve Bank of San Francisco published in April, economics professor Bart Hobijn points out that high waves of resignations were common during rapid economic recoveries in the postwar period prior to 2000.

“The quits waves in manufacturing in 1948, 1951, 1953, 1966, 1969, and 1973 are of the same order of magnitude as the current wave,” he wrote. “All of these waves coincide with periods when payroll employment grew very fast, both in the manufacturing sector and the total nonfarm sector.”

Tyler Durden Sat, 06/25/2022 - 20:30

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Spread & Containment

Optimism Slowly Returns To The Tourism Sector

Optimism Slowly Returns To The Tourism Sector

Coming off the worst year in tourism history, 2021 wasn’t much of an improvement, as travel…

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Optimism Slowly Returns To The Tourism Sector

Coming off the worst year in tourism history, 2021 wasn't much of an improvement, as travel remained subdued in the face of the persistent threat posed by Covid-19.

According to the United Nations World Tourism Organization (UNWTO), export revenues from tourism (including passenger transport receipts) remained more than $1 trillion below pre-pandemic levels in 2021, marking the second trillion-dollar loss for the tourism industry in as many years.

As Statista's Felix Richter details below, while the brief rebound in the summer months of 2020 had fueled hopes of a quick recovery for the tourism sector, those hopes were dashed with each subsequent wave of the pandemic.

And despite a record-breaking global vaccine rollout, travel experts struggled to stay optimistic in 2021, as governments kept many restrictions in place in their effort to curb the spread of new, potentially more dangerous variants of the coronavirus.

Halfway through 2022, optimism has returned to the industry, however, as travel demand is ticking up in many regions.

You will find more infographics at Statista

According to UNWTO's latest Tourism Barometer, industry experts are now considerably more confident than they were at the beginning of the year, with 48 percent of expert panel participants expecting a full recovery of the tourism sector in 2023, up from just 32 percent in January. 44 percent of surveyed industry insiders still think it'll take until 2024 or longer for tourism to return to pre-pandemic levels, another notable improvement from 64 percent in January.

Tyler Durden Sat, 06/25/2022 - 21:00

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