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Hot Stocks To Buy Right Now? 3 E-Commerce Stocks To Watch In November 2021

E-commerce stocks to consider ahead of the year-end holiday shopping season.
The post Hot Stocks To Buy Right Now? 3 E-Commerce Stocks To Watch In November 2021 appeared first on Stock Market News, Quotes, Charts and Financial Information | StockMark…

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3 Top E-Commerce Stocks To Watch Right Now

E-commerce stocks appear to be in an interesting position in the stock market today, to say the least. By and large, several factors have and continue to weigh in on the sector now. This is apparent as investors consider a rather mixed bag of U.S. economic data coming in this week. On one hand, the U.S. gross domestic product (GDP) growth for the third quarter came in at 2.0%, below consensus estimates of 2.6%. With the economic recovery seemingly slowing down, some would argue that demand for e-commerce services could follow suit.

On the other hand, investors also received upbeat job market and consumer confidence-related data. Namely, the Labor Department’s weekly jobless claims metric fell to a new pandemic-era low. In detail, initial unemployment claims for the week came in at 281,000 versus estimates of 288,000. If that wasn’t enough, U.S. consumer confidence rose in October after three consecutive months of declines. Couple all this with rising wages amidst the current labor shortages and the bull thesis for e-commerce stocks continues to grow.

Regardless of all this, the e-commerce industry continues to push forward as well. For instance, we could look at the likes of Amazon (NASDAQ: AMZN). Sure, the company’s overall sales for the quarter are seeing a slight slowdown with an earnings per share of $6.12 on revenue of $110.81 billion. Given that these figures are being compared to blowout quarters, this is not surprising. Elsewhere, firms like Stitch Fix (NASDAQ: SFIX) that thrived throughout the pandemic continue to adapt their businesses. This is evident as the firm recently launched its ‘Freestyle’ service, giving customers much more flexibility on its platform. With all that said, could one of these top e-commerce stocks be worth watching in the stock market now?

Best E-Commerce Stocks To Buy [Or Sell] Ahead Of November 2021

Sleep Number 

Starting us off today is Sleep Number (SNBR). As the name suggests, the company specializes in manufacturing and marketing beds. In essence, SNBR offers consumers beds alongside foundations and other related bedding accessories. Among its flagship offerings is the award-winning 360 Smart Beds. The likes of which adapt across sleep sessions to provide users with optimized experiences. Aside from its network of over 625 locations across the U.S., SNBR has and continues to invest heavily in its e-commerce operations as well.

Given the relevance of the home furnishing industry throughout the pandemic, SNBR stock continues to gain in the stock market. Since its Covid era low, the company’s shares are now up by a whopping 480%. Thanks to its latest quarterly earnings report, investors could be eyeing SNBR stock now. Notably, the company posted an earnings per share of $2.22 on record revenue of $640 million for the quarter. In particular, SNBR crushed consensus earnings per share estimates of $1.44. Overall, CEO Shelly Ibach cites the SNBR teams’ stellar execution and SNBR’s current business model as notable growth catalysts throughout the quarter.

Regarding its long-term growth outlook, SNBR appears to be confident as well. The company is now eyeing an earnings per share of $7.25 for the fiscal year, a sizable 57% year-over-year leap. Given all of this, would SNBR stock be a top buy for you now?

SNBR stock
Source: TD Ameritrade TOS

[Read More] Top Reddit Stocks To Buy Right Now? 5 For Your Late 2021 Watchlist

Affirm

Another name to consider in the e-commerce space now would be Affirm. Sure, most would not immediately think of AFRM stock as an e-commerce stock. However, you can’t deny that Affirm’s fintech services are becoming an increasingly relevant element in the digital shopping world today. For the uninitiated, Affirm primarily offers Buy-Now-Pay-Later (BNPL) services. In short, BNPL allows consumers to pay for their purchases over time in smaller amounts. Given the rise in consumer demand for BNPL services, e-commerce giants across the board continue to turn to Affirm.

Even now, AFRM stock is currently sitting on year-to-date gains of over 65%. This would be thanks to its numerous partnerships with the likes of Amazonand Target (NYSE: TGT) among other firms. In fact, the company’s shares surged by over 7% during intraday trading yesterday on account of its latest alliance. Impressively, Affirm is now working with American Airlines (NASDAQ: AAL), offering its BNPL services to travelers. With the current resurgence in consumer travel demands, this would be a welcomed service for travelers. This would be the case as the overall upfront cost of vacations could be substantially reduced through BNPL solutions.

Not to mention, the company also recently launched its Affirm Debit+ debit card. To highlight, it is the first U.S. debit card to offer pay over time functionality, according to Affirm. With consumer spending normally ramping up during the year-end holiday seasons, will you be keeping an eye on AFRM stock?

AFRM stock
Source: TD Ameritrade TOS

[Read More] Best EV Stocks To Buy Right Now? 4 In Focus

Shopify

Following that is Shopify. For the most part, the Canadian firm is an expert in enabling businesses of all sizes in the digital space. Accordingly, the company’s digital marketplace is now home to over 1.7 million merchants from across the globe. Through Shopify, said merchants have access to a wide array of retail tools. This includes but is not limited to highly customizable storefronts, seamless checkout systems, and developer-friendly scripts on-site. All of which serves to optimize their businesses. As such, Shopify would stand to benefit from any potential tailwinds in the e-commerce industry now.

Evidently, SHOP stock is still holding on to gains of over 320% since the early days of the pandemic. This would suggest that investor interest in the company and its long-term growth prospects persist. This is apparent as the company’s shares soared by a whopping 7.93% during yesterday’s trading session. Understandably, this would be on account of the company’s third fiscal quarter earnings report posted yesterday.

For starters, Shopify posted a total gross merchandise volume of $400 billion for the quarter. Additionally, it also raked in a total revenue of $1.12 billion, marking a solid 46% year-over-year increase. According to Shopify, this is thanks to steady growth in its subscription solutions and merchant solutions. Namely, both divisions posted year-over-year revenue hikes of 37% and 51% respectively. Regarding its outlook for the fourth quarter, Shopify believes that it will “contribute the largest share” of its full-year revenue. Given the company’s current momentum, could SHOP stock be worth investing in for you?

SHOP stock
Source: TD Ameritrade TOS

The post Hot Stocks To Buy Right Now? 3 E-Commerce Stocks To Watch In November 2021 appeared first on Stock Market News, Quotes, Charts and Financial Information | StockMarket.com.

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Wall Street Bonuses Fall For Second Year To 2019 Lows Amid Capital Markets Freeze

Wall Street Bonuses Fall For Second Year To 2019 Lows Amid Capital Markets Freeze

Wall Street bonuses have declined for two consecutive years,…

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Wall Street Bonuses Fall For Second Year To 2019 Lows Amid Capital Markets Freeze

Wall Street bonuses have declined for two consecutive years, falling to levels last seen in 2019, according to the latest yearly figures released by New York State Comptroller Thomas P. DiNapoli. This trend is occurring amidst a multi-year downturn in capital markets due to the Federal Reserve's interest rate hiking cycle.

According to the report, the average Wall Street cash bonus fell 2% to $176,500 in 2023, the lowest level since 2019. The drop was far less than the 25% plunge in 2022. Last year's bonus pool was $33.8 billion, unchanged from the previous year but far less than the $42.7 billion during the stock market mania in 2021. 

Source: Bloomberg 

"Wall Street's average cash bonuses dipped slightly from last year, with continued market volatility and more people joining the securities workforce," DiNapoli said in a news release on Tuesday. 

He continued: "While these bonuses affect income tax revenues for the state and city, both budgeted for larger declines so the impact on projected revenues should be limited." 

"The securities industry's continued strength should not overshadow the broader economic picture in New York, where we need all sectors to enjoy full recovery from the pandemic," he added.

Despite the slump, the report said Wall Street's profits rose 1.8% last year, "but firms have taken a more cautious approach to compensation, and more employees have joined the securities industry, which accounts for the slight decline in the average bonus." 

The report showed the industry employed 198,500 people in 2023, up from 191,600 the prior year. This expansion occurred during a period when US banks laid off 23,000 jobs. 

Given that swaps traders and economists at Goldman Sachs Group are forecasting fewer Fed interest-rate cuts this year, a higher-for-longer rates environment will continue to discourage capital-market activity. 

There's about a 50% chance of a June cut. Over the last several months, the Fed's interest-rate target implied by overnight index swaps and SOFR futures went from 700bps of cuts to currently 292bps of cuts for the full year. 

Any delay in the easing cycle will only mean another year of depressed bonuses for Wall Street. 

Tyler Durden Tue, 03/19/2024 - 10:00

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Caitlin Clark, Coach Prime, and Linsanity: The Anatomy of a Viewership ‘Craze’

This is a trying time for sports on television as the industry fights the headwinds of cord-cutting and media fragmentation. Television networks and leagues…

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This is a trying time for sports on television as the industry fights the headwinds of cord-cutting and media fragmentation. Television networks and leagues have taken measures that just a short time ago would have been considered extreme, desperate, or some combination of the two: an In-Season Tournament in the NBA; MLB in an Iowa cornfield; NASCAR inside the L.A. Coliseum. These efforts have been met with moderate success from a viewership standpoint, but they are not the type of needle-movers that drastically impact viewership in the aggregate. That type of shift requires a unicorn, and the last year has featured two: Caitlin Clark and Deion Sanders.

Clark has spent the past season breaking records on and off the court. Her Iowa Hawkeyes played in two of the four most watched college basketball games this season — regardless of gender. Both her record-breaking game against Ohio State and Big Ten Tournament championship win against Nebraska attracted over three million viewers. Only two men’s games, a Thanksgiving NFL lead-out between Michigan State and Arizona on FOX (5.18m), and a Duke-UNC game on ESPN (3.08m) also eclipsed the three million mark. Clark’s Big Ten Tournament semifinal against Michigan was the most watched women’s sporting event ever measured on Big Ten Network (1.08m). The championship game on CBS was the network’s most watched college basketball game of the year, men’s or women’s (pending results from this past weekend).

Of the six most watched women’s college basketball games this year, Clark played in five. Last year’s LSU-Iowa championship game delivered 9.9m viewers, the most ever for a women’s college game in the Nielsen people-meter era (dates back to 1988). The list could go on.

Deion Sanders — aka Coach Prime — transcended the sport of college football for a moment last fall. On his way to becoming Sports Illustrated Sportsperson of the Year, the Prime-fueled Colorado Buffaloes played in five of the fifteen most-watched regular season games of the year, more than any other school. Through the first five weeks of the season, Colorado played in either the first or second most-watched game of the week. Incredibly, that includes a Week 3 game against Colorado State that averaged 9.3 million viewers on ESPN, despite not kicking off until after 10 PM ET. That game drew four million more viewers than the second-most watched game that week, Georgia-South Carolina in the afternoon window on CBS. All of this for a team that won just one game the previous season.

Such viewership anomalies do not happen in a bubble; they are products of larger, media-driven forces. Think of last summer’s “Barbenheimer” craze for instance. Those two blockbuster films almost single-handedly lifted the box office from its pandemic-era depths. As many Hollywood analysts pointed out, the organic social media trend spurred from the strange juxtaposition of both movies being released on the same day led them to sell more tickets. Established media operations then picked up the story and fed into the trend. Social media isn’t always wagging the tail of traditional media, it can go both ways. The key to a true ‘craze’ however, is breaking through everywhere, no matter the media one consumes.

Maybe the most comparable sports craze in recent memory to the Clark-Sanders charged viewership of this past year is Linsanity. For a few weeks in 2012, New York Knicks guard Jeremy Lin broke out in a series of masterful performances that captured the imagination of the basketball world. Lin helped MSG Network improve its ratings by 82% through mid-February compared to the previous season — an absurd jump. However, Linsanity is perhaps also the most illustrative of another key factor in these viewership crazes: by definition, they are fleeting.

A look at Google search trends (below) puts these anomalies into perspective. Linsanity lasted about three weeks. Prime Time at Colorado was able to break through for about a month. Clark’s 2023 spike held for a few weeks in March, though her spike started much earlier this season, beginning to trend up in January. The lesson here, these massive viewership crazes are nice to have, can potentially raise the floor of a sport on the margins, but cannot be relied on for sustained viewership long term.

Caitlin Clark

Deion Sanders

Jeremy Lin

This isn’t to say these anomalies are without value. Networks have realized that facilitating these crazes help maintain healthy viewership in a difficult television environment. Thus, manufacturing these short-lived spikes could prove to be a key component of network’s strategies into the future. Last year for instance, FOX sent its Big Noon Kickoff show to a Colorado game four of the first five weeks of the season to help jump-start the Deion Sanders media blitz. ESPN’s College GameDay also setup shop in Boulder for the Week 3 game against Colorado State, the same week CBS’s 60 Minutes aired a Deion Sanders story.

As for Clark, ESPN recently announced that for the first time, it will embed a reporter (Holly Rowe) with Iowa for the team’s upcoming NCAA Tournament run. FOX gave Clark special treatment as well. When the network aired Caitlin Clark games this season, they would have her stat line permanently fixed on the scorebug. They livestreamed a “Caitlin Clark Cam” on TikTok. FOX even reportedly offered Clark an NIL package to incentivize her to play in college another year.

Of course, these crazes cannot solely be manufactured by the networks. There must be some truly organic interest in the subject for any of this to be possible. Between Clark and Sanders, there’s evidence to suggest that such crazes are becoming more frequent. Two in one year is notable when the last similar instance was Linsanity in 2012. This is partly due to the networks’ willingness to feed into these stories, though the growing desire in public life for shared experiences should not be discounted either.

Record-setting viewership has become commonplace for sporting events that have found ways to break into the monoculture. To be sure, some of that is because of Nielsen’s changes to out-of-home viewing measurements, though arguably the reason a property like the NFL has been so successful lately is because of its ubiquity in American life. Clark and Sanders have been able to simulate similar far-reaching appeal to generate viewership, albeit for shorter periods of time, and orders of magnitude smaller than the NFL.

A level of cultish personality, elite talent, or both seems prerequisite for a viewership craze to start. The level to which television networks will find ways to capitalize on these circumstances in the future remains to be seen. As traditional media fights for survival, with live sports as a main component, replicating Clark or Sanders-esque media booms may well become a substantial part of the formula. The next few years will be telling about how much influence traditional media still has in its agenda-setting role, and how far they’ll be willing to go to facilitate a media-induced frenzy.

The post Caitlin Clark, Coach Prime, and Linsanity: The Anatomy of a Viewership ‘Craze’ appeared first on Sports Media Watch.

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Gates-backed PhIII study tuberculosis vaccine study gets underway

A large study of an experimental vaccine for the world’s biggest infectious disease has finally kicked off in South Africa.
The Bill & Melinda Gates…

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A large study of an experimental vaccine for the world’s biggest infectious disease has finally kicked off in South Africa.

The Bill & Melinda Gates Medical Research Institute (MRI) will test a tuberculosis vaccine’s ability to prevent latent infections from causing potentially deadly lung disease. Last summer the nonprofit said it would foot $400 million of the estimated $550 million cost of running the 20,000-person Phase III trial.

It’s a pivotal moment for a vaccine whose origins date back 25 years when scientists identified two proteins that triggered strong immunity to the bacterium that causes tuberculosis. A fusion of those proteins, paired with the tree bark-derived adjuvant that helps power GSK’s shingles shot, comprise the so-called M72 vaccine.

Thomas Scriba

After decades of failures in the field, the vaccine impressed scientists in 2018 when GSK found that it was 54% efficacious at preventing lung disease in a 3,600-person Phase IIb study.

But the Big Pharma decided that a full-blown trial was too expensive to conduct on its own. Gates MRI stepped in to license the vaccine in early 2020, right before the Covid pandemic shifted global vaccine priorities towards the coronavirus, further stalling the tuberculosis shot.

“There’s been frustration that it’s taken so long to get this trial up and running,” Thomas Scriba, deputy director of immunology for the South African Tuberculosis Vaccine Initiative, told Endpoints News last summer.

At last, the vaccine is getting a chance to prove itself in a bigger study. If successful, it could lead to the first new shot for tuberculosis in over a century.

Emilio Emini, CEO of the Gates MRI, told Endpoints that the initial results may come in roughly four to six years. “Hopefully this will galvanize a refocus on TB,” he said. “It’s been ignored for many, many years. We can’t ignore it anymore.”

A substantial impact

Even though an existing vaccine helps protect babies and children against severe tuberculosis, the bacterium responsible for the disease still causes roughly 10 million new cases and 500,000 deaths each year.

Emilio Emini

By vaccinating adolescents and adults who test positive for infections but don’t have symptoms of lung disease, the Gates MRI hopes the shot will help prevent mild infections from becoming severe ones, curtail transmission of the bug, which is predominantly driven by people with lung disease, and reduce deaths.

“The impact would be substantial,” Emini said. But he cautioned that the biology behind mild and severe diseases is still mysterious. “The reality is that no one really knows what keeps it under control.”

The study, which will take place at 60 sites across seven countries, will include some people who are not infected with tuberculosis to ensure that the vaccine is safe in that broader population.

“Having to pre-test everybody is not going to make the vaccine easy to deliver,” Emini said. If the vaccine is ultimately approved, it will likely be used in targeted communities with high tuberculosis, rather than across a whole country, he added. “In practice, you would immunize everybody in those populations.”

Emini described the Gates MRI’s rights to the vaccine as “close to a worldwide license.” GSK retained rights to commercialize the vaccine in certain countries but declined to specify which ones.

A spokesperson for GSK said that the company “has around 30 assets under development specifically for global health … none of which are expected to generate significant return on investment.”

“It is not sustainable or practical in the longer term for GSK to deliver all of these alone. So we continue to work on M72, but in partnership with others,” the spokesperson added.

If the shot works, Emini said that the Gates MRI will sublicense it to a manufacturer that will be responsible for making and marketing the vaccine. The details are still being worked out, he noted.

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