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Is Now A Good Time To Buy Stocks? 3 E-Commerce Stocks To Watch

Do these e-commerce stocks have the potential to rebound to fresh highs?
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3 Trending E-Commerce Stocks For Your May 2022 Watch List

There’s no question that e-commerce stocks were one of the biggest winners in the stock market during the onset of the pandemic. But over the past six months, most of these stocks plummeted as investors worried about the slowdown in their growth in a post-pandemic world. And as consumers start to spend their money on brick-and-mortar stores and travel experiences, it’s natural that e-commerce spending will take a hit. Thus, such a trend could also be contributing to the downtrend in the shares of e-commerce companies.

What’s more, concerns about inflation and rate hikes have been weighing on sentiments in the broader stock market. Could it be a good idea to purchase financially sound companies with attractive valuations at such times? For instance, we only need to look at the likes of Shopify. Despite showing exceptional growth in 2021, Shopify stock has shed more than 80% from its all-time high level. While it may deter some investors from investing in these tech companies, others may be buying the dips. 

Elsewhere, South Korean e-commerce giant Coupang (NYSE: CPNG) has already provided a glimpse of what’s to come earlier today. Its recent first-quarter earnings were impressive, to say the least. Its total revenues were a record $5.1 billion, up 22% year-over-year. Meanwhile, it also recorded the highest gross profit and gross profit margin in Coupang’s history. All in all, it may not be the worst idea to bank on the future of e-commerce stocks. If you share the same sentiment, here are some of the top e-commerce stocks to keep an eye on in the stock market today

E-Commerce Stock To Watch In May 2022

eBay

First up, we have the global commerce company eBay. Through its Marketplace platforms, buyers and sellers could connect in more than 190 markets around the globe. Its technology empowers its customers and provides everyone with an opportunity to grow and thrive. No matter who or where they are, the ripple effect of its work creates waves of changes for customers and anyone that uses the company’s platform. Therefore, investors keeping an eye on the e-commerce industry would likely be paying attention to EBAY stock. 

After all, eBay just came off a better-than-expected fiscal first-quarter in 2022. Despite the current macro headwinds, the company remains firm and its long-term strategy is still intact. The company posted revenue of $2.5 billion, down 6% compared to the prior year’s quarter but exceeding most analysts’ expectations. Meanwhile, its Non-GAAP earnings per share were $1.05, also exceeding expectations. Consequently, eBay reassured its investors that the company is focusing on the future with an eye toward sustainable growth. 

On top of that, the company started the month of May with the launch of its third annual Up & Running Grants program. This is to provide support to the U.S. small businesses with the resources they need to scale, grow and thrive in the modern commerce era. eBay recognizes that small businesses are essentially the backbone of its platform. Thus, this program is part of the company’s ongoing commitment to empower them as it continues to find ways to make eBay their platform of choice. All things considered, there appear to be plenty of positives to go around. So, would you consider EBAY stock to be a top e-commerce stock to watch?

EBAY stock
Source: TD Ameritrade TOS

[Read More] 4 Artificial Intelligence Stocks To Watch Right Now

Shopify

Shopify is a software giant that specializes in the e-commerce space. In detail, the company provides a cloud-based, multi-channel commerce platform for small and medium-sized businesses. Merchants leverage its software to run their business across all of their sales channels, including Web and mobile storefronts. Therefore, giving merchants a single view of their business and customers across all sales channels. For these reasons, Shopify has been the commerce platform of choice for many merchants in any environment. 

Last Thursday, the company announced its first-quarter earnings. Shopify’s total revenue for the quarter improved to $1.2 billion, representing an increase of 22% year-over-year and a two-year compound annual growth rate of 60%. Not to mention, its Monthly Recurring Revenue also improved to $105.2 million, up 17% year-over-year. Admittedly, these figures may not be as exhilarating as the early stages of the pandemic. However, it does not change the fact that Shopify is still growing in the right direction.

Furthermore, the company also announced that it has reached an agreement to acquire Deliverr, Inc. For those unaware, this is a fulfillment technology company that provides simplicity and scale to millions of merchants. It also aims to remove the complexity of fragmented supply chain management. As such, Shopify will gain visibility and control of movement along the supply chain while empowering merchants to achieve fast delivery promises across channels. Given these encouraging developments, should investors be paying more attention to SHOP stock right now?

SHOP stock
Source: TD Ameritrade TOS

[Read More] Most Active Stocks To Buy Today? 4 Metaverse Stocks To Watch

Amazon

To sum up the list, it is only right to include one of the largest e-commerce companies in the world, Amazon. The company engages in the retail sale of consumer products and subscriptions around the world. For most parts, it sells merchandise and content purchased for resale from third-party sellers. That said, Amazon is now a tech conglomerate that often pushes its boundaries with a focus on innovation. For example, the company’s Amazon Web Services (AWS) is a comprehensive and broadly adopted cloud platform. 

Although Amazon missed estimates in the recent quarter, AWS has been showing plenty of promise. The cloud computing segment grew 34% annually over the last 2 years, and 37% year-over-year in the first quarter. To say the least, it is the key component that is helping Amazon to weather the storm and move more of its workloads into the cloud. It is also noteworthy that Amazon is still the largest e-commerce company in the U.S. but has only penetrated approximately 13% of overall retail spending. 

Besides that, Amazon introduced “Buy with Prime” in April. This new feature will allow U.S.-based Prime members to shop directly from merchants’ online stores. When shopping with Buy with Prime, checkout is simple and convenient. Prime members will use the payment and shipping information stored in their Amazon account and receive timely shipping and delivery notifications after an order is placed. Overall, there may still be reasons for optimism when it comes to Amazon. With that in mind, could this be an opportunity to invest in AMZN stock at its current valuation?

AMZN stock chart
Source: TD Ameritrade TOS

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The post Is Now A Good Time To Buy Stocks? 3 E-Commerce Stocks To Watch appeared first on Stock Market News, Quotes, Charts and Financial Information | StockMarket.com.

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Economics

Global Industry Statement on the WTO Moratorium on Customs Duties on Electronic Transmissions

Global Industry Statement on the WTO Moratorium on Customs Duties on Electronic Transmissions
PR Newswire
NEW YORK, May 17, 2022

NEW YORK, May 17, 2022 /PRNewswire/ — The United States Council for International Business (USCIB) joined today nearly…

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Global Industry Statement on the WTO Moratorium on Customs Duties on Electronic Transmissions

PR Newswire

NEW YORK, May 17, 2022 /PRNewswire/ -- The United States Council for International Business (USCIB) joined today nearly 100 other global trade and industry associations to urge WTO members to renew the Moratorium on Customs Duties on Electronic Transmissions at the 12th WTO Ministerial Conference in June.

According to the statement, allowing the Moratorium to expire would be a historic setback for the WTO, representing an unprecedented termination of a multilateral agreement in place nearly since the WTO's inception – an agreement that has allowed the digital economy to take root and grow. All WTO members have a stake in the organization's continued institutional credibility and resilience, as well as its relevance at a time of unprecedented digital transformation.

Continuation of the Moratorium is critical to the COVID-19 recovery. As detailed by the United Nations, the World Bank, the OECD, and many other organizations, the cross-border exchange of knowledge, technical know-how, and scientific and commercial information across transnational IT networks, as well as access to digital tools and global market opportunities have helped sustain economies, expand education, and raise global living standards.

Continuation of the Moratorium is also important to supply chain resilience for manufacturing and services industries in the COVID-19 era. Manufacturers – both large and small, and across a range of industrial sectors – rely on the constant flow of research, design, and process data and software to enable their production flows and supply chains for critical products.

The Moratorium is particularly beneficial to Micro, Small and Medium-Sized Enterprises (MSMEs), whose ability to access and leverage digital tools has allowed them to stay in business amidst physical restrictions and lockdowns.

Failure to renew the Moratorium will jeopardize these benefits, as customs restrictions that interrupt cross-border access to knowledge and digital tools will harm MSMEs, the global supply chain, and COVID-19 recovery – increasing digital fragmentation. As UNCTAD has explained, such fragmentation "reduces market opportunities for domestic MSMEs to reach worldwide markets, [and] ... reduces opportunities for digital innovation, including various missed opportunities for inclusive development that can be facilitated by engaging in data-sharing through strong international cooperation.... [M]ost small, developing economies will lose opportunities for raising their digital competitiveness." 

The rest of the statement can be found here.

Media Contact: Kira Yevtukhova, kyevtukhova@uscib.org

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SOURCE United States Council for International Business

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Government

“The Real President Is Whoever Controls The Teleprompter”: Musk Delivers Scathing Criticism Of Biden

"The Real President Is Whoever Controls The Teleprompter": Musk Delivers Scathing Criticism Of Biden

Authored by Jack Phillips via The Epoch…

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"The Real President Is Whoever Controls The Teleprompter": Musk Delivers Scathing Criticism Of Biden

Authored by Jack Phillips via The Epoch Times,

Tech billionaire Elon Musk this week warned that the United States must take steps to address inflation or it will end up like socialist Venezuela.

Musk, who is currently in the process of acquiring Twitter, told a virtual conference that he believes the government has printed too much money in recent years.

“I mean, the obvious reason for inflation is that the government printed a zillion amount of more money than it had, obviously,” Musk said, likely referring to COVID-19 relief stimulus packages worth trillions of dollars that were passed in recent years.

U.S. inflation rose by 8.3 percent in April, compared with the previous year. That’s slightly lower than the 8.5 percent spike in March, but it’s still near the 40-year high.

“So it’s like the government can’t … issue checks far in excess of revenue without there being inflation, you know, velocity of money held constant,” the Tesla CEO said.

“If the federal government writes checks, they never bounce. So that is effectively creation of more dollars. And if there are more dollars created, then the increase in the goods and services across the economy, then you have inflation, again, velocity of money held constant.”

If governments could merely “issue massive amounts of money and deficits didn’t matter, then, well, why don’t we just make the deficit 100 times bigger,” Musk asked. “The answer is, you can’t because it will basically turn the dollar into something that is worthless.”

“Various countries have tried this experiment multiple times,” Musk said.

“Have you seen Venezuela? Like the poor, poor people of Venezuela are, you know, have been just run roughshod by their government.”

In 2018, Venezuela, a country with significant reserves of oil and gas, saw its inflation rise more than 65,000 percent amid an economic crash that included plummeting oil prices and government price controls. The regime of Nicolas Maduro then started printing money, thereby devaluing its currency, which caused prices to rapidly increase.

During the conference, Musk also said the Biden administration “doesn’t seem to get a lot done” and questioned who is actually in charge. 

“The real president is whoever controls the teleprompter,” he said.

“The path to power is the path to the teleprompter.”

“The Trump administration, leaving Trump aside, there were a lot of people in the administration who were effective at getting things done,” he remarked.

Musk’s comment about the White House comes as Jeff Bezos, also one of the richest people in the world, has increasingly started to target the administration’s economic policies. Bezos, in a series of Twitter posts, said the rapid increase in federal spending is the reason why inflation is as high as it is.

“Remember the Administration tried their best to add another $3.5 TRILLION to federal spending,” Bezos wrote on Monday, drawing rebuke from several White House officials. “They failed, but if they had succeeded, inflation would be even higher than it is today, and inflation today is at a 40-year high.”

Tyler Durden Tue, 05/17/2022 - 15:05

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Economics

Summit Healthcare REIT, Inc. COO/CFO Elizabeth Pagliarini participates in the 9th Annual IMN Real Estate CFO & COO Forum

Summit Healthcare REIT, Inc. COO/CFO Elizabeth Pagliarini participates in the 9th Annual IMN Real Estate CFO & COO Forum
PR Newswire
LAGUNA HILLS, Calif., May 17, 2022

LAGUNA HILLS, Calif., May 17, 2022 /PRNewswire/ — Elizabeth Pagliarini, COO…

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Summit Healthcare REIT, Inc. COO/CFO Elizabeth Pagliarini participates in the 9th Annual IMN Real Estate CFO & COO Forum

PR Newswire

LAGUNA HILLS, Calif., May 17, 2022 /PRNewswire/ -- Elizabeth Pagliarini, COO/CFO of Summit Healthcare REIT, Inc. ("Summit") joined five other industry leaders on the Executive Roundtable at the 9th Annual IMN Real Estate CFO & COO Forum at the Monarch Beach Resort in Dana Point, California. The panelists shared their thoughts and experiences regarding the post pandemic environment, namely the recovery progress and how businesses are changing, trends in tenant lease terms, and the transition back to working in the office and its implications for new hires. They also provided insights into the availability of financing and how terms have changed over the past six months, how they are managing supply chain crises, rising costs of sourcing and materials, and staffing shortages, the changes made to core processes over the past 18 months and whether these changes would be permanent, and how investor communications have changed in recent months.

About Summit Healthcare REIT, Inc. 
Summit is a publicly registered non-traded REIT that is currently focused on investing in seniors housing and care real estate located throughout the United States. The current portfolio includes interests in 53 facilities in 14 states. Please visit our website at: http://www.summithealthcarereit.com

This material does not constitute an offer to sell or a solicitation of an offer to buy Summit Healthcare REIT, Inc. 

This release may contain forward-looking statements relating to the business and financial outlook of Summit Healthcare REIT, Inc. that are based on our current expectations, estimates, forecasts and projections and are not guarantees of future performance. Actual results may differ materially from those expressed in these forward-looking statements, and you should not place undue reliance on any such statements. A number of important factors could cause actual results to differ materially from any forward-looking statements contained in this release. Such factors include those described in the Risk Factors sections of the Company's annual report on Form 10-K for the year ended December 31, 2021, and the quarterly report for the period ended March 31, 2022. Forward-looking statements in this document speak only as of the date on which such statements were made, and we undertake no obligation to update any such statements that may become untrue because of subsequent events. We claim the safe harbor protection for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.

CONTACT
Chris Kavanagh
(800) 978-8136
ckavanagh@summithealthcarereit.com

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SOURCE Summit Healthcare REIT, Inc.

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