eBay, Quest Diagnostics, Fastenal and Chubb are trading in or around buy points after earnings, while TG Therapeutics has broken out.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
eBaye-commerceearningstechnical analysis
Open a keyword to see other news on the same topic.
Related news
- Alphabet downgraded, eBay upgraded: Wall Street's top analyst calls
According to The Fly, Wells Fargo upgraded eBay (EBAY) to Equal Weight from Underweight with a price target of $106, up from $91, while Deutsche Bank upgraded PDD Holdings (PDD) to Buy with a $105 target. Citizens downgraded Alphabet (GOOGL) to Market Perform from Outperform, saying monetization appears challenged even though query growth reached a five-year high, and Barclays downgraded PayPal (PYPL) to Underweight with a $53 target, down from $56. Argus downgraded Wendy's (WEN) to Sell from Buy after a non-binding proposal from Trian Fund Management and others to acquire the shares not owned by the Investor Group for $7.35 per share in cash. BofA double downgraded Sprouts Farmers Market (SFM) to Underperform from Buy with a $47 target, down from $100, citing a challenging consumer environment and the cyclospora disruption. Oppenheimer downgraded Boston Scientific (BSX) to Perform, and Jefferies downgraded it to Hold.
- EBay to lay off 9% of workforce in its second round of job cuts this year
eBay will cut about 9% of its workforce, or roughly 1,000 employees, to streamline operations and focus on its fastest-growing areas, a spokesperson confirmed to CNBC. It is the company's second round of layoffs this year, following a 6% reduction affecting about 800 employees in February, and eBay had roughly 12,300 employees at the end of 2025. The company says it will keep hiring in priority areas aligned with its strategy, and CEO Jamie Iannone told staff in a memo that the strategy is working. The cuts come as eBay steadily shrinks its headcount while ramping up AI spending, and follow its $1.4 billion acquisition of used clothing resale platform Depop from Etsy, finalized in July. Shares were up about 1% on Wednesday morning.
- What Changed In eBay's Story?
Investors are paying a premium for eBay (EBAY), at 4.3 times trailing twelve-month sales versus 3.1 for the S&P 500. While management stressed tariff and trade-policy uncertainty in April 2025, its August 5, 2026 call for fiscal Q2 2026 highlighted eBay Live, whose gross merchandise volume grew roughly eightfold, the completed Depop acquisition, and AI-driven buying and selling. Revenue grew 14.8% in the April to June 2026 quarter, up from 6.1% a year earlier, and operating margin rose to 21.6% from 17.5%. Gross merchandise volume grew 14% excluding currency effects, while consumer-to-consumer, recommerce and focus categories each rose more than 20%; revenue growth peaked at 19.5% in January to March 2026 before slowing. eBay's July to September 2026 results are expected around October 27, 2026, and the article suggests watching whether trade policy returns and whether revenue growth holds against the 14.8% posted in the April to June quarter.
- Is eBay's Next Big Thing Already Here?
eBay bought Depop, a brand popular with younger consumers, for $1.4 billion in cash, closing the deal on July 30, 2026, and management expects it to start adding to adjusted operating profit in 2028. Depop's buyer count rose from about 7 million when the deal was announced to close to 9 million by the end of June, while eBay's consumer-to-consumer GMV grew over 20% in the June quarter, outpacing total GMV growth of 14%. Management expects Depop to add roughly 1 percentage point to eBay's 2026 revenue growth but to hold back adjusted operating income growth by about 2 points against guidance of 10% to 12%. Excluding Depop, management guides third-quarter revenue growth of about 7% to 9%, versus 14% in the June quarter, mainly due to lapping last year's gains. eBay stock returned 30.1% over the past year, compared with 16.5% for the S&P 500.
- GameStop (GME) Disclosed A Stake In A Major Online Marketplace
GameStop (NYSE: GME) has disclosed a new equity stake in eBay while pushing harder into collectibles and trading cards. According to the article, collectibles now make up a substantial share of sales as the retailer shifts floor space away from physical games, and a recently expanded trading card partnership aims to deepen its presence in higher-margin hobby and memorabilia categories. The article argues the eBay holding links GameStop's store network to a large digital marketplace, and says the key test is how these categories show up in reported results.
- eBay Jumps 5% to a 52-Week High on a Recycled GameStop Rumor
Related markets
Latest news
- Alphabet (GOOGL) Stock Sees Fair Value Cut After Q3 Miss And Higher AI Spending
Alphabet's Fair Value Estimate was adjusted from US$429.46 to US$408.09, narrowing the implied upside in some analyst models. TD Cowen, BMO Capital and Oppenheimer highlighted AI and Google Cloud momentum, while Citi, JPMorgan, Piper Sandler, Deutsche Bank and BofA cut price targets after Search revenue growth came in below buy-side expectations, free cash flow softened and heavier AI and TPU capex weighed on sentiment. Updated assumptions include revenue growth moving from 21.31% to 22.16%, net profit margin from 30.54% to 29.44%, future P/E from 28.95x to 26.94x, and discount rate from 8.77% to 8.69%.
- 3 Capital Efficient Software Stocks For Steady Cash Flow
The article argues that as AI-heavy giants such as Amazon and Intel pour cash into data centers and chips, the market is punishing expensive or cash-hungry stocks, which may shift attention to quieter firms that generate steady free cash flow. It highlights 3 stocks from a high free-cash-flow screener, noting that the same screen found 32 more cash-generative businesses not covered in the piece. R Systems International (NSEI:RSYSTEMS) generates about ₹20.1b from IT services and ₹2.2b from BPO work, with a market value of roughly ₹29.7b, and its OptimaAI platform and AI-first delivery already influence an estimated 28% to 30% of revenue. Sonata Software (NSEI:SONATSOFTW), with a market value of about ₹61.9b, provides IT services, cloud and AI solutions, and the article says it avoids the heavy capital spending and balance sheet strain that worry some investors in hardware-intensive peers.
- Trumpflation Is Getting Worse and It Could Trigger a Wall Street Nightmare
The PCE price index rose 3.6% year over year in September, up from 3.4% in August, while core inflation accelerated to 3.1%, both above the Fed's 2% target. The article notes NY Fed research found businesses and consumers absorbed nearly 90% of the economic burden of tariffs imposed in 2025, but argues the Iran war now plays a larger role: Brent crude averaged $114 per barrel in September, up $23 from August, and gasoline jumped 9.1%, accounting for more than half the rise in consumer prices. At the October 28 meeting, the Fed held rates at 3.75% to 4.00% in a 10–2 vote, with two members wanting another quarter-point hike after September's unanimous increase. Real disposable income fell 0.3% in September even as nominal consumer spending rose 0.5%. The article warns that AI infrastructure spending could approach $1 trillion annually by 2027, and heavily indebted firms like CoreWeave, with about $35 billion in debt and $640 million in quarterly interest costs, could face higher financing costs if rates rise.
- Jensen Huang Just Announced Fantastic News for Nvidia Stock Investors
Nvidia CEO Jensen Huang said demand for neoclouds, providers that rent out compute power for AI, is 'off the charts,' but these companies may lack the working capital to fund their expansion. CoreWeave and Space Exploration Technologies (SPCX) also said demand exceeds what they can supply in the short term, and CoreWeave has raised more than $30 billion in debt and equity this year, equal to almost 91% of its roughly $33 billion market cap. The author says that if neoclouds secure funding through more borrowing or dilutive financing, they will keep buying Nvidia GPUs and Nvidia could benefit, while spending could fall if the AI boom slows.
- Crypto industry pours more than $200 million into 2026 midterms to pressure Congress on favorable rules
Crypto-tied organizations have contributed more than $200 million this election cycle, according to Public Citizen, outpacing online betting and data center groups in federal corporate political spending. Fairshake and its affiliated super PACs back 33 House candidates, 19 Republicans and 14 Democrats, and are prioritizing six incumbents with a baseline of $1 million each. Coinbase says it donated $25 million to Fairshake's 2026 midterm efforts, after contributing $79 million to federal races in the 2024 cycle. The Clarity Act, a bipartisan crypto market-structure bill, stalled in the Senate in September after Democrats argued it did too little to stop top officials from profiting from crypto, amid a Gallup poll finding a record 89% of U.S. adults say government corruption is widespread. In Ohio, Fairshake told CNBC it has spent $55 million to oppose Sherrod Brown, who holds a four-point edge over Jon Husted in a Marist poll, within a 4.5% margin of error.
- The stock market's front-runners stumbled in October. Here's where the smart money is moving now.
U.S. stocks reversed sharply in October as worries about shrinking free cash flow and rising borrowing costs disrupted the rally in AI-related shares.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.