eBay stocks have been positively viewed by investors recently because of changes made within the core marketplace of the business over the past few years. The new processes implemented by the e-commerce auction site have been aimed towards improving the buying experience and have positive implications for the long term regarding engagement. Deceleration of the gross merchandise volume is one of the short term effects, and although this has been the case, interest in the stocks are up by 37%. If you’re a fan of eBay stocks, here are 10 similar stocks to consider.
Ticker symbol: ETSY
Etsy is listed on the NASDAQ exchange, and similar to eBay, the online arts and crafts retailer has seen a plunge in stock prices.
It’s been up and down since October taking a dive after weak trading due to concerns over slow growth. Etsy stock has been trading at roughly 50% of its 52-week high. The behaviors are similar to that of eBay stock. Etsy made the acquisition of Reverb which is an e-commerce music gear retailer operating at lower revenue and margins to Etsy. The integration of Reverb has also affected Etsy’s numbers, but unlike eBay, Etsy as a stand-along company, when analyzed apart from Reverb, has not seen a slowing in gross volume merchandise. It is believed that over time Etsy stock will make a rebound.
Ticker symbol: AMZN
Amazon is a NASDAQ exchange stock that has been operating at a 13% dip from its 52 week high. It’s the largest e-commerce marketplace on the planet currently. There have been a lot of changes recently, due to the deceleration of revenue growth and it’s vital that Amazon respond to the situation. In an effort to become more competitive, the online giant has offered new initiatives to boost growth including free one-day shipping. Investors favor Amazon stock because of its likelihood to make a decent rebound in time.
7. Stitch Fix
Ticker symbol: SFIX
Stitch Fix is listed on the NASDAQ exchange. It’s a personal styling service that has also seen a dip of 35% from its 52-week high. This is a clothing and lifestyle company that puts convenience to the fore and it offers a subscription-based service for receiving new clothing to try out for a period of time. Subscribers may purchase the clothing or return it after a trial period. The company went through a robust period of growth, but have slowed in recent weeks due to large investments in their advertising and marketing campaigns. Expenses have caused a dip but it is expected that the stock is going to make a rebound in the short term.
Ticker symbol: CHWY
Chewy is listed on the NYSE and the provider for pet supplies and treats has seen a slump in stocks that is 38% down from its 52-week highs. This is due to the initial overvaluation of growth prospects and a reset period. It is anticipated that Chewy stocks will begin to rise as the company is strong and they’ve completed the process that led to a brief period of disinterest in the stocks. The dip from $35 per share down to $23 brings it to a point that might be attractive to investors who are following stocks that have just encountered a low period with good prospects for a rebound.
Ticker symbol: GRUB
Grubhub is listed on the NYSE and it is an e-commerce business that experienced a period of rapid growth to become a leader in online takeout and delivery services. The GMV is facing competition in the industry, but it is a stock that is expected to continue to rise, making it another stock to consider. Although there haven’t been significant dips in stocks, the outlook is good for a continued rise.
Ticker symbol: AAPL
Apple is another stock that is worth considering. The company experienced an online sales surge of 24% beating the growth rate of Amazon’s 20%, which is fairly remarkable. Their iPhone sales are stable and this is expected to continue being the trend as new versions hit the market on a regular basis. Their high-end electronics are selling well and there is less time in-between offers for an upgrade which is good news for investors.
Ticker symbol: WMT
Walmart is a retailer that does a good amount of foot traffic at its physical locations, but the innovative retail giant has seen a rise in online sales of 40%. There is every indication that Walmart’s share prices are on the rise and that the trend is going to continue as the online sales keep picking up the pace.
2. Home Depot
Ticker symbol: HD
Home Depot is another contender for online retail competition in the marketplace. Although just six percent of HD total sales are digital, there has been significant annual growth in this sector of the company. Almost half of the items sold by HD are ordered online and picked up at the physical store. After seven years HD has seen online sales growth that has escalated from $500 million to a phenomenal $5 billion.
1. Qurate Retail
Ticker symbol: QRTEA, QRTEB
Qurate Retail is not a company that has been widely recognized by retailers but it’s an important figure in the online retail marketplace as well as some brick and mortar brands. It is the parent company fro Zulily, QVC, and HSN. Formerly known as Liberty Interactive, the company has recently rebranded in an effort to turn its focus on providing consumers with a third method of shopping through e-commerce, television-based sales, as well as mobile sales. This is a stock with a high potential for rising in the near future, and especially as investors become familiar with its selling strategies which encompass three out of the four main sectors where sales take place. This is a stock that investors may want to consider for a long-term investment.