ETSY Inc
Etsy shares pop as company beats on top and bottom lines
Josh Silverman, CEO of Etsy Adam Jeffery | CNBC Etsy shares jumped more than 8% in after-hours trading on Wednesday after the company’s second quarter earnings beat on top and bottom lines. Here’s how the company did: Earnings per share: $0.51 vs. $0.31 estimated, according to Refinitiv Revenue: $585 million vs. $556 million estimated, according […]
Read More
Small caps are starting to work — Here are a few buys from a top strategist in the group
Small caps are starting to outperform their large cap peers, and one top strategist has some stock picks for investors to play the trend. Jefferies’ strategist Steven DeSanctis believes small cap stocks have further to rally. After coming off their worst first half since 1973, small caps are due for a comeback, especially as early […]
Read More
Shopify misses estimates and issues gloomy guidance
In this photo illustration the logo of Canadian e-commerce company Shopify Inc. is displayed on a smartphone. Thomas Trutschel | Getty Images Shopify on Wednesday reported weaker-than-expected results for the second quarter, and warned that inflation and rising interest rates would weigh on the business in the second half of the year. Here’s how the […]
Read More
Stocks making the biggest moves midday: Coinbase, Spirit Airlines, Robinhood and more
Check out the companies making headlines in midday trading. Spirit Airlines — The budget airline’s shares fell more than 7% amid news that advisory firm Institutional Shareholder Services told Spirit shareholders to vote for the proposed merger with Frontier Airlines. It comes after Frontier Airlines upped the cash portion of its offer by $2 a […]
Read More
Hold off on buying stocks until the market slows down, Jim Cramer cautions
CNBC’s Jim Cramer on Thursday warned investors to wait for the market to stabilize before doing some buying. “You don’t fight the Fed and you don’t fight the tape, which is heavily influenced of course by the Fed. This tape says everything is vulnerable, again something that’s highly unusual because there should be a bunch […]
Read More
Etsy can go up 54% from here as the online marketplace becomes a “top-of-mind” destination, JMP says
Investors should consider buying into Etsy , as the stock could see big gains going forward, according to JMP Securities. Analyst Nicholas Jones initiated coverage of Etsy with a market outperform rating, saying in a Wednesday note that the e-commerce company is attracting more repeat buyers during the pandemic. “ETSY’s platform has been one of […]
Read More
Stocks making the biggest moves midday: Shopify, Etsy, Twitter and more
Elon Musk twitter account is seen through Twitter logo in this illustration taken, April 25, 2022. Dado Ruvic | Reuters Check out the companies making headlines in midday trading Thursday: EPAM Systems — Shares jumped 10% after the computer software company posted better-than-expected results for the previous quarter. EPAM reported $2.49 earnings per share on […]
Read More
Tech selloff puts Nasdaq on pace for worst day since June 2020
Amazon CEO Andy Jassy speaks during the GeekWire Summit in Seattle on Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Cloud companies, e-retailers and household tech names got hammered on Thursday, wiping out hundreds of billions of dollars in market value and pushing the Nasdaq Composite toward its worst one-day plunge since June […]
Read More
E-commerce stocks plummet as consumers pull back online spending
The Etsy website Gabby Jones | Bloomberg | Getty Images Shoppers are eager to head back to brick-and-mortar stores, while inflation is stoking fears that consumers are pulling back their spending on some items to still afford the essentials. That combination spells bad news for many e-commerce focused retailers, and their stocks tumbled amid a […]
Read More
Shopify stock down 13% after earnings miss, $2.1 billion acquisition of logistics start-up
An employee works at Shopify’s headquarters in Ottawa, Ontario, Canada. Chris Wattie | Reuters Shares of Shopify plunged more than 13% in premarket trading on Thursday after the company reported first-quarter results that missed analysts’ estimates, and said it will acquire logistics start-up Deliverr for $2.1 billion in cash and stock. Shopify posted adjusted earnings […]
Read More