The online market for used goods is not attractive. eBay (EBAY), which fell by 7.3% after posting results, suggests that investors would be better served finding growth elsewhere.
Sea Ltd. (SE), Etsy (ETSY), and Amazon (AMZN) are some of the other e-commerce firms to consider.
eBay posted revenue growth of 3.2% Y/Y, or $2.58 billion. Gross Merchandise Volume of $18.3 billion is up by only 2%.
In the cryptocurrency platform market, Coinbase (COIN) may open down by over 4% this morning. The firm posted Q3 revenue and earnings that did not meet expectations. Lower crypto prices hurt trading volumes on the platform.
In Q4, Coinbase issued subscription and service revenue that is below expectations. Investors are losing patience with this company. Short-sellers may build on their 5.13% short float at these levels.
After a nearly impossible surge, Trump Media (DJT) pulled back by 22.29% yesterday. The stock has enough selling momentum to fall back to the $30 range. If support breaks, shares could fall below $20. The upcoming election results, however, might change that technical picture.
In China’s stock market, be wary of Nio Inc. (NIO) and Zeekr Intelligent Technology (ZK). The wide trading range in those EV stocks will continue in a random pattern. Without any predictable direction, ZK and NIO stock could get cheaper. They are on sale for a reason: China’s EV market faces rising losses as demand falls.