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EBAY

eBay

$37.91

0.51 (1.36%)

08:22
07/10/18
07/10
08:22
07/10/18
08:22

Technical Take: eBay falls, analyst action

The shares were last down over 1.7% to $37.25 in pre-market trading. At that price next support is at $35.94. Resistance is at the prior session closing price of $37.91. As previously reported, SunTrust downgraded the stock to Hold and cut its price target from $48 down to $40. The firm cited the SCOTUS ruling on collecting state sales taxes and its potential impact on FY19 and beyond as a reason for the recommendation change.

  • 18

    Jul

EBAY eBay
$37.91

0.51 (1.36%)

07/10/18
RHCO
07/10/18
DOWNGRADE
Target $40
RHCO
Hold
eBay downgraded to Hold at SunTrust on state online tax SCOTUS ruling
As reported earlier, SunTrust analyst Youssef Squali downgraded eBay to Hold from Buy and lowered his price target to $40 from $48, citing the anticipated impact of the recent U.S. Supreme Court decision that forces collection of online sales tax on a state level and reverses the 1992 e-commerce precedent. The analyst notes that while Q2 results will not be impacted by the ruling, the legal tax changes increase the probability of a slowdown in gross merchandise volume in FY19 and beyond, just as this operating metric has started to show some improvement. Squali adds that eBay's more positive developments around Payments, StubHub and buybacks can limit the downside on the stock.
07/10/18
RHCO
07/10/18
DOWNGRADE
RHCO
Hold
eBay downgraded to Hold from Buy at SunTrust
06/21/18
BARD
06/21/18
NO CHANGE
BARD
Baird says buy Amazon, eBay, Shopify on Supreme Court ruling selloff
Baird analyst Colin Sebastian says the Supreme Court ruling in favor of South Dakota over Wayfair (W) does not change his positive sector view on e-commerce. The analyst recommends buying shares of Amazon.com (AMZN), eBay (EBAY) and Shopify on weakness related to today's headlines. While other states are now likely to enact similar sales tax legislation, the financial impact to e-commerce companies is likely to be modest, Sebastian tells investors in a research note titled "Online Sales Tax Ruling a Slight Negative, Headlines More Bark Than Bite." He believes the benefits of convenience and selection are larger drivers of e-commerce share gains compared to low pricing and tax avoidance.
06/21/18
KEYB
06/21/18
NO CHANGE
KEYB
Supreme Court ruling negative for Wayfair, eBay and Etsy, says KeyBanc
After the Supreme Court ruled that states can require online merchants to collect sales taxes, KeyBanc analyst Edward Yruma called the ruling a negative for Wayfair (W), arguing that it may reduce some of the price differential that has helped it gain share from traditional peers. The ruling is also a negative, but to a lesser degree, for eBay (EBAY) and Etsy (ETSY), said Yruma, who views the impact on those two as more related to compliance and implementation. He adds that the news could be a modest positive for retailers of high-ticket and branded products, such as Best Buy (BBY), Home Depot (HD), Lowe's (LOW), La-Z-Boy (LZB), Kirkland's (KIRK), RH (RH) and Williams-Sonoma (WSM).

TODAY'S FREE FLY STORIES

TSLA

Tesla

$292.51

31.48 (12.06%)

14:55
10/23/18
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IBTX

Independent Bank

$57.55

1.08 (1.91%)

14:54
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HXL

Hexcel

14:52
10/23/18
10/23
14:52
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14:52
Upgrade
Hexcel rating change  »

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  • 23

    Oct

CVE

Cenovus Energy

$8.53

-0.085 (-0.99%)

14:50
10/23/18
10/23
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14:50
Options
Afternoon call buyer in Cenovus Energy »

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14:50
10/23/18
10/23
14:50
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14:50
General news
Fed's Kaplan reiterated the FOMC should gradual reduce accommodation »

Fed's Kaplan…

TXN

Texas Instruments

$99.84

0.1 (0.10%)

14:49
10/23/18
10/23
14:49
10/23/18
14:49
Options
Texas Instruments options imply 7.3% move in share price post-earnings, above median historical move »

Pre-earnings options…

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  • 23

    Oct

BIIB

Biogen

$319.27

3.6 (1.14%)

14:47
10/23/18
10/23
14:47
10/23/18
14:47
Recommendations
Biogen analyst commentary  »

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  • 23

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TSLA

Tesla

$292.44

31.41 (12.03%)

14:44
10/23/18
10/23
14:44
10/23/18
14:44
Hot Stocks
Musk says Tesla will cut some interior configuration options for Model S, X »

Tesla CEO Elon Musk…

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  • 24

    Oct

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    Dec

VNQ

Vanguard REIT Index Fund

$77.68

0.64 (0.83%)

14:40
10/23/18
10/23
14:40
10/23/18
14:40
Options
66K Vanguard Real Estate Fund Dec 76 - Jan 72 put spreads trade 71c »

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VEEV

Veeva

$88.99

-2.77 (-3.02%)

14:35
10/23/18
10/23
14:35
10/23/18
14:35
Options
Veeva put volume heavy and directionally bearish »

Bearish flow noted in…

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14:35
10/23/18
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14:35
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14:35
General news
Fed Board minutes showed showed most Banks supported the September 26 rate hike »

Fed Board minutes showed…

TSLA

Tesla

$292.00

30.97 (11.86%)

14:32
10/23/18
10/23
14:32
10/23/18
14:32
Recommendations
Tesla analyst commentary  »

Tesla's moved up…

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  • 13

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TTWO

Take-Two

$118.82

-1.69 (-1.40%)

14:30
10/23/18
10/23
14:30
10/23/18
14:30
Periodicals
'Red Dead Redemption 2' development a difficult experience, Kotaku says »

Take-Two's Rockstar…

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  • 23

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SELB

Selecta Biosciences

$9.25

-4.12 (-30.82%)

, HZNP

Horizon Pharma

$18.49

-0.76 (-3.95%)

14:29
10/23/18
10/23
14:29
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14:29
Recommendations
Selecta Biosciences, Horizon Pharma analyst commentary  »

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SELB

Selecta Biosciences

$9.25

-4.12 (-30.82%)

HZNP

Horizon Pharma

$18.49

-0.76 (-3.95%)

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  • 23

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BCS

Barclays

$8.60

0.11 (1.30%)

14:20
10/23/18
10/23
14:20
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14:20
Options
8-strike put buyers in Barclays Bank ahead of earnings »

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SELB

Selecta Biosciences

$8.93

-4.44 (-33.21%)

14:19
10/23/18
10/23
14:19
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14:19
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Selecta Biosciences analyst commentary  »

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  • 23

    Oct

SLG

SL Green Realty

$92.15

0.36 (0.39%)

14:18
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14:18
Downgrade
SL Green Realty rating change  »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
10/23/18
10/23
14:17
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14:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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CNC

Centene

$133.39

-7.945 (-5.62%)

14:16
10/23/18
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14:16
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14:16
Recommendations
Centene analyst commentary  »

Centene should be bought…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
10/23/18
10/23
14:16
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14:16
Technical Analysis
NYSE market internals summary »

Volume is above average…

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KKR

KKR

$22.65

-1.255 (-5.25%)

14:15
10/23/18
10/23
14:15
10/23/18
14:15
Options
KKR put volume heavy and directionally bearish »

Bearish flow noted in KKR…

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  • 25

    Oct

SBH

Sally Beauty

$17.78

0.28 (1.60%)

14:09
10/23/18
10/23
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14:09
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Sally Beauty unveils Sally Beauty Rewards »

"Sally Beauty …

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ICAD

iCAD

$3.10

-0.02 (-0.64%)

14:06
10/23/18
10/23
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14:06
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iCAD announces new clinical data on the Xoft Electronic Brachytherapy System »

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  • 15

    Nov

AMD

AMD

$24.73

-0.31 (-1.24%)

14:05
10/23/18
10/23
14:05
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14:05
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AMD, Oracle collaborate on EPYC processor-based offering »

At Oracle's (ORCL)…

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  • 24

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  • 06

    Dec

UNH

UnitedHealth

$261.89

-0.26 (-0.10%)

14:05
10/23/18
10/23
14:05
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Options
UnitedHealth call volume above normal and directionally bullish »

Bullish option flow…

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