Barclays on U.S. Internet e-Commerce Monthly: e-Bay's Best Month on Record; New Industry News
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Rating Summary:
18 Buy, 29 Hold, 1 Sell
Rating Trend:
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Today's Overall Ratings:
Up: 11 | Down: 7 | New: 10
Rating Summary:
18 Buy, 29 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 7 | New: 10
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Barclays on U.S. Internet e-Commerce Monthly: e-Bay's Best Month on Record
Analyst, Anthony DiClemente, said, "July Channel Advisor (CA) Same Store Sales (SSS) data released today indicate robust reacceleration at eBay (Nasdaq: EBAY) with continued strong growth at Amazon (Nasdaq: AMZN). EBAY's July SSS growth of +28.2% Y/Y represents its strongest month in ChannelAdvisor history and almost an 800 bps M/M acceleration from June. AMZN exhibited solid but decelerating growth, as SSS grew 44% Y/Y, down ~590 bps from June SSS growth of 49.9%."
Also, comScore (Nasdaq: SCOR) reported U.S. eCommerce market grew 15% year-over-year (ex-travel) in June. However, traffic data for AMZN showed a deceleration.
DiClemente said he's cautious and conservative with concerns around slowing macro and further deterioration in Europe. Q2 results for AMZN and EBAY were generally in-line, but priceline.com (Nasdaq: PCLN) had unexpectedly low Q3 guidance.
Other news including: 1) Buzz about the beta testing of EBAY's eBay Now, same day delivery service in San Francisco. Customers can order from many large retailers including Target (NYSE: TGT), Best Buy (NYSE: BBY), and Macy's (NYSE: M) and get same day service for $5 fee. Barclays considers this proactive vs. pressure from Amazon. Speaking of which, Amazon has introduced hard copy textbook rentals and launched social gaming development studio.
Analyst, Anthony DiClemente, said, "July Channel Advisor (CA) Same Store Sales (SSS) data released today indicate robust reacceleration at eBay (Nasdaq: EBAY) with continued strong growth at Amazon (Nasdaq: AMZN). EBAY's July SSS growth of +28.2% Y/Y represents its strongest month in ChannelAdvisor history and almost an 800 bps M/M acceleration from June. AMZN exhibited solid but decelerating growth, as SSS grew 44% Y/Y, down ~590 bps from June SSS growth of 49.9%."
Also, comScore (Nasdaq: SCOR) reported U.S. eCommerce market grew 15% year-over-year (ex-travel) in June. However, traffic data for AMZN showed a deceleration.
DiClemente said he's cautious and conservative with concerns around slowing macro and further deterioration in Europe. Q2 results for AMZN and EBAY were generally in-line, but priceline.com (Nasdaq: PCLN) had unexpectedly low Q3 guidance.
Other news including: 1) Buzz about the beta testing of EBAY's eBay Now, same day delivery service in San Francisco. Customers can order from many large retailers including Target (NYSE: TGT), Best Buy (NYSE: BBY), and Macy's (NYSE: M) and get same day service for $5 fee. Barclays considers this proactive vs. pressure from Amazon. Speaking of which, Amazon has introduced hard copy textbook rentals and launched social gaming development studio.
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