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May e-Commerce Trends Look Good (GOOG) (AMZN) (EBAY) (EXPE)

June 17, 2013 3:56 PM EDT Send to a Friend
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The latest e-commerce data from comScore published today shows healthy growth in May, noted a report by analyst Youssef Squali of Cantor Fitzgerald. In his view, this re-confirms the trend witnessed in April and outpaces 1Q levels.

"Online retail sales (ex. travel) tracking well for 2Q, with May up 14.6% Y/Y. While this is a slight slowdown from 16.9% Y/Y in April, the pace of growth in May is still the third highest for the year and well above the 12.0% and 12.9% recorded in February and March, respectively. QTD, online retail sales are up 15.8% vs. 13.3% in 1Q," said Squali.

"If sustained into June, this performance would bode well for 2Q results for most names in our coverage universe including (Nasdaq: GOOG), Amazon.com (Nasdaq: AMZN), eBay (Nasdaq: EBAY) and Expedia (Nasdaq: EXPE)," added the analyst.

Cantor Fitzgerald has a Buy rating on Google, Amazon.com, eBay, and Expedia.

For an analyst ratings summary and ratings history on Google (NASDAQ: GOOG) click here. For more ratings news on Google click here.

Shares of Google closed at $875.04 yesterday.




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