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From online retail giants to traditional stores with robust digital sales, these are the best e-commerce stocks to invest in.
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Booking Holdings Inc. (NASDAQ: BKNG) shares gapped down Thursday.
The company reported a first-quarter loss that was narrower than expected. The company posted a loss of $5.26 per share against a Street estimate of $7.26 per share. Revenue of $1.14 billion surpassed the estimate of $1.12 billion. The company s performance was likely hit by travel restrictions due to COVID-19.
Booking Holdings Daily Chart Analysis
The stock looks to have recently broken out of a bullish flag pattern and is looking to consolidate.
The stock is trading below the 50-day moving average (green), and above the 200-day moving average (blue). This indicates the stock is most likely facing a period of consolidation.
What to Expect From These ETF Areas Post-Pandemic? yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
The Globe and Mail GILLIAN LIVINGSTON Published December 10, 2020
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The COVID-19 pandemic threw new challenges at retailers in 2020, with mandated closures of physical stores accelerating the shift to online shopping, creating opportunities for investors in e-commerce exchange-traded funds.
Many e-commerce ETFs have doubled so far this year and, with the retail industry’s crucial holiday shopping season in full swing, investors are wondering if there are more sector gains ahead.
The National Retail Federation in the U.S. is forecasting holiday spending to increase between 3.6 per cent and 5.2 per cent to between US$755.3-billion and US$766.7-billion this year. That compares with an average of 3.5 per cent over the past five years. The numbers include online sales, which are expected to grow between 20 per cent and 30 per cent to between $202.5-billion and $218.4-billion.