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The Zacks Analyst Blog Highlights: Netflix, Wayfair, eBay, Akamai Technologies and Nintendo
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For Immediate Release
Chicago, IL – May 8, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Netflix, Inc. (NFLX - Free Report) , Wayfair, Inc. (W - Free Report) , eBay Inc. (EBAY - Free Report) , Akamai Technologies Inc. (AKAM - Free Report) and Nintendo Co. (NTDOY - Free Report) .
Here are highlights from Thursday’s Analyst Blog:
Digital Services Become New Normal: 5 Winners
On May 6, PayPal said that it expects a strong recovery in payment volumes in the second quarter as online spending has surged due to the coronavirus pandemic. Online retailers and service providers involved in contactless payment and social distancing are getting a boost as people prefer staying at home even though lockdowns have started to ease.
Online Grocery Sales Get a Boost
Online retailers are witnessing a surge in demand, which is boosting digital payments. PayPal on Wednesday said that it added a record 7.4 million new customers in April. Although retail sales plunged 8.7% in March, according to the U.S. Census Bureau, online grocery sales soared. According to a Brick Meets Click and Symphony RetailAI Online Grocery Survey, online grocery sales increased 37% month-over-month to $5.3 billion in April.
Prior to the pandemic, only about 3% or 4% of grocery spending in the United States was made online. One study by the Food Marketing Institute conducted by Nielsen predicts online grocery sales to reach $100 billion and make up as much as 20% of total grocery retail by 2025.
Contactless Services Gain Traction
Contactless services as a safety measure to keep the virus at bay have led to a surge in digital payments. Per a recent survey conducted by Mastercard, 51% of the 1,000 surveyed, tapped a card or phone at the point of sale in March and April 2020. About 50% of them said COVID-19 inspired them to try the technology for the first time.
Video streaming apps, social media and chatting platforms, video conferencing and online delivery apps have also gained traction over the past few weeks. Last month, Netflix, Inc. released its first- quarter subscriber figures, which more than doubled its projections. The streaming giant added 15.8 million subscribers from January through March.
Also, videogame sales in the United States spiked in March to a 12-year high, according to research firm NPD. Sales of gaming hardware, software and accessories in the country soared 35% to $1.6 billion in the month from a year earlier.
Our Choices
Technology is one of the rare sectors benefiting from the coronavirus pandemic, which has made at-home work and play the new normal for billions. Given this scenario, it is prudent to say that the following five stocks are likely to rally in the near future.
Wayfair, Inc. is one of the world's leading online sellers of home goods products, consisting of furniture and home decor. It operates worldwide through Wayfair.com and four other branded websites namely – Joss & Main, AllModern, Birch Lane and Perigold.
The company’s expected earnings growth rate for the current year is 5.2%. The Zacks Consensus Estimate for current-year earnings has improved more than 100% over the past 30 days. Wayfair sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Netflix is considered a pioneer in the streaming space. It has a wide-ranging content portfolio and fortified international footprint.
The company’s expected earnings growth rate for the current year is 55.9%. The Zacks Consensus Estimate for current-year earnings has improved 7.7% over the past 30 days. Netflix has a Zacks Rank #2 (Buy).
eBay Inc. operates as an online shopping site that allows visitors to browse through available products listed for sale or auction through each company's online storefront.
The company’s expected earnings growth rate for the current year is 9.5%. The Zacks Consensus Estimate for current-year earnings has improved 2.6% over the past 30 days. eBay has a Zacks Rank #2.
Akamai Technologies Inc. is a global provider of content delivery network and cloud infrastructure services. The company’s solutions accelerate and improve the delivery of content over the Internet, enabling faster response to requests for web pages, streaming of video and audio, business applications.
The company’s expected earnings growth rate for the current year is 10%. The Zacks Consensus Estimate for current-year earnings has improved 1.2% over the past 30 days. Akamai has a Zacks Rank #2.
Nintendo Co. is a worldwide leader in the creation of interactive entertainment. It manufactures and markets hardware and software for its popular home video game systems, including Nintendo 64 and Game Boy.
The company’s expected earnings growth rate for the current year is 12.2%. The Zacks Consensus Estimate for current-year earnings has improved 6% over the past 60 days. Nintendo carries a Zacks Rank #2.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performancefor information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights: Netflix, Wayfair, eBay, Akamai Technologies and Nintendo
For Immediate Release
Chicago, IL – May 8, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Netflix, Inc. (NFLX - Free Report) , Wayfair, Inc. (W - Free Report) , eBay Inc. (EBAY - Free Report) , Akamai Technologies Inc. (AKAM - Free Report) and Nintendo Co. (NTDOY - Free Report) .
Here are highlights from Thursday’s Analyst Blog:
Digital Services Become New Normal: 5 Winners
On May 6, PayPal said that it expects a strong recovery in payment volumes in the second quarter as online spending has surged due to the coronavirus pandemic. Online retailers and service providers involved in contactless payment and social distancing are getting a boost as people prefer staying at home even though lockdowns have started to ease.
Online Grocery Sales Get a Boost
Online retailers are witnessing a surge in demand, which is boosting digital payments. PayPal on Wednesday said that it added a record 7.4 million new customers in April. Although retail sales plunged 8.7% in March, according to the U.S. Census Bureau, online grocery sales soared. According to a Brick Meets Click and Symphony RetailAI Online Grocery Survey, online grocery sales increased 37% month-over-month to $5.3 billion in April.
Prior to the pandemic, only about 3% or 4% of grocery spending in the United States was made online. One study by the Food Marketing Institute conducted by Nielsen predicts online grocery sales to reach $100 billion and make up as much as 20% of total grocery retail by 2025.
Contactless Services Gain Traction
Contactless services as a safety measure to keep the virus at bay have led to a surge in digital payments. Per a recent survey conducted by Mastercard, 51% of the 1,000 surveyed, tapped a card or phone at the point of sale in March and April 2020. About 50% of them said COVID-19 inspired them to try the technology for the first time.
Video streaming apps, social media and chatting platforms, video conferencing and online delivery apps have also gained traction over the past few weeks. Last month, Netflix, Inc. released its first- quarter subscriber figures, which more than doubled its projections. The streaming giant added 15.8 million subscribers from January through March.
Also, videogame sales in the United States spiked in March to a 12-year high, according to research firm NPD. Sales of gaming hardware, software and accessories in the country soared 35% to $1.6 billion in the month from a year earlier.
Our Choices
Technology is one of the rare sectors benefiting from the coronavirus pandemic, which has made at-home work and play the new normal for billions. Given this scenario, it is prudent to say that the following five stocks are likely to rally in the near future.
Wayfair, Inc. is one of the world's leading online sellers of home goods products, consisting of furniture and home decor. It operates worldwide through Wayfair.com and four other branded websites namely – Joss & Main, AllModern, Birch Lane and Perigold.
The company’s expected earnings growth rate for the current year is 5.2%. The Zacks Consensus Estimate for current-year earnings has improved more than 100% over the past 30 days. Wayfair sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Netflix is considered a pioneer in the streaming space. It has a wide-ranging content portfolio and fortified international footprint.
The company’s expected earnings growth rate for the current year is 55.9%. The Zacks Consensus Estimate for current-year earnings has improved 7.7% over the past 30 days. Netflix has a Zacks Rank #2 (Buy).
eBay Inc. operates as an online shopping site that allows visitors to browse through available products listed for sale or auction through each company's online storefront.
The company’s expected earnings growth rate for the current year is 9.5%. The Zacks Consensus Estimate for current-year earnings has improved 2.6% over the past 30 days. eBay has a Zacks Rank #2.
Akamai Technologies Inc. is a global provider of content delivery network and cloud infrastructure services. The company’s solutions accelerate and improve the delivery of content over the Internet, enabling faster response to requests for web pages, streaming of video and audio, business applications.
The company’s expected earnings growth rate for the current year is 10%. The Zacks Consensus Estimate for current-year earnings has improved 1.2% over the past 30 days. Akamai has a Zacks Rank #2.
Nintendo Co. is a worldwide leader in the creation of interactive entertainment. It manufactures and markets hardware and software for its popular home video game systems, including Nintendo 64 and Game Boy.
The company’s expected earnings growth rate for the current year is 12.2%. The Zacks Consensus Estimate for current-year earnings has improved 6% over the past 60 days. Nintendo carries a Zacks Rank #2.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performancefor information about the performance numbers displayed in this press release.