We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
The Zacks Analyst Blog Highlights: Chewy, Wayfair, Vipshop, eBay and Amazon.com
Read MoreHide Full Article
For Immediate Release
Chicago, IL – May 1, 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: Chewy, Inc. (CHWY - Free Report) , Wayfair Inc. (W - Free Report) , Vipshop Holdings Ltd. (VIPS - Free Report) , eBay Inc. (EBAY - Free Report) and Amazon.com, Inc. (AMZN - Free Report) .
Here are highlights from Thursday’s Analyst Blog:
5 Stocks to Play the Coronavirus-Led Online Delivery Boom
Globally, online shopping and e-commerce have seen a significant rise in recent years. In fact, convenience in shopping and better discounts have been grabbing the attention of consumers and leading them to shift from traditional to online shopping.
Now, as the coronavirus pandemic has put nations under lockdown, shopping online is not only safe but also convenient. According to the latest Brick Meets Click and Symphony RetailAI Online Grocery Survey, home delivery and store pickup online grocery sales has hit a new 30-day record for April. Sales have hit $5.3 billion, increasing nearly 33% from previous month’s $4 billon.
Coronavirus Ramps Up Digital Shift
With stay-at-home orders in place, e-commerce sales in the United States have increased 49% for daily average online sales in between Mar 12 to Apr 11, compared with daily average online sales from Mar 1 to Mar 11, according to Adobe Analytics.
In fact, there has been significant growth in sales of grocery, alcohol and books. Per Adobe Analytics data, online grocery sales increased 110% between Mar 12 and Apr 11, while online alcohol books sales increased 75% and 100%, respectively.
Additionally, the global online grocery market size is expected to reach $1.1 trillion by 2027. The market is expected to witness a CAGR of 24.8% from 2020 to 2027, per a study conducted by Grand View Research, Inc. The study shows that the rising number of smartphone users and their shift to app-based shopping is going to boost market growth over the forecast period.
Along with that the adoption of Internet of things (IoT) is expected to open new avenues for the online grocery market over the forecast period. IoT will help e-commerce organizations maintain inventory and provide real-time data and help retailers analyze the demand for different products in different regions.
5 Stocks to Watch
With lockdowns likely to prevail, online sales will see significant growth in the next few weeks if not months. Hence we have shortlisted four stocks that are likely to benefit from the boom in online delivery.
Chewy, Inc. provides pet food and treats, pet supplies and pet medications. The company’s expected earnings growth rate for the current year is 27.6% compared with the Zacks Consumer Products - Staples industry’s projected earnings growth of 8.1%. The Zacks Consensus Estimate for the company’s current-year earnings has been revised 17.8% upward over the past 60 days. What’s more, Chewy carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Wayfair Inc. offers selection of furniture, décor, decorative accents, house wares, seasonal decor, and other home goods. The company’s expected earnings growth rate for the current year is 8.8% against the Zacks Internet - Commerce industry’s projected earnings decline of 10.1%. The Zacks Consensus Estimate for the company’s current-year earnings has been revised 6.7% upward over the past 60 days. Wayfair has a Zacks Rank #2.
Vipshop Holdings Ltd. operates as an online discount retailer. The company’s expected earnings growth rate for the current year is 17.9% compared with the Zacks Internet - Delivery Services industry’s projected earnings growth of 9.5%. The Zacks Consensus Estimate for the company’s current-year earnings has been revised 7.8% upward over the past 60 days. Vipshop Holdings has a Zacks Rank #2.
eBay Inc. operates the marketplace and classifieds platforms that connect buyers and sellers worldwide. The company’s expected earnings growth rate for the current year is 7.8% against the Zacks Internet - Commerce industry’s projected earnings decline of 10.1%. The Zacks Consensus Estimate for the company’s current-year earnings has been revised 0.3% upward over the past 60 days. eBay carries a Zacks Rank #3 (Hold).
Amazon.com, Inc. engages in the retail sale of consumer products and subscriptions. The company’s expected earnings growth rate for the current year is 21.8% against the Zacks Internet – Commerce industry’s projected earnings decline of 10.1%. The Zacks Consensus Estimate for the company’s current-year earnings has been revised 2.3% upward over the past 90 days. Amazon.com carries a Zacks Rank #3.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2019, while the S&P 500 gained and impressive +53.6%, five of our strategies returned +65.8%, +97.1%, +118.0%, +175.7% and even +186.7%.
This outperformance has not just been a recent phenomenon. From 2000 – 2019, while the S&P averaged +6.0% per year, our top strategies averaged up to +54.7% per year.
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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
The Zacks Analyst Blog Highlights: Chewy, Wayfair, Vipshop, eBay and Amazon.com
For Immediate Release
Chicago, IL – May 1, 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: Chewy, Inc. (CHWY - Free Report) , Wayfair Inc. (W - Free Report) , Vipshop Holdings Ltd. (VIPS - Free Report) , eBay Inc. (EBAY - Free Report) and Amazon.com, Inc. (AMZN - Free Report) .
Here are highlights from Thursday’s Analyst Blog:
5 Stocks to Play the Coronavirus-Led Online Delivery Boom
Globally, online shopping and e-commerce have seen a significant rise in recent years. In fact, convenience in shopping and better discounts have been grabbing the attention of consumers and leading them to shift from traditional to online shopping.
Now, as the coronavirus pandemic has put nations under lockdown, shopping online is not only safe but also convenient. According to the latest Brick Meets Click and Symphony RetailAI Online Grocery Survey, home delivery and store pickup online grocery sales has hit a new 30-day record for April. Sales have hit $5.3 billion, increasing nearly 33% from previous month’s $4 billon.
Coronavirus Ramps Up Digital Shift
With stay-at-home orders in place, e-commerce sales in the United States have increased 49% for daily average online sales in between Mar 12 to Apr 11, compared with daily average online sales from Mar 1 to Mar 11, according to Adobe Analytics.
In fact, there has been significant growth in sales of grocery, alcohol and books. Per Adobe Analytics data, online grocery sales increased 110% between Mar 12 and Apr 11, while online alcohol books sales increased 75% and 100%, respectively.
Additionally, the global online grocery market size is expected to reach $1.1 trillion by 2027. The market is expected to witness a CAGR of 24.8% from 2020 to 2027, per a study conducted by Grand View Research, Inc. The study shows that the rising number of smartphone users and their shift to app-based shopping is going to boost market growth over the forecast period.
Along with that the adoption of Internet of things (IoT) is expected to open new avenues for the online grocery market over the forecast period. IoT will help e-commerce organizations maintain inventory and provide real-time data and help retailers analyze the demand for different products in different regions.
5 Stocks to Watch
With lockdowns likely to prevail, online sales will see significant growth in the next few weeks if not months. Hence we have shortlisted four stocks that are likely to benefit from the boom in online delivery.
Chewy, Inc. provides pet food and treats, pet supplies and pet medications. The company’s expected earnings growth rate for the current year is 27.6% compared with the Zacks Consumer Products - Staples industry’s projected earnings growth of 8.1%. The Zacks Consensus Estimate for the company’s current-year earnings has been revised 17.8% upward over the past 60 days. What’s more, Chewy carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Wayfair Inc. offers selection of furniture, décor, decorative accents, house wares, seasonal decor, and other home goods. The company’s expected earnings growth rate for the current year is 8.8% against the Zacks Internet - Commerce industry’s projected earnings decline of 10.1%. The Zacks Consensus Estimate for the company’s current-year earnings has been revised 6.7% upward over the past 60 days. Wayfair has a Zacks Rank #2.
Vipshop Holdings Ltd. operates as an online discount retailer. The company’s expected earnings growth rate for the current year is 17.9% compared with the Zacks Internet - Delivery Services industry’s projected earnings growth of 9.5%. The Zacks Consensus Estimate for the company’s current-year earnings has been revised 7.8% upward over the past 60 days. Vipshop Holdings has a Zacks Rank #2.
eBay Inc. operates the marketplace and classifieds platforms that connect buyers and sellers worldwide. The company’s expected earnings growth rate for the current year is 7.8% against the Zacks Internet - Commerce industry’s projected earnings decline of 10.1%. The Zacks Consensus Estimate for the company’s current-year earnings has been revised 0.3% upward over the past 60 days. eBay carries a Zacks Rank #3 (Hold).
Amazon.com, Inc. engages in the retail sale of consumer products and subscriptions. The company’s expected earnings growth rate for the current year is 21.8% against the Zacks Internet – Commerce industry’s projected earnings decline of 10.1%. The Zacks Consensus Estimate for the company’s current-year earnings has been revised 2.3% upward over the past 90 days. Amazon.com carries a Zacks Rank #3.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2019, while the S&P 500 gained and impressive +53.6%, five of our strategies returned +65.8%, +97.1%, +118.0%, +175.7% and even +186.7%.
This outperformance has not just been a recent phenomenon. From 2000 – 2019, while the S&P averaged +6.0% per year, our top strategies averaged up to +54.7% per year.
See their latest picks free >>
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
http://www.zacks.com
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.