Deals aren’t dead. But picking stocks of companies that might get bought, sending shares higher, is hard. A few screens for them are time-tested.
As the coronavirus continues to have an immense impact globally, many states in the U.S. are requiring people to wear face masks or coverings in public to help minimize the spread of the virus. Etsy CEO Josh Silverman discusses how this has impacted the company.
Amazon (NASDAQ: AMZN) has crushed many retailers in recent years, but it repeatedly failed to loosen Etsy's (NASDAQ: ETSY) grip on the handmade goods market. Amazon challenged Etsy with its Handmade marketplace in 2015, but Etsy's first-mover's advantage, easier sign-up process, lower commissions, and relaxed rules regarding mailing lists and promotions held Amazon at bay. Amazon owns a much larger e-commerce platform than Etsy, and its higher-margin AWS (Amazon Web Services) cloud platform subsidizes the growth of its lower-margin marketplaces.
Is (ETSY) Outperforming Other Computer and Technology Stocks This Year?
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Etsy is best known as the Amazon for whimsical homespun goods — tattooed strong lady dolls anyone? More recently, the website has become the go-to destination for handmade face masks. A shortage of disposable masks, after local health authorities recommended that people wear them, spurred frenzied purchases.
ETSY earnings call for the period ending March 31, 2020.
On Mad Money Thursday night, Jim Cramer spoke with Josh Silverman, CEO of Etsy Inc. , the online marketplace with shares up 150% from their March lows. Silverman said in a hard-hit economy, Etsy is providing people with a way to earn income and a place for buyers to find goods they can't get elsewhere. Let's check and see if investors are liking ETSY.
The leading arts-and-crafts marketplace operator is hitting new highs this week, and one Wall Street pro is setting a Street-high price target for the shares.
Q1 2020 Etsy Inc Earnings Call
The number of U.S. fatalities from the coronavirus that causes COVID-19 climbed above 73,000 on Thursday, as President Donald Trump’s administration said it is shelving recommendations from the Centers for Disease Control and Prevention on reopening safely because they were too cautious
If you are looking for a fast-growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider Etsy (ETSY).
Though Amazon may dominate the e-commerce landscape, these smaller players still deserve your attention.
Etsy stock was rattled in March on coronavirus concerns. But with first-quarter earnings for the e-commerce company now providing a clearer, is Etsy stock a buy?
Online retail sales have been gaining traction for some time now which received further boost amid the coronavirus pandemic.
Etsy (NASDAQ: ETSY) did especially well in the first quarter of 2020 by responding early to what was still viewed at the time by most as just a potential threat. The online marketplace for craft goods launched a COVID-19 task force in January and started testing work-from-home capabilities in February.
Americans flock to the online marketplace to buy everything from masks to baked goods
A number of apparel brands are not only supplementing for the shortage of protective gear but also looking for a survival strategy by selling facial masks and other protective gear.
Etsy (NASDAQ: ETSY), the online marketplace for everything made from home-creators, had high top-line growth in the first quarter of 2020, with a 34.7% increase in revenue. Gross merchandise sales (GSM) increased 32.6% year over year. "The COVID-19 pandemic has been a test of our team, our marketplaces, our brand, and the underlying strength of our business," said CEO Josh Silverman.
Etsy (NASDAQ: ETSY), the online marketplace for buying and selling handmade goods, had a pretty terrific Wednesday, with its stock closing the day up 7.5% after reporting strong sales growth even in the midst of a coronavirus pandemic. True, Etsy suffered a steep decline in profits in its first quarter, down 58% year-over-year at just $0.10 per diluted share. The year 2020, says CEO Josh Silverman, gives Etsy a chance to demonstrate its ability to "pivot" its product offerings by bringing more sellers online (active sellers -- up 26%) to meet the demands of all the new buyers who flocked to Etsy this year (active buyers -- up 16%).