We recently published 10 Stocks Jim Cramer Talked About As He Warned About “Have-Not” Stocks. eBay Inc. (NASDAQ:EBAY) is one of the stocks Jim Cramer recently discussed.
eBay Inc. is an eCommerce retailer whose shares have gained 47% year-to-date. Most of these gains are due to an 18.3% jump in July after the firm’s second-quarter earnings report. The results saw eBay Inc. beat analyst second-quarter revenue and EPS estimates of $2.64 billion and $1.30 by posting $2.73 billion and $1.30, respectively. The firm’s third quarter revenue guidance of $2.69 billion and $2.74 billion also overshot analyst estimates of $2.66 billion. Here’s what Cramer believes about eBay Inc.’s strong performance:
“Now one David, that I know that you will remember from the old days that really is putting on a good show, would be eBay. They’ve got their mojo back. It’s up 15%, they had very good numbers, and I salute them. They hung in and now their model is working. They’ve got the algos working so to speak. And a lot of people upgraded it. That’s to me, better focus, better focus.”
Copyright: rawpixel / 123RF Stock Photo
Earlier, Cramer discussed eBay Inc.’s marketplace and shifting sentiment:
“There’s no real theme to the other stocks on the list… eBay’s a real shocker. It’s come a long way to get back on this list. Now, I’ve watched this stock get carved up for ages, but now it looks like eBay has stopped being a whipping boy, and people are feeling comfortable buying merchandise second-hand. Has a partnership with Facebook’s Marketplace, which has spurred real growth for the company. I like that, by the way, that marketplace section.”
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
This article is originally published at Insider Monkey.
