Stocks were looking for a rebound from yesterday’s sell-off this morning in early trading. Moving into today’s session the Dow is down 1.1% for the week, the S&P 500 is off by 0.7% and the Nasdaq has shed 0.5%. Only time will tell where we finish the week.
E-commerce thrived last year amid lockdowns and social distancing restrictions and continues to thrive as many are maintaining remote agangements. In the first quarter ended March 31st, e-commerce sales in the United States increased 39% year over year to $196.66 billion. Online sales accounted for 19.5% of total retail sales in the first quarter, which is an increase of 360 basis points from the same period last year.
E-commerce is likely to be a continued habit for many. Statista projects e-commerce sales in the U.S. will steadily climb to $563.4 billion by 2025. Our trade alert for today’ highlights a company that stands to benefit greatly from rising e-commerce sales.
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Stamps.com (STMP), a leading provider of online mailing and shipping solutions with a mission of helping businesses fulfill hassle-free shipping and seamless deliveries.
In April Stamps.com subsidiary GlobalPost debuted its HS code lookup tool which has helped facilitate smooth deliveries and avoid delays and unnecessary fees and taxes. The new addition is attracting more customers by improving delivery experiences.
The consensus expects a 13.1% increase in revenue from last year to boost STMP’s 2021 revenue to $887.36 million. Analysts expect the company’s EPS to increase by 17.3% year-over-year. Stamps.com has surpassed analyst estimates in each of the trailing four quarters.
The current consensus among analysts polled is to Buy STMP stock. The 12-month median price forecast of $340 represents an increase of 71.72%.
Where to invest $1,000 right now...
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And it's not Stamps.com.
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But you have to act now, because a catalyst coming in a few weeks is set to take this company mainstream... And by then, it could be too late.
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Jeff Bezos Just Poured $10 Billion Into This…
Not many people know this story… But in 1998, Bezos invested $250,000 of his own money in Google, when the company was just getting started out of a garage in California. When Google went public in 2004, that $250,000 investment translated into 3.3 million shares of Google stock. Nobody knows if Bezos has sold any shares. If he hasn’t, today they’re worth more than $5.6 billion.Jeff Bezos is betting big on a new trend. This time he’s planning to invest $10 billion of his own money in this exciting new trend. That’s 40,000 times more money than what he invested in Google. That’s how big he thinks this could be. [Full Story…]