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Today’s Research Reports on Stocks to Watch: Shopify and eBay

NEW YORK, NY / ACCESSWIRE / January 11, 2018 / Shares of e-commerce platform Shopify saw a modest close in the green on Wednesday. Shares of eBay weren't as lucky and closed almost 5% down. There was no significant news for either company but many analysts are expecting eBay to see revenues drop.

RDI Initiates Coverage on:

Shopify Inc.
https://rdinvesting.com/news/?ticker=SHOP

eBay Inc.
https://rdinvesting.com/news/?ticker=EBAY

Shopify Inc. shares closed up a modest 0.24% on Wednesday with about 668,000 shares traded. Trading volume was mediocre compared to the stock's average of a little over 2 million shares. The stock had seen gains of over 130% last year. The shopping platform has been growing exponentially with 500,000 customers as of August 1st ,2017. This is an increase of 50% from September 2016's number. For this year, Shopify has added eBay, Buzzfeed, Kik, linkr, and Wish to its list of sales channels available to merchants increasing the count to 20 sales channels. Last year short seller Citron Research's Andrew Left called Shopify "a company that hides under the shroud of a cloud-based e-commerce solution for Small and Medium sized Business (SMB)." He also said it "is the promoter of the hottest new 'get rich quick' scheme on the internet."

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Access RDI's Shopify Inc. Research Report at:
https://rdinvesting.com/news/?ticker=SHOP

eBay Inc. shares closed down 4.63% on about 17.4 million shares traded yesterday. There was not any significant news to explain the fall but analysts are not looking too bullish towards 2018 for the stock. The consensus outlook for the coming year is that earnings will drop by 74.82%. Last month that the e-commerce company's Senior Vice President of Americas, Scott Cutler, said that eBay was having a tremendous holiday season. He said to Bloomberg reporter Emily Chang, "It's been a tremendous season so far. What we're seeing is a lot of consumers showing up early for the holiday season." According to Cutler, eBay "had a record holiday season so far." For the third quarter, eBay had seen revenue of $2.4 billion which was up 9% YOY, although profits were up just 1% to $514 million.

Access RDI's eBay Inc. Research Report at:
https://rdinvesting.com/news/?ticker=EBAY

Our Actionable Research on Shopify Inc. (NYSE: SHOP) and eBay Inc. (NASDAQ: EBAY) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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SOURCE: RDInvesting.com