Pre-Open Stock Movers: eBay (EBAY) Dips 7.3% After Posting Results; Sea Ltd. (SE), Etsy (ETSY) Among Firms to Consider

The online market for used goods is not attractive. eBay (EBAY), which fell by 7.3% after posting results, suggests that investors would be better served finding growth elsewhere.

Investors should look elsewhere for growth after eBay (NASDAQ:EBAY) fell 7.3% premarket on posting results that missed expectations.

Investors would be better served finding growth elsewhere, especially after a banner 2022 for the sector.

Here's what to watch in markets Friday.

EBay posted revenue growth of 3.2% year-over-year, or $2.58 billion, and Gross Merchandise Volume of $18.3 billion, up by only 2%. The company also posted adjusted earnings per share of $1.05, a decrease from the prior quarter’s $1.14.

Among other e-commerce stocks to watch, Sea Ltd. (NYSE:SE) stock may continue to rise after posting strong results. Investors are also watching Etsy (NASDAQ:ETSY) and Amazon (NASDAQ:AMZN) after both companies posted results.

Coinbase (NASDAQ:COIN) may open down by over 4% this morning after the cryptocurrency platform posted Q3 revenue and earnings that missed expectations. Lower cryptocurrency prices hurt trading volumes on the Coinbase platform.

Coinbase also issued weaker-than-expected guidance for subscription and service revenue in Q4. Investors are running out of patience with Coinbase, especially value investors.

At these levels, short-sellers may build on their 5.13% short float. Coinbase stock has lost nearly 80% of its value in the past year.

After a nearly impossible surge, Trump Media (NASDAQ:DJT) pulled back by 22.29% yesterday. The stock now has enough selling momentum to fall back to the $30 range. If support breaks, shares could fall below $20.

The upcoming election results, however, might change that technical picture.

In China’s stock market, be wary of Nio Inc. (NYSE:NIO) and Zeekr Intelligent Technology (NYSE:ZK). The wide trading range in those EV stocks will continue in a random pattern.

Without any predictable direction, ZK and NIO stock could get cheaper. They are on sale for a reason: China’s EV market faces rising losses as demand falls.

The above is the detailed content of Pre-Open Stock Movers: eBay (EBAY) Dips 7.3% After Posting Results; Sea Ltd. (SE), Etsy (ETSY) Among Firms to Consider. For more information, please follow other related articles on the PHP Chinese website!