This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Rising Tide at eBay

Though this is good news for eBay and Amazon, the impact for IAC is difficult to determine, given its huge range of businesses, including TicketMaster and the Ask.com search engine.

"We might see strong holiday sales from these two names in particular," says Tim Ghriskey, chief investment officer of Solaris Capital Management, who follows the Internet sector, referring to Amazon and eBay. "Internet retailers should continue to gain market share."

Still, Ghriskey, who manages more than $1 billion, says these stocks may face some tax-loss selling in September and October.

IAC shares have been boosted by a better-than-expected second quarter and bullish comments Chairman Barry Diller has made about the struggling HSN business.

eBay, the largest Internet auction site, has gotten positive attention from its advertising partnerships with both Google and Yahoo!. Google's online payment system, which analysts say posses a threat to eBay's PayPal business, also has been hurt by technical glitches that have annoyed some retailers.

At eBay, "People are hoping that the bar has been set low enough that they make their number this quarter," says Mike Binger, who helps manage $1.5 billion for Thrivent Financial, including shares of the largest Internet auction site. "If they do, the stock is probably in the low $30s." eBay rose 53 cents Tuesday to $28.68.

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
AMZN $445.10 14.13%
EBAY $59.20 0.53%
GOOG $565.06 3.30%
YHOO $44.52 1.89%
AAPL $130.28 0.47%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs