These stocks have continued to perform well and perhaps better than they should have but there is mass uncertainty of if they will continue to stabilise or if they will drop back down to below pre-pandemic levels.
eBay offers users a platform to sell anything and everything from an easy to use app or accessible website. It takes just minutes to list any unwanted household items and with that the surge began during the pandemic as people finally had the time to sell and also needed to free up any cash as quickly as they possibly could.
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Leading into the pandemic the eBay stock was around the $40 level but has risen to $80 in recent all time highs. They just released Q3 earnings which beat their EPS by 1.89% but premarket stats currently show it priced at $73.40 which is a -5.49% loss. The concerns are the released projections for future quarters are lower than ever as eBay braces themselves for consumers to buy more items from the reopened high streets and sellers to run more traditional garage sales or sell on peer 2 peer platforms where collection is now advised, such as Facebook marketplace or craigslist.
Pinterest is another company we need to look at. With everyone locked in their houses bored and with little money to spend they looked for hobbies, creative ideas and easy ways to improve their houses for little cost which is exactly what Pinterest.Com offers.
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PINS stock hovered around $25 per share before the pandemic and hit over $80 but with people heading back into the wide world and spending way less time on their site and app. What really hit PINS hard was the rumours of PayPal Acquiring them which saw the stock jump 15% but once those rumours were squashed it has been free falling to where it is as of today October 28th, 2021 at just $45.36.
Predictions are to see this stock crash back below $40 and settle in the $35 area for the foreseeable future. You may be able to scalp some bounces up from resistance levels of $45 and $40 if you are looking for good buy opportunities.
Last on our list in SHOP aka Shopify which has seen a constant rise from $500 pre pandemic rates all the way up to over $1600 per share which saw the value of the company grow by over 300%. Users wanted to set up more businesses and those already with active stores wanted to promote them more which led to more sales from the bored at home consumers who just wanted to spend their money on something that made them smile.
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The stock has faced some ups and downs recently and currently trading at $1361.12 per share it’s one which can really go either way. Shopify does one thing incredibly well and that's the marketing which does continue to drive users to spend time creating stores on their platform. Good pricing, add on tools and promotions keep driving the user experience and demand higher and higher. For us this could be a stock which doesn’t fall like the others but only time will tell.
