Stocks were looking for a rebound from yesterday’s sell-off. 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 will 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...
Before you consider buying Stamps.com, you'll want to see this.
Investing legend, Keith Kohl just revealed his #1 stock for 2022...
And it's not Stamps.com.
Jeff Bezos, Peter Thiel, and the Rockefellers are betting a colossal nine figures on this tiny company that trades publicly for $5.
Keith say’s he thinks investors will be able to turn a small $50 stake into $150,000.
Find that to be extraordinary?
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.
Jeff’s no. 1 Pick
Jeff Brown is arguably America’s #1 most accurate technology investor.
In 2015, he singled out Bitcoin before it shot up almost 100x… He also recommended the #1 tech investments of 2016, 2018, 2019, and 2020… And—this year—he’s already picked two of the three top-performing stocks!
Recently, Mr. Brown sat down with Chris Hurt to discuss the state of the stock market… And discuss his new #1 pick.[Full Story…]