U.S. online retail sales rose 14.6% Y/Y in May, says comScore. That sits well with Cantor, which is reiterating a Buy on Amazon (AMZN) and eBay (EBAY). Though May's rate is down from April 16.9%, it's above Q1 13.3%. Mobile activity is providing a lift - comScore estimates mobile made up 48% of time spent on U.S. retail e-commerce activity in Q1 (34% from smartphones, 14% from tablets). Meanwhile, eBay CEO John Donahoe predicts China will give PayPal a license, thus allowing it to take on Alibaba's dominant AliPay service. eBay currently handles $6B/year worth of Chinese transactions, much of it from local merchants selling abroad. Analysys predicts the Chinese online payments market will soon top CNY1T ($163B).
U.S. online retail sales rose 14.6% Y/Y in May, says comScore. That sits well with Cantor, which...
From other sites
Video at CNBC.com (Fri, 4:46PM)
Video at CNBC.com (Fri, 8:52AM)
Video at CNBC.com (Thu, 12:12PM)
Video at CNBC.com (Wed, 6:00PM)
Video at CNBC.com (Wed, 4:50PM)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs