Global-e Online: Shares Consolidating Following A Robust Sales Outlook

Summary

  • Consumer stocks have lost their relative strength lately amid an emerging risk-off trading environment.
  • I see shares of Global-e Online as pricey but a compelling growth story remains in tact.
  • I spot two key technical price levels to watch on the charts.

Young woman online shopping using the laptop at home

FG Trade

The Consumer Discretionary sector surged to start 2023 on a relative basis versus the S&P 500. The last 6 weeks have been tougher as uneasiness about the state of the consumer going forward becomes front and center. I see

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Freelance Financial Writer | Investments | Markets | Personal Finance | RetirementI create written content used in various formats including articles, blogs, emails, and social media for financial advisors and investment firms in a cost-efficient way. My passion is putting a narrative to financial data. Working with teams that include senior editors, investment strategists, marketing managers, data analysts, and executives, I contribute ideas to help make content relevant, accessible, and measurable. Having expertise in thematic investing, market events, client education, and compelling investment outlooks, I relate to everyday investors in a pithy way. I enjoy analyzing stock market sectors, ETFs, economic data, and broad market conditions, then producing snackable content for various audiences. Macro drivers of asset classes such as stocks, bonds, commodities, currencies, and crypto excite me. My thing is communicating finance with an educational and creative style. I also believe in producing evidence-based narratives using empirical data to drive home points. Charts are one of the many tools I leverage to tell a story in a simple but engaging way. I focus on SEO and specific style guides when appropriate.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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