eBay Inc., together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company's marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps. Its platforms enable users to list, sell, and buy various products. The company was founded in 1995 and is headquartered in San Jose, California.

eBay Inc.

Key Points
The total size of the stablecoin industry ($250 billion) still pales in comparison to Visa's market cap ($700 billion).
As a result of their size and global reach, Tether and USDC have the greatest potential to disrupt Visa.
PayPal's new stablecoin could play an important role in driving transaction growth at consumer-facing businesses.
Stablecoins have exploded onto the crypto scene, and are now a $250 billion industry with strong political backing at the highest levels. New stablecoin legislation, recently signed into law, ensures that stablecoins aren't going away anytime soon. In fact, Treasury Secretary Scott Bessent thinks they could be worth as much as $2 trillion within the next few years.
Despite all the buzz surrounding stablecoins, many payment providers -- including Visa (NYSE: V) -- say they are not worried. For now, stablecoins pose no direct risk. But what about in a few years? Here are three stablecoins to watch.
Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue »
USDC and Tether
The two stablecoins with the greatest potential to disrupt Visa are USDC (CRYPTO: USDC) and Tether (CRYPTO: USDT). As new stablecoin research from The Motley Fool points out, these two stablecoins are truly dominant. Together, they account for 90% of the value of the $250 billion stablecoin market.
Granted, if you are only comparing market caps, it's easy to miss the big picture. After all, Visa has a hefty market cap of nearly $700 billion. That's more than four times the market cap of stablecoin leader Tether, which has a market cap of $158.9 billion. And Visa is more than 10 times the size of USDC, which has a comparatively tiny market cap of $62.6 billion.
But what if we look at the transaction volume of stablecoins instead? According to new research from Messari, stablecoins have already surpassed Visa in terms of overall transaction volume. Tether is particularly strong in Africa and Asia, while USDC leads the way in the U.S. and Europe.
PayPal USD
The third stablecoin to watch is from PayPal (NASDAQ: PYPL), and it's called PayPal USD (CRYPTO: PYUSD). It launched back in August 2023 and currently has a market cap of $883.7 million. According to Motley Fool stablecoin research, it now ranks as the seventh most popular stablecoin in the world.
That's where things get interesting, because PayPal has the sort of name brand recognition and consumer clout to make a real difference in the world of payments. It's easy to see how PayPal could decide to push PayPal USD as a form of payment on sites like eBay before rolling it out to a much larger audience.
And, indeed, if you check your PayPal app, there's now a section called "PYUSD Rewards" within the "Crypto" tab. Right now, you can earn 4% by buying and holding PYUSD with PayPal. This seems like a very clever way to onboard new stablecoin users -- entice them with the 4% yield, then encourage them to spend those PayPal stablecoins at partner sites.
Visa vs. stablecoins
So why isn't Visa worried? First of all, Visa says that stablecoins are really nothing new. According to the head of crypto at Visa, they are "just another way to represent an existing currency." Technically that's true, since stablecoins are really just "digital dollars," and dollars have been around for nearly 250 years.
Second, the number of use cases for stablecoins is still rather limited. Mostly, says Visa, they are used for high-value cross-border payments. This is what is likely inflating the value of stablecoin transactions in the Messari crypto report.
Third, stablecoins are mostly popular in emerging markets, where crypto investors view them as a potential hedge against hyperinflation. In places like Latin America, it's arguably better to own a dollar-linked stablecoin than your own nation's currency.
Finally, in the United States, it's not like you're going to go to your favorite supermarket and pay for anything with stablecoins. The technology is just too new, and it's not ready for retail yet. Conceptually, it sounds fantastic. However, replacing one payment system with another is not something you do over the weekend.
What happens next for stablecoins?
That being said, Visa is hardly ignoring stablecoins. The company has already worked to integrate stablecoins into its payment and settlement network. And it has plenty of interesting stablecoin projects on tap, including a new one that just launched in Central and Eastern Europe, the Middle East, and Africa's emerging markets.
Of the three stablecoins mentioned above, the one that has the most potential to disrupt Visa is likely USDC. While Tether is much bigger than USDC, it's easier to find a merchant within the U.S. that will accept USDC. Moreover, USDC has lined up some powerful partners within the U.S., including Coinbase Global (NASDAQ: COIN).
While many people think of Coinbase as just a cryptocurrency exchange, the company actually has a growing number of initiatives that involve its proprietary blockchain (Base). One of these is Coinbase Payments, which rolled out in June. This back-end stablecoin integration from Coinbase is what enabled Shopify to start offering stablecoin payment options this summer.
And don't forget about the retailers that are planning stablecoin launches of their own. The Wall Street Journal recently reported that both Amazon and Walmart were planning stablecoin launches. The goal, most likely, is to avoid credit card processing fees by accepting stablecoin payments instead.
So keep your eyes on the stablecoin industry. There are a lot of interesting developments going on, and the size of the industry is certain to grow by leaps and bounds in the coming years. Finding the right stablecoin investment opportunity now could pay off big later.
Should you invest $1,000 in USDC right now?
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Dominic Basulto has positions in Amazon and USDC. The Motley Fool has positions in and recommends Amazon, PayPal, Shopify, Visa, Walmart, and eBay. The Motley Fool recommends Coinbase Global and recommends the following options: long January 2027 $42.50 calls on PayPal and short September 2025 $77.50 calls on PayPal. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Visa Isn't Worried About Stablecoins. 3 Stablecoins to Watch as Companies Explore This Powerful Growth Catalyst.

The S&P 500 Index ($SPX) (SPY) Thursday closed down -0.37%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.74%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.55%. September E-mini S&P futures (ESU25) fell -0.43%, and September E-mini Nasdaq futures (NQU25) fell -0.60%.
Stock indexes gave up an early advance on Thursday and settled lower, with the Dow Jones Industrials falling to a 2-week low. ARM Holdings Plc plunged more than -13% to weigh on chip stocks after the company forecast Q2 adjusted EPS below the consensus. Also, pharmaceutical companies retreated Thursday to weigh on the overall market after President Trump sent letters to 17 drug makers, demanding they slash drug prices.
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Stocks on Thursday initially moved higher, with the S&P 500 and Nasdaq 100 posting new record highs. Stellar earnings results from Microsoft and Meta Platforms lifted the broader market early Thursday after they boosted their capital spending plans and pledged to continue investing in artificial intelligence.
Thursday's economic news was mixed for stocks as reports showed a resilient labor market, although consumer spending was weaker than expected and price pressures and labor costs remained sticky.
US weekly initial unemployment claims rose +1,000 to 218,000, showing a stronger labor market than expectations of 224,000.
US Jun personal spending rose +0.3% m/m, weaker than expectations of +0.4% m/m. Jun personal income rose +0.3% m/m, stronger than expectations of +0.2% m/m.
The US Jun core PCE price index, the Fed's preferred inflation gauge, rose +2.8% y/y, stronger than expectations of +2.7% y/y.
The US Q2 employment cost index rose +0.9%, stronger than expectations of +0.8%.
The US Jul MNI Chicago PMI rose +6.7 to a four-month high 47.1, stronger than expectations of 42.0.
In the latest tariff news, President Trump said Thursday that he will impose a tariff rate of 15% on imports from South Korea and that a deal with Taiwan was also being drafted as the two countries reached "a certain degree of consensus." In addition, trade deals are in the offing for Thailand and Cambodia after they agreed to a ceasefire. Finally, President Trump extended Mexico's current tariff rates for 90 days to allow more time for trade negotiations.
The markets this week will focus on any news of new trade deals before Friday's deadline. On Friday, Jul nonfarm payrolls are expected to increase by +109,000, and the Jul unemployment rate is expected to rise by +0.1 to 4.2%. Also, Jul average hourly earnings are expected +0.3% m/m and +3.8% y/y. In addition, the Jul ISM manufacturing index is expected to increase by +0.2 to 49.5. Finally, the University of Michigan Jul consumer sentiment index is expected to be unrevised at 61.8.
The markets are awaiting President Trump's August 1 deadline for trade deals to avoid high tariffs. On July 16, Mr. Trump announced that he intends to send a tariff letter to more than 150 countries, notifying them that their tariff rates could be 10% or 15%, effective August 1. As an update, Mr. Trump last Wednesday said, "We'll have a straight, simple tariff of anywhere between 15% and 50%," an indication that the floor for tariffs is rising and suggesting that he would not go below 15%.
Federal funds futures prices are discounting the chances for a -25 bp rate cut at 42% at the September 16-17 FOMC meeting and 36% at the following meeting on October 28-29.
This week kicks off the earnings season's busiest week, with 38% of the stocks in the S&P 500 reporting quarterly earnings, double the amount reported last week. The earnings results of Magnificent Seven members will be front and center, with Apple and Amazon.com reporting after today's closing. Early results show that S&P 500 earnings are on track to rise +4.5% for the second quarter, better than the pre-season expectations of +2.8% y/y, according to Bloomberg Intelligence. With over 55% of S&P 500 firms having reported, around 82% exceeded profit estimates.
Overseas stock markets on Thursday settled mixed. The Euro Stoxx 50 fell from a 2.5-week high and closed down -1.36%. China's Shanghai Composite slid to a 1-week low and closed down -1.18%. Japan's Nikkei Stock 225 closed up +1.02%.
Interest Rates
September 10-year T-notes (ZNU25) Thursday closed up +2 ticks. The 10-year T-note yield fell -0.6 bp to 4.365%. T-notes posted modest gains on Thursday due to some positive carryover from a rally in 10-year UK gilts to a 3.5-week high. Also, falling inflation expectations were supportive for T-notes after the 10-year breakeven inflation rate fell to a 1-week low Thursday of 2.381%. In addition, month-end buying of longer-term government debt securities by bond fund managers to extend duration and balance their bond portfolios was supportive for T-notes.
T-notes fell back from their best levels after weekly jobless claims rose less than expected, and the Q2 employment cost index and the Jun core PCE price index, the Fed's preferred inflation gauge, rose more than expected, hawkish factors for Fed policy. In addition, T-notes have some negative carryover from Wednesday when Fed Chair Powell dampened speculation of a Fed rate cut in September when he said that with inflation risks from tariffs, the current modestly restrictive policy stance is appropriate.
European government bond yields today are moving lower. The 10-year German bund yield is down -1.0 bp to 2.695%. The 10-year UK gilt yield fell to a 3.5-week low of 4.557% and is down -3.5 bp to 4.567%.
The Eurozone Jun employment rate remained unchanged at a record low of 6.2%, showing a stronger labor market than expectations of a +0.1 point increase to 6.3%.
The German Jul unemployment change rose by +2,000, showing a stronger labor market than expectations of +15,000.
German Jul CPI (EU harmonized) eased to +1.8% y/y from +2.0% y/y in Jun, weaker than expectations of +1.9% y/y and the slowest pace of increase in 10 months.
Swaps are discounting the chances at 10% for a -25 bp rate cut by the ECB at the September 11 policy meeting.
US Stock Movers
ARM Holdings Plc (ARM) closed down more than -13% to lead losers in the Nasdaq 100 and lead chip stocks lower after forecasting Q2 adjusted EPS of 29 cents-37 cents, the midpoint below the consensus of 35 cents. Also, GlobalFoundries (GFS) closed down more than -5%, and KLA Corp (KLAC), Applied Materials (AMAT), Micron Technology (MU), and Texas Instruments (TXN) closed down more than -4%. In addition, Microchip Technology (MCHP), ASML Holding NV (ASML), and NXP Semiconductors NV (NXPI) closed down more than -3%.
Pharmaceutical companies retreated Thursday to weigh on the overall market after President Trump sent letters to 17 drug makers, demanding they slash drug prices. As a result, Bristol-Myers Squibb (BMY) closed down more than -5% and Merck & Co (MRK) closed down more than -4%. Also, Eli Lilly (LLY) closed down more than -3%, and Pfizer (PFE), Amgen (AMGN), Gilead Sciences (GILD), and Vertex Pharmaceuticals (VRTX) closed down more than -2%.
Align Technology (ALGN) closed down more than -36% to lead losers in the S&P 500 after reporting Q2 net revenue of $1.01 billion, weaker than the consensus of $1.06 billion, and forecasting Q3 net revenue of $965 million-$985 million, well below the consensus of $1.04 billion.
Baxter International (BAX) closed down more than -22% after reporting Q2 sales from continuing operations of $2.81 billion, below the consensus of $2.82 billion, and cut its full-year adjusted EPS forecast to $2.42-$2.52 from a previous forecast of $2.47-$2.55.
International Paper (IP) closed down more than -12% after reporting Q2 adjusted operating EPS of 20 cents, well below the consensus of 40 cents.
Qualcomm (QCOM) closed down more than -7% after reporting Q3 handset revenue of $6.33 billion, below the consensus of $6.48 billion.
UnitedHealth Group (UNH) closed down more than -6% to lead losers in the Dow Jones Industrials after Baird downgraded the stock to underperform from neutral with a price target of $198.
Lam Research (LRCX) closed down more than -4% after the company said it expects Q1 revenue to ease from current-quarter levels, with Chinese customers potentially scaling back after a spending spree.
Meta Platforms (META) closed up more than +11% to lead gainers in the Nasdaq 100 after reporting Q2 revenue of $47.53 billion, well above the consensus of $44.83 billion and raised its capital expenditure estimate to $66 billion-$72 billion from a previous estimate of $64 billion-$72 billion, the midpoint above the consensus of $67.79 billion.
EBay (EBAY) closed up more than +18% to lead gainers in the S&P 500 after reporting Q2 net revenue of $2.73 billion, better than the consensus of $2.64 billion, and forecasting Q3 net revenue of $2.69 billion-$2.74 billion, stronger than the consensus of $2.65 billion.
CH Robinson Worldwide (CHRW) closed up more than +18% after reporting Q2 adjusted EPS of $1.29, stronger than the consensus of $1.16, and after Baird upgraded the stock to outperform from neutral with a price target of $135.
Carvana (CVNA) closed up more than +17% after reporting Q2 revenue of $4,84 billion, well above the consensus of $4.57 billion.
Western Digital (WDC) closed up more than +10% after reporting Q4 adjusted EPS of $1.66, above the consensus of $1.48, and forecast Q1 adjusted EPS of $1.39-$1.69, the midpoint above the consensus of $1.42.
Norwegian Cruise Line Holdings (NCLH) closed up more than +9% after reporting Q2 adjusted Ebitda of $694.0 million, better than the consensus of $671.1 million, and raised its full-year occupancy forecast to 103% from 102.5%, above the consensus of 102.6%.
Huntington Ingalls Industries (HII) closed up more than +7% after reporting Q2 EPS of $3.86, well above the consensus of $3.23.
Microsoft (MSFT) closed up more than +3% to lead gainers in the Dow Jones Industrials after reporting Q4 revenue of $76.44 billion, stronger than the consensus of $73.89 billion.
Earnings Reports (8/1/2025)
Cboe Global Markets Inc (CBOE), Chevron Corp (CVX), Church & Dwight Co Inc (CHD), Colgate-Palmolive Co (CL), Dominion Energy Inc (D), Exxon Mobil Corp (XOM), Franklin Resources Inc (BEN), Kimberly-Clark Corp (KMB), Linde PLC (LIN), LyondellBasell Industries NV (LYB), Moderna Inc (MRNA), Regeneron Pharmaceuticals Inc (REGN), T Rowe Price Group Inc (TROW), WW Grainger Inc (GWW).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Erase Early Gains as Chip Makers and Big Pharma Retreat

The best performing sector as of midday Thursday is the Industrial sector, up 0.7%. Within that group, eBay Inc. (Symbol: EBAY) and C.H. Robinson Worldwide, Inc. (Symbol: CHRW) are two large stocks leading the way, showing a gain of 18.4% and 18.2%, respectively. Among industrial ETFs, one ETF following the sector is the Industrial Select Sector SPDR ETF (Symbol: XLI), which is flat on the day on the day, and up 16.03% year-to-date. eBay Inc., meanwhile, is up 49.17% year-to-date, and C.H. Robinson Worldwide, Inc. is up 12.92% year-to-date. CHRW makes up approximately 0.3% of the underlying holdings of XLI.
The next best performing sector is the Utilities sector, up 0.4%. Among large Utilities stocks, DTE Energy Co (Symbol: DTE) and FirstEnergy Corp (Symbol: FE) are the most notable, showing a gain of 1.7% and 1.5%, respectively. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF (XLU), which is up 0.2% in midday trading, and up 14.23% on a year-to-date basis. DTE Energy Co, meanwhile, is up 15.81% year-to-date, and FirstEnergy Corp is up 8.85% year-to-date. Combined, DTE and FE make up approximately 3.8% of the underlying holdings of XLU.
Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom:
Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Thursday. As you can see, two sectors are up on the day, while seven sectors are down.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Thursday Sector Leaders: Industrial, Utilities

The S&P 500 Index ($SPX) (SPY) today is down -0.14%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.39%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.03%.
After the S&P 500 and Nasdaq 100 posted new record highs this morning, stock indexes are moving lower in afternoon trading.
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Stellar earnings results from Microsoft and Meta Platforms are leading megacap technology stocks after they boosted their capital spending plans and pledged to continue investing in artificial intelligence.
There was a mixed batch of economic news today showed a resilient labor market, but weaker-than-expected consumer spending and still sticky price pressures and labor costs.
Weighing on the Dow Jones Industrials index is a -4% slide in UnitedHealth Group after Baird downgraded the stock to underperform from neutral.
US weekly initial unemployment claims rose +1,000 to 218,000, showing a stronger labor market than expectations of 224,000.
US Jun personal spending rose +0.3% m/m, weaker than expectations of +0.4% m/m. Jun personal income rose +0.3% m/m, stronger than expectations of +0.2% m/m.
The US Jun core PCE price index, the Fed’s preferred inflation gauge, rose +2.8% y/y, stronger than expectations of +2.7% y/y.
The US Q2 employment cost index rose +0.9%, stronger than expectations of +0.8%.
The US Jul MNI Chicago PMI rose +6.7 to a four-month high 47.1, stronger than expectations of 42.0.
In the latest tariff news, President Trump today said he will impose a tariff rate of 15% on imports from South Korea and that a deal with Taiwan was also being drafted as the two countries reached “a certain degree of consensus.” In addition, trade deals are in the offing for Thailand and Cambodia after they agreed to a ceasefire.
The markets this week will focus on any news of new trade deals before Friday’s deadline. On Friday, Jul nonfarm payrolls are expected to increase by +109,000, and the Jul unemployment rate is expected to rise by +0.1 to 4.2%. Also, Jul average hourly earnings are expected +0.3% m/m and +3.8% y/y. In addition, the Jul ISM manufacturing index is expected to increase by +0.2 to 49.5. Finally, the University of Michigan Jul consumer sentiment index is expected to be unrevised at 61.8.
The markets are awaiting President Trump’s August 1 deadline for trade deals to avoid high tariffs. On July 16, Mr. Trump announced that he intends to send a tariff letter to more than 150 countries, notifying them that their tariff rates could be 10% or 15%, effective August 1. As an update, Mr. Trump last Wednesday said, “We’ll have a straight, simple tariff of anywhere between 15% and 50%,” an indication that the floor for tariffs is rising and suggesting that he would not go below 15%.
Federal funds futures prices are discounting the chances for a -25 bp rate cut at 40% at the September 16-17 FOMC meeting and 36% at the following meeting on October 28-29.
This week kicks off the earnings season’s busiest week, with 38% of the stocks in the S&P 500 reporting quarterly earnings, double the amount reported last week. The earnings results of Magnificent Seven members will be front and center, with Apple and Amazon.com reporting after today’s closing. Early results show that S&P 500 earnings are on track to rise +4.5% for the second quarter, better than the pre-season expectations of +2.8% y/y, according to Bloomberg Intelligence. With over 50% of S&P 500 firms having reported, around 82% exceeded profit estimates.
Overseas stock markets today are mixed. The Euro Stoxx 50 fell from a 2.5-week high and is down -1.15%. China’s Shanghai Composite slid to a 1-week low and closed down -1.18%. Japan’s Nikkei Stock 225 closed up +1.02%.
Interest Rates
September 10-year T-notes (ZNU25) today are up +6 ticks. The 10-year T-note yield is down -3.8 bp to 4.332%. T-notes are moving higher today on some positive carryover from a rally in 10-year UK gilts to a 3.5-week high. Also, month-end buying of longer-term government debt securities by bond fund managers to extend duration and balance their bond portfolios is supportive for T-notes.
T-notes fell back from their best levels after weekly jobless claims rose less than expected, and the Q2 employment cost index and the Jun core PCE price index, the Fed’s preferred inflation gauge, rose more than expected, hawkish factors for Fed policy. In addition, T-notes have some negative carryover from Wednesday when Fed Chair Powell dampened speculation of a Fed rate cut in September when he said that with inflation risks from tariffs, the current modestly restrictive policy stance is appropriate.
European government bond yields today are moving lower. The 10-year German bund yield is down -1.0 bp to 2.695%. The 10-year UK gilt yield fell to a 3.5-week low of 4.557% and is down -3.5 bp to 4.567%.
The Eurozone Jun employment rate remained unchanged at a record low of 6.2%, showing a stronger labor market than expectations of a +0.1 point increase to 6.3%.
The German Jul unemployment change rose +2,000, showing a stronger labor market than expectations of +15,000.
German Jul CPI (EU harmonized) eased to +1.8% y/y from +2.0% y/y in Jun, weaker than expectations of +1.9% y/y and the slowest pace of increase in 10 months.
Swaps are discounting the chances at 11% for a -25 bp rate cut by the ECB at the September 11 policy meeting.
US Stock Movers
Meta Platforms (META) is up more than +11% to lead gainers in the Nasdaq 100 after reporting Q2 revenue of $47.53 billion, well above the consensus of $44.83 billion and raised its capital expenditure estimate to $66 billion-$72 billion from a previous estimate of $64 billion-$72 billion, the midpoint above the consensus of $67.79 billion.
Microsoft (MSFT) is up more than +4% to lead gainers in the Dow Jones Industrials after reporting Q4 revenue of $76.44 billion, stronger than the consensus of $73.89 billion.
EBay (EBAY) is up more than +17% to lead gainers in the S&P 500 after reporting Q2 net revenue of $2.73 billion, better than the consensus of $2.64 billion, and forecasting Q3 net revenue of $2.69 billion-$2.74 billion, stronger than the consensus of $2.65 billion.
Carvana (CVNA) is up more than +19% after reporting Q2 revenue of $4,84 billion, well above the consensus of $4.57 billion.
CH Robinson Worldwide (CHRW) is up more than +15% after reporting Q2 adjusted EPS of $1.29, stronger than the consensus of $1.16, and after Baird upgraded the stock to outperform from neutral with a price target of $135.
Norwegian Cruise Line Holdings (NCLH) is up more than +11% after reporting Q2 adjusted Ebitda of $694.0 million, better than the consensus of $671.1 million, and raised its full-year occupancy forecast to 103% from 102.5%, above the consensus of 102.6%.
Huntington Ingalls Industries (HII) is up more than +10% after reporting Q2 EPS of $3.86, well above the consensus of $3.23.
Western Digital (WDC) is up more than +7% after reporting Q4 adjusted EPS of $1.66, above the consensus of $1.48, and forecast Q1 adjusted EPS of $1.39-$1.69, the midpoint above the consensus of $1.42.
CVS Health (CVS) is up more than +6% after reporting Q2 net revenue of $98.92 billion, stronger than the consensus of $94.61 billion, and raising its full-year revenue forecast to $391.5 billion from a previous estimate of $382.6 billion, above the consensus of $386.66 billion.
Align Technology (ALGN) is down more than -30% to lead losers in the S&P 500 after reporting Q2 net revenue of $1.01 billion, weaker than the consensus of $1.06 billion, and forecasting Q3 net revenue of $965 million-$985 million, well below the consensus of $1.04 billion.
ARM Holdings Plc (ARM) is down more than -10% to lead losers in the Nasdaq 100 after forecasting Q2 adjusted ESP of 29 cents-37 cents, the midpoint below the consensus of 35 cents.
Baxter International (BAX) is down more than -21% after reporting Q2 sales from continuing operations of $2.81 billion, below the consensus of $2.82 billion, and cut its full-year adjusted EPS forecast to $2.42-$2.52 from a previous forecast of $2.47-$2.55.
International Paper (IP) is down more than -5% after reporting Q2 adjusted operating EPS of 20 cents, well below the consensus of 40 cents.
Lam Research (LRCX) is down more than -4% after the company said it expects Q1 revenue to ease from current-quarter levels, with Chinese customers potentially scaling back after a spending spree.
Qualcomm (QCOM) is down more than -4% after reporting Q3 handset revenue of $6.33 billion, below the consensus of $6.48 billion.
UnitedHealth Group (UNH) is down more than -4% to lead losers in the Dow Jones Industrials after Baird downgraded the stock to underperform from neutral with a price target of $198.
Earnings Reports (7/31/2025)
AbbVie Inc (ABBV), AES Corp/The (AES), Air Products and Chemicals Inc (APD), Amazon.com Inc (AMZN), Ameren Corp (AEE), AMETEK Inc (AME), Apple Inc (AAPL), Aptiv PLC (APTV), Arthur J Gallagher & Co (AJG), Baxter International Inc (BAX), Biogen Inc (BIIB), Bristol-Myers Squibb Co (BMY), Builders FirstSource Inc (BLDR), Camden Property Trust (CPT), Cigna Group/The (CI), Clorox Co/The (CLX), CMS Energy Corp (CMS), Coinbase Global Inc (COIN), Comcast Corp (CMCSA), CVS Health Corp (CVS), Eastman Chemical Co (EMN), Edison International (EIX), Eversource Energy (ES), Exelon Corp (EXC), First Solar Inc (FSLR), Howmet Aerospace Inc (HWM), Huntington Ingalls Industries (HII), Ingersoll Rand Inc (IR), Intercontinental Exchange Inc (ICE), International Paper Co (IP), Kellanova (K), Kimco Realty Corp (KIM), KKR & Co Inc (KKR), KLA Corp (KLAC), Masco Corp (MAS), Mastercard Inc (MA), Mettler-Toledo International I (MTD), Monolithic Power Systems Inc (MPWR), Norwegian Cruise Line Holdings (NCLH), Paramount Global (PARA), PG&E Corp (PCG), PPL Corp (PPL), Quanta Services Inc (PWR), ResMed Inc (RMD), S&P Global Inc (SPGI), Southern Co/The (SO), Stryker Corp (SYK), Vulcan Materials Co (VMC), Willis Towers Watson PLC (WTW), Xcel Energy Inc (XEL), Xylem Inc/NY (XYL).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Morning Rally Fizzles: Stocks Reverse Course After Early Gains.

eBay EBAY is scheduled to report its second-quarter 2025 results on July 30.
For the second quarter, eBay expects total revenues between $2.59 billion and $2.66 billion. The Zacks Consensus Estimate for second-quarter 2025 revenues is pegged at $2.65 billion, indicating 2.91% year-over-year growth.
EBAY’s second-quarter 2025 non-GAAP earnings per share are expected to be between $1.24 and $1.31, representing year-over-year growth between 4% and 11%.
The consensus mark for earnings is pegged at $1.30 per share, unchanged over the past 30 days. This projection indicates a year-over-year increase of 10.17% from the year-ago quarter’s reported figure.
eBay Inc. Price and EPS Surprise
EBAY surpassed the Zacks Consensus Estimate for earnings in each of the trailing four quarters, with an average surprise of 3.11%.
Let us see how things are shaping up for the upcoming announcement.
Key Factors to Note Ahead of EBAY’s Q2 Results
eBay’s second-quarter 2025 performance is expected to have benefited from sustained momentum in its focus categories, including luxury goods, collectibles, particularly trading cards and refurbished products. These high-margin segments, which supported GMV growth and an improved take rate in the first quarter, are expected to have driven continued top-line and profitability gains in the quarter under review, underscoring the company’s strategic emphasis on expanding its high-value niche offerings.
Through targeted geographic strategies, including collaborations with Facebook Marketplace and the European rollout of Klarna’s Buy Now, Pay Later offering, eBay is expected to have broadened its reach, adding incremental GMV and strengthening growth in the quarter under review.
eBay’s second-quarter product innovations included the ‘Magical Listing’ AI tool, improvements to search and advertising and the launch of its Operator agent. By simplifying listing creation and enhancing user engagement, these initiatives are likely to have strengthened seller productivity and driven GMV gains during the quarter.
The ramp-up of eBay’s managed shipping program in the UK is expected to have bolstered its second-quarter 2025 performance by simplifying logistics for C2C sellers and improving trust among buyers. With the introduction of free shipping, flexible carrier options and plans for pickup and drop-off services, adoption likely increased, and the phased mandate for new and occasional sellers is projected to have driven incremental revenues and profitability during the period.
However, eBay’s second-quarter 2025 performance is likely to have faced pressure from tariff uncertainty, particularly on China-to-US trade, with roughly 5% of GMV exposed to cross-border flows. Rising trade frictions and shifting policies are likely to have compressed margins and slowed liquidity despite mitigation efforts like SpeedPak.
What Our Model Says About EBAY Stock
Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is exactly the case here.
EBay currently has an Earnings ESP of +3.69% and a Zacks Rank of 2. You can uncover the best stocks before they are reported with our Earnings ESP Filter.
Other Stocks to Consider
Here are some companies worth considering, as our model shows that these too have the right combination of elements to beat earnings in their upcoming releases:
Amazon.com AMZN currently has an Earnings ESP of +7.37% and sports a Zacks Rank of 1. You can see the complete list of today’s Zacks #1 Rank stocks here.
AMZN shares have returned 5.5% in the year-to-date period. It is set to report its second-quarter 2025 results on July 31.
Wayfair W currently has an Earnings ESP of +5.41% and a Zacks Rank of 2.
W shares have jumped 47.5% in the year-to-date period. It is set to report its second-quarter 2025 results on Aug. 4.
Yum! Brands YUM currently has an Earnings ESP of +1.34% and a Zacks Rank of 2.
YUM shares have gained 9.4% in the year-to-date period. It is set to report its second-quarter 2025 results on Aug. 5.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

eBay Set to Report Q2 Earnings: What's in Store for the Stock?

Wall Street analysts expect eBay (EBAY) to post quarterly earnings of $1.30 per share in its upcoming report, which indicates a year-over-year increase of 10.2%. Revenues are expected to be $2.65 billion, up 2.9% from the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Given this perspective, it's time to examine the average forecasts of specific eBay metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts predict that the 'Gross merchandise volume (GMV)' will reach $19.00 billion. The estimate compares to the year-ago value of $18.42 billion.
The collective assessment of analysts points to an estimated 'Active Buyers' of 134.31 million. Compared to the current estimate, the company reported 132.00 million in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Gross merchandise volume - International' will likely reach $9.86 billion. Compared to the present estimate, the company reported $9.62 billion in the same quarter last year.
It is projected by analysts that the 'Gross merchandise volume - US' will reach $9.02 billion. Compared to the current estimate, the company reported $8.80 billion in the same quarter of the previous year.
The consensus among analysts is that 'Total transaction take rate' will reach 14.0%. Compared to the present estimate, the company reported 14.0% in the same quarter last year.
View all Key Company Metrics for eBay here>>>
Over the past month, eBay shares have recorded returns of +11.9% versus the Zacks S&P 500 composite's +4.6% change. Based on its Zacks Rank #2 (Buy), EBAY will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Countdown to eBay (EBAY) Q2 Earnings: A Look at Estimates Beyond Revenue and EPS

Investors in eBay Inc. (Symbol: EBAY) saw new options begin trading today, for the September 5th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the EBAY options chain for the new September 5th contracts and identified one put and one call contract of particular interest.
The put contract at the $78.00 strike price has a current bid of $1.58. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $78.00, but will also collect the premium, putting the cost basis of the shares at $76.42 (before broker commissions). To an investor already interested in purchasing shares of EBAY, that could represent an attractive alternative to paying $82.71/share today.
Because the $78.00 strike represents an approximate 6% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 72%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 2.03% return on the cash commitment, or 17.19% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for eBay Inc., and highlighting in green where the $78.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $88.00 strike price has a current bid of $1.47. If an investor was to purchase shares of EBAY stock at the current price level of $82.71/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $88.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 8.17% if the stock gets called away at the September 5th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if EBAY shares really soar, which is why looking at the trailing twelve month trading history for eBay Inc., as well as studying the business fundamentals becomes important. Below is a chart showing EBAY's trailing twelve month trading history, with the $88.00 strike highlighted in red:
Considering the fact that the $88.00 strike represents an approximate 6% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 69%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 1.78% boost of extra return to the investor, or 15.09% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 35%, while the implied volatility in the call contract example is 32%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 250 trading day closing values as well as today's price of $82.71) to be 28%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

EBAY September 5th Options Begin Trading

Shares of eBay (EBAY) have been strong performers lately, with the stock up 10% over the past month. The stock hit a new 52-week high of $81.91 in the previous session. eBay has gained 32% since the start of the year compared to the 6.2% move for the Zacks Retail-Wholesale sector and the 10.3% return for the Zacks Internet - Commerce industry.
What's Driving the Outperformance?
The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on April 30, 2025, eBay reported EPS of $1.38 versus consensus estimate of $1.34.
For the current fiscal year, eBay is expected to post earnings of $5.35 per share on $10.64 in revenues. This represents a 9.63% change in EPS on a 3.46% change in revenues. For the next fiscal year, the company is expected to earn $5.86 per share on $11.08 in revenues. This represents a year-over-year change of 9.59% and 4.17%, respectively.
Valuation Metrics
eBay may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level.
On this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. Investors should consider the style scores a valuable tool that can help you to pick the most appropriate Zacks Rank stocks based on their individual investment style.
eBay has a Value Score of C. The stock's Growth and Momentum Scores are A and D, respectively, giving the company a VGM Score of B.
In terms of its value breakdown, the stock currently trades at 15.3X current fiscal year EPS estimates, which is not in-line with the peer industry average of 22.7X. On a trailing cash flow basis, the stock currently trades at 17.1X versus its peer group's average of 17.4X. Additionally, the stock has a PEG ratio of 1.84. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.
Zacks Rank
We also need to look at the Zacks Rank for the stock, as this supersedes any trend on the style score front. Fortunately, eBay currently has a Zacks Rank of #2 (Buy) thanks to favorable earnings estimate revisions from covering analysts.
Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if eBay fits the bill. Thus, it seems as though eBay shares could have a bit more room to run in the near term.
How Does EBAY Stack Up to the Competition?
Shares of EBAY have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? One industry peer that looks good is Amazon.com, Inc. (AMZN). AMZN has a Zacks Rank of #1 (Strong Buy) and a Value Score of D, a Growth Score of B, and a Momentum Score of B.
Earnings were strong last quarter. Amazon.com, Inc. beat our consensus estimate by 17.78%, and for the current fiscal year, AMZN is expected to post earnings of $6.27 per share on revenue of $695.72 billion.
Shares of Amazon.com, Inc. have gained 6.9% over the past month, and currently trade at a forward P/E of 36.28X and a P/CF of 21.52X.
The Internet - Commerce industry is in the top 28% of all the industries we have in our universe, so it looks like there are some nice tailwinds for EBAY and AMZN, even beyond their own solid fundamental situation.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in the coming year. While not all picks can be winners, previous recommendations have soared +112%, +171%, +209% and +232%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
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eBay Inc. (EBAY) Soars to 52-Week High, Time to Cash Out?

Beyond BYON shares ended the last trading session 22.5% higher at $10.84. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 47% gain over the past four weeks.
Beyond is benefiting from the resurgence of the Overstock.com brand, the reimagining of Bed Bath & Beyond with a significant SKU reduction, and the acquisition of buybuy BABY. The company is also seeing improved marketing efficiency from its newly integrated Salesforce system, alongside increased average order value and better site conversion.
This online discount retailer is expected to post quarterly loss of $0.37 per share in its upcoming report, which represents a year-over-year change of +51.3%. Revenues are expected to be $261.38 million, down 34.3% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Beyond, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on BYON going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Beyond is a member of the Zacks Internet - Commerce industry. One other stock in the same industry, eBay EBAY, finished the last trading session 1.1% higher at $79.03. EBAY has returned 0.7% over the past month.
For eBay, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $1.3. This represents a change of +10.2% from what the company reported a year ago. eBay currently has a Zacks Rank of #2 (Buy).
Zacks' Research Chief Names "Stock Most Likely to Double"
Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.
This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Beyond (BYON) Moves 22.5% Higher: Will This Strength Last?

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the First Trust Rising Dividend Achievers ETF (Symbol: RDVY) where we have detected an approximate $112.2 million dollar inflow -- that's a 1.6% increase week over week in outstanding units (from 140,800,002 to 143,050,002). Among the largest underlying components of RDVY, in trading today HP Inc (Symbol: HPQ) is up about 1.8%, Automatic Data Processing Inc. (Symbol: ADP) is down about 0.9%, and Louisiana-Pacific Corp (Symbol: LPX) is up by about 1.1%. For a complete list of holdings, visit the RDVY Holdings page » The chart below shows the one year price performance of RDVY, versus its 200 day moving average:
Looking at the chart above, RDVY's low point in its 52 week range is $38.6287 per share, with $52.10 as the 52 week high point — that compares with a last trade of $49.81. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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