eBay up by 1% since November 30th
eBay (NASDAQ: EBAY)
Reports Wednesday, Jan. 16 after close; Consensus $0.61 EPS / Revenue $3.97 B
Shares of eBay have risen less than 1 percent since I published An Unexpected Winner in Mobile Commerce on November 30. My conviction on eBay remains the same as the company is uniquely positioned to benefit from the rise in mobile payments and an increasingly cashless society with its PayPal business.
On Wednesday’s conference call, investors will be hoping to learn more about a recently announced collaboration between NCR (NYSE: NCR) and PayPal. NCR develops the point-of-sale hardware used at various national retailers and has seen its shares rise more than 3% since today's press release. The joint venture, announced earlier this morning on January 15, allows PayPal to dramatically expand its physical retail footprint. In addition, PayPal technology is being tested to allow a tableside ordering system at restaurants.
Management’s guidance for fiscal years 2013 and 2014 will likely affect eBay’s stock price to a greater degree than fourth quarter 2012 results. eBay posted strong comparable-store sales for December, which leads me to believe the company’s market share gains will continue in the New Year.
JPMorgan Chase (NYSE: JPM)
Reports Wednesday, Jan. 16 before open; Consensus $1.20 EPS / Revenue $24.61 B
Investors will be looking to see continued revenue strength within JPMorgan’s investment banking and mortgage businesses in upcoming fourth quarter results. The company’s mortgage banking division reported record production revenue during the third quarter, with originations up 7% compared to the second quarter and 29% year-over-year.
Jpmorgan mortgage division up by 7% in 3rd quarter
CNBC
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