NEW YORK, October 18, 2016 /PRNewswire/ --
Consumer sentiment continues to improve due to optimism over the overall health of the economy. According to the recent Conference Board data, the Consumer Confidence Index increased to 104.1 in September from the August reading of 101.8 - its highest level since August 2007. This positive trend is expected to translate into higher consumer spending, which should benefit the Specialty Retail industry. This morning, Stock-Callers.com looks back at four stocks in this category to see how they have fared over the last few trading sessions: Alibaba Group Holding Ltd (NYSE: BABA), eBay Inc. (NASDAQ: EBAY), Office Depot Inc. (NASDAQ: ODP), and Staples Inc. (NASDAQ: SPLS). Learn more about these stocks by downloading their free research reports in PDF format at: http://stock-callers.com/registration
Hangzhou, the People's Republic of China-based Alibaba Group Holding Ltd's stock finished Monday's session 0.97% higher at $102.84 with a total trading volume of 9.96 million shares. The Company's shares have advanced 24.25% in the previous three months and 26.54% on an YTD basis. The stock is trading 2.62% above its 50-day moving average and 25.67% above its 200-day moving average. Additionally, shares of Alibaba Group Holding, which through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally, have a Relative Strength Index (RSI) of 47.15.
On September 22nd, 2016, research firm Stifel reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $104 a share to $125 a share.
On October 13th, 2016, Alibaba Cloud, the cloud computing arm of Alibaba Group, and Docker announced a commercial agreement that advances the user experience for developers throughout China by providing a Docker image store and distribution for Docker Hub on Alibaba Cloud. In addition, Alibaba Cloud will resell Commercially Supported Docker Engine and Docker Datacenter, enabling enterprises to manage their production workloads across the entire application lifecycle. Sign up and read the free research report on BABA at: http://stock-callers.com/registration/?symbol=BABA
On Monday, shares in San Jose, California headquartered eBay Inc. recorded a trading volume of 11.42 million shares, which was above their three months average volume of 10.20 million shares. The stock ended the session 0.25% lower at $31.81. The Company's shares have advanced 0.13% in the last one month, 20.04% in the previous three months, and 15.76% since the start of this year. The stock is trading 0.40% above its 50-day moving average and 19.87% above its 200-day moving average. Moreover, shares of eBay, which operates e-commerce platforms that connect various buyers and sellers worldwide, have an RSI of 50.85.
On October 17th, 2016, eBay launched a new destination, eBay Collective, an elevated shopping experience to provide interior designers and consumers with curated inventory of furniture, antiques, contemporary design and fine art. The bespoke experience has been specifically developed for eBay's 164 million active buyers looking for sought-after products from trusted dealers and galleries. eBay has also integrated "Shop the Look" Artificial Intelligence technology that is powered by eBay's recent acquisition of Corrigon.
Yesterday, research firm The Benchmark Company reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $33 a share to $38 a share. The complimentary research report on EBAY can be downloaded at: http://stock-callers.com/registration/?symbol=EBAY
Shares in Boca Raton, Florida headquartered Office Depot Inc. closed the day 2.40% lower at $3.26. The stock recorded a trading volume of 8.49 million shares, which was higher than its three months average volume of 7.49 million shares. The Company's shares are trading 9.18% below their 50-day moving average. Additionally, shares of Office Depot, which together with its subsidiaries, supplies office products and services, have an RSI of 36.14.
On October 13th, 2016, Office Depot, through its Office Depot and OfficeMax brands, announced that after reviewing both business and personal dynamics this year, all Office Depot and OfficeMax stores will be closed on Thanksgiving Day. Register for free on Stock-Callers.com and access the latest report on ODP at: http://stock-callers.com/registration/?symbol=ODP
At the close, shares in Framingham, Massachusetts-based Staples Inc. ended the day at $7.41, which was a drop of 1.98%. The stock recorded a trading volume of 8.75 million shares, which was above its three months average volume of 6.25 million shares. The Company's shares are trading below their 50-day moving average by 12.34%. Furthermore, shares of Staples, which together with its subsidiaries, operates office products superstores, have an RSI of 25.85.
On October 06th, 2016, Staples announced the availability of Apple Pay on its mobile website, providing customers with an easy, secure and private way to pay. Staples business customers have already been using Apple Pay for purchases within the Staples iPhone app and in Staples' stores. Get free access to your research report on SPLS at: http://stock-callers.com/registration/?symbol=SPLS
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