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Two Ways: eBay Bids on Paypal


Strengthen your portfolio in good times and bad.

Old Paypals

Internet auctioneer eBay (EBAY) said yesterday it's shifting strategies to focus on Paypal, its online payment business, rather than Internet retail. According to the Wall Street Journal, the company is struggling to keep up with rival Amazon (AMZN) after reporting its first-ever quarterly revenue decline - 7% in the fourth quarter. Earnings dropped 31%.

eBay said revenue from Paypal could increase to as much as $5 billion by 2011, up from $2.4 billion in 2008. The company also plans to refine its search engine and experiment with other interfaces.

From the Bull Pen: In the Internet arena, bulls can look to Amazon. Ideally we'll see the stock consolidate its recent breakout. Those bullish can test the upside with a sell stop below $65.

From the Bear Cave: Bears can play the downside in eBay. The stock likely won't break above $12 resistance, at least on the first try. A sell stop can be placed above that level.

Quick Check Around the World

Asian trading closed with the Hang Seng 0.59%, Nikkei -2.41%, India 2.25%, Taiwan -0.11% and Shanghai -0.24%.

Glancing towards Europe, we see the CAC -2.04%, DAX -2.04%, FTSE -1.34%

As of 8:00 AM EST, S&P Futures are trading -4 to 716, and Nasdaq futures are -8 to 1116.

A Look At Commodities

Crude oil is trading +0.95 to 43.28. Gold is +6.30 to 917.00. Silver is unch at 12.815, and copper -2.35 to 160.20.

The dollar index is –-0.09 to 87.7950.

On the Radar


08:30 Advance Retail Sales
08:30 Retail Sales Less Autos
08:30 Initial Jobless Claims 640k
08:30 Continuing Claims
10:00 Business Inventories

Click here for the full trading radar.

Thirsty Thursday! We're almost there. Good luck!
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No positions in stocks mentioned.

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