Streetbeat News

W

Wayfair Inc.

https://www.wayfair.com

Industry

Specialty Retail

Wayfair Inc. engages in the e-commerce business in the United States and internationally. The company provides approximately thirty-three million products for the home sector under various brands. It offers online selections of furniture, décor, housewares, and home improvement products through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold brands. The company was founded in 2002 and is headquartered in Boston, Massachusetts.

Open

40.09

Mkt cap

5B

Volume

5.3M

High

42.07

P/E Ratio

-8.92

52-wk high

76.17

Low

39.34

Div yield

N/A

52-wk low

37.60

Retail stocks are up as investors anticipate potential rate cuts in 2024, which may lead to increased consumer spending.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 8:58 pm

Jabil Inc. reported Q1 earnings with revenue of $8.39 billion, surpassing estimates, and an adjusted EPS of $2.60, causing its shares to rise by 5%. Other stocks also saw gains, including Redfin, Sunnova Energy, Wayfair, Sunrun, Moderna, Pacific Biosciences, Alector, Opendoor Technologies, Enphase Energy, Align Technology, Gold Fields, Alcoa, First Solar, Lucid Group, Citizens Financial Group, Rivian Automotive, Pool Corporation, RH, Regions Financial Corporation, and The Carlyle Group. Moderna's stock climbed after announcing positive study data with Merck, while Pacific Biosciences was initiated with an Overweight rating by Stephens & Co. Alector received an upgrade from Stifel, and Align Technology got an updated license from Health Canada. Alcoa was approved for continued mining, and Rivian signed a deal with AT&T.

Portfolio Pulse from Avi Kapoor

December 14, 2023 | 3:15 pm

Retail stocks, including BURL, FND, GOOS, LOW, RH, VFC, W, and WSM, are trading higher following the Fed's decision to leave rates unchanged, with expectations of future rate cuts contributing to overall market strength.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 8:34 pm

Traders are monitoring Wayfair shares after a note from Gordon Haskett indicated strong web traffic growth during the 'Cyber 5' period, suggesting potential upside to Wayfair's 4Q23 guidance and a path to sustainable growth.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 6:49 pm

Cyber Five online sales in the U.S. showed mixed results, with Adobe Analytics reporting a 7.8% increase to $38 billion, while Salesforce reported a lower growth rate. Amazon led with record sales of 1 billion items and plans to continue its sales event until Dec. 24. Bank of America analyst Justin Post reiterated a Buy rating on Amazon with a price target of $168 and on Wayfair with a price target of $72. AMZN shares traded slightly lower, while W shares traded higher.

Portfolio Pulse from Anusuya Lahiri

November 29, 2023 | 5:21 pm

E-commerce and internet retail stocks are up following Mastercard SpendingPulse data indicating an 8.5% increase in e-commerce sales on Black Friday. Investors are now anticipating Cyber Monday sales data.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 5:40 pm

EY-Parthenon forecasts a moderate 3% rise in retail sales during the 2023 holiday season, down from previous years. Despite inflation, retailers are offering significant Black Friday deals to attract customers. Amazon is discounting tech products, Best Buy has cut MacBook Air prices, and Crocs offers discounts on clogs. Dick's Sporting Goods, Kohl's, Microsoft, Samsung, Sony, and Walmart are also providing various deals. Zoom Video Communications is believed to be offering discounts on its services. Other retailers like Birkenstock, Costco, Dell, Gap, Macy's, Motorola, Nike, VIZIO, Wayfair, and Williams-Sonoma are mentioned for their Black Friday sales.

Portfolio Pulse from Anthony Noto

November 24, 2023 | 7:27 pm

Deutsche Bank analyst Lee Horowitz has initiated coverage on Wayfair (NYSE:W) with a Buy rating and set a price target of $55.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 11:49 am

Retail and e-commerce stocks are up following Target's robust Q3 financial performance, indicating a positive market reaction to the sector's earnings.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 4:35 pm

Benzinga's options activity scanner has identified significant trading activity in 10 consumer discretionary stocks. The stocks include Tesla (TSLA), Lucid Group (LCID), Nike (NKE), MGM Resorts (MGM), Airbnb (ABNB), Starbucks (SBUX), Rivian (RIVN), Ford (F), Booking Holdings (BKNG), and Wayfair (W). The options activity ranges from bullish to bearish sentiment, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

November 09, 2023 | 5:35 pm

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