For Immediate Release
Chicago, IL – January 18, 2010 – Zacks.com announces the latest Industry Outlook. Today, Zacks Equity Research discusses the e-Commerce Industry, including Amazon.com (AMZN), Expedia Inc (EXPE), Priceline.com (PCLN), Orbitz Worldwide (OWW) and Google, Inc. (GOOG).
A synopsis of today’s Industry Outlook is presented below. The full article can be read at http://www.zacks.com/stock/news/29398/e-Commerce+Stock+Review+-+Jan.+2010.
e-Commerce Stock Review – Jan. 2010
The online retail segment comprises a very large number of companies, although one can easily pick out the most important players. We are particularly positive about Amazon.com (AMZN) because of its leading market position in online retail, strong financials and strength in international markets. The company’s e-book reader Kindle continues to do very well, and strength in this business should continue.
Online travel companies, such as Expedia Inc (EXPE) and Priceline.com (PCLN) are in a strong growth market. Consequently, they should continue to benefit from international expansion and customers moving online. While Orbitz Worldwide (OWW) is a much smaller player with more limited resources, it too should benefit from these trends. Although near-term results could suffer from the spillover effects of the recession as well as occupancy tax issues, we remain positive about their prospects over the next couple of years, at least.
The search market is dominated by Google, Inc. (GOOG), which has seen phenomenal growth rates over the last five years. The company is a leading innovator, using its engineering talent to extend its position ion the computing platform to the mobile platform. The company has a huge cash balance that we were concerned was not being put to the best use. However, it is currently on an acquisition spree, which should further round out its product portfolio, build on current strengths and help expansion into new areas.
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