Should You Buy eBay Stock Ahead of Earnings?
eBay (NASDAQ: EBAY) was one of the prime beneficiaries at the onset of the pandemic. Folks looked to the e-commerce retailer and auction site for goods they needed and wanted while avoiding shopping in person.
The trend is reversing for eBay as economies are reopening worldwide. With that backdrop, the company is scheduled to report fourth-quarter earnings on Wednesday, Feb. 23. While long-term investors generally don't buy or sell a stock based on short-term events, there are some who use earnings reports as markers for whether or not to add to their holdings or as clues for potential discount opportunities. With that in mind, let's see if investors should buy this retailer's stock before the report's release.
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Source Fool.com
