The coronavirus pandemic hit the economy hard, resulting in significant damage for some industries while boosting others. E-commerce stalwart eBay (NASDAQ: EBAY) falls into the latter camp. It benefitted from stellar second-quarter earnings, propelled by increasing consumer e-commerce engagement related to shelter-at-home conditions.
U.S. e-commerce sales are projected to grow 18% this year due to the pandemic's effects. This suggests eBay's Q2 performance will continue. Let's examine where eBay is to see if its stock might make a good investment for your portfolio.
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Source Fool.com