Be my (e)bae... Like dating in the time of coronavirus, eBay thrives on a virtual adrenaline rush. Shares of the OG e-marketplace hit an all-time high after it aggressively raised sales forecasts for next quarter (like outbidding yourself in an e-auction). EBay added 6M buyers in April and May, while small biz sign-ups surged 55%. Plus, there was perfect timing: eBay raked in $4B after selling ticket brand StubHub in February, just before live events disappeared.
Restock the Biscoff cookies... Airline stocks have popped since Warren Buffett sold Berkshire Hathaway's entire airline stake (at a $3.B loss) a month ago. On April 16th, the volume of passengers traveling was 3.6% of last year's — on June 4, it was 15%. And by July, some airlines expect 50% of normal levels. These TSA stats, mixed in with economic reopening, sent stocks of America's 4 biggest airlines soaring: since May 7, American Airlines is up 95%, United is up 86%, Delta is up 58%, and Southwest is up 50% (insert Warren silently sipping Coke).