Categories
BLOG

ebay hemp oil

eBay exec explains why millennials are buying so much CBD oil

Many millennials may be worried over a possible lack of social security when they retire, but in the shorter-term, the younger demographic is more concerned about products that help ease their state of mind, says one eBay ( EBAY ) executive.

According to the company, millennial shoppers purchased over 217,400 diffusers — devices that disperse scented oils — off eBay this year so far, with a spike in sales over 58% during the last six months alone. And for the first time eBay has disclosed such sales, millennial shoppers also purchased 39,000 cannabidiol (CBD) oils and supplements this year and conducted 284,000 related searches, ostensibly in a bid to treat symptoms of anxiety. (Although CBD comes from the same plant as THC, CBD is better known for its potential medical benefits and does not get the user high.)

“With the ubiquity of mobile devices, millennials are taking deliberate steps to occasionally disconnect, or prioritize wellness,” eBay Vice President of Buyer Experiences Bradford Shellhammer told Yahoo Finance at the Open Mobile Summit on Tuesday in Burlingame, California.

A booming market for CBD oils

Ebay’s aromatherapy sales may not be all that surprising, given its long-established mood and stress-relieving benefits . However, the company’s stats around CBD-related online searches and sales not only speak to a more recent, growing movement to tackle so-called “ digital wellbeing ” in different ways, they also speak to the quietly growing CBD market. According to the Brightfield Group, a cannabis analytics firm, the CBD market is expected to grow from just $591 million in overall sales this year to a staggering $22 billion by 2022.

Much has already been said about the medical benefits of CBD , with advocates contending its all-natural properties can alleviate symptoms of a wide-ranging number of ailments, including anxiety, depression, pain, insomnia, schizophrenia , even cancer .

Added Shellhammer: “I think we’ll continue to see millennials strike a balance between using technology to make their lives more fulfilling and convenient and making a conscious decision to unplug in favor of real-world experiences.”

The eBay executive also noted another unique millennial shopping trend: their need for instant gratification applies to how they spend, contributing to impulsive purchases — at least in years past .

“Millennials are the ultimate multitaskers,” explained Shellhammer. “They never have to start shopping, because they never stop shopping. It’s an ‘always on’ mentality. They are accustomed to immediate gratification, so when something is on their mind, they are quick to put it into their cart. What’s happening in the world around them plays a big role in their purchase behavior.”

Look no further perhaps than the fashion category, for instance. Sales of Christian Dior’s Saddle handbag spiked almost 20% on eBay earlier this year after the French fashion house had 100 global influencers and celebrities help re-launch the iconic bag on Instagram for the Fall/Winter 2018 season. Those increased sales, Shellhammer suggests, were spurred by millennials’ “always on” mentality coupled with Instagram’s popularity and sway with the demographic.

JP Mangalindan is the Chief Tech Correspondent for Yahoo Finance covering the intersection of tech and business. Email story tips and musings to [email protected] Follow him on Twitter or Facebook.

More from JP:

UniCredit to hold extraordinary board meeting on governance: source
UK confirms H5N8 bird flu on English turkey farm
UK’s Raab: There is a risk of third coronavirus wave
Guggenheim Fund Reserves Right to Put Up to 10% in Bitcoin Trust
Hong Kong reports 4-month high 115 coronavirus cases
30 dividend stocks selected for value as the U.S. economy gathers steam

John Buckingham of The Prudent Speculator investment newsletter provides a special screen of stocks for MarketWatch premium subscribers.

Goldman Sachs: These 3 Stocks Could Spike Over 40%

Expectations of good news on the near horizon are buoying markets right now. Over the past month, both the S&P 500 and the NASDAQ are up 11% to new record highs.Investors are excited at the prospect of a COVID vaccine coming before the winter is out. And the electoral results, that Democrat Joe Biden will ascend to the Presidency while the Republicans will emerge strengthened in Congress, promise the avoidance of extremes typical of divided government. In short, investors are looking forward to ‘return to normal’ environment over the next several months. And that has them seeking stocks that are primed for gains. Against this backdrop, Goldman Sachs analysts are pounding the table on three stocks in particular, noting that each could surge over 40% in the year ahead. After running both tickers through TipRanks’ database, we found out that the rest of the Street is also standing squarely in the bull camp.Codiack BioSciences (CDAK)As we have all learned from coronavirus pandemic, some new thing in medical science can make huge impact on our world. Codiack aims to turn that principle to good. This research-oriented pharmaceutical aims to turn exosome therapeutics into a whole new class of medicines. Exosomes are the degradation mechanism RNA, and can transfer genetic material around a body.And therein lies the potential. Codiack has developed a design platform for the engineering of exosome proteins capable of carrying and protecting drug molecules through cell walls. In effect, the proteins will mimic the pathways used by viruses – but are non-viral, and are designed to carry a ‘payload’ of therapeutic agents. If successful, exosome therapy offers doctors the ability to design a drug that will deliver specific agents to specific cells to fight specific disease.Codiack is involved in all aspects of exosome therapeutics, from design to manufacturing, and currently has an active pipeline of agents – seven, in all – in various stages of discovery, preclinical testing, and the beginnings of Phase 1 trials.In the biosciences, success or failure is all about that pipeline, and in its diverse, active pipeline of agents in a new sector of biotechnological pharmaceuticals, Codiack has a fine resource to attract investors. To get those investors, the company went public this past October, selling 5.5 million shares at an opening price of $14.10 per share.Among the healthcare name’s fans is Goldman Sachs analyst Graig Suvannavejh. The analyst wrote, “Biopharma industry interest in exosomes has long been high, but engineering them for a specific function and manufacturing at scale have both proven challenging. Among a field of multiple competitors, CDAK has made the most significant progress on both fronts, and as such we view their technology platform as best-in-class.””Given share underperformance (-37%) since the IPO, we find risk/reward highly compelling at current levels, and with key 2021 data sets to provide potential de-risking and positive share inflection,” the analyst concluded.Suvannavejh rates CDAK a Buy, and his $29 price target shows the extent of his confidence – it implies a 222% upside for the coming year. (To watch Suvannavejh’s track record, click here)Overall, Codiack has a Strong Buy from the analyst consensus – 3 reviewers have put up Buy ratings in recent weeks. The stock is selling for $8.90, and its $24 average price target implies a 166% one-year upside potential. (See CDAK stock analysis on TipRanks)Arcutis Biotherapeutics (ARQT)Acrutis is a pioneering researcher in the treatment of dermatological disease. Arcutis is involved in discovering the next generation of dermatological treatments – an important niche, especially when one realizes that one common ailment, psoriasis, has not seen an FDA approval for a novel treatment in over two decades.The company is leveraging recent advances in immunology and inflammation to find new approaches to skin treatment. The goal is to make it easier for patients and doctors together to manage conditions like psoriasis, alopecia, atopic dermatitis, seborrheic dermatitis, and vitiligo, to name just a few.The company’s lead candidate, ARQ-151 (roflumilast cream), is about to enter a phase 3 trial for atopic dermatitis, and is in an advanced phase 3 stage in Plaque Psoriasis. Arcutis has recently issued an update on positive data from the Phase 2 trials of ARQ-151 in atopic dermatitis. The drug is a once-daily treatment, and has demonstrated significant patient relief from symptoms, especially itching and itching-related sleep problems. This is another stock in Suvannavejh’s coverage universe. The Goldman analyst is impressed by developments in the company’s pipeline work, noting: “ARQT provided an update on the outcome of its end-of-Phase 2 meetings with the FDA, following their Phase 2a trial of ARQ-151 in atopic dermatitis (AtD). Feedback from regulators was broadly encouraging, in particular, acknowledging the robust long-term safety data being generated by ARQT for ARQ-151 in plaque psoriasis…”Accordingly, Suvannavejh rates ARQT a Buy, and sets a $36 price target that indicates room for 40% upside growth in 2021. (To watch Suvannavejh’s track record, click here)Arcutis has 2 recent Buy reviews, making the consensus rating a Moderate Buy. The stock’s average price target is $37, suggesting a 44% upside from current levels. (See ARQT stock analysis on TipRanks)Oak Street Health (OSH)With the last stock, we move from medical research to medical care. Specifically, Oak Street Health is a primary care clinic operator, and part of the Medicare Network. The company has operations and clinics in Illinois, Indiana, Michigan, Pennsylvania, and Ohio, along with New York, North Carolina, Rhode Island, Tennessee, and Texas. It has been in operation for eight years, and went public this past summer, holding the IPO in August.In the third quarter, the company’s first as a publicly traded entity, OSH brought in $217.9 million in revenue. The revenue number was up 56% from the year-ago quarter. Earnings per share matched expectations, at 15 cents.The company’s expansion proceeds apace, and in October, Oak Street entered New York by opening, in Brooklyn, its 70th location. A planned expansion in Texas, involving a partnership with Walmart, is also proceeding as planned, and Oak Street has opened its first Walmart Community Clinic the Dallas-Fort Worth area city of Carrollton.Robert Jones, covering this stock for Goldman, set a $74 price target to back his Buy rating. At currently levels, this target implies an upside of

58% in the next 12 months. (To watch Jones’ track record, click here)“Results suggest operations are still on track, with few incremental updates since the 2Q call, where management noted a resumption of center openings, (pivoted) marketing efforts, and in-person visits despite COVID. In 3Q, OSH opened 13 new centers and is on track for 73-75 by end of year… The company maintained that it is continuing to operate at a high level in places with elevated COVID case counts like Chicago and Detroit,” Jones noted.All in all, the Strong Buy analyst consensus rating OSH is based on 8 reviews, breaking down to 7 Buys and just a single Hold. The stock is selling for $46.94, and its $61.29 average price target suggests it has a

31% upside for the coming year. (See OSH stock analysis on TipRanks)To find good ideas for healthcare stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

I’m 60, my spouse is 45 — can I retire if our expenses are $12,000 a month?

I have read a few of your HelpMeRetire inquiries, and I have a situation that I can’t seem to find much information about when I read retirement planning guides. I am 60 years old, and my spouse is 45. Our living expenses aren’t extravagant, but we do like to travel.

Dow Jones Futures: Stock Market Rally Flashes Mixed Signals; Why Apple, Nio, Zoom Video Are Important

The stock market is looking robust, but also showing some signs of excessive bullishness. Apple leads four key names to watch.

These Are The 5 Best Stocks To Buy And Watch Now

Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. So what are the best stocks to buy now or put on a watchlist?

Biden’s plans will help those ‘fearful of outliving their retirement savings’

President-elect Joe Biden wants to help Americans save for their golden years by expanding access to retirement savings plans, strengthening Social Security, and making health care more affordable.

A Top Pension Sold Bank of America, Wells Fargo, and Exxon Stock. Here’s What It Bought.

The investment board of Wisconsin’s state pension sold Bank of America, Wells Fargo, and Exxon stock in the third quarter. It bought JPMorgan stock.

Gold Price Breaks Down On Vaccine News, But Bottom May Be Near

Does buying gold stocks, or betting on the gold price, make sense, despite vaccine progress and 2020 election results? Here are some things to consider.

Why the Stock Market Keeps Rising — and Why Its Next Test Comes Next Week

“Investors have become uninterested in worrying about downside risks,” writes one Wall Street strategist.

Barron’s Picks And Pans This Week: Apple, Ford, Royal Dutch Shell, Tesla And A Hair Salon Chain

This weekend’s Barron’s cover story discusses whether Ford can be fixed and its stock can double. * Other featured articles examine the bull case for Tesla in the S&P 500, some global recovery plays and how badly the pandemic has hurt real estate investment trusts. * Also, the prospects for a salon operator, automaker dividends, Apple notebooks and more.Cover story “Ford Can Be Fixed. Why Its Stock Could Double” by Al Root points out that Ford Motor Company (NYSE: F), the fifth-largest automaker in the world, has been among the worst-performing auto stocks during the past five years. See why Barron’s believes its new chief executive officer could help fix the company and send its share price much higher.Leslie P. Norton’s “Pandemic or Not, a House Needs a Deck. That’s Good News for Azek” shows why Azek Company Inc (NYSE: AZEK), the number two maker of composite wood decking, is growing fast after its June initial public offering. As recycling rises and composite costs fall, says the article, the company anticipates steady growth.In “Supercuts Owner Regis Is a Postpandemic Play With Style,” Nicholas Jasinski makes the case that a transition to a franchise model makes small-cap hair salon operator Regis Corporation (NYSE: RGS) stock a buy. Haircuts cannot be sold online and delivered in a box, and investors are looking ahead to when life and business may resemble normality again.As 2021 approaches and with strong third-quarter results in their rearview mirrors, General Motors Company (NYSE: GM), Ford and other automakers appear to be on their way to restoring their dividends. So says “Improving Cash Flows Put GM and Ford Dividends in Line for Restoration” by Lawrence C. Strauss.In Alex Eule’s “Apple’s New MacBooks Have Delighted Critics. Investors Should Care, Too,” see why Barron’s thinks that while Macs represent just 10% of the total sales at Apple Inc (NASDAQ: AAPL), the business is once again important to the consumer electronics giant’s future.”Tesla Storms the S&P 500. Here’s the Bull Case” by Jack Hough discusses why Elon Musk’s electric-vehicle maker continues its amazing rise, yet the value of Tesla Inc (NASDAQ: TSLA) is now so high that car-making profits alone might not be enough, even looking out a decade and assuming massive market-share gains.See also: Benzinga’s Bulls And Bears Of The Week: AstraZeneca, Disney, Ford, GE, Roku And MoreThe consumer-discretionary sector has gained almost 30% in 2020, making it the second-best performer this year, behind only tech, according to Ben Levisohn’s “Tesla Is About to Upend This Sector. What Investors Should Do Now.” Discover why Barron’s believes that the sector is about to get a whole lot riskier, as well as how investors may want to play it.In “Three Stocks to Buy as COVID Lockdowns Ease,” Bill Alpert looks at the claim that global recovery plays like Anheuser Busch Inbev NV (NYSE: BUD) and Royal Dutch Shell plc (NYSE: RDS-A) are reasonably priced, as investors look ahead to a post-pandemic world. See what else made the cut.Lawrence C. Strauss’s “REITs Have Been Hit Hard by COVID-19. The Impact Could Last for Years” says that COVID-19 has caused the most long-term damage to the value of real estate investment trusts focused on malls and office space. But what about the likes of American Tower Corp (NYSE: AMT) and Prologis Inc (NYSE: PLD)?Also in this week’s Barron’s: * Questions for the most powerful woman in tech * How much Joe Biden can actually change tax policy * Five tax moves to consider for an unusual year * Why taxable muni bonds are tempting * Whether companies that fail to measure corporate impact will be left behind * How emerging markets could benefit from COVID-19 vaccines * Whether Millennials or Baby Boomers are fueling latest stock rally * A review of the career of Janet Yellen * Whether the Bitcoin rally still has legs * A memory-loss trap to avoid in retirementAt the time of this writing, the author had no position in the mentioned equities.Keep up with all the latest breaking news and trading ideas by following Benzinga on Twitter.Photo by Delbeautybox from PexelsSee more from Benzinga * Click here for options trades from Benzinga * Notable Insider Buys in the Past Week: Biglari, Coty, Danaher, Foot Locker And More * Benzinga’s Bulls And Bears Of The Week: AstraZeneca, Disney, Ford, GE, Roku And More(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Is Apple Stock A Buy Right Now? Here’s What Its Stock Chart Shows

Apple has been an American success story several times over with the Mac, iPod, iPhone and other inventions. But is Apple stock a buy now? Here’s what its stock chart and earnings show.

Penny Stocks to Watch for December 2020

As we wave goodbye to a difficult year, it is likely that the economic and financial roller-coaster ride is only just getting started.

Millennial shoppers have purchased a significant number of CBD oils and supplements this year.