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We are looking at Etsy (Ticker: ETSY) today.
Shares of Etsy were up more than 9% on Friday. The company is benefiting from the work-from-home trend as people's appetite for do-it-yourself home decoration is higher than ever. Investors are observing such a trend and are excited about the effect of the Corona economy on Etsy. According to TechCrunch, searches for wall decor or art have jumped 94% compared to the last year, and searches for paintings are up more than 54% in the previous three months. Moreover, according to the company's investor presentation, the company sold more than 12 million face masks in April, representing 17% of the overall 100% growth in the company's total revenue in Q1. Investors can't hold off their excitement and keep buying Etsy's stocks.
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Disclaimer: StockCard.io is not, neither operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on StockCard.io and Stock Card Weekly represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The Stock Card team may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. In no event shall StockCard.io be liable to any subscriber, visitor, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on StockCard.io, or relating to the use of, or inability to use, StockCard.io or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way.