|Bid||470.50 x 1200|
|Ask||473.00 x 800|
|Day's Range||420.50 - 463.31|
|52 Week Range||181.00 - 593.89|
|Beta (5Y Monthly)||1.18|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 27, 2020 - May 03, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||564.27|
At least five tech conferences were canceled this week due to risks associated with COVID-19, and several more were hit with the loss of major participants.
After eBay, Visa, Stripe and other high-profile partners ditched the Facebook -backed cryptocurrency collective, Libra scored a win today with the addition of Shopify. The e-commerce platform will become a member of Libra Association, contributing at least $10 million and operating a node that processes transactions for the Facebook-originated stable coin. If Libra manages to assuage international regulators' concerns, which are currently blocking its roll out, Shopify could gain a way to process transactions without paying credit card fees.
The Facebook-led digital currency project Libra has announced that ecommerce group Shopify will join its ranks, its first new recruit since a wave of big technology and finance companies quit the initiative over regulatory concerns. Shopify will contribute $10m to become part of the Libra initiative — which is billed as an attempt to use blockchain technology to enable swift, low-cost international payments online — and sit on the board that oversees its development. “As a member of the Libra Association, we will work collectively to build a payment network that makes money easier to access and supports merchants and consumers everywhere,” Shopify said in a blog post.
The Zacks Analyst Blog Highlights: VMware, Applied Materials, Equinix, Shopify and Johnson Controls International
Expectations were high heading into Shopify’s seasonally strong holiday print, and Shopify did not disappoint—the business is firing on all cylinders. Shopify’s initial guidance for 2020 pointed to heightened levels of investment. Given the number of areas where Shopify is expanding—international, up-market, fulfillment, brand, finance, etc.—the incremental investment is defensible for now.
(Bloomberg) -- Canada’s homegrown tech company Shopify Inc. is on a tear.After surging annually since its 2015 initial public offering, it has rallied 36% to a market value of almost C$82 billion ($62 billion) in 2020, making it the seventh largest company on the S&P/TSX Composite Index. That puts it about C$8 billion away from usurping Bank of Nova Scotia -- the fifth biggest company. Canadian National Railway Co. -- is No. 6 on the benchmark.Shopify’s value has climbed about C$7.9 billion just this week as fourth-quarter revenue topped analysts’ estimates and the provider of online shopping tools gave an optimistic forecast for the year.Shares of Shopify have skyrocketed to fresh records amid a dearth of quality tech companies on the S&P/TSX Composite Index. The benchmark tech gauge has a mere 10 members compared with over 71 on the S&P 500’s tech index, which includes FAANG giants such as Facebook Inc., Amazon.com Inc., Apple Inc., Netflix Inc. and Google parent Alphabet Inc.Still, Shopify’s meteoric rise has some analysts calling for caution. Credit Suisse analyst Brad Zelnick downgraded the stock to the equivalent of a hold on its “lofty valuation” but raised his share price target for the U.S.-listed stock to $575 from $450. He did, however, contend that company has a “great business.” The stock is currently sitting at about $527.Markets -- Just The NumbersChart of The WeekPoliticsPrime Minister Justin Trudeau said the government will do everything it can to resolve protests that have crippled parts of the country’s railways, leading to disruptions in passenger travel and the shipment of key goods. RBC Capital Markets said the demonstrations are another reason the Bank of Canada will be “biased to ease.”Get the latest news on the pipeline protests hereThe coronavirus continues to spread within China. Finance Minister Bill Morneau said that the epidemic will take a “real” toll on Canada’s economy given it’s global knock-on effects. Reduced tourism from China and lower commodity prices will also impact Canada’s growth.EconomyA new survey showed that Canadians are growing increasingly confident of getting a job with better pay were they to leave their current workplace, another indication of the health of the nation’s labor market as the unemployment rate sits at historic lows and wages climb near the fastest pace since the recession.The housing market in major Canadian cities continued to tighten as home sales fell and prices rose in January. A combination of steady population growth, low unemployment and cheap borrowing costs have brought buyers into the market but shrinking supply is damping transactions and driving bids for homes higher in places like Toronto.Up next, economists will be watching manufacturing sales figures on Feb. 18, inflation data due Feb. 19 and retail sales expected on Feb. 21. The stock market is closed on Monday for a holiday in Ontario and some other provinces.TrendingInCanada1\. Former Mississauga Mayor Hazel McCallion, also known as “Hurricane Hazel” turned 99 with NHL’s Maple Leafs team celebrating her birthday. She was in office for 12 terms before stepping back in 2014.2\. An extreme cold warning alert was issued for the city of Toronto Friday as temperatures dip below 30 degrees Celsius (that’s -22 degrees Farenheit).\--With assistance from Shelly Hagan.To contact the reporter on this story: Divya Balji in Toronto at email@example.comTo contact the editors responsible for this story: Kyung Bok Cho at firstname.lastname@example.org, Jacqueline Thorpe, Danielle BochoveFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
The stock market continued to hit fresh highs this past week, with Nvidia, Dexcom, Applied Materials and Shopify big earnings winners.
Investors might be tempted to take profits in Teladoc Health (NYSE:TDOC). After all, TDOC stock has gained 900% from its 2016 lows. And it certainly looks expensive. The provider of virtual healthcare services now has a market capitalization over $8 billion.Source: Piotr Swat / Shutterstock.com Yet Teladoc isn't profitable, and likely won't be until 2022. Shares trade at a whopping 11x next year's revenue estimates.But the stock shouldn't be cheap. It provides a long-term opportunity for growth that few companies in this market can match. Most, if not all, of those companies have been huge winners. Electric vehicle growth has driven Tesla (NASDAQ:TSLA) to stunning levels. Shopify (NYSE:SHOP) has been perhaps the market's best stock over the past year.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThose companies, too, faced valuation concerns -- and short sellers. Indeed, roughly 30% of TDOC stock is sold short at the moment. * 7 Earnings Reports to Watch Next Week Investors have been best-served, however, by ignoring the shorts and even Wall Street. Growth has trumped valuation at every turn in this bull market. Teladoc's growth is going to be explosive. The Telehealth OpportunityUnsurprisingly, Teladoc Health has jumped out to an early lead in telehealth. The company, after all, was founded by veterans of the National Aeronautics and Space Administration after that agency pioneered remote health services for astronauts at the International Space Station.Since its founding in 2002, Teladoc has become the unquestioned leader in telehealth. Its market share reportedly sits near 75%. The company offers some 450 medical subspecialties, and completed 2.6 million visits worldwide in 2018. That latter figure should rise over 50% in 2019, based on current company's guidance.Teladoc's customers already include health insurance providers like Aetna (NYSE:AET), UnitedHealth (NYSE:UHC) and several Blue Cross Blue Shield companies. Bank of America (NYSE:BAC) and General Mills (NYSE:GIS) headline the company's roster of employers.Teladoc clearly has the "first mover advantage" in telehealth. And it's going to be a fast-growing market.Younger millennial consumers won't want to visit a doctor's office any more than they want to visit a brick-and-mortar retailer. They can virtually visit a doctor on the Teladoc app in a median time of just ten minutes.Rural patients face long driving distances and/or a lack of specialized providers. Telehealth can be a literal lifesaver for them.Even our company's mental health crisis could be ameliorated via telemedicine. Simply put, Teladoc's service can deliver better care to more patients in a more efficient and cost-effective manner. Is TDOC Stock Too Expensive?Again, Teladoc Health isn't cheap. That might worry some investors. But the company has plenty of room to grow into -- and beyond -- the current valuation.After all, the potential market here is enormous. Back in 2017, Teladoc Health estimated its addressable market in the U.S. at $29 billion.That was before the company acquired Advance Medical in 2018, which helped expand the company worldwide. As of the end of 2018, Teladoc operated in over 130 countries and more than 20 languages, according to its Form 10-K filed with the U.S. Securities and Exchange Commission.Revenue for 2020 is likely to be less than $700 million. That in turn suggests Teladoc has penetrated less than 3% of its potential market just in the U.S. As the company noted in a presentation last month, there are 75 million potential users as current U.S. clients. Teladoc's total user base at the moment is just 54 million.If the U.S. market is $30 billion and the global market $50 billion or more, what happens if Teladoc holds even 30% market share? Or 60%?In either scenario, an $8 billion market value won't look "expensive" in retrospect. It will look like a gift. Stick With the WinnerI've been recommending Teladoc Health going back to 2018. All that has changed since then is its valuation. TDOC stock has gained 68% since mid-2018.But I believe the company, and the stock, are just getting started. There are few better opportunities out there, where an investor can own the unchallenged leader in an industry with decades of growth ahead.Tesla is one. Shopify another. Those stocks have risen by multiples of their former share prices -- and faced valuation concerns the entire way. TDOC stock has risen nicely, but it hasn't seen that explosive upside yet.But it will at some point, as long as Teladoc keeps executing.Matthew McCall left Wall Street to actually help investors -- by getting them into the world's biggest, most revolutionary trends BEFORE anyone else. The power of being "first" gave Matt's readers the chance to bank +2,438% in Stamps.com (STMP), +1,523% in Ulta Beauty (ULTA) and +1,044% in Tesla (TSLA), just to name a few. Click here to see what Matt has up his sleeve now. Matt does not directly own the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Exciting Stocks to Buy for Aggressive Investors * 20 Stocks to Buy From the Law of Accelerating Returns * 7 U.S. Stocks to Buy on Coronavirus Weakness The post Up 900%, Teladoc Stock Still Has Tremendous Upside Ahead appeared first on InvestorPlace.
Shopify is a big winner in 2020. Earnings are booming and the company plans to compete more with Amazon. But is SHOP stock a good buy now?
(SHOP)’s fourth-quarter earnings were just a little too good for (CSGN)’s tastes. This week, the e-commerce software company reported $505.2 million in fourth-quarter revenue and 43 cents per share in adjusted earnings. Shopify stock (ticker: SHOP) surged more than 17% immediately after it reported fourth-quarter earnings on Wednesday.
Shopify Inc. price targets soared at a number of research groups after the company, which provides retail management services to more than one million merchants, reported an adjusted profit and revenue that beat expectations. “We reiterate our outperform rating on Shopify following a solid Q4 2019 print and above consensus 2020 outlook, which should give investors confidence in the sustainability of the above market growth profile,” analysts led by Brian Peterson wrote. Shopify (SHOP) has an average overweight stock rating and average target price of $552.26, based on a FactSet survey of 30 analysts.
It's one of the market's most notorious and contentious battleground stocks. But in the world of he said, she said arguments in today's market, no stock comes close to what's driving Tesla (NASDAQ:TSLA) stock traders into a frenzy.Source: franz12 / Shutterstock.com Let me explain.Tesla is no stranger to controversy. Even Netflix (NASDAQ:NFLX) or a hotly contested Shopify (NYSE:SHOP) can't hold a candle to the upstart EV auto manufacturer. But this month conditions have grown more heated.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe escalation follows two very high profile and countering assertions, which fight for those who hate Tesla and those who love the company. And make no mistake, Tesla stock is going to run one of them over shortly.In support of Tesla's steadfast pessimists and the stock's heavily shorted bear population, perversely enough, it was well-known consumer advocate Ralph Nader who declared shares need to be investigated.Mr. Nader recently expressed that the U.S. Securities and Exchange Commission should protect investors and determine if any insider trading or possible market manipulation in Tesla's share price occurred. Did someone forget to send Ralph the memo that Tesla stock rallied upwards of 125% at its best this year? * 7 Exciting Stocks to Buy for Aggressive Investors For the bulls, ARK Invest's Catherine Wood, a long-time bull on Tesla, revised its longer-term price target on shares to $7,000 by 2024. And if their thesis really plays out as anticipated, the stock could trade above $15,000. The latest call comes after the firm's research team performed a deep dive into TSLA stock's gross margins, capital efficiency and the adoption of autonomous driving.So, who are you going to believe? I'd advise that when it comes to Tesla stock right now, it's best to leave those matters to the price chart. Tesla Stock Daily Chart Source: Charts by TradingViewSince last writing about Tesla stock in December and offering a bullish risk-adjusted entry, shares have rocketed higher. In fact, the discussed purchase looks almost conservative and safe in consideration of Tesla's ensuing blast-off towards $1,000 over the past month. But I'd also say investors shouldn't believe the bears and think TSLA is well past being able to be bought. It's not.Over the past several sessions Tesla has consolidated its gains following what some technicians will qualify as a blow-off topping pattern. I'm not so sure. What is observed with more authority is the reduced price volatility is taking the shape of a symmetrical triangle. And most often, these formations offer traders profitable continuation entries into a stock.A move in Tesla above $810 is where I'd recommend getting long. This entry allows for a small bit of technical wiggle room through pattern resistance while clearing the well-watched $800 level. As with our last recommendation in Tesla, a 10% stop looks smart. This exit would be placed beneath $720 and exits the long before any bearish chart dynamics below triangle support might really challenge shares. Of course, if $720 is broken prior to a rally out of the pattern, all bets are off the table.Alternatively, another route to stronger risk-adjusted returns would be to buy a slightly out-of-the-money bull call spread with a duration of a couple months. I'd still look to enter and exit the spread with the described price action above. But regardless of what happens on the price chart thereafter, this strategy offers guaranteed protection and exceptional bang for the buck not possible with a Tesla stock position.Disclosure: Investment accounts under Christopher Tyler's management do not currently own positions in any securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional options-based strategies and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 20 Stocks to Buy From the Law of Accelerating Returns * 10 Strong Lottery Ticket Stocks That Could Soar in 2020 * 7 U.S. Stocks to Buy on Coronavirus Weakness The post Is It Finally Time to Be a Believer in Tesla Stock? appeared first on InvestorPlace.
In the wake of the coronavirus breakout in China, OPEC has cut its oil demand growth forecast by 230,000 barrels per day (bpd) from last month's estimate. It now expects global oil demand growth at 990,000 bpd, citing the havoc the coronavirus has had over industrial activity and people movement in China as a reason for the slowdown. The impact is expected to be particularly heavy on aviation fuels as flights have been grounded across many cities in China, with the country's flights being banned from landing in airports in several countries.
Shopify Inc (NYSE: SHOP ) surged after beating fourth-quarter estimates in gross merchandise volume (GMV), subscription revenue, merchant services revenue, and operating income. The company’s 47% total ...
Shopify (NYSE: SHOP) continued to benefit from the rise of e-commerce in the small and mid-sized business niche. Earnings and revenue have easily topped the Zacks Consensus Estimate, and holiday sales jumped 61% from prior year's holiday period reaching $2.9 million.