|Bid||0.00 x 1300|
|Ask||0.00 x 900|
|Day's Range||132.46 - 140.12|
|52 Week Range||92.41 - 176.60|
|Beta (3Y Monthly)||2.14|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 30, 2018 - May 4, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||162.74|
Amazon (NASDAQ:AMZN) has been one of the more impressive stocks of the past 25 years. First, Amazon has vastly expanded its reach. Secondly, as a stock, AMZN has managed the feat of keeping a growth stock valuation for over two decades.
Shopify Inc. shares were down 11.44% on about 2.2 million shares traded yesterday. Traders concerned with the China and USA trade war as well as Apple cutting its iPhone production, sent many tech stocks lower in Monday's session. Wall Street may have been concerned that Shopify would be affected by the trade wars as Chinese online vendors have had a benefit with low shipping rates.
Underlying Shopify stock is an attractive, and fast-growing business. Indeed, I’ve laid out the bull case for SHOP in the past. After explosive gains from an IPO price of just $17, Shopify stock has settled into a wide range from $120 to $170 over the past ten months.
Shopify (SHOP) has emerged as the go-to platform for people seeking to buy legal cannabis online in Canada. Recreational cannabis became legal in Canada on October 17, expanding the country’s legal cannabis market. The use of cannabis for medical reasons had already been legalized in the country.
From its home country of China to India to Brazil, Alibaba (BABA) affiliate Ant Financial has invested hundreds of millions of dollars into other companies in recent months. The investment in Zomato happened at a time when Zomato’s rival Swiggy was said to be in talks to raise as much as $700 million from Tencent (TCEHY) and other investors. Ant Financial has also lined up $100 million to invest in Brazilian card payment processor StoneCo.
Growth stocks have been hammered over the past several months. Overall, this combination of slowing growth and rising costs with the threat of further tightening on the horizon has investors cautious about forward growth projections. When investors get cautious about forward growth projections, they tend to sell growth stocks, which derive most of their value from those forward growth projections.
On November 7, Etsy (ETSY) stock rose 23.7% after its third-quarter earnings announcement on November 6. The company’s third-quarter revenues of $150.4 million and adjusted EPS of $0.15 beat the consensus estimates. On a year-over-year basis, the revenues rose 40.2%. However, the adjusted EPS declined 28.6%. Etsy also announced a $200 million stock buyback authorization.
Shopify (NYSE:SHOP) has recently become controversial as long-term investors battle with short sellers over the business model. Although I believe SHOP’s management will successfully take the necessary steps to make it into an important ecommerce company, I do not think Shopify stock will repeat its past exponential up move in the next few months.
Shopify (NYSE:SHOP), an innovative newcomer to the ecommerce field, has been on a roller coaster in recent weeks, with the Shopify stock price fluctuating between 122 and 163 since Oct. 1. “Solid execution and continued rapid growth drove our strong results in the third quarter,” said Shopify CFO Amy Shapero.
The stock market rout has left no victims, least of all secular growth giant Amazon (NASDAQ:AMZN). Mostly thanks to a rapid slowdown in the e-commerce business, Amazon stock has dropped into bear market territory recently and is having trouble staging a reversal. Eventually, other retailers would pivot en masse to the digital channel, market share would be more evenly distributed and Amazon’s e-commerce growth would slow.
The device, Square Terminal, lets small businesses accept card and mobile payments and print receipts from anywhere. Square is trying to position its Square Terminal device as a versatile replacement for old payment card readers with keypads. The company hopes the new device will drive growth in its hardware division, a small but crucial part of its business. The new payment terminal device comes just a PayPal (PYPL) is also stepping up its competition in the point-of-sale market.
The Canadian e-commerce company tweaked its rules to allow it to bar anyone who uses Shopify to sell items that support groups that it believes condone hate or violence. The move affects Proud Boys, a right-wing group founded by Gavin McInnes, a Canadian writer and co-founder of Vice Media, that was recently kicked off Facebook and Instagram. The Southern Poverty Law Center classifies Proud Boys as a hate group.
NEW YORK, Nov. 02, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.