Shopify (SHOP) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this cloud-based commerce company have returned +4.1%, compared to the Zacks S&P 500 composite's +1.6% change. During this period, the Zacks Internet - Services industry, which Shopify falls in, has gained 6.1%. The key question now is: What could be the stock's future dir ...

Shopify (SHOP) closed at $80.32 in the latest trading session, marking a -1.23% move from the prior day. The stock's performance was behind the S&P 500's daily loss of 0.56%. Meanwhile, the Dow experienced a drop of 0.25%, and the technology-dominated Nasdaq saw a decrease of 0.59%.Shares of the cloud-based commerce company witnessed a gain of 3.79% over the previous month, beating the performance of the Computer and Technology sector with its gain of 1.27% and the S&P 500's gain of 1.2%.The investment comm ...

Key PointsShopify has gained 75% since November, with shares continuing to gain this month.In the meantime, they've received four downgrades with plenty of cautious comments. It's looking like the risk-on sentiment is too bullish to hold shares back, and the rally is on until it's not.5 stocks we like better than ShopifyIt's perhaps a sign of the times that we are once again seeing tech stocks defy gravity. With inflation looking increasingly tamed and expectations continuing to rise for a rate cut from the ...

In the dynamic world of stock investing, where the thrill of momentum meets the stability of long-term strategies, there's always a sweet spot for savvy investors. In the spirit of The Fool's market-beating Rule Breakers service, I love to identify underappreciated growth stocks with the resilience of solid management and innovative business strategies.On the hunt for top dogs and first-movers in burgeoning industries, I look for sustainable business advantages such as booming market momentum, patent fortre ...

It isn't uncommon for stock owners to see some fantastic returns throughout their investing careers. That's especially true if you're targeting long holding periods that are measured in decades rather than quarters. Toss in strong annual sales and earnings growth, and you've got the essential ingredients you need to build a retirement portfolio that reaches into the seven figures.Diversification is a key pillar in this process, but you could use some standout winners that deliver an outsize portion of your ...

Shopify (SHOP) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this cloud-based commerce company have returned +6.7%, compared to the Zacks S&P 500 composite's +3.5% change. During this period, the Zacks Internet - Services industry, which Shopify falls in, has gained 2.6%. The key question now is: What could be the stock's future direction?While m ...

Shares of e-commerce software company Shopify (SHOP 2.92%) were up 124.4% in 2023, according to data provided by S&P Global Market Intelligence. This handily outpaced the 24% gain for the S&P 500.Distilling an entire year into a succinct narrative to explain Shopify's outperformance is challenging. However, the chart below shows that some of biggest gains for Shopify stock came in May and November. And this helps investors narrow things down to just the most relevant news. On May 4, Shopify announced that i ...

Shopify (SHOP 4.27%) was one of the market's hottest growth stocks in 2021. The Canadian e-commerce service provider's shares closed at a record high of $169.06 on Nov. 19 that year at the apex of the buying frenzy in growth and meme stocks.But today, Shopify trades 56% lower at about $75 a share. The bulls retreated as its growth cooled off, its margin shrank, and rising rates compressed its valuations. Yet despite all of those challenges, it might be a great buy for four simple reasons. 1. It's still prim ...

The Federal Reserve began raising its benchmark interest rate in March 2022. Policymakers pushed that rate higher at its fastest pace since the early 1980s in an effort to bring inflation back to its 2% target. They have nearly hit that mark. The inflation reading was 3.1% in November 2023, a significant slowdown from 9.1% in June 2022.Given that progress, the Fed held rates steady at the last three meetings, and officials have signaled an end to the rate hike cycle this year. In fact, the latest projection ...

Shopify's (SHOP -5.22%) platform has been a go-to for merchants looking to set up an online storefront to expand their e-commerce presence. While online retail spending slowed significantly in 2022 as consumer spending dried up amid rising inflation, Shopify bounced back strong in 2023. Higher revenue growth pushed the stock up 124% for that year.That said, Shopify's improving financial results led to the stock trading at an expensive valuation of 14 times trailing revenue. The company will have to execute ...