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Why the Market Dipped But Shopify (SHOP) Gained Today
Zacks Investment Research· 2024-04-17 22:51
Shopify (SHOP) ended the recent trading session at $69.41, demonstrating a +1.03% swing from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily loss of 0.58%. Elsewhere, the Dow lost 0.12%, while the tech-heavy Nasdaq lost 1.15%.Coming into today, shares of the cloud-based commerce company had lost 11.39% in the past month. In that same time, the Computer and Technology sector lost 0.47%, while the S&P 500 lost 1.09%.The investment community will be closely monitorin ...
Is It Time to Buy the Dip in Shopify Stock?
The Motley Fool· 2024-04-16 08:30
Investors have an opportunity to buy the e-commerce infrastructure giant at a discount today.Wall Street isn't as enamored with Shopify (SHOP -2.04%) stock these days. The e-commerce infrastructure specialist jumped over 100% last year, but shares are down 11% in 2024 while the S&P 500 is up by 8%.That weak performance doesn't make much sense considering all the good news the company recently revealed about its operating trends. Let's take a closer look at whether that makes the stock a good buy right now, ...
Shopify (SHOP) Stock Dips While Market Gains: Key Facts
Zacks Investment Research· 2024-04-11 22:51
Shopify (SHOP) ended the recent trading session at $71.57, demonstrating a -0.57% swing from the preceding day's closing price. This change lagged the S&P 500's 0.74% gain on the day. On the other hand, the Dow registered a loss of 0.01%, and the technology-centric Nasdaq increased by 1.68%.Shares of the cloud-based commerce company witnessed a loss of 8.52% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 0.95% and the S&P 500's gain of 0.8%.The inves ...
2 No-Brainer Growth Stocks to Buy Now With $80 and Hold Long-Term
The Motley Fool· 2024-04-08 08:55
Shopify and Uber are affordable stocks that could make patient shareholders richer over the next five years.Investors should strive to find competitively advantaged businesses trading at reasonable prices, especially those with compelling growth prospects. Valuations have undoubtedly become less attractive over the past year, as the S&P 500 (^GSPC 1.11%) has sailed 27% higher. But there are still worthwhile buying opportunities to be found in the market.For instance, Shopify (SHOP 0.63%) and Uber Technologi ...
2 Reasons to Buy Shopify Stock Like There's No Tomorrow
The Motley Fool· 2024-04-07 09:10
Shopify is one of the best growth stocks today, with two sizable competitive advantages.Many growth investors are buying Shopify (SHOP 0.63%) stock hand over fist. It's not hard to see why: Shares have significant long-term upside.The first reason an investment in Shopify can be so lucrative is that the company is a platform business. Platform stocks are some of the most profitable investments you can find.The second reason Shopify stock is that it is just beginning to benefit from artificial intelligence ( ...
2 Stocks to Buy During an April Pullback
The Dog of Wall Street· 2024-04-06 15:28
2 Stocks to Buy During an April PullbackHere are 2 stocks I’d buy during an April pullback. Mike Sakuraba graduated with double major of English and Economics. Part time writer, part time investor, full time dad. Mike loves writing about technology, sports, and investing.2 Stocks to Buy During an April PullbackSo far in April, we’ve seen a noticeable change in the psychology of the market. The Dow Jones has fallen for four consecutive days to begin the second quarter and the S&P 500 fell below its 21 EMA fo ...
Shopify Stock Has 16% Upside, According to 1 Wall Street Analyst
The Motley Fool· 2024-04-06 15:05
The leading e-commerce platform has an expanding number of opportunities to drive growth.Shopify (SHOP 0.63%) has strung together several quarters of at least 20% revenue growth, but there are still catalysts that could lift the stock higher, according to analyst Colin Sebastian at Baird.Sebastian maintained his outperform rating on the shares but raised the price target from $85 to $87 per share. Wall Street's short-term price targets are of little use to long-term investors, but the reasons behind them ca ...
Best Stock to Buy Right Now: Shopify vs. Walmart
The Motley Fool· 2024-04-06 09:30
Core Viewpoint - Shopify and Walmart are now competing for the same customers, with both companies focusing on digital sales channels, making it essential to evaluate which stock is a better buy today [1] Group 1: Walmart's Transformation - Walmart has shifted its strategy to embrace digital sales, investing hundreds of millions into automated shipping and fulfillment centers to compete with online retailers like Amazon [3] - The company's revenue growth rates have rebounded, with net sales increasing by 3.4% last quarter, driven by a 17% rise in e-commerce sales [3] - Walmart operates 10,623 stores, which is over 1,000 fewer than in 2018, indicating a shift from physical expansion to enhancing digital capabilities [2] Group 2: Shopify's Growth - Shopify has maintained a strong focus on e-commerce from its inception, offering a platform that allows merchants to sell online easily, which has led to sales growth exceeding 20% annually [4] - The company commands a 28% share of the U.S. e-commerce platform market, providing a significant growth runway for the future [7] Group 3: Valuation Comparison - Shopify's stock trades at a premium, with a price-to-sales ratio of 14 times, while Walmart trades at just 0.75 times sales [6] - In terms of free cash flow yield, Shopify stands at 0.9%, compared to Walmart's 3.1%, indicating a difference in cash flow generation [6] - Shopify's earnings multiple is significantly higher at 870 times earnings, while Walmart's is 31 times earnings, reflecting the contrasting growth profiles of the two companies [6] Group 4: Investment Considerations - Shopify is seen as a high-growth investment with potential long-term upside, suitable for investors willing to take on more risk [7] - Walmart is viewed as a more conservative investment with stable cash flow and profits, appealing to investors looking for lower risk [7]
Building Wealth Early: 3 Stocks Every Young Investor Should Own
InvestorPlace· 2024-04-05 21:40
Laying a strong financial foundation early in life is crucial when choosing stocks for young investors. Taking advantage of the power of compounding allows even modest investments to grow significantly over extended periods. In other words, small, regular contributions can snowball into a significant nest egg over time. The historical performance of the S&P 500 index, averaging around a 10% annual return with dividends reinvested, exemplifies the wealth-creation potential of equities. Thus, the key is to in ...
1 Growth Stock Down 53% to Buy Right Now
The Motley Fool· 2024-04-03 11:25
Shopify was once one of the market's favorite growth stocks. Shares are a buy after a big correction.Shopify (SHOP -0.09%) stock rarely goes on sale. Since the company went public in 2015, shares have nearly always traded above 15 times sales. At their peak, Shopify shares were priced at an astounding 60 times sales.After a sharp correction, however, Shopify stock now trades at its cheapest valuation in years. Shares are already on the rebound but remain 53% below their previous highs.If you want to buy a t ...