Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...

Recommendations - Barclays raised the price target for Snowflake by $30, reflecting positive outlook and performance [1] - Nvidia's price target was increased by $15, indicating strong market confidence [1] - BellRing Brands saw its price target raised by $5, suggesting improved expectations [2] - CIBC's price target was raised by C$8, highlighting favorable market conditions [3] - Bank of Montreal's price target increased by C$17, reflecting strong financial performance [3] - WTW's price target was raised by $24, indicating positive growth prospects [3] - Ryan Specialty's price target increased by $12, suggesting a strong market position [4] - Marsh McLennan's price target raised by $10, reflecting confidence in its business model [4] - Brown & Brown's price target was increased by $11, indicating positive market sentiment [4] Earnings - Baidu reported Q3 EPS of RMB 16.60, down from RMB 20.40 last year, indicating a decline in earnings [2]

Core Viewpoint - Shopify has reported strong earnings for the third quarter, leading to a stock rally and reaching a new 52-week high, with expectations for continued growth in the current quarter [1]. Group 1: Financial Performance - Shopify's revenue for the period ending September 30 totaled $2.2 billion, reflecting a year-over-year growth of 26% [4]. - Excluding its logistics business, Shopify has achieved over 25% revenue growth for six consecutive quarters [4]. - The company projects that its revenue growth rate will remain in the mid- to high 20s range for the last quarter of the year [4]. Group 2: Stock Valuation and Market Position - Shopify's stock is currently trading at close to 100 times its trailing earnings and 75 times next year's profits based on analyst expectations, indicating a rich valuation [6]. - The stock has not reached its peak since early 2022, when it hit a closing price of $169.06, requiring a 60% increase to return to that level [5]. - The price/earnings-to-growth (PEG) ratio stands at 1.1, suggesting that Shopify could be a good long-term investment for those willing to hold for several years [9]. Group 3: Growth Potential and Market Reach - Shopify has significant growth potential, operating in over 175 countries and assisting businesses in expanding their operations [10]. - While the stock may not reach its all-time high soon, it remains a strong growth stock for long-term investment [10]. - Investors are advised to temper their expectations due to current economic conditions, despite the company's broad market reach and growth opportunities [10].

Shopify (SHOP -0.73%) stock may have finally positioned itself for a full recovery. A solid third-quarter earnings report on Nov. 12 sent the softoware-as-a-service stock to its highest point since early 2022. Although it is still 38% below its 2021 high as of the time of this writing, the 21% gain in the trading session following the report shows a change in sentiment.This is arguably the most consequential e-commerce stock in North America, next to Amazon (AMZN -1.41%). For now, Amazon remains a far large ...

Market Overview - The post-election rally that previously boosted stocks across various market capitalizations paused, with the overall index slipping 1.5% this past week [1] - Eight of the eleven market pillars experienced losses, contributing to the broader market decline [1] Shopify Performance - Shopify's stock surged by 24.3%, despite the Shop segment declining by 5.1% [2] - The company reported a 26% increase in revenue for Q3, reaching $2.2 billion, while gross merchandise volume (GMV) rose 24% to $69.7 billion [3] Vroom Bankruptcy - Vroom's shares plummeted by 41% following its Chapter 11 bankruptcy filing, with plans to operate as a "debtor-in-possession" [4] - The CEO stated the focus is on maximizing the value of remaining assets after winding down the eCommerce used automotive dealer business [5] - The company aims to eliminate unsecured notes to strengthen its balance sheet and emerge without long-term debt [6] Affirm and Visa Collaboration - Affirm's stock gained 20%, and Visa's increased by 0.6%, helping the Pay and Be Paid segment rise by 1.8% [7] - The Visa Flexible Credential (VFC) is being rolled out in the U.S. in collaboration with Affirm, allowing consumers to pay over time for transactions [8] Disney and Spotify Growth - Disney's stock jumped by 15.9%, with Q4 revenues of $22.6 billion exceeding consensus forecasts and showing a 6% increase year-over-year [10] - Spotify shares rose by 14.5%, with monthly active users increasing by 11% to 640 million and total revenue growing by 19% to €4 billion ($4.2 billion) [11]

Shopify Inc. (NYSE: SHOP) has cemented its position as a leader in the e-commerce sector. Currently trading at $108.49, Shopify’s stock has surged by 22% in the past five days and is up an impressive 46% year-to-date (YTD). While the stock has delivered an outstanding 85% over the last six months, questions linger about its ability to sustain this growth as 2024 comes to a close. Shopify one-month stock price. Source: Google FinanceTo gain clarity on the stock’s future trajectory, Finbold consulted OpenAI’s ...

The e-commerce software company is living up to all the hype -- and then some.Are you looking for a new stock pick to capitalize on the market's newfound strength? Consider stepping into a stake in Shopify (SHOP -0.54%). It's a right place/right time kind of prospect... something all investors were reminded of Tuesday. Fortunately, it's not too late to jump in.What's Shopify?On the off-chance you're reading this and don't know, Shopify helps businesses of all sizes establish and operate an e-commerce presen ...

Core Insights - Shopify Inc. reported better than expected third fiscal quarter results, indicating strong performance in its core e-commerce market for online stores [1] Financial Performance - The company exceeded top line estimates, showcasing effective execution in its business strategy [1]

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, the task of finding cutting-edge growth stocks is made easy with the help of the Z ...

Core Viewpoint - The article discusses the reliability of brokerage recommendations, particularly focusing on Shopify (SHOP), and suggests that while the average brokerage recommendation indicates a positive outlook, investors should be cautious and validate these recommendations with other tools like the Zacks Rank [1][3][6]. Brokerage Recommendations - Shopify has an average brokerage recommendation (ABR) of 1.84, which is between Strong Buy and Buy, based on recommendations from 44 brokerage firms [2]. - Out of the 44 recommendations, 25 are Strong Buy and one is Buy, accounting for 56.8% and 2.3% of all recommendations respectively [2]. Limitations of Brokerage Recommendations - Relying solely on brokerage recommendations may not be advisable, as studies indicate they often fail to guide investors effectively towards stocks with high potential for price appreciation [3][4]. - Analysts from brokerage firms tend to exhibit a strong positive bias in their ratings due to vested interests, leading to a disproportionate number of Strong Buy recommendations compared to Strong Sell [4][8]. Zacks Rank as an Alternative - The Zacks Rank, a proprietary stock rating tool, categorizes stocks from Strong Buy to Strong Sell and is based on earnings estimate revisions, making it a more reliable indicator of near-term stock performance [6][9]. - The Zacks Rank is updated more frequently than the ABR, reflecting changes in earnings estimates promptly, which can provide timely insights into future price movements [10]. Current Earnings Outlook for Shopify - The Zacks Consensus Estimate for Shopify's current year earnings has increased by 1.6% over the past month to $1.14, indicating growing analyst optimism [11]. - This increase in consensus estimates has contributed to a Zacks Rank of 2 (Buy) for Shopify, suggesting a favorable investment outlook [12].