Thinking run up into earnings starts today. best time to get in momentum stocks is after large drop from little substance
Shopify reports 3Q loss OTTAWA, Ontario (AP) _ Shopify Inc. (SHOP) on Tuesday reported a loss of $9.4 million in its third quarter. The Ottawa, Ontario-based company said it had a loss of 9 cents per share. Earnings, adjusted for stock option expense, came to 5 cents per share. The results beat Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share. The cloud-based commerce company posted revenue of $171.5 million in the period, which also topped Street forecasts. Ten analysts surveyed by Zacks expected $166 million. For the current quarter ending in December, Shopify said it expects revenue in the range of $206 million to $208 million. The company expects full-year revenue in the range of $656 million to $658 million. Shopify shares have more than doubled since the beginning of the year. The stock has more than doubled in the last 12 months. This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SHOP at https://www.zacks.com/ap/SHOP
Today is the last day of double digit price of SHOP. Welcome triple digit for good. Years later, this will be 4-digit stock.
Basically a AVP or HLF company that gets the multiple(valuation) of CRM..... it sounds like a 40 dollar stocks to me.
The ones that held on will be rewarded. The market is a tool for transferring wealth from the impatient to the patient.
Own Shopify stock now before it reaches that 50-day moving average and really starts to take off resuming its uptrend.
Looks like a nice little wedge forming on this one. If it can dip a bit to support level (white line), which just so happens to line up with the lower BB and the 200MA right now, that would indicate a decent support leve to take a shot at in my opinion. That support could help it break the wedge to the positive side, since it will break one way or another as it is.
$SHOP Citron loves when the WSJ validates our research. How long will $FB tolerate this BS?? $SHOP hyper growth built on "get rich" affinity scam marketing that HURTS consumers. https://twitter.com/CitronResearch/status/998574372972515328
Starting to show signs of exhaustion. Pegged the previous high $175~ at todays open and has since reversed coursed with little buying response. Possible double top formation in play. If it breaks below $164.59 at any point in August, there is a targeted move to be had down to $150~ into September and/or October (or sooner depending on price levels breached). It takes a lot of capital commitment to sustain momentum trades, but little to break trend and eliminate the momentum. The stock is not cheap selling at an obscene P/S ratio similar to what a FEYE sold for back in 2014, but clearly growth trumps anything else as with any other growth stock. Andrew Left is (or was) short this at around $115 so he may speed up or halt the decline depending on the size of his position and how he chooses to cover. I have no opinion on the company because I really don't understand its business model, but technically we are beginning to see the signs of a top. This just comes to show not everything in this market is geared for an uptick. More importantly, it shows the market still has plenty of individual names and sectors to work through before and if there a resumption of the uptrend in the broader market.
Do these guys help businesses setup a shop via Facebook, or do they help businesses run their own separate domains?
It seems so, but honestly I have no idea. Its a low margin business. Once growth runs out, it's hard for the company to sustain its valuation. I what interlacing SHOP to similar set-ups of the past, and a name that came coming back time again was AMBA (on the monthly). Both had strong rejections off the highs on similar runs. I am not expecting a waterfall decline in SHOP as was seen in AMBA since it has yet to confirm a short term top with a break below $164.69), but I'd certainly would not be a buyer of the stock.
New 52wk highs again! (Bloomberg) -- Shopify Inc. jumped the most this year after another strong earnings report, extending a rally that has made it one of Canada’s best-performing stocks. The online retailer rose as much as 9.9 percent in Toronto. The shares have now more than doubled since Christmas Eve, the best performance on the benchmark S&P/TSX Composite Index after pot stock Hexo Corp. Shopify’s gains are also bigger than any stock in the S&P 500 Index over that time.
