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Today’s Research Reports on Stocks to Watch: Salesforce and Shopify

ACCESSWIRE

NEW YORK, NY / ACCESSWIRE / November 20, 2018 / Salesforce.com and Shopify Inc. were among the tech stocks diving down on Monday as the space saw a big sell off on trade war concerns and other factors.

The Market Edge Initiates Coverage on:

salesforce.com, inc.
https://marketedgereport.com/report/CRM/

Shopify Inc.
https://marketedgereport.com/report/SHOP/

salesforce.com, inc. shares were down 8.71% on Monday with nearly 14.3 million shares traded. The cloud communications company fell along with other tech stocks in Monday's sell off. On a brighter note, Zev Fima, a research analyst for Jim Cramer's Action Alerts Plus portfolio, which owns the company, remarked, "Salesforce.com's extensive suite of products enables its clients to gain a 360-degree view of its customers, and this is a crucial aspect that is a must-have to survive in this business world," Fima said. "This gives us confidence that the weakness we are seeing is temporary, because simply put, the world is becoming more digitized -- the 'Fourth Industrial Revolution' so to speak -- and Salesforce is the company teaching other companies how to put the data they are collecting to use in a way that is accretive to the bottom line."

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Access The Market Edge’s salesforce.com, inc. Research Report at:
https://marketedgereport.com/report/CRM/

Shopify Inc. shares were down 11.44% on about 2.2 million shares traded yesterday. The cloud-based e-commerce facilitator was deep in the red despite any bad news reported. 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. It was at the end of last month that Macquarie gave Shopify shares a $185.00 price target with a "buy" rating. Rosenblatt Securities began coverage on the company in September and reiterated its "buy" rating at the end of October setting a price target of $190.00 on the stock. Wedbush began coverage on Shopify in September as well with an "outperform" rating and a $177 price target.

Access The Market Edge’s Shopify Inc. Research Report at:
https://marketedgereport.com/report/SHOP/

Our Actionable Research on salesforce.com, inc. (NYSE: CRM) and Shopify Inc. (NYSE: SHOP) can be downloaded free of charge at The Market Edge.

The Market Edge

We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.

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Disclaimer: This article is written by an independent contributor of MarketEdgeReport.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. MarketEdgeReport.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.marketedgereport.com/disclaimer.

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SOURCE: MarketEdgeReport