374.00 +0.92 (0.25%)
Pre-Market: 7:31AM EST
|Bid||0.00 x 900|
|Ask||375.00 x 1800|
|Day's Range||365.51 - 374.50|
|52 Week Range||117.64 - 409.61|
|Beta (3Y Monthly)||1.17|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb. 10, 2020 - Feb. 14, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||361.58|
E-commerce software stock Shopify is one of the biggest growth names of 2019, more than doubling in price. Here's a look at how investors can play Shopify and why this stock could still have more room to run next year.
Shopify closed just above an area of resistance on Tuesday and followed up with even more gains today. Has the look of a double bottom but the middle of the W was a little lower than we normally see. Still offered a buy point at 349.54. Remarkable that it was up so much Tuesday when most things were down, like Coupa Software rebound mentioned yesterday. It released bullish holiday season e-commerce sales data showing that its merchant customers worldwide saw a 60% increase in sales during Black Friday and Cyber Monday. Shopify sets up e-commerce websites for small businesses. Definetly check out the story by Reinhardt Krause.
If investors make this TFSA mistake it could make them miss out on the kind of huge gains we have seen from Shopify Inc. (TSX:SHOP)(NYSE:SHOP) in 2019.
If you want to turn $5,000 into $30,000, you need to understand the factors that cause money to compound. Only then can you double, triple, or even quadruple your nest egg.
(Bloomberg) -- OMERS Ventures, the venture capital wing of the Canadian pension plan, has hired former Uber Technologies Inc. executive Jambu Palaniappan to become a managing partner in its London office.Palaniappan spent nearly six years at Uber, most recently leading the expansion of Uber Eats in Europe, the Middle East and Africa, according to his LinkedIn page, and recently joined the board of Just Eat Plc. After an intense few years at the Silicon Valley startup, Palaniappan said he moved to London and began mentoring startups as he decided what to do next.The Ontario Municipal Employees Retirement System expanded its venture capital operations into Europe this year, setting up a 300 million-euro ($332 million) fund for early stage European technology companies. It’s part of a global expansion strategy for the Toronto-based pension giant and the firm opened a Silicon Valley office earlier in the year.“This isn’t about making rich people richer. This is about helping to build a retirement plan and provide access to venture returns to a larger group of people,” Palaniappan said in an interview. OMERS Ventures was started in 2011 in response to a dearth of startup funding in Canada following the last recession. It’s known for being among the first to invest in a resurgent wave of Canadian tech startups, including Shopify Inc., Hootsuite Inc. and Hopper Inc. The fund has invested more than 76 million euros in Europe so far in companies including WeFox, Resi, FirstVet, and Quorso.Investments in European tech companies are surging, helped by an influx of venture capital from North America and Asia, according to a report from Atomico last month. European tech companies are set to raise a record $34.3 billion in 2019, up from $24.6 billion last year. About $10 billion of that is coming from North America, up 72% from last year.OMERS’s European fund is led by Harry Briggs, who was previously a principal at Balderton Capital and founding partner at BGF Ventures. It also hired Turo Inc. co-founder and former LocalGlobe partner Tara Reeves this year.(Updates with commnets from Palaniappan in fourth paragraph.)To contact the reporter on this story: Amy Thomson in London at email@example.comTo contact the editor responsible for this story: Giles Turner at firstname.lastname@example.orgFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Shopify (TSX:SHOP)(NYSE:SHOP) stock maintains its strong performance record, but returns trailed these two unknown tech names so far this month.
Shopify (TSX:SHOP)(NASDAQ: SHOP) stock has surged on account of holiday sales. It might be time to take some profits off the table.
It is less likely that Santa alone will drive Wall Street this season as trade tensions persist. Overall, these ETF investing trends should stay strong.
(Bloomberg) -- Shopify CEO Tobias Lutke isn’t letting musings by CNBC’s Jim Cramer distract him from playing video games on his day off from work.Lutke on Wednesday was seen playing Activision Blizzard Inc.’s “Starcraft II” on the Twitch video game streaming platform. And earlier, CNBC’s Cramer said that at least two companies in Silicon Valley with market capitalization’s above $70 billion are interested in acquiring the Canadian e-commerce company. Cramer said he didn’t expect the company would entertain any offers because it wants to remain independent.Investors may be at peace with the CEO spending some time away from the company after Shopify shares gained 159% year-to-date, outperforming the S&P/Toronto Stock Exchange Composite Index’s 18% gain. Today alone the stock climbed as much as 7.5% and is up ~21-fold since its May 2015 initial public offering.He wasn’t completely disconnected, however. Lutke responded to questions from fellow gamers as well as some Shopify employees on the Twitch broadcast. About 2,000 people have viewed the Twitch streaming feed today.Lutke didn’t respond to Bloomberg News request for comment on the Twitch platform, while other Shopify representatives didn’t immediately respond to inquiries.\--With assistance from Kamaron Leach and Sebastian Tong.To contact the reporter on this story: Joshua Fineman in New York at email@example.comTo contact the editors responsible for this story: Catherine Larkin at firstname.lastname@example.org, Scott Schnipper, Brad OlesenFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Back in February, we wrote that Postscript "wants to be the Mailchimp for SMS." Now they've raised $4.5 million to help get it done. This round was led by Accomplice, and backed by Kayak co-founder Paul English, Wufoo co-founder Kevin Hale, Klaviyo co-founder Andrew Bialecki, Drift co-founder Elias Torres, Front co-founder Mathilde Collin and Podium co-founders Eric Rea and Dennis Steele. The Postscript team is currently made up of 14 people.
With popular social networks seeing some downtime, most shops closed, and many people off work for Thanksgiving, bargain hunters flocked online to start their holiday shopping. Sales for the day totalled $4.2 billion, according to research from Adobe Analytics. Smartphones and tablets continue to figure strong for both browsing and conversions: 45% of all sales happened on mobile for the day, said Adobe, a 24.4% increase on last year's figure of 33.5%.
(Bloomberg Opinion) -- One of the world’s most successful stock pickers showed no sign of losing his touch this year after consistently beating the benchmarks since 2009. What’s changed for him, though, are the countries where he focuses his investment strategy in a disordered world poised for future disarray.Noah Blackstein's Dynamic Power Global Growth Fund returned 307% during the past decade, more than double the MSCI World Equity Index among 1,000 major mutual funds worth at least $200 million. The U.S. and China, the two biggest economies, dominated his results until recently.But his latest choices mark an unprecedented turn in Dynamic Power's composition and coincide with President Donald Trump's threatened and imposed tariffs on goods and services from China, the European Union, Mexico and Canada. The U.S. and China, which accounted for almost 90% of Dynamic Power at the beginning of 2015, represent just 26% of its assets this year with only Hangzhou-based Alibaba left as a 3% China holding. Argentina, the most risky and least creditworthy of 65 nations in market data compiled by Bloomberg, is No. 2 behind the U.S., with 13% of the Dynamic Power portfolio.During the past three years, when the world's gross domestic product increased 14% and GDP for China and the U.S. gained 24% and 12%, respectively, global trade declined for the first time since 1969, according to data compiled by Bloomberg. As global exports diminished, China's five-year rolling average of exports increased 8% to $2.4 trillion. U.S. exports were little changed at $1.5 trillion.Throughout the past four years, when benchmarks for the Group of Seven countries plus China returned (income plus appreciation) 44% on average, Blackstein's fund was still ahead with a 47% return. The U.S. remains the best performer for the period at 66%, followed by Canada, 52%, France, 41%, Italy, 38%, the U.K., 35%, Germany, 33% and Japan, 18%. China was least lucrative at 8?%, according to data compiled by Bloomberg.The shifts weren’t meant to yield a short-term payoff, and Dynamic Power’s 2019 performance was about average among its peers, with a total return of 24% so far.Unlike many of his peers, Blackstein decides what to buy and sell solely on the prospects of roughly two-dozen companies he chooses. He doesn’t focus on geography, just corporate growth potential. Yet his latest investments show that he now sees the greatest opportunity in Japan (9.88% of his holdings), Israel (9.51%), Canada (9.01%), Brazil (7.03%), Singapore (5.97%), Russia (4.02%), New Zealand (4.01%) and the Netherlands (3.81%) among his top 10 picks led by the U.S. and Argentina, according to data compiled by Bloomberg.“I'm not a top-down person; I'm not a macro person,” Blackstein said in an interview earlier this month. “The only way I've made money” since Dynamic Power began in 2001 “has been focusing on the companies that can be substantially larger wherever they reside. For sure, over the last decade the biggest winners have been in the U.S. and China. But the allocation of the fund really comes from the bottom up and I think there are a lot of interesting things going on around the world in Asia, the U.S. and South America.”He jettisoned most of his Chinese investments when it became apparent that a “regulatory crackdown last year in China was severe and significant in a whole host of industries,” including “pharmaceuticals, after-school education, internet advertising, videos and changes in fintech laws,” he said. “I think a lot of people attribute weakness there to the trade war. But from my perspective, a lot of what went wrong with a lot of companies there was sort of played out on the regulatory side.”Right now, Blackstein's favorite holdings are PagSeguro Digital Ltd., the Brazil-based provider of digital-payment systems (8.43%); Newtown, Pennsylvania-based EPAM Systems, Inc. a software developer (6.601%); Ottawa-based Shopify Inc., a cloud-based commerce platform (6.31%); MercadoLibre, the Buenos Aires-based online trading site (5.83%) and Singapore's Sea Limited, which provides personal computer and mobile content platforms (5.81%).“The opportunities, whether they're in the U.S., Asia or South America, have a lot to do with re-platforming technology and the digital transformation of enterprises, or what we're seeing in health care, new medicines, combination therapies, new medical devices and emerging retailers,” Blackstein said.“Am I having trouble finding companies to invest in? I'm not.”\--With assistance from Shin Pei.To contact the author of this story: Matthew A. Winkler at email@example.comTo contact the editor responsible for this story: Jonathan Landman at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Matthew A. Winkler is Co-founder of Bloomberg News (1990) and Editor-in-Chief Emeritus; Bloomberg Opinion Columnist since 2015; Co-founder of Bloomberg Business Journalism Diversity Program in 2017. During his 25 years as Editor-in-Chief, Bloomberg News was a three-time finalist and winner of the Pulitzer Prize for Explanatory Reporting and received numerous George Polk, Gerald Loeb, Overseas Press Club and Society of Professional Journalists and Editors (Sabew) awards.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Investing in a top tech stock like Shopify Inc (TSX:SHOP)(NYSE:SHOP) can help accelerate your TFSA's growth over the years.
While Shopify Inc. (TSX:SHOP)(NYSE:SHOP) stock winds down, it may be time to look to another hyper-growth contender if you're looking for Canada's next big multi-bagger.
Shopify Inc. (TSX:SHOP)(NYSE:SHOP) and Namaste Technologies Inc. (TSXV:N) are two stocks operating in the e-commerce space that have slipped in recent months.