Shopify is scheduled to report earnings on February 10th and it looks likely earnings will soar 1,137% for all of 2020. That's why you have Motley Fool, Zack's and others recommending the stock. The latest event of course was where Affirm a micro banker offers there services through Shopify and as a result Shopify will profit from each transaction. This on top of the 20,000,000 shares that they currently were given warrants to purchase shares at one cent a share that are now quoted at 117.00 making Shopify's investment worth 2,334,000,000.00. Shopify just continues to do things right. While clearly they are working with 6.12 billion in cash, cash equivalents as of September 30th, 2020 Shopify is now up to 8.454 billion as a result of the IPO Affirm not counting earnings this quarter. While Shopify could do an M & A I don't look for that to happen as they have the confidence of building business from the ground up. Look for this expansion to continue in 2021 as they are growing at a pace that even Bezos from Amazon is recognizing as a sales trajectory that is a moon shot!
K
David I do agree with your comment that Shopify will likely go to 2000.00 a share and at this moment it doesn't matter at what price your buying it if it goes to 2000.00.
K
Several sites by the way if you google Shopify is a takeover candidate in 2021 you will see that it is one of the top picks in 2021. The funny thing is that the company apparently sitting back an waiting for that moment is Google. It didn't have a price by the way so you can just use your own imagination to determine what a high growth company like Shopify would fetch. Regardless if Google was to buy Shopify that wouldn't even put a dent into the amount of money they have. The funny thing is though that they have been quiet this whole run up on e-commerce companies. So now that I know that there is a person that posts a lot on this company and I'm going to watch to see what he says. I do know that Cathy Woods of ARK is buying a lot of shares according to him. His name is Tall Seller and he is on Twitter and Seeking Alpha comments whenever there is an article out.
M
"Why Shopify's Tobias Lütke is No. 2 on the 2021 Maclean's Power List The software company's nimbleness and growth during the pandemic has cemented the reputation of its CEO as one of Canada’s foremost business visionaries" By Jason Kirby January 18, 2021
T
Ever since the phenomenal earnings did 0 for the stock price, SHOP did nothing but park our money for 6 months... I remember 6m ago doubting about jumping to MELI (+100%) or TSLA (+180%), but my strong believe in SHOP kept me here. Huge mistake in retrospect. Now that BABA has started its golden breakout, I'm jumping half. - I hope shop will rise soon, but given the past...
q
A new 52 week high today would really make my day!
D
Kenneth - 86% here - right up to date. Says effective as of 12/31/20. Down below they even includes new Jan. 21 filings. Includes Toby. https://fintel.io/so/us/shop
D
Kenneth - Love your continuing comments. One educational point for newer investors: You mention the recommendations from Motley Fool and Zacks. Those firms are great for small investors getting a good view of what's going on, but those firms do NOT (especially Zacks!) move stock prices. Institutions own 80%+ of the shares, and the reports from the research staffs that they pay (plus their own analysts) are what move stock prices. Oppenheimer, Goldman Sachs and KeyBanc are presently among the leading proponents of SHOP.
M
TOLD YOU THOSE CALLS WOULD SOAR SOON! EASY MONEY AS ALWAYS 😎
r
Breaking out today. Let’s see if it can hold the 1200s this time. The day is still young but if we can close above 1200 that is a major blow to the shorts.
K
The new cryptocurrency Diem which is going to launch this month. There are twenty seven members of which Facebook and Shopify are two. In regards to the competition with Bit Coin I believe that Facebook and Shopify have a farther reach in terms of customers than Bit Coin that has twenty seven million. As a result the numbers in terms of competition alone will give these two alone an advantage that Bit Coin can't compete with in terms of numbers. The digital currency is definitely the future as we reach another step towards a cashless society. Should here further details shortly.
r
Once Inauguration Day passes I expect we will continue the rally we started at the beginning of January. SHOP stuck in neutral at the moment but that won’t be the case for long. This coming quarterly report will bring fresh bloodshed to the e commerce shorts. The holiday sales were blockbuster for names like SHOP, ETSY, and AMZN and you can bet those will have a big time positive impact on earnings and revenue. I own all 3 and have big gains that will only continue to grow over the next few years.
K
I just checked and it appears the launch is still on schedule for the cryptocurrency partnership with Shopify and Facebook for January here. The association known as Diem will have it's own cryptocurrency.
r
Every dip without fail has been worth buying. Pain is ahead for the naysayers. I am expecting liftoff sometime in the next 2 weeks.
r
Just have to hold the 1200s for 1 more hour. Go SHOP! I've said before taking back the 1200s with a 1200 close is key for this stock to reestablish its upward trend. I think we will do it unless something dramatic changes in the next hour. Market has only gotten stronger throughout the day.
r
Closed just above 1200! LMAO shorts you still with us?
K
Shopify rising as it's being reported that Affirm IPO is going to be priced at the top of the price range which was 33 to 38 dollars a share. Shopify owns five percent which is going public Wednesday.
J
For some reason, I thought the 20 million shares of Affirmed (AFRM) shares that Shop owns would have translated into a few bucks on the upside for Shopify today. I mean as of this time their investment is worth over 2 billion 6 hundred million dollars.
D
Shop upgraded to Outperform from Perform by Oppenheimer!
r
Cathie Wood and Ark continue to buy more and more SHOP. Bought 29k more on Friday. This should be a clue that you should be doing the same. I already have said before that compared to where it will trade in the future SHOP is at a discount. Those who disagree will be humbled soon enough. Betting against this company for the long haul is like betting you’ll come out in one piece after being sucked through a jet engine. Highly unlikely things will go your way.
The software company's nimbleness and growth during the pandemic has cemented the reputation of its CEO as one of Canada’s foremost business visionaries" By Jason Kirby January 18, 2021