|Bid||0.00 x 1300|
|Ask||0.00 x 800|
|Day's Range||337.64 - 357.50|
|52 Week Range||117.64 - 409.61|
|Beta (3Y Monthly)||1.26|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 23, 2019 - Oct 28, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||361.92|
With the TSX Index at all-time highs, here are 5 stocks that have already doubled so far in 2019, including Eldorado Gold Corp (TSX:ELD)(NYSE:EGO) whose stock is up already 180% year-to-date.
Growth stocks like Canada Goose Holdings Inc. (TSX:GOOS)(NYSE:GOOS) and Shopify Inc. (TSX:SHOP)(NYSE:SHOP) can provide valuable lessons that help you avoid big losses.
Shopify Inc (TSX:SHOP)(NYSE:SHOP) stock has increased in value 15-fold over the last four years. One gig-economy stock looks to replicate Shopify's success in rapid fashion.
Should you buy Shopify Inc. (TSX:SHOP)(NYSE:SHOP) stock on the dip as it gets obliterated amidst the growth-to-value rotation?
The high valuation of Shopify Inc (TSX:SHOP)(NYSE:SHOP) may have more to do with insider ownership and family connections to wealth than profitability.
Cannabis stocks carry considerable risk. As such, consider stocks such as Shopify Inc (TSX:SHOP)(NYSE:SHOP) for your TFSA instead.
Which is the best bet for wealth creation in 2020? Shopify Inc. (TSX:SHOP)(NYSE:SHOP), Maxar Technologies Inc. (TSX:MAXR)(NYSE:MAXR), or Brookfield Renewable Partners L.P. (TSX:BEP.UN)(NYSE:BEP)?
Shopify (TSX:SHOP)(NYSE:SHOP) wasn't able to get investors excited about its recent acquisition on Tuesday as the stock continues to struggle in September.
Overvalued tech stocks such as Alteryx and Twilio lost market value yesterday. They're also sliding today as investors are wary about valuations and growth.
(Bloomberg) -- Shopify Inc. slid after announcing the purchase of 6 River Systems Inc. even after analysts said the deal would help ramp up its $1 billion plan to set up a network of fulfillment centers in the U.S.The Ottawa-based company disclosed the purchase of 6 River on Monday for $450 million, with 60% of that in cash and the rest in voting shares, according to a statement from both companies. Shopify fell as much as 4.9% in New York to the lowest in a month, extending the stock’s slump for a third day.Waltham, Massachusetts-based 6 River uses robots and software to help fill retailers’ orders in warehouses. In June, Shopify laid out a plan to expand its fulfillment business to help merchants using its e-commerce platform deliver products, similar to Amazon.com Inc.6 River was founded by executives who came from Kiva Systems -- now Amazon Robotics -- and it operates in more than 20 facilities across the U.S., Canada and Europe. It fulfills orders for companies including Lockheed Martin Corp. and Office Depot Inc.The deal, poised to close in the fourth quarter, is expected to increase Shopify’s expenses by about C$25 million ($19 million) in 2019, with no material impact on its revenue for the year.An investor darling in Canada’s ever-growing tech space, Shopify has climbed more than 1,400% since it went public in 2015. It’s among the nation’s best performing stocks this year with a 150% surge.(Updates to include share price move in the first and second paragraphs.)\--With assistance from Kristine Owram.To contact the reporters on this story: Natalie Wong in Toronto at email@example.com;Divya Balji in Toronto at firstname.lastname@example.org;Ryan Vlastelica in New York at email@example.comTo contact the editors responsible for this story: Jacqueline Thorpe at firstname.lastname@example.org, David ScanlanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Shopify's (SHOP) acquisition of 6 River Systems is expected to boost its competitive position in the fulfillment network space dominated by Amazon.
Shopify is acquiring a warehouse tech company, while the fast-food restaurant operator gears up for the morning meal.
OTTAWA — Shopify Inc. says it will buy fulfilment solutions company 6 River Systems Inc. in a US$450 million cash and share deal as it looks to push further into the warehousing and shipping side of online retail.Ottawa-based Shopify says the acquisition will give it access to fulfilment software and robotics, including mobile robots designed to get orders shipped more efficiently from warehouses.Shopify announced in June that it would spend over US$1 billion in the next few years to establish a network of U.S. fulfilment centres, providing its merchants with an alternative to online giant Amazon in the warehousing and shipping sector. The company says it will pay 60 per cent in cash and 40 per cent in Shopify class A subordinate voting shares for the company, including $69 million in shares and options that will vest to 6 River Systems founders and employees based on certain conditions.Tobi Lutke, CEO of Shopify, says in a release that the 6 River System deal gives it access to advanced technology that will bring efficiencies to companies of all sizes.Shopify, which says it has 820,000 merchants as customers, is a technology platform that helps retailers sell merchandise online. Companies in this story: (TSX:SHOP)The Canadian Press
The acquisition will serve to boost efficiencies among Shopify's FulfillmentNetwork service, which launched in June
Shopify Inc. (SHOP)(SHOP.TO), the leading multi-channel commerce platform, today announced that it has reached an agreement to acquire 6 River Systems, Inc., a leading provider of collaborative warehouse fulfillment solutions. In June, Shopify introduced the Shopify Fulfillment Network, a powerful and trusted fulfillment network that will ensure timely deliveries, lower shipping costs, and provide superb customer experience for merchants and their customers. This acquisition is a critical step to accelerate its growth, while 6 River Systems will also continue to build and sell their solution for warehouses.
(Bloomberg) -- Shares of some of this year’s highest-flying software stocks tumbled Monday as investors re-evaluate this year’s rally in light of the premium valuations their rapid revenue growth commands.Data-management software developer Alteryx Inc. plunged as much as 15%, while cybersecurity firm Crowdstrike Holdings Inc. sank 13%. They have been among 2019’s top performers, more than doubling since the start of the year. Both had revenue growth that exceeded 70% in the second quarter and trade at more than 20 times estimated sales, according to data compiled by Bloomberg. The average for the S&P 500 Software Index is about 7 times.Enterprise-software companies have been among the standout gainers in the S&P 500 this year, as investors have been have been willing to pay higher prices for faster revenue expansion amid concerns about slowing global growth. They’ve also been helped by limited China exposure, which has increased their appeal amid the Sino-American trade war. Monday’s slump comes after the broader market retraced almost all of its August losses as trade and economic worries eased.“Most of the names getting hit are high-multiple names that have had impressive run ups,” said Rishi Jaluria, a D.A. Davidson analyst. “This suggests some level of profit taking.”Other notable decliners on Monday include:Fastly Inc. -16%Slack Technologies Inc. -12%MongoDB Inc. -11%Pagerduty Inc. -11%Zoom Video Communications Inc. -9.6%Okta Inc. -11%Twilio Inc. -10%Coupa Software Inc. -11%Trade Desk Inc. -11%Shopify Inc. -7.8%(Adds S&P 500 Software Index average multiple in second pargraph.)To contact the reporter on this story: Jeran Wittenstein in San Francisco at email@example.comTo contact the editors responsible for this story: Catherine Larkin at firstname.lastname@example.org, Richard RichtmyerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Shopify undercut its 50-day line. The e-commerce software leader was among the last big software winners to break support. Long-time holders should likely wait to see if weekly loss/volume very heavy before selling.STOCK MARKET TODAY is sponsored by Interactive Brokers. To open an account, go to ibkr.com/whyib