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Shopify

Shopify, this isn't going to end wellThis weekly candle might be the most ridiculous thing I've ever seen. I don't need to provide any commentary, but I will :) Market cap of $54B & revenue of $500M (that makes sense) Net income == rounding error Horribly opaque about drop shippers, users, and platform data Trading at a forward P/E of 3,300 No real debt on the books, a positive, but the only one I can see People are always looking to find the canary in the coal mine when it's about to hit the fan. I thought it was the ultimate meme stock TSLA, but it could just as easily be this stupidity. I certainly don't profess to know how high this will run, but the fall is going to be something to see. No position yet, that will be changing in the near future, possibly by 9:45a on Monday.
NYSE:SHOPShort
by DogEars
SHOPIFY and Momentum Stocks MIGHT Fall 20-25% before MayMany of those who have been following me have noticed my consistency and accuracy regarding Gold and Silver. Currently, we have seen Gold break-out and this will continue; Silver is only a week or less behind with a parabolic move on its way. The question now must be asked: with Gold and Silver inevitably gearing up for a big move to the upside, can equities, particularly momentum stocks really continue to go up? In contingency with falling US yields and a rising DXY in my opinion the answer is no and we may-be gearing up for a sell-off with some bounces to the upside along the way, in March and at-least some of April. I do not believe this would mark the end of the bull-run, but likely provide a 7-10% correction for the broader market, and roughly a 20-25% decline for momentum stocks such as Shopify, AMD, Nvidia, and many others that have led the entire market forward. For many momentum stocks, Gann angles are getting far too steep. Interestingly enough, many of these momentum stocks sold off on Friday at double to triple the average volume, and 2-3x the amplification relative to the broader market. Watch carefully over the course of the next few weeks and see if this idea pans-out. Moreover, we must see how equities react to the coronavirus, as well as, if equities can actually continue to surge higher (or bounce back). Should we be near a correction, look for a buying opportunity in late April or early May. From here I see healthy market gains throughout the Spring and Summer before a likely fall near the US election, and then potentially an end to the bull market sometime in Q1 or Q2 of 2021 which would likely be the timing of the SPX hitting near 4000. - zSplit
NYSE:SHOP
by PaulDeep19131
SHOPIFY: Earnings Come in Historic; Stock Blasts-offShopify earnings were released today (Feb 12) around 8:30 PM EST and came in massive. EPS, revenue, growth, earnings and profit came in at historic levels and drastically beat expectations. This is a company that is ran by one of the top CEOs with incredible vision and Shopify continues to surprise quarter after quarter - year after year - and continues to win against Amazon against this similar and specific service. Shopify has surged on the US side pre-market and it appears it will trade around 750 (CAD) or more today with no sign of letting up. Shopify continues to show signs of a large turnaround similar to Tesla where everyone discounted the name and now that the company has become profitable, the stock could rocket to levels over 1000 in the next 12 months or so. This is certainly a company you want in your portfolio especially as online shopping is the 'way of the future' as retail stores become antiquated. You can play it directly with the stock or purchase ETF: XIT which plays mostly the top 10 Canadian technology companies. In this etf by BlackRock, Shopify represents a nice and juicy 30%+ by weight. 2020 Year End Target: $850-900 (Canadian Dollars). - zSplit
TSX:SHOPLong
by PaulDeep19131
SHOP before Earnings2H: (bullish) SHOP to release earnings data before open today. If you're already invested or still plan to invest, here's what you need to know. – stock is above all MAs (bullish) – RSI can boast a higher high and double-bottom (bullish) – MACD is neutral to bearish – SAR is below 'daily' 20MA (bullish) There are no technical mistakes in the prior 3 major patterns. The main multi-year channel is 'monthly' averaged with step-line over log . Within said channel, the stock maneuvered perfectly thus far and is expected to continue to do so. Considering the endless run-up since 2017, and the numerous bull-signals that suggest another minor jump-up, the "steam" is likely to run out soon (as MACD and RSI suggest). 8 out of 10 major indicators are bullish, 1 neutral 1 bearish. Options pricing suggest a 30-40 point move either way (37 calculated). If it jumps up, there is somewhat a chance for a sell-off back to current levels. Also keep in mind that markets are expected to correct sometime this year. Important: Note that if the stock fails to touch or cross the upper channel trend-line, it will be forced to touch the lower (later down the road). RSI:
NYSE:SHOP
by UnknownUnicorn5323213
3
SHOPIFY- land gracefully and REFUEL for more HIGH-FLYING ACTWho doesn't like the high-flying act? Sometimes, the proper rest is needed in order to soar even higher. Shopify needs a deep pullback in order to draw in more trigger-scary investors who wait on the sideline. Such parabolic movement is not sustainable with RSI hovers above 70 since early 2017 on the monthly timeframe. Only one red bar in the last 14 monthly bars... It needs to cool down a bit. For positional and long-term traders, check my pro & con list below. Give me a like and follow me if you find my analysis useful. Much appreciated :D Pro- Strong CAGR Dominate the e-commerce platform market by capturing the 31% market share Growing gross merchandise volume- The value of all products sold by merchants on Shopify’s platform Growing gross payment value through Shopify payment, creating an more integrated platform Strengthened the Shopify fulfillment network with the acquisition of fulfillment automation company Con- Square partners up with UPS Overvalued according to financial metrics (EV/EBITDA, P/S, P/E) High burn rate that prioritizes growth over profitability (Weak EPS) Negative free cash flow despite not heavily invest in R&D
NYSE:SHOP
by Libratus
2
SHOPIFY: Should Hit $650 (CAD) this YearDespite some headwinds that we are facing with the US and Iran, this will be short-term noise for a healthy 5% or so pullback (not necessarily all in consecutive days), but mostly in January before we turn the tide. In the longer-term this will have little impact to the sentiment of the market, but instead, will allow defense stocks, energy stocks (including oil) and precious metals to surge strong this year. As I have been saying for the past 6 months, look for big moves in oil/energy and precious metal stocks. It will take 1 or 2 months of elevated oil prices to see significant moves in the energy sector, but its coming. Be patient! Despite so much cheap money in the market - I don't want to be - but I am very bullish on certain tech stocks this year. I am expecting the following for some big names such as Facebook, Google, Apple, Microsoft, AMD, Netflix, Tesla, Baba, Bidu and Amazon. Facebook could be one of the dark-horses this year, and a 40-50% gain is not out-of-the-question. Shopify will continue to break-out after its fallen descending triangle and eventually break-out to run to 650 or more by year-end. Remember: don't invest based on what you want to happen; invest on what you believe will happen. - zSplit
TSX:SHOPLong
by PaulDeep19131