Shopify Plunges 19%: Will You Buy the Dip Under $60?

Shopify plunged 19% after the e-commerce company beat on the top and bottom line, but it gave downbeat guidance for the second quarter. ----------------- Is the plunge over or not? At what price would you bottom Shopify?

avatarJacksNiffler
05-09

Why Growth Stocks tumbles a lot?

After the big tech companies report, it's the turn of a large number of growth stocks to be tested. Coinciding with the Treasury bond auction, market liquidity is also suppressed, the overall tone is "difficult to rise and easy to fall".Unless earnings are impeccable and investors with pricing power trade aggressively, the post-earnings rally is likely to be sustained. Otherwise, if one factor upsets the market, a plunge is possible.Typical factors include concerns about increased competition, fully price-in , and disappointment at lower guidance.Shopify - Increased Competition and Downward Growth $Shopify(SHOP)$ Q1 results beat expectations, with revenue up 23% year-over-year and gross margin expanding to 51.4%, but Q2 will be down about 50 bps,
2Reply
Why Growth Stocks tumbles a lot?
avatarTigerOptions
05-09

Why is Shopify a Bullish Swing Trade Opportunity

$Shopify(SHOP)$’s latest earnings report offered a mixed bag, leaving investors scratching their heads. While the company exceeded analyst expectations on both EPS and revenue, their outlook for Q2 sent the stock price tumbling. Here's my take on the situation and why I see a potential swing trade opportunity. Let's not forget the positive aspects. Shopify surpassed analyst estimates for both earnings per share and revenue, a clear sign of continued growth. Additionally, Gross Merchandise Volume (GMV), a key indicator of platform activity, grew by a healthy 23%. This suggests that businesses using Shopify are actively selling and generating revenue. These are solid foundations for a healthy company. The weak guidance for Q2 is certainly a cause fo
31
Why is Shopify a Bullish Swing Trade Opportunity
avatarN30
05-15
$Shopify(SHOP)$  I am in for long term. Here's why I'm bullish on Shopify: (1) One-stop shop for e-commerce: Shopify offers a comprehensive suite of tools that handle everything from setting up an online store to managing payments, shipping, and marketing. This eliminates the need for small businesses to cobble together solutions from different vendors, saving them time and money. (2) Disrupting traditional hosting: Shopify's cloud-based platform is easy to use and requires no technical expertise. This makes it a compelling alternative to traditional hosting companies, which can be complex and expensive for small businesses. (3) Empowering non-technical founders: With Shopify, entrepreneurs don't need to hire co
65
avatarN30
05-22
$Shopify(SHOP)$ Goldman Sachs upgrades Shopify, citing its strong technological edge in e-commerce software. It's an all-in-one commerce platform that empowers businesses of all sizes to set up, manage, and grow their online stores. It provides a user-friendly interface, a vast app store for customization, and scalability to accommodate business growth. 🚀 Good time to buy and hold. @Daily_Discussion  @TigerEvents  @黑豹钻石拳  
32
avatarTrend_Radar
05-09

$SHOP Sunk, Will You Follow Cathie Wood $ARKF to Buy the Dip?

The $Shopify Inc(SHOP)$ crashed today after it lost $270 million in the first quarterShares down 20%Market cap down $20 billionGains from the last 12 months wiped out Since peaking in November 2021 shares are down 63%ImageHowever, Cathie Wood and Ark Invest $ARK Fintech Innovation ETF(ARKF)$ bought over 482K shares of $Shopify Inc(SHOP)$ today.ImageThe ratings for $Shopify(SHOP)$ from tipranks are moderate buy and with an average targets to $83.07(an 32.42% increase)Are you buying the $Shopify(SHOP)$ dip?Technicallly, seems $ARK Fintech Inn
41
$SHOP Sunk, Will You Follow Cathie Wood $ARKF to Buy the Dip?
avatarTiger V
05-11
$Shopify(SHOP)$  The recent plunge in Shopify shares raises questions about the company's resilience amidst global economic challenges. While the first-quarter results exceeded expectations, concerns over slowing revenue growth and increased competition cast a shadow on its future prospects. Shopify's ability to navigate through shaky consumer spending and rising competition from discount retailers like Temu and Shein remains uncertain. With CFO Jeff Hoffmeister's acknowledgment of softer spending in Europe and the impact of a stronger U.S. dollar, investors are understandably cautious. However, Shopify's strong presence among both small businesses and established brands like Kylie Cosmetics and Allbirds underscores
RepostReply
avatarCYberviRus
05-08
$Shopify(SHOP)$  reported a surprise loss in its fiscal first quarter financial report. Shopify's adjusted earnings, which excludes the  one-time expenses, beat estimates however, posted a loss of 21 cents per share, while analysts had expected the company to post earnings of 9 cents once those charges are included. $Rivian Automotive, Inc.(RIVN)$  financial report fell short of Analyst's earnings expectations with wider than expected loss to start the year, as Rivian works to revamp its manufacturing operations and boost output of electric vehicles. $Li Auto(LI)$ 
RepostReply
avatarSamlunch
05-09
$Shopify(SHOP)$   Just jumped off the @Shopify Q1 Earnings call. Shopify is nearly 20 years old and I can say with confidence that you are seeing the strongest version of Shopify in our history. They are building a 100-year company and focused on delivering both growth and profitability. Here are 3 important stats from the Q1 earnings call: 1. GMV was up 23% YoY in Q1 2. Gross profit dollars for the quarter were over $950 million and free cash flow was over $230 million, with free cash flow margin doubling year over year 3. And, with almost $2 billion in revenue - that’s up 23% year over year (or 29% excluding Logistics) I think they will continue to relentlessly innovate and make commerce better for everyone.
13
avatarSamlunch
05-09
$Shopify(SHOP)$   Two big things we are seeing at Shopify: 1️⃣​ The consumer remains resilient People are still buying from brands they love like @aloyoga, @skims, @barkbox, and @glossier, all of which are all powered by @Shopify. 2️⃣​ More people are choosing to be entrepreneurs. At Shopify, we’ve seen the volume of entrepreneurs starting new businesses has more than doubled in recent years. There has never been a better time to be an entrepreneur - that’s why everyone is choosing to build on Shopify.
RepostReply
avatarBillionaireN
05-09
I opened $SHOP 20240510 59.0 PUT$  ,Take a look at the latest order I posted！
384
avatarbd749b3
05-09
RepostReply
avatarblinkix
05-09
$Shopify(SHOP)$ not enoughI will buy Shopify at $55 or lower.Wait and see it dips in May
RepostReply
avatarSTLoke
04-27
$Shopify(SHOP)$  Another 1:2 risk/reward trade
371
avatarSamyoooo
05-13
$Shopify(SHOP)$   oversold 
RepostReply