One e-commerce stock has another 52% upside ahead, chart watcher says

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One e-commerce stock has another 52% upside ahead, chart watcher says

cnbc2021-03-03

E-commerce has been the golden ticket for retailers during the pandemic. Targeton Tuesday reported a118% increase in online salesin its recent quarter, while privately held grocery delivery ...

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cutemiao
·2021-03-03
Get set, GO, GO, Go
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- Conanteh:
  Tes
  2021-03-03
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CET 789
·2021-03-03
Go... Go.. Go
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- heartspanda:
  Comment
  2021-03-03
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jq2611
·2021-03-03
Wow
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RWRW
·2021-03-03
Wow
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Deont
·2021-03-03
Tesla to the moon
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- P20:
  [微笑]
  2021-03-03
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- JaNice:
  YESSS
  2021-03-03
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It’s hard to justify the current valuation in Shopify, I get it, but then again, it’s hard to justify exactly how the face of e-commerce has changed with the push from Covid,” Gordon told CNBC’s “Trading Nation” on Tuesday.\nShopify trades at more than 300 times forward earnings. TheEBIZ global e-commerce ETF, by comparison, trades with roughly a 90 times multiple.\n“The chart of Shopify is well-contained in an uptrend channel. Believe it or not, they don’t face technical resistance till $2,000,” said Gordon.\nA $2,000 target implies 52% upside from current levels.\nNancy Tengler, chief investment officer at Laffer Tengler Investments, says Target is a good bet on online shopping after its latest quarter.\n“I really like the quarter,” Tengler said during the same interview. “I think analysts are disappointed because the company’s going to invest in defending the growing market share, and some of the expense in digital fulfillment is going to be a little bit more than expected. … If you’re a buyer and holder for the next three to five years, this is an opportunity to step in and get it a little bit on sale.”\nTarget fell more than 6% on Tuesday following earnings. It is up nearly 60% in the past 12 months.\nThose aren’t the only e-commerce names Gordon and Tengler like. Gordon saidBest Buylooks to have solid support to hedge against any downside, while Tengler prefers homebuilder plays such asLowe’sandHome Depot.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":365798034,"gmtCreate":1614778006328,"gmtModify":1704775089145,"author":{"id":"3574384014717887","authorId":"3574384014717887","authorIdStr":"3574384014717887","name":"cutemiao","avatar":"https://static.tigerbbs.com/bb482433c2ea26132373994768ab7de2","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3574384014717887"},"htmlText":"Get set, GO, GO, Go","listText":"Get set, GO, GO, Go","text":"Get set, GO, GO, Go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/365798034","repostId":1135145978,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3706363,"gmtCreate":1614780896582,"gmtModify":1680779010941,"authorId":3573646223640101,"author":{"id":3573646223640101,"authorId":3573646223640101,"name":"Conanteh","avatar":"https://static.tigerbbs.com/6357f83cdbdcf024fd2ee7e4dad0f2db","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":365798034,"type":1,"supId":0,"prevId":0,"content":"Tes","text":"Tes","html":"Tes"}],"langContent":"EN"},{"id":365791108,"gmtCreate":1614777896104,"gmtModify":1704775088660,"author":{"id":"3574846237438181","authorId":"3574846237438181","authorIdStr":"3574846237438181","name":"CET 789","avatar":"https://static.tigerbbs.com/b2cd0cadf666af297bd51826081757be","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":1,"idStr":"3574846237438181"},"htmlText":"Go... 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