$Shopify(SHOP)$ After taking some time to look through their financials, I view last night’s sell off more as profit taking behaviour rather than a sell due to bad news. The company is expanding its revenue at a good pace and their fees charged to merchants have increased as well without a drop in users. Most critics view their drop in operating margins to be a cause for concern but this can be attributed to Shopify’s expansion in the international market as well as a new revenue stream (that is partnering PayPal and OpenAI). All these new streams do incur higher costs at the start but it’s strengthens Shopify’s value and top line.
$Shopify(SHOP)$ Recurring revenue is healthy, and their merchant churn is low. This coupled withan improving operating leverage makes this pullback an attractive entry point.
$Novo-Nordisk A/S(NVO)$ I believe during the actual earnings call share price will go up. Firm is probably setting expectations so the recent correction imo is a buying opportunity
$Palantir Technologies Inc.(PLTR)$ $PLTR I have cut my position here as I believe the share price has run up too fast. Was in here when PLTR was double digits. Going to take profit and wait for the drop. All the best for those holding!
$Direxion Daily FTSE China Bull 3X Shares(YINN)$ might face resistance today given the lacklustre stimulus measures as well as HS Index being at an all time high. Should Trump clamp down on chip access and close the de minions rule, influence US trading partners into putting a trade barrier on Chinese exports, China will struggle economically to foster growth.