Electronics giant Apple (NASDAQ: AAPL) and e-commerce platform Shopify (NYSE: SHOP) have been big winners over the past five years. How much are investors paying for cash profits? Apple and Shopify have little in common.
These household names are showing investors that they have what it takes to survive economic storms.
Ark Invest founder and CEO Cathie Wood is known for investing heavily in emerging technology companies. One of the top holdings among her exchange-traded funds (ETFs) is e-commerce platform Shopify (NYSE: SHOP). If you've ever made a purchase from an ad on Facebook, Instagram, or other social media platforms, chances are you've used Shopify.