Previous close | 602.00 |
Open | 602.00 |
Bid | 0.00 |
Ask | 0.00 |
Strike | 940.00 |
Expiry date | 2024-01-19 |
Day's range | 602.00 - 602.00 |
Contract range | N/A |
Volume | |
Open interest | 14 |
Growth stocks have borne the brunt of much of the volatility afflicting the market over the last year, as investors shied away from these businesses amid fears of a global recession. For investors with the risk tolerance and patience to put cash into these businesses, this fortitude can be rewarded over the long run. Here are two such businesses to consider adding to your buy basket right now.
Finding companies with the power to stand the test of time in your portfolio isn't always easy. Airbnb (NASDAQ: ABNB) has made a name for itself in a highly fragmented and crowded industry, amassing a presence so impressive that it boasts a roughly 26% share of the travel booking service market and roughly 20% of the entire vacation rental market. Of the numerous competitive advantages that Airbnb retains, it's worth pointing out that the platform not only serves both sides of the travel accommodation relationship -- supply and demand -- with its growing cohorts of guests and hosts, but it also does so with an extremely asset-light model.
Last week, our time-tested methodologies served investors well in navigating the market. Check out some of our achievements from the past three months.
The leading e-commerce platform provider is still posting strong growth, but its bottom line remains in the red.
I'm no fan of the saying, "Sell in May and go away." Unsurprisingly, and in keeping with The Motley Fool's guidance, I tend to hold stocks for the long term. In fact, rather than selling in May, I'm adding shares to my portfolio this month.
Investors found many good reasons to like Shopify (NYSE: SHOP) in recent weeks. The e-commerce platform specialist reported solid operating results to start fiscal 2023, and its earnings prospects have improved with its pivot away from the costly shipping-logistics business. Wall Street's attention focused on Shopify's strategic pivot away from the logistics business, mainly because this move is likely to accelerate the company's return to profitability.
Despite their premium valuations today, these three stocks should continue delivering top-tier growth for decades.
To tap into this massive opportunity, check out what three top e-commerce stocks -- Chewy (NYSE: CHWY), Shopify (NYSE: SHOP), and Amazon (NASDAQ: AMZN) -- are doing right now. Investors have slowly walked away from the stock this year after Chewy reported in March that its active customers declined 1% in 2022 to 20.4 million. For one thing, the company significantly increased prices last year, which resulted in net sales per active customer increasing 15% year over year in the fourth quarter.
The evolution of artificial intelligence could make search engines, e-commerce platforms, and productivity sites obsolete.
Costco Wholesale and Target both reported year-over-year decreases in e-commerce sales in their most recent quarterly reports, and many smaller e-commerce companies are in the same boat. Amazon, the indomitable king of e-commerce, has been struggling with too much infrastructure, slowing sales growth, and high pandemic-fueled growth that's harder to build on now. It operates a business-to-business platform offering cross-border solutions for online retailers.
Investors were thrilled to hear that Shopify (NYSE: SHOP) is shaking up its business. Most Wall Street pros were focused on Shopify's decision to exit the logistics business in a move that will likely accelerate its return to profitability. The main factor dragging Shopify's stock down since early 2022 has been slowing revenue growth.
Fool.com contributor and finance professor Parkev Tatevosian elaborates on why so many investors are talking about Shopify (NYSE: SHOP) stock. *Stock prices used were the afternoon prices of May 21, 2023.
Such may be the case with Shopify (NYSE: SHOP) stock, which is up sharply year to date but isn't necessarily out of gas quite yet. If you have room in your tech stock shopping cart and don't consider "momo" a "no-no," Shopify stock is worth your while. Shopify's recent results largely speak for themselves, but the company could continue growing as it slims down and circles back to the e-commerce business that made Shopify a favorite among merchants and shareholders alike.
Have you noticed growth stocks are making a comeback? The Vanguard Growth ETF, which contains heaps of growth stocks, is up 21% this year. If you've been investing in growth stocks for a while you probably remember they started soaring last summer and then lost all those gains by the end of 2022.
Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades for Shopify, XPeng, Caleres, and Dish Network. Exane BNP Paribas downgraded Shopify (NYSE:SHOP) to Underperform from Neutral with a price target of $51.00, noting that weakening U.S. consumer spending on higher-priced items may limit the company’s growth outperformance. Barclays downgraded XPeng (NYSE:XPEV) to Underweight from Equalweight and cut its price target to $6.00 from $8.00.
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Shopify (SHOP) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Investing.com -- Weakening U.S. consumer spending on higher-priced items may limit growth outperformance at Shopify Inc (NYSE:SHOP), analysts at BNP Paribas Exane said in a note on Wednesday downgrading their rating of the Canadian e-commerce group to underperform from neutral.
Investors were concerned that after economies reopened, Shopify's (NYSE: SHOP) business would struggle. Fool.com contributor and finance professor Parkev Tatevosian explains why that hasn't been the case.
Shares of Global-e Online (NASDAQ: GLBE) dipped slightly in response to a first-quarter earnings report that was a lot more positive than the price action suggests. Is Global-e Online a good stock to buy now or should investors remain cautious?
When growth stocks were in a bull run, it seemed like the stock market was printing money. It has been a great 2023 for Shopify's (NYSE: SHOP) stock, up over 70% year to date. Shopify's lackluster 2022 can be attributed to macroeconomic conditions, with high inflation slowing down consumer spending (especially on non-essential items that Shopify's merchants tend to sell).
Shopify (NYSE: SHOP) invested billions of dollars ramping up its logistics business only to sell it before it had a chance to develop completely. *Stock prices used were the afternoon prices of May 19, 2023.
Shopify (NYSE: SHOP), a leading e-commerce platform, delivered a solid first-quarter 2023 performance. The question arises for investors who missed the initial opportunity: Is it still a wise decision to invest in Shopify? Shopify was not immune to the external headwinds.
Still, key information can be derived by comparing Amazon (NASDAQ: AMZN) and Shopify (NYSE: SHOP) to determine which is the best stock to buy. Fool.com contributor and finance professor Parkev Tatevosian makes his choice in this video.
Shopify (NYSE: SHOP) and Fiverr International (NYSE: FVRR) both challenge the status quo for selling goods and services. Shopify's e-commerce services enable smaller merchants to set up their own online stores, process payments, fulfill orders, and manage their marketing campaigns without joining a crowded online marketplace like Amazon. Meanwhile, Fiverr is a gig economy marketplace that hosts hundreds of categories of writing, coding, media, marketing, and design jobs.