Shopify (SHOP) is the $55 billion upstart taking on Amazon (AMZN) and Ebay (EBAY) in the small business etailer platform market.
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And earnings estimates just plunged after the company revealed a big investment year ahead in their Q4 report delivered on February 12.
Since that reveal, the Zacks consensus for full-year 2020 EPS dropped over 75% from $0.89 to $0.21. Next year got clobbered 55% from $1.60 to just $0.72.
This may worth something:
Shopify cancels annual conference due to fears over coronavirus - OHS Canada Magazine
OTTAWA — Shopify says the recent outbreak of a novel form of coronavirus has prompted it to cancel its annual conference.
The Ottawa-based e-commerce giant says the Unite conference was set to take place in Toronto on May 7, but evolving public health concerns have derailed those plans.
The company says in a statement to The Canadian Press that it believes cancelling the conference is the best option to make sure no one’s health and safety is at risk.
Shopify Unite 2020 developers conference (May 6-8 in Toronto) - In-person cancelled; online-only
Microsoft, Shopify, Charles Schwab, E-Trade and Morgan Stanley highlighted as Zacks Bull and Bear
Chicago, IL – March 3, 2020 – Zacks Equity Research Shares of Microsoft MSFT as the Bull of the Day, Shopify SHOP asthe Bear of the Day. In addition, Zacks Equity Research provides analysis on Charles Schwab SCHW, E-Trade ETFC and Morgan Stanley MS .
Here is a synopsis of all five stocks:
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Microsoft had to issue a guidance warning last week as the company gauged potential supply chain hiccups stemming from the coronavirus outbreak in China, a week after Apple made a similar move.
This may worth something:
Shopify Designer Services Market: Future Forecast Assessed on the Basis of How the Industry
Top Analyst Upgrades and Downgrades: Apple, Baker Hughes, BHP, Gilead, Microsoft, PG&E,
The markets staged a massive comeback on Monday, with nearly a 1,300-point gain in the Dow Jones industrials, 136 points in the S&P 500 and a 385-point gain in the Nasdaq. Futures were looking for direction on Tuesday after a G7 call to coordinate efforts kept nations "ready to act," but the lack of a coordinated effort and response now has kept a lid on the markets.
ABB Ltd. (NYSE: ABB) was started as Underperform at Jefferies, just a day after Morgan Stanley downgraded it to Underweight from Equal Weight.
CANADA STOCKS-TSX hits record high on oil rally, Shopify surge - Reuters
Feb 12 (Reuters) - Canada’s main stock index hit an all-time high on Wednesday, driven by energy stocks as oil prices jumped on optimism over fewer new coronavirus cases, while Shopify shot up 20% on upbeat quarterly earnings.
* At 09:39 a.m. ET (14:39 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 72.71 points, or 0.41%, at 17,849.82.
* The energy sector climbed 2.1% as China reported its lowest daily number of new coronavirus cases since late January, stoking investor hopes that fuel demand in the world’s second-largest oil consumer may begin to recover.
Social Media Marketing World: Coronavirus didn't cancel this event
With coronavirus fears looming over events that are being canceled all over the world, Michael Stelzner of Social Media Examiner trekked forward with the globe's largest social media marketing conference , Socal Media Marketing World, held in San Diego from March 1 to 3.
I expected to see Japanese bows and foot-tapping to avoid handshakes and hugs, but habit takes over the human experience. It seemed people's fears dissipated as soon as the doors opened to let us in…almost. Over the three days, I met plenty of people who were not willing to extend a hand, but rather nod or verbally acknowledge each other instead.
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