While Shopify is best-known for powering the online stores of more than 1 million businesses, the company is launching a consumer shopping app of its own today, simply called Shop .
The app is actually an update and rebrand of Arrive, an app for tracking packages from Shopify merchants and other retailers, which the company says has been used by 16 million consumers already.
And here's another article:
Shopify: When The Music Stops (NYSE:SHOP) | Seeking Alpha
Expect online spending to decline once the government handouts stop and some employees go back to work. The remainder will be broke and unemployed.
The stock price is extremely overvalued unless one assumes profitability going forward which is unlikely given the transaction-based business model and coming recession.
Readers that follow my work probably recognize that I like breakout stocks involved in the area of digital transformation. We are in the midst of a seismic shift towards the cloud and online retail, accelerated by the pandemic. Thus my interest in this area of investing.
TSX claws back ground, Shopify leads 30% rally from March 23 low - BNN Bloomberg
The S&P/TSX Composite has clawed back significant ground since bottoming March 23, with Toronto's benchmark composite rising 30.4 per cent through the end of trading Monday. The index has now recouped about half of the COVID-19 induced losses booked from the record high it hit in late February.
All eleven TSX subgroups are in positive territory over that stretch from late March, led by the materials group with a 44.63 per cent gain, information technology's 42.96 per cent rise and consumer discretionary's 39.87 per cent jump.
Start an E-Commerce Business Through Shopify With This $39 Guide | PCMag
With the COVID-19 outbreak and subsequent stay-at-home orders, the need for businesses to pivot to e-commerce has never been more vital. What's more, given the surge in online shopping, starting your own e-commerce business altogether isn't a bad idea.
Starting an online store, however, can be an intimidating task. Luckily, you don't have to go at it blind. Solo operations and large companies can learn the ins and outs of e-commerce with The Ultimate Shopify & href="https://directamp.com/" title="">eCommerce Expert Bundle for just $39.
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Top Analyst Upgrades and Downgrades: AT&T, Cognex, Disney, J&J, Keurig Dr Pepper,
Stocks have managed to keep climbing from the March lows, and the market seems to have gotten over the panic selling of late February and March that turned the bull market into a bear market. While futures were trading higher again on Tuesday, some market watchers are getting worried that the market may be getting ahead of the true economic fundamentals as the country prepares to begin reopening. Energy prices keep getting weaker as well.
Many investors were caught off guard after the major snapback rally that started in late March. Investors now ought to be considering new ideas, given that the major equity indexes have recouped so much of their losses.
Hot Stock in Focus: Shopify (TSX:SHOP) – Investor Welcome
The stock has RSI reading of 73.99. RSI gives an indication of the impending reversals or reaction in price of a security. RSI moves in the range of 0 and 100. So an RSI of 0 means that the stock price has fallen in all of the 14 trading days. Similarly, an RSI of 100 means that the stock price has risen in all of the 14 trading days. In technical analysis, an RSI of above 70 is considered an overbought area while an RSI of less than 30 is considered as an oversold area.
Analyst Watch: Analysts have assigned their consensus opinion on this stock with rating of 2.3 on scale of 1 to 5. 1 or 2 =>Buy view 4 or 5 => Sell opinion. 3 =>Hold. Analysts’ recommendations are the fountainhead of equity research reports and should be used in tangent with proprietary research and investment methodologies in order to make investment decisions.
Shopify's ongoing battle with COVID-19 merchants: 5,000 storefronts closed in the past month
Electronic-commerce star Shopify has found itself in the eye of an entrepreneurial storm triggered by the COVID-19 virus.
Earlier this year, one million online merchants relied on Shopify's technology platform to display, track, ship and analyze sales of their products. The rapid spread of the COVID-19 virus since January has prompted even more businesses to shift to online, which has lit a fire under the Ottawa firm's share price.
Happening on Twitter
Today @shop has arrived. Our trusty package tracker has lead a double life in our labs over the past year and has g… https://t.co/72ygmeJRVH tobi (from Canada) Tue Apr 28 10:53:55 +0000 2020
Shopify launches Shop, a new mobile shopping app https://t.co/2AOyfrXsnl by @anthonyha https://t.co/8i8yu4aIAZ TechCrunch (from San Francisco, CA) Tue Apr 28 10:01:48 +0000 2020
eコマースプラットフォームShopifyが小売支援のモバイルアプリ「Shop」をローンチ / April 29, 2020 at 08:30AM #TechCrunch_Japan https://t.co/B1aJtoA5wC jptechcrunch (from Tokyo) Wed Apr 29 04:03:22 +0000 2020
Shopify's new mobile app, 'Shop' makes indulging in your favorite luxury and local businesses extremely accessible. https://t.co/bc5tceyei0 Essence (from Brooklyn, NY) Wed Apr 29 02:00:19 +0000 2020
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