It's hard to imagine challenging Amazon 's dominance in the e-commence space, but the coronavirus pandemic just brought Canadian start-up Shopify closer to being a serious threat to the trillion-dollar juggernaut.
The Ottawa-based company is giving small businesses a fighting chance by allowing them to quickly move operations online during the forced shutdowns.
Shopify shares have been on a tear, soaring 20% in May alone and pushing its 2020 gains to more than 90%. The company also surged past Royal Bank of Canada to become Canada's largest company by market value. The stock, which went public in May 2015, hit another all-time high on Wednesday.
Were you following this:
Pinterest launches app for Shopify sellers | Chain Store Age
Pinterest is streamlining the process for retailers to upload Shopify catalogs and turn products into shoppable product pins.
The Pinterest app on Shopify includes a suite of shopping features like tag installation, catalog ingestion, automatic daily updating of products, and an ad-buying interface. For Shopify sellers, this eases setup and access to distribution across Pinterest with or without ads, as well as reporting and results tracking.
Pinterest and Shopify team up, Lenox closes factory and more
Chip and Joanna Gaines have reinvented the biscuit and White House officials are now wearing face masks . These are strange times, but despite it all, the industry pushes on. Read on for headlines, launches and events, recommended reading and more.
* * *
Lenox Corporation has announced the permanent closure of its Kinston, North Carolina, factory. In mid-March, 159 employees were asked to leave due to the pandemic , but by April 19, the downturn caused by the virus forced the facility to close entirely. "It has been a very difficult decision to close the factory. It is closing a chapter in Lenox's long and illustrious history as an American manufacturer of fine dinnerware products," said CEO Mads Ryder in a statement.
Cramer's lightning round: Shopify is the 'hottest stock in the market'
Eaton : "Eaton is a terrific company and it's had a very good run, but it's precisely the kind of cyclical that I don't want people in 'cause I think you don't buy that stock going into a recession-slash-depression."
Revolve Group : I have been recommending Revolve, and I've been eviscerated by it, but then I always thought they could do a good quarter and they did it tonight after the bell and I've got to tell you: I think there's going to be real momentum there. Their business model is good. So I feel vindicated, somewhat, and I think you're O.K. in it."
Check out this next:
Why Shopify Is Too Expensive (And I Will Trim My $83 Cost Base Position) (NYSE:SHOP) | Seeking
In 2017 and 2018, I argued that the stock was cheap, although everybody said that it was severely overvalued.
But at $750, I think Shopify is severely overvalued. I see the fair price at somewhere between $275 and $350 and I show you how I get to that price.
Last Wednesday, Shopify ( SHOP ) reported its Q1 2020 earnings and those were terrific again, as we have come to expect of this premium company. As a long-term shareholder of the company (since May 2017, when I picked Shopify as the first Potential Multibagger ) I was happy, of course. But its price starts to get me nervous. In this article, I look at what Shopify may be worth and if I should trim my position.
dLocal Integrates With Shopify to Help SMB Merchants Win New Business in Emerging Markets
The partnership allows international e-commerce merchants the ability to accept local payment methods in emerging markets through dLocal's payment processing network. dLocal's integration with Shopify enables merchants to bypass the typically time-consuming setup through a payment gateway and gain real-time syncing and business management capabilities.
"We are honored to join the Shopify ecosystem, that now consists of over one million businesses in more than 175 countries. Shopify has empowered independent business owners to achieve economic prosperity, and we look forward to helping those businesses further expand their reach into high-growth markets," added Prandi.
Shopify (NYSE:SHOP) - A Potentially Profitable Options Trade In Shopify | Benzinga
Shopify Inc (NASDAQ: SHOP ) has arguably been the stock to own in 2020. Buoyed by a global flight to e-commerce as a result of COVID-19, shares of the e-commerce platform for small businesses are up 43% in 2020.
* * *
As you can see from the table below, SHOP has massively outperformed the S&P 500. While the stock sold off in March with the rest of the market, it has since rallied 130% to new all-time highs.
Shopify Beats TCPA Suit Over Vendor's Texts, For Now - Law360
In the legal profession, information is the key to success. You have to know what's happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
* * *
Enter your details below and select your area(s) of interest to stay ahead of the curve and receive Law360's daily newsletters
No comments:
Post a Comment