BRAZIL - 2020/07/26: In this photo illustration the Shopify logo seen displayed on a smartphone. ... [+] (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images)
Shopify Inc. is scheduled to report earnings before Wednesday's open. The stock hit a record high of $1,074.98/share in 2020 and is currently trading near $1,006/share. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong. Conversely, if the numbers disappoint, the stock can easily gap down. To help you prepare, here is what the Street is expecting:
Quite a lot has been going on:
'I Quit': Discovery Sets Business Format From Shopify Studios & Spoke – Deadline
EXCLUSIVE : Discovery Channel is launching new business format I Quit , with a slew of entrepreneurs risking it by giving up their jobs to follow their passions.
However, the business model behind the show, which launches Tuesday August 18, may be the real point of interest for producers.
The show comes from Shopify Studios , the television production and financing arm of the global online commerce service, and Wheelhouse Entertainment ’s Spoke Studios . It was financed and produced by these companies before being picked up by the factual broadcaster, which unusually has just taken U.S. rights rather than full global rights to the format.
On the Eve of Earnings, Shopify Files for Massive $7.5 Billion Capital Raise | The
This isn't the first time Shopify has raised capital -- in fact, it has done so nearly every year since going public. With the stock sitting just 5% off its all-time high set earlier this month, it seems like an opportune time to buttress its balance sheet once again.
However, it's the sheer magnitude of the offering that will have tongues wagging. This is by far the largest filing of this type Shopify has made to date. For context, the company made a similar filing with SEC in August of 2018 for $5 billion, so the size of the offering could lead to speculation that Shopify has a purpose in mind for the influx of cash.
Shopify tradeoffs: What to consider before selecting your next e-commerce platform
Selecting the appropriate e-commerce platform for your goals, circumstances and customers can influence your sales and the amount of time your staff dedicates to maintaining that platform. If you're looking at Shopify as your next potential e-commerce solution, you need to be aware of its strengths and limitations, with regards to SEO as well as other considerations that could affect your organization's success.
And here's another article:
Shopify Rallies as Goldman Sachs Raises Rating Ahead of Earnings - Barron's
Shopify shares received a boost onTuesday from Goldman Sachs analyst Christopher Merwin, who lifted his rating on the e-commerce software company to Buy from Neutral, while maintaining his price target of $1,127.
Shopify (ticker: SHOP) reports June quarter earnings before the opening of trading on Wednesday. In trading Tuesday, Shopify shares were up 1.8%, to $994.28.
Shopify Earnings Due As Analyst Expects Big Beat But Guidance Key | Investor's Business Daily
With Shopify earnings due out early Wednesday, expectations run high as its merchant customer base jumps amid the coronavirus emergency. Shopify stock has surged 42% since it reported first-quarter earnings in early May.
The company sets up e-commerce websites for small businesses. It partners with others to handle digital payments and shipping.
Canada-based Shopify 's ( SHOP ) merchant customer base jumped more than 30% from April 1 through July 7, says one market researcher. Small businesses have pivoted to online sales as social distancing rules reduce store traffic.
Two Out of Three Ain't Bad: Shopify Could Weaken Based on One Chart Only - RealMoney
Wednesday's earnings include some Jim Cramer favorites, like Shopify ( SHOP ) , he told viewers of Mad Money Monday night . Let's review the charts and indicators ahead of the earnings release.
In the daily bar chart of SHOP, below, we can see the dramatic gains in the shares since March. This month prices hit a fresh high and then we can see that prices have been consolidating/correcting those gains.
Analyst calls of the day: Shopify, Tesla, Alphabet & more
Seaport initiated Mondelez and Kellogg as buy and said it was focused on companies that will come through stronger after the coronavirus crisis passes.
"We are initiating coverage of seven food companies, including ADM, K , MDLZ , and SMPL with a Buy rating; and ANDE, BGS, and TSN with a Neutral rating. The food industry landscape changed dramatically with COVID-19 last March, and there is no recent historical period to even begin comparing how the industry may fare over the next 1-2 years.
Happening on Twitter
BIG OIL 2Q EARNINGS ➡️July 30: Shell / Total ➡️July 31: Exxon / Chevron ➡️Aug 4: BP And here @CrowleyKev and… https://t.co/njrKUAjHD9 JavierBlas (from London) Tue Jul 28 07:02:17 +0000 2020
Apple's iPhone 12 is in a battle with the coronavirus. On Thursday, Apple will give a big clue about who won. https://t.co/HKZEL6BhYh businessinsider (from New York, NY) Tue Jul 28 23:16:07 +0000 2020
Amazon said it would spend all $4 billion of its Q2 profits on COVID-19 responses. Wall Street still expects a prof… https://t.co/hFo1kxuPVN businessinsider (from New York, NY) Tue Jul 28 23:52:42 +0000 2020
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