SHOPIFY: Earnings Come in Historic; Stock Blasts-off

Shopify earnings were released today (Feb 12) around 8:30 PM EST and came in massive. EPS , revenue, growth, earnings and profit came in at historic levels and drastically beat expectations.

This is a company that is ran by one of the top CEOs with incredible vision and Shopify continues to surprise quarter after quarter - year after year - and continues to win against Amazon against this similar and specific service.

Shopify has surged on the US side pre-market and it appears it will trade around 750 (CAD) or more today with no sign of letting up.

Shopify continues to show signs of a large turnaround similar to Tesla where everyone discounted the name and now that the company has become profitable, the stock could rocket to levels over 1000 in the next 12 months or so.

This is certainly a company you want in your portfolio especially as online shopping is the 'way of the future' as retail stores become antiquated. You can play it directly with the stock or purchase ETF: XIT which plays mostly the top 10 Canadian technology companies. In this etf by BlackRock , Shopify represents a nice and juicy 30%+ by weight.

2020 Year End Target: $850-900 (Canadian Dollars).

- zSplit
Feb 14
Comment: After being somewhat overbought as of late it appears Shopify will come down to find support near the trend-line @ 690ish.

Still an overall excellent and long-term hold and boy.

2020 Target: 850+.


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