$SHOP - POTENTIAL TOP 20 ADDITION -
Added 2024-05-08 17:18:20 +0000 UTCWe got very excited about $SHOP in November when it took off on a very strong parabolic move from $45 to $91 in 3 months and we said that we will not chase this move but show patience and wait for the ABC correction to come in.
Further to that, we said that $SHOP should be considered as a TOP 20 entry if we can get $SHOP approaching our Wave C target.
After the earnings today, this plan is almost complete and well done to all who managed to stick with this plan.
I will go through the details of the earnings release but we've already noticed that the reduction in Free Cash Flow is the likely cause of the harsh decline.
Its $SHOPs job to improve on that now and will likely take another earnings to prove this.
So I suggest we keep to our plan and add $SHOP to the Top 20 and my thought process is to drop $F, as we already have $TSLA and $NIO on the list, $F is a solid play and reliable with a strong dividend of 5%......but in terms of growth, I think $SHOP would be a better addition to our list.
If everyone is happy with this, please like and add comment below any concerns and we'll confirm this but I would be encouraging this decision, effective from this weekend.
Comments
I missed out on this one and this looks like a proper time to buy
Scott Glover
2024-07-11 02:03:37 +0000 UTCAs a consumer using Shopify I agree!
Minus0
2024-06-21 21:50:35 +0000 UTCSHOP would be a great addition.
Diana
2024-05-09 14:37:06 +0000 UTCJust want that price to come down more. Drop below $55 of support. Look out! I’m hoping does. Re tracing down to 30-44. 🤞🏻
Brian
2024-05-09 02:57:37 +0000 UTCI like it as a top 20. Their market cap seems too rich even after the earnings decline…for a small example…Operating income of 86 million this last earnings on a market cap 80 billions dollars seems a little low
Brian
2024-05-09 02:56:50 +0000 UTClets go SHOP!
Luis Fernando Ulloa Vizcaino
2024-05-08 19:23:26 +0000 UTCShop should absolutely be on the list - love it cap
Dean Eyec
2024-05-08 18:37:00 +0000 UTCAgree
Cactus
2024-05-08 17:53:53 +0000 UTC👍
Johnnyboy
2024-05-08 17:53:40 +0000 UTCI use Shopify as apart of my small biz and I love the moat. Customer experience is great and reasonably priced. Think it’s a great business to own if can get in at reasonable valuation
Michael Castaldo
2024-05-08 17:45:09 +0000 UTCI'm Agree SHOP is a must have
M
2024-05-08 17:40:55 +0000 UTCMost definitely add.
Salim Jessani
2024-05-08 17:34:58 +0000 UTCI'm good with this... SHOP isn't go anywhere
SD
2024-05-08 17:34:19 +0000 UTCAdding Shopify is a good idea specially for those like me that couldn’t catch Amazon earlier. A solid guide is appreciated in advance Also worth to mention SPY & QQQ ABC correction relation with $SHOP is needed!!
Baktash Azizi
2024-05-08 17:26:42 +0000 UTCNo brainer IMO. Shopify >> Ford any day.
Shaleen Deep
2024-05-08 17:19:45 +0000 UTC
