The One Thing to Watch Before Buying SHOP

Wait for this sign and you can score a better deal on Shopify…

This story was originally published here.

As novel coronavirus cases soar to ungodly heights, one cannot help but feel incredibly pessimistic about the near-term outlook. Say what you want, you can’t have a vibrant economy with hospitals stuffed to the hilt with pandemic patients. But not all companies are feeling the heat. Take Shopify (NYSE:SHOP). After a robust earnings report, the e-commerce platform pulled out record holiday sales, apparently justifying the rich premium of Shopify stock.

Indeed, it’s truly an unenviable task to find holes in SHOP’s bullish narrative. On Black Friday and Cyber Monday, the burgeoning e-commerce player generated $5.1 billion in sales. Over the same period in 2019, the company rang up $2.9 billion, representing a 76% year-over-year lift. Harley Finkelstein, president of Shopify, described this as a “transformative year for commerce globally,” and that’s not surprising due to e-commerce’s presence widening:

More than 44 million shoppers worldwide bought merchandise from Shopify’s independent and direct-to-consumer (D2C) brands, a 50 percent increase over last year, the release stated. People spent an average of $93 per order in the U.S.; shoppers in Japan spent $106; Australia, $106; and Canada, $103. Cities logging the most sales were New York, Los Angeles and London. Countries with top sales were the U.S., U.K. and Canada.

Moreover, these results followed the company’s impressive third-quarter earnings report, which saw SHOP deliver total revenue of $767.4 million, up 96% over the year-ago quarter. Further, gross merchandise volume was $30.9 billion, up 109% from Q3 2019.

Clearly, SHOP has been the go-to platform for pandemic shopping, providing confidence that Shopify stock at four digits can be trusted.

Thus, in a counterintuitive manner, rising cases of the coronavirus could be a benefit to the e-commerce firm. With powerhouse states like California imposing restrictive measures, brick-and-mortar shopping is dead. However, the online format gets a free organic marketing opportunity, which should be a net positive for Shopify stock…

Story continues here.

Dump America’s Most Popular Brand NOW

During times of great volatility, investors often cling to what they’re familiar with… including the stocks of companies they know best.

Fear and conventional wisdom push people to the biggest brands.

But what if I told you that America’s top stock picker — a man with 40 recommendations that have gained at least 1,000% in his career — believes that America’s most popular brand is a “must sell” right now?

That’s exactly what Eric Fry is saying…

Because this giant of the past was doomed with or without the fear of a pandemic.  Eric believes it’s one of 25 big-name stocks that are going to experience hard times, even if a coronavirus cure is found tomorrow.

And, remember, Eric is the legendary trader that accurately predicted the collapse of more than 70 stocks. That includes Cisco (fell 75% in a year after his prediction), Tyco (fell 74% in the year after his prediction), and Countrywide Financial (fell 87% in the two years after his prediction).

Instead, Eric believes anyone with money in the market should focus on four companies that are in position right now to help people capture huge market gains.

You probably haven’t heard of a single one of these firms…

But you will.

Get the facts for yourself and be one of the first to learn more about the four stocks you should buy right now… as well as the 25 companies you should sell immediately, on our website, here

Regards,

Brian Hunt
CEO, InvestorPlace P.S. Tune in to this video presentation now, while it is still available, and Eric will reveal what he believes will be his next 1,000% winner. The name, the ticker symbol, and why it’s such a screaming buy… it’s all in Eric’s presentation and FREE to view. Just keep in mind, this valuable information won’t be up on our website forever.