Business Maverick: Shopify’s 50% Slump Proves That It’s No Amazon

Both companies are seen as bellwethers for the e-commerce sector and they are index heavyweights, too: Shopify is 3.1% of Canada’s benchmark stock index and Amazon.com Inc. is 3.7% of the S&P 500.Shopify provides the software and other services that allow small businesses to sell on their own websites, an increasingly competitive business that skeptics say is becoming commoditized.

“They are two different businesses,” said David Trainer, chief executive officer and founder of research firm New Constructs. “Even with the recent stock price decline, shares remain priced for Shopify to be bigger than Amazon. Shopify remains significantly overvalued.” Trainer has one of two sell ratings on it, according to data compiled by Bloomberg.

The company’s growth, while still impressive, is slowing. In its last earnings report, Ottawa-based Shopify warned that sales growth will be lower in the first quarter of this year. For the year, analysts expect sales to increase 31%, down from 57% last year. That’s not uncommon for a young company that’s growing, of course. But therein lies the problem for the stock: Software providers with rich valuations are one of the market’s most out-of-favor groups. It’s a combination of a retreat from high-valuation stocks because of rising interest rates, skittishness about companies that aren’t very profitable, and slowing growth rates after the pandemic pulled forward demand for some tech services.

I don't trade for my self, but have earn a living and extra cash from trading with the help of stephinieweller she has always been of help to me and some other friends and family people are engaging with her everyday with good reviews wow, send her a dm to get started already

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Maverick: Amazon Union Win in NYC Holds Potential to Spread Far and WideTwo years ago Amazon.com Inc’s general counsel suggested focusing public attention on fired employee and labour activist Christian Smalls because he “wasn’t smart or articulate”.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: Asian Stocks Boosted by Hong Kong; Treasuries Drop: Markets WrapStocks got a boost on Monday from a rally in Hong Kong spurred by China’s move to ease a dispute with the US over audits. Treasuries fell on the prospect of sharp Federal Reserve interest-rate hikes to fight inflation.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: Great Resignation Isn’t Slowing and May Persist, Randstad SaysThe Great Resignation shows no sign of easing and a dwindling supply of workers may be here to stay, according to Randstad NV, a global provider of employment services.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: U.S. Recession Seen Most Likely to Start Next Year: SurveyThe U.S. is poised for recession most likely in 2023 and bank stocks are expected to fall behind the broader market, according to 525 respondents to the Markets Live weekly survey.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Builder’s Toolkit: A Practical Handbook for Business Leaders – Daily Maverick ShopThe Business Builder's Toolkit - A practical handbook for business leaders is not just about the knowledge of business fundamentals but a step-by-step guide of how to implement them. This is the business guru in your pocket; the mentor you wish you had and the handbook that you will refer to again and again.Including topics like: \tBusting business jargon and exposing business lies \tHow to increase sales \tHR basics for when you can't afford HR yet \tCustomer retention tactics and community building \tMental health management strategies \tEfficient and effective marketing tactics
Source: dailymaverick - 🏆 3. / 84 Read more »