Shopify Stock Rockets to All-Time High After Earnings

Shopify Stock Rockets to All-Time High After Earnings

Shopify Inc. (SHOP) stock is trading above $500 for the first time on Wednesday morning after the company beat fourth quarter 2019 earnings per share (EPS) and revenue estimates by healthy margins. Revenues rose an impressive 46.9% year over year to $505.16 million, crossing the $400 million and $500 million marks for the first time. Upside guidance for fiscal year 2020 completed a highly bullish presentation, solidifying Shopify’s reputation as a must-own growth stock. However, the stock has now exceeded most analyst targets after nearly doubling in price in just…

Outlook Brightens for Video Game Stocks

Outlook Brightens for Video Game Stocks

Video game manufacturers have reported mixed quarterly results in recent sessions, offering few clues about what to expect for the rest of 2020. However, sales should pick up substantially by year end because Sony Corporation (SNE) and Microsoft Corporation (MSFT) are set to release new versions of their hugely popular game consoles during the holiday season, providing the positive catalyst needed for higher prices. Investors expected a sales surge in November 2019 when Alphabet Inc. (GOOGL) released the revolutionary browser-based Stadia gaming service, but the initiative opened to mixed reviews,…

Visa Earnings: What Happened With V

Visa Earnings: What Happened With V

What Happened Visa posted revenue and earnings at about the same level analysts had expected. Its payments volume growth was just short of expectations, coming in at 8% as opposed to the 9% analysts had forecast. Visa’s stock fell 2% on the news in after-hours trading. (Below is Investopedia’s original earnings preview, published 1/23/20) What to Look for Visa Inc. (V) has amassed an enviable record on the earnings front, beating EPS expectations in the last 13 consecutive quarters.  That growth has been driven by the company’s soaring payments…

Sellers in Charge So Far in 2020

Sellers in Charge So Far in 2020

Roku, Inc. (ROKU) stock has attracted plenty of attention from the momentum crowd since the start of 2019, when it took off in a torrid nine-month advance that booked an astounding 570% gain. Financial sites have been chock full of bullish commentary since Roku stock topped out on Sept. 9, but sellers have been active during this period, dumping the stock nearly 30%. More importantly, there is little evidence that smart money is opening new positions or adding to existing ones. Old market wisdom warns investors that “the bigger the…

Chip Stocks May Have Topped Out After Historic Advance

Chip Stocks May Have Topped Out After Historic Advance

The PHLX Semiconductor Index (SOX) may have topped out following a historic rally that added more than 50% in eight months. If so, an intermediate correction could last for months and drop the index between 15% and 25% toward support near 1,500. More importantly, top sector performers could post much greater losses, fueled by an oversupply of weak-handed shareholders who aren’t paying attention to growing risk. The index finally completed a round trip into the 2000 internet bubble top at the start of 2018 and entered a testing period that…