Shopify reports earnings next Wednesday February 15th after the bell.
Their ticker symbol is really cool – it’s SHOP
Since it’s gone public, it’s beaten earnings every quarter
It’s reeled off 7 straight beats.
It doesn’t gap much after earnings
We recommend SHOP as a long-term hold
It has 325,000 businesses using their platform
People use Shopify to build e-commerce sites
It caters to small and medium sized businesses
But it does have some big businesses as customers
Like Tesla (TSLA)
which stands for Total Addressable Market
Is 46 million worldwide
Shopify makes money from subscriptions and transactions
So the more their clients sell online, the more Shopify makes
And the more merchants that use Shopify, the more Shopify makes
If you are “shopping” for a stock to play the growth in e-commerce
We recommend adding Shopify to your buy list.
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