It’s Time to Buy Shopify (SHOP) Again

This weakness is an opportunity [Morning Watchlist] You are receiving this email because you are subscribed to Behind the Markets. If you no longer wish to receive these emails, please [unsubscribe]( here.  Prefer to view this content on our website? [Click here.]( --------------------------------------------------------------- Dear Fellow Investor, Company: Shopify (SYM: SHOP) Keep an eye on Shopify (SYM: SHOP). The stock just broke from consolidation, last trading at $69.78. From here, we’d like to see it refill its bearish gap at around $77.50 near term. Helping, Bank of America just upgraded SHOP to a buy rating with a price target of $82. [shop] --------------------------------------------------------------- Contrarian Outlook [Buy this Fund TODAY for 10.5% Monthly Dividends]( One of my favorite income plays right now is an under-the-radar fund that pays an incredible 10.5% monthly dividend. I'm so excited about this fund that I've made it a core holding in my "8% Monthly Payer" portfolio - an easy-to-buy collection of stocks and funds that could hand you $3,330+ in dividend payouts every single month! [Click here to learn more.]( --------------------------------------------------------------- “Following years of declining margin, we believe that the company has turned a corner on balanced growth and margin, under new CFO Jeff Hoffmeister,” said the firm, as quoted by Barron’s. They also forecast “solid revenue growth and FCF conversion from here,” driven by solid baseline e-commerce growth, steady share gains, and disciplined expense spending. Even analysts at Wolfe Research just initiated at outperform rating on the SHOP stock with a price target of $80 a share. Evercore ISI also upgraded the stock to an outperform rating with a price target of $75 a share. --------------------------------------------------------------- Colonial Metals [Petrodollar Death Sentence?](The death of the "petrodollar" seems imminent. China and India have decided to abandon the petrodollar. For one main reason. To get around the energy sanctions on Russian oil and gas. The rumor mill expects the already weak US dollar to potentially collapse. Which means every dollar you hold in a retirement account could instantly drop in value. In answer to this issue, we have released a Special Report to the public. [Click here to get your free copy.]( --------------------------------------------------------------- Goldman Sachs also upgraded the stock to a buy rating, with a price target of $74 a share, adding that, “Given Shopify’s significant technology moat in eCommerce software and share gain across eCommerce cycles, we believe these investments will drive more durable revenue growth at scale,” adding that if Shopify is successful in converting investments to growth, there is a path to 42x 2026 free cash flow of $1.75 per share. With a good deal of negativity priced into the SHOP stock, and plenty of new price targets, weakness is an opportunity in SHOP shares. --------------------------------------------------------------- Manward Press [The Mysterious VC Firm Behind Nvidia's Secret Weapon]( [business](In 1999, Sutter Hill Ventures made a bold bet on Nvidia before anyone had heard of it. Now, they're going all-in on Nvidia's hush-hush partner that's powering their new Blackwell chip. Discover the little-known company that's attracting massive investments from the visionaries behind Nvidia's 100,000% rise. [Unlock the hidden key to AI's future.]( --------------------------------------------------------------- [Join Daily Guru Trades!]( Want more free daily trades in your inbox? [Sign up for Dylan Jovine's Daily Guru Trades Today.]( Do you currently hold and shares of eCommerce stocks? Do you have your eye on any under-the-radar eCommerce stocks we might have missed? Hit "reply" to this email and let us know! Our mailing address is: Behind the Markets, LLC 4260 NW 1st Avenue, Suite 55 Boca Raton, FL 33431 Copyright © 2024 Behind the Markets, LLC, All rights reserved. You're receiving this email as part of your subscription to Behind the Markets. For more information about our privacy practices, please review our [Privacy Policy]( or our [Legal Notices.]( [Behind the Markets](  [Unsubscribe]( Â