Shopify (SHOP) is a Great Momentum Stock: Should You Buy?

Stocks and Investing Stocks and Investing

Tue, December 10, 2024

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Business Brief: A growing backlash to DEI

[ Tue, Dec 10th 2024 ] - AOL

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[ Tue, Dec 10th 2024 ] - Sky

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[ Tue, Dec 10th 2024 ] - legit

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[ Tue, Dec 10th 2024 ] - Daily Record

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[ Tue, Dec 10th 2024 ] - The Mirror

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[ Tue, Dec 10th 2024 ] - Men's Health

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[ Tue, Dec 10th 2024 ] - MSN

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[ Tue, Dec 10th 2024 ] - MSN

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[ Tue, Dec 10th 2024 ] - Business Standard

IIT Delhi tops Indian varsities in sustainability, IISc in global top 50

[ Tue, Dec 10th 2024 ] - WLNS.com

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[ Tue, Dec 10th 2024 ] - Live Science

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[ Tue, Dec 10th 2024 ] - Forbes

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[ Tue, Dec 10th 2024 ] - Telangana Today

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[ Tue, Dec 10th 2024 ] - MSN

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[ Tue, Dec 10th 2024 ] - New Republic

Transcript: GOPers Suddenly Fear MTG Is Creating a New Mess for Trump

[ Tue, Dec 10th 2024 ] - CNN

Jamie Foxx reveals he suffered a brain bleed and a stroke, says 'I don't remember 20 days'

[ Tue, Dec 10th 2024 ] - Women's Health

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[ Tue, Dec 10th 2024 ] - MSN

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[ Tue, Dec 10th 2024 ] - Her Zindagi Hindi

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[ Tue, Dec 10th 2024 ] - MSN

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[ Tue, Dec 10th 2024 ] - MSN

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[ Tue, Dec 10th 2024 ] - MSN

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[ Tue, Dec 10th 2024 ] - MSN

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[ Tue, Dec 10th 2024 ] - RTE Online

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[ Tue, Dec 10th 2024 ] - MSN

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[ Tue, Dec 10th 2024 ] - Seeking Alpha

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[ Tue, Dec 10th 2024 ] - ProPublica

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[ Tue, Dec 10th 2024 ] - WISH-TV

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[ Tue, Dec 10th 2024 ] - WLRN

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[ Tue, Dec 10th 2024 ] - Business Standard

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[ Tue, Dec 10th 2024 ] - Forbes

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[ Tue, Dec 10th 2024 ] - Richmond

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[ Tue, Dec 10th 2024 ] - Mother Jones

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[ Tue, Dec 10th 2024 ] - businessday

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[ Tue, Dec 10th 2024 ] - MSN

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[ Tue, Dec 10th 2024 ] - MSN

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[ Tue, Dec 10th 2024 ] - 24/7 Wall St

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[ Tue, Dec 10th 2024 ] - MSN

How to fix the Democrats' brand, even lefties now hate ObamaCare and other commentary

[ Tue, Dec 10th 2024 ] - MSN

TMC leader Sagarika Ghose on no-confidence motion against VP and RS Chairman Jagdeep Dhankhar

[ Tue, Dec 10th 2024 ] - inc42

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[ Tue, Dec 10th 2024 ] - Daily Record

SNP Government urges Scots councils to end row over teacher numbers and accept Budget cash

[ Tue, Dec 10th 2024 ] - Daily Express

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[ Tue, Dec 10th 2024 ] - MSN

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[ Tue, Dec 10th 2024 ] - Los Angeles Times

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[ Tue, Dec 10th 2024 ] - MSN

U.S. finalizes $6.1B+ Chips Act funding with Micron

[ Tue, Dec 10th 2024 ] - The Globe and Mail

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[ Tue, Dec 10th 2024 ] - MSN

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[ Tue, Dec 10th 2024 ] - Kiplinger

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[ Tue, Dec 10th 2024 ] - MSN

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[ Tue, Dec 10th 2024 ] - Finance & Commerce

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[ Tue, Dec 10th 2024 ] - Daily Express

Britain follows Germany and Sweden suspending asylum claims from Syrians

[ Tue, Dec 10th 2024 ] - Slate

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[ Tue, Dec 10th 2024 ] - Tuko

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[ Tue, Dec 10th 2024 ] - The Independent

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[ Tue, Dec 10th 2024 ] - Computerworld

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[ Tue, Dec 10th 2024 ] - Yahoo

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[ Tue, Dec 10th 2024 ] - Reuters

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[ Tue, Dec 10th 2024 ] - MSN

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[ Tue, Dec 10th 2024 ] - MSN

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[ Tue, Dec 10th 2024 ] - MSN

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[ Tue, Dec 10th 2024 ] - Rolling Stone

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[ Tue, Dec 10th 2024 ] - The Daily Telegraph

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[ Tue, Dec 10th 2024 ] - The Boston Globe

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[ Tue, Dec 10th 2024 ] - MSN

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[ Tue, Dec 10th 2024 ] - Charlotte Observer

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[ Tue, Dec 10th 2024 ] - businesstech.co.za

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[ Tue, Dec 10th 2024 ] - Los Angeles Times

Column: Trump promised he won't cut Social Security. Should you trust him?

[ Tue, Dec 10th 2024 ] - Fox Business

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[ Tue, Dec 10th 2024 ] - MSN

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[ Tue, Dec 10th 2024 ] - MSN

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[ Tue, Dec 10th 2024 ] - moneycontrol.com

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[ Tue, Dec 10th 2024 ] - MSN

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[ Tue, Dec 10th 2024 ] - London Evening Standard

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[ Tue, Dec 10th 2024 ] - MSN

PM says Syrian upheaval and '7 fronts' of war 'require my attention' during ongoing trial

[ Tue, Dec 10th 2024 ] - MSN

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[ Tue, Dec 10th 2024 ] - MSN

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[ Tue, Dec 10th 2024 ] - Cambrian News

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[ Tue, Dec 10th 2024 ] - Investopedia

Oracle Stock Slides as Revenue Falls Short of Expectations

[ Tue, Dec 10th 2024 ] - The Nation

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[ Tue, Dec 10th 2024 ] - legit

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[ Tue, Dec 10th 2024 ] - businesstech.co.za

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[ Tue, Dec 10th 2024 ] - Alabama Public Radio

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[ Tue, Dec 10th 2024 ] - briefly

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[ Tue, Dec 10th 2024 ] - MSN

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[ Tue, Dec 10th 2024 ] - CNN

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[ Tue, Dec 10th 2024 ] - Yen.com.gh

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[ Tue, Dec 10th 2024 ] - Yahoo

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[ Tue, Dec 10th 2024 ] - Yahoo Finance

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[ Tue, Dec 10th 2024 ] - Wall Street Journal

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[ Tue, Dec 10th 2024 ] - Seeking Alpha

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[ Tue, Dec 10th 2024 ] - MSN

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[ Tue, Dec 10th 2024 ] - The New York Times

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[ Tue, Dec 10th 2024 ] - MSN

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[ Tue, Dec 10th 2024 ] - MSN

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[ Tue, Dec 10th 2024 ] - MSN

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[ Tue, Dec 10th 2024 ] - Tuko

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[ Tue, Dec 10th 2024 ] - MSN

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[ Tue, Dec 10th 2024 ] - The Motley Fool UK

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[ Tue, Dec 10th 2024 ] - MSN

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[ Tue, Dec 10th 2024 ] - MSN

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[ Tue, Dec 10th 2024 ] - Finance & Commerce

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[ Tue, Dec 10th 2024 ] - MSN

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[ Tue, Dec 10th 2024 ] - MSN

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[ Tue, Dec 10th 2024 ] - MSN

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[ Tue, Dec 10th 2024 ] - MSN

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[ Tue, Dec 10th 2024 ] - The Morning Sun

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[ Tue, Dec 10th 2024 ] - Sports Illustrated

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[ Tue, Dec 10th 2024 ] - Seeking Alpha

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[ Tue, Dec 10th 2024 ] - MSN

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[ Tue, Dec 10th 2024 ] - Seeking Alpha

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[ Tue, Dec 10th 2024 ] - Yahoo

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[ Tue, Dec 10th 2024 ] - The Motley Fool

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[ Tue, Dec 10th 2024 ] - The Daily Telegraph

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[ Tue, Dec 10th 2024 ] - Telangana Today

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[ Tue, Dec 10th 2024 ] - AOL

Can You Invest in BlueSky Stock and Is It Worth It?

[ Tue, Dec 10th 2024 ] - Yahoo Finance

Shopify (SHOP) is a Great Momentum Stock: Should You Buy?

^{Published on 2024-12-10 03:21:10 - Yahoo Finance}

While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Over the past quarter, shares of Shopify have risen 63.38%, and are up 63.22% in the last year. In comparison, the S&P 500 has only moved 12.83% and 35.33%, respectively.

The article from Yahoo Finance discusses why Shopify (SHOP) could be considered a great momentum stock. It highlights Shopify's significant stock performance, noting a 10.5% increase over the past four weeks and a 100.8% rise over the last year, significantly outperforming the S&P 500. The piece points out that Shopify has a Momentum Style Score of A, indicating strong momentum characteristics. Factors contributing to this include positive earnings estimate revisions, with the current quarter's earnings estimate increasing from 16 cents to 21 cents per share, and the full year's estimate rising from $1.04 to $1.16 per share. Additionally, Shopify's stock has shown a favorable trend in terms of its 50-day and 200-day moving averages, suggesting continued upward momentum. The article also mentions that Shopify's growth is supported by its expanding merchant base and the addition of new features like Shopify Payments and Capital, which enhance its ecosystem and drive further growth.

Read the Full YAHOO!Finance Article at:
[ https://finance.yahoo.com/news/shopify-shop-great-momentum-stock-170011076.html ]

N@N

Shopify (SHOP) is a Great Momentum Stock: Should You Buy?