Michael Kamerman, CEO of Skilling, shares his opinion on what stock you should watch this week.
In a week that saw many stocks and major indices outperform, there were notably a few outliers on both sides. Whilst some struggled to keep up with the S&P 500’s 4% weekly gain, others stood out from the crowd.
One of these was Shopify, posting a 11.3% gain over the period.
Despite the Shopify stock price having almost completed a round-trip to its March 2020 lows, the stock split itself doesn’t change the company’s fundamentals. However, one thing that did change was the approval of non-transferable ‘founder shares’ for CEO, Tobi Lutke.
This move is to ensure that the CEO secures 40% voting power as long as he continues to serve as a board member at Shopify and will reinforce the strong leadership needed to run a business in these challenging times.
No one can deny that the volatile changes in consumer spending, owing to the current cost of living crisis, have taken the company backwards from the initial lockdown boom. However, investors shouldn’t be too put off by this as universally, it’s still not clear what the new normal will look like in terms of retail spending.
Instead, investors should be keeping a watchful eye on Shopify’s competitors, such as Amazon, and should keep assessing how the competition intensifies and unravels over these coming months.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Not investment advice. Past performance does not guarantee or predict future performance.
This week Finance Monthly brings you a list of 5 awesome buys to treat yourself with after your next bonus, pay rise or big client win! Sure, you could invest it, or gamble on some new cryptocurrencies, but we all know that there is nothing better than treating yourself to something special, particularly after you’ve earned it. Here’s our top picks to motivate you towards your next milestone.
The Husqvarna Vitpilen 401 is a sleek, refreshingly simple and progressive new urban street motorcycle. Husqvarna’s designers have stripped away all of the unnecessary bells, whistles and gadgets and left behind only what is truly required for a raw and authentic riding experience. Perfect for getting around the city, this sleek streetbike is a sure head turner. The Vitpilen 401 will be available in authorised Husqvarna dealers from March 2018.
This Samsung television is a modern, fashionable and spectacular piece of technology. The smart TV delivers breathtaking picture quality, achieving 100% colour volume. Suddenly watching movies at home will feel akin to a cinematic experience, and sports matches will come alive like never before. With a stunning 360 design, this isn’t just a TV - the QLED is a statement piece that will bring new dimensions to your living space.
If you’ve had a long, intense week at work - the last thing you’ll want to do is tackle the vacuuming over the weekend, This is where the Roomba comes in, a robotic vacuum cleaner that will revolutionise your home cleaning. At the touch of a button, the impressive Roomba 980 will navigate around your home, keeping track of its location and recharging as needed until the job is complete. The smart iRobot Home App even allows you to control your cleaning schedule while you are on the go, how efficient!
This limited edition Italo Fontana U-Boat Classico 1001 pays homage to the essence of the brands classic style with bold, military inspired design and a wide dial. Timeless and iconic, the Classico is a clean and uniquely styled model with a running theme of raw, natural materials. A surefire way to elevate your outfit both in and out of work, the Classico is even water resistant to 1001 metres.
Warmer months are coming and if there is one accessory that completes your summer wardrobe, it’s a pair of designer sunglasses. The compliments will be flooding with these luxurious Linda Farrow aviator sunglasses which are handcrafted purely from 18-22 carat white gold-plated lightweight titanium. Definitely the ultimate sunglasses to invest in for the summer.