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Shopify surged 17% following a strong Q2 result: Is it a smart buy?
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[Weekly Syrup] Shopify's bounce back. If I buy on Shopify, should I buy Shopify?

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Moomoo CA joined discussion · Aug 12 04:21
[Weekly Syrup] Shopify's bounce back. If I buy on Shopify, should I buy Shopify?
Hey mooers!
On a thrilling trading day, August 7, Canada's e-commerce titan $Shopify Inc (SHOP.CA)$/ $Shopify (SHOP.US)$ dazzled the financial world with a blockbuster Q2 2024 financial report, smashing through operational forecasts. By the ring of the closing bell, $Shopify (SHOP.US)$ soared to $63.89, leaping an impressive 17.83%, while its Canadian counterpart $Shopify Inc (SHOP.CA)$ vaulted to $87.87 with a near-identical 17.85% spike.
Moreover, $Shopify (SHOP.US)$'s trading volume exploded to $3.288 billion, securing the 14th spot in the U.S. stock market and boasting a jaw-dropping 228.22% surge from the prior day's figures, with shares exchanged totaling nearly 50 million.
[Weekly Syrup] Shopify's bounce back. If I buy on Shopify, should I buy Shopify?
But before other recaps, let's look at something different:
What's Moo'ed?
"What's Moo'ed" is a space that captures fun, newsworthy, jaw-dropping and sometimes confusing (lmao) news clips for mooers so that you know this is a colorful world (or a weird and speechless one).
1) Can't buy the dip
French McDonalds are threatening to remove curry sauce after the USA team, with its star Stephen Curry, beat French team in basketball in the Olympics. Come on! The best you can do is to cancel an Indian flavor for a US citizen? Trust me, thousands of Indian restaurants will back my bro up.
[Weekly Syrup] Shopify's bounce back. If I buy on Shopify, should I buy Shopify?
2) Ewww
Brazilian model Débora Peixoto has been ripped by medics over a bizarre skincare routine that involves caking her face in her own poop. If it doesn't help, she's 100% entitled to complain "This is shit!"
3) Let me take a "sea"p
No one will be allowed to fish out any of the nearly 100 bottles of 19th-century Champagne and mineral water nestled in a shipwreck off southern Sweden without proper authorization, officials said last Wednesday. What are we waiting for? Let fish drink them in their sea party and we eat drunk fish? Maybe they can put them in IKEA to show what the real "vintage" style is.
[Weekly Syrup] Shopify's bounce back. If I buy on Shopify, should I buy Shopify?
4) Shake it off
Taylor Swift to the rescue? Ontario’s struggling tourism operators say even a visit by the world’s biggest pop star won’t solve their predicament. Maybe they also need Kanye West to visit at the same time. They will have a really good sale of eggs and other groceries that are suitable for throwing.
Okay, let's dive back to the syrup:
Wall Street has seen sharp fluctuations recently, with Tuesday's rally softening the impact of last week's heightened recession worries. Investors are uncertain if the Federal Reserve will prevent a downturn or repeat historical errors by not acting swiftly enough.
[Weekly Syrup] Shopify's bounce back. If I buy on Shopify, should I buy Shopify?
Market predictions suggest a likely 0.5% rate cut by the Fed in September and further reductions totaling 2.25 percentage points by next year's end, based on Fed funds futures contracts. Read more>>
[Weekly Syrup] Shopify's bounce back. If I buy on Shopify, should I buy Shopify?
The fluctuation's influence can be larger. The share values of seven key tech firms, including $NVIDIA (NVDA.US)$ , have taken a severe hit, leaving numerous investors stuck with depreciating stocks amid the market's swings. Is there a strategy we can adopt to navigate the market if it neither climbs nor drops moving forward?
Regarding Mag 7 like Nvidia, our mooers also shared their thoughts and feelings:
$NVIDIA (NVDA.US)$ One point that seems to be flying under the rader is that companies like AMZN, GOOGL, META, MSFT and even TSLA all said in thier earnings report that they were buying more and more AI chips from NVDA, cant wait until earnings release at the end of the month! Going to be a dusey as the dinosaurs say.
$NVIDIA (NVDA.US)$ more inflow than outflow and yet the prices are still constant. seems as tho bearish trend are stronger, bulls are trying to lift and hold the prices up
$NVIDIA (NVDA.US)$ US jobless claims are down from previous data and below estimates. the market isn't as bad as we thought! we could see a bullish move now overall in the market.
What do you think of Shopify's soaring, rate cut and Mag 7? And what's your take on other hot issues in the past week? How they can earn you more money(we pray that for you)?
Share your stories, ideas, feelings and emojis in the comments below:
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Event time: From now until August 18, 2024, at 24:00 ET time.
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[Weekly Syrup] Shopify's bounce back. If I buy on Shopify, should I buy Shopify?
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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Moomoo CA
Moomoo Technology Inc. Official Account
How's it going, eh?
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