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Shopify's stock price has dropped over 70%, but is it all bad?
Today's video focuses on Shopify (SHOP 1.11%) and the most recent short-term bearish news affecting its stock price, from Snap's (SNAP 6.42%) recent market commentary to Amazon's (AMZN 0.82%) latest distribution center reports. While it may be true that Shopify can continue to be volatile in the upcoming months, I believe the long-term bullish thesis is still intact.
*Stock prices used were the market prices of May 25, 2022. The video was published on May 25, 2022.
Jose Najarro enjoys investing in the tech market, more importantly, the semiconductor sector. Before partnering with the Fool, Jose worked as a Senior Electrical Engineer for General Dynamics, where he had first-hand experience seeing how emerging technology can change the world. Jose Najarro went to NJIT, receiving his Bachelor's and Master's degree in Electrical Engineering.
John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Jose Najarro has positions in Shopify and Snap Inc. The Motley Fool has positions in and recommends Amazon and Shopify. The Motley Fool recommends the following options: long January 2023 $1,140 calls on Shopify and short January 2023 $1,160 calls on Shopify. The Motley Fool has a disclosure policy. Jose is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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