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InvestTalk

07-30-2020: Shopify Shares Jumped 7% After Second-Quarter Revenue Increased By 97%

InvestTalk

Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors

News Commentary, Business News, Business, Investing, News, Entrepreneurship

4.41.5K Ratings

🗓️ 30 July 2020

⏱️ 47 minutes

🧾️ Download transcript

Summary

Shopify's earnings statement says the ongoing effect of the COVID-19 pandemic has accelerated the shift of consumer purchasing habits to e-commerce.




Today's Stocks & Topics: General Electric, Biden & China, Active vs. Passive, AMZN - Amazon.com Inc., MSFT - Microsoft Corp., LCA - Landcadia Holdings II Inc. Cl A, RWT - Redwood Trust Inc., GM - General Motors Co., LMB - Limbach Holdings Inc., AUY - Yamana Gold Inc., The Economy & The Stock Market, BAC - Bank of America Corp., WFC - Wells Fargo & Co.



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Transcript

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0:00.0

This podcast is produced by KPP Financial, Steve Peasley President,

0:10.4

KPP Financial, Independent thinking, shared success.

0:15.0

And now today's podcast.

0:17.0

Good afternoon fellow investors and welcome to Invest Talk. This is our

0:27.2

Thursday July 30th 2020 edition of Invest Talk and yep we only have one more trading day in the month of July

0:36.9

That means we are basically 712th's away way through the year and

0:45.8

Normally I would say it goes by fast but this has been definitely a long year and a lot to talk about today. We obviously had some Big Fang earnings after the bell, Amazon, Google, Apple. And we know there's going to be volatility in regards to few things coming up.

1:09.2

The stimulus package as well as the election here in

1:15.3

But 95-ish days something like that and we have the

1:20.3

Next week we should have Biden's pick apparently for VP. We will have the Republican and Democrat

1:29.6

primary, not primaries, but the conventions in the month of August.

1:35.0

And then I believe it's the first part of September are the debates.

1:41.0

And so how that all kind of pans out over the next, call it six weeks can

1:48.4

bring a lot of volatility. We see that the tech names continue to do well, but we also had antitrust hearings yesterday.

1:59.6

And based on our analysis, Apple fared the best, then Google, then Facebook, and then Amazon

2:11.4

probably fared the worst. they got the most scrutiny so

2:15.8

Facebook having the breakup possibly

2:18.8

Instagram and Facebook I think that is a possibility.

2:23.0

Amazon separating out their AWS division possibly from their retail division and maybe a further regulation on how much Amazon can abuse their power

2:41.2

of their platform.

2:43.0

So that's certainly something that is to watch over the coming three,

2:50.0

that's a little farther out, three to six months.

...

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