Shopify’s Comeback Story

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.3 • 3.1K Ratings

🗓️ 12 November 2024

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

The e-commerce giant is proving that growth can forgive past valuation sins. (00:26) Jim Gillies and Ricky Mulvey discuss: - Why investors are cheering Shopify’s latest results. - An automotive supplier that can provide a ballast for portfolios. - Why excitement about the market right now isn’t quite a mania. Then, (16:24) Alison Southwick and Robert Brokamp answer listener questions about allocation, gifting to kids, and ETFs with downside protection. Got a question for the show? Email us at podcasts@fool.com. Companies/tickers discussed: SHOP, ALV, RCL Visit our sponsor at www.public.com/motleyfool Host: Ricky Mulvey Guests: Jim Gillies, Alison Southwick, Robert Brokamp Engineer: Rick Engdahl Public.com disclosure: A Bond Account is a self-directed brokerage account with Public Investing, member FINRA/SIPC. Deposits into this account are used to purchase 10 investment-grade and high-yield bonds. As of 9/26/24, the average, annualized yield to worst (YTW) across the Bond Account is greater than 6%. A bond’s yield is a function of its market price, which can fluctuate; therefore, a bond’s YTW is not “locked in” until the bond is purchased, and your yield at time of purchase may be different from the yield shown here. The “locked in” YTW is not guaranteed; you may receive less than the YTW of the bonds in the Bond Account if you sell any of the bonds before maturity or if the issuer defaults on the bond. Public Investing charges a markup on each bond trade. See our Fee Schedule. Bond Accounts are not recommendations of individual bonds or default allocations. The bonds in the Bond Account have not been selected based on your needs or risk profile. See https://public.com/disclosures/bond-account to learn more Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	We've got news on one stock you probably know and one you probably don't.
0:08.9	You're listening to Motley Full Money.
0:13.9	I'm Ricky Mulvey.
0:15.0	Join today by Jim Gillies.
0:17.1	Jim's, how's everything in the Great White North?
0:19.9	It's still relatively warm, to be honest with you.
0:22.4	It's not bad, but you look outside, you can see the frost coming.
0:26.8	Before we get to the main event, the main event of today's show is the world's largest
0:31.3	automotive safety supplier.
0:33.6	Let's hit the small Canadian tech company Shopify.
0:39.3	And you know what, Jim, you always like these stocks that nobody has heard of because
0:43.1	that's where you go find value.
0:44.5	You know what?
0:44.9	I'm pretty happy to own a stock that everybody's heard of today.
0:47.8	Shopify up about 25% beat gross merchandise volume projections.
0:52.5	The amount of stuff going through its system by about
0:55.1	$2 billion, total number for that, $70 billion. Revenue has grown 26%. We also got some commentary
1:02.0	from Shopify President Harvey Finkelstein about just how the company is helping its merchants with taxes.
1:07.9	How wonderful. What are your highlights from the quarter?
1:11.3	Well, sure, if I can ruin, if I can reply to your mocking with my own mocking,
1:16.3	you can do whatever you want. This is your time to speak. Well, you know, when I found Shopify,
1:21.8	no one had ever heard of it. Right? We had it. We, we, I remember Tom Gardner was up in Canada
	...

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