Direxion Daily SHOP Bull 2X ETF(SHPU.US)

Last Updated 19:00:00 ET
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Direxion Daily SHOP Bull 2X ETF
SHPU.US
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CIBC Says Shopify Alt Data Rises In Q4 And January

CIBC Says Shopify Alt Data Rises In Q4 And January

marketscreener·
US
SHOP
+0.87%
US
SHPU
+1.86%
marketscreener·
US
SHOP
+0.87%
US
SHPU
+1.86%

Lbp Am Sa Has $14.90 Million Stock Holdings in Shopify Inc. $SHOP

Lbp Am Sa reduced its stake in Shopify Inc. (NASDAQ:SHOP) by 32.2% in Q3, now holding 100,268 shares valued at approximately $14.90 million. Other institutional investors, including Vanguard and Jennison Associates, have also adjusted their positions in Shopify. The stock opened at $137.89, with a market cap of $179.51 billion. Shopify reported Q3 earnings of $0.27 EPS, surpassing estimates, and analysts predict a current fiscal year EPS of 1.12. The stock has a consensus rating of "Moderate Buy" with a price target of $171.61.

Market Beat·
US
XSW
-1.65%
US
SHOP
+0.87%
US
SHPU
+1.86%
Market Beat·
US
XSW
-1.65%
US
SHOP
+0.87%
US
SHPU
+1.86%

Amazon CEO says AI will shrink workforce in the coming years

Amazon CEO Andy Jassy announced that the company's extensive adoption of Artificial Intelligence (AI) will lead to a reduction in its corporate workforce in the coming years. Despite previously expanding its workforce during the pandemic, Amazon is now shifting its focus towards efficiency gains through AI. Jassy emphasized the need for employees to adapt and learn AI tools, as the company anticipates fewer jobs in certain areas. This follows a trend among companies like Shopify and Klarna, which have also reduced their workforces due to AI investments.

Invezz·
US
SHPU
+1.86%
US
CLOU
-0.14%
US
XSW
-1.65%
Invezz·
US
SHPU
+1.86%
US
CLOU
-0.14%
US
XSW
-1.65%

ChatGPT checkouts to take 4% cut of Shopify merchant sales - The Information

-- Source link: Note: Reuters has not verified this story and does not vouch for its accuracy

Reuters·
US
IGV
-1.06%
US
SHPU
+1.86%
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SHOP
+0.87%
Reuters·
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IGV
-1.06%
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SHPU
+1.86%
US
SHOP
+0.87%

AppLovin: Axon-Driven eCommerce Adoption and Higher-Quality Shopify Clients Support >40% Upside and Buy Rating

Citi analyst Jason Bazinet has maintained a Buy rating on AppLovin with a price target of $820. He cites strong Axon-driven eCommerce adoption and improved customer quality as key factors. The number of eCommerce clients using Axon has significantly increased, particularly among Shopify merchants, indicating substantial growth potential. Bazinet also notes that the average traffic ranking of top Axon-Shopify merchants has improved, suggesting higher-quality clients are adopting AppLovin's technology. Despite potential short-term risks, he believes the operational trends support his positive outlook. Piper Sandler also maintains a Buy rating with a $800 target.

Tip Ranks·
US
SHPU
+1.86%
US
APPX
+3.30%
US
SHOP
+0.87%
Tip Ranks·
US
SHPU
+1.86%
US
APPX
+3.30%
US
SHOP
+0.87%
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