Q: So, with the blockbuster results and a strong guidance this morning, SHOP stock is flirting with the $222 high recorded on Nov 19, 2021, during the day's trading.
Amazing !!!
What would you do with the stock, if you own a decent position ( 6-7% : similar to 5i portfolios, after today's 20% jump) from a Technical, Fundamental and Portfolio management perspective ?
Thank You
Amazing !!!
What would you do with the stock, if you own a decent position ( 6-7% : similar to 5i portfolios, after today's 20% jump) from a Technical, Fundamental and Portfolio management perspective ?
Thank You
5i Research Answer:
The fundamentals are growing, and the narrative is strengthening with Tobi leading AI initiatives and shipping new services. The technicals are solid, with a strong uptrend since 2022; it is not hitting 'extreme' technical levels, especially relative to 2021. We could see some consolidation or 'retests' if it reaches above its previous all-time high from 2021, but overall, this is very much in-line with the broader market, where several high-growth tech names are hitting new highs. In our balanced model portfolio, we prefer to trim individual holdings at above a 7% weight, although, each individual has their own risk tolerance levels and 'sleep well at night' weights.