Shopify Stock: Bull vs. Bear
My fellow Texans know that Cinco de Mayo is one of the best holidays of the year. And for many of my neighbors, it's as important as July 4th. Filled with dancing, laughter, and history -- raising a Topo Chico mineral water in the heat of May is a nice reprieve from the scorching Texas sun.
However, a much more serious event was hosted by our neighbors to the north on May 5. It was on that day when Ottawa-based Shopify (NYSE: SHOP) reported its first-quarter earnings. Shares were down nearly 20% in reaction the report, setting a bearish tone for the year as the young company weans off its pandemic-induced growth spurt and dives into the abyss of rising interest rates and a potential recession.
Here's a breakdown that will give you a glimpse into the bull case and bear case for Shopify so you can better understand what's pressuring the stock right now.
Source Fool.com
