Up 27% From its 52-Week Low, Is Shopify Stock Still a Buy? [Yahoo! Finance Canada]
MercadoLibre, Inc. (MELI)
Last mercadolibre, inc. earnings: 2/10 04:01 pm
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Source: Yahoo! Finance Canada
Shares of Shopify TSX:SHOP ) got pummelled on an awful Wednesday for the broader tech markets. Undoubtedly, it wasn't just a bad day for markets; it was a bloodbath, especially for the biggest semiconductor winners of the first half of 2024. Mega-cap tech (think the so-called Magnificent Seven companies) also took a massive punch to the face. As to whether the damage is the start of something uglier remains the trillion-dollar question. A correction would not be out of the ordinary. However, with many hard-hit tech plays already in a correction (that's a 10% drop from peak levels), questions linger as to whether it's time to buy or if it's a better idea to wait things out. The 2022 market selloff dragged on for months on end. ADVERTISEMENT So, there are situations where it's less than timely to be a net buyer of cheap stocks after a big drop. Shopify takes a plunge; sees past-year gains get wiped out Indeed, the start of tech earnings season has been pretty lacklustre. And
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MELI
Earnings
- 8/1/24 - Beat
MELI
Sec Filings
- 8/27/24 - Form 4
- 8/19/24 - Form 4
- 8/16/24 - Form 4
- MELI's page on the SEC website