- The Street Sheet
- Posts
- 🛍️ Talking SHOP
HAPPY WEDNESDAY TO THE STREET.
Google is going nuclear. The company just agreed to fund three nuclear sites, stepping up its competition with other tech titans in the burgeoning space. If at first your monopoly doesn’t succeed, try, try again.
ICYMI, here’s what else happened on the Street today.
🟩 | US stocks ticked up today after the Federal Reserve left rates unchanged, as expected, though it also warned of potential stagflation.
📈 | One Notable Gainer: Disney $DIS ( ▲ 0.01% ) recaptured the magic after smashing earnings expectations and announcing a new theme park in Abu Dhabi.
📉 | One Notable Decliner: Alphabet $GOOGL ( ▼ 1.2% ) got one step closer to a breakup after the DOJ proposed the firm divest its ads business.
— Brooks & Cas
Sponsored by BOXABL
Most car factories like Ford or Tesla reportedly build one car per minute. Isn’t it time we do that for houses?
BOXABL believes they have the potential to disrupt a massive and outdated trillion dollar building construction market by bringing assembly line automation to the home industry.
Since securing their initial prototype order from SpaceX and a subsequent project order of 156 homes from the Department of Defense, BOXABL has made substantial strides in streamlining their manufacturing and order process. BOXABL is now delivering to developers and consumers. And they just reserved the ticker symbol BXBL on Nasdaq*
BOXABL has raised over $170M from over 40,000 investors since 2020. They recently achieved a significant milestone: raising over 50% of their Reg A+ funding limit! BOXABL is now only accepting investment on their website until the Reg A+ is full.
Disclosure: This is a paid advertisement for BOXABL’s Regulation A offering. Please read the offering circular here. This is a message from BOXABL
*Reserving a Nasdaq ticker does not guarantee a future listing on Nasdaq or indicate that BOXABL meets any of Nasdaq's listing criteria to do so.
STOCK HEATMAPS
S&P 500 Heatmap. Credit: Finviz
All Stock Heatmap. Credit: Finviz
Global ADR snapshot. Credit: Finviz
Market Movers
Super Micro, Novo Nordisk, Dayforce
$SMCI ( ▼ 2.86% ) Super Micro stock drops as AI server maker lowers revenue outlook on tariffs, economic uncertainty (YF)
$NVO ( ▲ 1.97% ) Novo Nordisk shares pop as drugmaker sees copycat Wegovy sales easing in 2025 (CNBC)
$DAY ( ▼ 0.87% ) Dayforce shares slide as revenue guidance falls short of expectations (SeekingAlpha)
$CRL ( ▲ 1.32% ) Charles River Stock Is Having Its Best Day in 13 Years. A Board Shake-Up and Business Review Will Help. (Barron’s)
$WW ( ▼ 4.45% ) WeightWatchers files for bankruptcy (CNN)
OVERHEAD ON THE STREET
WSJ: The Fed held rates steady at its May meeting, signaling divided opinions on whether to focus more on slowing hiring or rising inflationary risks.
Bloomberg: Apple $AAPL ( ▼ 0.71% ) wants to revamp Safari search with AI, amid calls to end Google’s $20B deal with the browser.
Fortune: The Trump family stands to make $2B from a crypto deal in the Middle East involving their stablecoin.
Reuters: BMW $BMWYY ( 0.0% ) showed it expects auto tariffs to come down in its 2025 outlook.
CNBC: Used vehicle prices in the US hit their highest levels since 2023 as auto tariffs drive demand and impact production.
Tomorrow's Trade Idea, Today
CAN SHOPIFY SIDE-STEP TARIFFS?
Not Just Any E-Commerce Company
E-commerce probably isn’t the first sector to come to mind when investors think of tariff-resistant plays. But Shopify $SHOP ( ▼ 3.11% ) isn’t just any e-commerce company, according to BMO Capital Markets.
Analyst Thanos Moschopoulos gave the stock an Outperform rating with a $120 price target, implying a nearly 27% upside.
According to the analyst, Shopify’s agile platform will give merchants flexibility to navigate short-term tariff volatility better than its competitors. He also expects this edge to allow the company to increase its market share.
Multiple Growth Engines
Despite a more than 11% YTD drop in its share price, Shopify is expanding strategically, the analyst said. The firm is focusing on building its B2B operations, and has seen gains since divesting its logistics segment in 2023. Both of these moves have helped to improve growth rates and operating leverage.
Moschopoulos believes this diversification has set the company up for long-term success and a strong market position. He added that Shopify is well-positioned to capitalize on several growth opportunities and outpace less nimble competitors.
AI, Efficiency & Analyst Confidence
BMO expects AI and cost-cutting measures to further enhance Shopify’s efficiency and competitiveness.
Between AI integration, strategic streamlining, and its competitive edge, the majority of analysts agree with the analyst’s take. According to LSEG data, 33 of 48 analysts covering the stock give it either a Buy or Strong Buy rating, and average price target estimates are in line with BMO’s upside outlook.
Tariffs may make the proverbial millennial dropshipper a thing of the past. But Shopify, which proved flexible enough to enable those pop-up business models, might just be agile enough to pivot away as well.
Are you bullish or bearish on Shopify (SHOP) over the next 12 months? |
Sponsored by BOXABL
Most car factories like Ford or Tesla reportedly build one car per minute. Isn’t it time we do that for houses?
BOXABL believes they have the potential to disrupt a massive and outdated trillion dollar building construction market by bringing assembly line automation to the home industry.
Since securing their initial prototype order from SpaceX and a subsequent project order of 156 homes from the Department of Defense, BOXABL has made substantial strides in streamlining their manufacturing and order process. BOXABL is now delivering to developers and consumers. And they just reserved the ticker symbol BXBL on Nasdaq*
BOXABL has raised over $170M from over 40,000 investors since 2020. They recently achieved a significant milestone: raising over 50% of their Reg A+ funding limit! BOXABL is now only accepting investment on their website until the Reg A+ is full.
Disclosure: This is a paid advertisement for BOXABL’s Regulation A offering. Please read the offering circular here. This is a message from BOXABL
*Reserving a Nasdaq ticker does not guarantee a future listing on Nasdaq or indicate that BOXABL meets any of Nasdaq's listing criteria to do so.
ON OUR RADAR
Reuters: India attacked Pakistan over tourist killings in Kashmir, prompting threats of retaliation from the latter.
CNBC: The EU will announce its next steps in response to US tariffs tomorrow.
WSJ: The same day, US and China officials will meet in Switzerland to resume trade talks.
AP: Speaking of China, the Asian nation rolled out more stimulus to counteract tariff impacts.
AV Club: Netflix $NFLX ( ▼ 0.29% ) is overhauling its user experience — and partnering with OpenAI to provide AI-assisted recommendations.
TUESDAY’S POLL RESULTS
Are you bullish or bearish on Sotera Health (SHC) over the next 12 months?
▇▇▇▇▇▇ 🐂 Bullish
▇▇▇▇▇▇ 🐻 Bearish
This message is a paid advertisement for Boxabl Inc. The Street Sheet (SS) receives a flat fee from Ad Astra Media totaling up to $5,250. Other than the compensation received for this advertisement sent to subscribers, The Street Sheet and its principals are not affiliated with Boxabl Inc. This advertisement is sponsored by a third-party Reg A crowdfunding issuer and is for informational purposes only. The Street Sheet does not endorse or recommend any specific offering, and this advertisement should not be construed as a recommendation to invest. Investing in securities, including those offered through Reg A crowdfunding, involves risk, including the potential loss of principal. These investments are speculative, illiquid, and may involve a higher degree of risk compared to more traditional investments. The Street Sheet has not verified the information provided by the advertiser, and we encourage readers to conduct their own due diligence and consult with a licensed financial advisor or other qualified professional before making any investment decision. By engaging with this advertisement, you acknowledge that The Street Sheet and its affiliates are not responsible for any decisions or actions taken based on the information provided in this advertisement. All investments carry risks, and past performance is not indicative of future results. Readers should carefully review all information provided by the issuer, including the offering circular and any other available materials, prior to investing. The Street Sheet may receive compensation from the advertiser for promoting this offering. The Street Sheet and its principals do not own any of the stocks or shares mentioned in this email or in the article that this email links to. The Street Sheet is a research service not owned or managed by registered brokers and therefore this site does not make any investment recommendations. The information provided in this newsletter is not guaranteed as to its accuracy or completeness. Each user of SS chooses to do trades at their sole discretion and risk. SS is not responsible for gains/losses that may result in the trading of these securities. This newsletter includes paid advertisements. The source of all third-party content in which SS receives some sort of compensation is clearly and prominently identified herein as "ad", "Sponsored", or “Together With”. Although we have sent you these advertisements, SS does not specifically endorse any third-party product nor is it responsible for the content, the accuracy, or the completeness of the advertisement or the experience with the third-party advertiser. Furthermore, we make no guarantee or warranty about what is in the advertisement. All investments involve risk, losses may exceed the principal invested, and the past performance of a security, industry, sector, market, or financial product does not guarantee future results or returns. This communication from The Street Sheet is for informational purposes only. It is not intended to serve as a recommendation to buy, sell, or hold any security and is not an offer or sale of a security. Information contained within should not be perceived as a research report and is not intended to serve as the basis for any investment decision. Any third-party views reflected herein do not reflect the opinion of The Street Sheet. All investments involve risk and the past performance of a security does not guarantee future results or returns. There is always the potential for financial loss when investing in securities or other financial products. The information contained in this newsletter is subject to change without notice, and we do not undertake any obligation to update it. Readers are encouraged to conduct their own research and due diligence and seek advice from licensed professionals regarding their specific financial needs and circumstances. By reading this newsletter, you agree to hold us harmless from any and all losses, liabilities, costs, or expenses arising from your use or reliance on the information provided. There is no warranty as to the accuracy or completeness of the factual matters included in any advertisement or sponsored content in the newsletter. You have not performed any research on any entity, or its business, that advertises or submits any sponsored content. The Street Sheet is reader-supported. When you buy through links on our site, we may earn a commission.
Reply