Published on 17 Oct 2024 on Insider Monkey · via Yahoo Finance
Shopify Inc. (SHOP): Empowering Global Commerce with Scalable Solutions
We recently published a list of 12 Most Profitable Growth Stocks To Invest In. In this article, we are going to take a look at where Shopify Inc. (NYSE:SHOP) stands against other most profitable growth stocks to invest in.
After the September inflation report, the market did feel a slight bit of panic but it seems to be fading away. After the report, the market expectations for a rate cut shifted, with 79.9% of participants predicting a cut to 450-475 basis points, while 20.1% expect the rates to remain unchanged. It was a change from 32.1% expecting a 50 bps rate cut and 67.9% anticipating a 25 bps cut at the beginning of the month as mentioned in our 8 Most Profitable Blue Chip Stocks to Invest in article.