![shopify throttled shopify throttled](https://cdn.shopify.com/s/files/1/0490/7312/7591/products/gaming-shop-530292_1600x.jpg)
It’s simply pursuing more lucrative, profitable industries. But, in my view, only BlackBerry represents a good buying opportunity here. Shopify and BlackBerry stocks have both sold off big in recent months. The tech stock selloff has definitely got me looking into where I can find value. Lastly, Shopify does not have a good profitability profile, with paltry margins and returns. These customers are more likely to be impacted by the growing list of economic headwinds today, inflation and rising interest rates being the most dangerous. Also, that it deals with a lot of smaller clients. When Shopify first emerged, one of the risks was always that Shopify’s business is highly competitive. The problem is that the company is increasing spending by a lot to pursue this growth. I mean, many growth opportunities exist for Shopify. With this, earnings estimates for the quarters and years ahead are being ratcheted down. The problem here is that earnings and profitability are falling. BlackBerry is going after two of the most lucrative markets in technology today: the internet of things (IoT) market and the cybersecurity market. There’s been a lot of volatility in its stock price over the last three years. BlackBerry: Unlike Shopify, BlackBerry’s business is gaining positive momentumĪs one of Canada’s most interesting tech stories, BlackBerry is a tech stock to consider. No company can lose money forever, and no stock can sustain such lofty valuations. It’s also been that investors are looking at profitability. I think that would be good for the market.Ĭompanies like Shopify, whose business was always a valuable one, has been throttled. So, maybe moving forward, we will see more realistic valuations. There must be some realism and accounting of risk in valuations. No stock can go to the stratosphere forever. While this, in and of itself, is not a reason to buy, things are closer to making sense again.
![shopify throttled shopify throttled](https://variablecontent.co/wp-content/uploads/2019/10/Screen-Shot-2019-10-12-at-5.35.54-PM.png)
If you owned these stocks and rode them down, it has definitely been painful.īut here’s something to get excited about: many of these tech stocks are trading at their pre-pandemic levels. In what has been called the inevitable tech stock crash, we are left reeling. Finally, BlackBerry has sunk 35% and 60%, respectively. Shopify has retreated over 70% in 2022 and 76% from its high. The Canadian tech index has fallen 35% so far in 2022. Which one, if any, should you buy today? The revaluation of tech stocks: What Shopify and BlackBerry have in common Are there great buying opportunities today? Or do we need to wait for the dust to settle? Let’s consider two top Canadian tech stocks: BlackBerry (TSX:BB) (NYSE:BB) and Shopify (TSX:SHOP) (NYSE:SHOP). After years of explosive returns and sky-high valuations, it’s been a time of reckoning. See the help docs for Predictive Search for more information.Written by Karen Thomas, MSc, CFA at The Motley Fool Canada For the best search experience, we recommend searching on the default field set or as few fields as possible. The default fields searched on are: title, product_type, variants.title, and vendor. Valid fields are: author, body, product_type, tag, title, variants.barcode, variants.sku, variants.title, and vendor. Specifies the list of fields to search on. Set to hide to filter out unavailable products from the search results. Set to last to display unavailable products below other matching results. The three possible options are show, hide, and last. Specifies whether to display results for unavailable products. Specifies options for the requested resources based on the unavailable_products and fields settings. Valid values: product, page, article, collection. Requests resources results for the given query, based on the type and limit fields. Search path to prepend the predictive search route in different locales (e.g. Shopify Predictive Search JS API Configuration options Options