Shares of Shopify (NYSE: SHOP) were bucking the broad-market trend today and gaining two trading days after it posted better-than-expected third-quarter results and a day after rival Amazon missed the mark badly in its fourth-quarter guidance. As of 10:54 a.m. ET, Shopify stock was up 3.8% while the Nasdaq had lost 1.4%. Shopify's gains today appear to be an extension of its momentum from its earnings report last Thursday when the stock jumped 17%, and investors may be taking a closer look at the stock after Amazon plunged on weak guidance. Read More...
Last week, Boeing (NYSE: BA) reported that revenue returned to growth in Q3 and that the company had generated $2.9 billion of free cash flow in the period. With the global economy weakening, supply chains in tatters, and previous mistakes still costing Boeing billions of dollars, the company’s weak balance sheet makes Boeing stock look extremely unattractive. In some respects, Boeing made progress on its turnaround last quarter.