12 February Watchlist ๐Ÿ‘€

Table of Contents

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Today we are watching…

1. Shopifyย (#shopc)

Itโ€™s the turn of Canadian e-commerce platform Shopify to make good on its promises, turn top-line into bottom-line, and deliver a convincing earnings beat this morning for investors. The company is aiming to eclipse analystsโ€™ estimates of $0.23 in profit per share on $481 million in revenue, but shareholders will also be interested in hearing about Shopifyโ€™s forays into Amazon-dominated fulfilment, the next natural step in helping its merchants compete. Itโ€™s likely that managementโ€™s sentiment on this topic will overrule the black and white nature of whether Shopify exceeds estimates.

2. Under Armour (#undrarm)

A CEO walkout, a failed restructuring program, a plunge in sales, a slash to guidance, and customers who arenโ€™t willing to pay full price for performance apparel. Under Armour has committed copious cardinal retail sins since its sales growth slammed to a halt three years ago, and the penny dropped yesterday. A drab earnings call led investors to hit the sell button as they were told to โ€œexpect the worstโ€ from 2020. Under Armour has fallen out of fashion, and the retailer is now reducing its brick-and-mortar store fleet across the States.ย  If thereโ€™s a plus side, expectations have never been lower!

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