Today we are watching…
1. Shopify (#shopify)
If you own any e-commerce growth stocks that aren’t soaring this year, something’s gone terribly wrong! There seems to be no ceiling on Shopify and its competitors, raging into the third quarter up a whopping 144%! Fueled by its in-house payment system and Plus subscription service, investors are hopeful that there are plenty more chapters left in Shopify’s growth story. Another page will be written today as the company aims to break-even, targeting profit per share estimates of $0.03 on $350 million in revenue.
2. Fiat Chrysler (#fca-milan)
A once quaint Italian carmaker has ballooned into an automotive juggernaut, pulling the strings of car brands like Alpha Romeo, Jeep, Dodge, and Maserati. It’s not been a smooth ride for the company since visionary CEO Sergio Marchionne died unexpectedly last year. Investors watch on as the change in leadership brings on huge organizational transformation, precisely at a time when sales appear to be breaking down. Fiat Chrysler could make some noise in Europe if it beats earnings today, but the market is skeptical. Wall Street estimates sit at $0.64 of profit per share on $31 billion in revenues.