Shopify (NYSE: SHOP)
Shopify is an e-commerce platform that equips entrepreneurs and small business owners with the tools and software required to run their businesses effectively. The company reported an impressive set of results for the first nine months of 2023 (9M 2023). Revenue grew 27.2% year on year to US$4.9 billion while gross profit improved by 25.4% year on year to US$2.5 billion. Operating loss (excluding impairment charges) narrowed by 42.1% year on year to US$367 million....Growth stocks had a spectacular run last year.
The bellwether NASDAQ Composite Index surged by 43.4% for its best year since 2000.
The technology-heavy stock index could have more room to run as technology is at the forefront of human progress and advancement.
This simple fact means that investing in strong, growing technology stocks could help to lift your investment portfolio to higher levels in years to come.
We profile four successful technology companies that could make it to your buy watchlist of growth stocks.
