20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
- Shopify Inc (NYSE:SHOP) reported second-quarter FY22 sales growth of 16% year-on-year, to $1.29 billion, missing the consensus of $1.71 billion.
- Revenue from Subscription Solutions rose 10% Y/Y to $366.4 million, primarily due to more merchants joining the platform and Merchant Solutions increased 18% Y/Y to $928.6 million, driven primarily by the growth of Gross Merchandise Volume (GMV).
- GMV rose 11% Y/Y to $46.9 billion. Monthly Recurring Revenue (MRR) rose 13% Y/Y to $107.2 million.
- Margin: The non-GAAP gross margin contracted 500 bps to 51%, reflecting a greater mix of lower-margin Merchant Solutions revenue, lower margins in Shopify Payments due to mix, and increased investments in its cloud infrastructure.
- The adjusted operating margin loss was (3)%. The shrinkage reflected the expansion of its R&D and sales and marketing teams.
- Adjusted EPS loss of $(0.03) missed the consensus of $0.03.
- Shopify held $6.95 billion in cash and equivalents.
- Shopify looks to downsize by 1,000 workers, or 10% of its global workforce, marking a retreat from its pandemic bet on e-commerce growth.
- Price action: SHOP shares traded lower by 7.07% at $29.32 in the premarket on the last check Wednesday.
- Photo via Wikimedia Commons
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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