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home / news releases / SHOP - April Retail Sales Down And Stocks Sold Off I See Opportunities

SHOP - April Retail Sales Down And Stocks Sold Off I See Opportunities

Shopify Inc. Class A Subordinate

2024-05-19 23:14:35 ET

Summary

  • CPI data for April came in lower than expected, Retail came in cooler as well, causing a sell-off in consumer-discretionary stocks.
  • Stocks focused on services, particularly travel and entertainment, have potential to recover from recent losses.
  • Opportunities for investment and trading can be found in stocks like Airbnb, Uber, and Affirm, despite recent sell-offs.

CPI came in cooler than I expected

For further details see:

April Retail Sales Down And Stocks Sold Off, I See Opportunities
Stock Information
Company Name: Shopify Inc. Class A Subordinate
Stock Symbol: SHOP
Market: NYSE
Website: shopify.com
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