SHOP - Best Stock to Buy: Apple vs. Shopify
2023-12-08 10:07:00 ET
Electronics giant Apple (NASDAQ: AAPL) and e-commerce platform Shopify (NYSE: SHOP) have been big winners over the past five years. They've returned 355% and 387%, respectively, easily outperforming the stock market by a ratio of roughly 4-to-1. That shouldn't be a surprise. Some 2 billion people use Apple's iOS devices, and Shopify's e-commerce platform has helped online shopping become a way of life in modern society.
But that was then. You want to know about the future. Can both stocks keep their momentum up? And which is the better stock to own now? Let's take a closer look.
Apple and Shopify have little in common. One company makes and sells personal electronics; the other is a software company with a platform that helps merchants sell things online. However, free cash flow is the common trait that links all companies.
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Best Stock to Buy: Apple vs. Shopify