Why SHOP is Taking a Post-Earnings Breather

Many fear an even bigger increase in treasury yields, following upbeat economic data

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2/17/2021 Have you seen our volatility scorecard? Sign up by clicking here! Wall Street Brushes Off Upbeat Retail Data as Stocks Sink By: Lillian Currens The markets remain volatile this afternoon, as Wall Street continues to look beyond this morning's surging retail numbers for January. At midday, the Dow Jones Industrial Average (DJI) is down roughly 70 points, following a brief climb into the black. Similarly, the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also firmly entrenched in the red. The Cboe Volatility Index (VIX), however, keeps distancing itself from the 20 mark, after dropping below it last week. Many investors fear last month's retail growth will only add to inflation expectations and increase bond yields -- fears that are being further stoked by the Labor Department's producer price index (PPI), which saw its biggest pop since the index's inception in 2009.  Continue reading for more on today's market, including: What's dragging down Shopify stock after its revenue beat.  The solar energy name bringing in the post-earnings analyst notes.  Plus, PRMW slammed by option traders; CLPS doubles after deal with digital payment platform; and PXS tumbles from three-year peak.  Share on Read More...       America's #1 Investor Reveals: The Investment of the Decade Since 2016, my investment recommendations have averaged 154% per year. (That's 10x the S&P. And 81 times the average investor, according to JP Morgan.) One investment I just uncovered could top them all... Get the complete story here. Sponsored In Case You Missed It... Slack Technologies Stock Dips Amid Antitrust Investigation The U.S. Department of Justice requested more information regarding a merger with Salesforce.com (CRM) Put Traders Pile on Solar Stock After Stellar Earnings SolarEdge Technologies reported better-than-expected fourth-quarter earnings and revenue Hilton Stock Tumbles Following Surprise Q4 Loss Hilton Hotels reported a surprisingly lackluster fourth-quarter report SHOP Drops Despite Holiday-Quarter Revenue Pop Shopify stock is brushing off a fourth-quarter earnings and revenue beat after indicating that revenue growth in 2021 could "normalize" MAJOR BUY ALERT: The #1 Investment of the Decade If you make just one investment in this new decade, I recommend this be it. It involves President Trump, billions of dollars, huge banks and a MAJOR upgrade to our credit and debit cards... Details here... Sponsored Want More Minute-to-Minute Updates? Ranking the most volatile stocks → Schaeffer's Volatility Scorecard Before the market opens → Opening View After the market close → Market Recap Last week's rundown → 5 Minute Market Rundown Analyzing the current market climate → Monday Morning Outlook What's on our CEO's radar this week → Chart of the Week Schaeffer's has a podcast, have you given us a listen?       ADVERTISE // CAREERS // SHOP Be sure to add us to your contacts so you don't miss out on any news! Unsure of how to do that? Follow our instructions located here. For more information about our privacy practices, please review our Privacy Policy or our Terms & Conditions. 5151 Pfeiffer Road Cincinnati, OH 45242 If you didn't create an account using this email address or no longer wish to receive these emails, please unsusbscribe here.