Maybe SHOP is down today on this. Though the article says Mar24 is when Zach’s first made the downgrade, sometime yesterday they apparently reposted.
http://finance.yahoo.com/news/shopify-shop-downgraded-strong…
Maybe they didn’t like SHOP continuing to rise, so they reposted?
-FrickNFool (who sees conspiracies everywhere)
Bought a small position today.
Robert
I always get the impression with Zacks that there are no people there at all, only computers. I have often seen strange, even bizarre pronouncements which could only have been made mechanically.
It must be machines.
On my daily portfolio, Zach’s has Shopify rated F on Value. Makes sense.
But it has it rated B on Growth? Was it rated B, because revenue was only up 89% for the year? Does that mean there are a whole category of stocks rated A that are up more than 89%?
And worse, it was rated D on Momentum ??? D on Momentum ??? Shopify ??? When they gave it that rating it was up over 150% from when I first bought it in less than a year, and was moving up a dollar a day. Who makes those ratings?
Saul
That drop Shopify took yesterday apparently improved its momentum, as its momentum rating moved up to C today. Oh well…