Jim Cramer Likes Jeff Bezos' Amazon Over Shopify, But Says It 'Does An Absolutely Terrific Job...Stick By It'
Portfolio Pulse from Benzinga Neuro
Jim Cramer, on CNBC's 'Mad Money', endorsed Shopify Inc. (NYSE:SHOP) as a strong e-commerce player, comparing it favorably with Amazon. Despite a recent stock decline after Q4 earnings, Cramer's support highlights Shopify's performance with small and medium-sized businesses. Shopify's stock saw a 4.90% increase to close at $81.33 in the latest trading session.
March 21, 2024 | 9:08 am
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Jim Cramer's endorsement of Shopify as a strong e-commerce player, despite a recent stock decline, could bolster investor confidence and potentially influence a short-term positive momentum in Shopify's stock price.
Jim Cramer's opinions are highly regarded in the investment community. His positive outlook on Shopify, especially in comparison to Amazon, and highlighting its strong performance with small and medium-sized businesses, could positively impact Shopify's stock price in the short term. The recent 4.90% increase in stock price post-earnings dip suggests a recovery trajectory that Cramer's endorsement may further support.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90