Shopify Option Alert: Jun 20 $110 Puts at the Bid: 1200 vs 2725 OI

Shopify Option Alert: Jun 20 $110 Puts at the Bid: 1200 @ $6.85 vs 2725 OI; Ref=$122.1875

Shopify Option Alert: Sep 19 $160 Calls at the Bid: 800 vs 314 OI

Shopify Option Alert: Sep 19 $160 Calls at the Bid: 800 @ $7.25 vs 314 OI; Ref=$122.23

Shopify Option Alert: Jan, 2027 $60 Calls Sweep (20) near the Bid: 67 vs 112 OI

Shopify Option Alert: Jan, 2027 $60 Calls Sweep (20) near the Bid: 67 @ $76.3 vs 112 OI; Ref=$127.585

Shopify Option Alert: Dec, 2026 $125 Puts at the Bid: 700 vs 97 OI

Shopify Option Alert: Dec, 2026 $125 Puts at the Bid: 700 @ $26.35 vs 97 OI; Ref=$127.06

Shopify (NASDAQ:SHOP) 株価情報

Shopify

Shopify offers an e-commerce platform primarily to small and medium-size businesses. The firm has two segments. The subscription solutions segment allows Shopify merchants to conduct e-commerce on a variety of platforms, including the company's website, physical stores, pop-up stores, kiosks, social networks (Facebook), and Amazon. The merchant solutions segment offers add-on products for the platform that facilitate e-commerce and include Shopify Payments, Shopify Shipping, and Shopify Capital.

Amsterdam,,Netherlands,-,December,9,,2021:,Shopify,Ecommerce,Business,Platform,

News

Movers

SHOP

水曜日、米連邦準備制度理事会（FRB）が金利据え置きを決定したことを受けて、スポティファイ(Shopify ）（NYSE:SHOP）の株価が上昇した。

ショッピファイの株価が水曜日に8%上昇：何が起こったのか？

Equities

Markets

Media

ETFs

$BTC

ARKF

ARKK

ARKW

キャシー・ウッド率いるArk Investは火曜日、Shopify Inc (NYSE:SHOP) の株式を購入し、Block Inc (NYSE:SQ) の株式を売却するなど、いくつかの重要な取引を行いました。



Shopifyの取引



Ark InvestのETFは、Ark Fintech Innovation ETF (NYSE:ARKF)、 ARK Innovation ETF (NYSE:ARKK)、 ARK Next

キャシー・ウッド率いるArk Invest　ビットコインの下落を受けブロックの株式を売却｜ショッピファイ株を買い増し

Shopify Inc. - Class A Subordinate Voting Shares

Shopify Inc

SHOPX

Sunstone Hotel Investors, Inc. 6.125% Series H Cumulative Redeemable Preferred Stock

Sunstone Hotel Investors Inc

Sunstone Hotel Investors, Inc. 5.70% Series I Cumulative Redeemable Preferred Stock

Shopping

SHOPRITE HLDGS LTD S/ADR by Shoprite Holdings Ltd.

Shoprite Holdings Ltd

SHOPRITE HLDGS LTD ORD by Shoprite Holdings Ltd.

Fund manager Cathie Wood highlighted a handful of innovative and disruptive stocks that she says are set to displace the old guard in leading equity benchmarks. 
What Happened: On Wednesday, the CEO of Ark Invest took to X to reaffirm her conviction in several of the firm's most prominent holdings, describing them as being at the &#8220;tip of the spear&#8221; as technology-driven innovation disrupts legacy industries and &#8220;displaces the old world in equity benchmarks.&#8221;
The companies she spotlighted include Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) and Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>), which represent core positions worth <a href="https://cathiesark.com/ark-funds-combined/complete-holdings">over</a> $2.78 billion across Ark&#8217;s family of funds.
See Also: <a href="https://www.benzinga.com/markets/equities/25/05/45427865/teslas-350-billion-rally-isnt-just-a-rebound-gene-munster-says-its-riding-on-margins-robotaxis-elon-musk-and-ai">Tesla&#8217;s $350 Billion Rally Isn&#8217;t Just A Rebound — Gene Munster Says It&#8217;s Riding On Margins, Robotaxis, AI And Elon Musk</a>
This comes following Coinbase Global Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) inclusion into the S&amp;P 500 which was announced early this week, making it the first crypto company to do so. The company is replacing Discover Financial Services Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFS#NYSE">DFS</a>) in the index, which is being acquired.
Wood suggests that traditional index funds are increasingly misaligned with innovation, and says that &#8220;benchmarks are likely to chase innovation at an accelerated rate in the years ahead.&#8221;
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">In our view, <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a>, <a href="https://twitter.com/search?q=%24PLTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PLTR</a>, <a href="https://twitter.com/search?q=%24COIN&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$COIN</a>, and <a href="https://twitter.com/search?q=%24SHOP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SHOP</a> are at the tip of the spear as technologically-enabled innovation disrupts and displaces the old world in equity benchmarks. Benchmarks are likely to chase innovation at an accelerated rate in the years ahead. <a href="https://t.co/y9BO3EVUnn">https://t.co/y9BO3EVUnn</a>
&mdash; Cathie Wood (@CathieDWood) <a href="https://twitter.com/CathieDWood/status/1922718486805061863?ref_src=twsrc%5Etfw">May 14, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: Wood said on Tuesday that Coinbase&#8217;s inclusion into the S&amp;P 500 would compel other <a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45368175/cathie-wood-says-index-sensitive-managers-will-be-compelled-to-consider-coinbase-as-crypto-exchange-platform-joins-sp-500-index">index-sensitive fund managers</a> to consider the stock. 
Renowned for her bold, high-conviction bets, Wood <a href="https://benzinga.com/personal-finance/25/04/44653173/cathie-wood-just-made-a-bold-move-why-she-spent-over-65m-on-tesla-robinhood-and-coinbase-as-the-market-crashed">doubled down on stocks</a> such as Tesla, Coinbase, and Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) amid the turmoil surrounding equity markets during the first week of April, acquiring $65 million worth of stock. 
Speaking at an interview recently, Wood <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45335755/cathie-wood-stands-firm-on-bold-700000-bitcoin-prediction-for-investors-says-bull-case-in-the-1-5-million-range">reiterated her bullish stance</a> on Bitcoin (BTC/USD), stating a base-case scenario of $700,000 to $750,000 for the cryptocurrency by 2030, and a bullish case at $1.5 million.&nbsp;
&#8220;We&nbsp;have always had a 2030&nbsp;target, the base case in&nbsp;the $700,000 to $750,000 range,&nbsp;the bull case in the&nbsp;$1.5 million range,&#8221; she said, citing the digital currency&#8217;s potential to seize gold&#8217;s share as a store of value. 
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td class="has-text-align-center" data-align="center">Stocks / ETFs</td>
<td class="has-text-align-center" data-align="center">Year-To-Date Returns</td>
<td class="has-text-align-center" data-align="center">Ark&#8217;s Cumulative Holdings</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</td>
<td class="has-text-align-center" data-align="center">-8.33%</td>
<td class="has-text-align-center" data-align="center">10.05%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>)</td>
<td class="has-text-align-center" data-align="center">+73.13%</td>
<td class="has-text-align-center" data-align="center">5.49%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>)</td>
<td class="has-text-align-center" data-align="center">+2.41%</td>
<td class="has-text-align-center" data-align="center">7.54%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>)</td>
<td class="has-text-align-center" data-align="center">+3.65%</td>
<td class="has-text-align-center" data-align="center">4.67%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>)</td>
<td class="has-text-align-center" data-align="center">+55.65%</td>
<td class="has-text-align-center" data-align="center">4.96%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Ark Innovation ETF (BATS:&nbsp;ARKK)</td>
<td class="has-text-align-center" data-align="center">-0.09%</td>
<td class="has-text-align-center" data-align="center">&#8211;</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Ark Next Generation Internet ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#BATS">ARKW</a>)</td>
<td class="has-text-align-center" data-align="center">+9.44%</td>
<td class="has-text-align-center" data-align="center">&#8211;</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Source: Ark Invest</figcaption></figure>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="136" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/15013509/Screenshot-2025-05-15-at-11.04.58-AM-1024x136.png" alt="" class="wp-image-915963" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/15013509/Screenshot-2025-05-15-at-11.04.58-AM-1024x136.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/15013509/Screenshot-2025-05-15-at-11.04.58-AM-300x40.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/15013509/Screenshot-2025-05-15-at-11.04.58-AM-768x102.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/15013509/Screenshot-2025-05-15-at-11.04.58-AM-1536x204.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/15013509/Screenshot-2025-05-15-at-11.04.58-AM.png 1610w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
According to Benzinga&#8217;s Edge Stock Rankings, Coinbase scores in 79th percentile on growth, with a favorable price trend in the short, medium and long term. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Let&#8217;s see</a> how it compares with Tesla, Palantir, and other big Ark Invest holdings. 
Photo Courtesy: Ira Lichi On Shutterstock.com
Read More:
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<li><a href="https://www.benzinga.com/markets/equities/25/05/45427965/jim-cramer-says-even-safety-stocks-look-risky-warns-of-wild-card-in-washington-and-rising-treasury-yields-as-reasons-to-stay-away-from-sure-bets">Jim Cramer Says Even &#8216;Safety&#8217; Stocks Look Risky, Warns Of &#8216;Wild Card&#8217; In Washington And Rising Treasury Yields As Reasons To Stay Away From Sure Bets</a></li>
</ul>

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Sector ETFs

COIN

HOOD

PLTR

TSLA

Cathie Wood Says Palantir, Tesla, Coinbase And This Amazon Rival Are 'Tip Of The Spear' As Innovation Disrupts Old World In Equity Benchmarks

Global-E Online Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLBE#NASDAQ">GLBE</a>) shares are trading lower after the company <a href="https://www.benzinga.com/pressreleases/25/05/g45402182/global-e-reports-first-quarter-2025-results" target="_blank" rel="noreferrer noopener">reported its first-quarter FY25 results</a>.
Sales grew 30% year over year (Y/Y) to $189.9 million, beating the analyst consensus estimate of $187.87 million. Gross Merchandise Value (GMV) rose 34% Y/Y to $1.24 billion in the quarter.
The company reported&nbsp;$84.0&nbsp;million&nbsp;in service fees and&nbsp;$105.9&nbsp;million&nbsp;in fulfillment services revenue&nbsp;in the quarter.
Non-GAAP gross profit increased&nbsp;to&nbsp;$86.3&nbsp;million&nbsp;(+31%&nbsp;Y/Y), and non-GAAP gross margin expanded 10 basis points Y/Y to&nbsp;45.4%.
Adjusted EBITDA rose to&nbsp;$31.6&nbsp;million&nbsp;from&nbsp;$21.3&nbsp;million&nbsp;a year ago. The company's operating loss narrowed to&nbsp;$19.2 million&nbsp;from&nbsp;$29.3 million.
Loss per share was&nbsp;$0.11,&nbsp;<a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">beating the consensus loss of&nbsp;$0.13.</a>
Outlook: For the&nbsp;second quarter, Global-e Online projects GMV of&nbsp;$1.387 billion&nbsp;&#8211; $1.427 billion and revenue of&nbsp;$204 million&nbsp;to <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">$211 million&nbsp;vs.&nbsp;$209.63 million&nbsp;estimate</a>.
The company reiterated its FY25 guidance&nbsp;for GMV at $6.190 billion &#8211; $6.490 billion and revenue at $917 million &#8211; $967 million vs. the consensus&nbsp;of&nbsp;$931.39 million.
&#8220;We had another quarter of strong results, demonstrating our ability to grow fast even within macroeconomic turbulent times with Q1 results coming in at or above the midpoints across our guidance,&#8221; founder and CEO Amir Schlachet said.  
&#8221;While the market remains volatile with a higher level of uncertainty given the ongoing global duty tariff dynamics, our pipeline is very active and we see increased interest in our services.&#8221;
In a separate release, the company disclosed a new 3-year strategic partnership agreement with Shopify Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NASDAQ">SHOP</a>) which extends the companies&#8217; existing long-term strategic partnership for both their first-party (1P, i.e., Shopify Managed Markets) <a target="_blank" href="https://www.benzinga.com/pressreleases/25/05/g45401960/global-e-and-shopify-sign-new-multi-year-strategic-partnership-agreement-extending-relationship" rel="noreferrer noopener">and third-party (3P) solutions</a>.
Investors can gain exposure to the stock via Amplify ETF Trust Amplify BlueStar Israel Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITEQ#NYSE">ITEQ</a>) and First Trust Exchange-Traded Fund VIII FT Raymond James Multicap Growth Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RJMG#NYSE">RJMG</a>).
Price Action: At the last check on Wednesday, GLBE shares were trading lower by 14.60% at $36.20 premarket.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/25/04/44672420/pros-global-e-sps-commerce-stand-out-as-tariffs-reshape-software-spending-priorities-analyst" target="_blank" rel="noreferrer noopener">PROS, Global-E, SPS Commerce Stand Out As Tariffs Reshape Software Spending Priorities: Analyst</a></li>
</ul>
Photo: Shutterstock

Earnings

Mid Cap

Guidance

GLBE

ITEQ

RJMG

Global-e Q1: Sales Up 30%, GMV Soars 34%, Extends Strategic Partnership With Shopify

WIIM

Shopify shares are trading higher after it was announced the stock will join the Nasdaq-100 beginning May 19.

Wall Street opened Tuesday with cautious gains after inflation data for April came in cooler than expected, calming investor concerns over <a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45374267/inflation-eases-in-april-as-trumps-tariffs-dont-push-prices-higher">tariff-driven price spikes. </a>
April's inflation report showed consumer prices rising 2.3% year over year, slightly below the 2.4% forecast and down from the previous month's reading of 2.4%. On a monthly basis, prices increased 0.2%, rebounding from March's 0.1% decline but missing expectations of a 0.3% gain.
Core inflation, which excludes food and energy, held steady at 2.8% annually—matching both March&#8217;s figure and economists' forecasts. Month over month, core prices rose 0.2%, a modest acceleration from March's 0.1% increase but still softer than the expected 0.3%.
Shelter remained a major contributor to inflation, rising 0.3% in April and accounting for over half of the monthly increase in the overall Consumer Price Index. Meanwhile, several categories posted price declines, including airline fares, used cars and trucks, communication services and apparel.
Despite inflation coming in below forecasts, expectations for interest rate cuts held steady. Traders still see just an 8% chance of a cut in June, rising to 38% for July. Markets continue to price in a total of 60 basis points in rate reductions by year-end, well below the almost 75 basis points priced a week ago.
The Nasdaq 100 led major benchmarks, rising 0.37% and on track to open at its highest level in 10 weeks.
<h3 class="wp-block-heading">Index Moves: Nasdaq Shakes Off Bear Market</h3>
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Index</th>
<th>Level</th>
<th>Change</th>
</tr>
</thead>
<tbody>
<tr>
<td>S&amp;P 500</td>
<td>5852.58</td>
<td>+0.14%</td>
</tr>
<tr>
<td>Dow Jones Industrial Average</td>
<td>42268</td>
<td>-0.33%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20945</td>
<td>+0.37%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 9:15 a.m. ET</figcaption></figure>
Since its April low, the tech-heavy benchmark – as tracked by the Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) – has rallied 27%, sharply rebounding from last month's bear market triggered by the implementation of Trump's new tariffs on April 2.
Semiconductors remained the strongest segment within tech. The iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) added another 0.7% in premarket after an explosive 7.2% surge Monday, buoyed by investor optimism following the U.S.-China trade truce.
<h3 class="wp-block-heading">Top Post-CPI Movers: Financials Lead</h3>
Shares of credit and fintech firms jumped in the 30 minutes following the inflation report:
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Company</th>
<th>Change (%)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Discover Financial Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFS#NYSE">DFS</a>)</td>
<td>+2.42%</td>
</tr>
<tr>
<td>American Express Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>)</td>
<td>+2.33%</td>
</tr>
<tr>
<td>NetEase Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>)</td>
<td>+1.97%</td>
</tr>
<tr>
<td>KLA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>)</td>
<td>+1.85%</td>
</tr>
<tr>
<td>Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>)</td>
<td>+1.44%</td>
</tr>
<tr>
<td>Royal Caribbean Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>)</td>
<td>+1.31%</td>
</tr>
<tr>
<td>Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>)</td>
<td>+1.12%</td>
</tr>
<tr>
<td>Lowe's Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>)</td>
<td>+1.09%</td>
</tr>
<tr>
<td>ServiceNow Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>)</td>
<td>+0.96%</td>
</tr>
</tbody>
</table>
</figure>
<h3 class="wp-block-heading">S&amp;P 500 Premarket Gainers</h3>
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Company</th>
<th>Change (%)</th>
</tr>
</thead>
<tbody>
<tr>
<td>First Solar Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>)</td>
<td>+9.73%</td>
</tr>
<tr>
<td>Live Nation Entertainment Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>)</td>
<td>+3.53%</td>
</tr>
<tr>
<td>Air Products and Chemicals Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APD#NYSE">APD</a>)</td>
<td>+3.42%</td>
</tr>
<tr>
<td>Western Digital Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>)</td>
<td>+2.92%</td>
</tr>
<tr>
<td>Builders FirstSource Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLDR#NYSE">BLDR</a>)</td>
<td>+2.31%</td>
</tr>
</tbody>
</table>
</figure>
<h3 class="wp-block-heading">S&amp;P 500 Premarket Losers</h3>
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Company</th>
<th>Change (%)</th>
</tr>
</thead>
<tbody>
<tr>
<td>UnitedHealth Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>)</td>
<td>-9.78%</td>
</tr>
<tr>
<td>Enphase Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>)</td>
<td>-5.11%</td>
</tr>
<tr>
<td>Texas Pacific Land Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPL#NYSE">TPL</a>)</td>
<td>-4.05%</td>
</tr>
<tr>
<td>Elevance Health Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELV#NYSE">ELV</a>)</td>
<td>-3.78%</td>
</tr>
<tr>
<td>PPG Industries Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPG#NYSE">PPG</a>)</td>
<td>-3.51%</td>
</tr>
</tbody>
</table>
</figure>
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Image created using artificial intelligence via Midjourney.

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SOXX

Wall Street Climbs As Inflation Cools, Nasdaq 100 Hits 10-Week Highs

President Donald Trump has significantly reduced tariffs on Chinese imports as the United States enters a 90-day period of trade negotiations with China, according to a May 12 executive order.
What Happened: The order decreases the de minimis tariff rate on low-value Chinese imports from 120% to 54%, effective May 14. 
Additionally, the planned increase of the per-postal-item duty from $100 to $200, originally scheduled for June 1, has been suspended. The executive order also lowers general Chinese import tariffs to 10% by suspending 24% from the previously imposed rate for the 90-day negotiation period.
Trump justified these reductions by stating that China has taken &#8220;significant steps to remedy non-reciprocal trade arrangements&#8221; by entering discussions with the United States to address &#8220;the lack of trade reciprocity in our economic relationship and our resulting national and economic security concerns.&#8221; 
See Also: <a href="https://www.benzinga.com/markets/equities/25/05/45366471/elliott-management-scores-key-win-in-phillips-66-proxy-fight-as-iss-backs-all-four-board-nominees-ahead-of-may-21-vote">Elliott Management Scores Key Win In Phillips 66 Proxy Fight As ISS Backs All Four Board Nominees Ahead Of May 21 Vote</a>
Why It Matters: The tariff adjustments represent a significant shift in Trump&#8217;s trade strategy that previously targeted Chinese e-commerce platforms like Temu owned by PDD Holdings Inc &#8211; ADR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) and Shein, after closing the de minimis exemption that had allowed <a href="https://www.benzinga.com/news/retail-sales/25/04/44714336/temu-shein-brace-for-impact-as-trumps-tariff-torpedo-blows-up-the-800-loophole">goods valued under $800 </a>to enter the United States duty-free. 
The earlier crackdown had substantial ripple effects across digital advertising markets, with Sensor Tower reporting that <a href="https://www.benzinga.com/25/05/45190742/meta-google-snap-set-to-lose-billions-in-ad-revenue-from-chinese-sellers-as-trump-closes-de-minimis-loophole-report">Temu reduced its average daily U.S. advertising</a> spend by 31% between March and mid-April. 
Marketing firm Tinuiti noted that Temu, which represented 19% of all U.S. Google Shopping ads, saw its share <a href="https://www.benzinga.com/25/05/45190742/meta-google-snap-set-to-lose-billions-in-ad-revenue-from-chinese-sellers-as-trump-closes-de-minimis-loophole-report">drop to zero just one week later</a>. 
Image Via Shutterstock
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Regulations

Politics

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Economics

BIGC

LSPD

Citigourp Global Markets 2% Protected Notes Linked To The Djia

Trump Lowers De Minimis Tariff On Chinese Imports From 120% To 54%, Pauses $200 Postal Fee Amid 90-Day Trade Shift

Shopify Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NASDAQ">SHOP</a>) shares jumped 14.8% to $105.26 Monday afternoon. It was earlier <a href="https://ir.nasdaq.com/news-releases/news-release-details/shopify-inc-join-nasdaq-100-indexr-beginning-may-19-2025#:~:text=(Nasdaq%3A%20SHOP)%2C%20will,100%20Equal%20Weighted%E2%84%A2%20Index.">announced</a> the stock will join the Nasdaq-100 beginning May 19, replacing MongoDB. The move positions Shopify among the market's top tech names and could attract index-fund inflows.
What Else: The e-commerce platform <a href="https://www.benzinga.com/analyst-ratings/price-target/25/05/45328107/shopify-shows-strong-global-momentum-but-guidance-raises-questions-on-profitability-path">reported</a> strong first-quarter results last Thursday, with revenue climbing 26.8% year-over-year to $2.36 billion, beating estimates. 
Gross merchandise volume <a href="https://www.benzinga.com/pressreleases/25/05/g45332641/shopify-inc-to-join-the-nasdaq-100-index-beginning-may-19-2025">rose 22.8%</a> to $74.75 billion, though adjusted EPS of 25 cents narrowly missed forecasts. Analysts cited robust growth in global merchant activity and resilient consumer demand as key drivers.
Sentiment also improved as the U.S. and China reached a <a href="https://www.benzinga.com/government/regulations/25/05/45347089/wall-street-rips-higher-as-tariff-truce-halts-us-china-economic-escalation">landmark agreement</a> to slash tariffs, easing recession and inflation fears. With U.S. tariffs dropping from 145% to 30% and China's from 125% to 10%, global trade pressures are receding. 
Shopify noted minimal exposure to Chinese imports, suggesting limited direct impact from prior tariff risks. Analysts from Goldman Sachs and Piper Sandler expect continued growth into the second-quarter, with revenue forecast around $2.56 billion and EPS of 30 cents. Shopify's international momentum meanwhile remains a key pillar of its bullish outlook.
Read Also: <a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45353863/new-inflation-data-hits-tuesday-why-it-could-kill-fed-rate-cut-hopes">New Inflation Data Hits Tuesday: Why It Could Kill Fed Rate Cut Hopes</a>
<h2 class="wp-block-heading">How To Buy SHOP Stock</h2>
By now you're likely curious about how to participate in the market for Shopify &#8211; be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of <a href="https://www.benzinga.com/money/best-stock-trading-platforms">possible trading platforms here.</a> Many will allow you to buy &#8220;fractional shares,&#8221; which allows you to own portions of stock without buying an entire share.
In the case of Shopify, which is trading at $104.42 as of publishing time, $100 would buy you 0.96 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to &#8220;go short&#8221; a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading &#8211; either way it allows you to profit off of the share price decline.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, SHOP has a 52-week high of $106.35 and a 52-week low of $69.84.

Why Shopify (SHOP) Stock Hit A New 52-Week High Today

Reported May 9, 2025: Shopify To Join The Nasdaq-100 Index Beginning May 19, 2025

UBS analyst Timothy Chiodo maintains Shopify (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NASDAQ">SHOP</a>) with a Neutral and lowers the price target from $125 to $110.

Price Target

Analyst Ratings

UBS Maintains Neutral on Shopify, Lowers Price Target to $110

JP Morgan analyst Reginald Smith maintains Shopify (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NASDAQ">SHOP</a>) with a Overweight and lowers the price target from $124 to $115.

JP Morgan Maintains Overweight on Shopify, Lowers Price Target to $115

Shopify Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NASDAQ">SHOP</a>) reported&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/25/05/45286313/shopify-q1-gross-margin-contracts-misses-profit-estimate" rel="noreferrer noopener">fiscal first-quarter</a> results&nbsp;on Thursday. The company&#8217;s quarterly revenue growth&nbsp;of 26.8% to $2.36 billion beat the&nbsp;analyst consensus estimate of&nbsp;$2.33 billion.&nbsp;
The e-commerce platform company reported adjusted EPS of $0.25, up 25% but missed the&nbsp;analyst consensus&nbsp;estimate&nbsp;of $0.26.
Also Read: <a href="https://www.benzinga.com/trading-ideas/movers/25/05/45234498/shopify-q1-likely-solid-but-analyst-says-tariff-commentary-and-q2-outlook-will-steer-investor-focus" target="_blank" rel="noreferrer noopener">Shopify Q1 Likely Solid, But Analyst Says Tariff Commentary And Q2 Outlook Will Steer Investor Focus</a>
Gross merchandise volume increased 22.8% to $74.75 billion. Merchant solutions revenue increased 28.9% to $1.74 billion.&nbsp;
Wall Street analysts rerated the stock after the report.
<ul class="wp-block-list">
<li>Piper Sandler analyst Clarke Jeffries had a Neutral rating on Shopify with a <a target="_blank" href="https://www.benzinga.com/quote/SHOP/analyst-ratings" rel="noreferrer noopener">price target of $104</a>.</li>
<li>Goldman Sachs analyst Gabriela Borges maintained a Buy rating on Shopify with a price target of $120, down from $130.</li>
</ul>
Piper Sandler: GMV grew 23%, driven by same-store sales growth for existing customers and growth in merchants globally. Management noted that only 1% of overall GMV is related to imports from China, subject to the de minimis exemption, Jeffries said.
The second-quarter guidance factors in continued strength in GMV data through April and May, translating to mid-20s revenue growth and high-teens gross profit growth. Guiding to mid-20s revenue growth but expecting to see high-teens gross profit growth will likely be the primary nitpick for investors, the analyst stated.
Free cash flow margins will likely be again in the mid-teens range. Jeffries will closely monitor this into next quarter, as he noted a decline in free cash flow margins would be a negative event for the stock.
Shopify is successfully benefiting from the globalization of commerce through digital technology, and the scale advantages built in the North American market translate to substantial market share gains abroad. International is the linchpin to believing Shopify can continue to grow at ~20% over the medium term and is crucial for the bull story.
Jeffries projected second-quarter revenue of $2.56 billion and EPS of $0.30.
Goldman Sachs: Shopify&#8217;s GMV multiplier as a percentage of U.S. eCommerce growth remains strong, indicating continued market share gains that will likely expand further in periods of volatility even as U.S. eCommerce growth slows. Shopify continues progressing in the enterprise, which Borges expects to be a key growth driver in 2025.
Shopify&#8217;s data has shown little evidence of a slowdown, with strength in April and early May. When asked about Flexport&#8217;s view of disruption, Shopify noted that it has not seen similar trends and that its merchant bases have different characteristics.
While management acknowledged continued uncertainty and noted that the full impact of the current trade environment remains to be seen, they shared some metrics to help investors understand Shopify&#8217;s exposures.
Cross-border continues to make up 15% of GMV, with half of this number representing U.S. trade, which is split between inbound and outbound. 1% of the overall GMV is from China and is subject to the de minimis exemption.
While Shopify has seen some merchants raise prices, they have not seen broad pricing increases and noted that their typical consumer is more resilient to pricing increases, the analyst said.
Shopify believes its merchant base is exposed to verticals that are more able to adapt, with limited exposure to verticals like electronics and higher exposure to verticals like fashion, apparel, and beauty. Management is skeptical that tariffs have pulled forward demand, noting that China&#8217;s production capacity limits the degree to which it can flex upwards, Borges noted.
Pressure on gross margins in 2025 is due to the PayPal partnership, payments increasing as a % of the business, noncash revenue rolling off, enterprise traction, and the impact from longer paid trial lengths causing pressure on subscription revenue growth. While Merchant Solutions&#8217; gross margin will continue to be pressured by payments, Payment adoption can help increase the adoption of many of Shopify&#8217;s newer margin-accretive products, which should help margins stabilize over time.
While free cash flow margins will likely trend sideways in 2025, the analyst noted the potential for structurally higher terminal margins due to Shopify&#8217;s vertical software competitive moat.
SHOP Price Action:&nbsp;Shopify stock is down 2.93% at $91.25 at the last check on Friday.
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Photo: Shutterstock

Reiteration

Trading Ideas

Shopify Shows Strong Global Momentum, But Guidance Raises Questions On Profitability Path

Morgan Stanley maintains Shopify (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NASDAQ">SHOP</a>) with a Overweight and raises the price target from $106 to $112.

Morgan Stanley Maintains Overweight on Shopify, Raises Price Target to $112

Barclays analyst Trevor Young maintains Shopify (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NASDAQ">SHOP</a>) with a Equal-Weight and lowers the price target from $100 to $94.

Barclays Maintains Equal-Weight on Shopify, Lowers Price Target to $94

On Thursday, Cathie Wood-led Ark Invest made significant moves in the stock market, focusing on Shopify Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NASDAQ">SHOP</a>), Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), and Block Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYZ#NYSE">XYZ</a>).
The Shopify Trade
Ark Invest&#8217;s funds, including Ark Fintech Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#BATS">ARKF</a>), ARK Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#BATS">ARKK</a>), and ARK Next Generation Internet ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#BATS">ARKW</a>), collectively acquired 228,824 shares in Shopify. This move comes after Shopify reported a 26.8% year-over-year increase in revenue for its <a href="https://www.benzinga.com/news/earnings/25/05/45286313/shopify-q1-gross-margin-contracts-misses-profit-estimate">fiscal first quarter</a>, reaching $2.36 billion, which surpassed analyst expectations of $2.33 billion. Despite this revenue growth, Shopify&#8217;s stock experienced a decline following the announcement due to a contraction in gross margins. On Thursday, the shares ended 0.5% lower at $94. The Ark purchase amounted to $21.5 million.
The Palantir Trade
Ark Invest trimmed its position in the Alex Karp-led company across its ARKF, ARKK, and ARKW funds, offloading a total of 135,572 shares. Based on Thursday's closing price of $119.15—up 7.85% on the day—the trades were valued at approximately $16.1 million.
This decision follows Palantir&#8217;s <a href="https://www.benzinga.com/news/25/05/45292541/palantir-pltr-stock-gains-5-thursday-whats-going-on">recent earnings report</a>, which showed a 39% increase in revenue year-over-year, reaching $883.86 million and surpassing analyst expectations. The company&#8217;s U.S. revenue saw a significant 55% rise, driven by a 71% surge in commercial revenue. Despite the positive earnings, Ark Invest has been <a href="https://www.benzinga.com/25/05/45274539/cathie-wood-strengthens-ai-chip-holdings-with-nvidia-and-amd-purchases-reduces-palantir-position-by-another-38-8-million">trimming its position</a> in Palantir. On Wednesday, the firm offloaded shares worth $38.8 million, while on Tuesday it had sold $41 million worth. Palantir makes up 6.01% of Ark's portfolio by weight, with total holdings valued at $301.3 million.
The Block Trade
Ark Invest also decreased its stake in the Jack Dorsey-led company, selling a total of 256,593 shares across its ARKF, ARKK, and ARKW funds. This decision follows Block&#8217;s disappointing <a href="https://www.benzinga.com/news/earnings/25/05/45152696/block-shares-drop-after-worse-than-expected-q1-results-details">first-quarter earnings report</a>, which revealed earnings of 56 cents per share, missing the analyst consensus estimate of 87 cents. Additionally, the Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)-focused company&#8217;s quarterly revenue of $5.77 billion fell short of the expected $6.2 billion.
Other Key Trades:
<ul>
<li>ARKK and ARKG purchased shares of Veracyte Inc. </li>
<li>ARKK acquired shares of GitLab Inc. </li>
<li>ARKG sold shares of Adaptive Biotechnologies Corp. </li>
</ul>
Benzinga Edge Stock Rankings show that Palantir has a Momentum in the 99th percentile and Growth in the 87th percentile. Want to know how your favorite stock ranks up? <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="445" height="281" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/08214546/Screenshot-2025-05-09-at-10.45.25.png" alt="" class="wp-image-909314" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/08214546/Screenshot-2025-05-09-at-10.45.25.png 445w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/08214546/Screenshot-2025-05-09-at-10.45.25-300x189.png 300w" sizes="(max-width: 445px) 100vw, 445px" /></a></figure>
Photo Courtesy: Ira Lichi On Shutterstock.com
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Cathie Wood's $21.5 Million Shopify Grab Defies Post-Earnings Dip, Ark Continues Dumping Palantir, Also Chops Jack Dorsey's Block

SHOP stock has given up its prior loss. Shopify shares were trading lower. The company reported Q1 financial results.

Kintsugi, a San Francisco-based AI-driven <a href="https://www.benzinga.com/politics/25/05/45178685/tax-cuts-and-jobs-act-could-expire-at-end-of-2025-without-congressional-extension-what-this-means-for-you">tax</a> compliance startup, has secured $18 million in new funding, doubling its valuation to $150 million within six months.
The funding round was led by Vertex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERX#NASDAQ">VERX</a>), a global provider of indirect tax technology solutions, which invested $15 million for a 10% ownership stake. According to the company's<a href="https://trykintsugi.com/blog/vertex-expands-ai-tax-compliance-with-kintsugi"> statement</a> released last week, the partnership includes IP sharing and a commercial arrangement, with Vertex joining Kintsugi&#8217;s board of directors.
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<h2 class="wp-block-heading">AI-Powered Tax Compliance for SMBs</h2>
Founded in 2023 by CEO Pujun Bhatnagar and chief of technology Jeff Gibson, Kintsugi offers an AI-powered platform designed to automate sales tax compliance for small and medium-sized <a href="https://www.benzinga.com/news/25/01/43219503/charlie-mungers-three-investment-lessons-buy-wonderful-businesses-at-fair-prices-big-money-isnt-in-buying-or-selling-its-in-waiting-good-businesses-are-ethical-businesses">businesses</a>.
The platform integrates with popular revenue sources like Shopify (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NASDAQ">SHOP</a>), Stripe, Chargebee, and QuickBooks, enabling real-time data ingestion and instant tax liability calculations. Businesses can calculate their sales tax liability for free, with charges applied for tax filing services. An auto-remit feature allows for full automation of the filing process, TechCrunch reports.
According to the company, Kintsugi&#8217;s solution reduces preparation time by 75% and compliance costs by 50% for e-commerce and SaaS businesses. The startup boasts a 0.1% churn rate and has a customer base of 2,400 companies, ranging from pre-revenue startups to enterprises generating up to $500 million in revenue. In 2024, Kintsugi generated $3 million in annual revenue and aims to surpass $10 million by the end of this year, TechCrunch reported.&nbsp;
Trending: Donald Trump just announced a $500 billion AI infrastructure deal — <a href="https://www.benzinga.com/money/seize-a-share-while-you-still-can-in-the-2-trillion-entertainment-market-with-elf-labs-at-just-2-25-share">here's how you can invest in the entertainment market's next big disruptor at $2.25 per share</a>.
<h2 class="wp-block-heading">Kintsugi's Strategic Partnership with Vertex</h2>
Vertex&#8217;s investment in Kintsugi complements its focus on large enterprise multinational companies and complex mid market businesses. &#8220;Kintsugi brings innovative AI-enabled capabilities to address the needs of the indirect tax market in new and creative ways,&#8221; said&nbsp; Chirag Patel, Vertex&#8217;s chief strategy officer, in a company <a href="https://www.vertexinc.com/company/news/latest-news/vertex-announces-strategic-investment-ai-tax-compliance-startup-kintsugi">statement</a> last week. &#8220;Through the IP sharing agreement, this investment will help accelerate our AI roadmap to deliver new innovations for our mid-market and enterprise customers globally.&#8221;
In addition to the $15 million investment, TechCrunch reports that Vertex has committed to investing $10 million to $12 million in AI advancements, leveraging Kintsugi&#8217;s intellectual property to enhance its own AI-focused developments. This strategic move allows Vertex to expand its reach into the SMB market while supporting innovation in tax automation, the company said in its statement last week.
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<h2 class="wp-block-heading">Global Expansion and Future Outlook</h2>
According to TechCrunch, Kintsugi has already expanded its operations from the U.S. to Canada and Europe and plans to go live in South America, Africa, and the Eastern world, including India and China. Currently, SaaS companies comprise 45% of Kintsugi&#8217;s customer base, accounting for 5.5 million transactions valued at $7.7 billion.
With over 93% profit margins and a growing customer base, says TechCrunch, Kintsugi is well-positioned to become a leader in the tax compliance technology landscape. The partnership with Vertex provides Kintsugi with financial backing and strategic support to accelerate its mission to make tax compliance painless and accessible for growing businesses.
As digital commerce continues to evolve and tax regulations become increasingly complex, Kintsugi&#8217;s AI-driven platform aims to offer a streamlined, automated solution for businesses navigating the intricate world of sales tax compliance.&nbsp;
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VERX

Vertex's $15M Investment Elevates Kintsugi To $150M Valuation–The Startup Aims To Simplify Tax Compliance For SMBs Worldwide

U.S. stocks rallied Thursday after the Trump administration signed its first major trade agreement with the United Kingdom, igniting optimism about further global deals — especially with China — and lifting investor <a href="https://www.benzinga.com/markets">appetite for riskier assets.</a>
The S&amp;P 500 jumped 1.3% to close at 5,700, led by gains in technology stocks. The Russell 2000 soared 2.1%, outperforming larger-cap counterparts and fully recovering the losses triggered by the April 2 tariff announcement.
Under the deal, the U.S. slashed tariffs on UK-made vehicles from 25% to 10%, granting British carmakers a 100,000-vehicle quota. In return, the UK reduced tariffs on American beef to near-zero levels and pledged to purchase $10 billion worth of Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) aircraft. Trump confirmed that the 10% tariff would remain the baseline for now, though he suggested other nations with large trade surpluses should expect higher rates.
During a press briefing, Trump hinted at the &#8220;biggest tax cuts in history&#8221; and urged investors to act: "You better go out and buy stock. This country will be like a rocket ship," he said.
The president also responded to Federal Reserve Chair Jerome Powell, who noted a day earlier he hadn't been invited to meet with Trump. "I could call him from a meeting, but it's like talking to a wall," Trump said. 
"He's always too late [in cutting interest rates]. But in this case, it's not going to matter that much because our country is so strong."
Markets reflected that strength. The U.S. dollar rallied sharply as the new trade deal and reduced economic uncertainty boosted confidence. The U.S. Dollar Index (DXY) jumped to its highest level since April 11, climbing over 1% against the Japanese yen.
Treasury yields rose across the curve, with the 10-year yield adding 7 basis points to reach 4.34%.
In commodities, gold prices dropped as investors rotated out of safe havens. The SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) fell 1.5%, trimming its weekly gains. Oil prices rose 3.5%, with West Texas Intermediate crude topping $60 per barrel.
Crypto markets erupted higher. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) broke above $100,000 for the first time since February, rising 4.1%. Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) surged 13%, while Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) gained 10%.
<h3 class="wp-block-heading">Thursday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day % Chg</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,030.85</td>
<td>+2.1%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,218.21</td>
<td>+1.8%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>41,683.40</td>
<td>+1.4%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,707.58</td>
<td>+1.3%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated by 12:10 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rallied 1.4% to $569.13.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) rose 1.4% to $416.94.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;rallied 1.8% to $491.78.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) soared 2.2% to $201.78.</li>
<li>The&nbsp;Energy&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) outperformed, up 2.5%; the&nbsp;Health Care&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>) lagged, down 0.4%.</li>
</ul>
<h3 class="wp-block-heading">Thursday&#8217;s Stock Movers</h3>
Stocks reacting to earnings reports included: 
<ul>
<li>Fortinet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) down 9.5%</li>
<li>Axon Enterprise Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>) down 0.6%</li>
<li>Corteva Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTVA#NYSE">CTVA</a>) up 6.2%</li>
<li>Occidental Petroleum Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>) up 6.3%</li>
<li>Texas Pacific Land Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPL#NYSE">TPL</a>) up 1.5%</li>
<li>Atmos Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATO#NYSE">ATO</a>) up 0.6%</li>
<li>Fidelity National Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNF#NYSE">FNF</a>) down 7.0%</li>
<li>Western Gas Partners LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WES#NYSE">WES</a>) up 2.9%</li>
<li>Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) down 1.85%</li>
<li>ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>) up 4.30%</li>
<li>Canadian Natural Resources Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNQ#NYSE">CNQ</a>) up 4.93%</li>
<li>Cheniere Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNG#NYSE">LNG</a>) up 0.79%</li>
<li>Sempra (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRE#NYSE">SRE</a>) up 0.83%</li>
<li>Cenovus Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVE#NYSE">CVE</a>) up 8.87%</li>
<li>Tapestry, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPR#NYSE">TPR</a>) up 4.26%</li>
<li>Molson Coors Beverage Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAP#NYSE">TAP</a>) down 3.44%</li>
<li>Lincoln National Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNC#NYSE">LNC</a>) down 0.60%</li>
<li>PENN Entertainment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PENN#NASDAQ">PENN</a>) up 1.64%</li>
<li>Hanesbrands Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HBI#NYSE">HBI</a>) up 5.21%</li>
<li>Spectrum Brands Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPB#NYSE">SPB</a>) up 3.81%</li>
<li>Global Partners LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLP#NYSE">GLP</a>) down 2.15%</li>
<li>NCR Voyix Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VYX#NYSE">VYX</a>) up 15.14%</li>
<li>Owens &amp; Minor, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMI#NYSE">OMI</a>) down 7.16%</li>
</ul>
Stocks slated to report earnings after the close include Akamai Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>), Expedia Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>), Microchip Technology Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>), McKesson Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCK#NYSE">MCK</a>), and News Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWSA#NASDAQ">NWSA</a>).
Read now: 
<ul>
<li><a href="https://www.benzinga.com/politics/25/05/45293839/trump-starmer-strike-us-uk-trade-deal-steel-cars-beef">Trump, Starmer Strike US-UK Trade Deal: Steel, Cars, Beef At Center Of Pact</a></li>
</ul>

Bonds

Commodities

$DOGE

$ETH

AKAM

AXON

CTVA

SPDR Dow Jones Industrial Average ETF Trust

EXPE

FTNT

MCHP

NWSA

PENN

Select Sector SPDR-Consumer Discretionary

Wall Street Rallies After US Seals First Trade Deal: 'You Better Go Out And Buy Stock,' Trump Says

Shopify Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NASDAQ">SHOP</a>) stock dropped after the company reported <a target="_blank" href="https://www.benzinga.com/pressreleases/25/05/45281047/merchant-success-drives-shopifys-excellent-q1-delivering-strong-revenue-growth-and-profitability" rel="noreferrer noopener">fiscal first-quarter results</a> on Thursday. The company's quarterly revenue growth&nbsp;of 26.8% year over year to $2.36 billion beat the&nbsp;analyst consensus estimate of&nbsp;$2.33 billion.&nbsp;
Revenue growth marked its eighth consecutive quarter with greater than 25% revenue growth, excluding logistics.
Also Read: <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/25/05/45234498/shopify-q1-likely-solid-but-analyst-says-tariff-commentary-and-q2-outlook-will-steer-investor-focus" rel="noreferrer noopener">Shopify Q1 Likely Solid, But Analyst Says Tariff Commentary And Q2 Outlook Will Steer Investor Focus</a>
The e-commerce platform company reported adjusted EPS of $0.25, up 25% year-over-year, but missed the <a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus&nbsp;estimate</a> of $0.26. The <a target="_blank" href="https://shopifyinvestors.com/news-and-events/default.aspx" rel="noreferrer noopener">adjusted net income</a> was $335 million compared to $256 million a year ago.
Gross merchandise volume increased 22.8% Y/Y to $74.75 billion. Merchant solutions revenue increased 28.9% Y/Y to $1.74 billion.&nbsp;
"Our Q1 results confirm two clear facts. First, we are delivering both growth and profitability at scale. Second, businesses perform better on Shopify, regardless of market conditions," said Harley Finkelstein, President of Shopify. "
The quarter's adjusted gross margin was 49.5%, compared to 51.4% a year ago. The adjusted gross profit grew by 22.2% Y/Y to $1.17 billion.
Shopify generated $367 million in operating cash flow and $363 million in free cash flow for the quarter.&nbsp;The free cash flow margin increased to 15% from 12% a year ago.
Q2 2025 Outlook: Shopify expects revenue growth to be at&nbsp;a mid-twenties percentage rate on a Y/Y basis versus an&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">analyst consensus estimate</a> of $2.50 billion. It projects a free cash flow margin of the mid-teens, similar to the first quarter of 2025.&nbsp;
SHOP Price Action: Shopify stock is down 4.88% at $89.89 at the last check on Thursday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/04/44715211/affirm-and-shopify-expand-buy-now-pay-later-to-canada-and-uk-in-global-growth-push" target="_blank" rel="noreferrer noopener">Affirm And Shopify Expand' Buy Now, Pay Later' To Canada And UK In Global Growth Push</a></li>
</ul>
Photo via Shutterstock

Shopify Q1 Gross Margin Contracts, Misses Profit Estimate

Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) reported quarterly earnings of $0.25 per share which missed the analyst consensus estimate of $0.26 by 3.85 percent. This is a 25 percent increase over earnings of $0.20 per share from the same period last year. The company reported quarterly sales of $2.36 billion which beat the analyst consensus estimate of $2.33 billion by 1.26 percent. This is a 26.81 percent increase over sales of $1.86 billion the same period last year.

Earnings Beats

Earnings Misses

Shopify Q1 Adj. EPS $0.25 Misses $0.26 Estimate, Sales $2.36B Beat $2.33B Estimate

Shopify (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NASDAQ">SHOP</a>) sees Q2 sales of $2.536 billion-$2.577 billion vs $2.50 billion analyst estimate.

Date	Put/Call	Strike Price	Exp Date	DTE	Trade Vol	Day Vol	Vol / OI	OI	Trade Type	Sentiment
11:47 AMFeb 20, 2025	PUT	$110.00	Jun 20, 2025	32	1205	1200	44	2725	TRADE	NEUTRAL
11:46 AMFeb 20, 2025	CALL	$160.00	Sep 19, 2025	123	200	800	64	314	TRADE	BEARISH
12:10 PMFeb 14, 2025	CALL	$60.00	Jan 15, 2027	606	167	67	149	112	SWEEP	BEARISH
01:42 PMFeb 13, 2025	PUT	$125.00	Dec 18, 2026	578	700	700	722	97	TRADE	NEUTRAL

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