Top TSX Pick for May 2021: Shopify Stock
Despite soaring to nearly $1,600 per share after reporting earnings, Shopify (TSX:SHOP)(NYSE:SHOP) has since traded below the $1,300 level. Accordingly, growth investors may wonder if something is going wrong with this stock right now. However, one must consider that the entire tech sector has sold off quite dramatically in recent weeks. It appears risk-off sentiment is taking hold, as investors rotate away from growth into value stocks. Inflation concerns have bid up bond yields. Accordingly...
Source: fool.ca