Monday’s Headlines: MyWallSt Secures Its First Ten Bagger
1. Facebook shares hit an all-time high last Thursday, breaking its previous record from July 2018. The company’s share price has been steadily recovering since the infamous Cambridge Analytica scandal, which was followed by several subsequent investigations into the company’s practices. Despite growing concerns over the social network’s privacy policies, the company still maintains a strong advertising platform, with revenue expected to have increased by 26% in 2019. For the full report, read here.
2. Sales for Microsoft’s cloud segment, ‘Azure’ spiked 59% in the company’s most recent quarter, compared to 35% growth for Amazon Web Service. Azure’s continued trend of winning over larger enterprise customers could see the company completely run over Amazon’s cloud business in 2020 and beyond. A major win for the company came with the securing of the Pentagon’s $10 billion JEDI defense contract, which is currently being disputed by Amazon. Get the full story here.
3. On Friday, Shopify became the first ten-bagger in the MyWallSt list of stocks. If you’re not sure what that means, a "ten-bagger" is a term used by investors to describe an investment that has grown tenfold in value. Last Thursday, the stock closed at an all-time high of $430.20, and experienced growth of 187% in 2019 alone, compared to the returns of the S&P 500 index of 28.9% in the same time period. Shopify is on pace to generate revenue of more than $1.5 billion this year, and now boasts more than one million merchants on its platform, signifying even more room for growth. Read here for the full story.