Investors looking to trade the most active stocks other than Tesla (TSLA) and Nvidia (NVDA) may consider Shopify (SHOP). After posting quarterly results, SHOP stock gained 21% yesterday.
Shopify reported strong revenue growth of 26% Y/Y to $2.16 billion. More importantly, gross merchandise volume increased by 24% to $69.72 billion. CFO Jeff Hoffmeister said that the company grew its free cash flow margin sequentially each quarter this year. This demonstrates the durability of Shopify’s business. Although SHOP stock earned only $1.00 in GAAP EPS, expect growth to expand.
Ford Motor (F) is another actively traded stock. While General Motors (GM) has better profitability prospects, F stock could break out. The stock traded at $9.50 – $11.10 since August.
Chinese electric vehicle stocks like Nio (NIO) consistently top the most active stock list. However, it is not a stock to buy. Just as Lucid Group (LCID) struggled to find a niche in the EV market, Nio will struggle, too. Consider BYD (BYDDF) instead.
In the crypto sector, watch Marathon (MARA) and Bitfarms (BITF). After Bitcoin topped $90,000, stock traders will buy those stocks. In addition, iShares Bitcoin Trust (IBIT) is another way to profit from the rise in BTC-USD.