Insights

This NFT-Wielding E-Commerce Stock Is Top of My Watch List

In this clip from “The Virtual Opportunities Show” on Motley Fool Live, recorded on April 26, Motley Fool contributor Rachel Warren shares why Shopify (NYSE: SHOP) is her top e-commerce stock, and one bit of news that makes it an even more compelling investment.
 

Rachel Warren: On the topic of Shopify, there was one kind of aspect of the business that I was looking into a little bit more lately — that I feel like sort of happened without great fanfare? And that was that certain sellers can actually sell NFTs on Shopify. Maybe I was just, you know, under a rock when this happened and didn’t know. But my understanding is this is a program that still in beta. There’s only specific tiers of sellers. I think the ones that pay the like $2,000 a month subscription fee that have access to this. But you can actually, through this program — and I would imagine that the goal is to expand it out to a broader potential user and seller base in the future — but you can mint and sell your own branded NFTs with Shopify. 
You know, this is a very thriving market that’s had, you know, 700%-plus market growth between the second quarter of the third quarter of 2021. That’s one of the stats that they cite. And one of the things that’s interesting about this beta program Shopify has, is they say, you know, sell NFTs your way, whether you’re using credit cards, cryptocurrency. There’s this idea here where, you know, you can sell physical products on Shopify, but could there be a move over the next five, 10, 15 years even, where it’s commonplace to buy digital versions of those products or just digital assets as a whole on Shopify. So, really interesting kind of aspect of its business. Obviously still a very, very, very small part of its business. 
Shopify has partnered with a variety of apps to enable users to mint NFTs on popular blockchains like Ethereum and Polygon. And then, again, they’ve made this really kind of expansive way of accepting payments, whether it be, you know, crypto gateways, Shopify payments, or even credit and debit cards, which a lot of the platforms still don’t allow that type of payment processing. So I’m curious to see whether this could become kind of a bigger part of Shopify’s overall business, you know, in the years ahead. As mentioned, right now, at this point in time, it’s a very, very, very small slice of its overall business. 
But is a whole, I love Shopify. You know, 2021 was a really great year for the company. They rolled out a host of really interesting updates, you know. In addition to having really great profits as well as revenue growth, they introduced something called TikTok shopping to merchants. So merchants with a TikTok for business account can add products that link directly to their online store at checkout. Shopify had also launched something that I wasn’t aware of called the Spotify Channel. So if you have artists, entrepreneurs on Spotify that one that account with their Shopify online store and they could use that wanted to connect that account that with their Shopify online store, and they could use that to kind of sync their product catalogs. I just love all the different ways in which Shopify continues to expand its business and make its platform more valuable to its customers and merchants. 
So this is one company that I continue to have a lot of faith in. I am very excited to see, you know, what the first quarter of the year held for the company, what kind of guidance they’re giving for upcoming quarters. I’m trying to normalize my expectations a little bit, because I think we have seen a lot of growth factored in a short period in stocks like Shopify, but I still think there’s a lot of runway left for this company. So Shopify’s definitely one of the top stocks I’m watching.Rachel Warren has positions in Shopify. The Motley Fool has positions in and recommends Ethereum, Shopify, and Spotify Technology. The Motley Fool recommends the following options: long January 2023 $1,140 calls on Shopify and short January 2023 $1,160 calls on Shopify. The Motley Fool has a disclosure policy. –

In this clip from “The Virtual Opportunities Show” on Motley Fool Live, recorded on April 26, Motley Fool contributor Rachel Warren shares why Shopify (NYSE: SHOP) is her top e-commerce stock, and one bit of news that makes it an even more compelling investment.

 

Rachel Warren: On the topic of Shopify, there was one kind of aspect of the business that I was looking into a little bit more lately — that I feel like sort of happened without great fanfare? And that was that certain sellers can actually sell NFTs on Shopify. Maybe I was just, you know, under a rock when this happened and didn’t know. But my understanding is this is a program that still in beta. There’s only specific tiers of sellers. I think the ones that pay the like $2,000 a month subscription fee that have access to this. But you can actually, through this program — and I would imagine that the goal is to expand it out to a broader potential user and seller base in the future — but you can mint and sell your own branded NFTs with Shopify. 

You know, this is a very thriving market that’s had, you know, 700%-plus market growth between the second quarter of the third quarter of 2021. That’s one of the stats that they cite. And one of the things that’s interesting about this beta program Shopify has, is they say, you know, sell NFTs your way, whether you’re using credit cards, cryptocurrency. There’s this idea here where, you know, you can sell physical products on Shopify, but could there be a move over the next five, 10, 15 years even, where it’s commonplace to buy digital versions of those products or just digital assets as a whole on Shopify. So, really interesting kind of aspect of its business. Obviously still a very, very, very small part of its business. 

Shopify has partnered with a variety of apps to enable users to mint NFTs on popular blockchains like Ethereum and Polygon. And then, again, they’ve made this really kind of expansive way of accepting payments, whether it be, you know, crypto gateways, Shopify payments, or even credit and debit cards, which a lot of the platforms still don’t allow that type of payment processing. So I’m curious to see whether this could become kind of a bigger part of Shopify’s overall business, you know, in the years ahead. As mentioned, right now, at this point in time, it’s a very, very, very small slice of its overall business. 

But is a whole, I love Shopify. You know, 2021 was a really great year for the company. They rolled out a host of really interesting updates, you know. In addition to having really great profits as well as revenue growth, they introduced something called TikTok shopping to merchants. So merchants with a TikTok for business account can add products that link directly to their online store at checkout. Shopify had also launched something that I wasn’t aware of called the Spotify Channel. So if you have artists, entrepreneurs on Spotify that one that account with their Shopify online store and they could use that wanted to connect that account that with their Shopify online store, and they could use that to kind of sync their product catalogs. I just love all the different ways in which Shopify continues to expand its business and make its platform more valuable to its customers and merchants. 

So this is one company that I continue to have a lot of faith in. I am very excited to see, you know, what the first quarter of the year held for the company, what kind of guidance they’re giving for upcoming quarters. I’m trying to normalize my expectations a little bit, because I think we have seen a lot of growth factored in a short period in stocks like Shopify, but I still think there’s a lot of runway left for this company. So Shopify’s definitely one of the top stocks I’m watching.

Rachel Warren has positions in Shopify. The Motley Fool has positions in and recommends Ethereum, Shopify, and Spotify Technology. The Motley Fool recommends the following options: long January 2023 $1,140 calls on Shopify and short January 2023 $1,160 calls on Shopify. The Motley Fool has a disclosure policy.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

  • This field is for validation purposes and should be left unchanged.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US & HK* Trades. Click Here!