Shopify's stock has fallen 59% over the past three years, making it a great buying opportunity. The company benefits from network effects, with a 28% market share in the US e-commerce platform market. Its growth rate has slowed but still consistently exceeds 20% per year, with earnings expected to grow 36% annually over the next five years. The stock trades at 11 times sales, down from 17 times.
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Coca-Cola (KO) offers a 3% dividend yield, with 15% revenue growth and 17% adjusted earnings per share growth in the second quarter. The company has increased dividends for 62 consecutive years and paid out 73% of trailing earnings as dividends. Blackstone (BX) has a 2.3% dividend yield, with $1.1 trillion in assets under management and distributable earnings of $1.3 billion.
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SoFi Technologies' stock has plummeted 20% year-to-date, despite its underlying business growing rapidly and finally turning a profit. The fintech company has attracted 8 million members, with deposits growing quickly, and has refinanced debt obligations. Net income is expected to reach $165-175 million in 2024, a significant improvement from previous years.
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