Top Picks 2017: Shopify

01/19/2017 6:00 am EST


Gordon Pape

Editor and Publisher, The Income Investor and the Internet Wealth Builder

Our Top Pick for aggressive growth in the coming year is a fast-growing cloud-based, multi-channel commerce platform, explains Gordon Pape, editor of the Internet Wealth Builder.

Shopify (SHOP) is especially designed for small and medium-sized businesses. It is based in Ottawa, Canada.

I like this stock recommendation because this is a young company that focuses on providing on-line marketing solutions at a reasonable price for small and mid-size companies.

However, it has also attracted many big name clients including Proctor & Gamble (PG), General Electric (GE), and Budweiser.

Over 325,000 merchants now use their platform. To give you an idea of the growth potential, third-quarter revenue came in at $99.6 million, up 89 per cent from the year before.

Conclusion: This is a growth company with huge potential. The stock more than doubled in value 2016 but I think there’s a lot more to come.

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