Could Buying Shopify Stock Today Set You Up for Life?

One path to successful investing is beating the market. Granted, it's easier said than done, but it is possible. Today, let's take a look at one stock that has been doing just that: Shopify (NASDAQ: SHOP).Shares of the e-commerce platform have outperformed most of the market for several years. As of this writing, the stock has advanced 38% year to date, easily beating the S&P 500, which has logged a 10% gain in that period. Moreover, Shopify's stock is up almost 400% over the last three years, having recorded a compound annual return of 70%, as compared to the S&P 500's 18%.So, why is Shopify's stock soaring? In short, it all comes down to execution. The company continues to post excellent growth numbers, and it has turned the corner when it comes to delivering consistent profitability. Let's see why it could continue to be an excellent stock to own.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool