Slack’s daily movements have been rather bullish while, at the same time, knowing that reopening the economy may not go as smoothly as intended.įor companies that realize that working from home could very well become our new “normal”, they’ll continue to grow and see success. Whether shopping or working, this concentration of consumers in one place, so to speak, is a good thing for these sectors. Is Slack Stock a Buy?īoth Slack and Shopify are currently capitalizing on the same intangible benefit – more people are still at home right now. So if you’re to consider buying a hot stock like Slack or Shopify, the devil lies in the financial details. Investing in hot stocks is generally lucrative during boom times – but if what we’ve experienced so far with market fluctuation from the coronavirus pandemic is any indication – the bottom can always fall out at any time and for any industry. Many went up in smoke during the 2000-02 bubble and bust. But fast growth comes at a cost.Īfter all, when the market boomed in the late 90s, the hot stocks of the day were in the tech and telecommunications sectors. Hot stocks like Shopify and Slack are highly sought after by investors not least due to rapid growth projections. Which reality will come to pass? In short, when comparing Slack vs Shopify, which is best? Pros and Cons of Investing in Hot Stocks That could mean Shopify has run its course and Slack is a bargain still, or perhaps the existing trends will persist. On the flip side, Slack dropped after its IPO and hasn’t seen any gains of real significance yet. Since its initial public offering (IPO), Shopify has turned countless investors turned millionaires. But these services are two different animals – Shopify makes for easy ecommerce operations, while Slack’s aim is basically to end email as we know it. Both enjoy huge customer bases and consistently invest in growth. Take Software-as-a-Service (SaaS) platforms, for instance, like Shopify and Slack. Shopify Vs Slack Stock: Asset-light models seem like ideal investment opportunities these days.
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