The Federal Reserve just raised interest rates by 75 basis points for the third consecutive time and promised to continue raising them for the foreseeable future. It also intends to continue selling the trillions of dollars in U.S. Treasuries it has accumulated over the last 15 years during its period of "quantitative easing," so the stock market is anticipating the Fed will knock the economy into an official recession. Investors rightly get nervous from the uncertainty these market conditions create, yet those who are savvy enough understand just what a stock market sell-off represents.
Zacks.com users have recently been watching Shopify (SHOP) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
WALTHAM, Mass., September 27, 2022--6 River Systems (6RS), part of leading global commerce company Shopify Inc. (NYSE: SHOP), today announced new features for its wall-to-wall fulfillment solution that enhances productivity and flexibility for warehouse operators. Integrated with 6RS’ SaaS-based Fulfillment Execution System and autonomous mobile robot (AMR), Chuck, these new features position the company as the most configurable warehouse automation solution provider on the market. 6RS provides