It hasn't been an easy year for equity markets. In times like these, though, it's important to remember that the buy-and-hold approach to stock investing remains one of the best and most accessible ways to grow wealth over time.
Traders now have four new ways to express their views on two closely watched companies—Shopify Inc. (Ticker: SHOP) and Lockheed Martin Corporation (Ticker: LMT)—thanks to the latest additions to Direxion's lineup of Single Stock Daily Leveraged and Inverse ETFs.
Investors might believe that the world of online retail is dominated only by Amazon . But there are other businesses that are finding remarkable success in the market.
During the five-year period leading up to its all-time high in November 2021, shares of Shopify (SHOP -7.85%) had surged 3,740% higher. The business was lifted by the pandemic as online shopping saw huge demand.
On Thursday, Indiana-based Kessler Investment Group fully exited its position in Shopify (NYSE: SHOP) in the third quarter, selling approximately $7 million worth of shares, according to an SEC filing.
Shopify (SHOP -1.64%) has been on fire in 2025. Its strong financial results have helped lift shares by 52% year to date, and the stock recently jumped following the announcement of a new partnership with OpenAI that could boost its business.
Buying and holding shares of quality growth stocks is the easiest and most efficient way for most people to build wealth. Focusing on the fundamentals that make a business great is far more important than how its stock performs in the near term.
The Shopify stock price has been in a strong uptrend this year as technology companies soared. SHOP jumped from a low of $69.34 in April to a high of $169.50.
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