3 of the Cheapest Stocks I Own - Nasdaq

Quick Read

Let's take a closer look at three of these stocks and why you might want to buy shares of Farfetch Limited (NYSE: FTCH), Sea Limited (NYSE: SE), and Opendoor Technologies (NASDAQ: OPEN) while these stocks are all on sale.
10 stocks we like better than Farfetch Limited When our award-winning analyst team has a stock tip, it can pay to listen.
and Farfetch Limited wasn't one of them!
Taylor Carmichael has positions in Amazon, Farfetch Limited, Opendoor Technologies Inc.
The Motley Fool has positions in and recommends Amazon, Farfetch Limited, Opendoor Technologies Inc.

3 of the Cheapest Stocks I Own - Nasdaq

2022 has created a lot of bargains for investors right now as some of the most promising stocks in the world got slammed by macroeconomic headwinds and are trading at significant discounts. Imagine you're a shopper, and you're looking for a great deal. Isn't it a little exciting when you hear that some amazing stocks are selling for at least 77% off? Let's take a closer look at three of these stocks and why you might want to buy shares of Farfetch Limited (NYSE: FTCH), Sea Limited (NYSE: SE), and Opendoor Technologies (NASDAQ: OPEN) while these stocks are all on sale. 1. Farfetch: Down 81% from its 52-week high Farfetch is an internet tech company that is helping the high-fashion industry move online. Fashion is a huge market vertical, roughly a $1.7 trillion industry around the world. The luxury segment is a pretty nice slice by itself, bringing in $316 billion in 2019. Note that this is a pre-pandemic number. The high fashion market has crashed during the pandemic. It had about $110 billion in sales in 2020. One reason sales are off is China. The world's most populous country has a large appetite for high fashion. And the Chinese market opportunity might be lost for a few years. The Chinese government has adopted a zero-tolerance policy regarding COVID-19 cases, which has led to several temporary (and sometimes repeated) shutdowns in cities around the country. Any business relying on customers in China is hurting at the moment, and the high-fashion industry hasn't been immune to that. I believe all this damage has already been priced in. At $10 a share, Farfetch shares are a steal. What I love about this company is that it's pretty immune to all the faddish aspects of the high-fashion industry. Farfetch is an internet software company that is helping anyone who wants to sell high fashion move his or her business to the internet. And internet retail is a wonderful business to be in. Because of its brand, the network effect, and switching costs, Farfetch is largely immune to competition from Amazon, Shopify, or any other software vendor. Farfetch dominates this particular niche. When high fashion becomes fashionable again, this stock will zoom a lot higher. 2. Sea Limited: Down 77% from its 52-week high My favorite internet retailing stock is not Amazon. It's a company on the other side of the world, based in Singapore. "Sea" is a nickname for seven countries in Southeast Asia: Indonesia, Thailand, Vietnam, Singapore, Taiwan, the Philippines, and Malaysia. That's a huge market opportunity, as the region has a population about as big as North America. It's almost 600 million people, and the economy in that region is over $3 trillion. What's even more fantastic is that Sea is expanding around the world, in places like South and Central America and Eastern Europe. What makes Sea's e-commerce model so strong? Ironically, it has nothing to do with its e-commerce website. To me, Sea's store, Shopee, is a rather generic e-commerce website, similar to other ones (and inferior to Amazon's, which remains best-in-breed). Sea's success comes from its gaming division, which provides a massive marketing opportunity. Sea is a video game producer and introduced one of the more popular mobile games in the world, Free Fire. Sea "invades" a market first via its video games. When it achieves a certain level of success with those games, it can send its audience to its online stores and make money that way. It's this flywheel effect that makes Sea such a strong competitor in online retail. And it's why I'm an owner of this stock. Why is it cheap in 2022? One of its Chinese investors, Tencent Holdings, has been an active seller of the stock, which caused a mini-crash. Add to that the macro issues around the world, and Sea stock has been punished hard. But nothing in this bad news hurts the bullish case for Sea, and the upside remains incredible. 3. Opendoor: Down 78% from its 52-week high Opendoor might fail. This stock is not a sure thing, and my initial investment is small. Right now I own 100 shares, roughly a $600 investment. I plan on adding to my position over time. Why am I investing here? Opendoor is a small company ($3.8 billion market cap), but what it's attempting to do -- offer a new way to buy and sell residential real estate -- is audacious and massive. It's called the iBuyer model; it's easier, quicker, and online. Instead of taking months to buy or sell a home, you'll be able to do it in a matter of days. Zillow Group tried to follow Opendoor into this market and then reversed course. I don't know if Opendoor can succeed. It's basically trying to transform the multitrillion-dollar real estate market into something closer to the stock market, where transactions are much faster. Market makers have long been profitable in the stock market, quickly flipping stocks and using computers to avoid too much risk. As top dog and first mover, Opendoor has a huge head start over potential rivals. The company has been collecting independent data on the housing market for years. That's why it was able to beat off Zillow -- its artificial intelligence had a huge head start. Although Zillow had give up on its own iBuying plans, the company recently signed a marketing deal with Opendoor. The potential upside here is so massive -- and the stock is so cheap -- that buying 100 shares seems like a no-brainer. I have no way of quantifying Opendoor's likelihood of success. But if the company does succeed, this stock will be a major mega-cap over time. The risk/reward calculation says taking a chance might be worth it. 10 stocks we like better than Farfetch Limited When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and Farfetch Limited wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of July 27, 2022 John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Taylor Carmichael has positions in Amazon, Farfetch Limited, Opendoor Technologies Inc., Sea Limited, and Shopify. The Motley Fool has positions in and recommends Amazon, Farfetch Limited, Opendoor Technologies Inc., Sea Limited, Shopify, Tencent Holdings, Zillow Group (A shares), and Zillow Group (C shares). The Motley Fool recommends the following options: long January 2023 $1,140 calls on Shopify and short January 2023 $1,160 calls on Shopify. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The Original Article can be found on Nasdaq

Shopify targets physical retailers after an overly aggressive bet on e-commerce - Saltwire

Shopify Inc., Canada’s largest e-commerce company, announced Tuesday that it will start selling new hardware for brick-and-mortar retailers, as it attempts to recover from an overl …

Read more here
Shopify targets physical retailers after an overly aggressive bet on e-commerce - Saltwire

1 Unstoppable Stock for the Stock Market Sell-Off - Nasdaq

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. The Fed said it " …

Read more here
1 Unstoppable Stock for the Stock Market Sell-Off - Nasdaq

Shopify reemphasizes brick-and-mortar with new mobile POS hardware - BetaKit - Canadian Startup News

Shopify says offline retail is ”all the way back.” As e-commerce giant Shopify looks to recover from e-commerce growth falling back to earth after the COVID-19 boom, the Canadian …

Read more here
Shopify reemphasizes brick-and-mortar with new mobile POS hardware - BetaKit - Canadian Startup News

Westrick Launches New Shopify Website With Digital Agency CQL - Newswire

Licensed party supplies dealer Westrick & Co. has launched its new D2C website ShopWestrick.com with Digital Agency CQL. Westrick & Co., the licensed party supplies dealer for alm …

Read more here
Westrick Launches New Shopify Website With Digital Agency CQL - Newswire

Institutional owners may take dramatic actions as Shopify Inc.'s (NYSE:SHOP) recent 9.4% drop adds to one-year losses - Nasdaq

To get a sense of who is truly in control of Shopify Inc. (NYSE:SHOP), it is important to understand the ownership structure of the business. And the group that holds the biggest p …

Read more here
Institutional owners may take dramatic actions as Shopify Inc.'s (NYSE:SHOP) recent 9.4% drop adds to one-year losses - Nasdaq