Jim Cramer Shed Light on These 10 Stocks

5. Shopify Inc. (NYSE:SHOP)

Number of Hedge Fund Holders: 64

A caller highlighted that Shopify Inc. (NYSE:SHOP) is trying to position itself as the go-to destination for omnichannel retailers and that it was a very big high flyer at one time and can go higher still. He asked Cramer for guidance and his response was:

“Shopify, they are, boy, you, I tell you, you, everything you said about it is totally true. It is absolutely the right thing. They are very easy to set up. They are the ones that every single entrepreneur that I know is on Shopify. And I think you nailed it. I know that the last quarter, people misinterpreted it and they sent it down. Why don’t you wait until they report it again? That same thing will happen and you’ll be able to have a better opportunity to buy it than you have right now.”

Shopify (NYSE:SHOP) offers a platform that allows merchants to manage and sell products across multiple channels, providing tools for inventory management, payments, analytics, and financing.