Shopify Inc. (SHOP.TO)

A successful Canadian technology story. They provide the backend for small businesses who wish to have an online presence. Lately this has been consolidating. If you get this in the $110-$112 range, that would be a pretty good entry point. If you own, continue to Hold. They recently signed a deal with Amazon (AMZN-Q).

Buy or sell? This has pretty much doubled, even after the 15% pullback in the last few weeks. One of Canada’s leading e-commerce names, providing a platform for small/medium sized businesses to get online. They’ve done very well and are rapidly expanding. Trading at a level that is difficult to justify by near term earnings. If you are confident they can continue their leading position 5-10 years from now and dominate the market, it is fully justified to have further upside. Shorter term, it is more picking and choosing an entry point. If you have a profit position, hold onto your core position and take some profit, and maybe buy back when it comes down a little.

This has done very well. An interesting business. They have grown and have proven to the market that it does work. This is a tough entry point. If it moved up another 10%, he would be inclined to sell.

Getting beaten up a little lately because of the rotation out of technology. Longer-term, this company makes a lot of sense for Canadian investors looking for a strong Canadian tech name. They are doing extremely well and their earnings are moving forward. There are no earnings at this stage, so he doesn’t own this.

It is one of those stocks he would not normally be able to buy because the valuation is so high based on earnings today. They are continually investing in growth. They cater to small to mid-sized businesses. They have to keep marketing. They are trying to go up-market to larger corporations. It is nosebleed valuation.

(Market Call Minute) It has a high valuation, but he likes it.

An interesting name, but the valuation is almost in nosebleed territory. You have to have a really, really longer-term perspective to have confidence in earnings growth, to justify the current valuation.

This is part of the Google, Amazon world. Amazon is using them for all of their smaller transactions. Believes they have huge growth in front of them. He would use downturns to gradually move into the stock and establish a position. Take a stab at some of this today.

It had a pullback off its highs as it got caught up in the tech sell off. Short term it is a good buy, but it is an anti-value stock. It is a very rich valuation. It might be an interesting short term trade.

It is a growth stock, very well positioned, but it is a momentum stock and the valuation is too high for her. She would not be buying it and might trim back if it is a big position.

He likes the business model. The company has done exceptionally well and is providing an important service. Has always had a concern in the back of his mind that if Amazon (AMZN-Q) really wanted to get into this space through their own marketplaces, this company would be vulnerable. The stock has done exceptionally well and its valuations are extremely lofty. Investors have to be aware that when you are paying high multiples, a bump in the road could be pretty painful.

Platforms for commercial entities. A great Canadian success story, and has very good legs on it. He would nibble on this at these bad pullbacks of $10-$20.

He likes this company. Trades at about 12 or 13 times revenue, and is riding the Amazon (AMZN-Q) wave. You have to keep your exposure in perspective. This is a company that, if there is a market correction, will get whacked pretty hard. Just use caution.

He likes this. It has a really good platform. It was clearly designed on the desktop, but they made efforts to put it on smart phones. Overall, it is a strong name.

The market cap is around $12 billion. In the grand scheme of things, everyone knows that Amazon (AMZN-Q) is eventually going to buy these guys out. The growth of this thing internationally is fabulous. He would scale into this and not buy into it all at once.