From Nasdaq

July 10, 2024 9:00 AM:

1. The search for millionaire-maker growth stocks is ongoing, with three companies showing potential for significant moves higher. Amazon remains a top contender with strong cash flows and investments in AI innovations like Amazon Q and Amazon Bedrock. The company’s recent net sales hit $143.4 billion, solidifying its position in the market.

2. Shopify, another e-commerce giant, saw pandemic growth slow down, but a strong Q1 earnings report suggests a more bullish future. The company expects revenue growth to accelerate, especially with a recent partnership with Target expanding its reach among larger companies. Shopify is well-positioned to capitalize on the ongoing e-commerce trend.

3. Coinbase’s stock has traded sideways recently, correlating with Bitcoin’s consolidation. However, the company’s business model relies on trading volumes, which tend to increase during bullish periods in the crypto sector. With partnerships in place, like the one with the U.S. Marshals Service, Coinbase remains a top crypto stock to consider.

Read more at Nasdaq Stock Market: 3 Millionaire-Maker Growth Stocks to Buy Now: July Edition