Shopify and Amazon Reported Great Numbers. Why Did Both Stocks Fall?
Last week was a big one for e-commerce giants. The 800-pound gorilla in the room -- Amazon (NASDAQ: AMZN) -- and the up-and-coming alternative platform -- Shopify (NYSE: SHOP) -- both reported stellar numbers. And yet, these two stocks have fallen (on average) over 10% since last week's highs.
Given the great numbers and envious market position both companies have, it seems downright wrong for their shares to move in that direction. Let's examine some reasons why this might have happened and -- more importantly -- why growth stock investors in both companies have little to worry about in the long run.
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Source Fool.com
