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Shopify: Long-Term Profits Over Short-Term Returns

Shopify (NYSE:SHOP) delivered a poor first quarter report where nearly everything went wrong for the company. However, the acquisition of Deliverr and improving Merchant Solutions segment are positive aspects investors should also focus on. On top of this, Shopify's CEO just purchased $10 million worth of stock, showing the confidence management has for the company's rebound and priority long-term profits over short-term returns. Now that the stock is down over 70% since the beginning of the year, it seems to be trading around fair value.
MARKETS
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Peering Into FB Financial's Recent Short Interest

FB Financial's (NYSE:FBK) short percent of float has risen 5.98% since its last report. The company recently reported that it has 697.70 thousand shares sold short, which is 1.95% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.0 days to cover their short positions on average.
STOCKS
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Elon Musk On American Politics, Laws On Mars And Being Canadian At Heart

Tesla, Inc (NASDAQ: TSLA) CEO Elon Musk — whose acquisition of Twitter, Inc (NYSE: TWTR) appears to be on thin ice — briefly turned his focus back to politics on Thursday. The U.S., like many countries around the globe, has become more divided over recent years, battling over issues from gun control to abortion rights. Former President Donald Trump appeared to both revel in and amplify the division and President Joe Biden has had little effect on any attempt to rectify the matter.
ECONOMY
freightwaves.com

Nestle expedites baby formula resupply with air cargo

Airfreight logistics is playing an increasingly important role in rushing desperately needed infant formula from overseas production facilities as the U.S. copes with shortages caused by the shutdown of a major domestic plant and supply chain bottlenecks. A spokesperson for Nestle Health Science confirmed Thursday that the company has ramped...
INDUSTRY
Inside Indiana Business

Allison to Play Role in U.S. Army Fuel Efficiency Efforts

Indianapolis-based Allison Transmission Inc. (NYSE: ALSN) says it will develop propulsions systems to support the U.S. Army’s conversion to more fuel-efficient tactical wheeled vehicles, which could initially generate more than $150 million for Allison’s defense end market. The Army launched its Common Tactical Truck program to replace more than 7,000 heavy trucks.
INDIANAPOLIS, IN
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