“The acceleration of e-commerce triggered by Covid-19 that extended into the first half of 2021 in the form of lockdowns and government stimulus will be absent from 2022,” the Canadian e-commerce giant said in a statement on Wednesday. “There is caution around inflation and consumer spending in the short term, throughout the year”added the report.
As a result, Shopify said full-year revenue growth will be less than the 57% rise in 2021. US-traded stocks fell as much as 16%, it was the biggest intraday drop since March 2020.
Another important decline corresponded to the Argentine company Ternium, which fell by 9.7%. The report on the financial results presented to the National Securities Commission (CNV) anticipated that it will not be able to repeat the improvement in its results that it achieved in 2021, when it reached net profits of $134,993 million against $18,866 million in 2020.
It should be noted that During 2021, the steel shipments of this company reached an increase of 23% compared to those reported in 2020a year that was affected by the restrictions established in order to mitigate the effects of the Covid-19 pandemic.
Lastly, the most notable rise was the mining company Barrick Gold, which grew 7.3%. This day it was learned that the company exceeded earnings estimates, increased dividends and announced a share buyback program.
The world’s second-largest bullion supplier racked up a 10th consecutive quarterly profit increaseincreased its regular quarterly cash dividend by 11% and said its board has authorized the repurchase of up to $1 billion of common stock over the next 12 months.
Regarding the Cedears ETF, the energy index rose 1.6%, and the MSCI Brazil grew 1.1%. For its part, the greatest decrease was that of innovation, which fell 2.8%, followed by the one that replicates the Nasdaq, which lost 1.01%, and the financial one, which fell with 0.8%.
This day the total volume in equities amounted to $5,475, of which $4,201 corresponded to Cedears, and $1,257 to local shares.
Source: Ambito
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