Tag: PayPal

  • PayPal May Have Finally Bottomed Out

    PayPal May Have Finally Bottomed Out

    The pullback in PayPal may be overdone, we noted on November 9. We also noted: With the pullback from $304.08 becoming overkill, keep an eye on the stock. Even the pile-on of lowered price targets is overdone. Citi lowered its target to $300 from $350 RBC Capital lowered its target to $298 from $322 Baird…

  • The Pullback in PayPal May be Overdone

    The Pullback in PayPal May be Overdone

    Keep an eye on the PayPal pullback. After racing from a low of $87 in early 2020 to a high of $309.48, the stock fell to a recent low of $204.58.  All thanks to its consumer spending concerns, and poor 2022 guidance.  For example, the company said fiscal 2022 revenue would increase about 18%, which…

  • BNPL Boom: This is Why Affirm Holdings Could See Higher Highs

    BNPL Boom: This is Why Affirm Holdings Could See Higher Highs

    Affirm Holdings (AFRM) continues to rally. When we first brought the “Buy Now, Pay Later” stock to your attention, it traded at $63.  Today, it’s up to $129, as Target joins the BNPL boom. “Ahead of the busy holiday season, Target is offering shoppers additional ways to pay for their purchases with new installment plans…

  • Investors May Want to Avoid Robinhood Markets Stock For Now

    Investors May Want to Avoid Robinhood Markets Stock For Now

    Robinhood Markets (HOOD) can’t catch a break. After slipping just yesterday on news PayPal could offer a stock-trading platform for U.S. customers, SEC Chairman Gary Gensler says that banning “payment for order flow” could wiped out entirely. Payment for order flow is a practice “where brokers send trade orders to market makers that execute those…

  • Crisis Could Lead to Opportunity in PayPal and Square

    Crisis Could Lead to Opportunity in PayPal and Square

    Investors may want to avoid PayPal Holdings (PYPL) and Square (SQ) at the moment. For one, both are technically stretched. Square for example is plunging from its upper Bollinger Band (2,20), and from severely overbought RSI, MACD, and Williams’ %R.  From a current price of $214, it could fall to test support at its 50-day…