Apple can't even dominate the phone market. They have a huge share, but Android dominates. I'm not to worried about Apple. Fintech is expected to grow exponentially, so it's more likely that increased competition won't take away from Paypal, but only that Paypal will get a smaller slice of the growth. It's all the other companies that should be worried about Paypal.
It's the same "competition" fears that we went through several times already. Apparently, Wall Street has never heard of competition before, and when they hear of it, they quickly forget and discover it again later.
The market is down, and PYPL tends to move much further than the overall market on the downside. Still, after an analysts meeting yesterday, this seems similar to the post earnings sell off that preceded an end of day news event that sure looked like PYPL tipped off Wall Street ahead of time. I wonder what trading tips Paypal gave to analysts yesterday that we will find out about later in a post market close news release.
Don't blame you. I'm doing much better with BP, a company riddled with debt, crushed by low oil prices, and with billions upon billions in fines and penalties to pay. But, it's gains have more staying power and I'm collecting nearly 8% in dividends. Paypal holds it's gains for about 2 hours on a good day, then sells off. Flat performance with no dividend, it doesn't pay.
It probably ruins his wifes plan to divorce him now that she's birthed a lifetime meal ticket. If he gets elected she'll have to stay on as his pretend lover. Poor girl!
LOL! Trump!!!!!!! How embarrassing for America!
You forgot to mention that every American with any money in the bank, was forced to allow their bankers to use their money for free. The government lowered interest rates to zero! Poor retirees who depended on that safe interest income suddenly has NO interest income, and were forced into the very unsafe stock market to try and get some yield. Wall street Bankers collapsed the economy, got an immediate bailout which they gave to themselves as bonuses, got to stop paying savers for using their money, and got a sweet stock market boost as elderly folks were forced to put money into their ponzi scheme stock market. Madoff is like a minnow compared to the fleecing we all got from Wall Street, and we're still getting hosed to this day.
Only a being with no soul, birthed from a mongrel, could work for such an evil force as Goldman just so they can "make money" by screwing over their customers, and every American! It would be just as moral to take a job butchering children for cannibals. If you know anyone even loosely affiliated with Goldman, you should show them nothing but contempt! They are the enemy of America, and life itself.
Hey, check out BP, they lose money big time and also pay a hefty dividend! The stock goes up though so I'm sitting on hefty profits and get nice cash payments every quarter. Money losers are the way to go!
This is why Wall Street never loses! I would be filthy rich too if I had all the inside info and could take to the financial TV channels to manipulate stocks to my advantage. They aren't the best and brightest, they are the most devoid of honesty! These people own our politicians and run the country! No wonder everything sucks for the middle class on down.
First of all, it's odd that PYPL sat on the Venmo news until the day after earnings when they knew a month ago. Yesterday there was a down tape, but as far as I know, of all the stocks that blew out earnings the day before held most of their gains. Paypal on the other hand, sold off an hour before the close for almost no gains on earnings. How convenient since the Venmo news came out right after the close. It's almost as if the information was held back so some select people could make bank on the earnings pop, and they took profits just in time. What a coincidence!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Yeah, I'm doing much better with BP, and they are losing money hand over fist and also doing massive oil spills all over the globe. But, the stock goes up and I get a nice 7% dividend. Stocks that lose money are better investments than these strong growth companies.
Too bad I went to the bathroom for a nice #$%$ and missed it! Oh well, next earnings day I'm taking off work so I don't miss my 2 minute window of opportunity to sell.
I'm not talking about hedge funds, they get in and out like day traders. I mean big retirement funds and funds like them, the types that buy and hold long term. They generally don't touch anything without a dividend.
Why, it's only 7 cents away from the 30's. At least now we know why the earnings pop fizzled out. Wall Streeters got an early heads up on the Venmo investigation, and they traded out on that inside info, the rest of us don't get the memo until after hours.
I am being patient. I just wish I had sold this pop so I could be patiently waiting to buy back at a lower price.
Paypal's been around for decades. You know why my BP shares held onto their gains after a nice earnings rip higher? The dividend. Everyone got a nice move higher, and now they figure they might as well hold on for the dividend. With Paypal, there's no reason to hold on after a nice pop. We've all been trained to expect these pull backs after a nice earnings pop, that's why the pops only last a few hours. It's a race to take profits or get stuck until the next couple hours pop in 3 months.
Yeah, bu as some institutional investors have pointed out, they'd rather buy AMEX or VISA because they have a dividend. This stock is so volatile because it's held mostly by small investors who buy and sell based on whatever garbage some analyst is spewing at any given moment on CNBC. Mostly the holders are bums trying to make a living doing day trading instead of working.