Today’s Research Reports on Stocks to Watch: Shopify and PayPal
NEW YORK, NY / ACCESSWIRE / November 17, 2017 / Shopify leaped ahead on Thursday after announcing it has teamed up with UPS ahead of the holiday quarter to provide merchants on its platform with special rates. Shares of PayPal also scored big gains after announcing fourth quarter guidance higher than previously projected and that it would sell almost $6 billion in consumer loans to Synchrony Financial.
RDI Initiates Coverage on:
Shopify Inc.
http://www.rdinvesting.com/report/?ticker=SHOP
PayPal Holdings, Inc.
http://www.rdinvesting.com/report/?ticker=PYPL
Shopify Inc. shares closed up nearly 6% yesterday on almost 2.8 million shares traded. Shares headed north after Wall Street learned that the company has partnered up with UPS to provide merchants that use the Shopify platform with special rates that usually only bigger business customers receive. It's a smart move for the company with the holidays coming up. Shopify said the special pricing includes "pre-negotiated domestic and international rates." Vice President of Global Product Innovation at UPS, Jerome Roberts, remarked, "By embedding UPS natively into Shopify's platform, merchants will get the breadth and reliability of UPS's services to more than 220 countries and territories, while easily managing all aspects of shipping and fulfillment in one place. Shopify merchants now have access to UPS's industry-leading tools and can provide the same high quality services as large ecommerce companies." Shopify Head of Global Shipping and Fulfillment, Maia Benson, said, "Working with UPS helps level the playing field for small businesses to compete against larger brands with guaranteed delivery times and competitive rates previously unavailable to many small- and medium-sized merchants.”
Access RDI's Shopify Inc. Research Report at:
http://www.rdinvesting.com/report/?ticker=SHOP
PayPal Holdings, Inc. shares closed in the green up 5.82% on almost 12.5 million shares traded on Thursday. The stock hit a new high of $77.94 during intra-day trading yesterday after the company's executives raised fourth quarter guidance and announced that it would sell nearly $6 billion in consumer loans to Synchrony Financial. For the fourth quarter, executives have forecast EPS in the range of 52 cents to 59 cents with revenue of $3.64 billion to $3.7 billon. Previously PayPal had forecast EPS of 37 to 39 cents and revenue of $3.57 billion to $3.63 billion. PayPal will be selling $5.8 billion in consumer credit receivables to Synchrony Financial in a deal that also includes Synchrony's acquisition of $1 billion in participation interests in PayPal receivables that are held by certain investors and a chartered financial institution. CEO Dan Schulman commented, "Providing great payments experiences to our customers is at the core of everything we do. Our expanded relationship with Synchrony Financial will free up cash currently used to fund consumer credit receivables for other uses, while accelerating our ability to deliver engaging credit and payments experiences for our customers. We believe this transaction significantly advances our strategic and financial goals." Shares are up over 96% this year so far.
Access RDI's PayPal Holdings, Inc. Research Report at:
http://www.rdinvesting.com/report/?ticker=PYPL
Our Actionable Research on Shopify Inc. (NYSE: SHOP) and PayPal Holdings, Inc. (NASDAQ: PYPL) can be downloaded free of charge at Research Driven Investing.
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