37.49 0.00 (0.00%)
After hours: 5:25PM EST
|Bid||37.37 x 1100|
|Ask||37.50 x 1000|
|Day's Range||36.97 - 37.50|
|52 Week Range||26.01 - 44.36|
|Beta (3Y Monthly)||1.25|
|PE Ratio (TTM)||14.69|
|Earnings Date||Apr 23, 2019 - Apr 29, 2019|
|Forward Dividend & Yield||0.56 (1.54%)|
|1y Target Est||37.41|
Bids on one of the rarest Michael Jordan cards in circulation shot up by nearly $150,000 in the final frenzied minutes of an eBay (EBAY) auction this week, and in the end it took $350,100 to bring home this piece of the NBA great’s storied career. “We call it a ‘holy grail’ because it’s so scarce and so desired that you just frankly never see it,” said Brent Huigens, CEO of memorabilia firm PWCC Marketplace, according to the Chicago Tribune. Only 10 of the Chicago Bulls legend’s 1997-98 Precious Metal Gems (PMG) Green cards were made as insert cards for Skybox’s Metal Universe packs, according to PWCC, which handled the sale on behalf of a private international owner.
[Editor's note: This story was originally published in January 2019. It has since been updated and republished.]The buzz was that 2019 would be one of the biggest years for initial public offerings (IPOs), at least in terms of the amount of capital raised. The main reason: We are likely to see a variety of tech unicorns finally hit the markets.But unfortunately, there's a big problem. The partial shutdown of the federal government has meant that there is a skeleton staff at the SEC (Securities and Exchange Commission). When this happens, it means that there can be no IPOs. According to U.S. law, the federal government must approve any offer of securities to the public.InvestorPlace - Stock Market News, Stock Advice & Trading TipsYet hopefully the shutdown will not last long and that investors will soon get a chance to invest in myriad hot deals. [Ed's note: The shutdown ended Jan. 25, 2019, lasting a total of 35 days.] Actually, the upcoming "Paul" IPO offerings -- including Pinterest, Airbnb, Uber and Lyft -- will likely dominate the headlines. The amounts raised will certainly be enormous.OK, since there are no public filings of the S-1s, the financial data is a bit fuzzy on the Paul stocks (note that some of the filings are confidential, such as from Uber and Lyft). Yet there is still lots of information available, such as from press releases and third-party analyses, to get a sense of these companies. * 9 High-Growth Stocks to Buy Now for Monster Returns Here's a look: Pinterest IPOThe upcoming Pinterest IPO has not seen much attention. Yet this does not mean it will be a laggard. For the most part, Pinterest has been able to put together a solid business.Unlike a typical ecommerce platform like Amazon.com (NASDAQ:AMZN) or eBay (NASDAQ:EBAY), Pinterest has made buying highly engaging. The members of the site can pin their favorite items, creating compelling boards. In fact, there are 175 billion pins!Here are some other notable metrics: * There are 250 million MAUs (monthly active users). * 50% of the traffic is outside the U.S. and 80% comes from mobile phones. * 93% of active pinners use the service to plan for purchases.So yes, monetization has been strong. For 2018, revenues are estimated to have increased by 50% to $700 million. And as for the valuation of the Pinterest IPO, it is projected at about $12 billion. Source: Shutterstock Airbnb IPOOnline marketplaces can be very powerful. This is even the case if the technology is not on the cutting-edge. Hey, just look at Craigslist, which continues to be a dominant player in online classified listings. The key is to get to critical mass, in which there emerge network effects. When this happens, an online marketplace can be extremely difficult to unseat.This appears to be the case with Airbnb. The company has more than 5 million listings across over 190 countries.The business is also highly lucrative. In the latest quarter, revenues grew by more than $1 billion. It also looks as if the company has been cash-flow positive for the past two years. * 10 Monthly Dividend Stocks to Buy to Pay the Bills Something else to consider: The Airbnb IPO may be unconventional - that is, Airbnb could issue shares directly to the public, avoiding the high fees of investment banks. If so, this means retail investors will have a chance to snag shares at the offering price. Source: Uber Uber IPOFor many startups, the founders will often be overly optimistic about their forecasts. But this was not the case with Uber. If you take a look at the original investor deck, which was created ten years ago, the estimates turned out to be too conservative.Fast forward to today: The valuation of the upcoming IPO is at about $120 billion.Granted, when it comes to such estimates, they can be far from perfect. But it seems like a pretty good bet that the Uber IPO will be one of history's largest - perhaps with a capital raise of over $12 billion.To put things into perspective, Facebook (NASDAQ:FB) raised $16 billion in its own public offering in 2012 (note that Uber has already raised $20 billion in private equity and debt financings).What about the growth rate? Well, it has actually been decelerating, but the ramp is robust, especially in light of the scale. During the latest quarter, revenues rose by 38% to $2.95 billion. The company is also seeing traction with other business segments, such as Uber Eats and the freight unit.Even though the company has had plenty of drama over the years - such as with allegations of stealing intellectual property and spying on rivals - the company's new CEO, Dara Khosrowshahi, has been swift in making changes to the culture. He certainly knows how to run large organization, as he was formerly the CEO of Expedia (NASDAQ:EXPE). Source: Shutterstock Lyft IPOLyft recently published its review for 2018. And yes, the company has been very busy. Here are just some of the highlights: * In September, Lyft logged its one-billionth ride. The company averaged 50 million rides a month for the year. * The service is now available to 95% of the U.S. population. * The company acquired Motivate, which has become the largest bikeshare operator in North America. * Lyft launched scooters in nine cities in the U.S.Yet despite all the success, Lyft is still far behind rival Uber. The company's share of the U.S. ride-hailing market is 28% while Uber's is 69%. Uber also has an extensive global footprint.But the Lyft IPO should still do just fine. Keep in mind that the company continues to grow at a rapid pace. In the third quarter, revenues spiked by 88% to $563 million. * 7 Healthy Dividend Stocks to Buy for Extra Stability As for the valuation of the upcoming Lyft IPO, it is estimated at $15.1 billion (which is based on the latest valuation). The company has also raised about $5.1 billion. Some of its marquee investors include Alibaba (NYSE:BABA), General Motors (NYSE:GM), Founders Fund and Tencent.Tom Taulli is the author of High-Profit IPO Strategies, All About Commodities and All About Short Selling. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 6 Hot Stocks For Goldman Sachs' New Investing Strategy * 10 Smart Money Stocks to Buy Now * The 10 Best Cheap Stocks to Buy Right Now Compare Brokers The post 4 'Paul' Stocks -- Pinterest, Airbnb, Uber, Lyft -- That Are Going Public Soon appeared first on InvestorPlace.
It seems little can stop PayPal (NASDAQ:PYPL) and PayPal stock.Source: Shutterstock Thanks to the rise of digital payments, PayPal may finally be realizing its true potential more than 20 years after its founding. PayPal stock has steadily risen as the number of markets in and methods of digital payments grow in both the U.S. and abroad.Despite PayPal's disappointing earnings report, PYPL stock quickly rebounded above its pre-earnings levels. Such a recovery shows that growth, rather than news, will serve as the driver of PayPal stock for the foreseeable future.InvestorPlace - Stock Market News, Stock Advice & Trading Tips PayPal Stock Recovered Quickly From Its Disappointing EarningsPayPal stock looks poised to break out again. The stock fell in trading following its Jan. 30 earnings report. While PayPal's earnings beat expectations, Wall Street was disappointed by its revenue that merely met estimates, as well as its Q1 guidance. * 9 High-Growth Stocks to Buy Now for Monster Returns However, traders quickly got over their disappointment. The stock recovered to its pre-earnings level within a week. Now PayPal stock trades at around $95.50 per share, just shy of its 52-week high.Fundamentals also indicate that PYPL stock could move higher. The forward price-earnings ratio of PYPL stock stands at 27.2. That seems reasonable, considering that analysts on average expect the company's profit to increase 19.4% this year and 20.8% in 2020.And PYPL will indeed grow, greatly benefiting PayPal stock in the process. PayPal CEO Dan Schulman predicts that digital payments will become a $100 trillion market. So far, Schulman estimates that they have reached about 1%-2% of that level. PayPal Stock Versus SQ StockPayPal has had to play catch-up with Square (NYSE:SQ) in some respects. When PayPal was owned by eBay (NASDAQ:EBAY), Square came in and took the lead on smartphone-based payments.To this day, Square is ahead of PYPL in features that go beyond payment processing. However, not all sellers need additional systems. Moreover, the massive growth of online payments leaves room for both companies.PayPal stock also appears better-positioned to benefit investors than SQ. Square's growth rates will exceed 50% per year for the foreseeable future. However, SQ trades at almost 110 times its forward earnings. PayPal's top line is only expected to increase about 18% in 2020 versus 2019. Still, the forward price-earnings ratio of PayPal stock is only 27.4, making it a much better buy, with lower risk, than SQ stock. Digital Wallets And Foreign Markets Will Drive PayPal's GrowthPYPL will also benefit from other growth engines. Its digital wallet, Venmo. has opened up a new market for it.Venmo competes with Zelle, a digital-payment network owned by a number of banks, including Bank of America (NYSE:BAC) and JPMorgan Chase (NYSE:JPM). However, Zelle tends to focus on larger, less-frequent transactions, while Venmo focuses on a larger number of smaller purchases. Venmo can also be integrated with one's social network, a feature that's particularly appealing to millennials. The number of payments processed by Venmo surged 80% year-over-year.Additionally, PayPal has also made moves into China, Japan, and India. In India, PayPal has earned a profit since it entered the market in November 2017. It faces competition from the likes of Amazon (NASDAQ:AMZN), Alibaba (NYSE:BABA), and Walmart (NYSE:WMT) in India.Despite this competition, PYPL feels optimistic that it can become the leading digital- payment processor in India. Worth just $200 million in 2017, India's digital-payments market should be worth $1 billion by 2023. Bolstered by a population of 1.3 billion that's growing increasingly wealthy, the Indian market has tremendous potential for PYPL. Final Thoughts on PayPalPayPal's growth catalysts should enable PYPL stock to advance by large amounts for years to come. PYPL has moved little in the last week, and it's barely higher than the $93 per share level it first reached in September.However, quarterly reports and Wall Street analysis all affirm that the company's growth remains strong. More people continue to make online payments more often, and online payments continue to transform the way the world spends money. The fact that PYPL is helping to lead this trend bodes well for the performance of PayPal stock in the months and years ahead.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 6 Hot Stocks For Goldman Sachs' New Investing Strategy * 10 Smart Money Stocks to Buy Now * The 10 Best Cheap Stocks to Buy Right Now Compare Brokers The post PayPal Stock Looks Poised to Become a ProfitPal for Investors appeared first on InvestorPlace.
Where's the 'Next Warren Buffett' Placing His Bets?(Continued from Prior Part)Seth Klarman added eBayDuring the fourth quarter, Seth Klarman added 21 million shares of eBay (EBAY) worth $589 million to his portfolio. The stock accounts for a very
PayPal Digest: Venmo, Bitcoin, Share Repurchases, and More(Continued from Prior Part)$3.5 billion returned to shareholders in one year PayPal (PYPL) returns value to its shareholders through share repurchases, which it funds with its cash stockpile.
Alibaba (NYSE:BABA) has become a contradiction. Given its valuation, one might think of it as a lower-cost alternative to those who bought Amazon (NASDAQ:AMZN) too late. However, the fact that BABA stock is not actually ownership in Alibaba bothers more risk-averse investors. Moreover, ties to China's Communist party along with murky accounting create other concerns.Source: Shutterstock However, Alibaba is also in the midst of a leadership change. Such transitions can become fraught with problems. In fact, BABA stock investors may have focused so heavily on the current risks that they may be ignoring a problem that makes any accounting or political issues irrelevant. Alibaba Stock is a ContradictionBABA stock frustrates some investors. On the one hand, it looks like a bargain compared to its U.S. peer Amazon. Trading at a forward price-to-earnings (PE) ratio below 25, it compares well to Amazon's 40.6 (and falling) forward PE. Analysts also forecast 14.3% profit growth in 2019 and 23.2% in 2020.InvestorPlace - Stock Market News, Stock Advice & Trading TipsConversely, BABA stock also holds risks not shared by AMZN. In previous articles, along with my InvestorPlace colleagues, I have mentioned the fact that owning BABA is not owning Alibaba. Instead, investors own a Cayman Islands-based holding company which receives a share of Alibaba's profits. Also, accounting practices also call the true financial condition of Alibaba stock into question. Beware the Conglomerate StatusHowever, the problem for BABA stock that receives less attention is Alibaba's conglomerate status. Yes, one can say the same about Jeff Bezos at Amazon. However, Bezos remains firmly entrenched in his CEO position. This is not the case with BABA. Now that Jack Ma has started to transition out of the company, the pressure will fall on new CEO Daniel Zhang. History shows that these types of firms fare poorly when handed to a successor. * 7 Healthy Dividend Stocks to Buy for Extra Stability The problem with conglomerates is they tend to become an entity that only the current CEO can manage. They then proceed to fall apart once they move to a successor. We saw this on the geopolitical stage when Yugoslavia's disparate culture groups tore the country apart in the 1990s after the death of Marshal Tito. This also occurred in American business with GE (NYSE:GE) following Jack Welch's retirement. Since Welch left, GE has continued to shed many of its businesses as they became unmanageable. It has seen its stock fall by more than 85% since Welch stepped down in 2001. America's Experiences Bode Poorly for BABADaniel Zhang inherits a comparable situation at Alibaba. Its core retail business acts as a wildly successful version of eBay (NASDAQ:EBAY). That has slowly begun to change under the competitive threat from JD.com (NASDAQ:JD), which runs a more Amazon-like retail business. However, BABA followed Amazon's lead by building a successful cloud business. Alibaba also works in artificial intelligence (AI), online payments, digital media, and entertainment.Investors need to ask if Mr. Zhang can navigate all of these businesses at the same time. If the answer is yes, one can make a speculative case for Alibaba stock. However, other than Amazon in some areas, the experiences of American business with such firms indicate spinoffs could come in the future.In an attempt to combine retail with payments, eBay bought PayPal (NASDAQ:PYPL). The online marketplace rethought that decision years later and today PayPal again operates as a separate company. In some ways, even Amazon's experience does not bode well. Though Amazon runs an entertainment arm through Prime Video, it continues playing catch-up to Netflix (NASDAQ:NFLX). Also, outside of the Echo, Amazon has done little with AI. * 7 Financial Stocks With Accelerating Growth These examples indicate that Mr. Zhang will face the same kind of challenges. Worse, if Zhang's time at Alibaba mirrors that of former CEO Jeff Immelt's tenure at GE, BABA stock may begin a gradual, multi-year decline. Final Thoughts on BABA StockDue to its new CEO, Alibaba's conglomerate status could create a danger separate from its political and accounting issues. Years ago, Alibaba ventured outside of its core retail business. It now works in fields unrelated to retail, such as entertainment and AI.Given his success, Jack Ma had a vision and saw what could work in these multiple, disparate industries. The problem with businesses like this is finding a successor with similar talent. Jack Welch's most significant failure at GE likely was an inability to find the younger version of him. Time will tell if Jack Ma can succeed where Jack Welch did not. Whether that answer is yes or no, investors need to weigh that threat when considering a position in BABA stock.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Smart Money Stocks to Buy Now * The 10 Best Cheap Stocks to Buy Right Now * 7 Restaurant Stocks to Watch in 2019 Compare Brokers The post There's a Problem With Alibaba Stock That Deserves More Attention appeared first on InvestorPlace.
PayPal Digest: Venmo, Bitcoin, Share Repurchases, and More(Continued from Prior Part)PayPal’s service uptake remains strong despite price hikePayPal (PYPL) is battling competition from all sides. Last year, Square (SQ) sought to challenge it in
U.S. stock futures are heading for a sleepy open. Yesterday's release of the minutes from the Federal Reserve's recent meeting did little to change the bullish trajectory of the market. Small-caps continued their dominance on Wednesday, logging their eighth consecutive up day.In early morning trading, futures on the Dow Jones Industrial Average are down 0.14% and S&P 500 futures are lower by 0.18%. Nasdaq-100 futures have shed 0.17%.In the options pits, call volume bounced back, helping to drive overall volume closer to average levels. Specifically, about 18.9 million calls and 15 million puts changed hands on the session.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAt the CBOE, call popularity drove the single-session equity put/call volume ratio back to 0.54. Meanwhile, the 10-day moving average remain unchanged at 0.60.Options activity was a mixed bag on Wednesday, as options traders zeroed in on analyst actions. Ford (NYSE:F) surged this week after its low valuation and juicy dividend yield finally attracted buyers. eBay (NASDAQ:EBAY) call volume jumped even as traders hit the pause button on its impressive recovery. Finally, Apple (NASDAQ:AAPL) calls were hot as the stock tried to break out of its narrow trading range.Let's take a closer look: Ford (F)Buyers are finally coming after beaten-down Ford shares. The ailing automaker scored its third consecutive accumulation day and is testing overhead resistance at $9. A breakout has the potential to push F stock into the next stage of its bottoming process. * 7 Healthy Dividend Stocks to Buy for Extra Stability All was quiet on the news front this week, so the buying binge is likely a byproduct of the broader enthusiasm driving the overall market higher. The low valuation and juicy 6.7% dividend yield seem to have dumpster divers finally taking note.The bulls' enthusiasm spilled into the options market, placing Ford on the most-actives leaderboard. Activity swelled to 185% of the average daily volume, with 162,191 total contracts traded. 76% of the trading came from call options alone.Implied volatility slipped lower on the day to 31%, placing it at the 28th percentile of its one-year range. Premiums are pricing in daily moves of 18 cents, or 2%. eBay (EBAY)Excitement over eBay's continued turnaround pushed the e-commerce giant into the most active options list. As with Ford, market-moving news in eBay was absent yesterday, so let's take an updated look at its price action.The low bar set after the stock fell as much as 45% last year was surpassed this earnings season. Indeed, since the turn of the year, EBAY shares have been rocketing higher, virtually uninterruped. With the stock on the cusp of finally filling its earnings gap from two quarters ago, sellers finally scored a down day.Nonetheless, calls absolutely dominated the session. Total activity grew to 140% of the average daily volume, with 101,116 total contracts traded. Calls accounted for 89% of the tally.Implied volatility has been climbing this week and now sits at 31% or the 41st percentile of its one-year range. At present, premiums are pricing in daily moves of 71 cents which translates into 1.9%. Apple (AAPL)Apple has been locked in a narrow trading range for seven trading sessions. But yesterday it finally tried to break out. Though the attempt ultimately failed, the excitement was enough for AAPL to clinch the tenth spot on Wednesday's most-actives list.Though the rally faded by the closing bell, the nascent uptrend for AAPL stock remains healthy. With the stock above the 20-day and 50-day moving averages, not to mention the bubbly sentiment driving stock indexes to the moon, I see little reason to bet against more upside.The theme of call popularity continued with Apple. Though activity only climbed to 90% of the average daily volume, with 428,571 total contracts traded, it was enough to land the make of all i-Things on the leaderboard.Subdued movement has driven implied volatility into the tank. Yesterday it fell to the 22nd percentile of its one-year range. Premiums are pricing in daily moves of $2.37, or 1.4%.As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Smart Money Stocks to Buy Now * The 10 Best Cheap Stocks to Buy Right Now * 7 Restaurant Stocks to Watch in 2019 Compare Brokers The post Thursday's Vital Data: Ford, eBay and Apple appeared first on InvestorPlace.
A Peek at PayPal’s International Operations(Continued from Prior Part)Pakistan ready to receive PayPal with open arms Pakistan is one of the countries where PayPal (PYPL) still doesn’t have a presence. But that could soon change. The Pakistani
After the separation of PayPal and eBay in 2015, eBay went one step further in early 2018, announcing an agreement with Adyen in which the Dutch company will become eBay's primary payments processing partner. In the meantime, PayPal and eBay are still important partners.
PayPal Digest: Venmo, Bitcoin, Share Repurchases, and MoreGuggenheim cites competitive headwinds Early this month, Guggenheim downgraded PayPal (PYPL) stock to a “neutral” from a “sell.” The company also removed its $95 price target on PayPal
Must-Read Updates on Shopify, JD, and Pinduoduo(Continued from Prior Part)Pinduoduo launches a subsidy program Pinduoduo (PDD), a rising star in China’s e-commerce industry, is planning to spend more than $73 million this year on a subsidy program
A Peek at PayPal’s International Operations(Continued from Prior Part)PayPal to help train fintech experts in SingaporePayPal (PYPL) recently announced a partnership with several technical institutions in Singapore on a financial technology (or
Must-Read Updates on Shopify, JD, and Pinduoduo(Continued from Prior Part)Facility to host JD’s research team JD.com (JD) purchased a five-star hotel facility near one of China’s technology hubs, according to reports from Chinese media outlets.
Must-Read Updates on Shopify, JD, and PinduoduoWalmart Canada is exploring the cannabis businessIn Canada, Shopify (SHOP) seized the pot moment. When legal cannabis for recreational use kicked off in Canada last year, many government-sponsored
A Peek at PayPal’s International OperationsWhy PayPal is closing its Malaysian officePayPal (PYPL) is planning to close its customer support office in Malaysia by the end of this year, a decision the company says is intended to align its
BTIG analyst Mark Palmer increased his price target on shares to PayPal Holdings Inc. to $114 from $95 on Monday on optimism for the company's ability to weather changes in its relationship with eBay Inc. [: ebay] and continue growing active accounts at a fast clip. Palmer's new target is the second highest listed on FactSet. "We believe PayPal is well positioned to continue to generate growth about twice that of its peer group, which justifies a premium multiple," Palmer wrote. He highlighted the company's active account additions of 13.8 million in the latest quarter, which included about 2.9 million that came via acquisitions. The metric was "well above" the recent norm of about 8 million to 9 million net new additions per quarter. PayPal's stock has gained 18% over the past three months, while the S&P 500 has risen 3.2%.
PayPal and Venmo are both great services depending on what the customer wants. Here are the differences between the two popular money apps.
Key Updates from Amazon, eBay, and Alibaba(Continued from Prior Part)Maneuver to bypass American regulators Alibaba’s (BABA) Ant Financial has confirmed its plans to acquire WorldFirst, a British money transfer and currency exchange firm, according
Key Updates from Amazon, eBay, and Alibaba(Continued from Prior Part)eBay initiates quarterly dividend eBay (EBAY) is planning to pay $0.14 per share in dividends to its shareholders in March, which will mark eBay’s first-ever dividend payment. The
If you don't know fashion labels Supreme or Off-White, you've probably also never heard of Grailed, an eBay-like marketplace where those brands are bought and sold. It was started five years ago by CEO ...