PYPL - PayPal Holdings, Inc.
| Previous Close | 106.52 |
| Open | 106.81 |
| Bid | 107.31 x 800 |
| Ask | 107.30 x 1100 |
| Day's Range | 106.46 - 107.89 |
| 52 Week Range | 74.66 - 121.48 |
| Volume | 1,461,675 |
| Avg. Volume | 6,632,525 |
| Market Cap | 126.493B |
| Beta (3Y Monthly) | 0.87 |
| PE Ratio (TTM) | 51.24 |
| EPS (TTM) | 2.10 |
| Earnings Date | Oct 16, 2019 - Oct 21, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 126.72 |
- Zacks
The Zacks Analyst Blog Highlights: PayPal, Square, Intuit, Apple and JPMorgan Chase
The Zacks Analyst Blog Highlights: PayPal, Square, Intuit, Apple and JPMorgan Chase
- Investor's Business Daily
PayPal Stock Bounce Tied To New E-Commerce Partners, As EBay Goes Away
PayPal will be a stronger by forming partnerships with new e-commerce platforms as its financial ties to former parent eBay wind down, one analyst says. PayPal stock has consolidated.
- Market Realist
Facebook to Enter $1 Trillion Indian Market with WhatsApp
Facebook (FB) plans to launch its WhatsApp payment service in India before the year wraps up, according to WhatsApp India head Abhijit Bose.
- Zacks
Does JPMorgan's Same-Day Deposit Put PYPL & Others in Danger?
Digital payments space heats up with growing proliferation of instant and same-day deposit services being offered by JPMorgan Chase, Square, PayPal and others.
- InvestorPlace
Square Stock Has Been Under Pressure, May Retest $50
Over the past decade, Square (NYSE:SQ) has become a dominant player in the mobile payments and financing sphere. And the SQ stock price since 2015 has reflected the company's exponential growth.Source: IgorGolovniov / Shutterstock.com However, Square stock is off its recent highs, as the shares got penalized following its second-quarter earnings report in August. Year-to-date, the SQ stock price is basically flat. Now may be a good time to ask why Square shares have been falling and what we can expect in the final quarter of 2019.I believe that the owners of Square stock may have to reset their growth and share price expectations. In the coming weeks, I'd be a buyer below $55, especially if the price approaches or even goes below $50. Here are the must-know fundamental metric and price levels for SQ stock.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Square Stock's Q3 Guidance Failed to ImpressSquare was co-founded in February 2009 by Jack Dorsey, who is also the CEO of Twitter (NYSE:TWTR). Its payments processing business, also referred to as "payments as a service," has been a game changer in serving small businesses. To the delight of early investors, this innovative financial services company has expanded quickly and become a disruptor.SQ stock reported Q2 earnings on Aug. 1 after market close. Notably, the payment-solutions company posted better-than-expected earnings and revenues. Its total net revenue increased 44% year-over-year to $1.17 billion. * 7 Tech Stocks You Should Avoid Now And on an adjusted basis, earnings were 21 cents per share, beating Wall Street's expectation of 17 cents per share. A year ago in Q3, Square stock's adjusted earnings per share came in at 13 cents.Square's subscription and services-based revenue also increased 87% to $251 million. Gross payment volume of $26.8 billion increased from $21.4 billion year-over-year. This growth has been driven by its Cash App, Square Capital and Instant Deposit. Analysts were especially impressed with Cash App -- quarterly revenue came at $135 million.The quarterly report once again confirmed that Square stock is a high-growth equity. Such shares in general are far more volatile than market indices or mature companies. Whenever investors feel growth expectations need to be toned down, they sell the stock first and ask questions later.Investors were especially concerned by the company's lower-than-expected Q3 guidance. Its Q3 adjusted-EPS guidance of 18 cents to 20 cents trailed the average estimate of 22 cents. Square management now expects Q3 adjusted revenue to be between $590 million and $600 million as opposed to the consensus of $599 million.Square stock's losses on the bottom line are also projected to be higher than expected. And many shareholders have likely felt that for the rest of the year, SQ stock may face a rising tide. Where SQ Stock's Price Is NowThe U.S. stock market has had several big winners in the past year. However, Square stock has not been one of them. Over the past 12 months, SQ shares are down about 36%.Let us briefly remember how the Square stock price has acted over the years to have a better view on what to expect in the coming weeks.Following SQ stock's IPO in late 2015, its price surged from $9 to an all-time high of $101.15 in October 2018, as the company became a darling of long-term investors.SQ stock went on a big tear during the summer of 2018, baking in plenty of euphoria. As a result, shares have been weak since reaching its all-time high on Oct. 1, 2018. By late December 2018, SQ was hovering around $50.After a highly volatile first half of 2019, August has not been a good month for Square shares either. That's of course due to the weak Q3 guidance which has underwhelmed investors.On earnings day, Square stock closed at $80.98. The next morning, SQ shares gapped down to open at $70.80. Now the shares are hovering around $58.From a technical perspective, I'm not expecting Square stock to make another significant leg up any time soon. In the next few weeks, shares are likely to be rangebound between $50 and $55.Plus, based on options trading, many bets are being placed that Square shares will see $50 before too long.The upside momentum can build up only when long-term investors feel that the SQ stock price justifies the future growth expectations. Consequently, investors need to be careful about chasing Square stock at this point. Square Stock Is Still Richly ValuedAlthough the decline in Square's stock has improved the valuation, the shares are still richly valued.While SQ currently enjoys a head start in serving small businesses, Wall Street has questions about whether it can maintain that growth. If the U.S. economy slows, Square's growth may start to decelerate rather quickly.Furthermore, Square is not yet profitable. Its net loss was $7 million in Q2, compared to a net loss of $6 million in the year-ago quarter. The company has reported net losses in five of the last six quarters. And unless it increases its revenue, Wall Street may take the high valuation of SQ stock down even further.The expansion of Square's ecosystem also means that SQ is facing increased competition. Square must now compete with many well-capitalized companies, including the global online-payments company PayPal (NASDAQ:PYPL), transaction-processing leader Visa (NYSE:V) and Fiserv (NASDAQ:FISV), which is shaping up to become a global-payments giant.Most SQ stock holders are well aware that the shares do not trade at bargain-bin valuation ratios, especially compared to its competitors. For example, SQ's forward price-to-earnings ratio is over 50. On the other hand forward P/E ratios for PYPL, V and FISV stocks are about 30, 28 and 26 respectively.Similarly Square stock's current price-to-sales ratio is over 6.3x. Companies generate revenue from the sale of goods and services. Analysts prefer a low P/S multiple, ideally below 1x. However, a P/S number between 1x and 2x is more common. To put the metric into perspective, S&P 500's average price-to-sales ratio is 2.1x.In short, I do not think there is much room for Square stock's valuation to head higher in the final quarter of the year. Sooner or later, SQ stock's valuation and revenue growth will be more in balance. Should You Buy SQ Stock?The fintech app revolution is quickly changing the way traditional banks, credit card issuers and mobile-payments companies work with businesses as well as with their retail customers. Therefore, over the long term, I would not bet against SQ stock. In the short term, though, stakeholders shouldn't expect smooth sailing.I believe the volatility and selling in the markets will continue in September as well as in early October. Like many momentum plays, SQ stock is likely to be a battleground between two camps: investors and traders.Square is a high beta stock at 3.3. The stock market has a beta of 1.0. SQ stock's beta measures its volatility in relation to the market. In other words, Square stock rises more than the market in bullish conditions and decreases more when markets are falling. Short-term traders should exercise caution if they want to participate in SQ stock's wide daily swings.It is likely that Square shares will fall toward $50, where I'd expect SQ stock to start to stabilize and then trade sideways until the next earnings release, expected in early November.Indeed, Square stock may become one of the first momentum stocks to test the lows it saw between $49-$50 in December 2018, hence making a double bottom in technical charts. Only then the twice-touched low may become a more reliable long-term support level.In other words, I'd not rush to buy Square stock yet. However, I'd get ready to initiate a position as the price declines further, toward $50.At the time of writing, Tezcan Gecgil did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Recession-Resistant Services Stocks to Buy * 7 Hot Penny Stocks to Consider Now * 7 Tech Stocks You Should Avoid Now The post Square Stock Has Been Under Pressure, May Retest $50 appeared first on InvestorPlace.
- InvestorPlace
Stay on the Sidelines as Square Stock Continues to Fall
Square (NYSE:SQ) stock has fallen precipitously since my last analysis. Shares are down from roughly $80 per share in late July to $58.29 at the close Sept.13. With slowing growth, it's no surprise the stock has lost its mojo. But is the recent dip a sign that its time to buy?Source: Jonathan Weiss / Shutterstock.com In July I wrote about how Square stock could be a buy on a dip. However, with recent developments, I am less confident SQ stock can continue trading at such a high premium to its payment processing peers.How have things changed? Read on to see why it's best to avoid Square stock.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Sentiment Turns Bearish for SQ StockResults for the quarter ending June 30 were decent. Year-over-year adjusted revenues were up 46%. Adjusted earnings before interest, tax, debt and amortization skyrocketed from $62 million in the first quarter of 2019 to $105 million in Q2 2019. The company's Cash App business continues to scale, now generating $135 million in revenue for Q2.But investors are now writing off Square's growth potential. Adjusted revenue grew only 15% from the prior quarter. The company has built a tremendous brand with their flagship payment processing product. But in order to fuel growth, SQ needs new revenue streams to move the needle. * 7 Tech Stocks You Should Avoid Now Food ordering could have been the next frontier. The company owned DoorDash competitor Caviar. However, Square decided to throw in the towel, agreeing to sell Caviar to DoorDash for $410 million. The deal does have a silver lining, as it strengthens Square's ties to the food delivery powerhouse.Square is losing key customers. In late August, the financial press made big hay over the loss of Danish chain Joe & The Juice. This highlights Square's troubles with international growth. With U.S. sales slowing down, global growth is necessary to justify SQ stock's current valuation.Is this making a mountain out of a molehill? Joe & The Juice was likely not material to Square's revenues, but it does strengthen the bear case for Square. Square has a weak economic moat. Competitors with the capital to scale can easily steal market share.InvestorPlace's Mark Hake discussed this Sept. 12. Shopify (NYSE:SHOP) and PayPal (NASDAQ:PYPL) are inching into Square's business. Square is now playing defense. SQ is even trying to enter their respective businesses. The purchase of Weebly was obviously a play to build a Shopify-esque e-commerce platform. Cash App is Square's answer to PayPal's Venmo.With this in mind, let's see if the valuation of Square stock compensates for these risks. Despite Drop, Square Stock Remains OvervaluedSlowing growth has impacted the Square stock price. But shares continue to trade at a high valuation. Square's forward price-to-earnings ratio is 52.5. This is almost double PayPal's forward P/E of 30.3. SQ trades at a discount to PYPL in terms of its price-to-sales ratio, but enterprise value/EBITDA is another story. Square's EV/EBITDA is 718.3. This is leaps and bounds above PayPal's EV/EBITDA ratio of 40.3.But will Square stock grow into its valuation? If you take PayPal's EBITDA margin (18.3%) and apply it to Square's trailing 12-month sales ($3.95 billion), EBITDA would be $722.9 million. Apply a 40.3x multiple. This gives you an enterprise value of $29.1 billion, close to the mark of Square's current EV ($24.9 billion).There are a few caveats. With increased competition, there will be further pressure to compete on price. PayPal can easily subsidize a price war with Square. While Shopify is an equivalent size to SQ, Shopify can easily offer its e-commerce clients an in-house payment service. Growing into its valuation will not come easy.All of this makes it tough to justify the current price of SQ stock. It would be one thing if Square was the "name" in its niche. But in many ways, Square is unfortunately an "also-ran." Bottom Line: All Bets Are OffSquare stock has the potential to turn around the ship. Sales growth is slowing, but net revenue has not diminished. The company continues to make gains in the global payments marketplace. However, the recent negative sentiment is justified. In a "winner-take-all" world, even disruptors can get disrupted. Shopify is not an unsinkable ship, but it could do some damage to Square's market power. PayPal's scale brings up concerns over a potential price war.I missed the mark in my last Square analysis. I chose to stay on the sidelines, but believed SQ stock could inch higher. With growth names like Square, it's tough to predict future outcomes. For investors looking at the stock today, it's best to have the same conclusion.Square stock could be cheap down the road. But for now, the company needs leaps-and-bounds growth just to match its valuation. Things could be different when the company announces earnings again in November. But for now, steer clear of Square stock.As of this writing, Thomas Niel did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Recession-Resistant Services Stocks to Buy * 7 Hot Penny Stocks to Consider Now * 7 Tech Stocks You Should Avoid Now The post Stay on the Sidelines as Square Stock Continues to Fall appeared first on InvestorPlace.
- Zacks
Facebook Faces EU Scrutiny, France & Germany to Block Libra
Facebook's (FB) Libra cryptocurrency is facing enhanced scrutiny from central bankers and government regulators, worldwide.
- TipRanks
3 Fintech Stocks With Strong Long-Term Growth Prospects
According to a 2018 World Payments Report, global non-cash transactions totaled $482.6 billion as of 2016. These transactions are expected to grow at a compound annual growth rate of 12.7% from 2016 to 2021, with this figure expected to be even higher in emerging markets. The rapid shift towards cashless payments has not gone unnoticed by fintech companies looking to capitalize on opportunities within this expanding space. A fintech company is any company using technology or innovative techniques to perform traditional financial services. Bearing this in mind, we wanted to take a closer look at a few stocks in this space to see which appear most poised to outperform. We used TipRanks’ Stock Screener to narrow in on the most compelling investments by filtering our search based on sector, market cap and analyst consensus. Let’s take a closer look at the results. Square Inc. While investors have expressed concerns over Square’s (SQ\- Get Report) increasing number of competitors, some analysts argue its payments ecosystem, in which funds get cycled through and repeatedly generate transaction fees, will drive substantial long-term growth. Square’s business is comprised of its traditional payments segment as well as its subscription and services segment, which includes its Cash App that lets users send money directly to one another. Despite the fact that shares have declined 7% over the last month, SQ remains fundamentally strong based on its core payments growth. According to its August 1 Q2 earnings release, gross payment volume (GPV) jumped 25% year-over-year. While this figure represents a slight deceleration as SQ has gained market share and grown off a smaller base, the company stands to maintain its GPV growth levels based on further expansion of the eCommerce market (according to U.S. consensus data), increased digital payments and its competitive pricing for small and medium sized businesses (SMB). SQ’s subscription and services segment has also witnessed an 87% year-over-year gain thanks to its investments in expanding its two-sided payments ecosystem and new products. These products include its Instant Deposit, Cash Card, Capital, Payroll and omnichannel services from Weebly and Zesty. Adding to the good news, SQ announced during the earnings release that it was selling its food delivery business, Caviar, to DoorDash for $410 million. This sale should help boost the company’s cash flow. Needham analyst Mayank Tandon tells investors that as the ecosystem expands and the business scales, EBITDA margins can reach mid-30s long-term, consistent with the mature payments processors. He adds, “SQ trades at about 8x our EV/FY20 revenue estimate. While the multiple is higher than traditional payments companies, we believe it is reasonable when comparing it to the 9.5x median valuation of other open-ended payments/software growth stories.” As a result, the five-star analyst reiterated his Buy rating and $90 price target on September 12. He believes shares could surge a massive 54% in the next twelve months. Wall Street is divided when it comes to Square. With 10 Buy ratings, 8 Holds and 3 Sells assigned in the last three months, the fintech is a ‘Moderate Buy’. Its $79 average price target implies 35% upside potential, the highest out of the three stocks on our list. Paypal Holdings Inc.While PayPal (PYPL\- Get Report) shares have dipped 8% in the last three months, some analysts say to buy the pullback based on its strong long-term growth narrative. The pullback comes in part as a response to PYPL’s performance in its latest quarter. While the company was able to post an earnings beat on July 24, it missed the consensus estimate for revenue. Investors were also not pleased with its full year 2019 guidance. As a result of its sale of U.S. consumer credit receivables portfolio to Synchrony, revenue growth is expected to slow by 3.5 percentage points. That being said, it’s important to note that total payment volume (TPV) increased 26% year-over-year on an FX-neutral basis thanks to its digital money transfer app Venmo and person-to-person (P2P) volume.PayPal also managed to pull off a win with respect to new customers. It added 9 million new active accounts in the quarter, up 17% year-over-year. Part of this is due to its One Touch product, which is designed to make checkout faster and more convenient. The service eliminates the need to log into an account or fill out billing details, with customers able to make purchases with a single touch.Based on all of the above factors, Canaccord Genuity’s Joseph Vafi believes that the dip presents investors with an attractive entry point. “Short term, we believe the guide-down post Q2 has de-risked the story into next year. Delays in large deal integration may actually become tailwinds for growth next year. Net net, with the pullback in the stock post last quarter’s results, we see positive risk/reward in PYPL shares currently,” he explained. As a result, the 4.5-star analyst upgraded the rating from a Hold to a Buy and raised the price target from $110 to $118 on September 12. All in all, Wall Street takes a bullish stance on PYPL. It has a ‘Strong Buy’ analyst consensus and a $130 average price target, suggesting 22% upside potential. JPMorgan Chase & CompanyWhen most investors think of fintech stocks, J.P. Morgan (JPM\- Get Report) isn’t usually the first name that comes to mind as it’s often regarded as more of a traditional banking company. That being said, J.P. Morgan is making waves in the fintech space thanks to its new same-day deposits.On September 10, the company announced that it would be launching free same-day deposits for its WePay platform users that have bank accounts with the company. The service can already be utilized by certain customers and will be available on all of its platforms by the end of the year. Investors were thrilled by the news, with shares climbing 3% higher in the last three days. This is on top of the 23% it has already gained year-to-date. The excitement is due to the fact that its fintech competitors can take up to two business days to process payments and charge an extra fee for faster service.This service is part of a larger effort to make a name for itself as a fintech company. The company announced in October of last year that it was building a “fintech campus” to house over 1,000 employees in Palo Alto, California. JPM also released a digital brokerage service, You Invest, in August 2018 that includes free trades, a portfolio building tool and access to equity research.While some have expressed concerns regarding management’s September 10 announcement that it cut its full year 2019 guidance for net interest income, one top analyst believes JPM is making up for it with its focus on fintech.The company’s foray into the world of fintech lends itself to Wells Fargo analyst Mike Mayo’s conclusion that now is the time to buy JPM. As a result, the four-star analyst reiterated his Buy rating while lowering the price target from $130 to $125 on August 16. Despite the price target cut, he still believes share prices could rise 4% in the next twelve months. 6 Buy ratings and 3 Holds received in the last three months add up to a ‘Moderate Buy’ analyst consensus. Its $122 average price target indicates 2% upside potential. Discover the Street’s best-rated stocks with the Top Analysts’ Stocks tool
- Bloomberg
Jack Dorsey's Square Is Testing a New Free Stock-Trading Service
(Bloomberg) -- Jack Dorsey’s Square Inc. already lets customers buy and sell Bitcoin on its popular Cash App. Soon, it may let them buy and sell stocks. Square is testing out a new Cash App feature that would enable users to make free stock trades, according to a video outlining the product’s features seen by Bloomberg. While the exact date of its launch is yet to be determined, employees began testing the new feature in recent weeks, according to a person familiar with the company who asked not to be identified discussing private matters.A spokesman for Square declined to comment.The free stock trading feature would position Square as a direct competitor to fintech startup Robinhood Markets Inc., which has gained millions of customers by offering no-fee trading, and most recently garnered a valuation of $7.6 billion. Robinhood has since expanded into other offerings such as options trading and margin trading, which would not be offered in Square’s initial product, the person said. Eventually, Square’s new service and others like it could pose a challenge to more established online brokers, like E*Trade Financial Corp.“We are seeing the cadence of free trading increase and I do think that’s something the broader industry can’t dismiss,” said Devin Ryan, an analyst with JMP Securities. “As a result, the pricing in those areas will continue to move lower.”Cash App and other peer to peer payment platforms are known for having a young customer base, similar to Robinhood. If Robinhood is any indication of the interest in free trading, Square could quickly gain a lot of traction. Prior to Robinhood's launch, it had a waitlist of 1 million people. Near the end of 2018, it said it had more than 6 million users, though it's unclear how many of them are active on the platform.Square’s Cash App started out by letting users send money to friends, and has since expanded into debit cards and Bitcoin trading. While Square doesn't consistently give updates on how many people are using Cash App, the company said it had more than 15 million monthly active users as of last December. Though there isn’t an immediate path to profitability for most free financial products, the race to add more users to platforms like Cash App has been fierce, with other businesses like PayPal Holdings Inc.’s Venmo also seeing big growth.Right now, fintech companies offering such products largely make money on the interchange fees when customers use their debit cards or on fees they charge for transferring funds to banks instantly. In its most recent letter to shareholders, Square said that revenue from Cash App was $135 million for the quarter, excluding Bitcoin. In a note published earlier this month, KeyBanc analyst Josh Beck said revenue from Cash App could reach $2 billion over the next three years. (Updates with analyst quote in fifth paragraph.)To contact the author of this story: Julie Verhage in New York at jverhage2@bloomberg.netTo contact the editor responsible for this story: Anne VanderMey at avandermey@bloomberg.net, Mark MilianTom GilesFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Zacks
Western Union to Expand in Canada With Paramount Commerce
Western Union (WU) ties up with Paramount Commerce to enable online account-funded money transfers.
- Reuters
Max Levchin's Affirm seeks capital in funding round led by Thrive - TechCrunch
PayPal Holdings Inc co-founder Max Levchin's Affirm is said to be raising as much as $1.5 billion in a combination of debt and equity, TechCrunch reported on Thursday, citing sources familiar with the matter. Josh Kushner's New York venture capital firm Thrive Capital is said to be leading the financing, with participation from San Francisco-based Spark Capital, the report said. Josh Kushner is the brother of Jared Kushner, who is a senior White House adviser and U.S. President Donald Trump's son-in-law.
- Barrons.com
PayPal Is a ‘Payments Juggernaut,’ While Square Has Competition Risks, Analyst Says
Canacord Genuity analyst Josef Vafi is bullish on PayPal and neutral on Square but thinks both digital payments companies have solid fundamentals.
- Benzinga
Canaccord Genuity Upgrades PayPal, Downgrades Square
Canaccord Genuity analyst Joseph Vafi downgraded Square Inc (NYSE: SQ) from Buy to Hold and lowered his price target from $88 to $64. At the same time, he said the recent consolidation wave in payments has created unprecedented competition, and Square will need to demonstrate more consistent payment volume growth and more momentum in the Cash App to warrant a more premium market valuation.
- Zacks
Mastercard Ties Up With R3 to Ease Cross-Border Payments
Mastercard (MA) partners R3 to launch a blockchain-enabled cross-border payments solution that will facilitate better services to customers.
- InvestorPlace
3 Big Stock Charts for Thursday: Regions Financial, PayPal and Conagra Brands
The bulls were decidedly back in charge on Wednesday, pushing the S&P 500 up to the tune of 0.72%. The advance goes against the odds, but hopes for progress on the trade war front are giving rise to investing optimism.Source: Shutterstock Blue chips like AT&T (NYSE:T) and General Electric (NYSE:GE) led the charge. The telco rallied 3%, with investors increasingly loving the prospect that new activist shareholder Elliott Management will be able to impose change for the better. GE shares, meanwhile, advanced 2.4% in response to news that it would be raising $3 billion by selling its Baker Hughes (NYSE:BHGE) division and using the proceeds to pay down debt.Holding the market back more than most names was Square (NYSE:SQ), down 2.8%, renewing a selloff that got rolling early last month. The close of $59.20 was the lowest close since January.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Battered Tech Stocks to Buy Now As for names worth a closer inspection on Thursday though, take a look at the stock charts of Regions Financial (NYSE:RF), Conagra Brands (NYSE:CAG) and Paypal Holdings (NASDAQ:PYPL). They're each moving into a curious technical situation. Paypal Holdings (PYPL)July was a tough month for most stocks, and PayPal Holdings was no exception to that weakness. The stock seemingly started to bounce back in August though, hinting at a renewal of an incredible rally effort that took shape early on in the year.That rebound effort was wholeheartedly up-ended last week though, right where one would have expected a pushback to take shape. Now PYPL stock is hanging by a thread, pressuring its last support level anywhere nearby on the horizon. * Click to EnlargeThe support line in question is the 200-day moving average line, plotted in white on both stock charts. However, it's become clear there's something about the $102.23 level as well, marked in yellow. * The prod for the renewed weakness was a bump into the purple 50-day and ray 100-day moving average line, the former of which has since fallen below the latter (highlighted). * If the current technical floors fail to keep PayPal shares propped up, the next most likely line in the sand is the line that connects the key lows from 2018, marked as a dashed blue line on the weekly chart. Conagra Brands (CAG)The final quarter of last year was a tough one for most stocks, but it was downright miserable for Conagra Brands and its shareholders. Shares of the food company fell by roughly half their value in just a matter of weeks.That steep selloff may have ultimately served as a capitulation though, at a time when the company (along with the food industry as a whole) found its bearings again. The action since then suggests that at the very least stability is in the cards, and one more good day could put a full-blown rally into motion. * 7 Strong-Buy Stocks Hedge Funds Are Buying Now * Click to EnlargeThe compelling clue here is the converging wedge pattern that's taken shape since early this year, framed by red and blue dashed lines on both stock charts. CAG stock is now above that upper boundary. * Another apparent resistance line has formed in the meantime, however. Horizontal resistance around $30.15 appears to be in play, plotted in yellow on both stock charts. * Although not overwhelmingly so, the volume behind the past four days of bullishness has been better than the recent average. It's a sign there may be buyers waiting in the wings, ready to pile in. Regions Financial (RF)Finally, in step with most other bank stocks, Regions Financial shares have soared over the course of the past three weeks. A rebound in interest rates prodded the bulk of the bounceback.This sort of thrust is enticing, suggesting a huge bullish motion is underway. And, maybe that's how this one will pan out. It's worth noting, however, that we've seen this sort of effort peter out before, right as it bumped into a technical ceiling that has been encountered just within the past few weeks. * Click to EnlargeThe technical line in question is the connector of all the key highs since April, marked as a white dashed line on both stock charts. * Although overheated and too aggressive, the fact that the purple 50-day moving average line is close to crossing back above the white 200-day moving average line is meaningful. That's a strong buy sign. * Underscoring the move that has taken shape so far is very solid volume behind the buying, though the sheer pace of the move still leaves Regions Financial vulnerable to profit-taking.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about him at his website jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Battered Tech Stocks to Buy Now * 7 Strong-Buy Stocks Hedge Funds Are Buying Now * The 7 Best Penny Stocks to Buy The post 3 Big Stock Charts for Thursday: Regions Financial, PayPal and Conagra Brands appeared first on InvestorPlace.
- Barrons.com
PayPal Has Nothing to Fear From JPMorgan’s New WePay Offering, Analyst Says
PayPal should be able to defend its business after JPMorgan offered free same-day WePay deposits to its clients, Evercore’s David Togut argues.
- TheStreet.com
How to Catch a Bid With PayPal
PayPal Holdings has taken a serious punch to the face over the last few days. The decline started well before that with some bad earnings, and now JPMorgan Chase coming out with a new payment system didn't help.
- InvestorPlace
Ride Square Stock to the Top as the World Goes Cashless
If you just look at charts and don't pay any attention to monetary trends in the world, you might think that Square (NYSE:SQ) is going nowhere fast and that Square stock is destined to stay below $70 forever.Source: Jonathan Weiss / Shutterstock.com This is a textbook example of why I encourage investors to look beyond the charts and educate themselves about the macro environment.As I see it, the Square stock price will be driven not by technical indicators on the chart but by a bigger cultural movement away from cash and towards more convenient and easily accessible forms of payment. Square is a company at the forefront of this movement, and soon enough, SQ stock will reflect the true value of this forward-thinking point-of-sale solutions provider.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Say Good-Bye to Cash and Hello to SQ StockThe trend is unmistakable: consumers want convenience, not cash, in their payment modalities. As proof of this, consider the fact that for transactions totaling less than $20, consumers back in 2015 paid with cash 46% of the time. That's already less than half, but check this out: so far in 2019, that figure has fallen to 37%, marking a precipitous drop in cash-based spending. * 10 Stocks to Sell in Market-Cursed September This is a global phenomenon, with 47% of China's consumers using mobile wallets as their primary means of making payments. While PayPal (NASDAQ:PYPL) and Amazon (NASDAQ:AMZN) remain strong contenders in the global point-of-sale payments space, Square's user base is growing at a record clip: 15 million active accounts by the end of last year, more than double the 7 million at the end of 2017.What differentiates Square from the other competitors is the simplicity of the company's app, along with ease with which users can receive paychecks through Square Cash. Plus, shoppers enjoy the app's wide range of instant discounts, some of which are exclusive to Square Cash.I also like the move that Square made recently to unload its food delivery service, known as Caviar. This is a highly competitive market, and let's face it: food delivery isn't Square's forte. Therefore, when Square announced that it was selling off Caviar to Doordash for $410 million after having paid just $44.3 million for it five years ago, I found this to be a savvy move and a sign that Square is prepared to focus on its payments app. Analysts Are Taking a Shine to Square StockI try not to put too much stock (no pun intended) into analysts' expectations, but I just can't ignore the love that SQ stock has been getting lately. As an example, one analyst who foresees plenty of upside for SQ stock is KeyBanc's Josh Beck.Beck not only reaffirmed an overweight rating for the shares but even gave it a price target of $100 - pretty ambitious considering the all-time high for Square stock is $101.15."We outline a potential scenario where adj. revenue could come in at $562.5M, which could be driven by a subscription/services number closer to ~$250M," he said.Somewhat less ambitious but still optimistic are Andrew Jeffrey of SunTrust Robinson Humphrey, who gave SQ stock an upgrade from hold to buy along with a price objective of $80; as well as Argus Research analyst Stephen Biggar, who also granted Square stock a buy rating but furthermore assigned a very bullish price objective of $94 for SQ shares. The Takeaway on Square StockI'm not overly concerned about the day-to-day movements of the Square stock price, as I view SQ as a long-term investment in a world that's abandoning cash and moving towards payment methods that are simple and convenient - and Square is proving itself as a strong, focused, and fast-growing competitor in the point-of-sale payments domain.As of this writing, David Moadel did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Sell in Market-Cursed September * 7 of the Worst IPO Stocks in 2019 * 7 Best Stocks That Crushed It This Earnings Season The post Ride Square Stock to the Top as the World Goes Cashless appeared first on InvestorPlace.
- Zacks
Fintech Stocks To Add To Your Portfolio Of The Future
It is time to put some money into the future of our economy.
- Benzinga
JPMorgan Challenges Stripe, Square With Free Same-Day WePay Deposits
JPMorgan Chase & Co. (NYSE: JPM ) is stepping up its digital payments game by offering free same-day deposits for its WePay customers. On Tuesday , WePay CEO Bill Clerico said by the end of 2019, all WePay ...
- InvestorPlace
Facebook Dating Yet Another Positive Catalyst for FB Stock
Facebook (NASDAQ:FB) hit a home run when the company announced its dating feature in the U.S. markets. Match Group (NASDAQ:MTCH) will no longer enjoy the absence of competition in the online dating market. Facebook has a huge user base and now has the chance to leverage Instagram alongside Facebook and the Facebook Dating app.Facebook will help its billions of users find a match based on common interests in events, groups, and hobbies. It will even integrate Instagram so that users may include such posts on their Facebook dating profile. The "Secret Crush" lists allow users to add both their Instagram followers and their friends. By the end of the year, users may add Instagram Stories. Dating Faces Safety ConcernsAfter the data leak, users might express skepticism over Facebook Dating safety. But users must opt in to this new feature. The Dating profile is also separate from a user's main profile. The fundamental difference between Facebook and this Dating feature is that users may choose to get matches with friends, friends of friends, and people not in the friend circle.InvestorPlace - Stock Market News, Stock Advice & Trading TipsInvestors recognized the threat Facebook has on the online dating market. Last week, Match stock fell ~5% to $81.47. The chart watchers saw a "double top" at around $90 on the charts. Government Scrutiny IntensifiesOn Sept. 6, New York State Attorney General Letitia James said she would lead an investigation against Facebook for antitrust issues. "Even the largest social media platform in the world must follow the law and respect consumers," she said. "I am proud to be leading a bipartisan coalition of attorneys general in investigating whether Facebook has stifled competition and put users at risk." * 7 Deeply Discounted Energy Stocks to Buy The bad news for investors is that Facebook may have to settle without admitting guilt. The government gets paid but the end-users ultimately pay for the damages.Recall that on July 24 Facebook agreed to a settlement with the Federal Trade Commission. It will pay a record $5 billion fine over its privacy policies. This amount represents 9% of its 2018 revenue. Still, the company generated revenue of $16.9 billion in the second quarter alone. Much of its revenue is from advertising. So long as add spend from U.S. and Canada grows, Facebook can afford to settle with the government. EU Investigates FacebookMeanwhile, EU antitrust regulators are scrutinizing Facebook's planned Libra currency launch. The EU is worried that the cryptocurrency may shut out rivals and restrict competition through the use of information and consumer data. Sadly, Facebook did not even launch the currency, so the investigation may prove premature. Besides, there are many other well-established payment systems. Visa (NYSE:V), MasterCard (NYSE:MA), and PayPal (NASDAQ:PYPL) all offer some form of electronic payment options.The EU's pre-emptive strike against Facebook is unwise. It may deter the social networking giant from entering the market. This would pave the way for a China-based firm to come in instead. Conversely, the U.S. banks and credit card companies may get a head start if the EU delays' Facebook's entry in the cryptocurrency market. * 7 Stocks to Buy In a Flat Market Valuation Here and NowInvestors who forecast a ~20% CAGR in a 5-year DCF growth exit model will arrive at a fair value of $196-$273 for Facebook stock. At a 9.5% discount rate, the implied fair value is $228. Its intrinsic value based on future cash flow is even more bullish. Per Simplywall.St, FB stock is more than 20% discounted from its future cash flow and has plenty of upside for shareholders ahead.On Wall Street, Facebook stock has a $234 target average among 36 analysts tracked by TipRanks.Facebook continues to attract healthy advertising spending. It faces no immediate competition from other social networking sites, either. Investors will do well holding or accumulating FB stock at current levels.Disclosure: As of this writing, the author did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 3 Artificial Intelligence Stocks to Buy * 7 Industrial Stocks to Buy for a Strong U.S. Economy * 3 Beaten-Down Bank Stocks to Buy and Hold for the Long Term The post Facebook Dating Yet Another Positive Catalyst for FB Stock appeared first on InvestorPlace.
- GuruFocus.com
Paypal Holdings Inc (PYPL) President and CEO Daniel H Schulman Sold $3.3 million of Shares
President and CEO of Paypal Holdings Inc (30-Year Financial, Insider Trades) Daniel H Schulman (insider trades) sold 30,000 shares of PYPL on 09/05/2019 at an average price of $110.87 a share. Continue reading...
- GuruFocus.com
Daniel Loeb's Top 5 Holdings as of the 2nd Quarter
Activist guru’s top holdings include Baxter and United Technologies Continue reading...
- Motley Fool
Why PayPal Holdings, Okta, and PaySign Slumped Today
Despite relatively calm markets, these stocks dropped.
