|Bid||98.39 x 800|
|Ask||98.34 x 1000|
|Day's Range||94.90 - 99.08|
|52 Week Range||82.07 - 124.45|
|Beta (5Y Monthly)||0.92|
|PE Ratio (TTM)||47.79|
|Earnings Date||Apr 21, 2020 - Apr 26, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||129.30|
Soft consumer sentiment index, prompted by curtailment in spending capacity, is sure to dampen the prospects of payment stocks going forward.
PayPal Holdings, Inc. (NASDAQ: PYPL) today announced a set of relief measures to help its more than 24 million merchants around the world impacted by the coronavirus (COVID-19). The company is waiving certain fees and will be deferring repayments on business loans for some of its most affected small business customers.
(Bloomberg) -- A fellow co-founder of PayPal Holdings Inc. said Elon Musk and others probably regret comments they made dismissing the seriousness of the novel coronavirus, adding that he’s hopeful the billionaire will now help in the relief effort.“Everyone who has made fun of this thing as a tougher flu or a silly problem that is going to go away with the first ray of sunshine is probably slightly embarrassed by those comments,” Max Levchin, who at 23 co-founded a company that would eventually become PayPal, said Monday on Bloomberg Television. “That excludes no one.”Musk, who now runs Tesla Inc. and SpaceX, initially downplayed the virality of the coronavirus and fatality rates related to Covid-19. He called panic over the illness “dumb” and predicted that overreaction would do more harm than the disease itself before starting to help by donating masks to hospital workers and buying ventilators.Musk has told his Twitter followers that Tesla can be most helpful by purchasing ventilators and helping deliver them more efficiently. While he tweeted that he had an engineering discussion with ventilator maker Medtronic Plc on March 21, it’s unclear whether Tesla or Space Exploration Technologies Corp. will play a role in manufacturing the desperately needed medical devices.“You do have this spirit of Silicon Valley, that when given direction or given a good idea, we know how to mobilize and inspire and go through walls and build something,” Levchin, who’s now chief executive officer of fintech company Affirm Inc., said on Bloomberg TV. “And so in that sense, I think if Elon is committing to build ventilators, by god he’s going to build a lot of ventilators, and they’re probably going to be quite good.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Karen Mills, the former administrator of the Small Business Administration, welcomed the stimulus, but expressed concern on whether the money could arrive fast enough to make a difference.
The Invesco QQQ Trust (NASDAQ:QQQ) ETF looks like a mixed bag at this point. Some of its top holdings should perform very well in the coming weeks and months, while others are likely to struggle. Therefore, I believe that investors should avoid the QQQ ETF at this point.Source: Shutterstock To be sure, the ETF has some very good components. Two of the exchange-traded fund's top holdings --Microsoft (NASDAQ:MSFT) which accounts for 10.7% of its assets and Amazon (NASDAQ:AMZN) which is 8.14% of its assets -- should perform pretty well going forward. The companies are the leaders of the cloud transition.The fund tracks the Nasdaq-100 index, which includes 100 of the largest domestic and international non-financial companies listed on the Nasdaq exchange, based on market cap.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAs I've noted previously, multiple analysts have said that firms are unlikely to stop transitioning to the cloud. That's because the change is core to their IT strategies and it's expected to occur over a period of many years, making it unlikely to be derailed by the relatively short-term outbreak of the coronavirus from China. And of course, Amazon's results will be boosted tremendously by the ongoing e-commerce surge that's occurring amid the coronavirus.Also likely to get a boost from the pandemic are Netflix (NASDAQ:NFLX), which accounts for nearly 2% of the ETF's assets, and PayPal (NASDAQ:PYPL), with a weighting of about 1.5%. Netflix should benefit from increased subscriptions as quarantined people around the world look for more TV options, while PayPal should be helped by the increased utilization of e-commerce. Yet… * 7 Stocks Insiders Are Buying Big Amid the Market Panic QQQ ETF Has Some Real DudsWith its very expensive products and its high leverage to Chinese consumers who are angry at Americans, Apple (NASDAQ:AAPL) is not a good stock to own now. It accounts for 11.6% of the ETF's assets. Comcast (NASDAQ:CMCSA) and Charter (NASDAQ:CHTR) -- huge cable companies that make up 2.1% and 1.2% of the ETF's assets, respectively -- are being disrupted by cord cutting. As I've written in the past, cable companies' one remaining strong business -- providing internet broadband -- could be totally decimated by Elon Musk's SpaceX which is looking to provide fast internet with satellites. Finally, Facebook (NASDAQ:FB), 4.25% of the ETF's holdings, has massive regulatory problems and has been badly hurt by a change that Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) made to Chrome's privacy standards. Further, Facebook's ad business will be negatively affected by the recession. Two Much-Better ETFs to BuyThe Global X E-commerce ETF (NASDAQ:EBIZ) "focuses on companies positioned to benefit from the increased adoption of e-commerce as a distribution model," according to the fund's sponsor. Among the portfolio's largest components are e-commerce website Etsy (NASDAQ:ETSY), Canada's Shopify (NASDAQ:SHOP) which enables small businesses to easily launch e-commerce websites and up-and-coming Chinese e-commerce company JD.com (NASDAQ:JD). Not surprisingly, the ETF has outperformed tremendously during the coronavirus crisis; it's little changed since March 12. As hundreds of millions of people globally continue to stay at home much more than before the outbreak, the ETF's outperformance is likely to continue in the coming days and weeks. * 7 Stocks to Buy Once the Market Bottoms Another good fund to buy at this point is the Kraneshares CSI China Internet (NYSEArca:KWEB). China is reporting that it has almost no new cases of coronavirus brought about by contagion within the country, i.e., community spread. Meanwhile, signs continue to mount that the country's economy is rebounding. Among the ETF's largest holdings are several companies likely to benefit from increased e-commerce, including giants Alibaba (NYSE:BABA) and Tencent (OTC:TCEHY), along with JD.com. iQIYI (NASDAQ:IQ), the company that has been called "the Netflix of China," and video game maker NetEase (NASDAQ:NTES), two other companies that should benefit from the stay-at-home trend, are also among the fund's largest holdings.The Global X E-Commerce ETF and Kraneshares CSI China Internet have much more exposure to strong, positive trends than the QQQ ETF. Larry Ramer has conducted research and written articles on U.S. stocks for 13 years. He has been employed by The Fly and Israel's largest business newspaper, Globes. Larry began writing columns for InvestorPlace in 2015. Among his highly successful, contrarian picks have been GE, solar stocks, and Snap. You can reach him on StockTwits at @larryramer. As of this writing, Larry Ramer did not own shares of any of the aforementioned companies. More From InvestorPlace * America's Richest ZIP Code Holds Wealth Gap Secret * 10 Stocks to Buy That Will Benefit From Coronavirus Mayhem * 5 Bank Stocks to Buy Now Because This Isn't 2008 Again * 12 Stocks to Buy That Are Already Positive The post There are Better Choices Out There Than the QQQ ETF appeared first on InvestorPlace.
Here's a look at the impact of COVID-19 on alternative ways to go public, along with job cuts and startup initiatives connected to the pandemic and other Bay Area venture news at midweek.
Intuit outlined four steps it is taking to help small businesses and other customers who are dealing with economic disruption from the coronavirus outbreak.
(Bloomberg) -- Financial-technology firms including PayPal Holdings Inc. are lining up to help speed lending to small businesses during the coronavirus crisis -- and are pushing for a slice of emergency U.S. government funding.Industry group Financial Innovation Now urged Congress in a letter to provide capital to online lenders including PayPal and Square Inc., and to permit the firms to disperse Small Businesses Administration loans. The group’s members also include Inuit Inc. and Stripe Inc.“Any federal small-business loan program must leverage digital advances in the marketplace to ensure that stimulus can reach those business most in need,” Financial Innovation Now said in its letter. “Millions of truly small businesses, those most likely to fail in the coming weeks, will not be well-served by loan guarantees made available exclusively through financial institutions.”Last week, President Donald Trump said the SBA would provide low-interest loans in affected states and asked Congress to boost funding for the program by $50 billion. Small businesses are losing 80% to 100% of their revenue amid the pandemic, according to another fintech trade group, Innovative Lending Platform Association.“If they all go out of business, we can’t serve them in the future,” Scott Stewart, chief executive officer of ILPA, said in an interview. “We don’t care about making any money on this, but we want to keep them alive so that when this is all wrapped up we can be lending to them in the long term.”Many small businesses have only 10 days of cash on hand or less, according to Sam Taussig, head of global policy at Kabbage Inc., an online lender. While SBA loans can take as long as 90 days, fintech firms are touting their ability to process loans in days or weeks.A Square spokeswoman declined to comment. PayPal didn’t immediately respond to a request for comment.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Square's Cash App is free to download and its core function is free to use. So how does this app, which has been downloaded more often than Venmo, make money?
PayPal Holdings Inc. shares are up 4.4% in Thursday trading after Macquarie analyst Dan Dolev began coverage of the payments provider with a "high-conviction" outperform rating and $112 target price. He wrote that his recent survey of consumers found that PayPal's usage trends are improving more so than trends for mobile wallets like those made by Apple Inc. and Alphabet Inc.'s . While younger millennials showed the least improvement in terms of PayPal engagement in his survey, Dolev is upbeat that Venmo and the recent acquisition of rewards-platform Honey will help PayPal's standing with this demographic. "When the virus dust settles, long-term growth potential will be back in fashion," he wrote. The stock is off 24% over the past month as the S&P 500 has lost 28%.
Top digital payments stock PayPal is one of the leading growth stocks in the current stock market. But is it a buy right now?
FEATURE It’s difficult to stand out in any industry. Lisa Ellis has a proven track record of doing just that throughout her career. Ellis, 44, joined MoffettNathanson in 2018 to cover the payments and services sectors.
If you think the time is right to buy fintech company or payment stocks, these investment tools will help as digital technology and new entrants change the industry's competitive landscape.
Dow Jones stock Visa has come under pressure in the coronavirus correction. Here's what fundamentals and technicals say about Visa stock.
Digital payments surge as quarantined shoppers need to buy necessities and maintain distance. Yahoo Finance’s On The Move panel discuss the details.
Principal Financial Chief Investment Officer Todd Jablonski joins Yahoo Finance’s On The Move panel to discuss why he says "this situation is a bit different" than the 2008 recession.