Market Wrap - Stock Pick — Paypal
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Caroline Cremen from Adviceworx chose Paypal as her stock pick of the day.
"My stock pick is a payments company called Paypal and Paypal processes about four billion transactions every three months. It took a dive over the last few days because its third quarter came out and really disappointed the market. I don't really see why because margins are still strong, volumes are still growing and you have about a 25% revenue growth year on year, cash-flush unlike a lot of other tech companies and its mobile payment wallet Venmo is also shortly going to start monetizing itself, so why while it's weak, pick it up."
"My stock pick is a payments company called Paypal and Paypal processes about four billion transactions every three months. It took a dive over the last few days because its third quarter came out and really disappointed the market. I don't really see why because margins are still strong, volumes are still growing and you have about a 25% revenue growth year on year, cash-flush unlike a lot of other tech companies and its mobile payment wallet Venmo is also shortly going to start monetizing itself, so why while it's weak, pick it up."
