PayPal: Slight Recovery!In recent days, PYPL shares showed a significant recovery, raising the central question of whether the price will indeed dive into deeper territories once more, as assumed in our primary scenario. In this case, we expect the stock to fall below the support at $50.18. There, the stock should form the final low of the overarching beige wave II, thus laying the foundation for a sustainable trend reversal. Alternatively, the overarching low may have already been settled at the beginning of the month. In this 45% likely scenario, the recovery would imminently gain momentum, allowing PYPL to sustainably rise above the resistance levels at $78.86 and $94.97.
Paypalstock
PayPal | PYPL | Long at $64.00From a technical analysis perspective, PayPal NASDAQ:PYPL is in the early stages of a potential downward trend reversal/stabilization based on my selected simple moving averages. With a current P/E of 15x, recent earnings beat, low debt, and earnings growth potential/estimates, PayPal is in a personal buy zone at $64.00.
Target #1 = $72.00
Target #2 = $85.00
Target #3 = $93.00
Target #4 = $117.00
PayPal Analysis: A Strong Surge Fueled by Market InnovationsPayPal (NASDAQ: NASDAQ:PYPL ) continues to make significant strides, as demonstrated by its recent partnership with Amazon, which is propelling the stock's impressive rally. In its latest update, Amazon announced the integration of PayPal into its *Buy with Prime* feature, allowing shoppers to pay using PayPal while leveraging Amazon’s Prime benefits. This partnership is a huge win for PayPal, as it will likely lead to broader usage across e-commerce platforms, giving more consumers and businesses access to its services.
Overview
The *Buy with Prime* feature allows Prime subscribers to make purchases on non-Amazon websites, offering free delivery and returns—enhancing the overall e-commerce experience for both merchants and buyers. Now, with PayPal in the mix, the payment experience becomes even more seamless. By 2025, Prime members will be able to link their Amazon accounts to PayPal, effectively bridging two e-commerce giants to create an easier, faster checkout experience.
PayPal’s new positioning as a strategic payment gateway on such a massive platform as Amazon could open doors to a larger customer base. The partnership builds on Amazon’s success with *Buy with Prime*, which has seen a 45% year-over-year increase in orders through merchant websites and a 16% increase in revenue per shopper since its expansion.
This also follows PayPal’s rollout of its own stablecoin, PYUSD, which is pegged to the U.S. dollar and brings it deeper into the realm of digital currency solutions. With the additional integration of the Ethereum Name Service (ENS) to their crypto services, PayPal (NASDAQ: NASDAQ:PYPL ) is diversifying its offerings across both traditional and digital finance, positioning itself as a leader in the evolving fintech landscape.
Technical Analysis
At the time of writing, PayPal (NASDAQ: NASDAQ:PYPL ) stock is up 6.24% during Thursday’s market trading session, reflecting strong investor sentiment following this string of developments. Technically, the stock is currently overbought, with the RSI (Relative Strength Index) standing at 73.88, signaling that the stock may be due for a short-term pullback or consolidation phase. However, this overbought level should not immediately deter investors, as the upward momentum suggests a continuation of bullish trends.
PayPal (NASDAQ: NASDAQ:PYPL ) has consistently performed well this year, with several key developments driving its upward trajectory. The RSI level could hint at potential price corrections or cooling periods, but it also signifies strong demand in the market. The stock has been trending upwards steadily since mid-summer and shows no signs of slowing down, especially with the positive news surrounding Amazon’s integration and the company's own innovations in digital payments.
It’s worth noting that gaps in the stock's price chart created earlier in the year might signal a possible retracement to fill those gaps. Nevertheless, the overall trend remains bullish, and PayPal’s stock could consolidate before pushing higher. The robust fundamentals supporting PayPal’s growth, including strategic partnerships and innovations in the fintech sector, could provide a solid foundation for sustained long-term growth.
Conclusion
PayPal’s integration into Amazon's *Buy with Prime* program, combined with its recent innovations like PYUSD and ENS integration, sets the stage for sustained growth in the fintech and e-commerce sectors. While technically the stock appears overbought and could be due for a brief pullback, its long-term prospects remain strong due to these strategic partnerships and advancements. Investors should keep an eye on any potential consolidation phases, which could present attractive entry points for those looking to capitalize on PayPal’s continued success in both the traditional and digital finance spaces.
PayPal’s Stellar Q2 Report: Revenue & Earnings Beat ExpectationsPayPal Holdings (PYPL) has reported impressive second-quarter results, with earnings and revenue surpassing analyst expectations. The digital payments giant’s robust performance has led to a positive market response, with its stock climbing over 7% following the announcement. Here’s an in-depth look at PayPal’s Q2 achievements, strategic moves, and future prospects under the leadership of new CEO Alex Chriss.
Q2 Financial Highlights
- Earnings and Revenue: Under new accounting rules, PayPal’s earnings for Q2 rose 36% to $1.19 per share on an adjusted basis. Revenue increased by 8% to $7.9 billion, exceeding the FactSet consensus of 98 cents per share on $7.82 billion in revenue. This marks a significant turnaround for the company, which had seen its stock fall by 4% in early 2024.
- Transaction Gross Profit: The transaction gross profit grew 6.5% to $3.2 billion, beating analyst estimates by 1%.
- Total Payment Volume (TPV): The total payment volume processed from merchant customers increased by 11% to $416.8 billion, just shy of the $417.5 billion analysts had projected.
Strategic Moves and Leadership Changes
New CEO Alex Chriss has been proactive in steering PayPal towards sustainable growth amidst rising competition from tech giants like Apple and Google. Despite fears of market share erosion, PayPal’s branded checkout business has outperformed, easing competition worries.
- Maintaining Market Share: Chriss highlighted that PayPal has maintained its market share in desktop/web checkouts, which constitute 40-50% of all checkouts, over the past four years despite the competitive landscape.
- Profit Forecast Upgrade: For the second time this year, PayPal has raised its forecast for full-year adjusted profit, now expecting a "low to mid-teens percentage" increase in 2024, up from the "mid-to-high single-digit" growth forecasted in April.
Key Performance Metrics
PayPal’s Q2 results have demonstrated the effectiveness of its strategic initiatives and operational efficiencies:
- Adjusted Earnings Per Share: The company’s adjusted earnings per share rose to $1.19, up from 87 cents in the same period last year.
- Revenue Growth: Revenue climbed 9% to $7.89 billion on a foreign exchange-neutral basis.
- Transaction Margin Dollars: Transaction margin dollars surged by 8% to $3.61 billion, far exceeding expectations of a nearly 1% gain.
- Operating Margins: Adjusted operating margins expanded by 231 basis points to 18.5%, driven by cost-cutting measures and restructuring efforts.
Branded Checkout and Key Business Segments
PayPal’s branded checkout, Braintree, and Venmo have all contributed to the highest transaction margin dollars growth rate since 2021. CFO Jamie Miller emphasized that the company is focusing on high-quality profitable growth, which involves prioritizing higher-margin transactions over sheer volume.
- Branded Checkout Growth: Despite investor concerns, branded checkout grew by approximately 6% in the second quarter.
- Braintree and Venmo: Both platforms have seen significant improvements in profitability and user growth. Venmo, in particular, continues to be a major growth driver.
Future Outlook
Looking ahead, PayPal is betting on the resilience of American consumer spending, especially during key shopping seasons such as back-to-school and the holidays. The company’s strategic focus on maintaining market share, enhancing profitability, and driving user growth is expected to yield positive results.
- Profitability Focus: PayPal’s plan to prioritize high-quality, profitable growth is evident from its strategic moves and financial performance in Q2.
- Market Confidence: The market’s positive response to PayPal’s Q2 earnings report underscores confidence in the company’s ability to navigate competitive pressures and drive long-term growth.
Conclusion
PayPal’s impressive Q2 performance, underpinned by strong earnings, revenue growth, and strategic leadership, has set a positive tone for the rest of 2024. With CEO Alex Chriss at the helm, the company is well-positioned to leverage its strengths, navigate market challenges, and continue delivering value to its shareholders.
As PayPal ( NASDAQ:PYPL ) continues to adapt and innovate in the dynamic digital payments landscape, its focus on high-quality growth and operational efficiency will be crucial in sustaining its competitive edge and achieving long-term success.
Former PayPal Chief Predicts Bitcoin Lightning as the FutureFormer PayPal ( NASDAQ:PYPL ) Chief David Marcus has predicted that Bitcoin Lightning Network will become the world's most widely used payment network. Marcus believes Bitcoin ( CRYPTOCAP:BTC ) is a neutral platform ideal for transactions, making it a prime candidate for integration into daily financial operations. The Lightning Network, an overlay on the Bitcoin blockchain, aims to expedite transactions and lower costs, making them more economical and appealing to both individuals and businesses.
Marcus's vision for Bitcoin Lightning suggests a significant enhancement in payment methods, ensuring broader access and integration of cryptocurrency into the global economy. Coinbase, a leading U.S. cryptocurrency exchange, has already adopted the Lightning Network, demonstrating the industry's shift towards faster and more efficient blockchain technologies. Before this integration, Bitcoin transactions on Coinbase were processed directly on the blockchain, taking anywhere from 10 minutes to two hours and incurring high fees during peak periods.
Viktor Bunin, a protocol specialist at Coinbase, believes this integration will expedite Bitcoin transactions and enhance its utility and accessibility globally. Marcus has previously been supportive of Bitcoin, suggesting it could become the preferred currency of Artificial Intelligence (AI) systems, placing BTC at the forefront of future technological advancements and highlighting its potential role in the new digital economy. The combination of Bitcoin and AI technologies could lead to innovative applications and efficiencies in transaction processes, solidifying Bitcoin's position within the tech industry.
PayPal - Is the stock dead?Hello Traders and Investors, today I will take a look at PayPal.
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Explanation of my video analysis:
With the Covid-Crash in 2020 we saw a beautiful bullish break and retest on PayPal in confluence with a retest of an ascending trendline. This retest was followed by a rally of +200% towards the upside. From there, PayPal stock declined more than 80% and it is likely that we will never ever see the previous highs again. If you decide to take a trade though, make sure to properly manage your risk.
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Keep your long term vision,
Philip (BasicTrading)
PayPal Set to Integrate PYUSD Integrate with XoomIn a significant stride towards reshaping the landscape of cross-border money transfers, PayPal's innovative approach has come to light with the integration of its stablecoin, PayPal USD ( SEED_DONKEYDAN_MARKET_CAP:PYUSD ), into its renowned cross-border money transfer service, Xoom.
The recent announcement by Xoom, PayPal's international money transfer arm, unveils a groundbreaking feature allowing American users to leverage PYUSD to fund payments across approximately 160 countries. This strategic move not only underscores PayPal's commitment to fostering mainstream adoption of cryptocurrencies but also addresses the growing demand for cost-effective and efficient cross-border payment solutions.
The introduction of PYUSD as a funding option marks a pivotal moment in the evolution of digital currencies, bridging the gap between traditional finance and the burgeoning crypto ecosystem. With PYUSD, users gain access to a stablecoin tethered to the value of the US dollar, ensuring stability and bolstering user confidence in digital transactions.
One of the key highlights of this integration is the elimination of transaction fees for transfers funded using PYUSD. This translates to tangible savings for consumers, especially in contrast to the global average cost of sending $200, which stands at over 6%, according to the World Bank's Q3 2023 report. By bypassing transaction fees, PayPal empowers users to make cross-border payments without incurring additional costs, thereby democratizing access to financial services on a global scale.
Furthermore, the seamless conversion of PYUSD into fiat currency prior to the transfer process streamlines the user experience, eliminating complexities associated with cryptocurrency conversions. Through a strategic partnership with Paxos Trust, PayPal ensures the integrity and reliability of PYUSD transactions, instilling trust among users and financial institutions alike.
Jose Fernandez da Ponte, Senior Vice President of the Blockchain, Cryptocurrency, and Digital Currency Group at PayPal, underscores the significance of this milestone, emphasizing the dual objectives of creating a stable-value asset while enhancing utility for commerce and payments. By enabling U.S. users of Xoom to utilize PYUSD as a funding source, PayPal reinforces its commitment to driving innovation in the realm of digital finance, heralding a new era of financial inclusivity and accessibility.
As the global economy continues to embrace the digital revolution, PayPal's integration of PYUSD with Xoom sets a precedent for future collaborations between traditional financial institutions and emerging blockchain technologies. This symbiotic relationship not only unlocks new avenues for financial innovation but also paves the way for a more interconnected and inclusive global financial ecosystem.
In conclusion, PayPal's integration of PYUSD with Xoom represents a monumental leap forward in the realm of cross-border payments, offering users a seamless, cost-effective, and secure means of transferring funds across borders. As the world embarks on a digital transformation journey, this partnership serves as a beacon of progress, heralding a future where borders are transcended, and financial opportunities are accessible to all.
PayPal Appoints Ex-SoFi Executive as Chief Enterprise Officer PayPal ( NASDAQ:PYPL ), a global leader in digital payments and commerce solutions, continues to fortify its leadership team with the appointment of Aaron J. Webster as Executive Vice President and Chief Enterprise Services Officer. With extensive experience in risk management and global operations, Webster's addition underscores PayPal's ( NASDAQ:PYPL ) commitment to enhancing financial crime prevention, regulatory compliance, and customer protection measures.
A Seasoned Executive Joins PayPal:
Aaron J. Webster brings a wealth of experience from his tenure at SoFi, where he served as Chief Risk Officer and Global Head of Operations. With a track record of building integrated risk management frameworks and driving operational excellence, Webster is well-equipped to lead PayPal's initiatives in financial crime prevention, regulatory relations, and risk management.
Driving Innovation and Customer Protection:
As the new Chief Enterprise Services Officer, Webster will spearhead efforts to strengthen PayPal's global financial crime and fraud prevention programs. His leadership will be instrumental in advancing PayPal's mission to revolutionize commerce while ensuring the highest standards of security and compliance. With cyber threats on the rise, Webster's expertise will play a pivotal role in safeguarding PayPal's customers and fostering trust in the digital payments ecosystem.
Continued Focus on Growth and Evolution:
PayPal's CEO, Alex Chriss, expressed confidence in Webster's ability to drive growth and enhance customer relationships through effective risk management strategies. This appointment aligns with PayPal's broader strategy of bolstering its leadership team to navigate an ever-changing business landscape. As PayPal ( NASDAQ:PYPL ) continues to expand its presence globally and innovate across various verticals, Webster's leadership will be integral to driving sustainable growth and maintaining regulatory compliance.
Webster's Vision for PayPal:
In his statement, Aaron J. Webster expressed his excitement about joining PayPal ( NASDAQ:PYPL ) and contributing to its mission of revolutionizing commerce worldwide. He emphasized the importance of protecting customers and enhancing PayPal's capabilities to adapt to evolving threats and regulatory requirements. Webster's vision aligns with PayPal's commitment to innovation, customer-centricity, and operational excellence.
PayPal's Innovation Drive and Strong Earnings Outlook
In a recent surge, PayPal ( NASDAQ:PYPL ) shares experienced a 6% rally during the last trading session, closing at $65.82. This upward movement is credited to significant trading volume, indicating increased investor interest. The company's robust performance is not confined to the stock market alone; it extends to operational strengths and strategic innovations. As the digital payments giant gears up for its upcoming earnings report, all eyes are on the impressive trajectory it has been following.
Riding the Momentum:
PayPal's sustained rally is fueled by the strength of its diverse portfolio. The company is not merely a payment platform but a technological powerhouse, offering a range of services from core peer-to-peer transactions to the increasingly popular buy-now-pay-later services. The company's Checkout experiences and growing customer engagement are pivotal factors contributing to its success.
According to recent data, PayPal is expected to post quarterly earnings of $1.36 per share, reflecting a commendable year-over-year change of +9.7%. Revenues are projected to reach $7.88 billion, marking a 6.7% increase from the previous year's quarter. The positive trends in earnings estimate revisions over the last 30 days indicate a potential for further stock price appreciation, underscoring the optimistic outlook for PayPal ( NASDAQ:PYPL ).
New Leadership, New Initiatives:
PayPal's ( NASDAQ:PYPL ) new Chief Executive, Alex Chriss, has wasted no time in driving innovation within the company. An upcoming online presentation is set to showcase the innovations PayPal plans to introduce in 2024, creating anticipation in the market. Chriss and the new Chief Financial Officer, Jamie Miller, are expected to unveil conservative 2024 guidance during the earnings report on Feb. 7.
A notable aspect of PayPal's evolution is its shift from being a mere online checkout site to a comprehensive mobile shopping and person-to-person payments platform. Under Chriss's leadership, PayPal ( NASDAQ:PYPL ) is set to expand its services in the small- and medium-sized business market with the introduction of "PayPal Complete Payments." The company's strategic move towards a more integrated e-commerce platform reflects a forward-thinking approach to meet the evolving needs of consumers and merchants.
AI-Powered Growth:
RBC Capital analyst Daniel Perlin speculates that PayPal's innovation event will focus on its robust data assets, leveraging artificial intelligence (AI) to enhance authorization rates for merchants. The CEO's mention of the use of AI to address increasing advertising costs for small and medium-sized businesses suggests a comprehensive solution that integrates PayPal's two-sided ecosystem into a cohesive e-commerce platform.
Conclusion:
As PayPal ( NASDAQ:PYPL ) continues to assert its dominance in the digital payments landscape, the convergence of technological innovation, strategic leadership, and positive earnings outlook positions the company for sustained growth. Investors and industry enthusiasts alike will be closely monitoring the upcoming earnings report and innovation event for further insights into PayPal's trajectory in 2024 and beyond.
PayPal's Strategic AI Move Ignites Investor OptimismPayPal Holdings Inc. ( NASDAQ:PYPL ) has experienced its best three-day run in 14 months, capping off the week with a 5.5% surge in stock value. As the second-best performer in the S&P 500, PayPal's shares are poised for their highest close since August 2, 2023, marking a significant rebound for the payment-technology giant.
Key Catalysts:
1. AI Integration for Improved Conversion Rates:
CEO Alex Chriss has recently emphasized the pivotal role of artificial intelligence (AI) in PayPal's future growth strategy. Recognizing the need to enhance conversion rates, the company is set to leverage AI to streamline its operations and foster a healthier bottom line. This move positions PayPal at the forefront of innovation in the financial technology sector, reflecting a commitment to staying ahead in an increasingly competitive market.
2. Strategic Business Restructuring:
Chriss has announced a strategic shift for PayPal in the upcoming year, signaling a departure from certain business segments. This decision is attributed to the company's realization that it has undertaken an abundance of acquisitions in recent years, prompting a need for focused consolidation. The move is aimed at optimizing the company's portfolio and aligning its resources with areas of maximum growth potential, ensuring a more streamlined and efficient operation.
3. CEO's Five Key Priorities for Profitable Growth:
According to Chriss, he has outlined "five key priorities" designed to drive PayPal's profitable growth in the foreseeable future. While specific details weren't disclosed, this strategic roadmap underscores a commitment to enhancing shareholder value and ensuring sustained success. The CEO's transparent communication about the company's priorities reflects a leadership approach that fosters investor confidence.
Financial Outlook:
Despite recent downgrades, Wall Street maintains a consensus "overweight" rating on PayPal, indicating continued confidence in the company's growth prospects. Projections for the current financial quarter estimate earnings of $1.05 per share, showcasing an improvement from $1.01 per share in the same period last year. This positive outlook suggests that investors are optimistic about PayPal's ability to navigate challenges and capitalize on emerging opportunities in the evolving financial technology landscape.
Conclusion:
PayPal's recent stock surge, coupled with its strategic initiatives, highlights a compelling narrative of resilience and adaptability in the face of evolving market dynamics. As the company embraces AI, undergoes strategic restructuring, and prioritizes profitable growth, investors are presented with a promising picture of a financial technology giant poised for sustained success. The market's vote of confidence, as reflected in the consensus "overweight" rating, indicates that PayPal's strategic moves are resonating positively with stakeholders, making it a stock worth watching in the coming months.
PYPL - 1D - Crucial momentHi guys,
Let's have another look at Paypal on the daily TF.
This is linked to my previous idea on the weekly TF supposing the downtrend was coming to an end.
If we focus on the daily, we can notice a typical inverse h&s pattern coming to a conclusion.
Three potential scenarios :
- We break the neckline with a good conviction and volumes => First target at around 74$
- We consolidate a bit more under the neckline then break it => same target
- The price fail breaking the neckline and go back inside the falling wedge => next target is 45$
We are in a crucial zone. Can't wait to see how will the price develop.
Like if you share :)
NFA
PayPal to $76PayPal is signaling bullish reversal at a great value. After a two-year long hemorrhage in stock value, multiple indicators and patterns forecast a recovery. A descending wedge can be found on the 1D chart and as we are nearing the final squeeze of the wedge, an inverse head and shoulders has formed.
Utilizing Fibonacci retracement levels supported by bullish trading patterns and indicators (OBV & MFI), the ascent to $76 appears both realistic and only the beginning of a long awaited rally. Should my projections prove accurate, I believe there will be one more opportunity to profit from put options as the right shoulder peaks around the $57-$59 range.
NASDAQ:PYPL
PAYPAL - BUY OPPORTUNITY!!!Taking a BUY position on PAYPAL to SWING TP AREAS. Aim is to hold position for LONGTERM EQUITY growth as PAYPAL looks to establish its position from here for long-term growth with the launch of its new stable coin PYUSD as well as a newly assigned CEO.
THIS IS A LONGTERM SWING POSITION!
Trade Safe
Mt. Gox Reportedly Starts Repaying Some Creditors Via PayPalMt. Gox appears to have started repaying some creditors after the defunct bitcoin exchange’s trustee said last month that it would repay creditors in cash shortly.
In a Reddit thread, several users — who appeared to be creditors of the defunct bitcoin exchange — said that they received their Mt. Gox payments through PayPal today.
“I just got paid,” one user named Free-End2543 wrote, attaching a screenshot of an emailed notification from PayPal.
“I just got my initial payment via Paypal!! I was sure it was a phishing attempt on my email, but nope legit money in JPY,” another user named rpostwvu said, with several others posting similar messages on the social media platform.
One user from a Telegram group chat titled “MtGoxCreditors” confirmed with The Block that they received a Japanese yen-denominated payment — dated Dec. 25 — from the Mt. Gox trustee on PayPal.
Mt. Gox’s rehabilitation trustee did not immediately respond to The Block’s request for comment.
The reported repayments come after the exchange, which collapsed in 2014, said last month in an email to creditors that the rehabilitation trustee is “making efforts to commence repayments in cash within the 2023 calendar year.” Repayments, however, would likely “continue into 2024” given the large number of rehabilitation creditors, the trustee said.
In September, Mt. Gox extended the deadline for rehabilitation creditor repayments from Oct. 31, 2023, to Oct. 31, 2024.
Launched in 2010, the Tokyo-based platform gained popularity and became the largest bitcoin exchange by 2013, servicing 70% of all bitcoin trades worldwide. However, it stopped all withdrawals in early 2014 when the business suspended trading. The site soon went offline, and the company filed for bankruptcy protection after losing over 800,000 bitcoins.
PYPL - time to buy?We can clearly see that PYPL found a support at 50.32$ (green line)
Honestly, if looking on W chart, of course 1st what we can notice that the index is super oversold. But, what pays my attention is that High probably that it will be really a good price zone to buy. It reminds me somehow about Meta when it dropped till 86 - 89$ and then you can see now its around 300$
Just keep in mind, as long as the index stands above Green Zone that I highlighted on the chart, the chances for a good bounce will increase.
PYPL is a good company with good perspectives.
But let me continue with Technical part.
Important to see a breakout above that fray resistance line and see that the price is moving towards to its 1st strong resistance line at 66.34$, where is 4 W FVG level.
Personally think that it will manage to break through that price. And after that will bounce until 92.07$ price level where we can expect some correction. (n.1)
For the continuation of the uptrend of course we should see the D or W close at around 92-95$, only after that the price can be pushed higher. (N.2)
Also I have higher resistance zones where I will recommend to pay extra attention. And its 182 - 190$ price zone.
Paypal - Heading for a new bull phase?Paypal's stock price seems to be forming a nice bullish chartist pattern, a falling wedge, which has been going on since the beginning of the year. If resistance is broken, NASDAQ:PYPL could return to a nice uptrend, after numerous DCA buy points have been given by our " Magic Bands (PMB) " indicator.
PayPal: Turbulent Journey, Promising FutureI am a big supporter of PayPal but I believe its share value will get worse before it gets better. According to its Q2 2023 results, the online payment company experienced a deterioration in its liquidity with a cash ratio difference (cash/total current liabilities) of -0.04 when compared to its Q2 2022 results. The Q3 2023 Earnings Call taking place on Wednesday (1 November 2023) should set the tone for what to expect in the coming months, a steeper drop in share price or a much desired recovery.
PayPal has had a rocky year with the retirement of its veteran CEO, Dan Schulman, who was officially succeeded by Alex Chriss last month. Because Schulman's departure was planned and not sudden, the change in leadership is not a concern for me. The online payment giant also recently launched its own stablecoin showing its willingness and capability to evolve with the times. All-in-all, I believe PayPal's shares have been mostly rocked by factors outside of its direct control (rising treasury yields, pandemic lockdowns lifting, recession fears, etc) so I am anticipating the Q4 2023 to be a pivotal moment as I believe that's where we will see how Chriss has managed the company.
Despite the expected turbulence I am going to load up on LEAPS calls as I believe this company is extremely undervalued and is due for a strong recovery once the current macroeconomic disturbances subside. If the price continues to slip, I can see us hitting a support around $40 which will be the lowest the stock has been since February 2017. While this would be difficult to stomach, it offers an exceptional purchasing opportunity. A potential near-future recovery to the $58.50 level is also possible; $65 would be the next stop if the $58.50 ceiling is surpassed.
Speculative foresight: noting Elon Musk's prior history with PayPal and his long-term desires for operating an online bank (a desire he has expressed exercising with the newly acquired Twitter, now X, platform), I believe we can expect an attempted merger or acquisition from Musk once he has extinguished the current fires at Tesla and X. In my opinion, an attempt to takeover PayPal would attract high volatility which could launch PayPal's shares to prior highs. This is all speculation of course and probably will not occur for several years, if at all.
NASDAQ:PYPL
Paypal - A Make or Break Moment 1st Nov Paypal - NASDAQ:PYPL
Earnings release on 1st Nov 👀 and two chart patterns are going to hold or break....
Potential Falling Wedge (blue) could be about to hold or break down, along with a potential positive divergence (purple) which needs to hold here also.
I continue my DCA into these lows. Position size is still on the small side and i am DCA'ing with an investment mentality. Setting additional bids at $53.30
PUKA