|Bid||106.98 x 4000|
|Ask||107.25 x 800|
|Day's Range||105.25 - 107.29|
|52 Week Range||74.66 - 121.48|
|Beta (3Y Monthly)||0.87|
|PE Ratio (TTM)||51.00|
|Earnings Date||Oct 16, 2019 - Oct 21, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||126.83|
Yahoo Finance presents Influencers with Andy Serwer, a weekly interview series. Yahoo Finance Editor-in-Chief Andy Serwer will sit down with some of the biggest names in business, politics, entertainment, sports, and academia. 'Influencers' will focus on industry trends, the macro economy and issues of the day through a business lens. This week Serwer sits down with Paypal founder and Affirm CEO Max Levchin to discuss redistribution of income and wealth, in addition to more in the full-length interview. Tune in every Thursday at 5 PM EST for a new, live episode of Influencers with Andy Serwer.
As lawmakers continue to debate regulating Big Tech, PayPal Co-Founder Max Levchin explains the responsibilities that tech giants like Facebook and Google have to society on Influencers with Andy Serwer.
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.
Canacord Genuity analyst Josef Vafi is bullish on PayPal and neutral on Square but thinks both digital payments companies have solid fundamentals.
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.
Mastercard (MA) partners R3 to launch a blockchain-enabled cross-border payments solution that will facilitate better services to customers.
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.
PayPal should be able to defend its business after JPMorgan offered free same-day WePay deposits to its clients, Evercore’s David Togut argues.
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.
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.
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 ...
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.
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...
On a broad scale, the fintech space is both diversifying and growing quickly both nationally and beyond. The payments space specifically continues to reap new and innovative technology to aid in everyday ...
Square (NYSE:SQ) stock has been a multi-year juggernaut. However, it hasn't fared all that well over the past 12 months. SQ stock is actually down 27% in the past year. That badly lags the S&P 500, which is up 3% in the same time.While Square stock is up 13% year-to-date, it also lags the S&P 500's gain of almost 19%. That's a bit frustrating for shareholders, although those that have been holding SQ stock for a few years surely don't have much to complain about. The stock still boast three-year gains of more than 425%.Still, it leaves many wondering what's next for this stock.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Square Stock to $100?On September 3rd, analysts at SunTrust Robinson Humphrey upgraded Square stock to buy from hold and assigned an $80 price target. At the time, it represented about 30% upside. The call came on the same day that analysts at Atlantic Equities hit SQ stock with a sell-equivalent rating and $55 price target, implying about 8% downside. * 7 Triple Threat Growth Stocks to Buy for the Long Term Just given those two perspectives -- shares at ~$60 with price targets for $55 and $80 -- it seems like a reasonable risk/reward. But then on September 6th came a strong call. KeyBanc analyst Josh Beck rated Square stock with an overweight rating. More notably though, he assigned a $100 price target to SQ stock, implying more than 60% upside from current levels near $63.Beck argues that, "Square's Cash App is in a transition period as instant deposit mixes down and Cash Card adoption begins to scale." Beck adds that, "he does not foresee any substantial regulatory obstacle and believe Cash App revenue could scale to $2B in the next three years and be worth $50 a share."Beck's $100 price target is just shy of the stock's all-time high up at $101.15. Can it get there? Trading SQ StockSQ stock continues to bob along its 100-week moving average and the $60 level. $60 has been a significant level over the past two years, but has been of even more importance over the past few months. Should it fail as support, it also means the 200-week moving average failed as support.This would be a notable development, and while $55 could buoy the name, even more downside could be possible. Specifically, $50 stands out rather notably. In 2017 it marked the high and almost a year later, it marked a significant low.If it gets there again, it will no doubt draw in buyers who are looking for another strong, multi-month bounce. Investors may also notice short-term downtrend resistance (blue line) currently squeezing SQ stock lower.So what now?To get some upside momentum, SQ stock need to push over downtrend resistance. Climbing to $65 should do the trick, and could trigger a move up to $70. There it will find the 50-week moving average, as well as the 50-day and 200-day moving averages. Over that and SQ stock can start working on its climb to $78+.Below $60 and I will be waiting to see where Square stock finds support. If it gets down to $50, it will be a worthwhile long from a risk/reward perspective. Bottom Line on SquareSo what's the deal here with Square? We're talking about a high-growth company that's not seeing its stock price act in kind. Estimates still call for 43% revenue growth this year and another 34% growth in 2020. That goes alongside estimates for 64% earnings growth in 2019 and 44% growth next year.At current prices, SQ stock trades at roughly 11.5 times this year's revenue figure. For some perspective, PayPal (NASDAQ:PYPL) trades at ~7.3 times this year's revenue estimates. However, expectations call for growth of "just" 15% this year and an acceleration to 18% in 2020. On the earnings front, estimates call for 30% growth in 2019, but just 12% growth next year.In other words, Square stock is growing into its once super-lofty valuation. Not that it's "cheap" necessarily, but compared to its valuation when it was at $100 a year ago, it's much more palatable at today's levels. * 7 Stocks to Buy In a Flat Market Will it get back to $100? Probably at some point. But let's go one step at a time and use the technicals to help us time an entry. Watch for a break out over $65 or break down below $60.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities.The post Is Square Stock Set to Surge 61% to $100?Â appeared first on InvestorPlace.
San Francisco-based fintech Stripe Inc. is now debuting Stripe Capital to provide financing for its small business customers. Stripe, whose software is used by companies such as Lyft, OpenTable and Instacart to accept online payments, now joins Square Inc. (NYSE: SQ) and PayPal Inc. (NASDAQ: PYPL) in offering such a service. The three companies are in a powerful position to provide financing, since they see and handle their borrowers’ daily cash flows and can take repayment directly out of that cash flow.
"That little thing is broken, and it could really use some fixing, it is inevitably measured in hundreds of millions of dollars.”
(Bloomberg) -- Michael Novogratz is a step closer toward his vision of making Galaxy Digital Holdings Ltd. the Goldman Sachs of cryptocurrencies.The former macro manager’s self-styled merchant bank noted its approval from the Financial Industry Regulatory Authority to underwrite registered public offerings of securities in a filing last week. The New York-based firm is also looking at shepherding security token offerings -- effectively, digitized IPOs.“It’s a really young industry, and we are a pretty young business,” Novogratz said in a phone interview. “We are sober and patient about how fast it will grow, and we are well capitalized. This feels like a perfect addition.”Galaxy already invests in start-ups and coins, and helps companies secure funding for everything from early- to later-stage rounds. Galaxy managed $390 million in assets as of July 31.Novogratz, 54, is a former Goldman Sachs Group Inc. partner who spent more than a decade at the New York-based bank. He later became a principal at Fortress Investment Group LLC and managed the Fortress Macro Fund before it was liquidated in 2015. He launched Galaxy in January 2018 during the height of the crypto bubble.The company’s advisory business is headed by Ian Taylor, who worked at Goldman Sachs for 18 years before joining Galaxy in December. The Australia native is now leading a team of eight -- up from three employees in December -- with backgrounds in investment banking, consulting and structured finance.Business could take several years to ramp up, but there are plenty of hopeful signs that IPO demand could be coming: A number of crypto exchanges like Coinbase Inc. have raised money at valuations in the billions, and companies like mining hardware giant Bitmain Technologies Ltd. are already planning IPOs. Many major exchanges, mining and chip businesses are generating real revenue and profits.“The business that we are building on the advisory side is a long-term, relationship-based business,” Taylor said. “In time that will pay dividends as financing and strategic advisory opportunities arise.”Galaxy is already working on finding financing for a Bitcoin mining data center to be located in the U.S., for example, Taylor said.Mergers-and-acquisitions advising could be poised to take off as well. Traditional companies like card network Mastercard Inc. and PayPal Holdings Inc. have joined the Libra Association, a Facebook Inc.-led effort to issue a new digital coin for payments -- and such companies may look to acquire crypto businesses at some point as well. Due to political and regulatory scrutiny, Novogratz pegs Libra’s chances of launching next year at 50%.“Ultimately, we want to be a big part of the crypto ecosystem, and if they are there we want to be a big part of that,” Novogratz said, adding that he is also investing in and advising alternative platforms that would allow for Libra-like coins.Eventually, Galaxy also wants to issue tokens that could connect to or represent ownership of many valuable objects and revenue streams, Novogratz said.“The key here is regulators have been a little slower than we want them to be, but I think they are heading in the right direction,” Novogratz said. “There are a lot of interesting projects, but nothing has happened yet on the ’tokenization of everything’ front.”While some traditional investment banks could join the fray by that time, Novogratz hopes to enjoy a first-mover advantage -- and an advantage of someone focused on crypto from day one.“The traditional banks don’t have the DNA that they really need to understand the crypto community yet,” Novogratz said. “Our edge over time is that we are going to see more projects and get an understanding of what works and what doesn’t.”\--With assistance from Ben Bain.To contact the reporter on this story: Olga Kharif in Portland at email@example.comTo contact the editors responsible for this story: Jeremy Herron at firstname.lastname@example.org, Dave Liedtka, Brendan WalshFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Private payment company Stripe Capital on Thursday announced it's taking a step into the lending business. Stripe said the next stage of its growth phase will involve providing financing for online companies. ...
(Bloomberg) -- Stripe Inc. became one of the most valuable financial-technology startups by helping businesses accept online payments. Now it’s getting into lending.The San Francisco-based company launched Stripe Capital on Thursday. The service will start in the U.S. and will make loans to businesses that are already Stripe customers, as well as merchants selling on services like Shopify that use Stripe to process payments. Stripe will use the data it has on customers to help determine loan eligibility and terms. The first target market will be smaller businesses that use Stripe, rather than larger customers, such as Amazon.com Inc., that already have access to cash.Stripe Capital will start out by focusing on loans of about $10,000 to $20,000, according to Stripe Co-Founder John Collison. Much like Jack Dorsey’s payments firm Square Inc., which has its own lending service called Square Capital, Stripe has access to a wide swath of data on its customers. “We can constantly be looking at the businesses on Stripe, their cash flow, how they are growing, and who can be productively underwritten for a loan,’’ Collison said.Tech companies have become an increasingly popular lending source in recent years. After the 2008 financial crisis, traditional banks pulled back on small business loans, prompting many companies to look elsewhere for capital. Almost a third of loan applicants turned to online lenders in 2018, up from 24% in 2017 and 19% in 2016, according to a Federal Reserve survey.As the industry has become more digital, PayPal Holdings Inc., Square and even Amazon have introduced small business lending programs, as have a slew of startups including SoftBank Group Corp.-backed Kabbage Inc. and public company OnDeck Capital Inc.Though lending poses risks, Stripe, much like other payment services, says the extra data it has on customers will give it a better idea of whether borrowers can repay loans. The company believes that edge will protect it from significant losses during an economic downturn.“Lending is fundamentally a business that performs very differently based on where we are in the business cycle,” Collison said. “We’re doing as much as we can at the current point with models based on data that we can get from business performance and how small businesses performed in the financial crisis.’’ He added that the product was built with the possibility of an economic shock in mind, and that the company plans to be “appropriately cautious.’’To contact the author of this story: Julie Verhage in New York at email@example.comTo contact the editor responsible for this story: Anne VanderMey at firstname.lastname@example.orgFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.