PayPal reported a huge Q4 that beat analyst top-line expectations by $120 million.
PayPal has seen great performance relative to the S&P 500, the company’s earnings have been solid, as more and more consumers shift the majority of their services online, PayPal is getting a good chunk of that.
Yet, PayPal dropped last week more than 15% due to eBay announcement that they will switch main payment processor from PayPal to Ayden.
eBay news wasn’t great for PayPal but did the market overreact? Do you think this was a healthy correction / Pullback?
PayPal’s earning from eBay is around 13% of it’s total earning, I see this is as good a good buying chance, will keep an eye on it this week and see how the market keeps reacting if it finds support and hold and jumping in
PayPal Holdings updates: 17.Oct.2018
I am adding more to my position, earning is soon and PayPal is a fast growing company in my opinion.
are you in any positions? what are your views?
General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.
This is not a financial advice.