Cautious Hold on PayPal Amid Mixed Momentum

3 months ago

"And another day, another Open AAI partnership, PayPal. PayPal beat earnings, but that's not what's moving the stock up 15% in pre-market. If you're holding, again, PayPal may seem like, hey, it was just forgotten. Well, it's in the first off, it's in the Alpha Pix portfolio, and it is down. It is not up in the Alpha Pix portfolio. It is down. But if you bought this in January of this year, are we going to start seeing this turn around? That was around $88. Where are you in pre-market? $76. They just announced earnings. I like PayPal. Do I love PayPal? No. Do I own PayPal? Yes. It's a hold in the quant. The valuation is still stretched. But more importantly, the momentum is bad."

The speaker provides a nuanced view on PayPal, noting that despite beating earnings and an OpenAI partnership, the stock is down relative to earlier levels ($88 to $76). The commentary reflects a cautious hold due to stretched valuation and poor momentum.

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