Why is PayPal going down

In November went down 20% PayPal has been going down

And has gone down 7% since writing this article. PayPal is a good buy and has always been, especially now because of how low it is. Paypal’s last quarter (in September)stats were 6.18B 13.24% up in revenue ,pay pals net incomes were 1.09B 6.46% up

Its were Diluted EPS was 0.92 6.98% up, its net profit margin was 17.58% 5.99& down, its operating income was 1.04b 4.82% up, its net changing in cash was 951M 207.82% up, cost of revenue was 3.38B 18.51% up.

So why is PayPal going down?

The main reason it is going down is that PayPal stock got a downgrade from bank Bernstein Claiming that they are facing better competition from companies like Apple and Amazon. This is all part of its multi-month losing streak which PayPal should soon break.

What to be expected for PayPal and the NASDAQ

I think what to be expected for PayPal in the long term is that it will go up.

Since the 14 of January, its yield has been 0% which won’t stay for long.

Paypal is one of the best stocks on the NASDAQ which has been down 9% for about 3 months but right now is the best time in the market. Especially for the NASDAQ. There are good stocks on the Nasdaq Procter and gamble, Paypal, etc are a lot of companies that are jumbled in that make it look bad.

Sorry for the short article

This is not financial advice

-Davis

Credit: Money INC