Today’s Research Reports on Stocks to Watch: PayPal and Intelsat
PayPal and Intelstat both saw gains in Thursday’s trading session on positive developments. PayPal shares rose higher after Uber said it would soon have a “Pay with Venmo” option that will allow users to pay with Venmo on Uber and Uber Eats. Intelsat saw gains after announcing that it has aligned on a market-based proposal for the future use of the lower C-band spectrum in the U.S. with SES and Eutelsat.
RDI Initiates Coverage on:
PayPal Holdings, Inc.
PayPal Holdings, Inc. shares gained a 3.34% yesterday on about 6.5 million shares. The payment company hit a new high of $89.19 after Wall Street learned that Uber will soon have a “Pay with Venmo” option. Uber riders will be able to use Venmo to pay for their fares in the main Uber app and for food in the Uber Eats app. Chief operating officer of PayPal, Bill Ready, said, “Adding Venmo as a way to pay within Uber and Uber Eats furthers our mission to provide a seamless way to pay for the services that matter most to our customers." There was no given date on when users will be able to start using Venmo. "With so many of our riders and eaters already turning to Venmo as a way to pay a friend back for that last ride or meal, we’re proud to have built a seamless, easy-to-use connection between our apps,” said Marco Mahrus, Uber’s head of payment partnerships.
Access RDI’s PayPal Holdings, Inc. Research Report at:
Intelsat S.A. shares closed up 12.50% on a little over 7 million shares traded on Thursday. The global satellite operator announced along with SES, and Eutelsat, that they are aligned on a market-based proposal for the future use of the lower C-band spectrum in the U.S. In a joint statement, Intelsat CEO Stephen Spengler and SES President and CEO Steve Collar said, “We are pleased to have Eutelsat join Intelsat and SES in this endeavor, demonstrating that the industry is able to unite, collaborate and fully implement our market-driven proposal. Our solution is the only one which will maintain the high quality of the hundreds of incumbent services operating in the C-band today, protect the significant investments in space and ground infrastructure delivering these crucial services while also supporting the U.S. goal of accelerating the 5G era.” Eutelsat CEO, Rodolphe Belmer, remarked, "We are pleased to be joining this proposal which aims to create fair conditions for the shared use of C-band with mobile operators in the U.S. while protecting the quality of services provided to our customers over the long term. By joining this collaborative process, we will be able to advance our interests and those of our clients and contribute to the momentum of the initiative.”
Access RDI’s Intelsat S.A. Research Report at:
Our Actionable Research on PayPal Holdings, Inc. (NASDAQ: PYPL) and Intelsat S.A. (NYSE: I) can be downloaded free of charge at Research Driven Investing.
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