Today’s Research Reports on Stocks to Watch: Square and PayPal
Square shares hit a brand new high on Tuesday as did Twitter shares. “Mad Money” host Jim Cramer remarked on how well Jack Dorsey, the CEO of both companies, has been doing. Shares of PayPal Holdings also saw a gain despite any news. The company recently injected $125 million into India’s Pine Labs.
RDI Initiates Coverage on:
PayPal Holdings, Inc.
Square, Inc. shares closed up 3.13% on Tuesday on nearly 10 million shares traded. The stock hit a new high of $64.08 during intra-day trading after CNBC’s "Mad Money" host Jim Cramer praised Jack Dorsey, the CEO of Square as well as Twitter for doing a "job well done." It may have also helped that yesterday Twitter shares hit a new high. Cramer said on Monday, "Jack Dorsey has been doing a dynamite job at both companies. And because I’m a big believer in accountability, I’ve gotta tell you: Dorsey deserves a lot more credit than he’s been getting." Previously the "Mad Money" host had thought Dorsey should focus on running just one company and not two. "The most objectionable comments now get buried, with the really vile stuff hidden behind a disclaimer," Cramer added. He went on to say, "He did it. He cleaned up the platform. At the same time, Twitter finally figured out monetization, something that many social media companies have struggled with. Put it all together, along with some aggressive cost cuts, and Twitter’s profitability has improved dramatically. The margins are so much better it’s staggering."
Access RDI’s Square, Inc. Research Report at:
PayPal Holdings, Inc. shares closed up 1.35% yesterday on mediocre trading volume. There was no particular news from the digital payment processor yesterday but recently the company invested $125 million into Pine Labs, an Indian-based point-of-sale terminal provider. Merchant clients of Pine Labs include Sony and McDonald’s. PayPal also announced the acquisition of iZettle, a Sweden-based fintech company last month. According to Mitch Siegel, KMPG’s financial services strategy leader, the acquisition "marks a pivot point for increased deal activity, deal sizes, and valuations." Pine Labs, similar to iZettle, offers a point-of-sale device that covers debit and credit cards. It also offers new and increasingly popular digital payment methods such as mobile wallets.
Access RDI’s PayPal Holdings, Inc. Research Report at:
Our Actionable Research on Square, Inc. (NYSE: SQ) and PayPal Holdings, Inc. (NASDAQ: PYPL) can be downloaded free of charge at Research Driven Investing.
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