Strategist: PayPal is a stock to buy on new CEO, performance, and latest results
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- Опубліковано 9 тра 2024
- On today's edition of Good Buy or Goodbye, Market Domination's Julie Hyman is joined by Great Hill Capital Chairman and Managing Member Thomas Hayes to delve into his top portfolio moves in the fintech landscape when compared to traditional banking options.
Hayes recommends PayPal (PYPL) as a stock to buy, citing the appointment of the company's new CEO Alex Chriss as the source of optimistic upside. He highlights Chriss's experience from his previous role at Intuit (INTU), noting that the valuable lessons learned there can be brought to PayPal "to revitalize the brand."
Additionally, Hayes points to the re-rating that has occurred on the stock as margins reaccelerate, evident from PayPal's impressive first-quarter earnings beat. Furthermore, he emphasizes that the company generates around $5 billion a year in free cash flow, providing PayPal with "all the runway they need."
On the other hand, Hayes names Goldman Sachs (GS) as a stock that investors should avoid, despite his favorable view of the major bank. He acknowledges that he doesn't like the stock "at today's prices" and its excessive dependence on trading profits.
Hayes states that Goldman Sachs' attempts to generate revenue through other avenues have not been as successful, highlighting the need for the company to spend time "building out the recurring revenue businesses" they have. Lastly, Hayes believes an interest rate cut from the Federal Reserve would be wholly necessary for Goldman Sachs to see significant gains based on its investment banking franchise.
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I bpught paypal last july.... it is still minus and very hard to understand..... it is still growing and cash flow machine... hope to see turnaround soon
Andrew Chris 😂😂😂
Thank you
Nice!!
Set guidance low and beat guidance?! And we should reward him?! He's a genius?! 💁
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Andrew Chris...
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this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
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Andrew chriss 😂😂😂
This man has no credibility. He's touting a stock based on the new CEO, but gets the name wrong. Someone who's studied the company of PayPal in depth would not make that mistake
I agree that he us full of it but flubbing a name is no reason to distrust him.
@@Pizza-gb1ch he did more than flub a name. His entire bullish thesis lies on the new CEO. Can't make that mistake and expect ppl to take him seriously
Don't buy either.
Which ones are good?
Fundamental Investors are just laughable