Markets
News
Analysis
User
24/7
Economic Calendar
Education
Data
- Names
- Latest
- Prev
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
A:--
F: --
A:--
F: --
A:--
F: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
A:--
F: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
--
F: --
P: --
A:--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
No matching data
Latest Views
Latest Views
Trending Topics
To quickly learn market dynamics and follow market focuses in 15 min.
In the world of mankind, there will not be a statement without any position, nor a remark without any purpose.
Inflation, exchange rates, and the economy shape the policy decisions of central banks; the attitudes and words of central bank officials also influence the actions of market traders.
Money makes the world go round and currency is a permanent commodity. The forex market is full of surprises and expectations.
Top Columnists
Enjoy exciting activities, right here at FastBull.
The latest breaking news and the global financial events.
I have 5 years of experience in financial analysis, especially in aspects of macro developments and medium and long-term trend judgment. My focus is maily on the developments of the Middle East, emerging markets, coal, wheat and other agricultural products.
BeingTrader chief Trading Coach & Speaker, 8+ years of experience in the forex market trading mainly XAUUSD, EUR/USD, GBP/USD, USD/JPY, and Crude Oil. A confident trader and analyst who aims to explore various opportunities and guide investors in the market. As an analyst I am looking to enhance the trader’s experience by supporting them with sufficient data and signals.
Latest Update
Risk Warning on Trading HK Stocks
Despite Hong Kong's robust legal and regulatory framework, its stock market still faces unique risks and challenges, such as currency fluctuations due to the Hong Kong dollar's peg to the US dollar and the impact of mainland China's policy changes and economic conditions on Hong Kong stocks.
HK Stock Trading Fees and Taxation
Trading costs in the Hong Kong stock market include transaction fees, stamp duty, settlement charges, and currency conversion fees for foreign investors. Additionally, taxes may apply based on local regulations.
HK Non-Essential Consumer Goods Industry
The Hong Kong stock market encompasses non-essential consumption sectors like automotive, education, tourism, catering, and apparel. Of the 643 listed companies, 35% are mainland Chinese, making up 65% of the total market capitalization. Thus, it's heavily influenced by the Chinese economy.
HK Real Estate Industry
In recent years, the real estate and construction sector's share in the Hong Kong stock index has notably decreased. Nevertheless, as of 2022, it retains around 10% market share, covering real estate development, construction engineering, investment, and property management.
Hongkong, China
Ho Chi Minh, Vietnam
Dubai, UAE
Lagos, Nigeria
Cairo, Egypt
White Label
Data API
Web Plug-ins
Affiliate Program
View All
No data
Not Logged In
Log in to access more features
FastBull Membership
Not yet
Purchase
Log In
Sign Up
Hongkong, China
Ho Chi Minh, Vietnam
Dubai, UAE
Lagos, Nigeria
Cairo, Egypt
White Label
Data API
Web Plug-ins
Affiliate Program
Lower interest rates can do wonders for financial technology companies (Fintech) which strive to improve and automate financial services.
In an ever-evolving technological landscape and business environment, several popular fintech stocks are standing out and should benefit as the Fed decided to cut the central bank's benchmark rate by 50 basis points today.
PayPal’s Resurgence: Payment Solutions Leader
Sporting a Zacks Rank #1 (Strong Buy), PayPal’s PYPL steady growth trajectory has become more believable thanks to the company’s relevancy as one the largest transaction facilitators for customers and merchants.
Posting a sharp rebound this year, PYPL is up nearly +20% in 2024. Analysts have become more bullish on PayPal’s expanding partnerships and innovation with a few collaborations listed below.
1. Fiserv FI partnership- Aimed at streamlining checkout experiences for merchant clients in the U.S.
2. Uber UBER partnership- Multi-year collaboration to capitalize on the ride-sharing giant’s global expansion and scale PayPal into worldwide markets.
3. PayPal has also expanded its partnership with Apple AAPL, creating an integrated payment ecosystem with Apple Pay and its subsidiary Venmo VMEO. Notably, PayPal has enhanced its features for Venmo in regard to services for small business owners.
IBKR & HOOD Stock: Investment Bank Growth
Expanding as electronic market brokers, International Brokers IBKR and Robinhood Markets' HOOD stock both sport a Zacks Rank #2 (Buy).
Increasing in popularity since going public in 2021, Robinhood is expected to post its first profit this year with EPS now expected at $0.76 versus an adjusted loss of -$0.61 a share in 2023. The Fed’s decision to cut rates is perfect timing for Robinhood as the renowned cryptocurrency trading company is expected to be profitable in fiscal 2025 as well.
Pivoting to Interactive Brokers, its bottom line expansion is very enticing with EPS projected to pop 18% in FY24 to $6.81 compared to earnings of $5.75 per share last year. Plus, FY25 EPS is projected to rise another 2%.
More intriguing is that IBKR and HOOD have soared over +50% year to date but still trade at fairly reasonable forward P/E multiples of 19.3X and 29.7X respectively.
Bottom Line
Suggesting more upside in these top fintech stocks is that earnings estimate revisions have remained higher. This trend should continue with the Fed’s much-anticipated decision to cut rates finally upon us.
Zacks Investment Research
Lake Success, New York-based Broadridge Financial Solutions, Inc. provides investor communications and technology-driven solutions for the financial services industry. With a market cap of $25 billion, Broadridge operates through Investor Communication Solutions, Global Technology and Operations, and other segments.
Companies worth $10 billion or more are generally described as "large-cap stocks," Broadridge fits right into that category, with its market cap exceeding this threshold, reflecting its substantial size and influence in the information technology services industry.
Broadridge touched its all-time high of $223.81 on Aug. 6 and is now trading 5.6% below that peak. BR gained 8% over the past three months, slightly outpacing the Dow Jones Industrials Average’s ($DOWI) 7.1% gains during the same time frame.
Over the longer term, BR has underperformed DOWI. BR gained 12.7% over the past 52 weeks and 3% in 2024, lagging behind DOWI’s 19.7% gains over the past year and 9.8% returns on a YTD basis.
To confirm the bullish trend, Broadridge has consistently traded above its 200-day moving average over the past year and above its 50-day moving average since early July.
Shares of Broadridge soared 4.8% after the release of its stellar fiscal 2024 earnings on Aug. 6. The IT services giant reported a commendable 7.4% year-over-year growth in revenues, reaching $6.5 billion. This growth was accompanied by disciplined expense management, contributing to a slight uptick in profit margins. Its net earnings grew by a substantial 10.7%, totaling $698.1 million compared to the previous fiscal. And its Q4 adjusted EPS of $3.50 surpassed Wall Street’s expectations.
Additionally, Broadridge provided optimistic guidance for fiscal 2025, projecting GAAP-based EPS growth of 20% to 25% and adjusted EPS growth of 8% to 12%, bolstering investor confidence.
Broadridge’s competitor, Fiserv, Inc. , has substantially outperformed BR. FI gained 44.2% over the past year and 31.7% in 2024.
Among the seven analysts covering the BR stock, the consensus rating is a “Moderate Buy.” The mean price target of $221.83 represents a potential upside of 4.7% from current price levels.
On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
PayPal Holdings, Inc. PYPL continues to exhibit strong fundamentals, driven by its constant efforts to expand its portfolio of solutions.
The company, which is one of the largest online payment solutions providers, has seen its shares rise 12.9% year to date, outpacing the Zacks Internet-Software industry’s 11% rise. Such an impressive gain naturally leads investors to wonder whether PayPal is still a compelling buy or if it is time to lock in profits.
The company has been benefiting from solid execution, payment platform enhancement and customer strategies. PayPal’s solid prospects in the cryptocurrency space are other positives.
Its comprehensive payment ecosystem, which connects merchants and customers seamlessly, is expected to continue bolstering its competitive position against its closest peer, Block SQ, as well as traditional fintech companies like MasterCard and Visa.
However, the PYPL stock has underperformed the broader technology sector and the S&P 500 index’s rallies of 14.5% and 15%, respectively. Market uncertainties, high inflation, unfavorable foreign exchange fluctuations and sluggish trends in consumer spending do not bode well for the company’s prospects.
Year-To-Date Price Performance
Hence, investors should pay close attention to the company’s operational improvements across large enterprises, small businesses and consumers, as the payment giant's stock presents both opportunities and challenges that warrant careful consideration.
Expanding Portfolio Drives PayPal’s Prospects
PYPL’s portfolio strength has been helping it maintain a deep and trusted relationship with merchants and consumers. Its two-sided platform helps develop direct financial relationships with customers and merchants.
The company recently introduced a single solution for every type of customer everywhere they shop with its initiative of 'PayPal Everywhere.' It enables customers to have access to rich rewards and stackable cash-back offers within the PayPal app. The initiative will also make online payments for shopping hassle-free with features like simple sign-up, auto-reload, Tap-to-Pay and secured transactions.
PayPal’s unveiling of Fastlane, which enhances the guest checkout experience by allowing users to complete their purchase in one click, remains noteworthy. Currently, it is available in the United States. Fastlane is based on the company's decades of payment expertise to innovate and accelerate the guest checkout experience.
Solid momentum across PYPL’s branded checkout and Venmo are contributing significantly to transaction margin growth of the company. It is witnessing strong monthly active account growth due to the increasing adoption of PayPal and Venmo.
The growing momentum of the PayPal Complete Payments platform is another positive. The company is gaining strong momentum across small and medium-sized businesses with the PayPal Complete Payments platform. The expansion in the platform’s geographic reach to more than 34 countries is a major positive.
Strength in Braintree is a tailwind. The company is witnessing rising unbranded transactions processed through Braintree, which is noteworthy.
PYPL is also shifting to more password-less authentication processes like biometrics. It plans to launch a redesigned mobile checkout experience. This is expected to result in higher conversion rates.
On the customer front, the solid adoption of the PayPal debit card is continuously boosting transaction activities on the company’s platform and driving growth in the average revenue per account.
In the cryptocurrency domain, PayPal is one of the well-known crypto stocks that should be focused on.
The company provides a feature called Crypto on Venmo, which allows Venmo customers to buy, hold and sell cryptocurrency directly within the Venmo app. It also offers a feature called Checkout with Crypto, which lets customers convert their cryptocurrency holdings seamlessly into fiat currency at the time of checkout.
Strong Partner Base to Aid PYPL Stock
PayPal continues to forge strategic partnerships as part of its growth initiatives.
Recently, the company teamed up with Fiserv FI to streamline checkout experiences in the United States. This partnership allows Fiserv clients to enable PayPal, Venmo and related services seamlessly, and provides these businesses with a simple connection point to Fastlane by PayPal to accelerate guest checkout flows.
PYPL partnered with Adyen. Per the terms, Adyen will offer Fastlane by PayPal to accelerate guest checkout flows for its enterprise and marketplace customers in the United States.
The company also expanded its global strategic partnership with Shopify SHOP, as part of which its wallet transactions will be integrated into Shopify Payments in the United States. With this, PYPL has become the online credit and debit card processor for Shopify Payments through PayPal Complete Payments.
PayPal’s collaboration with Apple and Alphabet to integrate the Venmo debit card with Apple Pay and Google Pay is a plus.
Upward Estimate Revision Bodes Well for PYPL
PayPal’s portfolio strength and strong partner base are expected to drive its prospects in the long run and the near term.
For third-quarter 2024, PYPL expects year-over-year mid-single-digit growth in revenues. The Zacks Consensus Estimate for the same is pegged at $7.85 billion, indicating year-over-year growth of 5.8%.
The company expects non-GAAP earnings per share to exhibit high-single-digit growth on a year-over-year basis. The consensus mark for the same is pegged at $1.06, which has been revised upward by 3.9% over the past 60 days.
For 2024, PayPal anticipates non-GAAP earnings per share to grow in the low to mid-teens from that reported in 2023. The Zacks Consensus Estimate for the same stands at $4.42, which has moved north by 4.7% in the past 60 days.
The consensus mark for 2024 revenues is pegged at $31.95 billion, indicating year-over-year growth of 7.3%.
Attractive Valuation: A Silver Lining
PayPal is trading at a discount with a forward 12-month Price/Sales of 2.11X compared with the industry’s 2.5X. This indicates robust opportunities for investors.
The company’s Value Score of A is hard to ignore.
Conclusion
PayPal’s commitment to democratize financial services in order to improve the financial health of customers, and boost economic opportunities for entrepreneurs and businesses of all sizes around the world is a major positive.
PYPL appears to be a solid investment proposition at present, with solid fundamentals, healthy revenue-generating potential on portfolio strength and expanding partnerships, rising earnings estimates, and attractive valuation.
Currently, PayPal sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Zacks Investment Research
White Label
Data API
Web Plug-ins
Poster Maker
Affiliate Program
The risk of loss in trading financial instruments such as stocks, FX, commodities, futures, bonds, ETFs and crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.
No decision to invest should be made without thoroughly conducting due diligence by yourself or consulting with your financial advisors. Our web content might not suit you since we don't know your financial conditions and investment needs. Our financial information might have latency or contain inaccuracy, so you should be fully responsible for any of your trading and investment decisions. The company will not be responsible for your capital loss.
Without getting permission from the website, you are not allowed to copy the website's graphics, texts, or trademarks. Intellectual property rights in the content or data incorporated into this website belong to its providers and exchange merchants.