Top 10 fintech ideas for 2024

PayPal (PYPL) stock falls on 2nd analyst downgrade this week

January 5, 2024 7:24 AM UTC

PayPal Holdings (NASDAQ: PYPL) stock experienced a drop in pre-market trading following a second analyst downgrade this week.

BTIG analyst Andrew Harte downgrades the payments company from Buy to Neutral, citing "too much uncertainty."

While PYPL's unbranded TPV growth (primarily Braintree) has been... More

TikTok aims to grow size of US e-commerce business tenfold this year - Bloomberg

January 4, 2024 9:20 AM UTC

According to a report by Bloomberg on Thursday, TikTok is aiming for a tenfold increase in its US e-commerce business this year, setting an ambitious target of $17.5 billion in merchandise volume.

The aggressive target pits the platform against giants like Amazon and Shein as the platforms vie for... More

Amazon (AMZN) option IV flat

January 4, 2024 8:48 AM UTC

Amazon (NASDAQ: AMZN) 30-day option implied volatility is at 34; compared to its 52-week range of 23 to 55.

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Amazon (AMZN) Declined Pre-Open, Down 2.3% on TikTok Threat

January 4, 2024 8:41 AM UTC

(Updated - January 4, 2024 8:46 AM EST)

Amazon (NASDAQ: AMZN) Declined Pre-Open, Down 2.3%

Weakness appears to me tied to reports TikTok seeks to grow its U.S. shopping businessByteDance's TikTok aims to grow the size of its US e-commerce... More

Midday movers: Walgreens, Apple, Allstate and more

January 4, 2024 8:00 AM UTC

(Updated - January 4, 2024 12:10 PM EST)

Investing.com -- Main U.S. indexes were mixed on Thursday as investors awaited tomorrows key jobs report.

Here are some of the biggest U.S. stock movers today:

Walgreens Boots Alliance (NASDAQ: WBA) stock declined 6% after the drug store chain reported better-than-expected profit for the first quarter on strength in its pharmacy operations and cut its quarterly dividend in an attempt to save cash.

Ford (NYSE:... More

'Persistent profitability pressure' prompts Oppenheimer to cut PayPal stock's rating

January 4, 2024 6:13 AM UTC

Oppenheimer analysts led by Dominick Gabriele lowered the rating on PayPals (NASDAQ: PYPL) stock to Perform from Outperform.

They noted that Braintree's third-quarter 2023 volume grew by approximately 32% year-over-year (YoY) and is anticipated to remain in the mid- to high-20s medium term.... More

Popular stocks with increasing volume: C SOFI BABA COIN PYPL AAL AMC PLTR PBR NIO

January 4, 2024 5:18 AM UTC

Popular stocks with increasing volume: C SOFI BABA COIN PYPL AAL AMC PLTR PBR NIO

... More

Oppenheimer Downgrades PayPal (PYPL) to Perform, 'Persistent Profitability Pressure Has Us Downgrading'

January 4, 2024 5:13 AM UTC

(Updated - January 4, 2024 5:51 AM EST)

Oppenheimer analyst Dominick Gabriele downgraded PayPal (NASDAQ: PYPL) from Outperform to Perform.

The analyst comments "With Braintree 3Q23 volume growing ~32% YoY and likely to remain in the mid- to high 20s medium term, nearly any non-transaction expense growth... More

Amazon.com (AMZN) PT Raised to $220 at Mizuho Securities

January 3, 2024 4:16 PM UTC

Mizuho Securities analyst James Lee raised the price target on Amazon.com (NASDAQ: AMZN) to $220.00 (from $180.00) while maintaining a Buy rating.

The analyst comments "Our deep dive into Amazons key metrics gives us incremental confidence in the outlook for FY24. For AWS, we... More

PayPal (PYPL) option implied volatility as share price down 4.6%

January 3, 2024 10:52 AM UTC

PayPal (NASDAQ: PYPL) 30-day option implied volatility is at 42; compared to its 52-week range of 27 to 59 as share price down 4.6%.

... More

Block (SQ) option implied volatility as share price down 5%

January 3, 2024 10:51 AM UTC

Block (NYSE: SQ) 30-day option implied volatility is at 47; compared to its 52-week range of 37 to 80 as share price down 5%.

... More

Affirm Holdings (AFRM) option implied volatility as share price down 5%

January 3, 2024 10:50 AM UTC

Affirm Holdings (NASDAQ: AFRM) 30-day option implied volatility is at 82; compared to its 52-week range of 64 to 131 as share price down 5%.

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Analysts are increasingly bullish on Amazon stock for 2024. Here's why

January 3, 2024 7:45 AM UTC

Several sell-side analysts are out this week with previews for this year for the tech sector with one name standing out so far Amazon (NASDAQ: AMZN).

D.A. Davidson analysts raised Amazon stock price target to $195 from $157, expressing confidence in a prolonged growth trajectory across all its business segments.

Analyst Gil Luria, taking on coverage with a Buy rating, anticipates a significant growth ramp, particularly for Amazon Web Services (AWS) in... More

Amazon.com (AMZN) PT Raised to $190 at Wells Fargo

January 3, 2024 7:34 AM UTC

Wells Fargo analyst Ken Gawrelski raised the price target on Amazon.com (NASDAQ: AMZN) to $190.00 (from $165.00) while maintaining a Overweight rating.... More

PayPal (PYPL) PT Raised to $75 at DZ Bank

January 3, 2024 4:26 AM UTC

DZ Bank analyst Wener Eisenmann raised the price target on PayPal (NASDAQ: PYPL) to $75.00 (from $65.00) while maintaining a Buy rating.... More

DA Davidson Starts Amazon.com (AMZN) at Buy

January 2, 2024 4:17 PM UTC

DA Davidson analyst Gil Luria initiates coverage on Amazon.com (NASDAQ: AMZN) with a Buy rating and a price target of $195.00.

For an analyst ratings summary and ratings history on Amazon.com click here. For more ratings news on Amazon.com click here.

Shares of Amazon.com closed at $151.94 yesterday.

... More

PayPal (PYPL) option implied volatility flat

January 2, 2024 10:38 AM UTC

PayPal (NASDAQ: PYPL) 30-day option implied volatility is at 40; compared to its 52-week range of 27 to 59.

... More

Block (SQ) option implied volatility steady as share price down 5.6%

January 2, 2024 10:31 AM UTC

Block (NYSE: SQ) 30-day option implied volatility is at 45; compared to its 52-week range of 37 to 80 as share price down 5.6%.

... More

Block (SQ) option implied volatility steady as share price down 5.6%

January 2, 2024 10:31 AM UTC

Block (NYSE: SQ) 30-day option implied volatility is at 45; compared to its 52-week range of 37 to 80 as share price down 5.6%.

... More

Affirm Holdings (AFRM) option implied volatility flat

January 2, 2024 10:29 AM UTC

Affirm Holdings (NASDAQ: AFRM) 30-day option implied volatility is at 81; compared to its 52-week range of 64 to 131.

... More

Rivian (RIVN) drops in pre-market following 4Q delivery miss

January 2, 2024 8:57 AM UTC

(Updated - January 2, 2024 10:00 AM EST)

Rivian Automotive's (NASDAQ: RIVN) stock experienced a nearly 6% drop in pre-market trading following the release of their latest quarterly production and delivery figures.

Rivian reportedly delivered 13,972 vehicles during the quarter, 10% lower than in the preceding three months, short of the anticipated 14,430 units. This decline is partly attributed to increased interest rates, which have elevated the monthly expenses for electric vehicles,... More

Stephens Upgrades PROG Holdings (PRG) to Overweight

January 2, 2024 8:29 AM UTC

(Updated - January 2, 2024 8:30 AM EST)

Stephens analyst Vincent Caintic upgraded PROG Holdings (NYSE: PRG) from Equal Weight to Overweight.

The analyst comments "We consider Progressive the safest, most conservatively underwritten of the group, with credit write-offs staying firmly within their... More

Popular stocks with increasing volume: COIN NIO BABA SOFI PLTR PYPL INTC AFRM

January 2, 2024 4:21 AM UTC

Popular stocks with increasing volume: COIN NIO BABA SOFI PLTR PYPL INTC AFRM

... More