News – US – Take advantage of the bitcoin buzz with a bullish bet on PayPal stocks

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I finally made it.After months of ambiguity and waiting for a bath that never seemed to come, I decided to buy a little bitcoin

Simple Indolence Until recently, buying it was a problem, I tried it a decade ago, when it was still the Wild West and mostly the domain of geeks and hackers, and there was no consumer infrastructure at the time, and it was just a little too far over my head I gave up

Infrastructure is already lacking.No mainstream stockbroker offers it, and Coinbase is the closest thing to a real broker that you will get

PayPal Holdings Inc(Nasdaq: PYPL) recently allowed crypto trading and that eventually led me to buy some of the cryptocurrency I’ve had a PayPal account for more than a decade, buying Bitcoin using an existing account linked to my bank account is made it painless enough to get ahead

The advent of crypto trading apparently also caught Wall Street’s attention after the move was announced in October, stocks were on fire with PayPal stock hitting $ 300 per share, up 50% since October before it calmed down recently

Beyond the craze for crypto, PayPal continues to evolve into a diversified financial services company Venmo’s mobile platform is the payment method of choice for many smaller transactions among friends (I’ve lost the number of dinner and bar tabs that I come with Venmo) and PayPal continues to gain market share from banks while working with them

It’s a compelling story, but let’s see how it affects Adam O’Dell’s six-factor green zone ratings model

PayPal has an overall rating of 75, which for us is solid in the “bullish” territory and not far from the “strong bullish” territory (stocks with a score of 60 or higher are bullish, and stocks with a score of 80 or higher are bullish, and stocks with a score of 80 or above are bullish for us higher are strongly bullish)

Growth – PYPL is primarily a growth stock at 96 out of 100 which is not at all surprising The company is growing sales by more than 20% on an annual basis It has competition from other fintech firms like Square (Nasdaq: SQ) along with traditional banks looking to improve their fintech game, but PayPal has a solid lead in this area

Quality – PayPal stocks are also of good quality, scoring 90 “asset-lite” technology firms generally rate this metric well because it relies on good balance sheet management and profitability. PayPal has no net debt as it has more than enough cash to repay all liabilities, get solid profitability with a return on equity in excess of 20% and we’re golden

Volatility – I’ll admit I was a little surprised that the PayPal rate, with a score of 90, is as high as the volatility.We look for stocks with low volatility So a rating of 90 means the stock is less volatile than all but 10% of the stocks in our universe. Not too shabby!

Momentum – The past year has been strong for technology stocks, and a PYPL momentum rating of 83 sums it up with the best of the best in technology

Value – Unfortunately, PayPal stock isn’t cheap. It rates a 10 based on value. This is not uncommon investors pay for high quality growth stocks, and most technology stocks rate poorly based on traditional value metrics PayPal is not alone here >

Size – PayPal is a large company with a market cap of $ 330 billion. As such, it rates a big bold zero based on size and scores less than 99% of the stocks in our universe, again to be expected after the move of technology stocks have become giants

Bottom Line: PayPal is a Solid Buy Based on Our Criteria Given the recent weakness it might be wise to wait for that decline to begin before buying any new stock, however, overall, PYPL appears to be a solid stock, that can be held for years, especially during the crypto madness

Charles Sizemore is the editor of Green Zone Fortunes, specializing in income and retirement topics. Charles is a regular on The Bull & The Bear podcast. He is also a frequent guest on CNBC, Bloomberg and Fox Business

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Stocks, Bitcoin, Cryptocurrency

News – USA – Take advantage of the bitcoin buzz with a bullish bet on PayPal stocks
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Source: https://moneyandmarkets.com/paypal-stock-to-buy-crypto/