Nasdaq AAPL Apple

Growth stocks took a big hit in the market sell-off last year, and within this group, the sector that took one of the hardest hits was online retail (e-commerce) stocks. As the market inches toward recovery in 2023 and inflation concerns ease, investors who focus on purchasing st

Taiwan's Foxconn, the world's largest contract electronics maker and a major Apple supplier, predicted on Thursday strong year-end holiday sales after September sales dropped, coming off a high base for consumer electronics.

The whirlwind success of weight-loss treatment Wegovy is providing a bonanza not just for its developer, Novo Nordisk, but also for its home country of Denmark.

Shares of fintech giant PayPal ( NASDAQ:PYPL ) are down 18% year-to-date and about 39% lower than the 52-week high. Concerns about macro pressures impacting consumer spending and growing rivalry in fintech space, primarily from Apple’s ( NASDAQ:AAPL ) Apple Pay and Alphabet’s ( NASDAQ:GOOGL, GOOG ) Google Pay, have weighed on investor sentiment for PYPL stock. Nonetheless, several analysts see the pullback in the shares as a good opportunity to build a position in the stock and benefit from its long-term growth potential.  Their consensus price target gives PYPL stock a 51% upside. PayPal Poised to See Better Times Ahead PayPal enjoyed a strong run during the pandemic, thanks to the spike in e-commerce and accelerated shift to digital payments. However, subdued e-commerce transactions following the reopening of the economy, macro pressures, and intense rivalry have impacted the company’s performance over recent quarters. In particular, investors are worried about the decline in active accounts and the impact of growth in the company’s lower-margin offerings like Braintree on its profitability. These concerns pulled down the stock despite the company reporting better-than-anticipated second-quarter earnings and revenue. On the positive side, PayPal’s Total Payment Volume, a key metric indicating the dollar value of transactions conducted on the company’s payments platform, grew 11% to $376.5 billion and exceeded Wall Street’s expectations. Also, the company’s cost discipline helped drive more than 24% growth in Q2 2023 adjusted EPS, even as revenue increased by only 7%. The company also issued better-than-anticipated Q3 2023 guidance. Management is confident about benefiting from higher e-commerce transactions once the macro challenges fade. Moreover, the company expects artificial intelligence to enhance its products and aims to attract more customers, given that it has significantly accelerated product innovation.   During the Q2 earnings call, management said that it is in the process of launching high-margin, value-added services and expanding internationally. Is PYPL a Buy, Sell, or Hold? On Tuesday, PayPal announced that customers can now add their Venmo credit or debit cards to Apple Wallet and make payments with a simple tap of their iPhone or Apple Watch. Following the news, Morgan Stanley analyst James Faucette commented on Wednesday that this deal would provide “modest relief to investors,” who were concerned about PayPal losing market share to Apple Pay, given the latter’s faster growth and notable usage by younger customers. The analyst believes that leveraging additional partnerships should be a key strategy that fintech and payment players should pursue to rapidly expand availability and functionality while investing in their core capabilities.   Faucette reiterated a Buy rating on PayPal with a price target of $126. Including Faucette, 20 out of 29 analysts have a Buy rating on PayPal stock, while the remaining have a Hold recommendation. The average price target of $88.41 indicates nearly 51% upside potential. Conclusion Most analysts believe that the pullback in PayPal stock presents a good opportunity to gain exposure to this dominant fintech player. They expect the company to benefit from growth in e-commerce transactions once macro pressures abate and the continued shift to digital payments. Disclosure

Apple held talks with DuckDuckGo to replace Alphabet's Google as the default search engine for the private mode on Apple's Safari browser, the Bloomberg News reported on Wednesday, citing people familiar with the discussions.

The third quarter earnings season is about to start. What should investors be looking for?

Apple said on Wednesday it had released a software update to address an issue, which causes its latest iPhones to run warmer than expected.

European Union antitrust regulators have commissioned a study into mobile ecosystems to help them counter any pushback from Apple and Alphabet's Google in complying with new tech rules.

Alphabet (GOOGL ) is under intense scrutiny as the U.S. Justice Department takes the company to court. The U.S. government’s antitrust case against Alphabet targets the company’s search business, which the Justice Department alleges maintains a monopoly by paying rivals to make its search engine the default search on web...

Investors have had to deal with some tough times lately, and even the Dow Jones Industrial Average (DJINDICES: ^DJI) hasn't been immune to the forces acting on the stock market. On Wednesday morning, however, the Dow briefly saw a bit of a bounce, opening slightly higher after de

The sell-off in the U.S. stock market has deepened in October, and the Dow Jones Industrial Average is now negative for the year. Amid a challenging macro environment, Berkshire Hathaway, Pfizer, and Coca-Cola look like three good defensive stocks to buy.

Google on Wednesday announced plans to add generative artificial intelligence (AI) capabilities to its virtual assistant, and a company executive told Reuters the AI would allow the assistant to do things like help people plan a trip or catch up on emails and then ask follow-up questions.

Apple Chief Executive Officer Tim Cook made $41.5 million after taxes in his biggest share sale in two years, a U.S. securities filing showed.

Wall Street's main indexes were set for a higher open on Wednesday after data pointed to a cooling labor market, while a pullback in U.S. Treasury yields from their multi-year highs also supported investor sentiment.

Morning Markets December E-Mini S&P 500 futures (ESZ2 3) are up +0.24%, and the Dec Nasdaq 100 E-Mini futures (NQZ2 3) are up +0.38%. Stock index futures this morning are moderately higher as bond yields decline. T-note yields are falling this morning after September's monthly ADP employment report showed fewer...

The NASDAQ 100 Pre-Market Indicator is up 63.65 to 14,629.27. The total Pre-Market volume is currently 49,662,259 shares traded.The following are the most active stocks for the pre-market session: ProShares UltraPro QQQ (TQQQ) is +0.3122 at $34.85, with 6,372,328 shares traded.

There's a broad subset of investors with a strong infatuation for members of the Dow Jones Industrial Average. These businesses are well-established, and the stocks often provide regular streams of passive income through dividend payments. Most of these investments pay cash out

December S&P 500 futures (ESZ23) are up +0.18%, and December Nasdaq 100 E-Mini futures (NQZ23) are up +0.21% this morning as Treasury yields retreated, with investors’ focus now shifting to the ADP National Employment numbers due later in the day.

Futures tracking Wall Street's main indexes were muted on Wednesday as investors awaited more data for clues on the state of the labor market, while a relentless rally in long-term U.S. Treasury yields kept markets on edge.