More reason why I fade consensus “smart” plays like $PYPL.
Just like $XYZ yesterday, the CFO use...
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Note: AI-generated summary based on third-party content. Not financial advice. Read more.
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PayPal Holdings Inc (PYPL) dropped 2.64% to $61.24 on December 3rd, following negative forward-looking statements from its CFO at the UBS conference. The author suggests fading the consensus "undervalued" narrative on PYPL due to its slow adoption of growth opportunities like crypto and a declining core business take rate. This indicates potential continued downward pressure on the stock.
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About Beanie
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By beaniemaxi
Crypto native since the early days. Went all in on DeFi summer. Then tripled down on NFTs. VC @gmcapital_. No paid promos. Not financial advice. I talk my book.