Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, November 22, 2019

Article Excerpt

PAYPAL HOLDINGS INC., $101.77, Nasdaq symbol PYPL, remains a buy for aggressive investors. The company lets investors tap into the fast-growing field of processing online transactions, including purchases made through the auction websites of its former parent company, eBay. This week, PayPal agreed to acquire privately held Honey Science. Based in California, that firm makes software that automatically searches out and applies any discount coupons on purchases at thousands of affiliated online retailers. Honey then receives a commission when a shopper completes their purchase. There are currently over 17 million Honey users. PayPal will pay $4 billion for Honey when it completes the acquisition in early 2020. The company can easily afford it: as of September 30, 2019, it held cash and investments of $10.5 billion. Using acquisitions to expand adds risk, but the deal should boost investor value. PayPal plans to expand Honey’s technology to its 300 million users. That will help it complete with bigger technology firms, such as Google and Apple,…