Wall Street downgrades this fintech name. Here's why Cramer agrees with the call
Publishing timestamp: 2023-09-18 10:43:46
Summary
The article discusses how PayPal's stock declined after MoffettNathanson cut its rating on shares and forecasted "lackluster" gross-profit growth under the new CEO. CNBC's Jim Cramer agrees with this sentiment and advises investors to stay away from newer fintech names like PayPal, instead recommending older financials like Mastercard and Visa. The article also mentions competition from Apple Pay and provides information on the stock performance of PayPal, Mastercard, and Visa.
Sentiment: NEGATIVE
Tickers: PYPL, NVDA, AAPL, V, MA,
Keywords: markets, technology, business news, apple inc, nvidia corp, jim cramer, fintech, paypal holdings inc, breaking news: markets, investment strategy, investingclubsample, stock takes, visa inc, breaking news: technology, mastercard inc,