QUICK BUY ALERT: PAYPAL (PYPL)

The market has taken a big hit today, and we’d like to take advantage of that opportunity by adding another great stock to our portfolio. This time around, we’re talking about PayPal (PYPL).

PayPal is way down from its highs and has even hit a 5-year low as of June. The company is still, however, the most popular and used external online payment method across Europe and North America. That’s unlikely to change anytime soon. The company’s earnings report for May didn’t impress investors, and since then, it’s continued to trend low. Despite this, PayPal continues to improve its business and has begun integrating AI into its product to create a safer user environment that prevents unapproved and fraudulent transactions.

Truthfully, there’s not much we have to say about this company at this time. We believe it’s incredibly undervalued when compared to past stock and current business performance. With the company also trending amongst investors, they’re bound to see some positive movement in the future, better reflecting their stance as a titan of the internet and payment providers.

We’ve purchased this stock at $66.17.