PayPal Stock Shows Promise Despite Recent Dip
58% of Americans are stockholders, with the wealthiest 1% holding more than half of all equities, according to recent research. Around $80 billion has been placed on PayPal (NASDAQ: PYPL), making it a major player in the financial technology sector. The Fintech stock is down over 40% of its 52-week high but offers promising future growth. Businesses, including Venmo, Xoom, Zettle, Hyperwallet, Paidy, and Honey, are a part of PayPal. As of the company’s most recent quarterly report, PayPal had increased revenue by 10% year over year, increased total payment volume by 13%, and increased free cash flow by 4%.
With roughly a trillion US dollars in assets, Blackstone (NYSE: BX) is the largest asset manager in the world. Private equity, public debt and equity, real estate, infrastructure, growth equity, life sciences, opportunistic, non-investment-grade credit, secondary funds, and tangible assets are all examples of the company’s alternative investments. Blackstone reported $226 billion in net inflows during the year, increasing its AUM by 11% in its most recent quarterly earnings report.
The firm expects to expand, as it controls only 10% of the ten trillion-dollar market, and shareholders can anticipate high dividend payments, as the stock already yields about 4.7%. With a market cap of over 112 billion dollars and a dividend yield of 3.2%, Medtronic (NYSE: MDT) is a medical equipment industry behemoth. The corporation spent $2.7 billion on R&D in 2016, employing roughly 13,000 scientists and engineers. It also has nearly 50,000 pending patent applications. Medtronic’s transcatheter aortic valve, cardiac pacemaker, and diabetes management product lines performed well in the company’s second fiscal quarter.
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