PayPal Holdings Inc (PYPL) is trending today, as the stock sinks from yesterday's rebound. The dailty price is on bearish breakdown by crossing 92.25 support level to below for the string bearish trend to be continuing. Alternatively, the price may be bounced from support level to above for the secondary ranging market condition to be started. more...
A strong January has lifted many stocks that are riding the market's coattails. Since there are significant market risks, I have been looking for companies that have such strong fundamentals that they can move up even in a down market. Wayne Himelsein, one of my managers, says PayPal fits the bill - "The market has an amazing way of carrying all its constituents along with it. And for good reason. Good broad economic news trickles through ...
Chinese CPI dropped below 2% - Danske Bank Analyst Anders Fischer at Danske Bank noted the sharp drop of Chinese consumer prices during April. Key Quotes “In China consumer price inflation in April dropped markedly to 1.8% y/y (consensus: 2.1% y/y) from 2.4% y/y in March and inflation in China is now at the lowest level since October 2012”. “The drop in inflation in April was mainly driven by lower food prices. Food-price inflation is likely to ...
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