Today's video focuses on recent stock price action and earnings affecting Meta Platforms (FB +1.81%), PayPal (PYPL +1.96%), Square (SQ +3.77%), and Alphabet (NASDAQ:GOOGL) (GOOG +2.00%), four stocks I am keeping my eye on this week. Here are some highlights from the video.
- Square reported seller gross payment volume (GPV) of $41.7 billion for its most recent third quarter, up 47% year over year (YOY). The growth was driven by the increase of GPV from sellers with over $125,000 of annualized GPV. GPV could continue to increase as Square provides new seller solutions internationally. In September, it released numerous omnichannel solutions in France.
- PayPal reported total payment volume (TPV) of $310 billion for its most recent third quarter, up 26% YOY. Venmo TPV is $60 billion, up 36% YOY. TPV growth could accelerate, as Amazon (AMZN +0.26%) will accept Venmo as a payment solution starting in 2022.
- Google and Facebook are two companies that continue to show strength in the advertising market. As the market continues to sell off, a haven for investors could be megacap companies with plenty of cash, cash flow, and earnings as well as low debt.
Click the video below for my full thoughts and analysis.
*Stock prices used were the midday prices of Nov. 30, 2021. The video was published on Nov. 30, 2021.
