4 Stocks I'm Watching This Week as Potential Buys

Could this downturn in the market be providing long-term investors with great buying opportunities?

Today's video focuses on recent stock price action and earnings affecting Meta Platforms (META 1.97%), PayPal (PYPL 2.08%), Square (SQ 0.23%), and Alphabet (GOOGL 2.81%) (GOOG 2.65%), 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 1.26%) 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.

John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Jose Najarro owns shares of Alphabet (C shares), Meta Platforms, Inc., PayPal Holdings, and Square. The Motley Fool owns shares of and recommends Alphabet (A shares), Alphabet (C shares), Amazon, Meta Platforms, Inc., PayPal Holdings, and Square. The Motley Fool recommends the following options: long January 2022 $1,920 calls on Amazon, long January 2022 $75 calls on PayPal Holdings, and short January 2022 $1,940 calls on Amazon. The Motley Fool has a disclosure policy.