Today's video focuses on bullish and bearish points for Sofi (SOFI 0.35%), PayPal (PYPL -0.79%), and Block (SQ 6.13%). The stock price of all three stocks has taken a massive hit in the past month. Here are some highlights from the video.
- Sofi has created a strong flywheel effect to attract new customers and cross-sell new products. In its most recent quarter, Sofi added 377,000 new members, up 96% year over year (YOY) and saw a 108% YOY increase in financial products. Sofi has reported five consecutive quarters of profitable adjusted EBITDA, and some investors might see Sofi as an early-stage business, while others see it as a growth monster.
- PayPal has recently revamped its online application in its push to make it the all-in-one financial app. PayPal has also continued to push its buy-now-pay-later solutions, which reportedly saw substantial numbers during the most recent Black Friday sales.
- Block, formerly known as Square, is targeting numerous growth markets. Its two most popular offerings are its commerce solutions and CashApp, its online finance application. Still, the company is also focusing on crypto and blockchain solutions for developers and has Tidal, its online audio streaming platform.
Click the video below for my full thoughts and analysis.
*Stock prices used were the midday market prices of Dec. 17, 2021. The video was published on Dec. 18, 2021.
