PYPL Dec 2024 72.500 call
| Previous close | 3.7000 |
| Open | 3.8000 |
| Bid | 3.5500 |
| Ask | 3.6500 |
| Strike | 72.50 |
| Expiry date | 2024-12-20 |
| Day's range | 3.6000 - 3.8600 |
| Contract range | N/A |
| Volume | |
| Open interest | 879 |
- Yahoo Finance Video
Nvidia earnings, housing market outlook, BNPL regulatory pressure: Market Domination
On today's episode of Market Domination, Yahoo Finance hosts Julie Hyman and Josh Lipton break down the trading day's biggest stories and latest trends. Nvidia (NVDA) topped earnings expectations and announced a 10-to-1 stock split. Will McGough, Director of Investments at Prime Capital Investment Advisors says the company's AI play "has huge implications across multiple markets." RBC Capital Markets Software Equity Analyst Rishi Jaluria adds, "80% of CIOs are telling us that they are either currently in production or expect to be in production with AI over the next 12 months, so the appetite is real, the use cases are real." Macquarie Head of US AI and Software Research Frederick Havemeyer notes that cybersecurity companies will benefit from the AI race, pointing to CrowdStrike (CRWD), which he believes will see growth as the competition heats up. New housing data reveals that April home sales fell below estimates, declining more than expected: a 1.9% drop month over month. Realtor.com Chief Economist Danielle Hale expects the real estate market and buyer activity to "ramp up" with every mortgage rate dip but forecasts a "slow comeback" overall. Goldman Sachs upgraded Shopify (SHOP) to Buy from Neutral, raising its price target on the stock to $74 from $67. Meanwhile, Citigroup downgraded Hims & Hers Health (HIMS) to Neutral from Buy and raised its price target to $20 from $16. Buy now, pay later (BNPL) stocks (AFRM, PYPL, SQ) are under pressure after the Consumer Financial Protection Bureau proposed a new rule that would force lenders to adhere to the same consumer protections as credit cards. This post was written by Melanie Riehl
- Yahoo Finance Video
Phantom debt is having a 'seismic impact' on consumer credit
US credit card debt hovers around $1.12 trillion for the first-quarter of 2024, according to the Federal Reserve Bank of New York, also finding 15% of Gen Z consumers to have maxed out their credit cards. Parallel to consumer trends, retailer Macy's (M) reported credit card delinquencies to have risen 8.9% in the last year while more "buy now, pay later (BNPL)" borrowers are late on their payments. Splitit CEO Nandan Sheth sits down with Brad Smith on Wealth! to discuss the "phantom debt" in credit markets perpetuated by BNPL plans. Phantom debt is traditionally characterized as old, forgotten, already defaulted, or debt that does not exist that collectors still seek repayment for, which in this case is specific to BNPL payments that aren't closely monitored by credit agencies. "We just did a survey and it noted that one-third of individuals that sign up for a 'buy now, pay later' plan do not know that they're originating a new loan. And as you know, those plans are not being reported to the credit bureaus, so it's hidden from the ecosystem," Sheth says. "You probably also noticed today... that the CFPB announced that they're going to regulate 'buy now, pay later' on par with credit cards, which tells you that we need more responsible lending in this space." For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Luke Carberry Mogan.
Barrons.comAffirm, PayPal, Square Stocks Are Dropping. A New CFPB Rule Could Be Why.
A trio of payment stocks were trading lower Wednesday after the Consumer Financial Protection Bureau issued an interpretive rule that confirms “buy now, pay later” lenders are credit-card providers. Affirm Holdings dropped 6.7%, while PayPal Holdings slipped 3.2%, and Block fell 5.9% in afternoon trading. BNPL lenders “must provide consumers some key legal protections and rights that apply to conventional credit cards,” according to the CFPB.
