PayPal is better positioned for future performance than the recent stock price action might indicate.
PayPal (NASDAQ: PYPL), Airbnb (NASDAQ: ABNB), and Costco Wholesale (NASDAQ: COST) are three great stocks to buy with $5,000 in the market sell-off now. PayPal was one of the first tech stocks to get crushed in the current sell-off after it released a disappointing 2022 outlook in its fourth-quarter earnings report. Macro trends are shifting at a rapid pace, and PayPal did a complete turn from being at a peak to now slowing down.
As a result, shares of Wix.com (NASDAQ: WIX), Zoom Video Communications (NASDAQ: ZM), Pinterest (NYSE: PINS), and PayPal Holdings (NASDAQ: PYPL) have fallen to record low valuations. Wix offers a variety of software solutions so that individuals and businesses can create and monetize an online presence. Wix is growing more slowly at the moment but its customer retention rate is still stellar.