PayPal tumbles 12%, eyes lowest close since 2017 and more | May 10, 2023

The stock, last trading at $66.45, was set to record its lowest closing price since October 2017....  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Wednesday, May 10, 2023 [Yahoo Business]() [PayPal tumbles 12%, eyes lowest close since 2017]() The stock, last trading at $66.45, was set to record its lowest closing price since October 2017. PayPal late on Monday estimated adjusted operating margin expansion of 100 basis points this year, compared with its earlier forecast of 125-basis-point growth. PayPal said in January it was cutting 7% of its workforce, or about 2,000 employees, joining... [Read More]() [Yahoo Business]() [Rivian Kept Its Production Guidance. Its Stock Is Rising.]() Tuesday evening, Rivian reported a per-share loss of $1.45 from $661 million in sales. Wall Street was looking for a loss of $1.79 a share from about $664 million in sales. [Read More]() [Yahoo Business]( [The Fed (Maybe) Finishes Hiking Rates]( Find the latest Target Corporation (TGT) stock forecast based on top analyst's estimates, plus more investing and trading data from Yahoo Finance [Read More]( [Yahoo Business]( [Daily Spotlight: Argus's Favored Classes, Segments]( Find the latest American Water Works Company, I (AWK) stock forecast based on top analyst's estimates, plus more investing and trading data from Yahoo Finance [Read More]( [Seeking Alpha]() [Pitney Bowes gains as shareholders elect Hestia board nominees (update)]() Pitney Bowes (PBI) rose 7% as shareholders elected four board nominees proposed by holder Hestia Capital Management. [Read More]() [All Star Charts - JC Parets]() [Swing Trader Pro: Afternoon Briefing (05-09-2023)]() From the Desk of Kimmy Sokoloff The market was in a standstill today, awaiting the CPI print on Wednesday. The indices held on. Tomorrow might give a clearer picture near term. Here are today’s trades: I shorted $SHOP on May 8 at 64.97 and 63.50 and covered today at 63.01. I bought $SNOW on May [Read More]() [Yahoo Business]( [PayPal Stock Falls. Growth Is Coming at a Price.]( PayPal tops first-quarter expectations but lowers margin guidance. [Read More]( = [The Wall Street Journal](=) [FTX Founder Sam Bankman-Fried Seeks Dismissal of Criminal Charges](=) His lawyers said the charges were flawed, blaming the Justice Department’s rush to indict after the crypto exchange’s implosion. [Read More](=) [The Wall Street Journal]() [ChatGPT Is Causing a Stock-Market Ruckus]() It is early days for so-called generative AI, but the tool has caused a stir. Investors race to assess the rise of artificial intelligence as a possible “iPhone moment.” [Read More]() [MarketWatch]() [Movers & Shakers: Palantir shares jump as company registers profit surprise while PayPal stock slumps]() Here are some of the biggest movers of the day: [Read More]() [MarketWatch]() [Earnings Results: Cutera stock slides after earnings; company appoints interim CFO, reaches board deal with big...]() Shares of Cutera fell hard after hours on Tuesday after the maker of skincare and body-sculpting devices reported weaker quarterly results than expected. [Read More]() = [MarketWatch](=) [Earnings Results: Palantir stock roars more than 20% higher after second straight earnings surprise](=) Palantir Technologies Inc. delivered a surprise profit for the second quarter in a row Monday, while also topping revenue expectations. [Read More](=) [MarketWatch]( [Market Snapshot: U.S. stocks trading lower as debt ceiling talks, inflation data loom]( U.S. stocks are trading lower early Tuesday afternoon, with investors in a cautious mood ahead of White House talks later Tuesday on the debt ceiling and inflation data Wednesday. [Read More]( [MarketWatch]( [The Ratings Game: Fisker cuts production, posts wider loss than expected]( Shares of Fisker Inc. fell more than 1% Tuesday after the electric-vehicle company cut its production outlook for the year and logged a wider loss for the latest quarter than analysts expected had been anticipating. [Read More]( [The Wall Street Journal]() [China's New Hot Stocks Are State-Owned Banks and Brokers]() The stocks appeared to play catch-up with a broader rally among state-backed enterprises this year. [Read More]()  = = Trade Stocks 580 Broadway Street, Suite 201B, Laguna Beach, Ca, United States, 92651 All Rights Reserved © 2023 [Terms & Conditions]() | [Report](=) | [Privacy Policy]( | [Unsubscribe](=) | [Contact](