Member-only story
Two Growth Stocks to Buy in December
As the year 2021 comes to a close, some investors look back on their performance. I prefer to look forward and hunt for investing chances. PayPal Holdings (NASDAQ: PYPL) and MercadoLibre are two securities I own and want to add to my portfolio in December (NASDAQ: MELI).
Both companies’ stock values are down roughly 40% from all-time highs, despite the fact that their operations are doing well. Why are two well-known brands unable to give returns to investors recently?
1. PayPal
PayPal is a payment platform that handles both consumer and commercial transactions. It also owns Venmo, a popular money-transfer app, and Honey, a browser extension that saves consumers money through automatic coupon searches. Throughout the epidemic, the tailwinds of e-commerce and digital payments blew hard, and PayPal benefitted considerably.
One area where bearish have focused their attention is eBay’s (NASDAQ: EBAY) shift away from PayPal. Although eBay used to own PayPal and was the exclusive payment processor, the arrangement has been terminated. However, eBay’s payment volume accounted for just 3% of PayPal’s overall third-quarter volume.
Payment volume increased by 26% to $310 billion in the third quarter, bringing PayPal’s trailing-12-month volume to $1.2 trillion. By excluding eBay…
