Year to date, tech stocks are still on track for a banner year, but some of the air in the rally has come out over the last month or two. Enthusiasm about artificial intelligence (AI) may have peaked, and the Federal Reserve has promised to keep rates higher for longer, likely slowing down the economy further. Few tech stocks have performed worse than PayPal Holdings (NASDAQ: PYPL) lately.
Fool.com contributor Parkev Tatevosian highlights two of his top picks for growth stock investors. *Stock prices used were the afternoon prices of Sept. 27, 2023. The video was published on Sept. 29, 2023.
To say that PayPal Holdings (NASDAQ: PYPL) stock has disappointed investors the past two years would be a major understatement. Let's take a closer look at what investors should know before deciding to add the fintech stock to their portfolios. The most obvious event that could push PayPal's stock price up in no time is if the company reports stellar financial results for the three-month period that ends Sept. 30.