i'm humble about paypal.if it is anything like square, the stock is not trading like a great quarter. it is horrible from the get-go today. let's check out the chart. past swings in the stock and then running the swings through the ratios, a magical series of number discovered by leonhardy fibbinochy you have would have to ask a physicist why they show up but you could know that something works even if you don't know why it works. when it comes to paypal, the methodology gives her two key areas that stand out in terms of price. there are the 224 range below where the stock is trading an the 199 to range and when she finds the relationships in the roughly the same place, you're likely to get a floor of support. or it could be a ceiling of resittance if you're looking upside down. the stock is likely to change the trajectory trying to find out if the trajectory would change. all the way to 255 and then it might run out of juice. but brawn's method doesn't apply to the y axis of the chart, price. you could do th

paypal turned out to be a gigantic success, later sold to ebay. what was your job at paypal?hen peter thiel and max lefton started paypal, they each invited the friend who most understood and had the entrepreneurial experience on the board. that was me for peter. then after a year of being on the board, i was thinking of starting another company. peter said, no, come join paypal full-time and help us, because you have been helping us so much on the board and you understand this stuff and we have so much to do. paypal was an early blitz scaler. it's theory was that it would be a bank. that was not a workable theory. so we had a great customer acquisition engine, but how do you redefine the payments, with os with something that was in front of it even as it was exponentiating it's burn rate. so i joined paypal, stepping off the board. david: paypal was ultimately sold to ebay for about $1.5 billion or so. you got your share of the profits. he then became an angel investor. for those who don't know what an angel investor is as opposed to a devil investor what is an , angel inves

this is one of those names paypal has accepted by 75% of the 1500 largest merchants in the world. 416 million active users right now including 383 million of them are consumers this is the most accepted digital wallet that exists and they are transforming from just being payments into what we call financial super apps there's only going to be room for a couple of financial super apps that do everything from lending, trading and insurance and paypal has a shot to be that most consumers don't have seven apps on the front page of their iphones. qr code business, payment by qr code, by gangbusters buy now, pay later this thing is in its infancy, there are opportunities that don't want an all-time ridiculous high. this is the type of thing that if i'm not exposed enough to large-cap growth that's somewhere where you can look. >> carrie, he's speaking your language now >> i love it i love it. >> exactly yes, i dolove you, and i thank you for that because paypal is a buy here we have owned paypal for years we have sold it and we think it's attractive and the market right now punishes anythin

we'll see what it means for paypal's bottom line >> thank you, kate rooney covering paypal for us dan nathan, what do you make of this >> yeah, i think we've been talking about this since thata s ago, about them paying $45 billion for pinterest. i'm not sure what sense it made for paypal we know some of these trends that accelerated during the pandemic are decelerating. one of the issues with a valuation they have, how do you get those going again? new partnerships are great, but i'm not sure about buying a platform like pinterest. i guess it's disappointing when they say this amazon deal should help, pay with venmo is going to important i'm not sure it makes sense on a platform where you have ten different ways to pay on amazon. it's going to be very competitive. to me, that just seemed to be a bit of window dressing the stock is at a very crucial spot, down 27% from recent highs. and really in this kind of 230 level or so, it really looks like there's room to the downside if it doesn't find some puts here. >> your kathoughts, karen, on either paypal or this move to equities >> i don

my job is to be sure that paypal stays focused and executes on its game plan.ny tailwinds in our industry. i mean, ecommerce is growing by leaps and bounds, clearly, the pandemic accelerated that. paypal is outperforming the industry consistently. quarter after quarter after quarter. tapped way that i think about it, jim, is, you know, if your results are good, you are executing against what you say you are going to do. then eventually your stock isn't valued, appropriate with your results. >> i agree with that >> when i look at how we're doing on buy now-pay later, it put us at the very top of the heap of that right now in terms of our growth rate in terms of our scale, in terms of our impact. in terms of our value proposition. if you look at our core business, x ebay >> right >> that is going away. that is one time, the pig through the python is definitely going away you got a core business, incredibly strong and incredibly consistent as well then you look at all the new things that we're putting into place. our new app, which is a driving engagement we had t

thank you, mike santoli. >> one mover to watch is paypal.gs out of square and short-lived acquisition targeting pinterest. is the selling overdone? darren peler covers fin tech and joins us this morning. hey, darren. good to see you. >> hey, thanks for having me. >> when do you think paypal can shake off that pinterest report? >> you know, it's a good question i think a lot of investors really want to see that fundamentals are still really strong first and hopefully get some of the sense of that tonight. and then i think some long-term investors really want to check in with management again after those headlines. and kind of just take their pulse on what they're ana strategy is before they get back into the stock in a big way. >> do you think it's specific to paypal or are there sort of lingering curiosities about models at square and maybe some of the legacy credit card processors. >> look, that's a great point. i mean, there's been a real bifurcation looking at the new names and what a lot are considering the legacy stocks. look, the good

earnings stock higher now kate >> mixed quarter for paypal lowering guidance.ing a deal with amazon. paypal is teaming up with amazon to enable customers in the u.s. to pay with venmo at checkout. back to the core numbers mixed here revenue up 13% to 6.18 billion that was light a miss there revenue growth excludeing ebay 25% and still a drag on the growth eps at $1.11 adjusted. that's a beat. 26% growth venmo with $60 million of the total transaction volume more than 80 million users on venmo. an update on total numbers there. the take rate, that is a key metric for analysts, 1.8%. the total take rate there and 1.9% or the transaction take rate 1.8%. lower than analysts looking for. disappointment there ebay a drag. the stock up more than 3% after hours. back to you. >> for sure. definitely something that's likely to be moving the stock higher l let's bring in a guest is the headline there that the venmo amazon tie-up? >> the headline is positive. the numbers are in line with the peers. in general this quarter quarterly earnings season for fin fintech is trauma

well i already own paypal.come aboard, jim, the waters are warm over here i already own paypal, and i think that the sell-off in the stock which was caused by the commentary around ebay and the challenges there has been overdone and so when you have a company that clearly the market has sold off in earnings you need to look at the technicals so jim's entry point is really solid because if you go back a year, the stock has re-traced all of the back to the september-october 2020 price level which is a good support which is around 203, 204 so i want to wait a couple of days and see if this holds and i think is a wonderful company we know paypal has over 400 million accounts and venmo to me is so exciting and not only did they sign up with amazon and i think starting in the beginning of the year, but venmo alone has 76 million accounts and i think that's more than citigroup venmo also transacted over 60 million in payment volume which was up 36% so i think there are really good, sunny skies on paypal, and i want to

what is the playbook now a downgrade for paypal and roku while amazon and peloton named as fresh picks bigger than ford by market cap elon sells more tesla shares and we'll dive into the valuation debate there, d. >> we'll start right here one market the tech sector coming off a close and what do you do now? a lot of analysts ideas today, but perhaps the biggest goldman names top pick for next year thrilled, jim, to have you back. we have to make this a regular thing. >> i'd love to fascinated to hear your thoughts on this in light of the retail earnings we had in the last few days >> i had this epiphany when you look at the 350 companies that came public during the 12, 13-month period people thought, you know what, let's bet on a dozen of them. at least six or seven. the only one that came through was amazon in a big way that was born before that period. once again, amazon is the one that you want to bet on. that's because it keeps moromorphin into other companies and different things that was abouted av ed advertis. obviously, we have retail that started with books retail is very pow

. >>> paypal turns around.dia rips higher again, dee. >> carl, we led yesterday with losers we'll start today with a huge winner, roblox shares are surging after seeing revenue more than double year over year alongside of boost and daily active users the company overcoming a speed bump from last month after a three-day outage led to an estimated loss of $25 million worth of bookings, excluding $6 million that arrived during the outage itself. comes amid recent boost for chip makers fueling the metaverse like nvidia and amd as well as unity. guys, many people were expecting a dropoff here like we've seen the likes of peloton and zoom, but you know, as kids went back to school but roblox has seen the numbers increase i know talking ad nauseam about the metaverse, but here is the play, right? you talk about concerts in the metaverse that are already happening, not so far off thing and brand getting into it like netflix and vans in terms of roblox metaverse there's a lot already happening while some others are talk

kate rooney watching paypal's results tonight.0% this year, 42% off the two-week high. unlike game stop, going in all in with the trading base with the ceo shouting the aprils out occasionally announcing plans to accept crypto for tickets let's bring in julia boorstin. how much do the old-fashioned earnings numbers matter here >> i can't tell you how much the old-fashioned earnings numbers will impact what happens with the stock because it is such a meme trade, but there are so many questions about the fundamentals of this company i mean if you look at just what is expected for third quarter results, the company is expected to report over $700 million in revenue. for the fourth quarter, which is more important in terms of the films to be released it is expected to report $1.1 billion in revenue but it is still losing money, estimated 53 cents per share loss but there are fundamental questions we don't have answers to yet one is whether audiences will ever come back to theaters in the same numbers they did before the pandemic and a

consumers using paypal more often is still a secular story we're down 30% on paypal since july here.ificant correction and really with this buying now and pay later phenomena that's gone out really, we think they play on that very well as well between venmo and their other components, we've seen 20%, 25% growth long term and we're buying it now. >> when you look at other choices that would be docusign, that's at part a stay-at-home play, because it let commerce come forward even though you couldn't meet person to person that's one person i have the other thing is a valuation on a company that seems rich for what they do, but maybe not. >> yeah, i think your first story is absolutely accurate that it was a stay-at-home play. here's the thing i don't think we revert back i think people are going to get used to using electronic signing as their standard methodology going forward. rather than reverting back to paper, once we start meeting in person again i think docusign is the way to go, the ease of solution of getting paperwork to people and having them sign back is something we'll con

i can't recommend paypal here today. i can't. i didn't if you remember the club the macro picture is too dicey and murky. i expect you get a better chance to buy this stock which is why the travel trust is waiting to go lower our investment club will keep an eye on it for you. if it does, then we'll probably buy some but we can't yet. i want to call in the overall market because this paypal stock is no longer strong enough to buck the overall trend mar maricopa i thought the company would be st stronger than this how about nvidia the stock was initially up huge for premarket trading and i hate when that happens or reverse so now though it's down. buying opportunity no, too vulnerable there we don't want be a second keynote tomorrow people bought it today at the top. they'll bolt, that's what happens. those people who picked some up right here, they're wearing it hair, that guy is wearing nvidia you take it off at the end of the day. a stock that climbs endlessly like nvidia or paypal. how about amd, another long time cramer's fav

jorge: si es de usted las personas que utilizan paypal para pagar, las cosas puede que cambien porque rentas internas sobre los pagos realizados a una sola persona que pasen de los $600 al aÑo. esto afecta el que recibe el pago, no al que lo hace. >> esto significa que el gobierno federal tendrÁ acceso a las transacciones que se hicieron durante el aÑo. vilma: nÉstor cortÉs dice que muchos de sus clientes prefieren pagar usando esas aplicaciones. >> las aplicaciones entraron de moda a partir de la mar pandemia porque la gente no querÍa tocar el dinero ni pagar a crÉdito, presentaron capital—- >> esto se hace porque mucha gente ha notado que no reportan todas las transacciones y quieren recaudar mÁs impuestos. vilma: dice que quiere que le paguen por esas aplicaciones y no con tarjetas de crÉdito porque le cobran caro el servicio.que le estoy dando de ganarla procuradora es otra cosa, pero yo pago el impuesto. no importa quÉ tan sencillo sea el trabajo que usted haga, si le pagan a travÉs de aplicaciones, tendrÁ que rendir cuentas. la mayorÍa prefieren pagar por tarjeta de crÉdito o ap

mastercard, visa, pay balance a -- paypal and global are old, new is affirm and more, so paypal is now seems hard to imagine that it could be lumped in with old >> now, let me just go back to the real world dan shul man runs paypal he's the best there is the idea this company is falling apart, it's really -- >> they may -- and we talked about this a few weeks ago. >> it's big. >> a truly emerging force. >> a lot of ipos are coming, and paypal has become a source of funds. in my defense, since i've been completely wrong on this that dan shulman, he's not say my stock goes down every day, why, why? it's a great company. >> the pinterest thing did throw people sometimes it can be seen as a sign, like, what are they thinking and why are they thinking it? particularly when they articulated -- >> you just did it that's why it's going down dan shulman lost his mind? he might have lost his mind had he bought it, but the stock is not going up -- i mean, it's going down almost every day since they announced the deal. the chartable trust owns it, been wrong a lot of money manager comes on, they'v

robinhood, paypal, ford also in the news pete, i'll begin with you. you have the nasdaq up, the s&p up eight days in a row and there's that thing that i mentioned, the vix starting to rise a bit what's the message in that, do you think? >> yeah. i think over the last couple of days we've been watching that volatility index elevate more, if you go back yesterday and look at it, we've started to see that movement despite the fact that we were in a positive market we had the dow that finished up 100 points and we were positive on the nasdaq and yet the volatility index was growing to the upside we're seeing it more so today and with this move to the downside, particularly on the dow and now you have the nasdaq participating to the down side, as well. i think it starts to tell us that everything is great, you know, that we're looking at, but you know, we've had this incredible run and at some point if the new stories aren't as positive as they have been, obviously friday we had that late news about the -- [ no audio ] >> we'll work on pete's audio. steph,

they destroyed paypal. >> paypal is not going well. if you own it.nless you short it -- there was an expectation it might rebound once they abandon this idea to buy pinterest. >> we're going to have to spend a lot of time on this. >> rbc, 298. >> you got to slow down and you blame back to school when back to school was the strongest it's ever been. it's not zillow. >> it's funny how the moves that we've had in some of these stocks, up or down, have been incredible it feels -- >> when you get dropped off the list of what was bought institutionally, like peloton, day after day where it goes down. >> peloton has news today. >> i think they're up today. >> yeah, rolling out this new set top box for 495 called the peloton guide. new heart rate band. a new voice assist as they try to come back from what's been a very painful week. >> much to do about nothing. kind of like the venmo deal. i want good earnings i want acceleration in growth, not a decline in growth. >> i want to get you on horton 370 beats 339. revenue up 27. they're restricting sales orders

charles: you like paypal. i'm in paypal. i got in a little early. on? why are payment stocks getting slammed all of a sudden. they looked oversold. >> i just added to my paypal portfolio. my original position is a little underwater. i gone in added a bit more of a 8% decline in the stock price roughly over the last week or so i think paypal is suffering the buy now pay later memes calling into question whether paypals of the world are innovating quickly enough to keep up with the new trends in fintech. i'm still a believer. you have 52 venmo users for young adopters. they want global growth. i added value recently. charles: everyone got so nervous talking about kicking the tires of pinterest. was it pinterest? maybe they would overpay for pinterest maybe there is something wrong with the company. they're trying to get over that. ann, have a good thanksgiving. we'll talk to you again hopefully very soon. >> thank you, charles. charles: wall street superstar cathie wood says inflation will pass. now pointing to a key metric she thinks will actually he

. >> let's talk paypal for a second shares are down more than 10% in a month. the bell, we'll give you the trade on that, next. ♪♪ in boxing or any other business, one day, you're gonna take a hit you didn't see coming. do you stay down? or do you get up? [announcer] and this fight is a long way from over, leonard is coming back. ♪♪ ♪♪ >>> paypal shares are higher today. the stock was reiterated overweight at morgan stanley what do you think's going to happen today jump-start the stock again >> i hope so it was purchased at the end of april at 260 we need to hear what the net new actives are going to be. that should come in around 13 to 14 million hopefully, scott, square did paypal a little bit of a favor here with some of the post earnings disappointment that was reflected there. i want to hear from dan schulman what the acquisition strategy is going to be moving forward just paid 2.7 million for pay now, pay for it later, buy it now company and obviously the interest in social media platform, pinterest, seems to have this marriage at some point. i hope it's

venmo which paypal bought in 2013, the app processed 60 billion in payments during quarter but paypal really struggled to make money, the whole payment sector is struggling, pay pal, square, visa, mastercard, are all trailing the s&p and nasdaq this year. we do have this breaking news. we are seeing a big move higher in the wall street fear gauge. take a look at the vix. it's jumping 4%, it was up 6% earlier, that's the fourth day in a row that this fear index has been climbing and stocks are kind of reflecting investor angst here, all three major indices are heading back down towards session lows; however, they are off certainly session lows especially for the dow. s&p is on track to snap a nine- day win streak, look the bulls could simply be taking a breather, or they turn tail on the hot inflation reading we got today. the october producer price index , which gives us a sense of wholesale inflation, rose six- tenths of a percent in october but it's the year-over-year jump of 8.6%, that's the highest read on record, that has people turning their heads. some of the most popular momen

paypal they're all negative focusing on the bitcoin revenue and the fact that their cfo said that they wouldn't necessarily look to put other crypto currencies on the platform kind of tells you that square isn't sort of in this meme stock or meme coin phrase. they got their start and they expanded so much into financial services and fintech and buy now, pay later is a big theme for them they don't need that meme stock or crypto revenue. >> which is why it is so curious still and to this day, julia jack dorsy's sweet about hyperinflation when it came out a few days ago the working theory was well, maybe seeing through some of square's metrics that playing out in the broader economy but that tweet in particular is going to act as a bit of an overhang for those who are trying to dive into square's internals. >> yeah. and i did think it was really interesting that square effectively blamed bitcoin as you mentioned, deidre, for its miss the rest of the companies exposed to bitcoin do not seem to be suffering today. you have to wonder how important bitcoin is going to be for square going for

look at paypal we have been talking it's down 19% of the year.tocks, visa and mastercard down about 10% this those are comcombined. throw in how square acted today and you say, something is going on here. i don't know what it is but something bad is not, we don't know what it is yet. the s&p is up 24% of the year. a lot of these other banks, they act really well here i don't know you guys tell me what's going on these not dips i feel like we're ready to buy yet >> do you think it's all the same they are different companies maybe paypal has a host of other issues with the skepticism surrounding the proposed basic acquisition that happened. >> yeah, there's a couple of different things you have when mastercard and visa and american express are under tremendous pressure from fintech. their fees will go down. we know that on the long term basis, it's not a great business model when you talk about paypal and square, those are you fin tech competitors and they still aren't doing well. you have to ask is this telling us something about the consumer or i

they'd also like to hear paypal reconfirm their five-year guidance, paypal gave a five year outlook earliers year pinterest made investors nervous maybe there is an underlying weakness in the business we can't see but they can see and as a result, they are trying to cover it up so to speak. i don't think that's true personally but that's what's creating weakness in the stock right now so hopefully they will come out with a strong perspective. charles: that's a great explanation and makes sense. but, the meta- verse and buy now pay later, are they going to work together? [laughter] >> the meta- verse, it's exciting because our payments companies from their view, from a payments perspective, meta- verse is like the next generation of payments, it's like what ecom was to brick-and-mortar, it opened new avenues of commerce that are digitally native and only digital, doesn't require physical goods so they see it as opening up micro payments, and fts, payments for digital goods and see it as another front tier, they are excited to be the commerce infrastructure that facilitates commerce in the me

paypal is profitable different story. been where the market has been gathering most up sooird impetus but i think you have to take note of the roblox move and aggressive separation of winners and losers in the markets and take back the amounts in a big bite, too. >> i think you -- never mind >> let's get to coinbase which is just crossing kate >> coinbase shares getting hit here after hours with a miss on revenue. $1.31 billion. lower than expected. net revenue $1.23 billion why gap eps which we are not comparing to estimates coming in at $1.62 monthly active transaction users, 7.4 million down but up from the prior year. verified users increased to 73 million. transaction based revenue 88% of total revenue. down from the prior quarter subscription and services revenue grew to about $145 million. trading volume down from the prior quarter. seen a slowdown at 328 billion coinbase shares getting hit down now more than 9% after hours. >> thank you another one where you don't want to miss given the multiple. >> for sure and t

obviously paypal missed had weak guidance. that sent the stock tumbling.io bums. paul weinstein joins us now. paul, both names. take your case paul, can you hear me? >> i can hear you. liz: make your case for paypal and disney. >> -- liz. disney obviously is a reopening trade. i think revenues will come in line. we do actually expect as the pandemic kind of you know, shows us a little bit more clarity, i think you know, disney is a good place to have. obviously a reopening trade. great success. paypal again is one of those stocks you know, it also depends on guidance. guidance from the company. not necessarily whether top line, bottom line growth meets or exceeds expression tastes. it comes down to, basically what they have done in the crypto space and what they have done with venmo it make as strong case to have it in the portfolio. for us use it as opportunity at the tail end of the year to take some risk off the table. we've done that across the book. you've seen that across a lot of portfolios. right now money managers have been overweight because thes

paypal was more unique than visa in that the valuation got ahead of itself.t's been hit so hard that if this continues we'll probably need to start building up that position again but, we like the long-term sector we recognize some of the disruption that's going on in the payment space. we think these companies are going to be able to handle it. we'll let the valuations come to us if we want to build more from here >> david, we're talking about a lot, about what's not working this morning the high growth, zoom, some of the payments but you know, s&p and nasdaq are still really, really close to all-time highs and that can't be all, you know, kind of megascale tech what is working the way you look at the markets and your holdings and why? >> well, again, when i look at some of the better stocks that have performed outside of the tech and our portfolio and just on a real short-term basis just looking at the screen today on what's green and what's red is getting hit hard in tech, we have -- we only own 20 stocks but a little diversification goes a long way. we ow

paypal kind of an incumbent not a disrupter.f chipped away and also the fact that sort of this bundled ecommerce experience is bad for them one element of that analyst downgrade, the ease of the kind of auto failure credit card information on an app, it's never getting to paypal, you're not going to the button because your phone or your computer knows. all these things suggest that just the valuations are too high it's not that they're going away it's that they have to find a way around some of those barriers >> i was going to add to your point on that. yes, they pull back a bit of late but in terms of the era of fintech being a threat to traditional finance players. the banks have had to compress valuations over the last decade. whereas mastercard and visa have been massive beneficiaries of anything and everything throughout that process. they've got a huge valuation, i would argue. >> over the banks. i think, interestingly - >> but suddenly people flip from no longer being a beneficiary of all things, you could really turn ove

max, if you won't talk to paypal specifically, fair enough. landscape, though, you know, a lot of them and we saw this with sofi in the past quarter able to successfully sort of quarter tho successfully cross-sell dint products and to me that feels like what many want to do from paypal to square to sofi to chime. will affirm look to new products how soon do you think -- could you ever see an affirm credit card especially with the data that you're collecting >> so we are in the business of many products. that is exactly right. the fin tech are with pure play, single product and not standing the test of time and our customers and merchants on more than one dimension we announced the company which manages returns in unique ways and instant returns, instant just for credit and other facets to the things that we do before the transaction they do after. that's done well for us. we have talked about doing a certain type of merchant capital, basically lending two merchants to help expand their business and that's another thing that we can leverage our

so i do think the future is bright for paypal and i think after this 30 or more percent sell-off fromts highs, but from the highs that you're buying it, at i think, a great value here and venmo is going to be something that does give jack some fit, but i think jack over at square can deal with it. >> wooe talke're talking about docket he reiterates under weight morgan stanley target at 12 bucks and he did tell you that he missed it because he had downgraded ford in january of '21 and the stock has absolutely ripped and the stock has a 120% gain, i don't have the number right in front of me 112% over a year cramer says more to go jonas reiterates under weight. what do you say? >> i don't know how you under weight them, scott, with those lightnings just rolling out now, and i don't think you fade gm for the same reason with their electrified vehicles i think that is the time where you want to be writing that wave in there so i agree with jim cramer jonas, he's probably more focused and i read the note, scott that he talked about the legacy expenses that they have, both those companies a

this segment sponsored by paypal.known to many as giving tuesday held annually on the first tuesday after thanksgiving. it's a simple idea that started in 2012 that has grown into a movement. last year 35 million americans donated a total of $2.5 billion on giving tuesday, nearly $808 million of that was donated online. our sponsor paypal recognizing the impact this day can have. >> every year on giving tuesday, paypal engages its base of more than 416 million consumers to give back to the causes that are most important to them. >> no amount is too small. whatever somebody can give, we are so grateful for. >> reporter: one of those charities is best friends animal society in the majestic red rocks of utah. >> we have horses, goats, pigs, bunnies, birds, dogs, cats and they all need that love and healing to get them to a loving home or re-releasing them into the wild. >> reporter: julie castle is the ceo and says this is the most important day of the year. >> we are an organization that is entirely reliant on donations

especially paypal which my travel trust owns. take the bad with the good i tell investment club members all the time you learn a lot more from the weak ones than stronger ones weak ones, if you google weak stock, don't what happens it comes up with paypal. my advice, take your time with the competitively challenge stocks let the sellers exhaust themselves don't be fooled by a one day where it doesn't go down or it goes up just a little. it doesn't help that we keep being flooded by the ipos. i'm not saying you have to abandon them if you want to stick with the group, be patient. wait for three or four days that they bottom, not one third group. the companies that crush the estimates but then gave you reason to believe -- let's say feel down beat about the future. it may have been by mistake. best buy and dick's supporting goods, walmart got mashed last week i think the companies were being conservative and the forecasts were taken totally out of context and they're doing really well so, yeah, after skepticism from the people who

there was a time when payments in fin tech were front of mind for many tech investors, i think paypalt they've both under performed immensely. is there a value trade in your mind >> fin tech has been the most difficult sub sector year-to-date the market is on all-time highs and the fin tech names you highlighted they're underperforming with multiple compression across the board rewind six months ago and tell me we had mass vaccine distribution, therapeutics roll out, i'm in london right now, to see that in the context of visa making new loans, gpn making new lows, it's not intuitive at all. so that goes to the question what's pressuring the stocks it's multifacetted from a network perspective, there continue to be concerns that you have buy now, pay later. you have cryptocurrency, from a merchant acquire standpoint so whether it's gpn, fis, fisv, you have concern the new rails such as square are disrupting the ecosystem and from a paypal perspective, you had a disappointing guide into calendar 2022 and investors are rattled there's going to be continued m&a, there were press reports l

slightly a self brag here, but we wrote this paypal and pinterest story a few weeks ago.company like yours look to play into that and does it see itself as a potential acquirer or target for someone else? >> on the social commerce front, we have a really high intense audience. when people come, they come to get something done usually locally and they stick around. that makes for great audience when you think about things like social commerce. for us, it is about things like services so people come because they want to find a local plumber or contractor or babysitter, and they convert fast. we do well for advertisers, top of the funnel brands and bottom of the funnel, direct response. we see a way to embrace even more were social commerce is going. i came from a payment platform, it is of interest to me, and i think nextdoor is a valuable site for all of this. reporter: you came from square, the cfo there. i want to take it back to the expert question. the pop in the stock today, breathtaking. i'm wondering how much of a role you are playing in that. clearly a huge one but

square and paypal. some of the biggest pandemic era winners negative for the year and forecasted lower growth. paypal down 19% for the year sofi down after soft bank and spac sponsor sold shares robinhood and a firm caught up in the selloff, as well. guys >> i guess when i don'tyou take a look at the companies is there anything that can really -- what can they say to get people interested in them >> for the longest times these are the people controlling the pipes and supposed to be the ones to benefit no matter what happens if consumers do what they do. why the negativity what fixes them? >> some are the biggest investors in fintech they have a venture arm for the early stage fintech. to say we'll do more r&d and invest more. kelly, they are really seen as the payment rails. bitcoin was built to get around that they can spend as much as they want but if you believe crypto probably getting rid of the intermediaries visa is a big one to think about. >> to be continued. >> all right >> thank you. >>> there

the northern territory is currently has parts of this of the state in lockdown as well, which paypal is to do with carving, still spreading there. so people are protesting about a number of things. and it's also important to recognize that the pros, as to some extent, have been infiltrated by far right. far, right. political activists who are, you know, staging conspiracy theories as well among the protested. so it's a range of raisins that people are protesting here in australia. it's interesting you bring up the, the fact that the far reiser are infiltrating some of these protests because to see so many people light on the streets. it just makes you wonder, is, is this a sentiment that shared by the majority of australians to these protesters represents the vast majority of australians? or is it just a small number? i would say the protesters represent an absolute minority of astray aliens as a country where currently sitting at just under 92 percent have had a 1st dose vaccination and around 85 percent have had 2 doses of the vaccine. so we're looking at a country bed on the whole

i think that dan shulman at paypal is watching and saying that they think -- what, i just fell off the turnip truck? i've got things to make things work master card has 3 billion customers. i tell you what, wall street is fickle and they think that bank of america is up there and everybody else is a fool i think that these periods happen and during these periods, you have to try to say i believe in mastercard i think that they have always triumphed. but it is very difficult right now. makes me feel like what happened with costco and whether they would take the visa card and it ended up being a giant mess and the conclusion was stay away and then the stocks come down and unlike communist china, you buy into them and make a lot of money. >> and you have macy's workday tonight, "mad money" 6:00 p.m. and i know that you are working on nvidia before the work is out. >> 1:00 a.m. i started in-individuinvidia's conference call and at 3:00 a.m. i was almost finished with it. >> the man doesn't sleep >>> meantime, listen up, ceo of sonos is next. don't go anywhere. ♪ feel stuck and need a loan?

paypal is a stock that is owned by my trust. i just told you about something that i think we're doing right with disney. i have so far not have the conviction to come out here and say this is the level of my paypal i said we're not there yet and i continue to say we're not there yet and i want to thank you for the question but more importantly thank you for your service. and now we'regoing to find someone else we want to thank. we're going to cameron in new york >> caller: hey, jim, this is cameron out here from west point, new york. my question is do you see housing prices continue to increase given the post covid boom of 2021. >> i have to tell you, i was working, remember we had ivy zelman on, she has a great book and she said housing is peaking and then i go to toll brothers and lennor and those numbers look good. i would tell you that if interest rates are going up, then we seen the top but i keep thinking, wow, you know what, lennor and toll brothers maybe is one of the situations where they will keep making money. because

so you actually need to process that brings in the paypal that should be consulted in a potential pandemic, so that you've got community engagement. otherwise it's all about rules or your program continues in just a moment here . hello, driven by drill shaped banks. concur some of those with dares sinks, we dare to ask ah ah ah, you take doors who are naughty international, so americans trust in the mass media has slumped to its lowest levels in 2016, it's a taking a toll on mainstream tv viewing figures as audio daniel armstrong, reports trust. they say it takes years and only seconds to break and for ever to repair for us mainstream media. those seconds have turned into months of nose, diving, viewing figures amid a crisis of confidence. on saturday, eights hop, cnn reports to ridicule reports of supply chain disruptions by taking a pup at average, joe the supply chain, she exclaims, looking for milk for 2 year old look at this amazing overflowing abundance. he responds such contempt from u. s. media for the current difficulties faced by so many has led to wide spread condemnation. with

>>a as jim came into paypal, i believe in fundamentals and when the stock breaks down you really have to look at technicals and you retraced that 203 to 2004 price point was a retracement to september-october of 2020, but i would argue that the company is in much better shape and has much better transparency and visibility going forward than it did a year ago so i bought it on friday i'm excited to add to the position once again, i think next year when venmo goes on to amazon and can be -- you can check out using venmo and venmo has about 80 million customers, i think people aren't even remotely focusing on that today and it was to add to the position >> jason snipe, you bought some more, too. i take it you agree with everything bryn said >> i do. i do, big time yeah it's about 30% off its 52-week high and the story is very much intact payment volumes were up 36% and venmo payment was up 36% and their paypal up 26%. >> so i think for me, this is still a great story. i took an opportunity to add to my position. >> we'll take a quick break and qualcomm is hovering at all-time highs and

paypal another company, around $200. how can you not buy paypal, 20% profit margins at $200.e're in those two right now. there will be plenty of opportunities in 2022, to find stuff, big stuff, small caps also go on sale. there will be tremendous opportunities. charles: i'm with you on paypal. i'm pounding the table on that. i don't see how anyone can overlook this gift pa i pal at this level. david, shah, erin. we love. erin check out my man's backdrop, it is really nice, nelson's. president biden speaking with china president xi more than three hours last night. they never talked about the origins of covid-19. just about the importance of transparency which does seem odd, doesn't it? later in the hour a top ceo echoing what i've been saying for weeks, that the savings from the stimmies fade, workers are rushing back to work. brian wesbury talks about what it means for the 11 million jobs open right now. ♪. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates,

and this is one where if you recall back when paypal was maybe floating that $45 billion takeover, i the time it didn't make any sense about paypal but it might make a lot of sense for someone like walmart. so when you see that sort of call activity, i suspect it is probably people speculating about another takeover bid for pinterest. >> interesting i was surprised at how many stocks have mentioned the apple ios for a drag of what they've seen posh mark surprised me and a buzz kill. crowd strike falling 10% after morgan stanley had a worst drop since 2020 strengthening competition and expecting slowing revenue growth for the company. tim, what is your take here for crowd strike >> well, first of all, bravo for an analyst team that takes a stock that has been scorching hot and looked at a 25 times ev to sales and said we're not getting on the secular bandwagon and putting a buy on a stock that is a great company, it doing a lot, it clearly has been taken on the enterprise and broadening at a time when obviously security and cyber issues are dominating the headlines every single day bu

>> you don't own paypal yet, this is the time the stumpble gives you an entry opportunity. this stock goes down a little bit before it turns around but it is a huge buying opportunity. >> penalty box, as cramer said, see if they do a buy back, listen there good to see everybody. we have disney earnings tomorrow we will talk about that and much more tomorrow. it does it for us. thanks for watching. "the exchange" is now. ♪ >>> thank you very much, scott hi, everybody. i'm kelly evans and here is what is ahead this hour >>> year-end risk management from elon without the eccentric to russia's google to no more vaccine fights our guest has three picks for your portfolio >>> plus, it is time to buy crypto, food and clothes we've got the moves, the story and the trade on three key earnings tonight why our trader is bullish on coin baste, doordash and posh mark >>> commodities out of favor with investors, essentially flat or lower over the past month could it be the perfect buying opportunity? goldman says yes and we will talk about that. >>> first today's market, dom chu here wit

papa paypal at these levels is interesting. >> the dog doesn't care about visa, mastercard or paypal saying get the food. >> i will get him at the break >> don't worry about it. or put your phone on the qr code on the screen. >>> coming up -- analysts turning bullish on a call and gearing up for william sonoma earnings moowtorr when did we last say that? probably never >>> a bit of a kill on roku after being downgraded tim, your take >> any time they say something, we all listen. they are very shrewd and usually are looking a step or two ahead. [ poor audio ] -- will be falling 17% or so a stock that has a valuation and trades on multiple valuations and they downgraded that, too. it is a function of the dynamic between the existing and declining business model and how roku may need to be monetizes these streaming. we are in a post covid environment at least as it relates to roku. i think as of a date -- and if you look at the chart, it could be a double top or a lopsided head and shoulders you have seen it when you get to 220, maybe you have taken some of that off. but the fundamenta

>> i think investors are having a bit of reality check, there is no doubt that companies like paypalre wonderful businesses and have got a great potential market. but things got frothy on the evaluation side. as companies like amazon put pressure on these payment companies, i think investors are going through every single sub specter -- subsector and just reassessing what is reasonable in terms of the opportunities. so we welcome that reality check, certainly in companies like paypal which is under pressure perhaps from news of amazon competition and is looking more interesting than just three or four months ago. tom: u.s. technology -- what is your time horizon for chinese technology stocks? you talked about the success with netease, and alibaba down 14%, what is your time horizon? >> we've had a mixed year in china. we had our view that regulation fears were overblown back in september. with netease, and less successful with alibaba. we do think the margin pressure will stabilize with all the competition they are experiencing. we are seeing business over five years has been a great

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