beginning monday, the company will be listed on the nasdaq under the pypl ticker. for our correspondent on wall street. tech shares are actually doing quite well today. a major player, google, surged after reporting earnings that exceeded analyst expectations. what is the story behind that? reporter: the numbers of google were good, but the stock really was on fire, and the question was the jump in the stock price today really justified? the stock of google gained a good $90, an increase of a good 16%, and that means the evaluation of google just today increased by more than $60 billion. no other company has achieved such a jump in evaluation just on one day ever in history. as i mentioned, the numbers were good, but actually, they even sold more, but the price per was lower so not everything stolen. but traders kept buying the stock as if there was no tomorrow. monika: you look at the whole picture with tech stocks this week. are we looking at a new tech bubble? reporter: that is what people start discussing here more and more. for the nest egg, it was the best we

beginning monday, the company will be listed on the nasdaq under the pypl ticker. for our correspondent on wall street. tech shares are actually doing quite well today. a major player, google, surged after reporting earnings that exceeded analyst expectations. what is the story behind that? reporter: the numbers of google were good, but the stock really was on fire, and the question was the jump in the stock price today really justified? the stock of google gained a good $90, an increase of a good 16%, and that means the evaluation of google just today increased by more than $60 billion. no other company has achieved such a jump in evaluation just on one day ever in history. as i mentioned, the numbers were good, but actually, they even sold more, but the price per was lower so not everything stolen. but traders kept buying the stock as if there was no tomorrow. monika: you look at the whole picture with tech stocks this week. are we looking at a new tech ? reporter: that is what people start discussing here more and more. for the nest egg, it was the best week of

paypal will trade under the ticker pypl on the nasdaq.everal firms initiating coverage on paypal today. wedbush initiating with a neutral, $40 price target while susquehanna initiated with a $75 price target. guy. >> no. it's not guy. but i'll talk about it. >> i didn't think it was guy. but i think it's b.k. >> b.k.'s my man. >> so here's how to trade it. everybody wants paypal, right? nobody's really sure what's going to happen to e bay. it's the electronic garage sale. can they do anything? so on monday or tuesday if you get a sell-off in ebay that's the name you want to look at. everybody's going to be excited about paypal. i'm less excited about paypal, actually, because i think in the payment space there's too many competitors, too many things going on, even just apple-pay's a competitor to paypal here. so you focus on ebay on a sell-off. on a big sell-off you buy it. >> what are you so excited about ebay? >> what i'm saying is if you zblsh 82% of the profits were paypal. 8% was from the market price. i would say if you're going to

pypl. paypal will be under the ticker pyplv opening at 38 and dipped to just below 37.hat gives a market cap position of $45 billion. that's pretty much similarly to what's going to be trading next week. with that valuation in mind am i still to believe in the paypal story? we have to figure out what paypal is really worth. let me explain why i like paypal the company and we'll see if that's enough justification to buy paypal the stock at these levels. first of all paypal is tightening in the payments business. 200 markets and relationship with more than 10 million her merchants and developers. they had a 26% increase from the year and paypal is not just an online payment platform anywhere. they had a digital wallet app that lets you use your phone. it helps other companies easily accept digital payments within the apps. their division allows for social pier to pier payments. they have a cloud based loyalty program business and paypal has gotten into the personal and small business lending game with paypal credit. integrates your credit card with sky high interest rates

once again trading independently under the ticker pypl.s trading as high as 11% at the market open today. it's since fallen off a bit, up about 7%. we should note the company being valued at $52 billion as of today's open. another mover here today is facebook trading higher by around 2% which is interesting because facebook doesn't really have any news of its own today. but it's being pulled higher by of course google and netflix which had great earnings reports last week. but we should note those two stocks are also trading lower today here at the nasdaq. also keeping an eye on apple for you which reports earnings tomorrow after the close. up higher by around 1.5%. up by 5% this quarter. back over to you. >>> bears getting restless pointing to signs we are poised for a pullback in the market but they've been saying that for a while. haven't they? >> they have been saying that for quite some time. but we sit again just about a handful of points away from the record intraday high for the s&p 500. here are reasons why beyond the fact that st