Bullish On PYPL, Bearish On COIN: Payment Stocks To Watch

The consumer is resilient, I wouldn’t call it strong, notes Wedbush Securities’ Moshe Katri. He discusses payment stocks. He talks about how PayPal (PYPL) is a name they like, especially since there’s a new management team. PYPL is down 13% year-to-date and down over 30% from its 52-week high. PYPL caters to both merchants and consumers. Also, Block (SQ) is up 91% since its October 30th low and up 17% in December. Tom White then joins to demonstrate example trades using PYPL and Coinbase (COIN). He is bullish on PYPL and bearish on COIN. Tune in to find out more about the stock market today.