Payment stocks are in focus after Apple (AAPL) announces a "buy now, pay later" product for digital wallet. "This is old and repackaged news. The Affirm (AFRM) stock already traded lower on the news and bounced back. The bank stocks should be trading down on the announcement," says Dan Dolev. Mizuho has a buy rating on PayPal (PYPL) with a $120 price target.
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