Stock Movers Today: PYPL, SQ, BIDU, SPOT, SNOW

PayPal (PYPL) announced its newest buy now pay later offering PayPal Pay Monthly. The service will automatically be available to merchants at no additional cost or risk. The PYPL stock price today is trading slightly higher following the announcement. How will this offering compare to Affirm (AFRM), Block (SQ), and Apple (AAPL)? Next, Jeff Pierce weighs in on Baidu (BIDU) being in talks to sell the majority or 53% stake in IQIYI Inc. (IQ). The deal could value IQIYI Inc. at $7B. Other China stocks include Alibaba (BABA) and JD.com (JD). Also, Spotify (SPOT) stock was upgraded to equal weight from underweight at Wells Fargo. The analyst stated that Spotify Investor Day laid out a more profitable company than was historically modeled. Snowflake (SNOW) was upgraded to buy from hold at Cannacor with a $185 price target on the stock. Finally, a Credit Suisse analyst cur the price target of Block (SQ) due to higher interest rates.