The market is beginning to show some fragility as it loses some of its hard-earned value from earlier this year. The S 500 index had been up close to 20% for the year at the end of July, but now it's up 16%.
Many stocks have soared this year, and valuations have increased along with prices, making it harder to find deals in this market. 's (NASDAQ: PYPL) stock hasn't been finding favor with investors this year, and it's down 12% in 2023. Should you stay away too? Or is this an opportunity?
At first glance, PayPal looks like it's doing pretty well from a business standpoint. Revenue continues to grow every quarter, including a 7% year-over-year increase in 2023's second quarter to $7.3 billion. Operating income rose 48% to $1.1 billion, and earnings per share (EPS) were back in the positive at $0.92 compared to a $0.29 loss last year.
Source Fool.com