Shares of digital payments platform PayPal (NASDAQ: PYPL) soared in the early days of the pandemic, but they've tumbled around 71.8% from the high they reached in 2021. Smelling a bargain, Ray Dalio and the fund he manages, Bridgewater Associates, bought up more than 1.1 million shares of PayPal during the second quarter. Dalio is attracted to PayPal as a long-term holding because its ubiquitous payments platform has a strong competitive advantage that should endure. Read More...
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Where to Invest $10,000 Right Now
Prolonged periods of volatility along with dips near or even into bear market territory have become commonplace for investors in recent months as fears of a looming recession, geopolitical headwinds, and ongoing concerns about the global economy continue to remain front of mind. For investors who have the capital to put to work right now, even a market like the one we’re seeing presents its own share of opportunities to invest in these types of compelling companies at a bargain. Healthcare stocks had quite the heyday in the early pandemic, when investors were rushing to put their cash into any and all companies in this space.
