PayPal may be in the midst of a turnaround but Wall Street still expects the payments company to post a sharp drop in earnings when it reports third-quarter financial results after the bell Thursday. Analysts surveyed by FactSet expect that PayPal (ticker: PYPL) will earn $0.63 a share on $6.8 billion in revenue, according to generally accepted accounting principles. In the year-ago quarter, PayPal posted GAAP earnings of $0.92 per share on $6.2 billion in revenue. Read More...
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Down More Than 50%: These 3 “Strong Buy” Stocks Are Too Cheap to Ignore
With the Federal Reserve holding its November FOMC meeting now, there’s plenty of speculation on the central bank’s next move. The conventional wisdom says the Fed will hike rates again, by another 75 basis points – the fourth such hike in a row this year. But after that, no one knows. Inflation remains above 8%, so the Fed’s tighter monetary policies have clearly not reined in high prices – yet. According to Fundstrat, however, the Fed has moved far enough in that direction, and we’ll start to
