PayPal's Total Payment Volume
Plus, Roku grows active accounts.
Today is Thursday, November 2, 2023.
The Early Bird Index today is 53.10.
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PayPal's Total Payment Volume
PayPal (Nasdaq: PYPL) climbed 3.95% in after-hours trading on Wednesday after reporting good financial results.
Financials: PayPal reported earnings of $1.30 per share in the past quarter and revenue of $7.4 billion; both were better than expected.
Powering the Story: Total payment volume grew 15% in the quarter. The company now expects full-year revenue to rise by 6% to 7%.
Final Thoughts: PayPal also appointed a new CFO on Thursday to join its recently hired CEO. The stock might be down 30% this year, but with a new CEO and now finally a new CFO, investors are hopeful about the future.
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Notable Earnings Today: Apple (Nasdaq: AAPL), Palantir Technologies (NYSE: PLTR), Shopify (NYSE: SHOP), Block (NYSE: SQ), Eli Lilly (NYSE: LLY), DraftKings (Nasdaq: DKNG), Starbucks (Nasdaq: SBUX), Novo Nordisk (NYSE: NVO), Carvana (NYSE: CVNA), Booking Holdings (Nasdaq: BKNG), Moderna (Nasdaq: MRNA), Coinbase (Nasdaq: COIN), PENN Entertainment (Nasdaq: PENN),Cigna (NYSE: CI), Expedia Group (Nasdaq: EXPE), Cloudflare (NYSE: NET), ConocoPhillips (NYSE: COP), Fidus Investment (Nasdaq: FDUS), Live Nation (NYSE: LYV), Marriott (Nasdaq: MAR), Peloton Interactive (Nasdaq: PTON), 1-800-FLOWERS (Nasdaq: FLWS), ACADIA Pharmaceuticals (Nasdq: ACAD), Molson Coors Brewing (NYSE: TAP), Fortinet (Nasdaq: FTNT), Crocs (Nasdaq: CROX), GoDaddy (NYSE: GDDY), Pioneer Natural Resources (NYSE: PXD), Barrick (NYSE: GOLD), Hyatt Hotels (NYSE: H), Papa John's (Nasdaq: PZZA), Paramount Global (Nasdaq: PARA), Shake Shack (NYSE: SHAK), Sweetgreen (NYSE: SG), Wendy's (Nasdaq: WEN), WW (Nasdaq: WW), ACI Worldwide (Nasdaq: ACIW), ADT (NYSE: ADT), ATI (NYSE: ATI), Allegiant Travel (Nasdaq: ALGT), Allegro Microsystems (Nasdaq: ALGM), American Electric Power Company (Nasdaq: AEP), Aptiv (NYSE: APTV), Arrow Electronics (NYSE: ARW), Atlassian (Nasdaq: TEAM), Autohome (NYSE: ATHM), Avient (NYSE: AVNT), Ball Corp (NYSE: BALL), Bausch Health (NYSE: BHC), Baxter (NYSE: BAX), Bill.com (NYSE: BILL), BorgWarner (NYSE: BWA), Canadian Natural Resources (NYSE: CNQ), Cars.com (NYSE: CARS), Cheniere Energy (NYSE American: LNG), Chuy's (Nasdaq: CHUY), Cirrus Logic (Nasdaq: CRUS), Clearway Energy (NYSE: CWEN), Cohu (Nasdaq: COHU), Cummins (NYSE: CMI), CyberArk Software (Nasdaq: CYBR), DigitalOcean (NYE: DOCN), DMC Global (Nasdaq: BOOM), Dropbox (Nasdaq: DBX), Duke Energy (NYSE: DUK), Entegris (Nasdaq: ENTG), Exelon (Nasdaq: EXC), Five9 (Nasdaq: FIVN), Floor & Decor (NYSE: FND), Fox Corp (Nasdaq: FOXA), Fox Factory Holding (Nasdaq: FOXF), Funko (Nasdaq: FNKO), Gildan Activewear (NYSE: GIL), Haemonetics (NYSE: HAE), Holly Energy Partners (NYSE: HEP), Howmet Aerospace (NYSE: HWM), Huntington Ingalls (NYSE: HII), Huron Consulting (Nasdaq: HURN), IdaCorp (NYSE: IDA), InterDigital (Nasdaq: IDCC), Ionis Pharmaceuticals (Nasdaq: IONS), Iron Mountain (NYSE: IRM), ITT (NYSE: ITT), Knowles (NYSE: KN), Lamar Advertising (Nasdaq: LAMR), Mister Car Wash (NYSE: MCW), Motorola Solutions (NYSE: MSI), MP Materials (NYSE: MP), Murphy Oil (NYSE: MUR), NRG Energy (NYSE: NRG), Omnicell (Nasdaq: OMCL), Organon (NYSE: OGN), Parker-Hannifin (NYSE: PH), Paylocity (Nasdaq: PCTY), Pinnacle West (NYSE: PNW), Pitney Bowes (NYSE: PBI), Portillo's (Nasdaq: PTLO), PPL Corp (NYSE: PPL), Qualys (Nasdaq: QLYS), Quanta Services (NYSE: PWR), S&P Global (NYSE: SPGI), SBA Communications (Nasdaq: SBAC), Sealed Air (NYSE: SEE), Skyworks Solutions (Nasdaq: SWKS), Spirit Realty Capital (NYSE: SRC), SPX Corp (NYSE: SPXC), Stryker (NYSE: SYK), Tempur Sealy International (NYSE: TPX), Trinity Industries (NYSE: TRN), Universal Display (Nasdaq: OLED), Virtu Financial (Nasdaq: VIRT), Westlake (NYSE: WLK), Yelp (NYSE: YELP), Zoetis (NYSE: ZTS).
Notable IPOs Today: Net Lease Office Properties (NYSE: NLOP), JPMorgan Healthcare Leaders ETF (Nasdaq: JDOC).
Notable Equity Crowdfunding Campaigns Ending Today: Taste (StartEngine), Fire Department Coffee (StartEngine), Sentinels (StartEngine).
Notable Economic Events Today: Jobless Claims (8:30 a.m. ET), Nonfarm Productivity (8:30 a.m. ET), Unit Labor Costs (8:30 a.m. ET), Factory Orders (10:00 a.m. ET), Fed's Balance Sheet (4:30 p.m. ET).
Roku Keeps Growing Active Accounts
Although Roku (Nasdaq: ROKU) announced a greater loss than expected on Wednesday, the stock surged 18.43% in after-hours trading after the company reported a big jump in active accounts.
Final Thoughts: Roku, up 47% this year, also raised its revenue guidance for the current quarter.
DoorDash Increases Total Orders
DoorDash (Nasdaq: DASH) posted mixed financial results on Wednesday, but the stock still jumped 8.02% in after-hours trading after the company reported that its total orders grew by 24%.
Final Thoughts: DoorDash, up 56% this year, also produced a better-than-expected outlook for earnings.
Trends to Watch
Continuing Growth: Solana Surges to 14-Month High; Sell Pressure Lingers as FTX Unstakes $67M Tokens (CoinDesk)
Show’s Over: Justice Department Probes Live Nation’s Agreements With Venues, Artists (Wall Street Journal)
Bad Trip: Airbnb beats on revenue but offers weaker-than-expected guidance (CNBC)
More Good Earnings: Qualcomm beats estimates on China strength, shares rise (Reuters)
Christmas Miracle: Bitcoin beyond 35K for Christmas? Thank Jerome Powell if it happens (Cointelegraph)
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