Paypal – Buy

PayPal Holdings, Inc. – Common is a current holding in our US model portfolio. The stock is up 10% since being added last year and the current sell-off provides another entry opportunity.

20/11 update: Paypal remains below the 10-day average and we encourage traders interested in US stocks to track the price action, as a powerful price reversal is likely.

Alibaba – June Earnings

Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary is finding buying support above the recent $190 low.

We expect the earnings picture to improve over the next 12 months as a result of the regulatory impacts subsiding. 

The June result was mixed with strong revenue growth, yet weak free cashflow, relative to the same time last year. We’ll review the September quarter results with interest, looking for an improvement.