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2021-05-25
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Why once-hot hedge-fund stock picks are now the 'pain trade' of 2021
Kiddykid
2021-05-25
Wow
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Funds must disclose long positions held at the end of each quarter within 45 days.</p>\n<p>\"Our primary list of the most popular stocks in hedge funds (Hot Dogs) has underperformed sharply in 2021, with relative performance trends in place [year to date] that echo the sizable underperformance seen in 2016,\" wrote Lori Calvasina, head of U.S. equity strategy, in a Monday report. \"This is largely due to the shift inmarket leadership away from safer secular growers and back towards riskier value and cyclical recovery plays.\"</p>\n<p>As reflected in the left-hand chart above, the basket's underperformance has been particularly sharp for the past several months. While the basket of hot dogs turned in a strong performance in 2020, its outperformance relative to the S&P 500 peaked last August, Calvasina said.</p>\n<p>That is \"a reminder that the pain trade in popular hedge-fund holdings has been under way for quite some time, essentially since the reflation trade took off in earnest,\" she said.</p>\n<p>Calvasina and company don't expect the pressure on those names to let up as long as value leadership remains intact.</p>\n<p>The table below shows the current basket of most popular holdings by dollar value owned.</p>\n<p>Expectations for an acceleration in economic activity as the U.S. and the rest of the world begin to move beyond the COVID-19 pandemic have been credited for sparking a rotation away from the highflying, tech-oriented companies toward stocks more sensitive to the economic cycle.</p>\n<p>That is translated into outperformance for value investments, seen as undervalued relative to a variety of price metrics, versus growth stocks, which are shares of companies expected to grow earnings and revenue more quickly than their peers. For the year to date, the Russell 1000 Value Index is up 17.3% versus a 6.1% gain for the Russell 1000 Growth Index .</p>\n<p>Stocks were pushing to the upside on Monday, with the Dow Jones Industrial Average up 240 points, or 0.7%, while the S&P 500 advanced 1.2% and the tech-heavy Nasdaq Composite gained 1.7%.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why once-hot hedge-fund stock picks are now the 'pain trade' of 2021</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy once-hot hedge-fund stock picks are now the 'pain trade' of 2021\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-05-25 11:08</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<blockquote>\n <b>Reflects shift in market leadership toward 'riskier value and cyclical recovery plays': RBC.</b>\n</blockquote>\n<p>The reflation trade -- a bet that assets that benefit from a post-pandemic surge in growth and inflation will outperform their traditionally safer peers -- is putting the hurt on tech and other growth-oriented shares that have been popular with big hedge funds.</p>\n<p>That finding comes from the latest look by RBC Capital Markets at a basket of stocks it dubs \"hedge-fund hot dogs,\" a roster of the most popular holdings among hedge funds based on their quarterly 13-F filings with the Securities and Exchange Commission. Funds must disclose long positions held at the end of each quarter within 45 days.</p>\n<p>\"Our primary list of the most popular stocks in hedge funds (Hot Dogs) has underperformed sharply in 2021, with relative performance trends in place [year to date] that echo the sizable underperformance seen in 2016,\" wrote Lori Calvasina, head of U.S. equity strategy, in a Monday report. \"This is largely due to the shift inmarket leadership away from safer secular growers and back towards riskier value and cyclical recovery plays.\"</p>\n<p>As reflected in the left-hand chart above, the basket's underperformance has been particularly sharp for the past several months. While the basket of hot dogs turned in a strong performance in 2020, its outperformance relative to the S&P 500 peaked last August, Calvasina said.</p>\n<p>That is \"a reminder that the pain trade in popular hedge-fund holdings has been under way for quite some time, essentially since the reflation trade took off in earnest,\" she said.</p>\n<p>Calvasina and company don't expect the pressure on those names to let up as long as value leadership remains intact.</p>\n<p>The table below shows the current basket of most popular holdings by dollar value owned.</p>\n<p>Expectations for an acceleration in economic activity as the U.S. and the rest of the world begin to move beyond the COVID-19 pandemic have been credited for sparking a rotation away from the highflying, tech-oriented companies toward stocks more sensitive to the economic cycle.</p>\n<p>That is translated into outperformance for value investments, seen as undervalued relative to a variety of price metrics, versus growth stocks, which are shares of companies expected to grow earnings and revenue more quickly than their peers. For the year to date, the Russell 1000 Value Index is up 17.3% versus a 6.1% gain for the Russell 1000 Growth Index .</p>\n<p>Stocks were pushing to the upside on Monday, with the Dow Jones Industrial Average up 240 points, or 0.7%, while the S&P 500 advanced 1.2% and the tech-heavy Nasdaq Composite gained 1.7%.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index","SPY":"标普500ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2138159964","content_text":"Reflects shift in market leadership toward 'riskier value and cyclical recovery plays': RBC.\n\nThe reflation trade -- a bet that assets that benefit from a post-pandemic surge in growth and inflation will outperform their traditionally safer peers -- is putting the hurt on tech and other growth-oriented shares that have been popular with big hedge funds.\nThat finding comes from the latest look by RBC Capital Markets at a basket of stocks it dubs \"hedge-fund hot dogs,\" a roster of the most popular holdings among hedge funds based on their quarterly 13-F filings with the Securities and Exchange Commission. Funds must disclose long positions held at the end of each quarter within 45 days.\n\"Our primary list of the most popular stocks in hedge funds (Hot Dogs) has underperformed sharply in 2021, with relative performance trends in place [year to date] that echo the sizable underperformance seen in 2016,\" wrote Lori Calvasina, head of U.S. equity strategy, in a Monday report. \"This is largely due to the shift inmarket leadership away from safer secular growers and back towards riskier value and cyclical recovery plays.\"\nAs reflected in the left-hand chart above, the basket's underperformance has been particularly sharp for the past several months. While the basket of hot dogs turned in a strong performance in 2020, its outperformance relative to the S&P 500 peaked last August, Calvasina said.\nThat is \"a reminder that the pain trade in popular hedge-fund holdings has been under way for quite some time, essentially since the reflation trade took off in earnest,\" she said.\nCalvasina and company don't expect the pressure on those names to let up as long as value leadership remains intact.\nThe table below shows the current basket of most popular holdings by dollar value owned.\nExpectations for an acceleration in economic activity as the U.S. and the rest of the world begin to move beyond the COVID-19 pandemic have been credited for sparking a rotation away from the highflying, tech-oriented companies toward stocks more sensitive to the economic cycle.\nThat is translated into outperformance for value investments, seen as undervalued relative to a variety of price metrics, versus growth stocks, which are shares of companies expected to grow earnings and revenue more quickly than their peers. For the year to date, the Russell 1000 Value Index is up 17.3% versus a 6.1% gain for the Russell 1000 Growth Index .\nStocks were pushing to the upside on Monday, with the Dow Jones Industrial Average up 240 points, or 0.7%, while the S&P 500 advanced 1.2% and the tech-heavy Nasdaq Composite gained 1.7%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":568,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":138194868,"gmtCreate":1621916045054,"gmtModify":1704364384171,"author":{"id":"3584784318093008","authorId":"3584784318093008","name":"Kiddykid","avatar":"https://static.tigerbbs.com/4fce1c31007eb7909205ccb259039211","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584784318093008","authorIdStr":"3584784318093008"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/138194868","repostId":"2137130270","repostType":4,"isVote":1,"tweetType":1,"viewCount":170,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":138197892,"gmtCreate":1621916096816,"gmtModify":1704364385660,"author":{"id":"3584784318093008","authorId":"3584784318093008","name":"Kiddykid","avatar":"https://static.tigerbbs.com/4fce1c31007eb7909205ccb259039211","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584784318093008","authorIdStr":"3584784318093008"},"themes":[],"htmlText":"Super","listText":"Super","text":"Super","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/138197892","repostId":"2138159964","repostType":4,"isVote":1,"tweetType":1,"viewCount":568,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":138194868,"gmtCreate":1621916045054,"gmtModify":1704364384171,"author":{"id":"3584784318093008","authorId":"3584784318093008","name":"Kiddykid","avatar":"https://static.tigerbbs.com/4fce1c31007eb7909205ccb259039211","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584784318093008","authorIdStr":"3584784318093008"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/138194868","repostId":"2137130270","repostType":4,"repost":{"id":"2137130270","pubTimestamp":1621912800,"share":"https://ttm.financial/m/news/2137130270?lang=&edition=fundamental","pubTime":"2021-05-25 11:20","market":"us","language":"en","title":"Worried About Inflation? This Tech Stock Could Make You Rich","url":"https://stock-news.laohu8.com/highlight/detail?id=2137130270","media":"Motley Fool","summary":"PayPal just crushed earnings, and the stock could help investors hedge against inflation.","content":"<p>Throughout the pandemic, the federal government has issued several stimulus payments and boosted unemployment benefits, while the Federal Reserve has kept interest rates near historic lows and spent trillions buying treasury bonds and mortgage-backed securities.</p>\n<p>These initiatives were meant to stabilize the economy by putting more money in the hands of consumers. Unfortunately, that rapid proliferation in money supply has stoked fears about inflation, and the stock market has taken a hit -- especially tech stocks.</p>\n<p>Even so, investors should consider buying <b><a href=\"https://laohu8.com/S/PYPL\">PayPal</a> Holdings</b> (NASDAQ:PYPL). Its business model could actually help hedge against inflation, and the company recently reported impressive financial results for the first quarter of 2021. Here's what investors should know.</p>\n<p><img src=\"https://static.tigerbbs.com/077dc3a5939967c4ac33f4345c41d554\" tg-width=\"700\" tg-height=\"496\" referrerpolicy=\"no-referrer\"></p>\n<p>Image source: Getty Images.</p>\n<h3>PayPal's strongest quarter ever</h3>\n<p>PayPal provides financial solutions for consumers and merchants, facilitating digital payments both in stores and online. During 2020, the pandemic supercharged its business, but the company hasn't lost momentum.</p>\n<p>CEO Dan Schulman started the first-quarter earnings call by telling investors, \"We just completed our strongest quarter ever.\" Growth in active accounts and total payment volume (TPV) accelerated to 21% and 50%, respectively. That drove revenue of $6 billion for the quarter, up 31%, and free cash flow of $1.5 billion, up 27%.</p>\n<p>Those latest quarterly results fit PayPal's long-term trend of strong financial performance.</p>\n<table>\n <thead>\n <tr>\n <th><p>Metric</p></th>\n <th><p>2017</p></th>\n <th><p>Q1 2021 (TTM)</p></th>\n <th><p>CAGR</p></th>\n </tr>\n </thead>\n <tbody>\n <tr>\n <td width=\"156\"><p>Revenue</p></td>\n <td width=\"156\"><p>$13.1 billion</p></td>\n <td width=\"156\"><p>$22.9 billion</p></td>\n <td width=\"156\"><p>19%</p></td>\n </tr>\n <tr>\n <td width=\"156\"><p>Free cash flow</p></td>\n <td width=\"156\"><p>$1.9 billion</p></td>\n <td width=\"156\"><p>$5.3 billion</p></td>\n <td width=\"156\"><p>38%</p></td>\n </tr>\n </tbody>\n</table>\n<p>Data source: PayPal SEC filings. TTM = trailing 12 months. CAGR = compound annual growth rate.</p>\n<p>Notably, PayPal earns revenue as a percentage of payment volume. That means inflation could theoretically boost the company's top line -- as consumer prices increase, PayPal's cut would increase, too. But even if that doesn't play out, this fintech stock still looks like a good long-term investment.</p>\n<h3>New products and partnerships</h3>\n<p>During the Q1 earnings call, Schulman provided an update on PayPal's $110 trillion market opportunity. Specifically, he noted that the success of several new products and partnerships was driving the expansion of that figure.</p>\n<p>For instance, PayPal launched QR code payments in May 2020, enabling consumers to make in-store purchases with a smartphone. By the end of the year, over 600,000 merchants accepted PayPal and Venmo QR codes. Schulman noted strong momentum during Q1, with <a href=\"https://laohu8.com/S/AONE\">one</a> new business adopting the service every 28 seconds. In total, the company says, nearly 1 million merchants now accept PayPal and Venmo QR codes at checkout.</p>\n<p>PayPal also recently partnered with financial service provider <b>Fiserv</b>, expanding its QR code service to Clover point-of-sale (POS) systems. Last year, Fiserv merchants using the Clover POS system facilitated over $135 billion in payments, putting PayPal in front of another big opportunity.</p>\n<p>In the last 12 months, PayPal also launched several other products to drive user engagement. For instance, consumers can now buy and make purchases with cryptocurrency. PayPal also introduced the Venmo credit card and a buy now, pay later (BNPL) option. So far, the results are promising, as payment transactions and transactions per active account both accelerated in Q1.</p>\n<table>\n <thead>\n <tr>\n <th><p>Metric</p></th>\n <th><p>Q1 2019</p></th>\n <th><p>Q1 2020</p></th>\n <th><p>Q1 2021</p></th>\n </tr>\n </thead>\n <tbody>\n <tr>\n <td width=\"180\"><p>Payment transactions growth (YOY)</p></td>\n <td width=\"156\"><p>28%</p></td>\n <td width=\"150\"><p>15%</p></td>\n <td width=\"138\"><p>34%</p></td>\n </tr>\n <tr>\n <td width=\"180\"><p>Transactions per account growth (YOY)</p></td>\n <td width=\"156\"><p>9%</p></td>\n <td width=\"150\"><p>4%</p></td>\n <td width=\"138\"><p>7%</p></td>\n </tr>\n </tbody>\n</table>\n<p>YOY=year over year. Data source: PayPal SEC filings.</p>\n<p>PayPal has formed a partnership with the world's largest e-commerce retailer: <b>Alibaba Group Holding</b>. According to Schulman, the agreement \"will enable hundreds of millions of consumers outside of China to shop across Alibaba sites in China.\" This represents a significant opportunity. Case in point, Alibaba's gross merchandise volume (GMV) was more than double <b>Amazon</b>'s in 2020.</p>\n<p>PayPal has also formed a partnership with fintech company FlutterWave in Africa, increasing merchant access to PayPal consumers. Notably, e-commerce adoption in Africa is far lower than it is in developed countries like the U.S. and China, giving PayPal a chance to take share in that emerging market.</p>\n<h3>The future looks bright</h3>\n<p>PayPal plans to launch its next-generation digital wallet in the third quarter this year. According to Schulman, the app will be an all-in-<a href=\"https://laohu8.com/S/AONE.U\">one</a> tool that provides consumers with customized shopping experiences and financial services. Investors should pay attention to this situation, as it could mark an inflection point for the fintech company.</p>\n<p>So what's the takeaway? PayPal continues to strengthen its global network, successfully driving engagement and growth across its payments ecosystem. And with the share price trading roughly 20% below its 52-week high, now looks like a good time to buy this growth stock.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Worried About Inflation? This Tech Stock Could Make You Rich</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWorried About Inflation? This Tech Stock Could Make You Rich\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-25 11:20 GMT+8 <a href=https://www.fool.com/investing/2021/05/24/worried-about-inflation-tech-stock-make-you-rich/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Throughout the pandemic, the federal government has issued several stimulus payments and boosted unemployment benefits, while the Federal Reserve has kept interest rates near historic lows and spent ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/05/24/worried-about-inflation-tech-stock-make-you-rich/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴","QNETCN":"纳斯达克中美互联网老虎指数","PYPL":"PayPal"},"source_url":"https://www.fool.com/investing/2021/05/24/worried-about-inflation-tech-stock-make-you-rich/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2137130270","content_text":"Throughout the pandemic, the federal government has issued several stimulus payments and boosted unemployment benefits, while the Federal Reserve has kept interest rates near historic lows and spent trillions buying treasury bonds and mortgage-backed securities.\nThese initiatives were meant to stabilize the economy by putting more money in the hands of consumers. Unfortunately, that rapid proliferation in money supply has stoked fears about inflation, and the stock market has taken a hit -- especially tech stocks.\nEven so, investors should consider buying PayPal Holdings (NASDAQ:PYPL). Its business model could actually help hedge against inflation, and the company recently reported impressive financial results for the first quarter of 2021. Here's what investors should know.\n\nImage source: Getty Images.\nPayPal's strongest quarter ever\nPayPal provides financial solutions for consumers and merchants, facilitating digital payments both in stores and online. During 2020, the pandemic supercharged its business, but the company hasn't lost momentum.\nCEO Dan Schulman started the first-quarter earnings call by telling investors, \"We just completed our strongest quarter ever.\" Growth in active accounts and total payment volume (TPV) accelerated to 21% and 50%, respectively. That drove revenue of $6 billion for the quarter, up 31%, and free cash flow of $1.5 billion, up 27%.\nThose latest quarterly results fit PayPal's long-term trend of strong financial performance.\n\n\n\nMetric\n2017\nQ1 2021 (TTM)\nCAGR\n\n\n\n\nRevenue\n$13.1 billion\n$22.9 billion\n19%\n\n\nFree cash flow\n$1.9 billion\n$5.3 billion\n38%\n\n\n\nData source: PayPal SEC filings. TTM = trailing 12 months. CAGR = compound annual growth rate.\nNotably, PayPal earns revenue as a percentage of payment volume. That means inflation could theoretically boost the company's top line -- as consumer prices increase, PayPal's cut would increase, too. But even if that doesn't play out, this fintech stock still looks like a good long-term investment.\nNew products and partnerships\nDuring the Q1 earnings call, Schulman provided an update on PayPal's $110 trillion market opportunity. Specifically, he noted that the success of several new products and partnerships was driving the expansion of that figure.\nFor instance, PayPal launched QR code payments in May 2020, enabling consumers to make in-store purchases with a smartphone. By the end of the year, over 600,000 merchants accepted PayPal and Venmo QR codes. Schulman noted strong momentum during Q1, with one new business adopting the service every 28 seconds. In total, the company says, nearly 1 million merchants now accept PayPal and Venmo QR codes at checkout.\nPayPal also recently partnered with financial service provider Fiserv, expanding its QR code service to Clover point-of-sale (POS) systems. Last year, Fiserv merchants using the Clover POS system facilitated over $135 billion in payments, putting PayPal in front of another big opportunity.\nIn the last 12 months, PayPal also launched several other products to drive user engagement. For instance, consumers can now buy and make purchases with cryptocurrency. PayPal also introduced the Venmo credit card and a buy now, pay later (BNPL) option. So far, the results are promising, as payment transactions and transactions per active account both accelerated in Q1.\n\n\n\nMetric\nQ1 2019\nQ1 2020\nQ1 2021\n\n\n\n\nPayment transactions growth (YOY)\n28%\n15%\n34%\n\n\nTransactions per account growth (YOY)\n9%\n4%\n7%\n\n\n\nYOY=year over year. Data source: PayPal SEC filings.\nPayPal has formed a partnership with the world's largest e-commerce retailer: Alibaba Group Holding. According to Schulman, the agreement \"will enable hundreds of millions of consumers outside of China to shop across Alibaba sites in China.\" This represents a significant opportunity. Case in point, Alibaba's gross merchandise volume (GMV) was more than double Amazon's in 2020.\nPayPal has also formed a partnership with fintech company FlutterWave in Africa, increasing merchant access to PayPal consumers. Notably, e-commerce adoption in Africa is far lower than it is in developed countries like the U.S. and China, giving PayPal a chance to take share in that emerging market.\nThe future looks bright\nPayPal plans to launch its next-generation digital wallet in the third quarter this year. According to Schulman, the app will be an all-in-one tool that provides consumers with customized shopping experiences and financial services. Investors should pay attention to this situation, as it could mark an inflection point for the fintech company.\nSo what's the takeaway? PayPal continues to strengthen its global network, successfully driving engagement and growth across its payments ecosystem. And with the share price trading roughly 20% below its 52-week high, now looks like a good time to buy this growth stock.","news_type":1},"isVote":1,"tweetType":1,"viewCount":170,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
