This company is giantand known by almost everyone. It recently had a rough patch but the company still has huge potential.
The Q3 2021 results from Amazon didn’t quite meet expectations, as a result, the stock fell by around 4.7% during extended trading.
There is no doubt that Amazon is a very important company from its retail business to Amazon Web Services (a giant in both industries).
Despite Amazon missing out on expectations in its earnings report, the company is still in a strong position and it could be a good time to look at this price drop as a short term discount.
Most of these companies at this point are quite well established and well known in the world, but all of them have been making some interesting decisions recently which may make them appealing for long term growth.
A hugely popular company, it disrupted the taxi industry and is also now involved in the food delivery industry.
In Q2 2019 Uber reported a huge $5.24 billion loss and in a smaller loss of $1.19 billion in Q2 2021. The company is yet to report its Q3 2021 results on November 4th 2021, with Uber believing it may report break-even results or even profitability. Even if Uber remains loss-making in Q3, it is very clear they are on track for profitability and hopefully this will become more clear soon.
In our last weekly stock pick for the week commencing 25/10/2021 our stable stock pick was Pinterest, which has interest from PayPal over a potential acquisition. To date, the acquisition has not gone ahead.
Recently PayPal has been expanding into the cryptocurrency space, allowing users in some countries to purchase some cryptocurrencies and hold them in their PayPal account.
As the world of cryptocurrency continues to grow and evolve, it is a good sign that PayPal sees the cryptocurrency market having potential growth and they are positioning themselves as a strong competitor for cryptocurrency services.
Since the start of the year PayPal stock is up around 21.43% and 479.05% over the past 5 years.
This company has recently had some bad press and as a result, the stock is trading lower. It has been down around 3.82% over the past 6 months to date and around 6.68% over the last month to date, yet up around 12.85% since the start of the year.
Facebook recently announced it will be renaming its parent company to ‘Meta’, while the social media platform keeping its name as Facebook.
The company reported in its Q3 results for 2021 that it has 1.93 billion average daily active users on Facebook for the month of September 2021, a 6% increase year over year. Additionally, the company reported it has 2.91 billion monthly active users as of September 30th 2021 which is also a 6% increase year over year.
While Facebook (soon to be Meta) is trading lower than it has been, it’s a great opportunity to view this as a discount. The company will no doubt see further long term growth, especially as it continues to push the ‘metaverse’: the future of the virtual world(while it still continues to be hugely popular in the social media industry).