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We recently compiled a list of the 10 Important Stocks that Jim Cramer is Talking About. In this article, we are going to take a look at where PayPal Holdings Inc (NASDAQ:PYPL) stands against the other important stocks that Jim Cramer is talking about.
Jim Cramer in a latest program talked about the latest market volatility and said using too many AI algorithms, data points and correlations could be useful for short-term traders but for investors, these tools could blur your long-term vision.
“I think as investors we're putting on mental shackles if we behave like this. Remember back in my hedge fund, our whole goal was day trading, was to scalp pennies from the flow. That's a lot of risk for not much reward. It's better to zero in on dollars for the big picture. That's what I want you to do.”
Jim Cramer said that the market is currently oversold and this happened twice before in 2024. These moments, according to Cramer, proved to be some of the best entry points to pile into stocks in hindsight.
READ ALSO: 7 Best Stocks to Buy For Long-Term and 8 Cheap Jim Cramer Stocks to Invest In.
For this article we watched Jim Cramer's recent programs and listed some of the stocks he commented on. For these stocks, we also mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
PayPal Holdings Inc (NASDAQ:PYPL)
Number of Hedge Fund Investors: 90
Jim Cramer in a latest program yet again praised PayPal Holdings Inc (NASDAQ:PYPL) CEO Alex Chriss and recommended investors to buy the stock if it pulls back:
“If this stock comes down, you want to buy it because he’s (Alex Chriss) fixing PayPal Holdings Inc (NASDAQ:PYPL), and they’ve got a big February analyst meeting. You’re going to see how much he’s fixed. It was a company that was despised in the end by Wall Street because of a lot of overpromising and underdelivering. This man has had to apologize for much of what happened under the previous regime, but he’s about to go on the offense.”
PayPal Holdings Inc (NASDAQ:PYPL) CEO Alex Chriss is opening new growth horizons for PayPal Holdings Inc (NASDAQ:PYPL) beyond just a way to send or receive money. Thanks to his vast experience with small businesses at Intuit, he is integrating valuable features for customers and merchants to boost small business activity on the platform.