Jim Cramer Discusses These 10 Stocks & Says Bitcoin Created “Froth” In The Market

6. PayPal Holdings, Inc. (NASDAQ:PYPL)

Number of Hedge Fund Holders In Q4 2024: 94

PayPal Holdings, Inc. (NASDAQ:PYPL) is a financial technology company whose payment and money transfer platform is one of the most widely used in the world. Its share price performance depends on user volume and user growth. These metrics, in turn, are influenced by the broader economic health which entices consumers to spend more on the platform and grow transaction volumes. PayPal Holdings, Inc. (NASDAQ:PYPL)’s stock performance is indicative of these factors, as the shares dropped by 13% in February after the firm’s $1.21 billion in adjusted Q4 earnings missed analyst estimates of $1.44 billion. Here is what Cramer said:

“Look at PayPal today. They’re going to announce the infusion of AI and I think it’s going to blow you away. Alex Chriss, your pal. . . he’s got great stuff too.”