Jim Cramer Discusses These 11 Stocks & Finds Few Reasons To Sell

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

Number of Hedge Fund Holders In Q3 2024: 90

PayPal Holdings, Inc. (NASDAQ:PYPL) is a financial technology company that allows users to receive and send money worldwide. As a result, its narrative is dependent on transaction volumes which in turn depend on economic activity. PayPal Holdings, Inc. (NASDAQ:PYPL)’s shares are up by 31% over the past year, but these gains are primarily due to optimistic profit forecasts provided in 2024’s first half. Since October 2024, when the firm’s low single-digit Q4 revenue forecast missed analyst estimates of 5.4%, the stock is down by 8.6%. PayPal Holdings, Inc. (NASDAQ:PYPL)’s shares fell another 13% in February after its payment volume percentage dropped by 27 points annually. Here is what Cramer said about the firm:

“They didn’t have real growth. There’s no real growth there.”

“To read it was to think that they did well. I hate that when . . . .because they’re actually, they did not have the growth that people expected. But I do believe that they can turn it on, and I do think Chris is doing a good job, but the stock was up very, very big expecting that there was going to be some good growth here.”