Jim Cramer Just Discussed These 13 Stocks

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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 enables users to access alternative banking systems to make transactions. Its exposure to consumer payments means that the firm relies on economic health and spending to boost transaction volume for higher commissions. PayPal Holdings, Inc. (NASDAQ:PYPL)’s 400 million users worldwide not only provide the firm with a wide moat but also a sizable user base to monetize. The firm is currently leveraging user data to generate advertising revenue. Cramer believes that PayPal Holdings, Inc. (NASDAQ:PYPL) is one of the best plays in the financial technology sector:

“Well, I was going to give you one that, that David introduced me to, that is, I’m crowning the new king of fintech, Paypal. Breaking out here. No, no, Barclays just joined this and pattern says basically this is better than all the others. And I think, PayPal spewing cash, this guy Alex Chriss is doing a terrific job of, February meeting, everybody will know it then. Kind of like when Marvell, everyone should have known, when Matt Murphy goes and buys a million dollars worth it’s not idle.

“I just pointed out PayPal because I think it has much higher to go.”

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