Diamonds and Dogs

2/4/21

Paypal (PYPL) benefited from the pandemic. PayPal is up 6% to new highs as user growth has gone through the roof, driven by the pandemic. One analyst at Atlantic Equities upgraded the stock with a $315 price target. With a market cap of over $300 billion, Paypal is worth more than all the big banks except for JP Morgan. A little crazy.

GameStop (GME) and AMC Entertainment (AMC) keep drifting lower. The two stocks are down 34% and 19% as these two heavily shorted stocks come back to earth.

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