This week we are looking at another of the Investor’s Business Daily (IBD) Top 50 List companies. We use this list in one of our portfolios to spot outperforming stocks and place spreads that profit if the momentum continues. Actually, the stock can even decline a little bit to realize the full profit. We use these ideas in one of the ten portfolios that we carry out for paying Terry’s Tips subscribers. These ten actual portfolios have enjoyed an average gain of 118% (after paying commissions) so far in 2017. It has been a very good year.
Terry
Consider Paypal (PYPL) Following the Price Correction
Paypal stock prices have risen steadily throughout the year and there have been several price target upgrades recently. BMO Capital Markets has raised their price target to $85.00 and Nomura has increased their target to $82.00. Paypal closed last week at $75.65, suggesting a potential upside of at least 8%.
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