|Day Low/High||100.47 / 102.73|
|52 Wk Low/High||75.47 / 121.48|
The endless rally needs fuel, and without it, you end up with what you got Tuesday, a soggy session that was hit from the cloud, Beyond Meat's chill, and big merger uncertainties.
Amid May's market turbulence, the RMPIA was buoyed by the more than 4% rise from Medtronic.
PayPal's stock price is still in a strong uptrend, with the $120-$125 area the next price target.
Every time you see competitors trying to team up to catch PayPal it just reminds you how PayPal is the undisputed worldwide leader.
PayPal shares have run hard the last few years and its stock price has become extended, so caution is warranted here.
Now, we know that if we got any sort of truce in the trade war, with the exception of the financials, these hated sectors would be loved.
We have to stipulate what makes a market really tick these days in a world where we are ruled by tariffs and trade with a Fed sideshow.
It is hard to find a sector of the economy that hasn't been touched by financial technology innovations.
As usual, the stocks that bounce back first are the tech stocks with little Chinese exposure and the consumer packaged goods that just demonstrated good numbers.
Mark Zuckerberg's company reportedly wants its cryptocurrency, which would be pegged to the value of existing currencies, to underpin a payments network with low transaction fees.
The social media giant plans to let sellers on its Marketplace platform provide shipping options for items, as well as let buyers pay for items on Facebook's site or app. And unlike eBay, Facebook isn't charging selling fees.
RMPIA outperformed once gain during April.
Here are six financial services stocks that could make good buys for bargain-hunting investors.
Bitcoin, the most famous of all crypto-currencies, has enjoyed something of a rebound of late.
PayPal's Venmo unit is reportedly planning to launch a credit card. That's just one of several ways it can monetize its young and highly engaged core user base.
The company is facing increasing competition from a host of mobile apps for its core business.
The end to the surge in Shopify shares could be near.
In a Dickensian twist, both AAPL and GS could get a big boost from analysts' Low Expectations on the Apple Card.
Apple hasn't answered all of its critics after Monday's presentation.
In this day and age, companies must be 'disruptors' or get left in the dust.
This is hope, not fact -- don't pay more for the same old thing.
However, the RMPIA did not see as much improvement last month as some other market indices.
The RMPIA rose 10.5% during the first half of the current quarter.
Among other things, Apple is now looking to hire wireless engineering talent in Qualcomm's hometown of San Diego.
Buy weak names, and hold falling names that were up a lot going into earnings, as they won't be down for long.