RBC Capital Markets has refreshed its top stock picks for the second quarter, adding a few new names that could be poised to rise. The S & P 500 has stumbled to begin the second quarter — off nearly 1% in the period thus far — but the broad market index is still roughly 9% higher in 2024.
mountain PayPal stock has gained more than 8% so far in 2024. Analyst Daniel R. Perlin says PayPal can emerge as a true leader in the e-commerce payments sector as the company further monetizes payment products including Venmo. "In the near-term, PYPL needs to demonstrate its ability to drive better margins in unbranded transactions via moving to smaller merchants and expanding international," Perlin said.
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