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The Dow and the S&P 500 indexes gained on Wednesday, helped by gains in industrial and defensive names, while investors awaited minutes from the Federal Reserve's meeting after the central bank took a more hawkish tone last month.

(The author is a Reuters Breakingviews columnist. The opinions expressed are their own. Updates to add links.)

Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the Invesco QQQ, which added 4,600,000 units, or a 0.9% increase week over week. Among the largest underlying components of QQQ, in morning trading t

The Nasdaq and the S&P 500 hit new highs on Wednesday, helped by a rally in technology-heavy growth stocks, while investors awaited minutes from the Federal Reserve's meeting after the central bank took a more hawkish tone last month.

In early trading on Wednesday, shares of Apple topped the list of the day's best performing Dow Jones Industrial Average components, trading up 1.6%. Year to date, Apple registers a 8.7% gain.

Netflix (NASDAQ: NFLX) spearheaded the cord-cutting and streaming trend over the past several years, amassing an incredible 208 million subscribers worldwide and generating $26.4 billion in revenue over the last 12 months.

The Nasdaq was set to hit a new high at the open on Wednesday as falling Treasury yields lifted tech-heavy growth stocks, while investors focused on the Federal Reserve's minutes from the June meeting to gauge the trajectory of policy support going forward.

The NASDAQ 100 Pre-Market Indicator is up 72.62 to 14,858.98. The total Pre-Market volume is currently 14,397,285 shares traded.The following are the most active stocks for the pre-market session: DiDi Global Inc. (DIDI) is -0.5 at $11.99, with 2,688,213 shares traded., followin

The Nasdaq futures hit a record high on Wednesday as a fall in Treasury yields supported tech-heavy growth stocks, while investors focused on the Federal Reserve's minutes from the June meeting to gauge the trajectory of policy support going forward.

The arena for ecommerce merchant integration is heating up, and the competition is fierce. Consumer online spending trends have exploded due to the COVID-19 pandemic. As a result, individuals are less suspicious of, and more apt to use, alternative payment methods. The top leader in this space, PayPal Holdings, Inc. (PYPL), wants to transform itself into more of a “SuperApp” and less of just a way to pay online. (See PayPal stock charts on TipRanks)  

Reporting on this new orientation for the company is Colin Sebastian of Robert W. Baird & Co., who wrote that one of the key growth influences for PayPal is merchant integration with digital wallets. This is true as well for the company's competition, as he added, “The number of e-commerce sites integrating with wallets, including PayPal, Apple Pay (AAPL), Google Pay (GOOGL) and Amazon Pay (AMZN), more than doubled from June 2020 to June 2021.”  

Sebastian assigned a Buy rating on the stock, and declared a price target of $315. This target would reflect a potential 12-month upside of 7.64%. 

The five-star analyst mentioned that a reorientation to a “SuperApp” structure (a fully vertically integrated app providing a plethora of services) would allow for more monetization possibilities and consumer engagement.  

Although PayPal may be ahead of the pack in the “wallet wars,” Apple Pay is seeing accelerating growth, and even Shopify (SHOP) wishes to jump into the mix. In order to stay relevant, PayPal will have to continue exercising its opportunities for expansion.  

Near-term downsides amount to a slowdown in current consumer trends due to the fading pandemic.  However, the previous year and a half had seen a meteoric acceleration in online shopping, thus Sebastian did not shift his fundamental view of the healthy company.  

Sebastian is expecting a slight uptick in revenue for 2022, and as such raised his price target. 

On TipRanks, PYPL has an analyst rating consensus of Strong Buy, based on 21 Buy and 3 Hold ratings. The average PayPal price target is $317.87, suggesting a possible 12-month upside of 8.62%. PayPal closed Tuesday trading at $292.64 per share.  

Disclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment. 

Retail investors have become a force in the stock market. Now more than ever, even Wall Street's finest look closely at what ordinary investors are doing on the Robinhood app and at other retail-oriented brokerage companies.

Taiwan's exports rose for a 12th straight month in June, and exceeded expectations, boosted by strong semiconductor exports which logged a record monthly high, with the outlook strong on pandemic-driven demand around the world for technology.

Tuesday brought some turbulence to Wall Street as investors weighed the potential impact of economic sluggishness on the stock market. The Nasdaq Composite (NASDAQINDEX: ^IXIC) rose slightly to hit new records once again, but the Dow Jones Industrial Average (DJINDICES: ^DJI) and

The NASDAQ 100 After Hours Indicator is down -5.82 to 14,780.54. The total After hours volume is currently 90,760,324 shares traded.The following are the most active stocks for the after hours session: Intel Corporation (INTC) is +0.07 at $56.16, with 5,760,335 shares traded. IN

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Tesla Inc (Symbol: TSLA), where a total volume of 792,058 contracts has been traded thus far today, a contract volume which is representative of approximately 79

The blue-chip Dow slipped 1% on Tuesday, as investors dumped economy-linked value stocks and moved into growth-focused sectors, while a regulatory crackdown by Beijing hammered shares of several U.S.-listed Chinese firms.

Check Out These Top Robinhood Stocks In The Stock Market TodayLooking for the best Robinhood stocks to buy in the stock market today? If you answered yes, you’re not alone. There are a number of factors why retail investors are glued to the popular trading app. For one, Rob

Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the SPDR Portfolio S&P 500 Growth ETF, which added 13,850,000 units, or a 7.6% increase week over week. Among the largest underlying components o