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PayPal Soars, American Express Sinks, Domino's Climbs
Description
On today's episode of Stock Movers:
- Shares of PayPal (PYPL) rose after a report suggested that its days as a standalone public company may be numbered, with its stock being described as "deeply undervalued" The company has fielded meetings with banks amid unsolicited interest from suitors, with at least one large rival looking at the whole company and others interested in certain PayPal assets.
- American Express (AXP) dragged the Dow Jones Industrial Average lower on Monday afternoon as investors responded to a bleak 2027 AI-driven recession scenario published by Citrini Research, a firm that offers thematic and global macro trading ideas.
- Domino’s Pizza Inc. shares jumped after the company reported a larger-than-expected rise in comparable sales, as consumers were drawn to the pizza chain’s budget-friendly pies. Domino’s US same-store sales for the fourth quarter rose 3.7% in the quarter, above the 3.3% increase projected by analysts, fueled by demand for its stuffed crust pizzas and its “Best Deal Ever” pizza promotion
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