Hayes: Stock Market's "Beach Ball Under Water" for Bulls, PYPL Buy Opportunity
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"We have a beach ball held under water" when it comes to bullish momentum in the stock market, argues Thomas Hayes. While at least half of S&P 500 (SPX) stocks currently trade under their 200-day SMA, Thomas considers these levels extremes that won't hold long-term. The U.S.-Iran war is one factor he sees as a lasting headwind though holds confidence that selloffs will become buying opportunities. Thomas makes the bull case for PayPal (PYPL) as he sees free cash flow giving the company opportunity for business growth. ======== Schwab Network ======== Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185 Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7 Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch Watch on Vizio - https://www.vizio.com/en
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