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MARKETS LIVE BLOG:

STOCKS EXTEND GAINS AS RESULTS SEASON KICKS INTO HIGH GEAR

Tech-focused investors prepare for fresh wave of earnings highlighted by struggling Tesla

Top Stock Picks for Week of June 10, 2019

Panel Of Zacks Experts

PayPal Holdings Inc. PYPL, operates a technology platform offering online payment solutions. PayPal continues to forge strategic partnerships. Its two-sided platform enables it to develop and maintain direct financial relationship with both customers and merchants. The company is leaving no stone unturned to bolster its presence in the booming e-commerce market on the back of its improved offerings. This is evident from its latest move of launching a new solution, PayPal Commerce Platform. The Zacks Consensus Estimate for PYPL's full-year earnings has moved higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend. Based on the most recent data, PYPL has returned double digits so far this year,outperforming the industry it belongs to.

Facebook Inc. FB, operates a social networking website worldwide. Facebook has witnessed significant traction in online and mobile advertising spending in a short span of time. Mobile ad revenues are growing rapidly primarily due to the fact that mobile ads have far more ad recall value than other mediums. Facebook intends to capture the opportunity presented by ever-increasing video viewing on social media platforms. The company is considered to have pioneered the concept of social networking, which is why it enjoys a first mover’s advantage in this market. It has a strong balance sheet and generates significant cash flow, which makes it an attractive stock for investors.  Shares have outperformed the industry on a year-to-date basis.

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