Economic uncertainty has battered the stock market this year, sparking recession fears that have driven the S&P 500 and the Nasdaq Composite into bear market territory. During that downturn, PayPal Holdings (NASDAQ: PYPL) has seen its share price nosedive 76%, marking its greatest loss of value since it became a public company (for the second time) in 2015. PayPal operates a two-sided payments network with 432 million active accounts, including 397 million consumers and 35 million merchants.
Companies overinvested during the heady growth days of 2020 and 2021, and, with a recession possibly around the corner, growth rates have fallen significantly. Among the losers are Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) and Amazon (NASDAQ: AMZN). While Alphabet gets attention for its cloud business and other bets, the company is an advertising platform at its core, and that is the source of nearly all of its profits.
Real estate investment trusts (REITs) are often known as boring income stocks more suitable for investors seeking income rather than growth. Prologis (NYSE: PLD) is one of the leaders in this space. Prologis is one of the leading logistics REITs in the world.