PayPal: Buy On Breakout To Record Levels

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About: PayPal Holdings, Inc. (PYPL)
by: Josh Rudnik
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Josh Rudnik
Portfolio strategy, hedge fund manager, long/short equity
Summary

PYPL shares are breaking out higher.

Its operations continue to expand rapidly.

I am buying shares of this name.

PayPal (PYPL) is breaking out to record levels on strong fundamental growth. Management is effectively growing both its merchant partners, as well as its customers. This is leading to increasing transaction volume. Although