SentinelOne (S) soared over 15% Wednesday afternoon, after the cybersecurity firm posted a narrower-than-expected third-quarter quarter loss and issued upbeat guidance. SentinelOne stock has gained 60% year-to-date. Brown-Forman (BF-B) shares dropped as the Jack Daniel's parent company reported a 2% decline in net whiskey sales. The company trimmed its 2024 organic net sales outlook, though tequila and ready-to-drink revenues rose. Bank of America (BAC) downgraded both Toast (TOST) and PayPal (PYPL) shares from "Buy" to "Neutral." Analysts see 2024 as a transition year for PayPal, while for Toast, increased competition and "slower top-line momentum" could be headwinds. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Two investments that are down this year but could be poised for better performances in 2024 are PayPal Holdings (NASDAQ: PYPL) and Dollar Tree (NASDAQ: DLTR). For investors looking for some deals heading into next year, here's a closer look at why these are two of the best stocks to buy right now. Shares of PayPal have been underperforming -- down 16% so far this year -- and there are valid reasons investors may be feeling down about the business.
PayPal Holdings, Inc. (NASDAQ: PYPL) today announced the appointment of Suzan Kereere as President, Global Markets, effective January 1, 2024. She will have end-to-end accountability for leading PayPal's local businesses and growth strategies in the markets around the world where the company operates to ensure seamless execution and drive profitable growth. This includes overseeing the global sales and distribution of PayPal's products and services, helping to drive PayPal's position as a leadin