Shares of digital payments platform PayPal (NASDAQ: PYPL) soared in the early days of the pandemic, but they've tumbled around 71.8% from the high they reached in 2021. Smelling a bargain, Ray Dalio and the fund he manages, Bridgewater Associates, bought up more than 1.1 million shares of PayPal during the second quarter. Dalio is attracted to PayPal as a long-term holding because its ubiquitous payments platform has a strong competitive advantage that should endure.
Electronic Arts (NASDAQ: EA) and Take-Two Interactive Software (NASDAQ: TTWO) have both had immense success in the world of video game stocks. The companies have released some of the world's most popular and lucrative game franchises, including Grand Theft Auto, Red Dead Redemption, FIFA, and Madden. Consequently, investors looking to add a gaming stock to their portfolio might consider one of these companies.
Take-Two Interactive (TTWO) closed the most recent trading day at $109.57, moving -0.72% from the previous trading session.