Just curious as I’m averaging down on all of these plays since I bought them earlier this year. I do own all of these tickers because I believe this sector of the market was hit too hard compared to the rest of the market.
$PYPL – largest of the bunch and led the pack in its journey from $300 to $60 (70%+ drop). Trailing P/E of 56 and probably the safest option here. No doubt about this one recovering.
$SHOP – different branch of the same sector, e-commerce. E-commerce took a large hit in the past year but is most likely to recover in the next couple. Trailing P/E of 263. Took an 80%+ drop from all time highs and is at pre-pandemic levels. Just beat on earnings. Middle ground between the 3 of these plays.
$UPST – arguably the riskiest of the bunch but with the most potential. Fell from $400 per share to just over $20. 95% drop. Market cap just about $2 billion. Trailing P/E of 24, but expecting negative net revenue in Q3. Company is constantly pumping out good news and new partnerships.
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