After going straight down for the last year PayPal (PYPL) is showing signs of life. 2Q22 Total Payment Volume (TPV) rebounded to $340 billion. Revenue of $6.8 billion also speaks to stabilization. As a result, PYPL was able to slightly raise its full year EPS guidance to $3.87-$3.97. After a nice bounce, PYPL is up another 14% in the after hours so I wouldn’t chase it here.

PYPL – and many other ecommerce plays – got too expensive during the pandemic due to easy money and the turbocharge ecommerce received from people staying at home. But ecommerce is still a thing and PYPL is a major player. It's not going to $0.

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