Better Buy: PayPal Holdings vs. American Express
PayPal Holdings (NASDAQ: PYPL) and American Express (NYSE: AXP) have both done very well in 2019, but trouble may be on the horizon if the economy starts to slow. Once consumer spending starts to stumble, it could lead to a big correction for these two stocks. Let's take a closer look at these companies to see which one is in better shape to weather a possible recession.
PayPal Holdings has evolved over the years from the preferred payment source in the eBay marketplace to a much more widely used platform. Today, PayPal is employed regularly by users of apps like Uber and Spotify, in addition to many other businesses. The payment processor has become a go-to option for many when it comes to digital payments.
With names like Venmo, Bill Me Later, and Hyperwallet, PayPal has been busy with acquisitions over the years that have helped its revenues soar from $9.2 billion in 2015 to $15.5 billion in 2018, an increase of more than 67%. That's been good enough to put PayPal solidly on the Fortune 500 list, almost within the top 200.
Source Fool.com
