PayPal Soars, American Express Sinks, Domino's Climbs | Stock Movers
149 segments
Bloomberg Audio Studios podcasts, radio,
news,
>> the Stock Movers Report, your roundup of
companies making moves in the stock
market, harnessing the power of
Bloomberg data. I'm Carol Messer along
with Emily Grafo. Let's get to some
stocks on the move on this Monday.
Bloomberg News managing editor for
Bloomberg Markets live blog, Christina
Kino, is in the house. Um, there were
some stocks moving even though there was
like general malaise in the trade. Where
shall we begin?
>> Yeah. Well, let's talk about PayPal
because just because it's a snow day
doesn't mean that M&A Monday has to stop
and is very much uh attracting M&A
interest. And as a result of those
shares, sticker PYPPL are up more than
5% nearly 6% actually uh as of the
close. And so the details are that the
company is attracting takeover interest
from potential buyers. has fielded uh
meetings with several banks regarding
this. At least one large rival is
looking at the whole company while some
other suitors are only interested in
certain PayPal assets. So this is all
according to Bloomer sources who have uh
uh divulged some of those uh
information. And you know this is all
because PayPal has lost about half of
its value over the last 12 months. It's
currently trading at $4069 a share
versus $75 just over a year ago. And so
it makes a lot of sense. It's attracting
>> so much.
>> I mean a lot of challenges probably
related to uh payments competition,
right? Uh I guess so, right?
>> Yeah. Cuz I mean a lot of uh banks,
right? Like are diving into that space
in addition to kind of more traditional
competitors like uh Venmo, Zel, all that
stuff. So many different choices.
>> Yeah. Alternative ways to pay for
things.
>> Too many choices. Yeah, I would say.
>> Too many choices.
>> All right. Uh let's go to MX. There's a
great story right that we've been all
talking about this research.
>> Absolutely. Yes. And that is exactly why
we have seen American Express shares
sticker AXP down 7% uh as of the close
and yes as you mentioned Carol all
because of the Catrini research report
again interesting because they're
outlining a scenario. It's not a
prediction uh but it still struck a
nerve in markets and so American Express
one of the companies named in that
report as companies that are very
vulnerable to a disruption uh that will
could be caused by AI if this scenario
comes to light and you know some of the
hypothetical scenarios uh that Catrini
research looked at uh really seeing
credit card companies like AMX as well
as food delivery services among the
companies that are facing trouble and
yeah we've seen now those shares down by
the almost in 10 months as a result of
that.
>> A lot of it having to do with what you
said, AI disruption. Like so many of
these companies are built on what they
lay out as human intelligence. And they
talk about how human intelligence will
really deteriorate as AI gets more
powerful.
>> Yeah.
>> Depending on if you side with the robots
or the people is going to depend on
whether that's good or not.
>> I don't know. Oh, it's like I feel like
so many people have said about it's how
we will work and interact and use AI in
our jobs and how we do things. And so I
don't know is it just like taking an app
to another level, you know what I mean?
Like we now there are things that I used
to pick up a phone or talk to somebody
about that I just do automatically on an
app. So I don't know.
>> But there's something about the human
interaction still, right? Particularly
in serviceoriented industries like
credit cards. I actually would much
rather speak to a human about my credit
card bill uh than than a robot. So there
you go.
>> Or a chapat of some sort. Uh one thing
we all like to do, I think it's safe to
say, is eat pizza. Um Domino's. Let's
get to
>> we got to talk about pizza today. And
Domino's specifically. So ticker DPO
shares are up 4% uh at the close. And
that is because they did report a larger
than expected rise in uh same store
sales. Consumers definitely uh being
drawn to the pizza chains budget
friendly pies and yeah, we've seen an
increase of 3.7% in the fourth quarter
for their same store sales and that's
well above the 3.3% that was projected
by analysts and of course uh we're also
seeing an optimistic projection from
them for that same metric. They're
looking at about a 3% rise for that uh
for the full year in 2026. And yeah, a
lot of that because of this uh best deal
ever pizza promotion. So what's what's
the verdict on Domino's then, Carol? I I
>> Oh, I know. I know.
>> It's been a while since you partaken.
>> My husband used to love I think Dominoes
and so I think occasionally or we'd be
on the road and I'd have to go.
>> It's in its own world. I'm not saying
it's like the same as a New York or
Connecticut.
>> That's a different Is it a coal fired
oven? I
>> I don't think Is it even an oven? I
think it is. They have ovens. Cheap pies
and stuffed crust driving the sales
video.
>> The Stock Movers Report from Bloomberg
Radio. Check back with us throughout the
day for the latest roundup of companies
making news on Wall Street and for the
latest market moving headlines. Listen
to Bloomberg Radio Live. Catch us on
YouTube, Bloomberg.com, and on Apple
CarPlay and Android Auto with the
Bloomberg Business App.
Ask follow-up questions or revisit key timestamps.
The Bloomberg Stock Movers Report highlights key company movements. PayPal's shares are up due to attracting M&A interest, despite losing significant value over the past year and facing stiff competition in the payments sector. American Express (AMX) shares are down, impacted by a research report suggesting its vulnerability to AI disruption, prompting discussion on the role of human interaction in service industries. Meanwhile, Domino's shares rose after reporting higher-than-expected same-store sales, driven by budget-friendly pizzas and positive future projections.
Videos recently processed by our community