Jun. 30 at 8:49 PM
$PYPL continues to be one of the more frustrating positions in an otherwise strong book.
While most holdings are performing well, names like
$PYPL and
$NKE stand out as underperformers where fundamentals haven’t translated into price action due to a weak or unclear market narrative.
The issue isn’t necessarily business quality-it’s perception and momentum. And in this market, that gap matters.
At some point, management has to change the trajectory in a meaningful way, whether through strategic pivoting, consolidation, or even being absorbed into a larger ecosystem. Because incremental changes so far haven’t been enough to shift sentiment.
Until that happens, it remains a name where the story is still lagging the numbers.
