PayPal Holdings, Inc. (PYPL)'s Figures Share Key Insights For The Economy, Says Jim Cramer

We recently published 10 Stocks Jim Cramer Talked About As He Warned About “Have-Not” Stocks. PayPal Holdings, Inc. (NASDAQ:PYPL) is one of the stocks Jim Cramer recently discussed.

PayPal Holdings, Inc. (NASDAQ:PYPL)’s shares have lost 21% year-to-date as the firm has struggled to to worries about the impact of tariffs on the American economy and on retail spending. Cramer’s previous comments about the firm have mentioned these headwinds, and PayPal Holdings, Inc. (NASDAQ:PYPL)’s stock fell by 14% in late July and early August after it reported its second quarter earnings. The shares fell despite a revenue and earnings beat as investors fretted about higher expenses and slower transaction volumes. Cramer linked PayPal Holdings, Inc. (NASDAQ:PYPL)’s results with US economic performance:

“PayPal, very important. Cross border volume up 15%.  That cuts to the economy being very strong.”

Earlier, he discussed the impact of tariffs on PayPal Holdings, Inc. (NASDAQ:PYPL):

“It’s entirely possible that the negative effects are one-time only and will go away as we get more trade deals, but right now, we’re in the thick of it. You know what? It just doesn’t feel good, and honestly, it’s hard to dismiss them… [as] one-off when even fintech giant PayPal revealed slower growth in payments, blaming tariff fears.

The Chief Financial Officer, Jamie Miller, said, and I quote, ‘We observed a slight softening in retail spending in the US, most apparent in areas likely impacted by tariffs.’ After all the robust consumer spending we saw when the banks reported two weeks ago, I was surprised by the news from PayPal, so was the market, with the stock falling more than 8%. I say ouch.”

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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.