William Blair analyst Robert Napoli says that while recent acquisitions and the sale of its credit business "could complicate near-term visibility, PayPal's (PYPL) fundamentals remain strong. The 13% drop in PayPal's share price from its highs, taking the valuation to 17 times 2019 EBITDA, brings an attractive entry point for long-term investors, Napoli tells investors in a research note. He believes the company's earnings should grow at a high-teens to 20% rate over the medium term. Ahead of September quarter results on October 18, Napoli lowered his 2020 earnings per share estimate for PayPal to $3.32 from $3.40 to account for the roll-off of the eBay (EBAY) processing business. He keeps an Outperform rating on the shares.

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Unusual total active option classes on open include: Wrap Technologies (WRAP), AstraZeneca (AZN), JetBlue (JBLU), United Continental (UAL), Taiwan Semi (TSM), Nokia (NOK), EBay (EBAY), Maplebear Inc (CART), Airbnb (ABNB), and UnitedHealth (UNH).