1. PayPal is demonstrating good value despite competitive challenges; 2. The company has reduced outstanding stock by 13.65% over the last three years, leading to 4.75% CAGR EPS growth; 3. With an additional $15 billion in buyback authorization, the company has nearly $20 billion for buybacks, representing 28% of the outstanding stock; 4. Management is implementing new initiatives to improve monetization of Venmo and other products, potentially increasing margins; 5. PYPL stock is trading at a low valuation compared to EPS estimates for the next two fiscal years.

1. JD.com reported strong Q2 earnings, significantly beating analyst estimates on profitability, leading to a >15% surge in share price. 2. The company repurchased approximately $3.3 billion in shares in H1 2024, representing around 7% of outstanding shares. 3. Management aims for a high-single digit profit margin, potentially generating $10-11 billion in annual net earnings, presenting a deep value opportunity.