Investing

Raymond James Says 5 Buy-Rated Large Caps Are Huge Tax-Loss Selling Deals

Global Payments

As the economy continues to ramp up, this top company should benefit in a big way. Global Payments Inc. (NYSE: GPN) provides payment technology and software solutions for card, electronic, check and digital-based payments in North America, Europe, the Asia-Pacific and Latin America.

The company operates through three segments. The Merchant Solutions segment offers authorization services, settlement and funding services, customer support and help-desk functions, chargeback resolution, terminal rental, sales and deployment, payment security services, consolidated billing and statements, and online reporting services.

The Issuer Solutions segment offers solutions that enable financial institutions and retailers to manage their card portfolios through a platform, as well as commercial payments and ePayables solutions for businesses and governments.

The Business and Consumer Solutions segment provides general-purpose reloadable prepaid debit and payroll cards, demand deposit accounts and other financial service solutions to the underbanked and other consumers and businesses under the Netspend brand.

Investors in Global Payments stock receive a 0.50% dividend. The $195 Raymond James price target is less than the $200.07 consensus target. Yet, both are well above the $127.03 close after a pop of almost 6% on Monday.

PayPal

This stock has long been a Wall Street favorite and may be the strongest ideas of all of these damaged companies. PayPal Holdings Inc. (NASDAQ: PYPL) operates as a technology platform company that enables digital and mobile payments on behalf of consumers and merchants worldwide.

The company enables businesses of various sizes to accept payments from merchant websites, mobile devices and applications, as well as at offline retail locations through a range of payment solutions across its payments platform, including PayPal, PayPal Credit, Venmo and Braintree products.

PayPal’s platform allows customers to pay and be paid, withdraw funds to their bank accounts and hold balances in their PayPal accounts in various currencies.

Raymond James has set a $264 price target, and the posted consensus target is $281.04. PayPal stock closed at $184.86 on Monday.

Qualtrics

This is another stock that has incredible potential that has been absolutely hammered. Qualtrics International Inc. (NASDAQ: XM) operates an experience management platform to manage customer, employee, product and brand experiences worldwide.

The company offers the Qualtrics Experience Management Platform, a system of action that helps businesses attract customers, engage employees, develop products and build a brand.

Qualtrics International also provides professional services that primarily consist of research services, through its DesignXM, which allows customers to gain market intelligence, as well as implementations, configurations and integration and engineering services to help customers deploy its XM Platform.

Raymond James’s $55 price target is a bit higher than the consensus target of $54.36. Monday’s final trade was reported at $33.87, after close to a 4% gain for the day.


These companies have very strong positions in their respective sectors and silos. Even though reopening fears, corporate fundamentals and tax-loss selling are the among issues behind the declines, they all make sense for long-term growth investors looking for top stocks at bargain-basement prices.

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