{"id":655,"date":"2022-02-04T16:25:00","date_gmt":"2022-02-05T00:25:00","guid":{"rendered":"https:\/\/rncgenter.wpengine.com\/?p=655"},"modified":"2022-02-10T09:30:56","modified_gmt":"2022-02-10T17:30:56","slug":"the-wall-street-journal-disappointing-meta-paypal-earnings-send-shudders-through-stock-market","status":"publish","type":"post","link":"https:\/\/gentercapitalmanagement.com\/the-wall-street-journal-disappointing-meta-paypal-earnings-send-shudders-through-stock-market\/","title":{"rendered":"The Wall Street Journal &#8211; Disappointing Meta, PayPal Earnings Send Shudders Through Stock Market"},"content":{"rendered":"\n<h3 class=\"has-white-color has-text-color wp-block-heading\">Quoted from The Wall Street Journal:<\/h3>\n\n\n\n<p>\u201cThe level of forgiveness has gone down,\u201d said Daniel Genter, chief executive and chief investment officer at RNC Genter Capital Management. \u201cWhen boards come to their shareholders to confess their sins, they\u2019re just not going to be pardoned with one Hail Mary.\u201d<\/p>\n\n\n\n<p>Meta, PayPal and Spotify entered 2022 at rich valuations. While the S&amp;P 500 ended December trading at 21.5 times its projected earnings over the next 12 months, Meta was trading at 23.6 times, PayPal at 36 times and Spotify at 543.9 times, according to FactSet. Spotify isn\u2019t an index constituent. By Thursday, Meta\u2019s multiple had pulled back to 18 times forward earnings, while PayPal traded at 25.6 times. Spotify, meanwhile, traded at 666.2 times, after analysts cut their earnings forecasts.<\/p>\n\n\n\n<p>\u201cThose stocks were really priced way beyond perfection,\u201d Mr. Genter said. \u201cPeople are saying, well, guess what, perfection is not here.\u201d<\/p>\n\n\n\n<h3 class=\"has-white-color has-text-color wp-block-heading\">End Quote.<\/h3>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.wsj.com\/articles\/disappointing-meta-paypal-earnings-send-shudders-through-stock-market-11643906563?page=1\">Click Here To View The Full Article<\/a><\/h3>\n","protected":false},"excerpt":{"rendered":"<p>Quoted from The Wall Street Journal: \u201cThe level of forgiveness has gone down,\u201d said Daniel Genter, chief executive and chief investment officer at RNC Genter Capital Management. \u201cWhen boards come to their shareholders to confess their sins, they\u2019re just not going to be pardoned with one Hail Mary.\u201d Meta, PayPal and Spotify entered 2022 at &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/gentercapitalmanagement.com\/the-wall-street-journal-disappointing-meta-paypal-earnings-send-shudders-through-stock-market\/\"> <span class=\"screen-reader-text\">The Wall Street Journal &#8211; Disappointing Meta, PayPal Earnings Send Shudders Through Stock Market<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":2,"featured_media":652,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"categories":[19],"tags":[],"class_list":["post-655","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-written-articles"],"_links":{"self":[{"href":"https:\/\/gentercapitalmanagement.com\/wp-json\/wp\/v2\/posts\/655"}],"collection":[{"href":"https:\/\/gentercapitalmanagement.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gentercapitalmanagement.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gentercapitalmanagement.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/gentercapitalmanagement.com\/wp-json\/wp\/v2\/comments?post=655"}],"version-history":[{"count":0,"href":"https:\/\/gentercapitalmanagement.com\/wp-json\/wp\/v2\/posts\/655\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gentercapitalmanagement.com\/wp-json\/wp\/v2\/media\/652"}],"wp:attachment":[{"href":"https:\/\/gentercapitalmanagement.com\/wp-json\/wp\/v2\/media?parent=655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gentercapitalmanagement.com\/wp-json\/wp\/v2\/categories?post=655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gentercapitalmanagement.com\/wp-json\/wp\/v2\/tags?post=655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}