Lithium Americas Gets Mining Approval and PayPal Sees Good Technicals
Lithium Americas Corp is advancing the Cauchari-Olaroz lithium brine project in Jujuy, Argentina and Thacker Pass lithium project in Nevada, USA to production. Lithium Americas is a Canadian-based company listed on both the Toronto Stock Exchange (TSX) and New York Stock Exchange (NYSE).
As a major mining company, Lithium Americas must get approval from the government to conduct their operations in a legal and safe manner. However, these approvals don’t come often, but when they do, the stock may win big. Recently, a U.S. federal judge has given Lithium Americas Corp approval to conduct excavation work at Thacker Pass lithium mine. The mine is a site in Nevada. However, the court has made the decision under some backlash from environmentalists who said the digging could harm wildlife such as sage grouse.
PayPal Holdings, Inc. is an American company operating an online payments system in many countries that support online money transfers and serves as an electronic alternative to traditional paper methods such as checks and money orders.
PayPal stock has moved positively into a potential buy zone with a cup-with-handle base pattern. The weekly chart is indicating a buy point of $307.92. PayPal also cleared $277.96 early entry. PayPal’s relative strength line has seen improvement , reaching a four-month high. In the long term, PayPal’s stock has collected a long history of outperforming the broader market. PayPal’s earnings are also strong with their EPS Rating coming in at 97/99. Over the last 3 quarters, their EPS has grown by 52% on average. PayPal’s Venmo has been growing as well, with their evolution from only person to person money transfers to now, a broad consumer financial services app.
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.