NEW YORK, NY / ACCESSWIRE / June 27, 2017 / The Dow and S&P 500 eked out modest gains on Monday, despite a poor performance from the technology sector. The Dow Jones Industrial Average gained 0.07 percent to close at 21,409.55, while the S&P 500 Index rose 0.03 percent to close at 2,439.07. The tech-heavy NASDAQ Composite Index declined 0.29 percent to close at 6,247.15. The S&P 500 has gained approximately 8.9 percent in the first half of 2017. Some analysts are still predicting the upward trend to continue in the second half of 2017.

"When the 500's first-half price gain was between 7% and 12%?the market went on to record an average price rise of 5.1% during the second half and posted a positive performance an above-average 87% of the time," wrote CFRA's Chief Investment Strategist, Sam Stovall.

RDI Initiates Coverage on:

GrubHub Inc.
https://ub.rdinvesting.com/news/?ticker=GRUB

Paypal Holdings Inc.
https://ub.rdinvesting.com/news/?ticker=PYPL

GrubHub's shares fell 6.42 percent to close at $44.64 a share on Monday. The stock traded between $44.40 and $46.68 on volume of 5.65 million shares traded. Analysts at Morgan Stanley have recently downgraded the company's rating to "equal weight" from "overweight" and also lowered its price target of the stock to $43 from $47. The firm cited growing competition from Amazon as one of the main factors for the downgrade. On June 8th, the GrubHub announced the acquisition of Foodler, one of the largest independent North American online food-ordering companies, in an all-cash transaction. Shares of GrubHub have gained approximately 18.66 percent year-to-date.

Access RDI's GrubHub Research Report at:
https://ub.rdinvesting.com/news/?ticker=GRUB

Paypal's shares declined 1.09 percent to close at $53.74 a share on Monday. The stock traded between $53.65 and $55.10 on volume of 4.89 million shares traded. Analysts at BTIG currently have a "buy" rating on the company and have recently raised its price target on the stock to $63 from $53. On June 5th, PayPal Canada and Canada Post announced a new integrated payment and shipping solution for small businesses. Shares of Paypal have gained approximately 36.15 percent year-to-date.

"Shipping and order fulfillment is one of the most challenging aspects of e-commerce in Canada," noted Paul Parisi, President, PayPal Canada. "Our small business customers have shared that it's one of their top concerns and often keeps them awake at night. With today's new solution with Canada Post, we are solving a major pain point for our customers and helping them grow."

Access RDI's Paypal Research Report at:
https://ub.rdinvesting.com/news/?ticker=PYPL

Our Actionable Research on GrubHub Inc. (NYSE: GRUB) and Paypal Holdings Inc. (NASDAQ: PYPL) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and reviewed by Hemal K. Gandhi, CFA® charter holder. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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SOURCE: RDInvesting.com