Despite higher inflation and weaker domestic/global growth prospects weighing on consumer spending, the total payment volume traversing PayPal's digital platforms keeps climbing by a double-digit percentage on a constant-currency basis. Although regulatory overhangs and China's zero-COVID-19 strategy have acted as cement weights on shares of Baidu in recent quarters, the company's clear-cut competitive advantages make it a no-brainer buy at depressed levels. Because the Chinese economy spends a substantial amount of time expanding relative to contracting, Baidu is able to command superior ad-pricing power for its internet search engine.