FINX - 3 Fintech Stocks That Can Keep Growing Profit
2023-04-26 10:20:42 ET
It's been a rough couple of months for fintech stocks. The broader market is struggling but still moving forward while some financial technology names are actually losing ground ... at least as a group. The Global X FinTech ETF (NASDAQ: FINX) is now trading 15% below its February high, and is back to within striking distance of March's low.
Don't let this near-term, groupwide pullback deter you, though. Some of the names that got dragged into this sell-off represent companies that are still growing their profits. This weakness is ultimately a buying opportunity for select fintech stocks. Here's a closer look at three of the top prospects among these tickers.
It's an oldie but a goodie. Indeed, PayPal (NASDAQ: PYPL) could be considered the original financial technology outfit. It launched its online payment platform in 1998 when the internet itself was still young.
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3 Fintech Stocks That Can Keep Growing Profit