GSKY - PayPal Coinbase Upstart SoFi among top stocks added to SA users' portfolios this week
A handful of fintech stocks including PayPal (NASDAQ:PYPL), Coinbase (NASDAQ:COIN), Upstart Holdings (NASDAQ:UPST) and SoFi Technologies (NASDAQ:SOFI) are among the top stocks added to Seeking Alpha users' portfolios in the past week. Buying the dip? Still, these portfolio adds come at a time when fintech stocks (NYSEARCA:ARKF) (NASDAQ:FINX) post net negative returns in the past five sessions, lagging the broader stock market (SP500) as per the chart below. Even after beating Q3 earnings, PayPal (PYPL), the second largest holding in the Global X FinTech (FINX) exchange-traded fund, slips nearly 8% in the past five sessions as analysts cut price targets on weak guidance, in addition to missing Q3 revenue consensus. The ratio of the number of adds to SA users' portfolios for PYPL is 3,787; the portfolio removed/added ratio is 0.38. Shares of PYPL are still higher by 10% in the past year. SA's Quant Rating on PYPL, with the poorest factor grade in
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PayPal, Coinbase, Upstart, SoFi among top stocks added to SA users' portfolios this week