SQ - Tech Sell-Off: 1 Fintech Growth Stock to Buy and 1 to Avoid
Financial technology, or fintech for short, is one of the most lucrative sub-segments of the tech market. After all, everybody needs to make payments, and most people take out loans in their lifetimes, whether it's to purchase clothes or a new house.
For those reasons, there is never a shortage of innovative companies in the stock market bringing their own unique spin to the age-old financial sector. That spells opportunity for investors but, as with any other industry, it's important to be selective.
Fiserv (NASDAQ: FISV) and Block (NYSE: SQ) are on opposite ends of the spectrum right now. The former has outperformed the market in 2022, whereas the latter has been crushed. Here's why.
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Tech Sell-Off: 1 Fintech Growth Stock to Buy, and 1 to Avoid