FINX News and Press, Global X FinTech ETF From 07/07/22

The S&P just had its worst start of the year since 1970. We are in a bear market, with many stocks cut in half or much worse. Let's face it, we all have big losers in our portfolio at the moment. However, a broken stock is not always a broken business. Let's review how...

Shares of PayPal Holdings (NASDAQ: PYPL) fell 18% in June, according to data provided by S&P Global Market Intelligence . The stock's movements completely correlated with the moves of other financial-technology (fintech) stocks during the month, showing that investors a...

Today, we put Virtu Financial in the spotlight for the first time. This small market maker and financial concern is selling for six times earnings and sporting a better than four percent yield after a recent sell-off. Insiders were heavy sellers earlier in 2022, but no selling has...

Paymentus had its IPO in May 2021, raising approximately $210 million. The firm provides billing and payment software as a service to companies in various industry verticals. PAY has grown revenue but operating income has evaporated and the firm faces a recession likely already un...

SoFi could approach new lows in the short term. Fintechs are currently wildly out of favor, even those that achieve EBITDA-level profitability. Taking a longer-term view could help investors understand SoFi’s value. Yesterday, shares of personal finance company So...

SoFi Technologies stock has been extremely volatile, bottoming in the $4's, spiking to nearly $8, and now back to the $5 range in just a few weeks. You can trade long and short, but on the next selloff in this bear market rally, you can accumulate. Expect an H2 2022 ramp in EBITDA...

Why the long-term outlook for tech may still be optimistic? How a recession might impact the tech sector? What a post-pandemic market looks like for tech companies? For further details see: Tech Stocks Have Tumbled In 2022, But Is The Worst Almost Over?

Upstart was savaged (+50%) after their Q1 earnings call, falling disproportionately relative to a moderation in revenue growth and a  contraction in profit margins forecast for the rest of 2022. The Market's stern response can be attributed to three main factors: first, Upstart's...

In China, a tightening of the credit cycle led to a major reset in the valuations of big tech stocks in the country. Big tech stocks in the US also now face a major regulatory crackdown of their own, both here and in Europe. The lesson that might be gleaned from China’s exp...

Intuit posted strong Q3 results, beating the top and bottom lines and raising full year guidance. Intuit’s stock saw a strong positive reaction to these earnings, although if we zoom out, there’s still a long way to go until ATH. The strong performance was driven by ...