FINX News and Press, Global X FinTech ETF From 07/27/22

Elliott Management is reported to have established a significant stake in PYPL and reportedly intends to urge management to hasten cost-cutting plans. The news has shares rising over 10% as investors speculate over Elliott's plans. With earnings up next week, we discuss how to tra...

Reassessing valuations in the fintech and payments sector, Credit Suisse analyst Timothy Chiodo downgraded Repay Holdings ( NASDAQ: RPAY ), Nuvei ( NASDAQ: NVEI ), and Global Payments ( NYSE: GPN ) to Neutral last week, citing risk to earnings estimates in the event ...

Affirm reported a stronger than expected quarter in May, with revenue and GMV both coming in nicely above expectations. Guidance for Q4 was slightly disappointing, with revenue below consensus at the midpoint and adjusted operating loss widening. Valuation does not appear overly a...

Management teams will likely need to learn to do more with less. A rising tide of valuations, coupled with excessive use of stock compensation, has helped to keep a lid on labor expenses. This environment will likely bring prolonged pain to the more speculative corners of the mark...

Closely held payment-tech firm Stripe ( STRIP ) has cut the internal value of its shares by 28%, the Wall Street Journal reported Thursday, citing people familiar with the matter. It was last valued by private investors at $95B in a March 2021 funding round. The co...

As companies adjust to inflation, rising interest rates, and a likely economic slowdown, investors are struggling to compute future earnings and the impact on stock valuations. Broadening the sources of stability can help diversify risk and return potential. Geopolitical risk and ...

We got stopped out on several Block stock trades, and the stock has been lower every time we have been bullish. It has been an absolute disaster on our track record. Despite how awfully wrong we were in the near term, there is a lot of potential in Block stock. Stock has been ...

Today, we take our first look at nCino Inc., a fast-growing financial software company. Despite 50% revenue growth, this SaaS concern catering to financial institutions is deep in Busted IPO territory. An investment analysis follows in the paragraphs below. All thing...

Why the economy, practically speaking, may already be in recession. Why defensive sectors may be worth a closer look in the current environment. Market sentiment might be bearish, but that doesn't mean there aren't opportunities. Aggressive moves by central banks...

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...