With inflation numbers still running hot, it's difficult to see the Federal Reserve easing up on its tightening stance regarding the economy. But some market experts point to a slowdown in August inflation data compared to July as a sign that we may have already seen the bottom for the S&P 500 , and that better days are ahead for investors.
If a bull market returns, fintech stocks might be among the first sectors to recover. Investors hoping to take advantage might want to seriously consider Affirm Holdings (NASDAQ: AFRM) , Block (NYSE: SQ) , or Mastercard (NYSE: MA) stocks. These three top fintech stocks are worthy additions to the growth stock portion of an investor's portfolio.
Anthony Di Pizio (Affirm): Buy now, pay later (BNPL) is a relatively new twist on installment-based lending that exploded in popularity over the last few years. It serves as a disruptor to traditional consumer credit products like credit cards, in part, because providers like Affirm are using technology to appeal to younger consumers. It's popular, in part, because it charges interest rates that vary based on credit scores as opposed to charging a fixed, blanket (often high) rate.
For further details see:
3 Top Growth Stocks for the New Upcoming Bull Market