Trade Finance Forum › Forums › Market Regulations › Laws and Bills › I’m interested in investing in fintech stocks on the NASDAQ. Can you suggest some of the most promising companies to invest in, and what should I consider before making my investment decisions?
May 3, 2023 at 2:20 pm #2287Raabiya IssacParticipant
I’m interested in investing in fintech stocks on the NASDAQ. Can you suggest some of the most promising companies to invest in, and what should I consider before making my investment decisions?May 3, 2023 at 2:27 pm #2291Allen PaulParticipant
Before investing in any company, it is essential to consider various factors that can impact the performance of the tech stock. Some things to consider include the company’s financial health, its growth prospects, its competitive position within the industry, and its management team’s track record. Additionally, you should consider your investment goals, risk tolerance, and time horizon before making any investment decisions. Consulting a financial advisor or doing your own research can also help you make informed decisions. That said, here are some of the most promising fintech stocks on the NASDAQ:
-Square Inc (SQ): Square is a payment technology company that enables merchants to accept credit card payments through their mobile devices. They also offer a variety of other services, including cash advances, payroll processing, and small business loans.
– PayPal Holdings Inc (PYPL): PayPal is a digital payments platform that allows people to send and receive money online. They also offer a range of other financial services, including peer-to-peer payments, merchant services, and online checkout.
– Mastercard Inc (MA): Mastercard is a global payments technology company that provides payment processing services to merchants and financial institutions. They also offer a range of other services, including fraud detection and prevention, loyalty programs, and analytics.May 3, 2023 at 2:29 pm #2292Simon HaughtoneParticipant
Let me add a few more fintech stocks to the above list: – Bank of America: Bank of America has improved asset quality and efficiency since the 2008-09 financial crisis. It was named the No. 1 bank for “Online Banking and Mobile Banking Functionality” by Javelin in 2022 and “Best Consumer Digital Bank in the U.S.” by Global Finance. With a cheaper valuation and a 2.6% dividend yield, it’s an interesting fintech to consider. – Adyen provides payment processing solutions for large businesses such as Microsoft, Uber, and McDonald’s. It has processed over $700 billion in annualized payment volume as of mid-2022 and has a highly profitable 59% EBITDA margin that may improve as it scales. – MercadoLibre is known as the Amazon.com of Latin America, with over $30 billion in annualized merchandise sales volume. The company also has a logistics platform (Mercado Envios) and a lending business (Mercado Credito), both of which have seen significant growth in recent years.
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