3 Fintech Stocks You Can Buy Today
Inflationary pressures and rising interest rates have weighed heavily on the stock market in 2022. The period of cheap capital looks like it could be waning, and many high-growth stocks -- including fintechs -- have taken a hit.
Global X FinTech ETF, one of the largest fintech exchange-traded funds out there, is down 23% to start this year and down 32% over the last year. This sell-off has created buying opportunities for several solid fintech companies, including PayPal Holdings (NASDAQ: PYPL), Coinbase Global (NASDAQ: COIN), and Silvergate Capital (NYSE: SI).
PayPal saw its business boom amid the pandemic. The digital-payments company benefited from the lockdowns and shifting consumer preferences that ushered in contactless payment options and an explosion of online shopping.
Source Fool.com
