2 Top Fintech Stocks to Buy in March
If history is any indication, March should be a decent month for the stock market. A recent analysis by Liberated Stock Trader found that the S&P 500 has historically gained about 1% in March, on average, going back to 1970. It's not the best month (that would be November with an average 1.6% return), but it is better than February, May, June, July, August, and September, and it's tied with October.
Of course, these are averages, so certainly the month has its share of ups and downs. But if you are looking to add some long-term stocks to your portfolio this March, you can find some good fintechs at discounted valuations. Here are two great options.
PayPal (NASDAQ: PYPL), the grandaddy of payment fintechs, has seen its price-to-earnings (P/E) ratio plummet over the past two years, from over 70 in the summer of 2021 to about 35 right now. That may still seem high for many stocks, but for PayPal, it is more in line with its historical range and, for the most part, as low as it has been since 2016.
Source Fool.com
