(US) Fintech Recovery Stocks - Mastercard & Block
If a bull market returns, fintech stocks might be among the first sectors to recover and these 3 top fintech stocks are worthy additions to the growth stock portion, according to the Motley team.
AFFIRM HOLDINGS (AFRM) - Affirm is a leader in the Buy Now Pay Later (BNPL) industry and it has deals with e-commerce giants Shopify and Amazon to be their exclusive BNPL provider. When a new bull market comes around, its stock will likely stage a recovery. It closed at USD22.300 (-USD1.69) last Friday.
BLOCK INC (BLOCK) - While both Square and Cash App are outstanding businesses on their own, what makes Block special is its ability to integrate these two segments over time. The company's acquisition of BNPL specialist Afterpay, completed in January, should boost the number of transactions and payment volume over time. It closed at USD64.890 (-USD4.29) last Friday.
MASTERCARD INC (MA) - Mastercard is still uncovering lots of new uses for its network, even in less-than-ideal economic circumstances. Mastercard currently trades at 32x trailing-12-month earnings per share, or 37 times enterprise value to free cash flow. It closed at USD315.130 (-USD1.90) last Friday.
Source: The Motley Fool
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