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Fintech stocks have been hit hard this year, but that doesn't make these companies a bad long-term investment.
In this video, I will compare Adyen (ADYE.Y -4.79%) and StoneCo (STNE -1.00%), looking at the state of both companies in 2023. Worldline (the French payment company) issued a warning on Wednesday that sent fintech stocks down, but on Tuesday, Visa issued a more positive outlook during its earnings call.
*Stock prices used were from the trading day of Oct. 24, 2023. The video was published on Oct. 24, 2023.
Neil Rozenbaum has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Adyen and StoneCo. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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