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Are some fintech stocks too cheap to ignore right now?
Worldline (the French payment company) issued a warning on Wednesday that sent fintech stocks like PayPal (PYPL 1.44%), SoFi (SOFI 4.24%), and Block (XYZ 2.23%) down more than 5%. In this video, I'll explain what happened and what analysts are expecting from all these companies that have yet to report quarterly earnings.
*Stock prices used were from the trading day of Oct. 26, 2023. The video was published on Oct. 26, 2023.
Neil Rozenbaum has positions in Block and SoFi Technologies. The Motley Fool has positions in and recommends Block and PayPal. The Motley Fool recommends the following options: short December 2023 $67.50 puts on PayPal. 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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