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4 Fintech Stocks To Watch Before August 2021

These 4 top fintech stocks are in focus before next month.
The post 4 Fintech Stocks To Watch Before August 2021 appeared first on Stock Market News, Quotes, Charts and Financial Information | StockMarket.com.

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4 Top Fintech Stocks To Watch This Week

Fintech stocks are among the best-performing stocks in the stock market over the past year. Many of the major players in the industry have been trending upwards since the market crashed back in March last year. After all, we are seeing a big shift towards a cashless society. Moreover, fears of coronavirus transmission through banknotes have also accelerated this transition. Whether it is the wave of a card or a tap on a smartphone app, fintech makes things easy. Simply put, as consumers continue to experience the pure convenience brought by the fintech industry, general adoption trends will likely persist.

When you think about it, fintech has existed in one form or another for a while. For instance, Green Dot (NYSE: GDOT) is a fintech company known for its prepaid debit card. Meanwhile, tech giant Apple Inc (NASDAQ: AAPL) has also been showing interest in the industry by introducing Apple Pay. Imagine this, you could now make a payment using your Apple Watch. All you need to do is set up Apple Pay in the Apple Watch app on your iPhone. Then, you could now make purchases even when you don’t have your iPhone with you. Safe to say, fintech is here to stay and this could just be the beginning. Overall, with the economy showing signs of recovery, investors could be eyeing the top fintech stocks in the stock market today. If you are one of them, here are 4 names to look out for before August 2021. 

Best Fintech Stocks To Buy [Or Sell] This Week

Paypal Holdings Inc

Let us start the list with the fintech giant, Paypal. Put simply, it is a technology platform and digital payments company that allows digital payments on behalf of consumers and merchants. Its combined payment solutions include PayPal, Venmo, Xoom, and Braintree. So, as a customer, you could use your account to purchase goods and transfer funds. PYPL stock has risen over 70% over the past year.

best fintech stocks (pypl stock)

With the company reporting its second-quarter earnings on Wednesday, let us review its first-quarter performance to gauge what to expect. Impressively, its revenue grew by 31% to $6.03 billion year-over-year. Furthermore, its net profit rose to $1.10 billion from a mere $84 million the prior year. There were also an additional 14.5 million new active accounts from its first quarter. From this, we can see the digital payment transition is well underway. So, would there be reasons to believe its second quarter would disappoint? 

Not to mention, PayPal also launched the PayPal Zettle in the U.S. a month ago. Hence, small businesses will get an integrated solution that allows them to accept a range of payments in-person with the Zettle card reader. So, it would help them to start selling online and help them manage sales, inventory, reporting, and payments across channels, all in one place. The timing for the launch comes at a perfect time as we see a historic shift in consumer behavior towards digital commerce. Businesses need to adapt to meet their customer’s needs wherever they are. Now, would you add PYPL to your August watchlist?

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Visa Inc

Next, we have one of the leaders in payment technology, Visa. Essentially, it is a company that connects consumers, merchants, financial institutions, businesses, and government entities to electronic payments. Visa provides digital payment options across more than 200 countries and territories. So, chances are, you may already have a Visa-branded credit or debit card in possession. V stock has been on a slow and steady climb, rising over 14% since the start of the year.

Visa Stock (V Stock)

Last Thursday, Visa announced it has signed a definitive agreement to acquire Currencycloud. It is a global platform that enables banks and fintechs to provide innovative foreign exchange solutions for cross-border payments. As of now, the Currencycloud platform supports nearly 500 banking and technology clients in over 180 countries. Thus, it will strengthen Visa’s existing foreign exchange capabilities and improve payment transparency for clients.

Visa is certainly on an acquisition spree as it also signed a definitive agreement to acquire Tink last month. Basically, Tink is a European open banking platform that allows financial institutions, fintech, and merchants to build tailored financial management tools. Given the company’s recent activities, is now the best time to watch V stock ahead of its earnings report scheduled to be released on July 27? 

[Read More] Up And Coming Stocks To Buy Right Now? 3 Retail Stocks In Focus

Square Inc

Following that, we have Square. For the uninitiated, this company provides a commerce ecosystem that enables its sellers to accept card payments. It also has a Cash App that provides financial tools available to individuals such as peer-to-peer payments, stock investing, and even purchasing bitcoin. SQ stock has been on many investors’ radars and with good reasons. It has more than doubled in price over the past year.

fintech stocks to buy (SQ stock)

Just last week, the company launched Square Banking, a suite of financial products to help small business owners easily manage their cash flow. By offering essential banking tools that work seamlessly with Square’s ecosystem solutions, sellers now have a single home for their entire business. This is a major milestone in Square’s continued efforts to expand access to financial tools for underbanked populations.

Furthermore, Square has also acquired Crew, a frontline employee platform for consolidating and streamlining day-to-day operations of hourly workforces. With this acquisition, Square gains a robust workplace messaging platform that will strengthen, complement, and scale its existing labor management tools. After all, communication is a critical element for all employers managing teams. Given the initiatives taken by the company recently, would SQ stock be a top fintech stock to watch now?

[Read More] 4 Top EV Charging Stocks To Watch This Week

Mastercard Inc 

Lastly, we have a tech company that specializes in electronic forms of payment, Mastercard. The company allows its users to make payments by creating a range of payment solutions and services using its brands which include MasterCard, Maestro, and Cirrus. Just like Visa, it is known for its credit, debit, and prepaid cards. 

best fintech stocks (MA stock)

Recently, the company announced it will enhance its card program for cryptocurrency wallets and exchanges. Mastercard will be working with Evolve Bank & Trust, Paxos Trust Company, and Circle to test this new capability. This makes it simpler for partners to convert cryptocurrency to traditional fiat currency. So, it enables more banks and crypto companies to offer a card option to people wanting to spend their digital assets anywhere Mastercard is accepted. 

Today, when consumers spend cryptocurrencies, they must enter and settle on Mastercard’s network as traditional fiat currency, such as the U.S. dollar. Hence, crypto providers that were planning to launch card programs have found it operationally challenging to perform currency conversion. With this new development, it would solve the challenges faced by players across the industry. All things considered, would you consider adding MA stock to your list of top stocks to watch in August? 

The post 4 Fintech Stocks To Watch Before August 2021 appeared first on Stock Market News, Quotes, Charts and Financial Information | StockMarket.com.

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Homes listed for sale in early June sell for $7,700 more

New Zillow research suggests the spring home shopping season may see a second wave this summer if mortgage rates fall
The post Homes listed for sale in…

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  • A Zillow analysis of 2023 home sales finds homes listed in the first two weeks of June sold for 2.3% more. 
  • The best time to list a home for sale is a month later than it was in 2019, likely driven by mortgage rates.
  • The best time to list can be as early as the second half of February in San Francisco, and as late as the first half of July in New York and Philadelphia. 

Spring home sellers looking to maximize their sale price may want to wait it out and list their home for sale in the first half of June. A new Zillow® analysis of 2023 sales found that homes listed in the first two weeks of June sold for 2.3% more, a $7,700 boost on a typical U.S. home.  

The best time to list consistently had been early May in the years leading up to the pandemic. The shift to June suggests mortgage rates are strongly influencing demand on top of the usual seasonality that brings buyers to the market in the spring. This home-shopping season is poised to follow a similar pattern as that in 2023, with the potential for a second wave if the Federal Reserve lowers interest rates midyear or later. 

The 2.3% sale price premium registered last June followed the first spring in more than 15 years with mortgage rates over 6% on a 30-year fixed-rate loan. The high rates put home buyers on the back foot, and as rates continued upward through May, they were still reassessing and less likely to bid boldly. In June, however, rates pulled back a little from 6.79% to 6.67%, which likely presented an opportunity for determined buyers heading into summer. More buyers understood their market position and could afford to transact, boosting competition and sale prices.

The old logic was that sellers could earn a premium by listing in late spring, when search activity hit its peak. Now, with persistently low inventory, mortgage rate fluctuations make their own seasonality. First-time home buyers who are on the edge of qualifying for a home loan may dip in and out of the market, depending on what’s happening with rates. It is almost certain the Federal Reserve will push back any interest-rate cuts to mid-2024 at the earliest. If mortgage rates follow, that could bring another surge of buyers later this year.

Mortgage rates have been impacting affordability and sale prices since they began rising rapidly two years ago. In 2022, sellers nationwide saw the highest sale premium when they listed their home in late March, right before rates barreled past 5% and continued climbing. 

Zillow’s research finds the best time to list can vary widely by metropolitan area. In 2023, it was as early as the second half of February in San Francisco, and as late as the first half of July in New York. Thirty of the top 35 largest metro areas saw for-sale listings command the highest sale prices between May and early July last year. 

Zillow also found a wide range in the sale price premiums associated with homes listed during those peak periods. At the hottest time of the year in San Jose, homes sold for 5.5% more, a $88,000 boost on a typical home. Meanwhile, homes in San Antonio sold for 1.9% more during that same time period.  

 

Metropolitan Area Best Time to List Price Premium Dollar Boost
United States First half of June 2.3% $7,700
New York, NY First half of July 2.4% $15,500
Los Angeles, CA First half of May 4.1% $39,300
Chicago, IL First half of June 2.8% $8,800
Dallas, TX First half of June 2.5% $9,200
Houston, TX Second half of April 2.0% $6,200
Washington, DC Second half of June 2.2% $12,700
Philadelphia, PA First half of July 2.4% $8,200
Miami, FL First half of June 2.3% $12,900
Atlanta, GA Second half of June 2.3% $8,700
Boston, MA Second half of May 3.5% $23,600
Phoenix, AZ First half of June 3.2% $14,700
San Francisco, CA Second half of February 4.2% $50,300
Riverside, CA First half of May 2.7% $15,600
Detroit, MI First half of July 3.3% $7,900
Seattle, WA First half of June 4.3% $31,500
Minneapolis, MN Second half of May 3.7% $13,400
San Diego, CA Second half of April 3.1% $29,600
Tampa, FL Second half of June 2.1% $8,000
Denver, CO Second half of May 2.9% $16,900
Baltimore, MD First half of July 2.2% $8,200
St. Louis, MO First half of June 2.9% $7,000
Orlando, FL First half of June 2.2% $8,700
Charlotte, NC Second half of May 3.0% $11,000
San Antonio, TX First half of June 1.9% $5,400
Portland, OR Second half of April 2.6% $14,300
Sacramento, CA First half of June 3.2% $17,900
Pittsburgh, PA Second half of June 2.3% $4,700
Cincinnati, OH Second half of April 2.7% $7,500
Austin, TX Second half of May 2.8% $12,600
Las Vegas, NV First half of June 3.4% $14,600
Kansas City, MO Second half of May 2.5% $7,300
Columbus, OH Second half of June 3.3% $10,400
Indianapolis, IN First half of July 3.0% $8,100
Cleveland, OH First half of July  3.4% $7,400
San Jose, CA First half of June 5.5% $88,400

 

The post Homes listed for sale in early June sell for $7,700 more appeared first on Zillow Research.

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Survey Shows Declining Concerns Among Americans About COVID-19

Survey Shows Declining Concerns Among Americans About COVID-19

A new survey reveals that only 20% of Americans view covid-19 as "a major threat"…

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Survey Shows Declining Concerns Among Americans About COVID-19

A new survey reveals that only 20% of Americans view covid-19 as "a major threat" to the health of the US population - a sharp decline from a high of 67% in July 2020.

(SARMDY/Shutterstock)

What's more, the Pew Research Center survey conducted from Feb. 7 to Feb. 11 showed that just 10% of Americans are concerned that they will  catch the disease and require hospitalization.

"This data represents a low ebb of public concern about the virus that reached its height in the summer and fall of 2020, when as many as two-thirds of Americans viewed COVID-19 as a major threat to public health," reads the report, which was published March 7.

According to the survey, half of the participants understand the significance of researchers and healthcare providers in understanding and treating long COVID - however 27% of participants consider this issue less important, while 22% of Americans are unaware of long COVID.

What's more, while Democrats were far more worried than Republicans in the past, that gap has narrowed significantly.

"In the pandemic’s first year, Democrats were routinely about 40 points more likely than Republicans to view the coronavirus as a major threat to the health of the U.S. population. This gap has waned as overall levels of concern have fallen," reads the report.

More via the Epoch Times;

The survey found that three in ten Democrats under 50 have received an updated COVID-19 vaccine, compared with 66 percent of Democrats ages 65 and older.

Moreover, 66 percent of Democrats ages 65 and older have received the updated COVID-19 vaccine, while only 24 percent of Republicans ages 65 and older have done so.

“This 42-point partisan gap is much wider now than at other points since the start of the outbreak. For instance, in August 2021, 93 percent of older Democrats and 78 percent of older Republicans said they had received all the shots needed to be fully vaccinated (a 15-point gap),” it noted.

COVID-19 No Longer an Emergency

The U.S. Centers for Disease Control and Prevention (CDC) recently issued its updated recommendations for the virus, which no longer require people to stay home for five days after testing positive for COVID-19.

The updated guidance recommends that people who contracted a respiratory virus stay home, and they can resume normal activities when their symptoms improve overall and their fever subsides for 24 hours without medication.

“We still must use the commonsense solutions we know work to protect ourselves and others from serious illness from respiratory viruses, this includes vaccination, treatment, and staying home when we get sick,” CDC director Dr. Mandy Cohen said in a statement.

The CDC said that while the virus remains a threat, it is now less likely to cause severe illness because of widespread immunity and improved tools to prevent and treat the disease.

Importantly, states and countries that have already adjusted recommended isolation times have not seen increased hospitalizations or deaths related to COVID-19,” it stated.

The federal government suspended its free at-home COVID-19 test program on March 8, according to a website set up by the government, following a decrease in COVID-19-related hospitalizations.

According to the CDC, hospitalization rates for COVID-19 and influenza diseases remain “elevated” but are decreasing in some parts of the United States.

Tyler Durden Sun, 03/10/2024 - 22:45

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Rand Paul Teases Senate GOP Leader Run – Musk Says “I Would Support”

Rand Paul Teases Senate GOP Leader Run – Musk Says "I Would Support"

Republican Kentucky Senator Rand Paul on Friday hinted that he may jump…

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Rand Paul Teases Senate GOP Leader Run - Musk Says "I Would Support"

Republican Kentucky Senator Rand Paul on Friday hinted that he may jump into the race to become the next Senate GOP leader, and Elon Musk was quick to support the idea. Republicans must find a successor for periodically malfunctioning Mitch McConnell, who recently announced he'll step down in November, though intending to keep his Senate seat until his term ends in January 2027, when he'd be within weeks of turning 86. 

So far, the announced field consists of two quintessential establishment types: John Cornyn of Texas and John Thune of South Dakota. While John Barrasso's name had been thrown around as one of "The Three Johns" considered top contenders, the Wyoming senator on Tuesday said he'll instead seek the number two slot as party whip. 

Paul used X to tease his potential bid for the position which -- if the GOP takes back the upper chamber in November -- could graduate from Minority Leader to Majority Leader. He started by telling his 5.1 million followers he'd had lots of people asking him about his interest in running...

...then followed up with a poll in which he predictably annihilated Cornyn and Thune, taking a 96% share as of Friday night, with the other two below 2% each. 

Elon Musk was quick to back the idea of Paul as GOP leader, while daring Cornyn and Thune to follow Paul's lead by throwing their names out for consideration by the Twitter-verse X-verse. 

Paul has been a stalwart opponent of security-state mass surveillance, foreign interventionism -- to include shoveling billions of dollars into the proxy war in Ukraine -- and out-of-control spending in general. He demonstrated the latter passion on the Senate floor this week as he ridiculed the latest kick-the-can spending package:   

In February, Paul used Senate rules to force his colleagues into a grueling Super Bowl weekend of votes, as he worked to derail a $95 billion foreign aid bill. "I think we should stay here as long as it takes,” said Paul. “If it takes a week or a month, I’ll force them to stay here to discuss why they think the border of Ukraine is more important than the US border.”

Don't expect a Majority Leader Paul to ditch the filibuster -- he's been a hardy user of the legislative delay tactic. In 2013, he spoke for 13 hours to fight the nomination of John Brennan as CIA director. In 2015, he orated for 10-and-a-half-hours to oppose extension of the Patriot Act

Rand Paul amid his 10 1/2 hour filibuster in 2015

Among the general public, Paul is probably best known as Capitol Hill's chief tormentor of Dr. Anthony Fauci, who was director of the National Institute of Allergy and Infectious Disease during the Covid-19 pandemic. Paul says the evidence indicates the virus emerged from China's Wuhan Institute of Virology. He's accused Fauci and other members of the US government public health apparatus of evading questions about their funding of the Chinese lab's "gain of function" research, which takes natural viruses and morphs them into something more dangerous. Paul has pointedly said that Fauci committed perjury in congressional hearings and that he belongs in jail "without question."   

Musk is neither the only nor the first noteworthy figure to back Paul for party leader. Just hours after McConnell announced his upcoming step-down from leadership, independent 2024 presidential candidate Robert F. Kennedy, Jr voiced his support: 

In a testament to the extent to which the establishment recoils at the libertarian-minded Paul, mainstream media outlets -- which have been quick to report on other developments in the majority leader race -- pretended not to notice that Paul had signaled his interest in the job. More than 24 hours after Paul's test-the-waters tweet-fest began, not a single major outlet had brought it to the attention of their audience. 

That may be his strongest endorsement yet. 

Tyler Durden Sun, 03/10/2024 - 20:25

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