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Best Fintech Stocks To Buy In July 2021? 3 For Your List

Could investors be cashing in on these top fintech stocks?
The post Best Fintech Stocks To Buy In July 2021? 3 For Your List appeared first on Stock Market News, Quotes, Charts and Financial Information | StockMarket.com.

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3 Top Fintech Stocks To Watch In Stock Market Now

In an increasingly digital world, financial tech (fintech) continues to grow in importance by the day. Because of this, fintech stocks could also be increasingly prominent among investors’ stock market watchlists now. For one thing, fintech is mostly responsible for bringing the finance industry into the digital realm. Understandably, this would serve to benefit the fintech market amidst a global pandemic. We just have to look at the Robinhood IPO filing to see that the online brokerage more than tripled its revenue in 2020 from the year before. 

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 could persist. Not to mention, we are currently amidst bouts of economic recovery in the U.S. now. With consumers eager to spend their saved-up stimulus cash throughout this reopening trade, fintech services would be in demand. This would see fintech stocks such as Evertec (NYSE: EVTC) and Upstart (NASDAQ: UPST) kicking into high gear. On one hand, Evertec primarily processes transactions, enabling sales and e-commerce merchants in Latin America as e-commerce spending surges. On the other hand, Upstart’s AI-based lending solutions can lead to higher approval rates and lower interest rates for consumers.

Not to mention, companies like Workday (NASDAQ: WDAY) could also be looking at busy times ahead. Its on-demand financial management and human capital management services would be vital as more Americans are getting employed. Evidently, the weekly jobless claims reportedly hit a new pandemic-era low last week at 364,000. Overall, with the economy booming, investors could be eyeing the top fintech stocks in the stock market today. If you are one of them, here are three to watch.

Best Fintech Stocks To Buy [Or Sell] Now

Mastercard Inc.

To begin with, we will be looking at financial services company, Mastercard Inc. The New York-based fintech giant is among the leading names in the industry now. Most would be familiar with its debit and credit card services. Through its secure data networks, the company helps consumers and organizations alike with most of their transaction-related needs. For a sense of scale, the company boasts connections and operations spanning across over 210 countries and territories. Now, with MA stock gaining more than 20% over the past year, would it still be worth investing in?

Well, if anything, Mastercard continues to build partnerships and expand its massive portfolio. As of last week, the company is currently working with FCLTGlobal, a non-profit organization backed by leading companies globally. Now, FCLTGlobal mainly develops research and practical tools to help drive long-term value creation for companies. In the case of Mastercard, the company is looking to support and bolster its networks for long-term sustainable growth through this partnership. On top of that, the company is also reportedly working with Eazy Financial Services, a Bahrain-based fintech. The duo is now working to provide digital payment tools and financial services to Bahrain’s small and medium-sized enterprises (SMEs).

Overall, Mastercard does not appear to have plans of slowing down anytime soon. We can see this as the company is expanding its partnership networks while increasing its general market reach as well. With Mastercard looking to keep up with the competition, would you consider MA stock a top buy now?

top fintech stocks (MA stock)
Source: TD Ameritrade TOS

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Square Inc.

Following that, we have fintech company Square Inc. In brief, the company operates via a cohesive commerce-enabling ecosystem, helping merchants start, run, and grow their digital businesses. It does so via a combination of software and hardware that turn mobile and computing devices into powerful payment and point-of-sale solutions. Moreover, Square’s analytical tools empower sellers to make more informed business decisions overall. Namely, sellers can manage several aspects of their respective businesses through Square. This includes but is not limited to inventory, locations and employees, customer engagement, and sales growth.

On the consumer front, Square also offers its Cash App. Through the smartphone app, users have access to a variety of financial services. This ranges from transferring money to other Cash App users to even investing in stocks and Bitcoin. In fact, in the first quarter of 2021, Square’s Cash App ecosystem reportedly saw gross profit surge by 171% year-over-year. This adds up to about $495 million generated from over 35 million active users. With the current shift towards contactless payment methods, Square’s services could be looking at long-term growth. Because of all this, I could see investors eyeing SQ stock which is currently up by over 530% since its pandemic era low.

By and large, Square continues to gain momentum thanks to the current industry tailwinds. This is evident as the company saw green across the board in its latest quarter fiscal posted back in May. In it, Square saw massive year-over-year surges of 266% in total revenue and 133% in earnings per share. Over the same time, the company’s net income also skyrocketed by over 136%. Given these impressive figures, will you be adding SQ stock to your portfolio?

best fintech stocks (SQ stock)
Source: TD Ameritrade TOS

[Read More] 4 Artificial Intelligence Stocks To Watch Right Now

PayPal Holdings Inc.

PayPal Holdings Inc. is another top fintech player to look out for now. For the uninitiated, the company primarily services consumers via its online payments system. The likes of which span across 200 markets and cater to over 375 million users in the current global economy. Chances are if digital payment services are available in the region, so is PayPal. Given the wide reach of PayPal’s fintech offerings, PYPL stock could be another hot name on investors’ watchlists now.

Similar to our previous entry, PayPal’s answer to consumer financial service needs is its Venmo smartphone app. Aside from facilitating conventional digital cash transactions, Venmo also boasts crypto-related services. In detail, the company now allows users to seamlessly make payments using cryptocurrencies. While the market may not be too hot for digital currencies now, PayPal would be at an advantage should general adoption trends pick up.

On the operational front, PayPal is hard at work bolstering its wide array of offerings now. Earlier this week, the company announced the launch of its PayPal Zettle service. In short, Zettle serves as a digital point-of-sale solution, enabling SMEs to effortlessly sell across in-person and online channels. If anything, businesses of these sizes would rely heavily on such services as consumers get more comfortable with digital commerce. In the long-term, this would also stand to benefit both businesses and PayPal as well. While businesses could see an uptick in sales via newly established omnichannel services, PayPal would be serving more clients. In theory, with all these favorable market conditions in play, the company could be looking at exciting times ahead. Would you say the same regarding PYPL stock?

best fintech stocks to buy (PYPL stock)
Source: TD Ameritrade TOS

The post Best Fintech Stocks To Buy In July 2021? 3 For Your List appeared first on Stock Market News, Quotes, Charts and Financial Information | StockMarket.com.

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Low Iron Levels In Blood Could Trigger Long COVID: Study

Low Iron Levels In Blood Could Trigger Long COVID: Study

Authored by Amie Dahnke via The Epoch Times (emphasis ours),

People with inadequate…

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1 hour ago

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March 9, 2024

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Low Iron Levels In Blood Could Trigger Long COVID: Study

Authored by Amie Dahnke via The Epoch Times (emphasis ours),

People with inadequate iron levels in their blood due to a COVID-19 infection could be at greater risk of long COVID.

(Shutterstock)

A new study indicates that problems with iron levels in the bloodstream likely trigger chronic inflammation and other conditions associated with the post-COVID phenomenon. The findings, published on March 1 in Nature Immunology, could offer new ways to treat or prevent the condition.

Long COVID Patients Have Low Iron Levels

Researchers at the University of Cambridge pinpointed low iron as a potential link to long-COVID symptoms thanks to a study they initiated shortly after the start of the pandemic. They recruited people who tested positive for the virus to provide blood samples for analysis over a year, which allowed the researchers to look for post-infection changes in the blood. The researchers looked at 214 samples and found that 45 percent of patients reported symptoms of long COVID that lasted between three and 10 months.

In analyzing the blood samples, the research team noticed that people experiencing long COVID had low iron levels, contributing to anemia and low red blood cell production, just two weeks after they were diagnosed with COVID-19. This was true for patients regardless of age, sex, or the initial severity of their infection.

According to one of the study co-authors, the removal of iron from the bloodstream is a natural process and defense mechanism of the body.

But it can jeopardize a person’s recovery.

“When the body has an infection, it responds by removing iron from the bloodstream. This protects us from potentially lethal bacteria that capture the iron in the bloodstream and grow rapidly. It’s an evolutionary response that redistributes iron in the body, and the blood plasma becomes an iron desert,” University of Oxford professor Hal Drakesmith said in a press release. “However, if this goes on for a long time, there is less iron for red blood cells, so oxygen is transported less efficiently affecting metabolism and energy production, and for white blood cells, which need iron to work properly. The protective mechanism ends up becoming a problem.”

The research team believes that consistently low iron levels could explain why individuals with long COVID continue to experience fatigue and difficulty exercising. As such, the researchers suggested iron supplementation to help regulate and prevent the often debilitating symptoms associated with long COVID.

“It isn’t necessarily the case that individuals don’t have enough iron in their body, it’s just that it’s trapped in the wrong place,” Aimee Hanson, a postdoctoral researcher at the University of Cambridge who worked on the study, said in the press release. “What we need is a way to remobilize the iron and pull it back into the bloodstream, where it becomes more useful to the red blood cells.”

The research team pointed out that iron supplementation isn’t always straightforward. Achieving the right level of iron varies from person to person. Too much iron can cause stomach issues, ranging from constipation, nausea, and abdominal pain to gastritis and gastric lesions.

1 in 5 Still Affected by Long COVID

COVID-19 has affected nearly 40 percent of Americans, with one in five of those still suffering from symptoms of long COVID, according to the U.S. Centers for Disease Control and Prevention (CDC). Long COVID is marked by health issues that continue at least four weeks after an individual was initially diagnosed with COVID-19. Symptoms can last for days, weeks, months, or years and may include fatigue, cough or chest pain, headache, brain fog, depression or anxiety, digestive issues, and joint or muscle pain.

Tyler Durden Sat, 03/09/2024 - 12:50

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February Employment Situation

By Paul Gomme and Peter Rupert The establishment data from the BLS showed a 275,000 increase in payroll employment for February, outpacing the 230,000…

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March 9, 2024

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By Paul Gomme and Peter Rupert

The establishment data from the BLS showed a 275,000 increase in payroll employment for February, outpacing the 230,000 average over the previous 12 months. The payroll data for January and December were revised down by a total of 167,000. The private sector added 223,000 new jobs, the largest gain since May of last year.

Temporary help services employment continues a steep decline after a sharp post-pandemic rise.

Average hours of work increased from 34.2 to 34.3. The increase, along with the 223,000 private employment increase led to a hefty increase in total hours of 5.6% at an annualized rate, also the largest increase since May of last year.

The establishment report, once again, beat “expectations;” the WSJ survey of economists was 198,000. Other than the downward revisions, mentioned above, another bit of negative news was a smallish increase in wage growth, from $34.52 to $34.57.

The household survey shows that the labor force increased 150,000, a drop in employment of 184,000 and an increase in the number of unemployed persons of 334,000. The labor force participation rate held steady at 62.5, the employment to population ratio decreased from 60.2 to 60.1 and the unemployment rate increased from 3.66 to 3.86. Remember that the unemployment rate is the number of unemployed relative to the labor force (the number employed plus the number unemployed). Consequently, the unemployment rate can go up if the number of unemployed rises holding fixed the labor force, or if the labor force shrinks holding the number unemployed unchanged. An increase in the unemployment rate is not necessarily a bad thing: it may reflect a strong labor market drawing “marginally attached” individuals from outside the labor force. Indeed, there was a 96,000 decline in those workers.

Earlier in the week, the BLS announced JOLTS (Job Openings and Labor Turnover Survey) data for January. There isn’t much to report here as the job openings changed little at 8.9 million, the number of hires and total separations were little changed at 5.7 million and 5.3 million, respectively.

As has been the case for the last couple of years, the number of job openings remains higher than the number of unemployed persons.

Also earlier in the week the BLS announced that productivity increased 3.2% in the 4th quarter with output rising 3.5% and hours of work rising 0.3%.

The bottom line is that the labor market continues its surprisingly (to some) strong performance, once again proving stronger than many had expected. This strength makes it difficult to justify any interest rate cuts soon, particularly given the recent inflation spike.

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Spread & Containment

Another beloved brewery files Chapter 11 bankruptcy

The beer industry has been devastated by covid, changing tastes, and maybe fallout from the Bud Light scandal.

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March 9, 2024

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Before the covid pandemic, craft beer was having a moment. Most cities had multiple breweries and taprooms with some having so many that people put together the brewery version of a pub crawl.

It was a period where beer snobbery ruled the day and it was not uncommon to hear bar patrons discuss the makeup of the beer the beer they were drinking. This boom period always seemed destined for failure, or at least a retraction as many markets seemed to have more craft breweries than they could support.

Related: Fast-food chain closes more stores after Chapter 11 bankruptcy

The pandemic, however, hastened that downfall. Many of these local and regional craft breweries counted on in-person sales to drive their business. 

And while many had local and regional distribution, selling through a third party comes with much lower margins. Direct sales drove their business and the pandemic forced many breweries to shut down their taprooms during the period where social distancing rules were in effect.

During those months the breweries still had rent and employees to pay while little money was coming in. That led to a number of popular beermakers including San Francisco's nationally-known Anchor Brewing as well as many regional favorites including Chicago’s Metropolitan Brewing, New Jersey’s Flying Fish, Denver’s Joyride Brewing, Tampa’s Zydeco Brew Werks, and Cleveland’s Terrestrial Brewing filing bankruptcy.

Some of these brands hope to survive, but others, including Anchor Brewing, fell into Chapter 7 liquidation. Now, another domino has fallen as a popular regional brewery has filed for Chapter 11 bankruptcy protection.

Overall beer sales have fallen.

Image source: Shutterstock

Covid is not the only reason for brewery bankruptcies

While covid deserves some of the blame for brewery failures, it's not the only reason why so many have filed for bankruptcy protection. Overall beer sales have fallen driven by younger people embracing non-alcoholic cocktails, and the rise in popularity of non-beer alcoholic offerings,

Beer sales have fallen to their lowest levels since 1999 and some industry analysts

"Sales declined by more than 5% in the first nine months of the year, dragged down not only by the backlash and boycotts against Anheuser-Busch-owned Bud Light but the changing habits of younger drinkers," according to data from Beer Marketer’s Insights published by the New York Post.

Bud Light parent Anheuser Busch InBev (BUD) faced massive boycotts after it partnered with transgender social media influencer Dylan Mulvaney. It was a very small partnership but it led to a right-wing backlash spurred on by Kid Rock, who posted a video on social media where he chastised the company before shooting up cases of Bud Light with an automatic weapon.

Another brewery files Chapter 11 bankruptcy

Gizmo Brew Works, which does business under the name Roth Brewing Company LLC, filed for Chapter 11 bankruptcy protection on March 8. In its filing, the company checked the box that indicates that its debts are less than $7.5 million and it chooses to proceed under Subchapter V of Chapter 11. 

"Both small business and subchapter V cases are treated differently than a traditional chapter 11 case primarily due to accelerated deadlines and the speed with which the plan is confirmed," USCourts.gov explained. 

Roth Brewing/Gizmo Brew Works shared that it has 50-99 creditors and assets $100,000 and $500,000. The filing noted that the company does expect to have funds available for unsecured creditors. 

The popular brewery operates three taprooms and sells its beer to go at those locations.

"Join us at Gizmo Brew Works Craft Brewery and Taprooms located in Raleigh, Durham, and Chapel Hill, North Carolina. Find us for entertainment, live music, food trucks, beer specials, and most importantly, great-tasting craft beer by Gizmo Brew Works," the company shared on its website.

The company estimates that it has between $1 and $10 million in liabilities (a broad range as the bankruptcy form does not provide a space to be more specific).

Gizmo Brew Works/Roth Brewing did not share a reorganization or funding plan in its bankruptcy filing. An email request for comment sent through the company's contact page was not immediately returned.

 

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