2 Stocks Down 30% and 18% to Buy Hand Over Fist
The fintech industry is on a rapid northbound path, and thanks to the increased need for digital payment methods, that likely won't stop anytime soon. Naturally, investors want to cash in on this, and two notable companies to consider doing so are Block (NYSE: XYZ) and PayPal (NASDAQ: PYPL). These fintech giants have been rocked by company-specific issues this year, and the volatility broader equities experienced probably didn't help things either. However, both stocks could still deliver attractive returns over the long run.Image source: Getty Images.Block is famous for running two key ecosystems: Square, which offers businesses slick point-of-sales systems and other services, and Cash App, a peer-to-peer payment app increasingly competing with banks. Though Block's two core businesses have generally performed well, the company's first-quarter results were disappointing due to Cash App's less-than-impressive growth. Overall, Block's financial results were not what investors had in mind, leading to a significant post-earnings sell-off; the stock is down by 30% year to date.Continue reading
The fintech industry is on a rapid northbound path, and thanks to the increased need for digital payment methods, that likely won't stop anytime soon. Naturally, investors want to cash in on this, and two notable companies to consider doing so are Block (NYSE: XYZ) and PayPal (NASDAQ: PYPL). These fintech giants have been rocked by company-specific issues this year, and the volatility broader equities experienced probably didn't help things either. However, both stocks could still deliver attractive returns over the long run.
Image source: Getty Images.
Block is famous for running two key ecosystems: Square, which offers businesses slick point-of-sales systems and other services, and Cash App, a peer-to-peer payment app increasingly competing with banks. Though Block's two core businesses have generally performed well, the company's first-quarter results were disappointing due to Cash App's less-than-impressive growth. Overall, Block's financial results were not what investors had in mind, leading to a significant post-earnings sell-off; the stock is down by 30% year to date.
