This Brilliant Fintech Stock Is Down 32%. Buy It Before It Sets a New All-Time High.
This is one of the fastest-growing businesses in the world.
Nobody enjoys stock drawdowns. They can provide buying opportunities for high-quality businesses, sure, but it is never fun to see your personal wealth go down in value. Right now, stocks listed in the United States have entered a slight drawdown, with many faster-growing and higher-volatility names heading into some steep declines.
One stock on my radar is Nu Holdings (NYSE: NU). The financial technology (fintech) company focused on the Latin American market is in a 32% drawdown as of this writing, even after reporting more stellar earnings for the fourth quarter of 2024.
Shares look fairly cheap today, and with a long runway to grow revenue, users, and profits, I think the stock will be setting an all-time high in the not-so-distant future.
