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4 Fintech Stocks To Watch This Week

Are these the best fintech stocks to buy today?

stocks to watch this week

It is no secret that fintech stocks have been under pressure in the stock market lately. Well, whether it is the expectations of Fed rate hikes or concerns around the Omicron wave, investors are understandably cautious. However, some may view the current predicament as a buying opportunity. After all, the use of fintech will likely stick around for the foreseeable future. We are looking at a transformative industry that may phase out physical transactions such as the use of cash.

Take Block (NYSE: SQ) for instance, the company’s stock has been on a decline over the past few months but some large funds continue to buy the stock. Well, the company has excelled in many of its offerings up to this point. So, it is easy to understand why investors are keeping close tabs on SQ stock. Also, investors may be watching to see if Block can make the most of its acquisition of ‘buy now, pay later’ firm Afterpay (OTCMKTS: AFTPF). 

Besides that, there is also analyst coverage from the likes of Goldman Sachs (NYSE: GS), UBS (NYSE: UBS), and Morgan Stanley (NYSE: MS) giving positive outlooks on Latin American digital banking firm Nu Holdings (NYSE: NU), which went public last month. Jorge Kuri from Morgan Stanley believes that Nu could be one of the “largest and fastest-growing digital banking platforms with a highly recognized and valuable brand” right now. So, it would not be surprising if the fintech industry continues to expand. With all this in mind, let’s look at some of the top fintech stocks to watch in the stock market today. 

Fintech Stocks To Watch Right Now

Paypal

Firstly, we have one of the leading technology and digital payments companies in PayPal. Essentially, the company enables digital and mobile payment on behalf of consumers and merchants. Its combined payment solutions include Venmo, PayPal, PayPal Credit, Xoom, iZettle, and Hyperwallet. Hence, customers can use their accounts for both paying for goods, as well as to transfer and withdraw funds. 

It appears that the company is exploring the launch of its own stablecoin as part of its cryptocurrency push. This can be confirmed through the evidence discovered inside its iPhone app. Hidden codes and images were found and were dubbed as a “PayPal Coin”. Also, the code suggests that it would be backed by the U.S. dollar. The company believes that for it to be usable, it will need to support payments at scale and have sufficient security. 

Well, PayPal is not the first to explore launching its own coin and likely will not be the last. Previously, Meta (NASDAQ: FB) also has been helping develop a stablecoin called Diem. So, being at the forefront of what could possibly be the future of financial transactions would be huge for the company. After all, people are warming up to the idea of cryptocurrency and this may validate the company’s push into the crypto space. With that said, would you consider PYPL stock a top fintech stock to watch?

Source: TD Ameritrade TOS

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Visa

Visa is a payments technology company that needs no introduction. In detail, the company provides digital payments across more than 200 countries and territories. Thus, it connects consumers, merchants, businesses, and government entities to electronic payments. Some of its notable products would include Visa-branded credit, debit, and prepaid cards. 

Last month, Visa announced the completion of its acquisition of Currencycloud. The company is a global platform that enables banks and fintechs to provide innovative foreign exchange solutions for cross-border payments. Therefore, the move would empower the company to provide greater transparency, flexibility, and control for consumers and businesses when making international payments. 

Besides that, the company also unveiled its “Meet Visa” brand campaign in Hong Kong last month. It highlights the diverse capabilities of its network and commitment to enabling global economic inclusion. Given these exciting developments, would you consider investing in V stock right now?

Source: TD Ameritrade TOS

Mastercard

Another top fintech name to know is Mastercard. Much like Visa, the company is a payment technology company that connects consumers, merchants, and businesses across the world through electronic payments. So, its users can make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro, and Cirrus. 

In December, Mastercard and McDonald’s (NYSE: MCD) announced an agreement for Mastercard to acquire McDonald’s personalized platform and decision engine company, Dynamic Yield. The decision engine company will deliver individualized product recommendations, offers, and content based on a range of factors. In fact, it already supports over 400 brands across retail, financial services, travel, and many other industries. 

Therefore, the acquisition will boost Mastercard’s existing suite of services that help brands deliver more effective and trusted customer experiences across channels. Investors should also note that Lisa Ellis, a senior analyst from MoffettNathanson, believes that the company’s stock still has upside in 2022. She believes that there will be more leisure spending and this will directly link to the company’s performance as a whole. With that in mind, would you buy into the prospects of MA stock right now? 

Source: TD Ameritrade TOS

[Read More] Best Monthly Dividend Stocks To Buy Now? 5 For Your List

nCino

Last but not least, we will be looking at the cloud-based software provider for financial institutions, nCino. Put simply, the company enhances banks and credit unions with the technology to enhance visibility into their operations while allowing them to operate digitally. Its nCino Bank Operating System digitizes, automates, and streamlines complex processes and workflow. 

Last month, regional bank KeyBank announced that it will be working with nCino to continue its journey in creating a seamless client experience. So, KeyBank Business Banking relationship managers will now be able to see a client’s banking information through a streamlined platform. This allows them to meet client needs and address questions faster than ever in an end-to-end process.

Another regional bank, Armstrong Bank, also announced a partnership with nCino around the same time. In detail, the bank will be deploying nCino Bank Operating System across multiple lines of business. This partnership will improve customer experience as bankers can serve customers in a more personalized manner. With these new clients, would you consider adding NCNO stock to your watchlist?

Source: TD Ameritrade TOS

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By Joe Samuel

Joe Samuel is a dedicated stock market researcher and financial contributor. His love for the stock market started at a young age learning from his grandfather. Joe earned a bachelor of science degree in corporate finance and business management. After finishing college, he went the route of an entrepreneur starting numerous businesses and eventually became a financial contributor to a number of outlets including Seeking Alpha, Invesitng.com, and actively contributes to FactSet. At StockMarket.com, Joe looks for emerging stories. One of his traits is identifying new trends before they become mainstream. Whether it’s a biopharmaceutical company debuting a novel treatment or the next technology start-up developing a new platform, Joe looks to be on the cutting edge of that trend.

After years of living in New York, he made the move to Miami, Florida where he’s become an active member of the finance community. Joe has worked with early-stage companies in marketing and consulting capacities, which has given him an opportunity to see what makes companies tick. His viewpoint is that while corporate news is vital to any investment, it’s what isn’t “right in front of you” that can make a good investment great. His approach to the markets is one that aims to deliver information that might not be well-known. But through deep research and diligence, Joe has written about and been able to uncover time-sensitive information when seconds matter in the stock market today.

Joe enjoys covering several stock market sectors. These include commodities, finance, biotechnology, and technology; specifically AI & machine learning. His no-nonsense approach to the market gives readers a cut and dry view of the news that matters most and topics beginning to emerge as new trends in the stock market. He was early to the table with calls on things like the last gold rush in 2019 and has been able to identify influential events and how they could impact certain industries.

During his free time, he enjoys spending time with his family and polishing up one new stock market trends. He’s also an avid car enthusiast with a passion for classic and muscle cars.

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