2 Magnificent Stocks to Buy on the Dip

Lately, the market has been enamored with artificial intelligence stocks, and some other areas have suffered as a result. One of those is fintech, and two of its largest players have had pretty abysmal years. Both Block (NYSE: SQ) and PayPal (NASDAQ: PYPL) are down over 10% this year yet still have solid results.

Fintech stocks were all the rage on Wall Street a few years ago. Now, they are an afterthought. This usually represents top buying opportunities as other investors have strayed from no-brainer investments like Block and PayPal. That's exactly what I see, but there are a few things to be aware of before taking a position in these two.

Block, formerly known as Square, divides its company into two operating segments. The first is Square, its business-facing product that provides payment processing and banking services to its clients worldwide. Second is its Cash App, which started as a peer-to-peer payment service and allows users to buy stocks and Bitcoin and do their banking.

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Source Fool.com