1 Under-the-Radar Fintech Stock Beating the Market by Almost 50% This Year
It's been difficult to find strong-performing stocks this year because the broader market has been hit hard and the S&P 500 is down roughly 17.5%. It's been even more difficult to find strong-performing fintech and tech growth stocks, many of which plummeted this year in the face of high inflation and rapidly rising interest rates. The Nasdaq Composite is down close to 31% in 2022.
But one fintech stock that seems to be flying under the radar, at least when it comes to some of the more frequently discussed names, is Fair Isaac (NYSE: FICO). This is the company responsible for developing the FICO scoring system that assesses the borrowing risk of consumers.
Fair Isaac's stock is up close to 34% this year and is beating the broader market by more than 50 percentage points. Here's why.
Source Fool.com
