2 Fintech Stocks That Are Screaming Buys in March
The S&P 500 is hovering around its all-time high as we head into March, but that doesn't mean that all stocks have become expensive. There are some excellent opportunities for risk-tolerant long-term investors, especially in the financial technology, or fintech, industry. Here are two companies, in particular, that look like incredible buys as winter comes to a close.
Lemonade (NYSE: LMND) is an insurance company that aims to disrupt the traditional model by using technology to alleviate consumer pain points. For example, claims can be processed in seconds instead of days in many cases and getting (and accepting) insurance quotes is a seamless process.
In the fourth quarter, Lemonade reported surprisingly strong results. It surpassed the high end of its guidance range for revenue, in-force premium, and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA). The latter showed that losses are narrowing rather quickly.
Source Fool.com
