2 Fintechs to Buy in 2023 Before the Next Bull Market Starts
Financial technology, or fintech stocks, have been some of the worst performers in the bear market. The industry has been hit extremely hard overall, as investors fear the effects of a recession on consumer spending, credit quality, small businesses, and more. And that's especially true of rapidly growing, but still unprofitable companies.
Two in particular that look interesting right now are Bill.com (NYSE: BILL) and Marqeta (NASDAQ: MQ). Both are down by more than 70% from all-time highs, despite having excellent leadership and large growth opportunities, and could be worth a closer look for patient investors while inflation and recession fears are still lingering.
Bill.com is actually the best performer on this list, with shares only 72% below their all-time high. And a significant amount of this decline came recently, when the stock plunged by 25% after reporting its earnings.
Source Fool.com
