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.
Source Fool.com
Paypal Holdings Inc Stock
The stock is one of the favorites of our community with 62 Buy predictions and 1 Sell predictions.
As a result the target price of 76 € shows a slightly positive potential of 4.48% compared to the current price of 72.74 € for Paypal Holdings Inc.
