5 Top Financial Stocks To Watch Today
As the broader stock market continues to shed its gains this week, the real question on investors’ minds would be what stocks are up today. Well, stocks that do well amidst times of economic uncertainty such as financial stocks, could be in focus now. Despite rising fears over the recovery trade being derailed, companies in the financial sector would still be relevant. After all, consumers and organizations alike rely on financial services regardless of the state of the economy. Accordingly, it would make sense that investors are looking for the best financial stocks in the stock market today.
In particular, the fintech segment of the industry has and continues to thrive in our world today. Aside from the pandemic accelerating general adoption of fintech, most have likely grown accustomed to the convenience it offers. For starters, financial service giants such as Mastercard (NYSE: MA) have and continue to cater to their customers’ needs. As of this week, the company is working with India-based payments solutions provider, Razorpay. The duo is reportedly offering a recurring payment solution, Mandate HQ, in the region.
At the same time, there are also emerging names in the financial space even now. Namely, global financial services firm Perella Weinberg Partners (NASDAQ: PWP) recently went public via a business combination with FinTech Acquisition Corporation IV. Given the recent volatility in the stock market, PWP’s services could be in demand among institutional investors now. Overall, the financial services industry remains as relevant as ever. With that in mind, could one of these five financial stocks be worth keeping an eye on?
Best Financial Stocks To Buy [Or Sell] Right Now
- Visa Inc. (NYSE: V)
- Carver Bancorp Inc. (NASDAQ: CARV)
- Sea Ltd. (NYSE: SE)
- Square Inc. (NYSE: SQ)
- PayPal Holdings Inc. (NASDAQ: PYPL)
Visa Inc.
Visa is a leader in digital payments. It strives to connect the world through the most secure and reliable payment network, enabling individuals and businesses to thrive. It claims that its advanced global processing network, VisaNet can provide reliable payments around the world and is capable of handling more than 65,000 transaction messages a second.
On June 24, 2021, the company announced that it has signed a definitive agreement to acquire Tink, a European open banking platform that enables financial institutions, fintech, and merchants to build tailored financial management tools. The combination of Visa’s proven infrastructure with Tink’s APIs and technology will help accelerate the adoption of open banking in Europe by ensuring a secure and reliable platform for innovation. Consumers will be able to better control their financial experiences, including managing their money, financial data, and financial goals. Given this exciting piece of news, will you consider buying V stock?
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Carver Bancorp Inc.
Carver Bancorp is a holding company for Carver Federal Savings Bank. In essence, it is a federally chartered savings bank offering consumers and businesses a wide portfolio of banking products and services. Furthermore, the finance company originates mortgage loans to purchase or refinance residential and commercial properties. CARV stock closed Thursday’s trading session up an impressive 106.90% in share price at $21.89 a share.
The surge comes just days after a retail influencer highlighted the elevated short interest in CARV stock. Will Meade, a former hedge fund manager with nearly 200,000 followers on Twitter (NYSE: TWTR), on June 28 pointed out that CARV stock was that day the most shorted stock on the market with a 68% short interest. This had then likely caused retail traders to rally behind Carver Bancorp. With that in mind, will you consider adding CARV stock to your portfolio?
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Sea Limited
Sea is a tech conglomerate that is headquartered in Singapore. The company is a holding company for e-commerce platform Shopee and its digital payments and financial services segment, SeaMoney. Shopee is one of the largest pan-regional e-commerce platforms in Southeast Asia and Taiwan. SE stock currently trades at $267.00 a share as of Thursday’s closing bell.
In May, the company posted impressive first-quarter 2021 financial results. Firstly, Sea posted a total GAAP revenue of $1.8 billion, an increase of 146.7% year-over-year. A huge chunk of this revenue came from its e-commerce segment. The company also says that it continues to see strong growth in the adoption of SeaMoney’s offerings. It also says that its mobile wallet total payment volume exceeded $3.4 billion for the first quarter of 2021, more than tripled that of the first quarter of 2020. All things considered, will you buy SE stock?
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Square Inc.
Following that, we will be taking a look at fintech company Square Inc. Overall, the California-based fintech player mainly offers financial hardware, software, and tools to customers. According to Square, said offerings serve to empower businesses and individuals to “participate in the economy”. To highlight, merchants looking to bolster their e-commerce capabilities would turn to Square amidst these times. Because of this, would it be wise to keep an eye on SQ stock?
If anything, Square does not seem to be slowing down anytime soon. As of this week, the company is rolling out its “Early Access Programme” to merchants in France. In detail, Square is looking to reach small and medium enterprises (SMEs) in the French market through this move. To sweeten the deal, merchants who enroll in the program need not worry about signing long-term contracts or paying start-up fees. Simply put, Square would be allowing said merchants to try out its integrated business solutions, possibly expanding its market presence. Does all this make SQ stock worth investing in for you now?
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PayPal Holdings Inc.
Topping off our list today is another giant in the fintech space, PayPal Holdings Inc. As most would know, the company primarily operates via its online payments network. For a sense of scale, PayPal’s network currently caters to over 375 million consumers and merchants across the globe. Notably, this includes its industry-leading Venmo app that facilitates the transactions of over 50 million users now. With PYPL stock currently trading at $295.05 as of Thursday’s closing bell, could it be worth buying?
If anything, PayPal seems to be firing on all cylinders now. On the financial front, the company saw green across the board in its latest quarter fiscal posted in May. Specifically, PayPal posted massive year-over-year gains of 1,205% in net income and 1,214% in earnings per share. The company also saw its total revenue for the quarter increase by 30% over the same period, adding up to over $6 billion. When you pair this with the vast array of expansions to its portfolio this year, PYPL stock could be worth investing in now. Would you say the same?
