Investors were served another promising inflation update, bolstering hopes for September rate cuts. Core CPI, which strips away food and energy prices, increased just 0.2% sequentially and aligned with estimates. Additionally, the U.S. economy expanded by an encouraging 2.8%, surpassing expectations by 0.8%, reinforcing the soft landing scenario. That said, here are three standout fintech stocks to watch with strong fundamentals and significant upside potential, potentially leveraging sector tailwinds this ...

In fact, there's one Buffett stock that looks like it might be a screaming buy right now. Read on to learn more about this booming fintech enterprise and why it deserves a spot in your portfolio. Taking over Latin America's banking sector Nu Holdings does not operate physical bank branches. This key characteristic is probably why the business has found tremendous success. Latin America is a developing region, especially when compared to the U.S. As internet and smartphone penetration expands, Nu will have a ...

Zacks Investment Research Image Source: Nu Holdings Ltd. (NU) has had an impressive run this year. The stock has surged 52.7%, significantly outperforming the 22.6% rally of its industry. Despite facing challenges such as foreign exchange risks and intense competition, NU's future growth prospects remain promising. We believe key future growth catalysts are geographic expansion into countries like Argentina, Peru, Chile and Uruguay, as well as the enhancement of services in existing markets such as Mexico a ...

Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.41 per share and revenue of $12.25 billion, indicating changes of +70.83% and +52.56%, respectively, compared to the previous year. Shares of the company have appreciated by 9.53% over the course of the past month, outperforming the Business Services sector's gain of 0.9% and the S&P 500's gain of 1.96%. Any recent changes to analyst estimates for Nu Holdings Ltd. should also be noted by investors. Recent revisions tend to refl ...

Below, we take a look at Nu Holdings Ltd. (NU) , a company that currently holds a Momentum Style Score of B. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score. It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Nu Holdings Ltd. Currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) ...

Company Performance and Growth - Nu Holdings' stock price has surged by 250% since the beginning of 2023, despite starting well below its late-2021 IPO price [2] - In Q1, the company's revenue increased by 64% YoY to $2.7 billion, with net income rising 136% to $443 million, continuing a strong growth trend since 2019 [3] - The company surpassed 100 million customers in May, with nearly 60% of them using Nu as their primary bank [11] - Revenue is projected to grow from $8 billion in 2023 to $12 billion in 2024 and $15 billion in 2025, with earnings expected to triple during this period [12] Market Context and Opportunities - Latin America's broadband penetration in residential fixed segments surpassed 50% in 2022, while mobile internet users reached 418 million (65% of the population) by the end of 2023 [6] - GSMA predicts Latin America will have 485 million mobile internet users by 2030, with fixed broadband subscriptions growing by 8.4% in 2023 [14] - The region's e-commerce industry is expected to grow by 24% in 2024 and 21% in 2025, driven by increasing online spending [14] - Nu Holdings is well-positioned to benefit from the region's digital banking trends, alongside other fintech players like MercadoLibre and StoneCo [7][8] Competitive Landscape and Validation - Nu Holdings operates in a competitive space with traditional banks increasingly entering digital banking, but its focus on Latin America sets it apart [5] - Warren Buffett's Berkshire Hathaway holds a significant stake in Nu (107 million shares, ~3%), indicating confidence in the company's long-term potential [9] - The company's growth is supported by its ability to meet high expectations and its strong position in Brazil, Mexico, and Colombia [4][11] Valuation and Investment Outlook - Despite trading above its consensus price target of $12.77, Nu Holdings remains an attractive investment due to its projected earnings growth and rich valuation [15] - The company's focus on a narrow market segment has yielded strong results, with significant growth opportunities ahead as it expands its efforts [16]

NU Revenue (Quarterly) data by YCharts Shares of the Brazilian fintech Nu Holdings (NU 1.21%) exploded 54.7% higher in the first half of 2024, according to data provided by S&P Global Market Intelligence. The company continues to build on its dominant position in the Brazilian banking market and has its sights set on an even bigger market opportunity across Latin America. Over the past few years, Brazilians without bank accounts have gone from 16.3 million to 4.6 million, and Nu has been a big reason for th ...

Undervalued Fintech Stocks To Buy: SoFi Technologies (SOFI) Source: Michael Vi / Shutterstock.com SoFi Technologies (NASDAQ:SOFI) is a dynamic fintech growth stock offering a suite of lending, investing, and personal finance products. Despite its strong operational achievements and superb financial footing, SOFI has been a battleground stock. It epitomizes the rollercoaster nature of fintech stocks, fluctuating from an alltime high of $25.78 achieved during the pandemic to a modest $6.57 currently. SOFI sto ...

Investors trust Warren Buffett for a reason. Although he's the first to say he's made mistakes, he has a proven track record of picking winners and beating the market. If Buffett's bullish on this stock, though, it may not be as risky as it seems. And at under $15 per share, it could be a bargain. Let's dive in and see. Nu operates under the NuBank banner as an all-digital bank in Brazil, Mexico, and Colombia. It has quickly emerged as a real challenger to the traditional banks in these regions, capturing m ...

Nu Holdings Ltd. (NU) closed the latest trading day at $12.84, indicating a +0.16% change from the previous session's end. The stock outperformed the S&P 500, which registered a daily gain of 0.1%. Meanwhile, the Dow lost 0.08%, and the Nasdaq, a tech-heavy index, added 0.28%. Prior to today's trading, shares of the company had gained 7.82% over the past month. This has outpaced the Business Services sector's gain of 2.1% and the S&P 500's gain of 4.08% in that time. Investors will be eagerly watching for t ...