2 No-Brainer Fintech Stocks to Buy With $1,000 Right Now

Core Insights - The current economic uncertainty presents opportunities for long-term investors to acquire quality businesses at attractive prices [1] PayPal - PayPal is undergoing a turnaround with new leadership and initiatives aimed at growth, including an advertising platform and improvements in cryptocurrency [3][4] - In the first quarter, PayPal reported an increase of 9 million active users year-over-year, total payment volume grew by 4%, and adjusted EPS increased by 23% [5] - Venmo's revenue growth accelerated to 20%, and debit card payment volume grew by over 60% following a successful product launch [6] - PayPal aims for sustainable annualized earnings growth of over 20% and currently generates more than $6 billion in free cash flow annually, with a valuation of 13 times forward earnings [7] SoFi Technologies - SoFi reported a 33% year-over-year revenue growth in the first quarter, with adjusted EBITDA, EPS, and net income reaching all-time highs [9] - The company added over 800,000 new members in a single quarter and originated $7.2 billion in loans, both records for SoFi [9] - Despite economic uncertainty, SoFi's credit quality improved, with declining delinquency and net charge-off rates, and noninterest income in the financial services segment quadrupled year-over-year [10] - SoFi's stock trades over 25% below its 52-week high, despite strong growth metrics, indicating a potential investment opportunity [11]