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Despite consumer credit concerns, Benchmark Managing Director Mark Palmer initiated coverage on five fintech stocks â one of which is Block (SQ) â with Buy ratings. Palmer joins Yahoo Finance Live to discuss why fintech is "a stock picker's sector" right now.
Palmer says fintech valuations are disconnected from growth prospects currently. However, firms "well-positioned to help consumers during a difficult time" in this economy will continue adding sustainable value and see stock boos...
>>> Read more: Fintech currently 'a stock picker's sector,' analyst says
Palmer says fintech valuations are disconnected from growth prospects currently. However, firms "well-positioned to help consumers during a difficult time" in this economy will continue adding sustainable value and see stock boos...
>>> Read more: Fintech currently 'a stock picker's sector,' analyst says
