From Nasdaq: 2024-09-18 18:30:00

Lower interest rates bode well for fintech companies, with popular stocks expected to benefit from the Fed’s rate cut. PayPal stands out with a Zacks Rank #1, showing strong growth potential and partnerships with Fiserv, Uber, Apple, and Venmo.

International Brokers (IBKR) and Robinhood (HOOD) are rising as electronic market brokers, both sporting a Zacks Rank #2. Analysts expect Robinhood to post its first profit this year, while IBKR shows promising bottom-line expansion. Both stocks have surged over 50% year to date with reasonable forward P/E multiples.

Zacks has identified a top semiconductor stock with immense growth potential in AI, machine learning, and IoT markets, projected to capitalize on the projected semiconductor industry growth from $452 billion in 2021 to $803 billion by 2028. Investors can access this stock recommendation for free.



Read more at Nasdaq: Don’t Overlook These Top Fintech Stocks After Interest Rate Cuts