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Stock impact report

2 Stocks Down 88% and 90% to Buy Right Now [Yahoo! Finance]

StoneCo Ltd. - Class A Common Share (STNE) 
Company Research Source: Yahoo! Finance
Fintech stocks were hit hard in the post-pandemic era as visions of rapid transformation in the financial system have fallen flat. However, that doesn't mean that there isn't opportunity, especially with interest rates coming down in much of the world. Technology continues to improve, and the share of transactions on fintech platforms should continue to grow. To take advantage of that transition, keep reading to see two stocks down sharply that could deliver big rewards. This beaten-down fintech could soar Keith Noonan (StoneCo): StoneCo (NASDAQ: STNE) is a Brazil-based company that provides payment processing and other financial services for small and medium-sized businesses. The company also sells retail management software. StoneCo had its initial public offering in 2018. Its stock rocketed as high as $94.09 early in 2021, thanks to a favorable macroeconomic backdrop for growth stocks and strong performance for its payments and credit businesses. However, headwinds cause Show less Read more
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