7investing Lead Advisor Steve Symington's top stock to buy in May 2022 is a beaten-down international fintech that’s already showing signs of improving profitability.
May 1, 2022
Fintech and growth stocks have gone out of favor recently, but that doesn’t necessarily change the long-term thesis for many great businesses. 7investing Lead Advisor Steve Symington’s top stock for May 2022 is a beaten down international fintech that’s now trading around one third its IPO price. But the underlying business has also continued to grow quickly, and showed signs of improving profitability in its most recent results despite the impact of rising interest rates.
This stock will continue to be volatile in the near-term, but could prove an absolute bargain for patient, long-term investors willing to open or add to a position now.
My top stock right now is a beaten-down international fintech that feels like a coiled spring ready to pop.
I’m 7investing Lead Advisor Steve Symington. We focus on beating the market over the long term. And we’re here to empower you to invest in your future by providing our top 7 stocks every single month.
My top stock right now has struggled and trades around a third of its IPO price both as growth stocks went out of favor, and amid concerns over the impact of rising interest rates on the profitability of its business.
But this stock showed signs of life in its most recent earnings report, as management indicated those profitability concerns should prove temporary as the company takes action throughout 2022. So I think now is the perfect time to buy this business. And the stock could be poised at these levels to crush the market over the next few years.
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Again I’m Steve Symington, we’re 7investing, and we’re here to empower you to invest in your future.
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