3 Very Oversold Fintech Stocks to Buy Right Now


One of the best ways to hunt for oversold fintech stocks to buy is by reviewing the 63 holdings held by the Global X FinTech ETF (NASDAQ:FINX). It tracks the performance of the Indxx Global FinTech Thematic Index.

The methodology page states that the names in the index are companies in developed markets “that are offering technology-driven financial services which are disrupting existing business models in the financial services and banking sectors.”

To be eligible for the index, they must have a $300 million market capitalization, have an average daily volume of $2 million or more over the past six months, and have a free float of at least 10% of the outstanding shares. 

The components in the index are capped at a 6% weight. Further, the combined weight of companies exceeding 5% is capped at 40%. The remaining names are capped at 4.5%.

FINX is up 7.8% year-to-date but down 15.7% over the past 52 weeks. That should make the selection process easier.  

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