FINX: Too Risky; Stay Away (Archive)
FINX’s downtrend looks overextended, but there’s still no reliable long-term bottom.
This 5-Minute Pitch was originally published on Seeking Alpha before the launch of the Hunting Alphas website. It is shared here to showcase my previous work and track record. New 5-Minute Pitches published on this site will not be disseminated anywhere else.
Elevator Pitch
- Fintech growth stocks have underperformed massively; even worse than small cap growth.
- Key fundamental drivers of the FINX ETF include interest rates and the consumer watchdog investigations into higher risk business models such as 'Buy Now, Pay Later'.
- Whilst FINX is in a downtrend from a technicals perspective, I don't think it is a safe short just yet.
Read the full article here.
Disclosures and Disclaimers
Past performance ≠ future results. Not investment advice. See full Disclaimer.
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