Fintech is taking over. The financial services market, driven by generational change, the rise of cryptocurrencies, and a more globally connected economy, has found itself at a crossroads.
Firms on the right side of history will be those who are agile and innovative, molding themselves to the demands of a multi-trillion dollar market. This became even more evident earlier this week when Warren Buffet-led Berkshire Hathaway broke with its traditional Visa and Mastercard stocks and pumped $1 billion in crypto-friendly Nubacnk, the Brazilian fintech firm. Firms like The Graystone Company (OTCMKTS: GYST) are responding to this trend and growing their share of the market.
The Graystone Company (OTCMKTS:GYST) has had arguably the best 2022 of any cryptocurrency stock. The bitcoin mining company announced its January revenue last week, and it exceeded the company’s revenue for all of 2021! You don’t see that very often, the company is also uplisting to the OTCQB this week, which means more investors will be able to purchase this company that looks primed for a breakout. Do your research now on GYST.
Toast Inc (NYSE:TOST): The food tech industry has grown at a fairly decent clip in recent times. Many of those companies have had their IPOs and one of those was the food service software platform Toast, which had its IPO quite recently. While the stock soared initially, the sentiments changed fairly quickly and the stock went south soon after.
The company is involved in payment software space which is specifically focussed on restaurants. At this point in time, it may be important for investors to keep track of the industry and figure out if the business model of Toast can actually get to claw its way back in the near term. It should be noted that the company is involved in a potentially highly lucrative space and hence, it may be difficult to write it off.
Coinbase Global Inc (NASDAQ:COIN): Coinbase operates one of the world’s biggest cryptocurrency exchanges and the fortunes of its stock have often been a reflection of the sentiments about the crypto industry at large. The stock had been in the middle of a remarkable rally during the course of which it eventually hit a high of as much as $430 a share.
However, like it was the case with Bitcoin, the Coinbase stock experienced considerable volatility and went down. That being said, the growth of crypto is expected to march on and adoption has continued despite regulatory panics. Hence, most experts believe that Coinbase could continue to be a crypto stock that might continue to thrive.
SoFi Technologies Inc (NASDAQ:SOFI): SoFi Technologies is a stock that could be added to the watch lists by investors at this point in time. While it is true that the stock is down by around 50% from its levels a year ago, it ought to be noted that many experts believe that the SoFi stock may well be on its path to recovery soon.
The company is going to announced its financial results for the full fiscal year on March 1, 2022 and will be hoping that SoFi manages to better the 16 cents a share loss per share that has been estimated by analysts.
Marqeta Inc (NASDAQ:MQ) stock has been showing high volatility over the past few sessions. Recently, the stock was in focus after the company appointed a Visa Inc. veteran to be its new chief financial officer and disclosed that it expects to come in ahead of its previously issued forecast for the December quarter.
MQ stock has tumbled 65% over the past year and underperformed the broader market.
