|Day's Range||4.0500 - 4.0500|
The majority of fintech stocks have bounced back this year after a very difficult 2022 when businesses in the space struggled due to rapidly rising interest rates. If you've ever had your credit score run before -- and most U.S. adults have -- then you've interacted, at least indirectly, with Fair Isaac (NYSE: FICO). It's the company that developed the FICO score, which is used widely to judge would-be borrowers' creditworthiness for various types of consumer loans.
When Warren Buffett makes a move, investors closely assess what it could say about the economy and whether or not everyone should follow his lead. For example, Berkshire bought all of its shares of Coca-Cola and American Express, two of its largest holdings, before 1995, and hasn't touched either since. Berkshire Hathaway owns more than 40 stocks, and it's the ones you don't hear about that might be the best stocks to buy.
The S&P 500 is up 9% this year despite continued economic volatility and a looming recession. The market and the economy don't always move in the same direction, and it looks like investors are ready for some momentum after enduring the S&P 500's longest bear market since 1973. There's no way to know when the bear market will turn into a bull market.
In this video, I will go over Nu Holdings' (NYSE: NU) first-quarter earnings report, which shows why legendary investor Warren Buffett owns this fintech company that has been dominating in South America.
After this big rally, there's no beating around the bush: The fintech stock is expensive, trading at more than 42 times forward earnings, with nearly a $31 billion market cap. Nu got its start by offering a credit card with no annual fees through a sleek digital banking experience. While it's hard to imagine Nu keeping up this growth forever, it still hasn't penetrated -- and therefore really monetized -- much of its client base with some of its most profitable products.
Nu Holdings, a digital bank in Brazil, grew incredibly fast. But the company's success has to do with more than just growth.
This has been the year of the stock picker. Look no further than the big three indexes for proof: The Nasdaq Composite is up 20%, the S&P 500 is up 9%, and the Dow Jones Industrial Average is up nearly 1%.
Nu Holdings ( NYSE:NU ) First Quarter 2023 Results Key Financial Results Revenue: US$1.14b (up 248% from 1Q 2022). Net...
Wall Street pros can't seem to agree on a blowout report this earnings season. Revenue soared 87% on a currency-adjusted basis for the Latin American provider of digital financial services, easily topping expectations. The stock has closed higher through the first four trading days of the week -- a 10% ascent.
Nu Holdings (NYSE: NU) went public in late 2021 with the backing of Warren Buffett's holding company, Berkshire Hathaway. It's hard to justify that kind of valuation regardless of how fast a company is growing, and it was interesting that it was a Buffett stock, because Buffett is known for his value style of investing. At this valuation, I am still recommending it as a buy.
If you want to compound wealth in the stock market, you can do so by buying an index fund. But investors can boost...
Here is your Pro Recap of the biggest analyst cut you may have missed since yesterday: downgrades for Nu, Futu, Magellan Midstream, and Intercept Pharmaceuticals. Citi downgraded digital banking platform Nu (NYSE:NU) to Neutral from Buy and cut its price target to $6.10 from $7.00, as reported in real time on InvestingPro. Futu (NASDAQ:FUTU) shares fell around 2% pre-market today after the company received downgrades from JPMorgan and Morgan Stanley following the announcement that the company is removing its app from China’s onshore app stores.
Nu (NYSE: NU) is barely on the radar of most traders who like to swing for the fences. It's actually one of the smallest weightings for Ark Invest's Cathie Wood, for example. You don't expect the greatest investor of our time -- one with a bent for value investing -- to be a financial backer of the Brazilian provider of digital financial services.
According to the average brokerage recommendation (ABR), one should invest in Nu Holdings Ltd. (NU). It is debatable whether this highly sought-after metric is effective because Wall Street analysts' recommendations tend to be overly optimistic. Would it be worth investing in the stock?
Nu Holdings Ltd. (NU) delivered earnings and revenue surprises of 33.33% and 7.26%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
SÃO PAULO, May 15, 2023--Nu Holdings Ltd. (NYSE: NU | B3: NUBR33), ("Nu" or the "Company"), one of the world’s largest digital financial services platforms, released today its First Quarter 2023 financial results. Financial results are expressed in U.S. dollars and are presented in accordance with International Financial Reporting Standards (IFRS). The full earnings release has been made available on the Company’s Investor Relations website at www.investors.nu, as well as the details of the Earn
Nu Holdings' (NU) first-quarter 2023 revenues are expected to have increased year over year.
Nu Holdings Ltd. (NU) closed at $5.91 in the latest trading session, marking a +1.55% move from the prior day.
In the latest trading session, Nu Holdings Ltd. (NU) closed at $5.24, marking a +1.16% move from the previous day.
It's fair to say that ten bucks won't take you a long way these days, but that doesn't always apply to the stock market. There's no shortage of interesting investments trading in the single digits. Carnival (NYSE: CCL) (NYSE: CUK) and Nu Holdings (NYSE: NU) are both trading under $10 right now.
Nu Holdings Ltd. (NU) closed at $5.18 in the latest trading session, marking a -0.19% move from the prior day.
Investing legend Warren Buffett is known for his value approach to investing, and his portfolio includes positions in blue-chip stalwarts such as Coca-Cola and Bank of America. Nu Holdings (NYSE: NU), for example, is far from a value stock, and Berkshire Hathaway was an early investor even before it became a public company. Nu Holdings was originally highly valued, but it's grown into its valuation and looks like a compelling deal right now.
Nu Holdings Ltd. (NU) closed the most recent trading day at $4.92, making no change from the previous trading session.
SÃO PAULO, April 25, 2023--Nubank, one of the world's largest digital financial services platforms, reached on the first week of April 2023* the milestone of 80 million customers in Latin America, where it maintains operations in Brazil, Mexico, and Colombia.
GRAND CAYMAN, Cayman Islands, April 25, 2023--Nu Holdings Ltd. ("Nu" or the "Company") (NYSE: NU | B3: NUBR33), one of the world’s largest digital financial services platforms, today announced that it will host a conference call to discuss its Q1'23 financial results on Monday, May 15, 2023 at 5:00 p.m. Eastern Time (7:00 p.m. Brasília Time). The earnings release will be issued after the market closes that same day.