Stocks like NVIDIA Corporation (NVDA), Coinbase Global, Inc. (COIN), Block Inc. (SQ) and PayPal Holdings, Inc. (PYPL) are poised to gain from Bitcoin's recent rally.
Toast (NYSE: TOST) has taken investors on a wild ride since its IPO in Sept. 2021. Toast's cloud-based platform for restaurants bundles together guest-facing and kitchen displays, payment processing devices, receipt printers, and add-ons for managing online orders, reservations, loyalty plans, and payroll services. Toast's platform was installed across about 99,000 locations by the end of the third quarter of 2023, more than double the 48,000 locations it was serving at the time of its IPO.
In this week's video, I talk about Block (NYSE: SQ), which has seen its stock soar close to 60% since the day before it reported earnings in early November. I discuss the various reasons this has happened and explain why 2024 might be a good year for fintech stocks.