Top Fintech Stocks To Add to Your Watchlist - July 9th

MercadoLibre, Rocket Companies, and UP Fintech are the three Fintech stocks to watch today, according to MarketBeat's stock screener tool. Fintech stocks are shares of publicly traded companies that combine financial services with cutting-edge technology—offering solutions such as mobile payments, online lending, blockchain platforms and robo-advisory tools. By leveraging software, data analytics and cloud infrastructure, these firms seek to disrupt traditional banking and insurance models with more efficient, customer-friendly products. Investing in fintech stocks lets investors tap into the growth potential driven by the digital transformation of the financial sector. These companies had the highest dollar trading volume of any Fintech stocks within the last several days.

MercadoLibre (MELI)

MercadoLibre, Inc. operates online commerce platforms in the United States. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases digitally; and Mercado Pago FinTech platform, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, as well as allows users to transfer money through their websites or on the apps.

Shares of NASDAQ:MELI traded up $7.84 during midday trading on Wednesday, hitting $2,484.44. 131,391 shares of the stock were exchanged, compared to its average volume of 387,398. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.18 and a current ratio of 1.20. The company has a market capitalization of $125.96 billion, a PE ratio of 61.23, a P/E/G ratio of 1.49 and a beta of 1.49. MercadoLibre has a 52-week low of $1,579.78 and a 52-week high of $2,645.22. The business's fifty day simple moving average is $2,478.82 and its two-hundred day simple moving average is $2,146.93.

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Rocket Companies (RKT)

Rocket Companies, Inc., a fintech holding company, provides mortgage lending, title and settlement services, and other financial technology services in the United States and Canada. It operates through two segments, Direct to Consumer and Partner Network. The company's solutions include Rocket Mortgage, a mortgage lender; Amrock that provides title insurance, property valuation, and settlement services; Rocket Homes, a home search platform and real estate agent referral network, which offers technology-enabled services to support the home buying and selling experience; and Rocket Loans, an online-based personal loans business.

RKT stock traded up $0.19 during trading on Wednesday, reaching $13.93. 13,430,352 shares of the stock were exchanged, compared to its average volume of 10,242,532. Rocket Companies has a twelve month low of $10.06 and a twelve month high of $21.38. The company has a market capitalization of $27.85 billion, a P/E ratio of -464.20 and a beta of 2.28. The stock has a 50 day simple moving average of $13.17 and a 200-day simple moving average of $12.86. The company has a current ratio of 12.62, a quick ratio of 12.62 and a debt-to-equity ratio of 1.37.

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UP Fintech (TIGR)

UP Fintech Holding Limited provides online brokerage services focusing on Chinese investors. The company has developed a brokerage platform, which allows investor to trade stocks, options, warrants, and other financial instruments that can be accessed through its APP and website. It offers brokerage and value-added services, including investor education, community engagement, and IR platform services.

NASDAQ:TIGR traded up $0.53 during trading hours on Wednesday, hitting $10.42. 8,738,465 shares of the stock were exchanged, compared to its average volume of 7,605,805. The company's 50 day moving average is $8.89 and its two-hundred day moving average is $7.90. The company has a market capitalization of $1.92 billion, a P/E ratio of 23.16, a price-to-earnings-growth ratio of 0.83 and a beta of 0.67. UP Fintech has a twelve month low of $3.36 and a twelve month high of $14.48. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.23.

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