What do China tariffs have to do with fintech? I don’t think much. I personally watched my entire port give up a yearly salary in the span of a few hours. Instead of panic selling, I started panic buying.
Hood has been a monster. I personally think Vlad is executing at a high level and will be one of the biggest winners in fintech over time (why I’m still holding shares there). Webull is a smaller fish making their way around the pond right now. I don’t know many folks who use them, but I assume they’re out there. They’ve seen 46% YoY revenue growth, have 1.6 billion in cash, solid growth in assets under custody, international growth prospects, new product line potentials, and are now sitting at just a $5b MC.
It is not overly valued compared to many other high flyers right now that are still up multiple baggers YTD even with this pullback. Maybe it trades down to the $9-10 range with increased market weakness but I’m feeling very comfortable at these levels for a longer term bet on this being a big outperformer in the near future.
“Look at me! Look at me! Look at me now! It’s fun to have fun but you have to know how”
