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Stock impact report

Fintech Stocks Are on Sale. This One Looks Like a Screaming Buy. [Yahoo! Finance]

Remitly Global, Inc. (RELY) 
US:NASDAQ Investor Relations: realindustryinc.com
Company Research Source: Yahoo! Finance
Remitly has little exposure to credit, but the stock fell sharply on its recent earnings report. The stock looks cheap and is still posting strong growth. 10 stocks we like better than Remitly Global › The Nasdaq Composite isn't even down 5% from its peak, but cracks are starting to show in the bull market that's driven the tech-heavy index to more than double over the last three years. Consumer discretionary spending at places like Chipotle is waning as multiple fast-casual chains have pointed to weakness in the key 25-to-35 demographic, and footwear and apparel brands like Lululemon Deckers , and Nike are struggling as well. The housing market remains weak. AI infrastructure platforms like Coreweave and Nebius are now down sharply from earlier peaks, showing that enthusiasm for all things AI may have gotten overheated. Additionally, fintech stocks have withered recently, amid concerns about higher loan losses at some regional banks, rising auto loan delinquencies, weakn Show less Read more
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