Fintechs, online lending stocks bounce up after six-month slump
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After a dismal six months, many fintech and online finance stocks are catching some bids at Monday midday even as the broader stock averages are trading in the red.
Cathie Wood's ARK Fintech Innovation ETF (ARKF) is gaining 1.2% in the first session of the week after slipping 10% last week and dropping 57% in the past six months.

Block (SQ) stock, ARKF's biggest holding, is climbing 1.1% after Citi reiterates the stock as its top pick in fintech, pointing to likely upside catalysts from its Cash App (ex-bitcoin) and Square merchant payment system.
Among other fintechs, Upstart Holdings (UPST) is up 4.9%, Blend Labs (BLND) +4.2%, PayPal Holdings (NASDAQ:PYPL) +0.9%, and SoFi Technologies (SOFI) +2.4%.
Online lending platforms are particularly strong in the session, with Rocket Companies (RKT) surging 6.9%, LendingClub (LC) +3.5%, and LendingTree (TREE) +2.9%.
SA contributor Juxtaposed Ideas looks at Amazon's (AMZN) "Buy with Prime" and its implications for PayPal (PYPL)