Many fintech stocks are running into pressure on the charts
Lesser-known Uruguayan fintech stock dLocal Ltd (NASDAQ:DLO) is one of the best stocks on Wall Street today, last seen up 13.4% to trade at $11.59. The company's first-quarter earnings and revenue both topped estimates, prompting a price-target hike from Susquehanna to $18 from $16. DLO has now reclaimed its year-to-date breakeven level and is 17% higher in the last 12 months. How does this stack up against its more prominent sector peers?
LendingClub Corp (NYSE:LC) -- a Top Stock Pick of 2025 -- is down 4% to trade at $10.66, and is now down 34% in 2025. The shares are still up nearly 10% in May alone, but the rally has been stopped short at their 80-day moving average.
Robinhood Markets Inc (NASDAQ:HOOD) is in a different sphere of fintech, but still falls under the sector. The stock was last seen down 2.8% to trade at $59.68, but yesterday made a run at its four-year high of $66.91 on February 13. HOOD boasts a 60% year-to-date gain, with support stepping up at its 200-day moving average.
Affirm Holdings Inc (NASDAQ:AFRM) is down 6.8% to trade at $52.68, and is now down 13% year-to-date. The shares yesterday ran head-first into their 126-day moving average, but longer-term remain up 63% in the last 12 months.
DLO has the most contrarian potential of the four. Of the seven brokerages covering the stock, five are on the sidelines with "hold" ratings. Amongst short sellers, nearly 15% of the equity's total available float is sold short, indicating dLocal could have room to run on the charts.