You guys have probably picked up on this by now, but one of the most important factors I look at when choosing which stocks and sectors I want to target is analyst upgrades, downgrades and spotlights.
And the analyst I like now just so happens to be Truist.
A side note for those of you who don’t know, Truist Financial Corp. (NYSE: TFC) is an American bank holding company that’s the result of the merger between BB&T and SunTrust banks in 2019.
Truist has been talking a lot about which digital payment processor stocks to watch and, more specifically, it has a good pulse on the ones I want my subscribers to know about — and potentially get in on right now.
3 Digital Payment Processor Stocks to Watch
Truist says the payment industry and digital payment processor stocks to watch are in a period of change that favors share gains and the potential for a “decade of digital dominance.”
It expects hundreds of billions of dollars to move from a concentrated group of legacy processors to rising digital competitors like the ones we’re going to talk about today.
And it’ll be driven by the demand for powerful, flexible and low-cost point of sale software (POS). This sounds an awful lot like PayPal or Square if you ask me…
The trend will only pick up as “the failures” — companies that can’t make enough revenue to cover their expenses — of COVID-19 are replaced by those that can.
If you’re one of my long haulers, then the first ticker I’m giving away today shouldn’t be any surprise. I’ve mentioned it a couple of times before, and it’s had a solid run above its 50-day moving average.
And listen to this…
The longer something stays above its 50-day moving average, the better the chance it’ll start running. And the only place this stock is running is up.
So check out my short video below to see which digital payment processor stocks to watch right now, and be sure to share your thoughts about these names in the comments section at the bottom of this page.
Don’t forget to subscribe to our YouTube channel if you haven’t already so you can be notified as soon as we post our next video!
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