Perhaps a Trading Low for Payment Software Application / Infrastructure Stocks

This sector has been under pressure and appears to be bottoming but I am still guessing. Odds are high that the industry will require a base building chart period.

These companies are healthy – very volatile – but healthy. This could change in time but no danger now. I love the Payments industry for its consistent revenue and cash flows. They are not often “cheap” – so I am reaching for initial positions even if small. I will adjust positions to choose the companies recovering the best (behaviorally, fundamentally, and technically) increase ownership as the charts base and begin a recovery. I tend to be early so bear that in mind.

StoneCo (STNE)

Finviz Chart

PagSerguro (PAGS)

Finviz Chart

i3 Holdings (iiiv)

Finviz Chart

Bakkt Holdings (BKKT)

Finviz Chart

The company names are linked to FINVIZ.com with Chart/Analysts/News.
These would be four of my top picks – at this time – in this sector. Accounts related to LOTM own STNE,* BKKT* and PAGS.*
The drop has been brutal. No doubt about it. Not unlike Nat Gas in the fall of 2020. What a great time to buy energy stocks.

Written Dec. 2, 2021, by Tom Linzmeier, editor LivingOffTheMarket.com

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