By Bill Taylor-CEO, Fintegration/FintekNews & CIO, TLC Capital Group
8/25/16 Analysis – NASDAQ Fintech Index (KFTX)
Go fintech, go fintech and go KFTX. Slow dull soft day but the new NASDAQ fintech index (KFTX) rose +5.75 points to close at 1040.88. Oh yeah, that +0.55% gain made this cute little new index reach an all time high by the way. Outperforming the rest of the market and confirming that fintech is the place to be.
Again, only two stocks moved more than 3% intraday this Thursday and one is the usual suspect (LC) with the other BOFI ** which actually closed up +6.36%, or 1.33 points. Only three other stocks out of the index’s 49 issues moved more than a point (ADS, FICO & GPN) on this pre-Fed speech Thursday.
Get a good nights sleep. Janet talks at 10am.
** BOFI’s 10K filing was “clear” with no new regulatory news.