FintekNews-KFTX Fintech Index-Daily Analysis for 9/13

By Bill Taylor-CEO, Fintegration/FintekNews & CIO, TLC Capital Group

9/13/16 Daily Analysis – NASDAQ Fintech Index (KFTX)

Well, wasn’t that lots of fun? The KFTX, NASDAQ’s new fintech index, went right back to basically where it was on Friday’s close. Like yesterday and today was a figment of your imagination. We know it isn’t so let’s see. The index closed at 1029.43, down 13.22 points or (-1.27%)   .

Nine stocks of the index’s forty nine issues actually had intraday moves +/– 3%, but by the close only a few closed with a 3% move (all down).

ACIW closed off -.80 at 18.04 (-4.25%)
ENV closed off -1.71 at 36.75 (-4.45%)
FICO closed off -4.28 at 127.45 (-3.25%)
HAWK closed off -.99 at 31.69 (-3.03%)
LC closed up +.16 at 5.75 (+2.86%)    (just gotta recognize little LC…..it’s cute)
PAY closed off -.42 at 16.11 (-2.54%)
PYPL closed up +1.09 at 39.86 (+2.81%)
RATE closed off -.20 at 7.86 (-2.48%)
SSNC closed off -.87 at 32.12 (-2.64%)