By Bill Taylor-CEO, Fintegration/FintekNews & CIO, TLC Capital Group
1/9/17 Daily & Weekly Closing Analysis - NASDAQ Fintech Index (KFTX)
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Sluggish and soggy. That about sums up the activity in the fintech sector today. Compared to other market sectors the fintech group actually held its own fairly well. But, that still resulted in the NASDAQ KFTX fintech index closing off slightly to 1089.77, a loss of -3.96 points (-0.36%).
So, where was the ‘hot’ action today? I’m here to show and tell you which stocks moved 2 points and/or 3% today, and here they are.
GPN +5.34 (79.79) +7.17% (earnings beat, revenue beat, increased buy back amount)
Well, that’s where the action was. All in one stock. The rest were just mixed with 13 issues up, 36 down and 0 unchanged.
Here we are in the first full week (5 days) of the new year and what do we have to look forward to? Best guess is more of the same as we had today…….blah. Now the game is waiting for the inauguration (why?) and earnings season to kick in. But it’s always smooth sailing till the storm pops up so be alert. Have a good evening.