While chasing the hottest securities can be a lucrative exercise, generally speaking, robust opportunities tend to materialize from names that have stepped away from the limelight. Of course, the question then becomes — how the heck do you find these hidden gems? If every stock that collapsed was a diamond in the rough, there wouldn't be much need for financial analysis. With that said, speculators may consider adding Qifu Technology Inc (NASDAQ:QFIN) to their watch list.
Here’s the deal: Qifu Technology is a Chinese credit-tech platform — falling under the broad financial technology or fintech umbrella — that uses artificial intelligence for consumer and small and medium-sized enterprises (SMEs) lending. Primarily, the company connects borrowers with financial institutions for credit assessment, loan matching and collection services. Further, the platform is capital-light, which translates to Qifu earning fees through loan facilitation rather than through holding debt on its books.
