The financial services industry is well-positioned to gain amid the rise in corporate and consumer spending and the growing penetration of digital financial services. The industry is also known to benefit in a high-interest rate environment.
Considering this backdrop, Forrester Research, Inc. (FORR) could be a solid portfolio addition now, while keeping Block, Inc. (SQ) on one’s watchlist could be wise. On the other hand, I think SoFi Technologies, Inc. (SOFI) is best avoided now, given its weak fundamentals.
