Financial technology, or fintech for short, is one of the most lucrative sub-segments of the tech market. For those reasons, there is never a shortage of innovative companies in the stock market bringing their own unique spin to the age-old financial sector. Fiserv (NASDAQ: FISV) and Block (NYSE: SQ) are on opposite ends of the spectrum right now.
Arthur J. Gallagher, EXL and Medpace have risen sharply in recent weeks. Two of the three have cleared bases and are making nice progress past proper buy points. And all three show nice action in their relative strength lines.
Shares of Fiserv Inc. were rising 1.5% in morning trading Thursday after Evercore ISI analyst David Togut turned bullish on the merchant-acquiring stock, writing that the company is in the early stages of a transformation that seems to be paying off. "In the process, FISV has modified its historically successful playbook of maximizing free-cash flow, repurchasing 6% of stock annually, then repeat," Togut wrote. "The new FISV invests more, acquires more, and occasionally shaves FCF targets to sus