Published first at https://www.3minutebreakdowns.com 3 Stocks I'm Buying Now June 2024 Edition. A UK fintech company that facilitates cross border payments. With Wise you can send money across the world more quickly and more cheaply than with a typical bank. For example, in the second quarter 95% ...

Published first at https://www.3minutebreakdowns.com 3 Stocks I'm Buying Now June 2024 Edition. A UK fintech company that facilitates cross border payments. With Wise you can send money across the world more quickly and more cheaply than with a typical bank. For example, in the second quarter 95% of payments were received within 24 hours and 60% were received instantly. In a world of globalization and remote working the need for easy payments is increasing and Wise has a founder who is passionate about building out a quality product. Wise’s moat comes from an interconnected payments infrastructure that has been built over several years. And that infrastructure is increasingly being used to power platform businesses like Agoda and Monzo with Wise taking a cut. And Wise has plenty of room to grow in its small business segment. Wise stock is not particularly cheap, trading at about 40 times earnings. But if the company can maintain growth above 15% a year I think the stock can continue to move higher. A small company from France that builds catamarans. This is a relatively unknown business that trades on the Paris stock exchange with a market cap around 170 million euros. #investing #stockstobuynow #stockstobuy #3mb