Technical analyst Rob Ginsberg said in a note to clients Wednesday that the Global X FinTech ETF (FINX) looks attractive after a long period of underperforming the broader market.
"Now that we're past much of the big bank earnings, there are a number of fintech and financial service names on the docket this week and next.
FINX 5Y mountain The FINX ETF has shown early signs of a rebound in 2024.
Ginsberg wrote that the ETF has some positive technical signals of its own.
To be sure, earnings reports could prove to be a downside catalyst for financial technology stocks and the fund.
Persons:
Rob Ginsberg, Ginsberg, — CNBC's Michael Bloom
Organizations:
titans, Wolfe Research, Paypal
Locations:
Fintech, FINX