Philipp Haas
Founder of Haas invest4 Innovation Fund, Creator of investresearch
UP Fintech is clearly mispriced: at about 4.3 times EV to owner free cash flow, the market prices in zero growth after an outstanding 2025. Revenue rose 56% to $612 million, net income jumped 181% to $171 million for a 28% margin, and cash doubled to $793 million. A risk is that management holds net cash near 60% of enterprise value without a clear capital allocation plan. x.com x.comÂ
UP Fintech's business is holding up despite regulatory pressure, and its stock is reclaiming its downtrend for the first time since February. Q1 revenue rose 26.3% to $154.9M even as China's CSRC imposed a roughly $59.7M penalty that sent shares down as much as 28%, and the board responded with a $50M buyback. Holding above the reclaimed descending trendline points to $6, about 20% upside; losing it means chop back into $4.50-5.00. x.comÂ
Futu and UP Fintech's Tiger Brokers face a regulatory threat to their core mainland Chinese business. China's CSRC and seven other government departments launched a crackdown on illegal cross-border securities, futures and fund business, opening investigations and issuing advance penalty notices against Futu, Tiger Brokers and Longbridge. They are accused of providing brokerage, margin financing, fund sales and futures services to mainland investors without approval. x.comÂ
These twelve stocks could dominate the next era by meeting infrastructure and consumer demand. TSMC makes AI chips; Palo Alto Networks secures cloud; GE Aerospace earns engine-service revenue; IREN builds AI cloud; Broadcom supplies chips and networking; Intuitive Surgical sells surgical robots. Strategy offers bitcoin exposure; e.l.f. Beauty serves Gen Z; Robinhood expands finance; The Trade Desk serves advertisers; Walmart adds ads and memberships; Vistra powers AI data centers. x.com x.com … Show more
Webull still looks too bubbly on valuation compared with other fintechs, even though it is a good broker. x.comÂ
Robinhood is the future of finance, banking and credit cards, because no other fintech is innovating as fast. It is also founder-led. x.comÂ
Robinhood is innovating faster than almost any brokerage and has barely begun to tap its global market opportunity. It builds around what investors increasingly want: speed, instant access to their money, 24/7 trading and a seamless experience. As the keep-it-simple brokerage, it removes friction, makes investing accessible and caters to the next generation, and many still underestimate its runway. x.comÂ
PayPal's growth has stalled and it faces too much fintech competition. That view could change if the company adapts, pivots and proves otherwise. x.comÂ
Interactive Brokers is a fantastic business because it is basically a tech company. Its fully automated platform keeps costs low, supporting operating margins above 70% and the industry's lowest fees, and one account can trade almost anything in over 150 markets, a scale no rival matches. Its software is too complex for beginners, leaving the mass market to competitors like Robinhood, and complex international regulation is costly. It is a powerful cash machine with a great moat. x.comÂ
Fintech tops the list of over-punished sectors likely to offer some of the best opportunities over the next few years. Its 50-70% drawdowns reflect a sentiment and macro reset, not a fundamentals collapse, as higher rates, cooler retail trading and a shift to safer assets crushed multiples for SoFi, Robinhood, Affirm, Coinbase, Sezzle and PayPal. Meanwhile SoFi expects 30%+ revenue growth, Robinhood's engagement is rebounding and PayPal generates massive free cash flow. Not every name will win. … Show more