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Nu Holdings Ltd.

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NU Breaking ConsolidationAnalysis: NU Holdings Ltd. Has returned 45% YTD and currently maintains an average volume of 22.29M . Price has been stuck in consolidation since early May. Price has had four (4) attempted breaks of structure since. Watch for breaks or advances in "Support Resistance Structures (1) & (2)". Watch for a clear break "Support/Resistance D" before consideration. "Time Axis 2" has been broken - look for higher break in price on "Time Axis 3". Please Leave a Comment ArticaAnalytica
NYSE:NULong
by ArticaAnalytica
A sign that someone is buying up this stock.% Using Google Translator. Please understand. As of now, NU is showing a typical institutional(or market maker anyway) acquisition pattern. I am writing down a small tip regarding this part. NU has been forming a tight weekly close around $11.7 for over five weeks following dramatic volatility following its earnings release. At the same time, during the first four weeks, trading volume remained high with significant differences between weekly highs and lows. Since market makers' accumulation usually involves maintaining low trading volume at the bottom of a falling stock and accumulating stock volume over a long period of time, there is room for interpretation of NU's pattern as being different. However, NU is also clearly a market maker's accumulation pattern. Why is that so? First, let's assume that we are a market maker and that we are trying to accumulate NU in large quantities at a slightly lower price. What is needed to acquire large quantities at a relatively low price? First of all, if you want to buy in 'large quantities', of course you will need that much to buy. To do this, we need to get existing market players to sell the amount of NU they own. In addition, we must suppress the buying force that continues to push up stocks inertially. In particular, for stocks that were on an upward trend, such as NU, neither institutions nor individuals want to easily sell their holdings. This is because, if they are already making profits, they are willing to tolerate a slight adjustment or sideways move for higher profits. Above all, NU is strongly perceived as a 'Buffett' stock, so there are many people who believe in Buffett and hold on. In this situation, if you want to get them to sell the stock, you have to first make it a 'boring' stock. So what exactly are ‘boring’ stocks? That would be a stock that, while the Nasdaq is rising, has not been able to rise on its own for several weeks and has been moving sideways or even falling. What people fear the most is loss, and the next thing they hate is FOMO. If you look at NU's weekly chart, the Nasdaq index continues to rise, while NU is showing a sluggish sideways trend. When the price of a stock rises a little, someone lowers the price again, and when it rises a little, they lower the price again. It can be seen as a fierce battle between selling and buying forces, and that is correct, but the fact that the weekly closing price moves sideways in a similar range ultimately shows that this stock is being managed by existing large-scale forces. As a result, the power of buying forces trying to raise stocks began to gradually decline. This long, boring period would have caused existing players to sell off their stocks little by little. Because during that time, AI stocks, including NVIDIA, would have continued to hit new highs. Players who were already seeing profits took profits by reducing the proportion of underperforming stocks. And players who suffered losses in the last correction tried to make up for their losses by selling whenever the stock price rose with the mentality of trying to break even. (This is a natural human instinct that appears when you lose money in stocks.) As a stock becomes increasingly 'boring', the gap between weekly highs and lows becomes smaller and trading volume begins to decline. Just like last week. Last week was the week when NU Holdings' popularity began to fade in earnest. The buying force to push the stock price up has become very weak, which has led to a decrease in trading volume. There were more people selling than buying as it started to move in the opposite direction of the market index, showing a 'uninteresting' pattern. Volatility decreases and stock prices appear to gradually decline. At this time, I noticed Friday, June 14th. This was because if a market maker was managing this stock, he would definitely buy up again the quantity of NU whose price fell that day. And sure enough, NU rose 1.2% to $11.7 even as the market index struggled. They happily acquired the volume that was pouring in due to market pressure, and this was a clear signal. Looking at this, it is assumed that the institutions currently accumulating NU are quite seasoned professional investors. It is highly likely that the stock price will continue to move sideways for a certain period in the future. They will make bottoms with low trading volume and occasionally raise prices, enticing existing players to sell their stocks and move on to other stocks. until when? That is until they have acquired a quantity they are satisfied with. Hold on to NU unless it plummets on very high volume, or the support line breaks. Unless they change their minds for some reason, there is a high possibility that they will break the new high with strong trading volume in the future.
NYSE:NULong
by KANUSE
NU Long PositionHi traders, Turning our attention to Nu Holdings Ltd. (NU), we can observe the formation of an ascending triangle pattern over the past few weeks, indicating a potential bullish breakout. Nu Holdings, a prominent digital banking platform in Latin America, has been experiencing significant growth in its user base and market presence. The company's innovative approach to financial services and strong market position make it a key player in the fintech industry. The ascending triangle pattern is characterized by a horizontal resistance level and an upward-sloping support line. This pattern typically indicates that the price is likely to break out above the resistance level after a period of consolidation. The series of higher lows demonstrates increasing buying pressure, suggesting that the bulls are gaining control. As NU approaches the resistance level of the ascending triangle, a breakout above this level could confirm the bullish continuation. Entering a long position upon confirmation of the breakout appears reasonable. Take Profit: 14.61 Final Target: 16.64
NYSE:NULong
by vf_investment
Nu Nears Old HighsNu Holdings is a Brazilian fintech that doubled its revenue last quarter. Some trend followers may see opportunity in its current setup following a significant run. The first pattern on today’s chart is the $10.50 level where NU peaked in mid-February. The stock pulled back to test that level in mid-April and bounced. Has old resistance become new support? Stochastics also dipped to an oversold condition. Third, NU ended last week higher after fluctuating between previous week’s peak and trough. That kind of bullish inside week may suggest it’s poised to continue a longer-term uptrend. Finally, the company went public in December 2021 for $9 a share. It spiked to $12.24 later that month. Notice how the stock is now back near the old peak. A move above those levels could potentially represent an important breakout. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:NU
by TradeStation
NUBANK NU Problem! Possible parallel channel break out. - 1.618 Fib Ext & Channel target is $8.51 to $9.13 - Plucked positions at green circles for long term hold - RSI continues to rise - Above 200 day SMA (same as 40 week SMA) - Failure to break above (which is very possible) will only lead me to make another allocation on RSI trend line retest. NUBANK Fundamentals look exciting - Milestone of 80 million customers 2 weeks ago - Brazil-based Nubank partnered Polygon to expand the reach of its Nucoin loyalty programme to its 80 million customers. - In October 2022, the Nubank/Polygon announced the Nucoin token and launched a pilot run involving around 2000 users. Nucoin was designed to recognize customer loyalty and encourage engagement with Nubank products, and by expanding the programme, the token could reach as many as 70 million customers across Brazil. - David Marcus former Paypal CEO and former head of payments & crypto at META has been added to the NUBANK Board - Nubank secured a loan of up to USD 150 million from the International Finance Corp in January 2023 in order to expand its operations in Colombia - Nubank has a division in Colombia named Nu Colombia, which is a fast-growing credit card issuer. In August 2022, Nu Colombia made the announcement that the country's regulator had granted its proposal to form a financial firm. This licence allowed Nu to add a full savings account linked to other credit products to its lineup of credit cards and e-wallets, as well as acquire deposits, a less expensive financing source similar to that used by large banks. - Approximately 35 percent of the Colombian adult population has no access to any formal financial services and are considered “unbanked,” according to the Colombian Banking Association. Some 79 percent of adults have no access to credit cards. There is a HUGE market here for long term growth. - Last 4 earnings reports have had surprised to the upside. - Next earnings report is 15th May 2023 (key date for break of channel or rejection) - We all know Warren Buffet holds a long position in Nubank.
NYSE:NULong
by PukaCharts
NUBank Update - Stop Raised NUBank - NYSE:NU ⚠️We already lost the 21 SMA ✅Raised my stop to $7.55 Good news is we have POC under price and we had two touch downs to the $7.70 level. IMO if we lose these both, the diagonal line too will be lost too & id rather get some of the position off the table. I still think we can bounce and go higher with a wave 5 extension higher. You could enter a trade here and set a stop under POC to your risk tolerance. Would I do this? Only with a small position because we have had one hell of a run. An ideal entry would be off the 200 MA @$6.83 at present. Lets see how this plays out. Incredible run and profit, and now a protective stop in place hat ensures gains will crystalize if structure is broken PUKA
NYSE:NU
by PukaCharts
NUBANK - A perfect example of great TANUBANK - NYSE:NU A beautiful case of Technical Analysis providing all the structures for a winning trade. First shared this idea earlier in the year. It was just an idea....now we are almost 100% up. Surpassed 90% return on this trade since taking up positions in June 2022 and again in Jan 2023. I sold a portion in Aug 2023 with a breach of the 21 day SMA and reentered slightly lower with a stop. We then reclaimed the 21 day and started moving towards the target. What's beautiful about this trade is the following: 1. We had a double bottom 2. We then had a parallel channel breakout with a target that aligned with the 1.618 fib extension. 3. As things progressed we identified a 5 wave Elliot count. Now we have clear incoming targets at $9.04 and $10.17. We will use the RSI oversold timeframes from the past to help identify when we need to watch the chart carefully (red area) and we also know we can rely on the 21 day SMA as a trigger sell. All the hard work is done here on this trade. We just need to ensure we sell some of our position or all of it if it breaks down. Typically after a 5 wave count you get an ABC style correction. With the TA being perfect on this chart to date, it would not surprise me to see a good correction when this wave 5 completes. All the same, we remain in a winning trade and stay on trend until the trend changes. I almost forgot to mention earnings are released next Tuesday 14th November , so we will need to keep an eye then too. NYSE:NU PUKA
NYSE:NULong
by PukaCharts
Opened new position: NUNU has been added as a new position to our portfolio (8.5% of equity). The trade has been opened as the price took out Friday's high. This is a pullback entry and a low risk trade. The SL can be set at the 50d MA or at Friday's low for swing traders. NU shows a strong relative IBD strength and the stock hass been recently oversold. NU is a holding of Cathy Wood's ARK portfolio. Here is the link to our updated portfolio which is up > 16% in November: www.tradingview.com
NYSE:NULong
by JS_TechTrading
NuBank at the crossroad NYSE:NU Nubank, a crypto-friendly Brazilian bank owned by Nu Holdings, has proven to be a lucrative investment for Warren Buffett's Berkshire Hathaway, which has seen a 93% gain on its Nubank stock this year, making it the best performer in Berkshire's portfolio. Despite some of Berkshire's other key investments like Coca-Cola and Kraft Heinz showing declines, Nubank has shown significant operational growth, increasing its customer count and revenue substantially, and even transitioning from a net loss to a substantial profit. This performance, along with its close ties to the highly regarded Sequoia Capital, makes Nubank an attractive stock to consider for investment, despite the relatively small size of Berkshire's stake in it compared to its overall portfolio.
NYSE:NULong
by TotoParasca
Stock analysis: NuBank (NYSE: NU)From zetalon.com Nubank is a significant player in the fast-growing neobanking sector, currently valued at $96.14 billion and expected to reach $2,048.53 billion by 2030. The Sao Paulo-based neobank has over 85 million customers across Latin America, with a strong financial outlook bolstered by significant investments, including from Warren Buffett's Berkshire Hathaway. However, the company faces challenges like market volatility, regulatory risks, and high loan loss provisions. The report's final recommendation is a "Buy" for Nubank's stock, considering its growth potential and current market positioning. Key Points: Market Overview The global neobanking market is expected to grow at a CAGR of 54.8% from 2023 to 2030. Nubank's Position More than doubled its customer base in two years, currently the fourth-largest financial institution in Brazil in terms of customer numbers. Regulatory Environment Brazil is modernizing its financial system, providing a favorable environment for fintechs like Nubank. Consumer Behavior High adoption rates for neobanks globally, especially in Asia-Pacific and Latin America. Competitive Dynamics Neobanks could act as aggregators, integrating various financial services, challenging traditional financial systems. Financial Performance Nubank's revenues and assets have shown robust growth, despite periods of losses. Key investments, especially from Berkshire Hathaway, have bolstered its financial stability. Risks and Challenges Market volatility, regulatory environment in new markets, and Warren Buffett's skepticism towards cryptocurrencies are some of the risk factors. Technical Analysis Bullish signs, but caution is advised as the stock is approaching overbought territory. Conclusion Nubank appears well-positioned for growth in the burgeoning neobanking sector but comes with inherent risks related to market volatility and expansion into new territories.
NYSE:NULong
by HugoWong032
NU Holdings (NU) Rises 8% from JPMorgan Upgrade, Bullish TargetsNEWS: JPMorgan Names Nu Holdings as Top Pick Among Brazilian Banks Summary: JPMorgan has upgraded its rating for Nu Holdings from "Neutral" to "Overweight," setting a $9 price target. The firm cites Nu's strong market position in Brazil, high returns, and adaptability as key reasons for the positive outlook. JPMorgan's New Rating and Price Target Upgrade to 'Overweight': JPMorgan has raised its rating for Nu Holdings from "Neutral" to "Overweight." $9 Price Target: A price target of $9 has been set for the stock. Rationale Behind The Upgrade Strong Market Share: A proprietary survey indicates that 1 out of 4 Brazilians use Nu as their primary bank, leading to a 27% "principality" or core customer base. Potential for Market Share Gains: The high level of principality implies that Nu Holdings is well-positioned for market share gains, especially as it currently only holds a 0-14% share in most of its product offerings. Credit Resilience: The high principality also indicates strong credit quality, even in challenging market conditions. Competitive Advantages Cost Benefits: Nu Holdings has significant cost advantages compared to traditional banks, translating to higher returns and adaptability to regulatory changes. Financial Performance Solid Second Quarter: Nu Holdings had a strong second quarter with a 17% Return on Equity (ROE). Comparison with Other Banks Top Pick: JPMorgan now considers Nu Holdings its top pick among Brazilian banks, followed by Itaú. Final Thoughts: JPMorgan's upgraded outlook for Nu Holdings underscores the bank's strong market position and adaptability in Brazil. With solid financial performance and inherent competitive advantages, Nu Holdings stands out as a compelling investment opportunity, according to JPMorgan. TECHNICAL ANALYSIS: Today NU formed a bullish RSI bounce (50 RSI levels, which is very bullish). This bounce also occurred on the EMA ribbon, which is another bullish sign. Sell Targets: (1) Sell zone between $7.95 and $8.12 (2) Slightly above the Bollinger Band as the next price target if NU climbs above $8.12.
NYSE:NULong
by realchartchamp
$NU - Profit Target HitJust updating an earlier trading idea. The 1st target profit has just been hit. Trends are powerful. They require a lot of effort to be reversed. The odds are this one will continue. However, after the breakout and confirmed transition into a confirmed uptrend, this market is now trading against an area where bearish pressure is likely to step in and interrupt the bullish momentum. Goes without saying that , if you're more into a trend following approach, then there is no exit trigger in this market for you at the moment. No matter what your style and interpretation is, remember that what's really of the essence is risk management. Cheers, Tenacious Tribe - Backtested, Quantified Trading Strategies
NYSE:NULong
by ruben_rodrigues
Brazilian bank with space potential 🚀 Warren Buffett is famous for his investments, which he makes right at very bottom, and then holds them for many years and stocks bring him > 1000%! There is a high probability that history will repeat it self with this cryptocurrency bank, in which he invested $ 1 billion a couple of years ago. In fact, this is the only bet on the cryptocurrency of an elderly investor. 🏦 Nu provides digital banking services. Every year the revenue of this bank grows by 100-200%! The company attracts between 4 and 10 million new customers every quarter. Given population of Latin America, the fintech company boasts significant growth potential in medium term by capturing market share. But it should be remembered that while the bank is unprofitable, but as soon as the first profit appears, this rocket will not be stopped! According to technical analysis, the stock found a bottom in region of $3-4 per share. Now a new growing channel has been formed, which is confirmed by high volumes, so there is every chance that the uptrend will continue. 60% remains to the historical maximum, we will probably see this goal already this year. 💳 Nubank Ticker: NYSE:NU 🔰 Entry price from: 7.3$ 📊 Repurchase price: $5.6, $4. 🎯 Goals: $12, $15, $18 💼 Volume per trade: up to 0.5-3% per portfolio 📈 Potential return: up to 150% It is better to keep this deal for the medium term. You should enter the deal gradually, without rushing. Initially at 0.5-1% of deposit. If the stock falls, then you can average the position by 1-2%. If the stock grows, then the entry point was good and you can increase the position by 1-2%. You can find even more profitable ideas in the profile header 🎩 If you are interested in analysis of any other asset - write in the comments and I will do it.
NYSE:NU
by Dorado_Crypto
NU - Breakout Horizontal Trend Channel🔹Horizontal trend channel in the medium long term is broken up. 🔹RSI is above 70 after a good price increase the past weeks.. 🔹The RSI curve shows a rising trend, which could be an early signal of the start of a rising trend for the price as well. 🔹Overall assessed as technically positive for the medium long term. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe later. WavePoint ❤️
NYSE:NULong
by wavepoint99
$NU A Fintech JuggernautAfter reaching 80 million customers, the stock of the Brazilian fintech giant Nu Holdings Ltd. (NYSE: NU) climbed as high as 9% over the following days. The Warren Buffet backed company has been showing continuous growth in customers and revenues despite the economic environment it is operating in and it is not showing any signs of slowing down. To reach this success, NU has been capitalizing on the untapped market of unbanked individuals in Brazil and most importantly those without credit cards. With NU set to report its Q1 earnings soon, the stock could be an exceptional long play if it beats its estimates in similar fashion to the previous quarters. NU Fundamentals The Brazilian bank’s upcoming earnings are right around the corner with it to report its Q1 earnings on May 15th afterhours, where analysts expect it to report a revenue of $1.3 billion and an EPS of 0.02. Looking back at the history of NU’s earnings, the company has beat its estimates during its last 5 earnings since its IPO. As a result, NU’s stock has always soared following each one of its earnings events, climbing 12% after its last earnings while rising a whooping 26% following its Q2 earnings. As NU witnessed another massive growth in its customer base during Q1, NU could be set to beat its estimates once again after its upcoming earnings which might cause its stock price to increase once again in similar fashion to previous earnings events. But here’s why NU has continuously beat its earnings over the previous quarters and why it could be set to do it again. Having the backing of one of the biggest American investors Warren Buffett, NU has around 107 million of its shares owned by Berkshire Hathaway – the holding company owned by the Oracle of Omaha. With NU operating in Brazil, Mexico and Colombia, the company targets a total population of around 392.5 million people. The company has an ever growing customer base with the company recently stating that its customer base has reached 79.1 million in Q1 2023 which is a 33% increase compared to the year prior. Notably, 75.2 million of these clients are in Brazil, however, the company also stated that its customer base in Mexico and Colombia increased by 66% over the same period. This number further increased in April reaching 80 million customers across the three countries. Most importantly, The company’s CEO David Velez stated that this growth would translate into more revenues per customer. By offering a multitude of different services, NU has a variety of revenue streams per customer including offering free digital bank accounts with no fees apart from a fee of R$6.5 for ATM withdrawals. Opening a free digital bank account could entice customers to explore NU’s other services bringing in more revenue from a single customer such as personal loans with varying interests depending on the customer and a life insurance option starting at a R$9 per month. NU also offers completely free credit cards, where it gains profit by getting a small percentage from the establishment where the customer uses his card to complete a purchase through the mastercard network. All of these services can be found in one convenient place through NU’s smartphone application removing any necessary physical interaction between the customer and the bank. Introducing a new digital currency called Nucoin, NU could attract more customers further increasing its customer base. Nucoin is a form of cryptocurrency that has no expiration date which is a part of a loyalty program that rewards the customer’s engagement with NU’s platform. Customers can hold their Nucoins to level up and unlock further benefits including coin-back rewards and lottery tickets, or sell them to other customers in exchange for cash. NU describes this loyalty program as revolutionary and expects further development with its general manager Fernando Czapski stating “We expect to see many further developments as Nucoin is out there in the market and blockchain technology expands its reach.”. Nucoin could increase the number of active customers in the future while also bringing in new customers. One of NU’s biggest feats is the bank’s revenue growth despite operating in an uncertain economic environment. NU went through the largest recession in Brazil during 2015 and 2016 where the country’s GDP decreased by 3.5% in 2015 and another 3.5% in 2016 in addition to the political uncertainty clouding the 3 countries it operates in. Despite these headwinds, NU has survived as its customer base increased from less than 100,000 at the start of 2015 to nearly 1.2 million at the end of 2016 and has been continuously racking up revenues with its revenues growing 171% YoY in 2022. Moreover, the bank is expected to report its final loss in 2022 according to the 11 American bank analysts, where it’s expected to turn profits of approximately $370 million in 2023. NU already reported its first quarterly profits during its Q3 2022 earnings where it reported a net profit of $7.8 million. As a result, NU bank could be a great long term investment in anticipation of its 2023 annual financial report. The reason behind NU’s rapid growth is due to its utilization of the unbanked population in Brazil where only 70% of Brazilians had an account at a bank or at any other financial institution in 2017. Additionally, only 27% of Brazilians owned a credit card in 2017 due to the difficulty of obtaining one in the country. To further explain, Brazilians can be denied a credit card if they have a history of debts in the database of Serasa – a 50 year old Brazilian company responsible for a complete database containing information on private individuals and legal entities. They can also be denied a credit card if more than 30% of their income is compromised with the payment of any financing such as loans or installments for example. To capitalize on this untapped market, NU started offering credit cards to individuals who aren’t able to obtain a credit card due to the previously mentioned reasons resulting in NU having around 32 million credit card active users as of Q3 2022. At the start of this year, NU started offering credit cards to customers between the age of 12 and 17 years old as long as it is requested by their legal guardian which could cause these young individuals to be lifelong customers. However, this could be a risky approach for NU causing it to have a significant amount of unpaid debts by its customers in the future. NU Financials In its 2022 annual report, NU reported $29.9 billion in assets including $4.1 billion in cash and equivalents, $8.2 billion in credit card receivables, and $1.6 billion in loans. NU witnessed growth in assets from $19.8 billion including an increase in cash and equivalents from $2.7 billion, an increase in credit card receivables from $4.7 billion and an increase in loans from $1.1 billion. NU liabilities grew YoY from $15.4 billion to $25 billion as its deposits increased from $9.6 billion to $15.8 billion and its borrowings increased from $147.2 million to $585.6 million. NU revenues grew YoY from $1.6 billion to $4.7 billion and its gross profit increased from $732.9 million to $1.6 billion. However the company’s net loss widened YoY from $165.3 million to $364.6 million. Technical Analysis NU stock trend is bullish as it is trading in an upwards channel. Looking at the indicators, NU stock is currently trading above the 21 MA, the 50 MA, and the 200 MA which is a bullish sign. The RSI is approaching overbought at 60 and the MACD is bearish. Fundamentally, NU stock’s most recent catalyst was the announcement of the company reaching 80 million customers while one of its upcoming catalysts is its Q1 earnings on May 15th. NU stock price is expected to increase in light of its upcoming earnings report if it does beat estimates similarly to its past earnings. A possible play would be going long with an entry point would be on testing the 21 MA, taking profits on testing the upper trend line while leaving a tail for if the stock breaks through the channel and tests the $6.44 resistance. NU Forecast With NU reaching 80 million customers last month, the company could be set to continue its streak of milestones in the future as it is expected to realize profits soon. NU could increase this number of customers even more having started its new loyalty program by offering its customers the newly formed digital currency Nucoin as a reward for their engagement. Notably, NU has already proved its worth after surviving the 2015/2016 Brazilian recession. In addition to continuing to grow with its revenues constantly increasing over the years despite the everlasting uncertain economic environment where it is operating. To achieve such success, NU capitalized on the untapped market of unbanked Brazilians by offering credit cards to individuals who aren’t able to obtain ones at other banks while also offering credit cards to customers under the age of 18. Based on these reasons and having the backing of Warren Buffett, the NU stock forecast could be promising in 2023 and beyond. Finally, NU stock could be one of the best stocks to buy now in anticipation of its upcoming Q1 earnings.
NYSE:NU
by Penny_Stocks_Today