FINX ETF

The holiday season saw a robust start, with Americans spending considerably this year. The NRF expects retail sales to rise 3-4% year over year to $957.3-$966.6 billion during the full November-December holiday season.

Global X FinTech ETF is an ETF that tracks the performance of companies in the fintech sector. The ETF holds a maximum of 100 fintech companies, including Intuit, Fiserv, Coinbase, Fidelity National Information Services, and Adyen. FINX has underperformed compared to other fintech ETFs and the broader technology market, but may still be an interesting opportunity for long-term passive investors.

Despite decreasing personal income and savings rates, Americans' personal expenditure saw a sequential increase in September. Holiday season sales forecast is also upbeat.

PayPal beats on earnings and revenues in the third-quarter reporting season. The company also boosted outlook.

FINX provides investors with broad exposure to the emerging financial technology sector, investing in both technology and financial stocks. FINX has an extensive global focus, investing in over 10 countries, with three-quarters of its portfolio focused on the United States. I rate FINX a Sell because of its low dividend yield and extremely low dividend growth rate.

PayPal has fallen lately has due to rising competition in the digital-payment space. The company's latest earnings report has raised concerns among investors due to transaction margin pressures.