StoneCo Stock May be Basing Like a Rock

Brazilian point-of-sale (POS) financial technology provider StoneCo (NASDAQ: STNE) stock has fallen (-54%) year-to-date despite triple digit top-line growth. The popular aggregator of electronic and digital payments and e-commerce platform in Brazil not only beat its fiscal Q1 2022 estimates but raised it top-line outlook for fiscal Q2 2022. The global macroeconomic slowdown fears have…