While Upstart can generate more origination volume, LendingClub is better positioned to handle market shocks.
Down more than 26% so far this year, the Nasdaq Composite has been in a bear market for some time, while the S&P 500 briefly entered into bear market territory last week. While it has undoubtedly been a difficult year for many investors, bear markets inevitably return to bull markets. With that in mind, investors should prepare now and look for bargains while a bear market is in full swing because investors with a long-term outlook are often rewarded.
Take Roku (NASDAQ: ROKU), LendingClub (NYSE: LC), and PayPal Holdings (NASDAQ: PYPL), for example, each down at least 75% from their highs. Roku may not look cheap from the standpoint of traditional value metrics. Shares are changing hands at 99 times trailing earnings, 64 times free cash flows, and four times sales.