Despite consumer credit concerns, Benchmark Managing Director Mark Palmer initiated coverage on five fintech stocks — one of which is Block (SQ) — with Buy ratings. Palmer joins Yahoo Finance Live to discuss why fintech is "a stock picker's sector" right now. Palmer says fintech valuations are disconnected from growth prospects currently. However, firms "well-positioned to help consumers during a difficult time" in this economy will continue adding sustainable value and see stock boosts. Palmer highlights Block — which owns Cash App and Afterpay — for prioritizing top-line growth as investors seek profitability, which the company is pivoting more towards. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith

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