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Affirm Holdings ( NASDAQ: AFRM ) stock sank 10% on Friday, snapping a six-day rally that drove the stock up 43%, and tracking weakness in fintech shares along with tech stocks more broadly. Of S&P 500 industry sectors, Information Technology dropped 1.4% as Sna...
Shares of SoFi Technologies (NASDAQ: SOFI) , Upstart (NASDAQ: UPST) , and Affirm Holdings (NASDAQ: AFRM) rose double-digits this week, up 11.9%, 10.6%, and 29%, respectively, as of the end of Thursday's trading. Each had already seen their shares under pressure h...
Palm Beach, FL – July 22, 2022 – FinancialNewsMedia.com News Commentary – Fintech is a combination of technology and financial services that have transformed the way businesses operate. In the last few years, the financial technology sector has emerged consi...
Since November, my portfolio has been declining at a staggering pace. It declined by 50% at the bottom. Will inflation, interest rate hikes and any recession end? Yes. Hence, while most of my existing stocks are underwater, if now is not the time to buy stocks, when will it ever b...
Affirm ( NASDAQ: AFRM ) managed to extend its rally on Thursday, though Upstart ( UPST ), LendingClub ( NYSE: LC ) and other fintech stocks pulled back after a big runup over the past four sessions in what looks like a classic case of a bull trap. Block ( NYSE:...
Affirm ( NASDAQ: AFRM ), Block ( NYSE: SQ ), LendingClub ( NYSE: LC ) and other fintech stocks are pulling back in Thursday afternoon trading after a big runup over the past four sessions in what looks like a classic case of a bull trap. Block ( SQ ) -1...
To date, AFRM has burned through $1.4B of cash, given its lack of net income and FCF profitability thus far. Since Affirm is not expected to report positive financial health, we expect further reliance on share dilution and Borrow-Now-Pay-Later moving forward. Combined with the po...
Affirm reported a stronger than expected quarter in May, with revenue and GMV both coming in nicely above expectations. Guidance for Q4 was slightly disappointing, with revenue below consensus at the midpoint and adjusted operating loss widening. Valuation does not appear overly a...
Shares of several tech and fintech stocks traded higher today as stocks in general rose and investors took a breather from the selling that has ensued all year. The Dow Jones Industrial Average rose 754 points, while the Nasdaq Composite gained 3.1%. Shares of the buy now, pay l...
Affirm shares are trading in a narrow range. Strong quarterly results and fair outlook discussed. Apple's competitive risks cited. After Affirm ( AFRM ) reported its quarterly results in May, the stock dipped. It fell to a $13.64 low before rallying back to its 50-da...
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2024-06-29 14:34:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...