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Tech and fintech stocks rebounded in July after a brutal first half of the year dominated by selling and concerns about the interest rate and macro outlook. The Nasdaq Composite gained roughly 12.4% in July. Shares of the buy-now-pay-later company Affirm (NASDAQ: AFRM) gaine...
Affirm Holdings (NASDAQ: AFRM) had a good day on Friday, with its stock price up about 2.4% as of 3 p.m. It had gone up as much as 7% mid-morning from the previous day's close, before settling down. Affirm can attribute its good day to a strong earnings report from its partner ...
Affirm Holdings, Inc. (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, today announced it will host a conference call and webcast to discuss fourth quarter and fiscal year 2022 financial results on Thursday, August 25, 2022 at 5:00pm ET. Host...
The bullish view for Affirm is that it is well-positioned to grab a bigger BNPL share with partners while concerns about AFRM's funding availability should have eased. AFRM's bearish view is that the challenging economic conditions might result in asset quality getting worse and credi...
We believe Affirm could benefit from its partnerships with large firms across various markets, including e-commerce with market leaders Amazon, Shopify and WooCommerce. In Fintech, we expect Affirm's partnerships with major payment facilitators to enable its BNPL option to merchants t...
The Federal Open Market Committee met Tuesday to weigh its next move on interest rates (among other things), and companies are beginning to report second-quarter results in earnest this week. As investors tried to sense which way the winds were blowing, the market's mood Tuesday was distinc...
Following weakening performance and a poor takeover attempt, PayPal's shares have plummeted over 50%. Macro conditions are deteriorating and we feel they are bearish for PayPal, the business is not in a position to take advantage. The financials are good and long term the business...
Reassessing valuations in the fintech and payments sector, Credit Suisse analyst Timothy Chiodo downgraded Repay Holdings ( NASDAQ: RPAY ), Nuvei ( NASDAQ: NVEI ), and Global Payments ( NYSE: GPN ) to Neutral last week, citing risk to earnings estimates in the event ...
Shares of fintech up-and-comers SoFi Technologies (NASDAQ: SOFI) , Upstart (NASDAQ: UPST) , and Affirm (NASDAQ: AFRM) plunged on Friday, ending the session down by 6%, 8.5%, and 10%, respectively. All three companies had previously been up quite strongly for th...
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...
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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...