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Affirm Holdings Inc. AFRM is a fintech offering buy-now-pay-later (BNPL) options for consumers to finance their purchases, enabling merchants to generate additional sales that otherwise may not have been made. The transactions are a win-win for consumers and the merchants, while Affirm is the middleman facilitating the financing.
CNBC's Jim Cramer explains why he is keeping an eye on shares of Affirm Holdings.
Affirm Holdings Inc. NASDAQ: AFRM is a fintech offering buy-now-pay-later (BNPL) options for consumers to finance their purchases, enabling merchants to generate additional sales that otherwise may not have been made. The transactions are a win-win for consumers and the merchants, while Affirm is the middleman facilitating the financing.
Affirm Holdings (AFRM) concluded the recent trading session at $38.50, signifying a -1.41% move from its prior day's close.
In this episode of After Earnings, COO & CFO of Affirm Michael Linford sits down with Katie to reflect on the outstanding Q2 performance for the popular Buy Now, Pay Later company. Linford shares the secret sauce that contributes to Affirm's rapid growth and areas of opportunities to seize, such as key partnerships with Amazon and Apple.
In recent years, high short-interest stocks have become the playground for retail traders and investors, leading to massive rallies and squeezes. These speculative names, driven by a combination of social media buzz and perceived market inefficiencies, showcase extreme volatility, providing traders with an opportunity to profit from short squeezes.
OBT, AFRM and FINW made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on September 25, 2024.
Consumers remained a pillar of support for the economy despite the high interest-rate environment that has prevailed since early 2022. With the Federal Reserve implementing a substantial 50 basis-point rate cut, the benefits of which are expected to trickle down to them, consumers are forecasted to splurge on purchases this holiday season, according to early forecasts provided by Adobe on Wednesday.
Does Affirm Holdings (AFRM) have what it takes to be a top stock pick for momentum investors? Let's find out.
Affirm Holdings (AFRM) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.