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3 Financial Stocks to Sell as the Sector Faces Margin Pressure in 2024
InvestorPlace· 2024-01-26 02:50
The United States banking sector had been in the spotlight in the first half of last year, as a series of events shook the industry and the markets. In March 2023, a wave of bond selloffs triggered by rising inflation expectations caused massive losses for banks holding long-term debt securities. In April, several regional banks collapsed due to liquidity problems and credit quality issues, sparking fears of a systemic banking crisis. Furthermore, there are definitely some financial stocks to sell you need ...
These 5 growth stocks are now in buy ranges
MarketBeat· 2024-01-25 13:01
Key PointsWith the recent uptrend in the S&P 500, several stocks with top revenue and earnings growth rates are actionable.Sales and earnings growth can tell you which stocks could be winners, while the chart shows the time to buy.Stocks from the infotech and biotech sectors are among the market's best growth performers.5 stocks we like better than ANSYSChart patterns and consolidations are worth watching, as they provide actionable guidance for making a purchase. With the recent uptrend in large-cap stocks ...
Secondary squeeze: exploring 3 highly shorted stocks
MarketBeat· 2024-01-23 11:07
Key PointsAs the market approached its all-time high near the close of last year, previously beaten-down stocks with high short interest gained attention and surged in price.Three top-performing, highly-shorted stocks from the previous year have significantly underperformed in the new year, with declines ranging from 14% to 20%.Despite recent declines, elevated short interest raises speculation about a potential secondary squeeze in these stocks.5 stocks we like better than CarvanaAs the year came to a clos ...
The buy now, pay later holiday debt hangover has arrived, as consumers wonder how they'll pay bills
CNBC· 2024-01-21 12:17
When she started shopping for the holidays late last year, Kiki Andersen was struggling to buy her loved ones gifts. So she turned to a novel solution to get through the season: Buy now, pay later. The 31-year-old comedian from Los Angeles used Klarna and PayPal to split a variety of purchases into four interest-free payments spread out over a series of weeks. At the time, her upfront cost was about a quarter of the overall purchase price. But now that January has arrived and the other installments are star ...
Fast-Track to Fortune: 3 Stocks to Buy to Get Rich Fast
InvestorPlace· 2024-01-16 23:17
Many stocks had incredible runs in 2023, and not just the so called “Magnificent 7” mega-cap technology concerns. While underreported, many stocks beat the performance of the Magnificent 7 last year. Further, they saw their share prices completely recover from the downturn in 2022. Best of all, these market outperformers look likely to continue running hot. This year and beyond, they are fueled by strong earnings, growing market share, and beneficial partnerships. For investors wanting to grow their portfol ...
RTO vs. AFRM: Which Stock Is the Better Value Option?
Zacks Investment Research· 2024-01-16 17:47
Investors interested in Business - Services stocks are likely familiar with Rentokil Initial PLC (RTO) and Affirm Holdings (AFRM) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank favors stocks with strong earning ...
Affirm's pullback, short squeeze potential present a second chance
MarketBeat· 2024-01-16 13:39
Key PointsNews of the Affirm network coming to Walmart self-checkout kiosks caused AFRM to gap up 15% on December 19.Signs of rising BNPL adoption is a bullish development for Affirm because the company has only scratched the surface in the U.S. retail market.Affirm's quarterly update in February could drastically sway the market's opinion one way or the other and set the tone for 2024.5 stocks we like better than AffirmBuy now, pay later (BNPL) leader Affirm Holdings Inc. NASDAQ: AFRM is having a 20% off s ...
Here's Why You Should Retain Affirm (AFRM) Stock for Now
Zacks Investment Research· 2024-01-15 16:17
Affirm Holdings, Inc. (AFRM) exhibits strong growth potential, driven by increasing active merchant numbers, a flourishing buy now, pay later (BNPL) landscape and a rising Gross Merchandise Volume (“GMV”). The company's robust transaction volumes and interest income contribute significantly to its positive outlook. The stock has experienced an impressive 144.1% surge in the past six months, surpassing the industry average of 6.1%.Affirm — with a market cap of almost $12.6 billion — is a platform for digital ...
Affirm (AFRM) to Offer Pay Over Time Options to Evolve Customers
Zacks Investment Research· 2024-01-10 18:32
Affirm Holdings, Inc. (AFRM) recently disclosed that it has partnered with Evolve to offer its pay over time options to its customers. Affirm, as a payment company, aims to provide flexible payment options to customers via its buy now pay later feature. Evolve, being a vacation rental hospitality company, will be able to offer travelers with AFRM’s pay over time options, thus improving their top line.The deal comes at an opportune time for AFRM as demand for flexible payment options related to travel is rap ...
The 3 Best Fintech Stocks to Buy in January 2024
InvestorPlace· 2024-01-10 13:10
Financial technology can help transform an economy and it has emerged as a strong sector in 2023. The industry did face some volatility throughout the year, but with inflation easing, it looks like better days are ahead. Now is the time to look for growth stocks that have the potential to soar as the fintech sector grows. According to a McKinsey report, the revenue in the industry is expected to grow three times faster than in traditional banks between 2023 and 2028. This highlights the growing consumer pre ...