Affirm Soars Double Digits on Tuesday. Is the Stock a Buy? [Yahoo! Finance]
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Source: Yahoo! Finance
The company also looks set to benefit from its renewed partnership with Amazon. 10 stocks we like better than Affirm › Buy-now/pay-later (BNPL) leader Affirm (NASDAQ: AFRM) is on the move again, jumping 10.2% on Tuesday as the company benefited from a broad upswing in BNPL and fintech stocks, in part on a weaker-than-expected jobs report, which could persuade the Federal Reserve to continue to lower interest rates. However, Affirm also provided some details on its business, including its five-year partnership extension with Amazon in a fireside chat with CFO Rob O'Hare that seemed to please investors. The gains in Affirm stock came in two stages on Tuesday. The stock surged at the open, seemingly in response to a downbeat jobs report, and then jumped again after noon, which appeared to be prompted by comments from the fireside chat today. Other BNPL and fintech stocks , including Sezzle and Lemonade , also jumped today, benefiting from a share buyback announcement and an up
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