Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:Diversified Energy Company PLC (DEC) : This independent oil and gas company has seen the Zacks Consensus Estimate for its current year earnings increasing 41.6% over the last 60 days.Affirm Holdings, Inc. (AFRM) : This payment network company has seen the Zacks Consensus Estimate for its current year earnings increasing 43.1% over the last 60 days.Cerence Inc. (CRNC) : This AI-driven mobility solutions provider has seen the Zacks Consen ...

Fintech Sector Overview - Fintech stocks have been negatively impacted by rising interest rates over the past two years, but a decline in interest rates could present a buying opportunity for undervalued stocks [1] - Companies with defensible niches, robust sales growth, improving margins, and reasonable valuations are potential turnaround plays in the fintech sector [1] Robinhood Markets (HOOD) - Robinhood's stock has declined more than 70% from its all-time high and is trading nearly 50% below its IPO price [2] - The company's revenue surged 37% to $1.87 billion in 2023, surpassing its pandemic-era record high of $1.82 billion in 2021 [2] - Adjusted EBITDA improved from negative $94 million in 2022 to positive $536 million in 2023 due to cost-cutting measures [3] - Analysts expect Robinhood's revenue and adjusted EBITDA to grow 39% and 104%, respectively, in 2024 [4] - The stock is trading at 33 times this year's adjusted EBITDA, which is considered reasonable [4] Affirm (AFRM) - Affirm's stock has declined 75% from its all-time high and is still trading 15% below its IPO price [5] - Revenue surged 46% to $2.32 billion in fiscal 2024, compared to 18% growth in fiscal 2023 [5] - Adjusted operating margin improved from negative 5% to positive 16% in fiscal 2024 [5] - Adjusted EBITDA improved from negative $1.07 billion to negative $447 million in fiscal 2024 [5] - Analysts expect revenue to rise 29% to $3 billion in fiscal 2025, with adjusted EBITDA improving to negative $58 million [6] Nu Holdings (NU) - Nu Holdings has more than tripled its customer base from 33.3 million in 2021 to 104.5 million in Q2 2024, becoming the fourth-largest financial institution in Latin America [7] - The company's activity rate increased from 76% in 2021 to 83% in 2023, with monthly average revenue per active customer more than doubling [8] - Revenue grew at a compound annual growth rate of 117% from 2021 to 2023, and the company turned profitable in 2023 [8] - Analysts expect revenue and adjusted earnings to grow 40% and 68%, respectively, in 2024, with the stock trading at 25 times forward earnings [8]

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, September 5th:Grupo Supervielle S.A. (SUPV) : This financial services holding company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.8% over the last 60 days.Grupo Supervielle’s shares gained 26.6% over the last three months compared with the S&P 500’s advance of 3.1%. The company possesses a Momentum Score  of A.Air Industries Group (AIRI) : Thi ...

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:Banco de Chile (BCH) : This banking and financial products and services company has seen the Zacks Consensus Estimate for its current year earnings increasing 10.2% over the last 60 days.Affirm Holdings, Inc. (AFRM) : This payment network company has seen the Zacks Consensus Estimate for its current year earnings increasing 43.1% over the last 60 days.International Consolidated Airlines Group S.A. (ICAGY) : This passenger and cargo tran ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...

These ten large-cap stocks were the best performers in the last week. Are they in your portfolio? Also Read: Photo via Affirm ...

I going to make a greatest artwork as I can, by my head, my hand and by my mind.Affirm Holdings (NASDAQ:AFRM) skyrocketed on Thursday as investors digested the fintech’s strong quarterly earnings that were released after market close on Wednesday. Affirm Holdings, with its focus on buy now, pay later products, saw its sales surge 48% YoY amid robust demand for credit card alternatives. The fintech is growing its buy now, pay later platform at scale and easily surpassed Wall Street’s profit targets. I th ...

Shares of Affirm Holdings, Inc. (AFRM) surged 31.9% yesterday thanks to better-than-expected fourth-quarter fiscal 2024 results and optimistic guidance, including a goal to achieve operating income profitability on a GAAP basis in the fourth quarter of fiscal 2025. Its buy now, pay later (BNPL) services gained popularity during high inflation, driving its growth.AFRM’s Key Q4 DriversIts fourth-quarter fiscal 2024 results revealed a 19% year-over-year increase in active merchants to 303,000. Strength in gene ...

Rawpixel/iStock via Getty Images Introduction Affirm (NYSE:NASDAQ:AFRM) reported a stellar earning today and its stock went up by 30%. We first discussed Affirm in November of 2023. We demonstrated the distinctiveness of its business model, and we'll do it once more this time, but with a clearer justification with a focus on Affirm's user profile. Debunking Misconceptions about Affirm's Users The most common misperception among investors. Who uses Affirm as a consumer? Many people think that Affirm is o ...

Key TakeawaysAffirm reported quarterly results that beat analysts' expectations for revenue and net income.CEO Max Levchin expects the company to be profitable by the fourth quarter of fiscal 2025.The company's first quarter revenue guidance range exceeded the analyst consensus. Affirm Holdings (AFRM) shares are surging after the buy now, pay later (BNPL) fintech company posted better-than-expected fiscal fourth-quarter results and strong guidance after the bell Wednesday. Revenue jumped 48% year-over-year ...