Samlunch
08-30

$Affirm Holdings, Inc.(AFRM)$ $Block(SQ)$ $PayPal(PYPL)$ $SoFi Technologies Inc.(SOFI)$ 

Fintech stocks are catching a bid currently.

The prospect of rate cuts and lower interest rates coupled with a strong US consumer confidence and spending (but with higher levels of personal debt) seem to be propelling sentiment for these fintech companies that depend on people spending and borrowing. 

Even the traditional payment processors of Visa Mastercard Amex are seeing positive price action in the market. 

Personally, i would trade fintech based on momentum, but only invest long term in the Visa and Mastercard. 

The low margins, high dilution, and lack of moat make fintech players indistinguishable from each other. 

Low beta Visa will silently outperform the S&P500 over the next decade with a simple buy and hold strategy.

AFRM Soars 30%! Will You Choose Growth Stocks?
Affirm shares surge 30% after better-than-expected results, strong guidance. With rate cut coming in September, would you look at growth stocks?
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