AFRM Soars 15%! Will You Choose Growth Stocks?
Interest rates are expected to be lowered in September. If rates decrease, will this be beneficial for growth stocks?
Many growth stocks have not yet returned to their peak levels from the pandemic, but they have shown significant gains during the recent two-year rebound.
$Affirm Holdings, Inc.(AFRM)$ surge 16% after better-than-expected results and strong guidance
Loss per share: 14 cents adjusted vs. 51 cents expected
Revenue: $659 million vs. $604 million expected, surged by 48% compared to the previous year.
The company’s net loss decreased significantly to $45.1 million from $206 million a year earlier. CEO Max Levchin announced a target to achieve GAAP operating profitability by the fiscal fourth quarter of 2025.
In addition to Affirm's post-earnings surge, which other growth stocks are worth paying attention to?
$Carvana Co.(CVNA)$ , a leading online used car retailer, closed at 154.31 with a monthly return of 15.82%.
$Upstart Holdings, Inc.(UPST)$ , a company focused on providing AI-driven lending solutions, closed at 42.08 with a monthly return of 50.66%.
$Cloudflare, Inc.(NET)$ , known for its cloud-based security solutions, closed at 79.85 with a monthly return of 3.03%.
$Twilio(TWLO)$ , a cloud communications platform, closed at 60.93 with a monthly return of 3.04%.
$ARK Innovation ETF(ARKK)$ closed at 44.27 with a monthly return of -2.77%.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
