Stocks were lower this morning as uncertainty on the debt ceiling and inflation concerns weighed heavily on investor sentiment. October has a reputation for volatility, and we may see that play out in the days to come. However, many market strategists expect stocks to reclaim their footing and eclipse their record highs once uncertainty subsides.
At the start of the first full week of October trading, the Dow was more than 3.6% away from its August 16th record close. The S&P 500 was nearly 4% lower than its September 2nd record close. The Nasdaq has lost more than 5.2% since its September 7th record close. We’ll have to wait and see how the week plays out.
In today’s stock pick, we’ll take a look at a quickly evolving industry and one company within it that, through its unique approach for expansion, is rapidly establishing itself as a stand-out among peers.
Rare 19¢ trade for 5,100%
Penny Trades” are cheap and explosive… Warren Buffett grabbed 46 million of them for 1¢ a pop. Right now, he’s up as much as a rare 4,429% on this trade. But “Penny Trades” aren’t reserved for billionaires like Buffett. Thanks to SEC loophole 30.52, you can play them in your brokerage account. One of these “Penny Trades” shot up 183% in one day… Penny Trades can pay far MORE than stocks… Our readers just saw a 19¢ trade shoot up as much as a rare 5,100%… Here’s the #1 “Penny Trade” for RIGHT NOW. [REVEAL TICKER]
Affirm (AFRM) made its debut onto public markets earlier this year in one of the most talked-about IPO’s in history. Affirm priced its shares above the target range at $49 a piece. The stock soared 95% to close its first day of trading at around $97. The stock price surged to an all-time high of $146.90 in February before the broad sell-off in tech stocks combined with an earnings miss caused the stock to tumble to the mid-$40s in May. But over the past few months, Affirm stock has rebounded and seems to have finally found its footing. The stock looks ready to continue its way up with help from management in the form of strategic partnerships.
Rather than targeting individual e-commerce businesses one by one, Affirm set its sights on gaining access to the enormous power offered by two of the most prominent digital retailers on the planet. The company recently signed blockbuster deals with Amazon (AMZN) and Shopify (SHOP) that will place it at the checkout for countless consumer purchases.
To put it into context, Affirm currently has slightly more than 7 million customers. Shopify has a user base of 118 million, and Amazon has a user base of 200 million. Shopify and Amazon, therefore, present an opportunity for Affirm to grow its customer base by 4,470%.
The company’s guidance (which excludes the Amazon deal) calls for $1.175 billion in revenue for fiscal 2022, implying a growth rate of 35% and prompting analysts to increase their forecasts. The current consensus among analysts is to Buy AFRM. There are 6 Buy ratings, 4 Hold ratings, and 1 Sell rating for the stock.
Where to invest $1,000 right now...
Before you consider buying Affirm, you'll want to see this.
Investing legend, Whitney Tilson just revealed his #1 stock for 2021...
And it's not Affirm.
He bought Netflix at $7.78, Apple at $1.42, Amazon at $48 and Now he's going all-in on the one stock driving the next big tech trend that will make investors rich in 2021.
You can learn all about it on Mr. Tilson's Website, here.
Wondering what stock he's investing in?
But you have to act now, because a catalyst coming in a few weeks is set to take this company mainstream... And by then, it could be too late.
Jeff Bezos Just Poured $10 Billion Into This…
Not many people know this story… But in 1998, Bezos invested $250,000 of his own money in Google, when the company was just getting started out of a garage in California. When Google went public in 2004, that $250,000 investment translated into 3.3 million shares of Google stock. Nobody knows if Bezos has sold any shares. If he hasn’t, today they’re worth more than $5.6 billion.Jeff Bezos is betting big on a new trend. This time he’s planning to invest $10 billion of his own money in this exciting new trend. That’s 40,000 times more money than what he invested in Google. That’s how big he thinks this could be. [Full Story…]