News From the Buy-Now, Pay-Later Industry

News From the Buy-Now, Pay-Later Industry

September 19, 2021 Off By administrator

On the heels of its recently announced partnership with Amazon (NASDAQ:AMZN), buy-now, pay-later (BNPL) company Affirm (NASDAQ:AFRM) just released some pretty impressive results. And elsewhere in the BNPL space, PayPal (NASDAQ:PYPL) just announced its planned acquisition of a leader in the Japanese market that could have global implications for the business. Plus, host Jason Moser and contributor Matt Frankel, CFP, each discuss a stock they have on their watchlists right now.

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This video was recorded on Sept. 13, 2021.

Jason Moser: It’s Monday, Sept. 13. I’m your host, Jason Moser. On this week’s Financials show, we’ll dig into Affirm’s most recent earnings report. PayPal is making an acquisition in the buy-now, pay-later space, and we’ve got a couple of stocks we’re watching that we’ll talk about, too. Joining me, it’s Certified Financial Planner — and he’s a happy football fan today, because his Gamecocks and his Eagles both won over the weekend. It’s Matt “Touchdown” Frankel. Matt, how’s it going?

Matt Frankel: Good. I can broadcast the Gamecock alliance. I usually can’t keep the fact that I’m an Eagles fan to myself. [laughs] People hear that and just assume certain things about it.

Moser: Man, I tell you, the NFL, I can ruffle some feathers. Man, no pun intended, in all honesty, we need some serious loyal fan bases out there. We need a little bit of the day when we can just agree to disagree and still move forward. Whatever happened to those days?

Frankel: The Eagles are a little polarizing, but they did look dominant.

Moser: They are. That’s funny. Real quickly, I grew up at Dallas Cowboys fan, In South Carolina, there was never a home team, so to speak, and the Cowboys were always on TV, so that was just the team I always watched. My wife, several years back, got me a ticket to go see the Cowboys play the Eagles. The Cowboys were out of the season, it was over for them, but it was just a chance to go see an NFL game. So I drove up to Philly to go see the game, and I swear to you, there was no way in the world I was letting anyone know that I was actually pulling for the Cowboys, because I was afraid I might not make it out of there alive. That’s a rough place to go see a game, man.

Frankel: Yes, it is. I miss it up there, I tell you.

Jason Moser: It was a lot of fun. It’s an electric environment for sure.

Matt, last week, Affirm reported earnings for the quarter, and that was on top of a very positive headline of a relationship they just developed with Amazon. But all in all, Affirm shareholders are going to be feeling really good about where the company is going right now. A lot of positive news out there, and the results from the most recent quarter certainly support that….

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