Diamonds and Dogs
Buy now, pay later. Affirm Holding (AFRM) is up 45% as the consumer financing firm signed a new partnership deal with Amazon.com (AMZN). Amazon will test Affirm's system of buy now, pay later installment payment plans.
Credit card companies take a hit. Capital One (COF) is down 5% following a downgrade and news of Amazon's new plan of buy now and pay later. The insurance stocks like Prudential (PRU) and Metlife (MET) are lower by a percent as Hurricane Ida wrecks havoc on New Orleans.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.