AFRM - Affirm

Downside momentum: if breaks below $75, watch to downside.

Buy now pay later fintech embedded in Apple Pay, Amazon, and Shopify checkouts. After years of losses, it is now turning profitable, attracting institutional money. Chart shows uptrend and improving relative strength.

Up 3.4% as part of fintech rotation. No specific thesis provided.

Host loves the owners, underwriting quality, and strategy. Founded by Max Levchin (PayPal co-founder). He considers it a strong company and would pick it without question among fintech names, though he doesn't currently own it.

Part of fintech watchlist. Host loves the fintech/financial services space with recurring high fees and growing TAM. Waiting for better entry point.

Had a pretty bad move on Friday. If it breaks under the $64 support, continue watching it down. Described as volatile with potential continuation-style opportunities to the downside.

Affirm is mentioned as Klarna's closest big competitor, trading at 4.5x price-to-sales vs Klarna's 1.4x. Used as a valuation benchmark to argue Klarna is undervalued. No direct buy/sell opinion expressed.

High-risk buy-now-pay-later business; likely to suffer defaults in a downturn

Affirm had a rough sell-off. If it breaks down under $43.83, watch for further downside.

Host mentions he might consider getting a stake in Affirm one day, calling them a 'real winner,' but is not currently buying. He distinguishes Affirm and Block as dealing with lower-end/subprime consumer loans, which is relevant given the private credit stress news.