Installment Payment for Everything
Hey Scoopers,
After a volatile week with mixed employment and inflation data, the stock market ended mostly on a high note on Friday. ā More on that in the “Overall Market” section.
Beyond the overall market, a fitness equipment maker regained investorsā confidence. Meanwhile, a cloud data company could not convince investors of its ambitious goals. ā More on that in the “What’s Up?” and “What’s Down?” sections.
By the way, what do you think about paying for everything in installments? ā More on that in the “Water Cooler” section.
But, first, here is a recap of what happened in the market yesterday:
Market Recap
- U.S. markets: The stock market mostly ended in the green zone on Friday. Scroll down to the “Overall Market” section to read more.
Cryptocurrency: Bitcoinās price stayed at $36K per coin.
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Volatile Week
The stock market ended mostly in the green zone on Friday.
After a week of ups and downs and mixed economic data, the markets had another volatile performance on Friday. The S&P 500 set a new record high for the second session in a row. Meanwhile, the Nasdaq index and the Dow Jones index gained enough to erase earlier week losses and finished Friday almost flat.
Back on Track
So, what happened?
Shares of Peloton (Ticker:Ā PTON) were up by more than 6% on Friday. Although facing problems with regulators in the last few months, the fitness company has regained the marketās confidence. Last week, an analystĀ said he believes the negative impact of Pelotonās recall would be short-lived. Thus, despite making some mistakes in the past, it seems Peloton is regaining its lost momentum.
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Disappointed
So what happened?
Shares of Snowflake (Ticker:Ā SNOW) were down by more than 3% on Friday. The drop in value came after the company announced aĀ whopping revenue jump forecast. However, analysts are torn about whether the company can reach its lofty goals. Although Morgan Stanley backed up the plans, JPMorgan analysts were not convinced. For now, it seems investors agreed with JPMorgan analysts.
Pay for Everything with Installment
So what happened?
The European fintech company KlarnaĀ raised $640 million in investments from SoftBankĀ (Ticker:Ā SFTBY). Klarna offers a service called ābuy-now-pay-later.ā The service lets customers spread out large purchases across several interest-free monthly payments. After the investment from SoftBankās Vision Fund 2, Klarnaās valuation increased to $46 billion. The company generates revenue by taking a fee from merchants every time a customer makes a transaction. Although the merchant has to pay the fees, the seller often experiences an increase in sales. According to its CEO Sebastian Siemiatkowski, the services bring more transparency and convenience for customers.
How do you think about paying for all your purchases with a monthly installment?
If you have any questions, or suggestions let us know by emailing us atĀ members@tradestocks.com. We look forward to hearing from you.