Jim Cramer Discusses Trump Interest Rate Cap & Affirm (AFRM)

We recently published 9 Stocks Jim Cramer Talked About.  Affirm Holdings, Inc. (NASDAQ:AFRM) is one of the stocks on Jim Cramer talked about.

Affirm Holdings, Inc. (NASDAQ:AFRM) is a financial technology company that is primarily known for providing Buy Now, Pay Later services. The shares are down 2.9% year-to-date. January saw significant volatility in the payments and financial technology stocks after President Trump suggested a 10% APR cap for credit cards. After Trump’s remarks, financial firm Mizuho commented that BNPL companies like Affirm Holdings, Inc. (NASDAQ:AFRM) could benefit as banks tighten their lending criteria and consumers shift towards alternative financing companies. Before the President’s remarks, Wolfe Research had initiated coverage of the stock in December, set a Peer Perform rating and a $72 to $82 range for the share price. A key theme in Wolfe’s coverage was APR loans, as it pointed out that Affirm Holdings, Inc. (NASDAQ:AFRM) was growing its presence in the 0% APR loan market. Cramer has regularly discussed the firm and praised its performance. After the Trump suggestion, he commented that Affirm Holdings, Inc. (NASDAQ:AFRM) would be a beneficiary:

“Well, look, actually, Affirm, buy now, pay later, they lend excellent. They don’t really have a problem with this, they don’t do the stuff. But yeah, Carl. . .they are a beneficiary, the stock was up four points, yeah the stock was up four points at five thirty.”

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Disclosure: None. This article is originally published at Insider Monkey.