It was a mixed day on Wall Street (^DJI,^GSPC, ^IXIC). Yahoo Finance markets and data editor Jared Blikre shares some of his biggest takeaways from the...
) shares closed lower despite posting a second quarter earnings beat. The company counts some of the biggest names in tech as its clients.We've had four days in the bag here.Well, that's defensive.
That's why I wanna ask you because I remember we were talking about the green back and you had some advice when you see this rising dollar in terms of, you know, what you want to see as an investor, what you do want to see.So the US right now, you actually don't want to see the US as the best performing country in the world.You want, you want the tail wind to be at other countries.So that's why I'm saying the speed of the move matters.
So what I want people to pay attention to is right here, this is the time of year that the VIC tends to trend up and this is where we are right now.So my, my point is all of these tail winds that we had, they're becoming headwinds And so that's a little bit more caution that we have in the markets.
And then we, we set out to try to do better than that and we put a lot of blood sweat and tears into delivering more, more for our consumers, more for our merchants.We set a, we set a reasonable number to start the year out at and went out and did a lot more than we committed to at the beginning of the year.
There's just, there's just tons of runway and so whether it's partners like Amazon or a partnership with Shopify or adding new merchants.You know, you, you print uh the strong results and investors clearly liked it, Michael. And last quarter, we saw that um and on the credit side, we really are continuing to see results come in line with our expectations.
Always appreciate you coming on the show and, and take the time to walk us through the results Thank you. Now, maybe some of these big tech firms were spooked by Wall Street being concerned about the RO I on A I Capex.But we did speak with Angelo Zino earlier in the program about whether this level of revenue concentration could be an issue for the tech giant.
And when I asked him this question, he said to me, kind of the opposite of what we just heard from Angelo.
Jared Blikre AFRM Michael Linford
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