Today is Friday, August 26, 2022.

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Shares of Affirm Holdings (Nasdaq: AFRM) dropped 13.80% in after-hours trading on Thursday after the financial tech company posted negative financial earnings.

Financials: Affirm posted a loss of 65 cents per share, which was below estimates.  The revenue was $363.1 million, which was better than expected.

The Good: Active merchants grew from 29,000 to 235,000 and active consumers increased by 96% year-over-year.

Going Back: Affirm’s founder and CEO Max Levchin said that “the growth of online commerce is falling back to pre-COVID levels.”

Outlook: Revenue guidance in the current quarter was between $345 million to $365 million, and for the full year it was between $1.625 billion to $1.725 billion; both were below estimates.

Numbers: Shares of Affirm are down 67% this year, but are up 35% in the past 30 days.

Final Thoughts: Affirm is in the Buy Now, Pay Later (BNPL) space, which has struggled in 2022 after a surprisingly strong 2021.

Notable Earnings Today: JinkoSolar (NYSE: JKS).

Notable IPOs Today: Hempacco Co., Inc. Common Stock (Nasdaq: HPCO), Jianzhi Education Technology Group Company Limited American Depositary Shares (Nasdaq: JZ).

Notable Equity Crowdfunding Campaigns Ending Today: Hook & Irons Golf and Social Lounge (Mainvest).

Notable Economic Events Today: Core PCE Price Index (8:30 a.m. ET), Goods Trade Balance (8:30 a.m. ET), PCE Price index (8:30 a.m. ET), Personal Spending (8:30 a.m. ET), Retail Inventories Ex Auto (8:30 a.m. ET), Goods Trade Balance (8:30 a.m. ET), Michigan Consumer Expectations / Sentiment (10:00 a.m. ET).

With the holiday season just a few months away, here’s a look at how toy stocks are performing this year.

Toy Giant: Mattel (Nasdaq: MAT) has seen its stock price jump 9% this year, although the growth has slowed down in recent months.

Not Good, Bro: Shares of Hasbro (Nasdaq: HAS) are down 18% in 2022, but are up 7% in the past month.

Big Gains: JAKKS Pacific (Nasdaq: JAKK ) is up 142% this year, which is incredible. That includes a 50% jump in the last 30 days.

Final Thoughts: Toy stocks are all over the place this year. It’s good to keep an eye on them before the holiday season starts.

Briefly describe your business. We are solving three of humanity's biggest challenges; low-cost clean electricity, grid-scale energy storage, and clean water access. We are the creators of the world's only low-cost handheld seawater desalination device for humanitarian purposes.

What are the terms of the investment for your campaign? We are raising a Regulation CF campaign on StartEngine at a valuation of $120 million. Price per share is $10.38 and 385,355 shares are available. Previous investors and those investing $5,000 will receive up to 7% in bonus shares.

What makes your startup special? We are backed by institutions like Techstars, World Economic Forum, Amazon, and Shell, and operating in a $6 trillion energy and $500 billion water market. We are already generating revenue with 4,500 customers and over $500,000 in sales and preorders.

More Losses: NFT- and Metaverse-Related Cryptocurrencies Underperform as Floor Prices Sink (CoinDesk)

Mind the Gap: Gap withdraws 2022 financial outlook as Old Navy sales fall in second quarter (CNBC)

Bikeless: Peloton’s Quarterly Loss Tops $1.2 Billion as Bike, Treadmill Sales Plunge (The Wall Street Journal)

Go Big or Go Home: Mortgage rates climb again, jumping to more than 5.5% (CNN)

Get Used to it: The Majority of Car Loans Are Now Going Toward Used Cars (Jalopnik)

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