$AFRM - AFFIRM AND SHOPIFY TAKE MULTI-YEAR PARTNERSHIP GLOBAL AFFIRM HOLDINGS INC - TO BE EXCLUSIVE PROVIDER OF SHOP PAY INSTALLMENTS IN US AND CANADA

If you thought last week was a big one for earnings.. hold onto your butts... $AMD $AMGN $AMZN $AFRM $CMG $DIS $FTNT $GOOGL $ICE $LLY $NVO $NXPI $PLTR $PYPL $QCOM $RBLX $SPOT $UBER

$AFRM - Affirm Holdings to Get $750 Million in Funding From Liberty Mutual, Sources Say -- WSJ Affirm Needs Investors' Money to Hit 2025 Lending Target of More Than $34 Billion -- WSJ Liberty Mutual's New Commitment With Affirm Runs Through 2027, Sources Say -- WSJ

MORNING RECAP 🔸 EVgo Inc ( $EVGO) launches secondary offering of 23 million Class A shares. 🔸 Mama's Creations ( $MAMA) Q3: EPS $0.01 (est. $0.04), adj. EBITDA $1.7M (est. $3.229M), revenue $31.5M (est. $30.05M). 🔸 McCormick ( $MKC) reportedly negotiating to acquire Sauer brands for $1 billion. 🔸 RCI Hospitality ( $RICK) Q4: adj. EPS $1.63 (est. $0.37), adj. EBITDA $17.9M (est. $13.92M), revenue $73.2M (est. $72.98M); forecasts FY29 revenue at $400M, FCF at $75M with 7.5M shares. 🔸 Tesla ( $TSLA) upgraded to Overweight by Mizuho, target price raised to $515. 🔸 Online sports betting: New Jersey's November handle exceeds $1.2B, with $119M in revenue, up 24.1% from last year. 🔸 Compass Minerals ( $CMP) Q4: adj. EPS loss (-$0.77) vs. est. (-$0.44), revenue $208.8M vs. est. $213.5M; adj. EBITDA $15.6M. 🔸 Expects 2025 salt sales volumes up 9% and 2024 Plant Nutrition volumes up 25% to 273K tons. 🔸 Kosmos Energy ( $KOS) abandons acquisition talks with Tullow Oil. 🔸 Joby Aviation ( $JOBY) completes major FAA certification tests for aerostructures. 🔸 Nucor Corp. ( $NUE) lowers Q4 EPS guidance to $0.55-$0.65, below consensus of $0.87. 🔸 Owens Corning ( $OC) upgraded to Overweight by Wells Fargo. 🔸 Biden administration offers PG&E ( $PCG) a $15B loan for climate and grid improvement projects. 🔸 Affirm Holdings ( $AFRM) issues $750M in Convertible Senior Notes due 2029, plans to repurchase up to $300M in Class A stock. 🔸 Marqeta ( $MQ) downgraded to Equal Weight by Barclays. 🔸 Jazz Pharmaceuticals ( $JAZZ) CEO Bruce Cozadd to retire by end of 2025. 🔸 Rockwell Medical ( $RMTI) secures multi-year deal with top dialysis provider, anticipating $10M+ in 2025 sales, with annual price increases and a term up to five years. 🔸 eBay Inc ( $EBAY) board approved an additional $3B for stock repurchases on Dec 12. 🔸 Mitek Systems ( $MITK) Q4: adj. EPS $0.33 (est. $0.17), adj. EBITDA $15.4M (est. $8.314M), revenue $43.222M (est. $41.31M); FY25 guidance: revenue $170-180M (est. $179.52M), adj. EBITDA margin 24-28%.

$AFRM $AAPL - AFFIRM SLIPS AS APPLE OFFERS KLARNA'S FLEXIBLE PAYMENT OPTIONS ON APPLE PAY Apple says starting on Thursday, eligible users in the U.S. and U.K. will also have the option to access Affirm's rival Klarna's flexible payment options right at checkout online and in-app with Apple Pay

#Upgrades - Oct 11, 2024 $AFRM: Wells Fargo Upgrades to Overweight from Equal Weight - PT $52 (from $40) $KMI: BofA Securities Upgrades to Buy from Neutral - PT $27 (from $23) $RACE: JPMorgan Upgrades to Overweight from Neutral - PT $525 (from $385)

#Upgrades - Oct 09, 2024 $AFRM: Morgan Stanley Upgrades to Equalweight from Underweight - PT $37 (from $20) $HD: Loop Capital Upgrades to Buy from Hold - PT $460 $HON: CFRA Upgrades to Buy from Hold - PT $235 $INTR: JPMorgan Upgrades to Overweight from Neutral - PT $8.50 (from $7.50). $LOW: Loop Capital Upgrades to Buy from Hold - PT $30 $LPLA: Wells Fargo Upgrades to Overweight from Equal Weight - PT $285 (from $235) $LUV: Jefferies Upgrades to Hold from Underperform - PT $32 (from $24) $MSCI: Redburn-Atlantic Upgrades to Buy from Neutral - PT $680 $RJF: JMP Securities Upgrades to Market Outperform from Market Perform - PT $146 $SAIA: Wolfe Research Upgrades to Outperform from Peerperform $VLO: Wells Fargo Upgrades to Overweight from Equal Weight - PT $165 (from $172) $VNET: HSBC Upgrades to Buy from Hold - PT $5.20

#Upgrades - Oct 08, 2024 $AFRM: BTIG Upgrades to Buy from Neutral - PT $68 $CX: RBC Capital Upgrades to Sector Perform from Underperform - PT $6.50 (from $9) $HUM: Bernstein Upgrades to Outperform from Market Perform - PT $308 $SNCY: Wolfe Research Upgrades to Outperform from Peerperform - PT $14 $UFPI: Wedbush Upgrades to Outperform from Neutral - PT $155 (from $120) $UWMC: Barclays Upgrades to Equalweight from Underweight - PT $8 (from $6) $WAT: Jefferies Upgrades to Buy from Hold - PT $415 (from $355) $WFC: Wolfe Research Upgrades to Outperform from Peerperform - PT $65