Buy Now Pay Later, Dodgy Accounting and Burry's Big Short

Who’s going to win the Ashes? Find out on this week’s PlayingFTSE Show!

In a down week for the stock market, it’s Steve W who’s been making it happen for the show this week. He’s down slightly less than Steve D – is that what winning looks like?

Nvidia’s earnings this week looked pretty good – sales growth was strong and is expected to be strong in the next quarter. But the stock went the wrong way the following day. 

One reason is the Bitcoin fall, but Steve W thinks there’s more going on. Is the stock market getting suspicious of the firm’s growth with everything going on right now?

We haven’t talked about Klarna on the show, but Steve D’s about to change that. With US delinquencies going higher, this seems like a strange time to be thinking about that stock.

There’s more than this going on, though. There’s a full-blown bank beneath the surface and if things go wrong with buy-now-pay-later, someone else might be holding the bag…

WH Smith finally released the report from Deloitte into its accounting irregularities. And the stock was up as a result, despite the news that this year’s profits are going to be lower. 

Steve W owns this one and is well down on it. But with some profits moved into the past and some lost, is it worth buying after the latest news?

Only on this week’s PlayingFTSE Podcast!

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► Timestamps:

0:00 INTRO & OUR WEEKS

7:02 NVIDIA

26:19 KLARNA

46:43 WH SMITH

► Show Notes:

What’s been going on in the financial world and why should anyone care? Find out as we dive into the latest news and try to figure out what any of it means. We talk about stocks, markets, politics, and loads of other things in a way that’s accessible, light-hearted and (we hope) entertaining. For the people who know nothing, by the people who know even less. Enjoy

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This information is for entertainment purposes only and does not constitute financial advice. Always consult with a qualified financial professional before making any investment decisions.