From a technical perspective, SoFi Technologies, Inc. (SOFI) is looking like an interesting pick, as it just reached a key level of support. SOFI's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world. There's a reason traders love a golden cross -- it's a technical chart pattern that can indicate a bullish breakout is on the horizon. This kind of crossover is formed when a stock's short-term moving average breaks above a longe ...

The market can stay irrational longer than you can stay solvent. In today's video, I will be talking about the recent updates regarding SoFi Technologies (SOFI -1.43%). Check out the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were from the trading day of Oct. 4, 2024. The video was published on Oct. 7, 2024. ...

Not all of her investment picks are expensive. Cathie Wood of Ark Invest has garnered a large following thanks to her conviction in emerging markets, such as biotechnology and artificial intelligence (AI). But she also holds some investments in companies in less-cutting edge industries. So let's explore fintech company SoFi Technologies (SOFI 0.51%), which I think this is a rare example of a stock in Ark's portfolio where the share price and the underlying fundamentals are disconnected. With shares of SoFi ...

Lower interest rates should boost growth. If you would have asked me where SoFi Technologies (SOFI 0.51%) stock would be now at this time last year, I don't think I could have predicted that it would be roughly flat. It was up 73% year to date at this time last year and gaining momentum. I made some predictions about SoFi last June which were on the mark: more accounts, positive net income, and increased student loans. I also anticipated better performance if interest rates went down, which is fairly obviou ...

The Fed's interest rate cuts should only fuel the fire for this hypergrowth fintech. The Federal Reserve recently announced a 50-basis-point reduction to the U.S. economy's benchmark interest rate to kick off what should be an easing cycle in which interest rates throughout the economy decline. The Fed had ratcheted up rates in 2022 to combat rampant inflation. Rate changes affect consumers, businesses, and almost every other part of the economy. Companies that borrow or lend money are especially sensitive, ...

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Social Finance Inc., or SoFi Technologies, Inc. (NASDAQ: SOFI ), is a one-stop-shop financial platform that primarily engages in banking, lending, debt consolidation (including student loans), and operating a brokerage. It also operates Galileo Financial Technologies, a fintech company operating primarily in the B2B space, while Financial advisor and social science educator from Southern California.I have an obsession with alternatives, income-producing assets, and technology firms. My work will mostly cove ...

SoFi is no longer just a lender. The stock of SoFi Technologies (SOFI 2.45%) has been crushed this year after doubling last year. It's down 20% year to date despite what seems like pretty solid performance. However, the tide might turn, and soon. Let's see why SoFi stock could soar over the next five years. Expanded business, lower interest rates SoFi's main business is lending, but it has expanded into a large array of financial services like bank accounts and investments. Offering other services provides ...

SoFi Technologies, Inc. (NASDAQ: SOFI ) has had several remarkable years since going public, yet the stock has traded flat to down the whole period. Investors tend to place too much emphasis on how a stock trades over the Mark leads the investing group Out Fox The Street where he shares stock picks and deep research to help readers uncover potential multibaggers while managing portfolio risk via diversification. Features include various model portfolios, stock picks with identifiable catalysts, daily update ...

In the latest trading session, SoFi Technologies, Inc. (SOFI) closed at $7.73, marking a -1.28% move from the previous day. This change lagged the S&P 500's daily loss of 0.19%. On the other hand, the Dow registered a loss of 0.7%, and the technology-centric Nasdaq increased by 0.04%. Heading into today, shares of the company had gained 0.77% over the past month, lagging the Finance sector's gain of 1.52% and the S&P 500's gain of 1.95% in that time. The investment community will be closely monitoring the p ...