Jim Cramer Doesn't Like SoFi Stock. This Is Your Buy Signal.

Core Viewpoint - SoFi Technologies is positioned as a strong fintech investment for the second half of 2024, despite mixed opinions from commentators like Jim Cramer [1][5][10]. Financial Performance - SoFi Technologies reported a significant turnaround from a net loss of $34.422 million in the previous year to a net income of $88.043 million in Q1 2024 [5]. - The company's GAAP net revenue grew by 37% year over year, reaching $644.995 million, while non-GAAP adjusted EBITDA surged by 91% to $144.385 million [10]. Insider Activity - CEO Anthony Noto has shown confidence in the company's prospects by purchasing shares, acquiring 28,860 shares on May 24 and another 30,715 shares on June 14 [9]. - Insider buying during a dip in stock price is viewed as a positive indicator for potential investors [7]. Market Sentiment - Jim Cramer expressed a cautious stance on SoFi Technologies, labeling the last quarter's performance as "not great," which contrasts with the positive financial data presented [8][11]. - The article suggests that investors should focus on the actual performance metrics rather than solely on external commentary [12].