halbergman
Summary
- SoFi Technologies, Inc. stock has significantly outperformed the S&P 500 and its financial sector peers, proving its doubters wrong.
- SoFi’s diversification into fee-based revenue streams is expected to be a key growth driver moving ahead.
- Its ability to attract earnings upgrades has demonstrated management’s prowess.
- However, SOFI’s valuation seems stretched, although I didn’t assess bearish signals on its price action.
- I argue why I’ve turned increasingly bullish on SOFI, although patience is needed for a potentially more attractive entry point.
- Looking for a helping hand in the market? Members of Ultimate Growth Investing get exclusive ideas and guidance to navigate any climate. Learn More »
SoFi: Silenced The Naysayers
SoFi Technologies, Inc. (NASDAQ:SOFI) investors have ridden an incredible surge in its stock as the leading digital finance company significantly outperformed the S&P 500 (SPX, SPY). The stock has also beaten.
A Unique Price Action-based Growth Investing Service
- We believe price action is a leading indicator.
- We called the TSLA top in late 2021.
- We then picked TSLA’s bottom in December 2022.
- We updated members that the NASDAQ had long-term bearish price action signals in November 2021.
- We told members that the S&P 500 likely bottomed in October 2022.
- Members navigated the turning points of the market confidently in our service.
- Members tuned out the noise in the financial media and focused on what really matters: Price Action.
READ FULL ARTICLE HERE!
