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Interest rate cut is all well and good but their books have to reflect it. Oct 29th earnings will tell the tale of the next move here. Their brand of fintech is in ways disruptive to the traditional banking elites, hence some of the cult following. Another one of the mostly for entertainment stocks. Got some skin in the game for what will probably be some hilarious overbought move up.
ОтветитьSoFi is a bank, but not just a bank. It is the fastest growing bank in the US in terms of assets held. A year ago SoFi was ranked as the 459th largest bank in the US, and now it is within the top 65. The longer term corporate ambition is to be among the top ten banks in the US.
It also has two other business segments. One of them is the financial services segment, and the other is a technology platform. The tech segment provides the platform that other financial companies need to use in order to function online. Companies like Robinhood and Chime are users of SoFi's tech platform.
Just a little extra fundamental information for you. SoFi's next earnings report will be coming up on the morning of October 29. I imagine the stock may continue grinding up and consolidate until then. If we see a stronger move to the upside, it will probably be on or after that date. The SOFI stock has almost always popped on earnings calls because they have never missed a beat since they have been a public company. The question is, can they hang on to any of those gains this time? In the past, most of those earnings calls have been a pump followed by a dump. It has been a heavily shorted stock for a couple years now, but the short sellers have been gradually returning shares lately.
Your 3d graphics are sick , in green too ? Its awesome
ОтветитьThis stock has risen from $4 to $10 and is expected to trade in the $10 to $15 range soon. There’s supposedly an important gap fill at $5.50, and it could potentially dip one more time before soaring. 🚀🤑
There's also an uptrend line since August 5th. Show your viewers that line too. I think volume is starting to pick up too!