Jim Cramer Says Investors Should ‘Wait' On SoFi Technologies Inc (NASDAQ:SOFI) [Yahoo! Finance]
SoFi Technologies, Inc. (SOFI)
Company Research
Source: Yahoo! Finance
Jim Cramer in a latest program discussed the changing consumer trends in the US, wondering whether the consumer is just “fed up” of paying high prices and becoming “frugal.” Cramer said this “frugal thesis” is not “obvious” but he has recognized this latest trend based on some new developments. Cramer named a few consumer companies that are benefitting from the changing consumer behavior because of their discounted price offerings. Cramer rejected the notion that dollar stores are cheap. He said these stores raise prices “aggressively” and calling them dollar stores has become a “misnomer.” The CNBC host said the consumers “want prices lower” and that's why dollar store companies are getting crushed in the new environment. Jim Cramer also said the “renting society” is winning the “owning society,” pointing to a new trend where consumers are renting boats instead of buying them to enjoy the experience without spending a fortune. For this article we watched several latest programs
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SOFI
News
- SoFi Technologies, Inc. (NASDAQ: SOFI) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $10.00 price target on the stock.MarketBeat
- SoFi Schedules Conference Call to Discuss Q2 2024 ResultsBusiness Wire
- Is Now the Time to Buy SoFi Technologies? [Yahoo! Finance]Yahoo! Finance
- Halfway Through 2024: Why I'm Not Panicking About the 2 Worst-Performing Growth Stocks in My Retirement Account [Yahoo! Finance]Yahoo! Finance
- SoFi Stock: Buy, Sell, or Hold? [Yahoo! Finance]Yahoo! Finance
SOFI
Earnings
- 4/29/24 - Beat
SOFI
Sec Filings
- 7/3/24 - Form 8-K
- 6/21/24 - Form 4
- 6/20/24 - Form 144
- SOFI's page on the SEC website