Rate Cuts Are Coming: 1 No-Brainer Cathie Wood Fintech Stock to Buy Hand Over Fist Right Now for Just $7 [Yahoo! Finance]
SoFi Technologies, Inc. (SOFI)
Company Research
Source: Yahoo! Finance
While the investment community listened to Powell's every word, the following remark seems to have resonated well: "The time has come for policy to adjust." I'm going to go out on a limb here and posit that the Fed is (finally!) going to begin reducing interest rates. Such a change to monetary policy would be welcomed by many types of businesses. In particular, I see fintech platform SoFi (NASDAQ: SOFI) as an obvious beneficiary of lower interest rates. An integral part of Cathie Wood's Ark Invest Management portfolio, SoFi stock has been decimated this year. After cratering 26% so far in 2024, SoFi shares currently trade for just $7. Let's dig into what's going on with SoFi's business and assess how the company is so exposed to interest rates. With changes to monetary policy looking likely, now could be a time to buy the dip in SoFi stock hand over fist. Taking a look at SoFi's entire business SoFi breaks its business down into three primary segments: lending, technology, a
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SOFI
News
- SoFi Technologies, Inc. (SOFI): A Bull Case Theory [Yahoo! Finance]Yahoo! Finance
- SoFi Technologies, Inc. (SOFI) Rises Higher Than Market: Key Facts [Yahoo! Finance]Yahoo! Finance
- SoFi Technologies: Poised To Thrive From The Fed's Pivot [Seeking Alpha]Seeking Alpha
- 3 No-Brainer Fintech Stocks to Buy Right Now for Less Than $200 [Yahoo! Finance]Yahoo! Finance
- SoFi Technologies, Inc. (SOFI) Stock Sinks As Market Gains: What You Should Know [Yahoo! Finance]Yahoo! Finance
SOFI
Earnings
- 7/30/24 - In-Line
SOFI
Sec Filings
- 9/18/24 - Form 4
- 9/18/24 - Form 4
- 9/18/24 - Form 4
- SOFI's page on the SEC website