The Latest Breaking News from SoFi Technologies Inc

Financial service company SOFi’s (SOFI) shares have slumped over the past month and are trading below their 50-day and 200-day moving averages. While fundamental weakness is the key reason for the decline, let’s find out if this is the right time to invest in the stock.

Despite the Fed’s best efforts, inflation remains above the comfort zone. Minutes from the Fed’s meeting show that officials are keen on raising interest rates. This could keep the stock market under pressure this year. Therefore, it could be wise for investors to steer clear of Shopify (SHOP), Snap (SNAP),…

Shares of SoFi Technologies (SOFI) have gained more than 35% over the past three months based on positive guidance for fiscal 2023. However, uncertainty still looms over its student loan refinancing business, and the stock is expected to encounter more competition from its peers. Given its stretched valuation, it could…

The higher-than-expected CPI and strong jobs data raised the prospect of aggressive interest rate hikes in the upcoming months. This should benefit financial companies as a rising rate environment allows them to generate higher interest income. Given this backdrop, while struggling financial stock SoFi Technologies (SOFI) is best avoided, it…

Although the financial industry largely benefitted from a rising interest rate environment last year, the potential slowdown in rate hikes this year might pressure the financial companies’ profit margins. Therefore, it could be wise to avoid fundamentally weak financial stocks SoFi Technologies (SOFI) and Upstart Holdings (UPST) before they tumble…

Financial services company SoFi Technologies (SOFI) recorded impressive growth across its business segments. However, the company’s losses widened, and analysts seem bearish about its earnings growth prospects due to its bleak fundamentals and the potential recessionary pressures. Thus, is it wise to buy this under $5 fintech stock? Read more…

Digital financial service provider SoFi Technologies (SOFI) reported better-than-expected third-quarter results. However, the company is struggling with business-related headwinds. The stock has been slumping in price this year and is unlikely to rebound anytime soon. Keep reading.

Amid major macroeconomic headwinds, consumer confidence declined to its lowest since July. In addition, the bear market rally is likely to continue into next year. Hence, fundamentally weak stocks SoFi Technologies (SOFI), Ginkgo Bioworks (DNA), Opendoor Technologies (OPEN), and Camber Energy (CEI), which have been slumping in price, might be…

Despite the expected slowdown of interest rate hikes, investors are concerned about a recession next year. This could mean more pain for stocks that have already fallen significantly this year. Amid this backdrop, investors should avoid fundamentally weak stocks Advanced Micro Devices (AMD), DraftKings (DKNG), SoFi Technologies (SOFI), ContextLogic (WISH),…

The broader macroeconomic headwinds have dampened the growth of the financial services industry this year. While fundamentally weak financial services stocks SoFi Technologies (SOFI) and Exela Technologies (XELA) are expected to remain under pressure, continued technological advancements should help Forrester Research (FORR) stay resilient. Keep reading….

SoFi Technologies’ (SOFI) lending business is struggling amid the persistently high inflation and the Fed’s consecutive rate hikes. The stock has lost more than 60% in 2022. With the central bank far from ending its rate hike campaign, will it be worth owning SOFI? Keep reading….