51 min listen
Is Biden Stepping on SOFI Stock's Neck??
ratings:
Length:
80 minutes
Released:
Jun 9, 2022
Format:
Podcast episode
Description
To kick off this week’s episode, we check in with one of my favorites – SoFi stock. U.S. President Biden is considering cancelling some amount of student loan debt, which has created sentimental overhang on SoFi’s business. You know what I think? It’s time to rip off the Band-Aid already, Biden!At the end of the day, this student loan debt “sideshow” is really just a drop in the ocean. That is, it won’t have a material impact on SoFi’s business. And guess who knows that? SoFi’s CEO. Over the past month, he’s accumulated $1.1 million of SOFI stock – and year-to-date, he’s gobbled up $2.3 million. I repeat: This student loan cancellation is a sideshow for SOFI stock. Don’t sweat the dip and, instead, join in on the massive insider buying.But news from the White House hasn’t been all bad recently. It’s announced that despite the ongoing investigation into Chinese manufacturers’ potential solar tariff circumvention, there will be no new solar tariffs for at least the next two years. This has kicked off a solar “gold rush,” where the next 24 months will see the most robust growth for the U.S. solar industry. The solar projects that were previously waiting in the wings will rush online. And those that were even considering this undertaking will accelerate their window to make it happen within this tariff-free time frame. Bottom line: Solar stocks are a great play here – but energy storage stocks are even better.Speaking of alternative energy, Aaron and I switch gears a bit to revisit EVs. GM recently announced its brand-new all-electric Hummer, and I’ve been convinced that legacy automakers can compete in the EV race. But I still don’t think it’s a reason to buy their stocks. For every EV they sell, there’s a gas-powered car that they won’t – which means they’ll be cannibalizing their own sales. Trade below their historically low averages. And despite the lack of pizzazz surrounding the recent developer conference, I believe the Apple Car will happen. Apple is known for its tight lips and not releasing major news until a product is ready for market – and ready to change the world. I think that by 2026, there will be a lot of buzz about it.?Join Luke's Free Newsletter: https://signup.investorplace.com/?cid=MKT502688&eid=MKT612161?Visit Our Website: https://investorplace.com/hypergrowthinvesting/? Subscribe: https://www.youtube.com/c/HypergrowthInvesting?sub_confirmation=1#SOFI #sofistock #sofistockprediction #hummer #evs #applecar #investing #stocks #stockstobuy #stockstowatch
Released:
Jun 9, 2022
Format:
Podcast episode
Titles in the series (65)
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