47 min listen
Up 64% This Year, SoFi Stock Is Still the Buy of a Lifetime
Up 64% This Year, SoFi Stock Is Still the Buy of a Lifetime
ratings:
Length:
63 minutes
Released:
Feb 6, 2023
Format:
Podcast episode
Description
Welcome, folks, to another installment of our weekly Hypergrowth Investing podcast, where we discuss all things investing, such as artificial intelligence (AI), electric vehicles (EVs), and more. If you’ve been following my updates here or on our website, then it’s no secret that we’re super bulls when it comes to SoFi (SOFI). Indeed, last year, when the stock was languishing under $5, we called it the buy of a lifetime. Well, so far in 2023, even before we hit February, SoFi stock is already up 50%. And on Monday of this week, it saw an especially large pop after the firm reported excellent fourth-quarter earnings.Despite its rapid ascent this month, we still believe SoFi stock is the buy of a lifetime. In 2022, higher interest rates and a slowing economic backdrop were supposed to hinder lending activity and consumer spending and, ultimately, diminish SoFI’s revenue and user growth trajectory. But as we’ve seen from the company’s second-, third-, and now fourth-quarter earnings results, that could not be less true.Now investors are seeing SoFi’s flawless execution in spite of the tough macro environment, and they’re getting excited. If the company can perform this well under these conditions, imagine what it can do when the macro meaningfully improves. This ongoing success speaks volumes about the importance of a robust management team – especially in an industry as competitive as fintech. SoFi is outperforming in a space with tons of room to grow. And that’s why we think the stock will keep flying higher.?Timestamps?00:00 - Intro03:07 - SoFi, So Fly11:47 - Fed Outlook23:15 - How to Play AI29:29 - AI + Self-Driving35:55 - Clean Energy44:56 - EV Stocks in 202348:55 - Housing Boom50:45 - Emerging Markets51:47 - The Case for Platinum?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#stockstobuy #sofi #AI
Released:
Feb 6, 2023
Format:
Podcast episode
Titles in the series (65)
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