SoFi Technologies$SoFi Technologies Inc.(SOFI)$ is behind the popular SoFi website and mobile app – which consolidates a full suite of financial and investment services via a single hub. In addition to stocks, ETFs, and robo-advisory services, SoFi also offers checking accounts, loans, student finance, and much more. Crucially, at current prices, SoFi Technologies is arguably one of the most undervalued stocks in the ever-growing FinTech, which, until recently, enjoyed rapid growth. A broader market sell-off of tech-related growth stocks has resulted in up-and-coming firms like SoFi Technologies, dropping in value by a considerable amount. In fact, in the prior 12 months alone, SoFi Technologies stock is down more than 50%. This means that the firm

Undoubtedly, you've heard quite a bit about FAANG stocks over the last few years.This acronym, which is a bit dated due to company name changes, stands for five companies: Meta$Meta Platforms, Inc.(FB)$ ,Amazon$Amazon.com(AMZN)$ ,Apple$Apple(AAPL)$ ,Netflix$Netflix(NFLX)$ , and Alphabet$Alphabet(GOOG)$ $Alphabet(GOOGL)$ . These companies have received a lot of attention because they've experienced fast revenue and profit growth, and their stock prices have risen by quite a bit over the previous decade. While these companies have historically don

Taiwan Semiconductor Manufacturing Company Limited$Taiwan Semiconductor Manufacturing(TSM)$ is the world’s largest contract chip manufacturer. The company manufactures chips for major technology firms and its manufacturing technologies are among the most advanced in the world. The company is currently scaling up the production of its 3nm manufacturing technology. It is based in Hsinchu, Taiwan.If you're not familiar with Taiwan Semi they're the manufacturer of a lot of the chips that we have been talking about here. Apple's chips are, I think, all made by Taiwan, by TSMC. They're really the leader in the space. They were the one that disrupted Intel's business model by going with this fabless model.Apple can design chips, Nvidia

The fintech company's stock, which plunged by 85% after merging with a SPAC, has suddenly been revived, surging back almost to its original value. Why? Likely due to speculators, who specialize in intraday trading in stocks with low liquidityIt was hard to miss the abnormal behavior of Pagaya$Pagaya Technologies Ltd.(PGY)$ ’s stock on Wall Street over recent days. There were already plenty of questions hovering over Israeli high-tech’s newest representative on Nasdaq, which went public one month ago through a SPAC merger, from its unrealistic $8.5 billion valuation, to the unexpected decision by Barclays bank to stop serving as an underwriter for the SPAC just a week prior to the completion of the merger, while waiving all their commissions. Following

Some of the most beaten-down stocks saw the biggest gains this week. The magnitude of the rally coupled with its consistency has many traders wondering if the bottom is in for growth stocks. While I think we need more evidence that a lasting turnaround is afoot, I’m not opposed to bottom fishing in a few names if their price action is constructive enough. To that end, I scanned a wide variety of growth stocks to see which ones looked best. If this week’s rally failed to change the trajectory of the existing downtrend, then I passed on the stock. Only those that showed reversal characteristics made the cut. Bonus points were given to stocks that climbed through resistance and the 50-day moving average. I was particularly interested in the companies whose shares rallied after their late

PayPal$PayPal(PYPL)$ is a leading online payments and digital services platform. However, it — like many tech companies — has seen results tail off as e-commerce slows down following the shop-at-home era of 2020 and 2021, which has been bad news for PYPL stock. PayPal recently shocked the market with a worse than expectedearnings report, and guidance and PYPL stock went tumbling. Those losses came on top of what was already a terrible run for PayPal; shares are now down nearly 60% year-to-date. The earnings report saw a one-two punch. Revenue growth is now expected to slow significantly against prior forecasts. That’s not all that surprising given the broader slowdown we’ve seen in e-commerce this earnings season. Still, it’s not great news for PayPa