Hold On! SOFI Stock Could Break DOWN Before It Breaks OUT

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Hold On! SOFI Stock Could Break DOWN Before It Breaks OUT

InvestorPlace2023-12-15

SoFi Technologies (SOFI) could miss out on opportunities with cryptocurrency’s comeback.The White House isn’t finished pushing for student loan debt forgiveness.Investors can hold SOFI stock but ...

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alien2025
·2023-12-17
Funny article... so crypto facilitation determines the fate of SOFI? Thats all... nothing more? Come on do more research before you preech.
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lalala12334
·2023-12-15
Stupid article which writer tries to downplay his/ her own bigoted opinion. "I like the stock but you shouldn't buy it" argument is not at all convincing.
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SOFI Stock Could Break DOWN Before It Breaks OUT\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-12-15 16:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2023/12/hold-on-sofi-stock-could-break-down-before-it-breaks-out/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SoFi Technologies (SOFI) could miss out on opportunities with cryptocurrency’s comeback.The White House isn’t finished pushing for student loan debt forgiveness.Investors can hold SOFI stock but ...</p>\n\n<a href=\"https://investorplace.com/2023/12/hold-on-sofi-stock-could-break-down-before-it-breaks-out/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2505996509.AUD","symbol_name":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (AUDHDG) INC","start_time":0,"source_url":"https://investorplace.com/2023/12/hold-on-sofi-stock-could-break-down-before-it-breaks-out/","article_id":"2391763805","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2391763805","pubTimestamp":1702629056,"sourceInfo":{"source_id":"investorplace_stock_picks","name":"InvestorPlace stock picks"},"weMediaInfo":null,"summary":"Blockchain bulls can still hold SOFI stock, but they probably won't be happy about SoFi Technologies stepping away from the crypto-sphere.","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2505996509.AUD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (AUDHDG) INC","BK4588":"碎股","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","BK4166":"消费信贷","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","BK4084":"特种房地产投资信托","BK4234":"特殊用途房地产信托","BK4551":"寇图资本持仓","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","BK4581":"高盛持仓","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","BK4504":"桥水持仓","BK4135":"资产管理与托管银行","BK4549":"软银资本持仓","LU2430703095.HKD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (HKD) INC","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","LU2430703178.SGD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (SGDHDG) INC","LU1670628061.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) INC","LU2430703251.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (USD) INC","BK4023":"应用软件","LU2592432038.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"A\" (USD) ACC","BK4567":"ESG概念","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","LU1670627923.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) ACC","SOFI":"SoFi Technologies Inc.","BK4533":"AQR资本管理(全球第二大对冲基金)","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","BK4535":"淡马锡持仓","LU2505996681.GBP":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (GBPHDG) INC"},"translate_title":"坚持住！SOFI股票可能会在爆发前崩溃","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SOFI":1},"content_text":"SoFi Technologies (SOFI) could miss out on opportunities with cryptocurrency’s comeback.The White House isn’t finished pushing for student loan debt forgiveness.Investors can hold SOFI stock but shouldn’t feel an urgent need to increase their share positions now.  Fintech firm SoFi Technologies (NASDAQ: SOFI) could represent the future of personal finance, but it’s taking forever for SOFI stock to have its big breakout moment. Ultimately, there’s nothing really wrong with investing in SoFi Technologies for the long term, but be prepared for a bumpy road in the coming months.In SoFi Technologies, the company has a banking charter and seeks to establish itself as a legitimate financial institution. That’s fine, but SoFi could miss an exciting opportunity in the world of decentralized digital assets. So, consider both the positives and the negatives if you’re considering a share stake in SoFi Technologies.SOFI Stock: Going Nowhere Since MarchMomentum-focused stock traders, be forewarned. SOFI stock has been range-bound since March of this year. The stock has effectively gone nowhere. That’s frustrating, and SoFi Technologies doesn’t offer a consolation prize in the form of dividend payments.This has occurred even though the major stock-market indexes are significantly higher since March. So, SoFi Technologies can’t use high interest rates or inflation as excuses for letting the shareholders down.Don’t get the wrong idea. I still like SOFI stock as a bet on the future of neo-banking. Just be patient and don’t be in a hurry to add any shares now, as SoFi Technologies will still have to deal with the White House’s push for student loan forgiveness.Remember, SoFi Technologies earns some of its revenue from helping its customers refinance their student loans. Hence, it’s a problem for the company when the Biden administration cancels people’s federal student loan debt.The White House isn’t finished with this battle, as the Department of Education recently disclosed that it’s canceling nearly $5 billion worth of student-loan debt for over 80,000 borrowers. Investors might expect SoFi Technologies to face ongoing challenges with this segment of its business model.Crypto Bulls: You Won’t Like What SoFi Technologies Just DidAs I alluded to earlier, SoFi Technologies is trying hard to present itself as a legitimate bank that people from all walks of like can trust. Should trust-building involve SoFi Technologies distancing itself from cryptocurrency, though?That’s the pertinent question as SoFi Technologies plans to terminate its cryptocurrency-trading services on Dec. 19. SoFi Technologies’ current crypto-trading clients can migrate to another firm, Blockchain.com. I suspect that some of them will simply stop trading cryptocurrency altogether.That’s a shame, as Bitcoin (BTC-USD) is really finding its footing in late 2023. Cryptocurrency and blockchain bulls will probably want to see SoFi Technologies leaning toward the pro-crypto movement, but it looks like the company is taking a big step back.Maybe, SoFi Technologies’ management is worried about the scandals involving FTX and Binance. Yet, it’s entirely possible for a legitimate, established financial firm to have crypto connections. A great example would be BlackRock (NYSE:BLK), which seeks to get a spot Bitcoin exchange traded fund (ETF) approved for public trading.Don’t Rush Into a Long Position With SOFI StockAll in all, I still appreciate SoFi Technologies’ forward-looking spirit and the company’s drive to innovate. However, some folks might not like SoFi’s apparent move away from the world of cryptocurrency.Therefore, if you’re a dyed-in-the-wool crypto bull, there’s no need to invest in SoFi Technologies right now. Besides, the White House’s efforts to forgive student-loan debt could persist for a while.In the final analysis, it’s fine to hold SOFI stock if you already own it. Just don’t assume that a share-price breakout will happen anytime soon. Don’t be in a huge hurry to add to your SoFi Technologies share stake right now. Be patient, as you may get in at a lower price soon.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":252979273183504,"gmtCreate":1702773342074,"gmtModify":1702773347119,"author":{"id":"4099605438853140","authorId":"4099605438853140","name":"alien2025","avatar":"https://static.tigerbbs.com/a12559d7b6d132b352abbe59a600a51b","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"4099605438853140","authorIdStr":"4099605438853140"},"htmlText":"Funny article... so crypto facilitation determines the fate of SOFI? Thats all... nothing more? Come on do more research before you preech.","listText":"Funny article... so crypto facilitation determines the fate of SOFI? Thats all... nothing more? Come on do more research before you preech.","text":"Funny article... so crypto facilitation determines the fate of SOFI? Thats all... nothing more? Come on do more research before you preech.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/252979273183504","repostId":2391763805,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":252394906423416,"gmtCreate":1702630547852,"gmtModify":1702633416007,"author":{"id":"3581401316419575","authorId":"3581401316419575","name":"lalala12334","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":4,"crmLevelSwitch":1,"idStr":"3581401316419575","authorIdStr":"3581401316419575"},"htmlText":"Stupid article which writer tries to downplay his/ her own bigoted opinion. \"I like the stock but you shouldn't buy it\" argument is not at all convincing.&nbsp;","listText":"Stupid article which writer tries to downplay his/ her own bigoted opinion. \"I like the stock but you shouldn't buy it\" argument is not at all convincing.&nbsp;","text":"Stupid article which writer tries to downplay his/ her own bigoted opinion. \"I like the stock but you shouldn't buy it\" argument is not at all convincing.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/252394906423416","repostId":2391763805,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":7,"commentSize":2,"repostSize":3,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}