The S&P 500 has fallen by about 15% this year, leading many SoFi (NASDAQ:SOFI) users to wonder if the platform allows tax-loss harvesting (TLH). TLH is a strategy many investors use to offset their annual capital gains or taxable income. The strategy only works with taxable investment accounts, so any losses sustained in accounts like…

2022 was a disaster. Over these last 11 months, inflation hit a 40-year high. There were fears of recession. Nearly 63% of U.S. consumers were living paycheck to paycheck. Markets were crushed. Home sales began to fall at the fastest rate in decades. Consumer spending fell. Russia invaded Ukraine. China saw rare unrest over COVID…

Source: shutterstock.com/ZinetroN Many sectors have been damaged in the train wreck of this year’s stock market. But few have been as hard hit as the stocks of financial technology (fintech) companies. These are companies using new technologies to compete with traditional banks and other financial institutions. Think payment apps, online lenders and digital exchanges. Most…

It’s been a harsh year for neo-banking firm SoFi Technologies (NASDAQ:SOFI), to say the least. Macroeconomic conditions have made it all but impossible for SOFI stock to hold its ground in 2022. Yet, the company has demonstrated progress in key areas. The most sensible course of action now is to wait until the share price…

Source: Feylite / Shutterstock Each week brings contradictory news regarding the state of the economy. One week we read about heads of major companies being sure that a recession is coming in 2023. During the next week, stocks jump on better-than-anticipated CPI numbers. A few days later, the markets give back those gains, and investors…

Source: shutterstock.com/rafapress The deadline for institutional investors to file their quarterly 13F forms has passed, giving investors a glimpse into stock ownership, specifically for SoFi (NASDAQ:SOFI) stock. The company is coming up on several key catalysts, such as the expiration of the federal student loan moratorium on Dec. 31. Payments are expected to resume the…

Undervalued fintech stocks are an increasingly important part of today’s financial landscape. In today’s rapidly evolving economy, financial technology, or fintech, plays a crucial role in helping businesses and individuals manage their finances. Despite the countless benefits that fintech stocks offer businesses and investors alike, they often tend to be undervalued. With cutting-edge technology at…

Source: 3rdtimeluckystudio / Shutterstock The stock market is languishing near its 52-week lows, and it’s an ideal time to look for growth stocks to buy at a discount. Following recent inflation numbers and another 75 basis-point hike in interest rates from the Fed, things aren’t looking pretty for the stock market. However, investors can make the most…

Up until two weeks ago, SoFi Technologies (NASDAQ:SOFI) stock was on a tear. Source: rafapress / Shutterstock.com After getting knocked back below $15 per share following its successful SPAC rollout, SOFI stock went on a strong run between late August and early November, delivering of strong quarterly results. The fintech company was also boosted by reduced…

InvestorPlace’s Joel Baglole recently discussed venture capitalist Chamath Palihapitiya’s sale of 15% of his holdings in SoFi Technologies (NASDAQ:SOFI) stock. Source: rafapress / Shutterstock.com The news, which put pressure on SOFI stock, should matter little to anyone else investing in SoFi.  Here’s why.  SOFI Stock Is One of Many Investments Anyone who follows special purpose…

SoFi Technologies (NASDAQ:SOFI) is a fintech company seeking to disrupt the traditional banking market. SOFI stock officially launched earlier this year after it completed a merger with one of Chamath Palihapitiya’s special purpose acquisition companies (SPACs). Source: rafapress / Shutterstock.com Out of the gate, SoFi generated a lot of excitement. Unlike some of its fintech…

The Covid-19 pandemic has accelerated the broader adoption of financial technology (fintech) solutions around the world. Combining financial services with information technology, fintech stocks promise to transform the financial industry by providing innovative solutions. Digital payment and lending players and card networks have directly benefited from the shift to digitalization as well as the growing…

Clover Health Investments (NASDAQ:CLOV) stock is getting a boost on Friday thanks to a couple of Tweets from Chamath Palihapitiya. Source: Shutterstock Palihapitiya is the CEO of Social Capital, chairman of Virgin Galactic (NYSE:SPCE), and owns the Golden State Warriors. To go along with that, he currently has more than 1.5 million followers on Twitter…

A hot consumer tech stock, SoFi Technologies (NASDAQ:SOFI) stock is making impressive moves in the industry. Source: rafapress / Shutterstock.com The company has an early-mover advantage and is here to take fintech to a whole new level. It helps people achieve financial independence while managing their money with ease. SoFi is one of the unique players…

After languishing below $20 per share since late June, SoFi Technologies (NASDAQ:SOFI) is coming back, including today’s post-earnings pop that took shares to just below $23. With SOFI stock up more than 40% in just over a month, it appears my take from Oct. 6 (that shares were a buy as they traded sideways) was the right…

Babylon Holdings (NYSE:BBLN) stock is on the rise Thursday after the company completed a special purpose acquisition company (SPAC) merger last week. Source: Agenturfotografin/ShutterStock.com With Babylon Holdings completing that merger about a week ago, some investors might be wondering why it’s heading higher today. It all has to do with the company’s upcoming earnings report.…

Copyright © 2021 InvestorPlace Media, LLC. All rights reserved. 1125 N. Charles St, Baltimore, MD 21201. Home / Today’s Market / Hot Meme Stocks: 14 Reasons Why Fintech Play SOFI Is Surging Today SOFI results for Q3 were a boon to the stock By William White, InvestorPlace Writer Nov 11, 2021, 10:33 am EST November…

We have been talking about the tiredness in the market all week, and now we’re finally seeing some of the froth coming out of it. With that in mind, let’s look at a few top stock trades as the market takes a breather. Top Stock Trades for Tomorrow No. 1: Nio (NIO) Nio (NYSE:NIO) stock…