Sofi stock has risen over 30% in the past week! Should you buy Sofi stock now? If you have any comments or questions with my SOFI stock analysis and chart analysis, drop me a comment down below!

Key Points:
- Sofi stock is seeing a lot of momentum the past few days, which is likely due to the overall market being up, as well as anticipation of a good earnings report. We see that Sofi also could be influenced, both positively and negatively, by rising interest rates. Because the Federal Reserve Chair Powell has given some clarity on interest rate hikes for the near term, investors should consider FOMC Chair Powell's words, as interest rates could have a material impact on Sofi.

- Sofi stock is seeing quite good fundamental growth, impressively growing revenues year over year. However, investors also need to keep in mind that Sofi is operating at a net loss, which is inherently risky as the company needs to prove profitability.

- Investing in Sofi stock is a bit risky at the moment. There is a lot of momentum in the company at the moment, and we saw poor price action the day after the earnings release. We could see large volatility in the next few days from the overall volatility of the markets. As always, you have to consider the upside and downside risks before investing in the stock.

Talk to Brandon on Discord:
  / discord  

Link (1) Sofi stock impacted by 10 year treasury bond rates (CNBC):
https://www.cnbc.com/quotes/US10Y

Link (2) Sofi stock impacted by interest rates (theBalance):
https://www.thebalance.com/why-do-ass...

Link (3) Sofi stock, as a growth stock, may be poorly impacted by Fed Chair Powell views on interest rates (CNBC):
https://www.cnbc.com/2022/03/02/fed-c...

Link (4) Sofi stock, as a financial stock, may be beneficially impacted by rising interest rates (Investopedia):
https://www.investopedia.com/ask/answ...

Link (5) Sofi stock most recent earnings report:
https://s27.q4cdn.com/749715820/files...

Link (6) Real time trading chart of SOFI stock: https://www.tradingview.com/chart/?sy...

Subscribe: http://bit.ly/thestockstudents_subscribe
Website: thestockstudents.com

Disclosure:
I have a small positions in SOFI at time of recording, less than 2% of my overall portfolio
thestockstudents.com/disclaimer

#Sofi #stocks #stockmarket