Up 64% This Year, SoFi Stock Is Still the Buy of a Lifetime

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 - Intro
03:07 - SoFi, So Fly
11:47 - Fed Outlook
23:15 - How to Play AI
29:29 - AI + Self-Driving
35:55 - Clean Energy
44:56 - EV Stocks in 2023
48:55 - Housing Boom
50:45 - Emerging Markets
51:47 - The Case for Platinum

🎧Listen to the Podcast🎧

#stockstobuy #sofi #AI

[MaryRAllen-ntoz]

I used to think every investor lose out during inflation, meanwhile, some make millions. I also thought everybody went out of business during the Great Depression, but some went into business. The bottom line, there's always depression for some and profit for others, it all starts with having the right mindset. That said, I've set asides $250k to invest for the future, unfortunately, I'm a complete noob.

[jw]

Got in under $5 with over 20k shares, I’m in for the long haul, but recent activity is showing my friends who doubted it I’m not crazy

[shahabsandhu]

SoFi is not just a moving ticker symbol. Their CTO and engineering team is top-notch and their roadmap is consistently over-achieving and without doubt they are on a tragectory to distrupting Trillion dollar industry. Legacy banking will not be able to keep pace with the throughput and efficiency ( T*E=Scale) SoFi brings to the table. Once SoFi goes global and commercial customers begin adopting SoFi's end-to-end fintech platform, sky is the limit.

[bladeseptim]

I'm glad that I was averaging down on my SoFi position during 2022. Their leadership team executes each quarter. The company is still young and when it was at 1 P/B ratio it was a great deal. I'm still bullish on the company but will hedge some of my position by selling some covered calls above my average while the market is hot.

[exploreconnection]

It's going to drop back down until profitability and student loan forgiveness talk is done. Love it long term (2-3 yrs) to hit $15-20.

[joecaruso]

Urrh, I get all you said and totally what I needed to watch but would you consider a long right now worth it? Or wait till full dip? How safe is getting in now considering operation de-dollarization & taxes too

[sterlingcampbell]

I hate averaging up, but I am FOMOing hard

[brucesabatino]

Wow, Luke, I am so impressed with your knowledge and skills in reading market trends, megatrends, and fundamentals of companies, etc. I am a brand new subscriber and read all of your daily updates. This was my first hypergrowth Investing podcast, and I am so impressed. Have already taken some of your advice and have made some gains (not sales, holding on and following the holdings). Thank you for great content and great value in the subscription. After I close some winning positions, I will invest in your other services. THANKS Luke!!! Bruce, Monroe, GA

[erikjohnson]

SoFi is the potential buy of a life time. I am an avid value investor by trade but I can not pass up this opportunity. That being said we as investors need to continue to put pressure on leadership to reduce dilution. That paired with student loan moratorium are the two boat anchors right now. SoFi can't do anything about the moratorium but they can reduce SBC, and they NEED to...

[EricBishard]

LFG, got 10k on this one, with my first shares bought when they were IPOE, long time investor long time buyer, my average is $8.80

[jonglim]

Doubled at 4.50
200 G share.
Proven I'm not stupid.

[pranaliu]

I thought in the previous videos, it was suggested that there was nothing going on that could kill SoFi because student loans was not a big part of their business. But I agree with almost everything else you said about SoFi

[SpahievDenis]

Thank you guys.. Great Job!! As always, I'm looking forward to your next podcast!! =)

[powermovestrading]

All the growth stocks will pop at the same time. If people think they’ll be able to go green on one cash out and move to the other, they’ll be sadly mistaken.

[PerryThePlatypus]

Hey Luke and Aaron, can you she some light on the company ASML? Not necessarily a hypergrowth stock, but could be a good split candidate/excellent long term hold.... worth talking about the "picks and shovels" company of the semiconductor revolution.

[CA-bmzr]

Why only $20 for Sofi in 3 yrs? I’m imagining $200 if they do well.

[merchantbancard]

Luke, What Happened to Fluence today? It was raising every day and all a sudden it took a dive.

[nelliemillan]

Great info specially sofi, I love it .

[igora.]

Luke if today CHN and RUS make better green energy sources and sell them on market better then US would you go back on coal, oil and gas?

[ms]

Great content as always. Thank you both