This Cathie Wood Fintech Stock Just Hit a New 52-Week High — but I’m Not Selling a Single Share
Cathie Wood’s Arek Invest offers several popular exchange products (ETFs), and they tend to be quite centered, everyone keeps three dozen or fewer shares. And one stock that wood seems to have a great faith SOFI TECHNOLOGIES (NASDAQ: SOFI)A number of bank innovator is the sixth largest hold Ark Fintech Innovation ETF: (Nysemkt: Arkf)drawing up 5% of the total assets of the fund.
The flag will also find about $ 95 million worth of SOFI stock Ark Innovation ETF (Fresh sampled: Newspaper)and should also be noted that the SOFI program is an exclusive distribution partner ARTOR VENULA Foundation (NASDAQMUTFUND. ARKVX)which allows investors to have an impact on such companies Spacecraft aeration of Open before their original public proposal.
To say that the performance of Sofi was recently strong. In the past six months, the shares have increased by more than 140% and just hit a new 52 week height. But that’s why I don’t plan to cash soon.
One recently, one of the most encouraging developments is to increase demand for Sophie’s personal loans. It started with a $ 350 million investment from Pgim’s fixed income in mid-2024, but it was simply announced that PGIM closed another $ 525 million in personal loan securities. Pgim, which manages about $ 860 billion in assets, “Sophie” personal loans are called “attractive investment opportunity”.
This is a big deal, as Sofi does not necessarily keep billions of dollars in its balance sheet (about $ 17 billion at the end of the third quarter). The notice and securities loans are much more attractive businesses, and Sophie is also rapidly expanding its capabilities as a third-party loan platform.
In addition, Sofi can be a basic beneficiary, as interest rates are reduced, as well as from the political tail. Although the pace of cutting federal reserve interest rates will probably be slow than at first expected to be low-class. The most likely direction of interest rates to the next few years is still low. This can help SOFI with lower deposit costs and increase loans (both customers and assets).
In addition, the Trump’s administration is clearly favorable to the weakening regulations against banks, as well as in the lower corporate floors, and, of course, they can contribute to Sophie.
We will receive a fresh look at the latest results of SOFI when it reports its 2024 years earnings on Monday, January 27. alwaysA number
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