Traded Value$SoFi Tech(SOFI.US)SoFi Technologies is trading around US$18.25, remaining under pressure after a recent rally as investors lock in profits ahead of its Q2 earnings on July 29. Despite the short-term weakness, the broader uptrend remains intact as softer CPI/PPI data eases concerns over aggressive Fed tightening.
The upcoming earnings report will be the next major catalyst, with investors watching member growth, deposit growth, loan originations, financial services revenue and management’s full-year guidance. The launch of SoFi’s new Social 50 Income ETF also strengthens its long-term fintech ecosystem, although its near-term financial impact is expected to be modest.
📈 Cautiously Bullish – Near term volatility is likely before earnings, but improving inflation data and continued business growth support a positive medium-term outlook
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