🏦 Is Biden Stepping on SOFI Stock’s Neck??

Stocks to buy

Welcome, folks, to our weekly Hypergrowth Investing podcast, where — to kick off this week’s episode — we check in with one of my favorites: SoFi (SOFI) stock.

With U.S. President Biden considering cancelling some amount of student loan debt, Aaron asks if I’ve changed the bullish tune I’ve been singing on SoFi. So, yes, this has created sentimental overhang on SoFi’s business, but you know what I think? It’s time to rip off the Band-Aid already, Biden!

At the end of the day, this student loan debt “sideshow” is really just a drop in the ocean for SOFI. That is, it won’t have a material impact on SoFi’s business. And guess who knows that? SoFi’s CEO. Over the past month, he’s accumulated $1.1 million of the stock – and year-to-date, he’s gobbled up $2.3 million.

I repeat: This student loan cancellation is a sideshow for SOFI stock. Don’t sweat the dip and, instead, join in on the massive insider buying.

But news from the White House hasn’t been all sour for our favorite stocks recently. It’s announced that despite the ongoing investigation into Chinese manufacturers’ potential solar tariff circumvention, there will be no new solar tariffs for at least the next two years.

This has kicked off a solar “gold rush,” where the next 24 months will see the most robust growth for the U.S. solar industry. The solar projects that were previously waiting in the wings will rush online. And those that were even considering this undertaking will accelerate their window to make it happen within this tariff-free time frame.

Bottom line: Solar stocks are a great play here – but energy storage stocks are even better.

Speaking of alternative energy, Aaron and I switch gears a bit to revisit EVs. GM recently announced its brand-new all-electric Hummer, and I’ve been convinced that legacy automakers can compete in the EV race. But I still don’t think it’s a reason to buy their stocks. For every EV they sell, there’s a gas-powered car that they won’t – which means they’ll be cannibalizing their own sales. Trade below their historically low averages.

And despite the lack of pizzazz surrounding the recent developer conference, I believe the Apple Car will happen. Apple is known for its tight lips and not releasing major news until a product is ready for market – and ready to change the world. I think that by 2026, there will be a lot of buzz about it.

Click here to watch and listen now!

P.S. In the crypto markets, we’re observing is a re-run of the dot-com boom and bust from 20 years ago. Fortunately, it appears we are in the final innings of this re-run.

Make no mistake. We are going to see similar investment opportunities like that of buying Amazon stock in 2001 emerge in the crypto space soon.

But we have to be selective – and in order to be confidently selective, we need a quantitative tool to help us grade cryptos.

We’ve developed such a tool. In fact, to my knowledge, we’re the only public research firm in existence to have developed such a tool.

And, next Tuesday night at 7 p.m. Eastern, we will unveil that tool to the public for the first time ever.

To reserve your seat to that special event – and gain access to our free report, “10 Widely Held Cryptos Knocking on Death’s Door” – click here

On the date of publication, Luke Lango did not have (either directly or indirectly) any positions in the securities mentioned in this article.

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