SoFi About To Go PARABOLIC!?🔥

All righty, guys. SoFi's up as the entire market's up. You guys know at this point AI stocks are rebounding. The Qs are going crazy and every index is in the green as pretty much, guys, every stock in my portfolio is up. It's one of those days. I love it. We've been long overdue. So, let's dive into it, break down SoFi, where my head's at, overall where the market's at, and what I'm looking to do right now. So, guys, hit that like button. Make sure to subscribe. Join my Patreon if you want to keep up with my actual portfolio updates, my trades, investments, my options moves, and most importantly, if you want to be a part of my private Discord community. It's all on Patreon, link down below, pinned in the comments, or go to stasurfest.com/patreon. And now, let's talk SoFi. And again, the entire market as everything is in the green. The S&P's up, let's see, about .8% Same with the Dow. The Russell's up 1.3 and the Qs are up almost 2%. 1.85 roughly, um, you know, percentage points as Bitcoin's up, gold's up, silver's up, and the VIX is down 9%. It's back at 17 points after the VIX hit, I think, 20 yesterday or it got pretty dang close. Or was that on Friday, rather? Um, or not, yeah, yesterday we hit 19. I think on Friday we almost hit 20. Um, 19.50. That was on, yeah, Friday. Either way, VIX is coming down. Everything is up. It's a risk-on rebound relief rally type day. And at this point, guys, a lot's going on. A lot's going on, which we're not going to talk too much about the indices. I want to focus on, again, SoFi. Um, maybe at the end of the video we'll break down the indices, but I want to go over SoFi as earnings are coming up here in about a week. I think a week from tomorrow. Yeah, a week from tomorrow, next Wednesday, we're getting their earnings. So, we also have to break down estimates quickly, what analysts are saying, all that stuff, which we did do a couple weeks ago, uh but I want to refresh you guys as we're getting close. It's almost that time. So, SoFi's up 2 and 1/2% on the day, pretty good day overall, outpacing every index as it should on a day like today, up around 43 cents, trading at $17.45. We can see right here a higher low is being put in on SoFi. If I get the handy-dandy channel tool out, you guys can see if I draw it out, this is holding. Very good news, right? If I zoom in even more, let me show you this here, guys. We're putting in a double bottom here, and now we're starting to recover, break out even, if you will. We're not fully breaking out, but we're arguably seeing that pattern, double bottom breakout, starting to set up. We got the double bottom, like I said, we hit 1650, 1675 here on Friday. We hit it again yesterday. We rebounded off of it, obviously, and now we're testing the mid-17s, which, mind you, we're not out of that level yet. We're not breaking through yet, but it's it's testing it. We're right there. I mean, if SoFi takes out 1750-60, that's going to be a clean-cut break, and that goes back to what I was saying, uh this channel could continue, right? We would be pushing at that point, we would be above um these moving averages, and we're going to be straight up breaking out heading into the print. And that's kind of what I think is what's going to happen here, guys. I don't know if we're going to touch 20 bucks necessarily all the way to the top of this channel. I'm not saying that, but could we break out into this range right here? Absolutely. Between 18 1850 19 before earnings, I think that that's actually likely to happen. Not guaranteed, nothing's guaranteed in the market, guys, but we've seen SoFi do this how many times? I mean, I've covered SoFi's earnings for like 2 3 years now. Not every time, obviously, but most times they run into earnings and the earnings come out, they're good, they're strong, and SoFi sells the earnings off. The stock sells off after earnings. That's what happened last time pretty much every time that I can remember before that as well. We've seen that set up. So, I think we're starting to see it again, double bottom, we're starting to move. If we're just able to get through these moving averages on the 4-hour chart, let's say we get above again 1775, $18. I think this could gain more momentum into next Wednesday, and we have plenty of days for that to happen. We have, you know, we have Wednesday, Thursday, Friday, right? Monday, Tuesday. So, we have five trading days for SoFi to make that what? $2 move if that. I think it's possible. I think it's very doable. I'm looking at it here as again, it happens every time. I mean, this thing last time they reported, it ran from 1480 all the way to 1950, kind of pulled back a little bit, but it held all the gains pretty much, and then it tanked after earnings. The time before that, you guys can see it actually was downtrending into earnings. It got even worse after earnings. And the time before that, let's see if I if I can find that real quick. Yeah, back here when it was trading in the 30s, guys. We saw a nice run. This was at the end of last year. We had a big run, right? Up to 32 bucks, right into the print. It kind of stayed there for a little bit after, a day, if that, 2 days, then it started falling and went all the way down to 25. So, yeah, pretty much the same thing happens most times here. We're going to get that run. I think we're due for it followed by a sell-off. Or, if we don't get the run, guys, to [clears throat] play devil's advocate, that wouldn't be good considering, again, the history here. That means we might sell off even more without a rally. You know what I mean? We'll see, time will tell. Overall, I'm long so >> [clears throat] >> I'm long SoFi. I'm not sure. I'm not a bear. I'm not um What the heck was that firm? Muddy Waters. I'm not Muddy Waters, but the reality is this is what happens, you know? It's the pattern that I've been noticing, that all of us have been noticing. So, let me show you guys quickly these estimates. Again, I know I ran through these couple videos ago, maybe like a week or two, I forget when, couple weeks ago, but we got to look at them again as it's important as earnings are right here, guys. So, as of now, July, it's a mixed bag. When it comes to analysts, it's a clear mixed bag for SoFi. The high The high target on the street is actually pretty low. Um it says here at least 30 bucks, but here I'm seeing 31 from Mizuho. Either way, that's under where we were just like 8 months ago, right? So, the high on the street is about 30 31 dollars a share, and the low on the street is 12 dollars with the average price target being just a hair over 90, or not 90. What am I saying, guys? 90 would be nuts, not 90, 20, right? The average price target is just a hair above 20 dollars a share, and we have about 23 analysts um recommending the stock um here in or just I guess covering the stock here as of July. And out of those 23 recommendations, we have five buy ratings, couple strong buy ratings, 12 hold ratings, couple underperform, and couple sell ratings. So, they're all over the place with the majority of analysts putting SoFi as a hold right now, which I agree with. I Honestly, I agree with that. Um, unless you want to trade it, you know, I'm looking to trade it in the short term again before earnings, but it's risky, obviously. You're not, you know, you you got to do your own research. You're not guaranteed to make money, um, anywhere in the stock market, guys. But, listen, mixed earnings, um, analyst recommend recommendations and the price targets are kind of all over the place. The highest 30, the lowest 12. And analysts overall, if we look at the particular analysts here, guys, we have Needham buy rating, 25 target. Mizuho, um, has an outperform, again, $31 rating. But, we have KeyBanc Woods $17 rating, underperform. Uh, we have a couple $18 ratings as well, or, uh, you know, price targets from Morgan Stanley and Barclays. Um, and we can see a $17 price target with a hold rating from Truist. Uh, we have Goldman Sachs $21 price target, neutral. Uh, UBS neutral, $21 price target. Let's see, equal weight is Barclays. I I don't think I mentioned that. Uh, Citigroup buy with a $30 price target. So, they're all over. They're all over, which for some stocks, that's the case, but you also notice other stocks you're looking at, a lot of the analysts are usually, um, on the same page. Like like, for example, if you're looking at, you know, Nvidia or some of these big massive big tech companies, pretty much all the analysts are bullish, buy ratings, right? That's That's just how it goes, right, guys? So, that is what the analysts are saying, nothing crazy. You got to take it with the grain of salt, guys. And looking at the estimates here, based on 16 analysts, we can see the average revenue estimates $1.12 billion versus last year's $858 million. So, they're looking at growth of around 30% top line for the quarter, not bad at all. And that's actually roughly the growth they're expecting for the entire year. For 2026, the average estimate for SoFi's top line is 4.7 billion, roughly, versus 3.6 billion from last year. That's 30% growth year over year. And looking at the bottom line EPS, the average estimate is 11 cents versus last year's 9 cents for the current quarter. So, not bad there. And for the year, the average estimate is 59 cents versus 37 cents from last year. Not too bad from SoFi, guys. So, at this point, I'm telling you, watch out for that relief rally. It's starting. We We kind of got hit aggressively over the last couple of days. We were just at 20 bucks, literally 1950, four or five trading days ago, and this thing got nailed as the entire market, to be to be fair, got hit. This got down to 1650. It lost about 15%. Now, we're trying We're starting to find our footing again. I think there could be more upside here on SoFi before the print. And look, the entire market's up, right? We covered this. The Qs almost 2% in the green. They're trading in this channel, like we've covered time and time again here. That's not, you know, breaking in either direction quite yet. The S&P is up around, let's see here, guys. SPY's up 0.9%. We're trying to break through this 50-moving average. We're not doing it yet, but something tells me that might happen. So, the the charts look pretty good, man. Not bad. And really the Dow and the Russell look the best chart-wise. The Qs, the S&P, they're looking a little wonky, right? But the Dow, not bad at all. Russell looking strong as well. This is about to go back to all-time highs. We're like 70 points away from all-time highs on the Russell, guys. So, what do you think? Let me know in the comments. I'm Look, I sold calls earlier. Those are the only moves I've made. You guys saw that. I posted that in my Patreon portfolio, which I run the public Patreon portfolio through Patreon with the private Discord access. And it's over six figures now, guys, and I literally just made $600 literally today. It took me about 10 minutes to, you know, pick the contracts, sell the contracts, but I literally made $600 in that public portfolio selling calls on Amazon, Nvidia, and Robinhood. Just like that, you know? And I'm up massively on all those stocks. So, I'm okay with giving up some shares if I have to. And this is something I've been doing for years across different portfolios. And I show you exactly how I do that again in the Patreon. And you get all my alerts. You get access to that Discord. Check it out. Link down below, pinned in the comments, or go to stasserfest.com/patreon. I'll see you guys in there. And with that being said, cheers. Oh, I almost dropped it. I'll see you guys in the next video. Have a great day.