Part 7/9:
Kyle also provides a technical viewpoint, sharing that Sofi's stock has recently hit lows but is bouncing back into the $14 range. He underlines the importance of the upcoming earnings reports from banks and the CPI release, asserting that these could greatly influence Sofi's price trajectory. “Once we get to the bank earnings, I expect positive movements, particularly if the CPI report is favorable,” he adds enthusiastically.
With many stocks within the small-cap segment facing corrections, Kyle urges long-term investors to look beyond the immediate fears instigated by market fluctuations. Instead, he stresses the need for patience and confidence in the stock's fundamental strengths, especially as Sofi navigates impending catalysts that could enhance its valuation.