The first six months of 2024 was a fantastic time for investors. The S 500 and the Nasdaq Composite put up total returns of 15% and 19%, respectively.
But not all stocks benefited from the broad rally. For example, SoFi Technologies (NASDAQ: SOFI) is down 24% this year (as of July 18). Is this fintech a smart buy right now on the dip?
SoFi's historical growth is certainly impressive, and it's probably a key reason the stock might be on your radar. In 2023, the business reported 35% and 44% year-over-year revenue and customer growth, respectively. These figures are significantly higher than they were just a few years ago. SoFi has done a great job at expanding its offerings from student loan refinancing to personal and home loans, as well as banking and brokerage products.
Source Fool.com