Where to Invest $100 Right Now
Even though SoFi Technologies (NASDAQ: SOFI) earned a banking charter last year, the cards were stacked so heavily against the fintech specialist that a share sell-off was practically inevitable. Between rising inflation and interest rates, along with the persistent drumbeat of recession warnings, the gravitational pull was too much for SoFi Technologies stock to handle in 2022.
SoFi stock's drop from $11 to less than $5 last year may have been overdone, though. Now, as a seemingly more accommodative Federal Reserve and notable revenue growth spur optimism (or at least, less pessimism), SoFi Technologies could be on a path to recovery in 2023. With that in mind, even cautious investors can put $100 on the line as long as they acknowledge the zero-or-hero potential for SoFi stock.
Even though SoFi Technologies' past quarterly earnings per share results are almost entirely filled with meets and beats, the company's first announcement of 2023 felt like a make-or-break event after such a rough-and-tumble year. As it turns out, SoFi passed with flying colors this time around, delivering expectation-beating numbers on all fronts in 2022's fourth quarter:
Source Fool.com
