New Retail Investors Fail to Understand This.
$SoFi Technologies(SOFI.US)$ In spite of a double earnings beat, SoFi is still in the red with negative free cash flow. In a bull market, the double earnings beat will boost the stock price by around 10% to 15%. However, in a bear market leading to recession plus the current banking crisis, if earnings beat, guidance is raised without profitability, and positive free cash flow, it won't help the share price due to unfavorable market sentiment and fears of bankruptcy.
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70726270 : Your perspective on student loan moratorium being lifted in a month potentially?
Dutek : Sounds prophetic but I call bs. What happened today was crap. Nice spin though.
D BillionsOP Dutek: Let's talk when you have a BASIC understanding of business accounting and financial aspects.