Hey everyone, it’s your favorite YouTuber here and today we’re talking about stocks! SoFi Technologies (NASDAQ:SOFI) has been struggling lately, but hold on to your seats because the sell-side community is still optimistic about this fintech firm/neobank. Analyst sentiment hasn’t changed despite the recent banking crisis and the market going from bullish to bearish on SoFi. This disconnect between the analyst community and the market could work to our advantage, especially since SoFi is on track for another year of growth and possible move to GAAP profitability by Q4 2023. That’s right, we could see some serious gains here, so let’s follow the sell-side’s lead and invest in SoFi! But wait, there’s more! Let’s talk about Palantir (PLTR 2.75%). This AI stock has been on fire since the beginning of the year, but it recently dipped after its fourth-quarter 2022 report. However, don’t let that scare you because Palantir beat analyst estimates for revenue and profits and achieved GAAP earnings-per-share profitability for the first time. This is huge, people! Palantir is still at an early stage of its opportunity in AI and has only penetrated 1.6% of its estimated total addressable market (TAM) of $119 billion. And once the demand for its platform rebounds, the market will value this stock much higher. So, if you’re an aggressive investor who understands the risks, now is the time to buy Palantir for its massive potential upside! Okay, now onto the bad news. Tesla’s move to slash prices in China has backfired and they’re losing market share to BYD, putting Chinese carmakers on track to sell more passenger vehicles than their foreign rivals for the first time in 2023. Yikes! And Mullen Automotive is not looking too good either. They promised to reveal everything about an order from a major Fortune 500 company, but never did. And they’ve received a noncompliance warning from the Nasdaq exchange and are currently trading at 11 cents apiece. The delisting threat for Mullen Automotive is imminent, so let’s not count on a miracle here, folks. That’s it for today’s stock update, but make sure to like and subscribe for more financial advice and analysis!
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Disclosure: This video was done by myself, and it expresses my own opinions. This is not investment advice or financial advice and it should not be taken as investment advice or financial advice in any way shape or form. I am not receiving any form of compensation for this video from the company or organization that I am expressing opinions about. This video is for entertainment and or educational purposes only.
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