The student loan thing is a bit of a mis direction.// The Biden loan forgiveness is for Gov loans not private loans. SOFI does private loans. Sure they will refinance more now but it's no huge windfall. As well This move in the debt package is a bit redundant and stupid for Republicans to insist on.. the supreme court is handling this case and is sure to rule against Biden! So why use up a chip here... dumb
Good news for STZ- America’s national beer could soon be Mexican as Memorial Day weekend sales drop plunges Bud Light further into crisis Wed, May 31, 2023, 8:44 AM EDT Memorial Day is usually a time for families to fire up the backyard grill, invite the neighbors over, and enjoy the sunshine over hot dogs and hamburgers—and, yes, beer. But when the coolers were cracked open this weekend, fewer and fewer Americans reached for Bud Light. Instead people competed on social media as to who could post their best picture of fully stacked shelves next to signs advertising rebates for every case of Bud Light bought. Thanks to the continued backlash over an April 1 Instagram post—in which the transgender influencer Dylan Mulvaney opened a Bud Light can with their likeness on it—the most popular beer brand in the United States could soon come from Mexico. A combination of a 26% drop in sales of the Anheuser-Busch InBev brand with a 9.2% gain in Modelo Especial means the two may end up swapping rankings in 2023, according to data from Bump Williams Consulting and NielsenIQ. “That’s a monumental decline,” Williams told the New York Post. “If this continues, Modelo will surpass Bud Light for the year.” Has anyone tried Modelo???
This market is gonna take off in June. Tech will chill, divergence to the SPX. 4300 on the way. Today's close---> 4179
I'm heavy in >>>>>>>>>>>>>>>>>>>>> Pure Storage, Inc. (PSTG) NYSE - Nasdaq Real Time Price. 28.81-0.59 (-2.01%) At close: 03:59PM EDT 30.35 +1.54 (+5.35%)<--- More to come! BUY BUY BUY $33-$36 After hours: 4:09PM EDT
I think SOFI might be the No 1 stock today! ' Students will need to start paying back their debt for the first time in more than three years as part of the new debt ceiling deal. The prospect sent shares of SoFi (SOFI), one of the nation's leading student loan lenders, soaring on Wednesday as Wall Street becomes increasingly confident the deal will be signed. "We view this as an incremental positive for SoFi, as borrowers will need to start making payments again and some may look to extend the duration of their loans through SoFi's student loan refinance product, which has seen lackluster origination volumes since the start of the moratorium in 2020," Wedbush Securities managing director David Chiaverini wrote in a note to clients on Wednesday. While SoFi had initially planned for the moratorium to be lifted on June 30 as scheduled, the debt ceiling deal could bring finality to a student debt moratorium that had been extended multiple times since the government first paused federal student loans as part of pandemic relief benefits in March 2020. The extensions materially altered SoFi's business. In the first quarter of 2023, SoFi's student loan volume decreased by more than 50% from pre-pandemic levels, according to a company release. The student loan unit, which represented nearly 30% of the company's loan volume in the first quarter of 2022, represented just 15% in the first quarter of 2023. "The moratorium on federal student loan payments continues to weigh on the business," the company noted in its first quarter release on May 1. The student loan moratorium has contributed to downbeat sentiment surrounding shares of SoFi, a technology-focused personal finance company that went public in 2021. After an initial bump in the months following the IPO, the stock tumbled from its November 2021 high. But the upbeat sentiment in student loans sent shares rebounding on Wednesday as the stock rose nearly 13%. SoFi Technologies, Inc. (SOFI) NasdaqGS - Nasdaq Real Time Price (USD) 6.94 +0.91(+15.09%)<------------- At close: 4:00PM EDT 6.96 +0.02 (+0.29%) After hours: 4:15PM EDT SoFi CEO Anthony Noto explained during the company's most recent call that he sees SoFi in the student loan business in two ways. The firm provides direct private student loans and also provides student refinancing options. SoFi is one of several private options that compete with public student loan offerings. Despite consistent government involvement in the student debt process, Noto and Sofi still see an opportunity in the space this year. "We do think that there is still a large TAM that we can go after, given where we can price the loans today," Noto said on the company's most recent call. "So we do expect to see an uptick in demand, but probably not to the levels that we saw back in Q4 of 2019." Rising interest rates will limit profits for now, Noto said. But when interest rates come back down, Noto argues there will be more demand for student loan refinancing. "What we saw when rates were low is that our student loan refinancing business really benefits as people can refinance their federal loans into lower rate loans and capture savings there," Noto said at the JPMorgan Global Technology, Media and Communications Conference on May 24. So that business would be very robust in a lower-rate environment. That's why this is really a late year story when rates are declining. SOFI is ahead of itself. but American investors have caught the SOFI fever and aren't really clued in. I'm going to give all of my gains to my son. $2,000 /He feels left out as I have not bought for him yet-- Some house came out neg today with a $3 PT and this is a SPAC for goodness sakes and even worse that Indian guy SPAC<-- that guy Chimala....
Here we go!!!!! Pure Storage, Inc. (PSTG) NYSE - NYSE Delayed Price. 28.79-0.61 (-2.07%) At close: 04:06PM EDT 30.89 +2.08 (+7.22%)<------------ After hours: 04:21PM EDT
Pure Storage reports Q1 non-GAAP EPS 8c, consensus 4c » 16:07 PSTG OMG! 100% beat! $33------$35 Sell Zone******** Will be upgraded tomorrow!!!