Things appear to be going well for SoFi. If you're considering opening a position, you might want to consider doing so before Jan. 27.

SoFi Technologies (NASDAQ: SOFI) made its public debut on June 1, 2021, through a merger with a special purpose acquisition company (SPAC), Social Capital Hedsophia Holding Corp. V, led by Chamath Palihapitiya.

SoFi shares saw a huge surge in the fourth quarter of 2024 as the company’s stock rallied from $8 to its highs of $17 in December. Shares saw the benefit of lower inflation forecasts and improved consumer lending activity.

The financial technology, or fintech, industry was one of the hardest hit parts of the stock market in the post-pandemic bear market, but there are still some excellent opportunities. PayPal (NASDAQ: PYPL) is one great example with a stock price that is still about 70% below its 2021 peak and excellent turnaround progress in 2024,