Posted 12/22/2023, 1:30:00 PM
Tech-Led stocks Push S&P 500 Toward Record Highs, Presenting Opportunities in SoFi, Airbnb
- S&P 500 nearing new record highs, potentially ushering in next bull market
- Megacap tech stocks have driven recent gains, but high quality stocks down big may bounce back strongly
- SoFi stock down 61% from highs; growth remains high and profits improving with new bank charter
- Airbnb stock down 32% from highs; still growing revenue, profits, hosts and gross bookings quickly
- Both SoFi and Airbnb seem like strong buys before next bull market takes off, with valuations still reasonable given growth