Shares of Microsoft Corp. rose 0.7% and Alphabet Inc.'s stock climbed 1.4% in morning trading Thursday, making then the first of the mega-capitalization technology companies to trade back above their respective 50-day moving averages (DMA). Microsoft's and Alphabet's stocks both first closed below their respective 50-DMAs, which many on Wall Street use as a guide to the short-term trend, on Sept. 28, which was Microsoft's first close below that key technical level since June 3 and Alphabet's fir Read More...
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Oppenheimer Pounds the Table on SoFi Stock
SoFi Technologies (SOFI) has only been on the public markets since the end of May, when it went public via the SPAC route. Although the company was founded in 2011 and specialized at first in student loans, it has since expanded its remit to include a wide array of services, and it offers credit cards, investing through its online platform, mortgages, personal loans, and finance tools and services. So, a pretty varied business proposition. That said, following a chat with CEO Anthony Noto, Oppen
