Lower Interest Rates Ahead? Jim Cramer on the Macro Setup, Alphabet, and 27 More Stocks

22. SoFi Technologies, Inc. (NASDAQ:SOFI)

SoFi Technologies, Inc. (NASDAQ:SOFI) was among the stocks Jim Cramer discussed as he said that the Iran peace negotiations could trigger an oil glut, cool inflation, and pull interest rates down. Answering a caller’s query about the stock, Cramer said:

Okay, so SoFi, I didn’t like it at $28. It came down. First, I liked it at $5, $6, $7, $8. Then it shot up all the way to $28, $30. I just said, it’s enough. It’s come back down. When it got back to $18, I said time to buy it. It’s been hanging around that level. I continue to believe it’s time to buy.

SoFi Technologies, Inc. (NASDAQ:SOFI) provides lending, banking, investment, and insurance services through digital platforms. The company offers personal, student, and home loans, cash management, investment tools, credit cards, and financial wellness products. Cramer mentioned the stock during the April 29 episode and commented:

What… just happened to the stock of SoFi Technologies, the preferred digital bank of the younger generation? Here’s a stock that’s had an incredible run, going from $8 and change at its post-Liberation Day lows a year ago to $32 and change last November. As a long-time SoFi bull, and everybody knows that, I felt the move was vindication. But then, the stock started rolling over again, selling off as part of the broader AI displacement meltdown.

I think that’s crazy. This is a bank, for heaven’s sake. You can’t have Claude vibe code you a bank. As of yesterday, though, SoFi had pulled back to $18 when it reported this morning. The results were mostly in line, but the guidance for the current quarter was disappointing. In response, the stock plunged more than 15% today. Perhaps, that’s excessive.