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SoFi will release its earnings on Monday. Is the fintech stock a buy now after collapsing almost 21% in 2024?

Fintel reports that on April 26, 2024, Scotiabank initiated coverage of Qualys (NasdaqGS:QLYS) with a Sector Perform recommendation.

Tech stocks have a long reputation for providing consistent and significant gains over the long term, proven by the Nasdaq-100 Technology Sector's 395% rise over the last 10 years.

Tech stocks have a long reputation for providing consistent and significant gains over the long term, proven by the Nasdaq-100 Technology Sector's 395% rise over the last 10 years.

Tesla (NASDAQ: TSLA) recently reported its results for the first quarter, and the results were not great as the downturn seen in electric vehicle (EV) sales weighed on the company's results. Total deliveries fell 9%, while automotive revenue slipped 13% to $17.4 billion and overa

One common theme among highly successful businesses is that they are constantly innovating. Microsoft (NASDAQ: MSFT) was founded nearly half a century ago. In that time, the company has evolved dramatically since revolutionizing personal computing.

After getting clobbered by the bear market, shares of leading TV streamer Netflix (NASDAQ: NFLX) have rallied nearly 200% in the last two-year stretch. That epic performance includes a sell-off following the first-quarter 2024 earnings update as investors took a breather.

Microsoft (NASDAQ: MSFT) is a leader in the technology sector and has consistently demonstrated its ability to adapt and thrive within evolving technological environments. This shift of industry focus to Artificial Intelligence (AI) and cloud computing has positioned it at the f

On Friday (April 19) at approximately 8:10 p.m. EDT, the much-anticipated Bitcoin halving occurred.The event happened when ViaBTC mined block number 840,000, reducing the reward rate from 6.25 Bitcoins to 3.125. Bitcoin remained stable over the weekend, staying within the US$63,000 to US$65,000 range. As of Monday (April 22) at 10:45 a.m. EDT, it was at US$66,243, up 2.2 percent in the past 24 hours and 2.7 percent compared to a month ago.While Bitcoin's price stayed relatively stable, the cryptocurrency's trading volume experienced significant fluctuations through the weekend, with a 45 percent increase from Friday to Saturday (April 20) followed by a 68 percent decline from Saturday to Sunday (April 21). The cryptocurrency's market capitalization currently sits at US$1.3 trillion.Bitcoin has rallied in the aftermath of previous halvings, but this year's event saw the cryptocurrency take off ahead of time, reaching new all-time highs in the first quarter of this year. These peaks were largely fueled by the approval of spot Bitcoin exchange-traded funds in the US on January 10, which led to increased investor interest. On March 12, Bitcoin’s market cap surpassed that of silver, positioning it as the eighth most valuable asset globally. The cryptocurrency reached its highest recorded value on March 14, hitting US$73,737.94. Over the last year, Bitcoin’s market cap has grown by a remarkable 142 percent.Halvings have significant implications for miners engaged in verifying transactions on the blockchain network. These events reduce the block reward that miners receive, effectively cutting their income in half. ViaBTC, the miner that mined the block that triggered the latest halving, was rewarded with ‎37.626 Bitcoins valued at US$2,402,245. Despite this significant sum, the halving will reportedly cost crypto-mining companies billions of dollars in revenue.To counteract this revenue loss, some mining companies, like Marathon Digital Holdings (NASDAQ:MARA) and CleanSpark (NASDAQ:CLSK), have invested in new equipment and facilities. However, smaller companies may struggle to strike a balance between revenue losses and operational costs. Validating transactions is an energy-intensive process, and as interest in Bitcoin grows, competition for power intensifies, making validation more challenging.Shares of miners have risen after the halving. Marathon Digital (NASDAQ:MARA) and Riot Platforms (NASDAQ:RIOT), two major players, saw their share prices increase by 8.77 and 6.78 percent, respectively, on Friday. This was followed by a further 11.77 percent increase for Riot at the start of trading on Monday and 4.18 percent for Marathon.Bitcoin's halving has once again highlighted the volatile nature of the cryptocurrency market. The event serves as a timely reminder of the potential risks and rewards associated with investing in these coins. It will be interesting to monitor the space in the weeks and months ahead, and investors should proceed with caution.For those looking to invest in Bitcoin, Peter Eberle, president and chief investment officer at Castle Analytics, shared his advice for adding Bitcoin to an investment portfolio with the Investing News Network.He explained that regularly rebalanced portfolios can benefit from volatile assets, and said studies show that including a 3 to 5 percent allocation of Bitcoin in a standard 60/40 portfolio could decrease overall portfolio volatility and increase expected returns. This is because the investor would be moving funds back and forth more during rebalancing.“One area that's critical to portfolio management, whether it has to do with Bitcoin or anything, is if the volatility of an investment is keeping you up at night, it's not the volatility of the investment, but rather the size of your allocation to that investment,” Eberle commented.Don't forget to follow us @INN_Technology for real-time news updates!Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

Among the companies whose shares are expected to see active trade in Friday’s session are DuPont, Nike, and KB Home.