Out Fox The $treet

SoFi will benefit from a positive ruling by the Supreme Court against the student debt forgiveness plan. The bank sector came under undue pressure this week due to the sudden collapse of SVB. SOFI stock only trades at ~10x 2024 adjusted EBITDA targets. Anyone following our research over the last few months knows that  SoFi Technologies  ( NASDAQ: SOFI ) doesn't need a change in the Biden Administrations stance on student debt forgiveness to reward shareholders. The good news for  shareholders is that the Supreme Court appears set to block the debt forgiveness plan by June. My  investment thesis  remains ultra Bullish on the stock after the dip back below $6 following contagion fears due to the  SVB Financial Group  ( SIVB ) collapse. Read the full article on Seeking Alpha.  Disclosure: No position mentioned. Please review the disclaimer page for more details. 

The recent Supreme Court ruling gives coal miners some hope of reduced regulations on the industry. The news arrived too late for the coal industry, as investments have already been made to replace coal power plants. Until Peabody Energy turns around the negative EPS trend, investors should avoid the stock. Coal stocks remain in an absolute crash mode with a limited number trading above $1. The sector rallied on Monday due to a Supreme Court ruling that knocked down a hurtful rule for coal enacted by the Environmental Protection Agency in 2011. Coal stocks rallied on the news, but it isn't clear whether the overturning of the EPA air pollution rule will have any impact on the market considering the late date of the overturning. The power plant market has already shifted toward cheap natural gas, but if any stock has the potential to benefit from a Supreme Court decision, it would be Peabody Energy (NYSE: BTU ) . Looking at the chart below...