Today, I provide stock market analysis on 3 SPAC growth stocks that I own in my long term growth stock portfolio. All 3 stock picks are disruptive growth stocks and innovative technology stocks to help rocket your portfolio growth. I discuss Opendoor (OPEN), DraftKings (DKNG) and SoFi (IPOE). These are speculative growth stocks with attractive long-term growth potential.
OPEN: Opendoor is a leading digital platform for residential real estate. In 2014, we set out to reinvent life’s most important transaction with a new, radically simple way to buy and sell your home. We have rebuilt the entire consumer real estate experience and have made buying and selling possible on a mobile device. We’ve served tens of thousands of customers who have come to Opendoor to make their moves easier. Whether it’s getting married, starting a family, taking a new job or simply making a life change, we help people get to their next chapter in one simple, seamless transaction. Our mission is to empower everyone with the freedom to move. Opendoor currently operates in a growing number of cities and neighborhoods across the country. Headquartered in San Francisco, we are a team of problem solvers, innovators and operators building the largest, most trusted platform for residential real estate.
DKNG: DraftKings, Inc. is a leading skill-based Daily Fantasy Sports (DFS) gaming destination for fans in North America and the UK to compete in single-day online games for cash and prizes across the largest variety of professional sports. DraftKings is the exclusive DFS partner of Major League Baseball, the National Hockey League, Major League Soccer, NASCAR and Ultimate Fighting Championship. Founded in 2012 by CEO Jason Robins, CRO Matt Kalish and COO Paul Liberman, DraftKings is headquartered in Boston, Mass. Note: Penn National Gaming (Barstool Sports) (PENN stock) is headed to the S&P 500.
IPOE / SoFi: Social Finance, Inc. (commonly known as SoFi) is an American online personal finance company (fintech). A mobile-first service based in San Francisco, SoFi provides a suite of financial products that includes student loan refinancing, mortgages, personal loans, credit card, investing and banking through both their mobile app and desktop interfaces. SoFi’s mission is to help people reach financial independence to realize their ambitions. And financial independence doesn’t just mean being rich—it means getting to a point where your money works for the life you want to live. Everything we do is geared toward helping our members get their money right. We’re constantly innovating and building ways to give our members what they need to make that happen.
IPOE and OPEN are both Social Capital: Chamath Palihapitiya (born September 3, 1976) is a Sri Lankan-Canadian-American venture capitalist, engineer, SPAC sponsor and the founder and CEO of Social Capital. Palihapitiya was an early senior executive at Facebook, joining the company in 2007 and leaving in 2011. He is a minority stakeholder and board member of the Golden State Warriors. Social Capital, formerly known as Social+Capital Partnership, is a venture capital firm based in Palo Alto, California. The firm specializes in technology startups, providing seed funding, venture capital and private equity. The firm has "stood out strategically", according to Fortune, "with a focus on ... healthcare, financial services and education ... when those fields were ... neglected by the VC community.
Disclaimer: I have been investing in the stock market for over 20 years, but I am not a financial advisor or a legal professional, and I am not providing financial or legal advice. The information provided is for informational purposes only. It should not be considered legal or financial advice. You should consult with an attorney or other professional to determine what may be best for your individual needs. FIRED Up Wealth and Eric Cuka do not make any guarantee or other promise as to any results that may be obtained from using our content. No one should make any investment decision without first consulting his or her own financial advisor and conducting his or her own research and due diligence. Past performance is no guarantee of future results.
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