What is more important – the opinion of a TV guru or the raw, hard facts? This is a relevant question when judging a TV guru. SoFi Technologies (NASDAQ:SOFI). Despite the reluctance of a celebrity – or perhaps even because of it – SoFi stock is a great fintech pick for the second half of 2024.

You know what’s more convincing than the words of a commentator? The actions of a well-known SoFi Technologies insider. If he buys SoFi stock on the dip, that’s a good sign. So always take any commentary with a grain of salt and focus on what’s real, reliable, and relevant.

Cramer says ‘wait’, but CEO doesn’t hesitate

Not long ago, Crazy Money TV show host Jim Cramer reportedly stated, “Right now, that last quarter wasn’t great. I just didn’t like it. And I’m going to have to wait.” You’ve probably figured out by now that Cramer was referring to SoFi Technologies.

I’ll get to Cramer’s “not great” comment in a moment. First, I have to commend SoFi Technologies CEO Anthony Noto for doing what some self-proclaimed mavericks only claim to do.

He put his money where his mouth is and bought shares of his company at their 52-week lows. Noto reportedly bought 28,860 shares of SoFi stock on May 24, followed by another 30,715 SoFi shares on June 14.

Perhaps Noto expects SoFi Technologies to deliver stellar results in its Q2 2024 earnings report. Some analysts have high expectations for SoFi, so mark your calendars for the company’s July 30 earnings call. It could be a turning point for SoFi Technologies’ long-suffering investors, including Noto himself.

SoFi Technologies: Look at the Facts

When I saw Cramer’s comments on SoFi Technologies’ Q1 2024 results, I wondered if we were all looking at the same numbers. As far as I can tell, SoFi Technologies showed improvement in Q1 2024.

To recap, SoFi Technologies’ GAAP net revenue grew 37% year over year to $644.995 million. The company’s non-GAAP adjusted EBITDA increased a whopping 91% to $144.385 million.

Looking at the bottom-line metrics, SoFi Technologies improved from a net loss of $34.422 million in the year-ago quarter to a net profit of $88.043 million in the first quarter of 2024. Noto added that SoFi grew its “tangible book value by $608 million, ending the quarter at $4.1 billion and $3.92 in tangible book value per share, up 16% quarter-over-quarter.”

Wasn’t this good enough for the Crazy Money host? Apparently not, but I’ll let you decide whether Cramer’s negative review matches SoFi Technologies’ actual data.

SoFi Stock: Thanks Cramer for the buy signal

I’m not suggesting that anyone should employ a blanket “fade Cramer” strategy on every call (although there may be some merit to that idea). The important thing is that investors should judge the value of SoFi Technologies for themselves based on the relevant facts.

Cramer can choose to “wait” if he wants. However, forward-looking investors should consider whether SoFi Technologies can deliver stellar results in the second quarter. It’s a real possibility, and if you want to buy when pessimism is running high, you can safely load up on SoFi stock.

On the date of publication, David Moadel had no (direct or indirect) positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to InvestorPlace.com Publication guidelines.

The responsible issuer had no positions (either directly or indirectly) in the securities mentioned in this article on the date of publication.