Lending Club a Stock to Own Now A Stock that can Double

Lending Club again makes our list as a stock to own for 2017.

We have featured Lending Club as a stock to own in the past with great success.

See the call from July 2016 below and click the interactive chart to see how shares have performed since the alert.

LC waiting for good news! by StockSpotify on TradingView.com
See the member alert from only 12 days ago below!

Lending Club is on StockSpotify”s Stock to own for 2017 by StockSpotify on TradingView.com

 

Now we have even more catalyst that could cause shares of Lending Club to double in 2017.
The stock is trading at $6.35 at the time of this writing.  Lending Club is on the verge of breaking out again.  Keep and eye on the $6.40-$6.50 area as a breakout level.

 

We like this name technically as it has held up very well lately.

 

The catalyst we mentioned is a simple one.  President Trump and his team are on the verge of rewriting or abandoning the rules for Dodd Frank.  Just two weeks into his presidency, President Trump took aim at the bureau with an executive order to begin unraveling the rules and regulations in the Dodd-Frank Act that created the watchdog agency in 2011.  The battle over the agency’s fate is bound to get nasty.  Once this happens it opens up the banks to own companies like Lending Club.

President Trump loves credit.  He has said so many times.  Here is a quote from President Trump, ““We expect to be cutting a lot out of Dodd-Frank because, frankly, I have so many people, friends of mine, who have nice businesses who can’t borrow money,” Mr.Trump said before signing the order.

Borrow money? Hmm, Lending Club is in the business of lending money.

 

Fintech was all the rage in 2016.  Just like “Internet of Things” and “Virtual Reality” and all the riches these 3 sectors promised investors.  They all were a bust.

In the United States, there are many FinTech companies and startups, including Affirm, Betterment, Behalf, Birch Finance, IEX, Kabbage, Money.net, Nomis Solutions, Plaid, Prosper, Robinhood, SoFi, Square, Stripe, Think Finance, Wealthfront and GrennSky LLC and DebtBench.

Out of all these companies, Lending Club is the most well-known brand for borrowers and investors wanting to lend money on the platform.  Investors are making 3%-10% as average people are making themselves the bank.

We think Lending Club can reach $7.50-$8.50 or more by mid-summer and we are looking for this stock to double by year-end.

 

Do you need good Stock Picks without the Hype & Scams?

 We send easy to read, easy to understand stock picks to your inbox.  

 

See our NVIDIA (NASDAQ: NVDA) buy alert at $32.70, now trading over $100.00!  

We were writing about NVDA way before the mainstream financial media picked up on it.  Way before Twitter streams were filling up!

 

Our 12 Trades Per Year Portfolio produced over 50% returns in 2016. 

Some members made much more by taking a more concentrated approach!

If you would like actionable alerts and want to make money like our members are doing consider joining StockSpotify today.

It cost less than going to the movies each month.

 Join here and try it for a month. Money back if you are not happy!  Only $59.00