Sixth Street Specialty Lending, SoFi, Corpay, EVERTEC, and Oaktree Specialty Lending Shares Rise—Key Information You Should Be Aware Of

Market Shifts: What Drove the Afternoon Rally?

Several stocks experienced notable gains during the afternoon as investors moved away from technology shares, seeking opportunities in sectors with more appealing valuations.

Experts observed that, although technology remains a long-term focus, the immediate momentum has shifted toward industries that had previously trailed the surge fueled by artificial intelligence. As investors took profits from high-growth tech stocks, funds were redirected into financial institutions and asset management firms, which are perceived as having more stable earnings in the current environment. This rotation is a classic strategy: traders secure profits from volatile sectors and reinvest in value-oriented stocks to maintain market exposure while managing risk.

Investor confidence was further lifted by a Goldman Sachs projection, which anticipates U.S. economic growth accelerating to 2.6% in 2026. This optimistic forecast is based on expectations of tax reductions, looser financial conditions, and less economic pressure from tariffs.

Market reactions to news can be exaggerated, and sharp declines often create attractive entry points for quality stocks.

The following companies were among those affected:

• Sixth Street Specialty Lending (NYSE:TSLX), a specialty finance provider, rose by 3.8%.

• SoFi (NASDAQ:SOFI), a personal loan company, climbed 2.7%.

• Corpay (NYSE:CPAY), which offers diversified financial services, advanced 3.4%.

• EVERTEC (NYSE:EVTC), a payment processing firm, gained 2.8%.

• Oaktree Specialty Lending (NASDAQ:OCSL), another specialty finance company, increased by 3.1%.

Spotlight on Sixth Street Specialty Lending (TSLX)

Sixth Street Specialty Lending’s stock has shown relatively low volatility, with no single-day price swings exceeding 5% over the past year.

The most significant movement in the last twelve months occurred about two months ago, when shares rose 3.3% after investors became more hopeful about a possible Federal Reserve rate cut in December.

This optimism was sparked by comments from John Williams, President of the New York Federal Reserve and a voting member of the Federal Open Market Committee. He indicated that the central bank could lower rates "in the near term" without compromising its inflation objectives. Following his remarks, market expectations for a December rate cut shifted dramatically, with the CME FedWatch Tool showing the probability jumping from 37% earlier that day to 70%. Although lower interest rates can squeeze bank margins, investors often see them as a driver for economic growth, potentially increasing loan activity and lowering default risks.

While Wall Street’s attention is fixed on Nvidia’s record highs, a lesser-known semiconductor supplier is quietly dominating a crucial AI hardware segment that industry leaders depend on.