Summary
Highlights
The portfolio was up 3.47% for the week, with a year-to-date return of approximately 72%, significantly outperforming the S&P 500. Since inception, the portfolio is up 174.59%. The upcoming week is crucial with major earnings reports from companies like SoFi and PayPal, a CPI report, and a meeting between Trump and Xi, all expected to influence market movements. There's also a high probability of a 25 basis point Fed rate cut in upcoming meetings.
The top holdings in the portfolio include Nebus, Google, Rocket Lab, AMD, and Micron. The presenter recently added 55 shares of Oscar after a market overreaction to Molina Healthcare's report, believing Oscar's fundamentals remain strong for future profitability. An additional 11 shares of Nebus were also purchased due to its potential as an AI winner, despite its recent drop in price. Other smaller positions and options trades are also discussed, with a focus on upcoming earnings for Pagaya and PayPal.
The upcoming week will feature significant earnings reports. Tuesday will see reports from SoFi, PayPal, and United Health before market open, and Nphase and Bookings after the close. Wednesday is packed with Verizon, Boeing, CVS, Meta, Microsoft, and Alphabet. Thursday will include Eli Lilly, Merc, Roblox, before market open, and Amazon, Apple, Coinbase, and Cloudflare after market close. The presenter expects positive results for many of these, especially SoFi and PayPal, with a focus on future guidance.
The shareholder vote for Coreweave's acquisition of Core Scientific is imminent. Coreweave urges shareholders to vote in favor, highlighting the benefits for both companies and the risks of a standalone plan for Core Scientific. Market data indicates a potential for continued green weeks for the S&P 500 and an impressive seven consecutive green months for NASDAQ, with a possibility of an eighth. The recent CPI report showed a slight rise in headline inflation but core CPI was below consensus, likely pushing the Fed towards rate cuts.
Nebus's value proposition is reinforced by its 28% stake in Click House, valued at $6.35 billion, and its involvement in autonomous vehicles (AV ride) and delivery robots. Nebus's core business in data centers and AI studio software, with partnerships like Microsoft, further solidifies its position. Raymond James's estimates for AI cloud revenue by 2030 are presented, with particular attention to AWS, Google, and Microsoft, and their respective projected shares in the expanding AI market, the presenter does question some of the figures.
Entropic is significantly expanding its use of Google Cloud TPUs and services, a deal worth tens of billions and bringing substantial computational capacity online by 2026. This expansion highlights Google's undervaluation and potential for future cloud growth, serving a rapidly increasing customer demand. The presenter concludes by reiterating the excitement for the upcoming earnings week, particularly for PayPal, SoFi, and big tech companies, and promises follow-up videos despite an upcoming trip.