Robinhood (HOOD)

• The stock was trading around $104.45 during the podcast, with the speaker believing it had a shot at $105. It achieved its first-ever close above $100, ending the day at $103.27.
• The speaker made a personal trade: he sold his position in Weebull for a net loss of $1,750 and used the proceeds to buy 100 shares of HUD (Robinhood) at $103.40.
• To offset the loss from the Weebull sale, he sold a March 2026 $120 covered call on his new Robinhood shares, collecting a premium of $1,750.
  • His logic is that he'd rather hold HOOD than Weebull. If the stock tanks, he's okay holding it from his $103 entry point.
  • If the shares get called away at $120, his net exit price would be $137.50 ($120 strike + $17.50 premium), which he is comfortable with.
• Analyst Devin Ryan from JMP Securities was mentioned in a clip from another podcast. He believes Robinhood could be a $500 stock within the next decade, implying a potential market cap of over half a trillion dollars.
  • The rationale is that Robinhood is being valued like a tech company, not a traditional financial services firm, due to its growth and operating leverage.

Takeaways

• The sentiment around Robinhood is highly bullish, both from the speaker and from cited analysts.
• The speaker demonstrated a specific options strategy (covered calls) to generate income and offset losses from another position. This can be a useful strategy for long-term holders of at least 100 shares of a stock.
• The long-term bull case is based on Robinhood's potential to disrupt legacy financial institutions and its favorable "tech company" valuation multiple. The $500 price target for the decade highlights significant long-term optimism.

Rocket Lab (RKLB)

• The stock had an incredible day, hitting a high of $48. The speaker noted he is up 108% on his position in just two months.
• The primary driver for the day's move was an upgrade from Bank of America, which raised its price target from $30 to $50.
  • This follows a recent upgrade from Citigroup to $52.
  • BofA's reasoning is that Rocket Lab's development of the Neutron rocket and its end-to-end satellite capabilities position it to expand its offerings.
• The speaker acknowledges that the stock is "a bit expensive here," trading at nearly 47 times sales and not yet being profitable. However, he notes that "the street doesn't care."

Takeaways

• The sentiment is very bullish due to strong price momentum and positive analyst upgrades.
• Investors should be aware of the high valuation. The current stock price is based on future potential and narrative, not current profitability.
• The success of the Neutron rocket is a key future catalyst that investors are watching closely.

Palantir (PLTR)

• The stock hit a new all-time high of $151.30 and achieved its first close above $150.
• The speaker noted the move happened without any specific news, suggesting it was part of a broader algorithmic buy of growth names towards the end of the day.
• Another speaker on the show, Steve, expressed a more cautious view, calling the valuation "very, very expensive" and comparing the situation to Cisco in 1999. He is "neutral" on the stock and would only become bullish again if the price fell to around $65.

Takeaways

• Sentiment is bullish based on strong price momentum and its position as a key AI growth stock.
• There is a significant debate around its valuation. While the price is hitting all-time highs, some view it as stretched and due for a pullback or "retracement."
• Investors are weighing the high valuation against the company's strong growth potential in the AI sector. The bull case is that Palantir is a revolutionary company transforming enterprises, making traditional valuation metrics less relevant.

NVIDIA (NVDA)

• The stock was trading around $171. The speaker noted a "generational dip buying opportunity" when it briefly touched $169.70 during the day.
• The bull case for NVIDIA is multifaceted:
  • Software Ecosystem: The CUDA software platform creates a powerful moat, making customers reluctant to switch to competitors. Even less powerful chips like the H20 for China are valuable because they run on CUDA.
  • Massive Compute Spend: Companies like Meta, Google, and Microsoft (for Project Stargate) are planning to spend hundreds of billions on compute, which directly benefits NVIDIA.
  • New AI Verticals: Jensen Huang was quoted discussing the massive opportunity in humanoid robots, especially in China, which has the AI tech, mechatronics expertise, and manufacturing base to deploy them.
• A guest speaker, Steve, believes NVIDIA could be the first $10 trillion company by 2029 or 2030 and that the AI build-out is only 20% complete.

Takeaways

• Sentiment is extremely bullish. NVIDIA is seen as the primary beneficiary of the global AI build-out.
• The company's dominance is not just in its chips but in its entire software and hardware ecosystem, creating a strong competitive advantage.
• The long-term growth story remains intact, with massive capital expenditures from big tech and new markets like robotics providing future tailwinds.

Ethereum (ETH) and Crypto-Related Stocks

• Ethereum (ETH) had a strong day, breaking through and holding the $3,400 level. The speaker credited analyst Tom Lee for bringing "Ethereum back from the dead."
• Ethereum-related stocks saw massive gains:
  • SBET (Ethereum Treasuries) was up 27-30%. The speaker mentioned seeing screenshots of people making life-changing money on it.
  • BMNR was up 18%.
  • BTBT was up 17%.
• Bitcoin (BTC) was also strong, attempting to reclaim the $120,000 level. The speaker referenced Michael Saylor's thesis on using Bitcoin as a liquid capital asset for public companies instead of traditional treasuries.
• The broader crypto market was also rallying, with names like XRP, Solana (SOL), and Dogecoin (DOGE) all up significantly.

Takeaways

• The sentiment across the crypto space is very bullish, with Ethereum leading the charge.
• Investors are using stocks like SBET and BMNR as leveraged plays on the price of Ethereum. These are high-risk, high-reward instruments.
• The passing of a procedural vote for a new crypto bill in Congress was cited as a positive catalyst for the sector, potentially leading to more regulatory clarity.

Broader Market & Investment Themes

• Market Sentiment: The speaker noted that the market feels "frothy" and has "2021 vibes," but he believes this rally is more sustainable because it is supported by real earnings growth, unlike the 2021 rally which was driven by hype and low interest rates. The Fear & Greed Index was at 74 (Greed), suggesting there could still be room to run before hitting "Extreme Greed."
• Artificial Intelligence (AI): This is the dominant theme. The high valuations of AI startups like Anthropic (floating a $100B valuation) and massive data center deals (like XAI securing capacity in Saudi Arabia) are seen as strong indicators of the sector's health and a primary reason it's "hard to be bearish on NVIDIA and AMD."
• Airlines (UAL): United Airlines reported earnings that were seen as "not that bad." While the stock was down after hours, the issues impacting margins were specific to Newark Airport problems, not a broader slowdown in consumer travel. This suggests the consumer remains healthy.
• Value Plays: A guest speaker, Steve, initiated a position in Salesforce (CRM), calling it "dirt cheap" at 11 times free cash flow. He sees it as a value play with potential for a narrative shift around its AI products later in the year.

Takeaways

• While the market feels hot, the underlying support from strong corporate earnings provides a key pillar of support that was absent in the 2021 rally.
• The AI theme continues to be the most powerful driver in the market. News from both public and private AI companies reinforces the bull case for semiconductor giants.
• Even in a growth-dominated market, there are opportunities in value-oriented stocks like Salesforce that have lagged but possess strong financials and potential catalysts.