$HOOD: “Over this year, we’ll be launching and scaling the Robinhood Chain, which is our Layer 2, making it the best chain to trade real-world assets. More on this coming very soon.” – @VladTenev
“Where is Vader today?”
“He’s paying the Rebel Alliance $300 billion dollars after defeating them completely, every day for the last four months, sir.”
$HOOD back at $100 is really nice to see, but it's also because of some core catalysts that the market is pricing in:
- tapping into agentic trading TAM which can seriously scale trading volumes as it grows
- the world cup, in the first few days, has already been MASSIVE for prediction markets volume which can substantially increase Q2/Q3 earnings estimates, especially since $HOOD operates some of the volume on their own exchange now
- rate cut narrative is bullish for all tech stocks, would be very bullish for trading volumes and oil below $80 can help put cuts back on the table
- Trump accounts growing fast on Robinhood
- insiders have bought $50M worth of stock at around $80, signaling that directors feel pretty bullish that the worst may have been priced in
Robinhood fell last Q because of 15% rev growth and misses on EPS/Revenue as the street expectations were still too high. Although they have tough comps for the rest of the year, the new TAMs they are tapping into is likely what the street is frontrunning even without seeing the earnings.
Additionally, the BIGGEST thing that has happened for $HOOD in the past month is the divergence from $BTC. If it was really trading with Bitcoin, it should have barely been above $75 right now. The fact that the other parts of the business are seen independently from Bitcoin is VERY good and if that continues AND $BTC eventually comes back, it could really set them up for a strong end of year.
California is one of the most dynamic places on the planet.
But it is a case study in how a rich society can spend more and more while producing less and less of what its ordinary citizens need.
My take:
$GOOGL $AMZN
Google is setting up
Amazon is setting up
Both left lot of buyers behind.
Google is trading at 20X earnings while owning the largest data set in human history.
Amazing is controlling everything on shopping front. Prime has 200M+ subscribers paying every year
As someone who gets to be all over this country, I couldn’t agree more. Media is now hyper-localized and customized in bias. Meeting people IRL shatters all that. 🇺🇸
A wise man once said, if you want to hate America, watch the news. If you want to love America, drive across it.
These European World Cup tourists are experiencing the REAL America for the first time: not New York City or LA, but middle America and all its hospitality. 🇺🇸
If you had bet $100 on the Knicks at the lowest point of each of their 4 Finals comeback wins and rolled the winnings into the next game…
$100 would have turned into roughly $24.4 million.
Game 1: Down 16
Game 2: Down 18
Game 4: Down 29
Game 5: Down 15
That’s how ridiculous this Finals run was.
The Knicks didn’t just win a championship. They pulled off a sequence of comebacks that may never be replicated. 🏆🍾💰
100% true. Corporate media jammed the stupid Elizabeth Holmes blood thing down everyone's throat b/c she was female, but then when a real female engineer spends 20 years working her way up to leading the most innovative company in the world, no interest, b/c Elon.