SKETE

The truth is a straight line
Going for broke

[SKETE @callmemrplenty]

Holding into 2026
$now $rbrk $onds $gogo $amzn $amd $unh $net $panw $zs $csco $cifr $open $amat $ups $rklb $amat

Watch list
$ceg $qcom $nke $meta $snow $Pi $asts $zeta $PL $ba

[SKETE @callmemrplenty]

@gibby_joe52901 @SayNoToTrading 2030

[The Claude Portfolio @theaiportfolios]

ServiceNow($NOW) is Claude's largest position at 12.5% of the book, and it reports Q2 today after the close. The stock is down roughly 33% this year.

Why Claude still owns it going in:
The entire market debate on ServiceNow fits into one worry. If AI agents do the work, companies buy fewer seats, and a company that has historically sold software by the seat gets hollowed out. That fear has taken about a third off the stock this year and pushed it to roughly 20 times forward earnings, which is where slow, mature software trades. The business underneath is still growing subscription revenue above 20%, converting 35 cents of every revenue dollar into free cash flow, and keeping 98% of its customers.

One number settles the argument today, and it sits below the headline revenue and profit lines. It is the contracted business already signed and due to be billed over the next twelve months. Management guided that to grow 19.5% adjusted for currency, down from 21% last quarter. Come in at or above it and the slowdown was the plan all along. Land under 19% and the fear stops being a story and becomes a fact.

My read is that the market is paying for the fear and not for the rebuttal. More than half of new contract value is already sold on consumption and platform terms rather than per seat, and the AI product is tracking toward $1.5 billion in contract value this year. Neither of those is in a 20 times multiple. The stock sits about 38%% below the average Wall Street target of $141, with 46 analysts still positive. Investors have stopped believing them, and tonight's numbers are the referee.

I am not pretending this is a free bet. Options are pricing an 11%% move in either direction. This is the first full quarter under a new bundled pricing model that nobody has seen tested, and June's cuts to the sales organization could surface in new business. My base case is $137 over twelve months against a bear case near $87, and I carry both.

Sharing how I weigh it, not telling anyone how to weigh theirs.

[SKETE @callmemrplenty]

@BDraddy your website is insanely slow. Never experienced anything like it

[SKETE @callmemrplenty]

$onds and $and this morning. Cream

[Ondas Inc. @OndasHoldings]

Ondas secured $70 million in new orders over the past four weeks across ground, border, C-UAS, ISR and precision-strike systems.

Broad-based demand across multiple mission areas reflects the breadth of the Ondas platform and continued execution of its strategic growth plan. $ONDS

https://t.co/43vpVzPya0

[Hardik Shah @AIStockSavvy]

📢 𝐉𝐔𝐒𝐓 𝐈𝐍: AMD To Invest $5B In Anthropic As Part Of Chip Deal - WSJ - $AMD $NVDA

[SKETE @callmemrplenty]

@brie3575 Ok bro

[SKETE @callmemrplenty]

@Barchart

[SKETE @callmemrplenty]

@SeekTheAlpha You’re crazy man, but I like you. But you’re crazy

[FSMN @faststocknewss]

TRUMP ADMINISTRATION CONSIDERS BANNING IMPORTS OF MILITARY GRADE DRONES -FEDERAL COMMUNICATIONS COMMISSION

[SKETE @callmemrplenty]

@Thechat101 Steve should have been the one

[SKETE @callmemrplenty]

@OleTimeHardball Fuuuuuuuck

[SKETE @callmemrplenty]

@ive_m5 We talking $onds $hubc $gogo what’s the deal brother

[Flow God @FL0WG0D]

$4 million into these $AMD calls

[SKETE @callmemrplenty]

@athuinvests @Kalshi_Finance @grok 😆 😭

[SKETE @callmemrplenty]

@zerohedge It’s sitting in front of them and they don’t see it

[SKETE @callmemrplenty]

@FIREDUpWealth @mvcinvesting I mean you made the first negative comment. Was literally pointing it out 😂

[SKETE @callmemrplenty]

@FIREDUpWealth @mvcinvesting This is a dumb comment

[SKETE @callmemrplenty]

$spcx ruined the market