$MEMEKING Taking profits from Palantir and Intel and rotating into Root Insurance. Getting tons of hype on social and trading at just a 0.74x EV/S. Lots of room for upside with strong fundamentals.
Adding a ton of retail hype and meme stocks primed for potential mean reversion after event-driven selloffs last week. 1. AI software unwound—Palantir slumped on short-seller pressure and profit-taking, creating a setup for a snapback if flows stabilize. 2. Solar was hit by policy headlines; dislocations in FSLR/ENPH look overdone if rhetoric cools. 3. Retail dipped on earnings (Walmart/Target), a classic post-print fade that often normalizes. 4. Intel’s stake headlines added noise; clarity can lift multiples. 5.IPP/nuclear names (Constellation/Vistra) pulled back with the AI retreat despite secular power demand. 6. Home-improvement lagged into softer tape (HD/LOW), offering cyclical upside if rates tone improves.
Memestock team, Nvidia earnings these days are the biggest days in the market. And over the last twelve quarters, $NVDA has been within its consensus predicted move by market analysts 8 of 12 times, and rises on average +14% after earnings. So basically a memestock that also happens to be the most important company of our times.
Team $MEMEKING - we have been on the sidelines for a while now scouting the right entry point to the market. I haven’t seen any yet but I am dialed in daily. Making this small rebalance to make sure everyone copying me knows we are active but just waiting for the right time to pounce. Lots of falling knifes still left and right… most likely going to wait out the turbulence and not take on market risk.
GameStop went through the roof today as their livestream was halted from the insane demand. the livestream is getting postponed to tomorrow. Taking profits now and may look towards rotating back in tomorrow.