Hims & Hers is the leading digital health platform that makes it easy and affordable to access health care from home.

HIMS connects patients with licensed doctors online and offers treatments for hair loss, sexual health, weight loss, mental health, and skincare. The goal is to take the hassle out of going to the doctor, especially for sensitive or stigmatized issues.

The business is growing quickly with recurring revenues, has strong brand recognition, and is already profitable. This is a rare combination.

And on top of that they have been innovating on tons of new product lines and are expanding to new geographies.

That said, the stock remains highly volatile, so size accordinly.

After four straight strong months for the market, it might be time for a pause.

Going back to 1950, September is the weakest month for the S&P 500. Over the last 10 years, it averages a -0.7% decline and is positive only 46% of the time. It’s the only month of the year where the S&P 500 averages a loss.

September has been surprisingly strong, but late September is historically a weak period in the markets. So, it wouldn’t be surprising to see some consolidation from here into early October.

Now is also the time when volatility tends to pick up.

In the past week, both the VIX and stocks have moved higher in unison. Historically, this has almost always led to a pullback in stocks within the following weeks.

The best way to take advantage of pullbacks is to be prepared. That means having enough cash on hand and having your buy list ready.

1. Make sure you don’t give back too much of your profits. Keep your exposure to risk-on, momentum or growth names in check. Be patient before allocating new capital. And make sure to keep small losses from turning into big ones.

2. Build a watchlist of the best names. So, you know exactly what to focus on and you’re ready when a new uptrend begins. You want to know exactly what you’re buying and why. Preparation is everything.

This could be the first real pullback since the historic rally off the April lows. But as long as the primary trend remains up and the broader bull market is intact, pullbacks are opportunities.

What I’m Watching:

Tesla ($TSLA)

Tesla remains the best play on physical AI.

It has massive upside if Robotaxis and Optimus launch successfully. It’s a big if, but hard to bet against Elon. And he’s proven again and again that he can deliver against the odds.

Since our initial buy in August, we’re already up more than 20% and I plan to add significantly more.

This move might be just getting started.

If we zoom out, Tesla has a tendency to consolidate for years before a starting a huge move. It looks like we might on the verge of the next big rally.

There’s a lot of positive news around Tesla’s Robotaxi roll-out. With Elon’s trillion-dollar compensation package, he should be more incentivized to focus on Tesla. If he fully commits, almost no one can compete with him.

You really have to be invested in AI.

I’ve been repeating this over and over.

But if you’re not paying attention, you’re missing out on some of the biggest opportunities in the market right now.

• Oracle ($ORCL) expects revenues to 8x in 4 years

• Taiwan Semi ($TSM) grew revenues in August 34% yoy

• Nebius ($NBIS) & Microsoft ($MSFT) $17B data center deal

• Broadcom ($AVGO) with blow-out earnings

• Credo ($CRDO) & AsteraLabs ($ALAB) had triple digit earnings growth

• Nvidia ($NVDA) guided for 55% growth yoy for next quarter

The pace of innovation is accelerating faster than most people realize.

Opportunities like this are rare, and they’re happening right before our eyes.

With that being said I’ve made a few portfolio changes:

1. What I Bought:

Yesterday I bought 2 positions: HOOD & LEU

Robinhood ($HOOD)

As most of you know, Robinhood has been one of my biggest positions for the past two years. I continue to be amazed by the speed at which the company executes. Just look at everything they announced yesterday (that’s on top of a wealth of previously unveiled features):

It has the potential to become the biggest winner in the transformation of the trillion-dollar financial industry.

Centrus Energy ($LEU)

I’ve been tracking Centrus Energy for a while now, and since I highlighted it back in July, it has gained another 40%. And now it’s started to set up again.

It’s one of the best pure-play nuclear energy stocks in the market today.

The company enriches uranium to produce Low-Enriched Uranium (LEU) and High-Assay, Low-Enriched Uranium (HALEU). These are essential fuel sources for both traditional nuclear reactors and the next generation of advanced designs.

Unlike most nuclear stocks, Centrus already has real sales. It’s not just a promise of future potential. The business is growing fast and profitable.

With a market cap of just $4 billion and a PE of 33, there is still plenty of room to grow.

1. What I Sold:

Oracle ($ORCL)

Oracle has worked out wonderfully, and now I’m selling about half of my position to take some profits. There is absolutely nothing wrong with the company itself. I am just taking advantage of the gains I have made so far to redeploy into new opportunities.

Veeva ($VEEV)

The same goes for Veeva. I planning to diversify into new positions that have more upside potential right now.

The AI infrastructure buildout is far from finished.

It remains the leading sector to watch. And this earnings season proved that once again.

Nvidia posted $46.7 billion in revenue in Q2, up 56% year-over-year, and guided for $54 billion in Q3, which would be a 55% increase. It does not look like growth is slowing down anytime soon. Keep in mind that there is only one month left in September, which gives Nvidia strong visibility into the coming quarter.

Yesterday, Credo ($CRDO), one of my largest positions, reported earnings. They clearly beat expectations and raised guidance, growing an incredible 274% year-over-year. It is one of the fastest-growing companies in the market.

There is one major earnings report left. Broadcom ($AVGO) will report tonight.

But with most of the big reports now behind us, here is a quick recap of the best earnings. These are some of the fastest-growing companies, and from that group I am looking to add new positions.

Arista Networks ($ANET)

Arista Networks provides cloud networking solutions for large data centers and enterprises.

It’s one of the most consistent compounders in the market. Unfortunately, even though I highlighted ANET two months ago just when it broke out, I didn’t have space in portfolio back then. But I’m watching it closely now.

Astera Labs ($ALAB)

Astera Labs is a fabless semiconductor company that develops purpose-built connectivity solutions for cloud and AI infrastructure, focusing on data center interconnects.

ALAB and CRDO are two of the fastest growing AI networking companies. Must watch.

Celestica ($CLS)

Celestica is a global leader in high-reliability design, manufacturing, and supply chain solutions, providing end-to-end services from product development to after-market support across multiple industries.

Nebius ($NBIS)

Nebius is a European-based technology company specializing in building and operating large-scale AI infrastructure and cloud platforms, providing intensive AI compute power through proprietary data centers and GPU clusters.

IREN ($IREN)

IREN operates next-generation data centers optimized for high-performance Bitcoin mining and AI cloud services, powered by 100% renewable energy to deliver scalable, efficient, and sustainable computing infrastructure

Seagate ($STX)

Seagate Technology is a global leader in data storage solutions, developing advanced hard drives, solid-state drives, and data storage systems. Memory is an incredibly important piece of the AI buildout.

Ubiquity ($UI)

Ubiquiti is a technology company that designs and manufactures wireless data communication and networking products for enterprises and homes.

Bloom Energy ($BE)

Bloom Energy manufactures solid oxide fuel cells used for on-site power generation. And energy is the bottleneck when it comes to AI data centers.

There isn’t much reason to get too aggressive right now.

Caution is still the best approach, and nothing has really changed on that front. The rally off the April lows was fueled almost entirely by tech, but that momentum has slowed down. The Nasdaq has basically been stuck in the same range for two months.

Even when the big names have strong days, it hasn’t moved the market much. Google is up 9%, Apple and Tesla both gained over 3% today, yet the indexes barely moved. That says a lot about where things stand at the moment. There just isn’t enough follow-through or real demand.

If anything, the opposite seems to be happening.

Over the past couple of months, down days have come with heavier volume, while up days were less convincing. Of course, one down day on increased volume isn't necessarily a problem. But if you start to see a large number of distribution days within a short amount of time, that is cause for caution.

That’s usually a sign of distribution: Institutions reducing exposure instead of adding. It doesn’t necessarily mean a major correction is coming, but it does show caution and a lack of buying interest.

At the same time, investors are piling into gold.

After a four-month consolidation, it broke out on massive volume and has been making new highs one after another.

So for now, as long as we’re stuck in this sideways consolidation, it’s mostly a waiting game. Especially since September has the reputation of being the worst month of the year, and that has been true for the last 70 years.

Either way, opportunities will come, especially as we move into the fourth quarter. It pays to be prepared rather than forcing new positions when the market isn’t offering much.

Instead, focus on two priorities:

• Protect your portfolio: Make sure you don’t give back too much of your profits. Keep your exposure to risk-on, momentum or growth names in check. And make sure to keep small losses from turning into big ones.

• Prepare for the next uptrend: Build a watchlist of the best names. So, you know exactly what to focus on and you’re ready when a new uptrend begins. Preparation is everything.

These are some of the best companies in the market today.

They stand out because they are some of the fastest growing companies in the market. Strong fundamentals, high growth potential, and a very promising technical setup.

For anyone building a growth-focused portfolio, these names deserve your attention. Many have been on my focus list for a while. And I am watching them closely to add or start new positions.

1. AI INFRASTRUCTURE

Nvidia ($NVDA)

Nvidia is the most important stock in the market. It doesn’t need much more explanation. Earnings are coming tomorrow after market close.

Credo Technology ($CRDO)

Credo provides high-speed connectivity solutions that are essential for data infrastructure. It’s one of the fastest growing company in the market right now. I have sizeable position already and I’m planning to buy more.

Celestica ($CLS)

Celestica is a global leader in high-reliability design, manufacturing, and supply chain solutions, providing end-to-end services from product development to after-market support across multiple industries.

Nebius ($NBIS)

Nebius is a European-based technology company specializing in building and operating large-scale AI infrastructure and cloud platforms, providing intensive AI compute power through proprietary data centers and GPU clusters.

AsteraLabs ($ALAB)

Astera Labs is a fabless semiconductor company that develops purpose-built connectivity solutions for cloud and AI infrastructure, focusing on data center interconnects.

2. FINTECH

Robinhood ($HOOD)

I’ve written about Robinhood

Futu ($FUTU)

The Robinhood of China.

SoFi ($SOFI)

SoFi is an online personal finance company that provides student loan refinancing, mortgages, and personal loans.

Affirm ($AFRM)

Affirm is a FinTech offering "buy now, pay later" services for consumers.

Nubank ($NU)

Nu is a Brazilian company that operates a digital neo bank.

3. ENERGY

GE Vernova ($GEV)

GE Vernova is a global energy company that creates and manages technology to generate, transfer, convert, and store electricity, aiming to make energy more reliable, sustainable, and affordable.

Bloom Energy ($BE)

Bloom Energy manufactures solid oxide fuel cells used for on-site power generation.

Talen Energy ($TLN)

Talen Energy is an independent power producer and infrastructure company.

4. PHYSICAL AI

Tesla ($TSLA)

Tesla is still the best play for physical AI. Tesla has massive potential IF Robotaxis and Optimus roll out successfully. Of course that’s a big if, but it’s hard to bet against Elon.

5. SPACE

RocketLab ($RKLB)

Rocket Lab is an aerospace manufacturer and small satellite launch service provider. It’s basically a mini-version of SpaceX.

6. SOCIAL

Reddit ($RDDT)

7. SOFTWARE

AppLovin ($APP)

AppLovin is a mobile technology company that provides a comprehensive software platform and AI-powered solutions to help app developers market, monetize, analyze, and publish their mobile app.

7. BIGTECH

Google ($GOOGL)

Meta ($META)

Markets have basically priced in that the Fed is going to cut rates in September.

The probability of a Federal Reserve interest rate cut in September 2025 is now at 84.6%. Since December 2024, the Federal Reserve has held interest rates steady between 4.25% and 4.5%

Why?

• Jobs are cooling off: Hiring has slowed, unemployment crept up a bit, and wage growth isn’t putting pressure on inflation anymore.

• Muted tariff impact: The much-feared inflation bump from trade frictions hasn’t really shown up. Supply chains are holding up better than expected.

• Rates have been stuck: The Fed hasn’t moved since December 2024, keeping it at 4.25–4.5%.

Who benefits the most when rates are cut?

When the FED lowers rates, anything tied to cheap money or lower borrowing costs tends to do well.

• Real Estate & Home Builders → Lower rates reduce mortgage costs, making it easier for buyers to qualify for loans.

Home builders have been lagging all year, and now they’re starting to catch up.

So, here are a few names worth watching:

Home Depot ($HD), Lowe’s ($LOW), Sherwin-Williams ($SHW), Zillow ($Z), TopBuild ($BLD), M/I Homes ($MHO)

Other sectors worth noting:

• Gold & Precious Metals → They benefit from falling yields and act as a hedge when monetary policy gets looser.

• Crypto → Crypto thrives on liquidity and a “risk-on” mood usually push digital assets higher.

• Small-Cap Stocks → These firms often depend more on affordable financing, so cheaper money helps them grow.

• Tech & Growth Stocks → Their long-term cash flows look more attractive when the discount rate falls.

• Emerging Markets → A weaker dollar makes debt easier to manage and draws foreign investors back.

Coincidentally, these have been some of the best-performing asset classes this year.

The top two: Bitcoin & Gold

This is Part 2 of the Earnings Beats series.

One of the key signals to watch is when a company beats earnings.

Especially if it’s a fast-growing one. That means it’s growing even faster than most investors anticipated.

And when that happens, investors have to rethink how they value the company and its future growth. This reassessment leads to a re-rating of the stock.

The signal is even stronger when a company is growing its revenues, earnings, and margins all at once. That combination is rare. And it usually marks a company as one of the best in the market.

These are the crème de la crème.

Below are some names that beat earnings and deserve a spot on your watchlist. Many of them I’ve already discussed in detail, but it’s worth repeating.

AppLovin ($APP)

AppLovin provides a comprehensive software and AI-powered platform to help app developers market, monetize, analyze, and publish their mobile app.

Dlocal ($DLO)

DLocal is a payment technology company that enables global enterprise merchants to accept payments and issue payouts in emerging markets.

Life360 ($LIF)

Life360 is a technology company best known for its mobile app that provides real-time family location sharing.

Shopify ($SHOP)

Shopify provides an e-commerce platform for businesses to create online stores and manage retail point-of-sale systems.

Nebius ($NBIS)

Nebius Group is a Europe-based technology company specializing in building and operating large-scale AI infrastructure and cloud platforms, providing intensive AI compute power through proprietary data centers and GPU clusters to support the global AI industry.

Last week, we finally got a dip, but it was over in just one day.

Every dip keeps getting bought. There’s still a ton of money on the sidelines. Many funds have missed the rally and are eager to get in. That’s why every pullback has been brief and shallow.

Not every correction has to come as a sharp drop. Sometimes the market “corrects” by moving sideways for weeks, letting time do the work.

So while I’d personally like to see a pullback to add new positions, we could just as easily see the market consolidating sideways before setting up the next big move.

A realistic scenario here is a consolidation from August through September, followed by a rally into what is historically the most bullish time of the year.

Institutions are still waiting to get in.

The chart below compares the dollar value of S&P 500 futures positioning from asset managers and hedge funds with the index itself. It shows the actual number of contracts held by each group.

This is a rough way to gauge where positioning stands and where it “should” be. If positioning matched the current S&P 500 level, it would be around $280 billion. Right now, it’s about $120 billion short of that.

This bull market hasn’t shown any real signs of weakness.

Internal market data isn’t pointing toward a slide either. The uptrend remains strong, with nearly 46% of S&P 500 stocks trading above both their 50-day and 200-day moving averages.

That’s a broad rally.

And 57% of S&P 500 stocks are above their 200-day average.

The main driver of this strength has been earnings.

• 83% of S&P 500 companies beat analyst expectations for Q2 2025.

• On average, earnings exceeded estimates by 7.1%.

• Technology led the way, with a 94% beat rate, a 7.8% surprise, and a +7.2% relative return.

• Consensus earnings per share have climbed from $62.49 to $65.67 — a 5.1%.

When companies are delivering results like this, it’s hard for macro concerns about rates, inflation, or trade to outweigh the underlying strength we’re seeing.

And the standout sector? Tech.

Earnings for tech stocks have been climbing almost vertically, while non-tech earnings have moved sideways.

Or to be more specific: it’s really all about AI.

Almost all of the outperformance came from sectors and stocks exposed to AI. Hardly surprising. I’ve been highlighting for a long time now.

Besides AI, we’re also seeing growing interest in thematic portfolios and theme stocks. Crypto has been a clear standout in July, with one of the largest ETF inflows in recent history.

So, if you haven’t already, make sure to check out the thematic Crypto portfolio.

Corrections create opportunity.

When the market is rallying non-stop, leading stocks quickly run away, making it tough to enter without chasing FOMO.

Corrections give you a second chance.

You can:

• Buy leading stocks you missed the first time around.

• Add to winning positions that are holding up well.

• Identify new leaders before the market turns.

Actually, the best thing that could happen now is a small correction that sets up perfectly for the strongest season of the year.

The key is to spot sectors and stocks that are acting the best when things look the worst. When everything is selling off, good companies and bad companies all get hit.

But during that process, certain stocks will stand out.

They might dip slightly, stay steady, or even rise while the market is falling. It means sellers are staying on the sidelines, or large institutions are quietly stepping in to accumulate shares.

This is why relative strength matters so much during a correction. These stocks are often the first to move when the market finds a bottom and begins to recover.

With this in mind, there are two main types of stocks to watch during a correction:

1. First, stocks that refuse to go down with the overall market. These stocks are showing strength. If everything is selling off but these names stay flat or only dip a little, that means no one is willing to sell. These stocks often lead the next leg higher once the overall market starts to bounce back.

2. Second, leading stocks that are pulling back in a controlled way. What you want to see is a orderly pullback on lower volume while staying above key support and moving averages. This means the selling is likely temporary. If the fundamentals are still strong, the uptrend will likely continue.

Use corrections as a time to observe and prepare.

Now let’s look at the key names to watch during this pullback:

Energy: $GEV $NRG $TLN $CEG $VST $WEC $BE $PEG $GNRC

Nuclear: $LEU $OKLO $BWXT

Chips: $NVDA $AVGO $TSM $AMD $STX $CDNS $SNPS $WDC

Networking: $CRDO $CLS $ALAB $COHR $AMSC $NVTS $RMBS $ANET $NVT

Data Centers: $ORCL $VRT $SMCI $NBIS

Cloud: $PLTR $APPF

Infrastructure: $IESC $AGX $STRL $PRIM

Data: $RDDT $META

FinTech: $HOOD $IBKR $TOST $CBOE $SNEX $AFRM $SEZL $PGY

Consumer: $DASH $CART $CVNA

E-Commerce: $CPNG $SHOP $TPR $EBAY

Aerospace: $RTX $GE $HEI $HWM $AVAV $ERJ $CW $KTOS

BigTech: $MSFT $GOOGL

Cybersecurity: $RBRK $NET

Space: $RKLB $ASTS

Rare Earths: $MP $TMC

Health: $HIMS $INSM $ALNY $VEEV

The interesting thing is that most of these sectors are connected to AI in some way.

AI is not just part of one industry. Chips are needed to power AI models, data centers keep them running, cloud platforms host the tools, and software helps apply AI in real-world use. Even areas like energy, networking, and cybersecurity are becoming more important because of AI’s growing demands.

And It is spreading across every industries. AI is driving changes across industries. It is already shaping how companies work.

It looks like we’re finally seeing the first real pullback in quite some time.

That can feel unsettling, especially after months of strength, but it is a normal and healthy part of any market cycle.

And it’s not like this pullback comes unexpectedly.

You never know when they happen exactly but the market offers subtle clues. You just have to pay attention. I’ve been highlighting many of them in the weekly market updates.

You should always know whether you have the wind at your back or fighting against it.

So, here’s how to handle pullbacks:

1. Do nothing: If you’re a long-term investor in quality stocks, there’s really not much to do. Pullbacks are part of the process. As long as your thesis has not changed and fundamentals are improving, pullbacks are a good time to slowly add to your winners.

2. Raise cash: If you are more active and focused on intermediate-term opportunities, this is a time to be selective. Think about reducing exposure to your riskiest and most vulnerable positions. Trim names that have run too far too fast. Raise some cash so you have flexibility later. You do not want to be forced to sell into weakness if the market continues lower.

3. Hedge: This is an advanced approach and not suitable for everyone. Hedging requires timing, discipline, and a clear plan. But if you know what you are doing, you can use strategies like shorting indices, buying inverse ETFs, or using volatility instruments to benefit from rising volatility.

All of this comes back to one key idea. As long as the primary trend remains up, and the broader bull market is intact, pullbacks are opportunities.

But that does not mean you should blindly buy the first red day. Some pullbacks last a few days. Others stretch for weeks or even months. Be patient. And wait for setups to develop.

The best way to take advantage of pullbacks is to be prepared. That means having enough cash on hand and having your watchlist ready. You want to know exactly what you’re buying and why. That way, when opportunity shows up, you’re not hesitating or scrambling but ready to act.

AI is one of the biggest opportunity of this decade. Maybe the biggest. It’s reshaping industries across the board.

This is the leading sector right now. I’ve been saying this for a while. If you’re not exposed to AI yet, you’re missing out on a generational trend.

One thing is clear, the demand for compute is immense.

Training AI, reasoning, agents, images, videos, robotics, self-driving cars. They all need huge amount of compute.

So, check out the thematic portfolio, if you haven’t already.

All our AI positions are performing strongly:

$CRDO $NVDA $ORCL $SMCI $PWR $SNOW

And it’s not just them.

We’ve also seen blowout earnings recently from $CLS, $CDNS, $RMBS, and $GEV. These are the names you’ll want to keep an eye on for new positions, especially if the market pulls back here.

This is more confirmation that the AI wave is just getting started.

Cadence ($CDNS)

Rambus ($RMBS)

Celestica ($CLS)

GE Vernova ($GEV)

VeriSign is a good example of how things don’t always go as planned, even when the setup looks solid.

The fundamentals were strong, the technicals looked good, and everything seemed to be lining up. But sometimes, despite all that, it still doesn’t work out.

In this case, it was because Warren Buffett decided to sell about a third of his multi-billion-dollar stake in VeriSign. A move like that can’t be predicted and changes everything, especially when it comes from someone as influential as him.

So I’ve decided to take the small loss and move on.