Last Week’s Performance
Published to Our Community May 4th, 2026 at 5:55 AM EST
Delivered to Inbox at 8:45 AM EST
Friday: -1.15% vs SPY +0.28%
Week: -6.98% vs SPY +0.94%
Top picks RDDT MP and AAPL worked well on Friday with AAPL hitting the target; however, our CEO was out of the office Friday and didn’t fully participate in markets so the official trade account was down mostly from losses in swing trade RTX.
Overall, for the week, performance lagged due to significant early week losses in BBBY and HOOD.
YTD: +68.61% vs SPY +6.02%
* Above performance reflects our CEO’s personal trading portfolio based on top trade ideas shared daily in this note, on live streams, and in Discord. Long-term account performance is not officially tracked. Individual results will vary.
Macro Discussion
Indices continue ripping higher to new all-time highs after blockbuster earnings last week in a number of companies related to the AI boom.
In fact, Morgan Stanley over the weekend, raised expectations for AI capex spend by the major hyperscalers to $1.1 TRILLION for 2027 up from $951 billion in their prior forecast.
The character of this market now very much feels like what we saw in the dot com boom of the late 1990s - but with much more near-term revenue and earnings power behind it. At some point, the bubble will burst, but it’s likely a folly trying to get ahead of that.
We are therefore throwing in the towel on any hedges and upgrading our signal to green on all time frames. There are catalysts (including a possible near-term restart of hostilities with Iran) which could cause market pullbacks, but we believe any such pullback will likely quickly be bought up for the foreseeable future.
Day Signal: 🟢
Swing Signal: 🟢
Trump World
War
Iran: Trump announced Project Freedom yesterday, with the operation beginning today to guide ships through the Strait of Hormuz. Two vessels were attacked Sunday around the announcement window, escalating tensions into a direct standoff as Iran warned U.S. forces against entering the waterway.
Ukraine: Trump said over the weekend a ceasefire framework is “close,” but no agreement has been finalized and fighting continues across key fronts. Russia has maintained pressure with ongoing strikes, while Ukraine continues defensive operations with steady U.S. and European support and no new policy changes announced.
Industry
INTC: Trump posted about Fannie Mae (FNMA), highlighting its Reston, Virginia headquarters in a social media message without additional policy detail.
Trade
China: Reports over the weekend indicate the planned Trump–Xi Beijing summit may be delayed, with scheduling and diplomatic coordination still unresolved. Both sides continue to signal a constructive tone, but no new tariff actions, rollbacks, or policy changes have been announced as talks remain in flux.
Proximal Catalysts (1 to 2 days)
ERs of Note:
Monday: BRK.B NCLH TSN then DUOL FANG FLY ON GRAB PLTR PINS after the close
Tuesday: ODD (unconfirmed) ROK GFS STNG TALK PDYN BTU CCJ CIFR SHOP PYPL then FLYW CXDO GRAL TMDX LEU LITE OUST WOLF TEM NVTS JOBY UPST BBAI SMCI LCID AMD
Wednesday: FUBO UBER NVAX DIS then HNRG HP NKLR SEZL SKYT GDRX COHR AMPX ALTO BROS CORZ AXON RDW DASH KTOS ROOT APP ARM SNAP ZVRA IONQ
Thursday: OPFI SATS FOUR HTZ BKSY DDOG CELH U BETR DIS NVAX ACTG then LASR TSSI RILY LPTH TOST NKTR SNES EXAS AAOI UAMY SMR RCAT MP RUM KODK IREN AFRM SOC LYFT TTD RKLB OPEN DKNG COIN XYZ
Friday: WULF DJT before the open.
Economic Data of Note:
Tuesday 10am: ISM services PMI and JOLTs job openings
Thursday 8:30am: initial jobless claims
Friday 8:30am: non-farm payrolls and unemployment raw.
Friday 10am: Michigan consumer sentiment.
🔥TMC said NOAA deemed its consolidated exploration and commercial recovery application fully compliant, expanding its mining area to ~65,000 km² with ~619Mt of nodules, and keeping it on track for a final permit by Q1 2027.
BZAI is the subject of a new Pelican Way short report alleging the company used a questionable deal to boost its share price and estimating ~4 months of cash remaining with potential dilution ahead.
FNMA Donald Trump posted about Fannie Mae, sharing an image of its Reston, Virginia headquarters with the caption “Fannie Mae Headquarters in Reston, Virginia. MAGA!”.
GME/EBAY GameStop proposes to acquire eBay for $125/share (50% cash / 50% stock); has already built a 5% economic stake via derivatives and common stock ownership.
IREN announced energization of its Sweetwater 1 substation, connecting the site to the ERCOT grid and marking a key step toward scaling its 2GW Sweetwater campus, with power expected to ramp alongside data center buildout as the company brings new AI compute capacity online.
🔥NBIS Friday morning announced they are acquiring Eigen AI for ~$643M in cash and stock, integrating Eigen’s model optimization and inference tech into its Token Factory platform to boost performance, lower costs, and accelerate deployment for enterprise AI workloads, while also expanding Nebius’s U.S. presence with a new Bay Area research hub. Additionally, Thursday after the close, NBIS disclosed a $13.37B five-year Microsoft cloud agreement for dedicated GPU capacity at its New Jersey data center, including ~$6.96B in upfront payments; services began in 2025 with first tranche delivered in Nov 2025 and second in Feb 2026, with revenue recognized over the contract term.
Top Trade Ideas
Active Re-Ratings
Trump Pump: MP we continue to believe money will flow into this name as investors try to get ahead of a Trump pump after INTC was pumped last week. $70 to $73 swing targets. MP reports Thursday after the close which should help with an underlying bid before then. FNMA also could do well today in the Trump pump category on his Sunday post with $8.60 and $9.50 near-term targets.
AI ER Continued Re-Rates: NBIS RDDT SNDK MU NOK all of these names could continue to do well this week. NBIS $169+ target on multiple catalysts and technical breakout. RDDT not a pure AI name but they are benefiting from it. Another great ER last week, we believe, drives a swing move to $190. SNDK MU NOK refer to Discord alerts for technical targets from our analysts. NOK is our least favorite of the group as pumpers are getting ahead of fair value.
Technicals & Fundamentals: FUBO BULL EOSE BZAI - all of these stocks, in our opinion, are fundamentally undervalued and have technical setups favorable for imminent moves. Refer to Discord alerts for technical targets from our analysts.
ER anticipations: AXON AAOI TMDX AMPX MP FUBO SATS are our most anticipated ERs of the week. Look for ER anticipation runs in these names and consider holding some allocation into their reports. Keep an eye open this week for trade alerts on these names in our Discord.
Core Swings (this is not a complete list of all swings. Refer to allocation screen shot below for a full list)
SATS price target updated. We now see $140s to $150s possible as SpaceX IPO nears.
AXON already in our long-term account, we have now started a position in the short-term account as the stock gears up for a move above the 20 DMA and towards $450
Current Allocations (Day/Swing Account)
MP — 13.15%
SATS — 11.35%
RDDT — 10.95%
AXON — 10.59%
FUBO — 9.09%
NBIS — 7.11%
TRAK — 6.91%
BZAI — 5.34%
EOSE — 4.24%
OPFI — 3.13%
INVE — 2.61%
SATS 135 Call (Jun 18 2026) — 2.12%
GLND — 1.92%
MP 67 Call (May 08 2026) — 1.16%
RTX 175 Call (May 08 2026) — 1.03%
EOSE 6 Call (May 29 2026) — 0.72%
RTX 175 Call (May 15 2026) — 0.46%
AXON 450 Call (May 22 2026) — 0.24%
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