Once in a generation move just started‼️
Summary
Jeremy's main thesis is that the stock market is undergoing a violent V-shaped recovery, punishing those who panicked and sold in the first quarter. He emphasizes that missing just a few of the market's best trading days can drastically reduce long-term returns, making a 'buy and hold' strategy superior to market timing. He views the current buying pressure as relentless now that the primary fears of Q1 have been processed by Wall Street.
Jeremy provides an extensive deep dive into AMD, which he considers one of his most successful recent positions. He predicts the stock will soon break its all-time high of $260, triggering a series of price target upgrades from analysts that could push the stock into the $300s or $400s. He shares three scenarios for AMD based on his financial models: a bear case with a 20% CAGR, a base case with a price target between $600 and $1,200, and a bull case where the stock reaches $2,000 by 2030.
For the upcoming earnings season, Jeremy identifies a list of 'hated' stocks that he believes will surprise the market to the upside:
Mentioned Stocks
Reasoning: Jeremy believes the stock is irrationally hated due to news about Costco launching an energy drink. He predicts the $35 stock will exit earnings season between $40 and $50.
Reasoning: The stock is currently at $69, and Jeremy expects it to reach $100+ soon as momentum returns following a strong earnings report and guidance.
Reasoning: Jeremy calls AMD a 'buy today' and mentions he recently built a massive position in late 2024 and early 2025. He expects the stock to break its $260 all-time high and hit an analyst average target of $290 soon, with a bull case target of $2,000 by 2030 based on 40% revenue growth and 50% net income growth.
Reasoning: Jeremy considers Salesforce an 'ultra hated' stock that is essential for the AI wave. He expects revenue growth to accelerate and the stock to rise well above its current $177 price after earnings.
Reasoning: Despite being beaten down, Jeremy expects ServiceNow to exit earning season over $100 (from $94) as it proves its necessity in the AI sector.
Reasoning: Jeremy expects Microsoft to deliver great numbers and guidance, leading the stock higher.
Reasoning: Jeremy notes the forward P/E of 9 is 'ridiculous' and expects the stock to be much higher than $244 after earnings season.
Reasoning: Jeremy believes the management team will dispel market fears during the earnings call. He expects the $144 stock to rise significantly.
Reasoning: Jeremy expects accelerating revenue growth to drive the stock higher than its current $169 level, though he is not personally buying it tomorrow.