The UNTHINKABLE is about to happen to Stocks (Get READY!)

Jeremy Lefebvre Makes Money•Apr 9, 2026

Summary

Jeremy observes a sharp divide in the market: while big tech names like Amazon and Meta are showing strength, SaaS (Software as a Service) stocks are experiencing what he calls an 'apocalypse.' He attributes this specifically to the relentless selling of the IGV software ETF, which is dragging down high-quality companies like Salesforce, Adobe, and ServiceNow regardless of their individual performance. Jeremy's core thesis is that this is a generational buying opportunity because valuations for these growth companies have reached levels suggesting they will never grow again, which he believes is fundamentally incorrect.

Jeremy also reacts to market analysts, agreeing with Tom Lee that the market bottom is already behind us. He points to the Nasdaq's 10% bounce from recent lows and the resilience of the economy despite temporary inflation pressures like high oil prices. He highlights the 'FOMO' (fear of missing out) trade returning to the market as investors realize they missed the absolute lows and begin crowding back into tech and financials.

Salesforce (CRM): Jeremy highlights that Salesforce is trading at a forward PE of only 13, which he finds absurd for a company with double-digit growth. He views the current price levels as a massive entry opportunity for long-term investors despite the stock being down 14%. He believes the business model remains one of the best in history and that Wall Street is overreacting to short-term sector rotation.

Adobe (ADBE): Jeremy points out that Adobe is trading at a forward PE of 10, a valuation usually reserved for companies with zero growth. He notes that with expected earnings growth of 20% and revenue growth of nearly 10%, the stock is 'ridiculously undervalued' in the $220 range. He argues that the market is pricing Adobe as if its growth has peaked, creating a 'steal deal' for those with a multi-year horizon.

AMD: Jeremy is extremely bullish on AMD, noting its nearly 200% gain over the past year and its significant outperformance compared to Nvidia. He predicts that AMD’s revenue growth acceleration will soon surpass Nvidia’s, leading to a 'passing of the mantle' in the chip sector. He sets potential price targets for the stock at $275 and eventually $325 if the 'risk-on' sentiment continues.

Mentioned Stocks

AMZN

Sentiment: BUYAction: RECOMMENDED

Reasoning: The stock is moving again and Jeremy believes it wants to reach $250 or more.

Loading chart...