Investing Legend Warns About This Market

Joseph Carlson After Hours•Jun 15, 2026

Summary

Joseph provides a comprehensive overview of a 'blindingly green' market, attributing the surge to two main factors: a potential peace deal with Iran, which could stabilize oil prices and inflation, and the news of Elon Musk becoming a trillionaire following a SpaceX IPO. He notes that major tech platforms like Amazon, Google, and Microsoft are leading the charge, alongside momentum-driven stocks like Uber and DoorDash. Joseph maintains a bullish outlook on high-quality companies with proven operations but expresses deep skepticism toward current market exuberance and the 'Elon premium' driving unsustainable valuations.

Regarding specific stock arguments:

ASML: Joseph is extremely bullish on this semiconductor giant, noting it is one of his largest holdings. He highlights that he bought shares below $700 and they are now trading near $1,900. He explicitly predicts the stock is headed to $2,000 per share as the future remains bright for its dominant market position.

Texas Roadhouse (TXRH): Joseph considers this one of his most successful investments, having bought in during the pandemic when sentiment was low. He is currently buying more shares to increase its weighting to 5% of his portfolio. He praises the company's ability to gain market share and remain profitable even in the face of record-high beef prices.

Amazon (AMZN): As one of his top holdings, Joseph notes that Amazon’s recent move to $246 per share significantly lifts his portfolio performance. He views the company as a core digital platform that benefits from the broader market recovery and technological advancement.

Google (GOOGL): This remains Joseph's largest overall position across his various funds. He points out the stock's recovery from the mid-$350s back to $369 as a sign of continued strength. He values its position as a dominant AI and digital advertising leader.

Casey’s (CASY): Joseph recently conducted a deep dive into this convenience store chain, praising its high-margin pizza business and expansion into chicken. However, he is currently holding off on a purchase due to its high valuation multiple, waiting for a better entry point.

SpaceX: Joseph warns viewers about the 'insane' valuation of SpaceX, which he claims is trading at roughly 110 times revenue. He compares the hype to Bitcoin and dismisses Elon Musk's prediction of $1 trillion in revenue by 2030 as mathematically improbable and intended to support a high stock price.

Mentioned Stocks

AMZN

Sentiment: BUYAction: RECOMMENDED

Reasoning: Amazon is one of Joseph's top holdings and he highlights its recent price move to $246 as a significant positive for his portfolio.

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ASML

Sentiment: BUYAction: RECOMMENDED

Reasoning: Joseph believes the future remains bright for the company and explicitly predicts the stock is going to $2,000 per share. He previously bought shares below $700 and continues to hold it as a top position.

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GOOGL

Sentiment: BUYAction: RECOMMENDED

Reasoning: Google is Joseph's largest overall position. He notes strong momentum as the stock recovered from $350 to $369 and remains positive on its long-term prospects as a digital tech platform.

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TXRH

Sentiment: BUYAction: BOUGHT

Reasoning: Joseph is actively starting to build back up this position to reach a 5% weighting in his portfolio. He cites excellent operations and market share gains despite high beef prices as key reasons for his bullishness.

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CASY

Sentiment: HOLD

Reasoning: While Joseph likes the business model and its market-beating performance, he is holding off on buying because the valuation multiple has become too high.

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UBER

Sentiment: BUYAction: RECOMMENDED

Reasoning: Joseph describes the company as phenomenal and believes the current strong upward momentum in the stock price will continue.

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DASH

Sentiment: BUYAction: RECOMMENDED

Reasoning: Similar to Uber, Joseph views DoorDash as a phenomenal company and expects the current price momentum to persist.

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