This Stock is Going INSANE‼️
Summary
Jeremy opens by highlighting the impressive performance of e.l.f. Beauty (ELF), which has soared 36% in just 7-8 trading days, noting he personally profited from recent purchases. He outlines his long-term bullish outlook for ELF, projecting the stock to reach $100 within the next six to nine months, and exceeding $200 in the longer term. His projections are based on robust revenue and net income growth rates, as well as expanding net income margins, which he believes will result in a significant compounded annual growth rate.
He then addresses SoFi, noting that CEO Anthony Noto has recently made substantial purchases, totaling $2.3 million in 2026. While Jeremy views Noto's buying as a positive sign of undervaluation (especially below $20), he asserts that his own bullish thesis for SoFi—centered on its potential to become a "financial giant" through growth in members, revenue, and earnings per share—is independent of these insider actions. Jeremy also expresses long-term optimism for Celsius, predicting it will reach $100+ over the long run, and mentions PayPal as a stock that is difficult to hurt further due to its single-digit P/E ratios, alongside positive commentary on American Express and Google's AI-driven momentum.
Conversely, Jeremy describes Amazon, Meta, and Palantir as "tough" in the short term due to high spending or market positioning, though he believes Amazon and Meta will eventually "have their day again." He also discusses new stocks he's considering: Pool Corporation, a "very beaten down dog stock," and RH (Restoration Hardware), which he desires to buy for its business model but is hesitant due to its recent "F-grade income statement." Whirlpool is intriguing for a housing recovery, but he views it as a short-term trade, conflicting with his preference for 10-year investments.
A significant portion of the video is dedicated to Jeremy's strong warning against betting against "cultish" stocks like SpaceX, despite acknowledging their "crazy" valuations. He argues that these stocks are sentiment-driven rather than valuation-driven, making traditional fundamental analysis unreliable for shorting. He emphasizes that only a substantial negative catalyst, rather than merely a high valuation, can reliably trigger a downturn, and accurately timing such an event is extremely challenging. He contrasts this with stocks like Caterpillar, which he views as much easier to bet against due to their fundamental-driven trading behavior.
Jeremy also reacts to Wall Street analysts Julian Emanuel and Ed Yarn Denny's S&P 500 targets, critiquing the wide range of Emanuel's predictions as an attempt to cover all bases. He acknowledges the resilience of the US economy and consumer, partly driven by the wealth of baby boomers, which he believes supports continued economic activity.
Mentioned Stocks
Reasoning: Jeremy expresses strong long-term conviction for Celsius, stating that the stock has a "long run" ahead and is "going to 100 plus long term." He recounts discussing the stock recently when it was priced at $28 and advises focusing on the significant long-term potential of "the next $50 plus dollars" rather than short-term price movements.
Reasoning: Jeremy describes Amazon as "tough tough in the short term" due to its high spending. He notes that such stocks see momentum but then sell off, unlike some semiconductor companies. While currently floundering, he believes Amazon will "have their day again" eventually.
Reasoning: Similar to Amazon, Jeremy states that Meta is "tough tough in the short term" because of its significant spending. He notes it tends to flounder and sell off after brief periods of momentum. However, he is optimistic that Meta, like other big spenders, will "have their day again" in the future.
Reasoning: Jeremy is very bullish on e.l.f. Beauty, noting its recent 36% surge in 7-8 trading days. He projects the stock to reach $100 within 6-9 months and $200+ in the longer term based on his personal projections. His bull case includes 20% average revenue growth, 40% net income growth, and 11% net income margins by 2030, leading to a 37-42% compounded annual growth rate. He explicitly states he recently bought more shares on June 5, 2026, and has owned the stock since February 2019 at $7.28.
Reasoning: Jeremy notes that CEO Anthony Noto recently bought an additional $250,000 worth of SoFi stock, bringing his total purchases in 2026 to $2.3 million across five separate buys. Jeremy views this as a positive sign that the CEO believes the stock is significantly undervalued, especially below $20. While he appreciates Noto's confidence, Jeremy emphasizes that his personal bullish thesis for SoFi, based on his own projections for member growth, revenue, and EPS, remains strong, as he expects it to become a "financial giant."
Reasoning: Jeremy finds Whirlpool "kind of intriguing" for a "several year housing recovery," with the stock trading around $40. However, he is frustrated because he feels it would be more of a "shorter term trade" (1-2 years) rather than aligning with his preferred strategy of buying stocks he intends to hold for 10 years.
Reasoning: Jeremy notes American Express is having "another nice day" and is benefiting from positive sentiment regarding consumer discretionary spending. He describes it as a "great stable company" that is inherently "hard to disrupt."
Reasoning: Jeremy briefly states that Palantir "remains kind of, you know, Palantir is just in a tough place when it's with his stock price in the short term."
Reasoning: Jeremy observes some recent upward momentum for PayPal. He highlights that the stock's P/E ratios are currently in single digits, which makes it "hard to hurt that stock more" and difficult for it to experience further substantial declines.
Reasoning: Jeremy observes that Google is experiencing "more upward momentum." He attributes this to its perception as an AI beneficiary across its diverse business segments, including Google products, its chip division, and cloud services, which differentiates it from other large tech companies. He mentions having considered taking profits, expecting "exits this year $5 plus" regardless of other factors.
Reasoning: Jeremy issues a strong warning against betting *against* SpaceX, despite acknowledging its valuation as "stupid" and "crazy." He argues that SpaceX, like Tesla, is a "cultish" and sentiment-driven stock that does not trade on traditional fundamentals. He emphasizes that merely having a high valuation is not a sufficient catalyst for a downturn; instead, a significant negative event or a shift in sentiment is required, and timing such a catalyst is extremely difficult, making shorting it highly risky.
Reasoning: Jeremy expresses a strong desire to "really want to start a position in" RH and believes he could hold the stock for 10 years due to liking its business model. However, he is currently unable to commit to a purchase because its recent income statement was an "F-grade" and while the balance sheet is improving, it's "still not good," meaning the numbers do not yet excite him enough.
Reasoning: Jeremy uses Caterpillar as an example of a stock that would be "much easier to bet against" (short) compared to sentiment-driven companies like SpaceX. He explains that Caterpillar trades on fundamentals such as P/E ratios and earnings, meaning if doubts about future year earnings or construction budget cuts emerge, the stock could fall significantly and predictably.
Reasoning: Jeremy identifies Pool Corporation as a potential new stock he is considering buying, describing it as a "very beaten down dog stock" that is currently on his radar.