We have to make a BIG move NOW‼️
Summary
Jeremy discusses the current state of Jeremy's $5.1 million public portfolio, which experienced a six-figure decline due to significant drops in AMD and Meta. Jeremy argues that Nvidia's recently announced $235 billion share buyback program is a major strategic mistake. Jeremy believes Nvidia is buying back shares at the absolute peak of the cycle with unsustainable 60% net margins, and Jeremy predicts a significant chip industry slowdown in 2028. Jeremy suggests Nvidia should instead stack cash to prepare for the inevitable trough in the semiconductor cycle.
Jeremy states that the broader stock market is currently dictated by oil prices; if oil rises, treasury yields increase, which puts downward pressure on stocks. Jeremy notes that mortgage rates have hit 7.5% and could potentially reach 8%. Despite the NASDAQ being 'stuck' since May, Jeremy emphasizes that there is still a lot of money to be made by identifying generational buying opportunities in cyclical 'real world' stocks. Jeremy reveals that Jeremy bought four stocks today to take advantage of these discounts.
Mentioned Stocks
Reasoning: Jeremy calls Cheesecake Factory 'the goat' and notes it is one of the strongest stocks in the market right now, continuing to rise even when Jeremy's other major holdings are down.
Reasoning: Jeremy warns that Nvidia is conducting the largest buyback in history at the worst possible time—during a cyclical peak with unsustainable 60% net margins. Jeremy predicts a major chip industry slowdown in 2028 and argues that buying shares now is poor financial engineering compared to stacking cash for the downturn.
Reasoning: Jeremy expresses strong support for the $8.2 billion acquisition of World Labs, which focuses on spatial intelligence and 3D virtual worlds. Jeremy trusts CEO Lisa Sue's vision to build the business for the next decade and avoid being outflanked by Nvidia in future AI cycles.
Reasoning: Jeremy bought 100 shares of RH today for $12,253. Jeremy argues that this is a generational buying opportunity for a cyclical stock that could triple in value over the next 24 months if the housing market recovers in 2027-2028.
Reasoning: Jeremy purchased nearly $14,000 worth of Netflix today at roughly $692.00 (referenced as 6920 in transcript). Jeremy states the forward P/E is very attractive and believes the stock is a double to triple-up opportunity over the next 4-5 years.