LikeFolio Weekly Roundup

The market is closing out the week in the green after a busy earnings week: 

We, however, noticed a theme. When it comes time for these companies to REPORT earnings, the bar is incredibly high. 

Check out the chart below highlighting the S&P 500 entering into “overbought” territory: 

We’re two weeks into the second quarter earnings season and we’ve already picked up on this theme. Bearish plays have been winning more than bullish ones. Even companies with seemingly great reports (like Netflix) are being met with staunch sell-offs. 

Consider how the airlines fared in the past week – and Chipotle. 

The months of August and September are also historically (and recently) tough months for stock market performance. We are calibrating expectations accordingly. 

Members can expect some compelling bearish plays next week.

Andy talked about one of these bearish ideas this week on the Schwab Network – check out below:

Here’s an overview of the biggest news and largest movers in our portfolio through close on Thursday, July 24:

Infinite Hold Update 

Bitcoin: Bitcoin cooled off after hitting new highs last week, trading around $115K by Friday morning. Altcoin rotation picked up after Trump signed the Genius Act, giving stablecoins a legal framework and pushing capital into Ethereum, Solana, and XRP. Bitcoin dominance slipped, we aren’t worried. Why? We believe this drop reflects short-term speculation, not capital leaving the crypto ecosystem. All roads still lead to Bitcoin. Power law theory shows BTC tracking exponential network growth. Andy dove deep into the bullish Bitcoin tailwinds on this week’s Founder Call. 

If you missed it, watch here.

Tesla (TSLA):  Tesla shares sold off sharply after earnings, but we remain bullish. The stock dropped after reporting a 16% decline in net income and 12% revenue drop—on Thursday—yet Friday rallied ~5% as institutional buyers, including ARK Invest, scooped up shares. The rebound suggests traders are looking past near‑term headwinds and refocusing on autonomy and AI momentum.

What’s new: Tesla is preparing to launch its robotaxi pilot in the San Francisco Bay Area this weekend. An internal memo indicates select Tesla owners across San Francisco, Marin, the East Bay, and San Jose have been invited to participate. Rides will include a safety driver in the front seat until regulatory sign-off allows full autonomy. 

We see the expansion into San Francisco as a critical validation point for Tesla’s autonomy ambitions. Landon had a chance to check out full-self driving for himself this week:

Elon Musk has emphasized robotaxis and Optimus humanoids as its strategic future, despite near‑term softness in EV tax credit tailwinds and margin pressure.

What remains intact: the long-term roadmap is unchanged. Affordable EV models expected later this year, autonomous ride-hailing scaling into 2026, and growing AI-related business lines still offer upside well beyond vehicle manufacturing.

Taken together, the earnings miss reflects timing, not permanent structural decline. The Friday bounce and accelerated robotaxi rollout demonstrate that narrative leverage remains intact. We view this dip as a long-term buying setup.

Amazon (AMZN): 

Amazon traded flat most of the week but moved higher Friday alongside a broader tech rebound. We’re focused on the setup heading into earnings next Wednesday. Web visits remain positive, and LikeFolio data shows sustained consumer traction, particularly around Prime benefits and Buy with Prime adoption. 

AWS chatter picked up again this week as analysts preview upside in enterprise AI integrations. Ads also remain a strength, with brand budgets holding up into Q3. 

We’re watching for any commentary on tariffs, retail margins, or back-to-school trends. The bar is reasonable, and any upside surprise in AWS or ad growth could reset the narrative quickly.

Portfolio Update

Hims (HIMS): +13%

HIMS shares jumped this week after receiving a bullish upgrade tied to 2025 earnings growth and European expansion. The call projected 177.8% EPS growth year over year and flagged the integration of ZAVA, HIMS' June acquisition, as a key differentiator. ZAVA gives HIMS access to 1.3M active users and 2.3M annual consultations across the UK, France, Germany, and Ireland. The firm framed HIMS as uniquely positioned to deliver seamless digital care at global scale.

Traders should also remember – HIMS has high potential for volatility. Look what happened today, just prior to publish. Our long-term conviction remains unchanged. 

Oklo (OKLO): +8%

Oklo climbed this week after announcing two new partnerships. It joined forces with Liberty Energy to supply natural gas power to industrial clients while co-developing Aurora nuclear deployments. It also partnered with Vertiv to use Aurora’s thermal and electric output for data center cooling at pilot sites. Both deals align with Oklo’s roadmap for AI-aligned energy infrastructure. We remain bullish.

Dutch Bros (BROS): -9%

Dutch Bros (BROS) shares fell nearly 7% on Thursday after Barclays raised the price target from $82 to $84 and maintained an “Overweight” rating—but investors interpreted it as an indication the firm sees limited upside from current levels. In the wake of the upgrade, a simultaneous $300M equity offering was announced, sparking investor concern about dilution and the pace of expansion; both weighed on sentiment.

We remain bullish. 

Consumer interest remains robust – just look at the chart below:

Same-store sales continue to accelerate, store rollouts remain on track, and consumer engagement metrics hold firm. Next catalyst: Q2 earnings call on August 6

Marathon Digital (MARA): -11%

No major news from MARA – trading lower alongside Bitcoin dip.