LikeFolio Weekly Roundup

Consumer sentiment and inflation data appears to be improving, but a quickly developing Middle East conflict has introduced some uncertainty to end the week. 

University of Michigan survey data confirms consumer confidence is picking up steam. The preliminary sentiment reading jumped to 60.5 in June, well above expectations of 53.5 and the prior 52.2 print. 

That’s the biggest monthly gain in over a year and well above expectations of 53.6, though still below the peak levels seen in late 2024. 

If this trend holds, it could signal a stronger-than-expected consumer backdrop heading into the second half of the year.

CPI inflation came in cooler than expected for May, with headline prices rising 2.4% year over year versus forecasts for 2.5%. That’s a modest uptick from April’s 2.3% but still well below levels that would pressure the Fed to hold rates higher. Core CPI rose just 0.1% month over month and 2.8% annually, both below estimates. 

Tariff-sensitive categories like autos and apparel declined, and overall goods prices were flat. While shelter remains sticky, energy prices fell and food gains were modest. 

The data strengthens the case for a rate cut later this year, especially as early tariff effects remain muted.

Here’s an overview of the biggest news and largest movers in our portfolio in the last week through close on Thursday, June 12:

Infinite Hold Update 

Tesla (TSLA): Tesla officially unveiled its refreshed Model S and X lineup this week, delivering moderate updates focused on range, comfort, and design without any changes to hardware or performance. The biggest improvement comes in efficiency: the Model X Long Range now gets 352 miles per charge, up from 329. Other changes include a new bumper camera, updated wheels and colors, ambient lighting upgrades, and better noise isolation. Tesla also raised prices across all trims by $5,000, following a $5,000 hike earlier this year. 

While some buyers may have expected deeper innovation, it seems Tesla is leaning into quick design refreshes rather than full hardware cycles. That approach keeps production disruption low while supporting margin and ASP (average selling price) expansion, especially important as the company begins discounting pre-refresh inventory to clear stock. We’ll be watching whether the higher price tag sticks or if these models need incentives to move.

Data will be telling…

But perhaps more important to Tesla’s long-term goals is its roll out of its Robotaxi network in Austin.

Elon Musk said the first public rides are tentatively scheduled to begin June 22, with a driverless vehicle making a point-to-point trip from Tesla’s factory to a customer’s home on June 28. The fleet will be limited to 10 to 20 Model Ys running an unsupervised version of FSD, operating within a geofenced zone and monitored remotely. 

While early reaction has been politicized, with safety advocates planning protests ahead of launch, we remain extremely bullish as the next major growth driver for TSLA takes off.

Bitcoin: It seems major players in finance are catching on to Bitcoin’s allure. 

Earlier this week Coinbase (COIN) announced a new credit card in partnership with American Express (AXP), the Coinbase One Card, offering up to 4% back in Bitcoin on every purchase. This is a direct on-ramp for consumers looking to accumulate crypto through everyday spending – and a compelling sign that companies increasingly see Bitcoin as a consumer attractant.

Landon and I actually used Bitcoin to pay for lunch at one of our favorite restaurants this week!

We have the receipts – and you can watch for yourself on this week’s Founders Call.

Watch below in case you missed it. This stock is high on our watch list. 

Earnings aren’t until August, so we may see a nice entry between now and then. Members will be the first to know!

Amazon (AMZN): This week Amazon advanced early discussions about issuing a proprietary stablecoin in the U.S. to streamline payments and cut billions in merchant fees. Progress hinges on the Genius Act, a regulatory proposal that could pave the way for stablecoin adoption among major retailers. Investor concern over this potential shift pressured Visa and Mastercard shares on fears of negative impact on transaction revenue.

Portfolio Update

To cap off the week we are taking profits in a major winner and closing our position in Stride (LRN). 

We’ve locked in a +144% gain in just over a year – incredible! 

We’ve seen a bit of a pullback in the stock recently, and data looks good but not great. 

We’re opting to take the W and make room for the next +140-bagger. (If you won big on LRN let us know so we can celebrate!)

Oklo (OKLO): +28%

This week OKLO secured a Department of Defense contract to power Eielson Air Force Base in Alaska. 

Shares surged to a new all-time intraday high on Wednesday following the announcement, extending a recent rally fueled by Trump’s executive orders aimed at accelerating nuclear deployment for national security and AI infrastructure. Shares spiked on the announcement, but gave back some gains after a $400M share offering was announced. We view the raise as routine and maintain confidence in OKLO’s positioning as AI-driven energy demand scales rapidly.

Viant Technology (DSP): -9%

Lawmakers floated a potential ban on direct-to-consumer pharmaceutical ads this week, a notable ad category for digital and CTV platforms like Viant (DSP). While the headlines may have spooked some DSP investors, major peers like The Trade Desk (TTD) and Magnite (MGNI) saw no material impact. We’re monitoring the situation closely, but for now, reports remain speculative and no legislation has advanced.

Data remains solid: