LikeFolio Weekly Roundup

Inflation fears fizzled again this week. 

July’s Core PCE print — the measure the Fed watches most closely — came in exactly as expected at 2.9% year over year. 

This gauge carries weight because it captures a broader set of household costs than CPI, adjusts for how consumers switch between goods when prices change, and strips out food and energy volatility.

The takeaway is simple: no surprises. Inflation is stuck in the same range it has held for two years, and the predicted tariff shock remains elusive.  Durable goods prices eased, services shouldered the increase, and the “super core” measure, services ex-shelter, looks nearly identical to last summer.

Earnings this week confirmed that consumers are still spending, with strong reports from retailers like Abercrombie & Fitch (ANF) and Ulta Beauty (ULTA). But expectations remain high, and even good quarters can draw selling pressure (we’re looking at you, NVDA). That dynamic worked in our favor on ULTA, where traders who played earnings to the downside locked in gains as the stock slipped despite resilient demand.

In big news from our watchlist, Celsius (CELH) announced it is acquiring Rockstar. 

The deal expands its presence in energy drinks and brings another established brand under the Celsius umbrella. At the same time, PepsiCo (PEP) deepened its partnership, extending the distribution network that has powered Celsius’ rapid growth.

This move builds on the strategy Celsius set in motion earlier this year with its Alani Nu acquisition. Step by step, the company is assembling a portfolio designed for total energy domination, stacking brands and partnerships to secure more shelf space and capture more consumer demand. We covered the setup earlier this week. 

You can catch up here if you missed it.

Here’s an overview of the biggest news and largest movers in our portfolio through close on Thursday, August 28:

Infinite Hold Update 

Bitcoin: Bitcoin slipped this week after a massive whale dumped around 24,000 BTC—worth over $2.7 billion—in a flash crash that triggered $900 million in forced liquidations. At the same time, the break below technical support like the 100-day moving average added sell pressure and left traders cautious.

Our Take: near-term we expect a retest and potentially another break below 100k. Long term we continue to see all indications that our Bitcoin thesis is playing out perfectly -- institutional adoption, regulatory clarity, and dollar debasement all continue to accelerate. 

Bitcoin is "digital gold"... better than gold, and will be worth more than gold. At today's gold prices, that would mean over $1m/BTC

Tesla (TSLA): Tesla stock slipped modestly amid escalating legal drama: Elon Musk’s team is pushing to transfer his SEC case from D.C. to Austin, which could alter proceedings and investor sentiment. But the dip didn’t derail broader gains: TSLA remains up sharply over the past year, even if still down on the year. 

Autonomy also stole the spotlight this week. Nvidia’s latest call showcased its new Thor chip and growing fleet of automaker partnerships, implicitly boosting Tesla by signaling broader momentum in the AI‑driven self‑driving space.

Amazon (AMZN): Amazon scored a big streaming win this week as NBCUniversal agreed to bring Peacock Premium Plus into Prime Video Channels for the first time. 

Until now, Peacock required its own subscription and app. Now Prime members can sign up directly inside Amazon and immediately stream everything Peacock offers, from Sunday Night Football and Premier League soccer to the Olympics, local NBC stations, and offline downloads. The deal also extends Universal Pictures rentals on Prime Video, keeps Peacock integrated with Fire TV, and adds access through Comcast’s Xfinity boxes.

What are we most excited about? Amazon’s increasing exposure to live sports. With the NFL already in its corner, Amazon is using partnerships like Peacock to stack Premier League, Olympic coverage, and more inside its ecosystem. Live sports drives advertising dollars.

Portfolio Update

Dutch Bros (BROS): +13%

Dutch Bros shares jumped this week after analysts and institutions pointed to clear growth drivers: new store openings pushing past 1,000 locations, Dutch Rewards now capturing the majority of transactions, and menu innovation like seasonal Rebel energy drinks that keep traffic flowing. Redwood Investment’s new $1.3M stake added credibility to the bull case, showing that big money is backing the brand’s ability to scale nationally while holding customer loyalty in a crowded market.

Oklo (OKLO): +10%

Oklo added another stamp of validation this week as Bank of America initiated coverage with a bullish rating. Analysts highlighted the company’s advantage “powering the AI era,” citing its vertical integration and long-term power contracts with data centers, industrials, and government agencies. They set a Street-high target of $92, above the current analyst average of $80.

This is exactly the development we expected when we added OKLO to the portfolio. Our thesis from day one was that nuclear microreactors would be called on to solve the AI energy crunch, and the company’s ability to sign direct agreements with hyperscalers and other large users puts it in a rare position to benefit. With data center demand projected to nearly double by 2035, Oklo is now viewed by Wall Street as one of the clearest ways to play this surge.

The stock has now gained over 211% in the four months since our entry – incredible!