Asymmetric Investing by Travis Hoium: Stock Picks & Accuracy

The YouTuber believes Hims & Hers is a 10x to 100x opportunity, positioning itself as the 'Netflix of healthcare' by aggregating demand and expanding its services beyond initial offerings like ED and weight loss. He highlights its strong market share in telehealth, rapid subscriber growth, and international expansion as key drivers. Despite current slowing revenue growth and margin pressure, he argues these are short-term, and the company's focus on growth over immediate profitability, coupled with a low valuation of 3.5x sales for a company with a 54% five-year CAGR, makes it an attractive investment.

“I think this is one of the best risk rewards on the market today.” — ▶ 10:00

The YouTuber's highest conviction pick is Hims and Hers, viewing it as a disruptive healthcare aggregator that provides a 'front door' to healthier living, expanding beyond its initial offerings into areas like GLP1s and longevity. He emphasizes its direct-to-consumer model, strong subscriber growth (projected 4-5 million by 2027), increasing revenue per user, and an attractive valuation at 3.5x sales for a company growing rapidly.

“This is my biggest holding. This is Hims and Hers. Hims and Hers is one company that I think is going to be a household name in the medical industry come five even 10 years from now.” — ▶ 09:15

The analyst believes Hims & Hers is making the right strategic moves by acquiring Eucalyptus, which significantly expands its international market and subscriber base. This acquisition, combined with recent partnerships with major pharmaceutical companies, is expected to drive substantial revenue growth (potentially 40-50% later in 2026) and solidify its position as a healthcare aggregator, despite short-term margin compression and increased debt.

“I think all of this is the right strategic moves. ... If we do see a growth rate of 40 50% which we probably will later this year with eucalyptus now on board that is going to be a big deal for the stock.” — ▶ 10:00

The YouTuber is bullish on Hims & Hers, believing the market is overlooking its potential inflection point. Despite recent growth deceleration, he expects revenue acceleration due to partnerships (Novo Nordisk, Eli Lilly) and new high-value offerings like GLP-1s, labs, and future peptides. He sees the company evolving beyond its initial focus to become a comprehensive healthcare aggregator, with increasing monthly revenue per subscriber and strong member growth.

“I think the market is really overlooking the potential inflection that we're seeing with him and hers going from a company where revenue is decelerating to even starting next quarter, but definitely by the end of the year, you're going to see that revenue start to accelerate.” — ▶ 9:40

The analyst expresses concern over Hims & Hers' increasing reliance on convertible debt offerings, which could lead to significant shareholder dilution if the stock price rises, or create a substantial cash repayment burden if it doesn't. He views the company's aggressive expansion strategy, funded by these debt raises, as increasing risk and creating a lot to prove regarding international expansion, AI investments, and margin improvement to generate sufficient free cash flow to cover future debt obligations.

“I'm not a huge fan of convertible debt offerings in general... I don't love having this debt on the balance sheet because if things don't go well, it can be a real hindrance to the business.” — ▶ 10:00

The analyst recommends Hims & Hers for its disruptive approach to healthcare, bypassing traditional doctor-pharmacy-insurance models with direct-to-consumer cash pay services. He highlights its 54% compound annual growth rate, positive free cash flow, and strategic acquisitions like Eucalyptus. The company's focus on expanding services beyond initial offerings (ED, hair loss) to GLP-1s and longevity, with a target of $6.5 billion in revenue by 2030, makes it a high-potential investment despite short-term volatility.

“I think this is one of those companies that's doing all the right things in healthcare. It's not going to be a straight ride up and down.” — ▶ 17:00

The YouTuber believes Hims & Hers is a long-term buy despite recent stock declines and short-term messy financials. He argues that the company's strategic shift towards branded GLP-1 products and proactive health services, combined with strong subscriber growth in weight loss and increased revenue guidance for 2026, indicates significant future growth potential. He emphasizes looking past current growth rates to management's guidance of 30%+ growth in the latter half of 2026, especially with the upcoming Eucalyptus acquisition.

“If you are a long-term investor, him and hers is doing the right things. But it's also understandable that the short-term numbers don't necessarily look all that great. We need to look past that.” — ▶ 10:00

The YouTuber maintains a long-term bullish stance on Hims & Hers, viewing the recent earnings report as an inflection point despite short-term profitability concerns. He believes the company's strategy to sacrifice current margins for faster growth, driven by new products like GLP1s and international expansion, will lead to significant long-term returns. The increased revenue guidance for the full year, even without potential peptide contributions, supports this view, suggesting a strong growth trajectory after a challenging first quarter.

“I think what investors need to think about is is this an inflection point and their guidance is indicating that this is an inflection point.” — ▶ 10:00

The YouTuber is bullish on Hims & Hers, stating it has transformed its business model from a pill dispensary to a comprehensive healthcare platform. He believes the introduction of labs, AI care agents, and a membership-based model will drive long-term customer engagement and revenue growth, moving beyond single-prescription sales to a sticky ecosystem that tracks and improves health over time. This strategic shift, combined with new product opportunities like peptides, is expected to create significant long-term value.

“This is no longer just a pill dispensary. It's now no longer a place that you maybe go to get hair loss treatments or ED pills. It is an entire healthcare platform.” — ▶ 00:14

The YouTuber believes Hims and Hers is a strong growth and value stock. He cites the resolution of a lawsuit with Novo Nordisk, the addition of branded GLP-1 products, and the introduction of weight loss memberships as catalysts for renewed growth. The company's low enterprise value to sales multiple of three, despite historical revenue growth of 64.5%, suggests significant upside potential if growth rates pick up as expected.

“I think this is one of the best growth and value stocks out there today. The enterprise value to sales multiple is just three right now for a company that over the past 3 years has grown revenue at 64.5%.” — ▶ 5:00

The analyst is bullish on Hims & Hers, viewing its partnership with Eli Lilly and the expansion into GLP-1 products as a significant step in its transition to a platform company. He believes the shift towards a membership-based profitability model, similar to Costco, will align incentives with consumers and drive substantial long-term growth, despite current high P/E ratios.

“I love what they're doing right now. And I think the way to look at him and hers is that like much more like a platform.” — ▶ 10:00

The YouTuber is highly bullish on Hims & Hers, believing it has the potential to become a trillion-dollar company within 10-20 years. He argues that Hims & Hers is positioned to disrupt the healthcare industry by controlling demand and lowering costs, similar to how 'smiling curve' winners like Netflix and Amazon have dominated their respective markets. The company's growing subscriber base, subscription model, and incentive to reduce healthcare costs are cited as key drivers for its long-term growth and potential for a much higher valuation multiple.

“It may sound crazy to say that Hims and Hers could be a trillion dollar company a decade or two from now, but this is the front door to healthcare in the US and around the world.” — ▶ 00:00

The YouTuber argues that Hims & Hers is strategically shifting from a compounding company to an 'operating system' or platform for healthcare, leveraging AI to offer more personalized and accessible care. This move, combined with potential partnerships and subscriber growth, could lead to significant long-term value and a 10x potential for the stock. The AI integration aims to augment clinicians and provide concierge-level care, making it a central hub for healthcare questions.

“If Hims and Hers becomes the aggregator in the market, if they're the app that you click on when you have healthcare questions, that's ultimately going to be the biggest point of value. After the acquisitions of Zavva and Eucalyptus, they're going to have between 4 and 5 million in subscribers. They can continue growing that number, and this becomes the biggest healthcare subscription app in the world. That's how you get 10x potential in Hims and Hers stock.” — ▶ Watch clip

Travis Hoium recommends Hims & Hers as a contrarian bet, highlighting its disruptive role in healthcare as an aggregator. He notes strong revenue growth, increasing subscriber numbers, and rising revenue per subscriber due to higher-value treatments like GLP1s. The company's low enterprise value to sales ratio (2x) for a 65% historical growth rate, with expected 20% growth this year, presents an attractive risk-reward profile, especially as the stock drops.

“Hims and hers is the disruptive company in healthcare. I think the risk-reward is absolutely phenomenal. So, as the market drops, Hims and Hurst stock is a high volatility stock. Drops even if their numbers are getting better, that's going to be a better and better buying opportunity the lower the price goes.” — ▶ 10:00

The YouTuber argues that Hims & Hers' launch of official GLP-1 products (Wegovy pill and pen) and a new subscription model significantly de-risks the company and could drive substantial revenue growth. He believes the current valuation is cheap given the potential for increased average revenue per subscriber and a re-acceleration of growth beyond current analyst expectations, especially as they build out the membership value.

“This, I think, could be a company that blows out those numbers. And that's where this valuation is going to look extremely cheap.” — ▶ 08:00

The YouTuber believes Hims & Hers is a buy due to its new deal with Novo Nordisk to offer GLP-1 weight loss medications, which is expected to re-accelerate revenue and subscriber growth. He highlights the direct-to-consumer, cash-pay model as a differentiator and anticipates increased average revenue per user. The company's acquisition of a peptide facility also suggests future growth drivers.

“If everything goes well, this is going to reacelerate him and hers growth. It's going to bring more products onto the platform.” — ▶ 07:00

The analyst believes Hims & Hers is a strong buy due to the resolution of litigation risk with Novo Nordisk and the FDA's positive stance on their agreement. This partnership allows Hims & Hers to offer branded GLP-1s at competitive prices, potentially driving significant subscriber growth and revenue. The long-term thesis is that Hims & Hers is a platform company that can provide low-cost, accessible medical treatments, including future peptide offerings and partnerships with other pharmaceutical companies like Eli Lilly.

“I think this is unabashedly positive for Hims and hers. In fact, I don't know what the bare thesis is at this point because the litigation risk is now gone.” — ▶ 00:30

The YouTuber believes Hims & Hers is a strong long-term buy, citing the recent news of a partnership with Novo Nordisk as a significant catalyst. He argues that the economic incentives always pointed to collaboration between the two companies, and this deal will allow Hims & Hers to expand its platform by offering branded weight loss drugs, potentially leading to massive revenue growth and market share gains. He also highlights the company's potential to become a comprehensive healthcare platform that prioritizes cost-effectiveness for consumers.

“This is one of the biggest positions in the asymmetric portfolio. So, I'm giving all my insights and research on why I like this company, why I think this is a 10x, maybe even 100x potential long term.” — ▶ 2:00

The YouTuber believes Hims & Hers is a disruptive force in healthcare, offering personalized, on-demand, low-cost, and convenient solutions that traditional providers cannot match. He highlights six key disruptive factors: reduced friction, price discovery, widening knowledge corpus, constant data feed, no insurance involvement, and significant scale potential. Despite recent guidance disappointment, the company is still growing, trades at a low 1.7x sales, and has potential for 10x to 100x returns over the next 10-20 years.

“Hims and hers, one of my biggest positions and one of the companies that I think has 10x, if not even much higher potential over the next 10 years.” — ▶ 2:00

The analyst is holding Hims & Hers due to its compelling valuation (1.7x EV/Sales, 28.8x forward P/E) and potential for long-term growth, despite recent noise in earnings related to GLP-1 compounding and revenue recognition changes. He believes the underlying core growth rate is a solid 25-35% and that the company is now positive operating cash flow, which provides flexibility for acquisitions and navigating legal risks. If management can address current challenges, the long-term outlook is bright.

“That's why I remain invested in him and hers. I'll be doing my monthly buys at the beginning of March. So, not sure if I'm going to be buying his and hers yet, but I'm still holding on to this stock because the valuation is just so compelling.” — ▶ 15:00

The YouTuber believes Hims & Hers' acquisition of Eucalyptus, despite increasing balance sheet risk, significantly expands its international footprint and subscriber base. This strategy aims to make Hims & Hers a global aggregator in healthcare, increasing its platform power and long-term asymmetric upside potential, provided the integration and growth materialize as planned.

“I think it increases the upside potential. Definitely also increases that risk at all.” — ▶ Watch clip

The YouTuber views Hims & Hers as a disruptive company pushing the envelope in healthcare by offering compounded GLP-1 products at lower prices, despite legal challenges from larger pharmaceutical companies like Novo Nordisk. He believes that while risky, the company's strategy of leveraging existing compounding laws and aiming for mass market access could lead to significant long-term upside, similar to early disruptive companies like Tesla and Uber.

“This is why asymmetric investing works. It's not necessarily comfortable when these stocks are going down, but when these companies are swinging for the fences and trying to disrupt an existing industry like the medical and pharmaceutical industry, that's exactly what I want to see.” — ▶ 16:00

The analyst views the recent stock drop as a buying opportunity for Hims & Hers, arguing that the company's strategy of offering compounded, personalized GLP-1s at a lower price point is disruptive. Despite legal challenges from Novo Nordisk, Hims & Hers may be operating within FDA rules by using a different technology for oral absorption, and their incentive structure aligns with lowering prices to reach more patients.

“Ultimately, I think this is a phenomenal buying opportunity for his and hers because this is the one company that is looking at this very disruptively.” — ▶ Watch clip

The YouTuber believes Hims & Hers is a disruptive medical platform, not just a pill dispensary. The recent launch of multi-cancer early detection testing expands its addressable market significantly and differentiates it from competitors by offering comprehensive healthcare solutions at scale. He sees the company building a long-term platform that will know more about its users' health than traditional doctors, and views its current $6.8 billion market cap as undervalued given this future potential.

“My long-term thesis around him and hers is that this is a disruptive medical platform company. It's not just a pill dispensary like a lot of these other telealth companies.” — ▶ 00:00

The YouTuber recommends buying Hims & Hers due to its disruptive business model in healthcare, operating outside the traditional insurance ecosystem, which allows for lower costs and a more integrated patient experience. He highlights strong revenue growth (71% over 3 years), improving operating margins, and a low enterprise value to sales multiple (3.3) compared to high-growth peers, suggesting significant upside potential as the company expands its services like lab testing and peptide offerings.

“Longterm, we want to just be accumulating stocks like this at these kind of attractive prices.” — ▶ 02:00

The YouTuber believes Hims & Hers is a strong buy due to its current low valuation of 3.3 times sales, despite recent stock drops related to GLP-1 competition. He argues that the market is misreading the company's long-term growth potential, especially with upcoming catalysts like longevity products, peptide facilities, and its evolving platform strategy to become a healthcare aggregator with personalized solutions and vertical integration.

“But if you take a step back, I think this is actually one of the best buying opportunities that we have had in years with him and hers.” — ▶ 00:00:30

The YouTuber believes Hims & Hers is a disruptive healthcare platform with significant long-term growth potential, despite recent short-term concerns about revenue growth and GLP-1 impact. He argues the company is undervalued given its high growth rate and potential to become a trillion-dollar company by aggregating healthcare services and leveraging AI, comparing its current valuation favorably to slower-growing peers. He sees the recent stock discount as a buying opportunity.

“That's why I see the recent discount in shares is a great buying opportunity. I'm continually adding shares to the asymmetric portfolio.” — ▶ 17:00

The YouTuber is investing in Hims & Hers because he believes it will benefit from the disruption in healthcare caused by AI, specifically ChatGPT Health. He notes that Hims & Hers can prescribe products, has invested in AI, and is expanding into longevity and wellness, making it well-positioned to integrate with and leverage new AI capabilities for more in-depth medical services.

“One I mentioned earlier is Hims and Hers. They are a company that can prescribe products. They're adding more modalities. They're moving into longevity. Health and wellness is really a big piece of their future.” — ▶ Watch clip

The YouTuber believes Hims and Hers has 10x potential due to its disruption of the healthcare industry by cutting out middlemen and going direct to consumer. The company shows strong revenue growth and increasing profitability, driven by subscriber growth and expansion into new specialties like testosterone, perimenopause, and labs. Despite short-term challenges from GLP1s, its low enterprise value to sales multiple of four suggests significant upside from revenue, margin, and multiple expansion.

“with an enterprise value under $9 billion, an enterprise value to sales multiple of just four, I think there is a ton of potential for not only revenue growth, margin expansion, but also multiple expansion for him and hers.” — ▶ 4:00

The YouTuber believes Hims & Hers is an undervalued stock disrupting the healthcare industry. He highlights their strategy of vertical integration through acquisitions, such as in-house lab testing and peptide facilities, which allows them to offer more cost-effective and convenient solutions to subscribers. He argues that as their subscriber base grows, Hims & Hers will gain significant power in negotiating with suppliers, similar to how streaming services disrupted traditional media, potentially leading to substantial long-term growth.

“I think Hims and Hers is the kind of company that can do it.” — ▶ 10:00

The analyst views Hims & Hers' introduction of lab testing as a significant opportunity to expand into new verticals like peptides and longevity, potentially transforming the company into a healthcare disruptor. This move is expected to increase subscriber engagement, average order value, and customer lifetime value, driving substantial long-term growth. The recent stock price drop is seen as a buying opportunity.

“A lot to learn in the fourth quarter, but given the recent drop in the stock, this is definitely one of the buying opportunities I'm looking at right now.” — ▶ 10:00

The YouTuber views Hims & Hers as a strong buy, especially after its recent stock drop, seeing it as a healthcare platform with 100x potential over 10-20 years. He emphasizes its 70.7% 3-year CAGR and low EV/Sales of 4, arguing that the company is disrupting traditional healthcare by expanding into new services like longevity and at-home testing, moving beyond GLP-1s and initial offerings.

“I think this company doesn't just have 10x potential over the next 10 years. I think this has 100x potential over the next 10 to 20 years.” — ▶ 13:40

The analyst believes Hims and Hers has 10x, potentially even 100x, potential due to its aggressive growth rate and undervalued enterprise value to sales multiple compared to its peers. The company is disrupting healthcare by aggregating demand for medical solutions, expanding its service offerings, and growing its subscriber base. Despite recent revenue fluctuations due to GLP-1 supply changes, the long-term strategy of becoming a comprehensive healthcare platform, similar to Netflix for entertainment, presents a massive market opportunity.

“I think this stock is really underappreciated. Over the next few quarters, we're going to get much more clarity on what the weight loss business and GLP ones are going to look like. What is that steadystate growth rate? Look, if that is a steady state growth rate of 30 40%, that is phenomenal over the course of decades.” — ▶ 19:00

The YouTuber is very bullish on Hims & Hers, citing strong revenue growth driven by new product launches like testosterone and menopause solutions, which are expanding their market beyond GLP-1s. He also expects significant margin expansion as the company matures, leading to improved profitability. Despite recent stock performance, he believes the valuation remains attractive, especially considering the potential for multiple expansion as growth continues, and notes a high short interest could fuel a short squeeze.

“I just wanted to explain exactly what's going on short-term and why this is continues to be one of the stocks that I am most bullish on long-term.” — ▶ 00:14

The analyst believes Hims & Hers is a strong long-term buy due to its expanding product lines, particularly the new menopause and perimenopause offerings, which are expected to drive significant revenue growth for the Hers app. He argues the market misunderstands the company's growth potential, citing an 89% growth rate and a relatively low enterprise value to sales multiple of 6.5, suggesting room for both revenue growth and multiple expansion.

“Still think the stock isn't all that expensive once we look at the numbers. As I mentioned that 89% growth rate, but look at this enterprise value to sales just 6 and a half right now.” — ▶ Watch clip

The YouTuber believes Hims & Hers is a strong buy due to its continued expansion into new specialties like testosterone treatment, which could drive subscriber growth and revenue per subscriber. He argues that the company is disrupting the healthcare market by owning demand and is currently trading at a reasonable valuation of 60 times trailing earnings and five times sales, considering its high growth potential.

“This is still a very very high growth company trading at I think a pretty reasonable valuation if they're going to continue to be able to disrupt the healthcare market.” — ▶ 7:00

The analyst believes Hims & Hers is a buy due to recent legal developments reducing risk, specifically the dismissal of a lawsuit against a similar company, which suggests less legal threat to HIMS's GLP1 compounding business. He argues the stock's current price-to-sales multiple of 5.3 is too low for a company growing revenue in excess of 50% annually, suggesting significant multiple expansion potential. Additionally, new product launches like testosterone and longevity treatments are expected to drive further growth.

“This is not a stock that should be trading for five times sales. This is a stock that should be trading at at probably in excess of 10 times sales based on the market today, maybe even higher than that.” — ▶ 06:00

The YouTuber believes Hims & Hers still has 10x potential over the next decade, projecting a $100 billion market cap. He highlights the company's strong financial growth, reasonable valuation compared to other high-growth companies, and disruptive business model focused on expanding healthcare specialties, personalized solutions, and a potential membership model. He notes that recent stock pullbacks make the valuation more attractive, and he would add more if the price drops further.

“If we get down into the 30s, I'm definitely going to be adding some more to the portfolio.” — ▶ 20:00

The YouTuber maintains a long-term hold on Hims and Hers, acknowledging a disappointing short-term earnings report due to slowing growth and flat subscriber numbers, partly impacted by changes in GLP-1 sales. However, he believes the long-term strategy to disrupt healthcare through a membership-based platform, new product offerings (hormones, menopause), strategic hires, and international expansion remains intact. He sees the current valuation as reasonable given the potential for future growth, despite the recent quarter's performance.

“I still like the long-term future, not a phenomenal quarter, so wouldn't be surprised to see the stock pull back, but I'm certainly not a seller here.” — ▶ 15:00

Travis Hoium believes Hims & Hers is well-positioned to aggregate demand in the healthcare market, similar to how Amazon or Netflix aggregated demand in their respective sectors. He argues that while pharmaceutical companies like Novo Nordisk struggle with direct-to-consumer models and patent cliffs, Hims & Hers offers a broad range of solutions and multiple supply options, attracting millions of subscribers. This dynamic shift in the market favors companies that can aggregate demand over those that solely control supply.

“I think his and hers is going to be the aggregator of demand for a lot of our healthcare answers.” — ▶ 3:00

The YouTuber is holding Hims and Hers, highlighting its over 100% annual growth rate and a current valuation of six times sales. He believes continued fundamental improvement will lead to stock appreciation through both growth and multiple expansion.

“Their most recent quarter, they're growing at over 100% per year. It's hard to grow any company at 100% per year, but this is a publicly traded company still trading for just six times sales and it's growing that fast.” — ▶ 4:25

The YouTuber maintains a high conviction in Hims & Hers due to its strong growth rate (77.2% 3-year growth, over 100% in the most recent quarter) and increasing average monthly revenue per user ($84). He emphasizes that customers are actively choosing to interact with the platform, indicating high engagement and value, which he sees as a key indicator of a successful digital business.

“The best way to find great businesses in a digital world in an online environment is look for who customers are choosing to interact with. You can see that there are over 2 million people and growing choosing to interact with him and hers.” — ▶ 8:00

The YouTuber maintains a long-term bullish stance on Hims & Hers, viewing the termination of the Novo Nordisk partnership as a 'bump in the road' rather than a fundamental threat. He argues that Hims & Hers is building a powerful aggregation platform in healthcare, similar to Netflix in media, which will ultimately give it leverage over pharmaceutical suppliers. The company's growth is diversified beyond GLP-1s, with strong performance in other segments and significant investments in AI and other solutions.

“This may actually be closer to a buying opportunity than it is a panic opportunity. ... I am not selling anything today.” — ▶ 4:00

The YouTuber believes Hims & Hers has significant growth potential, targeting $500 per share by 2030, due to its disruptive platform and aggregation model in the massive healthcare market. He highlights strong revenue growth, potential for margin expansion, and a currently undervalued price-to-sales multiple compared to other high-growth companies, suggesting significant multiple expansion is possible.

“I think $500 per share is possible by 2030. These kind of stocks don't come along very often. But when you consider how big an industry him and hers is trying to disrupt, the numbers get really big really quickly.” — ▶ 00:30

The YouTuber believes Hims & Hers has 10x potential over the next decade due to its compounding growth, expanding product offerings beyond its initial focus (like ED and hair loss) into areas like GLP-1s and menopause, and its ability to attract and retain subscribers. He highlights its strong subscriber growth (56% CAGR) and increasing monthly revenue per subscriber, along with management's commitment to expanding operating margins, making it a profitable growth company.

“I think this still has 10x potential over the next decade. And the biggest reason is the compounding that's going on in the business.” — ▶ 3:00

The YouTuber is bullish on Hims & Hers due to its recent strategic acquisition of Zava, expanding its market into Europe and leveraging its direct-to-consumer model. He highlights the company's strong revenue growth (86% TTM) with more slowly growing SG&A expenses, leading to margin expansion. Despite a high forward P/E, he believes the rapid growth and international expansion justify the valuation, increasing the total addressable market significantly.

“Love everything that's going on with Hims and Hers right now. A stock that I a stock that I've been acquiring for over a year now and will likely to continue to buy more in the near future.” — ▶ 10:00

The YouTuber is buying Hims and Hers due to its long-term strategy of becoming a comprehensive healthcare platform, expanding beyond just pharmaceutical products to include fitness and nutrition plans. Despite a recent parabolic rise and short squeeze, the company is growing in triple digits, has a reasonable enterprise value to sales multiple under eight, and is expanding margins, positioning it to aggregate demand in the massive healthcare market.

“This is a company that's only has a market cap right now of about $14 billion. You're talking about a pharmaceutical market. It's worth about $500 billion in the US alone, but they are expanding internationally.” — ▶ 4:00

The YouTuber is bullish on Hims & Hers due to its recent $470 million convertible notes offering, which provides significant capital for global expansion, AI investment, and potential acquisitions. He believes this strategic move positions the company to become a dominant healthcare aggregator, similar to Uber's strategy in ride-sharing, by leveraging AI for personalized treatments and expanding its direct-to-consumer infrastructure.

“I think that is the opportunity for him and hers. That's why this is such a big capital raise. That's why I think this is really notable for investors. This makes the upside even bigger. So I love the move for him and hers and it'll be really exciting to see what they do over the next few years.” — ▶ Watch clip

The YouTuber is bullish on Hims & Hers, viewing it as a disruptive force in healthcare by aggregating demand, similar to Netflix or Amazon. He believes the company's strategy of focusing on direct-to-consumer cash pay, rather than integrating with insurance, positions it to drive down costs and improve consumer experience, leading to significant long-term growth and market power.

“I think his and hers has massive potential.” — ▶ 01:00

The YouTuber is bullish on Hims & Hers for the long term, viewing it as a platform company disrupting healthcare with a better solution for customers. Despite some investor disappointment with revenue guidance not increasing for 2025, the company reported phenomenal Q1 results, increased adjusted EBITDA guidance, and has a clear growth strategy including expanding product lines and subscriber base. The current valuation of 6.1 times sales is considered reasonable for a growth company, especially given its potential to exceed management's conservative 2030 growth projections.

“I like what I'm seeing from his and hers. Wouldn't be surprised to see shares be volatile over the next couple of weeks. But this is a stock I'm happy to accumulate if the stock drops because I think 5, 10, 15 years from now, this is the kind of company that I want to buy and hold because they are disrupting the traditional healthcare ecosystem and they're doing it with a better solution.” — ▶ 10:00

Hoium suggests Hims and Hers is an underestimated buy, citing its high revenue growth (95% CAGR since 2018, 90% expected in Q1 2025) and increasing operating margins. He believes the company has significant opportunities for expansion into new healthcare areas and is already a successful position in his portfolio.

“I think the tailwinds behind him and hers are just going to be phenomenal over the next couple of decades. This is already one of the biggest positions in the asymmetric portfolio.” — ▶ 10:40

Travis Hoium believes Hims and Hers is an undervalued stock with 10x potential, citing its disruptive platform model in healthcare, recent partnership with Novo Nordisk reducing regulatory risk, and strong growth trajectory. He highlights its low price-to-sales multiple of 4.3 despite 90% revenue growth and expanding operating margins, expecting continued growth and increased profitability as it attracts more pharmaceutical partners and expands its product offerings beyond GLP-1s.

“This is an extremely undervalued stock. This is a chart that shows the price to salsales multiple for him and hers. You can see that that price to sales multiple just 4.3. There are not a lot of companies out there that are trading for a 4.3 price to sales multiple and growing revenue 90%.” — ▶ 10:00

The analyst is highly bullish on Hims and Hers, viewing its current price as a steal after a 60% drawdown, despite still being up 87% over the past year. He highlights its attractive enterprise value to sales multiple of 3.7 for a company growing revenue at over 90%, expanding into new markets like menopause, and projecting significant operating margin improvement to over 10%.

“Getting it at under $30 per share is going to look like a steal in the future because of this short-term dislocation in the market so Hims and Hers continues to be one of the stocks that I am most bullish on long-term but you got to ride out that volatility.” — ▶ 16:00

The analyst believes Hims & Hers stock is too cheap to pass up, citing its current valuation at 5.4x enterprise value to sales, which is lower than many slower-growing pharmaceutical competitors. He highlights the company's rapid revenue growth (69% last year, 56-63% projected for 2025) and increasing profitability, with positive net income and free cash flow, and expected operating margin expansion. Despite concerns about GLP-1s, the core business outside of weight loss is robust and growing.

“I think at the end of the day, this is a very compelling valuation for a company that's disrupting a lot of pieces of the healthcare value chain. ... given the current price, yes, I think this is absolutely too good to pass up.” — ▶ 10:00

The analyst believes Hims & Hers is a strong long-term buy despite recent volatility and the discontinuation of their compounded GLP-1 products and the Apostrophe dermatology brand. He argues that the company is strategically consolidating its platform, showing strong revenue growth projections (56-63% in H2 2025) even without GLP-1s, and is undervalued with an enterprise value of 5 compared to its growth rate.

“if you have a 5 10 20 year time Horizon I think heson hers is very well positioned and actually a pretty cheap stocks” — ▶ 2:00

The YouTuber is bullish on Hims & Hers due to its high growth rate (95% in Q4), expansion beyond GLP-1s into a broader healthcare platform, and increasing profitability. Management expects 56-63% growth for 2025 and improving margins. The stock is considered relatively cheap with a forward price-to-sales multiple under four for a company growing over 50%.

“I think there's a ton of upside potential absolutely going to be a volatile year for him and hers but I think this is one of those stocks that could absolutely Skyrocket” — ▶ 10:00

The YouTuber is buying Hims & Hers shares, leaning into the current market uncertainty surrounding the future of GLP-1s and the end of a shortage that previously boosted sales. He believes the company has a very bright future, citing consistent revenue growth, management's expectation for 1-3 percentage points of operating profit improvement annually, and its presence in a massive market.

“I'm leaning into that uncertainty buying shares when the market is most uncertain about the future because I don't need to predict what's going to happen next quarter or even this year I'm thinking about what is this business going to look like 5 10 20 years from now and I think there's a very bright future ahead.” — ▶ Watch clip

The analyst believes Hims & Hers is a long-term growth story, expanding its platform beyond GLP-1s into new areas like menopause and leveraging AI and vertical integration. Despite current market volatility and a post-earnings dip, the company is growing rapidly (95% revenue growth, 40%+ excluding GLP-1s), becoming profitable, and showing increasing operating leverage. The current valuation, with a forward EV/Sales multiple of 5.4, is considered reasonable for its growth trajectory. He would add to his position if the stock price drops significantly into the $30s or $20s.

“if shares do come down significantly last time I bought share was was in the low 40s but if that stock price comes down into the 30s or even the 20s that's when I would be extremely interested in adding to my position” — ▶ 10:00

The YouTuber, who owns Hims & Hers, advises holding the stock despite a short-term dip due to the semaglutide shortage resolution. He believes the company's long-term strategy of becoming a platform for personalized healthcare, evidenced by recent acquisitions of a peptide facility and an at-home lab testing facility, positions it for significant growth over the next 5-10 years, outweighing current market reactions.

“I think you just need to take a long-term view do you think this is going to be a powerful comp and a solidly positioned strategic company 10 years from now if so this is a phenomenal stock to hold.” — ▶ 12:00

The YouTuber is holding Hims & Hers, which is his largest portfolio position, due to its strong growth and strategic acquisitions that expand its platform capabilities beyond just product sales. He highlights the company's transition into a comprehensive telehealth provider, its increasing profitability, and a valuation that, despite recent gains, is considered reasonable given its high growth rate and disruptive potential in the healthcare sector.

“I think the future for hims and hers is bright I'm going to continue writing this I don't know if I'm going to be buying shares at this price but I will let subscribers know because that comes out at the beginning of each month so beginning of March I'll let everybody know what I'm buying buying in the asymmetric portfolio but I love what I'm seeing from hims and hers from operational perspective” — ▶ Watch clip

The analyst is holding Hims & Hers for the long term, viewing it as a platform business with strong subscriber growth (40% year-over-year excluding GLP-1s) and a re-rating by the market. He believes the company is not overly expensive compared to peers, despite recent gains, and is now profitable with positive free cash flow. He acknowledges potential short-term volatility but sees long-term potential.

“I'm certainly not selling at this point but I'm probably a little less likely to buy and at least until we get a little bit more data so what am I looking for going into the quarter this is fundamentally the most important thing I'm an investor who's likely go who's likely going to hold shares of hims and hers for many many years potentially even decades that's the kind of Outlook that I want to have on the company” — ▶ 10:00

The analyst is willing to add to his Hims & Hers position on pullbacks, citing its strong growth (even excluding GLP-1s), profitability, and positive free cash flow. He believes the market is re-rating the stock as a growth company, making its valuation attractive on dips, especially given its lower price-to-sales multiple compared to other high-growth stocks.

“This is a company I'm likely be adding to over the over a long period of time especially on any pullbacks” — ▶ 12:40

The YouTuber argues that Hims & Hers is a highly disruptive business, as evidenced by the strong pushback from traditional pharmaceutical companies and pharmacies against its Super Bowl ad. He highlights the company's rapid revenue growth (90% expected in Q4), increasing profitability, and its strategy of cutting out the insurance industry to lower costs and increase access, which he believes will drive long-term success. The company's ability to disrupt the entire healthcare supply chain, including owning its own compounding pharmacies and changing patient-doctor relationships, makes it an attractive investment.

“if the pharmaceutical Industries if pharmacies themselves if trade associations are terrified of hims and hers gaining more business and more traction in the market that shows you exactly how disruptive this business is is if when the establishment fights back like this I think this is where you want to be investing” — ▶ 00:00:30

The YouTuber believes Hims & Hers is a '10x stock' due to its disruption of the pharmacy business and its platform approach to healthcare, which he argues is misunderstood by the market. He highlights its strong compound annual growth rate, profitability, expanding product lineup (e.g., menopause products, AI solutions), and a reasonable valuation with a forward Enterprise Value to sales multiple of 3.4, despite recent price appreciation. He acknowledges the uncertainty around GLP-1 products but views the company as a broader digital healthcare platform.

“The stock I'm talking about is Hims and Hers, they are disrupting the pharmacy business and I think this company has 10, 20, 30-year runway of massive growth.” — ▶ 2:00

The analyst believes Hims & Hers is a strong long-term buy, especially on pullbacks, due to its phenomenal growth rates (70% in Q3, 90% guided for Q4), profitability, and increasing subscriber base. He argues that the current valuation of 5.5 times sales is reasonable for a company growing at nearly 100%, and sees significant operating leverage potential as operating margins improve from 3.7% towards a long-term target of 20-30%. The company's holistic approach to health, beyond just GP1s, positions it as a platform business with strong future prospects.

“any sort of major pullbacks or something that I'm going to be buying as an investor as an asymmetric investor It's always important to think about that long-term am I worried about this company becoming too expensive today for what I'm going to be getting 5 to 10 years from now absolutely not” — ▶ Watch clip

The YouTuber is bullish on Hims & Hers due to its platform business model disrupting traditional pharmacy, vertical integration allowing in-house production of compounded GLP-1s, and strong subscriber growth with increasing average order value. The company is expanding into new specialties and is now profitable, with a reasonable valuation for its high growth rate in a large market.

“I think there's a ton of potential for this company to be disruptive longterm that's why I love him and hers right now.” — ▶ 5:00

The YouTuber is staying long on Hims & Hers, citing accelerating revenue growth (77% last quarter, 90% projected next quarter) and recent profitability. He believes the stock was undervalued at 2-3 times sales and that the current multiple of 4.5 times sales could expand further to 6-10 times given the growth rate and operating leverage. Additionally, the potential appointment of a new FDA Chief with ties to a similar telehealth company involved in compounded GLP-1s could create a more favorable regulatory environment for Hims & Hers.

“I'm definitely staying long hims and hers I think there's a lot of potential with the company and until we see real fundamental business changes I think there's a lot to like about the stock as well.” — ▶ 10:00

Travis Hoium views Hims & Hers' expansion into meal replacement bars and shakes as a strategic move that leverages its platform approach to weight loss, rather than just being a pharmaceutical company. He believes this low-risk ancillary product can enhance subscriber numbers, increase spending per subscriber, and improve retention by offering a more comprehensive, customized solution beyond GLP-1s, potentially taking the business to the next level if it integrates data from wearables.

“I tend to think that this is probably a good line extension and expansion of the capabilities of the platform where that data would show up is in an increased number of subscribers more spending per subscriber and then a higher retention rate.” — ▶ 10:00

The analyst believes Hims & Hers will successfully fend off competition from Amazon due to its specialized business model focusing on personalized healthcare solutions, unlike Amazon's broad, less specialized approach. He argues that while Amazon might capture basic telehealth, Hims & Hers' ability to offer customized treatments and build long-term customer relationships will drive continued strong growth, despite potential moderation from previous high rates.

“I think the growth rate is so strong today it's worth being bullish on the company.” — ▶ 10:00

Travis Hoium argues that despite Hims & Hers' significant stock appreciation, it remains a buy due to its attractive valuation (3.9x EV/Sales), strong projected growth (52% over next two years), and improving profitability with operating leverage. He believes the market misunderstands the company's platform model, which is not solely reliant on GLP-1s, and highlights its personalized services, high subscriber growth outside GLP-1s, and strong retention rates as key drivers for future expansion.

“even after this hot run for hims and hers is there still value left in the stock I think there is especially if you take a long-term view of this company” — ▶ 00:40

The YouTuber is bullish on Hims & Hers, emphasizing its strong growth (77% in Q3, 90% guided for Q4) and recent net income profitability. They argue that the company's growth is not solely dependent on GLP-1 weight loss products, as 40% of subscriber growth is unrelated to them. The platform's digital-first approach offers a more personalized and accessible healthcare solution compared to traditional systems, with potential for significant expansion beyond current categories.

“I love a company growing at 77% 90% based on their guidance for the fourth quarter and I think that growth will continue Shares are up tremendously but I think there's a still a long Runway ahead if you're a long-term investor this is this is another one that I added recently I'm looking to add more if there's any sort of pullback.” — ▶ 15:00

Travis Hoium is very bullish on Hims & Hers, citing its phenomenal growth (77% revenue increase, 44% subscriber growth even excluding GLP-1s) and strong profitability (net income of $75.6 million). He believes the company is not on a customer acquisition treadmill due to an 85% long-term retention rate and is successfully building a platform that offers personalized, lower-cost healthcare solutions, disrupting the traditional doctor-pharmacy model. The company's ability to expand into new specialties, offer diverse form factors, and achieve mass-market pricing through efficiency are key drivers for future growth and operating leverage.

“I think this is a phenomenal growth story for the next 10 to 15 years.” — ▶ 2:00

Travis Hoium maintains a bullish stance on Hims & Hers, arguing that the recent stock drop due to potential GLP-1 shortage endings does not fundamentally break the long-term investment thesis. He believes the company's core platform business, which disrupts traditional healthcare and pharmacy models, will continue to drive growth in other segments like hair loss and ED, making it an attractive long-term investment.

“I still continue to think about him and hers as a platform business this is a business that's disrupting the traditional relationship between a doctor and patient and also pharmacies that's a very old stagy business and in a world where him and hers is going to continue to grow you're going to have more availability to get what you want when you want it in a much more convenient way I think that's what you're ultimately investing in with him and hers and that thesis is not broken in any way by anything that happens with gp1s” — ▶ 7:00

Travis Hoium views the recent 11% stock drop in Hims & Hers as a buying opportunity, arguing that the market is overreacting to news regarding GLP-1 compounding. He believes the weight loss business, while growing, is a relatively small portion of the company's overall revenue and that Hims & Hers' platform model is disruptive to traditional healthcare, making it an attractive long-term investment.

“when the stock pulls back on news like this that's when I'm starting to see it as a buying opportuni is a stock that I've been adding in 2024 and I'll definitely look to do that if it pulls back even more based on this glp1 news” — ▶ 10:00

The YouTuber is bullish on Hims & Hers, arguing that the market overemphasizes GLP-1 drug news, which represents a small portion of the company's revenue. He believes Hims & Hers is a disruptive platform business with strong long-term growth potential, evidenced by its 75% compound annual revenue growth, increasing user engagement, and recent profitability. He highlights the company's ability to find solutions in the weight loss market and its attractive valuation metrics like an Enterprise Value to Sales multiple of 4.4.

“hopefully that's helpful in laying out exactly why I'm bullish on this company” — ▶ 10:00

The analyst believes Hims & Hers is building a valuable healthcare platform, evidenced by strong subscriber growth (62.5% CAGR) and increasing average order value (21.8%). He argues that the focus on GLP-1s is noise, as the company's core growth is driven by its platform strategy and ability to acquire and retain customers. The company is also net income positive and trades at a reasonable price-to-sales multiple of 3.7, with a strong balance sheet holding significant cash and no long-term debt.

“That's why I own shares that's why I'm looking to add more on any sort of weakness because any company that's growing in excess of 40 % you can get it for a under four price to sales multiple that's a pretty good value especially when margins are on the rise.” — ▶ 10:00

The YouTuber argues that the market's negative reaction to news about GLP-1 drug shortages ending is overblown for Hims & Hers. He explains that the specific drug that came off shortage is not what Hims & Hers currently compounds, and the weight loss segment, while growing, represents a relatively small portion of the company's overall revenue. He believes the company's broader platform and personalization strategy are more important long-term drivers.

“if the market wants to sell off a stock like this that's great I would love to buy more shares of hims and hers at a lower price but I don't think that this current R ruling is all that big a deal” — ▶ 12:00

The analyst is bullish on Hims & Hers due to its strategic acquisition of a 503b facility, which allows for in-house manufacturing, lower costs, and increased margins. This vertical integration expands their product offerings beyond GLP-1s to include hormone therapy and other treatments, building a personalized healthcare platform that attracts a growing customer base. The analyst believes this strategy will drive long-term returns despite short-term stock volatility.

“I think at the end of the day him and hers is basically building a platform they want customers to be able to go there for their medical needs and then as they learn more about those customers they're going to be able to offer more product and actually combine some of those into single treatments.” — ▶ 2:00

Travis Hoium views Hims & Hers as a strong buying opportunity, especially on dips, due to its phenomenal Q2 2024 earnings report. The company demonstrated 52% revenue growth, achieved net income, and generated significant free cash flow. He highlights its attractive valuation at under four times sales despite 50%+ growth, strong gross margins, and improving marketing efficiency, along with strategic moves like acquiring a compounding facility and increasing personalized offerings.

“any dips I'm definitely looking at as a buying opportunity in hims and hers because I think the numbers just look absolutely phenomenal it's not often you come across a company that's trading for only four times sales and yet sales are growing at 50% plus” — ▶ 10:00

The YouTuber views the recent short report as an opportunity to add to his position, arguing that while the report highlights valid criticisms, Hims & Hers' disruptive business model in healthcare is fundamentally sound. He believes the company can address these issues and that the pushback from the traditional medical industry validates its disruptive potential, making it a long-term buy.

“I'm potentially looking to add more over the next couple of months given the a much more attractive price for H and her stock than it was just a couple of weeks ago.” — ▶ 2:00

Travis Hoium is bullish on Hims & Hers, believing it has 10x potential over the next decade. He argues the company is disrupting the traditional pharmacy model by offering cost-effective, personalized treatments for various conditions, leveraging generic products and an online platform. The company is nearing net income positive, has a 78% CAGR in revenue, and is expanding into large addressable markets like GLP-1s, indicating strong growth and high-margin potential.

“one of the companies that I think has 10x potential over the next decade or so is hims and hers this is the online pharmacy company really changing the way that we interact with a lot of pretty common treatments and drugs” — ▶ 00:00

The YouTuber, previously skeptical, is now intrigued by Hims & Hers due to its entry into the GLP-1 weight loss market, which significantly expands its total addressable market. He believes the company's direct-to-consumer model allows it to offer competitive pricing, disrupt the traditional healthcare system, and achieve operating leverage, leading to increased profitability and long-term growth potential.

“I'm much more intrigued in the stock today than I was just a couple of days ago. Have not bought shares yet but could potentially in the future.” — ▶ 10:00

The analyst recommends buying Lyft due to its compelling valuation, trading at 7x forward earnings and 5x free cash flow, with $550 million in net cash. He highlights its mid-teens growth, improving margins, and strong free cash flow generation. Additionally, Lyft's strategic partnerships in autonomous vehicles and potential as an acquisition target for larger tech companies provide significant optionality.

“My top stock to buy in July is a company trading for seven times forward earnings estimate, growing in the mid-teens, and trades for a little over five times free cash flow they're expected to generate over the past year. The company that I'm talking about is Lyft.” — ▶ 00:00

The YouTuber suggests Lyft as a value play, noting its focus primarily on the rides business and its attractive valuation with a forward P/E of 7 and price to free cash flow of 5. He believes it offers potential for multiple expansion and complements Uber in a basket approach to the ride-sharing industry.

“Love the value play for Lyft. But I own both of these in a basket in the Ace Metro portfolio because I think owning both of them just gives you exposure to both the leader in the industry which is Uber and the value play which could have multiple expansion as a tailwind for you with Lyft.” — ▶ 08:40

The analyst suggests buying Lyft as a basket play with Uber, highlighting its similar growth trajectory and strategy in the ride-sharing market. Despite slightly lower growth than Uber, Lyft's valuation is considered very attractive with a forward P/E of 9.6 and a price to free cash flow of 5. He anticipates significant market expansion for both companies with the advent of autonomous vehicles, which the market currently undervalues.

“The valuation I think is just too good to pass up. forward price to earnings multiple 9.6 forward price to free cash flow is five.” — ▶ 7:40

The YouTuber sees Lyft as a value stock with potential to become a growth stock, especially if it drops below $12. He argues that the increasing supply of autonomous vehicles will expand the ride-sharing market, benefiting Lyft. The company's low valuation metrics, such as an enterprise value to sales of 0.8 and a price to free cash flow of five, suggest the market is underestimating its future potential.

“If it goes below $12 per share, I want to get an alert here because I think that'd be a phenomenal buy point.” — ▶ 6:20

Hoium suggests Lyft as a compounding value stock, highlighting its strong revenue growth (38% CAGR since 2016) and positive free cash flow, despite not being as profitable as Uber. He emphasizes its extremely low valuation, with an enterprise value to sales of 0.7 and a price to free cash flow of 4.6 (trailing) or 6.1 (forward), making it too cheap to ignore. He also speculates on a potential acquisition by a company like Amazon, which would benefit from Lyft's network for autonomous vehicle deployment.

“But their valuation is just too cheap to pass up. Enterprise value to sales is .7. If we go back to Uber, the enterprise value to sales is 2.8. So, Lyft is a great value compared to Uber.” — ▶ 32:00

The analyst argues that Lyft, alongside Uber, will be a winner in the autonomous vehicle space. As autonomous driving becomes commoditized with multiple suppliers, it will lead to increased supply and reduced costs, which in turn will boost demand for ride-sharing platforms like Lyft.

“The two companies that are going to win in the autonomous vehicle market is Uber and Lyft. They're the companies that have the riders.” — ▶ 6:00

The analyst believes Lyft is an incredible value stock with growth, trading at just one time sales and 6.9 times free cash flow. Despite a recent post-earnings stock drop, the company is growing in the teens, has positive free cash flow, and is executing a $1 billion share repurchase program. Its strategy for autonomous vehicles also positions it for long-term growth in a potentially trillion-dollar market.

“I think that's a phenomenal valuation given the potential upside that we have with autonomous vehicles. I think Lyft is in a phenomenal position to grow the market.” — ▶ 08:00

The YouTuber is buying Lyft shares, seeing it as a strong investment in the future of autonomy due to its role as a demand aggregator for ride-sharing. He notes Lyft's attractive valuation at 1.1 times sales and believes that companies like Lyft will naturally be where consumers go for autonomous rides, similar to how they use it for human-driven rides today.

“I own shares of Uber and Lyft because I think those are really good values from investments. Lyft trades for just 1.1 times sales.” — ▶ 00:08:00

The YouTuber sees Lyft as a strong buy with 10x potential, despite being smaller than Uber, due to its significantly lower valuation (1.2x sales vs. Uber's 3-4x). Lyft has demonstrated steady revenue growth and has become free cash flow positive, using cash for buybacks. The primary 10x opportunity lies in its early leadership and partnerships in autonomous vehicle technology, which could lead to substantial multiple expansion from its current low valuation.

“The stock is extremely cheap. Just 7.7 times free cash flow, 1.2 times sales. Like I said, they're buying back stock, making acquisitions. I think this is the kind of company that can continue to compound that revenue growth, expand their margins, and that tailwind from multiple expansion is not something that investors should be overlooking.” — ▶ 8:00

The analyst sees Lyft as a long-term winner in the autonomous vehicle market, benefiting from its demand aggregation strategy and attractive valuation. Despite being the number two player, its forward P/E of 15 and P/FCF of 7, combined with share buybacks and improving operating metrics, make it a compelling value play.

“I'm more than happy to buy more shares because I think these are ultimately going to be the long-term winners.” — ▶ Watch clip

The analyst believes Lyft is an overlooked stock with 10x potential due to its low valuation compared to Uber, improving operating margins, and significant free cash flow. The primary long-term catalyst is its strategic positioning in autonomous vehicles, aiming to be the central platform for riders, which could expand the market and increase market share. The company's Flex Drive business and European acquisitions also support this autonomous strategy.

“I think this is absolutely a 10x opportunity over the next 10 years.” — ▶ 07:00

The analyst believes Lyft is undervalued compared to Uber, trading at a 1.2x enterprise value to sales multiple versus Uber's 4x. He argues Lyft will be a key demand aggregator in the autonomous vehicle future, expanding its market geographically and increasing supply with autonomous vehicles. The company has improved its take rate, achieved positive net income and free cash flow, and has a strong balance sheet with significant net cash.

“I think there's a lot of growth potential for a couple of reasons. I'll get to their operations in just a second. But look at this enterprise value to sales multiple of 1.2. Uber trading for more like four times sales. So, that's a lot of multiple expansion that we could see from Lyft.” — ▶ 02:00

The YouTuber believes Lyft is undervalued, trading at 1.3 times sales and an 18 forward P/E, which is reasonable for a growing company. He highlights its strong revenue growth (18% CAGR), positive net income, and solid balance sheet with over a billion in net cash. The long-term bullish case is tied to the market realizing its potential as an aggregator of demand in the autonomous vehicle space.

“When you look at the valuation for Lyft, see the market cap of $9.2 billion. Really, that's about $8.2 billion in enterprise value because got a solid balance sheet, solid growth company, I think a really fair price.” — ▶ 2:00

The YouTuber owns Lyft shares and believes the company is undervalued, trading at a lower sales multiple than competitors like Uber and DoorDash. He sees significant growth potential from its strategy to become an aggregator of autonomous vehicle supply, which he believes will 10x the ride-sharing market. The recent partnership launch with May Mobility in Atlanta is cited as a positive step towards this future.

“That's where I think you really have 10x asymmetric opportunity for Lyft in the future. And this is still a pretty good value stock. It's trading for a little bit over times over one time sales whereas Uber trading for about four times sales.” — ▶ 1:00

The analyst believes Lyft is significantly undervalued, trading at a low forward P/E of 12.7 and P/FCF of 8.6, with a strong balance sheet and net cash. The company is growing revenue at double-digits, is profitable, and has significant long-term growth potential through autonomous driving partnerships and fleet management, particularly with its Free Now acquisition in Europe.

“I think this is one of my top stocks for 2025. It is now beating the market, 19% to about 10%. But look at what's happened over the past 6 months. Shares are up 28%. The market's sentiment around Lyft is really starting to turn, and that's because the business continues to do really well, and the stock is very, very undervalued.” — ▶ Watch clip

The analyst is buying Lyft due to its strong balance sheet with significant net cash, attractive valuation compared to Uber (EV/Sales of 1, P/E of 13.5, P/FCF of 7.2), and consistent double-digit revenue and rider growth. He believes the company is well-positioned for the transition to autonomous vehicles, especially with its Flex Drive subsidiary, which could provide a significant competitive advantage and 10x upside potential.

“All of this makes Lyft a perfect asymmetric investing stock. There is limited downside in the stock. At worst, I could lose what I invest in the stock, but I think there's a lot of downside protection just given that solid balance sheet. But the upside potential if they are successful in building out their autonomous fleet and being very aggressive with that is easily 10x if not even more than that.” — ▶ 13:00

The analyst sees Lyft as a prime investment opportunity due to the expected growth in autonomous vehicles. He argues that autonomous technology will increase the supply of rides and potentially lower costs, making ride-sharing more accessible and expanding the market. Lyft, as a leading aggregator, is expected to capture this growth.

“I continue to think that one of the investing opportunity that's hiding in plain sight is just simply the ride sharing apps. Uber and Lyft are two of the stocks that I own because I think as autonomous vehicles proliferate, we're going to see dozens of operators and it's going to basically commoditize supply for rides.” — ▶ 10:00

The YouTuber recommends Lyft, noting its positive free cash flow generation and a recently announced large buyback program. He also highlights that it trades at approximately a quarter of Uber's valuation, suggesting it's undervalued.

“Lyft is generating positive free cash flow, just announced a huge buyback program, and they're trading for about a quarter of the price of Uber.” — ▶ 10:18

The analyst is buying Lyft due to its current undervaluation compared to Uber (0.9x EV/Sales vs. 4x for Uber) and strong operating trends, including 15% CAGR in gross bookings and increasing active riders. He sees significant long-term upside from its strategic positioning in autonomous transportation through partnerships with May Mobility and Mobileye, which could lead to market share gains and a 10x return.

“I love the value and the growth opportunity at Lyft. So the look at look for that one to be a leader in the asymmetric portfolio long term.” — ▶ 12:00

The YouTuber is bullish on Lyft, not for its current ride-sharing business where it's number two to Uber, but for its potential in the future of autonomy. He argues that Lyft, being a smaller business, is better positioned to transition to a fully autonomous fleet, which could drastically increase supply and customer satisfaction, leading to significant market share gains and multiple expansion. He also notes its low valuation compared to Uber and a new buyback program.

“I think that's where Lyft ultimately has the advantage. And look, the upside is just too good to ignore. Lift's market cap, as I'm recording, even after the recent pop in shares, is about $7 billion.” — ▶ 14:40

The analyst is highly bullish on Lyft, citing its current valuation at six times free cash flow as extremely cheap, even after a recent earnings beat. He believes the company has significant upside potential from growth opportunities, particularly in international expansion and autonomous driving, which could expand its total addressable market. Additionally, Lyft's consistent profitability, strong free cash flow generation, and an aggressive share buyback program are seen as key tailwinds.

“I think that look, Lifttock is a great value. There's relatively little downside from a valuation perspective and all the upside is in the growth of the business, the growth in autonomy, the potential market share gains that they could have if they increase supply with autonomous vehicles and then of course margin and multiple expansion.” — ▶ 03:00

The analyst owns Lyft, anticipating that autonomous vehicles will dramatically increase its addressable market. Autonomy is expected to alleviate supply constraints and enhance pricing strategies, creating substantial tailwinds for the company over the coming decade.

“I own both of those stocks in part because I think autonomy makes their addressable market at least 10 times bigger, if not more than that.” — ▶ 7:25

The analyst believes Lyft's recent acquisition of Free Now in Europe, though small, is a strategic low-risk move positioning the company for the future of autonomous ride-sharing. He argues that Lyft, as the smaller player compared to Uber, can more easily pivot to a fully autonomous fleet model, potentially gaining a cost and supply advantage. This acquisition helps them build relationships with fleet operators, which will be crucial in an autonomous world.

“I think this is the kind of asymmetric potential that we want to see from Lyft.” — ▶ 3:00

Travis Hoium argues that Lyft stock is poised to outperform the market significantly over the next 5-10 years due to its attractive valuation (11x forward P/E, 0.7 EV/Sales) and strong growth potential. He highlights the company's improving margins, positive free cash flow, and strategic positioning in the autonomous driving sector through its Flex Drive business and platform-focused partnership model, which could lead to substantial market expansion and share gains.

“I think lift stock can beat the market by a wide margin over the next 5 to 10 years and this really comes down to a combination of a great valuation for this company and also growth potential not only from the core business but also the company moving into autonomy.” — ▶ 00:00

Travis Hoium recommends buying Lyft, citing its strong strategic position in the transition to autonomous driving, where it can leverage partnerships with automakers and its existing platform to connect supply and demand. He also highlights its current valuation at 12 times forward earnings, positive free cash flow, a strong balance sheet with a significant cash position, and a $500 million share buyback program, suggesting it's a value stock with significant long-term growth potential in an expanding autonomous market.

“I think lift is a really good value stock today and the asymmetric potential is they get this right in autonomy and they're able to build a 10x 100x more valuable business than what they have today.” — ▶ 12:00

The analyst is bullish on Lyft due to its underappreciated potential in AI and autonomy, contrasting it with Uber's higher valuation. He believes Lyft is well-positioned to transition to an autonomous future more easily than Uber, leveraging partnerships for self-driving technology, financing, and fleet management. The current valuation of 8 times sales and 12 times next year's earnings estimates presents a good value for a company with significant growth potential.

“Lyft could have a really phenomenal future using artificial intelligence and in particular autonomy... investors are getting a pretty good value at about 8 times sales and Lyft only trades for 12 times next year's earnings estimates.” — ▶ 00:20

The YouTuber is excited about Lyft due to its attractive valuation compared to Uber, trading at a much lower price-to-sales multiple. The company is now profitable and generating positive free cash flow, with improving metrics. He also highlights its strategic partnerships in autonomous driving with Mobileye and May Mobility, which could give it a strong position in the future ride-sharing market.

“Lyft is the smaller competitor to Uber but it's trading at a much much more attractive valuation about a fourth of the price to sales multiple the company is now also profitable and generating positive free cash flow.” — ▶ 2:00

The analyst has been buying Lyft recently, citing its much more compelling valuation compared to DoorDash, with a forward Enterprise Value to Sales of 0.8 and a forward P/E of 13.4. He also notes Lyft's stock buyback program and compelling partnerships in autonomy as positive factors.

“Now you compare that to lift and this is a company that I have been buying recently Enterprise Value to sales is 0.9 forward Enterprise Value to sales is 08 so much much cheaper on Enterprise Value to sales and then even price to earnings not a lot of earnings in the past so that's another high number but on a forward basis lifts priced earnings multiple is just 13.4 so the valuation is much more compelling” — ▶ Watch clip

The analyst views Lyft as an attractive investment due to its current low valuation (P/FCF under 10, forward EV/Sales 0.9, P/E 13) and a $500 million share buyback program. He believes the company is moving in the right direction towards profitability and has significant long-term asymmetric potential from its push into autonomous driving, which could lower costs and expand its market. Despite recent market disappointment with guidance, the core business is growing double digits.

“I recently added shares of lift if shares stay where they are now I will likely add that over coming months in the asymmetric portfolio but I think there was ultimately a lot to like from left this quarter continues momentum in the right direction but the upside the real asymmetric potential comes with autonomy.” — ▶ 10:00

The YouTuber has added Lyft to his portfolio, viewing it as a smaller company with potentially more upside from autonomy compared to Uber. He sees ride-sharing as a valuable sector if autonomous technology becomes commoditized, and considers Lyft as part of a 'basket' investment in autonomy.

“I've actually added lift to my portfolio because it's a little bit smaller potentially more upside from autonomy they could potentially disrupt their own business a little bit easier than Uber could.” — ▶ 10:20

The analyst views Lyft as a contrarian buy, noting its attractive valuation with an Enterprise Value to sales multiple of 0.9 and its recent achievement of free cash flow positivity. He believes autonomous driving partnerships, particularly with Mobileye and Volkswagen, will be a game-changer by increasing supply, lowering costs, and leveling the playing field with Uber, offering significant upside potential.

“I think autonomy really changes the game for lft the problem Lyft has always had in the ride sharing business is they didn't have as much Supply as Uber and if you don't have as much Supply you're not going to be able to attract demand.” — ▶ Watch clip

The analyst is bullish on Lyft, seeing it as a key beneficiary of the autonomous driving trend in 2025. He argues that autonomous vehicles could significantly expand the ride-sharing market, potentially by tenfold, and that Lyft could gain market share by deploying thousands of autonomous vehicles, leveling the playing field with Uber. He suggests Lyft has '10x, maybe 100x potential' if it can compete more effectively with Uber in an autonomous world.

“Lyft is the one that has maybe even more than 10x maybe 100x potential if they're able to compete on More Level footing with Uber and get the Tailwind from this Market being much bigger in autonomy” — ▶ 6:50

The YouTuber sees Lyft as having significant asymmetric potential due to its smaller size and more desperate position compared to Uber. This could allow Lyft to more aggressively transition to fully autonomous fleets in specific markets, potentially leading to a 10x or 100x return on investment given its current market cap.

“Lyft has a much easier path towards fully autonomous vehicles because they have a much smaller business they're much more desperate company” — ▶ 08:40

The analyst is watching Lyft, noting its smaller market cap ($6.4 billion) compared to Uber, which could allow it more flexibility to experiment with business models and potentially become a better partner for autonomous driving companies. He suggests Lyft could go all-in on autonomous vehicles and leverage its existing user base to boost partnerships.

“the other one to keep an eye on is Lyft Lyft has a market cap of just 6.4 billion dollars so they're a distant second place behind Uber when it comes to ride sharing but that means that they can play around with different business models they can be potentially a better partner for these autonomous driving companies” — ▶ 8:40

The YouTuber notes that David Tepper acquired a new position in Lyft, interpreting this as a value judgment where Tepper believes Lyft is undervalued compared to Uber. He sees Lyft as a 'beaten up' company with a sustainable business, despite its position as the number two in ride-sharing.

“Lyft is clearly the number two company in ride sharing even though that's not a great position to be long term so again looking at those kind of value positions from Tepper.” — ▶ 4:30

The YouTuber is bullish on SoFi, citing its strong revenue and net income growth, particularly in financial services, and its disruptive digital-first banking model with a lower cost structure. He notes its attractive valuation at 25x forward P/E and 2x price-to-book, believing it deserves a premium due to its high-margin, high-growth potential.

“I like everything that I'm seeing from SoFi and the valuation right now is pretty attractive as well.” — ▶ 04:50

The YouTuber is bullish on SoFi due to its digital-first banking model, which offers superior economics compared to traditional banks. The new 'SoFi Coach' product is seen as a significant disruptor to financial advisory services, helping to drive increased member engagement and product adoption within SoFi's ecosystem, ultimately leading to higher revenue opportunities. The company's strong member growth and potential for cross-selling multiple products are key drivers.

“The reason I've been bullish on SoFi over the past couple of years is it's a digital first bank and that allows the company to do things completely differently than most banks.” — ▶ 00:00:05

The YouTuber recommends SoFi, viewing it as a company changing finance with its digital bank model. He highlights its strong customer acquisition, improving net income, and rapid growth in members (35% CAGR) and products (36% CAGR). He argues that its price-to-book value of two is justified by its digital nature and lower cost structure compared to traditional banks, and sees future tailwinds from innovative solutions like blockchain and stablecoins.

“If we want to think about the future of finance I think SoFi is going to be right there.” — ▶ 20:40

The analyst views SoFi as a long-term buy, emphasizing its impressive member growth (over 30% in the past year) and increasing product adoption. He highlights the rapid expansion of its financial services segment, which now generates $1.5 billion in revenue, and believes its technology-driven model justifies a premium valuation compared to traditional banks.

“I think the reason this is going to trade at a premium is because it's much more of a technology company.” — ▶ 15:50

The analyst is bullish on SoFi, citing its strong revenue growth (40% in Q1), improving margins, and significant operating leverage as it transitions from net losses to projected profits. Despite short-term market headwinds and a lack of raised guidance, the current valuation at 1.8 times book value and a 2026 P/E of 26, combined with continued customer acquisition and expansion into traditional banking products like home loans, makes it an attractive long-term investment.

“This is one of the stocks that I hold. And this is a stock that's on my short list to be buying in May.” — ▶ 2:00

The analyst owns SoFi due to its digital-first platform and operating leverage. He is closely watching the upcoming earnings for signs of consistent growth and margin expansion in its technology platform segment, and continued momentum in its financial services segment, which has shown strong growth.

“The real advantage that SoFi and Robin Hood both have is that they are digital first platforms to grow. They don't need to build a new bank branch. They don't need to hire a whole bunch of people. They got a ton of operating leverage in the business. This is why I own both of these stocks.” — ▶ 11:30

The YouTuber plans to add to his SoFi position, citing the CEO's recent open-market purchase of shares after a short report as a strong signal of confidence. He also notes that Muddy Waters' own disclaimer indicated they did not believe SoFi was a 'zero' and intended to cover their short quickly, suggesting the report was not a fundamental indictment. The YouTuber is bullish on SoFi's long-term growth, particularly its financial services and fee-based business.

“This is a stock that I do own and given the recent discount in shares, I think it's one that I'm probably going to add more of in 2026 because it's one of those high growth stocks and it's not the loan business that's growing the business. It's the financial services business. It's the feebased business. That's what is growing the most at SoFi. That's what I'm bullish on on long-term.” — ▶ Watch clip

The analyst recommends buying SoFi due to its attractive valuation, trading 43% below its 52-week high, and strong user growth with a 55% CAGR in members. He highlights the operating leverage kicking in, particularly in the financial services segment, which is growing at 116% CAGR, making it a fast-growing banking stock.

“That's why this is a stock. I think it's worth doubling down on now that we have a nice discount over where the stock was trading even just a few months ago.” — ▶ Watch clip

The YouTuber suggests SoFi stock is a buy, noting that CEO Anthony Noto's recent $1 million open market purchase, while not a massive bet for him, is still a positive signal. He highlights SoFi's improved profitability, revenue growth, and operating leverage, arguing that the recent 43% pullback makes the valuation compelling despite a higher price-to-book than competitors.

“This is a stock that I own and the pullback in shares recently down 43% from their high is starting to look like a really good discount for investors.” — ▶ Watch clip

The analyst believes SoFi is a great buy today for investors with a long time horizon, citing its digital-first banking model which reduces costs and drives operating leverage. He highlights strong growth in financial services and contribution profit, and finds the current valuation attractive with a forward P/E of 29 for a company growing at 30%.

“Yes, I think so is a great buy today if you have a long enough time horizon.” — ▶ 10:00

The analyst is interested in buying more SoFi stock if its price drops below $20 per share, citing the company's strong Q4 results, significant revenue and member growth, increasing fee-based revenue, and positive guidance for 2026, including expected 30% revenue growth and 72% net income growth. He believes the market is not fully crediting SoFi's disruptive potential in finance.

“But if if we start to see it go under $20 per share, even under something like $15 per share, that would be a phenomenal buying opportunity, I think, for SoFi.” — ▶ 9:00

The YouTuber holds SoFi, noting its significant return over the past year. He highlights its strong growth in financial services, including traditional banking fees, credit cards, and loan origination. He attributes its success to revenue growth, margin expansion, and multiple expansion, which are key drivers for his asymmetric investing strategy.

“These have been massive drivers for the portfolio partly because of their revenue growth, but also because of their multiple expansion.” — ▶ 8:50

Hoium sees SoFi as a similar disruptive opportunity to Robinhood, being a digital-first platform aiming to challenge traditional banking. He notes its expansion into various products like cryptocurrencies and its potential to disrupt the payment industry. The company's digital model allows for operating leverage by avoiding the infrastructure costs of traditional banks, which he believes will drive significant long-term returns.

“Another company that I covered at a very similar time was SoFi. A similar story. Digital first platform. trying to disrupt the traditional banking industry.” — ▶ Watch clip

The YouTuber is holding SoFi Technologies, which he previously bought when it was undervalued. He highlights its transformation into a comprehensive financial platform, offering various services from loans to crypto, and sees significant future growth potential. While acknowledging its increased valuation, he plans to add opportunistically if the stock experiences a pullback.

“That was always the thesis behind SoFi is that you're going to SoFi for all your financial needs. Whether you need a loan, a mortgage, whether you're investing in stocks, now they're moving into things like cryptocurrencies and payments, trying to disrupt that space.” — ▶ 06:30

The YouTuber, a long-term investor in SoFi, is holding his shares due to strong member and product growth, increased guidance, and the company's shift towards a fee-based, tech-centric business model. He highlights the phenomenal revenue growth in financial services and the strategy of aggregating demand through the SoFi app, despite acknowledging the stock's high valuation.

“I don't know if I'm a buyer of shares here $30 per share is pretty expensive and my cost basis is much lower but absolutely letting this ride because this is one of the phenomenal companies in technology today really disrupting that banking space and a lot of growth runway ahead.” — ▶ 9:00

The analyst, who owns SoFi stock, is considering trimming his position because the shares have run up significantly, and a lot of future growth appears to be priced in. While the company has met growth expectations, the current valuation seems high.

“shares have run so far over the past year or so that this is actually a stock that I own. I'm considering trimming a little bit because shares are a little bit hot and it seems like a lot of growth is really priced in for SoFi” — ▶ 6:00

The analyst is bullish on SoFi due to three main catalysts: the growth and de-risking of its lending business through platform deals, continued high-margin growth in financial services, and its early adoption of blockchain technology for financial transactions. He believes these factors will drive future growth and profitability.

“So there are three reasons that I think SoFi still has a ton of momentum ahead. This comes down to the power in their lending business, continued growth in financial services, and the disruption that will come from crypto and stable coins.” — ▶ 00:20

The YouTuber states that SoFi's recent earnings report showed strong performance, with continued growth in its financial services business and increased guidance for 2025. He notes the company is leveraging technology to make its lending business less risky and is exploring new areas like blockchain and stablecoins. While acknowledging it's not a value stock at its current market cap, he would consider adding more shares if the stock price drops.

“I thought these were really solid results. And if the stock does drop, it is one I would like to add a little bit more of.” — ▶ 1:00

The YouTuber believes SoFi is well-positioned to become a significant player in the crypto and blockchain space, similar to Robinhood, by integrating blockchain technology into its core financial services like borrowing, investing, payments, and savings. This strategic move could give SoFi a competitive advantage over traditional banks and lead to more efficient operations and new revenue streams. The CEO's repeated mentions of crypto and blockchain in recent earnings calls highlight this strategic shift.

“So, I think this is actually really exciting news for SoFi. didn't get a lot of attention in the first quarter conference call, but the fact that Anthony Notto mentioned crypto and blockchain multiple times, I think is really notable.” — ▶ 10:00

The YouTuber is holding SoFi long-term, noting that the company is executing as expected by shifting towards a fee-based model and taking less risk in its lending business. He highlights strong growth in financial services and fee-based revenue, which he believes will eventually lead to a higher market multiple. While acknowledging the stock is still overvalued by traditional banking metrics, he sees it as a tech platform.

“But this is a stock that I'm holding on to long term.” — ▶ 07:00

The analyst believes SoFi is misunderstood by the market, transitioning from a bank to an asset-light platform company. He highlights strong member and product growth, increasing profitability in lending and financial services, and strategic investments in brand building. The move to an asset-light model could lead to a higher valuation akin to a technology company.

“So is a company that I think is still really misunderstood by the market. A lot of investors think this is a bank. This is much more of a platform company and they're really showing that over the past couple of quarters with some other agreements, but high level $14.5 billion market cap. Price to earnings multiple is only about 33, but this is a solid growth company.” — ▶ 3:00

Travis Hoium argues that SoFi's new $5 billion loan deal with Fortress and Edge Focus is transformational, shifting the company from a capital-intensive bank to a fee-based technology platform. This move offloads loan risk from SoFi's balance sheet, allowing for uncapped growth and higher-margin financial services revenue, which should increase its valuation multiple. He believes the current valuation is reasonable given this growth potential.

“As a long-term investor in SoFi, I want to see more of these kinds of agreements in 2025. And with the momentum that we have, I think that's going to be the case.” — ▶ 10:00

The analyst believes SoFi has 10x potential over the next decade due to its evolving lending business model, which reduces balance sheet risk by originating loans for other entities. The technology and financial services segments offer scalable, high-growth opportunities with significant operating leverage. Despite a high P/E ratio of 30, the company's nearly 30% annual growth rate and increasing margins justify the valuation, especially given its digital-first, lower-cost structure compared to traditional banks.

“I absolutely think it could. I think the fact that they're taking less risk with these changes to the loan business, the basically unbounded growth and the digital advantages that they have in the technology side and financial services, these are things that they're going to be lean leaning into over the next decade.” — ▶ Watch clip

The YouTuber believes Sofi is a misunderstood company, operating more like a technology business than a traditional bank. It scales by originating loans and selling them to investors, allowing for growth without capital limitations. Sofi also has a growing technology business white-labeling digital banking solutions and a high-growth financial services segment, all contributing to its potential.

“Sofi is able to provide that through their loan platform whether that's personal loans or student loans or mortgages they're basically able originate those loans get a fee for that origination and then offload that risk to those investors and then they can continue growing the business in that way.” — ▶ 5:00

The analyst is buying Sofi due to its digital-first business model, which offers significant operating leverage and scalability compared to traditional banks. He believes the company has the potential to 10x its size over the next decade, justifying its current valuation despite high P/E and P/B ratios. He also highlights the growth in its lending, technology platform, and financial services segments, particularly the increasing adoption of the Sofi app as a primary banking solution.

“So is it a buy yes it's absolutely one that I have been buying recently and will add more in 2025 especially if there's any dips in that valuation” — ▶ 10:00

The analyst believes the market is overreacting to short-term earnings guidance, overlooking Sofi's strong long-term trajectory. He highlights the company's shift towards a high-margin, scalable platform business model, consistent double-digit growth in members and products, and management's tendency to under-promise and over-deliver on guidance. He projects a 2026 P/E multiple of less than 20x based on management's EPS estimates, which he considers attractive for a company growing over 20% annually. He states that any significant weakness in the stock, particularly if it falls closer to $10 per share, would present a great buying opportunity.

“any sort of major weakness in the stock I think is a great buying opportunity I haven't added shares of this recently because I don't think we're quite at a no-brainer price yet but if the stock continues to fall we get closer to $10 a share I think this is going to be one that I'm going to be picking up more of” — ▶ 16:00

The analyst argues that Sofi should be valued more like a technology company than a traditional bank due to its increasing revenue from non-lending, fee-based services and its high growth rates (42.6% trailing 3-year CAGR). He highlights recent securitization agreements and the growth of its loan platform and Galileo businesses as evidence of its shift towards a less capital-intensive model. While acknowledging its current price-to-book is high for a bank, he believes its growth metrics make it reasonable for a tech company.

“I think Sofi really does look more like a technology company today than it does like a Traditional Bank.” — ▶ 8:00

The analyst states that while Sofi's stock may be getting expensive, he would add to his position if there is a pullback in 2025. He views Sofi as a disruptive company that will be one of the most important banking and fintech companies over the next 10 to 20 years, suggesting a long-term buying opportunity on dips.

“if there is a pullback this is one of the stocks I want to add to because I think this is such a disruptive company.” — ▶ 10:00

The analyst views Sofi as a disruptive fintech company with significant growth potential beyond traditional banking. Its strategy of facilitating and selling loans, white-labeling banking solutions via Galileo, and offering digital-first financial services allows for scalable, fee-based revenue. Sofi also benefits from lower legacy costs compared to traditional banks, enabling it to offer better yields and a superior digital experience.

“Sofi is technically a bank but this is really much more than a Banking Company... this is one of the top fintech stocks on the market today.” — ▶ 1:00

Travis Hoium believes SoFi will outperform the market long-term due to its digital-first model, which provides a significant cost advantage over traditional banks with legacy infrastructure. He highlights the scalability of its lending business through fee-based loan origination, the growth potential of its Galileo-powered technology segment serving other fintechs, and the rapid expansion and profitability of its financial services segment, which offers competitive rates due to its lower cost structure. He argues that traditional banking valuation metrics like Price-to-Book are less relevant for SoFi given its unique business model and high growth potential.

“longterm I think Sofi stock is going to beat the market and the reasons are really simple this is a digital first company competing against companies that have a legacy infrastructure cost that I just don't think they're going to be able to overcome.” — ▶ 00:00:03

The YouTuber is bullish on Sofi, viewing it as a disruptive financial technology company with strong growth in its lending, technology, and financial services segments. Its digital-first approach and lack of physical infrastructure provide a scalable solution, and while not cheap, its potential to become a major bank offers significant long-term upside.

“I think the upside is well over 10x from where we are currently in a from a valuation perspective.” — ▶ 10:40

The YouTuber is bullish on Sofi due to its strong growth in technology and financial services segments, with non-lending revenue now making up 49% of the total. They highlight the company's capital-light model, ability to offload lending risk, and significant advantage over traditional banks due to its digital-first approach. The company's member growth rate of 58% CAGR since September 2020 also indicates strong customer acquisition.

“I think this growth is going to continue for SOI there's going to be blips in the road but longterm the company has such a big advantage over the Traditional Bank competitors.” — ▶ 3:00

The YouTuber is holding his shares of Sofi, citing strong quarterly results with accelerating revenue growth, increasing profitability, and raised guidance. He emphasizes the long-term growth potential in financial services and technology segments, which are becoming a larger percentage of the overall business, despite a short-term stock pullback.

“so absolutely not selling my shares of Sofi if shares continue to pull back I may actually add to that position” — ▶ 10:00

The analyst is bullish on Sofi, citing its new $2 billion personal loan facility with Fortress Investment Group. This deal allows Sofi to offload credit risk, shifting its business model towards a more capital-light, fee-based platform similar to a technology company rather than a traditional bank. This strategy is expected to enhance scalability, accelerate growth, and improve the company's balance sheet by reducing capital constraints.

“I think that run can continue they're going to be reporting earnings on October 29th n before the Market opens so this is one I'm definitely going to cover here on asymmetric investing because I think it's one of the best potential growth stocks in the financial sector right now” — ▶ 10:00

The recent Supreme Court decision not to reinstate a student loan forgiveness program is a positive for SoFi, as it means existing student loans on their balance sheet are less likely to be paid off early, preserving their value. While the student loan business is significant, the analyst believes SoFi's long-term growth will be driven by its technology platform and financial services segments, which offer a better risk/reward profile and are more scalable, making the stock a reasonable long-term hold despite potential short-term market reactions.

“not something that I think is all that big a deal for Sofi but it does make sense that there was a market reaction on the positive side because these student loans aren't going to be paid off early” — ▶ 10:00

The analyst views SoFi as a long-term buy, emphasizing its transition from a lending-heavy business to a technology and financial services platform. He highlights strong growth in financial services and technology segments, improved profitability, and management's consistent outperformance of guidance. Despite a high current P/E, he believes the growth rate and operating leverage justify the valuation, especially as the company disrupts traditional banking.

“management has such a big vision for this company that I'm just going to continue to add if the share price doesn't go anywhere or if the stock starts to drop because I think this is such a transformative company and such a disruptive company in the financial space over the next 10 to 20 years” — ▶ 10:00

The YouTuber is bullish on Sofi due to its technology platform segment, which provides white-label digital financial solutions to other companies. This segment, including the Galileo product, is growing rapidly and allows Sofi to leverage its existing infrastructure, creating a strong growth flywheel. This hidden growth engine is a key reason for his long-term optimism about the stock.

“hopefully that was helpful in understanding the technology platform business why it's important to Sofi and why this is really one of the reasons that I own the stock and why I'm so bullish on sofi's future” — ▶ Watch clip

The analyst recommends Sofi, noting its digital-first banking model that avoids the high costs of traditional banks. He emphasizes the strong growth and profitability of its technology and financial services segments, which are not capital-bound like its lending business. Despite the stock trading near a 52-week low, the analyst sees it as well-positioned, citing recent insider buying by CEO Anthony Noto as a sign of confidence.

“the market has kind of beaten up Sofi stock we're trading at about a 52- week low right now but this is again a really well-positioned company if you're looking for a company in the banking business” — ▶ 11:00

The CEO, Anthony Noto, recently bought shares in the open market, which the YouTuber interprets as a strong bullish signal for the company's long-term future. Despite recent stock price drops, the underlying business is seen as moving in the right direction, particularly with the growth in its technology and financial services segments, which are expected to scale efficiently and lead to future profitability as a digital-first bank.

“Noto buying shares on the open market I think was a very good sign for Sofi and makes me even more bullish on the company.” — ▶ 0:30

The analyst is bullish on Sofi, positioning it as a disruptive digital bank with no physical infrastructure, allowing for indefinite growth. While lending was a 'Trojan Horse,' the technology platform and financial services are now the primary growth drivers. Sofi is profitable and trades at a reasonable Price to Book value of 1.2, offering a technology company's growth potential within a banking framework.

“this is really the disruptive piece of Sofi is that they are technology company that also happens to be a bank and there's no physical infrastructure they can basically grow indefinitely and I think this is the place to be in the future of Finance” — ▶ Watch clip

The analyst views the recent 10% stock drop as a buying opportunity, despite weak Q2 guidance, because management tends to under-promise and over-deliver. He believes SoFi is growing in the right areas, particularly financial services (75% growth) and the tech platform (20% growth), which are more scalable and profitable than traditional lending. He sees the company as well-positioned for the future of digital finance.

“I think fundamentally what you want to look at is is Sofi heading in the right direction and if it is then it's a stock to just hold maybe even accumulate long term while the market tries to figure out what they want to Value the company at.” — ▶ 3:00

The analyst sees Sofi as a beneficiary of the digital finance disruption, employing a similar strategy to Robinhood by expanding its financial services to attract and retain customer assets. Despite a high forward P/E ratio, the company's focus on growing its deposit base and product offerings is expected to drive long-term value, challenging traditional banking models.

“I think this is ultimately really disruptive to the banking industry and that's why this is so important for Robin Hood what I'm thinking about is potentially adding a base of Robin Hood and Sofi to my portfolio” — ▶ 9:00

The analyst recommends Sofi, emphasizing its advantage as a digital-first bank with lower overhead compared to traditional banks. He points to phenomenal growth in members and diversified services beyond student loans, including a growing technology platform and financial services. Despite a high short-term valuation (130x next year's earnings), he believes management's reinvestment strategy for growth will lead to much higher long-term profitability and margins.

“I think there's just a lot of growth Runway this isn't just a bank it's a digital bank that's moving into all the digital products and services that the modern consumer and investor expects.” — ▶ 20:00

The YouTuber recommends Uber, highlighting its massive scale and potential for 10x growth driven by autonomy in ride-sharing and deliveries. He points to its compelling valuation at 19x earnings and 12x forward free cash flow, strong 25% 5-year CAGR, and increasing profitability due to pricing power and growing monthly active users.

“I think when you look at the opportunity for autonomy, this could easily 10x the size of a business like this because a lot of that demand for autonomous vehicles, for autonomous rides, for autonomous deliveries, it's going to end up going through Uber.” — ▶ 06:05

The analyst believes Uber is an 'insanely cheap stock' currently trading at 18 times earnings despite a 30% 10-year CAGR and projected 20%+ growth for the next decade. He argues the market misunderstands Uber's role as an aggregator that will benefit immensely from the shift to autonomous vehicles, which will increase supply, reduce costs, and attract more riders, leading to significant platform expansion.

“Shares of Uber are trading for just 18 times earnings. That is an extremely cheap multiple for a company that's growing well into double digits.” — ▶ 01:20

The YouTuber is bullish on Uber, asserting that it will integrate autonomous vehicle technology rather than be disrupted by it, as other AV companies will plug into Uber's network. He points to its consistent revenue growth, rapidly increasing free cash flow ($10 billion annually), and massive user base (200 million monthly active customers). He believes autonomy will expand the market and reduce costs, providing significant tailwinds for Uber's long-term growth.

“I think what that's ultimately going to do is expand the market, maybe even more than 10x expand the size of the market.” — ▶ 16:50

The analyst recommends buying Uber due to its strong growth in revenue and operating profit, driven by increasing monthly active users and total trips. He believes Uber will be a long-term winner in the autonomous vehicle space by aggregating demand and leveraging multiple suppliers, commoditizing the underlying technology. The current valuation, with a forward PE of 22, is considered attractive given its 25% historical growth rate.

“I think Uber is going to be the winner long term because the manufacturers and the technology companies, those are going to be suppliers to the aggregators of demand.” — ▶ 5:00

The analyst sees Uber as a long-term winner in the autonomous vehicle space, positioned as the aggregator of demand. He highlights strong revenue growth across mobility, delivery, and freight segments, and a massive user base (202 million monthly active platform customers) which gives it power over autonomous vehicle suppliers.

“If things do indeed play out the way that I think in autonomy, Uber is absolutely going to be one of the winners.” — ▶ 6:08

The analyst believes Uber is undervalued, trading at a forward P/E of 21 and P/S of 2.8, which is cheaper than the overall market despite a 17.7% CAGR over the past three years. He argues that Wall Street misunderstands Uber's long-term thesis, as autonomous driving will significantly expand its addressable market and reduce costs, making rides much cheaper and increasing demand exponentially. Uber's strategy of partnering with numerous autonomous vehicle suppliers and aggregating demand positions it to dominate the future of transportation as a service.

“I think autonomy is going to be a huge driver of expanding their addressable market, of reducing the cost for each mile driven.” — ▶ 00:28

Hoium recommends Uber as a compounding value stock, noting its significant revenue growth (from $3.8 billion in 2016 to $52 billion now), improving operating profit, and strong free cash flow ($9.8 billion). He believes the market is undervaluing the company, especially given its forward P/E of 19 and price to free cash flow of 12. Uber's position as a dominant aggregator in transportation as a service, with future growth potential from autonomy, makes it an attractive long-term investment.

“These moments of dislocation sometimes happen in the market where you can see that these are going to be the dominant companies in the future, but the market just is throwing everything out right now. And that's the case with Uber.” — ▶ 30:00

The analyst believes Uber will be a primary beneficiary of the autonomous vehicle market because they are the demand aggregator with the riders. The commoditization of autonomous driving technology, with many suppliers, will increase supply and lower costs, driving more demand for Uber's platform.

“The two companies that are going to win in the autonomous vehicle market is Uber and Lyft. They're the companies that have the riders.” — ▶ 6:00

Travis Hoium argues that Uber has an 'unfair advantage' in the autonomous vehicle market due to its position as the leading demand aggregator. He believes that as autonomous vehicle companies emerge, they will plug into Uber's existing network rather than building their own, commoditizing supply and driving down costs. This strategy, combined with increased utilization and lower prices, could lead to a 10x increase in revenue and make Uber a $1.5 trillion company within a decade.

“Yes, I think this could be a $1.5 trillion company. That's why it's in the asymmetric portfolio.” — ▶ Watch clip

The analyst recommends buying Uber, highlighting its attractive forward P/E of 22 despite a nearly 20% growth rate and operating leverage. He emphasizes the significant tailwind from autonomous vehicles, which he believes will lower costs, increase volume, and expand Uber's addressable market tenfold.

“This is what's going to 10x the size of the market for Uber. We've seen this compounding growth and I think that's only going to continue in the future.” — ▶ Watch clip

The analyst believes Uber is undervalued, trading at a forward P/E of 27 and P/FCF of 18, despite consistent 20% annual revenue growth. He highlights its strong position as an aggregator of demand, especially with the future of autonomous vehicles, and its improving take rate and profitability. The long-term opportunity is seen as 10x-20x its current market size.

“I think the momentum behind Uber is just too strong to ignore. And the reason I think the stock is undervalued is because you're getting a pretty good multiple for the company despite the fact that that take rate is up over this period of time.” — ▶ 10:00

The analyst includes Uber on his 'never sell' list, citing its position as the most valuable company in ride-sharing and delivery, driven by its aggregation of demand. He believes autonomous driving will be a massive tailwind, lowering costs and increasing accessibility, thereby expanding Uber's market and making it a dominant, long-term player in transportation and logistics.

“I think Uber is the most valuable company when it comes to ride sharing and delivery of products.” — ▶ Watch clip

The YouTuber is buying Uber shares, believing the company will be a key gateway to autonomy by capturing value as a demand aggregator for ride-sharing and delivery services. He highlights Uber's larger network, diversified business model (delivery, freight), and its role in owning and operating autonomous fleets, making it a strong investment in the future of transportation.

“I own shares of Uber and Lyft because I think those are really good values from investments. Lyft trades for just 1.1 times sales. Uber is about three times that from a price to sales perspective, but it's a much bigger network, more diversified business model both geographically and they have that delivery service.” — ▶ 00:08:00

The analyst believes Uber will be a long-term winner in the autonomous vehicle market due to its strong demand aggregation strategy and diverse business segments (mobility, delivery, freight). Despite recent market fears about Tesla's autonomous driving progress, Uber's current valuation is considered solid, especially given its revenue growth.

“I'm more than happy to buy more shares because I think these are ultimately going to be the long-term winners.” — ▶ Watch clip

The analyst identifies Uber as his top single stock pick due to its market leadership in mobility and delivery, compelling valuation (EV/Sales 3.5, P/FCF 20, forward P/E 25) for a company growing revenue at 20% annually, and improving operating margins and free cash flow driven by increased take rates. The primary asymmetric opportunity lies in its strategic positioning for autonomous vehicles, which is expected to significantly expand its addressable market and create new business models by reducing per-mile costs and enabling 24/7 utilization.

“That one stock for me today is Uber. That may sound a little bit surprising. ... I think Uber is really really well positioned and their financials should only get better with time. The asymmetric opportunity with them is with autonomous vehicles.” — ▶ 00:40

The YouTuber plans to continually add Uber to his portfolio, believing it has 10x potential over the next decade. He highlights its expansion into new markets like food delivery and retail partnerships, and sees significant long-term upside from autonomous driving partnerships, which could lower costs and expand the addressable market. He notes its consistent revenue growth (17.4% CAGR) and improving operating margins.

“I think Uber is a 10x stock over the next 10 years. And this is one that I'm just going to continually add to the portfolio because I think they're just going to keep compounding this business over time.” — ▶ 18:00

The YouTuber suggests Uber as a long-term investment, highlighting its market leadership in ride-sharing and its diversified business model, including delivery and freight. He anticipates future growth from expansion into autonomy, which will lower costs and expand the addressable market, and its ability to aggregate demand, positioning it as a critical intermediary in transportation.

“I think Uber is still going to be the point that consumers continue to go back to to access this technology over and over again. I just don't see them being upended as the go-to point for getting all these things delivered to you.” — ▶ 8:40

The YouTuber suggests Uber has significant upside, being a faster-growing and more profitable company than Lyft, with a more diverse business including mobility and delivery. Despite a higher forward P/E of 31, he considers it reasonable given its 23% 3-year revenue CAGR and 32% 5-year CAGR. He also emphasizes its potential in autonomous vehicles, similar to Lyft.

“It's actually a faster growing company. It's more profitable. I think there's really more power in being a bigger aggregator, but you are paying a little bit higher price.” — ▶ 3:00

The YouTuber is positive on Uber, citing its partnership with Joby as a way to expand its mobility offerings beyond traditional ride-sharing to include air travel. This move positions Uber as a one-stop shop for transportation, potentially adding significant value by integrating long-distance air travel options into its platform.

“Uber has had some of these services for a while, especially in New York. So, for these two companies, really the advantage is Uber increases the amount of supply and the options that they have for mobility.” — ▶ 2:45

The YouTuber identifies Uber as a 'no-brainer' for the next 10-20 years, highlighting its strong market position as an aggregator of demand for rides and deliveries. He emphasizes the 10x growth opportunity in autonomous driving, which will significantly lower costs and expand the market, and notes the company's improving profitability and free cash flow generation.

“Uber is another company that I think 10, 20 years from now, we're still going to be using Uber. This is still going to be the default company to get a ride, to order food, to order other goods and services that you may need to deliver to you.” — ▶ 10:40

The analyst believes Uber has a significant growth runway, similar to Netflix a decade ago, despite its current valuation. The core thesis revolves around the expansion of its delivery business through new partnerships (Best Buy, Dollar Tree) and the long-term potential of autonomous vehicles and robotics to drastically reduce costs and expand service offerings, creating a '10x opportunity' over the next decade.

“This is one of the reasons it's a stock in the asymmetric portfolio. Probably one that I'm going to add again before the end of 2025.” — ▶ Watch clip

The analyst is bullish on Uber, citing its strong Q2 earnings, profitability, and clear vision for autonomous driving. Uber aims to commoditize autonomous vehicle supply by fostering multiple suppliers, leveraging these vehicles for lower costs and higher efficiency. The company's strategy to be the primary point of contact for riders, connecting demand with autonomous vehicle supply, forms the core of the bullish thesis.

“That is the bullish case behind Uber. I think that is well intact. Management really has a clear vision of what the future of this company looks like. One that I'm happy to own and if the stock continues to pull back a little bit here, happy to add more.” — ▶ 10:00

Travis Hoium is buying Uber, believing it has 10x potential over the next decade, primarily due to its strategic positioning in the future of autonomous vehicles. He argues that Uber will become the aggregator of demand for autonomous ride-sharing and deliveries, commoditizing supply and expanding its market by enabling 24/7 operations and new business opportunities. The company's current profitability and strong growth in its core business also support the investment thesis.

“I think Uber is still one of those companies is still underestimated. And the real reason that they have 10x potential today isn't the business that we know today. It's actually the future, which is autonomy.” — ▶ 01:30

The analyst believes Uber will benefit significantly from the proliferation of autonomous vehicles. As autonomous technology commoditizes ride supply and increases availability, it could drive down per-mile costs, expanding the total addressable market for ride-sharing apps. Uber, as an aggregator, is positioned to win in this evolving market.

“I continue to think that one of the investing opportunity that's hiding in plain sight is just simply the ride sharing apps. Uber and Lyft are two of the stocks that I own because I think as autonomous vehicles proliferate, we're going to see dozens of operators and it's going to basically commoditize supply for rides.” — ▶ 10:00

The analyst owns Uber, believing that autonomous vehicles will significantly expand its addressable market by at least tenfold. Autonomy is expected to resolve supply challenges and improve pricing capabilities, providing strong tailwinds over the next decade.

“I own both of those stocks in part because I think autonomy makes their addressable market at least 10 times bigger, if not more than that.” — ▶ 7:25

The analyst sees Uber as the dominant player in ride-sharing with strong financial growth and profitability. The primary long-term opportunity lies in autonomy, which could significantly expand the market by reducing costs and increasing supply. Uber's strategic partnerships and market position make it a strong play on the future of autonomous vehicles.

“The real opportunity for Uber though is moving into autonomy. At the end of the day, this is aworked business. And Uber's business is to connect demand with supply.” — ▶ 8:00

The analyst considers Uber a better investment than DoorDash if one wants exposure to food delivery and ride-sharing, calling it the "Behemoth in the industry." He implies it offers a more robust and established position in the market.

“because if you're going to play one of these big players in the market that does have exposure to food delivery I think Uber is a much better bet” — ▶ Watch clip

The YouTuber highlights Bill Ackman's $2.3 billion investment in Uber, suggesting it validates the company's future vision. Uber shows strong growth in mobility and delivery, increasing its take rate and achieving scale. The company is strategically positioning itself for an autonomous future by commoditizing autonomous vehicle technology and leveraging its data and network to expand the market significantly.

“I think Uber's in a very very good position interesting to see Amman put $2.3 billion to to work to buy a steak in the company.” — ▶ 10:00

The analyst is buying Uber shares, particularly if the stock price drops further, because the company is growing bookings by nearly 20% year-over-year and generating significant free cash flow. He believes the long-term vision for autonomous vehicles will expand Uber's total addressable market significantly, potentially by 10x or more, making its current valuation attractive for a growth company.

“I think if the stock gets any cheaper that's where you really find a buying opportunity price earnings multiple on a trailing basis right around 30 so that's a pretty good valuation for a company that's growing in the mid teens to 20%” — ▶ 10:00

The analyst recommends Uber as a play on the autonomous driving theme, believing it will benefit from the expansion of the ride-sharing market due to autonomous vehicles. He notes that Uber, along with Lyft, has partnerships with autonomous driving companies and is well-positioned to leverage this technology to grow its market, which could become significantly larger with full autonomy.

“The two companies to watch I think are going to be Lyft and Uber these are the ride sharing companies that are enabling autonomous vehicles to be used by thousands potentially millions of people by the end of the decade” — ▶ 6:00

The YouTuber bought shares of Uber, seeing potential for it to aggregate ride-sharing demand in an autonomous vehicle future, similar to how it dominated with human drivers. He believes the market for autonomous ride-sharing could be significantly larger than Uber's current market.

“I think the potential Market could be another 10x bigger than what Uber's Market is today so that is a stock that I did buy some of last week” — ▶ 07:58

The analyst is keeping an eye on Uber, but notes that its strategic position might not be as strong as previously thought due to the Waymo partnership not progressing as quickly as Uber likely hoped. He highlights the strategic challenge for Uber in integrating autonomous driving companies while maintaining its customer base.

“The two other companies in ride sharing that I'm going to be keeping an eye on are Uber talked about them earlier they're maybe not in quite as good a position as I thought they might have been a few months ago especially because this weo partnership is not moving along as quickly as Uber probably hoped it would” — ▶ 8:10

Uber could significantly benefit from the growth of autonomous ride-sharing by partnering with companies like Waymo, Cruise, and Zoox. If Uber can own the customer relationship for these autonomous fleets, it could potentially 10x the size of its market.

“If that's the way things play out and Uber is able to make deals like this with wh and Cruz and zuk's and all kinds of other companies who are trying to get into this Market Uber could be in a really really good position they could potentially 10x the size of their potential Market just by owning the customer relationship for these autonomous vehicle fleets” — ▶ 7:50

The YouTuber highlights Uber's strong network effects and its expansion into food and other delivery services. He believes the next growth driver will be partnerships with autonomous driving companies like Waymo and Cruise, positioning Uber as the primary touchpoint for consumers accessing autonomous vehicles. While acknowledging the stock's current high valuation (P/E of 82 trailing, 38 forward), he views any weakness as a buying opportunity due to its strategic positioning.

“I think just really well POS strategically positioned company today in Uber.” — ▶ 33:50

The analyst argues that Uber's expanded partnership with Waymo, where Uber will operate Waymo's autonomous vehicles exclusively through its app in Austin and Atlanta, significantly strengthens Uber's position in the autonomous driving market. By owning the customer relationship and acting as the interface for various autonomous vehicle suppliers, Uber is building a powerful platform that could lead to increased market share and profitability as autonomous driving scales. This strategy allows Uber to leverage its existing user base and avoid the competitive threat of AV companies building their own ride-hailing services.

“I think what's clear is that Uber's strategy is that they want to own that customer relationship when somebody calls for an Uber they want to be able to say do you want autonomous vehicle do you want a human driver and we will handle the rest.” — ▶ 10:00

The YouTuber believes Uber is well-positioned to be the dominant marketplace for autonomous vehicles, even without owning any. Their existing aggregation of demand and partnerships with autonomous driving companies like Waymo and Cruise will allow them to thrive as suppliers transition from human drivers to autonomous fleets, expanding the total addressable market.

“I think Uber is really well positioned in this market.” — ▶ Watch clip

The YouTuber highlights that David Tepper significantly reduced his Uber position from 6.4% to 1.6% of his portfolio. Tepper, who bought Uber when it was out of favor, is now selling as the company has become profitable and generates positive free cash flow, suggesting he believes it is now more expensive.

“Another company Tepper was buying when it was kind of out of favor with the market but Uber has done a great job of getting back to the point where it's now generating net income positive free cash flow seems like a much more sustainable business today than it was just a few years ago.” — ▶ 7:20

Travis Hoium advises avoiding Uber stock due to its high valuation, despite acknowledging its strong strategic position and growth. He points to a trailing P/E of 108 and a forward P/E of 40, indicating it's currently too expensive. He also highlights significant downside risks if margins fall, ridership declines, or new autonomous ride-sharing networks emerge.

“great company doesn't have to be a great stock and that's the case with a lot of these growth tech companies right now is that they're just priced really really highly priced to Perfection and at the end of the day that's what's going to keep me out of uber at least for now” — ▶ Watch clip

The YouTuber reports that David Tepper is selling Uber shares. This move, along with sales in other stocks that performed well in the past year, suggests Tepper is taking profits from positions that have seen significant gains and may now be considered overvalued or less attractive.

“but he's selling things like uber alphabet AMD Intel these are stocks that did pretty well over the past year and were part of that artificial intelligence play so is he starting to pull back on those it certainly looks like it with a lot of these Investments.” — ▶ 4:55

The analyst believes Uber is a strong business with excellent strategic positioning and market dominance, having achieved positive free cash flow. However, the stock is currently overvalued, trading at 50 times free cash flow, which is too expensive. He would consider buying if the valuation multiple came down to a more reasonable 10-20x free cash flow.

“This is a stock I'm absolutely going to keep an eye on because I love the business, I love the strategic position that they're in, the CEO has done a phenomenal job turning around the operations, but I'm going to stay out of the stock because I don't like the value right now.” — ▶ 10:00

The analyst acknowledges Uber's strong strategic position, growing network effects, and improved profitability, with positive free cash flow. However, he expresses concern that the stock is currently overvalued, citing high Enterprise Value to Sales (3.9x TTM, 3.3x NTM) and Price to Earnings (131x TTM, 66x NTM) ratios. He also points to the long-term threat of autonomous driving technology disrupting Uber's core business model as a reason not to overpay for the stock.

“strategically and financially Uber is doing extremely well that's why we've seen the company perform as well as we have what do you think about the position of Uber today is it a buy is it a sell love to hear your comments in the comments section below don't forget to subscribe to asymmetric investing thanks for watching everybody see you next time” — ▶ Watch clip

Travis Hoium notes that Uber has achieved profitability primarily by increasing its 'take rate' on transactions, which has significantly boosted revenue and net income. While acknowledging Uber's market leadership and scale, he raises concerns about potential future competition from autonomous vehicle companies like Cruise, Waymo, and Zoox, as well as pushback from drivers and restaurants regarding the increased take rate, suggesting these factors could challenge Uber's long-term profitability.

“Uber is taking a lot of steps in the right direction but the biggest reason that it has become profitable recently is increasing that take rate so we'll see if there's any push back on that specifically from drivers and from restaurants” — ▶ 10:00

Travis Hoium is bullish on Uber, citing its strong revenue growth compared to Lyft, indicating a winner-take-all market where Uber is dominant. He also notes the company's improving net income trends, positive operating cash flow, and a solid balance sheet. While acknowledging the risk of autonomous driving integration, he believes Uber is in a much better competitive position than before.

“I want to give three reasons why I'm bullish on the stock and one reason to be a little bit hesitant.” — ▶ 00:30

The analyst views Uber's recent financial results as very positive, highlighting the company's shift to positive operating cash flow and record free cash flow after years of burning cash. This improvement is attributed to Uber's increasing market dominance, allowing it to raise take rates from drivers and disproportionately boost adjusted EBITDA. While acknowledging potential pushback from drivers and customers on price increases, the analyst believes Uber is moving towards a more sustainable financial position.

“I do think it's definitely a positive for investors that Ubers get into a more sustainable place that means that a lot of its Rivals are getting weaker and that seems to be continuing and there doesn't seem to be a lot that they can do about that but at the end of the day that's great for Uber” — ▶ Watch clip

The YouTuber sees Toast as a long-term buy-and-hold, highlighting its position as the operating system for restaurants with significant growth tailwinds and a 30%+ 5-year CAGR. Despite recent stock drawdown, he notes its 17x forward P/E, growing subscription revenue, and expanding operating profit, driven by its network effect and potential to move into ancillary businesses like grocery stores.

“So if you have a long-term time horizon, I think Toast is going to be one one of those stocks that you want to own, just buy and hold because it's going to be prevalent everywhere.” — ▶ 15:00

The analyst expresses interest in Toast's dominant position in the restaurant POS niche but is unwilling to buy at its current valuation. Despite strong free cash flow, the company is unprofitable, and its price to free cash flow of 86 is considered expensive, especially with only 25% expected growth and significant competition from larger players like Square and PayPal.

“this is a business that I would love to own but I want to own it at a no-brainer price and I just simply don't know where that is today given the fact that the company is not profitable and it's not trading at a compelling price to free cash flow multiple.” — ▶ 46:00

The YouTuber reports that Michael Burry sold his entire position in Toast. This is presented as part of a general trend of selling out of tech companies that have become expensive.

“CVS he sold out of toast Oracle booking holding alphabet and Warner Brothers Discovery even Amazon sold out of that position entirely” — ▶ 5:20

The analyst believes Toast is an attractive long-term investment due to its strong market share in the restaurant POS system, its ability to integrate various services, and its large total addressable market. While the company is not yet consistently profitable, it is showing signs of improving profitability and positive free cash flow. He would consider buying if the enterprise value drops slightly below its current $7.5 billion.

“I would like to get it a little bit cheaper than that but I don't think that's an exorbitant price to pay for the business that you're getting and the stickiness of that business.” — ▶ 10:00

The analyst is intrigued by Toast due to its significant customer growth, adding over 20,000 new restaurant locations in the past year. While current financials like free cash flow and profitability are weak, the business model suggests that initial high sales and marketing expenses for new customers will pay off in 2-3 years as they adopt more profitable software modules. The company is showing improving financial metrics, with gross profit margin increasing and SG&A as a percentage of revenue decreasing for four consecutive quarters, indicating a positive trend overlooked by the market.

“What intrigues me about toast is apparently something that they're doing is working so if you look over the past year one year ago 62 000 restaurants using their products and services right now up to eighty five thousand so just in the past year we've added over 20 000 new restaurant locations to the toast platform so apparently something that they're doing is working.” — ▶ 2:00

The YouTuber identifies Transmedics as a growth company with a good value, despite recent stock volatility. He points to its 38% 3-year CAGR and 80% 5-year CAGR, along with a forward P/E of 27 and EV/Sales of 3.5. He believes its mission to make organ transplants more viable and its expanding device portfolio offer significant long-term tailwinds, comparing it to an early Intuitive Surgical.

“But Transmetics, volatile stock to say the least, down 61% from its all-time high. But this is now getting to be a stock that is a pretty good value.” — ▶ 16:00

The YouTuber recommends Duolingo, arguing that AI is a tailwind, not a disruption, for the company. He points to Duolingo's significant use of AI to enhance interactivity and learning, which he believes will drive user engagement and future expansion into a broader education platform. Despite a recent slowdown in revenue growth, he sees value in its profitability, positive free cash flow, and a P/E multiple under 15, along with a share buyback program.

“This is not an AI disruption story. This is an AI tailwind story for investors long term. Just like we saw with Zeta, I think there's even a better opportunity for Dualingo.” — ▶ 15:40

The YouTuber is buying Duolingo, citing its strong revenue growth (39% over the past year) and attractive valuation (forward price to free cash flow of 12x) despite concerns about slowing user growth. He believes it's a phenomenal platform play for the future of learning, leveraging AI to expand into new subjects and modalities, and management's focus on re-accelerating user growth could lead to significant upside.

“I think this is still a phenomenal platform play. And with the drop in the stock recently, the price to free cash flow on a forward basis is just 12 times.” — ▶ 18:50

The analyst believes Zeta Global is a strong long-term buy due to its new partnership with Palantir, which is expected to drive significant revenue growth by leveraging Palantir's customer base and improving Zeta's platform performance. He highlights Zeta's relatively low enterprise value to sales multiple (3.4x) compared to Palantir (53x), suggesting significant multiple expansion opportunity and better value for investors.

“I think if you're an investor, the upside is with Zeta because this is going to drive growth, it's going to they're going to kind of be able to ride Palantir's tailwinds and you have that multiple expansion opportunity.” — ▶ 6:00

The YouTuber recommends Zeta Global, citing its strong momentum with 50% revenue growth in Q1 2026 and impressive historical CAGRs. He notes its relatively low valuation (2.4x forward EV/Sales) for its growth rate and highlights its potential for market expansion by targeting smaller businesses and leveraging its AI tools to become a broader business intelligence company. He believes it offers a combination of revenue growth, margin expansion, and multiple expansion potential.

“Again, a company growing this quickly train trading for just two or three times sales. That's pretty cheap. It's very possible that multiple could go up 2x, 3x, 4x. That's how you get these 10x return stocks.” — ▶ 14:50

Travis Hoium argues that Zeta Global is a strong buy due to its recent partnership with OpenAI, which expands its advertising channels, and the potential of its AI tool Athena to unlock massive growth by simplifying platform usage and potentially expanding into broader business intelligence. He highlights the company's strong financial performance, including a 26% CAGR over five years and 50% revenue growth in the most recent quarter, coupled with an attractive valuation of 3.1x enterprise value to sales for a $4.6 billion market cap company.

“I think Zeta is one of these companies where if you look at their financials, they are a phenomenal growth company, and right now, they're actually a pretty cheap.” — ▶ 7:00

The analyst recommends Zeta Global, an AI-driven marketing technology company, highlighting its recent 50% revenue growth and 35% compound annual growth rate over the past three years. He notes its new Athena product leveraging AI and improving operating leverage. Despite being an AI-related stock, it's not as hyped as others, trading at 2.8 times forward sales and 20 times free cash flow, suggesting a strong buying opportunity as the market recognizes its sustainable business model and long-term tailwinds.

“You're getting this company for just 2.8 eight times sales on a forward basis, just 20 times free cash flow.” — ▶ 22:00

Hoium recommends Zeta Global as a compounding value stock, noting its strong 30% revenue growth in 2025 and improving operating margins, especially with the launch of its AI-powered Athena platform. He highlights its role in helping large companies advertise effectively in an AI-driven world. The company's low valuation, with a forward P/E and price to free cash flow of 14.6, is considered attractive for a company growing this quickly and taking market share.

“I think Zeta's got the right tools for a world of artificial intelligence. We're going to need more advertising because companies are going to have to reach customers whether that's through LLMs, whether that's through TV, whether that's through other forms of digital advertising.” — ▶ 35:00

The YouTuber is impressed with Zeta Global's consistent revenue growth (25% in Q4 2025, 30% for the full year) and strong operating margins. He highlights the company's culture of growth, its ability to beat and raise estimates, and its strategic positioning in digital advertising, especially with the upcoming Athena launch. The stock is currently trading at about 10 times expected 2028 free cash flow, which he considers a good value given management's tendency to set conservative targets.

“So, this seems to be one of the platforms that's going to be powered by artificial intelligence and it's taking market share. It's growing in excess of 20% now 25% in the most recent quarter. That's exactly what you want to see, especially in this highly competitive advertising space.” — ▶ Watch clip

The analyst advises avoiding Oracle due to its massive debt load, which is projected to increase significantly, and exploding capital expenditures for AI investments. Despite growing revenue and remaining performance obligations, the company is currently burning cash, leading to concerns about the return on investment for its highly leveraged AI strategy and potential further stock dilution.

“Oracle, absolutely not a stock that I'm buying today.” — ▶ 6:00

The analyst advises selling Oracle, noting its shift to becoming a hyperscaler has led to significant capital expenditures exceeding operating cash flow. The company has over $100 billion in debt, partly from financing buybacks, and the cost of its debt is rising, making it harder to fund its AI infrastructure buildout and meet performance obligations.

“The price of Oracle's debt has dropped, meaning the yield has gone up significantly. This is the yield to maturity for their longestterm debt, 6.44. That is up about 2 percentage points just in the past couple of months.” — ▶ 8:50

The analyst is uncomfortable with Oracle due to its significant deal with OpenAI, which he views as part of a speculative AI bubble. He questions the long-term sustainability and profitability of OpenAI, suggesting that Oracle's gains from this partnership might be built on an unstable foundation.

“That's what ultimately makes me really uncomfortable with stocks like Nvidia, Oracle, even Microsoft to an extent.” — ▶ 6:00

The analyst advises avoiding Oracle due to its significant debt load ($93 billion) accumulated from stock buybacks, which exceeds its free cash flow. Despite its AI expansion, Oracle lacks the cash-generating ability of competitors like Microsoft or Alphabet, making it a highly leveraged company in a competitive AI cloud market.

“Oracle is going to be one of the most leveraged AI companies today because of that debt load because they don't have a huge cash generating business the way that Microsoft and Alphabet and even Meta do.” — ▶ Watch clip

The YouTuber states that Michael Burry sold his entire position in Oracle. This action is framed as part of a broader strategy to exit tech companies that have become expensive, with P/E multiples potentially in the 25-30 range.

“CVS he sold out of toast Oracle booking holding alphabet and Warner Brothers Discovery even Amazon sold out of that position entirely” — ▶ 5:20

The analyst suggests Adobe is a potential long-term buy due to its current low valuation (8x forward earnings, 7.7x forward free cash flow) despite double-digit revenue growth. He acknowledges risks like leadership changes and potential business model shifts due to AI competition but believes the established business and free cash flow provide a favorable risk/reward profile, with limited downside and significant upside if new management successfully navigates future challenges.

“What ultimately is appealing to me about Adobe is that this is an established business. There is free cash flow in this business. I think the worst case scenario is the stock just continues to bump along more or less where it is today.” — ▶ 10:00

The YouTuber views Adobe as a contrarian play due to its attractive valuation, with a forward P/E of 10.8, despite still growing at double digits. He emphasizes Adobe's position as the industry standard for high-end creative professionals, making it a sticky business. While acknowledging potential shifts due to AI and competition, he believes the valuation is too compelling to ignore.

“But a company that's trading for 10 times earnings and is still growing at double digits. Now you just got to think about is this a value stock or is it a value trap?” — ▶ 8:40

The analyst suggests buying Adobe stock due to its attractive valuation, with a forward P/E ratio of 10.8 and a trailing P/E of 16. He notes the company's strong cash flow generation, which allows for significant share buybacks, and its continued revenue growth despite concerns about AI disruption. He believes the business is stable and an industry standard, making the current price appealing.

“I like the stability of the business and now we're getting to the point where the price is right. Price earnings multiple on a trailing basis is about 16 and on a forward basis just 10.8.” — ▶ 10:00

The analyst argues that Adobe is still overvalued despite a recent price drop, trading at a high multiple relative to its slowing revenue growth. He notes that current growth is primarily driven by price increases rather than new customer acquisition, and the company faces disruption from simpler AI-powered tools like Canva, which could limit future pricing power and user growth.

“I think it could be cut another 50% if we just look at this forward priced earnings multiple of 21 if Adobe were trading for like I said before 10 or 11 times earnings that where that's where I think it becomes compelling then you get to a PEG ratio or price to earnings growth ratio of about one you can find companies today that are trading for a PE ratio that is the same as their growth rate if Adobe were there it would be a great value stock but today still not a value stock.” — ▶ Watch clip

The YouTuber notes that Adobe was a new position acquired by David Tepper during the quarter. This indicates Tepper saw an opportunity in the stock, though specific reasoning beyond it being a 'new position' is not detailed.

“Adobe was acquired during the quarter.” — ▶ 4:10

Travis Hoium argues that Adobe stock is extremely overvalued, trading at high multiples (47x P/E, 11x EV/Sales) despite modest revenue growth of 11% and declining free cash flow. He believes the market is pricing in significant AI-driven growth that isn't materializing, and the stock could fall further if it re-rates to a more appropriate 15-25x earnings multiple for its current growth profile.

“I think it's just way too expensive for investors. We see that any sort of miss of expectations or even talking about the wrong things on a conference call can send a stock like Adobe falling even at the valuation that it is today.” — ▶ 10:00

The analyst recommends selling Adobe due to its incredibly high valuation, with a P/E of 52 and EV/Sales of 14.2, despite an expected growth rate of only 11% over the next two years. He notes that net income has been flat since 2020, indicating margin pressure, and competitive threats from companies like Canva and Figma are increasing, especially after the failed Figma acquisition. He argues that the stock's recent performance is driven by AI hype, which may not be sustainable given the company's modest growth projections and competitive landscape.

“I would consider selling if I did hold it and the reason for that is the price is just incredibly High.” — ▶ 00:30

The analyst recommends avoiding Adobe due to its extremely high valuation multiples (P/S of 14.2, P/E of 52) which price in significant growth. The failed acquisition of Figma removes a key strategic avenue for growth into collaborative design and web development, leaving the company vulnerable to disruption from competitors like Canva and AI-powered tools, making future revenue expansion challenging.

“I think ultimately that's going to be bad news for Adobe don't know where the stock goes from here but it's not one that I'm buying considering the incredibly high price to sales and price to earnings multiples and the potential that that growth slows down in the next few years” — ▶ 10:00

The YouTuber highlights Adobe's successful integration of generative AI into products like Photoshop, which enhances functionality for power users and broadens the market by simplifying complex tasks. This strategic use of AI is seen as making their core products more valuable and useful, strengthening the company's position.

“Adobe is already starting to have an impact and people are sharing some amazing things that they're doing with adobe's AI tools online.” — ▶ 8:12

The YouTuber believes Adobe will see a significant tailwind from AI, citing their Firefly and Photoshop updates which use a custom, copyright-cleared AI model. This integration into widely used tools adds value, potentially broadens their customer base by simplifying complex tasks, and further ingrains customers into their ecosystem.

“AI is going to be a Tailwind for Adobe” — ▶ 5:00

The YouTuber recommends selling Adobe due to its high valuation, trading at 46 times earnings, which he considers a 'crazy high price' for a mature company. While AI might broaden its user base, he questions if this justifies the stock's significant run-up, suggesting the valuation is out of whack with its growth prospects.

“Adobe again very mature company paid trading for 46 times earnings that's just a crazy high price” — ▶ 2:40

Hoium states he would buy Adobe stock if its price dropped significantly, ideally to about half its current valuation or around 25 times earnings. He believes the company's creative tools will see increasing adoption by both professionals and amateurs, driven by its strong AI strategy and market leadership, making it a compelling long-term investment at a more reasonable price.

“If it comes down in price I would absolutely love to add this to my portfolio because I think adobe's creative tools are just going to be used in more and more use cases and more interesting use cases in the future not only by professional but by amateurs as well.” — ▶ 8:50

Travis Hoium expresses strong admiration for Adobe's business, its market position, and its strategic approach to AI, particularly with Firefly. However, he finds the stock currently too expensive, citing a price-to-sales ratio of nearly 10x and a P/E of 37x for a large company. He also has concerns about the short-term financial impact of the Figma acquisition.

“I would like to get a price that's about half of what we're paying right now for this stock that's where I think it would be really really attractive even 25 times earnings would be a reasonable multiple pay to pay for something like a do Adobe.” — ▶ 8:00

The YouTuber recommends Adobe, noting its recent sell-off due to the expensive Figma acquisition. He argues that the market is overreacting, as Figma expands Adobe's reach into app and web design, offering long-term growth. He points to Adobe's strong profitability ($4.8 billion net income) and an attractive valuation at a 30 P/E multiple, suggesting investors are getting the Figma growth potential at a discounted price.

“I'm not worried about the price that they paid for figma and actually investors who are buying the stock now get that discounted into the price that they're paying for the stock.” — ▶ 7:50

The YouTuber is holding Robinhood shares, citing significant insider buying, approval for IPO underwriting, and positive monthly metrics for May 2026, particularly in equity and options trading. He believes the company is strategically moving in the right direction by expanding into more traditional banking activities and attracting younger users, despite the stock not being cheap.

“I'm going to definitely hold on to my shares. Not a buyer here, but definitely a stock that I'm holding and happy to have it be one of the biggest positions in my portfolio.” — ▶ 10:00

The analyst is optimistic about Robinhood's long-term potential, focusing on the growth of its Gold subscribers (up 54% CAGR over 3 years) and its expansion into a comprehensive financial ecosystem including banking and credit cards. He believes that as younger users build wealth, Robinhood will benefit from these tailwinds, despite its recent stock performance and correlation with crypto markets.

“As those customers build wealth and mature, Robin Hood is going to ride those tailwinds. That's a phenomenal position for them to be.” — ▶ 14:00

The analyst believes Robinhood's long-term business fundamentals are improving, with a shift towards more sustainable revenue streams like retirement accounts and Gold subscribers, despite short-term headwinds from crypto and interest rate volatility. He sees the current valuation becoming more reasonable after a significant drop, making it a potential buy if the stock declines further.

“I'm not quite at the point where I'm going to be buying Robin Hood in the asymmetric portfolio, but it's under consideration if the stock continues to drop because I think the core fundamental business continues to get better.” — ▶ 10:00

The analyst holds a significant position in Robinhood and is looking for continued growth in both revenue and user numbers. He notes that while net interest revenue has grown, overall revenue has been lumpy, and customer growth has been slow. The bullish case relies on both vectors of growth working together.

“I want to see that user number start to pick up at Robin Hood. I think that's where the growth opportunity is presented for them.” — ▶ 8:50

Travis Hoium argues that Robinhood's announced $1.5 billion share buyback is not a good use of capital at current valuations. He points out that the stock's price-to-sales multiple of 14.8 and price-to-free cash flow of 41 are historically elevated, making it an expensive time to repurchase shares. Furthermore, the buyback will largely only offset dilution from stock-based compensation, and the company is struggling with user growth, suggesting capital would be better spent on organic expansion.

“So this is not from a price to sales multiple really a phenomenal time to be buying back stock because the stock isn't particularly cheap.” — ▶ 7:00

The analyst is holding Robinhood, believing its revenue can double over the next five years due to its expanding product offerings, focus on wallet share, and international growth. Despite a high current valuation, its digital platform allows for profitable scaling and operating leverage, which could lead to a significant increase in stock price over the long term.

“I think Robin Hood's business can double over the next 5 years and with that operating leverage even if the multiple comes down price of sales or price to earnings multiple comes down I think the stock can easily double over the next 5 years.” — ▶ Watch clip

The YouTuber suggests holding Robinhood stock, acknowledging its significant drop from all-time highs and stalled customer growth. He believes the company is trying to transition from a 'yolo trading platform' to a long-term investing platform, with new features like custodial accounts being a step in the right direction. However, he notes that the impact of these new products, especially the Platinum card, might not be enough to significantly move the needle for customer acquisition and asset growth, which are crucial for the stock's valuation.

“Robin Hood isn't a significantly worse company than it was just a few months ago, but there are some headwinds for the business.” — ▶ 00:35

The analyst sees Robinhood as a long-term buy due to its diversifying revenue streams beyond volatile crypto and options, and its focus on reducing friction for investing through new products like family accounts. While acknowledging the current valuation isn't a 'no-brainer', he would consider adding more if the stock pulls back further, seeing it as a digital platform well-positioned for the future.

“If shares fall a little bit more, this is one I'm going to be back in the truck truck on potentially in 2026.” — ▶ 19:00

Travis Hoium suggests avoiding Robinhood stock despite some positive aspects like growth in Gold subscribers and retirement accounts. He is concerned about the slowing user growth, the high P/E ratio of 40, and the potential for revenue to turn negative in a down market due to reliance on volatile options and margin trading. He wants to see better execution on organic growth.

“So look, the results were pretty good for Robin Hood, but I don't think that all of the core is growing in the way that I want. In particular, I want to see the user growth.” — ▶ 8:00

The YouTuber sold a portion of his Robinhood position in early December to reallocate risk, as it had grown to over 15% of his portfolio. He is concerned about its high price-to-sales multiple (over 24x) and the potential for revenue growth to slow or even turn negative if market conditions for options, crypto, and equities weaken, given its user base's risk tolerance.

“It's very possible that Robin Hood goes from being a company that's growing revenue at 100% to potentially even have regular revenue go negative.” — ▶ 7:00

The YouTuber sold shares of Robinhood earlier in December, taking profits due to the stock's significant run-up. He is concerned about declining funded customers and potential revenue slowdowns, especially given the stock's high valuation multiples (P/E over 50, P/S over 26). He notes that if growth slows, the market could react negatively to the expensive valuation.

“I took some profits on that big position in the portfolio because Robin Hood has been on an absolute tear.” — ▶ 00:28

Travis Hoium considers Robinhood his biggest position due to its potential to disrupt the financial services industry. He highlights its shift from options trading to net interest revenue and fee-based services like credit cards, expanding its 'wallet share' and moving into banking and prediction markets. The company shows strong revenue growth (75% over the past year, 100% in the most recent quarter) and positive net income and free cash flow, indicating operating leverage.

“Robin Hood is actually my biggest position right now in the asymmetric portfolio. That's in large part because of this chart right here. Over the past year or so, shares are up about 300%. Shares are up about 600% since I originally invested in Robin Hood. And the potential here is that they're going to disrupt the financial services industry in a number of different ways.” — ▶ Watch clip

The YouTuber is holding Robinhood shares, noting their significant price appreciation and strong operational growth, with quarterly revenue up 100%. He highlights the company's expanding features, like the Gold card with 3% cashback, which he believes are driving user engagement and making it a go-to application.

“Robin Hood shares are up 193% so far in 2025. And guess what? Their quarterly revenue just grew 100%.” — ▶ 01:00

The YouTuber is bullish on Robinhood for the long term, citing its successful transition to a fee-based business model driven by net interest revenue, and its digital-first approach allowing for global expansion. He believes its ability to bring sophisticated financial products to a broader audience, such as prediction markets, will provide significant tailwinds.

“I think there's going to be phenomenal growth as they expand into more geographic areas, as they offer more products, as they bring new things to market that have only been available to really high-end earners.” — ▶ 12:00

The YouTuber plans to hold Robinhood until at least 2040, citing its multi-decade growth runway. He highlights the shift from options trading to a more diversified business driven by net interest revenue, product expansion (credit cards, subscriptions, retirement accounts), and geographic expansion. Despite the current high valuation, he believes the company's operating leverage, increasing customer base, and unique subscription-based model (Robinhood Gold) provide significant long-term tailwinds, potentially making it a 10x stock.

“I plan on holding until at least 2040 is Robin Hood. This is one of my most successful stocks in the asymmetric portfolio, already up over 600%. But there's still a ton of growth runway for Robin Hood.” — ▶ 00:00:10

Travis Hoium is bullish on Robinhood, citing its expansion into prediction markets as a new high-margin growth driver. He also highlights the company's shift towards a membership-based model with Robinhood Gold, which fosters customer loyalty and increases revenue per user, and the significant upside in assets under custody and user base growth compared to larger financial institutions.

“This is why the market has been pushing shares higher all year. This is why this is now the top holding in the asymmetric portfolio.” — ▶ 00:45

Travis Hoium is bullish on Robinhood (HOOD) due to its inclusion in the S&P 500, which will generate significant buying pressure from index funds. He also highlights the company's improved operational performance, including growth in funded customers, assets on the platform, and revenue, as well as new growth drivers like credit cards and prediction markets. He notes the company has matured beyond its 'YOLO platform' image.

“This isn't the reason I own shares, but it is a nice day to be a shareholder of Robin Hood. So, let's dig into it.” — ▶ 01:20

The YouTuber is holding Robinhood stock, which is his largest position, due to its significant growth and strong underlying business momentum, particularly in customer acquisition, Robinhood Gold subscriptions, and retirement accounts. However, he notes the stock is currently very expensive at 25 times sales, which tempers his enthusiasm for adding more at this price.

“This is my biggest holding in the asymmetric portfolio. I'm absolutely not selling, but I also don't want to set those expectations too high because this is a very, very expensive stock today.” — ▶ 10:00

The YouTuber is holding Robinhood shares despite high valuation multiples (28.5x sales) because the business fundamentals are strong, showing significant growth in revenue, customer engagement (Gold subscribers), and product expansion. He believes the long-term tailwinds from product, geographic, and generational shifts are too compelling to sell, even if the current valuation makes him uncomfortable buying more.

“At the end of the day, my final answer is I'm just going to hang on to my shares of Robin Hood. Yes, the valuation makes me a little uncomfortable, but it's hard to look at the business and see any major flaws in the business.” — ▶ 12:00

The YouTuber is holding Robinhood, noting its significant multiple expansion from five times sales to 20 times sales. He implies that continued fundamental performance could drive further stock appreciation.

“if a stock that I buy at five times sales goes to 20 times sales, like Robin Hood has, for example, I'm happy to keep holding that stock in my portfolio.” — ▶ 4:00

The YouTuber states he is holding Robinhood despite its high valuation (over 20 times sales) because the company is executing flawlessly, expanding into new markets (Europe with stock tokens), and innovating in blockchain technology. He believes these initiatives will drive significant long-term growth and customer acquisition, justifying the current high price.

“But that's why I'm not selling either because Robin Hood is executing just absolutely flawlessly right now and it's doing so at a profitable level.” — ▶ 7:00

The YouTuber is holding Robinhood due to strong tailwinds, including its shift from a 'yolo trading' platform to a more mature financial services company, evidenced by net interest revenue becoming its largest segment and rapid growth in retirement accounts. He notes the company's young customer base entering higher earning stages and potential for geographic expansion and new product offerings, despite its current high valuation. He would buy more on a pullback.

“I would love to buy more shares of Robin Hood stock if there's a pullback.” — ▶ 9:00

Travis Hoium is impressed by Robinhood's new product offerings, including strategies, banking, and family accounts, which he believes democratize financial services and attract more customers and assets. He sees the company as disruptive to traditional finance due to its digital infrastructure and operating leverage. While acknowledging the current high valuation, he views a significant pullback in 2025 as a buying opportunity for long-term dollar-cost averaging.

“if there is a drop in the market and a drop in Robin Hood shares I'm going to be look to looking to dollar cost average because again this is the kind of company that's disrupting the traditional Financial infrastructure that's exactly where I want to be as an asymmetric investor” — ▶ 10:00

The YouTuber owns shares of Robinhood and is not selling despite potential short-term slowdowns in Q1 2025. He believes the company is fundamentally heading in the right direction due to increasing gold subscribers, high gross margins, and flat operating expenses, indicating improved profitability. However, he acknowledges the stock is currently expensive based on its P/E and P/S multiples, suggesting a pullback would make it a more attractive buying opportunity.

“I own shares of Robin Hood a little bit worried about the price but I'm not going to sell shares because they have one month that's a little bit weaker than the month earlier.” — ▶ 1:00

The YouTuber indicates interest in buying Robinhood shares if the price pulls back to a more reasonable level, specifically mentioning the $35, $30, or even $25 per share range. He views the company as fundamentally sound with improving profitability metrics, but its current valuation is too high to justify buying at present.

“You start getting to that 35 30 even $25 per share price point now you're looking at a growth stock that's priced a little bit more appropriately.” — ▶ 7:00

The YouTuber is holding Robinhood stock, which he already owns, because he believes the company has matured significantly since its IPO, showing strong growth in assets under custody and a shift towards more stable non-trading revenue. While he sees long-term growth potential due to product expansion and attracting younger generations, the current valuation is considered too expensive for a new buy.

“is this a stock that I'm buying today probably not this is probably a little bit too expensive for Robin Hood I do already have a position so I'm definitely holding on to that this is not a stock that I'm going to sell right now” — ▶ 10:00

The YouTuber indicates he would aggressively buy Robinhood stock if its price drops to around $10 per share. This price point would align with a 1x price-to-book value, which he considers a significant discount and a strong entry point, especially during a major market pullback.

“if we get to a One Price to Book value for Robin Hood that's when I think you start to think about back in the the truck up for a stock like this that would put you in a price range of about $10 per share” — ▶ 10:40

The YouTuber is holding Robinhood, viewing it as a phenomenal company with improving margins and growth without significant increases in operating costs. He highlights the long-term profitability potential of its Robinhood Gold subscription service, which attracts assets by offering benefits like IRA matches and cash back, creating a strong business model.

“I have been just buying regularly and I'm doing absolutely nothing with this position because it is such a phenomenal company.” — ▶ Watch clip

The YouTuber is holding his existing shares of Robinhood due to strong business momentum, including phenomenal revenue growth, increasing gold memberships, and expansion into retirement assets. He believes the company's differentiated business model, similar to Costco's, provides a long-term competitive advantage. However, he is not adding to his position at the current valuation, as the stock is trading at 20 times sales and over 40 times earnings, making it expensive and priced for perfection.

“I do think it's important to disentangle the business from the stock the business is doing extremely well I love what Robin Hood is doing I love the momentum in the business... but all of that said the stock is very expensive.” — ▶ 10:00

The YouTuber indicates he would consider buying more Robinhood shares if there is a market pullback or a temporary operational setback, which he believes would create a better entry point. He views the current valuation as too high, but remains confident in the long-term business prospects and would add to his position at a more attractive price.

“I just think there's going to be better opportunities to add more to my Robin Hood position.” — ▶ 10:50

The analyst recommends Robinhood as a fast-growing and now profitable financial services company. He emphasizes the success of its Gold subscription model, which attracts customers with higher interest rates and credit card benefits, creating a profitable revenue stream similar to Costco's membership model. He sees multiple decades of growth ahead through international expansion and new account types, making it a long-term acquisition target.

“Robin Hood is playing out a similar playbook in The Brokerage business and they have a ton of Tailwinds behind them they are only now starting to really expand internationally there's a ton of different different asset classes and account types that they can expand into.” — ▶ Watch clip

Travis Hoium believes Robinhood has significant long-term growth potential due to increasing deposits, expansion into retirement accounts, international growth, and new product offerings like mutual funds and fixed income. He also highlights its digital-first approach and strong appeal to younger generations. While acknowledging its high valuation and short-term risk, he sees any significant pullback as a buying opportunity for a long-term investment.

“If there is a pullback in the market this is one I will likely be buying aggressively.” — ▶ 0:50

The analyst believes Robinhood has matured significantly beyond its initial 'YOLO trading' phase, expanding into new products like credit cards and retirement accounts. It benefits from a younger customer base that will accumulate wealth over time, significant international growth potential due to its digital-first model, and opportunities to expand its account and service offerings. The company's strong net deposit growth indicates continued momentum.

“Robin Hood came public in the YOLO trading market during the pandemic but it's a very different company today than it was back then... I think this is another one of the top fintech stocks today.” — ▶ 5:00

The analyst holds Robinhood, citing its successful strategy with Robinhood Gold membership, attracting significant assets, and its potential for international expansion and growth in retirement accounts. While acknowledging the stock is 'pretty expensive' (forward P/E 40, P/S 15), the analyst believes its digital-first platform and appeal to Millennials provide a long-term 'huge Tailwind' for double-digit growth.

“I still love Robin Hood that price is that price is getting pretty expensive for the stock but that's the theme for all these companies that has have done really well this year is that multiple expansion was a big piece of the story.” — ▶ 38:00

The YouTuber, a shareholder, is holding Robinhood (HOOD) due to strong November metrics, including significant growth in funded customers, net deposits, and trading volumes, particularly in crypto. He highlights the company's improved operating leverage, growing Gold subscription revenue, and long-term potential to capture more wallet share from younger investors. Despite the stock's recent run-up, he sees continued momentum.

“everything continues to go well for Robin Hood right now they released their November numbers which we got a little bit of a sneak peek of recently but they released the full monthly metrics for November and that's really what gives investors an idea of what's going on throughout the quarter” — ▶ 00:00:00

The YouTuber indicates he would buy more shares of Robinhood if there is a market pullback or recession. He views this as an opportunity to acquire shares at a better price, given his strong conviction in the company's long-term growth trajectory and potential to become a dominant financial market player over the next decade.

“if there is a pullback because there's some sort of pullback in the market or some sort of recession that's when I think there would be an opportunity to pick up more shares of Robin Hood because long term this is a company where you need to have a decade long vision” — ▶ 10:10

The YouTuber is holding his existing shares of Robinhood due to its strong long-term growth potential, driven by expanding product offerings, increasing wallet share, and international expansion. He believes the company is executing well and will be a major player in financial markets in the future, despite the stock's current high valuation.

“after the recent runup I'm a little hesitant to buy more shares of Robin Hood but I'm definitely riding what I have in Robin Hood right now” — ▶ 10:00

The analyst recommends buying Robinhood stock due to fundamental improvements and business momentum. Key drivers include increased cryptocurrency trading, significant growth in retirement accounts with higher assets under custody, and the success of the Robinhood Gold subscription model which attracts more profitable, long-term customers and provides a differentiated revenue stream. The company has also become profitable, generating $525 million in net income over the past year.

“more cryptocurrency trading, more retirement accounts and more Robin Hood gold customers are I think three phenomenal reasons to own Robin Hood stock right now” — ▶ 08:00

The YouTuber is bullish on Robinhood, citing its digital-first approach that disrupts traditional finance with brick-and-mortar infrastructure. They emphasize the company's success in attracting assets, particularly with the growth of retirement accounts and the Robinhood Gold membership, which provides a strong value proposition and recurring revenue. The CEO's strategy to capture millennial wealth and the company's crypto business are also seen as long-term growth drivers.

“This is going to be a competitor that's going to be able to be more cost effective than most of their brick and- mortar competitors and that's why they're winning market share and I think that will continue for the foreseeable future.” — ▶ 7:00

Travis Hoium believes Robinhood is heading in the right direction despite a negative market reaction to recent earnings, which he attributes to investors focusing on short-term numbers. He argues the company is attracting a more affluent customer base, growing its Gold subscribers, and expanding into retirement accounts and credit cards, which will drive long-term recurring revenue and growth. He sees Robinhood as having a superior cost structure and technology compared to legacy brokers.

“I think Robin Hood is heading in the right direction obviously the Market's reaction wasn't positive but I think that's because investors were just looking at those short-term numbers but pull back a little bit that's why I'm looking at this at time as a time to accumulate shares keep building my position in Robin Hood because this is a company I think is going to be in much better position 5 10 15 years from now.” — ▶ 13:00

Travis Hoium suggests that Robinhood's new 'Legend' product, targeting active traders, will drive long-term growth by increasing assets under custody and margin loan revenue. He notes that net interest revenue is already over half the company's revenue, and this strategy will further differentiate Robinhood by offering advanced tools at a low cost, primarily through Gold memberships.

“I think all of these features all of the additions that they made the bonuses that they're giving to customers are really just moving the company forward in its long-term Vision to be the place that more and more people whether you're a retail Trader whether you're using a mobile device whether you're using a desktop want to do their trading.” — ▶ Watch clip

The analyst views any significant pullback in Robinhood stock as a buying opportunity, citing the company's strong long-term trajectory, particularly its success in attracting more affluent customers and growing assets under custody. While August metrics were slightly weak due to ended promotions, the overall trend of increasing net interest revenue and the potential for the Robinhood Gold subscription model to drive profitability are positive. However, the stock's current high valuation (8x P/S, 61x P/E) is a concern, making a pullback desirable for entry.

“I'm certainly looking at any pullback especially a significant pullback in the stock as a buying opportunity as I build a position in Robin Hood” — ▶ 12:00

The analyst is bullish on Robinhood due to its strong growth in funded customers and assets under custody, particularly the increasing adoption of its Gold subscription which drives profitability and customer retention. He notes the company's operating leverage, recent profitability, and expansion into new products and more affluent customer segments, believing the current valuation is reasonable given its 40% growth rate.

“I think one of the best growth stocks in finance today is Robin Hood and the company reported great earnings this past week not much of a market reaction the stock is still down almost $5 from just a few weeks ago so I want to go through why I'm so bullish on this company.” — ▶ 00:00:00

The analyst recommends Robinhood, highlighting its user-friendly platform and success in attracting billions in assets under management through incentives like bonuses for transfers and IRA contributions. He points to the company's growing subscription revenue from Robinhood Gold, profitability, and strong asset inflows as key drivers. The analyst believes Robinhood's digital-first infrastructure gives it a competitive edge over traditional brokers.

“I think Robin Hood just has an has infrastructure in products that a lot of its competitors like swab like interactive brokers just can't compete with they just don't do what Robin Hood does quite as well as this company and I think this momentum is going to continue” — ▶ 8:50

The YouTuber believes Robinhood is well-positioned to benefit from the shift to 24-hour trading, a trend they see as inevitable. Robinhood's business model, heavily reliant on payment for order flow, incentivizes increased trading volume, which 24-hour trading would provide. They also highlight Robinhood's lower operating costs compared to traditional brokers, allowing them to leverage their existing infrastructure more efficiently.

“I think this is probably bigger news than a lot of investors think and just like $0 trading fees this could be Robin Hood again leading the way in disrupting the traditional brokage business.” — ▶ 9:00

Travis Hoium is bullish on Robinhood, citing its shift towards a more affluent customer base, increasing assets per user, and the success of its Gold subscription program. He believes the company's digital-first model provides significant operating leverage and growth potential compared to traditional financial institutions, with analysts underestimating its future growth rate.

“I really love the business model that Robin Hood is putting in place they have a lot more operating leverage and a lot more opportunity to grow than a lot of their brokerage and banking competitors so just tremendous growth potential for this company.” — ▶ 08:00

The analyst views Robinhood's $1 billion share buyback program as a positive sign, indicating management believes the stock is undervalued given its $5 billion cash reserves. He also notes strong business momentum with increasing funded customers, assets under custody, and deposits, suggesting the company is maturing and attracting wealthier clients. He plans to add to his position as the buyback program takes place.

“this is one that I've owned that I'm adding to a little bit over time and I'll probably continue to do that as this buyback program takes place” — ▶ 10:00

The analyst believes Robinhood is a disruptive fintech company moving in the right strategic direction, particularly with its Gold subscription model which offers unique benefits and creates a sticky customer base. Despite current high valuation, the recent stock pullback is seen as a buying opportunity for long-term investors, as the company is attracting higher-value customers and showing strong growth in assets under custody and retirement accounts.

“I think this is more of a buying opportunity than it is a warning sign for investors if you're thinking about this company longterm and whereas Robin Hood going to be 5 to 10 years from now I really like where the company is going and it looks like they can continue to add customers at an extremely rapid rate given those benefits that they're giving out.” — ▶ 10:00

The analyst believes Robinhood's new Gold benefits, including a 5% APY on cash and a 3% cash-back credit card, are highly disruptive to traditional banking. This strategy aims to attract more assets and customers to their ecosystem, similar to how traditional banks operate but with digital tools, positioning them for long-term growth despite current unprofitability.

“I think this is ultimately really disruptive to the banking industry and that's why this is so important for Robin Hood what I'm thinking about is potentially adding a base of Robin Hood and Sofi to my portfolio” — ▶ 9:00

The analyst is excited about owning Duolingo shares, citing its compelling valuation with an enterprise value to sales of 3.5 and price to free cash flow of 15, despite a 34% CAGR in revenue over the past five years. He anticipates an inflection point in operations later this year and into 2027, driven by growing daily active users and a strong balance sheet with significant free cash flow and no debt. He believes the risk-reward is favorable compared to high-multiple AI stocks.

“I'm still excited about owning shares.” — ▶ 00:40

The analyst sees Duolingo as an overlooked stock with significant long-term potential, despite its recent stock price decline. He points to its 38% compound revenue growth rate, positive free cash flow, and strategic expansion beyond language learning into math, science, and history, aided by AI. The current valuation, with a forward price to free cash flow of 16, presents a buying opportunity before an anticipated sentiment change as daily and monthly active users continue to grow.

“That's why I'm adding shares before they get too expensive cuz I think this is a great buying opportunity long term.” — ▶ 20:40

The analyst is bullish on Duolingo, arguing that the market misunderstands its long-term vision despite slowing revenue growth. He points to strong free cash flow, a $400 million share buyback, and management's goal to double daily active users to 100 million by 2028, projecting $2.5 billion in revenue and $700 million in adjusted EBITDA by then, making the current $3.5 billion enterprise value attractive.

“If Duolingo can get to the point where it's generating $2.5 million worth of revenue... this is a stock that could easily 5x, 10x by 2030.” — ▶ 9:30

The YouTuber recently bought more Duolingo stock, citing its strong balance sheet with over $1 billion in cash and a new $400 million share repurchase program. He believes the company offers significant upside potential if it achieves its 2028 goals of 100 million daily active users, which could lead to $2.5 billion in revenue and $700 million in adjusted EBITDA, making the stock undervalued at a projected five times adjusted EBITDA. The downside is limited due to its cash position and positive free cash flow.

“One of the stocks that I bought in March is Dualingo. And this really fits the profile perfectly because the company is a great value for investors today.” — ▶ 00:10

The YouTuber sees Duolingo as a long-term buy despite recent stock declines and short-term guidance concerns. He believes management's focus on increasing daily active users and engagement, even at the expense of short-term profitability, will lead to significant growth by 2030-2035. The company's strong balance sheet and share repurchase program also provide a safety net and demonstrate confidence.

“Like I said, it's a small position in the asymmetric portfolio today, but likely one that I'll add to in 2026 if we start to see momentum moving in the direction of attracting more users and more engagement on the platform.” — ▶ 12:00

The analyst considers Duolingo undervalued, highlighting its strong growth with a 42% 3-year CAGR and a trailing P/E of 19, along with $1 billion in cash. He emphasizes the consistent growth in daily active users and paid subscribers, and believes the company's expansion into new modalities (math, chess) and the utility of language learning for job skills will make it a more valuable and sticky platform, countering disruption fears.

“I think this is going to continue to be a growth company. And if it is, the valuation is pretty attractive. Right now, the price to sales multiple that used to be about 30. Right now, it's only about seven.” — ▶ 19:40

The analyst views Duolingo's recent stock plunge as an opportunity, arguing that the CFO transition is not a red flag and the company's Q4 2025 guidance for bookings and daily active users is strong. He believes the company is making good long-term strategic decisions by investing in product and user growth, expanding into new educational modalities, and that the current valuation, particularly price-to-free cash flow, is attractive given its growth rate.

“So, Dualingo is a stock that I started buying a few months ago. It's likely that I'm going to buy more in 2026 because I think operations right now are telling us that management is making the right long-term decisions.” — ▶ Watch clip

The YouTuber argues that Duolingo is not being disrupted, as evidenced by its continued rapid growth (42% TTM CAGR) and strong free cash flow generation. The company is actively investing in daily and monthly active user growth, with over 50 million daily active users. The 10x opportunity lies in expanding beyond language learning into other modalities like math and chess, transforming into a broader learning platform and expanding its addressable market.

“I think Dualingo has a more durable business just in languages than a lot of the market thinks. But the real 10x opportunity is in adding more modalities, adding math and chess like they did recently.” — ▶ 18:30

Travis Hoium is buying Duolingo shares, arguing the market misunderstands its AI disruption risk and its intentional growth strategy. He believes the company's focus on user growth over short-term profits, strong financials, and reasonable valuation (EV/Sales of 8, P/FCF of 25, dropping to 20 forward) make it an attractive long-term compounder, especially given its recent stock decline.

“That's why I'm adding to my position in Dualingo. It's a small position right now, but that will hopefully grow if the stock continues to trade at a really good valuation.” — ▶ 10:00

The YouTuber argues that Duolingo, despite a significant stock price drop, presents a buying opportunity due to strong user growth (DAU up 36% YoY), increasing paid subscriber penetration, and a strategic shift towards long-term user growth over short-term monetization. He believes the market misunderstands Duolingo as solely a language app, while it's expanding into a broader education platform (math, chess) with potential for significant future value and subscription growth. The company is profitable, cash flow positive, and has a strong balance sheet, with current valuation metrics (EV/Sales 5.9, EV/EBITDA 20) becoming compelling for a growth stock.

“I'm starting to dollar cost average into shares of Dolingo because I do think that this is a company that can grow their platform significantly, grow the value of that subscription, and then grow that user base.” — ▶ Watch clip

The YouTuber sees Duolingo as a buying opportunity after a 63-64% drop from its May high, arguing that AI disruption fears are overblown. He highlights consistent 45% CAGR revenue growth, improving operating margins, and strong user growth (50M DAU, 135M MAU). He believes the company's focus on engagement over short-term monetization and its expansion into broader educational content beyond languages provide significant long-term upside.

“I think the future is still bright. The real opportunity is moving in really beyond languages to more learning curriculums.” — ▶ 09:40

The analyst highlights Duolingo's strong growth potential, noting that AI is a benefit, not a disruption, as evidenced by its use of OpenAI's API for features like AI conversations. Despite a high P/E of 130 and P/S of 15, the company's nearly 40% revenue growth rate and significant margin improvement justify the valuation. The long-term opportunity lies in expanding into new modalities beyond language, such as math and science, and converting more of its large user base to paid subscriptions.

“Duolingo is a leader obviously in teaching language, but I think what's misunderstood here is they're not really being disrupted by artificial intelligence. AI is actually a benefit for them.” — ▶ 12:50

The YouTuber is buying Duolingo due to its strong revenue growth (46% CAGR since 2020, 40% last year) and improving operating leverage, leading to profitability. He also highlights the company's clean balance sheet with over $1 billion in cash and the CEO's vision to expand beyond language learning into a broader 'learning app' with products like math and chess, which he believes offers 10x potential. Additionally, potential tailwinds from app store policy changes could boost margins.

“This is a stock I'm going to be adding to the asymmetric portfolio in October.” — ▶ 8:00

The YouTuber views Alphabet's $80 billion equity raise as a strategic and positive move, despite the immediate stock dip. He argues it provides financial flexibility for AI buildout without excessive debt, capitalizes on a high stock price, and positions Alphabet to outcompete rivals who may need to rely on debt for their AI investments. The dilution is considered minimal (2%) given the company's size.

“So as an Alphabet shareholder, I actually love this move because it's relatively low dilution, only about 2% dilution. Gives them a ton of flexibility if they are seeing the ROI in this AI buildout.” — ▶ 12:00

The YouTuber suggests buying Alphabet as a way to gain exposure to high-growth private companies like Anthropic and SpaceX. Alphabet has significant investments in these companies, which have contributed to substantial non-operating income and asset value on its balance sheet, offering a meaningful, albeit indirect, stake in their growth.

“But, the biggest positions to know about with Alphabet specifically are the position in Anthropic and also SpaceX.” — ▶ 4:00

The analyst maintains a strong buy recommendation for Alphabet, citing its continued growth in search (16% CAGR) and YouTube (22% CAGR), and robust performance in Google Cloud (40% CAGR). He views Alphabet as the 'easy button' for AI exposure, with diversified investments in chips, models, and distribution, and a strong cash flow business that can acquire assets during market downturns. He predicts it will be the first company to reach a $10 trillion valuation.

“I continue to think that Alphabet is the easy button in AI. If you think AI is going to be something big in the future, but don't necessarily know which stock is going to do well, this one gives you kind of exposure to everything.” — ▶ 14:30

The analyst is bullish on Google (Alphabet) because OpenAI's exit from the AI video generation space leaves a wide-open opportunity for Google to dominate. Google can leverage its existing YouTube platform, which has vast video content and generates significant revenue, to train and distribute its AI models. Additionally, Google Cloud's accelerating growth and profitability, driven by enterprise AI solutions, further strengthens Google's position in the AI market.

“This is the one artificial intelligence stock that I own because they have the model creation and they have more importantly the distribution and the business model behind AI to make all of this make sense, make financial sense long term.” — ▶ 1:00

The YouTuber believes Google has won the AI race due to its new universal commerce protocol and Apple's adoption of Gemini for Siri. These developments leverage Google's massive distribution advantages and existing user base, positioning them to monetize AI effectively and take market share from competitors like OpenAI, which struggles with profitability. The Apple deal also shifts revenue from Google paying Apple to Apple paying Google, further strengthening Google's financial position.

“I think Google and Alphabet have won the AI race over chat GPT and and their announcement of a universal commerce protocol I think is really the nail in the coffin.” — ▶ 00:00:05

The YouTuber recommends Alphabet as a long-term hold due to its strong vertical integration, leadership in AI, and significant investments in Google Cloud, which is growing rapidly with improving operating margins. He believes the current valuation of 25 times earnings is reasonable given its future growth potential and strong balance sheet, which allows it to outspend competitors.

“I think Alphabet is in a much better position than a lot of investors think. Even consider the fact that they own YouTube where you're watching this today. Incredibly valuable. More people are watching more hours on YouTube on TVs. not just mobile devices but TVs than Netflix. So a phenomenal growth story long-term for Alphabet. I think you can just set it and forget it.” — ▶ 4:40

The YouTuber views Alphabet as a core player in AI and technology, highlighting the success of Gemini, continued double-digit growth in search, and YouTube's dominance. He notes its 27 P/E multiple is fair for a company with an 18% 10-year revenue CAGR and 25% 20-year net income CAGR. He also points to Google Cloud's market share gains and its unique TPU ecosystem as competitive advantages.

“Just a phenomenal business, trading at a really fair price. I think over the next year, the market's really going to figure out this is the best play in artificial intelligence.” — ▶ 5:30

The YouTuber is bullish on Alphabet (GOOG) because the recent court ruling allows them to retain their Chrome business, which is a critical distribution platform for their AI initiatives. This removes a significant regulatory risk and strengthens their competitive advantage against other AI companies. Alphabet's strong financial position also allows them to invest heavily in AI infrastructure and development.

“I think this is a very underestimated company in artificial intelligence. They have more advantages than the market thinks.” — ▶ Watch clip

The analyst rates Alphabet as the top stock in the Mag 7 due to its strong valuation, with a P/E multiple under 20, and consistent growth in its search business despite concerns about AI disruption. He highlights the growth in YouTube and the Google Cloud segment, which is becoming increasingly profitable and leveraging long-term investments in AI.

“But let's go to the top stock that I think is in the mag 7 today that may not be a surprise to you. That is Alphabet. And I think when you look at Alphabet's numbers, there's it's just too good to pass up at this point.” — ▶ 6:00

The YouTuber argues that Waymo, a subsidiary of Alphabet, is the leader in autonomous driving and is scaling operations rapidly. He highlights Waymo's expansion into new cities, its repeatable playbook, decreasing hardware costs, and strong safety record. This growth provides significant optionality for Alphabet, with Waymo potentially becoming a substantial business generating over a million rides per week by the end of next year.

“I think this is phenomenal optionality for Alphabet.” — ▶ 2:00

The analyst argues that Alphabet is exceptionally well-positioned in the AI market due to its vertically integrated model, including efficient AI models (Gemma 3), TPU development, and extensive cloud infrastructure. He highlights their dominant distribution through Android and Google Cloud, which is growing at 30% annually, and their strategic move into generalized robotics models, suggesting a durable competitive advantage in the evolving AI landscape.

“alphabet one of the stocks that I own in artificial intelligence really it's the only one that has a big exposure to artificial intelligence because it's the only company that I see has a durable competitive Advantage” — ▶ 8:00

The YouTuber holds a significant position in Alphabet, viewing it as a superior investment strategy compared to pure-play quantum computing stocks. He argues that Alphabet offers a diverse and profitable business alongside its quantum computing efforts, providing upside without the speculative risk of companies solely focused on the nascent technology.

“I certainly have a big position in one Quantum Computing leader that is alphabet but you get a very diverse and very profitable business along with that I think that's a much better investing strategy today and that's what I'm implementing because that's upside you don't have to pay for like you do with these Quantum Computing stocks” — ▶ Watch clip

The YouTuber owns Alphabet shares, which provide exposure to Waymo, a leader in autonomous driving. However, Waymo is a very small portion of Alphabet's overall business, so it cannot be the core thesis for investing in Alphabet.

“until alphabet splits whmo out really the only exposure you're going to be able to get is through owning shares of alphabet so one of the reasons that I own shares but it can't be the core part of your thesis because it's just a very very very small portion of alphabet's business overall” — ▶ 7:00

The YouTuber highlights Waymo, a subsidiary of Alphabet, as a leader in the robotaxi space with operational services in multiple cities and plans for expansion. He notes their partnerships with Uber and Hyundai for custom vehicles, suggesting a scalable business model that is already deploying services, unlike some competitors.

“Let's start with the industry leader and that is clearly Waymo. This is Waymo, a fully autonomous ride sharing vehicle. They are operating in a few cities today.” — ▶ 2:00

The YouTuber believes Alphabet is the best big tech stock for the next decade due to its strong positioning in AI through Google Cloud and the potential of Waymo. He argues that the core search and YouTube businesses are reasonably priced, providing a solid foundation, while Cloud and Waymo offer significant upside potential and optionality.

“I think alphabet is really the best big Tech stock right now because it's so well positioned for the next decade of growth and it isn't just about search.” — ▶ 00:00:08

The analyst believes Alphabet's recent earnings, despite market disappointment, were positive. He highlights 13% revenue growth, 27% operating income growth, and strong performance in search and YouTube. Google Cloud's accelerating revenue growth and transition to positive operating income are seen as key future profit drivers, making the stock attractive at 26 times earnings.

“this is a stock that I bought recently and these results actually make me more bullish on the stock going forward” — ▶ 1:00

The YouTuber is bullish on Alphabet, viewing it as a 'sustaining innovation' company that will continue to lead in the AI era. Alphabet's vast user base across multiple products (many with over a billion users), significant cash flow, and in-house chip development (TPUs) position it strongly against newer, less established AI players like OpenAI. The argument is that incumbents with existing ecosystems will extract the most value from AI.

“I would want to be those incumbents this is a sustaining innovation if that's true you want to be with the sustaining companies you want to be with the market leaders today that's why alphabet is one stock that I'm very bullish on” — ▶ 09:30

The YouTuber is buying Alphabet, agreeing with Bill Ackman's recent accumulation. He views it as one of the cheapest big tech companies with a strong moat, citing its search business, improvements in AI products, Waymo, and the growth potential of YouTube, especially with upcoming sports media rights.

“I think alphabet is arguably one of the best tech stocks to buy right now and Amman seems to agree with that” — ▶ 10:00

The YouTuber recently added Alphabet to his portfolio, citing a reasonable valuation of under 21x forward earnings. He is bullish on the growth potential of Google Cloud, especially with its AI capabilities and proprietary TPUs, which he believes are not fully priced into the stock. Additionally, he sees significant optionality and long-term growth from Waymo, Alphabet's autonomous driving subsidiary, which he considers a leader in the space.

“I actually think that alphabet has a lot going for it and it's more than just a search company today on top of that you're getting a pretty reasonable value for investors and a company that's actually buying back stock pretty rapidly.” — ▶ 00:25

The analyst recommends Alphabet as a long-term buy due to its strong position in search and AI, its ownership of Waymo and YouTube, and consistent double-digit revenue growth estimates. He anticipates potential future cash returns to shareholders through buybacks or dividends, similar to Apple's strategy.

“I think we could see alphabet going to a phase where they start to return more cash to shareholders through BuyBacks or dividends this is something that Apple started doing about a decade ago and it's been really successful that for them so it could be something to look 4 from alphabet but just such a strong business that I think you can buy and hold this and hold it for a very long time” — ▶ 3:00

The YouTuber argues that Alphabet, despite initial fears, is well-positioned to benefit from AI. They have a strong user base and technical ability, already using AI in search and ads, and will integrate it further into products like Google Docs and YouTube, locking in customers and adding value in the background.

“alphabet is in a much better position than a lot of people thought in artificial intelligence it's maybe not going to be something that's flashy for them but it works in the background and that's going to be a great place to be providing products people use and allowing AI to add little benefits to those products long term” — ▶ 3:00

Travis Hoium argues that Google (Alphabet) is currently undervalued, trading at a reasonable price-to-earnings ratio for a cash-generating tech company. He believes concerns about AI competition are overblown, citing declining interest in ChatGPT searches and Google's stable search market share. The company's strong operational performance, network effects, and share buybacks further support his bullish stance.

“I think the case can be made that it is remember this is a company that a lot of investors thought was under threat from artificial intelligence just a few months ago but I think that concern has really weighed and we're cutting back into the case where alphabet strengths are really coming to the Forefront.” — ▶ 00:25

Travis Hoium recommends Alphabet, arguing that while AI might disrupt its search business, the company has diverse revenue streams like YouTube and G Suite, and is actively leveraging its own AI models. He believes its scale will be a significant advantage long-term, and it trades at a reasonable P/E of 22.

“I don't think there's any reason to make it more complicated than it needs to be well it's a great company trades for a reasonable price to earnings multiple of 22 right now it has a great balance sheet and I don't think as a technology business it's going anywhere.” — ▶ Watch clip

The YouTuber, a current shareholder, believes that even a premium buyout offer of $53-55 per share would undervalue MGM Resorts' long-term potential. He highlights the company's free cash flow generation and the potential from its Japan resort as key drivers that the market may be underappreciating.

“I would be very disappointed as a shareholder with a buyout even if they get a little bit of a premium up to let's say 53, 54, 55 dollars per share. Even that I think would underestimate the potential for MGM Resorts long term.” — ▶ 6:00

Hoium identifies MGM Resorts as a value and buyback stock, citing its aggressive share buybacks (10-15% annually) and undervalued business segments. He points to strong revenue growth in Las Vegas Strip operations (up from $5.8 billion pre-pandemic to $8.4 billion in 2025) and significant growth in MGM China. The company's positive free cash flow ($1.5 billion) and the upcoming Japan resort in 2030, which could generate over $1 billion in adjusted EBITDA, make it an attractive long-term investment, especially given its low valuation compared to industry peers.

“Management has talked about valuations where if you just pull out the valuation in their bet MGM property, what they own in Macau, which is actually publicly traded, you get to the rest of the business trading for only three or four times adjusted IBITA. Typically, you would see casino stocks trade for between 8 and 12 times adjusted IBITA. So, very undervalued from a market perspective.” — ▶ 41:00

The analyst is buying MGM Resorts due to the anticipated opening of its Japan resort in 2030, which is projected to generate significant cash flow comparable to the highly profitable Marina Bay Sands. Additionally, MGM is aggressively buying back shares, reducing share count by 10-15% annually, and its BetMGM and digital businesses are transitioning from investment to cash generation mode, further improving the company's financial outlook and balance sheet.

“One of the stocks that I think the market is vastly overlooking right now is MGM Resorts. This is a stock I've been buying for the asymmetric portfolio for quite a while now.” — ▶ Watch clip

The YouTuber recommends MGM Resorts as a high cash flow business in a supply-constrained environment, trading at a good valuation. The company has consistently repurchased shares, significantly reducing its share count. Future growth drivers include improving online gaming (Bet MGM) and the highly anticipated MGM Japan resort opening in 2030, which is projected to generate over $2 billion annually in adjusted EBITDA.

“But there are two things investors need to know about this company that's trading at a really good valuation. There's upside from online gaming. So, Bet MGM, their business continues to improve. Total IBIDA for fiscal 2025 was 221 million $220 million. That was up from $71 million a year ago.” — ▶ 8:00

The YouTuber believes MGM Resorts offers significant upside due to its online gaming segment (BetMGM) now generating cash flow back to the parent company sooner than expected. He also highlights the future potential of the Japan resort opening in 2030, which could be highly profitable. The stock is considered a value play, trading at a low multiple of cash flow, and management is actively buying back shares.

“I think there's still huge upside for MGM resorts. you get a nice combination of value and optionality for growth as investors. That's exactly what I want from an asymmetric investment.” — ▶ 07:00

The analyst owns MGM Resorts and sees significant upside due to its ownership of half the Las Vegas Strip, two casinos in Macau, and a new casino being built in Japan. Despite recent market sentiment, the underlying gaming revenue data for Las Vegas is not as bad as headlines suggest, and MGM is well-positioned for long-term cash flow and growth.

“I own shares of MGM Resorts. I think there's a lot of upside for MGM Resorts.” — ▶ 6:00

The analyst views MGM Resorts as undervalued, with a forward P/E of 16 and strong cash flow generation from its Las Vegas and regional operations. The company is actively buying back shares and has significant growth catalysts in its now EBITDA-positive BetMGM online gaming division and the upcoming MGM Japan casino, which is expected to be highly profitable.

“I think the stock is even cheaper than that when you look at their cash flow. Let's go to some of the operating numbers. There are three places where you're going to want to look at the operating trends for MGM resorts.” — ▶ Watch clip

The YouTuber is buying MGM Resorts, noting its aggressive share buyback program (15% of shares annually) despite the stock not appreciating. He believes this value opportunity will eventually pay off for patient investors.

“Then there's a company like MGM Resorts who is buying about 15% of its shares back each year. And the stock isn't going anywhere eventually. I'm just going to be the last shareholder left standing.” — ▶ 6:40

The YouTuber suggests buying MGM Resorts due to its low trading multiple and management's aggressive share buyback program, repurchasing about 15% of outstanding shares annually. He also sees growth potential on the horizon for the company.

“MGM MGM Resorts is one that I think trades for a very low multiple. Management is buying back about 15% of their shares outstanding each year with the cash that they're generating, and there's growth on the horizon.” — ▶ 10:00

The YouTuber recommends accumulating MGM Resorts due to its current low valuation, trading at an enterprise value to EBITDA multiple of 3.3x, which management is leveraging through significant share buybacks. He also highlights substantial long-term optionality from the Japan resort project, expected to open in 2030 and potentially generate over $2 billion in adjusted EBITDA annually, and the growing digital gaming business, which is becoming EBITDA positive.

“This continues to be one of my favorite stocks on the market just because it's so cheap and there's phenomenal optionality for the business long-term.” — ▶ 00:00:08

The analyst views MGM Resorts as a value stock generating significant free cash flow, which is being used for substantial share buybacks. Key growth optionality comes from its digital business (BetMGM) expected to become EBIT positive, and the highly anticipated integrated resort in Japan opening in 2030, which is expected to be a major cash flow driver.

“Number three is really a value stock that is MGM Resort's $9.1 billion market cap. This enterprise value actually includes all of the rent that they need to pay for their resorts over the next 20 or 30 years.” — ▶ 10:40

The YouTuber suggests buying MGM Resorts due to its strong balance sheet, cheap valuation (implied P/E under 15), and management's ability to buy back shares even if revenue declines. Despite being in the entertainment business, which is sensitive to economic downturns, its fixed costs and excess cash provide resilience and upside potential when the market recovers.

“So, management has said they basically have excess cash of 1 to 2 billion on the balance sheet and their costs are pretty fixed. So, even a pullback in their revenue is going to leave them probably with positive free cash flow.” — ▶ 7:00

The YouTuber suggests buying MGM Resorts, citing its strong cash flow from Las Vegas and Macau operations, and the significant growth potential from its 40% stake in the upcoming Japan casino. He also notes aggressive share buybacks (15% annually) and the digital business (BetMGM, LeoVegas) expected to become cash flow positive, all at a P/E of 13.

“Love the valuation and that growth potential if you have a long-term view like I do.” — ▶ Watch clip

The analyst believes MGM Resorts is currently overlooked by the market, trading at a low valuation relative to its free cash flow generation and share buyback activity. The primary growth catalyst is the upcoming Japan casino, which is projected to be highly profitable, potentially exceeding the performance of Marina Bay Sands, and significantly impact MGM's overall EBITDA, especially given its current market cap.

“That's why I'm so excited about MGM Resorts and in particular the value that you get with the current business combined with the growth opportunities from properties like MGM Japan.” — ▶ 10:00

The YouTuber sees MGM Resorts as a value stock due to its cash-generating casinos and aggressive share buybacks. Key growth drivers include its 50% stake in BetMGM, which is expected to generate $500 million in annual cash flow, and a 40% ownership in the only casino being built in Japan, projected to be a highly profitable resort. These growth areas are currently undervalued by the market.

“you're basically getting it for free at the current price with MGM stock” — ▶ 29:00

The YouTuber considers MGM Resorts a value stock with a phenomenal strategic position. He expects long-term demand for its destinations (Las Vegas, Macau, Japan) to rise as remote work increases. The company trades at a low valuation (around 4x adjusted EBITDA when publicly traded assets are excluded), allowing for significant share buybacks and investments in iGaming and new resorts, while generating consistent cash flow from non-gaming activities.

“If you pull out the assets that are publicly traded which their maau property is the company actually only trades for about four times adjusted iita.” — ▶ 12:40

The analyst recommends buying MGM Resorts due to its attractive valuation, with the core business trading at four times 2024 adjusted EBITDA compared to a historical range of 8-12x. Management is aggressively buying back shares, which is expected to boost EPS, and future growth opportunities from BetMGM profitability and the Japan casino are not yet priced into the stock.

“The market just doesn't value this company very highly right now and that's really the opportunity for investors.” — ▶ 8:00

The analyst recommends MGM Resorts, citing its protected revenue streams from limited supply in Las Vegas and Macau, where it owns significant assets. He points to growth optionality in online gaming and a new casino in Japan opening in 2030. Additionally, the company's aggressive share buyback program, with a 15% buyback yield, is seen as a strong value driver.

“management is basically using all of the cash that they're generating for the business because they already have excess cash on the balance sheet they have very little debt very manageable level of debt so they're using the ex excess cash that's being generated by the business to buy back shares they're buying back about 15% of their shares outstanding.” — ▶ Watch clip

The YouTuber is buying MGM Resorts due to its extremely low valuation, trading at only 3.5 times adjusted property EBITDA, which implies the business is getting worse, contrary to actual numbers. He highlights significant share buybacks (15% annually) reducing shares outstanding, and future growth drivers like the digital gaming business (BetMGM), the Japan casino, and potential UAE expansion, which he believes are not currently priced into the stock. The company also benefits from a strong moat around its Las Vegas properties.

“this is a company that I think has a ton of tail wins a very very sticky business and the valuation is just too good to pass up right now.” — ▶ 10:00

The YouTuber sees MGM Resorts as an attractive investment due to its ownership of significant assets like half of the Las Vegas Strip and casinos in Macau, with a new profitable resort in Japan opening in 2030. The company is trading at a cheap valuation (4-5x EV/EBITDA) and is actively buying back 10-15% of its shares annually, in a market with limited new competition, suggesting long-term profitability and asymmetric potential.

“MGM owns about half of the Las Vegas Strip but it also has two casinos in maau and is building a casino in Japan that could be one of the most profitable resorts in the world.” — ▶ 15:08

The analyst argues that MGM Resorts is a strong buy despite a recent stock decline, as the market is misinterpreting Q3 earnings. He highlights strong non-gaming revenue growth, aggressive share buybacks, and significant future upside from online gambling optionality and a new casino in Japan, all contributing to a current valuation of approximately six times adjusted EBITDA.

“So I think this is a phenomenal value for investors at the worst management is just going to continue buying back stock that should give you appreciation long term of 15 to 20% and there's plenty of upside from there.” — ▶ 13:00

The YouTuber sees significant value in MGM Resorts due to its strong strategic positioning in Las Vegas, regional US markets, and Macau, with a new resort in Japan expected by 2030. He notes the lack of new supply in key markets and expects continued growth in entertainment spending. The stock trades at a P/E of 15 and an EV/EBITDA of under 9, with aggressive stock buybacks expected to drive EPS growth of 10-15% annually.

“I think MGM great risk reward balance for investors right now.” — ▶ 29:50

The analyst argues MGM Resorts is an 'insanely cheap stock' with a wide moat, trading at an attractive Enterprise Value to adjusted EBITDA multiple of 7.5. He highlights strong revenue growth in Macau and Las Vegas, significant share buybacks, and future catalysts like the Japan casino opening in 2030 and potential profitability from iGaming. The company is returning cash to shareholders at a rapid rate, which could boost EPS by over 15% in the next decade.

“I think this is just one of the cheapest stocks on the market today like I said wide mode around the business this is now a cash flow business they're returning that money to shareholders at a really rapid rate so if you haven't looked at MGM Resorts in a while I think it's one to check out.” — ▶ 10:00

The YouTuber owns shares of MGM Resorts, noting that while their BetMGM online business has struggled, the company benefits from a symbiotic relationship between its physical casinos and online gaming. This integration allows for lower customer acquisition costs and provides states with an incentive not to over-tax the online component due to the physical presence and economic benefits.

“this is why I own shares of MGM Resorts now they don't have a ton of value in their bet MGM business and they have struggled to make that business profitable but there is at least a tie between the physical business and the physical casinos that they have and the online gaming that they have.” — ▶ 08:30

The YouTuber argues that MGM Resorts is significantly undervalued, trading at a 4.9x Enterprise Value to EBITDA multiple compared to a historical average of over 10x for gaming companies. He highlights strong Q2 financial results, aggressive share buybacks, the long-term potential of the Japan resort opening in 2030, and management's projection of mid-teens free cash flow per share growth through 2028. He believes the market's 13% sell-off post-earnings was an overreaction.

“given the valuation of the stock I think this is a phenomenal Buy in the market and the stock market has gotten the reaction to this quarterly report wrong” — ▶ 14:00

The analyst favors MGM over Caesars due to its exposure to Macau, which is a significant cash flow generator for the gaming industry. MGM also has a clear strategy of returning value to shareholders through stock buybacks, which Caesars has not been doing. This provides a clearer path for investor value.

“as an investor I'm definitely I'm definitely leaning towards a company like MGM you have a little bit clearer path on what their path forward is” — ▶ 10:00

The YouTuber argues that MGM Resorts is a cash flow machine with limited expansion opportunities, leading them to aggressively buy back stock. This has significantly reduced shares outstanding, and the company trades at an attractive price-to-free-cash-flow multiple of about eight times, making it a favorable long-term investment.

“This is just a cash flow machine so I think this is going to continue one of the reasons that this is one of my favorite stocks right now” — ▶ 4:00

The analyst views MGM as an attractive investment due to its strong cash flow generation and reasonable valuation. He calculates an Enterprise Value to adjusted property EBITDA multiple of just over 5x, which he considers attractive. The company is also returning cash to shareholders through buybacks and has limited capital expenditure needs, making it a 'cash extraction business'.

“I still think this industry can be very profitable for investors long term if you're just willing to buy and hold and ride that cash machine but what do you think about Casino stocks any questions that you have leave those in the comments section below be happy to cover anything I can don't forget to subscribe to asymmetric investing thanks for watching everybody see you here next time” — ▶ Watch clip

Travis Hoium argues that MGM Resorts is a value stock with long-term growth potential. He highlights strong cash flow generation, a healthy balance sheet with low net debt, and aggressive share buybacks reducing shares outstanding by 40% over time. Additionally, the upcoming Japan casino project is seen as a significant future growth driver, potentially becoming one of the most profitable casinos globally.

“one of the stocks that I think provides tremendous value for investors today along with long-term growth is MGM Resorts” — ▶ 00:00:05

The analyst sees MGM Resorts as a strong cash flow business trading at a reasonable valuation. Post-pandemic, Las Vegas Strip and regional casino revenues have surpassed pre-pandemic levels, and Macau is recovering. MGM is using its substantial cash flow ($5.3 billion adjusted EBITDA) to buy back stock. The upcoming $10 billion casino in Japan provides a significant growth avenue, making it an attractive value play.

“I love where MGM is positioned I love the price that we're getting for investors and this is now not a business that's really high risk like it was during the90s and 2000s this is now a cash flow business we should judge MGM Resorts on it cash flow High how quickly it's buying back stock is it paying a dividend and from that perspective I think this is a incredibly good value for investors” — ▶ Watch clip

The YouTuber reports that Michael Burry sold out of MGM Resorts entirely, despite its significant presence in Macau and the recovery of gambling revenue post-COVID restrictions. Burry likely concluded there was insufficient value remaining in the stock, even with improving fundamentals.

“he obviously saw that there was not enough value left in the stock despite the fact that revenue and earnings are starting to improve in that region” — ▶ 6:40

The analyst recommends MGM Resorts, highlighting its strong cash flow generation from saturated markets like Las Vegas and Macau, where supply is limited. He sees long-term upside from the Japan casino project and notes the company is aggressively buying back stock, trading at a low 4-5x EBITDA when accounting for its Macau and BetMGM stakes. He views it as a solid long-term play in the gambling business.

“I love the position of MGM Resorts and I think if you take a long-term view there's a great potential for this stock” — ▶ 9:00

The analyst owns MGM Resorts and believes it is a better investment than Las Vegas Sands. MGM is expected to outperform in Macau due to its focus on high-end gamblers, which require fewer visitors but generate higher revenue. The company also has a much lower valuation multiple compared to LVS and is actively buying back stock, in addition to its online gambling business.

“I don't own shares of Las Vegas SS at this point but I do own shares of MGM Resorts they're a company that has also been buying back stock at a really rapid rate but I think their multiple is much much lower when you look at their Stakes not only in China but also with the online gambling business” — ▶ 11:00

The YouTuber recommends MGM Resorts as a better investment than DraftKings due to its existing profitable core casino business, which provides stable cash flow. He highlights the optionality of its online gaming segment (BetMGM) which recently achieved profitability, and future growth from international expansion in Macau and Japan. He also notes that MGM is currently less expensive than DraftKings despite its proven profitability.

“I think if you're interested in DraftKings the better bet the safer bet is going to be MGM Resorts you're getting actually a pretty good value on the stock you get exposure to bet MGM and their International online gaming business and you get that Core Business that's among the best and most profitable gaming businesses in the world” — ▶ 13:00

The analyst recommends MGM Resorts due to its strong revenue growth and record free cash flow, trading at a price-to-free cash flow under 10. He believes Macau's gaming market has not fully recovered and could overshoot pre-pandemic levels, similar to Las Vegas. Additionally, aggressive share buybacks and future growth from a new resort in Japan are expected to drive shareholder value.

“MGM still isn't really at full strength... I think it's very possible that we will see Macau overshoot just like we did in Las Vegas.” — ▶ 2:00

Hoium views MGM Resorts as a strong buy due to the current robust gaming market, with demand exceeding pre-pandemic levels, especially in Las Vegas as a convention hub. He notes the recovery of Macau operations and the future upside from a Japan casino. The company's aggressive share buybacks and low valuation (4-5x EBITDA for the core business) make it attractive.

“This is the best environment we have ever seen for the gaming business and it doesn't seem like it's going to be slowing down anytime soon.” — ▶ 10:30

Travis Hoium argues that MGM Resorts is the single best value stock due to its strong operating leverage in Las Vegas, the ongoing recovery in Macau, and future growth projects like the Japan casino. He highlights the company's strategic real estate sales, debt reduction, and aggressive stock buybacks at a low valuation (around 10x free cash flow), suggesting the market is not fully pricing in its growth potential and financial strength.

“I think a stock that is hidden in plain sight right now is MGM Resorts.” — ▶ 00:00:10

The analyst believes MGM Resorts is a good value due to its strong cash flow generation from Las Vegas and Macau operations. Management is committed to returning capital to shareholders through significant share buybacks, which is attractive given the company's low valuation multiple of 4.9 times EBITDA. The analyst views the recent stock drop due to regional casino weakness as an overreaction, as these segments are less critical to long-term growth than the core Las Vegas and Macau markets.

“I'm more than happy for MGM Resorts to just be a company that's generating a ton of cash riding the growth in the regions that it's in Las Vegas and maau soon to be Japan and then just use that excess cash to continue to buy back stock.” — ▶ 10:00

Travis Hoium argues that MGM Resorts is an overlooked and undervalued stock. He highlights its strong free cash flow generation, driven by the recovery of the Las Vegas Strip and the anticipated rebound in Macau's gaming revenue, which is now opening up after pandemic restrictions. The company's improved balance sheet and future growth potential from a new casino in Japan further support his bullish outlook.

“one of the companies that I think is being dramatically overlooked by the market right now is MGM Resorts” — ▶ 00:00:05

The analyst sees MGM Resorts as a cash flow machine, benefiting from the recovery of the Las Vegas Strip and anticipated upside in Macau as China reopens. He also highlights the future potential of its Japan casino project. The company's low price-to-free-cash-flow ratio and stock buybacks make it an attractive investment.

“MGM has a market cap of just $15 billion right now price to free cash flow is just 10 they continue to buy back stock I just love the position that MGM Resorts is in right now.” — ▶ 11:30

The analyst recommends MGM Resorts, citing its leadership in entertainment destinations like Las Vegas and Macau, and future expansion into Japan. He emphasizes the company's shift into a cash generation phase after selling real estate and its strong free cash flow, which can be used for buybacks, dividends, or further investment.

“MGM Resorts I think the Tailwinds are the entertainment business and having a huge presence in the hubs and then both the hotel rooms and Convention space as well as those monetization options like clubs like restaurants and like that casino floor L that is a phenomenal business to have long term and that's why it is one of my top stocks for this year” — ▶ 48:50

MGM Resorts has transformed into a cash flow business by selling off real estate, creating operating leverage where revenue growth outpaces rent expenses. The company generated $1.2 billion in free cash flow over the past year, and this is expected to improve as Macau continues its post-pandemic recovery. MGM is actively buying back shares, which should add value for shareholders.

“I just love the operating trends for MGM I think this is a great cash flow business not like not yet a dividend paying business but they are using a lot of that money to reduce their share count and that should add value to shareholders over time” — ▶ Watch clip

Hoium suggests buying MGM Resorts, highlighting its significant cash flow generation from US resorts ($2.6 billion after rent) and recovering MGM China operations. He notes the company's low market cap relative to its cash flow, which enables substantial stock buybacks, and anticipates continued tailwinds from increased travel to destination cities like Las Vegas and Macau.

“the general trend for MGM Resorts is that people are spending more and more money to go to Destin ation to meet up with friends family co-workers” — ▶ 6:50

The analyst recommends MGM Resorts due to its aggressive share buyback program, which has significantly reduced shares outstanding. The company is generating over a billion dollars in cash flow annually, has a strong balance sheet, and is benefiting from record revenues in Las Vegas and a recovering Macau market. Future growth is expected from its stake in a new Japan casino and online gaming opportunities.

“The pace of BuyBacks from MGM is really impressive in 2017 the company had 575 million shares outstanding that is down to 350 million shares outstanding right now and cash flow from the business is over a billion dollars per year.” — ▶ 3:00

The analyst argues MGM Resorts is a 'screaming buy' due to its attractive valuation, strong cash flow generation from its Las Vegas and regional operations, and the significant recovery and market share gains in Macau. He also highlights the potential long-term upside from the planned Osaka, Japan casino and aggressive share buybacks, noting the company's low debt and enterprise value to EBITDA multiple of 5x.

“one that I think fits that is MGM Resorts now Casino investing isn't for everybody but if you are interested in this industry I think there's a lot of Tailwinds and this is just a money making machine” — ▶ 00:00:30

Travis Hoium likes MGM Resorts due to its strong cash flow generation, particularly from the recovering Macau market and the operating leverage gained from fixed rent costs on its real estate assets. He notes that the current enterprise value to EBITDA multiple is reasonable for the casino industry, and inflation could be a tailwind as revenue growth outpaces fixed costs. The long-term outlook is positive with potential from the Japan casino market.

“I still like MGM Resort stock” — ▶ 8:00

The analyst argues that MGM is a better investment than Caesars due to its stronger operational positioning, particularly in Las Vegas and its exposure to the Macau market, which is seeing significant growth. MGM also has less debt and potential for expansion into Japan, making it a lower-risk, higher-reward option.

“I think that MGM is a much better bet, a much better investment. The recent results show exactly why.” — ▶ 4:00

The analyst includes MGM Resorts as a potential investment to gain exposure to the recovering Asian gambling market, despite it having less exposure than other operators. They suggest buying a basket of these companies to benefit from the overall industry tailwind as the region reopens.

“Melco Resorts, Wind Resorts are the three that have kind of the most exposure and then MGM Resorts is the other one that has the least exposure...” — ▶ 11:00

The analyst recommends MGM Resorts as a recovery play, expecting a substantial increase in Macau's gambling revenue due to the end of China's zero-COVID policy. They draw parallels to the post-lockdown boom in Las Vegas, suggesting that a similar surge in demand from Chinese consumers will drive significant growth for MGM in the coming years.

“I think Macau's going to have a really good year, it might not be in 2023 but it might be in 2024.” — ▶ 15:50

The YouTuber suggests MGM Resorts as a potential dividend growth stock. Although its current dividend is very small, its payout ratio is extremely low, and cash flow has returned to above pre-pandemic levels, especially with record gambling revenue in Las Vegas. This financial strength positions MGM to significantly increase its dividend in the future.

“As their free cash flow has increased over the last year I think this is going to be a dividend growth stock because of their ability to pay a higher dividend.” — ▶ 7:50

The analyst believes MGM's dividend will grow significantly despite its current low yield, as the business is recovering strongly from the pandemic with record Las Vegas revenue. With limited avenues for reinvestment and a strong cash flow, the company is likely to increase its dividend payouts in the future.

“what I like about MGM is their business is recovering extremely quickly from the pandemic I don't know if you knew this but Las Vegas is reporting record gambling Revenue in 2022 that's record all time” — ▶ 2:00

The analyst views MGM as a value stock with a simple investment case. He highlights strong revenue and EBITDA growth in Las Vegas, a constrained supply environment in both Las Vegas and Macau, and the company's transition into a cash flow business. Despite current challenges in Macau due to COVID policies, he believes the long-term outlook is positive.

“I think this is really a value stock and the investment case is pretty simple here las vegas and macau have gone through two decades of supply expansion now we're at the point where actually demand is expanding and supply is pretty constrained.” — ▶ 02:29

Travis Hoium is buying Zillow shares, citing its current undervaluation with a forward P/E of 12.9x and P/FCF of 10.4x, despite strong growth in its mortgage and rental segments (45% and 33% CAGR respectively). He believes the company's strategy of aggregating demand and acting as a platform for real estate professionals, combined with its increasing operating leverage and AI integration, positions it for significant long-term growth, potentially reaching over $100 billion in market cap.

“This is not assuming any sort of explosion in the housing market. And the reason that that's okay for Zillow today is that they're growing in not only mortgages but also more importantly the rentals business.” — ▶ 10:00

The analyst recommends buying Zillow due to its strong strategic position as an aggregator and platform in the housing market, particularly with its growing rental and mortgage segments. Despite a recent stock pullback, the company is performing well financially, showing improving operating margins and positive free cash flow, with a strong balance sheet and share buybacks. He believes concerns about AI disruption are overstated given Zillow's proprietary data and tools.

“I love where Zillow's sitting today. The recent pullback is a really attractive valuation. That's why I'm adding more to the asymmetric portfolio in April.” — ▶ 12:00

Travis Hoium argues that Zillow is an overlooked stock with significant upside, potentially 10x or more in value over the next decade. He highlights Zillow's transformation into a platform company, particularly its strong growth in the rentals and mortgages segments, which are becoming key aggregators of demand in the housing market. He believes Zillow is winning market share from competitors and is well-positioned to be the go-to app for all housing-related transactions, despite its current relatively small market cap compared to the massive housing market opportunity.

“Zillow could 10x or more in value over the next 10 years. This is one of my asymmetric investing holdings and I think the upside is really clear.” — ▶ 00:19

The YouTuber expresses concern that Zillow could be commoditized by ChatGPT's new app features. If ChatGPT can pull real estate information from MLSs directly, Zillow's value as a distribution source could decrease, as users might bypass Zillow to get information through ChatGPT.

“Does ChatBT become a different distribution source or does it commoditize Zillow? That would be the real risk to Zillow is that it effectively is commoditized.” — ▶ 4:50

Travis Hoium is highly bullish on Zillow, viewing it as a 'no-brainer' long-term investment. He argues Zillow is uniquely positioned to dominate the multi-trillion dollar housing market by becoming the 'housing super app,' leveraging its scale to attract both buyers and sellers, similar to Netflix's dominance in streaming. He points to strong growth in its rentals and mortgage segments, and believes its current $17.4 billion market cap significantly undervalues its potential to become a multi-hundred billion or even trillion-dollar company as its 'flywheel' takes hold.

“I think this is the biggest no-brainer play for investors over the next couple of decades.” — ▶ 1:20

The YouTuber sees Zillow as a company with massive potential due to its strategy of aggregating demand in the housing market, aiming to become the 'housing super app'. He highlights its rapid growth in the rentals business and its ability to connect buyers and sellers, mortgages, and other housing-related services. He believes its current $17 billion market cap could see a 10x increase over the next decade or two as it continues to dominate the housing ecosystem.

“I think this is a company with a $17 billion market cap. Has well over a 10x potential over the next decade or two because the opportunity in housing is so massive.” — ▶ 17:40

The analyst believes Zillow is a long-term buy due to its potential to become a trillion-dollar company by aggregating demand in the housing market. A recent partnership with Home Services of America (Berkshire Hathaway's brokerage) solidifies Zillow's platform strategy, attracting supply and differentiating its offerings with exclusive tools like 'Showcase'. This move is seen as a 'flywheel' that will increase Zillow's dominance, similar to Netflix in streaming or Google in search.

“One of the businesses I absolutely love long-term is Zillow. The company has a $15 billion market cap today. I think this could be a trillion dollar opportunity because they are aggregating demand in the housing market.” — ▶ 00:00

The analyst believes Zillow is an amazing value after its recent earnings drop, seeing strong long-term potential. He highlights the company's strategic growth in residential and rental segments, increasing market share in app users, and expansion into ancillary services like mortgages, positioning it as a dominant platform in the multi-trillion dollar housing market. He views any significant pullback as a buying opportunity for a multi-decade outlook.

“I think everything is moving in the right direction for Zillow and if you have a long-term outlook on what you think Zillow is going to be as a business how this could play into the multi-trillion doll housing market I think there's a lot to like from Zillow.” — ▶ 00:15

The YouTuber is bullish on Zillow's vision to become a 'housing super app,' aggregating all aspects of home buying, selling, and renting. Despite its current market cap, the company is growing and approaching profitability, with the potential to monetize its platform much more effectively than just agent advertising, giving it significant pricing power in a massive market.

“If they're able to build out this platform and be the go-to platform for housing that will be a massive massive potential market for Zillow should be a much much bigger company than we see today.” — ▶ 20:30

The YouTuber sees Zillow as a leader in the housing market, acting as an aggregator for listings and rapidly growing its rentals business. They anticipate Zillow becoming the primary discovery point for all housing-related needs, including mortgages and insurance, indicating a strong winning position on the 'smiling curve' of internet businesses.

“There are basically two players in that market there's Zillow and then there's co-star Zillow I think is clearly the leader not only in searching for homes but they're now growing tremendously quickly in the rentals business.” — ▶ 10:38

The analyst believes Zillow is a 10x opportunity due to its transformation into a platform business, with strong growth in rentals (24% YoY) and mortgages (63% YoY), despite a slower residential market. The company is free cash flow positive with a strong balance sheet, and is gaining market share against competitors like CoStar.

“I think what the market is reacting to is that Zillow is growing in the right places so I'm going to dig into exactly what I mean in this video.” — ▶ 01:00

The analyst is bullish on Zillow due to its strategy of building a 'housing super app' and its internal development of 3D home tours and interactive floor plans (Showcase). He believes these technologies will become 'table stakes' in the real estate market, giving Zillow a significant advantage as one of the few companies with the scale and technology to consolidate the fragmented real estate ecosystem into a single platform.

“one of the reasons I've been bullish on Zillow stock is because I think we're moving to a world where we're going to have much more of a winner take all Market in real estate” — ▶ 00:00:04

The YouTuber sees Zillow as a future 'housing super app,' transitioning from an advertising model to facilitating the entire transaction process, including mortgages, touring, offers, and title searches. He highlights the strong growth in rental revenues (24% CAGR since 2017) and believes the company is nearing net income profitability. The current market cap of $14.7 billion is considered a good valuation for its potential in the multi-trillion dollar housing market.

“I think there's a lot of different avenues for Zillow to grow just starting to get to that point where they could get to net income profitability not just cash flow profitability and the valuation isn't too bad.” — ▶ 15:50

The analyst believes Zillow has 10x potential due to its long-term vision of becoming a 'housing super app,' with strong growth in its rentals and mortgages segments. The company is showing improved financials, a strong balance sheet, and a seamless CEO transition, all contributing to its strategic position in the market despite the long-term nature of its disruption.

“Zilla has one of the biggest potentials of any company that I have in the asymmetric portfolio this could be the platform that housing really lives on in the future.” — ▶ Watch clip

The YouTuber is bullish on Zillow due to its strong position in the housing industry and potential to benefit from changes in real estate transactions, particularly the breakdown of the traditional realtor commission structure. He highlights the company's 'super app' vision to integrate all aspects of home buying, selling, and renting, and notes significant insider buying by board members as a strong signal of future growth. He believes Zillow has 10x to 100x potential if it successfully executes this strategy.

“one of the stocks that I really like from an asymmetric potential perspective is Zillow” — ▶ 00:00:03

The YouTuber argues that a recent National Association of Realtors settlement, which changes how broker fees are structured, creates a massive opportunity for Zillow to become the dominant aggregator in the US housing market. He believes Zillow's 'housing super app' vision, combined with its existing user base and growth in rentals, positions it for significant long-term upside as the industry evolves. He acknowledges short-term risks to Zillow's advertising revenue from agents but sees the strategic long-term benefit as outweighing these concerns.

“I think that M creates a massive opening for Zillow to become the aggregator in the $ 52 trillion US housing market now this is not a disruption that's going to happen overnight but this is why this is one of the companies that is in the asymmetric portfolio because I think the upside potential is well over 10x for a company like Zillow if they're able to be become the go-to place for everything from rentals to mortgages to finding and selling homes.” — ▶ 00:25

The analyst recommends Zillow as a long-term growth story, benefiting from the disruption of traditional real estate broker models and recent legal findings against realtor collusion. Zillow's dominant position in home listings, mortgages, and rentals positions it as the natural aggregator for the housing market. He anticipates significant growth as it solidifies its market share, potentially leading to a 10x return over a decade.

“Zillow is the natural place to do that recent results showed reasonable amount a reasonable amount of strength but given the weak housing market there's not a ton of a revenue growth or profitability but they're taking market share in the home selling market and they're growing tremendously in the rental market.” — ▶ 13:30

Travis Hoium believes Zillow is making significant progress towards becoming a 'housing super app' by aggregating services across buying, selling, and especially rentals, which showed strong growth. He sees long-term upside due to Zillow's strategic positioning in a slow-moving industry, despite current market headwinds and ongoing stock-based compensation concerns.

“I would say this is wasn't the most exciting quarter for Zillow because we don't have a booming housing market we don't have low interest rates we don't have agents spending money like tra crazy trying to attract customers well what you are seeing is the long-term vision for Zillow really starting to solidify and they're starting to gain a little bit of market share” — ▶ 10:00

The analyst is bullish on Zillow, seeing it as the go-to marketplace for housing. He believes a recent lawsuit regarding real estate agent fees will break down traditional commission structures, strengthening Zillow's position as a platform for listings, mortgages, and rentals. He emphasizes its long-term potential in a multi-trillion dollar market.

“I'm thinking about this as a stock that I want to own for the next 10 years because I think Zillow is going to be a more and more powerful Marketplace and platform in real estate and this is a multi-trillion dollar market so huge upside for Zillow long term.” — ▶ 6:50

The analyst sees Zillow as a long-term platform play in real estate, benefiting from its dominant position as a go-to site for home searches. He believes the company has significant optionality to become the primary platform for real estate transactions, especially with potential industry changes, and highlights its growing rental business and solid balance sheet.

“I think 10 20 years from now we're going to be going to Zillow first and this is really really the only platform play in real estate that's why I love this company may take a long time for this thesis to play out but I'm here for the Longh Haul like I said 10 20 years is my time Horizon and that's why I love Zillow right now” — ▶ 54:50

The analyst sees Zillow as a potential 10x investment, especially in light of recent legal changes impacting real estate agent commissions, which could accelerate the shift to digital platforms. He argues Zillow is well-positioned to become the dominant platform for all housing-related services, from listings to mortgages and insurance, despite current housing market challenges.

“The second stack that I think has a ton of potential is Zillow. Zillow is the housing platform that a lot of people use to look for houses and even just see what the value of their house is worth with with their zestimate.” — ▶ 5:00

Travis Hoium recommends Zillow as a long-term buy, viewing it as a platform company poised to benefit from potential disruption in the real estate industry, particularly a recent legal judgment against the National Association of Realtors. He highlights Zillow's strong position in the rental market, its strategic acquisitions like Follow Up Boss, and its potential to become the central connective tissue for real estate transactions, despite current unprofitability on a GAAP basis. He believes its current valuation is reasonable for a technology company with significant long-term growth potential.

“The one company in the housing market that I think really has a lot of long-term potential is Zillow.” — ▶ 00:14

The analyst believes Zillow is an intriguing way to play a housing market recovery without investing in home builders. Despite current market weakness and net losses, Zillow's market share is strong relative to the overall housing market decline, and its rental revenue is growing. The company is well-positioned long-term, but financial improvement depends on a housing market rebound.

“I think this is a really well positioned company but the financials may not improve for a couple of years if the housing market remains relatively weak so that's the kind of thing that we want to consider as investors keep that in mind but the positive is you got that growing rental Revenue so at least there's a pretty significant piece of the business that is growing and at the end of the day there's not a lot of competition for this specific spot where Zillow sits it's effectively a verb in the housing market just look it up on Zillow I think that's a good position to be long term even if we're not seeing that quite in the bottom line yet” — ▶ 10:00

Travis Hoium is optimistic about Zillow's long-term prospects, believing the worst of the housing market downturn is behind us. He highlights stabilizing mortgage rates, declining inflation, and Zillow's dominant position as a two-sided marketplace for real estate. He suggests buying if the valuation becomes more attractive, specifically around 40 times EBITDA, as he expects significant operating leverage and bottom-line growth as the housing market recovers.

“long term I'm really optimistic about where Zillow is sitting I would like to get in a little bit better valuation somewhere around 40 times ebitdot” — ▶ 10:00

The analyst is bullish on Zillow after its exit from the unprofitable iBuying business, which removed a major uncertainty. The company holds $1.8 billion in net cash against a $9.9 billion market cap, providing downside protection and capital for buybacks, dividends, or acquisitions. This financial strength, combined with a clearer business focus, makes it an attractive investment.

“I am definitely I think a little more bullish on than it was a few months ago given where their balance sheet is at.” — ▶ 5:00

The YouTuber recommends Onholding, arguing it's a misunderstood company operating in the high-end consumer market, which is less affected by spending cutbacks. He highlights its strong historical revenue growth (33.9% CAGR), improving gross margins (63.9%), and operating leverage, while noting its current valuation (2.3x EV/Sales, 21.6x forward P/E) is reasonable for its growth potential. He also points out that a weak US dollar has obscured its true growth in CHF terms.

“I think on holding is the kind of company that can be look a lot more like Lululemon or even Nike a decade or two from now.” — ▶ 6:40

The analyst recommends On Holding, noting its consistent revenue growth (expected 23% in 2026) and increasing gross margin and profitability guidance, despite a recent stock dip. He highlights its strong performance in the premium athletic wear market, particularly appealing to women, and its high margins combined with rapid growth make it an attractive investment at 22 times forward earnings.

“And when you combine phenomenal margins with phenomenal growth, those are the kind of businesses that I want to own, especially at really good valuations.” — ▶ 11:40

The YouTuber recommends buying On Holding (ONON) due to its strong growth in a challenging retail environment, expanding margins, and attractive valuation. He highlights that the market's negative reaction to reported sales growth is due to currency conversion issues, as constant currency growth remains robust at 26.7% in Q1 2026, exceeding guidance. The company also shows pricing power and a forward P/E of 22, which is considered low for a company growing over 20%.

“I think On Holding phenomenal company doing extremely well and I think the value is too good to pass up right now.” — ▶ Watch clip

The YouTuber is bullish on Onholding, a growth company with a 43% drawdown, seeing it as overlooked by the market. He notes its rapid growth (35% CAGR over three years), expanding operating margins, and strong pricing power, evidenced by its ability to raise prices despite tariffs. The company's low forward P/E of 22 and enterprise value to sales of three are considered attractive for a business with such growth potential and market position in casual sportswear.

“I think it's crazy that the market only values this company at 22 times forward earnings. Enterprise value to sales is just three.” — ▶ 14:00

The YouTuber recommends On Holding as a better investment than Nike, citing its strong growth in both direct-to-consumer (up 33.7%) and wholesale channels (up 32.6%). He highlights its high and rising gross margins (63%) and its focus on high-end customers, which he believes positions it well in the apparel market.

“They have very great gross margins, great growth. They're catering to that high end of the market. You know exactly where they're going to be.” — ▶ 08:50

The YouTuber views the recent 11% stock drop due to the CEO's departure as a buying opportunity. He argues that the return of the co-founders as co-CEOs could bring renewed vision and strengthen management, especially given the previous CEO held both CEO and CFO roles. The company's fundamentals remain strong with 30% growth and good margins, and its valuation is attractive compared to competitors like Nike.

“I will something I'm looking at as more of a buying opportunity than it is a big red flag for On Holding.” — ▶ 9:00

The analyst suggests buying On Holding, citing its compelling valuation with a forward P/E of 25 for a company growing at 35% over the past three years. He notes its premium market position, strong margins (63% gross profit margin), and pricing power, expecting management to beat conservative 2026 growth guidance.

“These prices I don't think are going to last long because when OnStar is reporting numbers in 2026 I think they'll be much better than the market is expecting because like I said management typically pretty conservative with that guidance and then when they report things they typically blow out those numbers.” — ▶ Watch clip

The YouTuber argues that On Holding (ONON) is a compelling buy despite recent stock underperformance due to multiple compression. He highlights strong revenue growth (35% CAGR over three years), expanding margins (64% gross margin, 17.6% adjusted EBITDA), and significant growth opportunities in apparel and accessories. He believes the current valuation (4.1x EV/Sales, 3.4x forward EV/Sales) is cheap given its high growth rate compared to peers like Nike and Deckers, suggesting the multiple will expand as the company continues to grow.

“I think this is a relatively cheap stock for the growth rate that you have.” — ▶ 10:00

The analyst argues On Holdings is undervalued, with its stock going nowhere since late 2021 despite a 40% compound annual growth rate in revenue over the past three years. He notes its current price-to-sales multiple of 3.9 is the lowest ever for the public company, comparing it favorably to slower-growing competitors like Nike and Lululemon. The company is also generating positive free cash flow despite high growth investments.

“The point here is that Onholding continues to show that it is a compounding growth company long-term. And yet, the market is pricing it as if it's one of these companies that has kind of lost its magic.” — ▶ 13:50

The YouTuber recommends On Holding due to its impressive 40% compound annual revenue growth rate and significant runway for expansion, especially in apparel and accessories, which are currently small segments. The company benefits from a premium brand and high gross margins (over 60%). Despite being in investment mode, its low valuation at 4.2 times sales makes it an attractive opportunity for future profitability and growth.

“And at just 4.2 and two time sales. I think on running stock is just too cheap to pass up.” — ▶ 10:50

Hoium is buying On Holding, despite its stock being down 26% over the past year, because its financials continue to improve. He highlights strong revenue growth (40% per year over 3 years, 54% over 5 years) and growing net income, even as a hard goods company. He believes the company's pricing power and ability to generate free cash flow will eventually lead the market to re-rate its valuation higher.

“This is on holding. This is a great example. 40% growth per year over the past 3 years. You go back 5 years, we're talking about 54% growth. Look at what's happened with the stock over the past year. Shares are down 26% over the past year, but their financials continue to get better.” — ▶ Watch clip

The YouTuber plans to add more shares of On Holding in November, citing its strong revenue growth (42% CAGR, 34% constant currency for 2025) and healthy margins (gross profit above 60%). He believes the current valuation (EV/Sales ~3, P/FCF 26, P/E 25) is very reasonable for a company growing at over 30%, especially given the stock is down 24% year-to-date, presenting a favorable risk-reward.

“I think the risk reward here is just phenomenal for investors. A stock that I plan to add more of in November.” — ▶ 04:00

The YouTuber recommends buying On Holding, citing its phenomenal earnings report, strong pricing power, and demand for products leading to increased margins and revenue. He highlights the company's impressive constant currency growth rate of 34.5% and its high gross margin of 65.7%, exceeding its 60% goal. Despite recent stock performance, he believes the valuation multiples (EV/Sales of 3.2, P/FCF of 26, forward P/E of 25) are reasonable for a company growing in excess of 30%, suggesting significant upside potential.

“I really have a hard time finding a lot of flaws in AN's results. And this is where I think there's such a huge opportunity for the stock.” — ▶ Watch clip

Travis Hoium recommends buying On Holding, citing its strong fundamentals, 30%+ year-over-year growth, and increasing guidance. He believes the market undervalues the company, especially given its current 3.6x price-to-sales multiple compared to 17x in 2022, despite continued strong performance and growth potential in apparel and shoes.

“I think everything's going well and I'm happy to buy shares at a very, very cheap price and just be a long-term buy and hold investor here.” — ▶ 10:00

The analyst recommends On Holding, noting that despite market concerns about consumer spending and tariffs, the company serves the high-end market, which is less affected by economic downturns. Management has demonstrated the ability to raise prices to offset tariffs and consistently beat guidance. The company's 43% growth rate over three years and profitability, despite being a physical goods company, are impressive. The stock's enterprise value to sales multiple of 3.9 is attractive compared to Nike's 2.2 with negative growth.

“On holding is serving the high end of the market. This is people who can afford a $200, $300 pair of shoes. They are not in a recession right now.” — ▶ 20:30

The YouTuber is buying On Holdings due to its strong revenue growth (38% constant currency), industry-leading gross profit margins (61%), and significant pricing power. He believes the market is misinterpreting the impact of foreign currency fluctuations on profitability and overlooking the company's growth potential in apparel and accessories, as well as its relative valuation compared to Nike.

“I think the market is really overlooking the potential for on holdings or on running. Ticker symbol is N. I'm going to dig into exactly why I love this stock today.” — ▶ 00:29