TMTB Weekly: RDDT, RBLX, NVDA, GOOGL, AMZN, DUOL, MU
Happy Sunday! Sun is shining and stocks are going up - a beautiful start to the post-Memorial Day summer.
Not much new on macro front that I haven’t already covered the previous few weeks: we continue to expect an upwards trending but somewhat choppy market and think bulls continue to hold the advantage from a macro-narrative perspective. US-China meeting Monday, CPI on Wednesday, and Trump-Musk divorce the news dominating macro headlines this week.
Let’s get straight to the good stuff…
RDDT: A More Balanced Narrative: Hard to Short, Tough to Chase
Stock now +25% and continues to rally off the bottom. We remain unexcited about re-engaging on the short side as we head into the quarter end for several reasons: