Big Beautiful Breakout
My Top Trade Ideas for this week + detailed broad market analysis
In traditional early July fashion, Independence Day week brought fireworks with the SPX closing +1.7%, NDX +1.5%, and RTY +3.5%.
So far, it has been a Blue Sky breakout to new ATHs for the S&P 500 and Nasdaq.
Big picture, my S&P 500 target remains $7300+.
Here’s how we’re positioned at Marlin Capital.
Long Term Investment Portfolios
Active Trading Portfolio
ORCL
We took 1/4th profits on ORCL on Thursday at $235.32 (+11% gains) after the stock blew through my 1st upside target of $235.
Oracle had positive news last week with the announcement of expanded US Data Center projects with OpenAI.
The market has determined that Oracle is a clear Mega Cap AI winner, and I am in full agreement. This feels like when AVGO made its run to $1T market cap to me.
Bigger picture, my target is $280+.
HOOD
We took more profits on HOOD +89% last week. This has been a MASSIVE winner for us since our May 7th entry, and I see it as a good time to ring the register here.
For HOOD, last week was a questionable weekly candle on ATH volume (a 3 1/2 day week).
Robinhood has earnings in early August. It would certainly make sense to see a few consolidation weeks for the stock here ahead of earnings. I’m trailing on my final 1/4th portion of my long currently up +91%.
APH
This stock just keeps going higher. Another huge winner for us, now up +34% since our April 25th entry!
All Active Portfolio entry and exit alerts are posted in real-time in the Marlin Capital Live Trading Room.
Nothing left to do but trail on my final 1/4th portion here. Earnings are coming up in ~2 weeks.