Generational
A massive day for the 2026 Portfolio and the new SMID Cap 6 launch coming soon…
Marlin Capital Readers,
It was another one of those days for us‼️
The market is on fire, and our highest conviction holdings are leading the charge. Today was another blowout day for the 2026 Portfolio. 👇
✅ 9 of our 18 holdings finished up >4% on the day
✅ 7 of our 18 holdings finished up >5% on the day
✅ 6 of our 18 holdings finished up >7% on the day
The 2026 Portfolio is firing on all cylinders right now.
This is what taking advantage of the AI Supercycle looks like.
Let’s get right into it. 👇
Starting with one of our highest conviction picks in Micron (MU).
MU
We re-bought MU on the 4/8 gap up and are now up +61% in <1 month on this trade!
We covered exactly why this was happening for MU (and Memory Stocks) in Leaders Shine Bright (our Memory Supercycle Report) and Bigger Than the Internet. The headline stat from that 2nd report is worth repeating.
“MU alone has accounted for over 51% of all positive S&P 500 EPS revisions since the start of the Iran conflict.”
This is not normal. This is what a Memory Supercycle looks like. This is exactly why I called MU a “must own” stock (and why I named it a top pick for 2026 last December).
And it still is, in my view. CEO Sanjay Mehrotra recently said key customers are only getting “50-66% of their requirements” due to the massive supply crunch. HBM is sold out through 2026. Analysts are currently tripping over themselves to raise their price targets. DA Davidson just initiated MU at Buy with a $1,000 price target (a new Street high).
Today, MU crossed >$750B in market cap for the first time ever. In my view, it’s on its way to $1T (would equate to ~$900 for the stock). Even after this massive rally, MU is still trading at an ~8-9 fwd P/E. This is not a very “bubble-like” valuation. MU continues to be a must own stock for me going forward.
GLW
It was a massive day for Corning today on HUGE news.
Nvidia and Corning announced a multi-year commercial and technology partnership to dramatically expand US-based manufacturing of advanced optical connectivity for AI data centers. The deal is massive in scope. 👇