The Next Wave
My bull case played out on Thursday. Here are the setups I'm watching this week...
Marlin Capital Readers,
Thursday was a big day for US stocks.
The S&P 500 rose +1.1%, the Nasdaq gained +1.9%, and the Russell 2000 climbed +2.1%. This was the “gap and go” day we were looking for.
On Wednesday night, I laid out 2 paths. With the futures market opening strong post-FOMC reversal, I said what really mattered was whether or not we could hold those gains during Thursday’s cash session.
We did not just hold them. We accelerated, and the market closed at highs.
That tells me Wednesday’s post-Fed reversal was the bear trap. And in my view, we are now setting up for another wave higher.
So many stocks look fantastic right now. There is no shortage of bullish setups heading into this week.
We are well positioned across our portfolios. Let’s start with the 2026 Portfolio. 👇
2026 Portfolio
Our 2026 Portfolio is now up +48% YTD.
And we just notched another Marlin Capital multibagger!
WDC
Wow‼️
WDC is officially our 19th Marlin Capital multibagger... in the last 19 months!
We bought WDC on 4/8 at $335. It is now up +123% for us in <3 months‼️
WDC is our 3rd YTD multibagger out of the Memory space, joining SNDK and MU.
Memory was 1 of the 2 leading AI Infrastructure industries we called out early this year. The entire Memory market is being rebuilt around AI, and while bears keep repeating “it’s cyclical”, we have never seen a cycle even remotely comparable to this one.
In 2022, smartphones + PCs were 60% of high-end memory demand. Fickle, seasonal, and inventory-driven.
In 2026, data centers alone are ~70%.
This is NOT the normal consumer inventory cycle of the last 20 years. It's a structural demand shift. Failure to identify this shift is why memory bears have been absolutely decimated this year.
On the other hand, Memory bulls like us have captured breathtaking gains. I think it’s fair to say we have taken full advantage of this INCREDIBLE run in AI Memory stocks.
But WDC is not even the whole story here. 👇
The Terrific 12
Back on 4/8, we bought 12 stocks in a single day.
Since then, 5 of them have hit >100% gains
Are you kidding me!?
It hasn’t even been 3 months yet!
And perhaps most importantly for our newer subscribers is this. 👇
~3 weeks ago, we bought 10 new SMID Cap AI names in a brand new portfolio, built specifically to hunt down the next round of multibaggers (our SMID Cap 10).
3 weeks in, the portfolio is flattish. All 10 names dipped meaningfully during the recent market weakness.
But as I covered in last Sunday’s Portfolio Review, I view each of these dips as healthy pullbacks in the context of larger uptrends. In my view, these dips will prove to be great opportunities. Trust the process.
We are at 19 Marlin Capital multibaggers and counting. Something tells me we are not stopping there.
Can we hit #20? 👇