Weekly Market Report 6/28/26
One robotics stock that reminds me of OKLO, AI chip company with major catalysts, two AI healthcare stocks that stick out, the Magnificent Seven standout, my portfolio, and more.
Word of the week is broadening.
Use cases for AI are expanding which means new companies and industries are starting to feel the downstream impact on their businesses.
The AI trade is spreading into healthcare, biotech, fintech, robotics, and other areas that were ignored while the market has been obsessed with the same few names over the past few months.
Could this be the Jurassic Park moment? In the movie, they thought they were just building a fun park.
In reality they were opening the door to something much bigger and harder to control than anyone expected.
That’s how AI feels right now. The market started by rewarding the companies building the infrastructure but now it feels like the technology is breaking out of the lab and moving into the real world.
Over the past few weeks there’s been a major emphasis on why being early is so important. That’s always been a major focus of this Substack, I want to be ahead of the crowd.
Semiconductors and AI infrastructure stocks have cooled off, with many pulling back 20% or more. This has left market participants asking “what’s happening?!”
You have to zoom out.
These stocks have gone on historic runs and rewarded early buyers with monstrous gains. Just look at the charts of names like SNDK, LITE, ARM, MRVL, etc. They’ve gone parabolic over the past two months.
Now the market is broadening and new opportunities are popping up everywhere.
If you recall, one month ago today I published an article titled “The Next Trade Will Be Different.”
In that article I was explicit that I thought the market was about to see major broadening and that it was time to start shifting focus from AI infrastructure into other groups.
Now one month later, everyone is talking about it. It pays to be early.
If you’re not already in the subscriber chat, I strongly suggest paying attention to it.
This is where I post all of my new trades as I enter them. I walk through the trade idea entirely including my thesis, risk level, cost basis, and more.
This past week I added multiple new positions in emerging groups. One was ABCL, it’s already up 30%!
The subscriber chat is also where I post a daily thread with my thoughts on the day ahead, relevant headlines and macro events, my main focus names, notable upgrades and downgrades, and anything else I’m watching.
It’s basically become a live market group chat. We have a ton of smart people sharing ideas, setups, headlines, and observations throughout the day, and there’s a lot of genuine alpha in there.
I honestly believe it might be one of the most (if not the most active) subscriber chats on Substack.
Come join us!
In the remainder of this article, I’m going to discuss:
Two AI healthcare stocks that haven’t run yet but have very compelling narratives and excellent charts
A robotics stock with OKLO-esque potential
A chip company that might just be getting started
One Magnificent Seven stock that stands out above the rest
My trading portfolio
My focus list
Other notable charts
The overall market
And more.
The ideas in this article are some of my favorite of the year so far. As the market broadens the opportunity set continues to expand. And right now it feels like there are setups everywhere.