Luke Lango

Things are looking up for growth stocks. Feb was awful. Mar was less bad. Apr will be better. BUT there is more vol on the horizon. Big inflation numbers will spook Wall Street in Q2. Be ready to buy those dips. Like these previous dips, they won't last. #StickWithInnovation

$TSLA $NIO report strong deliveries. $DMYD signs NFL deal. $IZEA reports 130% bookings growth. $DKNG downloads surging in March. $CGC $SSPK widening reach as New York & New Mexico legalize weed. Across the board, the fundamentals on disruptive growth stocks are only improving.

The last 2 days are the first days in over a month that the stock market has matched reality. Because, in reality, EVs, AVs, cloud, AI, e-commerce, eSports, CTV, digital advertising — those things are taking over the world. Stick with the disruption. Stick with the innovation.

Wall Street didn’t like the $IZEA call. But as a LT investor, it was music to my ears. They’re going “all in”. Invest a ton today. Grow super fast. Leverage scale down the road to drive profits. It’s a winning recipe $AMZN pioneered & which I expect IZEA to copy successfully.

Canoo announced some significant changes on the Q4 call. Wall Street didn’t like them b/c they essentially pushed back revenue estimates. But I actually think it’s the right direction for the company long term to monetize its powerful MPP platform. Still like $GOEV long term.

Love the note from Wedbush today emphasizing the “big picture” on EVs. All transit is being electrified, & that creates huge opportunities from lithium suppliers to battery makers to OEMs. High quality players in those verticals will turn into auto industry titans.

Core PCE +1.4% YoY in Feb, consistent with core PCE growth past 5 months and down from 1.5% growth in February. So, despite 50m Americans getting vaccinated and restaurants/shops/travel broadly reopening, inflation is barely moving higher. Thank you, internet.

Lots of red today. It’s tough. I know. But we will be taking advantage to gradually establish low cost bases in high-quality stocks bc, while there is likely more pain ahead, lots of tech stocks have 100%+ fundamentally supported upside potential from here over the next 12mos.

Growth stocks are being punished despite falling yields. As I've said before, until we get through Q2 and see inflation tame down on the other side, growth stocks will struggle thx to the reflation trade. The thing is, if you're a long term investor, this "struggle" = opportunity

The difference between today's sell-off and prior sell-offs over the past month? The 10Yr yield is falling, not rising. It's off 5bps right now, and 13 bps below recent highs. I suspect yields will be stuck between 1.5% and 2% for most of 2021/22. That's bullish for tech stocks

BofA is wrong here. $SNAP + $PINS are great reopening plays. More ppl go to bars/restaurants/concerts, more they’ll share content on $SNAP. More ppl travel + plan events, more they’ll use $PINS. Both great investments that double as reopening plays https://t.co/1OOKebLMnq

Investing in disruptive tech is about so much more than making money. It’s about doing our part to make the world a better place. In this case, it’s about eradicating drunk & careless driving to save millions of lives. That’s worth infinitely more than 10X gains $LAZR $IPV $TSLA

Cathie Wood @CathieDWood

Human error accounts for ~85% of of auto accidents and fatalities. We believe that data will convince regulators that human-driven vehicles are weapons of mass destruction. They cause 35-40,000 deaths per year in the US and more than 1.25 millions deaths globally.

Harris poll: 57% of Americans plan to save/invest their stimulus checks. Mizuho poll: 35% will invest it in Bitcoin or stocks. Deutsche survey: 25-34 yos will spend 50% of check on stocks. Inflation fears are overstated. Prices will surge on Wall Street — not Main Street.

Investing this past month has been rough because company fundamentals have taken a backseat to monetary policy. It’s all about yields and rates these days. This won’t last forever. Once yields stabilize, biz fundamentals will come back into focus. Patience is the name of the game

So, the Fed — like me — doesn’t believe in hiking interest rates to account for a one-time, transitory burst in inflation. The dot plot barely changed from December. Still zero rate hikes until 2024. These are very smart folks. Trust them. Inflation is not a long running problem

On $PLUG, the restatements appear focused on right-of-use asset accounting related to sale/leaseback transactions in its PPA biz, in which accounting changes in 2018 inflated gross margins. It’s not big. PPA = just 10% of revs. But tough to see the stock outperforming near term

Skiddish trading ahead of Powell’s presser tomorrow. Totally makes sense. But I don’t think the dot plot or Fed commentary will change much, and that unchanging commitment to accommodative policy is a long-term positive — regardless of how Wall Street reacts tomorrow.