Now try $Uber, double whammy- getting disrupted on self-driving cars + the headwind of less pricey food delivery orders.

$AMZN imho has the least AI risk to the biz of the Mag 7, ~40% mkt share of ecomm, AWS + AI tailwinds AMZN Retail generates about the same operating profits as all of $WMT, but growing 2x+ the rate..interesting on days like today when $WMT is viewed as defensive but AMZN not. 🤔

Now do $CAT!

Exactly, ride hailing is a pure commodity business, the cheapest price will win every time. $UBER $LYFT already getting additional competition from Waymo & Tesla

Now folks this is an asymmetric idea! Great thesis, thanks for sharing. If this is just half as successful as the $DDS trade this is a homerun! Would be great to see some insider buybacks.

The problem is that trade is sooooo crowded, if it does indeed unwind, it will be a problem for a lot of folks. Short SaaS and long Semis, equally risky imho...

And AI is about to get regulated... This AI crap is going to be used against us.

This dude is underfollowed - Up 20%+ on this call already, more to potentially come w/ the buyback, trimming half and letting the rest ride.

"Now flip the POD trade, 15x MAX LONG SOFTWARE, 15x MAX SHORT AI/CAPEX/SEMIs"

I really think $CAT has like 40-50% downside from these levels. Rates moving higher not great for this biz. Only 15% exposed to AI datacenters.

Very fundable, please support my Hedge Fund!

It's a great environment to go on a cruise & travel in general. $RCL $CCL $NCHL

Crazy to me that these cruise liners (like $RCL) are rallying after a weekend of Terrorist attacks &/or threats. Can't see demand holding up this summer for floating buffets. Dispersion feels just like random de-grossing. $BKNG still down -2.65%

He's in Austin, Texas today at a crappy MFA conference trying to sell everyone on $PSUS

Storyline: "Value/SaaS bros are excited about the potential bottoming in SaaS, they've been dip buying software all year saying the mean reversion will happen soon." Director: "Now lets put the POD short SaaS trade back on, MAX Short, make the dip buyers become forced sellers"

This one has been a complete turd, almost worth taking a stab here at these levels. Decent overall biz, mis-managed a lot imho.