Between a “warmer-than-expected" inflation report on Wednesday, the second major hurricane to hit the U.S. in less than a month making landfall, and the kickoff of a new earnings season, this week was a rocky ride for stock market investors. Yet our portfolio names withstood the storm, logging more winners than losers over the last week.

Here's an overview of the biggest movers through market close on Thursday, October 10...

Featured This Week: TSLA, HOOD, LRN, PLTR, NGL

Tesla (TSLA): -5%

Among all the names in our portfolio, Tesla is garnering the most buzz thanks to its long-awaited Robotaxi Day on October 10. Streaming live from Los Angeles, CEO Elon Musk used the hour-and-a-half event to show off his “Cybercab” – a sleek silver sedan with no pedals or steering wheel, delivering on his fully autonomous promise. The audience got to see Tesla’s Cybercab navigate the Warner Brothers Studios lot up close and personal. Set to be priced around $30,000 and projected for production within two years, the Robotaxi could cement Tesla’s leadership in the autonomous vehicle race. Musk also delivered a surprise debut of his futuristic “Robovan,” capable of transporting up to 20 passengers.

It was an exciting glimpse into the future of transportation – but left many investors underwhelmed. TSLA shares were down nearly 5% this week heading into the event and continued their slide Friday morning.

We believe this reaction is a serious underestimate of Tesla’s robotaxi potential. The haters love to bet against Elon Musk and his lofty goals for Tesla, turning each new ambition into a headline about imminent failure. But time and again, Musk has defied his critics and turned skeptics into reluctant admirers.

Uber Technologies (UBER): +5%

Uber is riding Tesla’s Robotaxi Day tailwinds better than Tesla itself – at least according to its stock performance. With self-driving tech in the spotlight, investors continue to bet on UBER to win big in the driverless future. We couldn’t agree more with this bullish view. Uber is set to play a big role in the autonomous future of mobility because its industry-leading scale offers immense value to AV players. The company currently has 10 partnerships shaping the AV mobility, delivery, and freight ecosystem, including projects with Waymo, Motional, Aurora, and Volvo. Expect the gains to continue.

Robinhood Markets (HOOD): +11%

HOOD continued its trek higher this week, rising 11% over the last six trading days and 35% over the last month, hitting a new 52-week high earlier today. Shares are up on a positive note from Barclays, which upped its price target from $20 to $23 on optimism around its trading products. Robinhood also announced it would hold its first-ever Investor Day on December 4. Wall Street seems to be catching on to what we already knew – that this platform is gaining momentum on Main Street and ready to rocket higher. We like what we’re seeing and continue to be bullish. Our April position is up 35%. Congratulations.

Palantir Technologies (PLTR): +9%

Palantir is riding high – the artificial intelligence (AI) stock joined the S&P 500 Index in September and has rocketed nearly 30% in the last month alone. This 2021 recommendation caught fire on Wall Street earlier in 2024 after touting demand for its AI solutions and hasn’t slowed down since. Just this morning, PLTR reached a new 52-week high of $44.32. We’re impressed with these gains and see plenty more to come.

NGL Energy Partners (NGL): +9%

In May, we recommended this pick-and-shovel energy stock as a promising election-year play, noting it could benefit from increased fossil fuel demand under a Republican administration. With Election Day less than a month away, NGL is finally showing signs of life, gaining nearly 9% over the last six days. No major news driving those gains that we can tell but we’re glad to see this play picking up steam. Keep holding this position for now – we see it paying off.

Stride (LRN): -9%

After an impressive ~50% run-up in 2024, shares of the online learning platform Stride pulled back nearly 9% this week. This could be a reaction to AQR Capital Management slashing its position by 16% earlier this week. At LikeFolio, we really don’t care much about moves like this because our edge comes from understanding consumer behavior. And what we know is that consumer trust in traditional higher education is declining rapidly – and Stride is in prime position to capitalize on this shift, offering cost-effective and flexible courses in high-demand fields. Stay bullish.