Tesla reports earnings after the bell on Wednesday. After last […]
LikeFolio Weekly Roundup
The market at large had down week through close yesterday, with the SPX down ~0.75%, though popping back nicely today.
Our portfolio behaved much in the same manner, with a handful of very outsized moves to the upside. Here's an overview of our biggest movers over the last week through close on Thursday, Oct. 24.
Stride (LRN): +43%
Stride is LikeFolio's top pick in the non-traditional education segment, offering K-12 online education, career learning, professional skills training, and talent development services, supporting both students and adult learners. The company just put out a stellar earnings report this week, marking its highest year of gross enrollment growth ever recorded. Revenue increased 15% to $551 million, and operating income increased by nearly 300%! Wow. Still bullish -- we think this could be an even larger asymmetric winner if Trump secures an election victory.
Tesla (TSLA): +18%
Tesla’s third-quarter earnings smashed profit expectations, propelling a 17% stock jump as CEO Elon Musk forecasted at least 20% growth in 2025. Musk emphasized Tesla’s momentum toward robotaxis, with plans to launch a driverless ride-hailing service by 2025, sparking optimism about autonomous and high-growth future initiatives. Cybertruck sales also hit a milestone, becoming Tesla’s third-best-selling EV in the U.S. with over 16,000 units sold, achieving profitability along the way. LikeFolio data shows improving web metrics -- we see big gains from here.
Chewy (CHWY): -6%
No major news from Chewy this week. LikeFolio data shows continued improvements on the eCommerce front, with web visits up +11% YoY in September vs. +5% in June. App usage is surging, with daily active users hitting multi-year highs as well. This pullback could present as an accumulation opportunity for long-term investors.
Check out the rest of the weekly roundup here...