LikeFolio Weekly Roundup

September 13, 2024

Is the September slump over? Perhaps for the names in our portfolio (for now).

We just capped off a great week of gains at LikeFolio, with all but 4 names finishing in the green...several with double digit moves to the upside.

Here's a summary of the biggest moves for the week through close on Sept. 12.

Aurora (AUR): +23%

Remember when we said the pullback in AUR looked like a great accumulation opportunity last week? That was right on. AUR stock was our biggest mover this week, up more than +20% at multi-year highs. The stock moved higher alongside positive autonomous driving news from Waymo and partner Uber. We remain bullish on autonomous driving technology across the board.

Marathon Digital (MARA): +18%

Another accumulation opportunity winner. Marathon Digital made back some of its losses against seemingly oppositional macro odds. The price of Bitcoin pushed even higher on Friday, further bolstering the mining stock. One analyst noted that his team sees new highs for Bitcoin regardless of presidential election outcomes. Our bullish outlook for Bitcoin and related names like MARA remains unchanged.

Chewy (CHWY): +18%

Chewy shares pushed higher on the back of several bullish notes from analysts this week, including Goldman Sachs and Barclay's. Recent improvements in active consumer engagement is likely to spark an acceleration in revenue growth, and its pet health exposure is likely to improve margins. We see continued improvement in real-time consumer metrics, especially in engagement with its health offerings. Web visits to chewyhealth.com hit new highs in August, building on an already strong quarter.

Palantir (PLTR): +15%

Palantir announced a 5-year extension of its current contract with BP, who uses PLTR's "digital twin" simulation for its oil and gas operations. Moving forward, BP will integrate Palantir's large language models into tis workflows. PLTR will also join the S&P 500, which serves as a bullish catalyst for the stock long-term.

Check out our 3 more big movers here, including one luxury retailer that just hit all-time highs...

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