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🚨 Biggest Insider Buying EVER

Tech insiders are smashing the buy button on their own stock.

And not just a few of them. The most since anyone started counting.

The number of insiders buying open-market shares inside the tech sector fund $XLK ( β–² 1.24% ) just hit a record reading of 28, per SentimentTrader. That's the highest since tracking began in 2010.

Quick refresher: insiders sell for a million reasons. New house, divorce, boat named Liquidity.

But they only buy for one reason. They think the stock is going up.

Now here's the spicy part.

This buying spree is happening while tech looks a bit wobbly. $XLK ( β–² 1.24% ) is up roughly 23% in six months, but it's slipped about 2% over the past month as investors sweat over frothy AI valuations and a grumpy macro backdrop.

So the people with the best seat in the house are buying the dip everyone else is nervous about.

Are they geniuses? Or just catching a falling knife with corporate expense-account confidence?

Who's actually in XLK? The top 10 holdings by weight:

This fund is basically chips with a side of chips.

Insider buying isn't a guaranteed green light. But when the people reading the internal emails start opening their own wallets, history says it pays to at least look up from your coffee.

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Earlier this month, a household-name automaker reported it sold 31,692 fewer vehicles than a year ago. The stock pulled back. Analysts turned bearish β€” 13 estimate cuts against just 5 upgrades in 90 days.

Here's what they missed: earnings are still expected to jump 26% year-over-year.

This isn't a turnaround gamble. It's a company printing cash on its highest-margin vehicles (three models grew 20-28% last quarter), raising prices while competitors discount, and buying back $6 billion of its own stock while the market looks the other way.

It trades at 5.4x forward earnings. That's a 19% earnings yield. Our fair value work points to as much as 49% upside from here.

Earnings drop on July 21st. After that print, this setup may not exist at this price.

In today's Premium+ deep dive, we break down:

  • Which company this is, and why its "bad" quarter was actually its most bullish signal in months

  • The exact fair value maths behind the 49% upside call (and the multiple we're using)

  • The single trigger that would kill the thesis instantly β€” know it before you buy

  • The one line item to watch on July 21st that tells you if margins are inflecting

🍭 Nvidia Is Cheaper Than Candy (Literally)

Nvidia $NVDA ( β–² 3.65% ) is now cheaper than Hershey $HSY ( β–Ό 0.88% ).

Yes, the chocolate company. Let that melt in for a second.

The AI king has fallen 16% since its May 14 peak, torching roughly $1 trillion in market value.

Where did the money go? Investors are speed-dating other chip stocks.

Micron is up 229% in 2026 (after a 239% run in 2025). Intel is up 199% YTD. AMD up 141%.

Nvidia in 2026? A humble 5.6%. The S&P 500 is beating it. The Nasdaq is doubling it.

Here's the twist though.

Nvidia now trades at 18x forward earnings, its cheapest since early 2019. That's before ChatGPT was even a rumour.

For context:

  • S&P 500: 20x forward earnings

  • Nasdaq 100: nearly 23x

  • Nvidia: 18x

The company projected to post the 4th-fastest revenue growth in the entire S&P 500 is now valued below half the index.

Including Hershey. And Dominion Energy. A utility company.

It's like finding a Ferrari priced under a Honda Civic because everyone at the dealership is obsessed with the new motorbikes.

Those motorbikes? Memory chips. Demand for high-bandwidth memory is going vertical, and Micron is riding it like a mechanical bull.

The whole Philadelphia Semiconductor Index is up ~74% this year, on pace for its best year since 2003.

So the chip party is raging. Nvidia just isn't the one holding the aux cord anymore.

The question for your watchlist: is this a generational discount on the AI leader, or is the market telling you something?

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πŸŒ™ Trump's Midnight Threat

Speaking at the NATO summit in Ankara, the President confirmed the US hit Iran "very hard last night" and will probably do it again. His exact vibe? "I'll give a little warning."

Generous.

The ceasefire? Officially dead.

Trump called the truce "a waste of time" after both sides accused each other of breaking a 60-day negotiation deal. That deal had lifted the US naval blockade on Iranian ports.

Now the blockade might come back. Trump's words: "We may put it back... and it'll only be a blockade for Iran."

Why this all kicked off (again):

  • Ships got attacked in the Strait of Hormuz

  • Washington blamed Iran and responded with fresh strikes

  • The US also revoked the waiver letting Tehran sell oil globally

  • Iran says no ship passes the strait without its permission

Think of the Strait of Hormuz as the world's most important toll booth. Roughly a fifth of global oil squeezes through it. When someone threatens to shut the booth, oil markets sweat.

Trump also floated bombing desalination and power plants. That's escalation beyond shipping, straight into infrastructure territory.

What are traders pricing in?

Polymarket's odds on a reinstated blockade:

  • 24% by July 31

  • 40% by August 31

  • 47% by December 31

So basically a coin flip by year-end. Comforting.

The bottom line: no timeline from the White House, just a clear message that bombs and sanctions are both staying on the menu. Energy flows and shipping lanes are the collateral damage watchlist.

What did you think of today's update?

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