Rigatoni Capital Podcast

The Knicks pulled off the biggest comeback in NBA Finals history last night, down 29 points, and I could not help but draw the parallel to long term investing. Staying in the game is the whole ball game. You do not know which dip precedes the run, the same way the Knicks did not know the third quarter was the one where San Antonio went cold. You just keep taking good shots and let the distribution...

I was out for a couple of days but I am back and I bought the dip while I was gone. I added to my QQQ position at around $687 a share, which happened to catch almost exactly the bottom on that flush-out move. I also bought Broadcom on June 4th as a new position. This morning I make the case for why buying the dip is not a trading strategy, it is a long term investor's mindset. If you understan...

The Nasdaq had one of its worst weeks in over a year, semiconductors sold off hard, and I came on over the weekend to tell you exactly what I did and why. On Thursday I bought Broadcom at $409 a share, and then the dip kept dipping. The stock is now trading around $385 and I am down about 6%. I walk through my full thought process on why I bought it, why I think the selloff was overdone, and why t...

Marc Rudajev of the Learning. Investing. Thriving newsletter on Substack is back on the Rigatoni Capital Podcast for round two. This time we cover three big themes: whether American investors are too US-centric in their portfolios, what the SpaceX IPO actually means for the average retail investor, and what Q1 earnings are really telling us heading into summer. On the international question, Marc...

Broadcom is down 14% after earnings despite reporting 48% year over year revenue growth and guiding for 84% growth next quarter. CrowdStrike dropped 10% on a strong beat that simply was not strong enough given how far the stock had run. This morning I give my honest take on both prints and whether the selloff makes any sense. I also cover my latest Substack post on why the deal makers on Wall Stre...

Oil is back near $97 a barrel as US-Iran tensions flare up again. Palo Alto reported last night and beat on revenue with 31% year over year growth, though a GAAP net loss from non-cash acquisition charges is creating noise in the headlines. Tonight is a big one with Broadcom, CrowdStrike, and Veeva all reporting after the close. I also revisit the Alphabet $80 billion equity raise and why Greg Abe...

Alphabet announced last night it is raising $80 billion in equity to fund its AI CapEx buildout. That includes a $40 billion at the market offering, $30 billion in convertible preferred stock, and a $10 billion private placement with Berkshire Hathaway at a meaningful discount to the closing price. This morning I walk through what this actually means, why the bulk of the proceeds are not going dir...

I spent the weekend researching Eli Lilly and wrote a post on Substack about why I added it to my watchlist. I am not a biotech expert, I cannot read a phase three trial, and this is not my natural habitat as an investor. But when you see a one trillion dollar company growing sales revenue 56% year over year with 45% operating margins that look more like a software business than a pharma company,...

Snowflake reported an extraordinary quarter and the software sector is responding. Palantir was up 10% yesterday, AppLovin crossed $600 a share, Dell surged 30%, and even Salesforce turned green. This morning I ask the question: is this the turning point in the AI Disruption narrative for software stocks, or just a normal bounce in a longer bear market? Snowflake's Cortex Code AI agent and the...

Markets are catching a breather after the unbelievable run in semiconductors. This morning I talk about the people on social media getting filthy rich finding bottleneck plays in memory chips, refined rare earths, and nuclear, and whether that is skill, luck, or a little bit of both. Someone turned $700K into $20 million finding the right bottleneck and putting in the work. I am not dismissing tha...

Micron Technology just became the fastest company in history to go from a $500 billion to a $1 trillion market cap, doing it in roughly 48 days. SK Hynix is now the twelfth largest company on earth. Samsung is eleventh. TSMC is comfortably above $2 trillion. The memory chip super cycle is going parabolic and I have not made a single move since April 10th. This morning I walk through what that mean...

South Korea's KOSPI has rallied about 80% this year and Taiwan is up about 40%, both markets transformed by AI driven semiconductor demand. Samsung, SK Hynix, and TSMC are genuinely reshaping global market cap structure. I open with why I am being cautious on chasing these markets, because nothing goes up in a straight line. But the meat of this morning's conversation is about where I actu...

Nvidia just reported record revenue of $81.6 billion for the quarter, up 85% from a year ago, with Data Center revenue hitting a record $75.2 billion, up 92% year over year. We do a late Friday night Memorial Day weekend special to break it all down. I also cover Walmart's earnings and what the retail and consumer picture is telling us right now, touch briefly on Intuit and Bitcoin, and get in...

Kevin, aka Bagholder, is back on the Rigatoni Capital Podcast for another great conversation. This week we focus on the SpaceX IPO set for June 12th at a valuation between $1.75 and $2 trillion. Kevin walks through his price to sales framework and lands on a multiple of roughly 110 times sales, which is difficult to justify when three quarters of SpaceX revenue comes from Starlink and the AI divis...

CAVA reported last night and the numbers were strong. Revenue grew 32.2% year over year to $438 million, beating estimates, same restaurant sales up 9.7% driven by 6.8% traffic growth, and the company raised full year guidance. Zero debt and $403 million in cash. I walk through the results and use CAVA as a teaching moment for anyone newer to investing. Fast casual restaurant chains like CAVA, Chi...

Semiconductors are pulling back and the dopamine hits from watching the SMH go vertical are slowing down. This morning I talk about why this is completely normal heading into a big earnings week. Nvidia reports Wednesday, Walmart and John Deere Thursday morning, Workday Thursday after close, and Cava tonight. I share my honest take on Walmart now being in the Nasdaq 100 and why I am embracing it....

It is Merger Monday in the utility sector. NextEra Energy just announced a $66.8 billion all-stock deal to acquire Dominion Energy, the largest power sector acquisition ever recorded. The combined company will create the world's largest regulated electric utility, serving roughly 10 million customers across Florida, Virginia, North Carolina, and South Carolina with 110 gigawatts of power gener...

The Q1 2026 13F filings keep trickling in and a clear theme is emerging. Super investors are quietly picking at software stocks that have been beaten up by AI disruption fears. Microsoft and Intuit are showing up in multiple filings, and there is broad based institutional interest accumulating in Salesforce, Workday, and ServiceNow as well. This morning I walk through what the 13Fs are showing, wh...

If you had invested $50,000 in SOXL around Liberation Day lows of around $9 per share just 13 months ago, your position would be worth over $1 million today with the 3x Bull ETF now trading above $180. This morning I walk through that trade, why it is a legitimate example of professional buy the dipping at its finest, and why there is absolutely no shame in making that kind of money on a leveraged...

April PPI just dropped this morning and it is hotter than expected across the board. Final demand rose 1.4% month over month, the largest monthly gain since March 2022, and up 6% year over year, the biggest annual increase since December 2022. The consensus estimate was 0.5%. Core PPI accelerated 1% against a 0.4% estimate. Energy is driving a big piece of it but the data shows price pressure is n...

Semiconductors are pulling back this morning and I could not be happier about it. After a 17-day historic winning streak and a 40% gain in the Philadelphia Semiconductor Index, a breather was not just expected, it was necessary. It is quite possible that the sector was already pricing in 2028 earnings at the peak of that run. This morning I step back and talk about the right way to get invested in...

We are witnessing something that has never happened before in the history of the semiconductor index. The Philadelphia Semiconductor Index went up 17 consecutive trading days starting March 31, the longest streak in its 32-year history, gaining 40% in that window. The Nasdaq 100 is up over 15% since late March. This morning I reflect on why this moment will go down in financial history for decades...

Software earnings week is officially in the books and long term investors who held through the volatility should be feeling good right now. AI is not disrupting these software companies, it is the layer that when used correctly is driving extraordinary productivity gains inside them. Paul Tudor Jones is also reportedly adding to his AI stock positions, which is worth noting. This morning I go over...

I am calling it this morning. The AI disruption fear narrative is over. Software earnings have been nothing short of extraordinary this season. AppLovin just reported revenue up 59% year over year to $1.84 billion with net income up 109% and free cash flow of $1.3 billion. Palantir posted its fastest revenue growth rate as a public company. Atlassian jumped 29% on its print. Datadog, Axon, all del...

TransDigm just reported another strong quarter, with revenue up 18.3% year over year to $2.54 billion, EBITDA margins holding at 52.6%, and full year guidance raised again. This morning I cover my latest Substack post on the company and make the case for why TransDigm is the ultimate picks and shovels play for any cyclical uptick in Boeing and Airbus aircraft production. Whether commercial air tra...