Core Insights - The Russell 2000 index has rebounded significantly in Q3 2025, achieving its first all-time high since November 2021, driven by interest-rate-cut expectations and overall optimism in U.S. equities [1] - Nearly 60% of the Russell 2000 index components are trading above their 200-day moving average, indicating potential for further gains [2] - Notable top performers in the Russell 2000 index include Mercurity Fintech Holding, which surged by 538.44% over the past three months, and other companies showing substantial growth [4] Performance Highlights - The top performers in the Russell 2000 for Q3 include: - Mercurity Fintech Holding MFH (+538.44%) - Better Home & Finance Holdings BETR (+353%) - Kodiak Sciences KOD (+338.87%) - Korro Bio KRRO (+283.43%) - Celcuity CELC (+270.04%) - Bloom Energy BE (+253.55%) - American Battery Technology ABAT (+200%) [4] - Year-to-date best performers include: - Oncology Institute TOI (+1,029.45%) - Thredup TDUP (+579.86%) - Better Home & Finance Holdings BETR (+529.37%) - Oklo OKLO (+425.81%) - Palvella Therapeutics PVLA (+422.42%) [4][5]

Core Viewpoint - Rent the Runway, Inc. is a fashion rental service aiming to provide a sustainable alternative to traditional retail, competing with companies like ThredUp Inc. and Allbirds, Inc. [1] Financial Performance - Rent the Runway's Return on Invested Capital (ROIC) is -39.57%, significantly lower than its Weighted Average Cost of Capital (WACC) of 6.54%, resulting in a ROIC to WACC ratio of -6.05, indicating insufficient returns to cover capital costs [2][6] - ThredUp Inc. has a ROIC of -18.82% and a WACC of 11.66%, leading to a ROIC to WACC ratio of -1.61, suggesting it is also struggling but performing better than Rent the Runway [3] - Allbirds, Inc. has a ROIC of -80.40% and a WACC of 7.75%, resulting in a ROIC to WACC ratio of -10.37, indicating even greater difficulties in generating returns compared to Rent the Runway [4] - Warby Parker Inc. has a ROIC of -3.46% and a WACC of 13.06%, leading to a ROIC to WACC ratio of -0.26, making it the most efficient in capital utilization among the analyzed companies [5][6]

Core Insights - Optimist Fund reported its strongest investment performance in Q2 2025, achieving a return of 39.2%, significantly outperforming its benchmark which returned 11.3% [1] Company Overview: ThredUp Inc. (NASDAQ:TDUP) - ThredUp Inc. is an online resale platform focused on secondhand apparel, shoes, and accessories, with a market capitalization of $1.33 billion as of September 15, 2025 [2] - The stock experienced a remarkable one-year return of 1,062.54% and a one-month return of 1.98% [2] Financial Performance - ThredUp Inc. reported a revenue growth of 16.4% year-over-year, reaching $77.7 million in Q2 2025 [4] - The company exceeded expectations in Q1 2025 and raised its guidance for Q2 and the full year, indicating a positive outlook for future performance [3] Investment Sentiment - ThredUp Inc. was held by 25 hedge fund portfolios at the end of Q2 2025, an increase from 13 in the previous quarter, reflecting growing interest among institutional investors [4] - Despite its strong performance, some analysts suggest that certain AI stocks may offer greater upside potential with less downside risk compared to ThredUp Inc. [4]

Hello and welcome to Ask Me for a Trend. I'm Josh Lipton and for the next half hour, we are breaking down the trends of today that'll move stocks tomorrow. There's a lot to keep track of, so we're focusing on what you need to know to get ahead of the curve. Here's some of the trends we're going to be diving into.Stocks jumped Monday as investors clawed back losses from Friday's trading. At the end of the session, all major indices ended the day higher. And it is a hot summer for investors.We're taking a dee ...

Core Insights - Peloton has launched a peer-to-peer resale marketplace named Repowered to tap into the growing resale market for connected fitness equipment and monetize inactive devices in customers' homes [2][6] Group 1: Marketplace Features - Users can list pre-owned Peloton equipment and accessories on the Repowered platform, with pricing assistance from a generative AI tool, while sellers retain control over the final asking price [3] - Upon sale, sellers receive 70% of the final sale price, with the remainder split between Peloton and Archive, the technology provider, and sellers also benefit from discounts on new equipment purchases [4] Group 2: Market Trends - The resale market is experiencing growth, with Peloton noting a 16% year-over-year increase in new subscribers who acquired hardware through secondary channels like Facebook Marketplace, which also showed a lower net churn rate compared to rental subscribers [5] - Economic factors are driving consumers towards secondhand shopping, with an average savings of 30%, as they seek ways to manage spending amid new tariffs [8] Group 3: Launch and Expansion Plans - The Repowered platform is currently in a beta phase available in New York City, Boston, and Washington, D.C., with plans for nationwide expansion in the coming months [7]

Group 1: Small-Cap Stocks Overview - Small-cap stocks are considered risky but can offer significant rewards, necessitating investor exposure [1] - A cautious approach is recommended, focusing on the right stocks and avoiding over-investment in any single stock [1] Group 2: Root, Inc. - Root, Inc. is a small insurance carrier with a direct-to-consumer (DTC) business that is gaining traction [2] - The company is expected to shift to profitability in 2024, which is anticipated to be sustained in 2025 [2][3] - Analysts forecast a 12-month stock price of $122.17, indicating an 11.31% downside from the current price of $137.75 [2] Group 3: Applied Digital Corporation - Applied Digital Corporation has shifted focus from Bitcoin to AI, aiming to build high-performance computing centers [7] - The stock is rated as a Buy with a 12-month price forecast of $10.67, representing a 58.26% upside [6] - Revenue growth is expected to sustain a moderate 30% pace for 2025 and 2026, with acceleration anticipated later in the decade [8] Group 4: Astronics Corporation - Astronics Corporation operates in aerospace and defense, with resilient demand from commercial and defense contracts [10] - The stock is currently rated as Hold, with a 12-month price forecast of $21.00, indicating a 30.48% downside from the current price of $30.21 [10] - Institutional ownership exceeds 55%, with buying activity ramping to long-term highs in Q2 2025 [12] Group 5: ThredUp Inc. - ThredUp Inc. is benefiting from AI improvements, leading to reduced costs and increased user counts [14] - The company expects to revert to growth in 2025, projecting a 10% revenue advance by year-end [15] - Analyst sentiment is improving, with rising price targets supporting market action [16] Group 6: Aeva Technologies - Aeva Technologies specializes in LiDAR systems, forecasting revenue growth of up to 100% in 2025 [18] - The company is expanding its manufacturing capabilities through new partnerships, which may sustain growth into 2026 [19] - Analysts have responded favorably, lifting price targets and increasing trading volume, with institutional buying spiking in Q2 2025 [20]

Core Viewpoint - Hershey reported quarterly earnings of $2.09 per share, exceeding the Zacks Consensus Estimate of $1.94 per share, but down from $3.07 per share a year ago, indicating a 31.9% year-over-year decline in earnings [1][2] Financial Performance - The company posted revenues of $2.81 billion for the quarter ended March 2025, missing the Zacks Consensus Estimate by 0.54% and down from $3.25 billion year-over-year, reflecting a 13.5% decrease [2] - Over the last four quarters, Hershey has surpassed consensus EPS estimates two times and topped revenue estimates only once [2] Stock Performance - Hershey shares have declined approximately 1.3% since the beginning of the year, while the S&P 500 has decreased by 5.3% [3] - The current Zacks Rank for Hershey is 3 (Hold), indicating expected performance in line with the market in the near future [6] Future Outlook - The consensus EPS estimate for the upcoming quarter is $1.17 on revenues of $2.47 billion, and for the current fiscal year, it is $6.10 on revenues of $11.42 billion [7] - The outlook for the Food - Confectionery industry, where Hershey operates, is currently in the top 38% of Zacks industries, suggesting a favorable environment for stock performance [8]

Olivier Le Moal The following segment was excerpted from The Optimist Fund Q1 2025 Quarterly Letter. Top Contributors ThredUp (TDUP) As highlighted in our Q4 letter, ThredUp preannounced strong results in January, pointing to a meaningful acceleration in both revenue growth ...

Core Viewpoint - Colgate-Palmolive reported quarterly earnings of $0.91 per share, exceeding the Zacks Consensus Estimate of $0.86 per share, marking a year-over-year increase from $0.86 per share [1] Financial Performance - The company achieved revenues of $4.91 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 1.15%, although this represents a decline from $5.07 billion in the same quarter last year [2] - Over the last four quarters, Colgate-Palmolive has exceeded consensus EPS estimates four times and topped revenue estimates three times [2] Stock Performance - Colgate-Palmolive shares have increased approximately 2% since the beginning of the year, contrasting with a decline of 6.8% in the S&P 500 [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.94, with projected revenues of $5.01 billion, and for the current fiscal year, the EPS estimate is $3.67 on revenues of $20.03 billion [7] - The trend of earnings estimate revisions is mixed, which could change following the recent earnings report [6] Industry Context - The Consumer Products - Staples industry is currently ranked in the top 37% of over 250 Zacks industries, suggesting that companies in the top half tend to outperform those in the bottom half by more than 2 to 1 [8]

Group 1: Market Overview - As of April 23, 2025, two stocks in the consumer discretionary sector are signaling potential warnings for momentum-focused investors [1] - The Relative Strength Index (RSI) is highlighted as a key momentum indicator, with values above 70 indicating overbought conditions [2] Group 2: Company Analysis - ThredUp Inc (TDUP) - ThredUp is set to release its Q1 financial results on May 5, with the stock having increased approximately 37% over the past month and reaching a 52-week high of $3.89 [6] - The current RSI value for ThredUp is 83.2, indicating overbought conditions, and the stock closed at $3.85 after a 15.3% gain [6] - ThredUp has a momentum score of 99.37 and a value score of 52.30 according to Edge Stock Ratings [6] Group 3: Company Analysis - Ammo Inc (POWW) - Ammo Inc completed the sale of ammunition manufacturing assets to Olin Winchester on April 18, which is seen as a pivotal moment for the company [6] - This strategic move is expected to unlock significant value and facilitate growth as a pure-play e-commerce platform [6] - Ammo's stock rose around 35% over the past five days, reaching a 52-week high of $2.86, with an RSI value of 81.4 [6] - The stock closed at $1.80 after a 15.4% increase [6]