Core Viewpoint - NuScale Power's second-quarter earnings report disappointed investors, leading to a significant drop in stock price, indicating that the company remains a speculative long-term investment prospect [1][6]. Financial Performance - Analysts had forecasted NuScale to generate approximately $11.7 million in revenue, but the actual revenue reported was only $8.1 million, resulting in a loss of $0.13 per share [1][3]. - The company has not yet built any reactors, and thus, earnings were not expected; however, revenue was weaker than anticipated [3]. Cash Management - NuScale has consumed $56.1 million in cash during the first half of 2025, which is less than the cash burned in the same period of 2024, suggesting a potential improvement in cash management [4]. - The company ended the quarter with $489.9 million in cash, cash equivalents, and investments, which is sufficient to sustain operations for nearly five more years at the current cash-burn rate [4]. Market Reactions - Investors are selling NuScale stock due to the absence of significant new announcements in the earnings report and concerns regarding Fluor potentially flooding the market with shares after converting 15 million Class B shares into Class A shares [5]. - The overall sentiment remains that the company's success will depend on its ability to develop and market small modular reactors in the future, making the recent earnings report less impactful [6].

Group 1 - The current stock market is characterized by a risk-on sentiment, with the S&P 500 reaching new all-time highs, primarily driven by a few leading technology stocks [1] - Investors are anticipating a spill-over effect from stocks to other speculative sectors, highlighting Bitcoin's significance as a top speculative asset in cryptocurrency [2][3] - Coinbase Global Inc. is seen as having renewed upside potential due to expected increases in trading and transaction fees related to Bitcoin's performance [3][4] Group 2 - Coinbase shares experienced a 15% dip during the week of its quarterly earnings report, which was unexpected given Bitcoin's high price [4] - Following the dip, it was recognized that Coinbase's stock price had not reached its full earnings growth potential, making it a potential dip-buying opportunity [5] - The forward price-to-earnings (P/E) ratio for Coinbase is 50.6x, which does not reflect the anticipated earnings growth, resulting in a PEG ratio of only 0.5x, indicating that growth is not priced into the stock [8] Group 3 - Analysts project Coinbase could deliver $2.02 in earnings per share (EPS) for Q2 2026, a significant increase from the current $0.12 EPS [7] - The 12-month stock price forecast for Coinbase is $352.18, suggesting a 10.69% upside from the current price of $318.17, with a high forecast of $510.00 [10] - Citigroup analyst Peter Christiansen upgraded Coinbase's rating to Buy and raised the price target from $270 to $505, indicating a potential rally of approximately 60% from current levels [10][11] Group 4 - Coinbase's earnings are expected to grow as long as the market remains in a risk-on mode, which would support trading volumes and transaction fees [12] - Despite the current Hold rating among analysts, Coinbase is not included in the list of top stocks recommended by leading analysts, suggesting a cautious outlook [13]

Core Insights - The article expresses a bullish sentiment on Snap (NYSE: SNAP) after its significant decline of 90% from all-time highs, indicating a long-term investment perspective [1] - The author emphasizes the importance of personal investment strategies developed through deep research and independent thought, rather than conventional trading approaches [1] Investment Strategy - The investment approach includes identifying opportunities that exhibit asymmetry, which can lead to significant returns [1] - The strategy also focuses on finding cost-effective hedges to protect the portfolio, enhancing risk management [1] - The analysis includes seeking low correlation stocks that provide diversification and potential for substantial growth [1] - The author advises avoiding stocks that do not present an attractive risk-reward profile, indicating a cautious approach to investment selection [1]