This page tracks every stock Asymmetric Investing by Travis Hoium has discussed on YouTube, extracted from AI transcription of their 10 most recent videos covering 33 tickers. They are currently bullish on GM, MBLY, HIMS, UBER, LYFT, SOFI and others. Bearish on CELH, ORCL, TSLA, FIX, ASTS, ZM. Each take below includes their stated reasoning and, where given, a price target.
Hoium notes that higher interest rates are putting pressure on GM Financial and the broader auto financing business. He suggests a potential economic downturn could be a risk, but believes GM's strength in lower-cost vehicles provides some resilience. He also points to potential increases in military spending as a tailwind for GM's defense business.
| Ticker | Action | Why | Target | When |
|---|---|---|---|---|
GM●●● | buy | GM is trading at just 6.3x forward earnings and 6.8x free cash flow while generating $14B in trailing free cash flow and aggressively buying back stock, reducing shares from 1.5B to ~930M. The company dominates full-size pickups and SUVs, has pricing power above competitors, raised 2026 guidance, and has long-term growth drivers in digital subscriptions (Super Cruise, OnStar with $6.3B deferred revenue), insurance, and potential military contracts. | — | 4d ago |
SOFI●●● | add | Been buying recently with cost base under $10. Financial services segment compounding like crazy driven by new products and advertising. Loan platform business growing. Digital-first model superior to physical branch banking. Price to book around 2, historically ranges 2-4. | — | 4d ago |
OWLT●●● | add | Owlet is a small-cap company trading at a low 1.6x sales EV with revenue that has nearly doubled since late 2023. The company is shifting to profitable growth in core markets, launching high-margin subscription services like Owlet 360 with 24/7 telehealth, and benefits from FDA approval that competitors lack. Debt refinancing and potential acquisition interest add further upside. | — | 2w ago |
HIMS●●● | buy | Hims & Hers is the aggregator of demand in digital healthcare, winning consumer choice and attracting supply partners like Novo Nordisk and Eli Lilly. A flywheel of more subscribers, more data, AI personalization, and expanding specialties could make it the global healthcare platform, with potential to be a trillion-dollar company. Trading at 3.5x sales with expected ~50% growth in 2H 2026, it is viewed as one of the best risk-reward opportunities in the market. | — | 3w ago |
LYFT●●● | buy | Lyft trades at just 7.7x forward earnings and 5.3x free cash flow while growing in the mid-teens, with $1.1B in FCF, $550M net cash, and aggressive share buybacks. The company is the number-two US ride-hailing platform, is expanding internationally via acquisitions (Free Now, Gett UK), and has significant optionality as a platform partner for autonomous vehicle companies like Waymo, Mobileye, and NVIDIA, or even as a potential acquisition target. | — | 3w ago |
GM is trading at just 6.3x forward earnings and 6.8x free cash flow while generating $14B in trailing free cash flow and aggressively buying back stock, reducing shares from 1.5B to ~930M. The company dominates full-size pickups and SUVs, has pricing power above competitors, raised 2026 guidance, and has long-term growth drivers in digital subscriptions (Super Cruise, OnStar with $6.3B deferred revenue), insurance, and potential military contracts.
Autonomous driving play with $2B revenue, positive FCF, and $1.4B cash on balance sheet. Signing deals with VW, Stellantis, and a US automaker that should drive ASPs from $50 to potentially $10,000 for L4 systems. CEO stepping down is probably the right move after the problematic Mentee acquisition. Thesis not fundamentally broken despite stock decline.
Trading at 3.3x sales with revenue potentially growing 50%+ in 2H 2026 driven by subscriber growth and higher revenue per subscriber from $300/month weight loss subscriptions. Either worth $100B-$1T in 10-20 years or goes to zero—perfect asymmetric setup. Expanding globally by rebranding acquired companies.
Trading under 20x earnings and below its long-term compounding growth rate. Will be the aggregator of demand for autonomous rides—consumers will choose the app they already use. Not going away because of AI. Great value.
Down 7% for no fundamental reason, trading at ~5x expected FCF. Gross bookings growing at 16% CAGR and active riders increasing from 24.2M to 28.3M year over year. Market pricing it as if in financial trouble but numbers don't show it.
Been buying recently with cost base under $10. Financial services segment compounding like crazy driven by new products and advertising. Loan platform business growing. Digital-first model superior to physical branch banking. Price to book around 2, historically ranges 2-4.
Added to portfolio alongside SoFi. Digital solutions are much better than traditional banks building physical branches. Starting with lower-end consumers and slowly moving upmarket over 10-20 years.
Owned for ~3 years. Revenue continues to compound with gross margins at nearly 64%, showing incredible pricing power in shoes. EV/sales at 3, forward PE at 19. No weakness in the business despite stock being out of favor. Higher-end consumer continues to spend.
Either zero or a home run in 10 years. Pre-revenue eVTOL company executing well with vertical takeoff/landing and potential hydrogen range extension to 250 miles. Acquired Blade for demand-side helipad network. May begin commercial operations by end of year. High risk, high reward.
Thesis is about blockchain infrastructure disrupting traditional finance, not crypto trading. Stablecoin payments via Stripe are half the cost of credit cards for merchants. Base blockchain ecosystem growing with real companies building on it. Good balance sheet for acquisitions. In the right position as regulatory clarity improves.
Trading at 8x earnings which seems like a no-brainer. Stickier than ServiceNow. CEO uncertainty is causing the decline but the business is solid. AI disruption story is overblown—could be a sustaining innovation that makes incumbents stronger.
Trading at 10x earnings which is intriguing. Could leverage AI to do tax filing automatically—charging $100 to take a data dump and file taxes would be compelling. Interested but hasn't bought yet.
PE down to 20, getting compelling. Disruption story may be overblown. But Adobe might be even stickier and trades cheaper. On radar as a potential software pick.
Amazon is cited as a cash-rich hyperscaler that can fund AI data center projects in perpetuity from free cash flow generated by its traditional businesses, giving it a structural advantage over Oracle.
Microsoft is cited as a hyperscaler with abundant free cash flow from its traditional business, enabling it to finance AI infrastructure projects indefinitely without the balance sheet stress Oracle faces.
Owlet is a small-cap company trading at a low 1.6x sales EV with revenue that has nearly doubled since late 2023. The company is shifting to profitable growth in core markets, launching high-margin subscription services like Owlet 360 with 24/7 telehealth, and benefits from FDA approval that competitors lack. Debt refinancing and potential acquisition interest add further upside.
Toast is becoming the operating system for restaurants with a 30%+ five-year revenue CAGR and operating leverage now kicking in, moving from operating losses to $359M in operating profit. The platform's network effects—where workers skilled in Toast are easier to hire—plus expansion into adjacent verticals and subscription revenue create a long runway for growth at a reasonable 17x forward earnings.
TransMedics is making organ transplants more viable and is a rare growth company with 38% three-year and 80%+ five-year revenue CAGR, now trading at a reasonable 15x forward earnings and 3.5x EV/sales after a 61% drawdown. New devices should expand the total addressable market, and the company reminds him of Intuitive Surgical 10-15 years ago.
Sold the position because core growth rate isn't what it could have been and the energy drink market is getting increasingly competitive. Took profits after a nice bounce from the PepsiCo distribution deal.
Debt costs are rising while stock price is declining, creating a potential SunEdison-like death spiral. Funding hundreds of billions in AI investment requires either issuing debt or equity, and rising cost of capital makes this increasingly problematic.
Not a growth company—sales are flat, margins are okay but not great. FSD not progressing as expected and robotaxi miles have flatlined. Trading at 12x sales and 156x earnings while GM grows faster. Long puts as a special situation.
HVAC for data centers with gross margins exploding from 15-21% to 25% and operating margins from mid-single digits to 15%. Trading at 50x trailing, 40x forward earnings. These margins are not sustainable for a commodity construction services business. Up 2,300% since 2021.
Small short position. Horrible business model—multiple satellite providers competing for a very small market of people willing to pay extra for satellite connectivity. Revenue share deals favor telecom partners, not AST. Satellites require continual capex replacement. Reminds him of Plug Power.
Probably can't be vibe-coded away, but it should be a feature not a business. Tons of competition with services bundled into other products. No clear moat. Existing customers may be sticky but new growth is limited.
Archer wins the press release war but lacks focus, splitting attention between military and commercial eVTOL while delaying commercial operations until the 2028 LA Olympics. With essentially no revenue, ~$600M annual free cash flow burn, and only $1.8B in cash, the runway is shorter and the business model is unclear.
Micron's current 85% gross margins and 80% operating margins are abnormally high and unsustainable for a commodity business. Supply is increasing as all players ramp capex, China's CXMT and YMTC are adding DRAM capacity, and PC Part Picker data suggests memory prices already peaked in May 2026. A reversion to normal 20% EBIT margins with minimal growth implies ~80% downside from current levels.
Sandisk faces the same cyclical commodity dynamics as Micron: unsustainable margins, increasing supply from competitors, and eventual demand erosion as customers push back on high memory prices. The low P/E multiple is a warning sign that current profits are not sustainable long term.
Western Digital, as a memory company, faces the same cyclical risks: oversupply, demand elasticity at high prices, and customer design changes to reduce memory costs. The current low P/E reflects market skepticism about sustainability of current earnings.
Sold some shares in July because valuation doubled from 15-18x earnings and the company went negative free cash flow this quarter due to massive capex increases. Still owns some because it's the 'easy button' in AI—worst case they cut capex and generate $100B in FCF. Core business decelerating with search and YouTube growth only okay.
Video game industry not growing and fragmented across many platforms. Switch 2 not sold out less than a year into its cycle, which is not a great sign. 5.6% 5-year CAGR with memory costs pressuring margins. Likes the brand and niche but doesn't see compelling growth. 20x earnings is fair but not attractive enough to buy.
Expensive but deserves it. GLP-1 peptide business getting increasingly competitive. Management is using high stock price to acquire promising treatments, which signals they think the stock is high and are insulating against future patent cliffs. Hasn't bought because of competitive concerns.
Solid infrastructure business with 18x forward earnings, 20x trailing, and 8% 10-year growth. Question is what happens with blockchain and prediction markets. Doesn't fit asymmetric portfolio because no asymmetric upside.
Fine company with great cash flow businesses, but expectations should be modest. Just a steady compounder, not asymmetric.
Travis Hoium argues General Motors (GM) is an undervalued stock hiding in plain sight, trading at roughly 6x forward earnings with strong free cash flow generation and aggressive share buybacks. He highlights GM's dominance in full-size pickups and SUVs, improving warranty trends, raised 2026 guidance, and long-term growth opportunities in digital products (Super Cruise, OnStar), insurance, and military vehicles.
Travis Hoium discusses the AI capex arms race and its sustainability concerns, highlighted by Alphabet going free cash flow negative. He covers numerous portfolio holdings and watchlist stocks, expressing bullishness on ride-sharing (Uber, Lyft), fintech (SoFi, Robinhood), and health disruptors (Hims & Hers), while being bearish on AI infrastructure plays (neoclouds, semiconductor equipment, Oracle) and Tesla. He trimmed Alphabet due to valuation and FCF concerns but still sees it as the 'easy button' in AI.
Travis Hoium discusses Hims & Hers (HIMS) after the stock popped on FDA peptide compounding news. The FDA panel recommended allowing compounders to produce peptides like BPC 157 and KPV, which could eventually become a tailwind for HIMS. He views this as part of a broader compounding improvement story, with earnings on August 10th being a key catalyst. He expects good Q2 numbers, potential 50% growth in H2 2026 aided by the Eucalyptus acquisition, and sees the valuation as compelling at 3.4x EV/sales. HIMS is his largest portfolio position.
Travis Hoium explains Oracle's 60% stock crash, arguing the company is in a potential downward spiral driven by massive AI data center capex commitments it cannot fund from operating cash flow. Rising debt costs, declining returns on invested capital, and competition from cash-rich hyperscalers make Oracle a stay-away.
Travis Hoium compares Archer Aviation and Joby Aviation after Archer's 19% surge on a new Anduril hybrid VTOL platform announcement. He is skeptical of Archer's lack of focus—pursuing both military and commercial applications with delayed commercial operations until 2028—while praising Joby's clearer path to building an air taxi business with Toyota manufacturing support, the Blade acquisition, and planned 2026 operations. He owns Joby, not Archer.
Travis Hoium is bearish on memory stocks, arguing that the abnormally high margins driven by the current memory cycle are unsustainable. He believes supply is ramping across all players, demand will become elastic as prices rise, and customers will redesign products to use less expensive memory. He models an implied 80% downside for Micron if margins revert to historical norms, and warns that low forward P/E multiples are a warning sign, not a buying opportunity.
Travis Hoium is highly bullish on Owlet (OWLT), a sub-$200 million market cap company he believes has 10x potential over the next decade. He has been accumulating shares all year, including adding more in July, making it one of his larger positions. He highlights the company's FDA-approved baby monitor, its expansion into cameras, and the high-margin Owlet 360 subscription service, which now includes 24/7 pediatric telehealth. He also notes improved profitability guidance, debt refinancing savings, and the potential for the company to be an acquisition target.
Travis Hoium presents Hims & Hers (HIMS) as a 10x to 100x investment opportunity, describing it as the 'Netflix of healthcare' and an aggregator of demand. He argues the company is winning the telehealth market by expanding specialties, leveraging AI and labs for personalization, and partnering with major pharmaceutical suppliers like Novo Nordisk and Eli Lilly. Despite short-term concerns over slowing growth and margin pressure, he expects a reacceleration to roughly 50% YoY growth in the second half of 2026, aided by international acquisitions, and views the current 3.5x sales valuation as a steal. HIMS is his largest portfolio position.
Travis Hoium names Lyft as his top stock to buy in July, citing its cheap valuation (7.7x forward earnings, 5.3x free cash flow), mid-teens growth potential, strong free cash flow generation, share buybacks, and optionality around autonomous vehicles. He sees Lyft as an overlooked number-two player expanding internationally with potential as an acquisition target for AV companies. He also notes he owns Uber in his asymmetric portfolio.
Travis Hoium presents five stocks he believes could 10x over the next decade, driven by compounded revenue growth and attractive valuations after recent drawdowns. He owns three (SoFi, Uber/Lyft basket, and Hims & Hers) and has two on his watch list (Toast and Transmedics). The common theme is high-growth companies with operating leverage trading at reasonable multiples.
Based on AI analysis of this creator's recent videos. Theses are paraphrases of the creator's own words, not verbatim quotes. Not financial advice.