This page tracks every stock Asymmetric Investing by Travis Hoium has discussed on YouTube, extracted from AI transcription of their 8 most recent videos covering 15 tickers. They are currently bullish on UBER, ADBE, MGM, DKS, LYFT, JOBY and others. Bearish on AVAV, NKE, LULU. Each take below includes their stated reasoning and, where given, a price target.
No broad macroeconomic commentary was provided in the transcript.
| Ticker | Action | Why | Target | When |
|---|---|---|---|---|
UBER●●● | add | The COO made a significant open-market purchase of $5 million, representing a large portion of his net worth and signaling strong insider confidence. Uber trades at an attractive valuation (~17x forward earnings, 12.2x forward FCF) and is executing a sound strategy to aggregate demand and modularize autonomous vehicle supply, which should mitigate disruption risks from vertically integrated competitors. | — | 2d ago |
ADBE●●● | buy | Adobe trades at roughly 11x forward earnings and 11x forward free cash flow despite revenue growth accelerating back to 10-12%. The market is discounting the stock due to CEO transition uncertainty and AI disruption fears, but the company is aggressively buying back stock ($9-11B annually) and has navigated difficult transitions before. Risks include margin compression from freemium expansion and potential AI disruption. | — | 1w ago |
MGM●●● | buy | MGM trades at roughly 7x forward free cash flow and is a cash machine with shares outstanding declining at a double-digit annual rate. MGM Japan in Osaka, opening in 2030, could be one of the most profitable casinos in the world, potentially generating $2-3B in cash flow and worth the entire market cap alone. Even without Japan, aggressive buybacks at low prices provide downside protection. | — | 1w ago |
DKS●●● | buy | Shares are down 44% after a disappointing quarter, but at 11x forward earnings the valuation is attractive for a consolidated niche retailer with a durable competitive position. Short-term headwinds from changing consumer tastes, discounting, and the Foot Locker acquisition are real, but Dick's has a 10-year CAGR of ~11% and a strong moat in sporting goods that Amazon and Target can't easily replicate. | — | 1w ago |
LYFT●●● | buy | Lyft trades at roughly 9x forward earnings and 5.5x forward free cash flow with a 15% three-year revenue CAGR. The market fears autonomous vehicle disruption, but there's no evidence of share loss today as gross bookings and rides continue growing. Lyft is positioned as a demand aggregator that can partner with Waymo, and at this valuation, a worst-case scenario is an acquisition by a larger player. | — | 1w ago |
JOBY●●● | buy | Joby is a pre-revenue eVTOL company with a first-mover advantage in air taxis, targeting paying passengers this year. The creator estimates highly profitable unit economics (around $5M cost per aircraft with $5.5M annual operating profit) and notes a strong balance sheet with $2.3B in cash, plus key partnerships with Toyota for manufacturing and Atoms for infrastructure. | — | 1w ago |
HIMS●●● | buy | Hims & Hers is building a unified global telehealth brand, acting as the aggregator of demand in healthcare. With subscriber growth, increasing average revenue per subscriber, and global expansion like the rebranding in Australia, the company has the potential to scale massively and become a 10x to 100x opportunity over the long term. | — | 1w ago |
LYFT●●● | buy | Lyft is the value play in ride-sharing with an enterprise value of just $5.8 billion, net cash on the balance sheet, and $1.1 billion in free cash flow, trading at under 6x trailing price/free cash flow. With 30 million active riders, 16% bookings CAGR, a Waymo partnership for autonomous vehicles, and potential as an acquisition target, there is tremendous optionality for multiple expansion. | — | 3w ago |
OWLT●●● | buy | Owlet is a sub-$200 million market cap company selling FDA-cleared baby monitoring socks and monitors, with near 30% revenue growth and a rapidly growing Owlet 360 subscription bundle adding telehealth. Amazon's deactivation of non-FDA-cleared competitors effective August 2026 creates a significant competitive moat, though the company is still free cash flow negative and the most speculative of the four. | — | 3w ago |
ONON●●● | buy | On is maintaining its premium market position with ~65% gross margins rather than discounting to chase growth, which is the right long-term strategy. Operating margins (~14%) have significant room to expand toward peers like Lululemon, potentially doubling profitability at current revenue levels, making the forward P/E of ~17x attractive. | — | 4w ago |
The COO made a significant open-market purchase of $5 million, representing a large portion of his net worth and signaling strong insider confidence. Uber trades at an attractive valuation (~17x forward earnings, 12.2x forward FCF) and is executing a sound strategy to aggregate demand and modularize autonomous vehicle supply, which should mitigate disruption risks from vertically integrated competitors.
Adobe trades at roughly 11x forward earnings and 11x forward free cash flow despite revenue growth accelerating back to 10-12%. The market is discounting the stock due to CEO transition uncertainty and AI disruption fears, but the company is aggressively buying back stock ($9-11B annually) and has navigated difficult transitions before. Risks include margin compression from freemium expansion and potential AI disruption.
MGM trades at roughly 7x forward free cash flow and is a cash machine with shares outstanding declining at a double-digit annual rate. MGM Japan in Osaka, opening in 2030, could be one of the most profitable casinos in the world, potentially generating $2-3B in cash flow and worth the entire market cap alone. Even without Japan, aggressive buybacks at low prices provide downside protection.
Shares are down 44% after a disappointing quarter, but at 11x forward earnings the valuation is attractive for a consolidated niche retailer with a durable competitive position. Short-term headwinds from changing consumer tastes, discounting, and the Foot Locker acquisition are real, but Dick's has a 10-year CAGR of ~11% and a strong moat in sporting goods that Amazon and Target can't easily replicate.
Lyft trades at roughly 9x forward earnings and 5.5x forward free cash flow with a 15% three-year revenue CAGR. The market fears autonomous vehicle disruption, but there's no evidence of share loss today as gross bookings and rides continue growing. Lyft is positioned as a demand aggregator that can partner with Waymo, and at this valuation, a worst-case scenario is an acquisition by a larger player.
Joby is a pre-revenue eVTOL company with a first-mover advantage in air taxis, targeting paying passengers this year. The creator estimates highly profitable unit economics (around $5M cost per aircraft with $5.5M annual operating profit) and notes a strong balance sheet with $2.3B in cash, plus key partnerships with Toyota for manufacturing and Atoms for infrastructure.
Hims & Hers is building a unified global telehealth brand, acting as the aggregator of demand in healthcare. With subscriber growth, increasing average revenue per subscriber, and global expansion like the rebranding in Australia, the company has the potential to scale massively and become a 10x to 100x opportunity over the long term.
Zeta Global is compounding revenue at a 36% CAGR and is expanding from marketing optimization into business intelligence, broadening its addressable market down to mid-sized companies. A partnership with Palantir and reasonable multiples (~3.6x forward EV/sales, ~25x forward price/free cash flow) make it an attractive growth compounder.
Owlet is a sub-$200 million market cap company selling FDA-cleared baby monitoring socks and monitors, with near 30% revenue growth and a rapidly growing Owlet 360 subscription bundle adding telehealth. Amazon's deactivation of non-FDA-cleared competitors effective August 2026 creates a significant competitive moat, though the company is still free cash flow negative and the most speculative of the four.
Robinhood is maturing into a financial infrastructure company by launching a two-sided marketplace for registered investment advisors via Trade PMR. This brings wealthier clients ($250k+ assets) onto the platform, driving growth in funded customers, net deposits, and net interest revenue, while shifting the business away from purely transactional trading revenue.
On is maintaining its premium market position with ~65% gross margins rather than discounting to chase growth, which is the right long-term strategy. Operating margins (~14%) have significant room to expand toward peers like Lululemon, potentially doubling profitability at current revenue levels, making the forward P/E of ~17x attractive.
Revenue growth has slowed to 6% and the company has not proven the ability to be consistently profitable on a GAAP basis. The stock trades at nearly 50x forward non-GAAP earnings estimates, which is too expensive given the actual growth rate and fundamental performance.
Nike is used as a cautionary tale: as revenue growth slowed, gross margins dropped from ~46% to ~43% and operating margins fell from ~14% to ~8%, illustrating the danger of a premium brand competing on price.
Lululemon's revenue growth has slowed and it has begun competing more on price, with gross margins declining from their 2025 peak and operating margins falling from ~28.7% to ~18.3% over the past decade, though trends are less severe than Nike.
Mentioned as a competitor to Joby, but the creator notes Joby is further along in its timeline, targeting paying passengers this year compared to Archer's target of 2028 for the LA Olympics.
Travis Hoium reviews AeroVironment's (AVAV) recent earnings, noting that while the drone industry has strong long-term potential, AVAV's slowing revenue growth, lack of consistent GAAP profitability, and high valuation make it an unattractive buy at current levels.
Travis Hoium discusses a major insider purchase by Uber's COO, who acquired over $5 million in shares on the open market. Hoium views this as a strong vote of confidence, especially given Uber's attractive valuation and its strategic position as an aggregator for autonomous vehicle demand, mitigating disruption risks from competitors like Waymo and Tesla.
Travis Hoium identifies four stocks he considers insanely cheap in an expensive market where the S&P 500 trades near 30x earnings despite weak GDP growth and rising rates. He highlights Adobe, MGM Resorts, Dick's Sporting Goods, and Lyft as values where the market is focused on short-term challenges rather than long-term opportunities, with each generating strong free cash flow and buying back stock.
The creator views September as a buying opportunity ahead of seasonally strong months and highlights Joby Aviation as his top stock to buy now. He is bullish on Joby due to its first-mover advantage in the eVTOL air taxi market, strong potential unit economics, and strategic partnerships with Toyota and Atoms, supported by a cash runway of 2-3 years.
Travis Hoium discusses Hims & Hers Health (HIMS), his largest portfolio position, highlighting the company's strategy to build a unified global telehealth brand. He views the recent rebranding of its Australian operations to the 'hims' brand as a symbolic and significant step toward global scalability, comparing its potential to companies like Netflix and Amazon. He remains highly bullish on the stock's long-term asymmetric upside.
Travis Hoium discusses four stocks he owns in the Asymmetric portfolio, all selected as opportunities outside the popular AI trade. He sees AI stocks pulling back in July-August 2026 and is scooping up overlooked compounders with strong revenue growth, margin expansion potential, and reasonable valuations: Hims & Hers, Zeta Global, Lyft, and Owlet.
Travis Hoium is highly bullish on Robinhood (HOOD) as it transitions from a YOLO trading app to a mature financial infrastructure company. The launch of the Robinhood Advisor Network, powered by the Trade PMR acquisition, creates a two-sided marketplace connecting retail users with registered investment advisors (RIAs). This brings wealthier clients ($250k+ assets) onto the platform, driving tailwinds in funded customers, net deposits, and net interest revenue. While he acknowledges the stock is expensive with a 40x forward P/E and 14x forward EV/Sales, making it not a 'no-brainer buy,' he loves the long-term ecosystem and recommends holding.
Travis Hoium analyzes On Holding after its 35% YTD decline and 20% post-earnings drop, arguing the company is making the right strategic choice by maintaining premium pricing and high gross margins (~65%) rather than discounting to chase growth. He uses Nike and Lululemon as cautionary tales of brands that saw margin deterioration when growth slowed. He sees ONON as a potential buying opportunity, citing attractive forward valuation (~17x) and significant operating margin expansion potential from ~14% toward Lululemon's ~18-25% range.
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.