BX – TheStreetPro TSP Site

Google and Tesla Boost Capex: 8 Key Items Shaping the Stock Market Thursday

Chris Versace on July 23, 2026

Inflation pressures build, AMD’s chip event, United Rentals crushes it, and other headlines are moving stocks this morning.

Examining ‘Group Stink’

Doug Kass on July 8, 2026

* And fading it…

I don’t own and am currently short (and have been recently short C, JPM, GS, MS, UBER, NFLX, homebuilders, etc.) some of the most consensus sectors.

I am long some of the most non-consensus sectors.

Consensus Longs:

* Memory: SanDisk ($SNDK), Micron ($MU), Intel ($INTC), AMD ($AMD), Applied Materials ($AMAT) (“it’s different this time”)

* Value Tech: Adobe ($ADBE), Oracle ($ORCL), ServiceNow ($NOW) and Nvidia ($NVDA)

* Tech With Biggest Moat: Apple ($AAPL)

* Value Industrial: Caterpillar ($CAT)

* Best Overall Value: Homebuilders

* Streaming: Netflix ($NFLX)

* Autonomous: Uber ($UBER)

* Entertainment: Disney ($DIS)

* Financials: JPMorgan ($JPM), Citigroup ($C), Goldman Sachs ($GS), Morgan Stanley ($MS)

* Frontier Exposure “For The Long Haul”: SpaceX ($SPCX)

Non-Consensus Longs:

* Cannabis: $MSOS, $VRNOD, $TRLV, $GTBIF, $GLAS

* Private Equity: Apollo ($APO), Blackstone ($BX), KKR ($KKR)

* Consumer Staples: Kimberly-Clark ($KMB), PepsiCo ($PEP), Procter & Gamble ($PG)

Positions:

Long MSOS (L), VRNOD (S), TRLV (S), GTIBF (S), GLAS (S), APO (S), BX (S), KKR (S), KMB (S), PEP (S), PG (S)

Short SPCX (VS), SNDK (VS), MU (VS), INTC (VS), AMAT (VS), AMD (VS), CAT (VS)

More Tales From Nvidia: Did the AI Bubble Just Pop? (Issue #215!)

Doug Kass on July 8, 2026

See this tweet:

"If you told me 3 months from now, all of a sudden Anthropic's revenue or OpenAI's revenue stopped or stopped growing, that would be a real problem."

I don't get it, why are they confessing? https://t.co/FNxiZVe1I5 pic.twitter.com/wp6LwrgFyF
— Financelot (@FinanceLancelot) July 8, 2026

But, more importantly, the subtweet under it:

World's Largest Data Center Campus On Verge Of Collapse After Blackstone Unexpectedly Pulls Out https://t.co/vS0AjbpBnK
— zerohedge (@zerohedge) July 2, 2026

I think that is the leading indicator. Although I would modify the subtweet a bit.

This also means the revenue growth is flattening. The spike we had that really kicked off this last rally was artificial. It was unsustainable tokenmaxxing (and apparently Anthropic also had a big 1x pull in of revenue in Q3, if I remember correctly). The consumer quickly found out they were doing the opposite of gaining productivity, they were costing themselves more money than the humans they had.

So it has been stopped. Then the biz also started shifting to China/Open Source as well. A double whammy.

No wonder SpaceX ($SPCX) and Meta ($META) are selling excess capacity all of the sudden… and why Blackstone ($BX) is rumored to be stopping data center projects, for example.

Position: Long BX (S); Short SPCX (VS)