Rigatoni Capital Podcast

Software earnings week is officially in the books and long term investors who held through the volatility should be feeling good right now. AI is not disrupting these software companies, it is the layer that when used correctly is driving extraordinary productivity gains inside them. Paul Tudor Jones is also reportedly adding to his AI stock positions, which is worth noting. This morning I go over the brief recap of the week, talk about what it means to be a long term investor and the whole point of what this podcast is about.

Rigatoni Capital is a daily morning podcast for long term, buy and hold investors. This is not a show for short term traders or people looking for quick wins. Every morning I go through the most important headlines in finance, markets, and macro, and call out fake narratives in the financial media so you know what actually deserves your attention and what to ignore.

Subscribe to Rigatoni Capital on Substack: https://rigatonicapital.substack.com

Disclaimer: This blog is for informational purposes only and does not constitute financial advice. All opinions are my own, and I am not a financial advisor. The information provided reflects my personal views and is intended to encourage discussion and thought among readers. Investments involve risk, including the loss of principal, and past performance is not indicative of future results. Always conduct your own research or consult with a qualified professional before making any financial decisions.

#investing #stocks #finance #wallstreet #stockmarket #investor #wealth #money #financialfreedom #passiveincome #dividends #compounding #longterminvesting #buyandhold #valueinvesting #portfoliomanagement #bitcoin #crypto #macro #Nasdaq #SPY #QQQ #SP500 #AIstocks #SoftwareStocks #EarningsSeason #IGV #AppLovin #APP #Palantir #PLTR #Cloudflare #NET #Datadog #DDOG #PaulTudorJones #LongTermInvesting #BuyAndHold #stockanalysis #marketwatch #RigatoniCapital

$APP $PLTR $DDOG $NET $IGV $QQQ

I am calling it this morning. The AI disruption fear narrative is over. Software earnings have been nothing short of extraordinary this season. AppLovin just reported revenue up 59% year over year to $1.84 billion with net income up 109% and free cash flow of $1.3 billion. Palantir posted its fastest revenue growth rate as a public company. Atlassian jumped 29% on its print. Datadog, Axon, all delivering. Yes, the seat based license model has real headwinds and some companies will feel that pressure. But the broad narrative that AI is going to destroy the software sector has been conclusively blown up by this earnings season. This morning I walk through the IGV, use Palantir and the 3 day rule as a case study on how stocks sell off for the wrong reasons and then recover, and give my honest take on why the bulls will ultimately win the AppLovin debate.

Rigatoni Capital is a daily morning podcast for long term, buy and hold investors. This is not a show for short term traders or people looking for quick wins. Every morning I go through the most important headlines in finance, markets, and macro, and call out fake narratives in the financial media so you know what actually deserves your attention and what to ignore.

Subscribe to Rigatoni Capital on Substack: https://rigatonicapital.substack.com

Disclaimer: This blog is for informational purposes only and does not constitute financial advice. All opinions are my own, and I am not a financial advisor. The information provided reflects my personal views and is intended to encourage discussion and thought among readers. Investments involve risk, including the loss of principal, and past performance is not indicative of future results. Always conduct your own research or consult with a qualified professional before making any financial decisions.

#investing #stocks #finance #wallstreet #stockmarket #investor #wealth #money #financialfreedom #passiveincome #dividends #compounding #longterminvesting #buyandhold #valueinvesting #portfoliomanagement #bitcoin #crypto #macro #Nasdaq #SPY #QQQ #SP500 #AppLovin #APP #Palantir #PLTR #Atlassian #TEAM #Datadog #DDOG #Axon #AAXN #IGV #AIstocks #SoftwareStocks #EarningsSeason #AIDisruption #stockanalysis #marketwatch #RigatoniCapital

$APP $PLTR $TEAM $DDOG $IGV $QQQ

TransDigm just reported another strong quarter, with revenue up 18.3% year over year to $2.54 billion, EBITDA margins holding at 52.6%, and full year guidance raised again. This morning I cover my latest Substack post on the company and make the case for why TransDigm is the ultimate picks and shovels play for any cyclical uptick in Boeing and Airbus aircraft production. Whether commercial air travel continues to grow or defense spending accelerates, TransDigm's proprietary aerospace components sit in the middle of both cycles. AMD also reported a strong quarter and I walk through what stood out. I also flag some concern around memory chip names that have run too far too fast and need to be watched carefully. And we take a look at Jensen Investment Management's latest 13F, which added to positions in Broadcom, Broadridge Financial Solutions, and Veeva Systems.

Rigatoni Capital is a daily morning podcast for long term, buy and hold investors. This is not a show for short term traders or people looking for quick wins. Every morning I go through the most important headlines in finance, markets, and macro, and call out fake narratives in the financial media so you know what actually deserves your attention and what to ignore.

Subscribe to Rigatoni Capital on Substack: https://rigatonicapital.substack.com

Disclaimer: This blog is for informational purposes only and does not constitute financial advice. All opinions are my own, and I am not a financial advisor. The information provided reflects my personal views and is intended to encourage discussion and thought among readers. Investments involve risk, including the loss of principal, and past performance is not indicative of future results. Always conduct your own research or consult with a qualified professional before making any financial decisions.

#investing #stocks #finance #wallstreet #stockmarket #investor #wealth #money #financialfreedom #passiveincome #dividends #compounding #longterminvesting #buyandhold #valueinvesting #portfoliomanagement #bitcoin #crypto #macro #Nasdaq #SPY #QQQ #SP500 #TransDigm #TDG #AMD #Aerospace #DefenseStocks #Boeing #Airbus #Semiconductors #MemoryChips #Broadcom #AVGO #Broadridge #BR #Veeva #VEEV #EarningsSeason #stockanalysis #marketwatch #RigatoniCapital

$TDG $AMD $AVGO $BR $VEEV $MU $QQQ

Palantir reported last night and the numbers were historic. Revenue grew 85% year over year to $1.63 billion, beating expectations of $1.54 billion. US revenue crossed 100% growth for the first time, up 104% year over year. Net income quadrupled to $871 million. The Rule of 40 score hit 145%, a level matched only by Nvidia, Micron, and SK Hynix. Full year guidance was raised to 71% growth, 10 points ahead of prior guidance. Alex Karp wrote in his shareholder letter that these results "dwarf the performance of essentially every software company in history at this scale." This morning I make the case that Michael Burry's reasoning for shorting Palantir is flat out wrong and too emotional, and that I am siding with the business and with Alex Karp on this one. I also touch on BWXT and compare Nancy Pelosi's portfolio with David Tepper's.

Rigatoni Capital is a daily morning podcast for long term, buy and hold investors. This is not a show for short term traders or people looking for quick wins. Every morning I go through the most important headlines in finance, markets, and macro, and call out fake narratives in the financial media so you know what actually deserves your attention and what to ignore.

Subscribe to Rigatoni Capital on Substack: https://rigatonicapital.substack.com

Disclaimer: This blog is for informational purposes only and does not constitute financial advice. All opinions are my own, and I am not a financial advisor. The information provided reflects my personal views and is intended to encourage discussion and thought among readers. Investments involve risk, including the loss of principal, and past performance is not indicative of future results. Always conduct your own research or consult with a qualified professional before making any financial decisions.

#investing #stocks #finance #wallstreet #stockmarket #investor #wealth #money #financialfreedom #passiveincome #dividends #compounding #longterminvesting #buyandhold #valueinvesting #portfoliomanagement #bitcoin #crypto #macro #Nasdaq #SPY #QQQ #SP500 #Palantir #PLTR #AlexKarp #MichaelBurry #BWXT #NancyPelosi #DavidTepper #AIstocks #EarningsSeason #SoftwareStocks #stockanalysis #marketwatch #RigatoniCapital

$PLTR $BWXT $QQQ

This morning I revisit two posts from the weekend. First, Apple's Services business hitting a record $30.98 billion last quarter and why the $100 billion share buyback authorization matters even more when you realize the hyperscalers are spending hundreds of billions on CapEx and simply cannot compete with what Apple is doing with their cash right now. Apple is returning capital while everyone else is burning it. Second, Berkshire Hathaway just reported a record $397 billion cash pile under Greg Abel's first quarter as CEO. Everyone wants to read into it like Buffett knows something we do not. My honest take is that sitting in 6 month treasury yields has been roughly flat in real inflation adjusted terms since 2022, and while that patience is admirable, the lesson for the rest of us is to be a bit faster when stocks become attractive. There have been plenty of opportunities to own Alphabet, Amazon, or Microsoft at genuinely attractive valuations over the last few years. Buffett himself took a stab at Apple, so it is not that crazy to say big tech can be a value investment at the right price.

Rigatoni Capital is a daily morning podcast for long term, buy and hold investors. This is not a show for short term traders or people looking for quick wins. Every morning I go through the most important headlines in finance, markets, and macro, and call out fake narratives in the financial media so you know what actually deserves your attention and what to ignore.

Subscribe to Rigatoni Capital on Substack: https://rigatonicapital.substack.com

Disclaimer: This blog is for informational purposes only and does not constitute financial advice. All opinions are my own, and I am not a financial advisor. The information provided reflects my personal views and is intended to encourage discussion and thought among readers. Investments involve risk, including the loss of principal, and past performance is not indicative of future results. Always conduct your own research or consult with a qualified professional before making any financial decisions.

#investing #stocks #finance #wallstreet #stockmarket #investor #wealth #money #financialfreedom #passiveincome #dividends #compounding #longterminvesting #buyandhold #valueinvesting #portfoliomanagement #bitcoin #crypto #macro #Nasdaq #SPY #QQQ #SP500 #Apple #AAPL #Services #Berkshire #WarrenBuffett #GregAbel #BuyBack #Amazon #AMZN #Alphabet #GOOGL #Microsoft #MSFT #EarningsSeason #StraitofHormuz #Iran #stockanalysis #marketwatch #RigatoniCapital

$AAPL $BRK.B $AMZN $GOOGL $MSFT $QQQ

Apple reported last night and the numbers were exceptional across the board. Services revenue hit a record $30.98 billion, ahead of estimates, and up from $26.6 billion a year ago. Greater China surged, iPhone delivered strong results despite some supply constraints on advanced processor chips, and the company authorized a fresh $100 billion share buyback. Apple historically deploys these authorizations at roughly $24 to $25 billion per quarter, meaning you are looking at approximately four quarters to work through it with no hard deadline attached. This morning I break down what matters most in the Apple print and why Services is the story that does not get enough attention. I also highlight some of the other remarkable numbers from this earnings season including Reddit, Eli Lilly, SanDisk, and nod to strong prints from Mastercard, Zeta, and Atlassian.

Rigatoni Capital is a daily morning podcast for long term, buy and hold investors. This is not a show for short term traders or people looking for quick wins. Every morning I go through the most important headlines in finance, markets, and macro, and call out fake narratives in the financial media so you know what actually deserves your attention and what to ignore.

Subscribe to Rigatoni Capital on Substack: https://rigatonicapital.substack.com

Disclaimer: This blog is for informational purposes only and does not constitute financial advice. All opinions are my own, and I am not a financial advisor. The information provided reflects my personal views and is intended to encourage discussion and thought among readers. Investments involve risk, including the loss of principal, and past performance is not indicative of future results. Always conduct your own research or consult with a qualified professional before making any financial decisions.

#investing #stocks #finance #wallstreet #stockmarket #investor #wealth #money #financialfreedom #passiveincome #dividends #compounding #longterminvesting #buyandhold #valueinvesting #portfoliomanagement #bitcoin #crypto #macro #Nasdaq #SPY #QQQ #SP500 #Apple #AAPL #Services #Buyback #China #Reddit #RDDT #EliLilly #LLY #Mastercard #MA #Atlassian #TEAM #EarningsSeason #stockanalysis #marketwatch #RigatoniCapital

$AAPL $RDDT $LLY $MA #TEAM $ZI $QQQ

Last night was one of the most remarkable earnings nights in recent memory. Amazon, Meta, Alphabet, and Microsoft reported within hours of each other and the numbers were staggering across the board. Alphabet posted net income of $62.58 billion, up 81% year over year, with Google Cloud growing 63% to $20 billion against estimates of $15.3 billion. AWS grew 28% to $37.59 billion, beating estimates comfortably. Meta grew revenue 33% to $56.31 billion, the fastest growth rate since 2021, driven entirely by AI strengthening its core advertising business. The four hyperscalers collectively posted roughly 60% earnings growth compared to a year ago. This morning I focus on Amazon, Meta, and Caterpillar, touch briefly on Google despite not owning the name, and give my honest take on what these numbers mean for long term investors.

Rigatoni Capital is a daily morning podcast for long term, buy and hold investors. This is not a show for short term traders or people looking for quick wins. Every morning I go through the most important headlines in finance, markets, and macro, and call out fake narratives in the financial media so you know what actually deserves your attention and what to ignore.

Subscribe to Rigatoni Capital on Substack: https://rigatonicapital.substack.com

Disclaimer: This blog is for informational purposes only and does not constitute financial advice. All opinions are my own, and I am not a financial advisor. The information provided reflects my personal views and is intended to encourage discussion and thought among readers. Investments involve risk, including the loss of principal, and past performance is not indicative of future results. Always conduct your own research or consult with a qualified professional before making any financial decisions.

#investing #stocks #finance #wallstreet #stockmarket #investor #wealth #money #financialfreedom #passiveincome #dividends #compounding #longterminvesting #buyandhold #valueinvesting #portfoliomanagement #bitcoin #crypto #macro #Nasdaq #SPY #QQQ #SP500 #Amazon #AMZN #Meta #META #Google #GOOGL #Alphabet #AWS #GoogleCloud #AI #Hyperscalers #EarningsSeason #Caterpillar #CAT #AIstocks #stockanalysis #marketwatch #RigatoniCapital

$AMZN $META $GOOGL $MSFT $CAT $QQQ

Paul Tudor Jones just appeared on the Invest Like the Best podcast with Patrick O'Shaughnessy and it is one of the best investing conversations I have heard in a long time. Jones, one of the greatest macro traders of all time, reflects on 50 years in markets and gets surprisingly honest about the trading versus investing debate. He started on the commodity trading floor during the Hunt Brothers silver squeeze, watched silver collapse when margin requirements changed, and learned never to trust anything for the rest of his life. He built his career around riding trends and making money fast. But looking back today, he gives Warren Buffett full credit as the OG of compounding, and admits he wishes he had the fortitude to hold through a 50% drawdown the way Buffett did during the financial crisis. Jones also called Bitcoin unequivocally the best inflation hedge available, better than gold, because of its fixed supply. Strong earnings season continues this morning with Visa reporting and WTI trading higher.

Rigatoni Capital is a daily morning podcast for long term, buy and hold investors. This is not a show for short term traders or people looking for quick wins. Every morning I go through the most important headlines in finance, markets, and macro, and call out fake narratives in the financial media so you know what actually deserves your attention and what to ignore.

Subscribe to Rigatoni Capital on Substack: https://rigatonicapital.substack.com

Disclaimer: This blog is for informational purposes only and does not constitute financial advice. All opinions are my own, and I am not a financial advisor. The information provided reflects my personal views and is intended to encourage discussion and thought among readers. Investments involve risk, including the loss of principal, and past performance is not indicative of future results. Always conduct your own research or consult with a qualified professional before making any financial decisions.

#investing #stocks #finance #wallstreet #stockmarket #investor #wealth #money #financialfreedom #passiveincome #dividends #compounding #longterminvesting #buyandhold #valueinvesting #portfoliomanagement #bitcoin #crypto #macro #Nasdaq #SPY #QQQ #SP500 #PaulTudorJones #WarrenBuffett #InvestLikeTheBest #Bitcoin #BTC #Visa #EarningsSeason #MacroInvesting #TradingVsInvesting #HuntBrothers #Silver #stockanalysis #marketwatch #RigatoniCapital

$V $BTC $QQQ $SPY $SPOT

The Wall Street Journal is reporting this morning that OpenAI missed multiple monthly revenue targets earlier this year and fell short of its goal of reaching one billion weekly active users for ChatGPT. CFO Sarah Friar has reportedly raised internal concerns about whether the company can fund its massive data center commitments if revenue does not accelerate. OpenAI has roughly $600 billion in future data center spending locked in and expects to burn through $25 billion in cash this year against a $30 billion revenue target. Oracle is down over 7% in premarket and SoftBank dropped nearly 10% in Tokyo on the news. This morning I break down what it means, why I have always viewed Anthropic as the more conservative AI bet, and what the semiconductor pullback is telling us about froth in certain parts of the sector versus names like Nvidia that still look reasonable. I also add GE Aerospace to my watchlist and explain why the services and jet engine refurbishment business is getting my attention, touch briefly on GE Vernova, cover Brown and Brown's flat organic growth quarter, and give a shoutout to superinvestor Richard Pzena and his latest 13-F filing which touched on GE.

Rigatoni Capital is a daily morning podcast for long term, buy and hold investors. This is not a show for short term traders or people looking for quick wins. Every morning I go through the most important headlines in finance, markets, and macro, and call out fake narratives in the financial media so you know what actually deserves your attention and what to ignore.

Subscribe to Rigatoni Capital on Substack: https://rigatonicapital.substack.com

Disclaimer: This blog is for informational purposes only and does not constitute financial advice. All opinions are my own, and I am not a financial advisor. The information provided reflects my personal views and is intended to encourage discussion and thought among readers. Investments involve risk, including the loss of principal, and past performance is not indicative of future results. Always conduct your own research or consult with a qualified professional before making any financial decisions.

#investing #stocks #finance #wallstreet #stockmarket #investor #wealth #money #financialfreedom #passiveincome #dividends #compounding #longterminvesting #buyandhold #valueinvesting #portfoliomanagement #bitcoin #crypto #macro #Nasdaq #SPY #QQQ #SP500 #OpenAI #ChatGPT #Anthropic #AIstocks #Nvidia #NVDA #Oracle #ORCL #GEAerospace #GE #GEV #Semiconductors #SOXX #BrownAndBrown #BRO #RichardPzena #stockanalysis #marketwatch #RigatoniCapital

$NVDA $ORCL $GE $GEV $BRO $QQQ $SOXX $SMH

This morning I flag some caution around the semiconductor index SOXX, which has run far enough that it is hard to get excited about it from a value investor standpoint. I also dig into a structural problem with the IGV ETF and its 8.5% cap on individual holdings, which prevents true market cap weighting and makes it a sloppier vehicle than most people realize. We also talk about Nvidia's path to $10 trillion and beyond, and why CUDA as a software platform is the real engine that gets them there. Jane Street just reported a record $39.6 billion in trading revenue for 2025, beating JPMorgan with only 3,500 employees, and I talk about what that says about where the smart money is operating today. And I highlight CAVA, is everyone too bullish on this chain?

Rigatoni Capital is a daily morning podcast for long term, buy and hold investors. This is not a show for short term traders or people looking for quick wins. Every morning I go through the most important headlines in finance, markets, and macro, and call out fake narratives in the financial media so you know what actually deserves your attention and what to ignore.

Subscribe to Rigatoni Capital on Substack: https://rigatonicapital.substack.com

Disclaimer: This blog is for informational purposes only and does not constitute financial advice. All opinions are my own, and I am not a financial advisor. The information provided reflects my personal views and is intended to encourage discussion and thought among readers. Investments involve risk, including the loss of principal, and past performance is not indicative of future results. Always conduct your own research or consult with a qualified professional before making any financial decisions.

#investing #stocks #finance #wallstreet #stockmarket #investor #wealth #money #financialfreedom #passiveincome #dividends #compounding #longterminvesting #buyandhold #valueinvesting #portfoliomanagement #bitcoin #crypto #macro #Nasdaq #SPY #QQQ #SP500 #Nvidia #NVDA #CUDA #SOXX #Semiconductors #IGV #JaneStreet #CAVA #Chipotle #CMG #AIstocks #stockanalysis #marketwatch #rigatonicapital $NVDA $SOXX $IGV $CAVA $CMG $QQQ