Hey Traders,
Back out at the ranch today — cloudy skies, and the market’s looking a little cloudy too. A lot of red today.
But we’ve had a big run lately, so a little cooling off like this isn’t a bad thing.
Most of the names I’m watching are down today, but I’m still seeing some setups that look pretty solid. Let’s run through a few of them.
Still Long Robinhood
First up: Robinhood (HOOD).
I’m still long this one and I plan to stay long. Great stock, strong brand, and I think it’s got a lot of room ahead. Plus, it’s one of those names that’s perfect for flexible income trades — you can sell covered calls, sell puts, or run spreads.
For smaller accounts especially, that kind of versatility makes it easy to use HOOD to generate weekly income without tying up a ton of capital.
Chime Didn’t Pop — But That’s Fine
Next up is Chime (CHYM) — a recent IPO.
It didn’t explode out of the gate like some of the others we’ve seen this year.
But I think it’s got a solid future. I’ve taken a position in it, and while I’m not expecting fireworks right away, I like how it’s setting up.
Still Studying CoreWeave
I’ve mentioned CoreWeave (CRWV) before. It’s been acting like a meme stock — big moves, fast swings. I’m still trying to wrap my head around it.
Not ready to trade it yet, but it’s definitely one of the more interesting IPOs we’ve seen in a while.
The Most Profitable Business You’ve Never Heard Of?
Now here’s the one I really want to talk about today: Circle Internet (CRCL).
If you’ve ever used USDC — the stablecoin — Circle is the company behind it.
Stablecoins are cryptocurrencies that are pegged to the value of the U.S. dollar. They don’t move around like Bitcoin or Ethereum. That’s why traders use them to park cash.
But here’s the interesting part: people who hold USDC don’t earn anything.
Circle, on the other hand, is holding billions of dollars in reserve to back those stablecoins — and they earn interest on that money.
Same story with Tether, another big stablecoin. They’ve been pulling in billions just by earning yield on their reserves.
So while the stablecoin itself doesn’t “do” anything, the company issuing it is sitting on a cash-generating machine.
CRCL launched earlier this month at a list price of $31, but quickly shot up.
Now it’s trading somewhere in the $140–160 range. So yeah, it’s run hot. But I don’t think that means the opportunity’s over.
This is a rare case of a crypto-related company with a real business model, proven demand, and serious upside.
I’m planning to trade it and hold it. Long-term, I think there’s a lot of potential here.
Bottom Line
It was a slower day in the market. That’s fine.
This is when I start scanning for what’s next — what I want to be in when the next leg starts.
And CRCL? That one’s at the top of my list.
Trade well,
Jack Carter
P.S. Another hot stock I’m watching? The most volatile in the market — and here’s how I’m targeting weekly income no matter which way it moves!
