Solid results at first glance. International growth is the lowest hanging fruit and that picked up.

https://investors.transmedics.com/news-releases/news-release-details/transmedics-reports-second-quarter-2026-financial-results

https://investors.transmedics.com/static-files/37739be5-5380-451c-ba28-31164b942161

There's a new FTC lawsuit against Hims & Hers, which is why the stock is down ~15%.

The lawsuit seems pretty weak to me as someone who has used Hims. And the remedies at worst seem like a slap on the wrist.

Thoughts from any lawyers in the room?

https://www.ftc.gov/news-events/news/press-releases/2026/07/ftc-states-act-against-hims-hers-deceptive-unlawful-privacy-practices

Federal Trade CommissionFTC and States Act Against Hims & Hers for Deceptive and Unlawful Privacy PracticesThe Federal Trade Commission, joined by Utah and California, by and through Los Angeles County Counsel, today sued Hims & Hers alleging that the telehealth provider shared consumers’ sensitive

AI stocks are down again. The market is starting to ask the questions I’ve been asking for months.

I wonder if the worry is Microsoft or another hyperscalers will cut capex, or indicate slower growth in 2027, this week?

Travis, loved the video with the Oscar CEO a few months ago. Curious why you haven’t opened a position yet.

Bumble trajectory has been downwards for a while, is there still any hope?

Also curious if you have #Veeva (a cloud-based software for the life sciences industry) in your radar. Thx.

Those companies--for whatever nebulous reasons--I am most enthusiastic about in the mix you have put together, Travis. I know you have a ten-year time frame for the companies in your portfolio to go up 10 fold, but what if you are a constitutionally impatient man too amped up on caffein to linger for ten years? (Sort of a joke, sort of real). How long does your crystal ball say that the market will finally see ONON's earnings as real dollars as opposed to the foreign currency they report in? How long before everyone sees Owlet's products at their niece's house and says, "Hey, cool monitor, who makes that?" Etc. I am a Peter Lynch fan and he says it can take a while before what we perceive in a company and what the market perceives can be two very different time horizons. So I guess I've answered my question. But your thoughts on it?

Tesla reported earnings last night. With your special holdings in TESLA (long term puts), can you speak to what you saw and still see? How is a put at risk with talk about merging TESLA with Space-X? Thx, Joel

Ask your questions in a comment to this post below, and I'll answer them live you YouTube. Hope you can join!

Alphabet's $GOOG results are out. Call starts in a bit and I'll add more thoughts after I listen but here's my initial takeaway:

1. Cloud growing over 80% is crazy.

2. The rest of the business was fine, but nothing great.

3. FCF now negative...

Stock is flat after hours. I think most of this was expected.

https://s206.q4cdn.com/479360582/files/doc_financials/2026/q2/2026q2-alphabet-earnings-release.pdf

https://s206.q4cdn.com/479360582/files/doc_financials/2026/q2/2026q2-alphabet-earnings-slides.pdf