Investors / stance tracking
What Adam Johnson is saying
Founder & Portfolio Manager, Bullseye Investment Group
40 dated public stances tracked since 2024-08-05, most recently 2025-07-28. Each line carries the date and the venue it came from; quotation marks mean verbatim. Methodology.
The stances below are c8alpha's editorial distillation of Adam Johnson's public commentary — television, podcasts, and interviews — compiled by automated transcript analysis and dated to the episode they came from. They may lag the speaker's current view and may contain extraction errors. Text in quotation marks is verbatim from the episode; everything else is our paraphrase. Adam Johnson is not affiliated with c8alpha and has not endorsed this page. Nothing here is investment advice.
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40
tracked stances
21
themes
0
side flips
2025-07-28
last heard
Returns 90d +16.1% (n=47) · 180d +29.0% (n=47) · 1y +40.7% (n=47)
Raw direction-aware returns on public statements — long calls credited when the price rose, shorts when it fell, shorts capped at −100% — in a rising market this mostly measures who was long, not who has skill. Returns run from the stance date; calls are rarely closed publicly, so fixed 90-day / 180-day / 1-year horizons are used. A horizon shows only once it has fully matured, and only at 5+ scored stances.
Most-argued themes
| Theme | Stances | Lean | Mix | Last |
|---|---|---|---|---|
| SPX | 4 | 4 bullish | 2024-11-16 | |
| COIN | 3 | 3 bullish | 2025-03-18 | |
| DAL | 3 | 3 bullish | 2025-03-18 | |
| NVDA | 3 | 3 bullish | 2025-07-28 | |
| BX | 2 | 2 bullish | 2024-08-10 | |
| CB | 2 | 2 bullish | 2024-08-10 |
Tracked stances
bullish / bearish is a view they argued; owns / short is a position they said they hold.
2025-07-28
SYM
bullish
Wealthion · video
Symbotic is automating all 47 of Walmart's distribution facilities into near-fully robotic operations, providing durable, contracted revenue growth in warehouse automation with proven results since purchase
“automating all 47 of Walmart's distribution facilities, making them almost completely robotic”
90d +33.2% · 180d +12.0% · 1y -20.2%
The Next Big AI Boom: Adam Johnson’s Bullish Case for U.S. Stocks
2025-07-28
AUR
bullish
Wealthion · video
Aurora Innovation's asset-light AI guidance system for autonomous 18-wheelers targets 5% of the $1 trillion trucking market by 2030, implying ~$50B in revenue against a current $6 stock price
“Aurora is a $6 stock today. So, that's one that could go a long way.”
90d -16.1% · 180d -29.6% · 1y -1.1%
The Next Big AI Boom: Adam Johnson’s Bullish Case for U.S. Stocks
2025-07-28
TSLA
bullish
Wealthion · video
Tesla's Optimus humanoid robot at 1 million units per year by 2028 at $30K gross profit per unit generates $30B in profit—double its best EV year—reframing it as an AI and robotics company worth double the current price
“I no longer think of it as an EV company. I think of it as an AI and robotics company”
90d +39.0% · 180d +33.7% · 1y -5.6%
The Next Big AI Boom: Adam Johnson’s Bullish Case for U.S. Stocks
2025-07-28
NVDA
bullish
Wealthion · video
Nvidia is the dominant AI chip price maker with EPS growing from ~$5 to ~$6, supporting a $240 next target at a 40x multiple as every AI application—from autonomous trucks to data centers—requires its chips
“6 times 40 is 240. There you go. There's my next target.”
90d +8.4% · 180d +5.5% · 1y +11.6%
The Next Big AI Boom: Adam Johnson’s Bullish Case for U.S. Stocks
2025-07-28
GXO
bullish
Wealthion · video
GXO Logistics is one of only two dominant warehousing automation companies in the US, positioning it to capture the AI-driven robotics transformation of supply chains
“those are really the two number one automation stocks...in this country”
90d +4.6% · 180d +9.1% · 1y +2.0%
The Next Big AI Boom: Adam Johnson’s Bullish Case for U.S. Stocks
2025-07-28
GEV
bullish
Wealthion · video
GE Vernova's repurposed jet-engine turbines running on natural gas provide scalable on-site power generation for AI data centers, making it a direct beneficiary of surging electricity demand from the AI buildout
“you install one of those generators at your plant...suddenly you're creating electricity. You're a utility on site.”
90d -9.7% · 180d +2.9% · 1y +46.0%
The Next Big AI Boom: Adam Johnson’s Bullish Case for U.S. Stocks
2025-03-18
NVDA
bullish
Wealthion · video
Nvidia briefly traded cheaper than the S&P 500 (~20x earnings) despite 60-70% earnings growth vs 10-12% for the index, making the dip a compelling buy for the AI leader
“when you see a company like Nvidia trading cheaper than the market with five six seven times the growth, you buy it”
90d +25.4% · 180d +54.0% · 1y +56.3%
Forget Recession Talk: Why It’s Time to Buy Stocks! | Adam Johnson
2025-03-18
SMCI
bullish
Wealthion · video
Super Micro assembles complete AI server arrays and trades at ~12x earnings with 70% growth guidance after the short-seller that alleged accounting fraud went out of business and management was cleared by an independent party
“that stock trades at 15 times earnings with 70% growth based upon the most recent guidance”
90d +15.3% · 180d +19.7% · 1y -19.9%
Forget Recession Talk: Why It’s Time to Buy Stocks! | Adam Johnson
2025-03-18
SYM
bullish
Wealthion · video
Symbotic is robotizing all 47 of Walmart's distribution centers and will then automate Walmart stores, providing a durable long-term growth runway alongside a tradeable $20-$40 range
“when it gets to 20 you buy it when it goes to 40 you sell it”
90d +54.6% · 180d +144.8% · 1y +138.5%
Forget Recession Talk: Why It’s Time to Buy Stocks! | Adam Johnson
2025-03-18
CLS
bullish
Wealthion · video
Celestica builds AI platforms for enterprises and trades at 15-16x earnings with 30-35% growth, making it cheaper than the S&P with materially higher growth
“celestica trading somewhere in the mid teens 15 16 times earnings with 30 to 35% growth so it's cheaper than the S&P”
90d +46.6% · 180d +184.7% · 1y +212.8%
Forget Recession Talk: Why It’s Time to Buy Stocks! | Adam Johnson
2025-03-18
DAL
owns
Wealthion · video
Delta's five-pronged revenue model — 34-zone cabin segmentation, cargo, third-party aircraft servicing, Amex co-brand fees, and an owned oil refinery as a jet-fuel hedge — produces best-in-class margins and the stock trades at just 6x earnings with a path to…
“Delta you basically buy in the 40s and you sell it up above 65-70, my target I just raised is 80 and I just bought some more down in the 40s”
90d +8.0% · 180d +28.1% · 1y +40.7%
Forget Recession Talk: Why It’s Time to Buy Stocks! | Adam Johnson
2025-03-18
RETAIL REITS
bearish
Wealthion · video
Strip-mall retail REITs face structural demand destruction as e-commerce reaches 17-18% of total retail sales, making the repurposing challenge insurmountable for most properties
“I won't touch any of the retail REITs because do we really need strip malls with e-commerce now 17 or 18% of total retail sales”
Forget Recession Talk: Why It’s Time to Buy Stocks! | Adam Johnson
2025-03-18
COIN
bullish
Wealthion · video
Coinbase is the essential backbone infrastructure for institutional crypto — used by BlackRock and Citadel for trading, custody, and FX conversion — making it best-in-breed regardless of which coins or regulations prevail
“it's now part of the essential infrastructure the crypto infrastructure in this country it's the backbone for all of black rock's institutional clients who trade crypto”
90d +44.4% · 180d +80.5% · 1y +11.7%
Forget Recession Talk: Why It’s Time to Buy Stocks! | Adam Johnson
2025-03-18
PLTR
bearish
Wealthion · video
Palantir's valuation at 200x earnings and 57x sales requires centuries of earnings or revenues to justify, making it untouchable regardless of the AI theme's merit
“you would need 57 years worth of revenues and 200 years worth of earnings to justify that price”
Forget Recession Talk: Why It’s Time to Buy Stocks! | Adam Johnson
2025-03-18
long Big Tech / long GEV / long CRM
basket
Wealthion · video
Owning all three layers of the AI stack — mega-cap platform builders, infrastructure enablers, and vertical use-case software — is necessary because each layer captures a different portion of the AI value chain and they are not interchangeable
“you have to own the big guys the mag seven, you have to own the infrastructure, and you have to own the use cases”
90d +20.2% · 180d +36.6% · 1y +55.4%
Forget Recession Talk: Why It’s Time to Buy Stocks! | Adam Johnson
2024-11-16
SPX
owns
Wealthion · video
GDP is growing at 2.5-3% with earnings growth of 8-10% accelerating to 10-12% next year, and the Trump administration adds deregulation, tax cuts, and cheaper energy as unmeasured but directionally positive tailwinds for corporate earnings.
“I'm fully invested I've done some more buying since the elections and I think we're going to see a strong runup into year end”
90d +4.0% · 180d +1.0% · 1y +14.6%
Market Recap: Trump Rally | Deficit Risks | Bullish U.S. Macro | Democratizing Hedge Fund Strategies
2024-11-16
long HAL / short ENERGY
pair
Wealthion · video
Trump's expanded drilling on federal land increases drilling activity revenue for oil services companies while simultaneously adding supply that lowers oil prices and compresses producer earnings, making services the right way to play the energy theme over…
“don't buy EOG or Chevron...I would bet on service companies like Halliburton”
90d -4.1% · 180d -10.3% · 1y -3.7%
Market Recap: Trump Rally | Deficit Risks | Bullish U.S. Macro | Democratizing Hedge Fund Strategies
2024-11-14
COIN
bullish
Wealthion · video
BlackRock routes all institutional and individual crypto access through a Coinbase JV, making it the infrastructure backbone of the world's largest asset manager's crypto exposure, amplified by Trump's deregulatory stance toward digital assets
“BlackRock has a joint venture with coinbase such that when any of its clients need access to crypto markets coinbase handles it”
90d -1.4% · 180d -7.9% · 1y +1.9%
Why Now Is the Time to Go All In on U.S. Markets | Adam Johnson
2024-11-14
SPX
owns
Wealthion · video
S&P 500 earnings accelerating to $280–285 in 2025 (10–12% growth) at a 22–23x PE supports a near-term rally to ~6,300; current valuation is well below the 40–70x bubble extremes of 2002 and 2008
“I'm still all in on stocks”
90d +2.0% · 180d -0.5% · 1y +14.6%
Why Now Is the Time to Go All In on U.S. Markets | Adam Johnson
2024-11-14
long HAL / short EOG
pair
Wealthion · video
Trump's drill-baby-drill policy will expand oil supply and compress prices, hurting producer earnings (EOG, CVX) while benefiting service companies (HAL) that are paid per well drilled regardless of commodity price
“don't buy an EOG... or Chevron... I would bet on service companies”
90d -4.6% · 180d -8.0% · 1y +4.4%
Why Now Is the Time to Go All In on U.S. Markets | Adam Johnson
2024-09-07
SPX
bullish
Wealthion · video
Forward EPS of roughly $275 on a still-justified 22x multiple yields an S&P 500 target near 6,200 — about 10% above current levels — supported by ongoing earnings growth, still-low unemployment, and an incoming Fed rate-cut cycle
“22 times earnings of $275 gets us to about 6,200 on the S&P 500 that's about 10% above where we are now”
90d +11.6% · 180d +5.5% · 1y +20.2%
Weekly Recap: Recession vs. Bullishness? A Weaker Dollar? & Build To Rent
2024-09-04
ET
bullish
Wealthion · video
Energy Transfer is the largest US pipeline operator with ~30% of national capacity, yielding 7.5-8% as a rare income replacement as high-yield savings rates fall with Fed cuts
“energy transfer... pays seven and a half, eight percent... largest pipeline operator in the country”
90d +23.3% · 180d +23.8% · 1y +19.2%
Bullish! Why Adam Johnson Remains 100% Invested in Stocks
2024-09-04
SPX
bullish
Wealthion · video
GDP growth, 10-11% earnings growth to $275 EPS, falling inflation, and rate cuts justify a 22x multiple yielding ~6,200 on the S&P 500, roughly 10% above current levels
“22 times earnings of $275 gets us to about 6,200 on the S&P 500 — that's about 10% above where we are now”
90d +10.0% · 180d +6.6% · 1y +19.3%
Bullish! Why Adam Johnson Remains 100% Invested in Stocks
2024-09-04
SEMICONDUCTORS
bullish
Wealthion · video
AI capex cycle is in early innings driving sustained chip demand while many semis trade at mid-teens multiples, making the sector cheap relative to the growth opportunity
“you just have to own semis especially since a lot of them are trading in the teens”
Bullish! Why Adam Johnson Remains 100% Invested in Stocks
2024-08-10
UBER
bullish
Wealthion · video
Uber's captive in-app audience during ride-waits gives it a high-value advertising inventory that, if monetized, could add ~$2 of incremental EPS within two years — a ~50% earnings uplift not yet reflected in the share price.
“you can easily get to $2 of additional earnings within two years…Uber's earnings just went up by 50%”
90d +4.0% · 180d +1.1% · 1y +30.8%
Weekly Recap: Global Market Shock - What You Need To Know
2024-08-10
DAL
bullish
Wealthion · video
Delta's earnings hit was a one-quarter capacity overhang (3% excess) rather than a demand problem — record passenger volumes through US airports on July 4th weekend confirm the consumer is still spending on travel.
“it's a one quarter thing because they have 3% too much capacity fine”
90d +56.8% · 180d +74.4% · 1y +38.6%
Weekly Recap: Global Market Shock - What You Need To Know
2024-08-10
BX
bullish
Wealthion · video
Blackstone, the world's largest private equity company, is still normalizing post-COVID and has not yet recovered to where it ought to trade.
“Great American companies that are normalizing after the craziness of Covid that still haven't quite gotten back to where they ought to be”
90d +38.0% · 180d +35.7% · 1y +35.1%
Weekly Recap: Global Market Shock - What You Need To Know
2024-08-10
SMALL-CAP EQUITIES
bullish
Wealthion · video
Small caps are still well below their 2021 all-time highs while the S&P and NASDAQ have made new highs, and incoming Fed rate cuts both lower their borrowing costs and raise the present value of their future earnings, providing a catch-up runway.
“small caps are still well below their all-time high…there's more room for them to run”
Weekly Recap: Global Market Shock - What You Need To Know
2024-08-10
CB
bullish
Wealthion · video
Chubb is the largest and highest-quality US insurer yet trades at only ~11x earnings, making it very cheap for a best-in-class franchise.
“highest quality insurance company here in the US…very cheap at like 11 times earnings”
90d +5.3% · 180d +2.5% · 1y +2.4%
Weekly Recap: Global Market Shock - What You Need To Know
2024-08-10
DKNG
bullish
Wealthion · video
DraftKings is a 'new mousetrap' company repackaging long-standing sports betting behavior into a more accessible digital format, creating a large and still-growing addressable market.
“I think that's got a lot of upside”
90d +34.4% · 180d +42.2% · 1y +43.1%
Weekly Recap: Global Market Shock - What You Need To Know
2024-08-06
CLS
bullish
Wealthion · video
Celestica beat earnings estimates and raised guidance but sold off ~20% as collateral damage in the AI trade unwind, leaving an AI platform infrastructure provider — which sources Nvidia chips and builds full AI rack systems — trading at only 13x earnings…
“an AI related company at 13 times earnings that's growing double digits that doesn't make sense that's when you buy”
90d +53.6% · 180d +156.8% · 1y +321.9%
Navigating Volatility: Adam Johnson on Inflation, Rate Cuts, and AI Stocks
2024-08-06
DAL
bullish
Wealthion · video
Delta's earnings disappointment reflects a temporary 3% capacity overhang for one quarter, not structural weakness, while record US airport passenger volumes over the July 4th weekend confirm underlying consumer travel demand is strong
“Delta got clobbered on those earnings it's a one quarter thing...most number of people ever transiting through US airports July 4th weekend”
90d +49.3% · 180d +74.5% · 1y +43.3%
Navigating Volatility: Adam Johnson on Inflation, Rate Cuts, and AI Stocks
2024-08-06
UBER
bullish
Wealthion · video
Uber's in-app advertising platform — targeting captive users staring at the ride-tracker screen for 3-5 minutes — can plausibly add ~$2 of incremental EPS within two years, effectively making the stock ~50% cheaper on forward earnings than it currently appears
“Uber's earnings just went up by 50% stock just got cheaper right”
90d +12.9% · 180d +3.7% · 1y +37.5%
Navigating Volatility: Adam Johnson on Inflation, Rate Cuts, and AI Stocks
2024-08-06
SEMICONDUCTORS
owns
Wealthion · video
Algorithmic sell programs trigger indiscriminate sector-wide drops in semiconductor stocks on any negative signal, creating buying opportunities in names whose AI-driven secular growth fundamentals remain intact
“on days when my beloved semiconductor stocks are down I'm buying them”
Navigating Volatility: Adam Johnson on Inflation, Rate Cuts, and AI Stocks
2024-08-06
BX
bullish
Wealthion · video
Blackstone, the world's largest private equity firm, is still in a post-COVID normalization path and has not yet recovered to where its earnings power justifies
“Great American companies that are normalizing after the craziness of covid that still haven't quite gotten back to where they ought to be”
90d +28.8% · 180d +33.9% · 1y +33.5%
Navigating Volatility: Adam Johnson on Inflation, Rate Cuts, and AI Stocks
2024-08-06
SMALL CAPS
bullish
Wealthion · video
Imminent rate cuts lower borrowing costs for capital-dependent small companies and raise the present value of their future earnings via a shrinking discount rate, while small caps remain well below their 2021 all-time highs even as the S&P and Nasdaq make new…
“small caps have suddenly sprung to life on the promise of rate cuts...there's more room for them to run”
Navigating Volatility: Adam Johnson on Inflation, Rate Cuts, and AI Stocks
2024-08-06
CB
bullish
Wealthion · video
Chubb is the largest and highest-quality US insurer yet trades at approximately 11x earnings, making it cheap on a quality-adjusted basis despite recently making a new high
“Chubb the largest and highest quality insurance company here in the US...very cheap at like 11 times earnings”
90d +4.4% · 180d +4.0% · 1y +3.0%
Navigating Volatility: Adam Johnson on Inflation, Rate Cuts, and AI Stocks
2024-08-06
DKNG
bullish
Wealthion · video
DraftKings repackages sports betting — a long-established consumer activity — into a far more accessible digital format, fitting a 'new mousetrap' category with a large addressable market and substantial growth runway
“taking something that we've done for a long time bet on sports and packaging it in a different way...I think that's got a lot of upside”
90d +13.7% · 180d +31.9% · 1y +44.6%
Navigating Volatility: Adam Johnson on Inflation, Rate Cuts, and AI Stocks
2024-08-05
NVDA
bullish
Wealthion · video
Nvidia trades at ~22x forward earnings on Adam's $4 EPS estimate, the same multiple as the broad market, yet is doubling its earnings — making it undervalued relative to its growth rate after the panic-driven selloff
“buy the market growing 10% or buy Nvidia for the same valuation and it's doubling its earnings”
90d +35.5% · 180d +16.2% · 1y +77.5%
Market Mayhem: What You Need to Know
2024-08-05
COIN
bullish
Wealthion · video
Coinbase's 22% opening drop represented forced algorithmic and panic selling exhaustion rather than fundamental deterioration, creating a mean-reversion entry as extreme selling is self-exhausting
“coinbase down 22% are you kidding me”
90d -1.7% · 180d +50.1% · 1y +57.3%
Market Mayhem: What You Need to Know
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