This Memecoin Moves When Elon Does

Dear Reader,

There's a pattern so reliable that traders have built entire strategies around it.

Elon does something big. One memecoin explodes. Retail catches on too late.

Tesla and Bitcoin. Dogecoin tweets. X payments. Every single time, the same sequence plays out… and the people who positioned early walked away with life-changing gains while everyone else chased.

The SpaceX IPO is the biggest Elon event in history. $1.75 trillion. Nothing he's ever done comes close.

And the pattern is setting up again.

There is one specific memecoin our team believes is directly in the path of the SpaceX liquidity wave. Not because of hype… because of how it's structurally built to absorb exactly this kind of capital rotation.

Sentiment is still near lows. The window is open. But it won't be once the IPO hits the news cycle.

Click here to see our #1 memecoin for the SpaceX IPO.

Regards,

Bryce Paul
Crypto 101

Does Cheesecake Factory Stock Have Any Upside Left on the Menu?

By Jennifer Ryan Woods. Publication Date: 4/27/2026.

Investors in Cheesecake Factory (NASDAQ: CAKE) have enjoyed a strong run recently, with shares up more than 22% year to date. But Wall Street estimates suggest much of that upside may already be baked in.

The stock hit an all-time intraday high near $70 in July before falling into the $40s by November, as investors grew concerned about consumer traffic amid a softer macro environment and heightened competition.

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Since then, shares have edged higher. Over the five-month period between Nov. 24 and April 24, the stock is up more than 37% and now trades just under $62.

The casual-dining company’s resilience amid broader industry pressures appears to have supported the recent rally.

When Cheesecake Factory reports first-quarter results on Wednesday, investors will be watching to see how the company continues to manage that backdrop.

Consumer Sentiment, Costs, and Weather Have Pressured Restaurants

The restaurant industry has faced several headwinds: softer consumer sentiment weighing on traffic, rising food and labor costs pressuring margins, and weather-related disruptions denting sales.

Cheesecake Factory has navigated those challenges relatively well. In 2025, the company reported record annual revenue, expanded margins, and grew its unit base by about 7% with the addition of 25 new restaurants.

In the company’s fourth-quarter earnings report released Feb. 18, it delivered earnings of $1.00 per share, down from $1.04 a year earlier but two cents above Wall Street estimates. Revenue of about $962 million rose more than 4% year over year and beat expectations by nearly $13 million.

Strong Execution Helped Offset Industry Pressures

In a press release announcing the Q4 results, CEO David Overton noted that despite a challenging environment — including weather impacts — revenue finished within the company’s expected range.

He said resilient operations and strong execution helped margins and adjusted diluted earnings per share land at the higher end of expectations. “Our operators remained focused on the factors within their control, delivering year-over-year improvements in labor productivity, wage management, hourly staff and manager retention, and guest satisfaction,” he added.

Looking ahead, the company expects first-quarter revenue of $955 million to $970 million. The outlook assumes about a 1% weather-related impact and reflects the closure of four restaurants in January. It forecasts an adjusted net income margin of roughly 5% at the midpoint and announced an increased dividend and an expanded share repurchase program for the quarter.

For 2026, Cheesecake Factory projects total revenue around $3.9 billion at the midpoint, with net income margin near 5%. The company plans to open up to 26 new restaurants, most of which are slated for the second half of the year.

Price Targets Suggest Limited Upside

Shares, which had risen roughly 9% ahead of the Q4 report on Feb. 18, fell about 3% in the session following its release.

At current levels, expectations point to limited upside or downside over the next year. The average 12-month price target for the stock is $62, roughly flat with the current price. Targets issued over the past year range from about $50 to $75.

The consensus rating is Hold. Of the 17 analysts covering Cheesecake Factory, four rate it a Sell, seven a Hold, and six a Buy.

Cheesecake Factory Stock Has Outperformed Peers

Cheesecake Factory has outperformed many peers over the past year. The stock’s roughly 26% gain has outpaced BJ’s Restaurants Inc. (NASDAQ: BJRI) (up about 13%), Darden Restaurants Inc. (NYSE: DRI) (up roughly 1%), Bloomin’ Brands Inc. (BLMN) (down more than 26%), and Cracker Barrel Old Country Store Inc. (NASDAQ: CBRL) (down around 30%).

From a valuation perspective, Cheesecake Factory trades at a price-to-earnings (P/E) ratio of about 21X — slightly above BJ’s (~18X) and roughly in line with Darden (~21X). Bloomin’ Brands trades at a much higher multiple (~60X), while Cracker Barrel lacks an applicable P/E due to recent losses.

Upcoming Earnings Could Be a Catalyst

If Q1 results exceed expectations — particularly on sales trends or margins — shares could move higher as analysts revise estimates and price targets.

Conversely, renewed traffic pressure, a more cautious consumer, or higher costs could push the stock lower. Absent a meaningful surprise, the stock may continue to trade in a similar range.

Cheesecake Factory has delivered solid execution in a difficult operating environment, which helped fuel the recovery in the stock. But with shares trading near consensus price targets, much of that progress appears priced in. Unless the company posts a meaningful upside surprise, it may struggle to move significantly higher from current levels.

Freeport-McMoRan: Grasberg Restarts, Now the Real Work Begins

Submitted by Chris Markoch. Originally Published: 4/24/2026.

Mining stocks can be complex investments. The structural case for Freeport-McMoRan Inc. (NYSE: FCX) heading into earnings was straightforward — which helps explain why FCX plunged more than 12% after reporting.

The immediate issue is the company’s Grasberg mine in Indonesia. Investors will recall that a mud rush there forced a suspension of operations.

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The good news: Freeport commenced initial mining in March, beating its prior estimate that operations would restart sometime in the current quarter.

The bad news is production has been revised downward. In January the company targeted 100,000 tons per day (t/d) by the second half of the year; that forecast is now 60,000 t/d for the same time frame, ramping to 90,000 t/d by the second quarter of 2027.

The culprit is an increase in “wet drawpoints,” which will require modifications that are expected to run through March 2027.

Copper and Gold Prices Strengthen the Long-Term Bull Case

The Grasberg ramp-up is worth watching, but is it enough to justify a 12% sell-off? One reason to expect a rebound is copper’s outlook.

Demand for copper is at record levels and is projected to increase over the next few years. That’s lifting prices: copper averaged $5.78 per pound in Q1 2026, up from $4.44 in Q1 2025 — a 30% increase.

Freeport, however, is more than a copper story. The company also produces gold, which is trading at $4,889 per ounce as of this writing, up from $3,072 per ounce in April 2025. By 2030 Freeport projects Grasberg to produce as much as 1.7 billion pounds of copper and roughly 1.2 million ounces of gold.

If current prices hold — and they are projected to move higher — gold helps cover costs while copper production bolsters earnings.

Freeport’s Earnings Show Strength Beyond Grasberg

Freeport’s Q1 2026 earnings report was solid but mixed. EPS of $0.57 beat expectations of $0.47, while revenue of $6.23 billion missed forecasts of $6.4 billion.

On a year-over-year basis the picture looks stronger: revenue rose from $5.7 billion in Q1 2025 to about $6.2 billion, and adjusted EBITDA increased from $1.9 billion to $2.5 billion.

For investors, this indicates that while Grasberg still matters, the rest of Freeport’s portfolio remains productive. That suggests Grasberg’s recovery should provide incremental earnings growth rather than growth already fully priced into FCX.

Indonesia Agreement Removes a Key Overhang

Another positive for the long-term case is reduced political uncertainty in Indonesia. In February Freeport signed a memorandum of understanding with the Indonesian government that extends operating clarity in the Grasberg district beyond the 2041 expiration. Under the deal Freeport retains its current 48.76% stake in PT Freeport Indonesia through 2041, then transfers an additional 12% to the government at no cost, leaving it with roughly 37% from 2042 onward. That long-sought clarity removes a significant overhang on the stock and strengthens the long-term production story.

Is the Post-Earnings Sell-Off a Buying Opportunity?

In the weeks leading up to earnings analysts were mostly bullish on FCX. Many new price targets exceed the consensus target of $65.66, and 18 of the 22 analysts tracked on MarketBeat rate the stock a Buy.

Institutions continue to add to positions, and analysts are forecasting roughly 35% earnings growth over the next 12 months. That makes the company’s forward price-to-earnings (P/E) ratio of about 24x look attractive.

FCX has a pattern of post-earnings drops, so this could be history repeating — especially for a stock that remains up more than 64% over the past 12 months even after this pullback.

That said, the sell-off looks overdone. A decent—but not outstanding—report arriving on a broadly weak market day likely exaggerated the move, creating a potential setup for patient investors. The downside risk: FCX could test roughly $52, near its 150-day simple moving average.

The post-earnings decline occurred on high volume, indicating conviction behind the selling.

FCX followed a similar path in September/October 2025, crossing below the 150-day SMA before recovering. A drop to the 150-day SMA from current levels would imply another roughly 15% decline, which is not unusual for commodity-levered names.

However, the 150-day SMA is still sloping upward, suggesting the underlying trend remains constructive — as do copper prices. If FCX can hold support near its 50-day SMA, the stock could work its way back toward the current consensus price target.