Liontree Weekly Update
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Liontree Weekly Update
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“Our LT Weekly Update is a comprehensive weekly analysis aimed at helping our key corporate and investor clients cut through the noise and stay in front of what we view as the most important themes and developments driving the digital economy.”
- Leslie Mallon, Head of LionTree Public Markets

During this shortened holiday week, the markets continued to climb higher with the S&P 500 increasing another +1.7% and Nasdaq rising +1.6%, both hitting fresh new record highs. Positive news on trade deals helped boost optimism and the GOP’s One Big Beautiful Bill Act was in the spotlight. All in all, Q2 ended with a bang as the major indices dramatically rallied (the S&P 500 rose +11% and Nasdaq rose +18% for the qtr).

Note that this is a light edition of the Weekly Update and our focus is on:

The full edition of our LT Weekly Update will resume next week.

Enjoy 4th of July!

Best,
Leslie

Leslie Mallon

Head of LionTree Public Markets

PH: +1-917-364-6778

Quarterly Stock Performance Wrap…Q2 Ends With A Bang

After a tough start to the year, with both the S&P 500 down -4.6% and NASDAQ down a more substantial -10.4% in Q1, both indices posted a strong rebound in Q2, with the S&P 500 up +10.6% and the tech-heavy NASDAQ up an even stronger +17.8%.

Within the S&P 500, the Information Technology sector was the best performer, up +19.6%, which was a considerable reversal from down -8.5% last qtr. While Consumer Discretionary staged a rebound in Q2, up +6.6 after falling -6.3% in Q1, the same couldn’t be said for Consumer Staples, which fell -3.1% in Q2 after the sector was up +2.3% in Q1. The Energy sector performed the worst in Q2, down -9.1%, after being the best performing sector in Q1, up +7.5%.

Looking at performance across our LionTree Universe of ~180 stocks in the TMT and Consumer sector with $1bn+ market caps, stock performance was much stronger with 73% of stocks trading up in Q2, a big increase from 40% in Q1, and 48% trading up double-digits, which was also meaningfully up from 23% in Q1. On the other end, 11% of stocks traded down double-digits, which was a lot lower than the 34% that traded double double-digits in Q2.

Which stock saw the largest gain in Q2? It was CoreWeave, which surged +340% in the quarter after an initial tough start after going public at the end of March. It was followed by Robinhood, up +125%, and Magnite, up +111%, to round out the Top 3 best performers in Q2.