The Cro Capital Report

Good morning, and welcome to another edition of The Cro Capital Report, your weekly pulse-check on shifting markets, sector strategy, and portfolio positioning. This week, we highlight a decisive rebound in our performance, powered by timely trades in rare earths, semiconductors, and defensives. With inflation cooling, a potential Fed cut on the table for September, and nuclear energy back in the spotlight, we explore how policy, macro pressures, and earnings momentum are reshaping the investment landscape.

Markets at a Glance

Figure 1: Month-over-month economic Indicators (June 17th- July 17, 2025)

• S&P 500: $6,297.36/share — ↑ 0.54%

• VIX (Volatility): 16.52 — ↓ 23.52%

• 10-Year Treasury Yield: 4.429% ↑ 5.9 bps (↑ 0.059%)

• U.S. Dollar Index (DXY): $98.239 — ↓ 0.21%

• Crude Oil Futures: $69.15/barrel — ↑ 10.20%

• Copper Futures: $5.5265/ounce — ↑ 14.90%

• Gold Price: $3,340/ounce — ↓ 1.39%

• Uranium Price: $71.70/lb — ↓4.14%

Portfolio Performance Update: Reclaiming the Lead Through Sector Precision

Just two weeks ago, the S&P 500 had narrowed the gap to within 8 basis points of our year-to-date return. But this latest stretch has made clear why tactical positioning matters. Through a handful of calculated trades focused on sector shifts and macro themes, Cro Capital has reasserted its lead with a +10.94% YTD return versus the S&P’s +7.31%. We leaned into market inefficiencies and earnings momentum across select names, and those calls have paid off. The following positions have been opened in the past two weeks and have significantly contributed to our recent alpha generation:

• REEMF (+36.97%): A breakout in rare earths, REEMF continues to rally as the demand for extraction efficiency intensifies. We believe their proprietary tech sets the gold standard for precision and scalability in the industry, giving them a serious edge as global nuclear and clean energy strategies accelerate.

• AMDL (+34.55%)Our leveraged exposure to AMD delivered outsized returns over the past two weeks as momentum accelerated in the semiconductor space. With AI infrastructure demand ramping and optimism around chip cycle recovery, this tactical 2x trade helped fuel our rebound after the S&P narrowed the gap.

• PEP (+7.96%): Pepsi’s latest earnings beat by 9 cents underscored the strength of resilient consumer spending. Our early positioning ahead of Q2 results gave us front-row exposure to this rally.

• TSLA (+6.74%) Tesla’s recovery came right on cue. Improved delivery metrics and forward guidance tied to AI-integrated manufacturing helped validate our reentry after June’s pullback. We at Cro Capital also feel very bullish on the future of TSLA as they begin to roll out their robo taxi line.

• GOOGL (+4.89%) Alphabet remains a quiet compounder. AI monetization across services and growing cloud profitability kept this name in the green, offering balance to the portfolio.

The Fed Watch: Cut or Hold?

As inflation has continued to cool off and with June's CPI coming in at 2.7% over 12 months with a slight increase of +0.3% in June, the markets are increasingly betting on a Fed rate cut as early as September. But will this happen?  Uncertainty remains a talking point as the Fed balances its 2% inflation target with signs of slowing job growth. With the renewed talk of tariffs from the Trump campaign coming August 1st, it has stirred concerns about future price pressures that will potentially complicate the Fed's Path. We have been talking about what will happen if the Fed does cut as soon as September. If there are cuts in September, we could see a boost in the stock market, especially in sectors that benefit from lower interest rates like tech, real estate, and smaller companies. Cheaper borrowing costs would help both consumers and businesses keep spending even though the economy is slowing down. On the flip side, some investors might worry that the Fed’s cut signals bigger problems ahead. We might also see bond yields drop, the dollar weaken, and prices for gold and oil rise as investors look for safe havens and inflation hedges. We want to know what our readers think. 

Will the Fed cut rates in September?

Reply to our email [email protected] with: 

YES or NO — we would love to hear your thoughts!

Earnings season, Nuclear and AI Datacenters News

If you are just turning in now, you might be surprised to see nuclear energy companies making headlines. This earnings season feels like a great turning point for several key sectors. We are seeing nuclear energy reemerge as a significant player, fueled by rising uranium prices and a growing emphasis on clean, reliable power. Companies in this space are not just optimistic—they’re showing tangible growth, signaling that nuclear could become a crucial part of the energy transition.

On the tech front, AI is still the star of the show. Just this week, President Trump announced plans to add new data centers in Pennsylvania, which shows just how seriously the push for AI and cloud infrastructure is being taken. It’s exciting to see these kinds of investments happening, because they don’t just power technology; they create jobs and fuel growth in local communities too. We will keep an eye on the tech space as we have added TSLA, GOOGL, and AMDL into our portfolio 

Looking ahead, this earnings season is shaping up to be one of the most dynamic in recent memory, with nuclear energy and AI-driven tech companies leading the charge. Rising uranium prices and new AI data center investments are fueling optimism. Companies like LEU and OKLO are proving that innovation continues to drive results. Overall, earnings are showing us where the market’s momentum is building and where caution is still warranted. What we have been discussing recently on earnings season is the earnings landscape, some sectors are facing margin pressures and supply chain struggles, and uncertainty. But we are staying focused on companies with fundamental growth catalysts and ample opportunities for growth, like nuclear energy companies. 

Thanks for reading this week's newsletter! As always, please share any feedback with us by responding to this email or emailing us at [email protected]. See you in August! — The Cro Capital Team

*The information provided in The Cro Capital Report is for informational and educational purposes only and should not be construed as investment advice, a recommendation, or an offer to buy or sell any securities. The views expressed are those of Cro Capital and are subject to change at any time without notice. While we strive to ensure accuracy, we make no representations or warranties as to the completeness or reliability of the content. Always do your own research and consult with a licensed financial advisor before making any investment decisions. Investing involves risk, including the potential loss of principal.