On Thursday, the stock market rebounded, recovering most of the losses from the previous session. Easing geopolitical tensions and strong performance in technology and semiconductor stocks lifted investor sentiment.
Overall, S&P 500 increased 1.1% to 7,501, while NASDAQ rose 1.9% to 26,518.
Tweet of the Day
Don’t be scared of the multiples. When investing in disruptive technology, whatever numbers you see would only be representative of the bottom of the S curve. Meaning that if it is even slightly material to the revenue base, it is likely to be significantly material once it… https://t.co/7Qjk6iG5X9
— Jason’s Chips (@jasonschips) June 18, 2026
Chart of the Day
Here is the one-year chart of Enova (ENVA) as of June 12, 2026, when the stock was at $192.
Enova fits the mold of a stock in our Growth Portfolio as it has a combination of solid profit growht (30% last quarter) and a reasonable P/E of 12. Last quarter’s growth was driven by a 33% expansion in loan originations, which resulted in a 28% increase in the company’s loan portfolio. The small-business segment remained the key growth engine, with originations increasing 42% and receivables growing 39% year over year.
Management also emphasized the strategic importance of its pending acquisition of Grasshopper Bank, which is expected to close in the second half of 2026 and provide access to a lower-cost deposit funding base. The acquisition could strengthen Enova’s competitive position by improving funding efficiency, expanding distribution capabilities, and enhancing long-term profitability.
Looking ahead, management projects revenue growth of approximately 20% for the full year 2026.
ENVA is part of our Focus List and Growth Portfolio.
