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🟡 DAILY RIP LIVE - HOSTED BY KATIE PERRY AND BEN CAHN
Recorded: April 1, 2025 Duration: 1:02:59Space Recording
Short Summary
The discussion highlights various trends and shifts in the market, including declines in Tesla's projected performance and travel industry spending, as well as potential growth opportunities for Rivian and Tesla. Public sentiment trends are also noted, with discussions on media influence and desensitization to negative news.
Full Transcription
so Thank you. Thank you. Did you sleep well? I slept quite well. Actually, my dog has a hot spot on his tail currently
what's a hot spot sleeping it's uh it's they chew too much and he's got a little open sore
and he otherwise has to wear a cone but not when he's sleeping in the room with me so I love a dog
and a cone I love it he really doesn't like it oh well that's okay how old is he hey don't stop doing
that he's doing it right now he's chewing on his tail he's two doug doug come on man uh well happy
tuesday everyone happy april fool's day the joke is obviously that ben is here uh in for shy jokes
on you everyone uh but yeah ben we've never met i feel like we've we've I saw you in a
Mack Weldon ad so I feel like I know you on an intimate level that's very
funny do you have a code to drop for that or anything or you want to shout
out no no code apparently it's airing all over all still all over for the last
couple months yeah I was about it who's that guy with a
giant head and i'm like oh he's the guy with the big head and the awkward physical movements it's
it's ben from ben and emile are you sad that emile's not here and i'm here no it's nice to
have a bit of a break okay i feel like emile and i kind of look similar i feel like we'd be siblings
Emil and I kind of look similar. I feel like we'd be siblings.
I totally disagree.
We both have like curly dark hair.
Yeah. And he's I'm assuming Italian.
Yeah. He good assumption. You're Italian.
Yes. Well, 40%. Did you do 23 and me? Do you know what your what's your mix?
Me? I'm Ashkenazi Jew. Nice.
Half. It's Poland, Austria. i'm ashkenazi jew nice um half and it's poland austria and i just found out a little bit of
romanian just european jew and then the other half is uh like finnish and a little british and irish
british uh yeah and also i didn't mean to put i didn't mean to put you on the spot there but
like someone's gonna have your data anyway so yeah i really don't care actually i'm the same whatever do
do what you will with it uh you know i don't know what weirdness is gonna happen i'm always like you
know what i'm i know i'm not gonna commit a heinous crime and if someone in my orbit does like that's
on them so that's pretty bold of you you're assuming no crimes of passion
in the future oh well we'll see we will definitely see about that um well yesterday was interesting
i'm curious what you think ben because i you know we did the morning show everything was in the red
it was like i was freaking out i like turned away for two seconds to like go work on some of my regular job.
Apparently Jim Cramer had been like, nobody buy anything.
And then everything started ripping.
So what, what was your read on what went down yesterday?
I think that after Friday's dismal close, a gap down was not so much expected, but if
there was to be a gap down, I was talking to a couple trader
friends. Huge shout out to Brian Lund, friend of StockTwits, longtime user, great guy. He was
speculating, and I agreed with him, that any kind of gap down might result in a bit of a relief rally.
in a bit of a relief rally.
And sure enough, he called it, and I wasn't too surprised.
I played it a little bit myself, but it took me a while
to actually jump on board.
I waited for the red to green move before I bought some calls.
I bought some weeklies, and then I bought some same-day expiration ones for today.
I just feel bad for Jim Cramer.
I mean, he's fine.
He's a gazillionaire, but he's got to know that he's a joke to a lot of traders, right?
I'll be a joke for that much money.
Whatever.
You can make fun of me all you want.
You can make an inverse ETF.
Yeah.
Sheesh.
He owns restaurants.
Yeah, it's fine. It's just funny. He owns restaurants uh yeah he's it's fine uh it's just funny yeah i it's creepy that i know
that actually um what does he own i don't know like some italian restaurant in brooklyn because
he was tweeting about it and i was like maybe i'll go to jim kramer's italian restaurant i never went
that would have been weird i would love that i bet he's a good hang too he seems like yeah
yeah he gets too much shit i think he's looking really spry
lately though I feel like he's been cycling or something you know what I mean yeah he's wiry
I mean he's he's an old man he's got his I I'd rather him be wiry than than a little overweight
concerned so what's your okay so thinking about today you're obviously not gonna follow it Jim
Kramer does but what what do, what's the plan for today?
You know, after opening Bell, what moves you got up your sleeve?
I am eager to see, I'm kind of anticipating an inside day,
inside of yesterday's bar, perhaps.
I think that with Liberation Day coming tomorrow,
there's so much bad baked in.
Everybody is assuming the absolute worst
that anything even less than the worst thing possible,
I think could result in everybody just kind of collectively going,
oh, that's it.
And then, yeah.
So if it's not that bad tomorrow, you think that'll be like, let's go.
We're moving on.
I think it's possible for another retest of the 200-day moving average across the board.
We are back below the five-day simple moving average, which I know Brian Shannon, another friend of StockTwits,
has harped on as being a crucial near-term resistance to get back over, and currently
that's sitting just below 569 on the SPY, so I think it's possible that we regain that,
and I surely would like to see that. I mean, everybody stepped in yesterday at, Bulls at least,
at that recent low from March 13th, so that was good.
And looking at the weekly chart, I think that there's room to rally.
I think that there's room to try to retest last Wednesday's high.
I think that it's possible that we rally straight back up to last week's high. I think that it's possible that we rally straight back up to like last week's
high.
Right.
Well,
we'll see.
I think he,
is he doing this announcement?
Like at the Rose garden or something weird?
Like everything's gotta be a fricking,
a dramatic showing.
I don't,
I don't,
I don't have the mental bandwidth and I know even his most diehard supporters at this point have exhaustion from this administration.
It's exhausting.
Oh, I have to point out also, the volume yesterday was really, really nice to see paired with that candle.
A lot of buyers stepped in.
That's what you want to see at a kind of capitulative low.
Okay.
So you'll be watching that one today as well.
Yeah.
As we head towards Liberation Day.
Yeah, and did Tesla...
Isn't Tesla due to put out their delivery numbers?
I think they may have, because it's up.
Tesla delivery. Let's see. it's up a little bit right now
key delivery data oh you know what i'm not logging in i'm not logged into barons i love
you barons i actually pay for barons i hate when that happens when i'm in the wrong browser
you pay for barons of all services i yeah i like run my own business so I can write these off.
And I'm also the worst at subscriptions.
I have Paramount Plus for some godforsaken reason. I think I was going to watch the Harrison Ford Western.
I got to shut that off.
I'm such a cheap bastard.
I will not hesitate to spend, I don't know know $100 at the grocery store
well because that's essentials but
I love these little
sumo oranges
that are literally like $2 each
I will buy those without hesitation
are those the ones that
have like the cleanest peel
ever yeah
they're ugly as all get out
you look at that and you go that orange probably
tastes like shit but then you peel that thing peels like a dream tastes like a dream so it's
exactly how an orange should taste amazing you really nailed it this episode is sponsored by
oranges um while you were while you were in your weird orange tangent, I was looking up.
So the Tesla deliveries are coming tomorrow, Wednesday.
Analysts are projecting the lowest quarterly performance in more than two years.
So I don't know what's going on with Tesla right now.
I don't know.
Now, that gives us, I think, a tradable edge.
think a tradable edge because with everything in the news about elon musk and every tim wall's
gloating at i mean we now know that tim wall's kind of called the bottom because he was boasting
about uh enjoying seeing tesla stock drop every day uh that's a tradable low in my opinion. And since everything is now priced
for the absolute worst possible numbers,
anything less than the worst possible numbers,
I think results, excuse me,
quite a squeeze on Tesla as well.
So you make in moves now or are you waiting?
Yeah, I already have some weekly 270 calls in anticipation of that so
all right i know you like love elon musk personally so it must be very fun for you to follow this
company oh yeah i'm a huge huge muskhead i think that he's so special and what he's doing is very brave and i wish people would just give him a break because
he's sacrificing look he's sacrificing his life he's sacrificing his company his reputation
and people need to be nicer to him yeah i mean i believe i know it's fake i believe that he cried in the oval i fully
you know you could just tell when someone's especially as a woman you could tell when a man's
a crier like i could tell you're a crier i could tell and that's okay that wasn't even acting that
was real i cry but i cry at man things like when when when you have to put down a dog oh god it's like it's not even it's not even 9 30 in the
morning i don't think about that that's not that's not ben um i do want to ask you actually
because i i know a little bit about your lore like i was not familiar with your game i'm not
gonna lie i'm not like a 25 year old guy in la so didn't know who you were um but i heard you were you did the vine thing
did you see this news that with the merger of x and xai vine might be back and if so
would you go back to vine where it all began um i think that it's
i don't like that i think that it had its time. There was an opportunity
years ago to revive it and it just came and went. I think that people,
the people who were like, oh my god, bring Vine back, they're yearning for, they're yearning for
They're yearning for, they're yearning for.
Bygone era.
You can't go back.
Bygone era.
You can't recreate that.
It was, it had its time.
It laid the foundation for what would, for what TikTok would become.
Even if it was still around, it never would have reached the level of popularity that that that tiktok has it it it just was the features and stuff and the
the um the global reach of tiktok there's no chance in hell that it would be able to
achieve the same kind of um uh just the scope of it it's just unattainable and it's
you know if it were to come back,
yeah, people would dick around with it, but it would just be a novelty at this point. It would
just be, Oh man, remember, remember the, it's a, it's a, remember the nineties type thing at this
point? Like, Oh man, remember teenage mutant Ninja turtles? Remember fruit by the foot? Like,
yeah. But that was also the period
so i was working at like a digital marketing agency at the time i remember like vine was
popping off and then all of a sudden it's like okay like what's mondelez's vine strategy i'm
like oh this is over this is like if vine existed now you'd have like gavin newsom making vines
it's like people i don't know like we can't have nice things uh so yeah
if it comes back you're like no i'm done i'm out i'm a podcast bro now that's what i do i mean i
first of all i do not identify as a podcast bro i identify you that way i am a podcast professional
i don't know you're a mac weldon model is what you are. I, I don't call myself,
like, even when I, when I refer to myself as, as a trader, I do not identify as a trader.
I do stock trading. Okay. I do a podcast. You transcend labels, what you're saying. Yeah. I
transcend labels. I am me, you know, even I'm a single guy when I'm dating out there in the world in Los Angeles.
And yeah, I am not defined by the things that I do.
Okay.
You're not defined by your failed dating history is what I heard from that.
I'm defined by that.
I'm defined by my terrible fashion sense.
Yeah. All right.
I really need to update my closet, actually. I have very little good clothes. Yeah.
Well, anyway, all that's to say, I don't think that mine's coming back. I think that if anything, it's just another thing for elon musk to point at like
look what i did i brought back the thing that everybody loved yeah right totally well tick tock
supposedly going away in five days so i don't know no one's talking about that so that deadline's
looming um but i want to shift gears a little quick because there was a there was a crazy ipo
yesterday and it's funny because it was Newsmax
everyone's yeah I was just on their website I think we have an image of it it's like graphic
design is not their passion or their strong suit um but uh there's like 11 fonts uh I actually read
the S1 on Sunday night just you know for shits and giggles um and like they're they're growing like
crazy but this one this went off yesterday did you follow this as it was going going down i'm
up i should say myself because i didn't even know that it had happened i don't know how it did not come across my radar. I didn't see it. I would have
bought it because, yeah, IPO'd at $10. I think that, oh God, so it peaked at a $9 billion valuation,
meaning that, what, it debuted at a couple billion? Or one billion?
Less than a billion?
I would have, oh, God.
I've been following, I remember when Newsmax premiered,
or whatever you would call it, however many years ago,
I listened to LA Talk Radio.
And this particular station has afternoon conservative shows,
and they've been talking about Newsmax, and I just have been watching it ascend,
and I know that it's the natural kind of, not successor to Fox News,
but it is right up there with it for the conservative audience conservative audiences and with trump in office it just
it makes sense and i'm i'm so upset that i missed that i congratulations to anybody who bought it um
you think that it's gonna come back down to earth here pretty soon yeah naturally something like
that that ipos at that i mean, it could go to $200.
I mean, $9 billion isn't that crazy for such a name.
It'll be fun to short, but I don't think that I'll be able to borrow shares, actually, now that I think about it.
Newsmax is one, it's interesting, like, I feel like the more extreme, either direction, really, a TV station is,
the more saturated the people are and they're
very saturated on that channel yeah there's there's a lot of orange tones there's a lot
of tangerine it's very bright airy it's you know maybe that's what it is that's the appeal uh but
it's tough to be in the media business right now and I think you see it's the game is you can't there's so much uh stratification of people's
belief systems that your best bet is to just go in hard in one area and win that audience and
sell a ton of my pillows because if you try to do anything in the mass market you're gonna piss
people off either way um yeah but you think fox should be scared of these guys uh no i think that there's
room for i think that there's room for uh multiple conservative outlets i think that um especially
i mean this is nothing new but we've been seeing a lot of conservative kind of responses to liberal leaning.
I mean, you've got Rumble and Kick,
which are like the rights answer to YouTube and like liberal streaming services.
What's another one?
You got like the Happy Dad happy dad seltzers and uh freedom
there was that guy who started like what happy dad seltzer you don't know about happy dad the
hell's going on in la it's not even uh i don't know if they're based out of la but i just clicked
i'm not 21 i can't even see that yeah there's there's
all that's to say there's a major there's a major opportunity for if you can create i'm sorry i'm
sorry to cut you off what is the death row collab that's not real maybe death row records death row
records yeah sorry keep going that's not real there's there's just if i think that if you are
an enterprising young man or woman uh there's a huge opportunity to create any kind of conservative
alternative to uh to any kind of anything yeah so this is happy dad's a conservative hard seltzer company am i
following it's like uh it's like a kind of if you know you know like looking at the website you
wouldn't assume that it's conservative but it's i believe it's owned by those uh do you know who the
nelk boys are oh god unfortunately yes no offense if you're friends with them I know you're in the scene yeah it's there I believe it's owned by them interesting yeah they're
always doing collaborations with you know the Tate brothers and and stuff like
that it's definitely a interesting all right check out the happy dad death row
collab looks like it's a limited edition drop synaptic in the chat they talk
about themselves more they talk about stocks.
So I'm sorry, man.
Tell us what you want to talk about.
We have a whole list, though.
We'll go back in deep into the markets.
I know there's a lot going on.
Apologize.
I've never met Ben, so we're just, you know, we're hanging.
We're getting to know each other.
Yeah, relax, man.
It's free market.
We can talk about whatever we want.
Tell us what stocks you want us to talk about, sir?
Whenever I ask that, I always wish I didn't ask it.
But let's see.
Let's see.
I didn't mean to call you out also.
We appreciate your viewership and your patronage.
Oh, yeah, of course.
Well, let's talk about Rocket Companies.
So Rocket Companies is on an M&A spree.
They just bought Mr. Cooper Group for $9.4 billion all stock. They service one in six
U.S. mortgages. Saw this one popping. I saw Mr. Cooper popping on what's trending and stocked with
yesterday. I'm like, what the hell is that company? I'd never heard of it in my life. Coop is the
ticker symbol. Yeah. Yeah. Wow. Holy, holy cannoli. Yeah. So I know there's a lot of uh if you go to the better page a lot of
those uh those investors are like when are we gonna get bought so no I I follow and really
like uh this guy's citrini and he put out a big thing over the weekend about the coming recession,. Basically, the top 10% wealthiest
top 10% wealthiest Americans account for 50% of all discretionary spending um the the the play that he's leaning into is uh the companies
and stocks that cater to those top 10 are probably the ones that make will make for the best shorts
so i mean he's got an entire list but there's like ferrari symbol race i mean they're valued at 80 billion dollars um
duolingo is one because lingo is a top i guess that is like uh who has time um well and and
if if we are setting up for a recession it stands to reason that people are gonna the first thing
that they're gonna tighten their belt on is superfluous
subscription things like that. Uh, there's that Spotify could be another,
but anyway, he talks about how some of the,
some of the names like, uh, this better home and finance holding company that
this better home and finance holding company that caters, I guess,
caters, I guess,
I believe caters to the lower middle to lower income, um,
mortgage, uh, mortgage buyers could be one that stands to benefit from,
um, from a coming recession.
But anyway, his whole thing is that it's kind of an Ouroboros.
It's a snake eating
its own tail in that as asset prices, as stocks drop in that top 10% wealthiest cohort, because
so much of their assets are in equities, as equities drop, hey, their bank accounts start
to drop in kind, meaning that they're going to start
tightening their belts and it can be kind of, it can potentially become this self-fulfilling thing
that as stocks drop, it can be a stock driven recession instead of the other way around.
Yeah. I caught that headline too. That blew my mind. I mean, i guess it makes sense but um yeah there's just a lot of like you said
superfluous spending that's concentrated in this one band and you're right if they start to see
numbers going down in this account over here they might be like oh you know what i don't need to
learn bulgarian like sorry uh but yeah i think that's it's fascinating to think about and i think we had uh lululemon you big
lulu guy over there ben uh no oh man yeah that thing's uh geez that's almost that's down what
like 30 over the last uh couple months yeah they uh they had very muted guidance um i don't know
though with them it's like i guess yes their consumers are right in that
bucket that you were just talking about but also they're kind of getting their lunch eaten by like
aloe and some of the others. I feel like these these athleisure brands kind of flip through
in popularity over time and like their their time is coming perhaps maybe not um but yeah they're going through it right now
nike's another one that's been in a consistent downtrend yep williams sonoma is another one
that's a big oh that's a great top that's a great top 10 stock that's like i feel like that's like
the poster art yeah restoration hardware is another i mean they're down from they're reporting did
they report yesterday they're reporting this week um i'm showing tomorrow okay yeah so that that's
gonna be a good one they've dropped about uh 200 points as well from a high of like just about 460.
uh i'm actually short duolingo just common common shares, which is rare for me.
I'm short some Ferrari.
I'm short some Spotify.
I mean, even though I just said that it's likely that people start to tighten their belts in these subscription things,
there's also something to be said for the fact that you know
you're not paying that much per month and if you are starting to tighten your belt across the board
maybe you do keep some of the i mean i'm not gonna end my spotify subscription because of anything
that's how are you gonna listen to yourself yeah and people people like to keep their
entertainment going yeah um also just the stickiness
of the product is the beauty of the subscription and like we can get into like what robin hood's
doing with their subscription but it's a hell of a lot easier to just not drop a bag at lululemon
than it is to untie and like untangle especially now it's like hulu plus Spotify plus Disney. Like it's like a mess.
And I think that's the subscription is that's the beauty of that business.
It's kind of a pain in the ass to get off of those.
It is.
Booking.com is another one that I think is due for a big potential pullback.
And it's due to a lot of things.
If everybody's anticipating a recession,
people are already in surveys and the data is already showing that,
that, I mean, Airbnb bookings are down.
Airbnb itself has had quite a drop.
I was just going to ask you about them i mean even just
i saw some data from airbnb actually uh it's a little more granular but uh i guess bookings
from canadians visiting america is down like 70%.
Yeah.
Because obviously of the tensions between the two countries,
but yeah, if everybody's,
everybody is openly cutting back on spending,
travel's one of the big ones.
And then domestically,
it's, I don't know if you can really attribute it to this but
you know there's the fear around the safety of flying recently yeah but i don't know that
anybody's actually stopping themselves from going anywhere because they're actually afraid of a plane
crash i think that that's just sensationalist kind of headlines about oh it's pretty dangerous out
there are all these plane crashes like Like, anybody actually not taking that flight because of that? I don't think so. But I do think
that with people's fear of losing their jobs or just everything happening, travel is going to be
one of the immediate things that, wow, News is at 130 right now how's your fomo
are you are you feeling the fever the newsmax fever i mean something like this that's such
crazy foam i i don't have fomo on that i'm just like well i missed that i wonder if there's like
an adjacent alt coin that someone has made newsmax coin like you know this is going to happen now
there's going to be these like derivative meme was that on my end sorry no that's the opening
bell that's the little stock market opening it has that bell okay yeah here we go tesla's up so far we like that um
oh boy oh boy uh my my ferrari is squeezing up a little bit but that's okay okay how's your dog's
tail he's fine he's he's having a little schluff behind me sleepy okay uh all right so yeah so
we're gonna we're gonna see what happens here but there's some other headlines uh we can pop
through one of them while we're kind of waiting for things to settle out did you see that hooters
declared bankruptcy did you see this oh my god he froze that's the worst
that is the worst possible time to freeze I can't talk about this one by myself
are you back oh my god I was gonna have to go on and on about this you're back you froze for a
second I was like I have nothing to say about this
Hooters um following this one at all it's yeah I've been following that a little bit it they're not gonna go anywhere they're gonna restructure it's a chapter 11 I think yeah there's
gotta yeah I think some of these I mean they have their own stick uh but some of these i think these this is a pocket too of the market
not the top 10 but like just like uh you know spending you don't need to be spending and now
like i grew up going to chilies and stuff now you go there and it's like 30 bucks for a salad it's
like this is chilies what are we doing um speaking of restaurants i think DoorDash could be, that's one that I'm thinking about
getting short, but then I'm like, is that one that people would cut back on if they,
if they are trying to tighten their belts, would they start cooking at home?
Or actually, would it be the opposite where it's like, they're so depressed, they're at
home, they're just like, screw it, I'll put it on the credit card you know yeah I mean well I my perspective I can go to the store and
buy ingredients for dinner or I can Uber Eats or DoorDash and it's basically the same I'm sure if
I planned better I'm not a good planner um but I'm curious about like DoorDash regionally is
that more popular in LA because in New, everyone just uses Uber Eats.
At least my friend group.
I used, I remember a lot of people using Caviar in New York.
Oh, that's a throwback.
They're not, they cannot be around anymore.
They are, they are still around.
I think they might, I want to say they got bought out by someone, but.
Maybe like American Express or something.
I used DoorDash in part because there was a promotion between them and american express for a while and it got me in so i i use it i like it i use it for
i usually order pickups so that i'm not incurring the delivery fee and the tip
and all that stuff but oh savvy look at you yeah there's that what what else was i gonna
potentially short?
Yeah, I had Williams-Sonoma. Oh, you know what? You could get long.
Dollar General, Dollar Tree. These are ones that have already kind of been beaten up.
And again, if people are going to be tightening their belts, they might.
belts they might in as much as walmart last quarter said they're starting to see a shift
from higher income earners start to shop they're starting to tighten their belts they're they're
they're lowering themselves to shopping at walmart i think that you could see a similar thing uh with
dollar tree and dollar general what do you think of costco i feel like rich people love costco rich people do love costco that is another one that could be a short i think
as people are like do i need to be spending however much money it's another subscription
though you know you're already a member yeah that's how they get you but it's pretty cheap
it's like 80 bucks a year or something like that.
Okay.
Yeah, but it's like one of those things.
Celsius is up 3%.
Let's see what's going on with that one.
Are you a big Celsius drinker?
That was like a really sad note.
Did something happen?
No, I just regret.
When it first was popping off in like 2020, I thought that it was,
I didn't know what celsius
was yeah and i thought that it was just another like penny stock essentially and i thought you
know i've seen enough penny stocks in my day where they have a real product and it's a real thing but
um i just i just ignored it and i yeah to my own demise because yeah it's
i just i just ignored it and i yeah to my own demise because yeah it's well according to uh
why it's trending the the acquisition of alani new went through obviously there was a flurry of
beverage acquisitions you had poppy um i didn't i didn't know what alani knew was i guess it's
i didn't know either it's a women's version of sales, which is weird. It's energy drink. I don't know how to gender that, but that's popping.
Let's see what else is making moves here.
PVH up 17%.
That's the parent company of Tommy.
That's the parent company of Tommy Hilfiger, Calvin Klein.
They must have had.
That's surprising.
They must have outperformed yeah they surpassed q4
targets the 90s are back ralph loren ticker symbol rl that could be another one to potentially look
at getting short i could short newsmax right now but it would cost me a dollar 65 per share that is too much okay i don't well should
i do it katy perry i think you should do it i think you should do it right now yeah i mean
i could see it which can i ask what trading platform you use are you not allowed to say
because you're affiliated i use something called sterling lightpeed. What? What is that?
It's a professional.
It's a professional ass.
Why do you like it?
Would you ever switch to the Robin Hood professional version?
No, because I trade at a prop firm.
And this is the software that they need to to use because that's the only one that they
that they work with so okay interesting yeah I thought that explanation was gonna be more
interesting than it was so no that's it I'm very I used to work at a brokerage I worked at
public.com which compete what was like a robin hood competitor still is smaller but yeah um
so yeah i saw muumuu sponsors your other pod right yeah i know people at muumuu um yeah i got nervous
because i was watching one show and you mentioned compliance and you said glenn but you must have
been talking about your company and you're like ripIP Glenn and Glenn was the compliance guy at public
who went to Moomoo and I was like oh my God is Glenn okay I like Googled it he's fine so you're
talking about a different Glenn no I think it's it's got to be the same Glenn he worked at public
Glenn Stifleman he's still at Moomoo yeah oh I meant RIP because he used to work at my prop firm.
And he had to.
He was a compliance guy there.
And he had to make sure that I was compliant every week for the podcast.
So he had to work with you every episode.
So I would give him a shout out.
Amazing.
Okay, I'm glad he's okay.
Jesus.
He's totally fine. He's yeah he used to he I told him I
liked the Allman Brothers and you'd like send me YouTube clips of the Allman Brothers it's like
very wholesome let's check back in and where we're looking at in the major indices down a
little bit in the Dow Jones minus 0.5 percent S&P minus 0..4 nasdaq down a bit uh vix anything standing out uh to you ben
in this moment yeah we've got the inside day setting up so far i think that today's range
is going to be very very limited um and i think that the vix will probably end up going red on the day. I think everybody's just kind of, we're just kind of consolidating, going sideways from yesterday's move, which makes sense because usually big this, you tend to see a little bit of sideways action and everybody's digesting the previous day's big price action.
And I think, yeah, everybody's just waiting with bated breath for this for tomorrow's big day.
Yeah, I just I just want it to be over.
I just want I just want there to be a clear like, okay, we know one way or the other.
I feel like it's not, we're not going to, I feel like we're not going to get that.
I could be wrong.
No, I agree with you.
I think we're not going to get that.
Oh, would you look at that?
Newsmax has halted.
Oh, we haven't seen, that hasn't happened in a little bit, right?
Newsmax halting?
No, just like anything noteworthy halting
i haven't i feel like that's that hasn't been a thing lately for sure um it's already yeah it's
squeezed out a little more to 135. i think that it could go to 180 or 200. um i think people like
myself that's why i stopped myself i was like should i short this no it's gonna it's got more to go oh man who would have who would have thunk that yeah i guess you got these so
i'm curious ben because like uh you do day trading but are you like in terms of like when shai's on
he's got his like roster of like he will like jump in front of a bus for these stocks do you have any like
companies you're very like high conviction about or are you mostly in the you know the day-to-day
um no feelings just transactions i'm mostly in the day-to-day no feelings just transactions
but i currently like my three favorite stocks are i do like reddit even though it kind of recently got
beat down there were headlines about their daily it was either their daily or monthly active user
numbers have dropped a little bit or are not growing as fast as the market was anticipating.
And then there was stuff about advertising money not coming as,
not being as strong, like across the board.
Yeah.
But I think that the stock price has already reflected that.
It's been cut in half from that all-time high at $225.
So I think that a lot of it is baked in in another instance of, well, if whatever numbers
end up coming out aren't as bad as it's priced for total, in as much as the stock can be
priced for perfection, this one is now currently priced for utter failure. And anything less
than that, I think that they're going
to figure it out they still have a lot of uh they're just starting to make a push internationally
they're using ai to translate into other languages to push into these other countries
they're just starting to kind of figure out better ways to monetize the platform.
And I think that it's still pretty early for them.
I think that they'll figure it out.
And it's, oh no, is it time to, is Reddit down?
Did Reddit just go down?
That would be fine.
Breaking news.
You heard it here.
No, it's up for me.
It's up.
Okay.
We might be having Wi-Fi issues on the back end.
There's that. I really like this and I'm down on it pretty big right now, actually.
It's called Chart Industries.
They are a natural gas play.
Okay.
And they, for the last several years, have just been putting out beat after beat, quarter after quarter.
And I really like them. I like the chart, too, quarter after quarter. And I really like them.
I like the chart too, especially the weekly.
They've just been really consolidating
in this big years long sideways move.
And natural gas prices are soaring.
And I just think that it's one that's got a lot of room to grow.
But maybe there's something that I don't know.
You do have some favorites in there.
Yeah, and then my biggest favorite, sorry.
Okay, go for it.
The one that I am heaviest on.
They are called Arcutis Biotherapeutics.
The ticker symbol is A-R-Q-T.
Okay.
And they make this, they've got this product that recently was greenlit by the, or approved by the FDA.
It's called Zorive.
And it's a topical, they've got a foam, they've got a gel.
they've got a foam, they've got a gel, uh, and it's prescribed for seborrheic dermatitis,
which is dandruff, which was prescribed for me. I know that that's very attractive to everybody
out there, but your boy has some dry skin on the scalp that persists. And it's like,
I'll just start from the beginning. It was suggested to me this product last year by my
dermatologist because I was going back again going, I still have dry scalp. And the dermatologist
said, well, there's this new product I could prescribe for you. It's this foam. And it's
supposed to be like, it's not a cure because there's, there is no cure for dandruff, but it's supposed to be like a miracle treatment if you want to try that.
And I was like, nah, I don't want to. It sounds whatever.
And then a couple months later, I was so frustrated. I said, you know what? Screw it. Let me try it.
And it worked like gangbusters. It was incredible.
like gangbusters it was incredible then i went on to reddit to see if people were if other people
were talking about it and sure enough all over reddit on the there's like a you know dandruff
subreddit what's that like what's that like yeah what's what's like depressing and it's a lot of
people just posting photos of their scalp saying is this dandruff and it's like
yeah but um everybody i would say 90 of people had the same experience like just elation of
nothing has worked for years this has finally like cleared up my scalp oh my god oh my god
that made me buy it right then and there that wow but then i learned that
it is also recently approved for treating uh eczema and psoriasis which are two famously
difficult things to treat again no cure and what is currently used to treat these things
is topical steroids and topical steroids come with all sorts
of nasty undesirable side effects thinning of the skin and all sorts of stuff and they also
don't work very well sometimes um but this stuff is again like i went on the eczema subreddit i
went on the psoriasis and the people who have used this are like,
I have no idea how I went this long without this product.
And the...
You're going to clip this and turn it into an ad.
The total addressable market also for this is massive.
Very high.
I think every year, I think the figure is something like 17 million.
There are 17 million prescriptions for topical steroids for eczema and psoriasis out there,
which represents a massive opportunity for them as people want an alternative to topical steroids.
And just one last thing, anecdotally, our former producer for our podcast
a few like a month ago, if you if you actually go on to my stock twits, it should be my most
recent post. Benjo is my username on there. He had a massive sores on his hand he has eczema on his hand and he came in one day and was complaining
about how it was there it is it was so bad that's the before and i said here use my phone and that's
a week later wow hit it right up and he said this is like better than anything i've ever used before
i mean i like this i like this anecdote because I think we're like, a lot of times
we're talking about companies that are solving like,
like agentic AI and like AGI.
And like, sometimes there's just products that fricking work.
And those could be good investment opportunities.
And you wouldn't, I was gonna ask you
how you discovered this.
You were a consumer, it looks like um and also when you said the name i was like wondering if it was
like an early stage biotech but looks like this is in in the market um adjacent to this do you have
any thoughts on hymns yeah uh another one that i'm ticked off that I didn't, I owned a bunch of it in the teens, and I wish that I had held on to it.
Men do be losing their hair.
Men do be having weak boners.
And they, clearly, I don't have either of these issues.
But, you know, their branding is ingenious the the way that they've taken
the whole generic but with good branding um avenue it's just would i buy the dip here i don't know
because i don't know this i haven't been following it and i know that a big reason that it kind of
dropped from the highs was that the ozempic shortage has kind of been resolved and yeah big part of why they're
going up but that doesn't even though you talk about a Tam in that one have you thought
about like I was thinking how do you pick winners in that space because there's like
multiple players the Tam is huge you just it's not going to be winner take all right there's just going to be
I just don't see I feel like we're so early in the adoption of these products I mean you're in LA
I think that I just think that the big money has already been made I mean Novo Nordisk had been on
its hair for the last couple years and um And I mean, yeah, let's see.
What's their five?
I mean, yeah.
I mean, they tripled.
But I think at this point, yeah, it's already kind of baked in.
And from here, it'll just be, okay, how much more money are they actually making?
What are the economics what their margins
and stuff it's no longer driven by the headlines it's no longer driven the these stock moves are
no longer driven by um by yeah the flashy headlines about how many people are on glp ones
it's kind of old news we all know we all know that it's like a miracle thing and it's now kind of a wait and see for the the
long duration of how long people are going to be on them how many more people are going to be
prescribed them how much money these companies make and yeah the competition i think that hymns
they're because even though yeah they don't have the ozempic brand name i don't know that that's
going to matter going forward no i i know people are like i'll be in a lot of people on like the
off brand it's like not even like ozempic's almost like the basic one now yeah if it's the
if it's just as good then i think that it fine. And people are going to go to what's, especially if people have bad insurance or no insurance,
it's easier to just go through a company like HIMSS where you can get it for, excuse me,
you can get it off label for way, way, way cheaper.
Yeah.
And that goes for the hair stuff and the sex pills too. But yeah, I think the thing I do
think about the Ozempic though, is like, if you go, if you stop taking it, you go back to where
you were. And I think about businesses like this that are like innately, they're like addictive,
energy drinks, cigarette, like that, that is tough. Once you're on that train and you're a customer
that is a hard train to get off of if it's like true fundamentally changing your life um
did you see this comment ben in the no tell me somebody in the youtube chat wants you to say
poop did wait did i just fall for an april fool's joke i don't know but i'm not
gonna say i'm not i think i did yeah oh every freaking uh no i get i get suckered all that's
why i just don't read the chat and i i have somebody else tell me if something has popped up
that that needs to be addressed.
Okay.
I don't know why someone would.
Oh, is that because you went on that rant about that dog in your neighborhood?
Probably.
Yeah, I'm really mad. There's some scoundrel out there in my neighborhood who doesn't clean up after their dog, and it's a big dog.
Oh, would you look at that?
The Vicks went red.
All right. Not going to say i called it but interesting that's why
back to bed for you all in a day's work already up um i'm i'm eagerly anticipating these tesla
numbers though i tell you i think that that's going to be very, very fun.
You think it's good?
What's your prediction?
My prediction is that it's going to spike.
I think it could go to 300 because we've reached peak inflection of normies talking about the stock price.
And when you reach that point, it's more than likely that the bottom is in. And that's not any kind of
endorsement of Elon Musk or the company or anything. I just think that when it has been
priced for the total opposite of perfection, anything slightly better than terrible, terrible
numbers is going to result. Well, I guess that's my question to you then because
I I get that like you're talking about the share price I'm thinking like the last few months of
this company's trajectory and could isn't in the realm of possibility that could be horrible the
delivery numbers yeah I mean if it if the numbers are horrible, horrible, then yeah, it drops 20%.
So you're saying if it's even like quasi bad, but not the word, like it's going to be fine.
But like, because people are, people are anticipating a little bit of a hit.
Okay.
Because my, I'm curious from the other side of like the consumer perspective, I'm like,
all right, like how, how many of these people who said they were selling them are never going to buy again how
many of the conservative people who said they were going to buy them did um right like i that's
i think that's interesting to play out because you talked earlier about just like
polling and data and surveys and even the the surveys about canadians traveling to the u.s
this it's so funny because the the surveys say are like, oh, yeah, I'm not going.
And then, but the flight data, Air Canada released flight data.
And it's like, I don't know, it's down like 3%.
It's not great, but it's not awful.
So people will say things.
And we see this in the sentiment surveys.
They'll say things.
And then they'll act a completely different way.
I've got an anecdote.
Okay. and then they'll act a completely different way. Which is- I've got an anecdote.
Okay.
I know some people,
friend of a friend, this couple,
we all went out the other night
and they gave me a ride back to my car
and they had a brand new Tesla that they had just bought.
And I'm talking just bought in like February.
So, or maybe even just this last month but they said yeah the Elon Musk
stuff sucks and it's kind of embarrassing but we couldn't not with the price it was just too good
to pass up and we wanted a good car and we just kind of were like please don't be mad at us and
I said yeah I don't care good Good for you. You need a car.
You know, so I think that there's, yeah, there's something to be said for people saying one thing and doing another.
Also, with the news cycle the way it is, we, I feel like we are getting past the inflection point of peak Elon hate as it pertains to Tesla sales.
I think that people will calm down.
I think the main targets are people with cyber trucks.
Yeah, that's a whole other statement you're making.
The cyber truck is the big statement piece.
Yeah.
If you've got any other car, I think it's safe to assume that you're not some terrible person.
Not that if you own a cyber truck, you're a terrible person.
I think, yeah, I mean, that's debatable.
But I think that it's sensationalist headlines because it gets clicks.
And if you went just off the headlines you would assume that in la and new
york and big big markets san francisco that there are roving gangs of people with spray paint just
ready to tag up any tesla that they see no even in my super left-leaning uh area of los angeles
i see cyber trucks all the time and nobody's like standing on the street corner
flipping them off nobody they're not all getting tagged up yeah the real world continues to be
for the most part you know it's not what the headlines would have you think therefore uh yeah
if you think the deliveries will be okay i think that they'll just be a little
uh less underwhelming than the market they better because byd is coming in
hot yeah i mean boy those chinese men they yeah they're they're ripping um it's funny you brought
up the that anecdote though i have a little newsletter i write and tomorrow or thursday i'm writing about the like once like influx of news and bad news
about one topic over and over like psychologically it just desensitizes it becomes normal and i think
you hit on that with like we might be getting at peak musk hate pending you know whatever but you're right and then eventually
over time people kind of just like just get used to it like human beings just go on um so yeah it's
like how the psychological side of some of this stuff especially as products are being politicized
is very interesting to watch so we will definitely be looking for those delivery numbers Ben is there
anything else
this week that you have your eyes on i think like blackberry's reporting later i know you mentioned
restoration hardware what else what else do you have circled on your little notepad for the week
rivian delivery numbers also actually i really like the chart sitting up there
like the chart sitting up there um especially the weekly it is a very very sexy bottoming chart uh
oh boy yeah that is just as sexy as it gets and i think you're getting a lot of i mean
rivian is already in my opinion such a superior product to tesla uh also anecdotally um i think the build quality is much
much much better and it's got a pretty i mean they're gorgeous cars i see they're gorgeous
they're really they're really so ben they're so expensive they're like 2x right isn't there men
in the 2x what the lowest tesla is uh maybe that's i'm i'm for some reason
on like i live in new york i haven't driven a car in 10 years i'm on some rivian mailing list because
like i'm like yeah i signed up and they're like giving me updates of this car is going to be ready
and stuff and i'm just like it's like an 80 000 car yeah but it's it's beautiful beautiful design
Yeah. But it's beautiful, beautiful design. And if they start to show any inkling toward
eating Tesla's lunch, I think that they could see a nice squeeze. I think what is the short interest?
I want to say it's in the 20 or 30 percent. Let's see. Short interest, 16% according to Yahoo Finance. But yeah, I have some short
dated calls on that, some April 17th, and then I have some September calls. I think that
if it has a little bit of a breakout, it could be really fun. So yeah, that's what I'll be watching.
Okay, Rivian. Do you know what day that is um i don't know what
day i mean coming up tomorrow i would assume that ribbons are right around not too far behind all
right well keep a lookout for that and i know we're getting we're getting jobs numbers in a
couple days we're getting of course tomorrow is liberation day oh my god are you gonna take the day off of work
are you gonna how are you spending your liberation day ben uh i am um i'm gonna make fun of every
foreigner that i see to their face good luck with that you know should go well for you um yeah i
might yeah maybe i'll dress red white and blue i don't know it feels
kind of i don't know it feels french to me it feels les mis i feel like i'm gonna like
i feel like i need to like go sing with people and maybe i'll buy a gun maybe buy a gun and
just walk with it down the street i mean that's that i think that's the vibe that they're going
to get in the air.
Yeah.
Celebrate Liberation Day.
Don't do that.
You'll scare your dog and he already has the cone on.
You don't want to do that.
Poor guy.
He'll be okay.
He'll be okay. I don't know that he'll be okay.
I hope he's okay.
He'll be fine.
Well, Ben, this was hilarious and fun.
I'm glad we finally got to meet.
Yeah, same.
You have to have me on.
I want to do a guest spot on your
show now yeah that'd be fun so you got to let me know when you have like you need someone to come
in with some like hot takes drop me in for a segment you know no pressure but that would be
fun and i guess i'll see you in new york at the cash tag awards which you can buy tickets for and you should also vote for
all right uh ben thank you much thank you so much again and thank you everyone for tuning
in we will be back tomorrow and shy is back tomorrow at 9 a.m eastern and we'll see you next
time thanks katy perry
