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LIVE EARNINGS | STOCK MARKET TALK
Recorded: Feb. 26, 2026 Duration: 2:26:01Space Recording
Full Transcription
All right. Hello. What is up, everybody? That'll be an interesting intro when people come back on the start of this.
What is up? I was a minute late. That's okay. A little bit of a red day in the market.
I had Robinhood up there, and that stock was green, though.
But I know NVIDIA did a little bit of a reversal there. Stock is down 5%.
Maybe I'll even tweet that out here in a second.
My individual stock portfolio is down by 1.2% today.
Not horrible.
Not horrible.
I'm sure the ETF portfolio is going to be down by a little bit.
I'm seeing Meta up a tiny bit.
BM&R down at 2074.
I guess my dream is that it was at 30.
Uber's up a tiny bit.
Robinhood's up a tiny bit.
Mixed day.
I actually don't know what the ETS are going to look like.
My guess is slightly red.
Down by .6 on SPY would be my guess.
Wow.
That was a good guess.
I promised I didn't look.
SPY is down 0.6%.
And then we have QQQ, which is down 1.3%.
So that is kind of what we're seeing today.
Obviously, a lot of today's spent little reactions to those NVIDIA earnings from yesterday,
which were pretty solid.
Obviously, everybody knew that NVIDIA's earnings were going to be good.
But here we are today getting a reaction from them. The question was, what could they possibly do that would beat the market expectations? What could they possibly do that
comes in and does better than expected? And the answer was, not what they did last night,
and it was pretty great. So yeah, NVIDIA stock struggling a little today, down 5%, making the market a little
bit sluggish. There are some names that are working. Let's pull up the watch list, then
maybe we'll run through one or two of the stocks. And I see we got Mike, we got Sniper, we got some
of our other friends. I was taking a quick lookarnings. A lot of earnings today that people are going to be interested in.
Now, not too many big, huge, massive, wonderful, crazy names.
But there are a couple.
RocketLab, SoundHound, Dell, CoreWeave.
Shout out to our friends, LeverageShares, channel sponsors.
They actually have a 2x CoreWeave ETF.
If any of you guys are traders, 2X ETFs
have their own risks. You should know what you are getting into.
But there is a 2X
Core Weave ETF. CRWG
is that ticker.
CRWG.
Shout out to our friends.
Shout out to our friends over at Lover Shares.
Good partners of the stream.
We make a bunch of free content. People
like them allow us
to uh keep doing that i'm gonna keep moving on though shout out to them we also have duolingo
smr intuit mp materials xyz formerly known as square block whatever we want to call that
zscaler marathon a lot of names reporting earnings today after a close.
There were a couple of news stories that I found interesting.
For anyone who doesn't know Apple, Apple is now the largest defense company in the world.
There was a little story today that Apple's phones were approved to be used by NATO for kind of secure military-ish type purposes.
So, yeah, that story ended up coming out today.
Apple stock didn't really move off of it,
but it was a headline around Apple
maybe being able to be used for more military applications.
On the opposite side for Apple,
there was a story from Bloomberg research firm IDC
said the global smartphone market will contract by 12.9% in 2026 due to unprecedented memory chip shortage.
That is the wording that they used, but saying this research firm expects 13% less phones to be sold in 2026 due to all these chip shortages.
My assumption is this will not hit Apple, really, at all.
Maybe a tiny bit, but I don't think it will hit Apple at all.
There was the 30-year mortgage rate.
There are some variations around this,
but it fell below 6% for the first time since 2022.
I saw that headline out today.
We had Nano Banana 2. This is Google's faster vision, just unveiled a faster version of its AI image generation tool. I guess I'm trying to read too quickly. But Nano Banana, Google's image
generation tool. A lot of people liked it they came out with a
second one a updated version of it that was a story out today there was another story that
paypal and stripe are reportedly not in talks semaphore said that kind of refuting an article
that came out yesterday apple tim cook another story. He came out and said that, or basically teased an event that they have coming up on Monday of next week.
See, I thought it looked like a Mac.
People are thinking some other stuff, but Apple has an event coming up Monday-ish.
At least they're going to release some new stuff.
I don't know if it's necessarily an event.
That was really the news stories that I found interesting. There's a couple more stuff that ended up going on today, but that's the stuff that I want to start here and share.
I appreciate everyone for joining us. Let me know down in that bottom right some of the stuff that
you were watching. And yeah, get excited. Earnings, Stock Talk's moving moving today i don't know how much he will
be able to join us today but i'm sure he'll come in for some point and yeah i'm excited for this
stocks on spaces follow the speaker as always yeah let's get right into it what's up mike how
you doing i'm good yourself well cannot complain complain. Tell me what you're watching.
This mess of a market. After two nice days here, today, just out of nowhere, we got destroyed.
I don't really think it was off in video earnings. There was some headlines at the time.
They started selling beforehand, but it was somewhat of, we have this kind of back and forth with Iran that's not going particularly well.
It sounds like you have talks now that China is getting nervous about Trump coming.
They're not giving them specifics, and they may cancel on it.
I think all of that kind of going on here.
Let's talk about NVIDIA.
So, you know, yesterday and earlier this week, I said, you know,
I didn't know if NVIDIA's earnings were going to matter because it just seems like they want to
sell it anyway. That seems to be the case. If you look at that report, it was a fabulous report,
right? They beat the guide up on revenue was huge. Their margins were good and they guided
their margins up above 75%, which is unheard of. These are fantastic. If you're looking for negatives, I can come up with two things.
One was China.
They have no revenue from China.
They said they are not forecasting any, and they said this keeps going on.
There's going to be no reason for China to buy their H200 chips
as the competition over there is catching up quickly.
All right, so that's kind of a little dig here at the administration
and what's going on there.
The other was Gene Mussner came out, know he's usually pretty bullish on these things and he said you know a concern for him is he believes that 70 percent of all revenue from
nvidia comes from eight clients and we can pretty much probably name those eight right you know the
amazons the googles uh the metas of the world, the CoreWeave, right? All these kind of companies, Oracles.
So, you know, if these guys hit the brakes on spending, that's going to be very tough on NVIDIA.
I still think the reaction here today is not great. So I'm not trying to say that the reaction here is good.
It just seems like they just want to sell it no matter what.
Salesforce was a very mixed one, and so was snow, but both of them came back.
Salesforce, by the way,
highs of the day went green,
came back nicely after being down 5%.
Energy is strong today.
Crude had a big spike today, right?
And this is, again, I think the market is starting
to smell out a US attack of some kind.
Now what it's going to be or what it's not gonna be,
who knows, but it doesn't sound like these talks are going particularly well from an American point of view.
And, you know, so we'll see how this all kind of continues to play out here.
That said, you look at the markets themselves.
You know, today we could have broken out.
We could have said, OK, we're out of this funk.
We could have gone up and we did not.
We came up.
We got just shy of yesterday's high, reversed.
And, you know, we did not we came up we got just shy of yesterday's high reversed and
you know we did come off the lows so you know the good news is we we came out off the lows here we came back above the moving averages the 8 to 21 to 50. we did fill yesterday's gap up that's wiped
out the bad news is this nasty kind of choppy trade in this market just kind of continues and
it's wearing people out and you know you really want to keep your powder dry for when we finally get a move in one direction or the other.
That is more than a 15, 20 minute move.
Now, today's move down started off slow and then it got violent for about 20 minutes before all the sellers just evaporated.
And I think that's one of the things if you're trading during the day and you're day trading, you're like, you know, usually you get a move down.
You get a little bit of a bounce or reversal back up and then the sellers come back in and they push it lower or same thing to the upside.
Lately, it just seems like you get this push and it lasts and then it just dies up and that's it.
It's done.
And that makes things difficult.
The banks came back today.
They had a decent day holding in well, energy strong.
They didn't really go for safety names.
Bitcoin, no follow through today.
For some reason, hood's up.
Hood had a big volume candle around 1.30 this afternoon.
Not really sure what's going on there, but a nice big move there, and it's on highs of the day.
And it is above yesterday's high, and it's teasing that gap at 79.90.
So that's something you want to keep your eyes on until next week and tomorrow.
Tomorrow, the last trading day of February, really hard to believe.
And, you know, you look around out there, and most of the of the names just said nope i don't know what i want to do microsoft tried to pop
got to 407 before coming back amazon just never was in play today of all names meta is holding
in well today uh for whatever reason meta is very strong today it's still green on a sea of red it
got all the way up to the 100 day moving average at the 663 ish area and uh you know looking whatever bit like
it wants to try to break out of this funk which as a meta owner i would love to see but that said
i can't tell you i'm loving the action uh continue to you know trade around it today um didn't do a
lot of trading today honestly i think i made three trades and that's just because the action just
caught me you know off guard the way it was. What did I do today?
I caught hood with some stock, took a loss on some Palantir options, and I scalped some SPX puts when we got that moved down.
That made some really nice money.
And outside of that, I'm just kind of sitting here right now
trying to figure out where this market really wants to go,
and maybe it's just going to wait until next week.
What do we have tomorrow? Let's see.
I was looking at earnings, nothing. A couple
earnings after the close today, but nothing that's going to move the market.
We do have PPI.
We have data tomorrow morning. PPI is coming out
tomorrow morning. I don't think that's
going to be what moves the market.
I don't think the market cares about
inflation anymore. What's happening next week?
I think it does care a little bit about inflation.
Next week is a jobs week.
We have a U.S. employment report.
Next week is NFP.
I'd assume earnings season is really over for the most part.
Let's see.
Next week, what do we have?
Costco, Broadcom, CrowdStrike, Target, Target, ASCS.
So a couple names, but nothing really that's going to come in and move markets.
JD, you've got your China names.
More China names in there.
Shout out to CraneShares.
Maybe we'll have some good talks there.
Interesting.
Yeah.
We'll see here.
It's just one of those things.
The market does not want to give an easy trade.
You had a nice update that took us all off guard on Tuesday.
Gapped up yesterday and held all day long.
Looking like we're ready to finally move and welcome back.
What is up, Mr. Brian Lund? How you doing, sir?
Good. Where's Stock Talk moving to?
He's actually moving to New Mexico. it's interesting i was like what's the new mexico i don't know he'll explain it yourself but himself
but yeah he's in a u-haul driving cross-country uh there's some well cross-state that type of thing
yeah you know my first reaction to that is huh and then my second reaction is yeah that makes sense yeah i don't know i hear stuff's cheap there maybe it's lands expanding we'll we'll let him
explain it maybe people can ask him why he's moving to new mexico but um yeah yeah what's
going on in your world though i wonder what you're thinking about options mike what he's saying uh
well before that uh santa fe and taos is beautiful out there right it's that whole
southwest arizona nevada parts of california so it's great it's great out there um i wish him
luck um you know i'm not as i i wouldn't say mike is i'm frustrated like mike is but i'm not as um
i don't see today's action is that bad i I mean, yes, I would have, what I told my subscribers
today is, hey, today would be great to have just a really quiet consolidation day. Actually,
today and tomorrow would be great. And that would set next week up perfectly for us to attack all
time highs. Didn't happen. We got that flush. I think a lot of it was the whatever's going to
happen with the China visit. But buyers stepped in, you know, and look,
we still got 45 minutes to go. But where the SPX is sitting right now, it's above all the moving
averages. It's way off the lows from the week. It's above the all time IVWAP. I feel like,
you know, we're going to have a taco-ish situation here with Trump where something will happen. All of a sudden, the China thing will be back on.
So I'm not that concerned about the action.
I think IWM looks absolutely fantastic.
I mean, it really looks like it's ready to break this short-term downtrend and maybe hit all-time highs.
A lot of names that have been beaten up bad, some would say unnecessarily, over the past few months are starting to move again. And Bros,
you know, has rocketed up three days in a row, even have left for dead stocks like Path that
are starting to come back. I think when it comes to NVIDIA, look, here's the thing about NVIDIA.
We've gone three earnings cycles and basically gone sideways. We're trading exactly where we were before we
went into the earnings back in September of last year. And so NVIDIA is basing right now.
And what it's saying is, the market is saying, hey, we're revaluing NVIDIA. That's what we're
doing right now. We're trying to re-evaluate what we think of this company. Yesterday's earnings, they really couldn't have been better. I mean, they were picture perfect.
If you were on the spaces yesterday, listening to the NVIDIA earnings, you had no technical people,
just lots of fundamental people going through those earnings with a fine tooth comb,
earnings with a fine-tooth comb, not finding anything really of major significance,
and yet this company could, and yet it's being sold off today, right? I can only imagine what
would happen if NVIDIA did not have perfect earnings yesterday. I mean, it probably would
be a bloodbath, but the market is sitting there and it's trying to make a decision. It's trying
to decide, does NVIDIA have more upside based upon the numbers we're seeing
out of it? And is there something that's coming, right? What will be the next catalyst to get it
out of this range? The great thing about being a technical trader is you don't have to know what
it is, right? I don't even have to wait. I don't have to guess for it. I just watch to see if
something happens. But that's where we're at right now. And I think a lot of NVIDIA bulls are
frustrated because they're just so used to the stock, you know, powering to new highs and powering to new highs. And it's gone nowhere for, you know, nine months now. So, so yeah, so I'm not so I'm not so down on the market. I think we're okay here. If we hold around this level. And if we do, and if we get a nice calm day tomorrow, or slightly up day tomorrow, I think there's a lot of names that are going to set up.
When I'm looking at stocks that are like imploding,
like what we've seen in the software area for the last few months,
you know, I'm not really interested in buying a falling knife.
Like I don't need to catch that knife.
Smarter people out there than me can do that.
What I do is I wait for the move after the move.
And what that means is I wait for the move after the move. And what that
means is I wait for that first counter trend rally. So you have these software stocks that
are imploding and you get that first counter trend rally that rips anywhere from like one to three
days. Then you get a pause, right? And you get a pullback. And sometimes it's a deep pullback.
Sometimes it's a shallow pullback. Sometimes it's a sideways pullback. Then if we get a continued
move, a continuation of that
move, that initial counter trend rally, that's when I will get involved because that is a higher
percentage type of trade. And you also have a range that you can trade against. So you can
define your risk. And if you get that second leg up, that move after the move, you're more likely
to see some fall through opposed to just trying to blindly catch a knife. So I'm waiting for a day two, maybe three of consolidation and some of the
names that have popped. And then I'm going to watch to see if they can break higher and continue the
move that started on Tuesday. All right, let's keep it going around,
and we'll circle back on some of the topics here.
Sniper, I'll tell you if you should come up and join too.
Sniper, you got any thoughts on the market?
I know you're an earnings guy.
What are you watching?
Yeah, I got to say, I think that the top watch today for many people
is going to be CoreWeave.
And as far as the data center side of things go,
it's going to be pretty interesting to
see if there's any announcements going on there. We obviously know that there's been lots of
developments inside of the AI infrastructure. One of my favorite agentic AI names is reporting
today after close. It's actually Soundhound. Again, Soundhound has made a couple of pretty
good developments lately. One of the main ones is that they're putting out a sales agent that seems like it's going to be working pretty quickly.
It's going to be hopefully around in the matter of 2026.
But basically, you know, it's a voice powered AI.
It's going to support retail teams and it's going to provide real time recommendations during sales calls and different interactions.
provide real-time recommendations during sales calls and different interactions. Now, this is
already in pretty much when you look at most agentic AI stocks, they kind of go off of machine
learning and they already have 30 million calls inside of their data sets from 2025. So agentic
AI will only improve as more data sets get input into it. And we could see some pretty significant
developments as more data sets come into it. $30 million is a pretty solid base for it,
and this is being built off of Soundhound's original platform. So I'm pretty excited to
see if they have any developments coming out regarding that. I know that many people are
interested in Rocket Lab. Rocket Lab is going to be reporting
earnings also as well today after close. Rocket Lab specifically could have announcements about
upcoming launch schedules. Obviously, we know they had a delay recently, but I don't think that
is really that high impact. Rocket Lab recently was announced as one of the Shield partners.
Rocket Lab recently was announced as one of the SHIELD partners.
Basically, the SHIELD is a program where U.S. is trying to build a missile defense from space.
I think that this could be the next big thing.
Don't quote me on it.
I'm going to get the number before I say it.
Yeah, it's $150 billion.
Yeah, I didn't want to say it because that's a crazy number i
didn't want to say it without being certain of it but yeah 151 billion dollars in that shield
contract and rocket lab is one of the contenders to get that now consider this is not guaranteed
so it's going to be interesting to see where rocket lab sets their guidance and what rocket
lab expects to come out of this shield uh contract uh but they are on the pentagon's
approved shield vendor list so So we could see a
development coming out of there. So I'm going to be keeping an eye out for those three names,
primarily CoreWeave, Rocket Lab, and SoundHound. Those are the ones that are most interesting to
me. For anybody else who's interested in some of the other earnings, I believe that we have
Duolingo reporting, SMR reporting, Dell Technologies, Intuit, Marathon Digital,
another data center name, our Bitcoin mining converted data center name.
And one of my favorite stocks of all time and is definitely a sleeper, Monster Energy.
I think that not enough people have paid attention to MNST, but it's definitely has some potential
there and it is one of the larger beverage brands
in the United States. So I'm going to be taking a look at Monster and it seems like they also are
trading up into earnings today, but those are pretty much the top watches for me.
And again, take a look at Monster up 67% in the year. Sneaky one. Nobody's really watching this
one on a day-to-day basis, but, uh, keep an eye out for these. Uh, there's definitely some massive developments going on
there. Um, we also know that, uh, Trump has resumed talks in a month, uh, with Iran. Um,
it's kind of said by Israel unconfirmed, but, uh, they're either going to kind of make the decision
to extend the talks or they're going to make the decision to initiate military strikes.
It seems like that's coming up recently.
So we will see what's going on there.
And I'm interested to see any kind of geopolitical developments as well.
There's a lot going on.
And I think that anything happening out in the Middle East tensions could be market impacting.
Some of the stocks to watch for that will be Lockheed, Northrop, the regular defense guys. Some of the oil names also could be market impacting. Some of the stocks to watch for that will be Lockheed, Northrop,
the regular defense guys.
Some of the oil names also could be impacted there.
But taking a look over at that,
and it seems like we're going to get a couple updates
or maybe developments on the AI infrastructure space as well today after close.
Thank you for that good rundown there, actually.
I enjoyed it.
I'm excited for having you come back in a little later too, and we can dig in a little
deeper on a couple of these earnings we have coming up after the close.
Options Mike, Brian Lung.
I'm going to start with you, Mike.
You watch any of these names?
Any of them interesting for you?
CoreWeave, obviously, is really interesting to me tonight because, again, it's going to
show us how's that data center business going and what's their spend i mean you know you look at their earnings estimates and they
you know i got these off our earnings hub so you know they usually do a pretty good job with this
you know they're expecting revenue 1.53 billion with a loss of 65 cents so you know we want to
see how that's going how good they're amortizing their chips and their servers here.
This one to me is real interesting because if they're bad, that's going to put some more fear into names like NVIDIA and this AI trade.
We really need them to be good here.
Dell, I don't have any high expectations from today.
They report the whole sector, whether it's SMCI, Dell, or ESPQ.
It's not that they're not selling stuff it's that
their margins are all been cannibalized because they're just you know they can only get so much
they're all fighting each other for getting market share so I don't have any high expectations there
and I'm morbidly interested to see what Square a block I still call him Square has to say because
that name's been beaten to hell and that whole sector just looks bad. Jack Dorsey, he's let that name fall off a cliff.
He left Twitter.
He got out of there.
He said, I want to stay with Square.
And honestly, this whole sector looks like it's ripe for takeover.
And the big guys are going to come in and just own it.
So you either get taken out or you're going to go away.
So some interesting guys there.
The only thing I'm looking at is Wolf.
I have an option position.
Yeah, shout out to Wolf Financial.
Great company.
Go give them.
No, I'm sorry.
Sorry.
Yeah, yeah.
I could have had a better one there.
I just do.
It's just too close.
Yeah.
Not my best one.
When you guys go public, you should have the ticker EVAN.
That would be great.
Do you think Evan's taken?
I don't think so.
Let me check.
EVAN.
It looks like stuff.
Yes, it's open.
You better lock it up, man.
So here's the thing about Wolf, right?
Everyone knows the narrative, right?
Wolf was, or at least I think they know the narrative is like they were a miner, I think,
and now they're pivoting to the AI, blah, blah, blah, who cares? But what I care about with
Wolf is their chart. I mean, look at what Wolf's doing. Wolf literally broke into 52-week highs
on Tuesday. It's barely budged over this past two months while lots of names in the tech space and
other names have just been cratering. Like From a relative strength standpoint and from a chart perspective, it is a beautiful, beautiful
chart.
I bought some May 15th 20 calls when it did its little reversal on Tuesday.
The reason I bought options instead of outright stock is because this still is a very volatile
stock. I mean, you get the wrong
earnings and the thing could drop 20% after hours. So yeah, so I'm hoping that Wolf delivers
How much are you guys watching earnings? And where does it kind of fit into the strategy?
Is it like something you take a tiny part of the portfolio and play around with on
the side is it like a next day strategy and ivy kind of play going into it Brian
is it something you do yes so my general approach has been I don't trade stocks
into earnings just because it's so binary no matter how well you analyze things you you don't know if you're going to get it right or wrong.
And not only that, but even if you get it right, the reaction may be wrong.
Like take NVIDIA, right?
I mean, there's probably people after hours on that pop that were like, see, I was right.
I analyzed it perfect.
And then it sold off.
So I don't.
Brian, I grabbed NVIDIA with stock after the close.
Immediately got really red.
And I was sat there and I stared at it, held it, held my nose for a minute, got green, got out for a nice little win, and then watched it two minutes later just dump.
I'm like, yep, they just don't want this no matter what.
Yeah, and I mean that is too stress-inducing for me.
I used to try to do that stuff, but I don't anymore. So what I do is I avoid trading a stock, certainly trading common when earnings are coming up. That being said, I'm a degenerate gambler, about 10%. And I will sometimes take what are called lotto trades in options going into earnings on things that I think look good and could possibly get a good pop.
earnings on things that I think look good and could possibly get a good pop.
The one codicil I will tell you is if I've got a core position, I will usually, I mean,
I'll hold it. Like, for example, I've had bros for a while and I've held it through a few
earnings periods, but that's not a trade. I think it's more valuable to see what a stock does
after earnings. Like, you know, you get a stock that gaps down and immediately starts
moving back up. To me, that's signal. That's something you really want to pay attention to.
A case in point today on that would be TTD. So look at TTD, trade desk. Gap down, I don't even
know how much it gap down, 10, 15, 20%. And it's literally worked its way all the way back up.
That is the sign, especially given the action before that, where it's been selling off for months, that's a potential, hey, maybe that's the bottom and there's a place you can define your risk.
So I find the post earnings action way more valuable than trying to flip a coin and see if I can catch a flyer.
That makes sense. That makes sense.
That makes sense.
Is that something similar for you, Options Mike?
I mean, do you even do this?
Do you even act a participant in the earnings of generosity fund?
I like to play earnings with stock as they report.
If I like the name, like NVIDIA last night,
I don't have a problem doing that. I've done very well with it over a long period of time. I guess I've had some, you know,
you know, you got to take losses sometimes, right? This earning season, I probably played the least
amount I've ever played. I probably only made like four or five trades because it's just been,
you just haven't trusted the moves, to be honest with you. And it just seems like the first move
is a head fake. I do agree that you got to watch that move the next day.
CRM, to me, for example, was another one I didn't even realize.
I mean, I thought that report was horrible from TTD and just completely ignored it today.
That would have been a great trade.
Nice look.
I just completely missed it.
So, yeah, I mean, you do look at these things and see what they do after the new report.
You know, a lot of times the knee-jerk reactions are wrong.
They just are.
You know, they fire first, ask questions later.
Yeah, I mean, look at two names that have been selling off for months and then had horrible earnings and tanked massively.
One is AI, right?
C3 AI.
The other is T3 AI.
That's not a real company, man.
Yeah, well, but here's the thing, right? Look at the price action in both of them right everything is the same
they've been selling out for months they both tanked you know 20% but the
difference is TTD is actually recovered almost all that drop where is AI is just
in dog meat so that one is giving you signal there the other one's saying stay away. Yeah.
For the record, I'm looking into it for the single letter stickers.
I don't know how I got here.
I think there are one, two, three, four, five, six letters, single letters that do not have a stock associated with it.
I, K, N, P, X, and Y.
X doesn't have one, huh?
Oh, that used to be U.S. Steel, right?
Used to be U.S. Steel.
K used to be Kellogg.
I thought there was a story out there that somebody locked.
I guess you can't really lock it up, right?
You can, kind of.
I mean, that's what a lot of ETFs do.
They lock up tickers.
UPST, the 2950 calls alerting.
Sorry, guys.
Didn't Elon or something try to lock up X.
I thought I saw a story about that not too long ago.
So I, I think I'm just saying like right now it might be locked up,
but I was just playing around here. Does anyone have the,
but yeah, I was looking around. We'll see. Sorry.
Sorry for the ADHD there in the background i was gonna
say you say you don't know how you got there i'm like i know exactly how you got there because i
get there the same way i'm adhd just like you it's like you know a bird flies by and i'm like
it takes me 20 minutes to come back to what i was doing i get it and listen sometimes we got to get
a good post here's every stock with a lot one. I need to work on the first part of it.
Agilent, Barrack Mining,
Citi, Dominion Energy,
ENI, Ford, Genpact, Hyatt.
There you go. Sometimes it comes out
in different ways.
Yeah.
Nice.
That's what's ended, buddy, for the win.
Okay, so we've been talking
some interesting stuff here.
I just requested community note on this interesting hmm I do think the best thing that's
happened this week is the reversal in XLF you know it has to hold obviously
but it's very hard for the market to move into new highs when the financials are weighing down the market, even when the technicals are working.
So that flush that we saw this week, we lost the 200-day moving average on Monday.
Well, actually, we rallied back up to the 200-day moving average on Friday.
We lost it again on Monday.
This has been a pretty good snapback, but now what we need to do is see a day or two on Friday. We lost it again on Monday. This has been a pretty good snapback,
but now what we need to do is see a day or two of consolidation. And then if we can get back
above 53, we're breaking a kind of an intermediate term downtrend. But that's what we really need
to see. We really need financials to get in gear, I think, for us to get back to those all-time
highs. Mike, you watching DPSpst i believe that is regional banks
leverage regional banks i don't like the regional banks but i have been watching the xlf today and
you know i saw they had strength early the thing is the xlf is stronger than the individual names
so it's kind of interesting to me i was watching them early and the banks popped out of the gate
and they're all well off the highs so um for the most part so it's kind of a little bit
of a disconnect going on there but i like to watch the big banks when i trade them i don't
tend to trade the regionals
and we need to see pot rally too that's what we need yeah you can go find it on the roadside
depending what state you're in no worries is there a worse that serious is that a sector
i don't even know if pot is a sector.
Is there a worse sector over the last five, six years than that?
I mean it's just – the only hope the sector has is if it ever gets passed and legalized through Congress, then they'll have access to more money from banking, right?
But nobody cares about going to a dispensary when you can buy it on the street cheaper or grow your own at this point.
Nobody cares.
The pot industry, they're such losers that they've tried so long, so long to get safe banking.
It's taken so long that there's actually now this counter movement to actually maybe de-legalize pot.
Now there's all these studies coming out.
So they really missed their window.
Yeah, a lot of losers out there. legalized pot. Now there's all these studies coming out. So like they really missed their window. Yeah.
A lot of losers out there.
We'll move on.
We won't make fun of a large swath of people.
Yes,
let's do that.
That is Mr.
Brian Lund,
IP address.
I own it.
Yep.
834.
Sit.
imagine if I actually read out someone's random's IP address and just
something happens.
We got about 25 minutes
until the market does close here.
It is obviously Thursday,
so it is going to be a long weekend
here. I know there was
a little bit of relative strength in certain
defense names. I saw some people
talking. Maybe that could signal
what's coming up this next weekend, maybe, possibly.
Are you watching that option, Mike?
I know you had some opinions in the past that it wouldn't be going this past weekend.
But you're thinking that maybe actually Snipe, I think you'll have some thoughts.
I think the market's sniffing out an attack coming shortly.
You can see the oil went up today.
We know that one airline has suspended all flights into Jerusalem as of,
I think it's this weekend sometime, out of Europe. You know, you listen to Iran, they say talks went
good. Officials in Ullman said they went well. The United States not saying anything. That to me is a
sign they're not getting what they want. And I think Iran is perfectly just trying to stall here
at this point, you know, by time. I wouldn't be surprised if we had some type of action this weekend at this point and
and the truth is once the bombs drop typically the market rallies right you'll get an initial drop on
it and then typically the market comes running back because you know the unknown is now known
You know, the unknown is now known.
How do you think, Snapper?
Is this something you're watching?
Absolutely.
Yeah, so I think that there's a lot of developments,
but I think one thing that is pretty indicative to me,
I just pinned it in the nest above.
I put it out from Wolf Defense.
But you can see we spent $4.5 billion to accelerate the B-21 Raider. The B-21 Raider,
we've talked about it a while ago. One time I was going into it with Monitive, but this is an
advanced sixth generation bomber. Prototypes have been built of it, but if they're going to spend
more money on accelerating the speed of it, you can best believe we're going to bring somebody
liberty. I think personally, I think that this is pretty indicative
that they want to be using this at some point coming up.
So, yeah, I think that watching this
and watching some of these defense contractors moving,
again, it definitely is people trying to position themselves correctly
for Iran strikes.
We could see lots of the legacy defense
names catching some bids and we can even see some of the newer defense
technology names like Kratos catching bids as well I think that again there is
that still rumor in the air or idea of Trump increasing the budget going
forward to 1.5 trillion from 1 trillion if that is there's another 500 billion
dollars to spend in the space.
So that's plenty more money for some of the newer contractors to eat while the older contractors
are still continuing to get money. But yeah, I think that there's a very high chance that
the Iran talks aren't going to go anywhere. I don't know. We'll see. But that's been going on
for quite a while and it doesn't seem like they're
going to slow down their uranium enrichment program one thing that people don't really
understand also you know about when it comes towards building uh nukes and i don't want to
get too in depth of it but uranium enrichment is something that takes a long time it's a very slow
process it takes a long time for them to collect all the uranium in order to build a nuke um and
it seems like Iran is
continuously progressing in this and I don't think they're planning to use it for infrastructure.
So yeah there's definitely a lot of uranium enrichment going on out there and we're definitely
accelerating and speeding up some of our next generation defense technology and I think that that's a huge indicator for me, at least just from my perspective.
We shall see. I'm not, I enjoy, actually, I do enjoy watching geopolitical stuff a little bit
more than some of the other ones, so I know we play this game of throwing different hats on here
as FintTwit people.
This is one that I'm not going to go so deep into it,
but it is one that at least I am a little closer to being intrigued on,
interested in, and actually being a part of, and keeping up on pretty closely.
So, yeah, we shall see what happens over the weekend.
I need to run, guys, and I wish you guys a wonderful weekend.
I appreciate you, Mike.
See you guys a wonderful weekend. I appreciate you, Mike. See you guys later.
Nice.
I'm going to take us through some earnings here.
I'm going to also send out an extra invite or two as well. Get a tweet or two pinned up in the nest above.
This should be a good spaces.
I do appreciate everyone for hanging out with us, doing some cool stuff.
For anyone who doesn't know,
something fun and massive, you should come up.
Anyone who doesn't know,
we started the Wolf Team, some other people.
We started a little bit of a new app website.
It's called Rallies, if you guys are seeing it anywhere.
And it's like a portfolio manager.
You're meant to be able to ask AI insights against your portfolio.
But we are doing something that I have really enjoyed doing and watching.
And it is like a battle of the AIs.
We are putting Grok 4 versus Claude Sonnets 4.6 and 4.5 and all of them into this arena.
And letting them make portfolios see how they're
doing against the stock market so far gemini 2.5 pro is the leader up 8.9 percent um but i pinned
the tweet up in the nest above it was kind of funny today that claude claude sonnet 4.6 actually
bought some crowd strike so claude the one who's really kind of been a big part started this
ass apocalypse thing is now uh their ai is coming out here buying some crowd strike but i've been So Claude, the one who's really kind of been a big part, started this SaaSpocalypse thing,
is now their AI is coming out here buying some CrowdStrike.
But I've been watching that.
I've been tweeting it.
This is our app.
Shout out.
Let me know if you guys have any thoughts or anything on it.
But that was just something funny that I saw today, watching Claude.
Every single day, Claude, the real company itself, has come out here and talked about a new announcement that they have coming out,
a new sector with investment banking and HR and all that stuff this week.
And then it was just funny to see the Claude Rally's Arena bot that we have in here coming in and buying some CrowdStrike.
One of the parts of the market that has been hit a little bit hard by them.
buy them. There was another move today. Also had
There was another move today.
the GPT 5.2 portfolio bought some Agilent, ticker A. That might have been what sparked that whole
thought conversation around what stocks have the different tickers.
So yeah, in the bottom right of your screen, there is a purple eight. I would love to hear
your guys' thoughts, anything you want us to go in and do.
What did you say it was called, Dexter Morgan?
The tweet pinned up in the nest above it is called Rallies.
R-A-L-L-I-E-S.
We're about 18 minutes from the market being closed.
What's up?
Did you say Dexter Morgan? That's just the guy's name oh man should we hide
i don't know i mean if you're mean to him he's coming for you
yeah do you want to talk about some earnings sure yeah so um you guys also should write in the
comments below um some of the names that you're a little more interested in.
So I could also kind of focus a little bit more in depth on there.
But in terms of what I believe most people are going to be interested in.
First off, also, I didn't talk at all about Tara Wolf earlier.
And Wolf is reporting earnings today after close.
This is another one of the stronger data center names.
Tara Wolf, like it has made highs after highs after highs.
We're looking at TerraWolf coming in today with a $1.45 implied move or 8.16%.
There's quite a lot of people betting on TerraWolf.
The open interest is absolutely jumping out to me.
I think though, again, that we will see uh some kind of development inside of the data
center space i think that there's some people going to be anticipating a similar rebrand in
either terror wolf or marathon digital uh that is kind of comparable i'm sure you guys noticed uh
cipher mining is no longer cipher mining um and it seems like the street likes their plan
um my computer is freezing up at this moment. Just a second.
I just randomly got a beach ball.
It's the worst timing ever.
Yeah.
Beach ball has been happening to me a little bit.
I got extra monitors.
And now I just push it to the max.
Rough times.
Rough times in the world.
I didn't look
too deep into this. So Cypher,
they're just going to become less crypto,
more data center?
Yes, they're going to be completely
shifting their business focus
towards the AI infrastructure side of things.
And they're going to be looking to
completely provide more people
with the compute that they need. And they're not really going to be focused to uh completely provide more people uh with the
compute that they need um and they're not really going to be focused at all on mining the bitcoins
uh with bitcoin being down here it's not exactly as much worth it for them uh versus when bitcoin
was trading well above 100 000 um i'm still currently beach balling but uh that cypher
rebrand uh it seems like um we've seen four analysts uh upgrade
their targets on cypher since that they did this rebrand so uh in general it seems like uh people
are generally optimistic on this um but uh we'll be taking a look uh a little more in depth um on
um some of the data center names coming out later. But we also will get a pretty nice insight
into the agentic AI space with SoundHound coming today.
And like I was saying before,
SoundHound is now going to be providing sales support
and they're going to be making real-time recommendations
to people while they're on sales calls
with a massive data set already coming into it.
I think that that's one thing to keep a big eye out for.
CoreWeave as well
will be getting this.
I'm going to get you guys the implied moves in just a
second. I'm still working on that.
Gotcha.
I appreciate you.
I do see a couple people commenting.
Dexter, Amber. Chaps from
Australian Defense Sector. Anyone have eyes on DroneShield, ticker DRO? I've seen a couple people commenting. Shout out Dexter, Amber. Chaps from Australia in defense sector.
Anyone have eyes on drone shield?
Ticker DRO.
I've seen a couple of the ETFs I look into,
but I've never dug too deep into it.
DRO.
Oh, we don't even have it here.
I was looking through my 52-week high list as well.
It's not as many interesting names,
but names like Dollar General, Baker Hughes,
Ford is on here, ticker F.
McDonald's I saw was on here as well.
Really not that many names on this 52-week high list. Looking over towards the 52-week
low list.
Shift 4,
JD, Novo Nordisk,
Trade Desk. Trade desk.
Yeah, so there's a couple of names in the 52-week low list.
Shift 4 also on here.
I was on Twitter.
Okay.
I've never heard it called the beach ball, by the way.
I'm looking towards some of these earnings now that we are 13 minutes from the market being closed.
Rocket Lab should be out at 4.15.
Sound Town should be out at 4.10.
Dell should be out at 4.05. Core Weave at 4.05. Duolingo at 415. samtown should be out at 410. dell should be out at 405 core weave at 405 duolingo at 401
into it for mp materials at 405 okay so it's actually a little bit of a later one we won't get a crazy first second earnings but then they'll start to funnel in what's up monotiv
i appreciate you joining us up here, sir.
It is interesting. A lot of times you join on
spaces and you can't hear. Are you good? Can you hear us?
Yes. Nice.
What's up? What are you up to today?
Nothing. Just watching Zscaler today is going to be important
okay zscaler what else might i think you're interested in uh i think dell but like who
cares so a nice way michael dell actually follows me i love michael dell i love dell
thank you dell so dell is more sorry about what they say about memory rather than Dell themselves.
But it seems at least I checked with somebody this morning.
They said the expected move is almost $16, $17.
So that's a good size move for Dell.
So have to see.
Have to see.
But memory is going to be the story with them.
Are they able to actually produce what their demand is?
And what is the margin hit?
Because they have to pay more for memory.
So I think that's the story with server builders, right?
So that remains to be seen.
What else?
You a Rocket Lab guy at all?
Really?
You a space guy at all?
You interested?
Not really.
Not really.
I'd rather see that SpaceX IPO
so Google can sell that stake and use that money for something else.
It's going to be worth a lot of money.
What is it?
It's going to be a $100 billion stake or something?
Yeah, it's just under 10%.
That's kind of hot.
I see... That and 14.7% in Anthropic are the biggest stakes.
Tea time?
I'm sorry, what?
Is it tea time?
No, no, no.
I just heard the thing in the background.
That's my daughter doing something.
That's my daughter.
Gotcha.
I see StockSniper in this hand up, though.
What's up, Sniper?
Yeah, I am actually back past the beach ball.
I do have some statistics for you guys or some numbers.
I put out a tweet today, actually, and kind of funny that you're saying about that.
But in the United States right now, it is cheaper to buy an AR-15 than it is to buy two sticks of RAM.
So RAM, we already
know, is really
expensive right now.
It's just
so random.
Alright, I'll let it go, but
you're just an interesting guy. I like that
that's your comparison.
I mean, I feel like that's a pretty good post.
It's a decent post. Put it up on the
Wolf Defense.
But, yeah.
Yeah, so basically with Dell,
we got an implied move at $8.45, or 6.87%. Massive move for Dell compared towards the last couple of reports that we've seen.
When we're taking a look over at Sound sound town the implied move isn't that high
There's not as many people betting on this, but we're seeing a dollar sign 0.92
I don't know why I read it out like that 92 cent implied move or 10.22 percent
We also are seeing quite a lot of anticipation on marathon digital. I feel like again
It's the thesis of the possible rerun, but I'm 61 cent implied move or 7.22%
And I'm gonna be personally watching the data center ones a lot more closely
But that's pretty much the the gist of earnings today
you could see the entire schedule up at earnings hub, but um
When we take a look at the actual estimates on
what people are looking for and what these companies are looking for with Rocket Labs,
we are looking for 178 million revenue compared towards last quarter. They've reported 150. So
this is a pretty strong jump in Rocket Labs earnings. We're looking for a negative nine
cents EPS on Rocket Labs. So that is definitely very feasible for Rocket Labs. So
we'll see what's going on there. When we take a look over at Soundhound, we're looking for a
very impressive jump here. Quarter three, 2025 revenue came in at 42.05 million. We're looking
for it to jump up to 53 million. And there is also a lot of anticipation about some of the
new sales agents. With Dell, we're looking at 31 billion
expectations of revenue. Again, just like Monitive was saying, the key data sets are for Dell. We're
going to be looking at their memory. That's going to mean a lot more, really, I think, than their
actual revenue. With CoreWeave, we're looking for them to also jump. Their previous revenue reported in at $1.36 billion.
We're expecting a jump on this up to $1.53 billion.
And again, they have consistently provided pretty well earnings for the last year in terms of the revenue side of things.
When we take a look over at Marathon Digital, Marathon Digital revenue previously came in at $252.41 million.
They're actually getting a little bit of a break.
We're looking for 240.37 million, which is 10 million down from there. I think that a lot of
this is going to be priced in towards Bitcoin selling off more so. And I think that they're
obviously not going to be as profitable mining Bitcoins. When we take a look over at TerraWolf,
TerraWolf previously reported 50.5 million revenue.
They're only expecting 43.8 million revenue today.
I think that again, the anticipation and the reason why we've been seeing quite a lot of
highs on TerraWolf is going to be partly or partially in ties with the anticipation of
potentially reshifting their focuses.
Now, one other earnings that I forgot to mention earlier also that is
a very interesting name to me personally, but Rocket Companies or Rocket Mortgage is
reporting earnings today. Previously, they came in at $1.78 billion. They're going to be expecting
$2.28 billion. Rocket Mortgage is a company that's kind of positioned for they're going to benefit
hard when we see some lower interest rates.
Their benefit, their position more so for real estate volatility.
They're not exactly looking for the market to kind of jump and they're not exactly looking for it to sell off.
But just with more buying and selling of actual houses, they tend to be one of the main beneficiaries in a lower interest rate environment.
When we take a look over at Monster Energy, $2.2 billion was
their previous one. Their expectation is down to $2.05 billion. Now, you've got to understand that
with food and beverages, it's kind of more of a seasonal thing when we're looking at this. So,
that's why it's slightly lower than this. Zscaler, I'm sure a lot of people are very interested in.
And if you take a look at Zscaler, it is one of the absolute most beautiful revenue growth charts that I've ever seen. We're looking for them to
come in at $798.55 million revenue. Previously, they reported $788.1 million. So we're looking
for a nice little bump on Zscaler. And they're pretty much priced to consistently keep producing.
I'm definitely going to be watching Zscaler also.
I didn't really mention that one as much.
But that is kind of in a gist, most of them,
most of the earnings that we're looking for today.
And also with Duolingo,
it also is showing us some pretty impressive revenue growth.
There has been some problems with this narrative,
and it seems like they kind of got some of them under control.
But with Duolingo, we're looking at at 271.7 million previous earnings report and we're looking for today 276.29 million basically looking
for five million more dollars out of them and just pretty much to show us some more consistency
it's kind of more of a consistent kind of endeavor that's what we're looking to see there. With Intuit, we're looking from a massive
jump from $3.76 to $4.53 billion. They've beat their revenue 14 out of the last 17 times. It's
going to be pretty interesting to see this. Their EPS is expected to come in at $3.10 adjusted,
so the bar is pretty higher on them for EPS side of things compared towards their previous EPS coming in at $2.50.
So that is kind of in a nutshell everything that we should be watching out for in terms of the earnings reporting today after close.
Thank you for that good rundown, sir.
We are four minutes from the market being close
monotive a lot of numbers information being thrown out there so we got a couple
names reporting i know you said core weave were any of those other ones said they're
a little intriguing for you when we look at core weave which should be out around 4.05 p.m. Eastern? What are you going to be looking at?
CoreWeave is sort of a secondary read-through,
but we already have NVIDIA,
so it's not particularly interesting to me.
It's useful.
Elastic into it, maybe a little bit more read-through
into can we see a bottom-in software into can we see a bottom in software?
Can we see a
rally from here?
So those two
more so than CoreView
for me.
Gotcha.
What's your thoughts on Duolingo?
I've no
thoughts really.
I've no interest in it. Never looked at it, don't care much
for it.
I get it. I was just curious, I don't get the world where it succeeds and lives,
thrives, keeps going. I mean, it is really interesting because they're so good at certain
things like incentivizing behaviors and really doing stuff, But I don't know. I think it's just
going to be a lesson you use in the founder
in the future to incentivize behavior.
But I just don't see the company. We'll see.
I could totally be wrong. I'm sure there's a couple of you
guys down below at least
who are fans of this one. Hopefully you're right.
Two minutes till the close.
Oh, I like the app just fine. I just don't care about the company as an investment opportunity.
Yes.
This is fair.
This is fair.
This is a useful app, although I know people have been using it for years and they try
and learn Spanish.
And they may, I don't think they know Spanish.
I think they might just know how to say specific keywords.
But that is, besides the point, a wonderful app.
Fantastic time.
Great experience.
Much wow.
It is good to learn in different languages.
All right, we're here with the fun.
Is TocToc moving from Texas to New Mexico?
I thought he was just looking around Dallas.
Where'd you hear that?
No, you guys were talking earlier in the... Yeah, no, I just made it up.
I just made it up.
He is just staying in Texas.
Okay.
Yeah.
I was hoping some more people would ask questions.
I was hoping people in Discord would ask him more,
but it just didn't materialize like that.
So, you know, it's not like...
It wasn't that funny of a joke.
We should be getting the market closed here any second.
Get a lot of earnings.
Someone just shared a picture with me.
There we go market basically getting closed isn't wolf the one that made a deal with uh with google and uh fluid stack no i think that is um
cypher.
They're all the same.
I'm sorry.
I really do want to go visit some of them.
Intuit just reported earnings.
I might actually get to go to a CleanSpark facility or something at some point.
I don't know, maybe.
There's security stuff there.
I'm not going to go.
Intuit stock up initially 1% in after hours.
INTU, I think this is one of the largest holdings in IGV, is down 40%.
4.0% so far this year.
INTU.
I haven't seen the numbers cross right in front of me yet.
Hey, while you're at it, can one of you guys also keep track of whether any Netflix news comes out?
I think the CEO was supposed to meet Trump today. That's interesting
Yeah, into it numbers revenue came in at four point six five billion
Expected to be at four point five three billion beat on revenue there
EPS at four dollars and fifteen cents expected to be three3.68 double beat for Intuit
Interesting okay there you go into it with a double beat
Okay okay uh intuit affirms guidance basically in line with expecting actually a little below expectations they expect eps around 23 23 10 cents while showing 23 20 revenue is also
slightly below expectations i'm surprised the stock i guess it's beaten up so much nope it's
moving down a little bit intuU stock is down by 1%.
Let's get the title changed here towards live earnings.
There we go.
Intuit stock is playing around, but these numbers are not necessarily great.
Autodesk came in with a beat on EPS, a beat on revenue for ADSK.
Autodesk stock is up by 3%.
Now it just reversed.
It was down 2%.
All right.
I guess we're getting some weird initial movers here.
ADSK also just reported earnings.
Well, it's almost up 10% during the day.
So most of that move is done.
BugPower executes $132 million definitive agreement with Stream
Data Centers is first step and blah blah blah.
I have no idea what that actually is.
There's a PlugPower headline.
Yeah, Autodesk
reversing a little. Intuit.
You're saying Intuit stock was at 10% today?
No, Autodesk.
No, it was up like 3%.
Intuit's also now
reversed around. I don't know. These numbers were not necessarily the most. Intuit's also now reversed around.
I don't know.
These numbers were not necessarily the most amazing thing in the world I've seen.
Whatever SBAC, SBA Communications missed on EPS and revenue.
Stock is down 4% in after hours.
We should be getting a couple more interesting earnings here in two minutes.
We'll try and circle back on a couple of these as best as we can.
Here at 4.05 Eastern, according to Earnings Hub, we should be getting Dell.
We should be getting CoreWeave, MP Materials, and Zscaler, among other names. Let's get CoreWeave up here. I know that's what a lot of you guys care about.
What's this?
Micron is NVIDIA's largest customer.
Meta internal chip hits roadblocks.
Scrap something.
The information is putting out a report,
something around Meta having struggles
on their internal chip.
Let's go open this up.
Meta's internal chip design hits,
effort hits roadblocks.
As Meta Platform strikes new chips,
supply deals with Meta and AMD NVIDIA.
It has been running into problems with AI chips.
It is designing internally.
Meta's last week scrapped the most advanced chip
that it has developed.
Wow.
All right.
Meta struggling a little bit here.
I imagine NVIDIA stock is moving.
Let me get this headline out first,
and then I will go in and check that out.
Monitive correction to what I said earlier.
Both Cypher and Wolf do have a deal with Google Influence Stack.
Okay, yeah.
I thought I heard something, but I wasn't sure which of them, right?
There's like four of them, and they all have some deal at the other with somebody at the other.
Duolingo just reported $282.86 million versus $275.95 million.
Beat on revenue. EPS, $0.84 versus million versus $275.95 million. Beat on revenue.
EPS, $0.84 versus $0.83 expected.
What are the stocks doing here?
Sorry.
NVIDIA stock.
No moving after hours. I guess these aren't going to move core we should be reporting right now shift over we have uh dell earnings out we got np material earnings out we got ulta out we got
rocket lab just reported or we have a little move lower rklb stock initial move is up by 0.4 percent rocket companies rocket companies also reported
yeah 179.65 million revenue on rocket labs 178.18 million expected minus 0.09 eps expected minus 0.10 depending on which one you were looking for.
Cool.
Listen.
Yeah.
Sorry.
$33.37 billion revenue on Dell.
$31.63 billion
expected revenue on Dell.
$3.89 EPS.
$3.51 expected
EPS on Dell.
MP, $52.68 million revenue, $58.83 million expected, $0.09 on EPS, $0.02 expected EPS.
EPS. Zscaler earnings, $815.75 million revenue, $798.92 million revenue expected, $1.01
EPS, $0.90 expected EPS on Zscaler. Soundtown earnings, $55. five million revenue fifty three point ninety
eight million expected EPS ten cents expected negative ten cents all right
we got a lot of earnings coming out right now so hang with us we'll be able
to also dig in a little deeper on some of the numbers see
what we want to double click into but a lot most of the names did just report earnings there i
wouldn't always trust the initial move as well rocket lab initial move is higher up by like two
percent mp materials initially moved down by like two three3%. Rocket Mortgage, or I'm sorry, Rocket Companies,
$2.44 billion revenue,
$2.3 billion expected.
EPS at $0.11,
expected to be at $0.09.
Z-Scalers forward guidance is a little
above expectations. I'm looking at
Dell stock right now, D-E-L-L,
up 6%.
Dell's forward guidance is also slightly above expectations.
Actually, a decent bit above expectations.
It looks like Dell's next quarter is expecting EPS around $2.90.
Wall Street wanted $2.40.
Apparently, Dell's expecting revenue around $35.2 billion.
$25.2 billion.
Wall Street wanted $29 billion.
Wall Street wanted $29 billion.
Core Wing.
Dell's saying $12 billion AI backlog
and the pipeline has several multiples of that.
Yeah, this also, dude, for the full year,
Dell is saying full year revenue guidance of $140 billion.
Wall Street was expecting $125 billion.
Full year EPS guy, $12.90.
Wall Street was expecting 1160 Dell coming
out here with some massive forward guidance numbers they'll stock up 7%
core we've reported 1.57 billion revenue expected to be at 1.53 billion EPS at minus 89 cents. Expected to be minus 68 cents.
That's quite a huge beat, Monte,
for Dell.
It is massive.
It is really massive.
I mean, look, they
along with all the major players, they were all caught
unawares with the speed of the demand buildup. And it took a while for them to, you know, to
most of 2024, they were still short of, you know, the right product mix, you know, the right
components, inventory, everything was in trouble. 2025,
they got their act together and now they're fully clicking, right? And you can see the performance
of SMCI outside of their accounting issues. You know, their growth is not as much as, you know,
it was back in 2024, primarily because the big three,
Leno, Waddell, and HPE, are finally able to ship in volume.
Jack Dorsey owns Square, laying off 4,000 employees.
Block, sorry for cutting you off there.
I just got that headline in front of me. Stock is up 20% in after hours.
Sent in after hours.
All right.
All right.
Terawolf just reported earnings.
$35.82 million revenue.
Expected $44.10 million revenue.
EPS, minus $0.32.
Expected, minus $0.14.
Ouch.
Yeah, that's a rough one.
For the record, this is another ouch yeah it's for the record this is another ouch 4,000 employees for
block is roughly 50% of its workforce that is out low
and Zscaler is down dude because they they change their name is frickin block
how am I supposed to find like a picture that I can use for this company I would
use the GameCube
we're gonna do the classic
we got Hamid joining us up here
shout out
Hamid do you want to see some story
which is just crossing in front of me right now
I don't know do you ever look at
do you ever look at Block
you a XYZ guy
I've looked at them in the past but I'm not a follower laying off 50% of
its workforce roughly 4,000 employees I didn't necessarily see the reason why but about 50% of
its workforce being laid off stock is up about 20% in after hours they did report earnings a couple
more things going on right now but that is the story that i'm seeing in front of me
i missed some of that because i was putting on my headphones did you say they're laying
off 50 of their workforce yes holy that's amazing wow did they explain why?
I haven't seen why.
I have not seen an initial reason yet why, but that stock is moving.
I can dig in a little deeper.
We did have a couple other earnings.
Rocket Lab was moving a little lower. I was also looking at Dell, Hamid,
which I'm sure there's some stuff in that memory trade.
Dell said that they expect revenue for the next fiscal year
to come in at $140 billion roughly,
while Shri was expecting $125 billion.
So $15 billion above expectations.
EPS guidance was also above expectations for Dell.
That AI build out out that memory trade the micron we also had a story that Jensen Huang came out and said that
they are microns largest customer so we had a little bit of stuff here in the power hour
at this point I'd be more surprised if they're not any of the, you know, semi-largest customers.
Yeah.
That would be the negative there, right?
If NVIDIA is not your customer, now what the hell are you doing wrong?
Someone said this.
It might have been when we were interviewing a couple of their executives that NVIDIA is the only company that works with every other AI company.
It's the only AI company that works with every AI company.
Who cares?
Maybe it doesn't matter, maybe it doesn't.
But it's a nice keyword to be able to go
in and say. I still have not seen
Square as foreign reports.
ZS looks really good, but
the stock is not reacting well.
It's down 5% the numbers look solid across the board beats they are also guiding up well I've got a look at the details on this one.
Have you guys seen Elastic Shop?
ESTC, is that TechRefract?
Yeah. Yeah.
Elastic numbers were $449.88 million actual, $438.42 expected, $0.73 EPS actual, $0.65 expected.
Forward guidance, revenue is slightly above expectations for next quarter.
They also raised their full year forward guidance to be above expectations.
Stock's moving a little higher, would it be the guess?
Solid numbers?
Nope.
Nope, it's down or is it just not moving?
It's down.
Interesting.
Good forward guidance. I don't know what to tell you.
The only one I see moving up today
is Dell.
N-square, XYZ, I guess that's all it takes
if 50% of your workforce or beat forward guidance
by $15 billion.
I guess that's what it takes in this market.
4.15, we should have just gotten a couple more numbers crossing right in front of us now.
Rocket Lab USA and Black Sky signed multi-launched deal to deploy Black Sky's enabled gen 3 observe observation constellation warner
brothers diso warner bros discovery board of directors determined revised proposal from
paramount skydance constitutes a company superior proposal geez that took me a lot warner bros
discovery today announced that its board of directors following consultation from its
independent finance blah blah blah has determined that the previously disclosed proposal from Paramount Skydance constitutes a company superior proposal as defined in the merger agreement under Netflix.
Great, that's great. Perfect.
So all I want is for Netflix to not make another offer and then we're off to the races.
Screw this.
Walk away.
Well, don't walk away.
Just say no, not giving you more.
I need a word.
This is right.
Is Duolingo down 25% 20, 20 something percent?
Probably. Let's see 30 dollars yeah it is it's a piece of shit yeah that too it's like literally first to be disrupted by ai who are we kidding i will say
you're gonna look back and a lot of the things that they're doing are gonna be used going forward
they're really great at incentivizing behaviors
at getting you onto the app.
It's not a moat, but they are fantastic
at behaviors and stuff. And honestly,
for people with moats building stuff, they're going to
look at everything that Dueling has done
and realize this is a great well-run company.
So I bet you it does stick around for longer, but
it happens not to get disrupted.
It does try to shame you into keeping your lessons going, man.
It's really good.
AAOI reported earnings is solid earnings.
I was up like, I don't know, 10, 12, 15% at one point.
I don't know what it's up now.
I actually just exited my position on that pop,
but that's been a big runner lately.
They provide the wires for hyperscaler data centers.
It is up.
It is closing in on $60.
Yeah, it was at 62 a second ago.
I missed that sell, but I got out at 59.
I think that'll probably keep running.
The chart looks so good.
It's about there right now.
Yeah, I mean, the chart's going to probably keep working.
But in this market, man, I'm willing to take profits more eagerly
What else you watching your logical any any other earnings interesting for you today? Were there any of you that yeah?
interesting for you today were there any of you that yeah absolutely personalist psnl i'm freaking
shocked for once the stock did not absolutely just shit the bed and tank uh i mean that they did um
they did pre-announce a couple months ago and tempest already gave some good commentary on the
stock but even then you know i wasn't expecting the revenues really to show up
in Q4, but this is the baby Tempest. I've been talking about the stock for like over a year on
these spaces, maybe two years. And, you know, they have the cancer detection tests. They just
got Medicare coverage on them. It's one of my largest positions. I think it's probably going
to be one of the stocks of 2026 as that, you know, the insurance coverage essentially just
gets them to the next level of volumes and like Tempest on their call, Tempest owns a 20% stake.
And they said a couple of days ago, like, Hey, you know, if we committed our full Salesforce,
which we plan to do, we could have 20 X the number of tests that we sold in the quarter. So,
um, yeah, I mean, I think it's going to be a great story to watch.
It looks like it's dumping a little bit now,
which is what I basically expected.
So that's interesting.
I would love to buy more of this stock at lower prices.
I'm surprised there was such a delayed reaction on that, to be honest.
Elastic is coming back, coming back fast.
Went all the way to 56.
Oh, sorry.
It is one good lesson with earnings, guys.
You got to realize these moves are happening quick.
New information is coming out.
Sometimes there's a random thing in forward guidance.
Sometimes companies say,
hey, we put the earnings up on our website,
and it comes out a little more piecemeal.
So you don't want to put all your eggs in one basket.
There's actually a couple earnings in the past.
Snowflake reported great numbers.
I was excited.
Stock went up.
I cheered.
Reversed in my face.
I was down 10% the next day.
And I looked dumb and lost money.
Classic. The double.
The two for one
I want to ask
have you tracked
up until this point or this week
it seems like we're seeing a lot of
decent reports with just maybe
average guidance and
just sell offs
maybe it just sticks out more because it's more noticeable
but like today we've got
8 to 10 major companies, 10 billion or plus that are reporting.
And almost every one of them is down except for what, like Dell and Block.
In a, okay, in a normal, yes, the simple answer is yes, the guidance is not as good as it should be, you know, given, you know, how much money is being spent by some of these
companies.
But you have to remember, in any normal year, normal functioning of the market, there is,
you know, markets do take into account the compares, right?
So 2025 was already hot.
So 2025 was already hot.
So to expect a significant increase in guide from a very strong year is very difficult.
So even a marginal increase is still a big deal when your previous year was a massive increase.
So we're just not analyzing at that level anymore,
just killing it and saying,
now we'll come back and visit it when it's cheaper, right?
Which I think is unfortunate,
or maybe it's fortunate
because it gives you lots of opportunities
to look through at the end of the season
and see what's sold off, but unfairly so.
And I think you're going to start seeing some of that in software
and certainly in other sectors.
And anyway, that's the work.
Do you think some of that has to do with, like,
just what the market's done for two and a half, three years at this point,
kind of where we're at maybe, valuations and stuff?
Is this maybe probably just normal for the cycle
no certainly valuation is part of it right it's it's probably the most important part of it
but you also have to remember you know at some of these growth rates that they're still showing
the multiples are getting crushed dramatically so they're not anywhere as expensive as before
so if you see any sort of re-acceleration from here the the stock is you know has the potential
to look very cheap i mean and nvidia's forward if i if i remember correctly i was just looking
it up this morning let me look at it again.
It's in the 20s, 24, 25, something like that.
Basically trading at the S&P valuation. Yeah, exactly.
Which is kind of crazy.
So look, given how well they've been beating every quarter on the estimates,
forget the guide for a second, just based on how well they've been
beating. The earnings estimate midpoint is, the earnings estimate average is at $7.29 for the
fiscal year for NVIDIA. The high estimate is nine and a half. I am certain it's going to come in at least $8, if not quite a bit more. At $8, you're talking sub-25
forward EPS. And that's my point. Even a stock that has run as much as NVIDIA has in the last
five years, the earnings have caught up and it is cheap. So the real question you have to be asking is, is that earning sustainable?
How much of a risk is that earning, you know, is that multiple going to have?
I think the problem is timing here, right?
If you look at the next three, four, five quarters, I don't think the problem is huge.
I don't think the problem is huge, but maybe, you know, six quarters, seven quarters into, you know, year 2028, fiscal year 2028, you might start seeing that that that multiple go really start fundamentally valuing every one of these.
So my best guess at this time, having just run enough of the numbers but not all of it, is 70% of the sell-off is probably not going to recover fully.
is probably not going to recover fully.
Maybe 30% of the sell-off what's left,
maybe half of that will recover somewhat.
The other half is the most interesting,
maybe 10, 15%.
Could be damn cheap here.
And that's what we need to separate, right?
So I'm trying to tighten down and say,
you know what, if I'm looking at SaaS,
I don't even care about non-GAAP profit. I want gap profits. I want everything in it. I want all of the standard SaaS metrics to be met and beaten significantly and not at risk of falling off.
if every one of those meets,
then maybe it's one of that 15% or so
that I'm interested in.
But on a whole, earnings is telling us
that guidance is not blowing out
as it was maybe five, six quarters ago.
But, and then you see Dell a part of this play is it just like pockets I guess I mean there
are companies doing well but I was quite the forward guidance from Dell now up 12%
so that's a that's that's a good point right you have to also remember that when you have a thematic
different industries and the thematic work at different points in time.
We've already seen maybe the semis have run up a lot because they were the early beneficiaries of it.
We've still not seen software benefiting from, you know, from AI and what the, you know, what has been produced with all that spend.
But and we've certainly seen the industrials benefit, right?
I mean, the industrials are at all-time high multiples.
Some of them are insanely priced, right?
Even more expensive.
I think GEV is far more expensive than NVIDIA.
So maybe the server makers are catching up on a valuation that they've not, you know, had the benefit of running up.
Hey, Dell, I have to look deeper into the numbers, right? Dell is the largest enterprise storage company. How did they say anything about storage?
the largest enterprise storage company.
How did they say anything about storage?
I honestly did not dig in deep enough
to know that answer for you.
I mean, it seems like everything's working.
JP Morgan reports near record stock buying
from retail investors.
My secret sources just told me that in my ear.
I'm sorry, repeat that?
No, I'm just kidding.
Ryan put it in the chat.
Amit, did you get the chance to look at Rocket Lab burnings or anything?
Yeah, they seem to fall within expectations and then they got it to 185 to 200 million in revenue for next quarter which is
pretty good um the color for rocket lab is going to come from their call because their call is
going to sort of like provide more details on neutron which a lot of people were concerned that
neutron might be delayed and we'll get more color on that i suspect during the call it didn't
seem to have anything in their slide deck about neutron being delayed so um yeah it'll be interesting
to see rocket lab is just executing brilliantly by the way their backlog is now 1.8 billion up from
like 1 billion which is incredible so they So they're in a fantastic spot.
And most of that backlog has nothing to do with their neutron rocket.
So it's all satellite-based technologies that they are selling
as opposed to launch services.
So two different businesses that they're in, launch services
and satellite technology.
And the satellite technology piece alone is just skyrocketing already because they're not really pre-selling
their neutron launches because they want to make sure that they can fine-tune that before they
start selling it heavily. So Rocket Lab is one of those companies where I'm extremely excited about their future over the next five years.
Ten years is going to be incredible.
Yeah, Rocket Lab is an interesting one.
Stock's been a little all over the place here in After Hours.
It was up a little for a second. It was down 5%, 6%.
I'm seeing it down here 3%, but hanging in strong around uh seventy dollars is it a name you've added to
uh recently at all the semi recent i mean obviously one is a little lower but was it
the name you were adding to i think my last ad of rocket lab was probably in the 30s i want to say
maybe 40s i don't remember exactly.
But I continue to be excited about it.
I mean, it's not a cheap stock in the same way that, you know, there's like now other stocks that their PE ratios and things
are extremely attractive like Meta or Micron or even Robinhood.
But Rocket Lab's future is extremely bright. And, you know,
space in general is growing very, very rapidly. And Rocket Lab is in a fantastic position to be
able to capitalize on that growth. So I haven't added recently, but if it drops in a significant
way, in the same way, for example, that Robinhood has over the past few months.
You never know.
I might add some more.
But right now, Rocket Lab is my largest position in my portfolio.
Interesting.
All right.
All right.
So I'm just digging through other numbers, right?
So TerraWolf, again, my curiosity is about the Google contract.
So they actually called it out. So Lake Mariner, 380 megawatt with fluid stack and credit
enhancements from Google starts in 2026. Abernathy, majority owned by fluid stack,
Kubernetes, the majority owned by Fluidstack, starts in H2 of 2026.
So either Fluidstack gets revenue to pay for it,
or Google will be on the hook for quite a bit of this.
So that's 380, 480, 540.
Almost half a gigawatt, 550 megawatts.
Amid, can I also ask you,
and then I do want to get logical into the conversation here.
Amid, you got to interview Rivian CEO, RJ Skarange.
Maybe I might have said his last name wrong it's never been great
with names i'm sure a lot of you guys have realized that at this point were there any
interesting parts of that as you're kind of here we're a couple days from it i don't know exact
when it was filmed but i did see it was posted really cool congrats but uh what were some of
the stuff you guys talked about thank you thank you um yeah So there was a bunch of, I think, detail and color that
RJ provided on Rivian. One of the biggest things, if you say anything positive and, you know, I
challenge you, like I suspect it's still happening, but if you say anything positive about Rivian, undoubtedly somebody will respond to your post with a graph of the cash flow burn that Rivian has had over the past eight or nine years, which is roughly $25 billion.
And it compares that sort of cash flow burn with Tesla, you know, because Tesla's cash flow has been in the positive territory.
you know, because Tesla's cash flow has been in the positive territory.
And, you know, so people who are very much Rivian haters bring up that chart every single
time anybody talks about Rivian in any sort of positive way.
So I brought that chart up with RJ and I asked him to sort of respond to it. And he did a great job of sort of like addressing what it takes to build a large, you know,
scale, high scale company and to do so at a time when the automotive industry parts
were not cheap.
And then it went from parts not being cheap because the automotive industry, parts were not cheap. And then it went from parts not being cheap,
because the automotive industry was doing really well in 2018-2019 timeframe,
to the supply chain shortages that happened in COVID, which caused basically,
made things way worse and caused them to have to overpay for all the parts for Rivian.
But at the same time, they had access to capital, right?
So, you know, during COVID, as you guys all know,
the stock market did really well
and access to capital was more prevalent than previously.
So they had a choice to make as to whether or not to shut down
or to continue to build the company, but to do so
at a higher expense rate than they would have expected, they would have liked to have.
And so over the next few years, they basically had to make these ridiculous
contracts for supplies that were way more expensive than they should have been.
All of that is sort of like behind them now.
And the R2, which is their sort of like vehicle coming out in the next few months, is designed
to be less than half the cost.
The bill of materials, the parts that go into the vehicle is less than half. It's a lot easier to
manufacture the vehicle. So they have high expectation of this vehicle and they've already
made their R1 vehicles to be profitable on a cash basis. But of course they have to depreciate the
the manufacturing facilities and divided by the number of vehicles that they sell.
manufacturing facilities and divide it by the number of vehicles that they sell. So
So that depreciation has continued to make their automotive department, you know, have
negative margins.
But as they scale up R2, all of that problem is going to go away and they expect to have
really good margins on the R2 product.
So when you sort of like combine all of these facts, the future seems pretty bright.
And, you know, we talked quite extensively about that.
We gave him some hard questions to answer.
And, you know, we tried to and software driven vehicles and autonomy and robo taxis and level four autonomous vehicles are the future.
And Rivian is basically second to Tesla on all of these fronts.
There is no other there is no other company that is ahead of Rivian.
Right. So with all of those cases being made,
it just continues to make me excited about Rivian
because it's a $20 billion company
and you cannot find anything close
that has the level of technology and investment
that is necessary.
Just to give you some perspective,
Ford just took a 20 billion
dollar write-off on one vehicle the ford f-150 lightning that they spent 20 billion dollars that
they just basically was like okay we we give up and they spent 20 billion dollars you can buy
all of rivian today for 20 billion dollars right? So Ford took a $20 billion write-off
trying to build one vehicle.
And all of Rivian, with all of its service centers,
with all of its showrooms,
with the three different vehicles,
with the fourth mass market vehicle
that's about to be introduced,
all of it combined is worth $20 billion.
So it just goes to show you
how ridiculously inexpensive Rivian is relative to what it would take to build that level of technology.
It's a great interview, by the way.
If anybody wants to watch it, there's a link in my profile to the Buy Hold Brand podcast.
It's in there.
Shout out.
Definitely.
I know it was going to be a great podcast.
I mean, awesome host.
Appreciate you being here.
Check that out in his bio.
You can watch it after we close this down in a little bit.
But make sure you're following the speakers.
Stuff like that.
There's interviews with some of the companies you guys are watching.
There is live streams all day every day there are
spaces there is so much content going on
if you are following the people who are
live up here on the stream right now
on the spaces it honestly
is the most follow I do appreciate everyone
and you can pin that up in the nest above
if you do want to
yeah I mean
Duolingo
crazy but yeah I'll do that in a minute Yeah, I mean, Duolingo, crazy.
But yeah.
I'll do that in a minute.
Machacado.
What's going on in your world, Ryan?
I was just thinking of different ways to say crushed in Spanish.
Yeah, it's Duolingo.
That's crazy. It's down like 84% from its highs, from all Duolingo. That's crazy.
It's down like 84% from its highs, from all-time highs.
Ooh, good post. Should I do it?
Here, let me measure it out for you just to be accurate.
No, it's the classic.
If you had bought the stock, blah, blah, blah, here's how much you'd have today.
83. 83%. bought the stock blah blah blah here's how much you have today 83 83 percent so if he had bought like ten thousand dollars at the high you'd have like twenty seven hundred maybe a mass seventeen
hundred twenty seven hundred they might actually be seventeen hundred damn seventeen hundred bucks
well they're off quick man we'll get that post up a little later let's see plus two is four. Minus one, that's three quick maths. All right.
Yeah, outside of that, I mean, from a technical structure,
there's a pretty decent chance that you spent two weeks in,
like if you're just looking at tech, I guess more than anything,
the NASDAQ spent two weeks consolidating, did a look above that two-week kind of consolidation,
hit the 50-day and got rejected hard today.
At the same time, it's still holding the trend line.
It's kind of a no-man's land, but it's not a great look when you get out of a consolidation period,
look above it, and fell back into it.
So jury's still out, but it'll be interesting.
So what happens?
Microsoft is selling off a little bit here
in After Hours, new lows.
I didn't see anything on that.
I did see JP Morgan maintained overweight on NVIDIA,
raised price target to 265.
And UBS upgrades Palantir to buy,
maintains 180 price target here in After Hours.
Repeat that last one for me.
UBS upgrades Palantir to buy maintains price target of $180.
I will take a look into that.
So I'm looking through Warner Brothers.
So they have not, they've just suggested that the deal looks better.
There is no decision yet.
So it does not trigger anything on Netflix side.
Netflix site. So right now,
So right now the Netflix deal is still on.
the Netflix deal is still
on. What I read
was the
Paramount offer was superior, but
Netflix, I guess, has a four-day
match period. That's the
headline I was reading a few months ago. No, that needs to be triggered.
That's not been triggered. That's what
I'm trying to tell you. Sure? That looked like
they were triggering it. No.
No. They have not
gone to Netflix and said that, you know, they want a new offer.
That is up to the board.
We've not seen the board resolution yet.
WBD has notified Netflix of its determination that the Peace Sky proposal constitutes a company's superior proposal.
Can you post it?
Can you post it?
Yeah, I did, actually.
Yeah, I did, actually.
Under the terms of the Netflix merger,
the notice triggers a four-day business day period,
which Netflix has the right to propose revisions
to the Netflix merger agreement,
so that Peace Sky would constitute that to be the better offer.
Find the conclusion of that period.
The board, in good faith, blah, blah, blah, legal advisors.
Yes, I think they did start it.
Yeah, I think they triggered. I think that's what this headline was. They did trigger it
monitor. But there was a headline this morning. Somebody was looking into it. I didn't get
a chance. I don't know. Maybe if you did monitor that Netflix now, it's either priced in where
they're at of what they're going to spend, I guess, unless they match this offer or did
they put some money down? Did they have a preliminary agreement where they actually get something back?
Is that what I was reading this morning?
No, so there's no money that can exchange hands before approvals.
So what it is, is Netflix.
So on the current deal, if the board is willing to stick with the current Netflix deal,
Netflix has to pay almost twice the Netflix deal, Netflix has to pay almost twice
the breakup as Warner Brothers has to pay. So if Netflix does not close the deal for whatever
reason, they pay about $5.4 billion breakup fee. If Warner Brothers walks away from the deal,
right, that happens if Netflix just says, no, we won't match it. This is our best offer.
If Warner Brothers walks away, they have to pay Netflix $2.4 billion. And that could come,
and Paramount already said that, yeah, they are looking to include that in their deal.
Interesting. Thank you for clearing that up. I didn't have a chance to circle back that was on my
no i'm counting i'm counting on netflix not moving because just announcing that they're
not doing it is going to jump netflix up significantly screw this deal take the money
are you surprised it's not moving higher in after hours, is it? I haven't looked.
It popped and faded back down a little bit. Yeah.
Yeah.
I mean, it's dancing around the 50-day EMA.
So four days brings us to mid next week.
It was nice to see after like 14 weeks in a row of red action, it was nice to finally see the thing pop back up.
I've been buying it on the way down.
Do you think that they should do the deal?
Do you have a stance on...
Hell no.
You think Netflix should walk?
Hell yes.
They should walk.
They should go buy Lionsgate.
Screw this. Four billion, they can get Lionsgate. Screw this.
$4 billion they can get in Lionsgate and then some.
This is a money sink.
This deal will probably get killed by regulators anyway.
Why even go through it and end up paying $5.4 billion at the end of it?
Just screw it.
Walk away.
Take the money.
Run.
That clear enough? So if Warner Brothers accepts this other offer, does Netflix get money?
Yes. That's kind of hot.
That's 2.4 billion.
That is kind of hot.
Hold on, hold on, hold on. So Warner Brothers, assuming that they've told Netflix they want to accept the deal which is what triggers the four day class
Netflix has the right to match it
that's enough
they don't have to beat the offer
if they match it
then Warner Brothers is obligated
to stick with the deal
or they pay 2.4 billion breakup fee
if Netflix is not willing to match it and sticks to their current price,
then Warner Brothers board has to make a decision.
If they decide that they want to go with Paramount,
they have to pay 2.4 billion.
The only condition Netflix is still in the picture
is if they up the deal.
If they decide to up the deal
then you know it's a new deal
whatever the you know the
consequences of that but that would
be terrible for the stock.
That would be terrible.
What do you think?
I have to get out of my positions in three days.
I don't know that I'm confident enough they'll walk away.
They should.
But I don't have that confidence.
Hamid, do you have any thoughts here?
So Netflix buying Warner Brothers is, I think, I mean, the way I see it is that it's a good deal for them to take out a competitor,
basically eliminate the major potential threat from a content perspective.
eliminate the major potential threat from a content perspective. HBO is the only company
that has decent content that sort of rivals Netflix. Their content is fantastic. They could
bring that in, optimize it, do really well. I think it's a good thing for Netflix.
If they walk away from it, it's not necessarily the end of the world because it does
seem like Warner Brothers is in shambles and some new potential buyer is not going to be able to
take it, change the culture, and still have HBO be a major threat to Netflix from a content
perspective. So I suspect things are going to shake up in such a way that it would not carry on the
integrity of HBO to be able to continue to make fantastic content.
So like if I was to put my business cap on and look at it from that perspective, I would
say that either way going forward, Warner Brothers is no longer a major threat
and HBO is no longer a major threat to Netflix.
And they've already succeeded at doing that.
So they walk away from the deal.
They're a winner.
They continue to finish the deal.
They're still a winner
because they'll be able to consolidate those subscriptions
and be able to optimize the shit out of it
and charge more and figure out like ways to sort of really optimize for revenue.
Either way, in my view, Netflix can't lose. Now, Netflix as a company is not cheap. You know,
it's trading at a relatively high premium, even though it's down pretty significantly.
It started trading at a premium sometime early last year,
maybe the year before.
But putting the stock aside, as a company,
it's in a fantastic position to continue to thrive and do well.
So that's my perspective on it. I don't own Netflix,
but I used to, and I sold it when I thought it started to get overvalued. And I think I sold it
roughly a year ago, maybe a little bit longer ago in the 90s. And the stock price continued to go up
obviously all the way to the 120s
and seemed like it was a mistake,
but now I can buy it for less than the 90s.
So that has happened several times on Netflix for me
when I've sold it at what I thought was overvalued
and it just keeps going up,
but then eventually it comes back down.
And sometimes it goes back down in such a way
that you can buy it at a bargain.
So if this deal doesn't go through and the market decides that it's a negative thing for Netflix,
you never know.
Netflix's stock could get hammered by 30%, 40%, 50%.
I've seen that happen before.
And then it would become a bargain if it was 50% off.
And who knows?
I might be back in Netflix at some some point in
the future do you think Netflix is being priced more as a media company instead of like a tech
company because it seems like it was a tech company there for a long time and then as everyone
kind of caught up with them it seems like it's being repriced like more comparable to some of
these media companies it's kind of in between the two.
Well, when you look at their sort of like fundamentals today, a price earnings ratio of 33,
it's not cheap, especially with only a 15% growth rate. Historically, it has had a much higher growth rate because it was a much smaller company. But now you look at like Meta, it's growing at more than 20% and has a PE of 22. So
why would you expect Netflix to get priced higher than a tech company that is growing faster than
Netflix is? It just doesn't make sense. So, you know, from my perspective, Netflix is still
overvalued. It's a great company.
I would love to own Netflix, don't get me wrong,
but I would love to own great companies at good prices,
and I would not consider current price of Netflix a good price.
Well, at forward multiples,
Netflix is likely to make at least $4 next year,
this full four quarters.
So we're talking about just under 21 or 22 forward P.
That's not expensive.
Current P, yeah.
I'm not sure where you're getting the $4 from.
They're expected to have $0.76 of profits.
Full-year guide.
Yeah, but is that their own guide, or is that speculation on X, or is that like analysts?
No, that's the consensus estimate is $3.85.
census estimate is $3.85. That seems quite high considering their next quarter or the current
quarter that we're in, Q1, is expected to be $0.76. So, you know, they're going to make...
I mean, I'm talking about four quarter multiple, right? I mean, four quarter earnings.
Okay. So $0.76 takes you to $3, what?, 55, $3.60, assuming it's just no growth.
Right. But what I'm saying is that that forward might be taking into consideration
the Warner Brothers acquisition. And then if, if that is taken into, into consideration,
you might be right in that it might achieve $3. Actually, actually, if, is taken into consideration, you might be right in that
it might achieve $3.
Actually, they can't.
First of all, they have no basis to add one of the numbers.
But if they do, I think it will be terrible because you're going to have a lot of dilution
and you're going to actually, it's a cash deal, never mind.
You're going to have debt, which is going to kill off your EPS because of interest payments.
So it's going to actually be terrible if the deal closes, which is why I'm saying Netflix is at a good place if they get out of this deal.
deal. If they get into this deal, it's expensive because you're going to crush your earnings,
at least for a while before they do all the cleanup act and bring back growth into the
Warner Brothers franchise. Until then, it's going to be a mess. And remember, part of Netflix's offer is also spinning off a piece of one of...
So this could be a mess in the making, which is why I do not like the deal in any sense.
It's going to take two years of antitrust hell to get this deal through.
This is like the best opportunity they can imagine.
They should just bite back and say nope this is it
best offer take it or leave it and walk so one thing i would say is that if your view is completely
opposite the management's view of like what is good for the company and you're still wanting
them to do the opposite of what the CEO and management of the
company executives want to do in the hopes and you still are bullish on the company because you
think that they're going to do well I feel like that is the wrong set of reasons to invest in a
company because which is why I want to walk away as soon as they confirm that they're going to up
the deal I'm out I don't want to have anything to do with it that's exactly my point you're right yeah
so i mean like the the best time to have done that is the moment you realized you're you're
sort of like having a different viewpoint than the than the management but no no i took a position only after earnings uh the the most recent earnings
yeah okay gotcha yeah yeah so so it's a trading position for me it's a significant trading
position on the assumption that it's short-term oversold and the deal is not likely to you know
go forward gotcha i um i don't trade in that way,
so my perspective is different.
I agree with everything you said about longer-term position
because we are in a place where we don't know
what it's going to look like.
It could be a hell of a lot expensive
or it could be reasonable.
Yeah, it makes sense.
Logical.
I haven't heard that much from you on the spaces.
You got any thoughts you want to chime in?
Sorry, I missed a little bit of this.
I'm trying to get some work done.
It's been an absolute nightmare.
I'm taking a little vacation stress relief.
I think we all need a little time away from the screens starting tomorrow.
So I am trying my best to get some stuff done last minute.
So apologies.
I haven't been paying too close attention to the conversation.
I'm not sure if I can add anything there,
but I can give general thoughts unless you wanted me to comment on.
No, you can go for your general thoughts.
You're good.
Let's hear some general thoughts.
What are we watching?
Here's what I can say.
One,
I think it doesn't take a genius to know that the results from NVIDIA are absolutely amazing. But it also doesn't take a lot of observation to see that it was only up 2% yesterday in After Hours, and today it went down 5%.
One, what does this mean?
I think one thing is, look, NVIDIA is already getting $200 billion.
Okay, they're not getting $200 billion entirely.
But my point is, Amazon just upped their CapEx guide from $140 to $200, which is insane.
And then Google up there is from $120 to $185.
Insane.
So these guys are already spending $200 billion on CapEx.
You got to think about that is a majority of their free cash flow and some of them are actually starting to lever
up and take on some debt okay if they're already spending 200 billion dollars look there isn't
on the other end of that on the supply side there isn't even there's probably supply shortages right
the demand is outpacing the supply that's why you're seeing pricing and memory go up up up
but my thought is okay look they're still
going to somehow meet that demand whether it's through price increases or whatever and eventually
maybe supply will you know be able to build out okay so that's actually a concern is if you get
like this kind of bullwhip effect where the demand is super high and then you build out all this
capacity and then eventually uh you've built out all this capacity. And then the demand doesn't continue to increase linearly or exponentially as it has been.
So I guess what I'm trying to say in a roundabout way is how much more can these hyperscalers
spend?
Over $200 billion a year.
I highly doubt that.
Amazon, that's 10% of their market cap.
They're spending in one year.
And so they'll do that this year. They might do do it next year they might even do it the year after that
But I think what I'm trying to say is like what's the incremental increase in capex right so like let's say you know a portion of that is going to
Nvidia right and the same portion is going to Nvidia again the following year let's say their capex increases 10% or even stays flat year over year the issue is
Nvidia is already capturing all of this demand.
So, you know, what's their, like one person's capex is another person's revenue.
And the capex is already reaching points that you've got to believe that.
I mean, just mathematically, it seems really insane to think that they could even spend more than $200 billion a year. So I think, you know, that's kind of known in the market now. So, you know, when it
comes to NVIDIA, yes, it's extremely insane stock. Absolutely insane. The numbers are bonkers, but
we're seeing this kind of peak levels of CapEx get there. So, you know, people probably aren't
buying this stock because they're like, okay, like, yeah, like this company is going to get to, you know, a hundred percent free cashflow
growth in the next year. It's like $30 billion or whatever it is. And it's like, or, you know,
per quarter, whatever they're doing, it's just insane numbers. But then, you know, people probably
start to wonder, okay, but how much are they going to grow if CapEx budgets are absolutely
maxed out? So I think that's the kind of tough
part of the equation is that, you know, people don't want to be the last person to buy Nvidia.
Now, I think, you know, if we do get a true AI bubble, this is not an AI bubble, you know,
and valuations multiples go back to expanding, then, you know, Nvidia could double from here and
become like a, you know, a $10 trillion company, first company
to $10 trillion. That would probably be like the sign that, okay, this is probably the, you know,
top of the bull market. So I don't necessarily, I'm not really necessarily bearish on the market,
generally speaking. I think that from a fundamental perspective, people are probably
more sane and rational than the market makes you believe.
People are probably like, oh, dude, they're going 100%.
They're trading at like 25 times earnings.
Like, yeah, but people are probably forecasting out a couple years
and thinking, yeah, what's the growth going to look like?
Because they're already capturing all that demand.
So I think your thesis on some of these names
after such high price increases and the valuations, expansions,
and already a lot of
this growth being priced in is, um, you know, what, what is it going to take to take this market
the next like higher? And you probably got to believe that, okay, the fundamentals are priced
in. So you've got to get valuation to expand. You got to get multiples to expand again.
That would make, so that's the,
that's the tricky part about the market in a lot of senses that things are probably fair valued.
So to be a general, like this market's going to go vertical kind of bull. The only way that
happens is through multiple expansion mathematically. And that can happen. So I'm not
saying that that can't happen. But you know,, choppy market, tech's been lagging. Probably a lot of people don't want to stick their neck out and buy MAG7 right now because they're in an investment year. It's taking up majority of their CapEx. They're going from asset light businesses to asset heavy businesses. They're levering up balance sheets. That's less money going to buybacks improving eps
um so and then you know a lot of investors are more rational than you think you know people are
like oh you know nobody wants to buy you know walmart at 40 times earnings when you can buy
amazon it's like yeah but uh you know walmart is not expecting to spend 100 of their free cash flow
uh so those earnings numbers on you you know, Amazon, for example,
they look good, you know, because 20 times, but if you do free cash flow multiples, it's like
astronomical now, because a lot of that capex, which you're not seeing in the earnings number
is not there. So I actually think that the market's very rational. I think it's been doing
the right things. I'm not, again, generally bearish because I would say, you know, a broadening
of the market is a good thing. But at the same time, we all know the size of tech and we know
the size of these other industries that are up like 20, 30% on the year. You know, they're 2,
3% of the S&P waiting. So they've already gone up 20, 30%. They are already doing their absolute best
in keeping the SPY afloat through the RSP strength. The median stock's doing well,
but the average isn't. So, you know, how much more do you want these staples to go up? Like
you, you really want them to be trading at 45 times earnings. And that's how we keep this bull market alive.
And the SMP is, you know, to keep it up.
You need tech to participate is the TLDR.
Otherwise it's going to be basically at best case choppy year for the SMP.
It's going to go sideways.
Tech's going to be a drag because that's probably going to go sideways.
probably going to go sideways. I think best case for tech right now feels like sideways.
I think best case for tech right now feels like sideways.
So I think this is kind of a year in the market that a lot of people, if it's their first cycle,
it's okay. This is actually, it could be way worse. I know some of the moves have been brutal
in individual names, but like, could you imagine if the S&P and the Qs were just down 10, 20%
right now? Like a lot of these other stocks would be down a lot more than they are today.
And that's hard to imagine.
But after you had two very easy years in 2024 and 2025 with huge gains, I mean, having
consolidation, having kind of a give back year, a little bit on some of the gains, get
the froth out of the system.
These things happen very normal.
I don't think it,
you know, obviously this AI thing is here to stay. It's very big. There will be efficiencies seen.
It could just take a couple of years. And so a consolidation year after three years of 20% gains on the SMP is probably the best case scenario. You know, a consolidation year chopped
sideways, it could mean like, you know, you have a, at some point, you know, a consolidation year chopped sideways, it could
mean like, you know, you have at some point, you know, given it's a midterm election year,
and that's seasonally a time for a correction, you could get like a 15% correction sometime in
the middle of the year. And then we finished the year with a rally flat or something like that.
I mean, I'm just saying there's a lot of scenarios that can play out. There's no point in trying to
predict which one will be.
But I would just say generally the market participants are being very rational.
I think valuations are, you know, they get out of whack for a little bit to the upside.
And then people start to kind of, you know, tighten the belt and make sure that things are making sense.
You're not just paying ridiculous things for ridiculous stocks.
So that's all healthy to me.
Yeah, good reset year.
I'm having not a great year, honestly.
I'm trailing the S&P by a couple percent.
I had a couple of rough earnings.
So I'm right there with many people on getting hit.
It's a choppy market.
It's really tough.
Some things are working
great and then a lot of things are getting absolutely killed. I'm not the kind of person
that's going to, you know, stack up my portfolio and chase like industrials and materials and
chemicals companies. Like I'm just never going to be that guy. I am going to be prudent in the way
I manage and I'm going to buy, you know, I'm going to hold onto things that are higher,
higher conviction for sure. Valuation wise, they yeah i mean it hasn't been an easy year easy start to
the year uh today i'll give some good news though nvidia you know pretty badly reversed to the
downside today but the queues held up just fine. And the mags held up
just fine so far. It doesn't mean that it can't roll over from here. But something in my gut
tells me after looking at price action for so long that, I don't know, the selling in the near term
feels like it's pretty exhausted. I think on the IGV side, which is software, everyone wants to call a bottom,
but today's volume wasn't all that convincing. We faded a little bit by intraday. I think it's
possible that the lows in software are in, possible. Like I wouldn't be shorting it here.
Like if you're shorting here, you're very late and that's probably how people get squeezed.
But it doesn't also mean
that you're gonna get like this sort of v-shaped recovery because you know as i mean we just saw
that there's huge layoffs on a block if there are less white collar employees then there are less
seats that they require on their licenses and that has been kind of the fair case for software companies.
So I think the narrative around this is it's just going to take some time.
It's like everyone wants to rush and buy, but I actually don't think that price is going to be the biggest risk.
Because I do think a lot of these are at good values and they'll end up being okay. And I think I heard Monod have said it before, but around, you know,
he wants to see gap multiples that are reasonable,
not non-gap,
which means that they're stripping out
their stock-based comp.
Something to note is that software companies
have this currency made out of thin air.
It's called their stock.
And they are able to use that stock
to pay out employees.
It's been one of the strongest things,
especially as the stocks got more and more expensive on a valuation basis, that they're basically able to pay out their employees in stock instead of cash.
And it's like, hey, look how profitable our stock, our company can be on a cash basis.
But what happens when your stock gets cut in half or worse?
Then all of a sudden you're diluting shareholders way worse.
So it's a really great thing when your stock is going up and your stock has an expensive valuation.
It's like if you've ever paid attention to any M&A, like mergers and acquisition,
when a company acquires another company, the smartest thing that they can do is use their own stock to buy the company and all stock transaction.
If the acquirers company is valued really, really high, that's the best thing you can
And so that's kind of how I would think about how they're paying out these stock-based
compensation.
So their employees over the last 10 years, the stocks have been dramatically expensive
compared to other sectors.
And so, um, they're not cheap now they still
aren't and then the SPC the stock-based comp dilution is basically two times worse if the
stock's down 50% so it's just a tough situation and then you're seeing layoffs which means that
software companies in general are probably gonna see see less revenue because they're going to sell less seats on their licenses.
So I just think it's going to take a little bit more time
than people are willing to give it.
And, you know, there's nothing wrong with that.
So I think the bigger risk in software is,
I'm all bearish on the stocks here.
They're not like screaming cheap.
I think some of them are probably overdone but the bigger risk with
them isn't about you know how much more downside is there i think the bigger risk is is it
opportunity costs to hold this stock while it bases for the next six to twelve months because
i i don't think that v-shaped recovery is coming for the software sector especially when you know claude is coming
out with a new software disruptor every other day it's funny so one of the things that we're
working on on the side wolf team it's called rallies it's uh it's like a it's whatever it's
a portfolio manager basically trying to use ai insights you can hook up your portfolio ask uh
you know ask to chat against it you know we're
training with different information but we're doing a little bit of like a battle of the ai
i don't know if you've seen this on x uh claude today in our uh battle of the ai is it actually
bought crowd strike it bought it bought one of the stocks that it's been destroying i just thought
it was funny it made me uh question myself does the uh i know it's not connected it's not the
company claude but does the uh does the ai know something is it always one step ahead
skynet i just thought that was fine yeah no i mean it's fair look um i think the best thing i
can say to people is that it's an extremely choppy market the things that have worked in
the last couple years has not been working. Narratives are changing, you know, and on the near term, narratives are very important
for stock prices. It doesn't necessarily mean the fundamentals are affected. I think long-term
earnings are what drive stock prices, right? So if a company can show earnings over a long period
of time, the stock will trend towards the earnings growth. The issue is that, you know, the sell-offs happen in a blink of an eye and the companies don't have multiple quarters
in that timeframe of the sell-off to show you that the earnings are going to be okay. So in the near
term, the sentiment is driving the valuations and the stock price, stock prices lower. So, you know,
one thing I would say is it's not just software. There's a lot of places in the market that are getting hit pretty hard.
You know, I was in a position yesterday.
I got absolutely clobbered in this PRCT, Procept BioRobotics, had a horrible report.
I dumped it.
And I see today that it actually recovered a bit.
So probably sold it too soon.
But I mean, those numbers were disgustingly bad.
But the thing that saved me was that I'm not trying to be a hero, especially I mean, those numbers were disgustingly bad. But the thing that saved me was that I'm not
trying to be a hero, especially into earnings, especially this earnings season, when things are
extremely volatile. You know, I had maybe a 4% position in that. And so that's, I think the only
thing that you have in control as somebody who picks stocks is obviously the stocks you pick,
obviously, but sometimes you don't have control over what is
going to be said on a specific earnings report, how the market is going to react to that.
And over time, the thing that you learn that the only true thing that you have control over is
position sizing. So if I size that, you know, PRCT position as, you know, 10%, I'd probably be crying today and I'd be sick to my stomach and so that is I think the
biggest thing right now is be reasonable maybe size up positions like go into the earnings with
a little bit less size after the earnings print look at the numbers look at the numbers, look at the reaction, look how it looks, the chart, and then you can like add to
that position. Um, I just, it's not even just about earnings in general, but I think the main
thing that I've learned is just position sizing is so important. And that's why I don't really ever,
like, I know a lot of people love to be super concentrated in stocks, especially retail
investors. They'll be like, Oh, I have like 80% in this one be super concentrated in stocks, especially retail investors.
They'll be like, oh, I have like 80% in this one position.
It's like, dude, like if you had 80% of your portfolio in him's and hers health at like 40 or $50, I mean, you're absolutely cooked.
There's a guy on here who put like $10 million of his net worth, literally his entire net
worth, fully on margin as well in path, UI path. And
that thing has shrunk, his account shrunk 80%. I see him post it all the time. I mean, it's sad.
I think that is like severely harmful to yourself. There's no badge of honor for losing that kind of
money. And, you know, conviction is cool when we're in a raging bull market to the upside.
And, you know, conviction is cool when we're in a raging bull market to the upside.
But I think oftentimes people forget that, you know, sometimes it's the not sometimes.
Oftentimes it is the environment that makes you either feel really smart or really stupid.
Last year, you probably felt really smart the year before that, too.
And this year you probably feel really stupid.
The truth is you were never really that smart and you're never you're not really that stupid.
It's the environment and you're not going to like outpace the environment. You you're better off recognizing the environment and just saying, Hey, look, I'm a average person, but that sense
of awareness is going to make you above average. So don't be too hard on yourself. If this year is
tough for you, it's tough for a lot of people. Um. Don't get too high on the highs, too low on the lows.
You know, I think we all feel it, even really good investors.
So, yeah, don't, yeah.
2025 was a great year.
Don't lose it all.
Don't lose all your gains.
That's tragic.
All right.
I appreciate the rundown there, Mr. Logical.
All right, we are here past that 5 p.m. Eastern mark.
I'm going to kick us, not do a hard cut off here, but we are a little closer into that part of the spaces.
Set us a couple times. Make sure you are following the spaces. I said this a couple times.
Make sure you are following the speakers.
I appreciate everyone for joining us on these conversations,
live every single Monday through Thursday,
3 to 5 p.m. Eastern at least.
Emp, Mr. Ryan, how are you doing, sir? Doing fantastic, Evan. How are you?
I'm excited. I'm doing well. It's been long days.
We have a nice busy weekend this weekend.
More work, so that's fun.
We had some good posts doing today.
Just hanging out. My AC, the water was like leaking down from the thing and it was
just clogged the drainage thing so i fixed that that's a w so that's a thing off the back have
stuff a couple stuff i have to do fix it by yourself uh i just unplugged one thing but yes
i did all by myself it was cool take credit i need to get a suit that is something that's uh
we've been putting off and might hit this in the back a little bit.
But I'm doing well.
I'm doing well.
What I wanted to ask you was and talk a little bit.
I do have a tweet pinned up in the nest above.
You are live every single day, 9.30 a.m. Eastern to 4 p.m. Eastern
on that tweet that's pinned up in the nest above,
which is the Wolf trading YouTube page if
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search for wolf trading it's an awesome live stream shots the guys Ryan is literally the
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hit that subscribe button. You'll never go back go back you're gonna be on that live stream every single day it is so much better but uh but yeah tell me a little bit more
about what you were watching in this market today right i mean i'm not wrong they're gonna have a
good day tomorrow it's gonna be a fun friday stream we got the whole squad on there we will
uh yeah so every every friday we uh we have the entire trading crew over Wolf Trading come on with us.
Special guests sprinkled in here and there.
But every day, every morning, it's me and usually one or two other people jump on there with me in and out throughout the morning.
And then the rest of the crew comes over in the afternoon.
And, you know, we try to just keep everybody up to date with the action.
Obviously, we're doing a lot of day trading and stuff over there.
Mostly futures, a lot of options, some selling options, especially in this current market environment.
High VIX and a range bound.
You heard Logical nicely going over the fact that we're just been in a range.
And honestly, if you look at the NASDAQ, once again, back from October, we've gone up about 4%, down about 4%, up a few, down a few, just back and forth.
And so selling premium has actually been a really good strategy for this type of market.
So we've been doing a lot of that over there.
And obviously breaking news, we get that out to you in real time.
If you're on the YouTube, there's usually only about a two to four second delay, maybe five at worst.
So you get the news pretty quickly, especially all these macro headlines, geopolitical
headlines, as well as if anything happens with your favorite stock, I may not trade your favorite
stock, but I try to call out all the news. I will say for anyone who doesn't know, I run that
stock market news page. Evan, Ryan is very quick with news. I spend a lot of time on news and he
is a lot of the time is the one who's kind of notifying me of stuff. So if you want to cut down that source,
go join that live stream.
Yeah, and then
outside of that, like, you know,
obviously we talk trading where we're currently
trying to, constantly trying to teach
pieces here and there,
especially on the psychology side, the discipline,
self-control side, you know, just
understanding probabilities and stuff
within day trading itself. And then we also just, we just have fun because a lot of times, you know, just understanding probabilities and stuff within day trading itself.
And then we also just, we just have fun because a lot of times, you know, you're sitting there for
seven, eight hours in the market, you get a lot of action in the morning, maybe a rebound into
lunch like we had today. And then things get a little choppy. We always have some kind of fun
topic that comes up and then we've got obviously the live chat there. A lot of people jump in there.
It was actually cool seeing our live chat helping each other.
We had a guy usually hangs out in Amit's stream.
He came by today.
He was just checking it out.
He had a stock or two that he was interested in.
And, you know, hey, I don't know what I should do here.
What was it?
EOSC, I think that was down big today.
And a lot of the chat kind of as they're going through their learning processes
and their different journeys of where they're at
and their trading and investing journey, path, careers,
whatever you want to call it, each in their own walk,
jumping in, helping each other as well.
So it's a really good community hanging out over there, live streams,
live all day, every day, Wolf Trading YouTube.
Come by and hang out.
Evan pops in a couple times a day.
Sometimes it's fun.
Sometimes he pops in
in the middle of action
and kind of just half ignore him
and don't mean to,
but have to.
It's okay.
I accept it.
Sometimes the chat
wants to bish slap me,
apparently.
The family-friendly show, guys.
No cursing.
But, yeah.
But we have fun.
We have fun.
Listen, I love that thing.
Obviously,
at 3 p.m. Eastern, stocks and space is better sorry about it is what it is joking am i i don't know but i actually miss
coming over here i wish like like just that overlap of an hour i miss getting on here especially uh
that first hour stocks and space is kind of getting everybody's thoughts and stuff but I always stop by afterwards yep go check
him out tweet up in the nest above I see monotiv drop down you guys should check
out monotiv he is awesome I enjoy having him on the spaces I don't want to go too
deep because sometimes I don't know what I can and can't say but I today or
yesterday or this week was invited to a very cool event and somewhere in Monitive's neck of the
neighborhood doing some cool stuff uh so uh there's a future event large company a lot of
you guys care about pretty much every everybody in this chat has heard of this company so I'm
I'm looking forward to it getting some exclusive content at those places it's early enough out
there where maybe we get an interview or two set up. I just went through the process for NVIDIA's GTC event,
trying to get some interviews set up. Basically, it's me and Stock Talk going, and I'm going to
have Stock Talk do a bunch of the interviews, and we're going to get them up on the different
places. So Stock Talk will be asking about AI infrastructure, physical AI, agentic AI, like edge computing.
He'll be able to ask some of those NVIDIA people.
So we have some cool access coming up from the squad, from the Wolf team.
If you guys know of any trading events or trading stuff like that,
let me know and we'll get our guy internationally traveling to go to
wherever it is.
I know this guy wants to thrive in person.
Maybe once we're not on dad duty every single morning.
We're going to start working more into it for sure.
Always welcome.
But yeah, I'm excited.
I got a busy couple weeks coming up.
So honestly, Stocks on Spaces next week
might be a little interesting, like I was saying there.
I am flying back to New York at some point next week.
I'm going to Robinhood's event they're doing, and then try and get some content there.
I know Roy will be there.
Maybe a few others will get some content from there, and then we'll try and go to stuff a little later in the month at GTC.
Logically, you're not an NVIDIA GTC guy.
I don't know how far you are from San Jose.
Brother, I'm in Los Angeles, a different part of the state.
It's all the same.
It's all the same.
If you're east of the Rockies, California is all.
We don't understand.
It still blows my mind that Bay Area and LA are
seven hours apart.
Five to six hours, but also, you know
what's so funny? They call the Bay Area
NorCal, but it's more like mid-Cal
because it takes you
10 to 12 hours to drive from
the bottom of
California to the top of California.
SF is only in the midpoint ofpoint of that. It's not even...
Like, if you want to go NorCal, that's like
Redding or Mount Shasta
or something. So, I don't know. It's just
funny. But California's huge, is my
point.
California
is pretty big. It is pretty big.
I hate the time zone.
I put out a tweet the other day saying there's no serious market participant
who lives on the West Coast.
Still stand by it.
But I'm excited for the event.
We've got some interviews coming up.
We'll get Stock Talk doing some good stuff.
We'll get that out there for you guys.
So we're getting access from some of these large companies.
If you work at a large company and you want to get more views at your
events than what was happening before,
I think we should come.
What did Monit have just put his hands down for?
You can't just put your thumbs down and not do it.
I'm down to end the spaces, though.
It's got to be the
West Coast comment, probably.
Oh, it probably is the West Coast comment.
You're right. Alright, that's fair.
I will say, speaking of events evan i'm really excited for the one that we're gonna jump on a call about here shortly for new york anybody that's in that
new york area or boston philadelphia dc in august i'm i'm really excited for that one
i am excited yeah august 3rd talk about this a little bit
honestly in the next couple weeks
we should have a full landing page
but we are doing an in-person event
August 3rd, New York City
literally the center
Times Square-ish area
we're going to be doing a full day
live trading in the morning
stocks on spaces
hopefully 100, 200, it's 200 i just
didn't want to give an exact number um somewhere around there live people in a room get a bunch of
people uh stock talk a few other big people some other large names that come on the spaces
regularly uh maybe someone who comes on a weekly slot we shall see uh so i'm very very excited for
this event yeah new york city area august 3rd you don't obviously have to be from new york to come in but that makes it cheaper
yeah that's exciting it's gonna be a monday we might do some stuff also like a the sunday that
monday afternoon i feel like a lot of this is also just getting to meet like-minded people
doing a little bit of those kind of cocktail hour or whatever it is,
getting to meet a little bit of a group.
I think that'd be a fun time, but I'm excited.
Be on the lookout for that.
If you're in the space, I am sure you're going to hear again more about this event,
especially if you're still here after we've been going on for a little bit.
I'm sure you're going to hear more about this event.
Yeah.
I did not really talk about FIGR, by the way, Q.
I don't know too much about it if I'm being real.
I just saw that it has 50% short interest.
That's why people like it.
Jeez.
Did it have earnings or something?
What's the stock doing?
I just bring it up?
It was a recent IPO.
I remember someone talking to me about it.
It's down 60% in after hours.
Still above its IPO.
All right.
I don't know.
Those IPOs are still just...
God.
If you go look,
and I remember we talked about this back in November,
and I tracked all of them,
and I went and looked at them all again.
I think CoreWeave is maybe one of the only ones that is still above the price it opened the market at from all those IPOs last year.
I just don't get the IPO hype.
There was a couple of those ones that just freaking popped off the start.
There was just out of nowhere, they started flying.
And then it died off pretty quickly
once everyone started getting involved in it.
That's how it goes.
Proof Core Weave down 8.8.
All right.
I appreciate everyone.
We will catch you all next week.
Like I said, I got a little bit of traveling,
so Stocks and Spaces might be a little truncated.
We'll see.
I'll try my best to make sure we are preparing correctly so that we can have some good conversations on here.
I appreciate everyone, as always.
We will catch you same time, same place.
We've been doing Stocks on Spaces for years now, Monday through Thursday, 3 to 5 p.m. Eastern at least.
We appreciate you all allowing us to become a part of your daily routine.
And we hope you'll join us next week.
And I hope you guys will join us for the in-person stocks on spaces.
We're going to do on August 3rd in New York city.
Let's go.
Let's go.
We're going to a Mets game.
Thank you everyone.
We're going to go to a Mets game.
Ooh.
So there is a connect that could get us to a Mets game. Thank you, everyone. We're going to go to a Mets game. So there is a connect that could get us to the Mets game,
but it is a rival to someone else involved in this that we could not do it.
So, tough.
All right.
Good finesse Yankees game.
It's fine.
I don't care.
I don't like either team.
I am a Mets fan. It's a much better stadium.
I would love to go to either stadium, to be fair.
Yankee Stadium may be as history, but it's not very nice.
But Citi Field is great.
Yeah, they spend a lot of money on nice stuff, nice players.
Huge screen.
You're not going to have a great time at the game.
You always have a great time at the park.
Shake Shack.
All right, bye.
