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Small Cap Investing
Recorded: Jan. 12, 2026 Duration: 1:00:49Space Recording
Short Summary
Market analysts discuss the impact of political events on crypto trends, highlighting significant growth in thematic stocks and potential partnerships that could reshape the landscape. With CPI and PPI reports on the horizon, investors are advised to stay cautious yet optimistic about emerging opportunities.
Full Transcription
Thank you. What is up everyone?
Welcome in. Happy Monday, January the 12th. Here we are, small cap investing
show here on Wolf Financial that we run each and every Monday at 1 p.m. Eastern.
Maybe I'm biased, but one of the best shows that we run by far. It's a great crew we
have up here. If you haven't followed these guys, hopefully you're familiar with them at this point,
been doing the show for quite a while. But if you haven't followed them, make sure you go and
give them a follow, check out everything that they're doing. We always kick off with some
general market thoughts, some macro type of thoughts, maybe some thematic thoughts in there mixed in.
And then we come back around and we get a little bit more honed in on sectors, thematics, and individual names from the speakers up here on the stage.
And without further ado, let's go ahead and jump into it a little bit, a little market update.
Obviously, the news of the
weekend was the indictment on Powell, which future sold off hard last night. Obviously, the gap down,
I think the initial fear kind of dispersed, and a lot of people buying some things back now.
We'll see how that plays out. Of course, we do have CPI
tomorrow, PPI on Wednesday. We got the jobs report this past Friday. And here we are, basically all
time highs. I'm looking at the Russell 2000 IWM sitting just less than a dollar shy of that 261.56
all time high looking great up here at the alltime highs. The S&P, of course,
sitting right up here at all-time highs that we made on Friday, and NASDAQ doing pretty well
staying in there. Not all-time highs, but catching up. New high of day currently, as I look over
at my other monitor here. And let's jump into it a little bit ben my co-host from story trading i'm gonna turn it
over to you for um some market thoughts yeah well you covered a lot of it there um look the
the charts look great uh on the major indices qqq spy iwm but i was very cautious today
because of all these events going on um that you touched on some of them.
Jerome Powell under investigation, CPI tomorrow, Trump on his credit cards with 10%, you know, max rate.
SCOTUS decision on tariffs.
It didn't happen Friday, but it could come Wednesday. We have gold and silver
absolutely going crazy. And we have geopolitical tension in Iran. There's a lot of stuff that,
you know, I don't know, to me makes it like very risky right now, but the market doesn't seem to agree. It shrugged all of it off and went red to green.
A little bit surprised, but at the same time, the charts look great.
The daily charts look great.
So the way that I was in my macro note this morning, I'm still bullish as ever in the
intermediate and long term and making no changes at all to long term positions.
and long term and making no changes at all to long term positions.
But as far as short term trading, there's a lot more cautious coming into today.
But yeah, kind of surprised the market doesn't care about all these risk events coming up.
Maybe they know something.
Maybe they know the CPI is going to be light tomorrow.
I don't know.
Or maybe they have a predetermined plan to buy regardless of what CPI is.
I'm not sure.
But there's a lot of risk events out there.
And price action today also, I think the first week was great.
We killed it along with a lot of other people.
We're in the right sectors.
January effect trades were working.
We're up like 32% or something coming into today.
But today, I think I could be wrong. I'm going down my list. I don't know.
Maybe I think the breadth is you're seeing a little divergence.
You're seeing a lot of, you know, individual stocks.
I'm talking about the high flyers.
You're seeing divergence in the sectors.
Let me just pull one up to make sure I'm not lying about this.
But I think it's the case. Yeah, it is the sectors. Let me just pull one up to make sure I'm not lying about this, but I think it's the case. Yeah, it is the case. If you pull up the space sector, you're still seeing some space
stocks with momentum, but you're also seeing some with big pullbacks like Redwire down 5%
and SkyT down 3%, ASTS down 3%. Let's pull up drones. You have ONDS down 5%, but some drone stocks are up a little bit today.
Arcad and UMAC. So you're starting to see this, like, kind of divergence away from more, you know, the move was more kind of money rotation into broad sectors and ideas versus now people are starting to get selective and start to
stock pick. And so I think that's a character change we're seeing today, which I like.
I'd rather that kind of market where the market moves selectively on individual catalysts
rather than moving all at once together. I actually find those markets a little more
frustrating to trade. If you're on the right side of it, great. We were on the right side of it here in the first week.
But, you know, my strength is looking through the news feed, comparing it to stocks I have a lot of knowledge in,
and then kind of selectively saying, hey, these three, these four, these five stocks can buck the market trend no matter what happens to the market.
I don't care. It doesn't matter.
I don't have to look at the queues.
I don't have to look at SPY. I don't have to look at IWM. I can just go according
to the catalyst and the impact of this catalyst on the stock. And so I feel like we're starting
to get into that after a week of just like broad money rotation. Now we're starting to see some
divergence towards individual stock performance. But it doesn't give me that much comfort right now.
I think this week can be really, really insane.
Like, I don't know, what's going to happen?
CPI tomorrow, the next day?
What if CPI comes in hot tomorrow?
The next day, the Supreme Court says Trump's tariffs are illegal.
Sometime between now and the next 72 hours, the United States
goes into Iran. I mean, there's just so much going on that it makes me want to say, ignore
the charts, ignore the bullishness on QQQIWM SPY, except for long-term accounts, like I
was saying, intermediate to long-term,
and just be a lot more cautious short-term.
So that's where I'm at.
I could be wrong with that posture.
Dougie will tell you maybe just go by the charts,
and the charts look great.
But I'm deciding to be kind of more conservative
and being a little more cautious about my capital
heading into all these risk events this week.
A couple things there.
I do think it's interesting to see more selection when we get these headlines.
So there was a headline around drones this morning that they were trying to create a drone office
or something in the government for just drone research and development.
something in the government for just drone research and development. But you're seeing
certain names that make more sense catch the bid instead of just anything that has the word drone
associated with it. I do like that part. The only other thing that I would say, and it's some of the
comments that I've believed and been making is we really didn't have some type of catalyst until
this earnings season kind of gets going. We got the jobs number, but they're like end of the year in the first couple of weeks,
other than the January effect of some things, the mechanical side of things.
I just didn't see like the catalyst that could really like propel us anywhere.
And so what we need is either a catalyst that pushes you higher or some kind of wall of worry to climb.
And that's kind of where I'm going with this.
And to Ben's point just there, I think we do have some things going on, whether it's
geopolitical, whether it's actually political, a couple, you know, both sides of those things
that are going on, obviously, some of the stuff going on around the globe right now,
or the Powell stuff that we saw.
I think it gives that kind of like initial fear that like, for example, today, you see
the initial fear get bought and we take out previous day's highs. So I do think there may be that wall of worry
is kind of what we, maybe that's what we need to get going a little bit here, at least until,
you know, all focus goes on the earnings season. But outside of that, it does, it's a very
interesting spot here, Ben. And I hear your concerns because, okay, are we having conflicts in Iran again?
Is something going to happen with Mexico?
Is something going to happen with Cuba or Greenland?
And a lot of pieces moving.
And then the Powell thing, keeping the politics side out of it, it's that unknown piece that the market doesn't really like, um, we'll see, uh, we'll see kind of how it plays out. That's kind of where I'm at.
It doesn't like it, but today they're showing you that they don't care, right?
That I know. And that's kind of what, what, what I'm saying. I think it's like this initial fear
and people are going to buy the fear. Uh, that just seems to be the market we're in. And then
you made the comment on the charts and I'm sure Dougie's going to echo that same thought.
And what I see right now are amazing-looking charts across the indices.
There's individual names that I think look a little bit rough that need to do some repairing.
But there's some other names that are absolutely doing fantastic.
And I think if you combine kind of what you guys do, finding a good story with a
stock and a nicely set up chart, you have the indices that are set up to cooperate. So maybe
the indices do, you know, they move up, you know, 1% at a time, or they move up 2%, pull back 1%,
kind of do that kind of, you know, overall grind higher. It gives a really nice opportunity for
some individual names to make some outsized
moves, at least in my opinion. That's kind of where I'm at here too.
Yeah, I mean, I would just say that, yes, the charts look great, the old indices right now.
And again, I could be wrong about this. This is my bias. I'm catalyst first, not technical first.
So I just believe the charts can break on any catalyst,
on any black swan or whatever.
And I think there's lots of opportunities for black swans this week.
So that's how I look at it.
Yeah, no, I definitely hear that.
I definitely don't disagree with that one bit,
because if something does catch a lot of people off sides here, I could see where we could get a decent size dip across a lot of things there.
So I'm with you on that part for sure.
Laptop, let me throw it over to you next and see just broader market thoughts or macro thoughts, anything that you want to mention here at the beginning of the show.
Hey, thanks a lot. You know, this reminds me of when I was younger.
There was a game.
A toy came out, and it's called Hot Potato.
And everybody knows the game Hot Potato.
You pass it, and it's like musical chairs.
When the music stops, you're out, you're it, whatever.
We had a plastic one that had a little wind-up thing in it.
And at the end of
wherever it goes off, it goes bzzz. So one of my friends, Eric, went out and they got three of them,
and he stood there for a while playing with us and started juggling them. And we thought,
oh, that's a great show, right? Until right near the end, he just tosses three out real quick
at you, and three different people caught this buzzing potato.
So here we are.
That's what I'm saying today.
Just to Ben's point exactly is we have this hot potato game,
and any one of these things can be a catalyst
and really tank whatever plan you have, even the markets.
So what we're seeing here is somehow we're skating across this thin ice,
playing this game of hot potato, but at the same time, in the back of our minds,
a rational person would say, this really isn't wise.
And that's where I am.
I think that's where Ben is saying, too, is, OK, I'll play for a little bit.
But the second I smell smoke or the second I hear the ice starting to crack, I'm out of here.
And so there's a lot of great plays, like we said, with the charts.
There's a lot of great plays, like we said, with the charts.
You know, for example, you know, today we did, we played the credit card.
Trump says 10% cap on credit cards.
Well, in January 20th is the deadline.
It takes an act of Congress to do that.
I don't think it's going to happen in five days.
I'm not sure it's going to happen at all. So these stocks that are tanking because of this, I bought call options. I think Ben did too,
and several members in Discord. We bought call options because seriously, that's not going to
happen. But we definitely have to worry about the Supreme Court decision. We have to worry about
geopolitical conflicts. So a smart person says...
Laptop, real fast, because you just brought up the tariff decision. Trump just did a true social
right now that basically said the actual numbers we would have to pay back for any reason the
Supreme Court were to rule against the tariffs would be hundreds of billions of dollars. It
doesn't include the amount of payback the countries and companies would require for the investments they are making in building plants,
factories, and equipment. Blah, blah, blah. Goes on to say, we're talking about trillions of
dollars. It'd be a complete mess. He ended it with, we're screwed in all capital letters,
basically. Essentially, my takeaway is he just said that the tariffs were too deep in this.
The tariffs are basically like big banks are too big to fell.
That's what I just read out of this.
It's just funny that came out just in the last minute or two while you were bringing up that Supreme Court decision.
So just putting some color there with you.
Please continue.
Yeah, and honestly, Trump, that rhetoric is playing chicken with the court.
Obviously, Trump, that rhetoric is playing chicken with the court.
And, you know, I've been in the court before.
I've talked to judges, and you don't do that.
He's playing chicken with the Fed chair, Jerome Powell, and, of course, with the future of the country and our market.
So not getting political, but there's definitely a lot of landmines here, and we need to be careful where we tread.
And that's what we try and do in the Discord is navigate.
And we do it moment by moment, live trading.
So I'm very cautious right now.
I have an orange level, kind of a burnt orange getting close to red.
I'm very cautious.
Very cautious.
On the cautious, the orange amber alert that you've got going on there, are you factoring in like valuations and stuff too?
Like we hear Money Mark who sent us a message said he couldn't make it today.
He's got a couple of prior engagements.
He'll be back here with us in a couple of weeks.
But do you have valuations kind of factored into that?
Is it all encompassing?
Is it up that high with some of these possible, like you heard Ben mention, maybe some possible
black swans with all these political and geopolitical things that are moving?
Is that where you're at?
Just curious how you're kind of aggregating things.
That's exactly where I am,
is these potential things that could turn the markets on a dime.
We're struggling here, and we have, you know, politically,
we're also starting to alienate some of our allies.
And I don't know how this plays out in the future if we continue on this path
and definitely waiting to hear to see earnings.
And at the same time, you know, there are opportunities.
And if I flip over on the other side of the world,
today, you know, the Shanghai index just And if I flip over on the other side of the world,
today, you know, the Shanghai Index just made an all-time high.
So China's doing well, too.
And this has emboldened them just recently over the weekend because the G7's meeting and to, you know, threaten Japan
about export limits on rare earth minerals and this whole thing about rare earth minerals again.
This is all going to come down to a battle of power.
And I don't mean political power.
I mean literally energy.
And so definitely looking at earnings.
You know, one of the things I'm waiting for is for some company to say, you know what,
we can't move forward without X, without some kind of ingredient, some kind of mineral,
whatever it is. And that's going to be the beginning of the trigger of everybody's going to
go, uh-oh, we're not ready. I've seen some really scary numbers about the energy use for the AI
I've seen some really scary numbers about the energy use for the AI boom to continue and that we're not ready.
So I'm waiting for that shoe to drop.
I hear you a lot. I appreciate you walking me through that thought process there.
Dougie Fresh, any thoughts you have? Bigger picture stuff?
Your name was mentioned there a couple times i
know you're looking at these kind of same charts that that most of us are looking at going well
these things are set up but uh there are some concerns out there still um i'm just curious
where you're at right now yeah i always have a bunch of thoughts on these things especially
stock charts you guys know that and yeah iwm it has a lot of resistance right here at like 261 we're sitting here at 260
78 does it get through that and hit the top i don't know i think that i'm gonna have to pull
back and of course our cues and spy like you guys are talking about we were talking about it on the
morning show and we were kind of baffled honestly ben and i and laptop travel saying like how are
the cues this setup look this good after the whole pal thing last night
all the things happening as you guys had mentioned things happening in the uh economy geopolitically
and everywhere else it's just wild and yeah your queues look amazing your spy looks amazing i don't
get it and obviously they can turn on a dime we've seen it happen a million times for whatever reason. They are set up to pop, but be cautious like Ben and Laptop Traveler were just saying.
There's a lot of things that could go wrong, and it only takes one of them to make the entire market change.
So, yeah, we're playing these opportunities as they're presented to us, but you also have to be very cautious at the same time, knowing what's going on all over the place.
And there's plenty of landmines,
as a laptop travel set.
So you could step in any of them.
Dougie, I got a question for you.
Sure.
If I were a pure technical trader,
I'd look at these charts
and I'd be like balls to the wall long.
So the perspective you're sharing right now,
is that something you see in the charts
or is that just from, you know just from collaborating with all of us here
that you now have that concern?
Yeah, that's more collaborating with you.
If I didn't know anything going on,
I'd look at these charts and go, holy cow,
they are super bullish.
But I do know what's going on.
And I pay attention to the things now.
And I do think it definitely helps.
Like I said to you, Ben, I think just partner up with you and.
With you, it's brought my attention to a lot of things that I pay attention to, just like option calls and different things like that.
And they do they play a factor.
And but the charts do tell the story.
You guys can tell.
I see things that happen a lot, But you do have to be cautious.
So, yeah, I would say if I didn't know anything, not anything going on around this, I would be like, yeah, I'm going hardcore on these Qs and Spy right here.
But just knowing.
And, of course, I will play them because they look really good.
They're green.
But I'm not going to go really crazy on it.
Let's put it that
way, just because I know they can turn on a dime. But things do look amazing for some crazy reason.
I'm not sure the reason. And I don't think any of us know the reason right now. Bitcoin's even
trying to curl up, which that one isn't a surprise to me because I've been kind of saying it ran up,
it's pulled back, and now it should be bouncing back off the 50 area, and it's trying to.
So it's pretty much on point right now for Bitcoin, and it should move up some more and drag crypto with it.
But yeah, why the Q's and the SPY look so good?
It is kind of mind-boggling, especially when you see all the concerns going on all around this.
That's a red flag usually. And Ben, to your point, yeah,
that might be the red flag that I see because again, they look way too good right now to know
all this stuff going on. So if I didn't know what was going on, I would be like, wow, this is
extremely bullish and these things are going to pop. But the red flag, knowing everything going
on and these things are that set up looking that good anything can change so you do have to be
cautious i would say yeah i'm glad that i pay attention to things now ben so that's a definitely
contribute to you because you've got me more looking at more fundamentals not that i look
at any news or anything but i just pay attention to things going on in the world now because they do they they impact accuse or spy
iwm things can change on the uh just like in a minute and we've talked about it before and i used
to see these things change i just didn't know why they would happen and now i'm kind of realizing
why they're happening so just learning more and more about the market every day and i've been
doing it for over 25 years so if you think you guys know a lot, trust me, there's always something to learn in the market. It'll humble you and teach you something
all on the same day. It's pretty wild industry that we have here. But yeah, I don't know why
they're so set up. But yeah, I'd say that just be careful because it has that look.
Hey, I just had a comment here for you guys. it that that we're our own worst enemy is it because
that we got through venezuela so easily like in in literally in the stealth of the night
and boom it's over we're victorious easy peasy that maybe investors and the whole nation feels
overconfident that everything's going to be that easy.
Does that make sense?
I mean, maybe with Iran, but I mean, what happens if, I don't know, maybe the market knows that we're going to have light CPI tomorrow and Supreme Court's going to shoot down the
tariffs, but they're not going to—I mean, look, the perfect scenario
is light CPI tomorrow, followed by the Supreme Court probably saying you can't do the tariffs,
but you don't have to do the refunds, right?
Then, I mean, all the indices are going to be up like 5% this week.
Maybe they know something.
I don't know.
But yeah, I think Iran is a much more dangerous situation than Venezuela.
I think that's why he's taking his time on that.
It was very interesting with all that going on, for sure.
And obviously, Cuba, Mexico's names are being thrown out there a little bit.
Because Venezuela just is a little bit, I don't know, maybe a lower risk area.
It was so clean.
That was a good way of framing it there in a way.
So, I don't know, Greenland's going on.
There's a lot of moving parts right now for sure.
But I don't know.
The Supreme Court decision is very interesting to me.
We're supposed to get that on Wednesday.
Is that the last update?
I was traveling last week, but that's what I saw.
That's the next opportunity that it could happen.
Not that we will, but that's the decision.
Not that it will, but it could.
Okay.
Perfect.
All right.
Yeah, so that's, I mean, CPI, PPI, and that coming up over the next 48 hours.
It'll be very, very interesting to keep an eye on.
And then earnings season's kicking off.
I mean, we have essentially tomorrow.
It's kind of some people start with JP Morgan
kind of leading off the big banks.
We also have, you know, Bank of America,
City, Wells Fargo, Goldman Sachs,
all of them this week.
And then going into next week,
you start to get into the tech earnings a little bit.
So I know Netflix is coming out next Tuesday.
So a week from tomorrow,
market is closed next Monday
for Martin Luther King Jr. Day.
Just to put that on your radar,
if you hadn't thought that far ahead to next week.
So next Monday, market is closed
and then really earning season's getting going.
And my thesis has kind of been
that we probably start to run up into that.
Some of the things that you guys said, if it plays out in that kind of Goldilocks scenario that Ben was laying
out there, it kind of lines up with like, hey, let's start running these things up into earnings.
So it's a very interesting spot where we're at here. I appreciate all of the great thoughts just
shared from the panel, but I'm ready to get in a little bit deeper as always on this show.
And Ben, I'll have you kick us off here. Any individual names that are really sticking out
to you? I know you watch a ton of different names. I know the January effect's been very kind
in a lot of areas. Well done on that, even though it gave you a little scare there early,
but well done on that. I'm sure you're off to a hot start there. Curious what names you're watching,
if there's any certain stories or thematics inflection points,
anything along those lines that you've got going for us today.
Yeah, well, you know, as far as the thematics, it's interesting.
Actually, the thematic names I picked for 2026
ended up doing much, much better than the January effect picks.
So I put out a list of 30 or so stocks.
I don't know if I put it on this chart.
I think I did it on last week's Monday Spaces for you guys.
But if anyone's interested, just like tag us.
On Christmas Day, I put out a spreadsheet of the top.
It ended up being 31 stocks across five hot sectors.
And let me pull up the spreadsheet.
Yeah, it was AI infrastructure, drone and defense,
space, AI software and robotics.
And that list, man, if I had known,
I'm like, hey, these are stocks for 2026.
So I bought them for my long-term account
before the start of the year.
But I don't know,
I just didn't have a reason to believe so strongly that they're going to take off like in the first
few days of the year. But they did in a much, much bigger way than the January effect stock. So
these stocks are up an average of 19%. And the drone slash defense and then the space stocks are up 33% across 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12.
13 names up an average of 33%.
Pretty much almost all of them are up, I would say at least half of them are up 30%.
A couple of them are up like 50%, like really insane starts.
And man, you know, with the January effect, I do it with call options because it's all about timing.
If I had done call options on my 2026 picks, oh my gosh, I'd probably be up 150% already in the first week and a half.
So I'm up like 35% or something like that at this point.
But anyway, yeah, and Mattis drone defense face
Robotics okay, but also the AI infrastructure led by micron which is my topic of the year
Nbis well 25% EOSC up 46%
So this list is just amazing and and I wish I did trades with them
It's just I bought them long-term, which is fine.
My long-term account's great.
Anyway, so that's that.
The general effect has been okay.
We've had a few big winners.
I think at least 50% of them.
We got 100% or more return on call options on them.
There are a couple, maybe one or two,
that so far look to be failing out of the 15 or so we put out there.
But there's one or two that are really maybe starting to break out right now.
So with your permission, Laptop,
this is your stock, but I'm just going to alert it here
that Fun, F-U-N,
is one that was a late entry into our January effect picks,
laptops pick. But I'm just going to say here, the technicals look superb. And I was adding
more to this end of day Friday. It's crossing the 50 DMA. It's over the 50 DMA right now.
That's Six Flags Entertainment. And then another January Effect pick, which is maybe just starting
to take off right now, is Fubo, F-U-B-O, Fubo TV, breaking above the 20 DMA. And a lot of catalysts
around this, which suggests there are a lot of hints around this, and there was catalysts too
last week, called hints and catalysts around Fubo, suggesting that there is a, let's call it a much greater
chance of a deal with NBCUniversal imminently than there was two weeks ago.
And maybe this is why the stock is up over the 20 DMA.
So we could potentially see Fubo make a huge move in the coming days to over $3.
So those are two of our January effect picks, which have not really taken off to date, but
are starting to show signs that they could be taking off.
One other thing I want to add is Airtest Systems, AER, which is a company I've been very familiar
with over the years, probably a company I know better than any other company.
They had earnings last week, and I've been out of the stock in my long-term account.
But last week after the earnings report, I added it back to my long-term account.
It was their number one pick of the day on Friday for the short-term account, and it did great.
You can see that big open green candle on Friday, another big open green candle today. After many difficult quarters, it looks like
they've reached an inflection point, at least as far as guidance goes. So we might have,
there might be some Debbie Daughters in the stock waiting for the contracts to actually hit,
There might be some Debbie Daughters in the stock waiting for the contracts to actually hit.
But this is the first time in many quarters the company was and the CEO was confident enough to reinstate guidance and to give it backlog guidance, like huge backlog guidance, forecasting imminent large AI deals.
But they haven't happened yet. So it's moving on the guidance and I imagine there are still some folks who are suspicious
of this or skeptical of this.
So probably I think when these AI contracts hit, hopefully they will hit sometime in the
next few weeks, you'll probably see another huge load up in air test systems, AEHR.
So that's a stop to put on your radar and consider getting back in
in your long-term accounts.
I have one follow-up question.
Appreciate all the info there.
The alpha, as the kids call it these days.
On Fubo, what all catalysts did you have lined up there? Just maybe a quick
synopsis if you had those in the top of your head. Yeah. Okay. First, last week, they had
cleaned up their balance sheet. There was some large amount of debt or something that was due,
and they kind of restructured that with the help of Disney, which took away an overhang of concern regarding the
debt, and they suddenly freed up like $160 million in cash, something like that. So that was the
first catalyst. Then everything else is really surrounding the possibility of them making a deal
with NBCUniversal. It's been, I don't know, probably a couple months where it's not available
on Fubonel, so people can't watch certain sports channels and things like that.
So there's a lot of smoke or hints that it could happen.
And those hints are, one of them is that NBCUniversal just finished splitting off their channels into like two separate entities.
Before, you would have to make a deal with all of their channels in one package.
Now that they're kind of split off into two smaller chunks of channels, now it gives greater
flexibility for Fubo to do that deal with NBC saying, hey, I only want these channels. I want
all your channels. And then another catalyst here is that I think just over the last few days,
Fubo is now directing people to Hulu.
If you want the NBC channels, it's like, hey, go sign up for Hulu.
So somehow, first of all, it's probably being monetized, but also it's probably a negotiating leverage point here with NBC.
It's like, hey, we don't, you know, we're not desperate to sign a deal with you.
We already have an arrangement with Hulu on this, and we're
getting paid somehow through that arrangement. I think there was one more hint. Let me see.
That's enough. All right. If I think of the last one, but let me just see. Oh, and the other thing
was the pressure of NFL playoff season. Now I would have liked to see a deal Friday. So, you know, how urgent is it
really for them if they didn't do the deal before wildcard weekend? But I guess there's still a lot
of playoff season left. So that's another thing, a pressure point that can hopefully cause the deal
to be had quickly. I appreciate that rundown. That one is very interesting with that continued saga
with Disney and some of the other pieces going on there.
I also saw that SOC that you just tweeted out there
from the Story Trading account a few minutes ago.
Beautiful.
What a beautiful ripper on that chart this morning.
Well done.
Congrats on that one.
Laptop, let me pass it
over to you and see if there's any uh any names that you're watching uh thematics or uh what's
on your radar laptop yeah so i i've got two picks that i have for people tonight and uh
today at one o'clock sorry i had to take a nap today um i thought so uh the first one i'm looking
at is uh black diamond and this has been around i've played and traded this many times uh the
ticker symbol is bdtx and uh you know it's it's your classical clinical stage biotech.
And, yeah, they're burning cash on trials while, of course, they're chasing that, you know, elusive FDA nod of approval.
But this is a smart company.
They're playing their money properly, and they've been trying to bolster the balance sheet with trying to reduce shareholder pain at the same time.
So right now they have about $135 million in cash and equivalents and investments.
And that's actually an increase from last year at the end of about $99 million at the end of 2024.
So they did that as a part of, got a licensing deal.
So that's a big win for a small biotech.
I think they're, yeah, they're at market cap is under 200.
And so the management is really focused on trying to hold on to this money.
And they believe that the money they have right now, that they have enough cash for a runway through the second half of 2028.
So that should alleviate any investors' fears about dilution for the short term.
So that's really good news there.
But, you know, no sugar coating.
Other than the $70 million for the licensing deal, there's no revenue here, of course.
But they are also working on – their big thing is they're working on cancer.
on, their big thing is they're working on cancer.
And so they're working on this, trying to solve the master key mutations with cancer.
And this seems to be really attractive for buyouts.
So companies like AstraZeneca seem to be really interested in buying these kinds of companies.
So there really could be a great buyout target here.
You know, definitely is a low cap stock.
Right now it's, let's see, right now it's at 265.
Yeah, market cap's 149 million.
Really took a huge dip here early December,
and I think that's a part of tax loss selling, getting out of that.
But since then, except for today, it has really come back strong.
I think it had six days in a row starting on the first trading day of the new year.
And it's been up, up, up.
So I really think this has a 200% to 400% potential in the next short term here, maybe three to six months.
in the next short term here, maybe three to six months.
And then my second pick that I have for people is Evalent Health,
and that's EVH, Echo Victor Hotel.
And this is a tech-enabled service platform
for basic value-based care in healthcare.
And so what they do is this company helps providers and payers and employers all manage
these complex groups of different services through their own software and analytics.
They use, of course, they use AI to derive at-risk adjustments and coordinate care,
and then hopefully to optimize the balance sheet to cut costs and improve the outcome.
So they've done really good.
They're full of a lot of promises.
And let's see, today they're at 410. They also, similarly, this is kind of my,
our track that we've been following here recently,
this pattern is a big sell-off at the end of December
and now coming back
but at 416 i think it's really way undervalued against a lot of targets of 10 to 12 dollars
from analysts and so we could look at 150 200 gain by the end of the year. So that looks really good. They have going forward EBITDA
guidance for 2026 of $134 to $144 million. And that points for these guys a rebounding growth
from Medicare payments and exchange enrollment stabilizations for them.
And it's gotten a lot of chatter and support from analysts around,
and I agree that I think that it really oversold.
It's overreacted at the end of 2025, and it's a good opportunity to pick it up right now.
opportunity to pick it up right now. They have $116 million in cash, and that is down
about $40 million from about the same time last year. And management says that they feel
that that is enough money to carry them through 2026. So they do have a lot of debt.
So it's kind of a risky lotto play.
But this is a company that I think could really, really go.
It's choppy and turning.
But they have over $500 million lined up in new contracts for 2026.
So that could definitely reverse the slide.
And I think that investors are just getting in just now.
You'd be early to the party right now.
It's just crossed over the 20-day moving average.
moving average. So I like that. So if they can get out of the debt and work on, they're working
So I like that.
with a new oncology care partner, if they get that deal down, then this company could really
take off in 2026. So those are the two that I have for everybody today. And definitely small caps, but at the same time, I think a lot of potential.
That was, by the way, that's a $450 million market cap for EVH.
So keep both of those on your radar.
Today, it might be an opportunity as an entry point for both because we haven't seen these prices
this low in 2026.
Wonderful rundown there, laptop.
Go ahead, Ben.
Yeah, laptop, good time to ask you about funds since that was your stuff that I took
from you.
I like the technical breakout here.
What are your thoughts on it?
Cool.
On funds.
So here's my thoughts on funds.
Fund's going to report earnings on February 26th.
So originally with our January effect stocks,
most of us were targeting the monthly call options
expiration date of January 16th.
Well, I think we're too compressed in that time frame for fun.
Now, two things.
Fun decided that they're not going to go and buy out the Texas property.
They're going to save themselves a whole lot of cash
and keep that for internal development and restructuring.
Now, long term, they still want to own all of the Six Flags Texas property.
But at the same time, in February 2026,
I told everybody to roll forward your options into the February 20th options.
That's about as close as we can get to these
earnings release. So I think that the anticipation leading up to that, and the company historically
has released information ahead of time and given us hints and tidbits. So I'm looking for something
positive coming out. We're already on the right track that they've made the decision not to spend all their cash right now.
So I think that the February 20th options were the best.
And I think that we went with the, if I'm not mistaken, I think we went with the $15 options for the 20th, which, yeah, $15, which is about, can be had for about $1.93 or $1.95.
Yeah, I actually just got filled at $1.95
because I actually didn't do that rotation yet,
and you reminded me.
So I'm going to try to roll out to that.
I just bought some at $1.95 right now.
So we're right there, and I think I definitely,
because we also have Kelsey, Travis have Taylor Swift's fiance.
He's a part of this investment company, which now owns, I believe it's 9%,
and they want to have a larger stake in the company.
So there's positive news coming out about it,
and I think that the dark cloud is behind them.
Again, this was another, if you look at the yearly chart, I'm not sorry, the daily chart in the last year on this stock,
this really took a beating from the middle of July where it was around $60, and it fell all the way down to $12. So that was
near the end of November. And then we'd had another dip again right before Christmas.
And so now we're coming back. And I definitely see this easily rallying up to somewhere around the $12 to $14 range.
I'm sorry, somewhere between the $16 to $20 range in the next 30 to 45 days, which should give us positive traction for the 20 February calls.
calls. Great back and forth there. I always love the additional context and thoughts there.
Open dialogue, always encouraged on these spaces. Dougie Fresh, you're up to bat. What's on your
radar besides everything? I love your live streams. Everything. I just love your live streams.
Appreciate you. I appreciate you tuning in.
I see you chimed in the one day, said you were hanging out.
I appreciate it.
Let's go through their picks real quick.
Fun looking great.
Yeah, I have to agree with Ben and Laptop Travel.
This is going to get moving right here.
Fubo, definitely another one getting rolling right here.
It's actually up today.
And it does look like it's going to be cruising along and in air uh ben's the air whisperer i mean as ben says air is gonna run you should
just pile onto it because somehow he just knows the back that company like the back of his hand
every time he says it it runs so i gotta i'm definitely listening when he says it so
they look really good right there bdtx you're right laptop travel these guys
are uh been running up here and today hasn't been the best day for them it's a nice little dip down
to the 20 but it could be a good opportunity for that black diamond therapeutics that's getting
into a channel i'm gonna start moving up maybe slowly but surely and then that evh you mentioned
is another one that's been beaten down for a while and just getting set up
here so two of them you can just watch for any pullback on that one and then I'll give you a
couple how about AMC guys I gave everybody AMC last week and that one went crap wow it's up to
175 them options would have been crazy should have kept them I sold them Friday but uh yeah
that thing's cruising we might have to buy more I think AMC is really going to get ripping right there.
You can keep an eye on that.
And I talked about UAMY last week as well.
That's looking really good today.
That's up like over 11% right there.
BITF is another one.
Crypto's looking good.
So BitFarms, I like this one right now.
It's setting up looking pretty good.
And I've mentioned this Can-An thing, C-A-N. This thing's setting up again. So keep i've mentioned this can and thing c-a-n-c-a-n this
thing's setting up again so keep an eye on c-a-n and i'm going to give you an otc or one from our
buddy lewis rodriguez it's mtplf meta player what is it called a laptop meta planet that's what it
is meta planet right here mtplf it's an otc one and that thing's looking pretty good it's it's run up before
real big it's at 344 it ran up to like 15 and it looks like it's doing that little setup again so
keep an eye on that otc right there mtplf meta planet and that uh luis rodriguez has been watching
that he he has a good eye for things so keep an an eye on that, bad boy. And there you go. That's what I have for you guys, unless you have anything
else for us to look at or any other stock charts you want us to look at. Let
me know. Hey, Dougie, I'll just throw in there, is
that MetaPlanet is the company that partnered with
Trump to give him Asian exposure to the Bitcoin market
over there. So that's all I got there.
Oh, no. Perfect. You know, a lot more than I did. So I appreciate that feedback. Laptop travel. Yeah,
it does look good again. So I would say I'm going to be checking this bad boy out for an OTC. I
don't really trade the OTCers very often unless like Money Mark says it looks really good, because he's good at them.
And this one, I know Luis Rodriguez has down pretty good.
So I'm not the biggest OTC fan.
But some of them do get that good setup like this one.
It has an easy chart to look at and looks pretty good.
So that's all I know about it.
And back to you, Ed.
Beautiful rundown. A little lighter panel today.
I love how we can get a little bit deeper that way.
No time constraints or anything on the show.
Any other thoughts, questions, anything that somebody mentioned that you guys want to jump in with?
Feel free to jump in now. I'm going to add, let's discuss the Webull here for a second, B-U-L-L,
because this one was originally going to be my top pick of
2026 until Micron came around with their earnings report. So now Micron is my largest position in
my long-term account. But this has been a frustrating one. I mean, I really, we had that
impulsive move after earnings. Took it from, what, $7.50 all the way to $10.50. That was a huge move.
And it gave it all back.
We're in this January effect period where the tax law selling is supposed to be over.
It's kind of underperforming.
It's trying to break above the 20 DMA.
I wonder if anyone has any thoughts, not just on the technicals, but Laptop,
if you have any thoughts on the fundamentals or catalysts, why it might be lagging.
And Dougie, of course, on the technicals.
What do you guys think?
Is this still going to be?
You know, I was looking for like mid-20s by late summer.
And so far, it's off to a slow start here.
Definitely off to a very slow start.
I think it gets cruising this week.
I remember we were talking about it earlier in the Discord.
But, yeah, i do think it's
getting over that 20 to get actually set up i don't know why it took so long obviously tax
loss selling was uh making it get pushed down there at the end of the year but i thought it
was going to bounce back a lot faster and a lot uh a lot stronger but maybe with bitcoin lagging
too maybe that has something to do with it because you always see Robinhood always kind of, you know, fading away whenever Bitcoin's not doing so well.
So maybe that was a little bit pressure now that Bitcoin's looking better and wants to kind of break out as well.
It's going to allow bull. I mean, that's just my my take on it.
That's what I have for bull. But it does look good to start moving finally.
And it has
been taken forever. Yeah. I mean, it's sitting on the 20 now it's two days in a row. You know,
I've, I've intraday lost some money on this because every time it breaks above the 20,
I'm like, that's it. We're running to the 50 and the bottom's in and then it pulls back.
Did it now two days in a row. It's a little bit frustrating here. Laptop, what are your thoughts on this?
You know, for me, I don't know exactly why,
but I always have to do a side-by-side comparison between Bull and Robinhood,
both similar business models. And so, you know, Robinhood just edges them out with the chart.
And as far as digging deep into the businesses, I really haven't.
Because in my mind, they're like really similar.
And I know that Robinhood has more users than Webull.
And Webull's been trying to raise revenue because they're so cheap through their Webull Premium,
I believe it is what it's called.
And that has not been as successful as they had hoped.
So I think that's what's dragging it down.
Where did you hear that that was not as successful as they hoped?
Something I read.
Really?
Between Christmas and Monday january 2nd
somewhere okay i didn't see that i i mean uh they gave metrics and they talked about on the
earnings call and they were pretty happy maybe it was below analyst expectations i'm not sure
but yeah i think i think that was exactly it yeah it, okay. I didn't see that. At a slower pace than they wanted.
But I do want to ask you, now that I got you here,
can we talk about Kodak for just a moment?
My gosh.
Oh, yeah.
I haven't looked at it in a while.
Okay.
My gosh.
This was a great story.
This was like a slam dunk.
And then to transition into pharmaceuticals.
I mean, and I don't know.
This is a great nothing.
This is beautiful.
I'm not in it now.
I think in my retirement account, I still have some, but in the trade account, I played
that pretty well.
I was worried about tax deferral selling on this one, the opposite of the January effect.
Yeah.
And maybe we did get that right on January 1st.
It's selling kind of accelerated for people who are up big because this was up big last year.
You know, valuation wise, it's really cheap now.
I'm waiting for Catalyst.
That's it.
Like this is one where the next step, maybe there's going to be another insider buy or the director who bought all those preferred shares.
Maybe there'll be some press release about him converting it to common shares.
When there's some sort of catalyst like that, then I'm going to pile into this thing because I think it's going to head back towards $9, $10 on the next significant catalyst.
Okay, so you still like next significant catalyst. Okay.
So you still like it, just not today.
Absolutely.
That's right.
Chart-wise, it's bouncing off of a really interesting level.
If you look at this, like, $7.50 area,
you can go to, like, a weekly or even monthly,
you can see a huge, huge volume shelf going all the way back five years.
Huge volume shelf right here.
It's 750 on that KODK.
Which means...
Yeah, that's a good spot right there.
And by that, that volume shelf
indicates a big support level.
Yes, yes.
So like in the short term,
that was previous resistance could now be support for
the the simplistic side of the term but if you if you zoom out and look at like the last five years
the most the most volume on this is traded at like 720 7.20 um and so what that says is that
like the most positioning is right there. So if it's good,
people that are long-term holders of this, that's where the masses are positioned. So
that would be a good support look to it right there. I know you came, you gapped down through
the 50 day to day. You've still got the 200 day a little bit lower, but this is the zone,
you know, 750 down to $7 is a pretty big support zone.
That's the loading zone.
Bingo.
All right, team.
Great space today.
I got a couple messages from Ariel, from Money Mark, that they had some other prior engagements,
like I said earlier.
They're planning on being back on the show here shortly.
And we've got some nice interviews lined up here coming up soon as well to bring you guys
some more information from CEOs and other things to put on your radar.
And of course, you've got these great panelists up here from Story Trading, Dougie Fresh,
Laptop Travel.
Make sure you check all of them out.
As always, the space is recorded.
So you have a full, basically a full hour here
of some great information.
It's nicer.
Sometimes, you know, I like the different perspectives.
The small crowd I do like sometimes as well
because you can like ask some questions back
and, you know, you saw we had some open dialogue there.
So love that.
Appreciate everyone tuning in. Stock picks for the week show tonight. back and you know you saw we had some open dialogue there so love that appreciate everyone
tuning in um stock picks for the week show tonight i haven't even looked at that ben um
yeah i brought the average down with imrx sorry but you know the funny thing is imrx was like my
my largest one of the week until air so it was my second biggest one of the week until it aired. So it was my second biggest one of the week, but it was down like 35% or something.
Because I was playing it for the event anticipation
into the report, and then I sold most of it
before the report came out.
And I guess the market didn't like the report.
So that's how it is with biotech.
You got to be very careful how you play this.
Yeah, I was just looking here um interesting we have somebody that's up 10 this week
just from last uh that was yeah nice all right well very interesting tune in for that stock
pick show the reason i bring it up is because this is about the time i start paying attention
to it monday afternoon we have that show at 5 p.m. Eastern, Stock Picks for the Week.
If you missed last week, the year-long picks went out.
Ben's already up 17% on his two-year-long picks.
ASTS just continues to fly.
Look at that.
Beautiful.
All right.
Appreciate everyone tuning in.
That Stock Picks show will be at 5 p.m. right here on Wolf Financial. Of course, our pinned tweet is our full schedule of pretty much everything. There's some things we don't even get fit on there, but pretty much everything that we do right there in that pinned tweet. I'm headed over back to the live stream for the rest of the afternoon. There's Stocks on Spaces coming up in an hour as well. Shout out to the crew up here. Shout out to all of you tuning in. Ben, any final comments?
Yeah, so no show next week. Is that right?
No show next week for
this show, for Small Caps.
Let me look and double check.
Yeah, because I wanted to move
it to Tuesday, but we have a packed
Tuesday already.
I'm going to be away. I'm going on vacation next week.
That's perfect. Okay, perfect.
No small caps next week.
Stock picks we may be able to
sneak in on Tuesday. I'll make a final decision
on that the next day or two.
Next Monday, like I said,
Martin Luther King Day.
Don't look for this show next
Monday. I'll actually be traveling
on that Monday either way, so I wasn't going to be available. Either way, we'll see you guys for this show next Monday with the, I'll actually be traveling on that Monday either way.
So I wasn't going to be available.
So either way, we'll see you guys for this show
in two weeks from today, the following Monday.
What is that?
The 26th.
And we do have a interview lined up
on the back half of that space as well.
Some very interesting stuff
to bring to you guys there as well.
So appreciate everyone tuning in.
Recording will be available
as soon as I close this out.
And we will see you guys on StockPix
this afternoon here on Wolf Financial.
Appreciate it.
Insights
Project L
Token L
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