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SMALL CAP INVESTING
Recorded: May 5, 2025 Duration: 1:06:51Space Recording
Short Summary
In a dynamic discussion on small cap investing, panelists highlighted emerging trends and growth opportunities in the market, particularly focusing on the potential for small caps to gain traction amidst macroeconomic shifts and the evolving landscape of asset tokenization.
Full Transcription
Thank you. What is up, everyone? Happy Monday. It is 1 p.m. Eastern, which only means one thing
on Mondays here on Wolf Financial. It means it's time for the Small Cap Investing Show.
Hope everyone's having a good Monday. Hope you had a great weekend
as we kick off the week here
with a gap down and a slow grind up.
Really gone nowhere.
Speaking of small caps,
you didn't look at this IWM five minute chart.
It's absolutely insane.
I'm pushed up here to this 200 level
and it's just chop, chop, chop, chop, chop,
straight sideways.
It's kind of crazy actually to look at this. But either way, as always chop, chop, chop, straight sideways. It's kind of crazy, actually, to look at this.
But either way, as always on this show, we have several panelists in that small cap world.
Most of them aren't really a fan of IWM, by the way.
It's more of individual names.
But that's what I love about this show.
There's a lot of great stock pickers up here and great market minds as well.
We always kick off with some market sentiment, what we see kind of from our different perspectives of what the market itself
is doing, what the sentiment is around the market, kind of the big picture of things,
little macro in there, a little technical in there. And then we kind of get a little more
granular with it and see what everyone is looking at, what's on their radar. There's been some great,
great call outs on this show.
Trust me, I know I've personally traded a few of them myself.
Money Marks, you down there got you up here.
Ben, I did toss you that co-host invite.
I know you always get rugged the first time you join,
every time on this space.
I don't know what it is, but either way.
Yeah, I guess the speaker's working,
so I guess he can send it again.
Yeah, well, I'll try to cancel that and get it back to you.
But, Ben, anything you want to kick us off with?
I know Money Mark's got a hand up down there as well.
Yeah, so we got a little bit more time today per speaker because the godfather knows it's feeling under the weather.
So let me get my macro analysis while I'm watching this wild volatility in HIMSS right now.
But, okay, let's go look at QQQ.
You know, I always look at actually, you spoke of IWM, but I actually usually don't look at IWM.
Maybe I should.
I really look more at QQQ SPY to give me an indication of, you know, tailwinds or headwinds, which determines how
aggressively I position individual stocks, right?
If the market's with me, I'll be more aggressive, larger sizes.
And if it's against me, I'll have higher cash positions.
So going to this QQQ chart, it's very interesting because I had predicted, if you go look at the QQQ on April 23rd, that's when we gapped over the 20 DMA.
So I've been consistently bullish since then for a test of either the 50 or the 200-day moving average.
And we hit it, right?
It was an extended period of upside here in the major indices of QQQ, getting right basically exactly to the 200 TMA on Friday.
But I didn't really benefit from this very accurate call because I entire time until maybe just this past Thursday, Friday.
You started seeing some small caps and risk assets doing well Thursday, Friday.
But for most of that move from the 20 DMA to the 200 DMA on QQQ, it was nothing.
It was terrible. It was either sideways or slowly bleeding down.
either sideways or slowly bleeding down.
It must have been just a few big mega cap names that were, you know, making this move
on QQQ SPY, causing the move on QQQ SPY from the 20 to the 200 DMA.
Now, at the tail end of it, he started seeing those small caps go up.
And if you look at IWM, it did break that 50 DMA on Friday, and it's holding that 50
DMA now. So, you know,
maybe we see a little bit of a rotation, a little bit of a catch up into small caps right now at
the same time while we're seeing now the pullbacks in the major indices and the mega caps,
because we did predict that as well. I'm actually been short the QQQ since Friday, since we hit the 200 DMA.
So look, you know, I think this whole move has just been a reversion to the mean.
I look at major moving averages, whether it's the 200 day moving average or the 200 week moving average as a reflection of fundamentals, right?
So that those major technical moving averages basically tell you, you know, is the net aggregate opinion of investors out there bullish on the fundamentals or bearish on the fundamentals?
Right. If we're below that 200 day moving average, it means most people think, you know, we're going to have recession or other economic worries.
If we're above it, that means we're not worried about that.
So that's why that's such an important line. And that's why I thought this would just be a reversion to the mean trade to the 200 DMA. And I'm not ready to predict a move
above it because I don't think anything has, we haven't turned the corner fully fundamentally,
right? We've seen some improvements with tariff stuff, maybe. All right. But I don't know what's
going to take us over. Does Powell have to drop interest rates? Does a tax bill have to get passed?
You know, something fundamentally has to happen in order to go over that 200-day moving average on QQQ.
So that's where I am from a macro perspective.
So I think this is just a reversion to the mean.
Risk is to the downside for the major indices and the mega caps.
But there might be a little bit of rotation going on right now into small caps. We've seen some strengths since Thursday, Friday, and IWM holding the 50 DMA.
So that's my macro commentary, and why don't we turn it over to Money Mark from here.
Yeah, no, that's great commentary, and I'm right there with you this week.
Your call was right on the market, continuing to move up towards the 200
DMA. Look, we're getting more and more tariff talk walk back. It seems like every day we're
hearing another baby step back, another baby step back. And that's something that you really
couldn't predict from the beginning because you would think that Trump would be, you know, more convicted in his strategy.
And even though he did need to walk things back because of the bond market tantrum that took place,
things there stabilized and yet we still see the walk back occurring. Now, you know,
will we be able to, will he be able to walk back enough to get us through the 200 DMA?
Yeah, I'm not taking that bet either, Ben.
I'm with you on that.
And then as far as can he win the tariff wars against China?
Well, you know, that's going to be interesting as well because Asians tend to be very long term focused.
So we have to see which one breaks first. Is China going to look at this and
say, look, Trump's got to win the midterm elections. All we have to do is ride this out for another
six, 12 months, and he's going to be forced to back off of us. We'll see. So in the meantime,
I would be cautious. I think part of this balance
as well, reversion to the mean, of course, but also a little bit of an economic boost from
everybody building up inventories ahead of the tariffs. So, you know, that's a positive from
that perspective, but that's going to reverse. Now everybody's got inventory and it's not going
to need to buy more. And with the tariffs, you're seeing higher prices are going to start coming in, less inventory on shelves.
This is going to be very disruptive.
And disruption is the equivalent of volatility and volatility.
All else being equal is bad for stocks.
So I'm going to still be careful here.
And then we come back with some individual stocks later on.
Sounds great.
Sorry, trying to get unmuted there.
Sorry, go ahead, Ben.
Yeah, Money Mark, let me ask you one question before we continue.
I could not.
I hit the button three times.
I didn't unmute.
Money Mark, FOMC on Wednesday, no chance of rate cut. And I also noticed that June's probabilities have actually shifted pretty far away from a rate cut.
Pound's not going to do anything here, Izzy.
Yeah, no, look, they are data dependent. So that's the key thing, right? The really, if you're going to what people are going to do, you've got to know what their tendencies are.
And they continuously say they're data dependent.
And they want to keep inflation under control.
Well, what do tariffs do initially is create inflation.
Ultimately, it's deflationary, right, because it kills demand.
And then demand falls off.
You hit a recession, and a recession causes deflation.
But in the meantime, you've got a threat of inflation, and the data shows that, no, they're not going to cut. But what I will tell you
is we are seeing interest rates going lower and the two-year yield often is the best predictor
of what the Fed is going to do. And that is now predicting that the Fed is probably going to have
to make a move lower at some point.
Will it be as early as June?
That may be too early.
We'd have to see, you know, we're going to have to watch what happens with the economy.
And that's why I'm cautious about the 200 DMA, because ultimately the kind of move in the economy that will spur movement by the Fed will probably cause the market to pull back first.
Yeah, great thoughts there. Kyle, let's go over to you and get your market sentiment thoughts.
Yeah, I'm actually kind of surprised. The Russell 2000, all the indices kind of came back the way
they did because, sure, there may be some
talk on some of the tariffs rolling back, but there's no real trade deals, I guess,
that have been finalized, right?
Like I think maybe India will be coming here pretty soon, but I think the US and China
is probably a good ways away.
And when I kind of look at like the impact to the overall market it still isn't really
being felt right like i i think i just saw the other day that the port of los angeles main person
came on and said man like there's nothing coming in and it's going to start impacting the the truck
drivers and impacting the shelves here in the next couple weeks. So I do think a lot of these large retailers
and other people probably did stock up.
But at some point,
if we don't start seeing some deals actually happen,
then I would be very cautious, right?
Like kind of like what Money Mark said, right?
Like I think there are some pockets of strength,
but at the end of
the day, like, the impact hasn't really been felt. And with the tariffs, we never really know what's
going to really happen. I mean, look at the four movie producers yesterday. I don't think they
were expecting a 100% tariff on them. So I would be cautious. I wouldn't jump into any names. And I would really think before
you act in this market and really try to understand like, OK, like what is going to be the
impact on earnings if the tariffs are going to be in effect for a couple more months. But
I don't know. It's I think foreign movie producers might be the most hurt right now. But in all seriousness, I would be pretty cautious right now.
Hey, and Kyle, great point that you make about the port of Los Angeles.
You're seeing that in ports around the country right now.
And that's because of what I said earlier about people rushing to get their inventory delivered before the tariffs kicked in.
So you saw extraordinary volume in those ports
leading up to the tariff deadlines, and now it's dead. And you might say, okay, well, you know,
if this tariff stuff resolves soon, you know, we can see activity get back to normal. But it's not
as simple as that. Because if you're a retailer, you're very seasonal, right? You need your summer clothes,
but if you haven't ordered your summer clothes yet and the tariffs have kicked in, you might
not order them at all. And if this goes on for another couple of months, you might not order
your back to school stuff. And so as you have this thing drag out, you're going to have tariffs
on seasonal materials that weren't ordered in advance because those retailers don't order that many more months in advance.
And on top of it, they had no idea what the economy might look like.
So why would you over order early situation where demand might actually fall off a cliff?
might actually fall off a cliff, right?
So these are the sorts of things
where I've been saying here for several weeks
that CEOs and CFOs in an environment like this
will say, let's take a break.
Let's not buy CapEx.
Let's not hire new people.
Let's not make these expansionary moves
that we were thinking to make until the dust settles.
And that's what they're talking to the administration
about right now is we get it.
You want to make a stronger country and we're all for that.
But you have to clue us in to how we can operate our businesses while you operate your strategy.
Yeah, I mean, I completely agree.
I mean, I completely agree.
I think it's really difficult for any CFO or any CEO to really make any kind of decision right now because I don't think they're getting any level of communication from the administration in the sense of like, hey, this is what is going to happen because it seems the news can change maybe as fast as just a couple hours.
So this level of uncertainty, and I hate to be a broken record, it's like we haven't really
felt the impact yet. And we don't really know when it's necessarily going to fix itself.
We have some glimmer of hope with India and some of these nations. And it sounds like even China maybe
is starting to communicate. But I mean, these could be 60 days, 90 days, six months from now,
we don't really know how long this is going to last. So I would just be cautious and very careful
before you jump into any name. Because some of these names, they do look cheap. But at the end
of the day, the earnings could erode pretty fast, especially if the tariffs are going to impact that business.
Yeah, and that's spot on.
You know, like if the tariffs do impact the business and the economy rolls over,
you'd be surprised how far, you know, people are still expecting EPS growth this year for the S&P.
But in a recession, S&P earnings typically drop 20 to 30%. Put a 15 multiple on that. You could see the stock market down 20 to 30 percent from here in a worst case scenario. of pain that they're willing to accept. And you can hear that in the comments that they're making out, you know, as Bessent
and Trump are out there on the journalist trail.
Yeah, that foreign film thing I thought was very interesting because you could say,
does that open a door to more digital services tariffs, which don't make a whole lot of sense, but also I don't see how that one plays out.
Like I've, I've tried to think about it from several different angles and I just don't see where that comes into a reality,
but we'll see who knows what's going to happen.
Well, that's a great point because like we make the best, we make the best content.
The U S makes the best content you at the US makes the
best content so what if other countries reciprocate like we're not watching
French films German films but they're watching the Avengers yes I that one's a
little bit of a head scratcher agree exactly and they're saying like you know
they want stuff produced and and done in the US well does that you know you all
your born movies your Italian, all these classic movies,
are they just out the window now?
I don't know.
It'll be interesting.
We'll see what happens there.
Ariel, let's go over to you
and see what thoughts you have around this market.
Hey, guys.
You know, it's interesting times now, right?
Like, so I feel like we're kind of stuck
in this environment where we all know what's happening.
This tariff talk has been long in the tooth now, and now everyone's trying to see who blinks first.
And when I say everyone, I'm talking about bears and bulls.
And, you know, it's very difficult to make a decision today that you're going to take a core position in anything since we don't really know, right, who's winning out.
We don't know what the future entails.
That said, I do like to look at the little things.
And I tend to look at crypto to give me a sense of whether we have a risk on or risk off scenario.
I look at advanced decline rates in the marketplace.
And then I ask myself, how do I still make money?
I don't want to just sit on the sidelines and sitting on my hands.
A lot of times that is the smart thing to do.
But I'm looking at thematic news events and look at the drone space heating up again.
And that's a perfect example.
I'm sure you guys will be talking about it when we talk about stocks.
But to me, this show is about what we would like to talk about macro and how does it trickle
down to micro slash small cap.
So I always want to think to myself, how do we have everyone that listens here have an edge and how do we all make money?
So to me, when the risk is on a little bit, as we see here, and you go to the thematic plays, you have to see what just happened in the large caps with Microsoft and Palantir and where it rocketed
right back up to where it was. And I mean, unbelievable, breathtaking increase in the
stock price. Palantir and look at Microsoft up 20% from its lows. These are trillion dollar
companies that are acting like micro caps, right? So why am I saying all this is because I'm then
asking myself, why is the move there? What happened with Microsoft?
That's Azure, sorry, that kind of pushed the actual envelope there with Microsoft hitting
crazy good numbers.
And then I ask myself, okay, so is there still interest and need in power and electricity
to run the rack space?
And then, you know, so guys, that's how I look at these events.
And I ask myself, where's this theme?
And then I go one step further and I still see volatilities high.
Mentioned this before in the show over the last few weeks is then I start buying call
position, I'm sorry, underlying stock positions and I sell options against it.
That adds some nice juice for me on my returns because I'm not looking for absolute grand slams. I think
that's where you have to be extremely careful. You know, when you're focusing on small caps,
we're like, oh my God, it's gonna be 10 bagger. I'm like, fantastic. It may well be 10 bagger,
but it'll take three years. You know, very hard to catch those lightning in the bottle opportunities.
So I just wanted to like go full circle on what you guys are talking about in the macro. And then I want to start trickling it down for the, for the listeners on how we make money
here. Ariel, outside of like the, you mentioned drones there, what other thematics are you
keeping your eye on? I'm looking at rare earths in a big way to, to me, that is a theme.
That's not going to go away. Right. I mean, we, we need this stuff. It's,
it's, it's constantly in the news.
There's a few channels that I tend to also listen to. I won't mention here,
but, but you know,
it's like you guys could do the research and you could see who writes about
all these rare earth plays as an example, obviously commodities, gold.
I mean, looking at that
and asking myself is gold almost done or is the trade still there and then you know money mark
will tell you why it's still there right and and with all the dilution of the currency that's
occurring today um i always like uh you know mark your your your your thoughts on on macro because
you do a great job of summarizing everything together.
But in my perspective and from the banking hat that I wear, I see these things slowly but surely,
being very clear on how things are working out. And I'll finish with this point is,
in those themes, when I see a company raise money and I'm starting to see money flood into some of these
stocks, it tells me that the institutions care. They're looking at that environment too.
And once that dilutive event occurs for that company and the stock's down 20, 30%, because
they always are, that's when I'm like, okay, this is my chance now to build a very nice position.
And I'm not as worried that's it that that shoe
dropped already there's money in the pocket you know in the bank of these companies and now they
could go shopping and actually get that drone deal done right because they have the money to
create the product so these these are things that are for sure you know exciting to me when i when
i look at buying some stock.
Appreciate those thoughts, Ariel.
Let's go over to Dougie and see what thoughts Mr. Dougie Fresh has for us today.
Yeah, guys, like I was saying last week, I really think they have this master plan, and I was not.
After last week, I really thought the market was looking a little bit better.
Obviously, you're going to have your pullbacks,
but I don't think they're getting into that recession territory they're keeping us up over
that 50 right now i thought maybe they'd keep it in that channel between the 20 and 50 and they
still may pull it back it could definitely pull back in that channel but i'm telling you this
thing's looking good obviously it can still pull back into the 520 to spy i'm talking about but i
will say they have this master plan.
We just have to trust the process. And I honestly believe that they're just waiting. And remember,
I said you'd see some pressure on the interest rates. I really think right now that's all we're
waiting for is the interest rates. And I don't see the argument. I was saying this and I posted
about it. I just don't see the argument at this moment that they can't bring the interest rates down because they did it right before the election.
We're not going to be political by no means.
But how do you lower the rates before the election when gas and eggs and all the prices, the inflation was going crazy?
My gas is cheaper now.
My gas is cheaper now.
My eggs are cheaper.
My milk, my everything's cheaper.
And I just don't see the speculation that we're talking about tariffs and inflation looking
on a market like this and can't bring the rates down.
And Powell's saying he doesn't want to bring them down.
And like I was saying, you're going to see Trump start pressuring them.
And there could be deals already done.
And they already know they're not talking about it until the interest rates come down.
We've talked about it many times on this show.
It's the most important thing that they have to get done are these interest rates down.
And without that, they're not making the market pop.
But he clearly proved he controls the market.
Trump can snap his fingers, do whatever he wants with the market.
And now, like I've been saying, read the market each day and just kind of factor in what the administration has to do.
And you'll crush the
market every which way that you want it to move it's so easy and uh and yeah you guys uh been on
the discord them guys have been doing great i think you kind of took the approach a little bit
like that too because it makes it way easier to kind of factor in what's going to happen and yeah
i just don't see them even soon as it became that recession talk back here
when the spy got down on April 7th.
That was it.
They almost shit their pants and that thing just started moving up and you haven't seen
it really come back down.
It had that look like it wanted to and they just keep moving it up.
So I just don't see it.
I just can't see why the rates aren't coming down.
And I don't think we will see any
trade deals. And honestly, I don't think any of them even matter unless we see China in EU.
And they could already be kind of hammered them out. And just everybody's on the silence right
now. And Trump is going to run the show. I mean, clearly he knows how he'd negotiate. He started
it up all the way at the top. And like I was saying, he's going to bend.
He has to bend.
He don't have a choice.
He has to win the midterms.
If he doesn't, his presidency is over.
So he has to give in.
And he started at the top with his negotiations.
He's working his way down.
And I really think there's deals.
Just looking at the charts, and that's what I base everything off of, I just don't see what's going on.
I think they have to bring these rates down pretty soon. If not, I don't see how anybody can say it's not politically motivated. There's no
argument here to me. And I would love to hear what you guys think on that. That's why I brought
it up, because I would love to hear you guys take on that. So that's what I see in the macro right
now. And I would love to hear what you guys think about that well I have to say I've been tracking truflation data and it's been pretty accurate they
say it's like they claim they're 45 days ahead of the official CPI and they've
been down at like one and a half percent for three months now and not really
showing signs of going up yet so no impact yet from the tariffs and by the
way oil coming down is a big deflationary
um effect and opec uh over the weekend i think in a surprise move decided to increase production so
uh yeah we'll see i mean i i don't know but uh you know so far we're seeing inflation below two
percent for the last few months.
But it hasn't really been going up with all the tariff talk, so you would
think that prices...
People are buying that
inventory ahead of time
before the tariffs took effect,
so all the retailers are able to
keep their prices at the previous
levels.
So that's why it hasn't really hit the shelves yet.
Unless they start gouging like during COVID.
Yeah, no, I think it could definitely factor in if it does stretch out,
but I just don't see the administration letting it stretch out much longer.
And again, I just think that they're waiting on,
and I guess if Powell or if they don't drop them down, you're going to have to make some kind of decision and move what they're going to have to do. But I think that's what we're waiting on right now. And I think if interest rates, they decided to say that they were coming down a little bit, anything, the markets would go absolutely insane.
And I honestly believe that they would be at their all time highs immediately as soon as the interest rates come down.
I'm telling you, they have this game plan.
You can see it in the charts, guys.
I mean, you know, I'm a chart person.
I can see it.
I saw it last week.
And look what the market's doing right now.
I just don't see the argument and put all the numbers out there.
And yeah, they got to drop the rates.
They can't you can't lower the rates right before an election and not do it now with the market running like this.
So I just don't see why they don't.
You'll see.
You might be right, man.
Seriously.
I mean, definitely.
I mean, the last five years, everything that's happened has just been one surprise after another.
A lot of this has been hard to predict.
So your guess here is as good as anyone.
I don't think anyone at the beginning of the year expected a 145% tariff on China.
I think even the most bearish person, here's the way I view it.
We don't really know the impact on these tariffs or what these tariffs are causing probably for another month or two.
If the inflation is still low in a month, then absolutely. I think that the Fed right now is like the big fear is if they're lower rates and then the inflation. It's an impossible situation.
I don't think anyone really has a good answer. We don't really know the impact. And like,
I mean, right now you're right. Probably cut rates looks
right, but I don't know. Like we're, we're just now really seeing the impact at the ports and a
lot of these retailers that they already have inventory built up. So we may not see the impact
for another month or two, who knows? Yeah. But I, I think, Hey, cut the rates,
see what happens. If the market excels, everything starts getting better.
Economies work out, trade deals happen, tariffs end up doing whatever and everything works out.
Then, you know, there's no reason to raise them back up.
If things don't work out, they always have the opportunity to just go, yeah, we got to raise the rates back up because, you know, you didn't get them.
You didn't get the market running the way it needed to and this and that and whatever.
But, yeah, I just don't see that argument at this moment.
And I know that the Fed's speaking Wednesday.
I don't know if it's the decision Wednesday.
Don't quote me on that.
I just know Powell's speaking on Wednesday.
So I'm not sure what's going on.
But just looking at the charts like I do, something's happening here.
And I know there's going to be some major pressure for them rates to come down.
And I really believe they mention anything about them coming down.
This market's going to go skyrocketing.
You know what, Dougie?
I'd vote for you for FedShare.
I'd do it.
I'd put you in.
I love it.
Let's do it. But yeah, no, I mean, I think we just have to make that leap, do it,
because the market, like I said, I think Trump's proved that he can control the market. I think
the Fed's just sitting there going, how is this? I've never seen a market do this in my 20 plus
years of looking at charts. And that's all I base things off of. Like I said, that's why I was asking
you guys, because I know you guys dive into all the numbers and know the inflation numbers and
everything.
And I clearly just look at a chart and base everything off of it.
And but, yeah, I just it's just kind of wild to me what we've just watched, as you guys were saying, too.
I mean, whoever thought that they would come down like this, jump back up and be kind of stable like they want to run up.
And we have all this tariff talk and inflation talk still going on.
It's a bizarre market for sure i mean dougie fresh i think it would be easy all you gotta do is say data
dependent don't do anything until all data changes uh i feel like it's not that hard of a job i don't
know maybe i'm uh being a little suspicious there but yeah it would be interesting i mean to the
point that was made on like the suppliers and people,
you know, buying things ahead of time,
there's also going to be
an interesting scenario here
where once we do have some deals in place
and there's a clearer picture going forward,
did they overbuy ahead of time?
There's a risk on the opposite side of this too.
Like they're trying to thread a needle here
with some of this.
It'll be interesting between warehousing and storage, things sitting in ports. I don't know. It's going to be very,
very interesting. But that was a good first half hour there going over market sentiment.
I'm ready to bring it down. And here's some individual names that you guys are watching
or thematic names that you guys are watching here. Ben, we'll kick it off with you, please.
watching here. Ben, we'll kick it off with you, please.
Great. I'm actually pretty excited about a bunch of earnings reports this week.
First of all, we had the last small cap that I was excited about, an earnings report, a microcap,
was Mind, which did pretty well. Did I win that week? I almost won. I don't know.
On the stock picking competition. But it's retaining the skeins hasn't really gone up since.
That was MIND.
So that was one.
And I got a whole bunch, man, this week.
It's an exciting week.
This is a really exciting week for like small to mid caps and growth companies.
Obviously got the hems and pounds here.
But these are the list of the ones I got on my radar.
And I own about half of these right now.
We have TMDX, which I think is – let me check the dates on these.
TMDX is Thursday.
Thursday.
We got PBI, which is actually my largest position.
That's Wednesday.
We have Kodak, which is also on Thursday.
I have a nice position in.
We have Root, which is Wednesday Wednesday is one of my larger positions obviously of him tonight is one of my larger positions and my long
term retirement account and then if those those are probably that in terms
of small caps and there's others like I'm all gonna be looking at like geo
and ktos but TMDX PBI Kodak root and, Root, and HIMSS. Well, HIMSS may be too large cap for this here, but TMDX is pretty big too.
What's the market cap on TMDX?
$3 billion.
$3 billion.
$3 billion.
So the smallest caps out of those I mentioned would be PBI, Kodak, and Root.
So those three, PBI, Kodak, and Root, I'm really pumped about their earnings.
PBI, I think, is going to be a slam dunk.
Their earnings report,
don't anticipate any surprises. It's a major deleveraging story. Their earnings are just sequentially improving very quickly, and they're paying off that debt. Incredible story there.
Kodak as well, similar situation as PBI. Maybe not as transparently clear what's going on there but
we'll see Kodak has potential for some explosive upside I think maybe starting Q2 but maybe we'll
see some indications of in Q1 because of tariffs that went into place in November actually believe
it or not under the Biden administration but it was after the election, some tariffs that went into place to protect Kodak's business, specifically targeted to protect
Kodak's business here in the States on printing plates. And that could have a major positive
impact on the revenue. So I'm looking forward to that on Thursday. And then Root is that insurance
company that have a large position in it.
It's also, you know, this Emp, it's one of the picks of the year I have in that stock picking
competition, continues to be one of my larger retirement account positions. So yeah, despite,
you know, my concerns with the NASDAQ maybe hitting a resistance here at the 200 DMA,
as far as small caps go, I'm actually not holding back.
And I have full positions.
And definitely PBI is a full position right now.
Not only long-term, but in my trading account.
Kodak is a smaller position.
With a name like that, I don't know.
I kind of like to see what they report.
And if it's good, I'll jump on it in bigger size.
And then Root, I do not have a trade position in it, but it's one of my larger positions in my retirement account.
So those are three small caps I'm really excited about.
Obviously, HIMSS, also something I wasn't really excited about after that deal with Novo Nordisk.
Even before that deal with Novo Nordisk, I was planning on getting to HIMSS before earnings and that news kind of ruined my plans because I didn't
catch that gap on that news, at least not most of it.
So we'll see.
I love HIMSS.
It's in my retirement account.
I expect really good report after the close today, but how much of this is priced in,
you know, it gets a little trickier when you run up so hard into the report. So from a short-term perspective, you know, I'm not
sure how to handle HIMSS. But as far as things that haven't really exploded yet in the ERs this
week, things I'm excited about, I guess PBI, Kodak, top two, and then Root as well.
and then root as well.
Mark, I saw your hand go up.
Or Kyle, go ahead.
No, no, I was just going to say on TMDX,
I also agree.
Like, that's definitely one to watch.
And the reason why is that the flight data
is being tracked all over Twitter.
And based off the flight data,
they're setting up to have a really strong Q1. The analysts haven't really revised their numbers
to the upside, but over the last quarter, the flight data is showing significant growth.
And that's a really good way to track the revenue. And then something else to call out,
the price of jet fuel has actually gone down pretty significantly year over year.
So then the bottom line should also improve just from that.
So I really like TMDX.
I actually picked up some shoes on Friday, and I think it's going to have a really strong Q1.
Yeah, I saw that.
Jonah Lupton's been reporting on that for quite a while. But then also,
I think over the weekend, people are posting a lot of new job openings, a big increase
in job openings, I believe, at TMDX. And the chart looks nice. So yeah, I doubled my position
in this in my retirement account. And I actually just added some call options on this for my
trade account. Just added it today. Which one? $95 strike this week.
All right, MoneyMark, jump in. Yeah, man. I hope you don't lose me. I'm in the middle of London
right now on a European trip. So real quick, we've had a nice big run. We're heading up to the 200 DMA. So what I've been focusing on is
looking for names where the risks that are out there around Trump's four pillars that I've talked
about week after week are low. So if the risk is low and the potential reward is high, that's what
I'm looking for. I found a few names that I'm in the later stages of
research so stay tuned on that. Now on Friday's show that I do on YouTube there
are two names that actually knocked off my list because we are bumping up against
the 200-day moving average and there are some questions about their operations
and those were TSSI and ECi and ecor those who started following me
more recently hopefully you didn't jump into those names in the middle you know my rule number one is
get in when i get in get out when i get out and in those names we've had great profits uh ecor
and uh it's probably 3x at its high uh people are taught to take some profits if you're
you know doubling or tripling your money get some money off the table tssi was a six bagger at its
peak and we're just stepping to the side right now because there's some questions about their
operations um and tssi in particular what i'm trying to figure out and getting ready to travel so I didn't get a chance to follow up on this but Nvidia
Saying that they're going to start delivering
And it's not in the description
Makes it sound like they're not just gonna do GPUs. They're gonna do the GPU server the rack everything
just going to do GPUs they're going to do the GPU server the rack everything
partner with Dell and PSSI to do that or are they going to do the whole thing
themselves I mean obviously they're already partnered with Dell and PSSI so
why are they making that kind of noise right now we need to figure that out in
addition to the fact that we didn't see a tremendous amount of operating
leverage in last quarter's result i was very vocally negative about the earnings call that
they gave us and and the stock obviously uh has not done great since so we're just stepping to
the side with those doesn't mean i don't like the companies doesn't mean the opportunity is not
great but uh you know those are names that we're going to be careful about. And like I said, I've got a few names that have really great potential that stay tuned.
I think as early as next Monday, certainly, you know, Friday on my Friday show and then Monday on this show, I'll be ready to give you some new stuff.
Appreciate those thoughts money mark how is uh how is london oh how is london london is cold i live in you know i live in miami beach so it's 80 every day
it's like 57 right now here.
I have some friends over there that I was hearing it was a little bit
nice the last couple weeks, but it was
getting chilly again was the report I got.
So hope you're enjoying your time over there. Appreciate
you joining even from across the pond.
Sorry, I was late on muting
there. Go ahead, Ben. Money Mark.
I think I told
you about PBI on this show a few months ago.
Did he ever look into that?
Any thoughts on that?
They got earnings this week.
Haven't gotten a chance to, you know, with such a focus on the economy and
the impact on our existing positions.
Wanted to make sure that we had all that buttoned up, obviously making those big
decisions on E-Core and tssi uh but yeah we're
gonna get to pitney bows uh asap on that but on kodak i'm with you and and i do think it is
underappreciated that's a great example of what i was saying where you've got limited risk
underlying value in the name but with great upside potential with some of the things that they can do in their operations
nice always good to get uh validation from a uh peer so that's beautiful
all right um kyle did you have any uh other picks or things on your radar that you're watching that
you want to throw in the mixer yeah i actually um i actually had a couple names i can throw out um there's actually three of them
so the first one is crick sendo cxto the second one will be mpti imtron industries and then number
three will be bk technologies bkti um and the reason why I'm picking these three names,
because I think all three of them are probably going to get added to the
Russell 2000.
They look to all be well over the cusp this year,
and they're all fairly illiquid names today, especially BKTI.
So I think when they get added to it in the next month or two,
it's probably going to drive a lot of volume to them.
And maybe to speak a little bit on what they do, because even if they don't get added to that index, I still like all the names.
So Crixendo, CXDO, they're a UCAS software provider, third biggest in their space.
biggest in their space. The two biggest providers, Cisco and Microsoft, are one, leaving the space,
or two, they're just not doing very well and the support's pretty bad.
And Crixendo does report earnings tomorrow. So that is one to watch. And it's actually
one that should do fairly well, even if we did enter into like a minor recession or something like that,
because they are the low cost UCAS provider and they're stealing partners from Cisco and Microsoft.
So that would be the first one. The second one would be MPTI, Emtron Industries. It's a very small defense contractor. They build RF components for all
the tier ones. These components go into drones, radars, satellites. So pretty much everything
that the administration really cares about. So that ticker is MPTI, and they should do fairly well over the coming years, just given the industries that they play in.
The third one is BK Technologies.
Ticker is BKTI.
They build radios primarily for wildfire firefighters, police forces in the U.S. and Canada.
police forces in the US and Canada. They were forecasting 280 EPS this year when the terrorists
were in effect, but now since the USMCA is still in effect, I expect them to raise their guidance
on this next earnings call. So the three names were CXDO, MPTI, and BKTI are the three names.
Appreciate that, Kyle.
Dougie Fresh, let's go over and get some of your ideas,
and then I see Spartan joined us.
We'll hit him after.
How's it going?
All right.
So we had our Wolf Speed and our other Wolf, the Terror Wolf.
Both of them were way up this past week.
So they were really nice.
The Wolf WOLF, Wolf Speed's hitting a little resistance up here.
It's down like 20 cents today.
But it has jumped pretty good from like that $2 mark into the $4 mark.
So we'll see if that pulls back a little bit.
And then the other one, Terror Wolf WULF, that one has earnings coming up on the 9th. So
that is Friday. And this one actually is looking pretty good. Just a little healthy pullback today.
So you can keep an eye on them too. And like I said, the Terror Wolf WULF is looking a little
better. Just a little healthy pullback going into the earnings. Open, I spoke about this one before,
Open Door Technologies. And it has pulled back here.
They have earnings tomorrow, and it appears to be curling up.
I'm not so sure it's going to get through the MACD, but it doesn't look too bad today.
So I'm just taking a look at this.
And again, I just look at charts, not really long term, just for quick little pops.
And then obviously I was taking a look at what you guys were just talking about.
And I'll have to say that TMDX1 Transmedic is looking pretty good.
It just kind of pulled back under the MACD a little bit real quick.
But it could pull itself right back up there and really get cruising.
It actually looks like it wants to.
I'm not going to lie.
And I'll tell you another good one that Ben's looking at.
That route right there is looking really good too at 142.
And they have earnings, I think Ben did say, on the 7th. So that's Wednesday. Ben's looking at that root right there is looking really good, too, at 142.
And they have earnings, I think Ben did say, on the 7th. So that's Wednesday.
But that looks like it's about to pop up.
So it actually just kind of pulled back just a hair as we're looking at it.
But I think it'll go right back up.
It's nothing crazy, just moving around.
But, yeah, I think that looks really good right there.
And that PBI is not bad also, hitting the 50.
It's just it could pull back a little bit, but it's in that good right there and that pbi is not bad also hitting the 50 it's just uh it could pull back a little bit but it's in that channel right there and i think that's going to be cruising
and you said they had earnings coming up as well and they were when on the uh 7th as well so yeah
a lot of great earnings and it is a lot a ton of earnings going on but yeah so i just look at the
poppers and i kind of stay away from earnings i've said
that before i trade around them i don't really completely understand it and again i just look
at charts so it kind of throws me off a little bit but i'll tell you them ones are looking really
good and i was looking at the ones kyle was looking at what'd you say the first one was cxdo
is that what it was there it is i was looking. I couldn't find it. Oh, yeah, that looks really good, Kyle.
CXDO, Crexendo.
That one looks good.
The other two could have a little bit of pullback with our setting up, but that CXDO is looking good.
So that's what I have for you guys this week, and thanks, as always, for having me on.
Good stuff there, Dougie.
Good stuff there, Dougie.
You know, I agree with you about avoiding earnings and trading around it, especially
in a trading account.
In a long-term investment account, I hold through earnings reports.
I've been very selective.
There have been like three ERs or so that I've held through this year, and they've worked
out pretty well.
So PBI is going to be another one.
The more recent one was Mind that I held through, and then Berna Technologies.
These are the ERs I've held through.
And PBI I'm also going to hold through.
But I'm very, very selective.
As a general rule, I'm not going to hold hims in my trading account uh for the earnings
tonight uh as a general rule i think it's smart to avoid earnings um in shorter term trading accounts
i totally agree with you on that it's just they're weird i mean we saw tesla they went what it went
it missed by like 70 and the thing jumped up like 12 It's just bizarre. I kind of feel like I could read
it better just off the chart, but I still don't even trust that. So I just skip around them and
there's always opportunities everywhere else. Spartan, we'd love to bring you in. Welcome to
the stage. Hope you've been well. We'd love to see what's on your radar. And if you want to throw in
some macro thoughts too, we'd love to have those. Yeah, thanks, well. Would love to see what's on your radar. And if you want to throw in some macro thoughts too,
we'd love to have those.
Yeah, thanks, Wolf.
So a couple of things, you know,
I've been kind of on and off.
I've been on the small cap panel in a little bit.
I just wasn't seeing too much.
I didn't have much to add.
But last week,
started to see a lot of spec money come off the sidelines
into some of these small caps, low float names. We got lucky, a little bit lucky over the weekend we took this gpus at 144 on thursday
tweeted it out and i had my little like you know there's something up here um and that thing ended
up going where it's like 820 today we ended up taking off most of it um we had another one last
not the previous friday but the Friday before that, Weight Watchers.
I was watching this thing at about $0.14 and $0.12, and there was weird volume coming into it,
so we decided to take a position in that one.
Bankruptcy play, I was thinking that because there wasn't confirmation that this wasn't bankruptcy. There was people close to it, thought that that might be the case with the bondholders.
I thought that might be the case with the bondholders.
And then, of course, that fund came in and took a 13-year.
It ended up being a really nice win for us.
But we sold a little bit early in terms of scaling out of the larger portion of that position.
But what I'm starting to see is some of these smaller NASDAQ names that are cleaner companies in terms of not a lot of debt are starting to get some buying in them,
whether it's going to be, you know, some guys coming in to acquire, you know, controlling
interest of these companies to do RTOs, or these names need to get back above a buck. There's a lot
of opportunity in some of the cleaner ones. So I'm looking at those from a fundamental standpoint,
I'm seeing some opportunity there. Right now, we're in this GNPX, took it at 32 cents, you know, starting to add into it.
We'll see where this thing can go, biotech name. But take a look at it, floats not too big,
not too much debt. And this is the type of name where I look for that weird action
that we can kind of speculate on. You know, with the small cap stuff, you know,
the fundamentals are great and all that. But realistically, if there's no momentum or volume
into them, they're not going anywhere. And there's going to be, you know, for fundamentals are great and all that. But realistically, if there's no momentum or volume into them, they're not going anywhere.
And there's going to be, you know, for the most part, continued dilution unless it's a very special situation that is cheap and trading lower.
So that's what I look for on these kind of small caps.
It seems to be working OK on that GMPX.
A couple of areas I'm looking at.
I talked about this last couple of months, but now we're starting to see the gold miners starting to take off and mining names in general as well.
And I think that's going to continue.
That's a very slow build into that sector.
When it starts, it tends to last for quite a long time.
So you're having, you know, basically some money rotate over to gold and into the gold miners, which is great.
So I think, you know, that could be an area to take a look at some of the smaller cap names there. I'm going to be watching uh small cap uh china names
particularly hong kong related we've all seen those names before and how big they you know can
rip to the upside i'm just building my list right now of kind of those names because i think if you
see you know more and more stuff positive with china and the us in terms of the trade then you
know you tend to see the big caps go first then the mid caps the chinese big caps and then when
the small caps go there's usually a couple of huge rippers.
So the risk reward is typically pretty good in areas like this where the liquidity is just not there yet.
So you can kind of grab some speculate.
You know, if you're wrong, you can take it off 10 cents, 20 cent loss.
And if it does work, I think you're going to get like 10 to ones on some of this stuff.
So, you know, I'm starting to see the sector get a lot better. You know, for me,
I'm a momentum trader on the small cap stuff.
That's just the way that I always work.
I'll be watching the quantum names as well off the lows here.
I think that area looks pretty good and anything kind of semiconductor
related semis in general, from like a macro perspective,
trying to go off the lows for continuation higher.
The earnings have been okay. They haven't been terrible by any means.
And also, you know, one thing to keep in check is, or keep in the back of your head is this
is, you know, this tariff situation is man-made, right?
So it's not like it can't be corrected if they really need it to be.
So the earnings this season have been, you know, not terrible by any means that they, you know, they're giving ranges, et cetera, of the guidance.
But I think you can take it all with kind of a grain of salt.
And as long as they're not absolutely terrible, I think that, you know, most of the stuff in the market is going to hold up.
And I like that trickle down for anything small cap that's related to the semiconductors that has exposure in the U.S. should do decently well.
And I think you could probably find some pretty interesting names there.
Yeah, I'm kind of just getting back into this right now in terms of the small caps.
The last two weeks, I've seen a lot of opportunity.
We've been pretty heavy in a lot of these names.
Today, I put out a new updated thesis on FMST foremost.
You can see it on my Twitter.
Take a look at that one.
It's trained some pretty good volume.
Set up off the low downturn break. that's a nice looking technical name there so we'll see in terms
of continuation what we can get there and yeah that's that's kind of it you know i'll kind of
give you guys a broader approach into regards to what i'm thinking but i think you know now's the
time to do some due diligence watch for weird action on small cap names note them um and look
into them and see if there's anything going on there. I think you can find some pretty good opportunities.
I found two in the last week, and both of them went up over 400%,
or 500%.
So there's definitely opportunity now.
And that's kind of what I'm looking at.
I agree with Spartan.
Small caps, I said that last week.
You can see they are popping.
I mean, I think Ben and them now the kidz too i mean
that thing went ballistic i had that really early right before it went popping my average was what
110 it went up over ten dollars the other day so yeah there are some major great opportunities out
here and a lot of them are in the small caps because the big caps are just kind of a little
bit flat the money moves back in like spartan was saying. So, yeah, great call for you guys.
I'm telling you guys, check out Ben's Discord.
He's on fire all the time.
They've been killing it.
And, yeah, they've been playing the market really well.
I've been watching their calls.
And, of course, I look at everything, and they have been on point.
So, yeah, just take a look at some of these small caps.
We go through them all the time, too, so you can check out my show at 9 p.m.
It doesn't really interfere with anybody.
So if you're up, we go through all these all the time.
So thanks again, guys.
This is, like I say, this is the best show, I think, on these spaces, to be honest with you.
It just has a great, I mean, Spartan just nailed it down.
You guys are great.
Ariel gives you a great banker view.
I love listening to Ariel.
And obviously, Money Mark's always on the money.
And so is Godfather.
Hope he's feeling better.
And thanks, Ben.
And Emp, you guys are awesome.
So yeah, great show here.
Always a great show.
And always awesome picks going on.
And then like you guys say, follow everybody that speaks because they all have something
great going on on the side.
And we all come together on this show and make a banger show.
So thanks for having me on, of course.
All right, Dougie, I couldn't agree more with that.
Look at that.
All that praise he threw on everyone there.
I'm about to cry, man.
I know, right?
Hey, Dougie, let me ask you something just a quick chart view on um weevil b-u-l-l
now i've been watching it i think we have it looks like it's trying to base out there on that 200
and obviously it's fairly new so it doesn't really have a 200 but it does and i do i'm just watching to see if this uh bottom right
here is that 1309 area it appears that it wants to be we're 1562 i think we could get pulled back
a little bit and that's what i'm looking for right now as it starts to set up i think it was
it's just trying to set up and it's making that base right here so i think it's going to be a
great opportunity i saw you talking about that and uh yeah i agree i think we're getting that base down there and
obviously you don't have to catch the bottom say that bottom it has to be is 1309 down there
as long as you know it's going back up and even if you're in the 15s this thing could get run in
the 30 40 hours with no problem you just don't want to jump in it too early while they're pulling
back and then you're sitting there watching your account pull back with it when you could have got 30, $40 with no problem. You just don't want to jump in it too early while they're pulling back.
And then you're sitting there watching your account pull back with it when you could have
got a better opportunity or a better trade. So I'm always just looking for that timing right there,
obviously, like you guys are. And yeah, I think that we're getting to be at that bottom.
And it's just a matter of a few days to see how it sets up these next few days. And then I think
it will be a great opportunity. And I think our bottom is right around that 1309 that's what it looks like to me at the
moment but i'll keep you guys posted beautiful appreciate it hey m did he did he ever get into
those bull words i have not pulled the trigger i have not i i actually i was looking at it closely
on friday i got a little distracted i was looking at it closely on Friday. I got a little distracted. I was looking at it Friday, especially when I saw the bull, the actual underlying, whatever
you want to call it, getting that break of the high, kind of what we call like a three
bar hop, failure of the downside, held the double bottom and took off from 13.
I just, I haven't pulled the trigger.
Honestly, it's because of where the market's at more than anything.
I've just been a little bit more cautious.
We were coming into that 200-day on NASDAQ that's been mentioned here a couple times.
So I've been kind of taking it a little bit easy after this big rally.
I mean, up eight, nine days in a row across the board.
No, that's been smart.
I've definitely been slow to the trigger as well because of that.
But, yeah, it's beautiful though.
That relative strength of the warrants has just been unbelievable because of how they
work in the arbitrage there.
So we'll see.
At this point, most of the arbitrage play is finished on the warrants and now it's just
like a call option on this big rally.
If we get it, you know, the one that Dougie was just talking about,
those words can be up like 10 times.
It'll be crazy.
Well, great show today so far.
I want to see if we've got any final comments.
We'll go around the panel one time here at the top of the hour and see if any last comments, follow-ups,
anything that you guys want to throw out to the audience today.
I will echo what Dougie Fresh was saying.
Make sure you follow this all-star panel.
Godfather couldn't be here today.
Hope he gets to feeling better.
Money Mark, obviously, traveling.
We appreciate him taking some time out of his travels to join us.
Make sure you follow all these great speakers and check out outside of the space, obviously.
A lot of them on their timelines.
They're doing some great stuff there.
There's different live streams on other platforms as well that I've seen
as well as discords and
some deeper dive stuff. So definitely check
out all of them. And Ben, we'll just start with you
and see if you have any final comments to leave with the people
today.
Final comments. Clear
schedule. Join us at 5pm
for the weekly stock picking
show where we will
hopefully at the start of the show,
be going over the yearly picks.
Got a couple of nice yearly picks
I want to give you some good updates on.
That's about it. Thanks, guys.
Beautifully said.
Kyle, how about you?
I'm going to say you've got to join Ben at 5 p.m.
because that guy brings a lot of value,
and I've never seen someone grow an account as impressively as he has I
Ben how what was it the starting balance of the account last year?
18,000 in October and we're up there around 600,000 now. Okay, so I what you're telling me is I probably should have just listened to you this whole time
Told you guys he's killing it
over on that discord i see yeah i don't have really anything to add but i um i do want to
say you should probably listen to ben appreciate it you're awesome listen to kyle too that's pretty
good this whole panel but but I can't disagree.
There's some really great thoughts across the board.
And I'll say that stock picking show that Ben was mentioning,
there's somebody that's close to first to second place almost every single week
and may or may not be story trading. We'll just throw it out there.
You'll have to join and find out, of course.
Spartan, let's go over in your direction.
I know you came in a little bit late,
but just any final thoughts
that you want to leave with the crowd today?
Thanks for joining.
Yeah, sure.
I'll give you guys some macro.
Look, so, you know, market right now,
we did hold,
we filled a little bit of a gap extension.
That's what that gap down was today.
Most of the tech was,
most of the semiconductors
are still set up off the lows.
Watch them this week.
You got AMD and SMCI reporting.
Obviously, SMCI did some preliminary stuff as well,
but that's going to be very important for the market.
Everything else, big cap-wise, looks pretty good.
We're back above the weekly on the 50MA,
and that's very bullish going forward.
And that's when you start to get that spec money coming off the sidelines
into some of these more, like I said, highly speculative names.
So there's a lot of opportunity there.
Watch for weird action in them.
You're going to see blocks being taken.
You're going to see larger positions being put on.
If you set some screeners, set them for a lower volume on low float stuff, you'll find
that you'll be able to compare it to what's going on within the sector.
And if you see something that's kind of outlined and kind of weird,
usually there's something kind of going on there.
So I think there's a lot of opportunities. I found a couple of the last couple of weeks.
So definitely don't sleep on that.
Just make sure that the charts line up
or score makes sense and they're worth a shot.
Yeah, going forward, guys,
market looks good until the end of the day for now.
I know Trump's speaking a little bit.
So watch the headlines, but it looks like we're kind of smooth sailing here going
forward so yeah final thoughts for you guys there beautiful appreciate it spartan glad you made it
by today hope you make it back uh next monday as well every day every monday at uh 1 p.m eastern
for the show yeah i'll be here i'll be here sounds great sounds great uh dougie fresh final thoughts
no i think uh just kind of pay attention to the market see what it's doing each day and really
just kind of factor in like i said i think we're we're in pretty good shape as spartan was just
saying things don't look bad we might have a little bit of pullback and even crypto had been
pulling back a little bit but i think it's just a little healthy and
these things are getting set up and i think we're going to start seeing a market run i think they're
going to stay out of that recession territory at least they're definitely trying to that's for sure
and obviously these tariffs we have to see how it works out but i don't think it's really hurting
the economy as we can see things don't look too bad and uh a big capper to look at we've been
watching this thing d-e-c-k i don't know what decker's outdoor corp does it's like 120 dollars
but this thing's ready to rock and roll it just got over to 50 we were watching it down here at
like 110 and i didn't realize it was up this much i'm like whoa i didn't even realize this thing was
up that much i got to see that in my account because i had it in uh yeah but it looks like it's gonna roll up some more so yeah like uh you guys were saying just
check everybody out always great info and uh thanks for having me on as always and uh one
o'clock mondays check it out because it is a great show and a great panel
appreciate those thoughts dougie and uh see ariel snuck back in here ariel we're doing some
wrap-up just final thoughts anything you want to leave with the people today yeah i've been
listening just been having a little connectivity issues uh so last thing is uh the tokenization
of assets is becoming a rather big theme i'm seeing a lot more public companies getting out
there a lot of these stocks as you guys know, I'm seeing some crazy movement and volatility. But that's going to be something that I think is going to
be a very major part of what's happening today. And in the future, as someone that's in the markets,
it's a lot more effective if you don't have a timeline to when you could move stock around.
And that's what blockchain allows you to do for a lot of these companies.
And that's what's happening today.
So imagine where the future is going,
and I'm starting to see this movement now in a big way.
So tokenization of assets and look for stocks that are in that space.
That's my final thought here today.
Appreciate that, Ariel. that's that's my my final thought here today appreciate that Ariel and I will say it's been very interesting seeing the tokenization of a lot of things there's actually a few spaces on our schedule this week tokenization of
several different assets I know oil and gas was an interesting one that I saw pop up on the radar
so we'll be talking about that one of our evening spaces, double check our calendar. I can't remember if it's tonight at four or tomorrow at four. One of the two, but either
way, check that out. A big shout out to the whole small cap investing crew. So much great, great
alpha shared on this show each and every Monday at 1 p.m. Make sure you tune in, set your reminders
for that. And after this, we have a power hour coming up here in about an hour,
about 55 minutes. And we'll talk about the market in general. We're on stocks on spaces.
And then after that, we do have that stock picks for the week show tonight that Ben mentioned a
little bit earlier. Big shout out to the whole small cap crew. Appreciate everyone that tuned
in today and we will see you guys on the next space. Hope everyone has a great rest of their afternoon. Thank you.
