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STOCK PICKS FOR THE WEEK!
Recorded: March 31, 2025 Duration: 0:53:42Space Recording
Short Summary
The discussion highlights Uber's partnership with OpenTable, a trend towards leveraged trading strategies, and market uncertainty. Additionally, there are bearish expectations for Bitcoin, suggesting a potential decline in its value.
Full Transcription
Thank you. so
What is up everyone? Good evening, good afternoon, wherever you are in the world. Maybe good morning
for someone. I'm not sure. But it is Monday, the last day of March, March 31st, day before
April Fool's Day. That's been my freebie advice for everyone today.
So keep your head on a swivel tomorrow and then keep it on even tighter swivel on Liberation Day, just two days away. But either way, it is 5 p.m. Eastern on Monday, which means it is time for
Stock Picks for the Week right here on Wolf Financial, the longest running show, according
to Gov, here on FinTwits. So we're happy to keep this going. And obviously, we have some great
panelists and stock pickers that come up each and every week. We do appreciate their time. And I'll
go ahead and shout this out now. If somebody says something smart, something you like, give them a
follow, check out their content. We do appreciate their time on this app and with that
said i'm ready to kick off into some market sentiment um ben i'm going to start with you
i know you gave some thoughts earlier but would love for you to uh you know different audience
maybe here would love for you to kind of rehash some of those and give your market sentiment
thoughts for uh we're going to get a bunch of question marks, I feel like, across the panel.
But either way, I do want to hear everyone's takes on what's going on in the market.
Yeah, well, as I said earlier, it's a shit show.
I don't know, man.
I really don't, I don't think anyone knows what's going to happen this week.
I really don't.
I'm surprised by the price action today.
I was, I am shorting this pop on SPY.
I think through earnings season here the next few weeks, there's a chance SPY gets as low as 488.
That's like the bottom of my range.
Over the next three or four weeks, that's like maybe a worst-case scenario.
That would be exactly a 20% correction from the peak.
And looking at the 200-week moving average might be going there.
But look, honestly, I don't know.
This is just crazy.
I'm not sure I ever remember a period like this that is just so volatile based on the headlines and this uncertainty with the tariffs and everything.
And it's just very hard.
We'll get around to the stock picks.
My picks did okay, surprisingly, but that's like two picks out of 30 stocks.
So it's been a very, very hard in my portfolio.
So it's been a very, very hard week. And I honestly do not know what to expect.
I was surprised at the price action today.
So I'm shorting the pops on SPY.
And wish me luck, man.
Wish everyone luck.
It's a crazy market.
Absolutely.
Appreciate you kicking us off, Ben.'s uh it is interesting things are wild right
now so uh the big picture painted out is uh essentially we uh of course we dropped we
consolidated for two weeks we popped up above got to the 200 day moving average and then fell back
down traversed that entire range and made a new low at the open today and then fell back down, traversed that entire range, and made a new low at the open today,
and then recovered right back to where we were essentially two to three weeks ago.
So that's the big picture for everyone.
And let's continue to get everyone's thoughts.
Andrew, my man over at Real Pristine Capital, what's on your mind?
What are you seeing out there? Do you have any clue? I know that's been kind of the theme of the day in every conversation I've been in is people are like, well, maybe this or maybe that. We need more information, and we've got a lot of it coming down the pipe.
What are you seeing out there?
Do you have any clue?
think there's there's really two two universes going on here so if we're thinking about like
the five minute chart um you know the the day-to-day minute-to-minute updates that we're
all seeing on social media that kind of thing then yeah you're pretty much you know running
out of the crowded theater you know screaming fire screaming fire, the world is ending, like it's all completely over. And yeah, all the indices, like the S&P 500 is down about 10%, which is a correction. You know, there's a term specifically for it, because these happen all throughout history. You know, at least once a year, there tends to be a market correction.
all throughout history.
You know, at least once a year,
there tends to be a market correction.
So this is really like, you know, it's nothing new.
It's nothing we all haven't experienced before.
This is nothing that we're not going to experience
time and time again in the future.
So there's that, you know, over-stimulated world
where you're probably just completely panicking.
And I can tell, like, I chat with a lot of traders you know on a daily basis
especially a lot of people that are a little bit newer on the scene and yeah it's pretty much like
complete panic and even in the institutional world as well yeah a lot of people are panicking
if you zoom out to the bigger picture which is where where I typically am. Like I know we do these contests.
These are like a one week pick. I never operate on the one week timeframe. When I look out at
the bigger picture, you can see like 2023 and 2024 were pretty much outlier years. They were
just freaking awesome where the market went up in a straight line and never really corrected.
the market went up in a straight line and never really corrected.
And I think it's,
it's pretty natural and normal.
Hey,
we got to 2025.
There's a new administration that wants to do everything a little bit
differently.
And when you get all of these players in the market that are all pretty
much levered long at the same time,
then yeah,
you get a little bit of a shakeup and the markets,
they're essentially a big game of poker.
So you basically have everyone at the poker table.
Everyone is fully committed all in.
And then all it takes is for a few of those bigger players to withdraw their positions.
And it really just creates a big cascade.
And then really what happens, you get a bunch of different players that are blowing out of their positions.
Their risk limits are getting hit.
So it kind of creates this, you know, it's the opposite of a virtuous cycle where people start taking positions off.
They start getting scared.
Then as they see the markets falling, then they start reading the news.
The news knows everyone is afraid, so they start putting out clickbait headlines.
The news knows everyone is afraid.
So they start putting out clickbait headlines.
And if we think about what's going to happen on Wednesday, it's the tariff liberation day.
And the market is down so much.
It's down 10% of the index level.
A lot of the growth stocks, they're down 40% or 50% plus.
So now everyone is kind of hyper-focused on this tariff day. And it's like, oh my gosh,
like the world might just end on Wednesday with these tariff announcements. And like,
you know, all these companies, they're going to cease to exist. And, you know, the stock market
is just going to end. I'm not of that view. Like, I think with the first Trump administration,
they ran the same playbook. They
did tariffs. There was a trade war between the U.S. and China. The market ended up doing just fine.
We had the Biden administration. They kept on all of those tariffs. And there was even some stuff
like chip bans going out to China. They were actually pretty hawkish in that administration
as well. So I don't think it's like, oh, actually pretty hawkish in that administration as well.
So I don't think it's like, oh yeah, the world was able to withstand those tariffs all those
years ago. Now the world's going to end on Wednesday. I'm pretty much taking the opposite
side of that. So I just think Q1 was pretty bad overall. All the indices were down. Sure,
there were a lot of people that had to pull in their risk budgets as a result. And I think on Wednesday, the market, as everyone says,
the market hates uncertainty. And on Wednesday, we should have more certainty than we have today
on what those policies should look like. So I think for anyone listening, it's just super important to know your time frame.
If you are like a day trader or super short term, then yeah, this market's in a downtrend.
You can't touch anything. Stocks don't look good. If you're more like bigger picture,
this is completely normal. And I don't really see any reason to uh to be super freaked out um so
that's that's kind of what i'm seeing i i think there will be some good things that happen
on wednesday when people finally get a little bit more clarity
yeah that would be the breath of fresh air i think all of us want even if it means the market does
continue downward in the trajectory i personally i'm just excited to finally have some type of direction or clarity
in the market, no matter what it may bring. At least you can plan for that a little bit better.
Go ahead, Ben. Yeah, thank you for bringing that up, Andrew, about the timeframes. The comments
I just given is more about the short-term trading timeframe.
And that's something I always emphasize in the other panel we had earlier today in our Discord.
From a long-term perspective, 100% agree with you. It sounds like you're taking more long-term
perspective there with what you're talking about. So I'm not making any changes to my long-term
account and all of this will pass. This too shall pass. You know, there's plenty of buying opportunities. You buy the dips in
solid companies. So I tend to agree with you there. But on the short term, that's where my
hesitation comes in, particularly over the next few weeks. I don't know. I think the auto tariff
Thursday really changed the game for me in terms of uncertainty and curveballs that Trump
is still throwing out there.
And also in terms of guidance coming for this earnings season, I think a lot of companies
won't be able to give guidance or poor guidance.
And that's where I'm getting worried about SPY.
I did have a range of 505
to 535. Now we reached 548, kind of twice I guess. We doubled down south 548. So I had
been looking at a range of 505 to 535 as kind of the low that can happen in this earnings
season due to all the uncertainty and maybe lack of clear guidance.
But given those auto tariffs, I kind of lowered it to possible 488.
But you made that really good point about timeframes.
This is about my short-term trading account, which is where I spend most of my time.
A long-term account doesn't require that much time or care.
Once a week, every few days, I'll check in long term, make minor allocation changes,
things like that.
So I'm not panicking there at all, but the short term is really challenged.
And if you're a short term trader, I really don't know how you predict what the hell is
going to happen this week with the price action or with Trump.
So it's a pretty challenging environment.
Appreciate that additional commentary.
Great back and forth from both of you.
Nick Drendel, what are your thoughts around this market right now?
Yeah, I think the word of the market is uncertainty.
And until we get that certainty and until we get some really like quality
bases around growth stocks,
I think it's just going to be a whipsaw environment.
And that, especially when you're on social media,
that makes you look extremely good if you choose one thing,
and then you're going to have that volatility to back you up or extremely
bad if you think one thing and then volatility goes against you.
So I think that the main thing for me to do is to be flexible
and shorten my timeframe in this type of market.
Because I mean, going into the weekend,
going through like my full list of stocks,
I was pretty bearish.
Everything looked like an H pattern where we had a bounce and everything
started to roll over. A lot of the mega cap stocks, Google made new lows before the indexes.
Even Meta, which started off the year so strong, ran into the 200-day moving average
on Friday before today's gap down. Coming into the week, I was thinking that we would continue to kind of
sell off. But when you get a big gap down on Monday, it really gives you some levels to play
against on the long side. And a lot of the time when I feel like, hey, this feels like the market's
about to crash, it's actually a time to put on some exposure, set your stops at the low of the day
and then see what happens.
Because if I'm feeling that way,
chances are a lot of people are feeling that way.
And the more people that are capitulating
on a Monday morning gap down,
the more people will have to buy back,
especially if we go into Wednesday
and we get some clarity on all the tariffs
and on the rest of the market,
it does kind of create asymmetrical risk reward on the long side,
but for how long that bounce will,
will hold for that's where I'm regardless of what happens,
what I'm uncertain of.
And I'm not trying to hit any home runs in this market. This is very much
like a day traders or short-term swing traders market. I put on some long exposure today. I
closed out some shorts, not all of them. But I just think everyone got so bearish into today's
gap down, rightfully so, like price action was poor. but that's how you get some of these snapback rallies in the market correction.
Now, longer term, I don't see any quality bases out of growth stocks.
I see a lot of damage out of previous market leaders.
We don't have new leadership forming up in any groups outside of oil and gas, gold and insurance, some biotechs.
Those are the types of groups that you see leading the market when we're in a bear market
or a steep correction.
So for me, until we get those really quality bases out of growth stocks, and maybe we'll
get some this next earning cycle, some new leadership.
But until we see that, it's going to be a very quick market to trade
that you shouldn't trust upside or downside. But you're just trying to survive until we get those
clean, clean bases and then a nice new uptrend to trade.
What is that last thing you said there, uptrend?
What is that a thing?
Yeah, it'll show up on all of your stocks if you just put a minus sign first.
So if you do minus and then QQQ, it'll put that chart in a nice uptrend for you to study.
Yeah, I was using the alt- I on my trading view earlier today.
Yeah, that's a similar thing.
No, I will be joking.
That is a good tool to use.
Like if you're learning how to short for the first time, again, you don't want to shorten
the whole when everything's extended, but putting a negative in front of your chart ticker,
it helps you kind of visualize what's a good short setup because it inverses
the chart and it trains your eyes for that.
Yeah, that's a trick I've used to tell.
Well, I've personally used it and I've told lots of others about that.
If you have trouble maybe shorting or flip that chart inversely on a day-to-day basis,
sometimes it does help a little bit there.
Appreciate the thoughts there from Nick Drendel.
Mr. Chris Patel, what's on your mind today?
Well, I'm looking at this from a different angle.
Well, a couple of things.
First and foremost, when we came into this year,
we were coming in with some high valuations, right?
So this correction, it still hasn't got
us to the point where we're at a value level, but it's got us closer to a more fair balance thing,
especially if you look at things on a forward basis, we really came in with a lot of high
expectations. So some of the retreat that we're seeing today, I'm sure it's from the uncertainty
from what the Trump tariffs are going to be like and everything else.
But some of it is also just people realizing that, hey, you know what, I need to take some chips off the table while the market is hot.
And so I think some of that can be there as well.
So all of the stuff combined kind of compounded into what we're seeing today.
One of the other things is, you know, the benefit of living in a democracy
is that the people get a vote. And if things don't work, you know, as I think our Carville said,
it's the economy, stupid. So what you're seeing is some of the elections come along, special
elections, and you're starting to see this revolt against the Republicans. And the Republicans have
a very, very slim majority in the House. So the Trump administration, in my opinion, is trying to get as much done right now
while they have the control of both houses. And they're trying to get this pain out of the way
so that this way they can stimulate very hard, probably going into the end of this year and
throughout 2026, so that this way it can be a key election point going into the midterms next year.
At the current rate that the administration is going, they're going to lose both the House and
the Senate. And at that point, President Trump is going to become a lame duck. I mean, they
understand that. We understand that. So from an investing standpoint, I would say that these
tariffs and everything else, once the rhetoric dies down and eventually will die down, I think
it's going to create a lot of opportunities to buy great companies at really good values. and we can all be, you know, be past this. All of this tariff talk, in my opinion,
is basically just a lot of the stuff that the administration wants to kind of steal
while the Biden administration just left. He can pin a lot of stuff on them, but eventually this
is not going to be the Biden economy anymore. It's going to be the Trump economy. They know it
and they're going to eventually pivot. So I think for me, I'm looking at this
market and just saying, okay, where are the opportunities out there that I want to buy into?
And at what point are we going to see that pivot? Is it going to be April 2nd? Like some people are
saying, and a lot of people in the market saying, well, after April 2nd, the uncertainty level is
going to go down, or is it going to be somewhere closer to the summer? I have no clue, but I can say that as we go further into
this year, the pivot is probably going to happen. So in my estimation, if I had to make an estimation,
I'd say the summertime would probably be the best time so that this way they have enough breathing room where the economy doesn't get to the point where people are going to be blaming Trump for everything.
Right now, there's still enough opinion out there from people saying, no, I think what the Trump administration is doing is the right thing, X, Y, and Z.
but if you're starting to lose your job and you know you're starting to the economy go down and
it's personally impacting you you know you're you're you're you're not going to be leaning that
in that direction um next year so i think a lot of these special elections as they come along we're
going to see this moderation by the trump administration um one of the things that i i
told some other people i said just the fact that he pulled Elise Stefanik's nomination from the UN because they were afraid that the seat could be flipped was something to keep in mind.
Because that means that now they're basically acknowledging that their current policies are not very popular among the people.
And so, like I said, they're going to try to do everything.
They're going to try to do it quick, but once it's out of the way,
then we could see some, uh, see some stimulus along the way.
So as much as we want to say the Trump administration right now is willing to
contract things when things are bad enough,
I'm a hundred percent sure that the Trump administration is going to do everything in their power to stimulate the shit out of this economy, especially if they want to retain the House and Senate and not get impeached and have that whole two years of impeachment in 27 and 28.
great thoughts there chris it will be very interesting as all that plays out trader nate
great to have you joining the stage here sorry i dropped my headphone there for a second
trader nate i would love to get some of your market sentiment thoughts and
it's funny because you came in a little bit later than everyone else. And I'm wondering if you're not going to say probably a very similar
thing to what we've heard so far. Yeah, I did get a late start to this. So I'll test the waters here
and say, I did not hear what anybody else said, but did anybody say that today was a good day?
It was nice to see the undercuts of the previous lows and maybe we'll get
a nice bounce here but basically not to get too excited just yet because that's basically my
sentiment how's that sound so far trucks out pretty pretty solid to be 100 on as you see a
couple hearts there from our other panelists yeah yeah so okay great so basically yeah i mean we're
i'm looking for a nice bounce here.
Nothing to, again, nothing to get overly, you know, overzealous about, overly excited.
But it was nice to see us undercut the prior lows from March and then get the big, you know, a bunch of buyers stepping in.
From just looking at SPY overall, or, you know, you could look at SPX or the index, but looking at SPY, really still, to me, the key level here to get above is that 570.
We get quick reversal, and we did push up 575, but quick reversal there.
It's been a support previously, and I want to see, you know, this bounce here continue.
If we get a continuation, see how the shares act around that 570 level.
But overall, just kind of looking at the different sectors of the market, looking at small caps, looking at defensive names.
Financials have really been leading the way, and there's nothing really going on in that sector now.
So still looking for leadership
and what's gonna really drive us to new highs.
And the names that I've been talking about last year or so,
you know, really focused on semiconductors,
it's that chart for SMH does not look good.
There's not a lot of love in that area.
So while you might get a bounce
in the sector for semiconductors here coming up, I'll be looking at prior support levels acting
as resistance and taking profits quickly for the short-term trading. But then from a longer-term
perspective, you might be excited to add to levels here. I would say hold a little bit of that as well. I've definitely
been nibbling and adding to the areas that I see some strength despite the latest churn in the
market, but also holding some dry powder to the side because I think we'll continue to see some
opportunities as names turn over and get some rotation. And really, I like, if you're looking for current strength
right now, like the setup and energy, it continues to work. These names are working higher.
And XLE in particular, the magic number is 94. I talked about it a little bit last week.
We did test it and pulled back, which is not too big of a surprise. But now we're marching right back toward that 94 level.
So if we see names like ExxonMobil, XOM, Chevron, everybody's favorite, Oxy, we like
to talk about Oxy.
All of these names looking to break to new levels, continue their move higher.
They've already broken out.
And if we see this continuation higher, I think there's a lot of room to run and target 100 for XLE. So another six points from here easily. I'll leave
it at that. It's funny. I mentioned energy here. It's a tricky spot. I don't think it's necessarily
where I would go for the weekly trade, but it is definitely where I've been starting to pay a lot
more attention to some nice setups here.
And again, the breakout seems to be occurring.
So but yeah, again, looking at the bounce here for some short term trading.
And I think we might get some big moves.
But take those profits when you get them.
Don't be greedy and pay attention to those resistance levels.
I'll hand it back now.
Thanks.
Well, Nate, you copy and pasted without even knowing uh the general
thoughts i think of pretty much everyone in it that seems to be the common theme around most of
the conversations that we have right now is uh it was good to see some green today but what's next
right and i think we've said that multiple times over the last few weeks and hopefully we get that clearer picture painted here very soon we got a lot of stuff coming down
the pipe of course jordan my co-host on the stock picks show great to have you as always
what uh what thoughts do you have to close this out here yo what's up crew um don't want to like
reiterate kind of what everybody else is saying but but, I mean, last week was phenomenal.
We got some beautiful moves in the market,
kind of extended downside to hit some bigger, higher time frame targets.
But now, I mean, we really hit those when futures opened yesterday.
But now, I don't know.
It seems like markets just taking a pause.
Today wasn't super crazy.
We definitely got upside.
I played some longs,
but it doesn't really look
like it has this this real juice on it if you know what i mean um even with you know window dressing
as we can call it end of the month or whatever but um so nice moves today but in the downside
market you're gonna see these these moves to the upside at the beginning of the week and a lot of
time we end up way lower by the end of the week so um i would like to see a bigger bounce from the market this week to be honest
get some more tracing going um but you know nothing nothing can't say that the market wants
to go lower so again i'm just playing day to day really not thinking too much about it but
last week was phenomenal to the downside and i just think it was clear. And now I don't have a lot of clarity.
I need to see more.
So I kind of feel like that's a boat that a lot of people are in.
We got a bunch of red folder data this week.
Obviously, tariff news and just stuff like that's going to impact the market.
So I think everybody's kind of waiting for all of that.
But not a bad start to the week this week.
Just I can't be convinced that this
is any sort of bottom quite yet but um but yeah we'll see how it goes
awesome appreciate you rounding us out there uh we won't spend a whole lot of time on last
week's picks uh they went pretty rough uh across the board obviously uh tech was down four and a half percent and the s&p uh and this is at the end of
the day today the s&p down 2.7 percent over the last week um boy there was one bright spot in here
and that's uh who uh we're gonna go to first here ben tmf yeah the fist is up the heart is up uh
tmf that is leveraged bonds, if I'm remembering correctly.
TLT leveraged, isn't it?
Yeah, it's three times TLT.
Amazing looking at that score sheet there.
It's the only green on the entire board.
So look, I've had a bullish thesis on TLT for some time now.
And basically, I've been buying it before every major economic data point.
And today I even added a bunch of common shares to my retirement account.
Look, the reason I called it last week, I wanted to get in before PCE for this competition.
I'm very big on Doge and the impact of Doge and the deflationary impact of
Doge something that people have not been talking about and every once in a
while I see some some analysts on CNBC or like one out of every like 100,000
tweets I see someone on X like mentioning what I'm talking about here.
But no one talks about it.
Sometimes I doubt myself, and I go back to ChattyPT and Grok, and I keep having it to
do the analysis again.
What happens if a trillion dollars of government spending is cut from the economy?
And then if you want to discount that, okay, what happens if 500 billion is cut?
What happens if 250 billion is cut?
I keep going back and forth to make sure I'm not crazy. And it keeps coming and telling me that the deflationary impact of
Doge far exceeds the inflationary impact of tariffs, which means all this talk about,
you know, the Fed's going to be put in a box and they won't be able to raise interest,
they won't be able to lower interest rates, might be off and that that's been my whole thesis
for for TLT I've been basically buying all the dips and today I not only bought the dip but I
bought the pop I added some call options out to December a hundred dollar strike I just think the
Fed look I just how can he bet against Elon Musk, you know? And to be honest, Donald Trump too.
Like, how do you bet against these two guys?
If they say they're going to cut all this money out of the economy, out of the government sector,
and hopefully those guys get jobs in the private sector eventually,
I think they're going to largely succeed.
And the math says that's going to be deflationary,
and it's going to largely offset the inflationary impacts of these tariffs.
Now, the curveball to that is, you know, tariff news seems to be getting worse.
The auto tariffs that came in last week kind of had me doubt my thesis a little bit.
So there's a concern there. But I will say today the chatter was really increasing. I saw it multiple places.
The chatter was really increasing about, you know, that we're going to somehow or other
see lower interest rates.
Not so much directly linking it to Doge, but just the pressure on the economy and if there's
recession and worries about recession, that at some point the Fed is going to have to
pivot.
I've heard a lot of pundits and analysts talking about that.
So I'm going to go back to the well here again.
This is going to be the third week in a row, actually.
I'm choosing TMF.
So I'm going to do it again.
Three times over TLT.
There's a bunch of economic data points coming out this week.
I really felt something changed today in both the price action of TLT and the chatter.
It was interesting. In the afternoon, TLT was going up with SPY, which has been rare to see.
That could be because of increased expectations of a Fed pivot, you know, lower interest rates, good for stocks.
Maybe that was what was going on there this afternoon.
It kind of matches the chatter that I was seeing online and on TV today. So back to the well again on TMF.
And to be honest with you, I don't have a second pick right now.
Why don't you go around the rest of the panel.
I might not come up with a second pick.
I might just go TLT for my second pick. We'll see.
It has been hard to come up with some picks,
especially when I was thinking about prepping for the show,
and I was just going, what in the world do we pick?
It will be interesting.
I'm excited to see what others are picking.
But so far, that is TMF from Ben at Story Trading,
and we'll see if he doubled down on that with TLT.
We'll come back around to you.
Andrew, what picks do you have?
What's on your mind?
Yeah, what's going on, everyone? I'm in the same boat as Ben, where I only came up with one pick for this week.
Yeah, so my pick is going to be Uber.
And I believe I've picked this one maybe for like, you know, the past month I've been picking this one.
But yeah, it is holding up really well, showing some very nice relative strength compared to the rest of the market.
It's in the S&P 500.
And I think the S&P 500 finished the quarter somewhere around like down 5%, give or take. Uber is up, you know,
somewhere around 15 to 20% for the quarter. It's got the good sales growth and the good EPS growth.
And what's really cool, if you look at the monthly chart of Uber, you know, just really
scrolling out, you can see it's just so close to a 52 week high so this is kind of my bet like for the next
you know let's call it three three months or so that if the s&p 500 and the nasdaq can catch a
bid like let's say we get a little bit more clarity on tariffs the world doesn't end on wednesday
you know then the next cpi reports you you know, they come out okay, that sort of stuff.
And people start returning to the market. As I do my scanning every night, Uber just always pops up.
So yeah, it's currently the biggest position I have in my trading account. And yeah, this one,
you know, it's not going to work if the whole market just keeps, you know, keeps cascading to
the downside. But I do believe if
the market can catch a bid here, yeah, Uber's a really good candidate to keep an eye on.
And then even with the today, they actually signed, they inked a contract with OpenTable.
So that's, that's kind of what Uber's been doing now. Like they're doing contracts with all of
these different companies. And then even with, you know, autonomous driving,
I think that's really their playbook.
Like let's do contracts with these other providers.
They can provide the fleet.
We can provide the app and the technology.
And I just see Uber, like they've got a lot of good stuff going on
with their business right now.
And then in the future, as we move into autonomous driving,
like I could just see
that continuing so yeah my pick for this week is uber and yeah like ben i couldn't really find
anything else so yeah i'm just gonna roll with uber for this week is it gonna be a theme ben did
you start a trend here are we just i'm gonna put all of you down for double picks with the same name.
Hey, you know what?
Let's go for it.
If Andrew's going Uber, how are we going to do that in this spreadsheet?
Put Uber in twice?
I'll just put everything in.
If you have one pick, I'm going to put it in twice.
If you come up with two picks.
We'll make that exception this week.
Put in TMF twice and Uber in twice.
Let's do it. All right. We'll do that. You don put it put in cmf twice and uber in twice let's do it
all right we'll do that you don't have to do that of course you can still make two picks but if you
only have one name that you uh maybe have some conviction in we'll uh we'll let people double
up this week we'll roll with it that way uh nick drendel you're up to bat next yeah so
probably not sexy picks probably not going to get me the win, especially if we do get a snapback.
But I do want to go back to the weekly basis on the energy stocks.
The first pick I'll do is EQT.
And I posted about this over the weekend.
But if you look at a monthly chart of EQT, it has a massive, massive base since basically like the 2020 COVID crash.
And then if you go to like a weekly chart, you can see a nice weekly base.
If you go to a daily chart, nice daily base, you have the 50-day moving average that got
touched on Thursday with a quick sell-off.
But then strong action on Friday, strong action today, we actually have
like a little gap zone right between 5170 and 5225, where I've been like accumulating shares.
And I just want to go where longer term money is going to be at for these competitions.
money is going to be at for these competitions. Just because it's going to be a little bit safer
and there's more upside if it does get going to the upside. It hasn't gone sideways for such a
long time. There's going to be a lot of power built up. The other stock I'm going to pick is
CRK to the long side. This really nice kind of like on a weekly chart, it's a cup and handle.
On a daily chart, you call this a quick double bottom base from the beginning of the year.
Now back above all the key moving averages.
Had a test of the 20-day moving average on Thursday with that sell-off,
same sell-off as EQT had, and now really shaping up well. One thing that I go back to 2020,
what was it, 2022 when we had that bear market, I didn't give oil and gas stocks the respect they
deserved because they were coming out of really clean bases and they ran much longer than I'd expected. So this time around, I'm trying to stick to my notes that I took back during that market
and just want to give these stocks the opportunity they deserve, given the basis that they have.
Right, Nick Drendel, q t on the long side and crk that's comstock resources to the long
side as well well nick thank you first off for picking two names instead of my first two pickers
up here that just had no conviction whatsoever and i I'm just messing around. But thank you, Nick, for those two picks.
And Chris, you're up next.
All right.
So I'm going to stick with my stock
from literally the last three weeks.
Venture Global.
I think Natural Gas is going to do well.
These guys, they know what they're doing.
They've been buying shares.
So that's one.
And the other one,
and I know this is going to sound controversial, but I think we get a face ripper rally. Let's do TQQQ. I think with these tariffs that come out, hopefully they are not as crazy as people originally thought. And that basically gets the market to be like, holy shit, we need to get in this and buy the dip. And I think if that happens, then the TQQ is going to rip. So let's do TQQQ.
Did you say TQQ on that second pick?
TQQQ. So that's like the leverage.
I guess I should say, yeah, the triple leverage. I didn't say enough Qs there. That's on me. So VG Venture Global long and then triple leverage QQQ, TQQQ on the long side from Chris.
All right.
I appreciate that, Chris.
Y'all are making me play leverage plays just to beat you.
You know, I wouldn't do it.
But if I'm going to win one of these, I have to go the leverage route.
So you got to go the leverage route.
You got to know the playing field you're in, right, Chris? That's what they forced us to do. And I know that's always a topic of discussion around some of our panelists here. But hey,
I love it. Chris stepping up to bat with the triple leverage QQQ to the long side and a trader Nate, let's go over your direction next and see.
I saw you responding to the,
to the space here with a couple ideas.
Interesting to see what you're going to go with.
Yeah. I mean, definitely a tough spot to be taking trades,
but that's where the most money is made. Right.
And if we do get that face ripper bounce rally this week,
so there's a number of names that have just retested anchored VWAP from either their lows or from
earnings gaps up. And that's what I've been posting, just trying to show some of these
opportunities out there. So if you haven't seen those replies, a couple of them I've been looking
at actually trying to make up my mind. So I've got a little bit of the opposite problem here, is which looks like it's ready to bounce the hardest
off of this potential Anchor VWAP support. And I think the first one I'm going with today is
going to be Palantir. So you got the Anchor VWAP support from November of 24. It'd been retested
in January and again recently here in the earlier part of March
when we got the lows in March.
And I think we're going to see another bounce
right off of this 80 level and power high
aiming to get back towards 100.
Don't know how quickly that'll happen.
We'll see.
I am a little bit optimistic that tomorrow's news
or the tariff news in general will be not as terrifying.
There's a pun in there.
It's not as terrifying.
I didn't mean to do that.
Anyways, not as terrifying as everybody's thinking.
And we could get a little bit of a relief rally here.
So first pick there is Palantir, PLTR, bouncing off that anchor view up.
there's Palantir, PLTR, bouncing off that AnchorView up. And the second one,
I'm going to go with CPNG, Coupang. So this toss-up, I was looking at HUD as well, but
the Bitcoin, I'm not sure where Bitcoin's going. I'm not sure how much of an impact it'll have on
HUD. So I'm going to switch over to Coupang, CPNG. It's been one that's worked really well
for me before.
Had a big sell-off to end last week along with a number of other names.
Every time it's kissed this Anchor VWAP line, it has bounced rather quickly and in short order.
So looking for that one again.
So long CPNG.
Coupang CPNG and Palantir PLTRtr both on the long side from trader nate looking for some bounce plays there i like that thought process jordan what picks are you going to give us this week
nobody take tslt there is no tesla bulls to be found right now i'm just kidding no but nobody
has taken tslt is that
your first pick yeah i'll grab it instead of uh triple leverage cues why not and then
let's just go btcl again i'll run that both long all right so leverage tesla leveraged bitcoin on
the long side from ace the kid i want to see retracement. I don't know if it's over.
I have no conviction for it all being over, but I'd like to see a retracement before going
lower.
So we'll see.
I think as a group here, I don't know how much conviction I heard in anyone's voice
tonight on any of these picks, which is understandable, right?
I think we all are kind of on the same page here that
this thing could go a bunch of different directions um over the next short period of time so between now and when we speak next on this very space uh things could look a lot different this is
probably in my opinion since i've been around this show just from both spectating and participating
in it and hosting it this is probably one of the most interesting
spots i've seen to try to to try to take some pics here um i've got a tweet pretty much typed
out um i didn't get any outside pics gav and evan uh are with uh our friend stock talk they were
watching spacex take off a while ago so if you haven't heard them all day on spaces they've been
tied up with all kinds of stuff like that so So doing some really neat things, but they couldn't make it. So I don't have any
picks out of them either. And a couple of our other panelists couldn't make it this evening,
but I'll round out with some picks here. I'm going to, I'm going a little bit different. So
Trader Nate was looking for a little bit of a bounce play.
I heard that around.
I'm going to be a little bit more defensive on my first pick.
I'm going to take the greatest retailer in the world.
Jordan knows what this stock is going to be because it's the greatest company that's ever been created.
It's Walmart, WMT.
Walmart had an incredible day today.
I do think it probably slows down and gets stuck
here maybe a little bit, but Walmart up 3% today, which is a crazy move, traversed the entire range,
got back to the 20-day, closed right there. There is a risk that it just rejects right here,
but I do think strength in a down market and then kind of leading us up today,
think strength in a down market and then kind of leading us up today, I think it's a safer type of
play. It's been absolutely beaten up since the highs. So I'm looking for it to bounce back
towards like the $90 range, maybe go fill a gap up there into the $91.92. So that's going to be my
first pick. I'm going to go with Walmart, just old faithful. And to me, that's kind of a safer play on my end. And then
I can't stop looking at this Bitcoin chart and seeing multiple bearish looking setups and
continuation. So I'm going to go opposite of Jordan and I'm going to take BTCZ, which is the
leveraged Bitcoin short from Rexhares. So me and Jordan are going head to head
playing chicken in the duel right here on Bitcoin for our picks this week. I look at the daily
Bitcoin chart and if anybody has ever looked at Wyckoff theory, Wyckoff accumulation and
distribution, that top that Bitcoin made looks like every
Wyckoff pattern I've ever seen and ever studied and I see that has mostly played out and then I
see this bear flag I see the the big the big weekly candle down that had three inside bars
inside of it that turned red and I'm looking for Bitcoin in the bigger picture, maybe not this week, but I'm looking for it to come back down, test that low again in the 78K region.
And then I really want it to complete the move down to about 72K.
That would be a golden retrace.
It would be a back test of that consolidation that it broke out from.
That is kind of my, I've been saying this.
Unfortunately, I get invited to some crypto spaces.
I say, unfortunately, only because I enjoy the spaces.
But I am unfortunately a little bit bearish on this Bitcoin chart and have been for a little bit.
So it's always fun to go stir up some talk over there.
But either way, those are my two picks for the week.
Let me get this tweeted out so I can get it up in the nest here.
But I will do this in the meantime.
While I'm getting this tweet ready, before I click send, Ben, final chance,
TMF double, or do you have a second pick?
Oh, really?
Just leave that door open one time
no no no don't doubt yourself i have i have other picks for this week but i don't know what they'll
do till monday like i told you about the kodak pick on the small cap show uh that's for later
this week no i'm gonna look if andrew's doubling up i'm doubling up tmf squared let's do it all
right i just wanted to leave that door open you asked me to leave it open so i'm just just knocking on that door one last time to double check and andrew over to you
last uh oh andrew's not even here well so andrew has doubled up okay everyone's doubled up um let
me tweet this out real fast we'll get it pinned up top boom boom boom double checking I think we got everything good here and boom all right let me
pin that up top into the nest and there are other things pinned up in the nest as well I know some
of our pickers as they do go through their picks they like to post charts so definitely check those
out up there in the nest and make sure while you're doing that, go ahead and give all these great speakers a follow. We appreciate all of them joining up here.
And that tweet is now pinned. Of course, if I made a Monday mistake, mistyped something,
please let me know. And I will get that corrected ASAP. But there is our picks for the week. And
we'll see. Hopefully we have a little bit better week this week than last week i will say um ben have you checked the year long one i was gonna i'm getting some errors
i'm still up uh i'm still at the top of the leaderboard there but it's really pulled back
man i was at like 85 or something and now it's 46%. In like two weeks, got cut in half. And that's not very dissimilar to what's happened with my performance the last couple weeks.
I'm still up nicely for the year, but man, I had a big drawdown last couple weeks.
So Root is still up 84% year-to-date.
ASCS is still up 8% year-to-date for an average of 46%.
It looks like some of these are – are they loading for you right now?
No, and that's why I was jumping over to you there
because I got a bunch of NAs and an error here.
I was going to check on this.
I was just curious where we're at.
We're at the end of Q1 today.
So end of the quarter,
wanted to take a look at our year to date picks,
which I can see,
go figure that Ben's works and nobody else's works.
That's interesting how that timed out there. No, I'm just messing with them. date picks which i can see go go figure that ben's works and nobody else's works that's that's
interesting how that timed out there now i'm just messing with them um but yeah i'll get that um
screenshot it it comes up like every few minutes sometimes you know i'll come back soon uh i'll
grab a yeah we'll check it we'll check it in the group amongst us. But yeah, so just to note this, year to date, I know for a fact,
we have three of our pickers that are all green year to date,
while QQQ is down 8% year to date, SPY down 4.5% year to date.
And I know the three that I can see up here for sure are green.
And I want to say that maybe one more of our pickers, I think Nick Drindle is also green
on the year. We'll double check all of that, but that's it. That's the end of the show. That's
where we're at today. Appreciate once again, this entire panel, Chris, Nick, Andrew was up here,
Ben from Story Trading, Trader Nate, Jordan for co-hosting as always.
Appreciate the whole crew on the Stock Picks for the week.
And we'll see.
We'll see how this goes.
I think next week, a lot of things are going to happen.
So obviously, we're going to have some more tariff information, I guess will be the term.
term. We'll have responses around the globe, I guess, to those tariffs. We'll have the non-farm
We'll have responses around the globe, I guess, to those tariffs.
payrolls job report and PAL all speaking before we do this space again. So it'll be very interesting,
but take a look at those picks up top. Maybe drop a comment. Let us know. What is your favorite one?
Who do you think wins? Is it Ben doubling up on TMF? Is it Andrew with the double Uber? Maybe it's one of these other great picks.
EQT, CRK, VG, Triple Leverage.
We got Chris doing Triple Leverage.
Maybe that's going to be what happens.
Maybe Chris coming over to the dark side for Triple Leverage is the winner.
I don't know.
We will see.
Thanks all for joining.
Thanks all for tuning in.
We hope you have a great rest of your Monday evening.
And I'm not going to... If Evan was here, he would say, we'll see you guys next month. I'm not going to
be that guy. So we'll just leave it at that and do a half joke on that one. Thanks all for joining.
Hope you have a great rest of your Monday evening. And we'll see you back on all of our live shows
right here on Wolf Financial starting tomorrow, bright and early with the future show. Take care, everyone. Thank you.
