Artwork

תוכן מסופק על ידי Benzinga. כל תוכן הפודקאסטים כולל פרקים, גרפיקה ותיאורי פודקאסטים מועלים ומסופקים ישירות על ידי Benzinga או שותף פלטפורמת הפודקאסט שלו. אם אתה מאמין שמישהו משתמש ביצירה שלך המוגנת בזכויות יוצרים ללא רשותך, אתה יכול לעקוב אחר התהליך המתואר כאן https://he.player.fm/legal.
Player FM - אפליקציית פודקאסט
התחל במצב לא מקוון עם האפליקציה Player FM !

Facebook Pushes Back

1:01:52
 
שתפו
 

Manage episode 305522396 series 1078911
תוכן מסופק על ידי Benzinga. כל תוכן הפודקאסטים כולל פרקים, גרפיקה ותיאורי פודקאסטים מועלים ומסופקים ישירות על ידי Benzinga או שותף פלטפורמת הפודקאסט שלו. אם אתה מאמין שמישהו משתמש ביצירה שלך המוגנת בזכויות יוצרים ללא רשותך, אתה יכול לעקוב אחר התהליך המתואר כאן https://he.player.fm/legal.

Episode Summary:

  • Market Recap
  • Facebook earnings reaction FB
  • Tesla reaches $1 trillion TSLA
  • UPS earnings reaction

2 week free trial no credit card required - https://pro.benzinga.com/

Email onboarding@benzinga.com

Guests:

Tim Quast, Market Structure Edge

Meet The Hosts:

Dennis Dick

Twitter:https://twitter.com/TripleDTrader

Spencer Israel

Twitter: https://twitter.com/sjisrael

Joel Elconin

Twitter: https://twitter.com/Spus

https://www.premarketprep.com/

Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Subscribe to all Benzinga Podcasts at https://www.benzinga.com/podcasts

Unedited Transcript

Good morning, everybody. Happy Tuesday. Welcome to pre-market prep. Spencer, Joel, Dennis, here with you as always, we're talking Facebook, obviously earnings kind of a day. We'll talk Facebook, we'll talk ups. We'll talk a lodge attack.

Uh, we may talk a little bit of Tesla depending. I mean, we talk about Tesla all the time, right? So. Well, how can we not, you know what I mean? It pouring down and Martin, gab is kind of a big deal. So if you want, we can get to some of the staples, right? 3m G if you guys feel like it, if not, we can talk about other stuff, but, uh, Kenny Glick will be back today, which want to do a quick follow up with Kenny from last week.

He was on the show on a Thursday, talking all about his trades and D whack and fun. Uh, just wanted to follow up for a minute here with Kenny. So Kenny will be on the show in about 13 minutes or so for a quick segment. And, um, we'll take questions from our chat as always, as we do at the end of every show at ticker time, as a reminder that like button forest, please.

And thank you. And oh, by the way, our next event is tomorrow is tomorrow and Thursday. The second to last spending a small cap conference of the year. You can see the, the graphic there at the bottom of the screen bottom, right? Uh, BZ, small.com all day after pre-market prep all day tomorrow. Thursday, et cetera for that.

Uh, Joel. Good morning. Are you see your charts? How are we doing? How was your night? How was your morning? We're doing good. We're doing good. I, but up someone reminded me. I did not give the dad jokes of the day yesterday, slacking on that front. Uh, Monday's a good one. Dads love complaining that they are the only ones who ever turned the lights off in the house.

I do that. Yup. Yup. And then dad's love saying she's a Butte when they see a car, they like, I also do that. Okay. Well you're not a dad yet. You know, um, we are integrating by 17 handles. We just caught a bid after hours. Haven't even seen that close in 45, 58 pre-market high 48, 75. If I told you there was resistance in this market, I'd be lying to you.

And I don't want to do that to you guys, crudes down or excuse me, up 26 cents. Big sell off yesterday, but on the rebound goal, still over 1800 down to 30 at 18 0 4 30 silver in the red by 14, 15 cents at twenty four forty four Bitcoin. Let's just call that flat at 62,900 and Ethereum, that's just up a couple of bucks, 42, 32 75.

Uh, so we got to bring in triple D here and it's our mission. To put a smile on that face today. Some days you come in and your overnight trades, you're on the right side of every single trade and everything is going well, and you can do no wrong today. For me. It's not one of those days. I will tell you that much I've come in and I'm like, I'm right on that.

I'm right on that. I'm right on that. I'm like, this is going to be a battle today. When you start in the hole by, you know what, there's a lot of day left. We'll try to take a positive spin on it, even though my P and L is bleeding out. So we'll try and take a positive spin. We'll find some good trades, maybe turn around my buddy, Mike in Nashville.

He's telling me that I'm going to be green by the end of the day. That very well may be the case, but we got a lot of work to do. Today's going to be a good day for your taxes. How about that? Yeah. You know what? I'm paying enough taxes anyways. Maybe I just got to take the rest of the. Maybe that's what we should do today is going to be a good day for some tax loss, harvesting creator.

Yeah, I think so. I already harvested a couple of them. One was a Polaris long in the earnings. Ouch. Yeah. Got stuck with that one wrong side. That's okay. It happens to everyone. People. It doesn't happen a hundred percent winners. I am not one of those people. There's Twitter loses on Twitter. Anybody ever posted a losing trade on Twitter?

No, I don't think so. Everybody wins all the time on Twitter. They don't talk about the losers though. We like talking about the losers we like to lean on or chat when we're having a bad day and say, you know what? I've been there, done that. And you've all, even if you don't post them on Twitter, so, you know, bad day trading it's okay.

Shrug it off. You'll have a good day. Maybe. Okay. All right, let's go. Let's go mean, let's go to the story of the day, obviously, right? Facebook here. Uh, we talked about this one yesterday into the report and the sentiment really couldn't have been quite worse on the headline for Facebook. This morning is very simple, not as bad as Snapchat five words.

That's the takeaway because the report was mostly positive. There were some things not to like about it, but not as bad as Snapchat. Um, the EPS was, was good. They beat, uh, there, this is interesting. Their revenue actually missed, uh, I knew it was the first time that their revenue, uh, came in, uh, uh, uh, down on sequential or year over year basis since, since like 2018, um, which they attributed to what else?

Or who else? Apple. Um, so, but, but you know, the, the daily active users in line, uh, the guidance in line, a buyback 50 billion. Um, so again, it was mostly good. And especially when you compare to Snapchat, it was very good. Um, they talked to up what else? Their metaverse they're going to spin out, uh, some reporting on their metaverse operations.

And they're going to start reporting that stuff separately and spin it out from the rest of the company. So we get a better idea of how much they're spending and investing on, on things like Oculus and all that sort of thing. Um, so talk, talk that up a lot. Um, but by and large, the report, wasn't bad kind of, uh, uh, take that statement from, from Facebook in light of all the negative headlines every day, kind of a, kind of a pushback here.

What are you going to with triple day on this. Well, the level of the level is the lows. And then we got down there again, they hit it right on the initial number. And where do they hit it to right. To those lows of the move, the whole three 17 to three 20 area. Yeah, we touched three 15, but there is huge.

Joel would say super-duper support down there. You have to respect that the algos don't respect it obviously. Cause they're the ones that slammed it on the headline, the news algo, and they immediately start losing money. Don't think to yourself that every algo out there is smart. There's a lot of dumb algos out there.

And that was a dumb one because they had a right down to support on. You got to understand expectations algos. You got to understand that snap and Spencer clearly stated when he was starting, the segment that they set the bar very, very low for facing. So come out like, oh no, Facebook best one of the power was lower.

So you'd got to consider that when you're writing those news algos that just hit when they see the revenue, miss throw those expectations in there, but they don't do it and they just hit it down and you know what? They get punished for it. So ever sound three 15. Congratulations. You just threw away 20 points.

Uh, I, we covered this on the show, uh, and then you add the clothes show and I do. I'm looking at this chart and there's some big players out there and I'm not one of them, triple D is not one of them, but they're just trading this range, man. And any time to St gets near three 20 or under three 20, they're just scooping it up.

And then whenever it gets near three 40, they're dumping it. And now you're stuck right in the middle. So I, I like to see the way it resolves itself out. Eventually it's going to get it. And eventually we're going to break three 20. We're going to stay under three 20 and we're going to test 300 or they're just going to struggle.

This offer going to hold three 40. They're going to get half back of this move. So I just think there's, you gotta respect ranges when their ranges, and this is a big volume stock. It's a big part of the S and P and until further notice, I'm just going to let it chop in this range and get a clean break one way.

I mean, it's big money. I'm talking. Big money is doing this. They're there. Scooped it up and they're selling it. Maybe even going short, like you do triple D like I know you can go long and oh, I'm sorry. Okay. Yeah. Anyways, that's my, that's my look. You're going to ban shorting again, just like they did back during the financial crisis.

Okay. That's it. So three 30, nothing muffin there. Just use those parameters. If you trade in Facebook, I'm curious how it's Twitter is reacting here to this. Well, it has had some headlines of its own too though, last night. So it actually didn't respond too much and then started lifting. Actually, maybe it wasn't a headline, you know what it was, it was a fast money, uh, pumped it there, big option buyers.

Yeah. You know, and then when they see those big option buyers, those fast money guys, you know, everybody follows that. So it started lifting and it actually rallied a block because they said we saw call buying in Twitter. Again, I put zero relevance into that, but you've got to respect it because it does move the price.

And when they talk about it on CNBC, a lot of people will say, oh, I got to buy some of that. And they actually actually did. So it is lifting Twitter. I don't know what to say about this either. If that, if, if, if, if Trump does actually yet his social media platform off the ground, like if an actually does, you know, and obviously a lot of people believe it's going to, with the market cap that they're giving it.

I got to think it's not good for you. So, I don't know. I don't want any part of Twitter at this point in time. I want more information on what Trump's plan is over. I'm so close to dumping this and I've been holding it for a long time. Well, it's not cheap. It's not cheap, but I just can't take another earnings, miss.

And this going back to 50 bucks. That's why almost, that's why I almost sold Intel. I had of the report. I didn't want to take another earnings myth and going back to 50 bucks, that's exactly what happened. I did not sell my long-term Intel should have sold. Take the money when he got the money, take the money.

When does, when does Twitter report? They report? I should know this. Uh it's uh that's oh, wait, today, today, your night tonight. Everybody reports tonight, we got okay. So I only hear the lineup tonight. We are calling Microsoft AMD. We got hood. Look, Robin, that's going to report with Texas instruments. We've got visa.

And then we got a lot of smaller company like Juniper capital one financial reports, wire report. They've got a few. There's a few. I think he missed. Did you miss Google? You say that don't no, I said it right off the hop. So the big three reporting night or Google, I'm going to go Google, Microsoft and D and we'll put Twitter number four, but a lot of people were watching that Robin hood earnings report too.

So that's pretty big one too. It's under 40. Now that level is of all levels, but let's see what happens. I mean, when you have, you know, an earnings report, we always say technicals, take a back seat expectations, fairly low for Robin hood. So that's a good thing. If you're long, if the expectations are low, it means there's a lower bar.

With that being said, I think a lot of Robin hood wants to know too, is what's happening with Gensler what's happening with payment forward or flow. What's going on there because you know, we can talk about high frequency trading. We can talk about, um, you know, off exchange trading. We can talk about Citadel and virtue, financial and off exchange market makers, you know, obviously benefiting from payment for order flow relations.

But nobody benefits more from PFO AF than these small retail brokerages, like ones that small, but saying Robin hood, this is the majority of their revenues. So that's what matters more than anything to them. Um, and we don't have clarity there yet. So that's why it's difficult. Like you could have one headline Ganzer is going to crack down and all of a sudden, boom, Robin, who's going to get ahead or one headline Gensler's maybe going to leave it as it is.

Or maybe we're just going to get more disclosures. I tend to think we're just going to get more disclosures, but you know, we don't know where he's going here. That matters very much to H O O D. Yeah, it did. It did. I mean, you got some add some daily support. I'm gonna still keep that line at 40, just because now you can kind of use it as a resistance.

Uh let's see what I mean, you only have a couple other lows down here and you have the IPO price, uh, at, uh, what was it? 37. That's where it opened up that, so I don't know kids were still right. So this quarter was what, um, what months did it represent? Yeah. So kids went back to school in September, so maybe they weren't trading as much.

So I don't know. Tough, tough call here. I'll just give you a, if you look in for support today, I don't think it's going to get the 37 16, uh, lean on yesterday. I don't know this check. Look how tight this is. Well, I can't get out of my mind. And this one is when did these guys, what was that big insider cell?

That was, that was right here for three days afterwards. I mean, Yeah, look, I mean, they say, get me out. And Ben, is there been any insider buys in a Robin hood down here? I'm sure somebody is buying for somebody. Don't talk about Robin hood that much. And you know, the kind of ebbs and flows. We talk about Cathy wood for a while we talked.

Yeah, we haven't talked to Robin hood too much. We talked about this 40 level though, and it has breached the 40 level, but there's an earnings report here tonight. So don't even worry about the technicals. Let's see what happens with the earnings report. I tend to think that the bar is pretty low and I wouldn't be surprised that they do get over that low bar, how the spot stock responds is another story.

But I think that they can get over the low bar. Okay. All right. What what's bring on here? You know, we went, how many months we went, um, We went five. Oh, I can't do math. We went three months without having Kenny Glick on the show. And now we're going to have Kenny on twice in one week. Wow. We're getting more than our fair share of Kenny and I.

The reason that I asked him back today was just to follow up on the craziness from last Thursday when he was on the show, we were talking about D whack and fun. And, and so Kenny, uh, first off, good morning, welcome to the show. Um, tell me how the last few days have been for you on that front. Cause it's it got quiet or.

I don't think it's, I don't think so. We had another one yesterday. It was BKK T we get a it's it's three different D different symbols every single day. Now there's usually as a therapeutics or a pharmaceuticals involved, and then we have got, now the SPACs are back. So it's been crazy, but guess what? I mean, my one of my best trades, just that it was Kimberly Clark, you know, I always go back to the place.

I'd go back to the bread and butter to fund the craziness what'd you do on can be, can be, was just the buyer and the dip. You know, I called the, I called the turn and got, got some 1 26, 50. The told me he was going to go to 1 30, 15, boom, went right to the price. And again, that's what I teach people. You want to have fun with these lunatic stocks, have the bread and butter to fund those crazy ideas because, you know, I'm telling this, I'm sounding people again, if that, if they pull the D whack deal, that stock's getting Holden and opening up at 10 bucks.

So I wouldn't hold it overnight. And the options are too crazy to play on the two jacked up to play anyway. So, so wild, and it's such a hard thing to trade. Like I know you were coming on, you can put stops, but it seems like you get stopped and get stopped out on everything. When you're talking about that thing, it's like, if you throw risk away and you just kind of just let it go, you know, obviously you can make some big money, but you can also lose some big money that way too.

I've always seen these things more as like lottery tickets, you know, some of them hit and some of them don't and that, like you said, fun, you know, use that to fund and have some fun, you know, PHQ and a lot of fun trading, something like that, but it's not my bread and butter either. That kind of stuff.

It's wild. You know, again, it's a, it's a stark really opposite of what I'm in right now. I have queues Ford and Sophie that's my portfolio. So, I mean, I've got some boring stuff. Uh, you know, not that point though. Well, Sophie, Sophie has been pretty good. A Sol that one looks like you get, get past 21 and change.

You could get back to that 25, 28 zone. I think it's a takeover candidate also. And Ford. This is, this is a, this is a 15 year breakout. We're finally. Something we're about to break out. Hopefully we get this back in the twenties and I think then, you know, maybe the crazy people come and start buying for.

You never know which one they're going to pick next time. And she's kinda thick. It, you know, they, you need like when they tried to move, uh, what was that? Uh, that lochia, it was a little thick. What about up? I just want to say though, Kenny Glackin, we've known Kenny for like the last decade here and he's been coming on.

There was one thick stock that he called, right. All the way up. And you know where I'm going with this one, Kenny, all the way, starting from $2 to $4 to $8 to $12 to $16 to $20 24. And it kept going, it was AMD and he was all over this and it started as a thick stock. Joel is for the next AMD. Oh, I'll take 20 bucks on for.

Let's go back to the world of real investing. Give me 20 bucks on Ford in eight months. You know, I remember those days you might have $16 stock and it was eight, four bucks. And in eight months later, that's what I'm looking at. I've got call spreads on Ford. I'm selling bullets. I got a big position in Ford.

Cause again, that one I don't have to watch and be afraid that it's going to drop 50% any second. But, uh, yeah, it's the wild west. It really is a, a real replica of how I, how I began this career. So I want to ask you about, uh, I know. I mean, you like to use that as your proxy, and I know you've made, can you put me on a U V X Y alert when you're, when you think this baby's going back to 110 K, let me see.

Well, I got to tell you something. I, and I'm waiting for expiration. We were selling $270 Coles, you know, a couple of months ago on this thing, just like the sq Q the sq Q in the UVA, by the way, if you don't know the sq Q it's the UVX. Why have the. And we would just been selling premium on these because for some reason they say they have premium out in the 20 fives and thirties on sq mathematically.

You can't actually go there, but the premiums there, but selling calls on that naked. Uh, but UVX is just, it's just awful. I mean, it really, once it goes into that contango, there's no bid on the stock and it, it does nothing by the way, the market sold off for what three days. And we've gone up every day since this market.

It's just, it's the same thing. And they'll just throw some stuff at us where we're frightened for a couple of days. Inflation was the last thing. I don't know. It doesn't the market outpace inflation, so yeah, we're good. We're good. I heard, I heard somebody saying the Dow a hundred thousand in, you know, five or six.

Two weeks, maybe two weeks it's it's it's, it's, it's, it's exactly where it's it's madness. But right now it's just keeping focused on the bread and butter. You know, I'm watching Facebook today for some selling, you know, and you know, just, again, there'll be a symbol that we don't know yet today and you know, maybe they're gonna run red box.

I mean, they're running red box now. Yeah. That's that's a spec. Yeah. Wait it's Kenny on the BKK T for a second. Uh, so that was a mid day headline, I believe. I mean, it was already up all, it was already up all day, but, but it, uh, I think it halted and it came into the hall even higher. So like T tell us how you played BKK T on a day, like yesterday, that was early on at that I was on the road yesterday, so I'm in a hotel room and I'm doing my broadcast and we were buying it just on the idea that it was breaking V weapon around 12.

So after that I was on the road the whole time. And that's when I just checked my phone at the end of the day and saw that stuck. I thought I was hallucinating for a second. Cause I was like, oh no, wait, not again, because it really, it was just a momentum breakout. So, you know, after it got to 17 and change, it all do consolidate all day, but it didn't break down.

So then it was just a breakout at the end of the day, what was it around one o'clock and then it was with momentum kicks in again. And that's what it's all about. That's the reason that the combination of the way I trade now and the historical trading that I did back in, you know, 97 to 2001, it's a great combination of a skill set right now.

So I'm using to keep me safe and sound and keep me, you know, liquid. That I'm playing the momentum burst. And then that's 1750. Dennis knows what I'm talking about. Blue sky breakouts, 1750, get to 2020 to get to 2250. It's still works. You hold it through earnings on Ford though, because it's got earnings on Wednesday.

I'm actually scared. I am too. And I've had forward in my portfolios and seven bucks. I'm somewhat nervous cause it's supply chain issues. And you know, you see like I can't get this and I can't get that. And I'm like, we know that, you know, a little bit of that might be priced in, but I'm kind of scared. I think it's priced in, you know, what?

They had a lot of open price to have a lead. They had a lot of a couple of weeks ago. They, they, they pretty much, pre-announced all that negativity and the stock rallied on that. That's why I bought more. So when it went down to 13 and change. It was positive news and it was going down negative news. The stock started going up.

That's what I liked more about it. And so, yeah. And that's, you know, again, it's not a huge position again, it's it's Ford, what's it going to really do go back to 14? You know, it's like this, thing's not going down 50%. It's not getting halted. I'm not too concerned. Plus, you know, I'm always hedged if I hold a position, Sophie also same kind of thing.

If you look guys, if you look at Sophie SOF, I don't know why, but there are $50 Coles on it for January. So I've been selling premium on that one. Again, anytime I hold a position I'm selling premium and for some reason, Sophie $50 calls or sorry with their forties or fifties, I believe it was a $50 call.

And just give it to me. You know, I'll sell premium all day, like 15 cents, 15 cents. I got 20 cents from a couple of weeks ago. Just I'll keep selling premium. It's like, I use it as bait for my daughter. You know, if somebody wants to pay me same thing with sq queue, you guys want to do some math, sq, Q $40 Coles.

Why do they exist? If you do the math?

I can't speak for them, but so far it is a beloved retail stock. So that's something to do with it. Yeah, it's pretty wild. Right. But you're right. It, it sounds a little crazy to $50 in January, but you know, that's what the, if that's, if, if that's available to you selling premium works. So Kenny Glick hit the bid.com.

The link is in the description. Uh, Kenny always applies your shirt twice in one week. Wow. I know. Let's do an earnings. Let's do earning season. Uh, we'll. We'll do some more, some most stuff in the morning. I, I, this is my favorite time of the year. Yeah. I know. I may have hit my Kenny quota for now. Maybe I'll have to let you know there's no, Kenny Kenny quota half ago on Kenny.

Good luck. Good luck out there. Everybody takes Kenny. Kenny. Kenny is man. And he's fine. It's from my neck of the woods in Jersey. I love that guy. Come on her show. It's gotta be seven years, like right from the beginning. I think. Yeah. Uh, Doug, I think, uh, Brianna was the one that, uh, could found or, you know what, he might've been that you might've already been doing some stuff with Benzinga when, uh, when we started doing the show, great guy and he's got strategies.

And like he says, you know, he plays around and some of this crazy stuff and it's fun, but you know, he's got his bread and butter is , you know, everybody's got their angle, his angles . So my angles relationships Joel's is the charts and the levels. Um, so everybody's got their angles and that's what you have to find.

If you're a newer trader, you gotta find what works for you. You know, if you're great at trade and all this crazy stuff, I guess by all means continuing to trade it. It's not my cup of tea, not Kenny's cup of tea. It's fun to trade. I like trading that stuff sometimes too. Livens it up a little bit with mine, for my boring relationships.

But my bread and butter is relationships has been. I just want to, yeah. I just want to throw it in here that, uh, we have, we gotta do a better job of publicizing it, but, uh, you could still get, uh, our webinar, um, on our site. You can go to it and just registered today and sign up for it. And people are just trickling in every day doing it.

So go to pre-market prep.com and you can purchase that, that last event that we did on October 16th. And if you want to, the first event that we did as well, we're throwing a little, a little bonus in there. So go to pre-market prep.com and speaking of relationships, let's talk the K N because this stock is getting a lift here, uh, because they're not doing a deal, Spencer, what's the headline headline.

They're not going to pursue a deal. Uh, yeah. You know, like an offer, a takeover, whatever you want to call it. Oh, come on. Now. My. Computer just froze up on me. That's okay. I got, I got your back. You entertain entertain. I got it. Entertain at home. Um, yeah. Uh, draft Kings. I, uh, th there was this one rumor deal day there come out via sec final scoring and saying, Nope, we've terminated those discussions with you.

And you're seeing the stock lift up substantially. I mean, you've got back down to a level. Two is 45 level has all kinds of memory down here. D K N G. It's been a dog. Um, it's been one I've been wanting to buy for a while. I did get down dirty and rebuy some of my pen the other day. Um, because, um, I don't know.

I, I, I feel a little bit of the reopening in there. It's got the sports betting, so I did buy a little bit of pen. I kind of want to rebuy the drafting steam. I got to chase it up 9% here this morning. Uh, but, um, you know, I it's on the watch list and it's a nice response to it. Full disclosure. I do have the pair on deacon G versus GNO G that's an Arab spread.

I want to just make a point here. And we discussed this yesterday, uh, and I want you to show you PayPal, right? So they hit PayPal, right? Because they're thinking of buy-in, um, uh, parents, right. And they just murdered a stock. Right. And then they call it, you know, we're not doing the deal. Well, look at all the people that got stuck in that, that was traded much higher in the pre-market trading.

And we said, Hey, it's, you know, it already, it started to fade. And I don't know if the Street's just thinking that PayPal was just so stupid for even thinking of doing that, that they just don't want calling the bluff. Cause when you read it there, say we're not looking at pins at this time. I think that they think that their eye Street's just calling the bluff.

You're on PayPal and they're saying, Hey, they're going to acquire somebody and they're going to overpay. I think that, I think that's why you saw the rally fade without being set to 40 huge. Um, you know, obviously the market doesn't want to see a deal, at least not for pens, because that was clearly spoken with going down 5%.

But I think that's what they were saying. Joel. Yeah, I agree. And then, so the only reason I'm bringing that up is you hit that just 53 boxes got 2 50, 2 95 over a half a million shares traded on that bracket. You think people are going to buy this thing back up to 53, maybe they will. We got a little bit of a lake, I'd say 50.

If it breaks 50, he got some more downside, a long way to go to the bottom, to the top of Friday's range, 47 35. But if I think what's this, what are all these highs here? 50 and a quarter already above that, we'll see, maybe I'm wrong. Maybe they take it back up to 53 and it just keeps on going. But it just sees where the relief pops on these non-deal things are really hard to get the license.

Yeah. It doesn't always come all the way back and we've sat and we've seen this on deals before, just because somebody snooping around, they slammed the stock down and they often don't get the losses all the way back. But I think the market still thinks PayPal is going to buy something and we know acquirers can get hit, especially on stock deals.

So obviously the Arabs come in and I'll often at the acquire and buy the acquiree. So, but that's a risk garb thing to talk about. So we've got four minutes here. Let's um, let's keep moving here through earning season because there's a lot of this morning ups. Let's go to ups. This is a good one. Very nice one joy.

Hey, I'm back in the office is my, is my mixer, uh, is my soundboard plugged in here. Okay. Yeah, I hear you. Oh, okay. All right. We have side effects. Hey, we're back. Okay. We're back. Yes. EPS beat 16 cent. Wait, let me pull it up in my pro one second 16 cents. I believe. Ah, no, that was the untested adjusted number with $2 and 71 cents versus a $2 and 54 cents.

So they beat by 16 cents sales, 23.2 versus $22.5 billion. So it will be this company beads almost every single quarter. They also raised their consolidated, adjusted, adjusted, operating margin target for the year up to 13%. So some kind of a guidance raised there to go with the beaten to beat. And again, this company, they beat with the exception of code when they missed a couple of during COVID, but they beat almost every single quarter at the top.

And the bottom line, try to get up to the all time. I said this morning, I didn't get there to 1959. The all-time high back from, I believe it was March or may. Um, how, how do we get y'all? Uh, we get, we snuck over to 16 on two different, 15 minute brackets, 16, 50, and 1644. What I'm gonna do here is I'm going to say, yeah, that's a good level, but I think it all, you've filled this gap here.

And just because these two highs are still on my chart, I keep my area of interest would be. Two 15. I mean, you got it. There's two highs right there. 14 29, 14 71. So less resistance to me. It also more than filling this gap. A lot of people got their money back, so I'm not buying it. And if I was selling, I actually like it.

I kind of like it shored up at your level, Joel, 14 to two 15. It's hard to just shorten the ring stock on good earnings. But you do have levels up here. I mean, above two 20, you got a, you know, when stocks making all time highs, you absolutely don't want to be short them, but you're coming up. You've come a long ways.

I mean, actually stations. Like we go back seven days ago, this was in the gutter and all of a sudden it's up 20%. And I know this is if you're buying it now, I believe you're absolutely doing it backwards. Brown. I believe you're absolutely doing it backwards. Joel's got all the puns today. So definitely not chasing.

I'm actually interested in the short side on this, but I have no position at right now hiring a hundred K workers. To deliver all those goods that are not on the store shop. That is a bit of a conundrum, isn't it? Yeah. You got to think like supply chain. If, if there's issues that go on across everything, that'd be delivering as much stuff you would think.

But anyway, it's speaking of supply chain, we'll just take it to a segue and we'll come back there. And he sees me obviously going to get apple earnings on Thursday. Got my new apple iPhone. Oh, can you say, I obviously have been on a iPhone five ass or whatever it was or whatever the hell it was five.

It's a version of the five I've been on there forever. And everybody's telling me you got to get new iPhone new iPhone. So I finally ordered, I go in Rogers, Canadian going around jurors order the new iPhone. They say couple of weeks. This is six weeks. So I call yesterday and I'm like my iPhone 12 mini a, you were saying a couple of weeks has been six weeks.

Is there anything he's like, actually he's like, I've got one in today. I just got a 12 minis. Like, it's not the one you ordered, but it's sitting here and if you want it, I suggest you take it because God knows when yours is going to come. So that was his exact words. So seriously, that was his exact words.

He, so it's, he's like, it's fire red though. I'm like, I like to know what I got to take. I'm like, if so I wanted the 1 28. It was only the 64. That's how much I'm settling here because I'm like, it may never come in. So I got my new iPhone it's fire engine red. I got the black case. They can just see the little bit of red there.

That's the only part. You'll see Dennis we're twins, Dennis with twins. Oh my gosh, man. Spencer, what is your. What is that? Uh, I dunno, I got it last year. So whenever the 12 to you probably

no, it's not a mini, I don't know, on the mini cause I wanted it to be the same size. This is the world we're in. We settle in this world. It's such a world we've been so spoiled in north America. I know her Greenberg was tweeting yesterday. Um, you know, about the Walgreens lineups and you know, the labor shortage we're abs he's absolutely right.

Her herb does some great work, but, um, absolutely right. We're looking at this, you know, from this perspective, north America is not used to not being able to buy what they want. When they want it. And we got to get used to this because this is the environment that we're in right now in the world we're in.

And you know what normally I'd be like, yeah, two years ago, I'm not going to take a red iPhone, half the, you know, with the half the storage that the one that I ordered in this world, I'm like, okay, I'll take it. I'll take it. And you know what I'm like, is there a sale? Hell no, there's no sales on right now.

You can't even get the dang thing. So it's a different world, a different mindset for the consumer, but I have a new iPhone. So that's kind of exciting, even though it's not the one I wanted. I hope now when I call you answer that that's well, because my old one, because I can take calls, but for some reason, I guess it was so old that they said they, they anticipate that my long distance.

Wasn't working. Cause I couldn't really call out long distance. So I'd call Joel and it would pick up, but I couldn't hear him, so, oh, it sucks. Your phone

so it was time for a new phone. So we got a new phone value with triple D. Your phone sucks. It's your phone? Where are you at? I know, I always said it was Joel's new plan and it was me. It was me the whole time. So that's what I found. Pretty exciting, even though it's not the one I wanted, but we're in, you know, and then, so I'm taking this to the apple earnings, apple disclosure.

Are they going to be good when nobody buy their phones? Well, weeks ago to buy a phone, they took it to pause it now. But I didn't actually buy the phone number. Remember they've already lowered the bar for themselves. I'm just saying when I went to Rogers, he's like, I'm like, what other iPhones do you have?

He's like, I don't have any I-phones. This is a telecommunication. It's on the biggest telecommunications companies in Canada. If not the biggest it's like at and T Verizon equivalent, if you don't a Rodger, that's huge. It trades on the New York stock exchange under RCI. But if they don't have I-phones, let me use a lot of other, yeah, this is the iPhone seller.

And either can't get them in. I got to think that apple, I got, that concerns me on holding an apple through an earnings report here. I'm obviously holding my longterm shares, but maybe I should put a hedge on, I don't know. What are your thoughts pounded the last couple of days? Well, because they don't have any I-phones for something.

I actually don't know the headline. I made that up. Difficult apples com it's battled its way back halfway, you know, from the, from the all time high, I mean, it runs, this is like your, your pattern that you've seen an apple will that pattern persists. We talked about this on the, uh, on the webinar. I mean, the run into the Q3 report went down, eventually came back up.

Then you had the, uh, Q2. I mean, it happens. I mean, they, they, their quarters are a little bit different, but it's had a really nice run. And if it goes with its historical patterns, it kind of sells off a little bit after. Yeah, I guess here's the only thing that, that the question you have to ask yourself is do you think that they're going to come out and lower?

The, and what were the bar. Or do you, or, or do you think they're really going to repeat what they said a month ago? Which was, yeah. W w we're we're not going to be able to, you know, sell as many phones, uh, Julius. He said that a month ago, do you think they're going to come out and say, say, oh, oh, our bad, it's actually worse than we thought.

I think it's more worse. I do believe it's getting worse. Are they going to just repeat themselves as we told you, you know, it's, it's, it's tough out there for iPhone maker right now. Um, but what if they come out and say, uh, you know, our cars really moving along or something like that, that would be something, yeah.

They're going to have to do something like that. Then if they're missing earnings, but I don't know. Like, I just think if I can't get the iPhone that I want and the guy saying, take any iPhone you can get right now because we can't get them. They're not, you know, they better be a very low bar in there and maybe it is, but they might come and underneath that low bar, I'm actually very, very concerned on this apple.

I'm actually very, very consuming sample and I'm long apple Foldscope, that's why I'm concerned. I probably wouldn't be thinking about it this much, but. Um, I'm nervous about this report. I made Thursday, Thursday night. We got a couple of days to talk about that. Wow. So do I have to hedge or not to hedge?

That is the question got two days. I will take the other side of this tray, Dennis, you're going to go along. You liked the apple court. Do you think the bar is low enough and it's all priced in th they only, the bad news is already out. We already know. It's not like it could be very well be right. Yeah. I mean, like, what are the odds like apple has always had a pretty good feel for things like, you know, when they say something it's pretty believable, like they have a good feel for their business.

Um, you know, th they're not constantly raising and lowering and raising them altering expectations. They have a pretty good, pretty good feel for things. So when they came in a little with a bar a month ago, all right, that's fair that, you know, I think they're not going to do it again twice. Maybe it's all priced in.

Maybe everybody expects them to not sell very many iPhone. Their iPhone sales year over year are not going to look pretty. I will tell you that much because if I can't buy an iPhone and I'm like the last person to buy it, no, no, but you did. They had one, he had one he's like, I got one 12. He's like, yo on it, it's not your phone, but it just came in.

Somebody is going to buy it today because we don't won't have any by the end of the day. And I don't think he's trying to hard sell me on it. I really believe that, you know, obviously I was already a customer, so I had already put a deposit. Joel, what's up. I was just going to say, uh, I mean, they miss for EPS.

Like one time since they missed a few EPS, they missed me with one time stint. Can you pull that up revenues tenders, but date, they rarely miss on APS. Bring it up.

This is apple going back to 2012. They missed. The second quarter of 2016, they better not miss, uh, they miss this time they missing the third quarter of 2012. That's the only note that this company, yeah, they never come in below the estimate ever. That doesn't mean the stock has to go higher, but it just means they had a good feel for that, for, for their business.

So anyway, I'll take the other side of that from Dennis. Uh, quiet here. I mean, just nothing going on here. We just have this set for the apple store, but just like, uh, just hanging up here. Well, it's been a pretty good overnight rally and we do the majority of the moves, you know, w we don't have a lot of macro stuff really happening here right now, driving stocks up.

And now we're an earning season earning season as the driver. It, we did get Facebook, but, you know, it's had a lot of time to digest and we don't have, you know, we have some names this morning, don't kid yourself. There was some earnings reports, but tonight is really the night. Like, I mean, when you get in Google and Microsoft and AMD, this is a big nighttime Twitter.

It's a big night tonight, at least for tech. So I don't think. That, you know, you don't have a hell of a lot of, you know, individual stories really driving us all over the place here today. You just got the steady grind north here in the spy. So, and that might continue like Facebook, even though it's muted response really.

I mean, they sold it off, they rallied it up. Now it just kind of hanging out. So, and it's been really not moving at all here in the last Facebook, wherever your driver. And if you bring up that Facebook chart, it's like me that's for the last couple of hours, it's really gotten nowhere. Yeah. So, uh, but let's go to the biggest, one of your biggest losers of the day here is lodged attack.

They had it running overnight cause they report over there and over in Europe here and there, their earnings per share missed a buckle five versus a buck 10. Uh, their sales came in a little bit higher, 1.3, one of us, $1.27 billion. So be a sales beat EPS, miss, uh, they did a reaffirm their sales guidance for the year at anywhere from down 5% to 5%.

Um, and the stock has gone. I just got to respect to pre-market low for the admin. You could respect these levels. 82 to 84. It's already traded a lot. So this is already priced in Europe too. So we come in a lot of mornings, 8:00 AM and it's price discovery. This is not home price discovery. This was priced discovering at three in the morning when Europe opened so completely different story.

It's a 3 cent market here right now. It's tight. It's trading just where it is obviously over in Europe right now. So it's following that price. So don't expect a big bounce back. Don't expect much. It's kind of priced where on the European sessions, half over. So that's where it wants to be. Uh, the other big Lewis we've got here is Lockheed Martin down.

I think 8% this morning, another bad one for me. EPS B, sorry. Jenna. CPSP sales, miss guidance came in. It looks like a little bit of light on the guidance front. Wow. So I'm in this from 3 25 or three 30, uh, long-term account put in the long-term account. Try not to look. It's I've been up here at three 80, a couple of times.

And given it all back a couple of times, it's one of those, like FedEx did that to me. I remember I'd be up down at, and like finally just get fed up with that. So obviously disappointing semi long-term accounts down 8% here on the earnings. Um, holding it because it was a long-term investment. I looked at the big run ahead and earnings.

I knew the expectations were a little bit high, but I did not hedge. It should have a hindsight. Capital's 2020. And I, that down seller stepped down seller right now. Yup. That day there's a, there's like, like when they used to supply chain stuff. Yeah. When people, that's the naughty word right now, that's the naughty word.

You can't say that, but I will say, let's see what happens at 3 45. Here we are trading below that right now. But look at that 1, 2, 3, 4, 5, 6, 7 lows in the same area. It's traded 110 K. I keep an eye on that, on that 3 45 today. But right now someone's got their pedal on the metal, forcing it lower. This will be a good one.

Uh, you know, keep your eye on that. 9 29 and 59 seconds. And then a good example of that was a pins from yesterday. And, uh, you know, you had the, this go to Penn, Cisco back from yesterday to illustrate this point. So here are Yar. These are the, this is where the change over is from the pre-market with, are they the only people that give you this kind of look, look at this.

This is just before the open, right? This is what is your pre-market law? And then boom. At nine 30 came down right here. 49, 10 was the low of former low. The move was off like 49 0 1 and then it caught a bid. So they defended it here at this level. Couldn't get a lot of the losses back, but, uh, at the same day with Lockheed Martin, it's a 340 $350 stock.

So not quite dead liquidity, but we'll see what happens. 3 45, no war going on. So, you know, I know you think.

They're going into space though. We're all going, how is, uh, how is a space travel doing how's M S P and I would at the lows, but you know what? You look at this and you think, okay, well, we've had a lot of these smaller retail names start to pop here. This is not been participating. So that's one somewhat concerning, but you have setups and we talk about setups and in $19 is your stop-out.

So it makes new lows. You got to go. I never want to be a stock banana stock making a new low on the move, but you've got co it's five, six days of consolidation. The problem is there's so much overhead supply, so it's hard to just say, okay, yeah, it's going to turn up because everything else is turning up.

And that might be the case. A rising tide does tend to lift all ships. It's stopped going down, probably because of. The question is, does actually start going up. I don't know. There's probably a lot of easier places to put your money. Uh, I just think about the news flow on Baba. No, we haven't come in in any, um, any China head slaps in a while and look at that thing is back up.

Ooh, this is 180. This is interesting to go higher because no news, just the absence of news, and this is rallied. Stop giving us bad headlines and the stock can actually start going up. Yep. That was saying D D got a little bit, uh, move up, but um, yeah, no, no bad headlines and stack them up. So there there's where here you're not looking for news on something you looking for.

No news. Should we spend the obligatory minute on 10? Yep. Sorry, obligatory. I mean, it's, it's a fact. It's so incredible. I said it yesterday on the show. I said, it's got a thousand on the brain. I'm thinking I was doing it yesterday, but it did. So, um, I don't know, from this point in time now, it's just, you know, this is upside capitulated.

To a certain extent, but this thing can go anywhere at once. It's wide open. It doesn't trade on valuation. It trades on story. The story is still hot. I mean, the Hertz, you know, was the catalyst obviously to break us out yesterday. And you think about it a hundred thousand cars is a lot of curves for Tesla.

You know, somebody was saying that was 20% of their sales from last year. So, I mean, that's incredible to think about, but I don't know if that stat is actually true. How many curves did they sell last year? Is I read it on Twitter. I'll look it up in the pro right now. Let's see. So last year, P you know, yesterday, I mean, I don't know who is still shorting that stock, but Dade has got blown out of the water yesterday.

Not a short, hot stories. Write this down. If you learn anything, don't start looking at valuation and tell the story cools off because valuation doesn't matter at all. If the story is hot, it doesn't matter. It doesn't matter. Stocks making new all time highs, you don't short stocks making new all time highs.

It's the way you get ruined because it's blue skies. They can go anywhere. They want. Tesla has not trade on fundamentals basically ever. So it's a hot story. I mean, it's the same reason. I don't short AMC and GME because those stories are not as hot as they were, but I don't, you know, you know, short, you know, you can't on valuation.

I shouldn't say, you know, I wouldn't sweat the stocks, but I wouldn't just look and say, oh, the AMC and GME valuation makes no sense. I'm going to short those stocks. Well, how did that do in January? So you've got to separate it. There's a time and a place where valuation does matter when stocks are making new all-time highs.

That's not the time to be stocking. Uh, last year, Tesla sold about 180 and a half thousand car. That's where they, they delivered. Sorry. Uh, no, I'm reading for Q4. I'm sorry for the whole year. For the whole year, they deliver it a little under half a million cars. So there you go. So that's 20% and they produced about 510,000 cars and they delivered about 10 grand.

And don't ask about how they're going to pay for it because it's it's by now and pay later,

I'll pay later. And then someone mentioned that, uh, they get a $4 billion order. Added a a hundred billion in market cap, you know, something like that, something crazy, but, uh, the only number that's really, I mean that 10 45 0 2. That's a nice number. You may very well see it today. I got to imagine some people are looking at dad mark at 10 24, 86, marked $113 over there.

Uh, uh, over the all-time closing high price. I mean, there just may be a little selling in this, just for your portfolios to rebalance some portfolios. That would be like the only reason I know Kathy was doing that lower, but the only number I can give you there, 10 24, 86, all-time closing high for. Okay, let me do this and take your time here.

There's a bond to take her as being thrown out on the chat that we haven't discussed. A couple of people have asked about X today. I've seen a couple of like two people. I asked if I'm still in it. You know what I don't know, actually, you know, you have a lot of stocks in your long-term portfolio. If you can't remember.

I was in it for a bit. I don't know if I got in it this time around, so I know I'm in Cleveland cloud still, which it's had a big move. That's obviously that's a big move. And I was actually thinking about ringing the register on some of it was just because it's been such a big move in three days. Um, the U S.

I don't, I don't think I'm in it. I'm in new core for sure. I'm in Cleveland close for sure. I'm not sure if I'm in the X. I have to go look. Sorry. Yeah. Nice. Move up. 21 cents. You snuck over twenty-five. This high is 25, so I would keep it at 24 98. Maybe there's some, some paper there at 25, but, uh, that was, uh, uh, the site where you fall off.

I don't know if there was earnings or a downgrade or whatever, but, uh, keep an eye on 25 today and things look kind of wide open in a, in a 25 handle. But, uh, see if there's some paper there at twenty-five gifted down yesterday a little bit, but now no rent run it into it. Um, okay. W was a bunch of tickers flying now.

Let's look at, I'm trying to find an interesting one. All right. I don't know. You want to look at Etsy. It's just breaking out to new highs again. Um, well, okay. This is an anti supply chain story, isn't it? Because there's obviously they're making, we're actually have people making stuff over here, so they can't get a good gift and your store shelves are empty.

That's true. There's people that are making stuff on Etsy. So I think this is, you know, the way that you play the shortage of supply in so many different products. So I, you know, it's breaking out and obviously justifiably. So I will also say that that same thing I just said, stocks are making new all time highs.

I don't want to be short. I may want to be long them. So on pullback, I'd be a buyer of valuation. Doesn't matter because it's making new all time highs. It will matter. One day doesn't matter right now, new, all time high, uh, by 11, 10 and a half bucks, dude, all time closing high by about 11 bucks. And your volume went up from 1.9 million to 3.5 million.

So. Big volume and the favor of the trend. I don't know if I would be looking to pick a top in this one today, 53 0 5 to 5,305 would fill the gap from yesterday, but maybe if it keeps going up and the volume starts to taper off, maybe it will pull back. But, uh, man, not a lot of fresh lungs in there yesterday.

Uh, Brian, I see you asking about P R O G. That's not really Perego. That's not Parago. No. Uh, it's the new, it's the news penny stock of the day. So, Brian, what I was going to say was not really top a T here, here, um, PRG, I would just say, you know, watch the all time, watch the pre-market high 6 46, but uh, wait, I, there was one more

if you go to your gainers, we did this exercise yesterday. There's always going to be like Kenny was saying four or five little stocks that are under five bucks that are ripper and higher. So if we go to the leaders today, number one is WPX. Um, I don't know what the story is. There all box, all box out of Spock.

It looks like back of the day. It looks like a spat back going up like crazy SPACs are back. And he's absolutely correct. There's certain specs that are just rip roaring every day. Um, our D B X. Is the number two, that's a spec, two specs or back. So look at number one and number two are spots or that worst backs, QoS number three, M E T X 50%.

It's a 38 cents stock. Don't want to be short 38 cents stocks right now because they go to 58 cents. Um, is, uh, the number five stock up 43%. That stock has been all over the place today. It is trading so fast, 11 million shares have already traded in box this morning, and it's not even nine o'clock.

Oh, yeah. Oh yeah. That's it was a movie yesterday, too. Yep. Back man's back attack. 4:00 AM here. The 4:00 AM was the, uh, the high, so 60 0 1, you hit that in the opening bracket. 52 0 3. So I don't know. Might have a hard time. I'd see. Wow. It's 17 bucks off that high high, then I'll call the high. I'm glad to stand on this one.

I don't think you see 60 bucks again today, but. Trade at your own discretion on that one 17 bucks away. There's a lot of people that bought this 50 handle, they're thinking, oh, what am I going to do with this? So we'll see what happens. 40 looks like a little bit of support. Uh, you hit that a couple of times after coming off the high.

How about upstart here? Ups team is what do they do? Significantly off the high from a couple of weeks ago. 4 0 1. It's uh, you know, we're now down to the middle. Uh, upstart is a new weight. If you asked that on purpose. Yeah. Okay. I'm just checking. I'm starting to FinTech. If you don't know, I'm starting to, as it's a FinTech play,

he's been on the show, Dennis. You were out that day, I think. Or maybe how can you remember that? It was at the close of Joel and Joel made fun of him. I asked y'all if we should get him on the show, Joel said. You can, if you want. I I'm sure. You know what the best that he should've just said follow a momentum, momentum stock.

That's yeah, look, you couldn't argue with that, but that's what maybe, you know, what they do, Joel,

if you don't know what the company does, so I'm going to you're right? Yeah. Can't overthink it. If you don't know the valuation don't know the fundamentals don't know what it does. I mean, JC Brett's doesn't care anything about any of the fundamentals, so, and he does very well just straight and pure technical.

So know what, you know, what you like, you know, I like to know the fundies. I like to know the relationships. I like to know that this stock is going to move with this stocks moving, but, um, there's a lot of good technical traders out there that just use technicals and could care less with this stuff. All right.

What else we got, uh, got a couple minutes. We just got a headline here and, and I don't know if it's relevant, but I'm going to say anyway, uh, uh, in, in addition to a social media platform, uh, Trump also intends to launch his own on-demand streaming service. So I pulled up the whack in theory, this should not move the stock, right.

Because it's nothing, it's a different company. It's got nothing to do with w but that's just in theory, this is not moving off of, this is a silly world that we live in. So I think it's trying to do everything that company, somebody, it was, um, it was her body that was on CNBC and he read the actual, like, um, what do you call it?

That, uh, yeah, he read the notes for the company and what they were proposing. And they had all that in D whack. They were trying to be the, everything. Okay. Yeah. Yeah. Well, we had, we had Chris catchy on live, creating, read it, read the presentation to us as well. I think maybe that if I'm remembering now vaguely, uh, that, yeah, that had that in there too.

It was in the deck. Oh yeah. It's the company. That's going to take out everything. They're going to be the social media. They're going to be your streamer. They're going to do everything they'll even support. And they'll even fix all the supply chain issues D fixes everything and maybe they'll come up with a vaccine.

Might do that to the anti-vaccine. Maybe. So anyway, direct Dave has gone up in the last couple of minutes here and a hundred percent off that headline. Yeah. That's fair. That's fair. I guess I thought maybe not the same thing, but I guess you're right. It is your call. Another inside day, Joel. It was an inside day, another inside deck.

Third inside day. It's like quite the range 40 point range. Uh, if you want levels on D wag, uh, email me Joel at pre-market prep.com and we can work out some financial arrangements, stay tuned to our next show, live trading with Benzinga. Maybe we're going to be J maybe I'll trade direct again, whack, uh, but not likely.

So, all right. How did funding?

The no one knew that was going yesterday was, uh, mark murky. Mark. Yep. Marky mark. And the funky bunch. Yup. M a R K. Holy macro. I think it was like, where was it? Pre-market Joel. Wasn't it like eight or nine bucks? Pretty much dead. And the market 10. I don't know if we market it, did it. Did I just missed it?

Just missed it. Just shy of 10 P. That's why the circus is in town. When you're a dollar to $10 on stupidity, you rang our register. Oh, big volume on that bracket to Dennis had died. Oh, oh, some people got stuck. I'll look at it. Look at the volume in this thing. This is in a funky bond. Look at that. Look at that volume.

That was training. Holy mackerel. Where do you go with that? All right. I'm going to, we missed a lot of symbols here and I'm going to hop over to pre-market prep.com and cover those. Also, if you missed that event, it's still available. Just go on the site, you can sign up and register for that. So, alright, Spencer, be with you later on.

Go get triple D. I want you to dig out. I want you to get your shovel. I want you to dig out. I think you can, new iPhone. I'm going to use that and I'm going to dig out of this with my new red I'm Spencer twinsies. I'm going to, I'm going to dig out with this iPhone here when he's some crazy, um, where you know is the craziest dock of the week, right?

Um, we're going to have the CEO, sorry, the CEO. Uh, Phunware Randall Crowder at our Benzinga small cap conference, not tomorrow, but Thursday, Thursday. I think if memory serves it's like two o'clock I think, uh, regardless BZ, small cap.com. All right. Look at that. BZ, small cap.com. It's going to be, uh, nine to like three 30 tomorrow and Thursday.

Uh, so check it out. We are also going to give away a free one-year subscription of Benzinga pro to anyone who participates in our survey during the conference. So, uh, I'll be there tomorrow. Uh, very exciting stuff. So, uh, with that said, it's going to be a wrap for our show today. Live trading with benzene.

It's going to start when we're done here, we have a full day of shows. We have specks attack making its return. We have, uh, our, our new midday show. I, I don't, I don't know if we're going to call it the power hour anymore, but like our new midday show, uh, with Erin bringing myself, uh, at noon. Got a great show prepared today.

We got the roadmap, our NFTE show at two o'clock. I'll be back with Joel at three 30 and a money match at four. O'clock got a lot going on today, a lot going on. Very exciting. Okay. That's a wrap everyone. Good walk at the open wive training with Benzinga starting in a couple of minutes and, uh, we'll see you over there.

Stay green


Our Sponsors:
* Check out Indeed: indeed.com/PREP
Support this podcast at — https://redcircle.com/premarket-prep/donations
Advertising Inquiries: https://redcircle.com/brands
Privacy & Opt-Out: https://redcircle.com/privacy
  continue reading

1210 פרקים

Artwork

Facebook Pushes Back

PreMarket Prep

47 subscribers

published

iconשתפו
 
Manage episode 305522396 series 1078911
תוכן מסופק על ידי Benzinga. כל תוכן הפודקאסטים כולל פרקים, גרפיקה ותיאורי פודקאסטים מועלים ומסופקים ישירות על ידי Benzinga או שותף פלטפורמת הפודקאסט שלו. אם אתה מאמין שמישהו משתמש ביצירה שלך המוגנת בזכויות יוצרים ללא רשותך, אתה יכול לעקוב אחר התהליך המתואר כאן https://he.player.fm/legal.

Episode Summary:

  • Market Recap
  • Facebook earnings reaction FB
  • Tesla reaches $1 trillion TSLA
  • UPS earnings reaction

2 week free trial no credit card required - https://pro.benzinga.com/

Email onboarding@benzinga.com

Guests:

Tim Quast, Market Structure Edge

Meet The Hosts:

Dennis Dick

Twitter:https://twitter.com/TripleDTrader

Spencer Israel

Twitter: https://twitter.com/sjisrael

Joel Elconin

Twitter: https://twitter.com/Spus

https://www.premarketprep.com/

Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Subscribe to all Benzinga Podcasts at https://www.benzinga.com/podcasts

Unedited Transcript

Good morning, everybody. Happy Tuesday. Welcome to pre-market prep. Spencer, Joel, Dennis, here with you as always, we're talking Facebook, obviously earnings kind of a day. We'll talk Facebook, we'll talk ups. We'll talk a lodge attack.

Uh, we may talk a little bit of Tesla depending. I mean, we talk about Tesla all the time, right? So. Well, how can we not, you know what I mean? It pouring down and Martin, gab is kind of a big deal. So if you want, we can get to some of the staples, right? 3m G if you guys feel like it, if not, we can talk about other stuff, but, uh, Kenny Glick will be back today, which want to do a quick follow up with Kenny from last week.

He was on the show on a Thursday, talking all about his trades and D whack and fun. Uh, just wanted to follow up for a minute here with Kenny. So Kenny will be on the show in about 13 minutes or so for a quick segment. And, um, we'll take questions from our chat as always, as we do at the end of every show at ticker time, as a reminder that like button forest, please.

And thank you. And oh, by the way, our next event is tomorrow is tomorrow and Thursday. The second to last spending a small cap conference of the year. You can see the, the graphic there at the bottom of the screen bottom, right? Uh, BZ, small.com all day after pre-market prep all day tomorrow. Thursday, et cetera for that.

Uh, Joel. Good morning. Are you see your charts? How are we doing? How was your night? How was your morning? We're doing good. We're doing good. I, but up someone reminded me. I did not give the dad jokes of the day yesterday, slacking on that front. Uh, Monday's a good one. Dads love complaining that they are the only ones who ever turned the lights off in the house.

I do that. Yup. Yup. And then dad's love saying she's a Butte when they see a car, they like, I also do that. Okay. Well you're not a dad yet. You know, um, we are integrating by 17 handles. We just caught a bid after hours. Haven't even seen that close in 45, 58 pre-market high 48, 75. If I told you there was resistance in this market, I'd be lying to you.

And I don't want to do that to you guys, crudes down or excuse me, up 26 cents. Big sell off yesterday, but on the rebound goal, still over 1800 down to 30 at 18 0 4 30 silver in the red by 14, 15 cents at twenty four forty four Bitcoin. Let's just call that flat at 62,900 and Ethereum, that's just up a couple of bucks, 42, 32 75.

Uh, so we got to bring in triple D here and it's our mission. To put a smile on that face today. Some days you come in and your overnight trades, you're on the right side of every single trade and everything is going well, and you can do no wrong today. For me. It's not one of those days. I will tell you that much I've come in and I'm like, I'm right on that.

I'm right on that. I'm right on that. I'm like, this is going to be a battle today. When you start in the hole by, you know what, there's a lot of day left. We'll try to take a positive spin on it, even though my P and L is bleeding out. So we'll try and take a positive spin. We'll find some good trades, maybe turn around my buddy, Mike in Nashville.

He's telling me that I'm going to be green by the end of the day. That very well may be the case, but we got a lot of work to do. Today's going to be a good day for your taxes. How about that? Yeah. You know what? I'm paying enough taxes anyways. Maybe I just got to take the rest of the. Maybe that's what we should do today is going to be a good day for some tax loss, harvesting creator.

Yeah, I think so. I already harvested a couple of them. One was a Polaris long in the earnings. Ouch. Yeah. Got stuck with that one wrong side. That's okay. It happens to everyone. People. It doesn't happen a hundred percent winners. I am not one of those people. There's Twitter loses on Twitter. Anybody ever posted a losing trade on Twitter?

No, I don't think so. Everybody wins all the time on Twitter. They don't talk about the losers though. We like talking about the losers we like to lean on or chat when we're having a bad day and say, you know what? I've been there, done that. And you've all, even if you don't post them on Twitter, so, you know, bad day trading it's okay.

Shrug it off. You'll have a good day. Maybe. Okay. All right, let's go. Let's go mean, let's go to the story of the day, obviously, right? Facebook here. Uh, we talked about this one yesterday into the report and the sentiment really couldn't have been quite worse on the headline for Facebook. This morning is very simple, not as bad as Snapchat five words.

That's the takeaway because the report was mostly positive. There were some things not to like about it, but not as bad as Snapchat. Um, the EPS was, was good. They beat, uh, there, this is interesting. Their revenue actually missed, uh, I knew it was the first time that their revenue, uh, came in, uh, uh, uh, down on sequential or year over year basis since, since like 2018, um, which they attributed to what else?

Or who else? Apple. Um, so, but, but you know, the, the daily active users in line, uh, the guidance in line, a buyback 50 billion. Um, so again, it was mostly good. And especially when you compare to Snapchat, it was very good. Um, they talked to up what else? Their metaverse they're going to spin out, uh, some reporting on their metaverse operations.

And they're going to start reporting that stuff separately and spin it out from the rest of the company. So we get a better idea of how much they're spending and investing on, on things like Oculus and all that sort of thing. Um, so talk, talk that up a lot. Um, but by and large, the report, wasn't bad kind of, uh, uh, take that statement from, from Facebook in light of all the negative headlines every day, kind of a, kind of a pushback here.

What are you going to with triple day on this. Well, the level of the level is the lows. And then we got down there again, they hit it right on the initial number. And where do they hit it to right. To those lows of the move, the whole three 17 to three 20 area. Yeah, we touched three 15, but there is huge.

Joel would say super-duper support down there. You have to respect that the algos don't respect it obviously. Cause they're the ones that slammed it on the headline, the news algo, and they immediately start losing money. Don't think to yourself that every algo out there is smart. There's a lot of dumb algos out there.

And that was a dumb one because they had a right down to support on. You got to understand expectations algos. You got to understand that snap and Spencer clearly stated when he was starting, the segment that they set the bar very, very low for facing. So come out like, oh no, Facebook best one of the power was lower.

So you'd got to consider that when you're writing those news algos that just hit when they see the revenue, miss throw those expectations in there, but they don't do it and they just hit it down and you know what? They get punished for it. So ever sound three 15. Congratulations. You just threw away 20 points.

Uh, I, we covered this on the show, uh, and then you add the clothes show and I do. I'm looking at this chart and there's some big players out there and I'm not one of them, triple D is not one of them, but they're just trading this range, man. And any time to St gets near three 20 or under three 20, they're just scooping it up.

And then whenever it gets near three 40, they're dumping it. And now you're stuck right in the middle. So I, I like to see the way it resolves itself out. Eventually it's going to get it. And eventually we're going to break three 20. We're going to stay under three 20 and we're going to test 300 or they're just going to struggle.

This offer going to hold three 40. They're going to get half back of this move. So I just think there's, you gotta respect ranges when their ranges, and this is a big volume stock. It's a big part of the S and P and until further notice, I'm just going to let it chop in this range and get a clean break one way.

I mean, it's big money. I'm talking. Big money is doing this. They're there. Scooped it up and they're selling it. Maybe even going short, like you do triple D like I know you can go long and oh, I'm sorry. Okay. Yeah. Anyways, that's my, that's my look. You're going to ban shorting again, just like they did back during the financial crisis.

Okay. That's it. So three 30, nothing muffin there. Just use those parameters. If you trade in Facebook, I'm curious how it's Twitter is reacting here to this. Well, it has had some headlines of its own too though, last night. So it actually didn't respond too much and then started lifting. Actually, maybe it wasn't a headline, you know what it was, it was a fast money, uh, pumped it there, big option buyers.

Yeah. You know, and then when they see those big option buyers, those fast money guys, you know, everybody follows that. So it started lifting and it actually rallied a block because they said we saw call buying in Twitter. Again, I put zero relevance into that, but you've got to respect it because it does move the price.

And when they talk about it on CNBC, a lot of people will say, oh, I got to buy some of that. And they actually actually did. So it is lifting Twitter. I don't know what to say about this either. If that, if, if, if, if Trump does actually yet his social media platform off the ground, like if an actually does, you know, and obviously a lot of people believe it's going to, with the market cap that they're giving it.

I got to think it's not good for you. So, I don't know. I don't want any part of Twitter at this point in time. I want more information on what Trump's plan is over. I'm so close to dumping this and I've been holding it for a long time. Well, it's not cheap. It's not cheap, but I just can't take another earnings, miss.

And this going back to 50 bucks. That's why almost, that's why I almost sold Intel. I had of the report. I didn't want to take another earnings myth and going back to 50 bucks, that's exactly what happened. I did not sell my long-term Intel should have sold. Take the money when he got the money, take the money.

When does, when does Twitter report? They report? I should know this. Uh it's uh that's oh, wait, today, today, your night tonight. Everybody reports tonight, we got okay. So I only hear the lineup tonight. We are calling Microsoft AMD. We got hood. Look, Robin, that's going to report with Texas instruments. We've got visa.

And then we got a lot of smaller company like Juniper capital one financial reports, wire report. They've got a few. There's a few. I think he missed. Did you miss Google? You say that don't no, I said it right off the hop. So the big three reporting night or Google, I'm going to go Google, Microsoft and D and we'll put Twitter number four, but a lot of people were watching that Robin hood earnings report too.

So that's pretty big one too. It's under 40. Now that level is of all levels, but let's see what happens. I mean, when you have, you know, an earnings report, we always say technicals, take a back seat expectations, fairly low for Robin hood. So that's a good thing. If you're long, if the expectations are low, it means there's a lower bar.

With that being said, I think a lot of Robin hood wants to know too, is what's happening with Gensler what's happening with payment forward or flow. What's going on there because you know, we can talk about high frequency trading. We can talk about, um, you know, off exchange trading. We can talk about Citadel and virtue, financial and off exchange market makers, you know, obviously benefiting from payment for order flow relations.

But nobody benefits more from PFO AF than these small retail brokerages, like ones that small, but saying Robin hood, this is the majority of their revenues. So that's what matters more than anything to them. Um, and we don't have clarity there yet. So that's why it's difficult. Like you could have one headline Ganzer is going to crack down and all of a sudden, boom, Robin, who's going to get ahead or one headline Gensler's maybe going to leave it as it is.

Or maybe we're just going to get more disclosures. I tend to think we're just going to get more disclosures, but you know, we don't know where he's going here. That matters very much to H O O D. Yeah, it did. It did. I mean, you got some add some daily support. I'm gonna still keep that line at 40, just because now you can kind of use it as a resistance.

Uh let's see what I mean, you only have a couple other lows down here and you have the IPO price, uh, at, uh, what was it? 37. That's where it opened up that, so I don't know kids were still right. So this quarter was what, um, what months did it represent? Yeah. So kids went back to school in September, so maybe they weren't trading as much.

So I don't know. Tough, tough call here. I'll just give you a, if you look in for support today, I don't think it's going to get the 37 16, uh, lean on yesterday. I don't know this check. Look how tight this is. Well, I can't get out of my mind. And this one is when did these guys, what was that big insider cell?

That was, that was right here for three days afterwards. I mean, Yeah, look, I mean, they say, get me out. And Ben, is there been any insider buys in a Robin hood down here? I'm sure somebody is buying for somebody. Don't talk about Robin hood that much. And you know, the kind of ebbs and flows. We talk about Cathy wood for a while we talked.

Yeah, we haven't talked to Robin hood too much. We talked about this 40 level though, and it has breached the 40 level, but there's an earnings report here tonight. So don't even worry about the technicals. Let's see what happens with the earnings report. I tend to think that the bar is pretty low and I wouldn't be surprised that they do get over that low bar, how the spot stock responds is another story.

But I think that they can get over the low bar. Okay. All right. What what's bring on here? You know, we went, how many months we went, um, We went five. Oh, I can't do math. We went three months without having Kenny Glick on the show. And now we're going to have Kenny on twice in one week. Wow. We're getting more than our fair share of Kenny and I.

The reason that I asked him back today was just to follow up on the craziness from last Thursday when he was on the show, we were talking about D whack and fun. And, and so Kenny, uh, first off, good morning, welcome to the show. Um, tell me how the last few days have been for you on that front. Cause it's it got quiet or.

I don't think it's, I don't think so. We had another one yesterday. It was BKK T we get a it's it's three different D different symbols every single day. Now there's usually as a therapeutics or a pharmaceuticals involved, and then we have got, now the SPACs are back. So it's been crazy, but guess what? I mean, my one of my best trades, just that it was Kimberly Clark, you know, I always go back to the place.

I'd go back to the bread and butter to fund the craziness what'd you do on can be, can be, was just the buyer and the dip. You know, I called the, I called the turn and got, got some 1 26, 50. The told me he was going to go to 1 30, 15, boom, went right to the price. And again, that's what I teach people. You want to have fun with these lunatic stocks, have the bread and butter to fund those crazy ideas because, you know, I'm telling this, I'm sounding people again, if that, if they pull the D whack deal, that stock's getting Holden and opening up at 10 bucks.

So I wouldn't hold it overnight. And the options are too crazy to play on the two jacked up to play anyway. So, so wild, and it's such a hard thing to trade. Like I know you were coming on, you can put stops, but it seems like you get stopped and get stopped out on everything. When you're talking about that thing, it's like, if you throw risk away and you just kind of just let it go, you know, obviously you can make some big money, but you can also lose some big money that way too.

I've always seen these things more as like lottery tickets, you know, some of them hit and some of them don't and that, like you said, fun, you know, use that to fund and have some fun, you know, PHQ and a lot of fun trading, something like that, but it's not my bread and butter either. That kind of stuff.

It's wild. You know, again, it's a, it's a stark really opposite of what I'm in right now. I have queues Ford and Sophie that's my portfolio. So, I mean, I've got some boring stuff. Uh, you know, not that point though. Well, Sophie, Sophie has been pretty good. A Sol that one looks like you get, get past 21 and change.

You could get back to that 25, 28 zone. I think it's a takeover candidate also. And Ford. This is, this is a, this is a 15 year breakout. We're finally. Something we're about to break out. Hopefully we get this back in the twenties and I think then, you know, maybe the crazy people come and start buying for.

You never know which one they're going to pick next time. And she's kinda thick. It, you know, they, you need like when they tried to move, uh, what was that? Uh, that lochia, it was a little thick. What about up? I just want to say though, Kenny Glackin, we've known Kenny for like the last decade here and he's been coming on.

There was one thick stock that he called, right. All the way up. And you know where I'm going with this one, Kenny, all the way, starting from $2 to $4 to $8 to $12 to $16 to $20 24. And it kept going, it was AMD and he was all over this and it started as a thick stock. Joel is for the next AMD. Oh, I'll take 20 bucks on for.

Let's go back to the world of real investing. Give me 20 bucks on Ford in eight months. You know, I remember those days you might have $16 stock and it was eight, four bucks. And in eight months later, that's what I'm looking at. I've got call spreads on Ford. I'm selling bullets. I got a big position in Ford.

Cause again, that one I don't have to watch and be afraid that it's going to drop 50% any second. But, uh, yeah, it's the wild west. It really is a, a real replica of how I, how I began this career. So I want to ask you about, uh, I know. I mean, you like to use that as your proxy, and I know you've made, can you put me on a U V X Y alert when you're, when you think this baby's going back to 110 K, let me see.

Well, I got to tell you something. I, and I'm waiting for expiration. We were selling $270 Coles, you know, a couple of months ago on this thing, just like the sq Q the sq Q in the UVA, by the way, if you don't know the sq Q it's the UVX. Why have the. And we would just been selling premium on these because for some reason they say they have premium out in the 20 fives and thirties on sq mathematically.

You can't actually go there, but the premiums there, but selling calls on that naked. Uh, but UVX is just, it's just awful. I mean, it really, once it goes into that contango, there's no bid on the stock and it, it does nothing by the way, the market sold off for what three days. And we've gone up every day since this market.

It's just, it's the same thing. And they'll just throw some stuff at us where we're frightened for a couple of days. Inflation was the last thing. I don't know. It doesn't the market outpace inflation, so yeah, we're good. We're good. I heard, I heard somebody saying the Dow a hundred thousand in, you know, five or six.

Two weeks, maybe two weeks it's it's it's, it's, it's, it's exactly where it's it's madness. But right now it's just keeping focused on the bread and butter. You know, I'm watching Facebook today for some selling, you know, and you know, just, again, there'll be a symbol that we don't know yet today and you know, maybe they're gonna run red box.

I mean, they're running red box now. Yeah. That's that's a spec. Yeah. Wait it's Kenny on the BKK T for a second. Uh, so that was a mid day headline, I believe. I mean, it was already up all, it was already up all day, but, but it, uh, I think it halted and it came into the hall even higher. So like T tell us how you played BKK T on a day, like yesterday, that was early on at that I was on the road yesterday, so I'm in a hotel room and I'm doing my broadcast and we were buying it just on the idea that it was breaking V weapon around 12.

So after that I was on the road the whole time. And that's when I just checked my phone at the end of the day and saw that stuck. I thought I was hallucinating for a second. Cause I was like, oh no, wait, not again, because it really, it was just a momentum breakout. So, you know, after it got to 17 and change, it all do consolidate all day, but it didn't break down.

So then it was just a breakout at the end of the day, what was it around one o'clock and then it was with momentum kicks in again. And that's what it's all about. That's the reason that the combination of the way I trade now and the historical trading that I did back in, you know, 97 to 2001, it's a great combination of a skill set right now.

So I'm using to keep me safe and sound and keep me, you know, liquid. That I'm playing the momentum burst. And then that's 1750. Dennis knows what I'm talking about. Blue sky breakouts, 1750, get to 2020 to get to 2250. It's still works. You hold it through earnings on Ford though, because it's got earnings on Wednesday.

I'm actually scared. I am too. And I've had forward in my portfolios and seven bucks. I'm somewhat nervous cause it's supply chain issues. And you know, you see like I can't get this and I can't get that. And I'm like, we know that, you know, a little bit of that might be priced in, but I'm kind of scared. I think it's priced in, you know, what?

They had a lot of open price to have a lead. They had a lot of a couple of weeks ago. They, they, they pretty much, pre-announced all that negativity and the stock rallied on that. That's why I bought more. So when it went down to 13 and change. It was positive news and it was going down negative news. The stock started going up.

That's what I liked more about it. And so, yeah. And that's, you know, again, it's not a huge position again, it's it's Ford, what's it going to really do go back to 14? You know, it's like this, thing's not going down 50%. It's not getting halted. I'm not too concerned. Plus, you know, I'm always hedged if I hold a position, Sophie also same kind of thing.

If you look guys, if you look at Sophie SOF, I don't know why, but there are $50 Coles on it for January. So I've been selling premium on that one. Again, anytime I hold a position I'm selling premium and for some reason, Sophie $50 calls or sorry with their forties or fifties, I believe it was a $50 call.

And just give it to me. You know, I'll sell premium all day, like 15 cents, 15 cents. I got 20 cents from a couple of weeks ago. Just I'll keep selling premium. It's like, I use it as bait for my daughter. You know, if somebody wants to pay me same thing with sq queue, you guys want to do some math, sq, Q $40 Coles.

Why do they exist? If you do the math?

I can't speak for them, but so far it is a beloved retail stock. So that's something to do with it. Yeah, it's pretty wild. Right. But you're right. It, it sounds a little crazy to $50 in January, but you know, that's what the, if that's, if, if that's available to you selling premium works. So Kenny Glick hit the bid.com.

The link is in the description. Uh, Kenny always applies your shirt twice in one week. Wow. I know. Let's do an earnings. Let's do earning season. Uh, we'll. We'll do some more, some most stuff in the morning. I, I, this is my favorite time of the year. Yeah. I know. I may have hit my Kenny quota for now. Maybe I'll have to let you know there's no, Kenny Kenny quota half ago on Kenny.

Good luck. Good luck out there. Everybody takes Kenny. Kenny. Kenny is man. And he's fine. It's from my neck of the woods in Jersey. I love that guy. Come on her show. It's gotta be seven years, like right from the beginning. I think. Yeah. Uh, Doug, I think, uh, Brianna was the one that, uh, could found or, you know what, he might've been that you might've already been doing some stuff with Benzinga when, uh, when we started doing the show, great guy and he's got strategies.

And like he says, you know, he plays around and some of this crazy stuff and it's fun, but you know, he's got his bread and butter is , you know, everybody's got their angle, his angles . So my angles relationships Joel's is the charts and the levels. Um, so everybody's got their angles and that's what you have to find.

If you're a newer trader, you gotta find what works for you. You know, if you're great at trade and all this crazy stuff, I guess by all means continuing to trade it. It's not my cup of tea, not Kenny's cup of tea. It's fun to trade. I like trading that stuff sometimes too. Livens it up a little bit with mine, for my boring relationships.

But my bread and butter is relationships has been. I just want to, yeah. I just want to throw it in here that, uh, we have, we gotta do a better job of publicizing it, but, uh, you could still get, uh, our webinar, um, on our site. You can go to it and just registered today and sign up for it. And people are just trickling in every day doing it.

So go to pre-market prep.com and you can purchase that, that last event that we did on October 16th. And if you want to, the first event that we did as well, we're throwing a little, a little bonus in there. So go to pre-market prep.com and speaking of relationships, let's talk the K N because this stock is getting a lift here, uh, because they're not doing a deal, Spencer, what's the headline headline.

They're not going to pursue a deal. Uh, yeah. You know, like an offer, a takeover, whatever you want to call it. Oh, come on. Now. My. Computer just froze up on me. That's okay. I got, I got your back. You entertain entertain. I got it. Entertain at home. Um, yeah. Uh, draft Kings. I, uh, th there was this one rumor deal day there come out via sec final scoring and saying, Nope, we've terminated those discussions with you.

And you're seeing the stock lift up substantially. I mean, you've got back down to a level. Two is 45 level has all kinds of memory down here. D K N G. It's been a dog. Um, it's been one I've been wanting to buy for a while. I did get down dirty and rebuy some of my pen the other day. Um, because, um, I don't know.

I, I, I feel a little bit of the reopening in there. It's got the sports betting, so I did buy a little bit of pen. I kind of want to rebuy the drafting steam. I got to chase it up 9% here this morning. Uh, but, um, you know, I it's on the watch list and it's a nice response to it. Full disclosure. I do have the pair on deacon G versus GNO G that's an Arab spread.

I want to just make a point here. And we discussed this yesterday, uh, and I want you to show you PayPal, right? So they hit PayPal, right? Because they're thinking of buy-in, um, uh, parents, right. And they just murdered a stock. Right. And then they call it, you know, we're not doing the deal. Well, look at all the people that got stuck in that, that was traded much higher in the pre-market trading.

And we said, Hey, it's, you know, it already, it started to fade. And I don't know if the Street's just thinking that PayPal was just so stupid for even thinking of doing that, that they just don't want calling the bluff. Cause when you read it there, say we're not looking at pins at this time. I think that they think that their eye Street's just calling the bluff.

You're on PayPal and they're saying, Hey, they're going to acquire somebody and they're going to overpay. I think that, I think that's why you saw the rally fade without being set to 40 huge. Um, you know, obviously the market doesn't want to see a deal, at least not for pens, because that was clearly spoken with going down 5%.

But I think that's what they were saying. Joel. Yeah, I agree. And then, so the only reason I'm bringing that up is you hit that just 53 boxes got 2 50, 2 95 over a half a million shares traded on that bracket. You think people are going to buy this thing back up to 53, maybe they will. We got a little bit of a lake, I'd say 50.

If it breaks 50, he got some more downside, a long way to go to the bottom, to the top of Friday's range, 47 35. But if I think what's this, what are all these highs here? 50 and a quarter already above that, we'll see, maybe I'm wrong. Maybe they take it back up to 53 and it just keeps on going. But it just sees where the relief pops on these non-deal things are really hard to get the license.

Yeah. It doesn't always come all the way back and we've sat and we've seen this on deals before, just because somebody snooping around, they slammed the stock down and they often don't get the losses all the way back. But I think the market still thinks PayPal is going to buy something and we know acquirers can get hit, especially on stock deals.

So obviously the Arabs come in and I'll often at the acquire and buy the acquiree. So, but that's a risk garb thing to talk about. So we've got four minutes here. Let's um, let's keep moving here through earning season because there's a lot of this morning ups. Let's go to ups. This is a good one. Very nice one joy.

Hey, I'm back in the office is my, is my mixer, uh, is my soundboard plugged in here. Okay. Yeah, I hear you. Oh, okay. All right. We have side effects. Hey, we're back. Okay. We're back. Yes. EPS beat 16 cent. Wait, let me pull it up in my pro one second 16 cents. I believe. Ah, no, that was the untested adjusted number with $2 and 71 cents versus a $2 and 54 cents.

So they beat by 16 cents sales, 23.2 versus $22.5 billion. So it will be this company beads almost every single quarter. They also raised their consolidated, adjusted, adjusted, operating margin target for the year up to 13%. So some kind of a guidance raised there to go with the beaten to beat. And again, this company, they beat with the exception of code when they missed a couple of during COVID, but they beat almost every single quarter at the top.

And the bottom line, try to get up to the all time. I said this morning, I didn't get there to 1959. The all-time high back from, I believe it was March or may. Um, how, how do we get y'all? Uh, we get, we snuck over to 16 on two different, 15 minute brackets, 16, 50, and 1644. What I'm gonna do here is I'm going to say, yeah, that's a good level, but I think it all, you've filled this gap here.

And just because these two highs are still on my chart, I keep my area of interest would be. Two 15. I mean, you got it. There's two highs right there. 14 29, 14 71. So less resistance to me. It also more than filling this gap. A lot of people got their money back, so I'm not buying it. And if I was selling, I actually like it.

I kind of like it shored up at your level, Joel, 14 to two 15. It's hard to just shorten the ring stock on good earnings. But you do have levels up here. I mean, above two 20, you got a, you know, when stocks making all time highs, you absolutely don't want to be short them, but you're coming up. You've come a long ways.

I mean, actually stations. Like we go back seven days ago, this was in the gutter and all of a sudden it's up 20%. And I know this is if you're buying it now, I believe you're absolutely doing it backwards. Brown. I believe you're absolutely doing it backwards. Joel's got all the puns today. So definitely not chasing.

I'm actually interested in the short side on this, but I have no position at right now hiring a hundred K workers. To deliver all those goods that are not on the store shop. That is a bit of a conundrum, isn't it? Yeah. You got to think like supply chain. If, if there's issues that go on across everything, that'd be delivering as much stuff you would think.

But anyway, it's speaking of supply chain, we'll just take it to a segue and we'll come back there. And he sees me obviously going to get apple earnings on Thursday. Got my new apple iPhone. Oh, can you say, I obviously have been on a iPhone five ass or whatever it was or whatever the hell it was five.

It's a version of the five I've been on there forever. And everybody's telling me you got to get new iPhone new iPhone. So I finally ordered, I go in Rogers, Canadian going around jurors order the new iPhone. They say couple of weeks. This is six weeks. So I call yesterday and I'm like my iPhone 12 mini a, you were saying a couple of weeks has been six weeks.

Is there anything he's like, actually he's like, I've got one in today. I just got a 12 minis. Like, it's not the one you ordered, but it's sitting here and if you want it, I suggest you take it because God knows when yours is going to come. So that was his exact words. So seriously, that was his exact words.

He, so it's, he's like, it's fire red though. I'm like, I like to know what I got to take. I'm like, if so I wanted the 1 28. It was only the 64. That's how much I'm settling here because I'm like, it may never come in. So I got my new iPhone it's fire engine red. I got the black case. They can just see the little bit of red there.

That's the only part. You'll see Dennis we're twins, Dennis with twins. Oh my gosh, man. Spencer, what is your. What is that? Uh, I dunno, I got it last year. So whenever the 12 to you probably

no, it's not a mini, I don't know, on the mini cause I wanted it to be the same size. This is the world we're in. We settle in this world. It's such a world we've been so spoiled in north America. I know her Greenberg was tweeting yesterday. Um, you know, about the Walgreens lineups and you know, the labor shortage we're abs he's absolutely right.

Her herb does some great work, but, um, absolutely right. We're looking at this, you know, from this perspective, north America is not used to not being able to buy what they want. When they want it. And we got to get used to this because this is the environment that we're in right now in the world we're in.

And you know what normally I'd be like, yeah, two years ago, I'm not going to take a red iPhone, half the, you know, with the half the storage that the one that I ordered in this world, I'm like, okay, I'll take it. I'll take it. And you know what I'm like, is there a sale? Hell no, there's no sales on right now.

You can't even get the dang thing. So it's a different world, a different mindset for the consumer, but I have a new iPhone. So that's kind of exciting, even though it's not the one I wanted. I hope now when I call you answer that that's well, because my old one, because I can take calls, but for some reason, I guess it was so old that they said they, they anticipate that my long distance.

Wasn't working. Cause I couldn't really call out long distance. So I'd call Joel and it would pick up, but I couldn't hear him, so, oh, it sucks. Your phone

so it was time for a new phone. So we got a new phone value with triple D. Your phone sucks. It's your phone? Where are you at? I know, I always said it was Joel's new plan and it was me. It was me the whole time. So that's what I found. Pretty exciting, even though it's not the one I wanted, but we're in, you know, and then, so I'm taking this to the apple earnings, apple disclosure.

Are they going to be good when nobody buy their phones? Well, weeks ago to buy a phone, they took it to pause it now. But I didn't actually buy the phone number. Remember they've already lowered the bar for themselves. I'm just saying when I went to Rogers, he's like, I'm like, what other iPhones do you have?

He's like, I don't have any I-phones. This is a telecommunication. It's on the biggest telecommunications companies in Canada. If not the biggest it's like at and T Verizon equivalent, if you don't a Rodger, that's huge. It trades on the New York stock exchange under RCI. But if they don't have I-phones, let me use a lot of other, yeah, this is the iPhone seller.

And either can't get them in. I got to think that apple, I got, that concerns me on holding an apple through an earnings report here. I'm obviously holding my longterm shares, but maybe I should put a hedge on, I don't know. What are your thoughts pounded the last couple of days? Well, because they don't have any I-phones for something.

I actually don't know the headline. I made that up. Difficult apples com it's battled its way back halfway, you know, from the, from the all time high, I mean, it runs, this is like your, your pattern that you've seen an apple will that pattern persists. We talked about this on the, uh, on the webinar. I mean, the run into the Q3 report went down, eventually came back up.

Then you had the, uh, Q2. I mean, it happens. I mean, they, they, their quarters are a little bit different, but it's had a really nice run. And if it goes with its historical patterns, it kind of sells off a little bit after. Yeah, I guess here's the only thing that, that the question you have to ask yourself is do you think that they're going to come out and lower?

The, and what were the bar. Or do you, or, or do you think they're really going to repeat what they said a month ago? Which was, yeah. W w we're we're not going to be able to, you know, sell as many phones, uh, Julius. He said that a month ago, do you think they're going to come out and say, say, oh, oh, our bad, it's actually worse than we thought.

I think it's more worse. I do believe it's getting worse. Are they going to just repeat themselves as we told you, you know, it's, it's, it's tough out there for iPhone maker right now. Um, but what if they come out and say, uh, you know, our cars really moving along or something like that, that would be something, yeah.

They're going to have to do something like that. Then if they're missing earnings, but I don't know. Like, I just think if I can't get the iPhone that I want and the guy saying, take any iPhone you can get right now because we can't get them. They're not, you know, they better be a very low bar in there and maybe it is, but they might come and underneath that low bar, I'm actually very, very concerned on this apple.

I'm actually very, very consuming sample and I'm long apple Foldscope, that's why I'm concerned. I probably wouldn't be thinking about it this much, but. Um, I'm nervous about this report. I made Thursday, Thursday night. We got a couple of days to talk about that. Wow. So do I have to hedge or not to hedge?

That is the question got two days. I will take the other side of this tray, Dennis, you're going to go along. You liked the apple court. Do you think the bar is low enough and it's all priced in th they only, the bad news is already out. We already know. It's not like it could be very well be right. Yeah. I mean, like, what are the odds like apple has always had a pretty good feel for things like, you know, when they say something it's pretty believable, like they have a good feel for their business.

Um, you know, th they're not constantly raising and lowering and raising them altering expectations. They have a pretty good, pretty good feel for things. So when they came in a little with a bar a month ago, all right, that's fair that, you know, I think they're not going to do it again twice. Maybe it's all priced in.

Maybe everybody expects them to not sell very many iPhone. Their iPhone sales year over year are not going to look pretty. I will tell you that much because if I can't buy an iPhone and I'm like the last person to buy it, no, no, but you did. They had one, he had one he's like, I got one 12. He's like, yo on it, it's not your phone, but it just came in.

Somebody is going to buy it today because we don't won't have any by the end of the day. And I don't think he's trying to hard sell me on it. I really believe that, you know, obviously I was already a customer, so I had already put a deposit. Joel, what's up. I was just going to say, uh, I mean, they miss for EPS.

Like one time since they missed a few EPS, they missed me with one time stint. Can you pull that up revenues tenders, but date, they rarely miss on APS. Bring it up.

This is apple going back to 2012. They missed. The second quarter of 2016, they better not miss, uh, they miss this time they missing the third quarter of 2012. That's the only note that this company, yeah, they never come in below the estimate ever. That doesn't mean the stock has to go higher, but it just means they had a good feel for that, for, for their business.

So anyway, I'll take the other side of that from Dennis. Uh, quiet here. I mean, just nothing going on here. We just have this set for the apple store, but just like, uh, just hanging up here. Well, it's been a pretty good overnight rally and we do the majority of the moves, you know, w we don't have a lot of macro stuff really happening here right now, driving stocks up.

And now we're an earning season earning season as the driver. It, we did get Facebook, but, you know, it's had a lot of time to digest and we don't have, you know, we have some names this morning, don't kid yourself. There was some earnings reports, but tonight is really the night. Like, I mean, when you get in Google and Microsoft and AMD, this is a big nighttime Twitter.

It's a big night tonight, at least for tech. So I don't think. That, you know, you don't have a hell of a lot of, you know, individual stories really driving us all over the place here today. You just got the steady grind north here in the spy. So, and that might continue like Facebook, even though it's muted response really.

I mean, they sold it off, they rallied it up. Now it just kind of hanging out. So, and it's been really not moving at all here in the last Facebook, wherever your driver. And if you bring up that Facebook chart, it's like me that's for the last couple of hours, it's really gotten nowhere. Yeah. So, uh, but let's go to the biggest, one of your biggest losers of the day here is lodged attack.

They had it running overnight cause they report over there and over in Europe here and there, their earnings per share missed a buckle five versus a buck 10. Uh, their sales came in a little bit higher, 1.3, one of us, $1.27 billion. So be a sales beat EPS, miss, uh, they did a reaffirm their sales guidance for the year at anywhere from down 5% to 5%.

Um, and the stock has gone. I just got to respect to pre-market low for the admin. You could respect these levels. 82 to 84. It's already traded a lot. So this is already priced in Europe too. So we come in a lot of mornings, 8:00 AM and it's price discovery. This is not home price discovery. This was priced discovering at three in the morning when Europe opened so completely different story.

It's a 3 cent market here right now. It's tight. It's trading just where it is obviously over in Europe right now. So it's following that price. So don't expect a big bounce back. Don't expect much. It's kind of priced where on the European sessions, half over. So that's where it wants to be. Uh, the other big Lewis we've got here is Lockheed Martin down.

I think 8% this morning, another bad one for me. EPS B, sorry. Jenna. CPSP sales, miss guidance came in. It looks like a little bit of light on the guidance front. Wow. So I'm in this from 3 25 or three 30, uh, long-term account put in the long-term account. Try not to look. It's I've been up here at three 80, a couple of times.

And given it all back a couple of times, it's one of those, like FedEx did that to me. I remember I'd be up down at, and like finally just get fed up with that. So obviously disappointing semi long-term accounts down 8% here on the earnings. Um, holding it because it was a long-term investment. I looked at the big run ahead and earnings.

I knew the expectations were a little bit high, but I did not hedge. It should have a hindsight. Capital's 2020. And I, that down seller stepped down seller right now. Yup. That day there's a, there's like, like when they used to supply chain stuff. Yeah. When people, that's the naughty word right now, that's the naughty word.

You can't say that, but I will say, let's see what happens at 3 45. Here we are trading below that right now. But look at that 1, 2, 3, 4, 5, 6, 7 lows in the same area. It's traded 110 K. I keep an eye on that, on that 3 45 today. But right now someone's got their pedal on the metal, forcing it lower. This will be a good one.

Uh, you know, keep your eye on that. 9 29 and 59 seconds. And then a good example of that was a pins from yesterday. And, uh, you know, you had the, this go to Penn, Cisco back from yesterday to illustrate this point. So here are Yar. These are the, this is where the change over is from the pre-market with, are they the only people that give you this kind of look, look at this.

This is just before the open, right? This is what is your pre-market law? And then boom. At nine 30 came down right here. 49, 10 was the low of former low. The move was off like 49 0 1 and then it caught a bid. So they defended it here at this level. Couldn't get a lot of the losses back, but, uh, at the same day with Lockheed Martin, it's a 340 $350 stock.

So not quite dead liquidity, but we'll see what happens. 3 45, no war going on. So, you know, I know you think.

They're going into space though. We're all going, how is, uh, how is a space travel doing how's M S P and I would at the lows, but you know what? You look at this and you think, okay, well, we've had a lot of these smaller retail names start to pop here. This is not been participating. So that's one somewhat concerning, but you have setups and we talk about setups and in $19 is your stop-out.

So it makes new lows. You got to go. I never want to be a stock banana stock making a new low on the move, but you've got co it's five, six days of consolidation. The problem is there's so much overhead supply, so it's hard to just say, okay, yeah, it's going to turn up because everything else is turning up.

And that might be the case. A rising tide does tend to lift all ships. It's stopped going down, probably because of. The question is, does actually start going up. I don't know. There's probably a lot of easier places to put your money. Uh, I just think about the news flow on Baba. No, we haven't come in in any, um, any China head slaps in a while and look at that thing is back up.

Ooh, this is 180. This is interesting to go higher because no news, just the absence of news, and this is rallied. Stop giving us bad headlines and the stock can actually start going up. Yep. That was saying D D got a little bit, uh, move up, but um, yeah, no, no bad headlines and stack them up. So there there's where here you're not looking for news on something you looking for.

No news. Should we spend the obligatory minute on 10? Yep. Sorry, obligatory. I mean, it's, it's a fact. It's so incredible. I said it yesterday on the show. I said, it's got a thousand on the brain. I'm thinking I was doing it yesterday, but it did. So, um, I don't know, from this point in time now, it's just, you know, this is upside capitulated.

To a certain extent, but this thing can go anywhere at once. It's wide open. It doesn't trade on valuation. It trades on story. The story is still hot. I mean, the Hertz, you know, was the catalyst obviously to break us out yesterday. And you think about it a hundred thousand cars is a lot of curves for Tesla.

You know, somebody was saying that was 20% of their sales from last year. So, I mean, that's incredible to think about, but I don't know if that stat is actually true. How many curves did they sell last year? Is I read it on Twitter. I'll look it up in the pro right now. Let's see. So last year, P you know, yesterday, I mean, I don't know who is still shorting that stock, but Dade has got blown out of the water yesterday.

Not a short, hot stories. Write this down. If you learn anything, don't start looking at valuation and tell the story cools off because valuation doesn't matter at all. If the story is hot, it doesn't matter. It doesn't matter. Stocks making new all time highs, you don't short stocks making new all time highs.

It's the way you get ruined because it's blue skies. They can go anywhere. They want. Tesla has not trade on fundamentals basically ever. So it's a hot story. I mean, it's the same reason. I don't short AMC and GME because those stories are not as hot as they were, but I don't, you know, you know, short, you know, you can't on valuation.

I shouldn't say, you know, I wouldn't sweat the stocks, but I wouldn't just look and say, oh, the AMC and GME valuation makes no sense. I'm going to short those stocks. Well, how did that do in January? So you've got to separate it. There's a time and a place where valuation does matter when stocks are making new all-time highs.

That's not the time to be stocking. Uh, last year, Tesla sold about 180 and a half thousand car. That's where they, they delivered. Sorry. Uh, no, I'm reading for Q4. I'm sorry for the whole year. For the whole year, they deliver it a little under half a million cars. So there you go. So that's 20% and they produced about 510,000 cars and they delivered about 10 grand.

And don't ask about how they're going to pay for it because it's it's by now and pay later,

I'll pay later. And then someone mentioned that, uh, they get a $4 billion order. Added a a hundred billion in market cap, you know, something like that, something crazy, but, uh, the only number that's really, I mean that 10 45 0 2. That's a nice number. You may very well see it today. I got to imagine some people are looking at dad mark at 10 24, 86, marked $113 over there.

Uh, uh, over the all-time closing high price. I mean, there just may be a little selling in this, just for your portfolios to rebalance some portfolios. That would be like the only reason I know Kathy was doing that lower, but the only number I can give you there, 10 24, 86, all-time closing high for. Okay, let me do this and take your time here.

There's a bond to take her as being thrown out on the chat that we haven't discussed. A couple of people have asked about X today. I've seen a couple of like two people. I asked if I'm still in it. You know what I don't know, actually, you know, you have a lot of stocks in your long-term portfolio. If you can't remember.

I was in it for a bit. I don't know if I got in it this time around, so I know I'm in Cleveland cloud still, which it's had a big move. That's obviously that's a big move. And I was actually thinking about ringing the register on some of it was just because it's been such a big move in three days. Um, the U S.

I don't, I don't think I'm in it. I'm in new core for sure. I'm in Cleveland close for sure. I'm not sure if I'm in the X. I have to go look. Sorry. Yeah. Nice. Move up. 21 cents. You snuck over twenty-five. This high is 25, so I would keep it at 24 98. Maybe there's some, some paper there at 25, but, uh, that was, uh, uh, the site where you fall off.

I don't know if there was earnings or a downgrade or whatever, but, uh, keep an eye on 25 today and things look kind of wide open in a, in a 25 handle. But, uh, see if there's some paper there at twenty-five gifted down yesterday a little bit, but now no rent run it into it. Um, okay. W was a bunch of tickers flying now.

Let's look at, I'm trying to find an interesting one. All right. I don't know. You want to look at Etsy. It's just breaking out to new highs again. Um, well, okay. This is an anti supply chain story, isn't it? Because there's obviously they're making, we're actually have people making stuff over here, so they can't get a good gift and your store shelves are empty.

That's true. There's people that are making stuff on Etsy. So I think this is, you know, the way that you play the shortage of supply in so many different products. So I, you know, it's breaking out and obviously justifiably. So I will also say that that same thing I just said, stocks are making new all time highs.

I don't want to be short. I may want to be long them. So on pullback, I'd be a buyer of valuation. Doesn't matter because it's making new all time highs. It will matter. One day doesn't matter right now, new, all time high, uh, by 11, 10 and a half bucks, dude, all time closing high by about 11 bucks. And your volume went up from 1.9 million to 3.5 million.

So. Big volume and the favor of the trend. I don't know if I would be looking to pick a top in this one today, 53 0 5 to 5,305 would fill the gap from yesterday, but maybe if it keeps going up and the volume starts to taper off, maybe it will pull back. But, uh, man, not a lot of fresh lungs in there yesterday.

Uh, Brian, I see you asking about P R O G. That's not really Perego. That's not Parago. No. Uh, it's the new, it's the news penny stock of the day. So, Brian, what I was going to say was not really top a T here, here, um, PRG, I would just say, you know, watch the all time, watch the pre-market high 6 46, but uh, wait, I, there was one more

if you go to your gainers, we did this exercise yesterday. There's always going to be like Kenny was saying four or five little stocks that are under five bucks that are ripper and higher. So if we go to the leaders today, number one is WPX. Um, I don't know what the story is. There all box, all box out of Spock.

It looks like back of the day. It looks like a spat back going up like crazy SPACs are back. And he's absolutely correct. There's certain specs that are just rip roaring every day. Um, our D B X. Is the number two, that's a spec, two specs or back. So look at number one and number two are spots or that worst backs, QoS number three, M E T X 50%.

It's a 38 cents stock. Don't want to be short 38 cents stocks right now because they go to 58 cents. Um, is, uh, the number five stock up 43%. That stock has been all over the place today. It is trading so fast, 11 million shares have already traded in box this morning, and it's not even nine o'clock.

Oh, yeah. Oh yeah. That's it was a movie yesterday, too. Yep. Back man's back attack. 4:00 AM here. The 4:00 AM was the, uh, the high, so 60 0 1, you hit that in the opening bracket. 52 0 3. So I don't know. Might have a hard time. I'd see. Wow. It's 17 bucks off that high high, then I'll call the high. I'm glad to stand on this one.

I don't think you see 60 bucks again today, but. Trade at your own discretion on that one 17 bucks away. There's a lot of people that bought this 50 handle, they're thinking, oh, what am I going to do with this? So we'll see what happens. 40 looks like a little bit of support. Uh, you hit that a couple of times after coming off the high.

How about upstart here? Ups team is what do they do? Significantly off the high from a couple of weeks ago. 4 0 1. It's uh, you know, we're now down to the middle. Uh, upstart is a new weight. If you asked that on purpose. Yeah. Okay. I'm just checking. I'm starting to FinTech. If you don't know, I'm starting to, as it's a FinTech play,

he's been on the show, Dennis. You were out that day, I think. Or maybe how can you remember that? It was at the close of Joel and Joel made fun of him. I asked y'all if we should get him on the show, Joel said. You can, if you want. I I'm sure. You know what the best that he should've just said follow a momentum, momentum stock.

That's yeah, look, you couldn't argue with that, but that's what maybe, you know, what they do, Joel,

if you don't know what the company does, so I'm going to you're right? Yeah. Can't overthink it. If you don't know the valuation don't know the fundamentals don't know what it does. I mean, JC Brett's doesn't care anything about any of the fundamentals, so, and he does very well just straight and pure technical.

So know what, you know, what you like, you know, I like to know the fundies. I like to know the relationships. I like to know that this stock is going to move with this stocks moving, but, um, there's a lot of good technical traders out there that just use technicals and could care less with this stuff. All right.

What else we got, uh, got a couple minutes. We just got a headline here and, and I don't know if it's relevant, but I'm going to say anyway, uh, uh, in, in addition to a social media platform, uh, Trump also intends to launch his own on-demand streaming service. So I pulled up the whack in theory, this should not move the stock, right.

Because it's nothing, it's a different company. It's got nothing to do with w but that's just in theory, this is not moving off of, this is a silly world that we live in. So I think it's trying to do everything that company, somebody, it was, um, it was her body that was on CNBC and he read the actual, like, um, what do you call it?

That, uh, yeah, he read the notes for the company and what they were proposing. And they had all that in D whack. They were trying to be the, everything. Okay. Yeah. Yeah. Well, we had, we had Chris catchy on live, creating, read it, read the presentation to us as well. I think maybe that if I'm remembering now vaguely, uh, that, yeah, that had that in there too.

It was in the deck. Oh yeah. It's the company. That's going to take out everything. They're going to be the social media. They're going to be your streamer. They're going to do everything they'll even support. And they'll even fix all the supply chain issues D fixes everything and maybe they'll come up with a vaccine.

Might do that to the anti-vaccine. Maybe. So anyway, direct Dave has gone up in the last couple of minutes here and a hundred percent off that headline. Yeah. That's fair. That's fair. I guess I thought maybe not the same thing, but I guess you're right. It is your call. Another inside day, Joel. It was an inside day, another inside deck.

Third inside day. It's like quite the range 40 point range. Uh, if you want levels on D wag, uh, email me Joel at pre-market prep.com and we can work out some financial arrangements, stay tuned to our next show, live trading with Benzinga. Maybe we're going to be J maybe I'll trade direct again, whack, uh, but not likely.

So, all right. How did funding?

The no one knew that was going yesterday was, uh, mark murky. Mark. Yep. Marky mark. And the funky bunch. Yup. M a R K. Holy macro. I think it was like, where was it? Pre-market Joel. Wasn't it like eight or nine bucks? Pretty much dead. And the market 10. I don't know if we market it, did it. Did I just missed it?

Just missed it. Just shy of 10 P. That's why the circus is in town. When you're a dollar to $10 on stupidity, you rang our register. Oh, big volume on that bracket to Dennis had died. Oh, oh, some people got stuck. I'll look at it. Look at the volume in this thing. This is in a funky bond. Look at that. Look at that volume.

That was training. Holy mackerel. Where do you go with that? All right. I'm going to, we missed a lot of symbols here and I'm going to hop over to pre-market prep.com and cover those. Also, if you missed that event, it's still available. Just go on the site, you can sign up and register for that. So, alright, Spencer, be with you later on.

Go get triple D. I want you to dig out. I want you to get your shovel. I want you to dig out. I think you can, new iPhone. I'm going to use that and I'm going to dig out of this with my new red I'm Spencer twinsies. I'm going to, I'm going to dig out with this iPhone here when he's some crazy, um, where you know is the craziest dock of the week, right?

Um, we're going to have the CEO, sorry, the CEO. Uh, Phunware Randall Crowder at our Benzinga small cap conference, not tomorrow, but Thursday, Thursday. I think if memory serves it's like two o'clock I think, uh, regardless BZ, small cap.com. All right. Look at that. BZ, small cap.com. It's going to be, uh, nine to like three 30 tomorrow and Thursday.

Uh, so check it out. We are also going to give away a free one-year subscription of Benzinga pro to anyone who participates in our survey during the conference. So, uh, I'll be there tomorrow. Uh, very exciting stuff. So, uh, with that said, it's going to be a wrap for our show today. Live trading with benzene.

It's going to start when we're done here, we have a full day of shows. We have specks attack making its return. We have, uh, our, our new midday show. I, I don't, I don't know if we're going to call it the power hour anymore, but like our new midday show, uh, with Erin bringing myself, uh, at noon. Got a great show prepared today.

We got the roadmap, our NFTE show at two o'clock. I'll be back with Joel at three 30 and a money match at four. O'clock got a lot going on today, a lot going on. Very exciting. Okay. That's a wrap everyone. Good walk at the open wive training with Benzinga starting in a couple of minutes and, uh, we'll see you over there.

Stay green


Our Sponsors:
* Check out Indeed: indeed.com/PREP
Support this podcast at — https://redcircle.com/premarket-prep/donations
Advertising Inquiries: https://redcircle.com/brands
Privacy & Opt-Out: https://redcircle.com/privacy
  continue reading

1210 פרקים

모든 에피소드

×
 
Loading …

ברוכים הבאים אל Player FM!

Player FM סורק את האינטרנט עבור פודקאסטים באיכות גבוהה בשבילכם כדי שתהנו מהם כרגע. זה יישום הפודקאסט הטוב ביותר והוא עובד על אנדרואיד, iPhone ואינטרנט. הירשמו לסנכרון מנויים במכשירים שונים.

 

מדריך עזר מהיר