Hello and welcome back to another market closing live stream. Oh today we have 29 minutes to go to isabelle and we have earnings. Yes, we have earnings. Today, uh we have facebook.

Today, oh we got qualcomm today. Oh, this is good. Oh yes, okay! I didn't even realize that until just now the reason qualcomm is so good is because i believe that ceo is not going to give us bull crap if they're having supply issues as one of the major uh 5g plays uh cellular device manufacturer for for 4 and 5G or and of course, many other chips, including even autonomous vehicle products. I think that qualcomm is going to give it to us straight.

I don't think they're going to pull a google where they just choose not to talk about uh qf uh. Q1. 2022. I don't think they're going to pull an amd where they're like well we're well positioned we're good and i don't think they're going to pull an apple where they're like yeah, we're we're facing significant supply issues, but it's a little better than it was last quarter.

I actually think qualcomm has a good chance of giving it to us straight and if qualcomm comes out and tells us during the earnings call like hey, you know, things are getting better. That's gon na be really good, uh, uh, and so i'm gon na. Be i'm optimistic for that? I'm not i'm not playing earnings. Today, though, we do know that matterport is reporting, facebook's earning uh reporting spotify is reporting uh qualcomm and, along with a few others here, oh netgear, that could be another interesting one to look at netgear.

Just be i'm really allstate insurances, okay, that could be interesting. You know, allstate might actually have commentary about replacement cars in the car market, so that could that could be kind of interesting uh. Also, maybe a little bit of real estate commentary who knows about construction and contracting? Sometimes you get that out of the insurance company so uh. I i think that could be quite quite interesting, uh yeah somebody wants to know.

If i think matterport will be. I you know i um. Oh, i got ta do a thumbnail. I don't like to play earnings because they're freaking nuts, but uh they're so unpredictable, but the search trends for matterport have not been uh very positive, and you have to remember that uh we're we're going through a transition right now with matterport, and that is a transition From product sales to uh services, which is servicing uh people who are doing the 3d scans and that but the product, sales and revenue for the product sales are going down so, which is somewhat unfortunate but uh anyway yeah.

So these earnings are going to be really interesting today and - and i'm very excited about these specifically because of the potential for big insights into supply chain issues. Now so far, honestly, we've we've had nothing but garbage and trash uh from and fud from the so from these earnings calls and uh. You know i i hate to say that, because i i don't want people to think that, like oh, it's every time, kevin reads: an earnings call it's bad! It's like! Well, i'm just going to read you what the facts are. If you don't like it, just don't watch it, but uh i mean look at this ge: 3m general motors uh, kimberly clark, caterpillar, mcdonald's, starbucks, apple, uh, paypal, uh, even the shipping company, all of them all of them, are complaining that things got worse in january and Not better that's, so it's not a good trend, but qualcomm will be a good uh, a good indicator.

I think uh for us. So we'll see what happens with qualcomm uh. Let's do a quick check of the markets and, let's see what kind of news we can get out there, so uh first things. First, let's look at our indices and tesla over here.

I do want to point out tesla specifically because it it usually when we see this kind of channeling here in tesla, it can set itself up for breakout either to the upside or the downside. But this is a clear volume reduction consolidation here and that could set itself up for hopefully a rally right into that right into the close uh and again i i know there are people like kevin. Why would you say? Hopefully it goes up when united? It's again, i don't want there to be a recession. I want good news.

The best here's, the like best thing that could happen for all of us is all the supply chain issues. U-Turn uh, i buy back into tesla 50 bucks more expensive than where i sold it. I pay my taxes, who cares and the economy doesn't go into a recession. That's the best case scenario.

You know, unfortunately, the the you know calculus that we're using and the models that we're using suggest that there is a higher expected value given uh the the opportunities that could present themselves or already presenting themselves for us, whether that's in in business creation or in stocks Or in real estate, there's a higher expected value in having cash uh than there is that actually uh being in that's, that's not a suggestion for you, though, in fact in in the course member live stream just a little bit ago. We were talking about exactly for what kind of person the macro economic cycle actually matters to, and then there are very big differences to, because the macroeconomic cycle just does not matter to everyone, not everybody's gon na be able to take advantage of it uh. If there is a actual larger business cycle shift, but anyway, so uh google, very interestingly, here - never hit the levels that we really saw in pre-market. This is not really surprising.

We go out to the 30 minute here. It is very, very common for retail to push these stocks to extremes in the pre or post market and then for them to go back to some sort of current normal level. And i i i only say that as a caution, because the same thing happened with amd, so you know people who are up at 1 am who are like yolo into amd. You know and things going up like 11 12.

I would just be careful about that. Now don't get me wrong, i think they deserve to go up uh, even even potentially 10. I think it's totally worth it because uh the company killed it. I thought they did really well.

I do think that lisa that the ceo was uh very evasive about q1, and i don't like that. I wish they would just give us clarity on q1 like why everybody wants to know. What's going on in q1. Ea is recovering really nicely, but that's after the crap earnings that they had uh and the day chart actually doesn't even really signify that as badly uh.

Well, if you consider the wicks but anywho so uh owlette is another one of those look at the 30 minute. On owlette, i mean this thing ran substantially this morning. I think it was up like 10 or something at one point this morning. Yeah so be careful about those little momentum.

Movers, facebook uh is going to be very interesting for the close here. This close is going to be spectacular. Uh, we do have the s p, uh at highs of the day, which is quite incredible. The s p out of everything is actually one.

That's revisiting what we had in the pre-market. We we had about these levels in the pre-market here and we're really struggling to get above that uh 61.8 uh on the fibonacci here. This is now the second time that we're gon na be we're knocking on that door, but uh. It certainly doesn't hurt that apple.

Google and microsoft are all green right. That's gon na be something that waits this up, especially when you look at like delta or carnival. These things aren't really moving today. Jp morgan, amazon, they're moving down today, starbucks surprisingly, was only down one percent, but folks look at some of the pain that we've got here.

I mean paypal down 24. I mean paypal basically went as far as telling us that everybody who got a stemi check made a paypal account, got their stimi spent money on on stuff and then uh and then and then never went back to their paypal account. That's basically what what they said, which uh, which is quite wild, quite well, somebody says fedex. Peg ratio is under one.

There are a lot of companies that have a peg under one right now. I don't know if that's uh entirely true for for uh fedex. I'm i'm happy to fact check that, though, because you could be correct. It'll just take me a minute to do that, uh and so we'll look uh and now just because something does have a peg under one uh doesn't necessarily guarantee it's a great deal because see.

One of the things that happens is, if you end up pricing in recessionary, pains which our market is nowhere even close to pricing and recessionary. Pains like this market is barely pricing in, in my opinion, uh a quarter percent rate increase and uh. It's very, very optimistic. In my opinion, right now, but that's okay, you know s p is like basically what within three and a half percent of all-time highs or something crazy, maybe maybe like four and a half percent somewhere in between there, but anyway uh.

If, if you had any bear market or recessionary dynamics that needed to start getting priced into valuations, then then peg ratio is the first thing. That's going to go right out the window, because your forward estimates could still on paper, be high, but those are all going to get substantially cut. You know for a couple years in the event of some form of a recession. Somebody here says i bet people are still using cash up yeah, maybe maybe i mean paypal, certainly wasn't an enthusia like something that was motivating to say that that would certainly be the case uh.

This is interesting. Yeah spanish, john, i agree with you. Spanish john here says a quarter percent rate increase won't do anything to inflation, which is fifteen percent of reality in the market, knows that yeah uh, the fed, is being really cautious here, uh they they do not want to repeat the 2018 mistake which was over tightening And they, you turned very quickly online, but you know who knows how bad are they gon na? Let it get then or or is it just gon na go away alone? That's the again. The best case scenario is that, like a company like qualcomm comes out today and says, hey things are getting better.

You know those are the sorts of catalysts that i'm looking for boycott cam paypal campaign. I didn't hear about that one. Maybe it was under the rock for that one uh visa did better than paypal sounds more like a problem paypal, possibly the the one of the reasons paypal blamed. Uh their decline was because of more of a return to stores and and that could help uh.

That could help visa a lot right. Do you have any idea how much adoption activity zell is being used compared to the cash app? That's a good question. You know that's something we could probably look up as well with the jpm earnings call or not necessarily their earnings call, but probably just their their annual report. So if they even disclose that stuff, uh, okay, so growth rate, see the fedex's growth rate plummets and - and that's that's one of the issues you probably have an average growth rate of about - i mean you know.

Current estimates on the street are are maybe 20 for 2021, but 10 10 to 11 in 2022, and then you go down to like four and a half percent for the next three years thereafter. So if i were to average that i don't know, what is that? It's probably like six percent average growth right you've got eps for 21 of 18 divided by 250 ish about so 250 divided by 18 gives you about a 13.8 times uh mult price, to earnings multiple right, but if their growth rate is an average of six. Well, now, all of a sudden, your peg ratio is actually 2.3. You know if you're, using the the growth rate from 2021 and you're dividing by 19.

Well yeah now it looks like the peg ratio is 0.73 right. So that's a little bit of a potential risk factor there and keep that in mind when you're. Looking at you know, financial analysis, it's all dependent on the forecast and if the forecast is wrong, uh or or something potentially changes to modify that forecast, any spreadsheet you make goes straight out the window, which is quite unfortunate, but that's what makes stocks odd? You know. Another thing that just drives people nuts, but it's it's a sign of the mega caps holding the market up - is just how well uh the indices continue to do like the s, p or qq.

You know the nasdaq relative to uh individual stocks that uh that can be very, very hot now. I do think that this is where you get your alpha right, seeking alpha right uh. This is your your above market risk adjusted return, don't worry! If that doesn't make any sense at all um you get good deal uh, you know look at this. I mean this is there's a substantial amount of pain over here you got paypal down 24 and a half percent.

You've got some of the momentum movers that were coming back to life like uh, a firm arrival uh and i know a firm had some momentum. It's, i think i do think it's below now fundamentals, but at one point when it ran to like at 170 that was insane the 120 to 170. Sprint was just pure momentum, but uh though 120 to 60 is just unfortunate. That's what that is, but um, but anyway uh, there's some serious pain.

Here i mean look at this you're talking about all of these here: 9 to 12 shopify uh. You know 9.9 percent here, etsy nine point nine percent, i mean basically everything everything that was hot and covey uh, the spax, the online retail. I mean look at wayfair wayfarers down more than fifty percent from all-time highs. Uh, it's it's insane, uh, just just absolutely insane! You know smile direct has had some momentum, so is a rival.

You know everybody's been like retweeting all the tweets in the world about oh yeah, your rival's, going back up, uh. Okay, i mean, and then it just takes a day like today to ruin the last two days uh. You know at least it's above the 2.9, where it was, but still i mean this is just quite depressing uh, and this does not help us affirm, not not to make a pun here, but doesn't really help us affirm that the market is is um. You know escaping these.

These lows that we've seen and look at this matterport 8.76 that used to be a joke. You know people like oh how low can matterport go kevin? I don't know, i don't know eight bucks and he could you know if things really hit the fan and that's like oh crap here it is um yeah, uh sofi, just another one. I mean come on seriously: 12 bucks and 22 whatever okay. Anything spackerland is just rubber banding back to ten dollars, with the exception of course, of dwack.

But then again dwack is just uh. You know you, you've got you've, got maga huddle. That's what i'm that's, what i call it the maga huddle, not that there's anything wrong with the maga huddle. Just it's quite a powerful huddle um.

What is the thing doing right now? Wasn't it like? 80 bucks? Oh my gosh! It's 79.99! No kevin! It's not! 80! It's on sale, it's 79.99! That's too funny uh anyway. Obviously the indices today are getting propped by google. So also do keep that in mind. You know for a for a two trillion dollar company for for a two trillion dollar company to move.

Seven point: seven percent you're talking about an insane uh movement, so uh, it's uh! It's it's important to keep that in mind, but it's it's quite wild. So people in texas are freaking out about the snowpocalypse. You know. The last thing we need is another storm, because that created a disaster.

Last year last year we had those storms in texas in february, and it was terrible. I mean companies, were, you know, pun under the weather, for for quite a while thereafter, oh wow, the dallas observer you're, not wrong. Look at this groundhog day when is groundhog day anyway. Okay come on with oh my gosh.

There we go there. We go ah groundhog day today's groundhog day, hey everyone, it's groundhog day, all right, so north texas temperatures to plunge as grid struggles to keep up. Are you serious here we go again, there's been a long-running joke about weather in the lone star state that you've probably heard your dad whip out during the lulls and small talk. If you don't like the weather in texas, wait five minutes: okay, wow uh, snowpocalypse 2.0! Could be upon us, sleet ice and snow is hit, is set to hit parts of north texas on wednesday.

Well, is it weather, dallas, texas? Oh right now it looks like rain. Oh my gosh there. It is look at that. You got snow coming tomorrow, uh! That's insane yeah, look at that winter, storm warning, dallas fort worth! That's not good! You know this was by the way.

This was terrible for the insurance companies weather fud. Oh it's just fun! Oh yeah, that's a good one, but anyway um. This was horrible for supply chains, it was horrible because you've got a lot of manufacturers out in texas. It was horrible for energy prices, it was horrible for insurance companies like hippo people got hippo got whacked, okay, hippo got destroyed because of taxes and the winter storm.

Last year, like they have a ton of their policies, i can't remember what percentage it was. I made a video about hippo and it was high, uh and, and one of the reasons i thought one of the reasons what i liked about hippo was that they were diversifying away from texas, but i also didn't think that we were going to see another snowstorm. The very next year, potentially i'm not in hippo right now, uh, but you all already know that uh anyway yeah, that's uh, that's that's wild! That is wild! Okay. So that's that's dallas.

What about austin? I mean that's not in the north. Oh, my gosh. Freezing rain is scheduled for tomorrow in austin. That's it.

Cyber trucks delayed major airline airlines issue travel advisory for austin, wow; okay, what's another one: uh austin, dallas, houston, oh okay! So it's a high of 70 degrees today, but then on friday, it's supposed to be 39.. What are you all freaking doing in texas? Oh my gosh, that's insane uh! You live 10 minutes away from the gigafactory. Oh, that's awesome, wow uh all right! Well, hopefully it doesn't do anything. You know it's.

It's uh, you know, looks like it's only like somebody says here at the comments, a day-long event, so hopefully it's not as long as what it was last year anyway, it does look like what's its name here, paypal is rising into the close. A little look at that you got a little bit of by the dip happening here on paypal, went to a low of 129 up to about 134 right now, a nice little run here into the close. I wonder if that's extending oh, my gosh did somebody pre-leak qualcomm or something or no, no qualcomm's, just up six percent going into earnings, probably because of the amd enthusiasm uh. It's probably not a terrible bet, depending on what the guidance is, how about uh tesla? Are we getting a little run here too nope tesla's down about three percent, at least until you get to houston with sustained lows kind of like the market? Oh no.

Thank you. Uh end phase down a couple percent. Today, trade desk trade desk goes negative for the day, so does cloud flare going negative for the day? Oh, this is wild dutch bros going negative. I thought they were green earlier.

No, i don't know that they were today a red fin. Four point: three percent to the downside: docusign 4.3 percent of downside arc uh down five point: two: seven percent and uh lcd is uh down almost eight percent, not really moving into the the closing here shift. Technology is down ten percent, a firm's getting whacked etsy's getting whacked up, starts getting whack uh arrivals, nine five, four, that used to be my area code, matterport, nothing before earnings, so fine, nothing draftkings falling into the close. This is just garbage.

Just put it that way. Uh, i wonder if this paypal little micro rally here, is actually going to go anywhere, we'll keep an eye on this, but it did look like you had a little bit of volume increase. You know what folks i bet you that was kathy. That's kathy's, coming in buying the dip.

Okay later y'all have homework. You're gon na see what kathy bought today and, let's see, if it's paypal, you know, she's got arc f today would be the day for arc f to go shopping. Just saying probably kathy kind of weird, but it is also a small world, uh. 954.

Of course that's what we used to say, uh, all right, all right! Somebody doesn't think she bought paypal all right, fine! Oh all, right! Let's look at some news before we get in here and let me quickly see what the suits are saying too, probably about square yo, yeah, what's square doing really quick squares down. Ah, it's not as bad as it was 7.9. You know it's a bad day when you're literally saying oh square's, not down that much. It's only down 7.9 percent - oh my god, okay, uh leap above bearish trend line could unlock more stock gains.

Yes, if we, if we can break our trend lines, but we have not yet uh, not all tech stocks are created equal, true, okay, uh! Oh, this is an interesting title, so the title is inflation easing not yet the rent is still too damn high. The rent is too damn high was a political slogan adopted by a new york city resident and became the founder of the party rent is too damn high. It's the rent is too damn high party. Okay, uh yeah home rentals, which account for one-third of cpi, are on pace to potentially threaten the fed's ability to control both inflation and the pace of rate hikes uh duh.

But people are worried about used cars. You should be worried about rents as damaging to the inflation physique of consumers as high energy and grocery prices. They pale in comparison to how high shelter costs affect consumer spending patterns. Last november, the new york fed consumer survey showed americans expected rents to raise 10.1 percent over the next year, the highest reading ever on record.

If a component that makes up such a large part of cpi gets out of control alone like housing, the fed will have to respond. That's not a pleasant prospect for most risk assets. Fixed income in particular bonds, aka, yikes, hashtag gentrification - is too prevalent too. Damn prevalent uh, you remember an snl skate on laurentis yeah yeah getting uh.

You know you see. These little runs into the clothes which has been a lot more bullish than the collapses into the clothes we've seen in a lot of um december yeah. You are getting like even tesla, some of the candle, it's still down three percent on tesla, but you're actually tesla advanced down tesla. Oh no! This isn't there's not tesla.

Where is it where's? Tesla? Oh there we go. It's still it's down! 2.6. Okay! There we go. That's a little better, so we got a little bit more green here.

Shift technology is not participating at all. Paypal stopped, moving up game saw squares, moving down, see, this is what happens. Folks, you get these little runs and then you hit these numbers and then you start hitting people's limits and then they're able to start selling off yeah google's, not moving google's, actually falling a little bit into the clothes arc, is rising at a smidgen apple's up a Tiny little bit what i wonder, i do wonder: what's moving the spot? Oh it's trying to break that's nice. Trying to i don't know if it actually will close above, we'll see anywho.

Let me see um what other potential headlines we have. We don't have a lot of time and we have to do earnings. Bridgewater executive says commodities are the most underused inflation hedge ooh mark zuckerberg turns to think tanks to sell the metaverse yeah we got ta, we got ta convince those people to like the metaverse hurry gather. Everyone round start thinking all right anyway.

Two minutes to go to the close: do have uh substantial sets of earnings. Today, it's like there was a cnbc article that got posted nine minutes ago about paypal, saying paypal's future prospects make it a a buy. Basically, oh, i wonder if it's another jim cramer pump, because yeah about it makes sense about nine minutes ago. The thing started running a little bit.

That's hilarious! Look at that! This was not a kathy. This was a jim cramer pump right there, which has immediately been dumped. That's terrible, sorry uh, but it's true look at the chart that that pump did not last long, ah yeah, all right. Folks, we got earnings.

We got big earnings, uh honestly, the most important thing that, if you're going to do anything today, that you should pay attention to is qualcomm er the most critical set of earnings. In my opinion for inflation expectations, i think facebook's going to talk up all their advertising from the holiday, but i don't really care. I want to know what's happening in this quarter. The forecast which google was was so rude and didn't provide us.

Oh my gosh, okay and then we do have mad report too right, yeah uh, who am i missing: allstate qualcomm facebook, spotify matterport. If i didn't say that yet for earnings, those are the ones that we got so qcom meta, spot, mttr and allstate earnings. Now. Thank you, oh is matterport.

Next week seriously, i thought somebody told me it was today. Maybe it was wrong all right anyway, let's get in here those small cap stocks uh are tracking to actually be negative on the day. So it's another one of those top heavy sessions. The nasdaq is now up 4.7 for this week.

Welcome to the closing bell, everyone and wilfred frost, along with sarah eisen and mike sanford, cbc senior markets, commentator investors uh now set for another huge hour of earnings. We'll have instantly yeah, i don't know. Maybe somebody can fact check me on oh t-mobile on whether or not uh matterport is today or not, but anyway, uh yeah. Okay, great! I missed my indices, readout! Well, fine! Then i'll.

Do this? Okay, dow up 0.63 s p at 0.94, a little shy of that full one percent and nasdaq up 0.15 with the russell actually down one percent: that's interesting! Okay, let's see what we got for qualcomm, that's the big one, i'm really excited for qualcomm and then, of course, we've got facebook coming up as well and uh. Somebody else saying matterport is today: okay, well, spotify is out spotify miss uh q1 monthly, active users, 418 mil versus 422 estimate. Uh spotify drops 12 after uh uh. The monthly active users misses holy crap spotify q4 gross margin; 26 26.5 premium revenue up: 22 uh.

Oh, my gosh, that's that's terrible 12 percent that fast dude. I couldn't even read it that fast. It already felt 12 uh. That was pre-programmed.

Then premiere. Let's see here, uh monthly, active users, uh total premium, subscribers 180 mil slight miss from the 180.2 expected no longer play. Oh spotify says it no longer plans to issue annual guidance dude. What is it with these freaking companies? Not wanting to provide guidance? Oh qualcomm, qualcomm beat uh forecast, good forecast is good, demand is accelerating, forecast is good wishes.

He had more supply to meet demand strong demand from android makers. Uh google said the same thing: uh. That is a beat it's a beat, with an adjusted eps of three dollars and 23 cents versus the estimate of three dollars. Forecasts coming in at 10.2 to 11 billion.

That is a midpoint of 10.6 billion, which is almost one billion dollars more uh than expected holy crap. That's really good! That's a really good boost on qualcomm, but they wish they had more supply than meat demand, wow, okay, uh. So a disaster on uh spotify with a monthly active users miss, but in terms of demand on these chips, more uh just more and more and more. This is crazy.

Okay, there you go. This is good news, supply chip supply, improving good, good, really good. That's what we want to hear. Finally, oh my gosh, i can't i can't wait to read this.

This is huge uh. Let me get okay hold on. It only gains two percent and after hours come on man uh. No, this is good.

This is so good qualcomm. How, how is it only up one percent? It is literally forecasting a billion dollars more and they're talking about. Potentially chip supply. Improving and here goes spotify down 16 percent.

Now you got to be freaking kidding me holy crap now, just because chip supply goes up doesn't mean we don't have inflation anymore, that's just the beginning, and so i want to hear them quantify this, but that is that is a. That is a start to good news. I'm happy about that! Uh! Oh! Let me i'm going to pull up some more doubt about that. But that's really good about uh qualcomm spotify is just getting wrecked.

Spotify loss per share was 21 cents versus the 43 estimate, but that user miss was bad. Spotify projects slow start to year after covered uncertainty, wow. Okay, quite odd waiting for meta smartphone chip sales are what's taking off, which is kind of what we saw at apple too. The adjusted eps at qualcomm came in at 323 versus that three we expected talked about that already wow a rip spotify yeah.

No, this one's getting busted uh licensing revenue forecast slightly short of consensus, but most of the q2 guidance beats the wall street estimates for qualcomm. Let me see if i could look up their press release yeah. I can all right keep an eye on that. We're going to keep an eye on meta and matterport right now.

Those are the next ones and allstate meta is just getting absolutely reamed, but this qualcomm is good investor relations qual. I can't believe they have one billion dollars more in the forecast. So let me see here: earnings, webcast or presentation. Let me look at their presentation and i'm gon na look for supply dude.

They didn't mention the word supply once. Oh, it's pictures. No, it has to be searchable. You idiots their uh.

Stupid presentation is not a searchable. Pdf document, how dumb is that wait now y'all are saying that qualcomm's going down. Okay spotify is down like 16.6 percent and uh q-com. Why dude qualcomm crushed it how's it going down? They they beat by a billion dollars in forecast, they're, saying good things about supply chains.

How could this go down? That is nuts? This is their uh their sheet here, uh, i'm just gon na. Do a really quick look here. I'm just trying to find anything that i can find you see: here's their automotive section, which people forget that they have anything about supply. This is all qualcomm here: key announcements, uh snapdragon chip, video conferencing, great.

Oh, i love the look of this look at how sexy this looks. Oh man, oh, i love this now that looks very lucid-like. Look how they're going for even bigger screen like full dash screen. Now.

Oh that looks juicy. Oh, i want that tesla. Take note. Oh um meta platform slums, sixteen percent, oh, what oh, their q1 guidance is scheisse, not good.

Oh, their q1 guidance is terrible. Their midpoint is 28 billion for the q1 guidance. Their estimate was 30.25 holy crap bad. Why uh q4 eps 3.64 cents monthly active users miss miss on the monthly active users, 1.93 billion? The estimate was 1.95 for daily active users.

Monthly active users was 2.91. The estimate was 2.95, that is a miss on the daily and monthly active users for facebook. The revenue coming in at 3.3, 33.67 billion, so revenue actually beat but bottom line. Eps missed bottom line - comes in at 3.67 versus 3.84 cents, uh medici's headwinds from increased competition for time, whoa uh.

Oh my gosh medicines, growth negatively impacted by apple ios changes wow. I thought they had fixed those - oh, oh, that's not listen to this one. Facebook is hearing from advertisers that costs are impacting budgets. Oh, i wonder if that's why google is not giving guidance because people are cutting advertising.

Remember when i said about my ad revenue on this channel, my ad revenue usually declines 15 from december to january. It declined 30 going into january. That makes sense, pinterest snapchat falling along with facebook right now it is a miss of gaap eps by 16 cents uh weaker than expected. Earnings here impacted by headwinds on inflation, oh uh, so let's see impacted by yeah uh price growth.

That's not good! Uh wow! Okay! I still want to go through the um details here on what qualcomm says about supply, but oh it's off what the hell look at qualcomm qualcomm's forecast beat by a billion dollars and it's down seven percent. Are you kidding me? How do you beat by a billion dollars on on forecasted eps and say that supply chains are getting better and drop off the cliff by seven percent? How do you, how do you pull that off? What happened? Google's dropping a percent now uh nvidia's dropping two percent: we've got uh, i mean this. This is this is a disaster. Why? Oh, my gosh spotify is down 22 snapchats down 14 facebook, 18 qualcomm now down 8.4 twitter 9.6 to the downside, pinterest 8.4 trade desk after running yesterday on good news because of google drops five point: six percent roku three point: four percent amazon: two point: six percent: Shopify uh is is down two point.

Six nine arc is down two point: three matterport's down three. I don't even know why. Matterport's in this holy crap, matterport hasn't even reported yet matterport's, just like yo where's, the party like not the party you want to be a part of, but the party you're proud of jeez um. What happened at qualcomm, qualcomm's, adjusted q2 eps their forecast is, is better than expected.

Uh, i don't. I don't get it. Let me look at their. This is stupid.

Let me look at their 10q, because this is just. This is absolutely ridiculous. Qualcomm investor relations. Why uh? It makes zero sense, qualcomm, uh financial information, sec filings uh 10q released today.

Thank you very much. Let's drop that into my document processor and let's search supply together here, because this this doesn't make sense, i'm not even going to wait for the earnings call. This is such a cluster f. We got to do this right now.

Uh risk factors, no, no, no no come on no uh come on. Where is it fiscal overview? First quarter uh? No! This is about an acquisition. Okay, here uh. This is management, discussion supply.

No, this is just an outline. This is also bullcrap. Give me the freaking stuff what is going on, while we and the semiconductor industry continue to experience capacity constraints. We have entered into several and we expect to enter into additional multi-year capacity purchase commitments with certain suppliers of our integrated purchase products.

In an effort to to secure commitments for future supply, which we expect will allow us to continue to realize benefits from increased demand for integrated products, especially chinese oems. Despite these realized benefits, there continues to be supply, chain, complexities and challenges that have prevented, and we expect will continue to prevent us from securing supply and fully realizing the benefits of increased demand. That's the headline was again god this, i'm telling you like. We were just talking about this in the course member live stream that that mainstream media is like is like trying to make everything feel like it's.

Okay, it's not. Okay. It's not! Okay, mainstream media knows that the retail people just want to hear we're going to the moon and then everything's fine, and then they get more views. You know everybody's talking about tom lee because he goes on cnbc every three days and says everything's great come on.

Man. Does tom lee pick up a single 10q man anyway, uh? Okay? So what do we have here? Uh, okay, covet supply chain supply chain. We know that uh we are unable to predict the extent to which the pandemic will impact our uh impact, our suppliers, fine uh multi-year supply chip, agreement with apple and began shipping modems in december apple, acquired, intel's modem assets and is developing its own motives. Accordingly.

Apple is expected to use its own modem products rather than our products for summer future. In addition, supply chain constraints within the semiconductor industry may further incentivize our integrated circuit customers to vertically integrate. Oh, this is bad. That's actually bad right there.

That's not good they're, basically saying the people who are buying chips from qualcomm might want to vertically integrate and make their own chips, because these supply chains are such trash and it it's not better uh similar okay, this is another risk factor. This is the automotive industry. Is subject to long supply or design time frames? Ah, okay, more risks related to supply. Okay.

This is more generic. This is like attorney legalese hmm, this might be better uh. No, this is also more okay here. Currently, the global supply semiconductor industry see.

This is where the money is folks. You got to read this stuff. Currently, the global semiconductor industry is experiencing demand for integrated circuits that exceeds our industry capacity to meet demand. Our ability to increase to meet increased demand for our products has been has been and may continue to be limited due to the inability to obtain additional manufacturing, okay yeah.

This is still a little bit more attorney legalese. I i liked it a little bit more. The management comment earlier uh because it was a little bit more human and probably accurate uh, because this just seems like they're, covering the worst case scenario. Yeah.

This climate change concerns; okay, oh got it cyber yeah. This is just more risk factor crap, but that management comment earlier was important, a lot of talk about supplying this okay, so the most important parts, specifically this capacity constraints yeah. We already talked about this uh. So if you care where this is, this is page 26 of their uh, their dock.

Oh man, what the okay, how? How is the dust settling it can't be that bad? It can't be that bad. Let's look! Oh my gosh facebook's now down 18 uh spotify is still down 19 snapchat down 6.6. This is after hours, qualcomm's still down. Eight percent dude trade desk is now down.

Eight percent come on man, uh matterport down another four and a half. There goes a firm down. Three percent: in the after hours, tomorrow's gon na suck, unless this crap u-turns holy smokes. What's the spy doing in the after hours, uh down about two-thirds of a percent, and you got qqq down uh uh down about 1.53 uh.

You know what i have to just quickly tell you that uh this this video is brought to you by today. It's brought to you by extra, which quick note and then we're going to go back to reading what the suits are saying. Okay, if you want to build your credit without potentially going into debt, go to met kevin.com extra, basically, it's kind of cool they they give you this debit card, which you can hook up with your existing bank accounts. You don't actually have to make a new account and you spend money on this as if it was a debit card, and then they lend you the money for a day for free and then pay themselves back from their account and they report it to your credit.

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I think that that is so cool, okay, uh jeez man. All right. We're gon na go back to the suits here in just a sec, um quickly, gon na look at btc. Of course, with btc we're going to look at uh ftx us, which you could also sign up for by going to betcham.com ftx us, but anyway, look at this we're down at 37.4.

We just we just can't stay above 38 on this one, which is really freaking. Annoying uh, okay, t-mobile actually did decently. It looks like on earnings. Let me pull the t-mobile earnings, because at this point we need some good news.

Allstate is still not out. Let me pull t-mobile really quick, which i think is team us. It is team us, okay, so t-mobile, okay, somebody is now telling me that trade desk is down 10, i'm about to vomit, that's ridiculous. It's not good! The advertising uh stuff like like, like i said i was nervous about advertising because of my youtube uh.

What i saw what i personally saw: okay t-mobile uh t-mobile comes in with 34 cents per share. Uh, it's a beat on post-paid uh phone revenues. They came in with 48.03 bill, my gosh, really they make that much money. Oh no! No! This is sorry.

This is average revenue per user, i'm sorry yeah, it didn't make sense for 48.3 cents per user as opposed to the estimate of 47.39 per user. That makes a lot more sense. I don't invest in the mobile companies. I'm sorry try my best uh.

They had more users added than previously expected 1.75 versus 1.6 expected. They are uh expanding cap x, more than expected up about five percent and after hours, their sales did miss a little bit 20.79 versus 21.09, but the eps was a big beat 34 versus 18 expected. I mean that's almost double on the eps, but they're ebitda forecasts missed so kind of like. I would call this a little bit more mixed uh.

It doesn't seem very clear here on on team us, but let's go ahead and look at this one. Oh yeah, there you go so so team is having a little bit of a little bit fun. Keep in mind these guys, though they're becoming a little bit of a uh of a flight to safety for some folks they're, because they pay the dividends. At least att.

Does, although i mean not a good flight to safety, it's been the last six months, given that it's been from 100, it's gone from 145 to you, know 108 dollars, but still uh. Some people are seeing them as like dividend plays and therefore maybe safer. I don't know i don't know about that. Dude facebook is now down 20.5 percent.

This is an absolute cluster f hold on. Let me let me see what else is going on here. Okay, that's just so bad! It is so bad for what they're saying about consumers at the same time as inflation is high. It's freaking terrible, uh, yep, facebook, parent company, metastock plummets on warning of q1 slowdown users stall four class falls short they're launching some kind of metaverse punk.

Whatever. Let's see if i can get a little more detail and we know the qualcomm good news was clickbait because we actually went into it. Okay here anticipates modestly increasing ad targeting and measurement headwinds from platform and regulatory changes, in other words again blaming apple uh. I really got ta figure out what is going on with facebook, though, because that is that's your consumer like if i'm to run ads somewhere, it's going to be on facebook.

Now, don't get me wrong. Google is good too, but usually facebook has been the place to go. Facebook owner meta takes big share hit as it warns inflation impact ahead. Are you serious? I i got ta see this myself hold on investor, we'll we'll pull it up together.

I'll show you in just a second here. This is that's not good uh. Let's just go straight to the 10-q, like we did with qualcomm, because all the stupid earnings presentations are just clickbait like just go to the actual s. What they're telling the sec? That's where you got to go all right: oh man, uh, maybe maybe they'll recover a little bit in the earnings.

Calls, though i mean if they say something good. I suppose all right, let's see what they say about inflation, uh matterport yeah did we get mad report. Yet, no maybe they don't report today. I don't know i just let me cal.

Let me oh hold on. If i go to evts, it should show up events calendar for matterport mttr. I can't i can't for some reason get it yeah, whatever uh. Okay, so i got ta focus on this, so there's only one mention of inflation.

What we are exposed to market risks? No, how do you only mention inflation once in here then? Where did that article say that meta talked about inflation pressures? Well, let me look at it sky news: where did where did they say inflation? I mean? Maybe maybe it's prices. I can look at prices, but here facebook's parent company meta has endured big hits to its share price after disappointing on several measures: blah blah blah blah uh, okay, the company, which includes instagram in its table of social media. Whatever said it has been informed by advertisers that surging inflation and supply chain disruption were damaging budgets, whoa no way. Okay, let me i'm just going to search the word prices so prices.

We actually have a bunch of results for so okay. This is irs liabilities, uh huh. What's here, what do we have here? Oh we, while we experienced a reduction in demand and related decline in pricing during the onset of the pandemic, we believe the pandemic subsequently contributed an acceleration of growth. Okay, good uh of online commerce, particularly during the second half of 2020.

More recently we have experienced more recently, we believe, wait. Okay, more recently, we believe this growth has moderated in many regions which, to some extent, adversely affected advertising revenue growth in the third quarter of 2021. Okay, we may experience reduced advertising demand and related declines in pricing in future periods. To the extent the effects of the pandemic subside, which could adversely affect our advertising revenue, do i have the right document here.

Is this the last quarter hold on oh idiot? This is the last quarter hold on i'm like they're reading this, like they're, going through history. Here this was the most recent one on their website come on man i mean you can't blame me. It's literally the most recent one here, but it does say october come on folks. Don't do this to me.

Come on give me what i want um. Let me try again earnings slides, oh yeah, it's because they didn't post the sec filing what losers see. Look on the left side, there's! No, there's no sec filing it's just whatever. Let me try the html.

What is this press release? Okay, so here's a 12 pager inflation. Ah there we go there. We go second, oh hold on. Let me put it over here.

It's gon na be a little easier. If i do this one sec, because then i can write on it. There we go okay. So this is the facebook press release? Okay, why don't they release the sec filing? Second, we will lap a period of strong demand in the prior year and we are hearing from advertisers that macro economic challenges like cost inflation and supply chain disruptions, are impacting advertiser.

Budgets. Ooh so they're blaming both apple uh and the ios changes, regulatory issues and inflation over here at uh at facebook. That's not good, that's not good, because we don't expect that to get better. That's the problem! Is it's not just next quarter.

It's now facebook's, basically saying hey: if inflation stays high, people are just going to advertise less with us. In other words, we're left is is what they're saying i mean not really, after still making money hand over fist, don't get me wrong right, but but less people are now using facebook because of listen list, increase competition for people's time and a shift of engagement within Our apps towards videos like reels, which monetize at lower rates, that's true on uh on even youtube. The shorts are garbage in terms of monetization uh, but um longer form content does better the live streams. Actually, don't do too well because, like usually you don't get ads while you're watching it live uh, but that's it doesn't matter.

I love doing the live streams, so uh, okay, how is toast up is that a glitch? How is toast up five percent? That can't be because everything else is getting obliterated. Let me look really quick if there's any toast news, because that don't make much sense toast. Okay, toast is no there's. No, it's just volume rising.

Okay, yeah, there's! No news on toast. Okay, so looking at the actual sticks here, it looks like facebook is: oh, my gosh, 246 down 22.6 holy smokes all of the recent gain. Oh my gosh, this lot. This is going to go so low, yeah right now.

The order book is showing volumes at about 250, so it's going to go down to 250, which is going to put it over here at okay march of 2021 pricing, so you basically gave up a year of potential growth here on facebook wow in one frickin day. Oh, that's like paypal. I wanted paypal was the the red hair or the warning here, paypal dropping even more. If you bought the dip on paypal, it is now down uh.

Oh my gosh. Look at that. It's it's falling! Even more is it. People are advertising less.

Then what is that? What does that mean? Less advertising? Less people, probably spending money? Oh my gosh matt reports down eight percent in after hours. What hold on did they report uh mttr? What the heck is happening? T-Mobile supposedly did well, but i thought their earnings were mixed. No there's nothing on on matterport, but yeah t-mobile reported in case you're wondering about t-mobile yeah t-mobile's up 7.63, i'm gon na. Add them really quick.

Here there we go so t-mobile's up, whoa whoa, look at amazon's, accelerating decline here, oh no! This is what i didn't want. I don't i don't want the economy to slow down. It's bad. You know people are like.

Oh can then, but you're not in the stocks. Why are you sad because it's bad for the economy, you know? Well, if you need a mental support group, i suppose you could always join metkevin.com join. I think i'm going to change the back half of the url to like mental health, because this sucks - oh my gosh, okay, let me let me keep seeing what what the news is from the suits, because i i mean this is this is insane: how does trade Debt: okay trade desk is recovering. It was down as much as 10 percent hitting a little bit of a bottom here at 61.50, so we finally hit a little bit of a bottom on some of this.

This pain that just happened here qualcomm also bouncing okay, good. All right so we're getting some bounces off of these crazy levels here. It just goes to show you, though, how insane this market is uh, even google's still down about two percent uh, it's back under 2 900, which is just nuts and qualcomm, did really well, so they should not be negative uh. I don't know if they just went down because they're sad because of facebook, or something like that - i don't know visa - is going down facebook's, trying to recover facebook trying to hit a bottom here at uh 246..

We got about three or four candlesticks up now and then you've got what else you have here: apple apple, dropping about .61 on this, these earnings calls are gon na, be very interesting stay tuned for my video, if you have not watched my video this morning, yet About the google lie and the paypal crash, you really got ta watch that video and i would just sit down, put it on 2x. Listen to it, buy yourself youtube premium for ten dollars, listen to it on 2x and just go on a walk. Okay but like you got to watch those and then i'll do the same thing again, if you like that for for the earnings that we're going to get today, it's a lot of work, but i'll do it uh, because i i spent quite a bit of time On each of the companies, okay, so are we? Are we bottoming here? No snap is down. I always snap down 19.9, because snap didn't is just because of facebook.

It's just sympathy. Snap didn't even report uh qualcomm talking about a 30 year-over-year increase in q3 gap eps. So now they're talking up uh longer-term uh growth. So maybe that's why they're moving again a little bit still no news on matterport, we have uh spotify uh the week forecast, definitely hurt.

We have all state okay allstate. Mrs estimates, allstate uh, all uh uh gaap. Eps comes in at consensus, but it does look like they're adjusted eps missed by about two cents. However, their sales beat so they missed on the bottom line, but their sales beat.

Okay, that's interesting, see allstate's gon na be a really interesting company to research. In terms of uh, what they think about inflation pressures because uh, oh yeah, adjusted eps comes in at a miss yeah, because they'll they'll tell us about the housing in an auto market a little bit or they should maybe they won't. I mean who knows. Sometimes these ceos just talk about whatever the hell they want to talk about so but snap.

The only reason snap would be going down is because of facebook, and i know that sounds like a duh, but twenty percent on a sympathy fall like. Maybe if it's down five percent on sympathy, but that's insane, but that's also what's happening the trade desk and the other advertisers and remember folks: google had great results, but they did not give us a forecast, they kind of lied. Well, it's not really. Well, i mean watch my video on it, uh yeah, whatever uh, okay, like look at this, we we're we're not even able to get off facebook can't even get it up anymore.

I mean it's it's it's now sitting at 22.7 down. This is this is terrible! Uh snap on pure sympathy is down 20 spotify which missed earnings is down 16 pinterest on sympathy is down, 10.5 trade desk is still stuck now at 9.3. Matterport didn't even report and it's down 8.2 twitter didn't report. It's down.

7.7 uh shopify didn't report. It's down! Six percent roblox is at 62.50 cents uh. That's nuts etsy has been getting killed all freaking day long and now it's even lower, i mean what's etsy at now, etsy's at 132 it was down nine percent on the day and another four percent in after hours, a firm's back to 58 dollars. Arc is back to 70 dollars.

Uh robin hood is almost at 1337, which is a cool number in itself, but not where we want it to be. Uh smile direct drops another five percent. The this is is tesla being affected by this, for the autos sofi is down three percent door dash down tattoo chef down uh quantum scale i didn't even know quantum escape was still on my list. Sixteen dollars, my goodness neo uh, is somewhere over here.

There's neo a couple uh, almost three percent to the downside. Google drops about two percent. I don't think tesla's really getting hit, but i could be wrong by that. I see tesla no tesla's down 1.4 percent on this.

It's at 8.93, yeah, uh and end phase is down two percent on this. Look a weak consumer. Anything that points to like. Let me put it this way: the absolute atom yeah anyway, the absolute worst uh thing that this economy could face.

I don't care how much you think. Tesla is amazing, which i agree. Tesla's amazing, the absolute worst thing that could happen to this economy is uh, consumer spending declines, because people finally say fu. I ain't paying the prices, but inflation ends up still being high because of housing and rent, which hasn't gotten any cheaper and, and then the fed is is, is a you know in a rock and a hard place where we end up going into a paper recession.

The fed has to go ape on on on raising rates and and then they force us into a real recession. Okay, meta, finally recovering a little bit here, good, i i mean what's a recovery when you're talking about one percent up on on a 21 loss, did paypal go down even more? It did yeah.