The pain is back. Welcome, welcome back to another closing, live well uh, another beautiful reversal. It came a lot later than expected today, uh this uh, usually in the morning, we'll have a brief little look at some green and then we get a reversal pretty quickly today. It looks like we had green most of the day, only to see pain happen thereafter in a rotation down thereafter.

Take a look at some of the pain that we've got in the markets today, starting of course, with our indices. Let's go see what we have here. Uh, oh yeah, look at this, so we've got big reversal. Nasdaq was up as much as two percent, and now we are down half of a percent uh russell 2000 down 0.37 s, p down 0.42 dow jones industrials down two two uh.

It does kind of feel like a rug pull. Doesn't i see your comments here? This is quite funny. Uh yeah, quite quite dramatic. Let's go ahead and see what's happening in bonds here.

One point three: i'm sorry one point: eight three three oil well actually down right now quite interesting, and then we hop on over here to uh to take a look at what's going on on some of these stocks. Of course we did. I did a video on peloton explaining what's going on with peloton, we uh so you're welcome to watch that to get some update updates on peloton, but look at arrival folks, my goodness almost 12 down, we do have netflix earnings coming in today as well. So, actually, i believe that's today.

Let me just fact check quickly here. Let's see what we got here: earnings calendar keep in mind kathy wood. I looked also sold out of her peloton uh once at 86 and then at about 56 yeah. Today we have netflix earnings.

That's going to be big, uh, okay, netflix there we go so netflix earnings will be out in about 23 minutes and so actually might be a little bit more than you know. It's scheduled for 23 minutes from now, so we'll see what's going on with netflix yeah, i'm gon na find out what's going on with arrival here. In the meantime, let's listen to sarah eisenhere 22 sales forecast to 7.78 billion. That's 300 million more than the high end of its prior outlook, which was also raised, shares initially popped, pre-market, seven percent they're now down seven percent joining us is jenna drossos.

The ceo of cygnet welcome back jenna great to have you great to be here. Sarah thanks! So much it's a little low there we go super strong, and i mentioned you raised in december you're raising the outlook again. Clearly the consumer is in a good place, but your strategy is also working talk about why you are seeing these better numbers than you had. Even expected: well, i think it's a couple of things: we've been on a transformation journey for the last four years, a cultural transformation sales pitch jewelers excited to transform the jewelry business.

Okay, all right! I think the transformation is look, we'll, sell you jewelry through zoom and then come in and pick it up. Curbside all right, let's see what's going on here with a rival, because that's that's the big one. Why i mean we talked again about peloton, that freeze on production is crazy and it's going to do some bad things for the psychology of peloton owners, not so good inventory blowing up all right. Let's see what arrival has for us so arrival in terms of news here, why is it down 12, okay, shareholder alert? Okay, just reminder: class action, uh, arrival, shareholder lack, encourages investors and arrival with losses more than a hundred thousand dollars to contact the firm blah blah blah announce this class action on behalf of shareholders.

No, this is this is just okay. This is news from yesterday later in the day yesterday, that's kind of just reiterating today, just another classic kind of lawsuit against a newer company. You get these all the time as soon as you get a spec or a newer company that that uh ran and then plummeted. These uh companies file these class action lawsuits against the companies, because it's it's easy pickings.

It's like you got plenty of claimants when it's doug, plummets, uh wow, look at this you've even got shift technologies, rotating uh rotating down; another five point: four: six percent rhythm down: six percent: oh toast and tattooed chef and matterport down about four yikes, even nvidia. Three percent on nvidia whoa amazon amazon's getting getting ready to break under 3k, again etsy 160, a firm 63. nowhere near that bottom. They hit uh earlier today, which was really funny the uh, the the oh wow.

Look at this docusign sell down what a terrible day just most of the day, just down down down, but uh this morning on a firm when that news came out on piton, i ended up buying dip and my order went through at 6002 300k at 6002., which, If you look was right about there, like that's some pretty solid timing right there, that that was awesome. I like buying that dip. Well, i want to buy more of those sorts of v-shapes, especially the the larry kudlow v-shaped recovery. Uh.

Then, let's see lucid lucid's only down 1.8, so why is rivien down so much? I i heard they announced that they delivered over a thousand vehicles, but i don't understand why they'd be down so much. Let me see here ribbon see we got all right news. Ford is back, but stock gets another downgrade. Okay, that's ford! What about rivian electric uh vehicle tsunami to hit the market? No! No! Uh! No news about rivian! There's more news about ford.

When i look up european than there about uh central bank federal reserve, that is uh released, a paper on central bank digital currencies honestly was really boring. Uh i mean quite frankly, they didn't really go into depth. They just gave like a very generic outline of risks and benefits and then said: hey, if you have commentary, send us your commentary. It was just like 40 pages of wow.

That's ridiculous. I mean nice scalp from a firm sold puts today. Sole puts are probably very nice right now. Yeah, just because puts are very, very expensive, and so usually when the market goes down, puts become very expensive and when puts become so expensive, you can really farm those sold put yields may as well.

Okay, let's see what we got okay late session sell-off they say. I wonder, i wonder why. Let's see, let's see what we see here: consumer discretionary materials leading declines, amazon lags the most on a basis point out of the megas geopolitical jitters are ramping up with the u.s approving the sending of three baltic nato members uh, sending military weapons made by america to The ukraine, oh my gosh, you know this is just what you need is is more fud and fear about everything. That's going on right now, it's china's evergreen! Then it's then it's uh invading ukraine and then it's uh inflation, there's so many boogie men out there uh.

She has shift technologies in the small caps, i'm not in right now, but i'm watching them for the bottom. So that way, once once, i feel confident that we hit the bottom, but then really get multiple confirmations. After that, above certain thresholds, yeah shift will be a rebound play, but for now probably become penny. Stock kind of sucks seems like there are a bunch of ackmans in the chat.

It's probably all him on spam accounts. Hmm, oh, don't forget. China will invade taiwan as well. We don't need that food yo.

I thought i slept enough yesterday. I just think i didn't have enough coffee today and you know what happens when you don't have enough coffee, then uh. Then then it all hits you a little harder, but that's okay, i'll just i'll just drink it through a straw here uh here you know what, while i do that we can uh, we can see if kudlow's got anything to say for us, given that cnbc is On commercial, oh, it's clement countdown! Here we go! Let's listen for a second here, while i slurp this coffee quietly last year was cleared of criminal charges, uh for trading stocks, uh, allegedly based on confidential briefings. He got pre-pandemic.

I believe he was selling uh hospitality stocks. As you know, house battalion stocks got crushed during the initial phases of the 2020 lockdowns uh. He sold them uh. He convinced he and his lawyers.

I should point out convince the justice department that a criminal case should not be brought uh. Why? Because uh, he basically argued that a lot of this information was getting boring. All right. Somebody says head hedge they've been calling.

What do you mean they've been calling uh they've been calling three quarters of deflationary economic macros? Oh, why didn't my friend there we go uh what uh? Let's see what they're playing oh yeah? Okay, i've seen them before i'll explore that look at twitter, twitter, 42, man. Okay, i will see if we can pull it up and then we can comment on it. Let's see here, fed's white paper on cbc's yeah, i read it boring live shot of peloton shareholders. Oh i got ta show you all this one hold on.

Let me pull it up, it's actually a good one hold on. Where is it there? You go retweeted, not jerome powell. Look at this live shot at peloton shareholders and it's the peloton ad. That's funny peloton to sell nfts and bikes.

Oh, my gosh there's so much ridiculousness, oh yeah, yeah yeah, it's wild times all right! So, let's see here, uh people posting graphics from bloomberg, goldman 42 macro what yeah? Let's try to find out what y'all are talking about because i'm not seeing super exciting things. Well, um super dramatic things: yeah vix ratios darius dale, the telltale sign of the impending non-collapse, high-yield credit spreads, have barely budged year to date, despite all the residual pain caused by the rotation of the stock market. We could see an uptick in postopex, but if you put, but you must buy the baseline okay on the cpi, read yeah, i don't know i'm looking at some of y'all's recommendations here, i'm not seeing anything super entertaining. Let me uh, though, go ahead and look at the back end here see euro falls to french multi-year low prices to rise as vibrous virus disrupts meat industry.

Oh so chipotle can raise prices. More earnings beat provides shelter from market storm. The s p has rallied 80 percent of all time during prior earnings seasons. The reporting cycle so far isn't shaping up to be one of them, but as bad as things may look, the season still offers solace to equity bowls.

When companies delivered earnings that crushed wall street estimates, the market rut has steered clear of them. The results are out for about one-tenth of the s, p, 500 firms and so far those have surpassed profit forecast and have been rewarded like few times before. Earnings beats have, on average, outperformed the s p by 2.9 percent a day after the results. Yeah we'll see if we end up getting bailed out by tech, earnings and then netflix can be big.

You know netflix comes out in 11 minutes and that that should be pretty juicy juicy. I can't really say that anything right now is like substantially undervalued uh. I think there's just so much so much fear in the market that just like every it's, the everything sell-off the everything bubble. Oh yeah yeah, all right, let's see how things are falling into the clothes just what we want more of a buying opportunity.

Oh dear, the buying opportunities get exhausting shift, whoa down to two dollars and 21 cents. This has got to be all-time lows. Yeah, it is oh could you you know what what really is crazy is. Could you imagine the uh uh? What's it called it's time to wear the mario hat yeah? Could you imagine the psychological impact of these stocks going down on the employees who are paid partially in stock base comp, not good hold on a sec? Here we go.

This will be a little bit more appropriate for the market. There we go. You know when the day's mixed you get the u-turn, you get the waluigi u-turn, but then you get red turtle shelled. Oh man, it's just like whatever stocks you own, you better hold a banana out like hedge, because uh you're about to get red, total shelled and then you spin out and you slow you lose place and pace yeah.

It's a mess! Oh dear, all, right! So look even in video, i mean that just blows my mind that nvidia plummet here i mean this is a nice one too. Look at this. We could draw this pretty consistently here. I believe, let's uh, let's do a couple things here: let's why don't we throw on uh? First, let's see if we can get a trend.

Uh close, i yeah. I know yeah yeah, all right, we'll see uh and then let's throw on a fib here. Hmm, the question, though, is from where let's grab the last bounce off the 100 and maybe go from here, yeah well uh from from the bottom up that is from like right here, around 197 grab that up to the intraday top so where's our retrace. Are we seeing a retrace? Well, we hit that 50 level pretty nicely.

It's almost a triple bounce off that 50 level, and we initially sat at that about 23.6 level. A little bit sat at 38 level, a little bit fib, not bad. Actually, right here. Look at that bouncing off the 23.6 right here, just not a bad little guy.

So does this mean we potentially retrace back down to 200 uh yeah? That's literally what it could mean. You know another one that really follows. The fib well we'll see, is ada, which i know isn't a stock. It's a crypto, but it's another one that's been doing, has been pretty consistent here, yeah, okay, but it's it's found its new little buddy over here.

This uh this lower over here the 102. But i mean that's: that's a pretty nice bounce right there. You had a little bit of an intraday breakthrough, but you never got that solid confirmation of a breakthrough and so you're bouncing back off on the day chart not uncommon, uh, so sophie trying to push back up here at the whoa. Look at the bounce.

It's perfect! Oh, my gosh, you know and then you always get the the losers in the comments who are like yeah, draw enough lines and sure enough you don't bounce come on. Man like this happened. While i was live streaming, it's not like. I i saw the bounce and then somehow added it that's insane.

I mean that is a perfect picture. Freaking perfect bounce uh that 1470 line. It's consistently been quite strong. In fact you just zoom out over here i mean why would you not want to buy under that 1470 line right here i mean look, how little, how rarely we are uh uh below that 1470 line here, and i only have three lines on here, and that Is a bounce on the minute chart which is insane uh what uh, but but then again you know things can break like c3ai.

Had a brief line broke right through it, i mean broke through it. So hard. Look at that see you had the brief building of a line here with a bounce bounce bounce uh over cell come back near bounce, but nope didn't care just kept on going uh yeah, yeah, yep, yep yep super common, more bad press about blackrock wall street purchasing, Single-Family homes and government encouraging them to do it. Well, you know, i don't necessarily think there's a horrible thing about investors purchasing homes.

You know a lot of investors can buy homes, fix them up, bring them to reasonable levels of safety, uh and quality, and and end up selling them to home buyers. When a lot of home buyers couldn't take on fixer-upper projects or have the skill or the know-how or time to do it uh, so i think there's a benefit to this, and it's not like you're taking family homes, away from people who want to rent uh or Live in these homes because they come up as rentals right, i mean it'd, be one thing if like corporations were buying a ton of homes and then leaving them empty, that would be scummy right like that, would be so lame because now you're, just literally taking inventory Off the market and there's no chance that it ever comes on the market uh, you know a 40 ish percent of our society, rents, 37 to 40 percent of our society, rents, so yeah yeah rental homes, but uh no blackrock is buying them and renting. No blackrock is buying them and renting them up they're driving up the price yeah. I think that's.

The big argument that's made is that oh, but because of this they're driving up the prices because they're competing with home buyers, this is true uh. That is true, uh. The more investors compete for purchases, the even if they do eventually rent them out uh the more prices do do go up. You do have that competitive push too uh, and even if it's just preferential right, even if sellers are just like well, i'd rather just sell.

Those investors just giving me cash and i don't have to deal with the home buyers, appraisal or their home inspection and all this other crap that nobody really cares about in the institutional world, then uh then yeah. This is true. You you do face those sorts of problems, but um anyway see this is the kind of drama uh here. Look at here's a it's inconvenient to pull this tweet up really quick, but here's a stock account that a lot of people follow fx, hedge and uh.

They just tweeted fed could hike next week, keep options open. Of course they could. They have to finish tapering first, though uh, but it's it's that fear that oh no, the fed could hike sooner than expected or air near the fed might go for a half point. Increase, usually they don't rug pole us, usually not uh, they they've been pretty transparent, that's not to say they were right, but they've been relatively transparent, uh.

I i almost think, but i do think their december meeting was was overly bearish and we'll see. We will see all right, so what else is going on in the indices here? Why is there pain? Why is there not pain, you're, probably gon na see this until at least the fed meeting. That's my expectation, people like kevin. When is it going to stop? I don't know hopefully after the fed meeting uh fed meetings next wednesday.

Six days from now, we also get test vlog, tesla earnings, uh, but you're down one percent across the board here volatility index up to 25. 25.75 uh. Now i know uh there's been a lot of uh of continued sort of dipping and such here but uh just as an example, if uh, if you're ever wondering just as an example, what, for example, the buy sell alerts would do for you in the stocks and Psychology money group i mentioned earlier in the stream that i bought a firm right here at 6002 is is when i bought right in this dip, and then i sent out uh at the same time, the same like 20 seconds, sent out uh an alert like hey Selloff here buying it uh, you know it's there's no guarantee in the short term, you're gon na make money. There's really also no guarantee that in the long term, you're gon na make money.

But in my opinion, you you take advantage of of little pain points and even if you're picking up three four dollars here or you're, just building out a shared position, sometimes for folks who can't sit in front of a computer screen all day long. Those alerts are nice, so remember you get lifetime access to that in stocks and psychology and money group uh. I always like to say the proof is in the pudding, so there's the pudding uh anyway. So this is what i bought.

You could see the time. I don't know, does it show the time? No, it just shows the date, but it shows you the price, but anyway uh. It's just little things like that. Uh again no gear, like i can't tell you what's gon na happen in the next 30 minutes or the next hour, but i do like to build out my positions and right now.

I think there are phenomenal opportunities to build out on firm, see if what's happening with, the firm is one of the things uh people are concerned about. Is that sell down on uh on a peloton potentially not contributing as much if peloton used to contribute as much as 11 recently to a firm's revenues which we expect to go down substantially? But but that that's expected to be? Okay, because it should be offset by massive new partnerships over at uh amazon. Even i see them now at best buy and walmart and target. I mean they they've gone everywhere: they've exploded in the last six months, where they are so pretty optimistic, they're about earnings, but first we'll start with the bell and then we'll go ahead and see what uh netflix has to say for us i'll, also pull up the Expectations for netflix right now, but in the meantime, do check out them.

Programs on building your wealth link down below coupon expires in eight days when it's my birthday, a long way from the highs, as the bell rings, the s p 500 and the nasdaq both down more than one percent, a dow down 0.85, just an ugly turn with Stocks closing at just about session lows and down 1.3 on the nasdaq, welcome back to closing bell, i'm sarah eisen, along with wilfred frost and it's so much more pleasant when she reads out what the the losses were. That than me, i don't know in my take uh but anyway, uh russell down 1.88 nasdaq down 1.3 percent s p, down 1.1 percent down down 0.9, not quite uh uh that one percent okay folks implied move today on netflix eight percent. The average move on netflix is only three percent. The implication is 8.31 on netflix.

We are looking for eps adjusted of 0.883 and regular eps of 0.81, we're looking for revenue coming in at 7.71 and we're looking for a net of 457.. Let's see uh, let's see if we end up getting it. This is a big one uh. I think this is really going to set the stage for tech earnings.

Okay, it's out. Uh revenue comes in uh, okay. What is this hold on? This is streaming paid. Customers beat 8.28 million customers versus 8.13 expected, that's a beat.

We've got, uh eps comes in at a dollar 33 holy crap. What why that's really good, but the stock's actually sinking? Oh, my gosh, the eps came in really really good uh. That's amazing! Why? But it's hold on uh one no no hold on a second here. I don't know if they're messing up or if i'm messing up, maybe the eps read was not right hold on a sec because the stock is going down.

Let me try to get. Let me try to get info on this. That's not good good beat on the members. I don't see prior analysis period overview.

I don't know what happened, but it does actually look like now, they're saying the s that the actual eps q1 estimate was three dollars and 37 cents. They only came in at 286. So that's a miss on uh on the eps, but they had substantially more streamers than expected. Uh well, not substantially more.

They came in with 8.28 million versus 8.18, but wait a minute. This isn't good uh the forecast. The outlook is not good for new memberships. Okay, that's not good, so that's potentially a huge pull forward.

That's gon na hurt disney and the other streaming services too. Okay yeah! This is not good, so q1 uh estimate, let's see here, see okay. This is the forecast, so the forecast for q1 is that they're going to add two and a half million users and the estimate was 6.26 million. Oh the stock's down eight percent right now, oh my gosh yeah, the eps is really confusing.

I don't i don't understand. What's going on with the eps, i got it, i figured it out. I figured it out. Okay, uh, that's my fault! The way i read it off, so i was right about both of the things that i said, but i explained the numbers incorrectly, so the eps expectation for q4 uh was 0.81 and for q1 we were expecting.

Let me use a darker color here for q1. We were expecting 345, and so this is the forecast right, because this is forward. So this is the forecast here. We actually ended up with 286 right here, which 286 on the forecast is a decline of about 18 percent under forecast.

That's not good uh! Also, the forecast on operating margin 19 to 20 20. The estimate was 22, that's also not good, so yeah. This is. This is actually very bad uh and that's my fault for getting confused between the cube.

You see they they're. Writing it like crap. Here, honestly, just the way it's coming in okay, the q1 eps came in at a buck. 33..

I'm sorry, q4 see i'm so sorry, i'm confused! That's why i'm writing this down. Now again, this estimate for q4 beats substantially 133 versus 81 cents. That's a 64 beat right here, that's good! The problem is in the forecast. Folks, that's the problem here and that's not going to be good for the market, because the market is going to be freaking out about the idea or the implications that oh no.

This is, this is a big potential negative headwind for the economy. Like is netflix, potentially the bellwether of of people, not spending money anymore of of people turning inwards, we already have enough fears that maybe there's going to be some form of a recession. This is the first of the tech earnings uh. This is a.

This is a disaster. If, if this is the beginning, uh it's a disaster uh, this is the beginning of earnings. So uh again, like i mentioned, do expect other streaming. Uh style plays to get hurt on this.

Uh peloton usually gets hurt on this, but peloton got hurt enough today, so they're not moving. Peloton usually has consistently in the past gone down on news on bad netflix news uh. You probably have dizz going down yeah. Oh yeah disney not happy, but it makes sense because you're kind of like previewing what could potentially be coming for disney uh via netflix right.

So if we look at let's see if crypto's moving on this uh, not re well, that's a day chart. No, no, not really so far down about 0.93 here in the afters. It's really playing this line here, which is not highly unexpected for so far uh roku matapor lemonade, these guys down a little bit here in the after, but but it might be too early to actually tell anything for oh well. Roku makes sense that roku's down uh matterport usually does not have a lot of volume in the after hours.

So you see a lot more volatility there in the after hours. I usually don't pay attention to that one of the after hours because of that but uh roku has uh. No roku doesn't have much volume either. Oh just a few thousand shares here, but anyway roku tv streaming right and if netflix got burned, that's probably not good.

For uh for for um roku, let's see spotify, let's see if they're moving spotify yeah rotating down as well yeah. It looks like in the after hours. They are down yeah down about 1.1 percent, but that netflix crash holy moly. So again in case you're wondering why is this happening at netflix uh, it's down just over 10 right now? The easiest summary i could give you is.

Is this sheet right here and let me just take an orange color here or whatever. So the expectation for q4 was earnings of 0.81 cents. They came in with a buck 33, which is a nice 64 beat that's good, we're happy about that. That's very good! The problem folks is here.

We are expecting a to a 3.45 eps for q1. We ended up with a forecast of 2.86. We also ended up with instead of 6 million subscribers expected for q1, like only two and a half million expected lower margins, so less money, less subscribers, less margins, bad bad, bad, everything, just bad, and so it's no surprise that things down 11. On that news, it's bad! It's just not good news! Yeah! Let me see what other news there is here.

Well, that is not good huh. Why? What i want to know, though, is why uh is it? Is it because are people done being at home? See that's the thing like: are people just spending less money at home and more money out and about because they're over covered and they're they're done with the you know, the the pandemic? That's possible does not necessarily have to be a bellwether for all stocks. But oh look at that. Look at this red ring.

Oh wow! Look at that it was so i was getting a headache i'm like. Why is my head hurting? Oh, my god, this hat is killing me. Look at that! Oh man, uh anyway, uh yeah, locked a coveted reversal, play absolutely jolly. I think you're, absolutely right, quick reminder if you like how i can put the comments up on here.

Stream yard go to metkevin.com streamyard to learn about professional broadcasting software. It's pretty amazing uh! Thanks for becoming a member here, prof kg lockdown trades are dead, probably people losing jobs and can't afford it. Yeah the unemployment claims numbers did come in higher today. We're wondering about the seasonal adjustment there, but um, it's so weird, because there's so much demand for labor right now.

Uh, let's see here, people are getting your courses on growing your wealth, so you don't need netflix, hey! That's one of the things we actually talk about. Cutting out is netflix, that's true, uh. I think the market is saturated. Everybody already has you know.

Blau could be right here i mean, if you think about it. It's like hey, like there's a limit to how many people you can add, like the people who are gon na, buy netflix, bought it during the pandemic. Right so i mean look if netflix is a bellwether for what's to come for for tech, we're all about to get a massive haircut or whoever's actually in the market is about to get reamed and uh, and there's no money left to buy. Alternatively, netflix is either potentially one-off or it's some form of its own uh disaster.

As we've mentioned here, a coveted reversal play saturated everybody who wanted it. Has it uh? Maybe it's it's uh too much competition for netflix now, yep, that's true, uh netflix is boring. The series are too short as well: canceled, spotify and netflix kept youtube and prime. Well there you go okay, uh, it's okay to buy, puts we want one.

You know the time to buy puts was when i was shorting the market and everybody was making fun of me for shorting. The market that was the time to buy, puts right now puts are very expensive but hey. You know you get a fall like this. Maybe uh okay! Well, let's now jump on over and i want to see if there's a little bit more okay, we're now almost 12 down on netflix, with about a four percent decline on disney.

Oh that's, crazy too! I just sold out of the rest of my disney earlier today, uh to to fund some other purchases. I i traded into a large set of new options about one and a half million of new options, and i sold some smaller positions and uh diz was one of those that i sold so netflix board to recommend declassifying of netflix board to recommend declassifying of board. Removing super majority voting provisions. Uh we've got i'm going to see.

If i can get some more details here, netflix did not engage in share repurchases in the fourth quarter. They funded the acquisition of some company with cash on hand, netflix anticipates being cash flow, positive, free cash flow positive in 2022 and beyond. Okay, okay retention and engagement remains healthy. However, acquisition growth quote has not re-accelerated to pre-pandemic levels, so acquisition growth, not they're, not even saying it's down from the pandemic, they're saying it's not back to the level where we had it before the pandemic.

Jeez man uh, that is kooky. Oh yeah, yeah, yeah, yeah. Okay um, what else streaming memberships pay: 221.8 million versus 221.6 1.65 billion hours viewed for squid game in four weeks. Oh my gosh! Oh odd, blur in the foreground.

Sorry, that's the topo chico! Thank you, yeah the margin, the reiterating the margin here, i'm just seeing. If there's anything else, that's new profit climbs beats estimates for q4, but craters on the forecast, oh gosh, so bad! Okay! Let me i'm gon na pull up their actual result here and let's get a little bit of a breakdown on that. Okay. Here we go so this is just their press.

No that's boring all right. Let me see if i can get this here. We go netflix, okay, netflix! Here we go no still where's the multimedia stuff. I want to find it.

You can download the multimedia here. That's exactly what i want to do. I don't know they're, making it so complicated to get this information on netflix. Oh here we go okay, i got it letter to shareholders and financial statements.

Finally, okay: here we go so we cheated several milestones in 2021, best tv show of the year squid game, two film releases, red notice and don't look up. Okay, summary results here. This was the pain right here is uh the forecast the far right columns, the pain, wow. That's crazy growth going down to 10 at netflix.

Look at that big, like bell curve here of of growth. You had in uh at the end of 2020 and probably much more even during the pandemic. Wow. Okay, let's see here operating income, oh expecting a big bump there in operating income.

So where did the operating income go in q4? That century yeah? Look at that big plummet here in operating income, so that had to have been like a one-time expense or something. Okay, year over year, growth for streaming members down to eight percent for growth for streaming members and then again expecting to go cash flow. Positive free cash flow positive this year we slightly oh slightly, you got to be kidding me. We slightly over forecasted paid net ads in q4, 8.3 actual compared to 8.5 in both the year record.

Okay, fine. Q4. I thought. Maybe we were talking about q1 slightly over forecast totally missed uh asia, pacific increased 2.6 mil versus 2 mil last last year.

Same corner, emerging market was our largest contributor of paid net ads 3.5 mil versus 4.5 last year. Same quarter. Hmm, oh wow! Look at this kathy, kathy wood's talking about the real bubble could be building in that's interesting, so in value-related stocks is where the real bubble could be building well hold on. Let's just say: inflation deflation at work here, but now we're seeing the beginning of cyclical deflation and i think, we're in a risk-off period.

I know uh we got hit today. A lot of growth strategies got hit. There was a shift towards defensives and, i think, there's a lot of confusion, but if growth is going to be scarce, this was this was seven months ago. Uh our kind of trap strategies which generate revenue, growth rates in the 25 plus range are going to shine.

Longer term we are not in a bubble, we are not in a bubble, our our strategies would be flying if we were uh. I think we have not begun uh rewarding innovation for what's about this is december, and so that's where our conviction comes from and we couldn't be more excited about, what's going to happen now, i think the buff ask me is in the benchmark stocks. Wow. That's an interesting kind of revisit to that quote there.

I just. I saw that up there. I had to throw that in there. Oh, i hate to say it, but like did did anybody feel like, and this is so terrible? Did anybody feel like a little like cringy listening to kathy kind of in july of 2021 and then in december of 2021, like i had the utmost respect for her, but like it's been exhausting, it's been alright uh.

You know when when's the kathy woody and deflation coming uh - i i i don't know i don't know i mean and and don't get me wrong, like i'm a big fan - and you know this of concentrating into uh my favorite texts, uh textile stocks, but boy. Oh boy, it is it's exhausting yeah, oh well, okay, anyway, so continuing here with netflix netflix global paid net ads. We have the graphics here: okay for 2020, we're targeting an operating margin of 19 to 20, assuming no material swings in foreign currencies. Uh huh uh-huh dollar has strengthened and the dollar's appreciation has cost us roughly 1 billion in expected 2022 revenue.

As a reminder, we don't hedge netflix wants you to know. We do not hedge it for currency risk right, so they just suffer and bite the bullet. Basically, yeah look at that inflection, oh, an inflection in operating margin which okay less interested in their talk about their shows. I want to know a little bit more about margin and such growing competition.

Okay, we know about that esg, okay, comparing long-term stock performance. Nobody cares now, that's it, okay, not much else there. Let me see if there were any other notes coming from so other notes, from the back reiteration of the same wall street journal just published their article on this yeah wow. It's time to change the title to netflix crash.

Let's quickly see how some of these are. Oh, my gosh! It's still going! It's literally still going down. Oh my gosh, it's down now! 14.3 percent. It's worsening! Oh! Oh! Oh, my gosh, that's terrible! That is, that is not not good.

That's oh wow! Oh yeah, look at all these losers here hold on there. We go netflix down 14.5, followed by roku, getting smashed coming down 5.21 disney down four percent spotify down two percent and for some reason just throw robin hood in there. Why don't you? Oh, my gosh yikes, uh, hey but end phase is up half percent in the after hours. Oh man, let's try tesla uh tesla 991 in the after hours down about another half percent in the after hours.

Uh yeah was that the next one faded polo nails it. So this morning, when we did the the terminal code, we got a sensor uh sh9t, probably oh, my gosh uh, that's awesome by the dip song yeah all right! Well, uh there you go craziness, crazy, crazy, crazy, all right folks! Well thanks! So much for being here check out the programs linked down below in building growth, we'll see in the next one appreciate you and until later tomorrow see you bye.