Holy moly welcome back everyone to another stock market, closing live stream. Oh my gosh! Some things are turning red. It's actually a good thing. Honestly, it's healthy uh! The market should be turning a lot more red than it really is.

Dow jones industrial is down about a third of a percent, and matterport is getting smoked single-handedly taking down the dow just kidding it's not in the dow. It's like 30 stocks on the dow and it ain't matterport uh matterport, of course was a spack that went public and uh just recently ran on the facebook metaverse hype. Uh, it was nice. You know i was able to sell uh 240 thousand dollars at 24..

Did a sold uh covered call around that point as well. That's maybe about 40k or whatever credit, but yeah. The larger position uh is uh, is still hanging out and it's not liking today, but that's okay. That is okay because, as i said, the dow is down a third, the s p is down or sorry s, p is up 0.24.

The nasdaq technology is up 0.78 and the russell 2000 up 0.28. Folks, we are in a market where the market really wants to invest in technology and that's good. We want to invest in technology. This is the end of the year rally that we've been talking about pretty much all year, long, which was kind of sad because, like it was really hard all year.

Long saying, like don't worry, i think they'll be at end of the year and it was just like it just kept going down and down this market uh, but these times are overall, pretty pretty darn good right now. Uh you're, always gon na have winners and losers. Uh etsy look at this insane winner here up 14, absolutely insane redfin coming back 7.7 outlets up five percent. Now so there's good.

It's good! A firm up, four percent gm's even up four percent cloud flare, folks, breaking 200 for the first time ever, let's freaking go! That's amazing, uh nvidia. I wish i had more than like 50k in this stock, as they have done so well, and i've been saying for like three months that when this falls i'll buy it, it just keeps going up. It's insane uh, it's the same thing as with tesla. You know, but anyway yeah you see the losers over here: penn national gaming, moderna, ocugen skills, honest company, roku, all down anywhere between 8 to 21 matterport, also getting quacked after the metaverse enthusiasm fades and wanes.

Oh, but don't worry. I still love the company 3.79 down on peloton tattoo chef down 2.89 percent teledoc down 277 netflix down 2.54. Oh my gosh squares down 2.2. I don't know what it is with fintech, but uh.

Look at paypal, too. Paypal just keeps going down. Uh i mean it is just toilet water. Here the volume continues to be twice as high as usual uh.

It's pain, pain, pain, uh, ai call options. You know i bought an ai call yesterday. Unfortunately, the stock's down one point: seven four percent, but uh uh. You know i i have some optimism going into earnings, probably won't hold it through earnings, but we'll see what happens.

I'm not going to hold it very long. I i don't like holding options to go. Immr somebody says got crushed. Is that true, oh 25, to the downside? Oh, that's, that's a bummer! You know what's actually interesting about immr is we have a thread about imr here, so where did i do that? I am mr.

I want to see what did i say about that one? I am mmr, i just talked about this one somewhere and i want to pull it up. Ah yeah here it was okay. So take a look at this, so i posted this in our uh in our discord. So i go.

Mmr is interesting. Few takeaways tiny companies so tiny that them traveling to advertise or not materially affects their opex, not good right. They rely on partnerships with other manufacturers, many of the names i'm not familiar with, and i said this is a danger for replaceability being easy to essentially be replaced right, very good that the company appears to have a haptic partnership with playstation sony very good that they're Working on new peloton products, honestly, this is actually bullish for peloton. I wrote remember that they acquired pre-core for a cheap, 400 million dollars.

Peloton is, however, and i saw this as a potential risk factor here - revenue boosted this quarter by larger upfront payments revenue next quarter likely to miss and an offering coming up. I wrote this on october 30th. That means to me it'd, probably be more interesting after an offering and after next quarter's earnings, something to keep an eye on so anyway. I i wrote this a few days ago, what five days ago, or whatever and uh it's it's uh since then come come.

I mean it was also still all on an uptrend but uh sold off a little bit since then, but those those were some of my concerns. When i looked into the company i know sometimes momentum can get ahead of us and things can run despite the fundamentals which i think that is actually exactly what happened to matterport, which is one of the reasons i sold about a 10 000 shares at 2450 or Whatever it was somewhere over here and uh, also uh opened a covered call position on it, but uh yeah it's down 14 right now. So the timing on those was good. But again in hindsight it would have just been better to just dump all my shares at that point.

I didn't do that is pins reporting earnings today. Is that true? Oh, let's see, let's see who we've got to report and say yeah, you got ta, be careful too with hindsight you know what they say: hindsight's. 20 20.. Oh pinterest reports today airbnb reports today peloton reports today square reports today rocket mortgage reports today, uber reports today, bngl reports today, oh cloudflare reports today, oh my gosh dropbox, first solar bill.com, oh my gosh, sunron, there's so many oh redfin.

Oh all, right, pinterest pinterest! You better impress us so i can dump the shares and the options that i have o m g. Ah, all right anyway, uh yeah, yeah, yeah, so uh, okay, so we talked about i mmr. Oh thank you for shooting it throwing in a heads up or thumbs up here. Yeah, i i don't know, i'm not the biggest fan of uh.

I'm gon na pull up volatility, i'm not the biggest fan of playing earnings. That's for sure! Oh! Is it possible that we could see a fed without powell? I can't even imagine powell not being the chairperson of the fed all right. Let's go ahead and log into the terminal here and see what headlines we got all right, how's everybody else doing otherwise today. So, overall, pretty good day, what's uh, what's tessa doing today, oh and let's look at crypto as well here tesla it was at one two three four a few minutes ago.

I thought that was pretty funny. It's at 12 26 right now and pull this up. Oh aoc, going for jaypal. Okay.

If aoc goes for jaypal, i will liquidate all my stock. If, if aoc becomes the chairwoman of the federal reserve, i will liquidate every single stock, i have and throw it all into bitcoin bitcoin. I don't know why some people call it bitcoin i've been seeing that lately. I think it's funny all right.

Let's uh go to coin market cap coin market cap. We have a three percent decline on the 24 hour here on bitcoin sitting at about 61.2 got a 4480 on aetherium selana, taking over cardano's position as the number four and yeah rocket does report today, and so does uber. Oh somebody here says they shorted uber. Oh all, right, let's look at volatility here.

Let's see what we got. Let's see i betcha pins pins has got to be down, but probably still elevated from where it was. Let's find out historic volatility. Um, okay, yeah we're definitely still elevated, but it's down substantially from where it was and paypal.

I do wonder why square is selling off yeah paypal's almost backed down in terms of volatility, but i also do wonder why square is selling off pre-earnings yeah rude and the whole insurance space just has not been super sexy lately, they've all been getting destroyed and been Getting evaporated, i mean hippo just wants to chill at 420. Root wants to chill at five. Lemonade did pop back up, but it's still only at 70 95. You know it could be doing a lot better than this, so tesla's strong into the clothes.

Let's see about that yeah, it is yeah. I mean it's holding on. It's not like it's rallying into the clothes all right, spy spy's been pretty flat in the day. A lot of volatility today very interesting, all right.

Let's uh, let's see what we got here. Let's go to bloomberger all safer growth. Companies are moving, yeah no kidding, bitcoin bulls, see trillions of inflows when spot etf wins approval, see. Now that is interesting because remember, we do not have a spot etf right now we have a futures etf, which is highly highly different from a spot etf.

In fact, i want to say: do i have it here? I do take a look at this okay, this on this messy desktop here here. You know what we'll clean it really quickly together, but you're going to want to see this look at this. This here is a letter that i saved it's from two members of congress to gary gensler, and they say that last month you enabled the bitcoin futures etf. While this is a step forward for millions of americans who are demanding access to a simple way to invest in bitcoin, these products are potentially much more volatile than a bitcoin spot.

Etf. Spot etf means what's the price of bitcoin. We follow that bitcoin futures is not actually investing in bitcoin, it's investing in derivatives, they're, basically futures contracts and thanks to contango uh. And if you don't know what contango is for backwardation, you do not want to be in a bitcoin futures contract or any kind of futures contract anyway uh.

But thanks to these, the fees that you can actually experience are substantially higher in a futures etf than if they just had a spot etf and may hope and may impose substantially higher fees on investors due to the premium at which bitcoin futures, typically trade, exactly contango. As well as the cost of rolling futures uh contracts each month, bingo that's correct. We question why, if you are comfortable allowing trading in an etf based on derivative contracts, you're not equally or more comfortable, allowing trading to commence an ets based on spot bitcoin, bingo nailed it there. These are.

These: are congress people who get it? It is our understanding previously that the sec chose not to approve uh, bitcoin, futures, etf or spot etf, due to concerns that it would be perceived as creating the potential for fraud or manipulation. In fact, the sec clearly articulated that those concerns could be addressed by demonstrating the following that the bitcoin market is inherently resistant to fraud or manipulation, or that a significant amount of trading took place on a regulated market. Both of these mostly happening here. In fact, they say here: 90.4 of the pricing of cme cf bitcoin reference rate, which is the pricing index that cme futures are based off of is made up of spot bitcoin exchanges, coinbase, kraken and bitstamp.

Therefore, to the extent that the sec has been concerned about fraud and manipulation and pricing of the underlying bitcoin markets, uh is basically wrong. So they're, saying 90.4 of the pricing is coming from: coinbase cracking and bitstamp uh for uh and the spot exchanges related these. Since the sec no longer has concern, okay, basically blah blah blah they they essentially are going on to say. Please approve the bitcoin etf right.

This is good. Spot-Based etfs have proven more efficient and strongly preferred by investors, as evidenced by their commercial success. We believe the same will be true for bitcoin's exposure in the etf wrapper. For example, today investors can get exposure to gold through the the gld, uh or or another one is iau right.

These are etfs where you can essentially invest in gold, but not have to store gold to deal with gold, uh and uh, basically they're uh they're, saying here to be clear. We do not intend to say that one method of exposure is better than the other, but rather that, unless there are clear and demonstrable investor protection advantages, investors should have the choice over which product is most suitable for them. Therefore, the sec, isn't, it should be in a position to approve a bitcoin futures spot etf. I think this is actually really bullish for bitcoin.

I think that's it's a great letter, and this has led to an article here from bloomberg, saying that the launch of the bitcoin futures etf was a watershed moment, but for crypto diehards, the holy grail remains a physically backed product like a spot etf bitcoin eating into Gold as fast as it can over the next two to three years could replace all gold exchange. Traded funds says michael saylor i mean michael saylor has also recently come out, suggesting that bitcoin uh i'm sorry that gold is going to go to zero, which obviously has all the gold buffs freaking out like. Oh my gosh. How could you say gold's ever gon na go to zero? Obviously, there's always going to be some value to gold, since we do actually physically use it, but anyway uh he talks essentially about to taking over gold.

What we need is a spot etf. Then you basically make it easy for anybody on robinhood or weeble or chase or morgan stanley, just swipe up on to a bitcoin etf. That's not a ripoff like the futures, etf, two funds, tracking bitcoin futures started trading in october, the pro shares and the valkyries. That's uh the veto and the um uh buy the effin dip.

One btfd uh anyway, futures based on funds are an inferior offering, but the best thing institutional investors can get right now says michael saylor. Clearly, the right answer is: let investors buy trillions of dollars worth of bitcoin via an etf, because the etfs plug into the existing security structure and blah blah blah whatever so, in other words, a lot of enthusiasm about getting this bitcoin etf officially out and the expectation Is this is going to lead trillions of dollars to come into bitcoin? Now it's worth noting that when we have the bitcoin futures etf, launch bitcoin skyrocketed to about sixty seven thousand dollars uh on the launch right here and then quickly, evaporated, uh and settled into this trading range. Where we sit now the 61 to 63 seven range. So you do get a little bit of buy.

The rumors tell the news when you talk about these etfs, but a lot of enthusiasm, nonetheless, for an actual spot etf and if we get it, i do think it'll be very, very bullish. I don't know if we'll get it this year, but it'll be very bullish for markets, uh and bitcoin. So it'll be very interesting all right. So, okay, what else do we have here immr? We already talked about in this video.

We talked about matterport mq, falling. A lot of momentum went into mq, so i think mq and backed are probably falling on uh slowing momentum as well. That makes sense slowing volume - oh yeah, both from losing volume losing momentum. Then we've got crispr therapeutics down to 92.

Now wow went down to 90 intraday, that's crazy! That's crazy! We already have a bitcoin etf and it's called microstrategy. It's true. That's pretty much. The only thing they're they're valued at is uh uh is their bitcoin holdings like there's, really no value to the underlying company.

At least that's being assigned by markets, there's no dis on anybody who works for microstrategy. It's just being honest: that's how the market's valuing at some cloudflare adobe, cheesecake, xsping tesla! These guys are all killing it. Today, tesla, let's go where's neo, neo, neo, nice, 3.76. Finally, neo is moving a little bit.

43. got in here, pretty heavy around uh, what high 35 low 36, something like that and uh. It seemed some nice movements down. Finally, yeah, i know nicolas moving, which is crazy on their settlement with the sec blows my mind that you could settle with the sec for 125 million, not end up in jail and uh and end up with uh this kind of nonsense the matterport reported yesterday.

Oh, i already talked about what i did with my sheep uh in the chorus long time ago, ocugen pen, bodurna, honest these guys are getting wrecked black dude d, whack funware funds back to four dollars. Look at that momentum curve explosion curve down du whack. I did not write down the earnings estimates yet for today nope. We should probably get ready to do that.

Uh, roblox, big volume again are roblox. No, that's redbox. What about roblox there you go rblx. Are they reporting today? I think so maybe they are no.

I don't think so uh what is it? Roblox, earnings, roblox reports november, 9th, no tesla pie phone, that's funny, taking profits on tesla calls is hard. It is because you're like oh, but it could go up more. It's dangerous got to be careful cause, even if it goes up you get theta decayed. It took oh tesla's up three percent today - nice.

Oh sorry, not tesla, amazon, sorry that totally flipped, but usually it's tesla doing it lately, but it was actually amazon, so how's stuff. Doing in the middle here, twitter 1.78 pin pinterest just sucks, i'm surprised, lemonade went down again and same for expi both of these were running earlier and the xbi sold off for like no reason after the zillow stuff, it's kind of crazy uh, pretty historic volatility on Square yeah i'll take a look at it all right. Let me see historic volatility so 10 day, average is 43 50 and 100 day. Average is 41, so we're slightly above that, oh, my goodness, excuse me, but we're slightly below the 30-day average at 38..

Oh, i brought myself a new cup of coffee, but man, yeah, yeah, open door and redfin are up a little bit but uh cold in here, but uh. They also did sell off quite a bit recently they've all yeah. You know that's sounding great yeah. It's paypal, but i've been thinking about is paypal, but i really have been thinking about buying paypal.

Now they don't report earnings for another few days, but they could move off of uh squares stuff. I wonder i wonder how much calls cost right now could lose a lot of money, but it's just so crazy right now how oversold it feels. So. That's five bucks, 10 bucks.

It's gon na cost me five dollars more to go this one. So this would put me in about 235 uh yeah huh dirty hmm. This one right here puts you in about 240 24 235, a lot of much more open interest over here. So you got much tighter spread for the 230.

Look at like the 230 calls. For example, 11 bucks, if i go to november, starts getting risky. I mean now you're within now, you're within three weeks for nine dollars. Yeah, that's not great! What if you go? 220 go in the money a little bit.

It's just expensive! I mean that's like the kind of call i would sell. Oh gosh, how do you deal with somo, oh somo yeah, who remembers somo? We talked about this a lot, the sadness of having missed out yeah. This look, this happens. You know you, you can't think about how much money you would have had if you did something you just make yourself sick, don't don't think that way.

You know. Look at uh look at what you've earned as a blessing because as soon as you start so mowing you start uh losing logic like emotion takes over and then you'll make a really stupid decision. That's gon na lose you lots of money. So uh you got ta write it down, put it in a drawer, close the drawer forget about it.

If you ever even start thinking about it just go, i already wrote it down. What's there to think about and stop thinking about, move on, have a beer slap yourself and get over it. It's it's uh! It's that that easy! It's not really that easy, it's very hard to get over, but you just have to otherwise it's going to screw up your other trading. It's going to be unfair to your other trades! Well, all right! So, yes, justin! Thank you for joining to remind me of how well nvidia is doing.

It is doing very, very well uh. Is it somo if you ejected before the potential of making a profit yeah i mean it could be absolutely like. I had a i've got a few lemonade options, but one of them was a december call and i sold it down like three grand had i held it. It'd probably be like 30 grand up right now so, but you know i just.

I can't look at all that little crap i just got to think like hey. What did i do with that money? Well, maybe i paid off margin, or maybe i uh you know, put it in a mad report. I made money over there, which i did you know whatever like they're endless, they're endless things uh. Oh man, all right.

So, let's see here, let's go ahead and listen to this talk about nvidia here for a second, you have to have every technology you have to have that as the reality in order to get people over excited enough in the very very short term. Look we'll see how it settles out. This isn't, that's necessarily, you know the end of anything, but also not the beginning of something. If you look at that chart investors getting set for a huge hour of earnings after the bell featuring results from square and kate rooney has a preview of that one.

For us, kate, hey! Well, the big focus for square today is the cash app business. That's the payments app and venmo competitor. Analysts are expecting a slowdown out of the pandemic. The app had gotten a boost from stimulus checks and banks being closed, also eyeing monthly, active users for the app and revenue per user.

The seller business is the other key revenue source here for square and finally, the after pay acquisition, which was approved by shareholders yesterday, it is expected to close early next year, wall street's, looking for an update on timing and any potential regulatory hurdles along with that deal. Back to you, okay, thanks so much uh for that one mike uh squares. How has it done of late in terms of the the valuation multiple and what is going to do to prove yourself, evaluation wise, i mean it's. Obviously, it's obviously kind of towering, but what's interesting is stock is held up they're, not wrong about that, and this the stock has been trading sideways for a while uh like it hasn't, been doing super well, but it's got a stretchy valuation, very, very stretchy, and look At that sideways trade, i mean it's just sitting in these bars it's kind of lame.

Okay, i wanted to write down from yesterday. What are the earnings that we did yesterday? There were a ton of them, but i forgot what earnings we had yesterday. Can somebody remind me please what earnings we had yesterday because i want to go through the earnings calls from yesterday uh as well as the earnings calls that i want to go through today are pins. Oh yeah matterport.

I'm gon na write that one down from yesterday uh airbnb, i'm definitely gon na check that one out but yeah list me some ticker symbols from yesterday. If you don't mind, if you remember what reported earnings yesterday, uh i'm just going to write down quickly, the ones that i want to read earnings calls are a really good way to understand what the hell is going on in the world. Etsy, that's right! How could i forget that etsy reporting yesterday etsy matterport? Thank you for that sunrun yeah. Thank you for that.

Okay yeah. Those were the big ones. Is there anything oh red fins today, okay redfin, who else reported yesterday? Oh mgm, that's a good one! Uh and oh and uh first solar uh, no, not first of all solar edge s edge, uh yeah redfence today yesterday was there anything else. Yesterday, oh mp, for today, mp, could be kind of interesting to see i'll write down mp.

I just want to see how they're competing with china still because they're, like our hope, okay, i think that was pretty much it gosh. I feel like there was another one for earnings yesterday that we covered. Oh roku, yes, yeah. My timing was perfect for selling the matterport days ago before it dropped.

I i know, but i didn't sell my whole position now. I wish i did. Thank you, though. Uh thanks andy appreciate the 10 buy square calls before the bell.

I don't know about that. All right i'll write these down all right. I don't know if i was gon na yolo, something. What would i yolo? Let's see, let's see if we have time to figure it out.

Okay, i usually get destroyed on earnings. Yolos, so square is a little elevated uh. What about red fin redfin's obviously shot up here a little bit. Yeah volatility is a little higher than huge uh pins.

What about airbnb, how's, airbnb, uber or yolo on uber airbnb? Let's look at that. One seat. Airbnb is pretty low on the volatility right now pretty pretty low uber. So let's look uber or airbnb.

Now airbnb honestly has the lowest volatility and what are they expecting? A b b, a b and b uh financial analysis, earnings estimates, okay, so airbnb is expecting uh revenue of 2 billion. This is this is the covet quarter, though guys and girls. This is the covid quarter. Well, maybe because of the covet quarter, expectations are lower.

It's it's also had a nice run here so far, so volatility is lower. I mean if you went in the money here. Let's say you went to what's something with some nice open interest here. Wow! Nothing! Are you serious? Okay? Well, you could go 170s got some nice open interest drop a little bit here, go to like one 150.

Oh, the spreads are terrible. They're horrible, the best spread, is really a 175, but you're paying 12.85. For that, for december i mean this is really betting, that this is going to be a 190 stock right and you still get the volatility of the case. Well, i don't know i mean that or draftkings i don't think draftkings is reporting today, uber rocket march.

You know rock, and mortgage might be one. Let's see, let's look at rocket mortgages. Historic volatility watch, whichever one if i did one whichever one i end up doing - is going to be the one that ends up failing uh rocket. No rocket mortgage is actually up a little bit on volatility.

The one with the lowest volatility right now is airbnb. No, but price has also already gone up in anticipation of earnings here, my expectation, so i'm probably gon na lay low. I i personally hate playing earnings so passionately like, even if you get it right, you just end up losing on another one afterwards, it's so bad. What about piton how's that one i mean not like, there's really any time left: ketone yeah, it's still above its 30-day volatility.

Things have been a little bit more volatile, dropbox might move yeah, maybe all right! Well, we got the bell volatility on dropbox, also not exactly at one of its lowest points, but it's. It is a little low. Let's see what we got here on earnings or uh, welcome to the clothing all righty, so we have a lots of earnings coming up today worth noting that we have the dow jones down 0.09 s, p, 500 up 0.42 percent, nasdaq up 0.81 and the russell down 0.08, big uh, big thing to note is uh. Let's see here, we go hold on uh, oh there we go.

Okay, big thing to know, obviously, is that earnings are coming up and people are betting, big on tech and that's why we keep seeing the nasdaq go up up and away. So airbnb should honestly be first to report here. They are technically listed for a 4pm report. So, let's see what we have for airbnb after airbnb we've got multiple updates coming out from pinterest peloton square.

I do not have airbnb yet, even though they are expected to be first we're also waiting for pins. If pins can just smash earnings and we can get the stock to run like a hundred percent like just double, then maybe i can leave my bags behind. So basically we're hoping these earnings are so good that pinterest doubles uh and we just won't talk about it. If it goes down, i think that's fair, okay, so rocket uber.

None of them have reported yet uber. What's another one, dropbox pull this one up. I know we have first solar, still no airbnb for solar. Well, it's gon na be fun.

This is gon na, be a big day of earnings, oh yeah, cloudflare and bngo bngo. I usually don't get good summaries on, though bloomberg writers don't do the summaries. Then it's very difficult for me to see what the heck's going on. Okay come on.

Airbnb still no airbnb, still no pinterest. We are at a 52-week low on pinterest right now. That's the one to buy calls on like how much worse. Can it really get? Probably a lot uh.

We could look at bill.com, i suppose run up no, not yet put sunrun up here as well. It's gon na be fun. Sun run over the rainbow. Oh come on all right here we go.

Okay, airbnb is out just now, 1.39 to 1.48 billion. Projected 1.43 was the estimate. That's in line revenue beats comes in at 2.24 versus 2.07 expected, that's a beat gross booking brook bookings. Value came in at 11.9 versus 12.18 expected.

That's, that's a miss on bookings value, but revenue beats and uh. Just an ebitda beat a lot uh eps coming in at 122.. This is pretty good for airbnb. So this is a very good look for airbnb, oh see what i'm talking about.

How can you possibly bet on earnings? How could you bet on earnings when they beat and the thing drops four percent five percent? This is what i'm talking about like they beat and they they guide, and then this is the bullcrap you get. This is this is why you don't do it. This is glad i didn't ex expedia apparently reported. They, on the other hand, are taking airbnb's money.

Uh expedia came in with 2.96 billion versus 2.73 in the estimates, uh booking holdings - really, you know, showed this off so or or led to this. Oh pinterest, pinterest comes in with 633 in revenue versus 632.8 expect. That's a match on revenue. Ebitda is way.

Higher 35 million higher adjusted eps comes in at 28 cents versus 22 cents, active users up one percent, oh my gosh. They went up uh, however, the active user estimate was for a bigger growth. It was 462.9 million. Active users coming in at 444 million, so ebitda is up.

Bottom line is up revenue met, but the the user expectations did not meet. Oh, it's up. Eight percent, though i'll take it i'll. Take it.

Please bail me out, get me out of here good, thank goodness. Please hold okay, everybody buy and don't sell until i sell. Oh man uh. I can't do anything right now, anyway, all right so um peloton.

Let's see if peloton's reported earnings not too enthusiastic, based on what i heard from people uh-oh paypal revenue - oh it's bad! It's not good uh! They were expecting 5.4 billion of of revenue for the year and they're cutting that to 4.4 to 4.8 uh. I'm so glad i sold out of this thing. I still writing was all over the wall. Uh.

The writing was on the wall too, with pinterest, but i was a blind dumbass anyway, uh peloton q1 revenue comes in short of expectations by about three million dollars, but that cut in forecast is huge. That is a huge cut. Uh peloton says: commitment to strategy remains unchanged: peloton falls. 14! Oh, oh, that's! A burn! Q1 loss at 1.25 versus 1.07 ooh.

That's not good! Uh, yeah! Okay! So then, we've got a sunrun out yet sunrun sunrun comes in ooh big b 438 million versus 414 11 cents, eps versus a loss of four cents expected. So that's a beat on sunrun sunrun uh, not really sure what the heck it's wanting to do here. Sun runs basically flat piton down 21. Oh, it's getting wrecked, oh man, piton got smoked and pinterest is not holding on to those gains.

Damn it people bailed out of that thing, so freaking fast uh, bill.com jumps 8.5. After results. Congratulations bill.com bill! What's their market cap bill.com stock, 29 billion dollars holy crap, oh wow, okay, square, uh square announces third quarter results. They just came in uh after pay expects transaction.

Will close q1 of 2022 shareholders approve uh okay. So what are the results? They're? Not giving me an outline here so can't really tell no, i don't think they're out, yet it's just to announce all right, whatever so uh pinterested. Well, what's this one rocket mortgage rocket mortgage comes in with 57 cents on eps the expectation was 48.. That's a beat good job rocket mortgage b.

Let's see here, rkt, okay, there you go up 2.8 good, very nice, uber, how's, uber, uber, okay, uber's out uber comes in with a fourth quarter, ebitda or i'm sorry. This is guidance sees fourth quarter, ebitda of 25 to 75 million. The estimate was 98.1 mil, that's a miss. That's not good adjusted ebitda came in at 8 million, but the loss was expected to be 15.4.

That's good. Actually so. Guidance is not so good, but this quarter was actually okay, uh, oh, but they lost more money. They lost a dollar 28 per share versus 33 cents expected that's, not good uh.

The estimate for gross bookings was in line uh. Let's see here. Oh, oh, the estimate. Okay, the way they wrote, that estimate is funny.

No no fourth quarter adjusted ebit to 25 to 75 mil is actually a good thing because they were expecting a range of zero to 100.. So, that's actually not that bad uh uber falls four percent, though nonetheless a little mixed here. What we've got it's just a bigger loss than expected: uber lost 2.4 building a billion thanks, largely due to dd investment. Oh they also invested in dd.

I did not know that it's interesting rocket mortgage up 3.58 percent vario rocking mortgages exploding here rocket mortgage was the one to buy. Oh, we thought about it last second, too. Last second thought about it, but i wasn't gon na do it because i don't i don't like playing earnings all right. Let's see.

What's going on with square square, oh net revenue, 3.84 billion, the estimate was 4.51. It's a miss revenue was a big. Miss evita does beat, though adjusted eps matched, but that top line number at square was not very good. It's down, four percent back to 235, what a dog stock! This is why you got ta, buy paypal, paypal's down another percent in after hours how's.

Let's see how redfin is, i don't even know if anybody's going to cover redfin here, redfin redfin posts, ooh revenue of 540, the estimate was 539.7, so they barely beat and the fourth quarter forecast is actually a nice beat 585 to 606 compared to 507. This is good, it should be bullish for redfin and it's down 60.6 stupid. A firm is dropping on talk about this after pay acquisition, where's the darn thing - i don't know wherever it is the firm's down about a percent. I blame after pay and square blame them.

So yeah pinterest did well peloton, got destroyed glad i'm far out of that. One bill.com did very well see how it's doing after again, oh wow, 11 good job bill.com. This thing has exploded, really good wow. It's impressive went public right before the pandemic wow.

It's just been straight up good job, all right, so bill.com kills it airbnb y'all, say, is almost green, airbnb, 2.8 very nice and how's pins. Doing now it's up three percent yeah. I guess i'll. I guess i'll take three percent.

Oh, i wanted a hundred percent. I didn't get it what about cloudflare, i don't think they reported it. I think they report in two minutes: that's gon na be the next one all right. What do we got over here, cloudflare running to 2021 right now? Oh it's at 203! Right now, we're excited see what happens.

Oh dropbox speed look at this set just in the last few moments it was and it's down right after these earnings were released. You can see down now more than three percent uh. They did beat on both the top and bottom line uh the top line they reported 37 cents per share on a non-gaap diluted basis, uh the estimate was 35 cents, a share so beat by two cents. On the revenue side, they reported 550 million uh, which is uh 13 year-over-year gain.

The stock, though, is up 40 year-to-date. Paying users ended the quarter at 16 and a half million as compared with 15 uh in a quarter. The ngo did report yeah, but they i have no summary of it. So i'd have to read it and honestly, i don't know anything about it.

All right conference call today at 5, 00 p.m. So we'll look out for that uh, but, as you can see, shares down now more than three percent waiting for cloudflare. It is oh did hippo report today, no really waiting for hippo. I got ta write that one down i'll write that down hippo shake shake shack, adjusted loss per share coming in at five cents.

That's one penny better than the six cents that analysts were projecting revenue is a miss here for the quarter 194 million. Compared to analyst estimates of 197.5 million miss on comps as well up 24.8 in the quarter compared to estimates of 27.8 uh momentum, cloudflare cloudflare uh beats estimates. Oh, it's a beat on forecast two q3 revenue: 172.3 million versus 165.7 expected 647 to 648 million, guided for the fiscal year versus the expectation of 629-633. It is going to the moon, boys and girls.

Oh cloudflare cloud flares skyrocketing go go oh sh! Oh my gosh! People are putting in market orders after hours and it skyrocketed to 220. holy moly 221. Now it's actually sitting at 212., but whoa. This is a beat here on cloudflare, good job, cloudflare cloudflare.

You will be my next nvidia, the one that i keep staring at going up up and away and i just never buy because i know the day i do it'll go down. Uh yeah, no hippo doesn't report until the 10th, so yeah yeah, all right wow. That was that was entertaining bill.com nine point: five, one percent cloud flare: five, six percent pinterest four percent mp materials must have beat us up. Three percent airbnb is up a couple percent.

Canadian solar is up a little bit and to the downside, oh redfin actually goes down and so does a firm down two percent and peloton's the one. That's getting wet uh. Oh peloton, no darn company. What was the guidance they gave? Let me see here peloton.

They guided for yeah. It was substantially less 4.4 to 4.8 bill, yeah 2022 revenue fiscal year. What full euro? Okay yeah! I was gon na say that was so weird they they had a weird update in here. I'm like that's not what they said and then it just came through as correction yeah peloton burns through cash and hunt for new customers ugh.

It's just not good uh yeah. No, i got out of piton at 113 and i'm so grateful the writing was on the wall for me, but i stuck in pins. So i got i got destroyed on that one. So yeah you got ta look at the expenses, though, for the btc revenue over there at uh uh at square.

Hmm, all right, cloudflare, just destroyed absolutely destroyed, see how's it doing, though peloton's getting wrecked, wow cloudflare's, actually not holding on to those gains there. It is said about two percent: it's a crazy market. Folks, that's all! I could say crazy. Marquette stay with me: gravy market wow, okay! Well, um! I don't know if this means that peloton is cheap enough to actually go buying.

Let me see here: teton etons see it's not a crazy valuation, yeah 26 billion dollars, i'm pretty sure, that's before it just fell, but either way it's gon na take a little bit more research, probably go into that quarterly report and see uh. I want to see those advertising expenses. In fact, let's, let's just take a quick little peek together here, you know we're together now. So let's look together all right.

So what do we have to do peloton investor options on peloton tomorrow? Yeah, i don't know, depends how much money you want to lose all right. So i would like to see your report. There. We go shareholder letter.

How about the sec filing? Was this fourth quarter or read? First quarter: oh we're in first quarter they haven't posted the filing, yet, oh, they just gave us a slide deck. Oh well, if you're gon na do that, let me put it on the ipad here, we'll we'll look the piton together for a sec. Ah, let's look at the plumbing, just like i say in real estate, you got to look at the plumbing the plumbing sucks everything's, going to suck um. Okay, let's see open this okay, one sec! Here it comes oh okay.

What do we got over here? So uh q1 and the connected fitness subscriptions grew 87 yeah, but that's that's got to be year over year, so that doesn't matter. I don't like the summaries here. So what do we have here? Let's look at the actual numbers. Okay, we anticipated fiscal 2020 to be a hold on.

Let's see, numbers seem way higher in bloomberg. I don't know about that. I'd never really show the bloomberg thing so, okay, uh i'd, have to. I don't have alpha corey up right now.

Okay, what do we got here is this, because we anticipated fiscal 2020 would be a very challenging year to forecast, given the unusual year ago. Comparisons demand uncertainty amid reopening and supply chain constraints, although we are pleased to have delivered first quarter results that modestly exceed our guidance. A software anticipated start to q2 and challenged visibility into our near-term operating performances, leading us to recalibrate. That's not good.

Our commitment is unchanged. The trend was well underway prior to the pandemic, clearly been accelerating. We remain convinced in the growth opportunity for peloton this net promoter score and retention rate whatever, and we want to see people spending money whoa, they lowered the price of the bike to 14.95. Oh, my gosh.

We continue to believe that price remains a barrier to purchase uh lingering perception that peloton is a luxury item. Ugh, okay, content, software. Let's look at the numbers, i want to see numbers, that's what i want. One numbers where are here we go.

This is what i want. Oh thank you for putting this on this comparison. Three months ended september 30th, so uh subscription revenue was great, but that's because you get the compounded effect. This is what matters right here, because this is your growth in getting more people into connected fitness and whoa.

They spent a whole lot more money on marketing. Look at that they spent twice as much money wait a minute. That's g a they spent twice as much money on g a. How do you spend that much more on g a and then they spent 284 divided by 114.

They spent 2.4 times as much money on marketing 2.4 x on marketing and their revenue on products barely went up. That's bad! That's a bad conversion right! That's not good uh, because this is uh hold on a second here. You wan na see uh growth. When advertising happens, so it's possible that, like the people who knew about peloton, were people who bought and uh and others who knew about it but didn't buy, didn't become buyers when they got advertised to kind of makes sense.

That's a lot of money. They blew on advertising. I wonder how their sales would have been if they just didn't blow that money on advertising and they just went with the residual. Probably not good, can't just cut all advertising.

Uh. Oh, did my face block the numbers here. Yeah here you go. So this is what i wanted to show you that was um.

Marketing is the top line right here and then the next line is gna. Research and development. Is this line right here, so they spent almost three times as much money on research and development. But again this this growth up here, not so great, hmm cash flow.

We got over here cash wow way, less cash. Look at this. What happened to their cash inventories? So inventories went up yeah, but their their cash is getting burned. Wow.

They almost blew through half of the cash they had just three months ago. Why? What's the cash flow statement say, inventories stock purchases - hmm - i mean, i guess: maybe they just bought more product net cash used by provider operating expense, okay, accounts payable, um all right. Now. That's just some data over here.

Well, i wonder if we can get their churn margins up gross margins up at least that's actually good, because the products getting less expensive and gross margins still up. It's actually good. Let me see here if we have churn uh. Okay, net monthly connected fitness churn was 0.82, so that number annualized is 9.84, that's bigger, so that turn number has actually gotten worse because the 12 month retention rate was 92, but now we're at a rate where probably the retention rate would be closer to about 90.16.

So that's that's shifted a little bit, yeah all right. Well, what else? What happened in the stonks? So yeah peloton gets burned. 23 squares down three percent. A firm's down: two percent you've got bill.com up: twelve percent pinterest up six.

Thank god! Cloudflare is up 3.6 good for them really wish it would have fallen, wanted to buy it, but didn't well, oh yeah, anything else. We need to talk about i'm i'm kind of out a lot of stuff to talk about. Unless anybody else has anything to talk about. Tesla pretty much flat in the after hours meta flat in the after hours.

Oh i'm not going to pull up short interest right now. I had to ask earlier on that just a pain in the butt to get it up. Carvana did they report today. Let me see carvana arvana report carvana yeah wow, they sold almost 112 000 vehicles and the estimate was 110 and they beat 3.48 versus 3.28, but uh eps loss was greater than expected, so probably spend some more money on advertising.

Carvana is now 1.86 percent uh revenue. Ipo would be something different to talk about, and next would be mp material. We didn't do them yet. Mp, material reports, oops product sales of 98.6 million.

The estimate was 79.4. That's a good beat yeah, let's be beat on bottom line, beat on uh top line. When will i buy po toast no time soon, mp material is up 2.59, okay, cool! I think that's about it to talk about. I don't think there's much to talk about with abc um love the ad they did by the way, really really good, uh yeah draft.

I don't know why draftkings keeps getting wrecked. I just don't know enough about this. Oh wow yeah the day chart yeah. We really broke that trend.

Now we're uh we're at 43 yikes. Okay, all right, when's expi supposed to split they already split split a while ago. All right folks, thanks so much appreciate you being here and we'll see in the next one.