Yo welcome back to another market closing live stream. We have a crazy market yeah, that's for sure. We do have uh some earnings coming up today, which are going to be pretty fun to look at. We had bank earnings this morning that just were crushing it, and the market actually responded pretty positively, which makes me wonder: is it possible that technology stocks could potentially have a positive reaction uh to earnings this uh, this particular season, or not? It's just going to be the same disaster as uh.

What we saw in quarter, one and quarter two i don't know but we'll find out as we go into uh q3 earnings results. Today we will be looking at uh. Let's see what we have today after hours. Actually not that much in after hours today, uh there's kimberly clark, we've got uh del taco reports today, uh alcoa reports.

Okay, so we got a few reports coming up in after hours uh today, tomorrow morning, we'll have goldman sachs pnc, charles schwab, yeah. Those are the salient ones uh and then next week is when we get when we start really getting uh some some new flow of earnings and the week after that will just turn into absolute insanity in terms of earnings. The markets are very broadly up today and it does beg the question like: where are the leftover opportunities? We will explore those uh but uh yeah, you can see here, we've got uh. We literally have this.

This uh potential end-of-the-year rally coming up. I still think this is a big possibility that we're going to see a very strong rally between now and the end of the year, mostly because i believe the markets are actually going to cheer a small infrastructure package. I think markets are going to cheer uh the the lack of drama uh, not saying there won't be any drama. Don't get me wrong.

We're still gon na have debt ceiling drama. When we get down the road a little bit. We're still gon na have uh a bunch of nonsense that ends up coming up, but - and i don't think we're gon na - have such crazy nonsense like we did there in the towards the end of september. I think that was a little bit more rare.

That sort of clustering of drama it was so much at once and as a result, we see dow jones up 1.39 s p up 155 nasdaq up 159 russell 2000 up 135. This is actually pretty incredible. I mean volatility has plummeted. All of the indices are up.

None of them are particularly higher or or lower than others and uh. If you look at the russell russell's actually caught up this morning, the russell was the only thing that was actually down. Let's take a look at oil here, oil is actually up as well back to 84 on brent, but at the same time, oh, my gosh holy smokes uh. This is actually a shocker.

The 10-year treasury yield has plummeted to 1.51. This is a shocker. Let's go to the five-day here: uh yeah! So after a higher than expected inflation print, we ended up with a plummet of the 10-year treasury yield. It's just this market is so funny.

It's. I really believe in we talked about it earlier. I think the market has just uh realized, like that's it. We're gon na, have inflation big deal so what we got inflation? You know whatever uh, and so now it's a matter of uh.

Oh, my gosh look at upstart again geez man upstart's, like the tesla of this year, holy smokes absolutely incredible, running up another ten percent here, uh in the day, absolute crusher of a stock. I think it definitely helps that the darn things profitable. We were touching on that a little earlier might have been in the course member live stream. I can't remember, but uh, let's see here, we've got profitability eps for this year would put them close to i'd, say probably 280 without doing the actual math here, uh growing like crazy this year, this year was really the explosive growth for them and they've gotten that Income so uh yeah, it's incredible getting to maybe two dollars of eps in 2023.

I just don't see how this could last how a lender could could justify over almost 180 times forward pe in in 2023, but uh, okay, hey you know what it's got: a smaller market cap than a firm in fairness. So, actually, as of june, they had a smaller market cap. Now they might be larger. Let's see here, upstart stock upstart is sitting at a yeah 29 billion dollar market cap.

So yeah, that's like okay, yeah, that's right, so 29 billion market cap that is slightly smaller than a firm good job upstart got ta, give them the hats off. Walgreens. Look at that boost seven percent today on earnings this morning, suggesting or indicating that we were going to see uh or we were seeing a lot more uh same store sales, especially as we uh got more people in for vaccinations lucid of 6.31. Today, really starting to see, oh, is big.

Taking off, let's hold on. Are you thinking, big digital or something else, yup, not big digital, but anyway, lucid taken off again, it looks like potentially uh. There's a risk appetite coming back, some of the laggers that we had written down baba, canadian, solar, chargepoint docusign lemonade en phase neo qualcomm roblox shift autodesk uh corsair. We wrote these down about two or three days ago, here trade desk.

So, let's see how some of these laggers are doing, lucid's moving squarespace coming back five percent. Look at that look at squarespace is just absolute disgusting crash here and uh squarespace, actually coming back a little bit now. Let me see if there's anything interesting at squarespace square space, squarespace screw square all right here we go squarespace financial analysis. This thing is profitable sitting at about a half.

A half dollar of eps for 2021 puts them at about 70 times earnings and expecting to get to, let's see 25 to 20 percent, compounded annual growth uh their nets, not that great might get to about a 10 net in 2023. Even if they were a dollar, then they'd still be selling for about 36 times forward. So i don't i wouldn't say it's necessarily a big fat deal uh. Let's see here, crsr, let's try corsair just to compare corsair to compare gaming and, of course, uh memory.

Chip company, this thing is profitable, looking at about two dollars: eps for 2022, it's about 14 times forward, but growth kind of plummeting to uh 19 19.9, this year, five percent next year and then maybe eight percent thereafter. Maybe some growth coming back in 2024? I'm not sure if they're projecting some kind of contract or something but uh yeah this. This is really almost just feels like a value-esque play. We'd really have to see the balance sheet to see that, but anyway, this thing has a market cap of 2.5 bill, uh, slower growth, but even at 2021 revs.

This thing at 26, 26 divided by 1.78, sitting around 14 times 20 21. I mean it's dirt, cheap. It's it's the market's really not pricing at any growth here. Looking at the balance sheet for corsair yeah, it's been bobbing around the bottom over here too.

So, looking at the balance sheet, this thing has for 2020 uh total assets in millions, so total assets 691 mil wow total assets of about 1.3, but they do have about 300 ml of goodwill in there so uh, even if you call them a billion dollars of Of actual assets, a lot - let's see, that's cash accounts, receivable inventories and some other long-term assets that they don't really break down. Here. Let's see, oh intangible assets, okay, so these are like patents and that uh, you know the thing selling for like. Is it really only two billion dollars hold on? Let me see corsair stock uh yeah 2.5.

I mean the thing's selling for like one or two and a half times book crazy, wow, uh, okay, fair, very, very interesting! Let me see if i can get uh ritzy, yeah, interesting, okay, so uh, let's go ahead and see what else we have here going on sticks of course. Here's an interesting one. I'm gon na put a little note on that one maybe do a little deeper dive because they've just gotten so cheap pull circle there all right what else we got so, okay. Now, let's jump on over to the six again okay.

So what do we have? Uh sheep sitting at 27.57 on the downside volatility down: eight percent cambers evaporating again there goes plug power. Uh matterport had a good drop today to about five and a quarter percent to the downside, i bought the dip when it was roughly at the bottom uh. I bought the dip because i was at breakfast with lauren. Where was it? It was in this section right here.

Let's say it was just. It was just on the uptrend right over here, like this 1910 area-ish right here or whatever, but anyway i saw this sort of double dip here and i'm like um, i'm picking up some shares. It's not like it's a huge discount over where it is now, but i just i watch the ta and so a lot of people find that, like stress relieving when it's just like oh kevin's looking at this, and then they look at the chart. That way, they don't have to stare at the chart all day long which anyway, you get to join.

If you're part of the stocks psychology money group link down below so shebe, 2700. Okay, cos emeryn sun power, 2.82 arcimoto 251 hut, 8, 226 to the downside. Airbnb rotating down modestly, here build-a-bear piton86, alibaba, actually down to 166., even buster's, still not sure why dave and buster's rotating down. I wonder if it's just delta fears or something like that corsair's majority is shareholders.

Eagle tree is that true, let's see holders, i should be able to look that up: hmm, okay, coarse hair, of course, yeah eagle eagletree 57.7. My gosh yeah no kidding holy moly. That's a good call gosh. The next largest investor is vanguard at 2.8, paul andrew or is it andrew paul? I don't know probably andrew paul at uh 2.76 blackrock at 2.4 sig holding at one two three and then you get into the fractions so their position.

They used to have a position of if they do position size. Their position has shrunk from about 65 to a high of about almost 70 million high to about 54 million, so they've sold about 15 million shares this year. That's a lot. They have a cost basis.

It looks like of about 16.55, so even at 26, they're still selling, with a 10 profit they've held for about an average of about one and a quarter. Huh. That's very interesting! I wonder if um see here eagle tree capital delivering value through investments wow, they don't have good reviews. For over 25 years, the team at eagletree is focused on delivering value through investments in three sectors: media business services, commuter blah, blah blah, corsair portfolio companies - hmm, maybe they have some news in terms of why? What is this courser gaming and that's new credit facility? Of course not really yeah.

Well, i guess they just owned a lot of them before they went public and now they're taking their money out. I don't know that they'd necessarily be selling for any particular reason other than now. It's public now, it's time to get out kind of thing, but it's an interesting argument that uh, maybe that's what's depressing, this company a lot we're gon na check this out a little more i'm interested. Thank you for the comment about eagletree.

Okay. What is this real yield momentum and treasury market has dramatically shifted this week, traders have gone from thinking. Two percent was achievable on a tenure to seeing yields whisker uh out within a whisker of breaking below 1.5 and all of a sudden. The treasury curve is flattening.

Uh, okay yeah. We know that, but why they didn't really give a reason. No, it's also leading dollar to fall. Huh all right! Well, let's see here what else do we have? We have and face barely green on the day.

It's all right. 173. Still, that's awesome. Norwegian cruise lines and carnival up about a third cardano sitting around 218.

uh southwest airsoft, no, not that entertaining tesla, almost a percent. Again still it's been sitting actually at 8 17 all day i'll. Take it definitely take it. Give me just give me a percent for like another like 30 days and we'll be good i'll, be very happy just one percent at a time all right pound here up about a percent.

So it's robin hood at sea back to 216 very nice, the firm sitting at 1.55, what a rollercoaster of a day on this one crispr98 pinterest, two percent clout cloudflare folks, we were just talking about this this morning. Cloudflare flares just absolutely been ripping it's funny too, because i wrote them down as a stock to watch over here in this dip and i'm like yay finally they're dipping, but then it just took off it's like what the hell come on. Man, oh well! That's that bugs me sometimes it's like to like you, want to build a position, and then that happens. Look at that coinbase is actually up five percent today coin freaking base like coinbase, is like the most hated stock of the year.

All right. What's all this complaining, i see about bbig vinco ventures, crapo rappo. What is this? What what things can i, what uneducated things can i say about this 7.45 stock? I don't know, let me try to get educated dpi who's been watching uh, oh crap, squid games, skill, win games, who's been watching uh. All right.

Let's see here, bbig individual, okay check the in sec investor. Ed tweet was that about the bitcoin futures. Twitter. I mean look at that really quick and then i'll.

Look at this other big thing: sec investor, i'm pretty sure that was the bitcoin futures investor ad one hour ago, before investing in funds that hold bitcoin futures, make sure you carefully weigh the risks and benefits whatever. I don't think that's necessarily i mean i haven't read it, i opened it, but then i'm like nah bitcoin futures contract is a standardized agreement to buy or sell a specific quantity of bitcoin at a specific price and some date in the future. In the united states. Bitcoin is a commodity and commodity futures trading is required to take place on future exchanges, regulated and supervised by the commodities future trading commission.

According to the 40 yeah blah blah blah blah blah, whatever man like do people actually get educated reading. The sec website me thinks not all right so vinco ventures - oh man, what's happening here, wow what the volume just exploded on this holy moly. So why uh ocugen most cited and stocked with probably also on stock, twits investor plus vinco venture stock, still stands to prove the skeptic's wrong? Okay, pb! Actually, what is it? It's an alpha article stated 40 big short interest, man, i'm so tired of short interest. Being the mover it's so it's so temporary.

Now it used to be a big deal to look for the short interest stocks, man that is old school, investing right now, but uh hey, whoever got in this first they're doing well! So that's what they used good for them, but let's go here: let's run it i'll run the short interest check. So vinco ventures has a market cap. Oh my come on man. The thing's got like a like a 20 million dollar market cap bbig side.

I mean like it's just like it's just ridiculous: the things uh, oh, no, okay, it's blown up! Why is that? Oh, that's from the end of 2020. Oh whoa, it's gone from an end of 2020 market cap of 20 billion dollars to now 807 million. Oh whoa. It's been on a ride.

This used to be a two dollar stock. Oh this used to be even smaller. It used to be a dollar stock, whoa that thing's just nuts all right. Let's see what it is, bbig no surprise is being shorted, so bbig uh.

It's about 25.76 short, that's a decline from about 31.68 uh earlier in or mid-september so, okay, the company is ooh very low revenue. Why is it so low revenue? So there's no estimates for 202 or 3. You just have estimates for 2021 and current last 12 months. 10.5 million! That's not that great! Let me see what this is.

I don't know it sounds like a pure momentum play. Vinco ventures offer sourcing design, sales, fulfillment and shipping services. The company provides sketches proof of concept prototypes for late state inventions - okay uh - i i i don't know to me they're spinning off into crypt. Are you serious? Is that what it takes vinco ventures? They can ride the tide with blockchain.

What blockchain spin-off uh evidence that red reddit traders may have taken an interest in yeah uh complete skip spin-off in the works: okay, yeah tick, tock rival called lomatif. What, moreover, earlier this year, vinco ventures announced its plans to merge with zas zash global media. A company led by this guy named ted, who has an 80 stake in a tick tock rival, called lomatif vinco revealed the company through its joint venture with zash, intends to acquire lomativ, and they have financial interests in nft and social media streaming. Niches niches this.

Okay to me, this is a company, that's kind of like um. It's a bus, uh you've got a bunch of people on a bus that are like yeah. Let's get some nfts, let's get some crypto, let's get a tick-tock rifle and they're kind of on the bus. Like we ain't making any money, but we're going to try to figure it out which way you guys want to go today and it's kind of cool because, like they have that flexibility of going anywhere, they want, but i don't think the stock is moving on anything Other than hopium that the bus is moving and uh, you know this.

The reason it's probably shorted is because there's actually a good chance that bus ain't gon na go anywhere uh so yeah anyway, i don't know it ain't for me all right. So, what's next i'd rather invest in upstart today at these prices than vinco just maybe because i'm i'm a little uh, i'm i don't know, i feel like sometimes i'm a little too conservative, maybe i'm being too conservative. Okay, now you're gon na start screaming. Let's go kevin uh anyway.

What do i know? I do know that canadian solar is starting to rotate down again a little bit all right. Let's listen, listen to the bell and let's get del taco's earnings and then see whatever leftover opportunities. There might be girl in red is hopping. You see her like hopping up and down so excited to be there.

Well, let's jump uh anyway. Dow jones is uh up 1.55 percent at the close s, p. 500. 1.71, nasdaq, 1.73, we're also 2001.44.

This is probably one of the best like overall indice days, where they're just all green, like crazy uh that we've had in quite a while uh it does mention here. This is one of the records for the naz, so um yeah look at that dao's best day. Since july, wow dow closes up for the first time in five sessions: okay, so uh del taco del taco reports today, picker singh symbol is taco and uh we'll see what they have to say for us or for themselves ebig for the memes. Do it yeah? I don't know sometimes i just feel like it might be too late.

All right, so del taco see what happens in the meantime. Let's go ahead and look and see uh what's left over over here. Canadian solar wall grants occupant, upstart i'll put them in here anyway. Just for giggles, because people keep asking about them so we'll just we'll just have them up here pbig.

Here we go they're on the list: okay, vinco ventures, whatever taco bell, wins the franchise wars. Uh. Well, we'll see we're supposed to del taco. This delivery-only partnership with reef who's reef - i don't know draftkings back to 49.

Really i've been watching this one for a while, and i just i don't know i can't get my head around the valuation. I can't do it all i can do is say, get up to seventy dollars for free with public by going to mckevin.com public or get up to 250 dollars for free in cryptocurrency. If you go to medkkevin.com bf, that's bf4 block five kevin.com, bf and uh. You can get up to 250 and yields on your cryptocurrencies so check that out here we go lost my mic or my headset uh uh doesn't yum brands own taco bell? No, this is del taco.

Ah i don't know about taco bell. I just i usually don't do restaurants. I think it's hard because you're constantly fighting for new revenue and that's why i like the the sass or like uh, you know something you could sell, that has recurring revenue like uh like printers honestly printers are one of the most genius business models ever invented. They are absolutely evil and genius just saying thin margin in the restaurant business.

No freaking kidding no kidding a mess. That's right! Kevin likes ass software as a service that is uh anyway. All right, so dropbox is actually almost back to thirty dollars. Adobe started going up again: yeah, look at adobe, i've been watching adobe dip and now it's starting to move again.

I mean it doesn't surprise me because we're kind of getting this tech u-turn again, which is great. I love it, but uh yeah we're definitely seeing that man i got ta sell some puts again because when things get pricey, it's just like if it like, i don't really want to buy it. I got ta write that down sell puts. Do i want to sell covered or like sell calls on anything? I mean not really, because there's not much that i really want to sell if it goes up, especially since it could then just start running so i'd probably rather just sell a bunch of puts.

Ah yeah anyway, uh like matterport, you know you sell a bunch of puts on matterport. Let's see what they'd pay you, if you go out to, let's say you go to uh december okay, that's 64 days and go for something: that's uh. Let's say out of the money on a put go to like 1750. okay, so that would give me a buck 35 for every 17 and 50 cents see that's not bad uh, that's 7.70 uh, sorry, 7.7 and i'm actually, i've got a buffer in there of about A buck 75.! That's not bad! No! That's actually really good.

Wait! A second yeah uh-huh! That's nice! I'm kind of interested in that because if you died, a hundred of those contracts a hundred times seventeen point five times a hundred that'd be putting in a hundred seventy five thousand dollars, but uh you get thirteen thousand dollars. Yeah i mean that's. That makes sense about. Seventy seven uh seven point seven percent and you have that buffer right, because if you went to twenty dollars being the money, you'd get twice as much, but you wouldn't have the buffer probably be getting next, you might be getting executed uh you could potentially even just Take it out longer if you wanted to get a higher credit, but i don't know that you'd want to interesting very interesting.

So let me write that down mttr, you know another one that could be cool. Yes, the stocks and psychology of money program does options, and there are a bunch of new options, lectures coming out in 10 days, which will be really cool too, which you get totally for free. No matter when you buy oh del taco, just reported eps came in at 11 cents, it beat by one cent, sales missed, barely came in at 124.3 million of sales versus the 124.8 expected uh comp sales came in at one point: eight percent growth versus the four Point one percent expected year over year: it's actually not that great dell tacos move here see here del tonko kind of uh. But then again you did include august and september, which i think were somewhat weak months or you have to include those in this quarter.

Yeah all right, oh well, let's shift. Let's look at shift technologies. Do you have something like shift which is kind of depressed uh, to say the least? Yeah, let's say let's say you didn't actually really want to buy it, but you bought a five dollar put now. You're not gon na get anything for that now, you'd have to you'd, have to go to seven dollars and fifty cents.

You get a buck buck, ten ten on seven dollars and fifty cents - that's nice too, but then see but then you're 75 cents out yeah. That's not great, because then you're really only 35 cents above 0.35 yeah. It's really only like 4.6 percent, never mind. Huh outlet puts no i'm a big fat outlet.

Call i mean. Maybe let's see owlette the issue is the options? Just you don't have that many choices here, it's just not that great. I don't really love them. So what about corsair? What what do? What are core surface? I mean they're.

Probably like nothing honestly, i can't imagine these pay much it'd be odd. If these paid a lot, uh well wait a minute two uh, but that's a little above okay. So it's probably it's realistically, like two bucks, two bucks divided by 27 ish, that's not bad! There's! Seven point four percent as well. For these it's not bad yeah.

There are definitely some opportunities to sell puts, especially if we see volatility go up. Those would be the nice ones to sell some puts on like i bet you, a firm has some nice volatility right now. Let me see here so, if i do hvg on a bomb, a farm should be no. Let's come down.

No all right. Fine then geez yeah volatility. You know volatility is kind of down, of course, uh. That's all volatility's, just down everywhere.

It's the problem. What has volatility? I don't know, maybe matapor ttr matterport that was undervalued, but i just don't want the market to know about it. Yet until uh we can get uh have some more time to build a position here, but okay coinbase, probably next time nothing. Oh yeah coinbase is at like rock bottom volatility.

Ah, not quite it was oh ten days ago. Wayfair should have volatility, let's see if it does yeah it swung back a little bit today. Spy puts uh yeah wayfarers if it's actually at about average right now in terms of all over the last six months, and if i go to spy, puts or just spy in general. Now the spy has some volatility.

That's actually interesting yeah. It is sitting at a volatility of uh, probably about 10 10 to 15 higher than its historic 50-day and 100-day. Hmm big puts oh, you know, that's got insane volatility vigg. I don't even think that's gon na.

Let me no, i can't even pull up the igg upstart. I don't know if it has too much. No, it's pretty low, ironically right now, because it's it's kind of just been straight up which, in a weird way, you'd think would be a little more volatile. But it's not! It just goes straight up uh anyway, all right so yeah wow, i'm sorry, ten percent, just crazy volatility.

You need good ups and downs like expi. You know they violently go down and they violently come back up. That should have higher volatility. Oh it did it had a lot uh.

It went up to oh august 16th. It was insane and the last peak of volatility was a week ago today, but it's fallen. A lot since then see that's the thing like price is just going up, doesn't necessarily mean volatility. It's actually a great time to buy calls which is weird, because prices are going up.

Uh huh wow ubiquity at two uh uh 321 nice yeah, i'm gon na - have to do some uh. Some looking into selling puts and selling calls, because literally i'm i'm out of money again uh like it's, it's very squid game enough said exactly camber has to be up there. Oh probably i'll check but uh, i'm i'm i'm broke uh, like all i i mean help a brother out check out those programs linked down below and use that 41 on coupon code, because i spent all my money but yeah camber is off it's literally off the Chart the historic 100 day: volatility is 229. The 10 day is 612..

It's like 3x. It's historic 100 evolve like holy moly uh. If you own shares, selling calls should be juicy. If you don't own chairs, don't sell them naked, uh wow seriously.

It's bar coding, because it just has that little volume mike is this right yeah, it is ugh disaster. I don't like this company at all. I did a video on it and i was honest not that i'm never not honest in the videos. It's just sometimes people like, oh, if you made a video on it, you're, probably bullish, no geez, look at how much i have to zoom in.

I also don't know why it zoomed out like that there we go all right. So obviously, this massive momentum bleed here. So how would you play this because the thing used to be a 30 cent stock? You know right now, it's sitting at a buck 30, but before this it was a 50 to 30 to 70 30 to 70 cent stock. So if you sold puts there's a chance, you're just going to be riding the bleed and even as volatility compresses, you lose money because potentially but let's say you got something - i don't know short like uh november and let's get a put for uh.

Let's see two. Certainly i mean they don't go under one ugh, so the best you could do would be one. Let's try it just see what it looks like kind of interesting, so one sold put at one dollar would give me 20 cents yeah. So it's 20, but i mean this thing can easily plummet to under 80 cents, so uh but yeah i mean 20.

For for this shorter term. That's not bad! What if i went even shorter tomorrow, just a one day: oh you get zero! No! No! That's not! Gon na work, when are you getting a dip on the prices on the courses? Probably never the the courses have never gone down in price. It's not fair to the people who bought uh to who bought early uh, and i keep adding content too right. Dutch bros.

I, like, i think, they're starting to get a little expensive relative to starbucks and it's a little fetish, how's figgs doing by the way. Speaking of fads, okay, yeah, i mean it doesn't surprise me that you're getting a little bit of this sort of bleed over here. Although look at that, it kind of looks like figs. Has a uh has a support over here.

Yeah. Look at this! That's not that's! Actually not bad. Keep an eye on that. That 35 level seems to be a support for figs.

Do you think we could see another dip in crypto next week with evergrand having another 250 million dollar payment due on the 18th and them having formally defaulted on the 23rd on their fourth spot, yeah yeah sure i could see that i wouldn't plan on it, because I think a lot of the fear has gone away and, i think fear drove the first big dips. It's been almost a year since i bought my first house with tesla and apple gains. Wow! Congratulations! That's amazing. Did my tesla calls break even yet? No, let me see no, no, no, it's gon na take another month of this.

I think um you're a lot better. Three of them are nicely, three of them are really green, and two of them are three of them are not that red, so they're about to turn green, which is great, and then i have one two, three, four, five, five different ones at different prices that i Read yeah tesla calls are funny, but that was all volatility because i was right about the price wrong about the volatility. That's why i always look at the vol charts. I didn't for the tesla calls those oopsies we're on a big fat downtrend.

Oh well! You can't always be right, but that's why we always talk about it. Bloomberg's having a live chat on inflation, well, i'll be danged. Bloomberg live, let's see, oh, look, we got an ad, maybe i'll, be able to skip it soon. Come on nope, they're gon na make us sit through the whole thing all right.

Well, it's almost over wells fargo mike santa massimo, all right coming up here on this program, we're going to talk about ups, we're going to talk about why the company is getting the upgrade over at stifle, we're going to speak to a key analyst about just missed It what about cnbc and so um and in my own research. What i found is that, although wall street likes to throw up at hands at a lot of the high growth names, it turns out wall street's, pretty smart when they assign high price to sales ratios. To a lot of these stocks think think zoom, for example, um or you know roku, for that matter they have a good way of sniffing out um. What's not just a flash in the pan mean stuff, but what is going to be wait? A sec corsair, just uh, just reported earnings - hey hey! I was just talking about this dog of a stock.

How convenient course hair see? Let's see what happened here course: air announces preliminary third quarter financial results and outlook q3 net revenue about 391 million dollars. Uh sees fiscal year. Revenue of 1.83 to 1.93 saw 1.9 to 2.1 oop. Well, that's a miss on the fiscal year forecast down down a good chunk here.

How convenient oh yeah! Well, it could be a little bit of an overreaction. It's starting to it's trying to rebound here. Uh, let's see if we get a little bit more information on this thing, uh yeah corsair! It's it's really the cut on the forecast. That's not that good! That's why people are freaking.

Um conference call schedules for today. Okay, of course, here sells gear under elgato, i'm just not so enthused about people still spending money on uh on all the stay-at-home stuff. It's one of my issues, my concerns, based on what we know today, we're updating our guidance yeah, don't sound too good several years ahead of our growth expectations. Well, that's nice! Okay! I think the conference call will give a lot more color on what's going on over here after a slower start to the third quarter of 2021, we've seen a return to more typical seasonal ordering, with september being the strongest month in the quarter, uh global.

Oh here we go. We believe that 2021 net revenue has been held back by at least 10 percent by global logistics and supply chain issues. Well, that's not so much the company's fault. You cannot tell me that video games are not stay at home.

It's like physically. What video games are like the definition of video game is stay at home unless you're talking pokemon go uh. No, i i personally don't use the elgato i used to they already stay at home. That's my phone! No! No! I know that i'm just saying, like they're they're, see here's the thing when we say that of course, they're already stay at home.

Well like so is donkey signed right. But the point is you: you get investors that move into stocks like this because they think, like the delta variants, going to come, and it's going to encourage more people to not buy soccer balls but to buy gaming computers because they're going to be stuck at home. For the whole winter right, so i think until we get delta behind us, you could still have headwinds on on anything, that's related to the stay-at-home economy, whether it became a stay at home or was a stay at home, i'm not trying to diss the thing uh. You know just i mean i was just looking at it like.

Why is it so you know so cheap and uh. You know here you go growth's, slowing, oh well, uh ups, upgraded! I don't care. Okay. What else i don't know we have anything else.

Self puts yeah there, you go it's an expanded market, while people can't go out, the gamers aren't leaving the casual people who played over yeah all right yeah - maybe maybe you sell, puts tomorrow morning all right. I think video games on all year round thing all right. Well, i think i explained myself so what else do we have here? Alcoa pays investors dividend as aluminum market surges; oh gosh yeah they reported today. John deere walkout leaves 10 000 people off job no way.

Thousands of john deere assembly workers on strike this week are the last sign of unrest. Wow workers took to picket lines early thursday after the company failed to reach an agreement with the united auto workers. Union 10 000 unionized workers on sunday had rejected a tentative agreement by a 90 margin. Whoa workers feel emboldened by the worker shortages.

Workers are in the driver's seat yikes hours earlier, 60 000 union tv and film workers announced their plan to strike for the first time. In a century, more than a thousand kellogg serial workers have been picketing since last week, 24 000 kaiser permanente healthcare workers may soon be going on strike. If the company doesn't meet their union's demands. Jeez man, wow people are refusing to return to crappy jobs with low pay.

Wow part of the issue is rising profits. John deere and co has already posted a record 4.7 billion profit this year, creating a perception amongst its unionized workers that the machinery maker is holding out on wages and benefits. Profits and john deere have skyrocketed 61 in recent years, while its ceo's salary has exploded 160. Since the start of the pandemic, ouch yikes people are quitting for mandatory vacs yeah.

My job work, yeah yeah. I i believe it i believe yeah southwest aren't showing up because of the weather uh. Can we do a poll should help? Oh, we don't need a poll. You need to watch squid games, it's that simple, like a poll, is not necessary for squid games like everybody's, going to be squid games for halloween squid games.

Yes, bloomberg opinion twitter, talking about inflation; okay, maybe pull that up. There we go. Let's see, that's a pin. Is that it no that's greener future? Oh, was it this? Oh i'm gon na have to log in all right: oh, no continue to clean it hold on i've.

Never i've never done this an exciting reason to buy a stock, but it's not one that people can can disagree with. Does this? Does this have any of us made any? This is just like glorified clubhouse right. Just asked greetings i mean, or are they as unsatisfying? Those answers, as most of us feared they were when we were making them boring. Squid games equals not original.

Oh, how could you? How could you say that all right well, the strikes are interesting. I mean that's, that's not going to be good for isis that we're dealing with. What's sarah got to say advance, particularly for the busiest time of the year, the holiday season, many of our members have taken on extra capacity for warehousing they've got extra goods in place. They're in good shape, uh in terms of inventory management.

We've we've seen the pandemic play out over 20 months. We know the supply and the demand shocks that have been part of the system. So we've been encouraging consumers to get started early. Make sure everybody understands the challenges, but but we expect that we're going to be able to meet everybody's expectations this year, uh we're going to have to all be a little bit patient, but working together.

We can do it and we're looking forward to a great holiday season and then we'll work through these issues as we get into the new year. Matt. Thank you for joining us, always good to talk to you thanks, sir, how about the nrf? Let's uh get up to mike now for a look at valuation and profit expectations. Uh ahead of the oh 23andme just blew up in after hours.

Yes, of course, the uh, the the non-bank uh piece of it that's to come uh. You know we talked a lot about how the overall s p, 500 earnings valuations - have actually moderated from the start of this year, as earnings have come through better, but there's really a wide spread now opening up between the headline index and then the equal weighted version Of the s p, which is actually a good deal cheaper, and it's basically where it stood at the pre-coveted peak right so early 2018 was the peak evaluation. Before we got through all these gyrations uh. It shows you that perhaps it's a very top-heavy evaluation story.

The top 100 most expensive stocks in the s p 500 traded something like 40. wait seriously. It just says: 23andme jumps 12 post market after cnbc mention. Are you serious? Oh my gosh, that's it just to mention i mean that's bullcrap.

Who cares? Well, that's probably why it's slipping it's doing the the cnbc pump. It just goes down. Uh ceo still was let go from oh wow, uh cnn blatantly lying well. I've had my experience with that.

I agree and that's not even a left or right thing. I had to send them a cease and desist letter because they blatantly lied. So that's there's a video about it on my channel all right so uh all right. I don't know what what what's next it's a crazy day, oh wow pay safe, actually shot up about.

Seven percent today touch bro dutch bros have just been wild. Dutch bro is an upstart wild. I mean a firm's been in there too yeah all right. Well, let's see uh quickly.

Is there any other news here? I don't. I don't know if these folks are very newsy. Let's see what they're saying debates over the next few months, we've had um uh, quite apart from the possibility that uh joe biden might choose to uh um replace jay powell. Oh no, he ain't getting replaced.

Don't even talk about replacing my dad, i mean uh jerome powell uh, okay, ceo, who built gitlab fully remote worth 2.6 billion with ipo commercial mortgage-backed security refinancing, is at risk as empty and blah blah bannon. Now all right! Well, oh from wall street journal, something let's see uh, let's see where did they go? Modern booster shop, backed by fda advisory panel, dow boeing runs into trouble with dreamliner defect. Yeah, i'm tired of hearing about boeing's problems: microsoft, folds, linkedin social network in china, just not that fun banksy shredded artwork, sells for 25 million and that's interesting uh. The painted the painting that the british are purposely shredded sold to an anonymous asian collector for 25.4 million wow.

It's the best. Yeah bank sees the ball all right, yeah, no kidding right, bye, baba, yeah amc did well today self puts on baba. That's an option. Let's see if you go to 36 sell puts 12 bucks.

What is that uh? Because this is roughly at the money right? No, because the thing's at 166, so you're, probably better off being 165, but then you're gon na pay, less sell, put yeah eight bucks. So about it's roughly nine divided by 165. for november, it gets you about 5.4 percent for december, it's a little longer about a buck off, so 14-ish divided by 165 8.4. It's not horrible! I might do that anyway.

Uh. We tracked the volatility of corsair but yeah. We can update it tomorrow morning. Just remind me, then, all right folks, i'm gon na go chat with me in discord.

If you want go to mckevin.com chat, go to mckevin.com bf, to get yourself a block fight credit card and up to 250 dollars for free, go to medkevin.com public, to get up to seventy dollars for free and go to metcalf.com life to get life insurance in as Little as five minutes, thank you so very much for being here and we'll see in the next one good.