Hey everyone meet kevin here. Welcome back to another closing, live stream. Okay, let's talk about stocks and will they crash again? Are they definitely going to crash again? Are they maybe going to crash again and really what's going on in this market, because i've been studying this market for well every single day this year? And i i noticed some similar patterns with what this market does and i think it's kind of funny uh but uh. What i want to do is i want to.

I want to show you kind of what i'm seeing so take a look at this okay. What i'm going to do is i'm going to take us back here uh on n phase, i'm going to go back to may and take a look at this okay, so this market was booming from 2020 through to about february february 19th. Remember when we got prey on the bloomberg terminal - and it literally told us to pray and stocks plummeted for the next three months thereafter and in february, what did our market do? In february, people bought the dip we bought. The dip bought the dip, but unfortunately the dip kept dipping in february.

Remember that we were like. Oh, this is like a 17-layer dip, so the market continues to dip. Market falls into march market then falls into may and we get this long extended period of time. Where we're like we're out of money - oh my gosh and what's kind of crazy - is that we've been so accustomed to buying the dip that the market having so much cash is now so used to buying the dip that i personally believe anytime.

We get the beginning of a red period of time. The red period lasts longer and longer, i'm sorry, less shorter and shorter. You got to phrase that correctly the red last shorter and shorter. Now i don't, we don't know if this will continue, but here's what i mean when we had this red period here at the beginning of the year.

We really spent these first two months from uh after when it started around february 19th to around uh mid-april. Having this sort of pain - and we had these really short spurts until we really got this fall, it's almost like two and a half week fall here in may, and this was really the pain of 2020 uh and then ever since then, we've had these shorter period Of periods of dips we've had these maybe four or five day periods of dips, where which we kind of saw the third week of july and the third week of august and we've seen here, but we seem to buy them up regularly now this is end phase. Uh, an end phase just hit a low of about 149 yesterday and it's kind of starting to rotate up again, but i'm noticing this uh in many different stocks where, when we get these dips they last for a few days, they get bought up. They last for a few days, bought up a few days, bought up a few days, bought up and we've really become this sort of buy the dipper kind of mentality of of stock market and uh it.

You know, while a lot of this, i mean look at some of these games gains here. Right you've got lucid up: 11 percent matterport eleven percent uh emeryn, ten percent. I mean these are some incredible numbers here. Uh dutch bros went from being negative this morning.

To being up uh 7.17 percent, so we're seeing a lot of this capacity to take money and after a dip throw it into the market. I see that consistently over and over and over again to where yeah we'll get these dips. For example, right now, i'm looking at wind resorts win resorts kind of been on this little downturn here, mostly starting here, because of delta delta pushed this down. Now we've got the sort of chinese drama and chinese chinese debacle, and this is one place where i've expressed a lot of caution for buying the dip, because the chinese drama has just gotten worse and worse and worse, you look at baba.

This is probably your worst possible by the dip here right. It's something like alibaba, where it just continues to go down and down and down, but otherwise buying the dip and just keep buying. The dip has generally been rewarded. Look at docusign just as an example every if you just bought red every single time here, you generally got rewarded uh, let's, let's think of another one here so uh end phase good example: uh uh, you know generally cons, although we're still kind of in a dip Right now uh this: let's go to trade desk.

Let's do tdd so uh trade desk. Here we've had these dips, uh and uh. You know: you've got kathy woods buying the dip over here as well, kathy wood buying the dip on trade desk, but trade desk. My let me try to rephrase this where i'm going with my sort of uh thought process here.

Is i'm finding that, because of our reverse repos at the federal reserve and institutions having so much money, i'm finding a lack of true pain coming to the market? That's where i'm trying to go with this a lack of true pain, that's actually keeping stocks into lower, more painful periods that could lead or rival what we saw during the pain that we had in may. We had our volatility index spike higher than what we had in may, but our prices didn't get to may pricing again. That's what was so weird is we had more fear technically per the charts than we had in may, but pricing didn't get anywhere near may. In many stocks, with the exception of some recovery stocks that got pushed down because of either uh china, like wind or uh or just delta fears, if we look and compare a lot of our stocks to, may we're a lot higher.

Despite the recent kind of falls that we've had so look at trade desk uh a lot higher than where we were in may look at end phase a lot higher than where we were in may look at tesla much higher than where we were in may uh And this is or even amd, let's go to amd look at that amd was at 72 in may. This was the last time that i really plowed money heavily into the market and since then i've really been along the way along this sort of slow ride up. I've been closing out a lot of options. I've been closing out, call options that i've had and i've been taking profits on sold options like sold, puts and sold calls and building up cash.

Now i've built up a lot of cash because i've been selling the contracts. The the options that i've had that have been profitable and i'm kind of sitting there. Looking at the funding going wait a minute like when are we going to get back to a may style dip and the market has been really good about staying away from may style pricing? I was really hopeful that we were going to get back to may pricing when we had our volatility index as high as what it was in may and even higher at one point yesterday, look at the vix here. Look at the mix so go to the day.

Chart on the vix and uh there we go so, let's zoom out here: okay, here we go so may it's a little easier to see when you just pull it down like this. There we go so may was right here. This is may, and yesterday intraday we broke above this line. It doesn't show that ending on the day chart.

So if i go to the hour, see how it breaks this blue line here that 2774 right here that doesn't reflect on the day chart, but we broke uh, we broke may's high, which was 27 59, and yesterday we hit what was it 27 74. see. We beat may in terms of fear, but we got nowhere near that kind of pricing and that's why i believe we've got this really bizarre market. That's really spurned by the fact that we've got too much cash.

The markets have too much cash. That's why the american markets can't fall. It's it's a really good thing like don't get me wrong. Like grand scheme of things, it's wonderful right, grand scheme of things it's great.

It means the market is, is so resilient to price shocks, but in terms of wanting to buy the dip, it's also very frustrating because it's like wait a minute. The dips aren't that good, yesterday's dips weren't that good the companies that sold off 10 yesterday and at 10 back today, like lucid and matterport they're, not good deals in my opinion at these prices uh, and so that's where i look at okay. Well, what's left at a dip right? Well, one of the ones that i've been dip buying is end phase. Still we don't get the may pricing, but it's still not at euphoric pricing.

It's certainly not past february pricing. It's not even close to february peaks. It's not even close to recent peaks in pricing where at end phase we usually seem to peak out right around 200, we get those resistances and 200. Sometimes we run past that a little bit, you know same thing with tesla.

We haven't seen that kind of february style peak. Yet, though, we've been on a wonderful uptrend uh for tesla yesterday didn't really stop tesla. It was so tesla sold off like four percent. It's back one point: two percent today, uh it read finn.

Redfin is one of these exactly i keep getting asked about redfin, and one thing that i find with uh redfin. Is that the only thing i could say in terms of why you've got redfin, zillow and open door uh that haven't been performing so well since february, and they've been on this rough downtrend they've been sort of channeled to the downside. One of the things i realized here is you really have a sector that got a lot of excitement. Oh here, the easiest way to explain this is like this watch this.

So let me go to investor relations, redfish, and i saw this when it was happening, and i talked about it. While it was happening - and i thought it was really annoying, but i think the market finally realized the revenues these folks were using are not exactly what you think. So let me give you a quarterly here and you'll, see what i mean it's worth. Seeing this so go to not a proxy give me a quarterly there.

We go okay. Here we go quarterly from august watch. This okay revenues come on okay. Here we go all right: product revenue and service revenue, so obviously great growth since 2020, but one thing that people look at a lot is this product revenue, but something to know about the product revenue at zillow, redfin and open door is mostly or mostly has to Do with their house flipping business, and so over here you're, like oh, my gosh look.

They went from 72 million to 172 million. That seems like a massive kind of growth right, but their expenses went from 73 million to 167 on those same properties. So it's like this really if we got rid of this line - and this line right here and just put the net in here it'd be like an extra five million dollars of revenue. It's actually not that much revenue growth now the service line.

This is wonderful, really excellent service growth and that's where the company is making money, but on the house flipping, which is what zillow's doing like crazy, open doors doing exclusively and redfin's doing like crazy on house flipping you've got lots of revenues, not a lot of profit. I mean you're talking about like maybe one to three percent profit is what you're trying to pull out of these, and i think wall street for a period of time got enamored with these stocks is like. Oh, my gosh, these companies, their revenue growth, is insane, and so you got these insane peaks at zillow and at redfin and open door, because wall street was like look at all these new revenues that are coming in it wasn't until there was almost this realization that Wait a minute: those revenues aren't profitable revenues. Those revenues like kind of worthless revenues that the market kind of, but because, when you look at the forward price to earnings on redfin and zillow and open door, they're not like exceptional deals at these prices.

Uh and so that's why i haven't been super excited about uh, adding to to sort of the real estate companies either uh. Now you look at something like etsy, here's another great company, like my favorites, the ones of my favorites that are back to may prices or none of them are like if i could get them back to may prices golly i'd love to buy just millions of them. Uh but anyway etsy's another one where it's like great company, i've loaded up on etsy so much but uh, it's just not not at a particularly juicy price right now, uh, let's see what's another one: let's do so. We did end phase.

We talked about etsy end phase, though out of out of them is, is still at a relative low. So that's where i've bought that one a few times over the last uh 24 hours here, uh, let's see here, canoe, uh, huddy, cutty, it's rotating with crypto uh and i'm doing a larger trade on crypto. Although i did just buy a little bit of crypto in the dip that we've had over here, um, let's see recoveries are something else that interests me because recoveries didn't have thing is, while they turn slightly red, they didn't have that deep, bleed, like a lot of The tech companies did, let me see how nvidia did uh during may may yes see, look where nvidia was in may and where it is now right. It's insane, i mean you're, almost double, not quite almost double uh.

What what you had in may yeah less than double, but but anyway, still pretty few pretty huge difference here, always a dip and never rip uh. Let's see here, uh yeah, that's i. I see the comments here about wanting to find pain in the market, and the thing is pain is being so quickly absorbed by how much cash there is. It's really become it's a frustrating thing for for by the dippers.

It's a great thing for the market. In general uh, let's see here, yeah airbnb airbnb has been see, airbnb got to its may dip in july and has recovered really nicely since then uh nice recovery still not where it was. But look at this wonderful growth. I mean this is just like stable growth.

Here, that's the same kind of growth that you saw at tesla. You know this was a little erratic, uh and and quick to come about. Uh. Here's so far been a little bit of a sideways traders.

Well, so far, if uh, you know, is one that's kind of sitting closer to those mid levels. I like the relative to may, and the reason i always go back to relative to may for fintech or tech is because there were serious pain. Then so i do like that again, we talked about zillow, open door redfin the problem with these right now, uh upwork, not too far off of its may pricing. You know 37.38 sitting about 49 now, but not too much of an extension above that see robin hood.

Robin hood, it's been, you know as uh, since its ipo obviously lost a lot of uh excitement. It lost that sort of euphoria at the bump. It is over ipo price, though uh. I think you could probably see a consistent growth on robin hood kind of.

Like you saw at uh airbnb that wouldn't surprise me that you kind of get the the hate out of robin hood and you see a nice slow growth at robin hood trade desk, obviously up substantially from from that may dip. This is the first time i bought trade desk was during that may dip so, but yeah now now it's like ah tough, right, uh and i think that's how a lot of us feel it's just like. Do we really have big opportunities? The chargers have been kind of interesting. The chargers have had made dips they're, not too far off of their may dips.

Either you look at blink. The may dip was around 27 we're at like 29 right now on blink. You look at charge. Point charge point broke 20 dollars today.

Folks i mean look at this line that this support line, that it's been sitting at, and it's just been stuck at that support line for quite a while solar edge, uh solar, edge and kind of the the solar companies sun power, uh they're off their may dips. Most of them - let's see here actually look at this sun power found one close to its may dip again, so that that might be another one to look at sun power. Solar edge was off the may dip. Yeah solar edge is nicely off so sun power write that down sun power, sun power uh also draftkings, is down uh substantially.

Today, look at this draftkings down here to 5278 relative to may where it was set 39 and the end of july, where it went to about 41.42. So an interesting potential opportunity here. Wind keeps dipping and again concerns here, obviously because of the uh chinese issues, and you don't want to look at you, don't want to look for may dips and recovery stocks so keep that in mind as well. It's it's so you have to be so compartmentalized with with uh fintech and tech.

They had the big may dips and i like, comparing those to see, what's been left behind so to speak there roblox roblox, see here is the may dip for roblox roblox went back to about ipo pricing around that 65.. I like the idea of keeping an eye on roblox, especially if we could pull this one back down. I don't know if we're going to revisit some of the may pricing, though it'd kind of be like looking at end face and going oh yeah. Eventually, it's going to go back to made pricing not necessarily and we'll see but end phase is one i'm happy to just dollar cost average in on, and i think that's where there's a potential strategy in just averaging into this market, still maintaining good cash like i Still believe in rcc don't get me wrong: real estate cash crypto and i'm playing a crypto dip trade right now, but uh buying real estate.

Finally, closing it's not closing today should be closing tomorrow. My uh real estate deal. Writing it off for another one but uh real estate cash crypto, but i don't want to let my cash position get too ridiculously high. Still getting out of those call positions as i can, and we got fedex looks like reporting after the bell.

So we'll take a look at that, but in terms of fintech and tech, where can i dollar cost average in to uh really take advantage of just placing money, uh and uh and then still having a balance of cash, but not too much see like here's? A nice dip on on google, but then again i mean it has had this insane incredible run. I mean: how much are we really down here? It ran up to 29.36. Now it's at 2800, okay, so 2800, divided by 29.36. We're down hey we're down about four and a half percent.

You know i got rid of my call options on it, uh, which was great. We took some nice profits on those last week and uh. You know if you were to cash part or park. Some cash google's been pretty insulated uh.

Let's write that down as well. Goog all right, disney, 150 disney's, a great company. I did see that disney dipped a bit today. I do want to figure out exactly what happened, because this to me looks like a news event here.

On disney yeah disney looks uh. Google looks exactly like the sp yeah. That's because it's one of the biggest weights in the sp. Why too? So? Keep that in mind disli disney down on subscriber growth, okay, so that's kind of like a netflix pain, then right.

Okay, so let me go ahead and uh pull into. Oh. We got here, oh yeah, here we go walt disney, ceo said movie and tv production delays would temper the growth in new streaming customers that some analysts are expecting. Well there you go.

They basically issued a warning, saying: hey just a heads up, we're not going to be doing as well as you think so, uh anyway. I just want to be clear. I'm still very, very like, in my opinion, i'm in the highest cash position that i've really been in uh in a very long period of time and as usual anytime, i send out alerts, i send them out, uh or anytime. I buy or sell something i send out alerts in the stocks and psychology money group, which is always like a weird feeling, because it's kind of like uh, you know i i always say want the best for for for the alerts, but it's just like it.

You feel naked because it's just like you just put everything out there, but it's actually a good thing because uh i i what i always recommend is that you write down your strategy and you have some form of a written strategy for when you're, investing and uh. That, for me, is just like the perfect way to force myself to write everything down, because i write my thoughts. You know i put my thoughts in like hey: do we do we think? How much do we want to prepare for a dip? How much? Why am i closing call options? Well, okay, why am i buying? Am i dca again? What am i doing so um yeah very, very interesting to me this uh this market? It's not something where you know i feel compelled to go all in on. I also it's this weird feeling.

I also don't feel like i'm necessarily missing out by having a larger cash position in in a broader sort of diversified group of stocks uh, because uh some things have somewhat traded, sideways and uh. That's where i've been selling puts selling puts are great when things move up a little bit or trade sideways. It's wonderful! So it's it's just a crazy market. Let's talk a little bit more about it here after the bell all right here we go there.

You go! Okay, the smp literally just went negative before our eyes here down down point one: five percent s p down point one percent now and nasdaq's up point two one and the russell's up uh 0.19. So what will be really interesting is if tomorrow, we end up getting uh some red again, because here's here's something to pay attention to as well. I would write this one down. Oh and i'm gon na pull up fedex, really quick, but i would write this one down.

In fact, i'm gon na write it down okay, pain before 11 a.m. Pacific, i'm gon na write that down so uh and i might go into tomorrow with that sort of dca strategy on things that i believe i haven't run away excessively, like i hate to say it, but i feel like mad report, a little bit has run away A little excessively to the point where i've taken some profits on that report and uh great profits on that report. Actually we love matterport, but and it's a company i want to own and buy more of, but it's not a company that i'm i'm married to when i think, there's like a a runaway, so um and and not all companies would i be willing to trade out Of a company because i feel like it's run away, that would be more uh. Companies that i feel like should have, or have a market deemed anchor and a lot of specs.

Do a lot of specs have sort of a market set anchor and, and sometimes they stretch away for you know two three weeks, four weeks whatever and they come back to their their spac reality so to speak anyway, i've got fedex earnings, uh ready, and i do Want to talk about my strategy for tomorrow, right before i pull up running soon, we've got a few minutes before earnings earnings, whispers calendar uh, the market; okay. So we have adobe and fedex today, so the market is really difficult to articulate well, but i believe best way to describe it is if you're looking to get into tech and fintech. Probably the best thing to do is have some cash on the sidelines, maybe 10. Maybe that's 10 cash of your portfolio on the sidelines have long positions maybe use some of your collateral uh as uh to sell, puts to potentially get into positions lower.

But when you want to be and build out longer positions and companies, you know you want to buy and hold and you have the potential or you suspect they have the potential of running, buy the shares. There's nothing wrong with just buying the shares, because you've got massive theta decay on call options on sell, puts they could run away from you and unsold calls they could run away from you uh, that's not to say, don't, take advantage of those but uh dca in On some shares, while still maintaining cash, especially as we get you know, as some stocks have not advanced as far away from melos as others again like etsy versus end phase, is the perfect example for me. I think then, then those are just opportunities where you say: hey take advantage of the little dips average in a little bit, maybe you're lowering your cost basis, maybe you're even increasing your cost basis, a little bit and uh. I personally am i'm increasing my cost basis.

A lot on end phase, i started buying end phase early and uh. Every time i buy end face my cost basis goes up. I don't really care what my cost basis says. I care more about making sure that, as my portfolio grows, i'm allocating to all the different companies that i really believe in and sort of growing that pie for all of them.

So yeah i hear crypto uh is crashing, let's see here. Well, i don't know how much it's really crashing. Let me see btc, no, not really, i wouldn't say it's crashing, so i just bought the dip on crypto a little bit ago. It was lower than where it is now uh and now it's recovered a little bit since i bought so nothing too surprising there but yeah.

I just bought the crypto dip and we've got earnings in about. I believe, one minute on adobe and uh and fedex. So we'll knock those out quickly. So, let's see here: okay, adobe, okay, yeah, adobe, fedex up good, so uh yeah ada.

I don't know if we're gon na see eight or one dollar again, honestly, oh, but what you will see is up to seventy dollars. In free stocks with public by going to mckevin.com public met kevin dot, com public you get up to seventy dollars in free stocks. They do not buy or sell your information and they do not use payment for order flow. Fedex just came out, eps comes in at four dollars and nine cents adjusted eps 437.

This is a miss folks, uh, oh uh. Oh, this is a miss on fedex uh. That is a they had. An estimate of 492 on revenue came in at 437.

I'm sorry on eps operating margin came in at eight point. I'm sorry. It came in at six point: eight percent. The estimate was for eight point: five, two percent: that's a miss on the bottom line.

That's a miss on margin. They did beat on revenue 22 billion versus twenty point. 21.88. Fedex reduces its earnings.

Outlook to reflect q1 results. Uh. Okay. This must be their q1 here.

Uh yup reduce their outlook as well, so guidance down bottom line down revenue b, but margin them. This is overall out of this is three out of four pieces are negative here on fedex uh shipping rates to increase for fedex express ground freight services. Let's see here, earnings infographic that sounds cool uh yeah. That's that's painful there.

On fedex, though okay adobe is out as well. Adobe just came out. Adobe digital revenue is almost a billion dollars. Wow 985 million uh.

That's for digital experience, revenue, digital media revenue, no idea what the difference is: uh 2.87 billion experience revenue up, 26 percent media revenue up 23. Let's see eps 311 looks like we got a beat on estimates for adobe. We came in at 311 on eps versus 301 expected revenue came in at about 4.07 versus 4.0 uh 4.04 expected, so it looks like a beat on rev beat on eps yeah, okay, so fedex was rough yeah, oh yeah, and i wanted to talk about the 11am Thing tomorrow i got ta do that so fedex had a little bit of a rough miss here. I think adobe was more along expectations: uh fedex uh falling in after hours.

Obviously yeah. You would expect that it doesn't seem like it's that horrible of a drop, though. What a couple percent here on fedex, i think so so fedex going down whoops fedex, let's just throw you in the watch list there! Why not? Okay! So fedex is down about 2.5 here in after hours and adobe, which is a great company, oh wow, adobe! Actually, down too see, that's the funny thing about playing earnings. Just notice playing tech earnings is scary.

Playing recovery. Earnings has actually been good. Like remember, we did the dave and buster's play that was great uh, let's see here so that was uh yeah. Look at that adobe's actually falling nicely here, adobe's a company that i would consider opening a position in well.

So, let's see what happens here: okay, yeah down four percent right now, let's go to the day chart and then let me tell you about my thoughts for uh 11 a.m hold on one second. Here i just have to send this. Okay, there we go so um i'll. Tell you about my thoughts about 11am one.

Second, let's zoom out: oh wow, look at the run, though that adobe has had it's really incredible. Adobe's just done phenomenally. My goodness adobe's done very well very, very nice here so i mean four percent 3.7 percent, maybe because it wasn't as much growth as it was expecting, but i mean it's a drop in the bucket relative to just how well adobe has done really incredible. Let's just compare for a moment: let's see how amazon's been doing see, amazon's been trading a whole lot more sideways.

They really had a trouble breaking out of this channel here and apple has kind of broken out nasty, but they're heading back to that channel. Fascinating a lot of channeled companies, the exception of uh things like google, google adobe have just been straight up: square's kind of been stuck around the same price for a while yeah huh amazon is the illuminati changed my mind: oh my gosh uh, anyway. Okay. So so, let's talk about the 11 o'clock thing, so you've got tomorrow.

The chinese economy coming back uh, it's not the economy. Coming back, the government comes back, uh government comes back and uh there. There are some there's some talk about, maybe some regulatory announcements that might come out with evergreen uh tomorrow. You've also got the federal reserve they'll talk about whether or not they'll have ended up tapering tomorrow or not we'll get a new summary of economic projections so uh and - and we should know a little bit more about where this debt ceiling negotiation goes.

I think everybody expects the debt ceiling negotiation to be fine, so i'd say, there's probably a little bit more catalyst for negativity tomorrow, especially since tomorrow will also be the day before the evergrand crisis potential crisis, because you've got the next debt payments due for evergrand on Thursday, so i think that there's a chance that calls on evergrandy - i don't know about that - i think there's a chance. You could see some pain in the market before 11 o'clock tomorrow, because 11 o'clock pacific time uh that would be for that time frame. I think the market might be tentative because of jerome powell uh because of what happens with evergrand, which i think we'll hear a little bit more about uh tonight. But what we hear about tonight when the market opens in china this evening will be more uh.

I think anticipation from thursday when there's a chance of missing debt payments, so i do think there's there's reason to expect the market to be read tomorrow, but i don't expect us to have massive pain, the market's just been so resilient uh in and that's where uh It almost just seems like dca-ing on on some of your favorites that haven't run so much since. May it's not a horrible strategy. Uh, it's uh it. You know again, like you saw what happened with with tesla.

Here i mean just look. Look at some of these great companies here: okay, so great companies, tesla you've got this nice growth trend. You could dca and really anywhere along here and you'd, be okay, with the exception of, if you bought in like february and then you'd never bought again right. You bought google anywhere in the past year, you're - probably fine, amazon, a little tougher, because we've had some crazy fluctuations, but hey as long as you didn't buy here within like in in july, while it was running, should be okay as well same thing.

Apple looks pretty. Similarly, there are some companies that have had exceptional kind of pain, though uh, where they have not recovered from some other male and that would be company like pinterest pinterest has just been getting wrecked. I'm going to pull up the financials, really quick for pinterest, okay, so adobe adobe's still growing like crazy, too. Okay, so pins pins has been one of those holdouts all right, so pins, pinterest, pinterest pinterest.

There we go so uh pinterest. One thing that's fun to note about pinterest is that they're expected to have a one dollar eps by the end of the year, which means it's profitable. You know, unlike some of the newer insurance companies, oh stitch fix just shot up like 15 on a revenue beam. That's cool uh, unlike some of the other companies uh, that uh that aren't profitable, uh pinterest is profitable.

Now it's it's trading for about a 50 times earnings multiple for 2021. uh. However, this is a company that's expecting to experience uh somewhere around 30 growth for the next two years and then probably closer to 20 percent growth. Thereafter, if uh, let's do a little trend analysis here on pins all right, let's see here just a little trending pinterest.

I don't know why these people is yeah that, and that's always that's been one of the downsides of pins, and i know it's very app-based but pinterest has become. It seems like less desirable for some reason over the last sort of five years. Uh and - and so this is a risk factor for pins. You know, generally, what would you prefer is to see growth like let's try, etsy just for comparison, uh, yeah, okay, exactly pinterest! There you go look at the last five years here on these two, so uh look at etsy pass uh pinterest by a lot and and really still grow.

Above now, uh etsy has also been slowing down a little bit here in 2021, which kind of makes sense that you're out of the the sort of the pandemic era everybody's at home, using etsy kind of on a regular basis, right kind of makes sense. I wonder if you would see that with amazon as well - let's throw amazon in here. This might skew the chart substantially, though yeah it will. Okay.

Let me just look at amazon: let's see here, okay and was just amazon, so amazon has seen the same kind of decline here as etsy in uh 2021. But it's also. This level is still, ah that level is yeah slightly below pandemic, but above pre-pandemic see. The relative strength here is about what you get to about high 60s yeah here: you're high 60 low 70s.

So that's good! It's about the same on etsy, which is great. You know we'll take that yeah you're substantially higher than where you were in 2019. I mean way higher this. This is one of the reasons etsy in my opinion has been running.

It's it's just it's an incredible uh, incredible company and uh. I own a lot of it very happy with it, but uh yeah pinterest, that's one of the downside risks of of pinterest, and so it's like well, why? Why is pinterest kind of you know doing this? Well, possibly because the market is has sort of transitioned, uh or people, people have lost interest, potentially in uh in pinterest and that's dangerous right. It's kind of like the potential that people have lost interest in shopping in retail stores. It's like sure you had this devastation on retail stores like macy's and nordstrom's or whatever uh, but uh, but still you know you eventually like how much are we still buying going to nordstrom's? Are we buying more online? I don't know i don't really shop for clothes that much so i'm not a clothing expert, which is one of the reasons i generally don't get involved in the clothing companies, any of them like lulu, nike uh.

You know, i think it's good to be a strong customer of the companies that you're investing in uh. Let's see, let's explore a little bit more here, so uh crypto, oh, it looks like crypto just dipped a little bit more uh yeah, that's on the one-hour chart, looks like yeah on the fire on the five minute, we're rotating down a little bit more again. So that's that dip is sort of rotating a bit more. I've got a larger trade that i've been doing on crypto, where i sold a ton of my crypto a couple days ago and it's down from there, which is great because i've kind of been dca nibbling back, and so it's been just a little trick to lower My bases it doesn't always work, obviously, but it's worked very well recently: uh, okay, so hmm what uh? What else you know? I mean we love n-face, love, etsy! I talk about them all the time.

I do love apple and amazon, but i've got a good position in them to where i'm not convinced that i have to keep adding to them. Google is something i'd be interested in: creating a bigger cash park position and honestly, that might be something to do where you almost just have like a cash park, pie, uh and, and you throw it in and then it's like here. That's that's for cash park purposes and then anytime, i want to go, buy the dip on something. Maybe you pull a little bit from that pie? Uh, that's possible uh.

What would be neat you know, what'd be really neat. Is you do a pie of stocks that have gone down okay, so stocks that that are still relatively rubber banded to their uh to their lower levels? So, for example, maybe that looks like uh end phase right. Obviously, i've mentioned that one a few times you throw in uh isn't amd amd's rotated a bit down right yeah. Maybe you throw in like it's kind of like an end phase amd and you call it like the pain pie or something like that.

The new pain pie, where they're really great fundamental companies, but you kind of park your money in them as uh as a little bit of um sort of a cash park, but then also by the dip, see look at that disney now is at its may pricing. Again, uh i'm gon na put this on that end phase amd dis. What's another one, the pain pie, somebody help help me make the pain pie. The c3ai have been i've been a little concerned about.

I bought that one. The only reason i ever bought that company was on a trade uh and it was really because it had such a strong support line and then the stock just didn't care like this was a very strong support line. I mean we had on the hour chart on the day chart. We were bouncing off this thing like crazy, but, as you can see, it didn't give a crap.

It did not give an f um crowd, crowd crowd, strike, um crowd strike cloud flare. These are interesting. These are i'm going to put those on like pain like stocks of interest, crowd, strike, question mark how's cloud flare or like click cloudflare has just been ripping what about like fastly, you know, look at fastly it just like evaporated and and then there's the concern of Like well is this pulling a pinterest right. This is i'm gon na put a question mark on that.

I think this really requires sitting down and doing a lot of research on yeah charge. Point the chargers yeah, absolutely the the chargers - have been something where uh they've really been been part of the pain pi. I would agree with that chpt. How are the other chargers been? I did this little pie uh for chargers.

Let me see till ray: is that cannabis? I think it is and yeah that's cannabis. No sorry, after after running a cam, then this could just be my bias and it could be entirely wrong. But after running a campaign in california and realizing how stupid government is at legalizing, uh marijuana, no thanks, i'm going to put, i want to figure out. What's going on with the chargers i'm going to put charge.

Well, i put charge point on the pain pipe, but evgo has been look at it. It's below ipo over here like what the hat, what happened to evgo and they'll put in like volta, you know: oh volta popped up a little bit, but i put evie go volta, i'm going to do some research on those to figure out why? Why is there? So much pain over here in these um, these guys so coin is going to be more of a crypto uh play right. I would i would dance that over with like hud, 8 and uh, and you know, i'd love them together, but yeah uh i'd like to keep my crypto separate for my stocks, just sort of mentally it's easier to trade them separately. So i'm gon na keep that one separate what else belongs in the pain pie? I mean, i know adobe's down like 3.75, but is this really pain pod i'm gon na put though, because maybe they don't all have to be in heavy pain? Maybe it could be recent pain like i'll put in google and adobe i'll, put little question marks on them, because they've been a little bit red recently here, so we'll put google and adobe in on the side there as sort of more recent by the dips.

You know, nvidia has had a little bit of a recent uh pullback, again still crazy pricing right, putting nvidia in there uh video yeah, and this is really turning into like a tech and energy. I suppose maybe it'd be worth having some kind of like. I don't know: do we care about like staples consumer staples, i mean look at target targets rotated down a little bit. I guess this is where you'd have to ask yourself.

Do you like win? You know, that's a pain, one. That's got the chinese exposure. Um i'd be willing to say that belongs to the pain pie and and just for balancing sakes i mean gosh. What is, and i got ta go soon to an interview here, but uh, which will be on the channel by the way.

Actually, yeah, hey everybody watching right now, it'd be cool. If you stuck around uh we're gon na do um an interview with the uh with smile direct, so i'll i'll do a little um. Let me put that up really quick here, but i do want to talk about this, so let me type in what was the company target tgt right? Let me just pull up their earnings, really quick, okay, financial analysis or you know what we might do is why don't we i mean: why don't we just do it as part of this and then i'll record it because you're already here, it's so much easier to Just do that way, yeah i'll! Just do that and i'll just record here and uh we'll do this change link to this change link to this, please. I think it's gon na be easier to include it as as this and then i can just post a separate video uh so anyway, we'll do that.

I don't think anybody really. I don't think any of you really care. If i would do that right, i don't think so. Uh, oh, but am i gon na, be able to record it um i'll figure that out? Oh yeah, okay, here we go okay, so um target target see the problem with target.

Is you're not expecting massive growth at target you're you're sitting at uh? Let's see uh okay: here we go. Yeah target is expecting to have eight eight percent growth next year and uh. Then we're expecting to get to two and a half percent growth, 2.9 percent growth and 4.0 percent growth, so not as superb target parking cash. I could see as as, like a pain you know, do we call it like a? Maybe we call it a pain, pained cash park, new pain cash park, how how's that pain, cash pie, cash pain, pie, cash pie, something like that uh i mean i'm going to write it down.

Tgt uh, slow growth and i don't love the slow growth. I mean wind's got more than this. What about wayfair? That's a oh beyond me! Yeah they've been wrecked here recently. Okay, see the interesting thing about win.

Is they have? They have good growth expected, but it's really because it's more of a reopening play of growth, but uh still, i mean they're, expecting massive growth this year still expected to grow almost 50 next year and uh 16 uh in 2023. Uh, it's incredible! So, let's see what else we have beyond meat, i'm going to say autodesk, that's another interesting one too hold on. Let me write that one down autodesk yeah, that's that's a great like sas model right. That's really good uh by the way before our interviewee comes just want to make a quick mention to always take advantage of that coupon code that does expire friday.

We are going to put in a nice inflation bump in the pricing this time, uh as as we usually do with when the coupon expires uh. But this time we're really going to look at inflation and go cut. Some inflation pricing in so uh take a look at that link down below see. Autodesk is growing pretty nicely.

15. 20. 22 projected 18. 14.

12. I mean this is pretty incredible. How's your stock been performing. Let's see here, autodesk autodesk yeah.

Look at that! That's a good one. Hey shout out to whoever mentioned autodesk, see now that that i, like i'm gon na write that one down that's. Actually, i'm just going to put that one right in ads k. That's not bad autodesk draftkings, i think potentially deserves to be in here as well.

Dkng uh yeah crypto falling again a little bit here on a downtrend. I'm going to watch this because i'm uh, you know what down to potentially grab adipia. Somebody mentioned honest company they're. So s they're, so new uh they do have some incredible growth ahead of them and they've gotten obliterated.

What i might do is, let's do a trend, search and maybe a website search on this one. So, let's see here: okay, let's do an honest company trend search past five years, see and - and that always concerns me look at this - their their recent interest has been because they've gone public. When did they go public uh may 5th? Oh, what a rough time to go public and yup may 5th. That's the peak right here, that's the peak of search trends.

But since then, on a relative strength of search, you're down uh, you know they. They were a lot hotter of a company back, at least in search trends in uh in 2016, 17 and 18., so i probably wouldn't just like i'm not going to put pins in. I'm probably wouldn't put honest in just because of this. This uh decline in interest.

You know what would be interesting, honest company investor relations, let's do a quick peek here, uh and and just see if we can compare some of their annual filings, see if they're, if how their growth has been. Or you know what i don't know, sec filings available. Good one: oh that's right because they just went public, ah yeah, of course, okay. So i could look at a quarterly.

That's good point! Darn it that's one of the things that sucks about companies that just went public. Is you don't look at that? That's i don't check this out. First, six months of 2020 144 million these first six months of 2021, 155, so they've grown. What is that 7.5? It's a surprising surprisingly low growth, uh company, for something that just ipo'd makes you think like.

Oh, no we're going to grow like crazy right, but the growth has not been that great honestly! Oh, oh, oh, yes, look! Look, look! Look getting into the space. How do you respond to all this competition? Our competition isn't really any of that. You know. We've grown fast over the last five years, we've been growing at a compounded annual growth rate of 150 percent, but it's really not the other startups that we're competing.

I believe once they launch car insurance they, this could be a catalyst for lemonade. I'm very interested in in lemonade because of that, so as fast as we have grown over these last five years, we could grow a hundred fold more, as i hope we will in the coming years and would still be half the size of state farm. So our eye is very much on that prize. That is our competition, that is the market that we're looking to disrupt and - and we mentioned daniel as your birthday, the company's birthday at the start - and congratulations on on that point.

But you know five years given when you ipo more recently five years actually felt older than i was expecting so so, how many more years will you have of rapid, rapid growth, uh versus things plateauing out? Do you think, i think, we're in an industry that is as close to unlimited as one can be privileged to work in so five trillion dollars six trees and, as i say, we could multiply ourselves a hundred fold and would only be a medium-sized insurance company. So i'm going to i'm going to pull back here. Look i love. I love uh, lemonade and daniel by the way he's been on the channel before it's great.

This right here is a very good point. Uh. I totally agree with jesse here astr. Look at that astr very good point, because something do to keep in mind is yeah.

We at 9 30 tonight, which is 6 30 california time the uh hong kong stock market does open the i'm. Sorry wait! No! No! No hong kong's closed tomorrow, shanghai opens tomorrow because shanghai was closed monday, tuesday, because of the holiday, and i'm pretty sure hong kong is closed tomorrow. But the chinese government comes back tomorrow and you could see pain reflected in the shanghai stock market, either way like we were saying. I agree with you: there's the potential of a crypto dip, even leading into uh the opening there so uh.

What's uh, what's uh asa astra space yeah, that's was this a spec? I have trouble with this facts and i know chargepoint is a spark as well hold on. What's the breaking news, sarah, as expected, this has been reported earlier today and it's been floating around and now we have it. The department of justice, along with six states, are suing airlines and airlines and jet blue seeking to halt or dissolve their northeast alliance. What is the northeast alliance? It is a code share.

Agreement between american and jet blue went into effect in february earlier uh this year, with the blessing of the d.o.t at the time that essentially allows them to coordinate their schedules uh and services to a certain extent, uh with the three new york metropolitan airports. We're talking about laguardia jfk, it seems like nobody cares. I don't see american airlines really moving on that uh jetblue j, blue uh yeah. I don't really see them moving at all on that, in fact, let's just see what else is moving here in the after hours uh.

Oh, my gosh. Look at that imran 28 in the after hours, uh 10 on rocket lab. That's incredible! These uh! These uh momentum plays are so fun because look at emeryn, okay, this is this is emirate and uh, and then all of a sudden you just get an after spot emerald has like a teeny, tiny market cap. It's so dangerous uh and i have bagged on this company so long, not because of anything regarding the company, just because i know somebody's manipulating, a crap out of the stock, and so i encourage people not to be bag holders.

I know it's very seductive to see those big numbers, but it's very different to see that than uh than even see like a four percent move on tesla uh is is very very different than than like a 28 move on one of those small ones, uh just Worth mentioning, okay, so uh, i i would consider actually putting lemonade in the pain bucket, ah sofi, too uh. Let's i'm gon na. Do that so fine uh lemonade. I think that might be an easy way to do it uh! No, i see you here matthew what you got man.

I can't get every answer here if you want, if you want to guarantee like almost a guarantee that i could get every single question check out the courses, because when we do the private live streams, that's where i uh do uh, where we specifically go down the Questions how's twilio been that's another one. Twilio twilio's been a sideways mover, huh huh, that's interesting, yeah twilio! I'm going to put that on a question mark. I am going to move google over i'm going to put google over because we're going to call it the cash park, slash pain, pie, uh, but that not to be confused with high risk like the sp space pie, even though we do have charge point in it. Um yeah and i'm gon na decide on the chargers.

Uh faded polo. What's up man, i see you lucid covered calls. Was my question uh? Well, the problem is, it's been on this insane run like i'm, a big fan of covered calls, but you might get sold out, which i don't think is necessarily a bad thing. I mean you've got a pretty incredible volume spike over here in lucid recently uh and uh yeah.

You know there there's a lot of talk right now about uh them getting ready to do deliveries, i'm skeptical, but i'm interested so i'm willing to pay attention to this. But oftentimes you get by the rumor, sell the news here, but matterport and lucid have both had these incredible runs here over the last few days and uh. You know i appreciate it. I i applaud them.

I think it's great, my soul puts are very happy all right. So let's say: can we let's give a? Let's do some more suggestions here on stocks. See united wholesale is another one that i find so interesting, but uh it's uh, one sec, it's another one that has sort of evaporated, and i really think i mean it's a spec as well. I really think the real estate plays or or right now tritium i'll write that one down tritium, xrx, xerox, xerox.

I wonder what growth xerox has huh, let's see here. Okay, let me go to the bloomberg really quick and let's look at xerox, okay, xerox, xerox, holdings. So financial analysis on ooh tdoc, i'm gon na look at that too uh so xerox, see xerox is facing negative growth, though, which kind of, if you think about it, makes sense like intuitively. It makes sense that uh that xerox would be uh.

You know having an oopsies emeran has an agreement with google. Let's see, let's see if that's true, because it's been a big files packed with google 8k. Let me read that 8k hold on uh. Let's see here, okay, so this is okay.

Here we go so emran entered into a revenue share agreement with google to develop enterprise, tech platform and software products. Okay, that's very vague agreement is effective. As of october, 1.. Agreement will take effect after a scheduled termination of existing revenue share.

They already have an agreement. They already have a freaking agreement. What's the difference, this is like they're renewing an agreement. This is so it's running, probably because people are uh.

It's it's running, because people are thinking. Oh, my gosh amaranth has a partnership with google. They had one.