Hey everyone welcome back to another market, closing live stream, so today we have earnings again, which means we're going to cover the earnings live, so we always do and get some instant reaction to some of the earnings that come in today today is wednesday april 27th, and We've got big ones, including facebook, ford paypal, qualcomm, pinterest, tdoc, upwork, servicenow, amgen, uh, jeez, mattel, las vegas sans lending club, o'reilly automotive and the cheesecake factory uh, with with a few others. This is uh. This is big, including even netgear today, so pretty wild uh day of earnings coming ahead, in addition to a wild day of earnings coming ahead, what a freaking crap show of a market, we just can't keep it up. Look at this! This is the qqq right here.

We had a rally coming out of the open, a crash right after that. This is obviously the the minute candle stick set here. If we go out to the 30 minute candlestick uh, you could just see that the day has been a fight to stay uh, either at or above, or even just slightly below, that zero percent fibonacci right now we are below we're just now turning red on the Nasdaq 100. uh spy is uh still up at the moment.

One third of one percent bouncing off that zero, almost bouncing off that zero percent fib line and face up seven and a half tesla bouncing around that 880 level again and uh. This is uh. This is about up half of a percent uh. We were up as much as three to four percent earlier in the day, but uh that has been given back immediately rough market right now and uh.

We've got the suits on wall street running headlines like the following. The federal reserve is in the process of seriously tightening financial conditions for the first time in years. Arguably, you have to go back to the early 2000s for such an episode and charts charts of the s p 500. Tell you not to expect much.

Tighter financial conditions means back to the 2000s. Is the headline now i'll give you uh? Oh, let me see if i can pull up that rage bound chart, because it's kind of interesting uh so we'll pull that up in just a second here, but uh, basically more of the classic volatility of uh. What goes up ends up coming down. It doesn't have to, but it does take a look at this folks.

This is uh the fed funds rate with uh an overlay of the s, p, 500 and uh. What you'll notice is the increase of the fed funds right there and the dot-com bubble on the left. Uh really helped drive stocks down until, of course, we had a tight-knit error, a loosening of the fed funds, uh policy uh, and when we bottomed out, that's actually when stocks started moving up again until, of course, the recession in uh in 2008, which hopefully we're not Heading back to those sorts of maddening levels about two and a half minutes to go before the closing bell and an insane amount of earnings volatility is the name of the game. Right now, we've got uh, let's see here.

What is this uh? Oh, how interesting? Okay, i saw a little bit here on brazil and oil oil set to rise. If russia bans oil imports to europe right now, we've got oil preempting this slightly oil up at 102 for wti. It's the american version and 105 for brent bond market right now. Actually, slightly tightening again yesterday, it almost felt like we had some short covering.

We went all the way down to a 10 year of 2.74 sitting at about 2.816 right now we dive into the 10-2 curve just to get a little bit of an idea. How we're going into the close about 90 seconds left before we get into earnings? We have the 10-2 sitting at a spread of still about 22.5 basis points pretty stable there. It's pretty close to that inversion. Obviously it's uninverted uh, but it has steepened a little bit.

You do have uh the uh. Oh five year, break even rate just ticked up again a little bit to 3.3, but still substantially lower than where we had been uh between late february march and early april. We've seen these numbers come down a lot. That's about trade desk love trade desk uh.

Do you think, there's an opportunity in supply chain companies as there's been so much focus on needing to revamp the supply chains? Well, remember that the way the market tends to trade is that, usually you get a lot of movement into supply chain companies when it's a safety trade, but when the reality comes through and they actually start improving supply chains, people may have already moved out of those Trades into other safety trades, you know you look at something like a zim in terms of uh shipping and distribution and logistics. You know their stock has come under substantial pressure, uh just here within the last uh month or two as uh as as you you get a little bit of that flight to safety, pulling out of there and moving into other uh stocks or or uh, whether that's Commodities or uh to some degree, into bonds which rallied yesterday, who knows all right: let's go ahead and get the bell and then let's hit earnings. Technology remains strong, some rebound there in some of those names but communication services under a ton of pressure off alphabet and meta real estate utilities, financials healthcare, now all lower. The nasdaq goes positive at the close, just barely small caps underperform again down a third of one percent.

That's it for me. I'm closing bell have a good evening i'll now send it into overtime with scott wapner. There you have it. You know i really wish they'd go back to uh, where sarah actually like gives you the read off of the uh uh, the the final sort of closing amounts, but anyway, uh dow ended up point one: nine percent s p up point two: one percent nasdaq down 0.01 percent and the russell 2000 down 0.17 - let's listen in here for a moment and we've got big earnings coming up which we're going to cover in just a moment and others hitting any second we'll get to them.

And, of course, we'll show you. The immediate stock reaction across the board - our experts - are here as well: half times josh brown, the ceo of rit holt's, wealth management, sofi's liz young and with me right here, you're really advertising so far. I wonder i wonder how much they have to pay to get on there. It's all about money, folks, okay, so we are getting uh right.

Now, i'm pulling up earnings for facebook, uh ford, i'm pulling up earnings for paypal, wow qualcomm as well. I forgot about that. One this today is a very big earnings day. We're gon na have a lot of earnings, calls to go through later in the day, so make sure to come back later and watch those earnings calls if you have not yet make sure to also watch the video that i posted earlier about.

An inflection point is really interesting: uh on on how companies are pricing in inflation and what some of the earnings calls from yesterday have done very, very good, leading tells of what to expect going forward. Uh pinterest, it's gon na, be quite fascinating today, because we're gon na get a little bit of a tell about uh our consumer. Remember what visa told us visa told us that the consumer is still spending on e-comm uh, so quite interested to see if uh. If we can get a rebound on pinterest, i would expect a substantial potential movement in uh in pinterest either direction just because it's come under so much pressure, uh for for quite frankly, the last year or more, it's just been straight down.

So uh it's been a painful stock uh, it's unfortunate, uh, okay, so waiting now, okay, qualcomm, just in qualcomm, comes in with uh a beat on revenue. Adjusted revenue beat on eps. It's a double beat that uh. Let's see here, that is uh.

Two three point: twenty three cents for qualcomm: it's up about six percent of the after hours right now versus 293, expected the forecast folks, let's go! This is going to be good for nvidia as well. The forecast coming up 10.5 to 11.3, that's a midpoint of somewhere around uh aid, uh somewhere around 10.9 as the midpoint. That's almost a billion dollars more than the estimate for q3 revenue. Folks, that is very good, very, very good.

Uh, okay, amgen reports, a beat, adjusted eps coming in at 425 versus 409 expected operating income coming in about 150 million dollars greater than expected revenue coming in about 100 million dollars more than expected at 6.2 billion, so that's beat on revenue. It's a beat on bottom line at uh amgen as well. Big big beat, though at qualcomm they're up about five percent in the after hours. If we jump on over to amgen, we see amgen up about two percent, but good moves there on qualcomm, probably motivating as well for uh nvidia er, some of uh, maybe even amd nothing yet t-doc pins, uh amgen.

We just reported upwork waiting service. Now, let's see what else we can get uh, let's get mattel. That's gon na tell us a little bit about the consumer as well. Las vegas sands that'll be a big consumer play.

We need the consumer to spend money. I don't care if it's on goods, i don't care. If it's on services, i just want people the bastion. So that way we don't go into a recession.

Of course, if you are looking for something to buy, you can always check out the programs. I'm building your wealth link down below or our amazing sponsor, which is streamyard medkevin.com streamyard. So you too can throw comments up on your multi-streamed live streams like drew over here spice closed green uh and uh and multi-stream to different platforms. Okay, waiting for las vegas sands, waiting for facebook, waiting on paypal, waiting on ford, qualcomm, uh, yep good beat on qual that was great pinterest pinterest beats estimates, uh monthly, active users down nine percent, pinterest lost 5 million dollars in the quarter holy crap, their adjusted ebitda Was expected to be 24 million dollars? It came in at 77 revenue per user up at 1.33 dollars in revenue per user per quarter up from 1.31 expected eps adjusted coming in at 10 cents versus 2.7 estimated, but monthly active users down about 3.3 million uh forecast q2 revenue for pinterest expect it to Be up uh 11 uh pinterest, now moving about seven to eight percent in the after hours here jumped as much as 12 uh.

Just for a moment there, this stock has come under substantial pressure. I mean look at the the day chart here for pinterest and that monthly active user decline, even though we got a couple more pennies on expectations for revenue per user - probably not going to be enough to actually keep this stock up for long. I would expect some institutional selling in the morning to get some some potential profit out of there uh. I don't know who's, making a profit on pinterest right now, but to tell doc tell doc beats 54.5 million versus uh 53 in uh adjusted ebitda.

That is a beat on the bottom line, but revenue uh misses, wait, ebitda law, no that doesn't say loss. It says adjusted ebata. I've got a little bit. It looks like the loss per share.

Oh no, here we go adjust. Okay, all right! I see okay, they're ebitda beat, but their actual loss per share came in greater than expected. Okay little mix there so tpd how that stock return or reacts uh waiting for service now waiting for face facebook. Just in facebook, ad q1 impressions up 15 q2 revenue, a miss on guide, a miss of about two billion dollars on guide average price per ad down.

Eight percent versus four point: one percent of a loss expected this is a big. This is bad uh. How? I don't know how the shares are going up 10 right now, but this is actually not good. Uh monthly active users, uh came in at uh 2.94 versus estimates of 2.95 daily active users came in at 1.96 a little bit higher than the 1.94.

Maybe markets were just expecting more of a loss here. Uh ad impressions up is good, but average price per ad down 80, not so great uh, less advertising competition in such a case right but daily active users exceeded estimates. Monthly, active users missed uh pinterest. Now, up about 13 qualcomm only up about 4 facebook up 8 on this news, now really surprising, because these earnings aren't actually that great uh foreign exchange to be a three percent headwind.

Ford ford, eps comes in at 38. Cents suggests that demand is strong, but supplies are limiting part shipments, affirms uh full year guidance, you've got automotive revenue of 32.1 billion versus 31.24, that's a beat, so let's take a look at ford ford's up about 1.15. Most of these stocks are actually going up here. On these earnings, paypal is going to be the next big one, qualcomm uh.

Let's see, we got a little bit more detail here. Did we no? No? No? No, no! No okay! So yeah qualcomm, we did like uh. Pinterest sees q2 revenue up 11 pinterest reports. Monthly active users down nine percent teledog uh drops 13 after that bottom line miss that one was a little confusing, so tdoc, actually missing, uh or or plummeting now 13.

Looking at looking for las vegas sands, looking for mattel, mattel is out mattel c's fiscal year net sales up eight to ten percent. Uh people still spending money, uh, mattel, geez man. How do people keep spending all this money? Uh? Okay waiting for a little bit more news to come in here on mattel. While we wait for that, let's go to yeah q1 sales, 1.04 billion gross margin, oh gross margin b, it's 46.6 estimate was 44 adjusted, eps comes in at 8 cents.

They were expecting a loss of 3 cents fiscal year cap x, expected to come in roughly in line with estimates, uh adjusted ebitda for the full year raising guidance, raising guidance for the full year everybody's worried about a freaking recession, and here you go mattel raising guidance, Qualcomm raising guidance, uh people still on pinterest still seeing growth at pinterest, which is crazy. Still no paypal, though uh facebook not not seeing any kind of crazy user exodus. The users are still there. Facebook uh ford losing for china lost before interest estimated lost 32.9 bill.

Automotive revenue yeah beat over at ford. Okay and yeah, i mean they are profitable. Okay, upwork shares climb 12 after their earnings. I do not have a breakdown of their earnings, but uh is moving up about 12.

That was actually a classic stay-at-home play. That's gotten really beat up, so it's good to see that move still waiting for las vegas sands. Waiting for cheesecake factory, waiting for paypal, uh facebook's forecast - remember missed estimates, okay, paypal, waiting for paypal. Let me see what time paypal is.

Uh paypal should be out in about four minutes. That's gon na be a big one. We're gon na see those transactions we'll have a little bit of an idea about uh how they compare to visa in terms of luxury buyers. We'll have an idea about how they maybe can lead buy now pay later how's buy now pay later bid service now beats adjust the dps 173 versus 170 q1 rev 172 billion versus the estimate of 1.7 billion dollars.

Uh, that's about a 20 million dollar beat with uh three cents on adjusted, eps, servicenow, good job uh. Take a look at ford, ford's, candlesticks moving very nicely. It's actually up only about two percent holy crap. Look at pinterest.

Let's go! I hope this sets up for a green day tomorrow. Folks, this is really really good. I really want to see like a risk on trend here i mean if pinterest can can bump 17 and go back to 21. I mean folks, we went all the way back.

All the way back to april 22nd pricing here five days ago - okay, so like this is this is a this is where we went back to 21 bucks. Where is it 21.79 right there? There we go that's where we went back to folks, whoo geez man, this like if you're in pins uh and i was in pins okay. I got nipped on pins too, i'm not in pins right now, but uh, i'm just saying um, i'm happy but like i feel for you like this it just it sucks uh this this market just sucks so uh. You know it's it's um, it's just crap market, but uh.

I will say - and i was talking about that this morning - that i've been working uh on on putting together uh sort of a presentation that we're gon na talk first about in the course member live stream about e-commerce companies and a lot of companies that have really Gotten burned in valuations and potentially diversifying some of my tesla, especially if tesla you know recovers after this whole, like elon selling thesis uh, potentially diversifying a little bit of my tesla into some of these really beat up names, because i can, i can establish positions very Inexpensively so tbd on that that's uh, that's not a guarantee yet, but of course, if you want to be involved in even just those discussions, uh check out those programs on building your wealth down below. I really think uh you'll appreciate what you have or what you get there uh. Really it's it's! I my goal is to just make news easy for you and a lot of people come with ideas and my opinions and questions or what they're looking for in the course member lives where we can spend a lot more time. Answering questions it's worth, uh worth noting that uh intercourse uh.

Actually this was in in the public, live stream. This morning someone uh gave the course a shout out. They shouted out been trading for the last few months from info from your courses making more than my full-time job. Now i was, i thought that was really cool, see like i, don't necessarily trade all day all day every day right, but i do spend time looking for the catalysts and getting the news and uh and i love bringing that to y'all so uh.

Okay, we are now waiting for paypal, which should be out in about 90 seconds. Come on paypal. We really want to see those numbers uh looking for also cheesecake. I think cheesecake might be later in the day, though no cheesecake's also 4 15.

o'reilly waiting, uh and now we're waiting for las vegas sands. Uh. Oh wow, uh tdoc, is down 19. Is that true, right now, tdoc is a company that have many times on live streams.

With course, members been talking about it's just, not a company that i'm super interested in uh and uh, mostly because it's it's an unprofitable company right now and uh. It's it's a company that is uh clearly a stay-at-home, a momentum play uh, but that is going to hurt arc, invest uh an 18 drop, i'm pretty sure tdoc is one of their largest positions. Um, let's go to kathy's ark, oh my gosh! How much did tdoc burn this quarter yeah? Well, that's a good question, i'll pull it up. Actually, i will tell you i let me see individual company news.

I didn't even have tdoc up tdog loss per share 41. What what dude? How do you lose? 41? A share: the shares are worth 55 dollars, what they lost: 6.67 billion dollars, adjusted ebay to 54.5 million dollars in the quarter. How do you lose 6.6 billion dollars and your adjusted ebitda was 54 million? What holy crap? Oh my gosh, that's insane! Dude yeah tdoc is the third largest position in kathy's fun. It is right there wait.

Uh arc ownership, seven percent of the company weight in their etf uh. I think this is overall. No. This is rk in rk they're.

At a six point, eight nine percent weight market value of 652 million dollars. If we go to combined uh tdoc tdoc is now holy crap. They have one billion dollars in tdoc folks, if you're in tdoc, and you feel sad that it just went down 18. They just lost 180 million dollars nearly 200 million dollars.

That's crazy paypal, slight beat eps at estimate. Uh revenue slight beat 6.48 versus 6.4 expected holy crap uh. That's really good the consumer. Let's go because look at paypal's chart paypal's just been uh.

Paypal is like the only sold put i've ever gotten burned on. Okay, like it's hard to get burned on, sold, puts unless you buy them in paypal, because look at the damn chart like it's like zero percent fib watch me watch me i'ma storm right through your line, god i'm joking uh paypal, q1, total payment volume, 322.98 billion. The estimate was 323.13 slightest on payment volume, uh current spot rates for rev, two, not sure what this is. Regarding nine percent versus the estimate of 13.6.

These are mixed results here, uh, the the net net revenue was about. An 80 million dollar beat eps at expectations, but so i mean it's not it's not a bad earnings report, but it's a little messy yeah okay forecast. Oh, the forecast is bad, no 3.81 to 3.9. That's a midpoint of what is that 3.86 3.86 is a midpoint, their their expectation was 4.68.

That's that's an 80 cent miss on eps, which is big. That's like a 20 eps forecast. Miss that's bad! That's going to weigh on them. I don't know why they're forecasting so low for the year.

That is going to be a really important earnings call to watch. On the other hand, cheesecake q1 restaurant comps up 20.7 percent. The estimate was 20, however, adjusted eps misses 47 cents versus 51 expectations, cheesecake factory good on comps, bad on net uh. That's mixed, cheesecake, cheesecake kind of flattish tbd here tbd, oh man, paypal! What's paypal, let's see p-y-p-l uh trying to figure out which way to go over here holy crap.

Look at tdoc! Oh my gosh, the god pill says mullen. Is the only play it's like the the new amc, it's barcoding! Oh! Look at that perfect bounce on this. Oh, i must have drawn it to that zero yeah, but it did perfectly bounce off the 23.6 over here. This is a trader stock momentum place: okay, wow.

Those are some crazy. Oh, my goodness. Facebook, facebook, like facebook up 12 uh because a q1 profit and daily users, topping estimates mark zuckerberg, says meta - is making progress. Slowest quarterly revenue growth in 10 years, though slowest quarterly revenue growth in 10 years, but up 9 and the q2 guide was not good.

The q2 guide missed it's still up, though i guess the miss wasn't as bad as expected. So it's actually doing quite well. Pinterest up 10.8 percent upwork up expi up about five uh tesla up about .62 in the afters uh folks tdock is absolutely getting extinguished. I honestly do not i i feel like this is a typo.

How can you lose almost the same amount of the actual value of the shares in earnings per share? Like am i am i wrong for thinking? That's weird, like i don't know if i've seen that before, how do you lose 41 per share? Look at that the stock right now is trading for 39. They literally lost more money than the shares themselves are worth what i mean. I know the shares, are you know it's, it's share. Price timeshare is outstanding and you get a market cap.

It's just, it seems weird. You know i suppose you could have you know you could do like a reverse split right. Like let's say you did a reverse. 10 for one split just to think about it, then in theory the each chair would be worth 500 right and then it wouldn't seem that bad because it's like well, we only lost well.

No because then the share count would be uh, you know, because then you would have you'd have 10 times fewer shares, you'd still be losing then you'd be losing 400 dollars per share. It'd still be bad. No, it's still it'd be bad, no matter how you slice it, don't matter how you slice it, it's terrible see how we're like doing that like math together anyway, that's a disaster, tdoc paid 18.5 billion dollars to acquire liv live and go, live and go now their Market cap is half that wow quick calculation arc, just lost 2 billion in tdoc in last 20 minutes um, i think 200 million, because the market cap of their investment is about a billion uh, so it'd be about actually now, probably at thirty percent down, probably about 300 mil oh wow, your thoughts on roku earnings tomorrow, you know, gaming earnings have not been good. Ooh mattel shares jump as retail restocking drives.

Q1 beats yeah look into activision, you know. Their big call of duty miss was, is a big red flag. Oh yeah. Let's look at mattel mattel uh sales rising eight to ten percent.

Oh, i think i remember saying that oh yeah, i think i did. I remember looking at this margin and stuff: that's right, so yeah, so mattel's rising, uh, wow, mattel, c's forward one year, adjusted eps of at least one dollar and ninety cents. But the consensus was one dollar and eighty five cents, and you know why they blew past earnings. Estimates listen to this.

Retailers are loading up on barbies and hot wheels, because the freaking consumer keeps buying damn crap, there's no recession, man there's no recession. Now now, who knows, maybe it'll all change, but i'm telling you man every one of these earnings reports so far, it's like there's, there's no recession like this is this is right. Here is what we're experiencing look on screen right now. That is what you're experiencing on the left.

The economy was on fire. The stock market was happy now the economy is booming and the stock market is on fire. That's what you got. You've got a bunch of weenie baby institutions.

I this is the opposite of what i thought was going to happen. I said in january i think the consumer's going to go f. This i'ma stop spending money watch my videos, it's fully transparent people like well. Why did you tell and why did you buy back it? Have you like not watched a single video i over the last four months.

You know uh. That doesn't mean i'm perfect uh, but i think you know this is this is crazy like this is not. These are not recessionary, earnings reports. These are phenomenal.

Phenomenal earning reports, marquita and affirm - are the dark horse in the digital payment section. Yeah probably arc is capsizing. Oh my gosh, but yeah uh, so tdoc. Sorry, not t-doc, roku.

Look! I i! I don't play earnings a lot of people like to play earnings based off the stuff i talk about, which is fine with me, i mean look. We talked about uh how i thought there was good news coming for end phase because of what they told us in the last earnings report, right uh, but i also do follow in face quite closely and that ended up being correct um. I don't like options, though, because they price in too much of those better better, almost to play with shares, if you're going to do it, but it depends what you do you know, but anyway roku i don't know i mean i can give you what the estimate Is for roku, let's see here roku the estimate for see this is a problem folks. The the estimate for q1 is that they'll have revenue of 720 million, but that their net income will be negative 26.8 million, with a loss per share of about 20.4 cents adjusted.

You know so here you still have a money losing business. The implied volatility is 20. You can't make money on options when the implied volatility is 20. You can't you just can't uh like there's no way it would have to move 20 percent.

20 you'd have to move 25 30 percent in your favor. For you to start making money that doesn't make sense. Cheesecake uh yeah. We saw the cheese, the mison cheesecake las vegas sands.

Oh okay, some some nft problems with las vegas sands. Uh las vegas. Did we get earnings yet yeah? We did here. We go las vegas sands, adjusted property.

Ebitda comes in at 110 million versus 212 estimated. That's terrible net revenue 943 versus 1.8 expected what happened. This is horrible. It says travel restrictions continue to limit visitation.

Okay, is this because of china like macau region, because that's not what's happening in america. That's an important earnings call to look at uh for where, where this decline is happening, las vegas is only down 2.4 percent. So it's got to be china, which that would be priced in mostly it's still a mess, but that would make sense uh. Let me see if i can tdoc checked the goodwill impairment charge.

Okay, i'll do that: uh, macau properties, consensus, okay, yeah, macau, venetian, macau down 18 percent londoner macau down 28 percent parisian macau down 33 plaza macau down 14 sans macau down 30 uh singapore up 38 percent wow interesting, where the uh. What are the other ones, macau properties, macau properties, see if i can find it, i can't find the vegas ones. You'd, think they'd be right there. Well, they do break them down by uh individual assets as well.

That's pretty cool yeah. You can see exactly the revenue of the individual properties and everything. Oh okay, well i'll. Look into that a little bit more, but uh yeah! That's that's interesting! So, okay, tdoc, all right! So, let's see here tdoc is this disaster right here this.

This is like just terrible terrible, um. Okay, so let me see here net loss per share. I don't understand the 6.6 billion yeah i mean it would make sense that maybe something weird happened there, because that just you can't run a business like that. So, okay good will impairment.

Oh wow yeah there. It is 6.6 billion in goodwill impairment. Why? I mean that implies that some sort of intellectual property that they bought is actually worth substantially less goodwill impairment, 6.6 billion wow dude come on man, it's terrible um. Current liabilities.

1.5 bill cash of about 836 mil current assets, 1.2 bill; okay, uh! So what the f yeah, let's figure it out together, disaster man, what a disaster t-dog! Let's see! If we can get an explanation over here, obviously we'll get it on the earnings call all right, but let's see if we can get it over here and then press release, primarily driven by non-cash impairment, charge. Why uh impairment losses with respect to goodwill like the value of their brand goodwill, impairment, goodwill impairment, where's the goodwill pyramid for what the individual reconciling items such as goodwill? Apparently they didn't say come on man you're, not even gon na give us, i mean, like obviously the actual filings gon na, have it, but do we have their filing yet uh yeah. We do why this is stupid. What where is it dude? They don't tell you what it is.

You got to be freaking kidding me yeah, it's probably it's probably this. What varun here says paying three times their current market cap to acquire levongo. But why would you not say something in the sec report? You know so in other words, they they were pumping up their balance sheet with uh, with with goodwill that doesn't exist and so now their assets. This is why, by the way, when i do balance sheets, i don't even give goodwill value.

I take that crap out. I'm like that's, that's some bull, crap you're, just pumping up your balance sheet to make it look better. That's some shady accounting almost see right here. Look at that look at that.

Their goodwill at the end of last year was listed at 14.5 billion dollars. Now they're saying nah we're our goodwill is only worth about eight billion dollars. What's net, what's gon na happen next quarter, another three billion off the goodwill - i don't know - maybe i just sound jaded but, like you know, i would have liked like a management note like hey just fyi. The reason we took this impairment charge is because of livongo.

You know we pay, we bought it in 2021 before the fed tightening cycle now we're recognizing an impairment charge, because obviously the market has shifted and we want it to better reflect what we believe the true market value. That business is just. I can say that, but the fact that that's not in the filing and not in the press - release like really you're just gon na lay a 6.6 billion dollar charge on us without telling us what it's for lame, lame right, intangible and a big number. And no one will notice a lot of these.

Like those see that's the kind, i would never invest in tdoc now, with with that kind of management like you're all, are straight up for not being clear about this. Just dumb uh, like you, can't you just can't trust them: okay, uh, okay, so this is not so great. What's this paypal thing here, so this is interesting. Paypal cuts annual profit view as macro economic challenges.

Rise paypal shares up about 2 percent. Now it says, but paypal is pleased with results that exceeded guidance, but that full year revenue is bad. The full year eps is about 80 cents less than expected at three dollars and about 85 cents per share versus the 462 expected. It's not good.

They added 2.4 million new active accounts in q1 yeah, so we'll have to wait for the earnings call on that, but that full-year guidance isn't good for paypal. Ford lost 3.1 billion dollars. This quarter attributed to the valuation of the investment in rivien. Oh, oh ford takes a 3.1 billion dollar write-off on rivian amazon's gon na have the same problem.

Amazon's gon na have the same problem: wow, wow, paypal, qualcomm, paypal or a tdoc. Just cut revenue forecast as well. 2.4 to 2.5 billion was expecting 2.55 to 2.65. Gamjon falls: upwork is rallying mattel's doing well, as businesses are stocking up.

Getting more of that inventory, cheesecake is resuming their share purchases. Las vegas sands misses what appears to be mostly on macau. What a mess? What a mess? Okay, o'reilly! Oh yeah! I can look at those, let's see, uh kevin. Didn't you sell because the fred was fed was not our friend.

Doesn't a strong consumer give the fed more reason not to be a friend yes and yes and yes, that is a triple yes and correct all across the board sold because the fed wasn't our friend, although there's a whole lot more in that my expectation was, we Were going to have the fed that wasn't going to be our friend and a weak consumer, even though a strong consumer gives the fed more ammo, it means underlying earnings are likely to still remain strong and that recession everybody's worried about is unlikely to actually come to Fruition, which just makes now a buying opportunity now the fed has been pretty mean to us, the fed implied they were going to be a little bit more chill and be patient and consistent with rate hikes. And now all the talk is about. Well, we're going to do 50 a couple times right: the 50 bp, so the fed's been very difficult to read very aggressive. I don't really think they know what they're doing.

I think they're kind of playing it by ear, which is very frustrating and hard to predict. But because i believe the consumer's so strong, i'm not betting on really so much the fed, as i am betting on no recession and a long-term recovery, but that is going to mean riding some pretty insane waves for a while. Hopefully that is a good explanation for you: uh yeah, facebook, slowest growth in the deck; oh yeah o'reilly. Let's look at o'reilly, auto parts, yeah great question agreed uh, no markets.

Pricing in 50 remember we're at uh 0.25 to 50 right now. So the next range you would see would be um 0.5 to 0.75. That's maybe where you're seeing the uh 0.75 paypal margins got crushed, says someone here, um yeah! I know their forecast wasn't great. I wan na.

I want to see that, though, here i've got i'm going to pull up the 8k uh okay, so that doesn't mean no good. All right i'll come back to paypal in just a sec. Let me get the news for o'reilly and then i'll do uh paypal, um. Okay, so o'reilly sees free cash flow, 1.3 billion to 1.6.

That misses the estimates. Uh capex spending misses estimates uh fiscal year. Eps is lower by about a dollar uh 75 cents to a dollar gross. Profit margin comes in at fifty point.

Eight percent versus fifty one point: three expected comp sales. Four point: eight versus five point: two: three, three six expected. So that's a miss revenue guiding roughly in line comp sales to be between five and seven percent. That's in line with expectations, cfo transition plan q1 eps comes in at 717, misses the 748 estimate, so little misses there.

I want to see whether a lot of these companies they blame the supply chain issues, not the consumer, so we'll have to see but they're down about four percent now uh. Yes, i did say that i did say that good earnings, equal bad news in january uh, and that is true uh, because we believed that uh earnings were going to be very, very good in q4, but and you go but you can watch my videos. I say this: i thought ernie's going to be terrible in q4 and that everything's going to be on guidance for q1 and we thought that in q1 the consumer would spend less money, but they didn't they spend more. So you know it's it's! It's crazy! It's crazy! How uh i mean, at least, if you make expectations, you could pay attention to see how things are changing right.

Some people make no predictions and then it's just like. Oh no yeah. I have no no idea at all okay uh. So so that was o'reilly, and then we were gon na look at paypal, really quick! Oh lee, jeez man, okay, o'reilly, now down about eight percent yikes uh t-dock down roughly 33.

Now it's it's rebounding a little bit. Tdoc is bouncing off the floor a little bit. Okay, paypal results uh, so we've gone through the paypal results, but we're gon na look at we're. Gon na look for margin here: okay, total processing volume surpassing 1.4 trillion expecting to grow, obviously not as much as people were expecting.

Uh yeah operating income down operating cash flow operating cash flow down a lot free cash flow down a lot net revenues up. So why yeah? Why are there margins getting beat hmm payment transactions per account, growing 11 strong balance sheet strategic, okay margin? Oh wow! Look at that crush 630 basis, point crush on operating margin. What the heck! Why uh, primarily representing stock-based, compensate compensation? I mean that's, that's a lot of wow really for okay disclosures, disclosures, wow, oh it'll, be really interesting to see what happens there in the uh earnings. Call but yeah look at this.

So if you look at the uh income statement you see here, their income was 6.4 versus 6 billion. That's higher right, but then you go over here at operating uh. Where is it operating income? Their operating income was only 711 versus a billion, so they're operating their overall income went up, but their operating income went down. It's going in opposite directions.

Here. Transaction expense blew up like 600 million dollars. What happened there? That's not stock based com. Yeah, something went weird there: transaction expense that expense rate hasn't changed.

Hmm uh nope no details here so we'll have to see in the earnings call wow, wow, crazy, crazy earnings, folks, crazy earnings, okay, tdoc rebounding a little bit and uh still down about 33, though facebook up 14 on that daily, active users info. What an earnings sash here uh stay tuned later for a report on the actual earnings calls when, after those occur, i'll break down the transcripts, i'm excited to share them with you, so uh stay subscribed. If you're, not getting all of the notifications go type in meet kevin in the app store and download the app and turn notifications on, you will get every notification then. So that way, when i go live or there are videos, you won't miss them uh and then of course thank you so much to streamyard for sponsoring today's video go to metkevin.com streamyard to learn more all right.

Folks, we'll see in the next one goodbye.