Mid-Day Stock Market Analysis — Big Tech, Dividends & Macro Trends, and More

[00:00:00] Speaker 1: what is going on everybody thank you for being here we are live so before we get started read the disclaimer i am not a financial advisor i have no idea what your situation is i just do a bunch of research please do your own due diligence please do your own research use this video for educational entertainment purposes with that being said we got a big day today everybody got a lot of things going on chels is here she was first rusty star what is going on i hope everybody had a great weekend q dot what's going on what did everybody do this weekend hopefully it was good the markets somewhat cooperating today somewhat cooperating up and down the nasdaq 7378 camp i'm sorry the s&p 7378 you can't be mad at that you cannot be mad at that nasdaq over 26 000 the dow 49 454 can't be mad at that either now later today we are going to put a link to something very special that chels worked on when more people get here chels finished the vlog it came out yesterday on youtube and you know we'll put the link in now we'll put it in later it was exceptionally well done so let me find it and put the link in we do have software moving everybody thought software was dead huh everybody thought software was dead not dead not dead see what happens service now is moving zeta is moving all right here is the link if you're not following chels please go follow her on youtube this is the link to the meetup she took a ton of footage it came out very well we'll also put the link later today all right zeta up almost 10 percent today everybody almost 10 percent service now is up 6.25 percent give me one sec everyone i am sorry all right all right salesforce 178 82 it can still not seem to crack 180 but but it's going up rocket money trying to get back to 130 google over 400 chevron 193 enbridge 56 reddit reddit is starting to turn around we just got a reversal on reddit it's now around 160 fortinet 124 verizon 4690 cloudflare 198 venture global 1429 let's see what's uh not working today palantir down a buck meta 608 microsoft 417 nvidia 222 heading into earnings broadcom is down a little tesla is down a little next decade 884 now we're getting into deep red micron 701 oracle 186 core weave 100 sandisk 1312 iren 49 nebius falling under 200 198 198 it is what it is joni what's going on it is what it is there was a really big story i'm not sure if everybody saw it or not something i want to touch on very briefly next ever energy dominion is looking to acquire dominion in an all-stock transaction valuing dominion at 67 billion dollars it'll be a fixed exchange ratio 0.81 next ever shares for each dominion share if this passes overall ownership split next era shareholders 74.5 percent dominion shareholders 25.5 percent with the combined company the structured as a two-step statutory merger intended to be tax-free on the stock portion unanimously approved by both boards expected to close in 12 to 18 months it'll trade under NEE dual headquarters this is why it matters and if you read my energy post on substack you'll probably be interested in this because it will create the world's largest regulated electric utility by market cap roughly 259 billion roughly 10 million utility customer accounts across florida virginia north carolina south carolina about 110 gigawatt of generation fundamentally this becomes an ai and data center power play dominion serves northern virginia the largest data center market on the planet because you have the united states government there the cia the fbi the nsa the white house congress the senate everybody is there the dod is there okay the pentagon is there the combined entity would position it as a world leader in renewables and battery storage dominion up next era down as we would suspect i am a fan of next era energy outside of this chels thank you very much really appreciate it joni thank you for becoming a member we uh never say sorry joni never say sorry we will be doing a members only tomorrow night i was away for the weekend so i did not get to stream or do the members so tomorrow night we will do the members only i'll put a link out later today when i look at the deal between next era and dominion i am a big fan of this deal i am a very big fan of it and i think it goes to show you how important the energy landscape is heinz thank you very much for becoming a member welcome to the milk gang thank you very much so tomorrow night probably like nine o'clock we'll do a members only for like an hour discuss a bunch of things and i want to show you show everybody something and i know that there were many people asking me i built i built a lot of new things i'm still beta testing everything let me refresh this just make sure it's up this was the most asked thing that everybody asked me to build out on the platform i want to spend a little bit of time and go over this and really show the 13f capital flows i had built two other things before i think this is much better i have 29 funds reporting out of 30 one hasn't filed yet and the whales that i am tracking ken griffin from citadel and look if there's any buddy that i am not tracking that you're interested in shoot me a message here in the comments on x and we'll add them in i am tracking ken griffin from citadel buffett obviously berkshire israel eglander from millennium david shaw john overdack from two sigma cohen from point 72 renaissance viking global gates foundation tiger global bridgewater pershing square arc lone pine omega advisors gotham capital icon capital oak tree capital green light capital david eihon el palooza management david tepper who post group starboard value try and fund management door keys family office third point dan loeb southeastern asset management marshall vice or vase fair home capital coat management cycon asset management bury is pending right now i am tracking everybody there are some that are inactive that i gotta clean up these are the ones that i am tracking when i look at the consensus buys off of all the new filings broadcom had the most buyers followed by blackstone service now everybody see that service now or service meow as matt would say what's that hollis can you pack no i cannot track trump's portfolio that guy trades or let's put it this way his people trade more than you how about that his people trade more than you what else google's in here seven times sandisk amazon visa meta aon i really think that this is a very cool feature i'm interested to see what everybody else thinks and if there's anybody else you want me to add in here so in addition to that i have the exits i couldn't believe 10 sellers of microsoft 10 sellers of amazon i was very surprised at that very surprised at that reddit eight sellers amd eight sellers i mean this was definitely surprising i also have the new initiates i mean new positions are coming in closed positions five serve eight closed positions most held most held and i'm thinking about a way to do some type of newsletter with this maybe i'll just put it on my sub stack since that's already built out and you can just sign up easily and i don't have to really configure anything maybe i'll put all this data in a newsletter and put it out there in fact maybe i will do that once a quarter actually now that i'm talking through it the most held amazon alphabet taiwan semi nvidia meta microsoft does that surprise anybody i mean seriously does this surprise anybody june what's going on i don't i really don't think that this surprises me at all that these are the most held out of the ones i'm tracking biggest buys ken griffin tesla warren buffett google griffin gold spy microsoft allocated a lot of money biggest sells griffin got out of index funds you also decreased in video a little bit too got by fund and then by i don't exactly know what the hell this is to be brutally honest with you oh you know what i wonder if this i just built this this morning i haven't really played around with it is that how that works no yeah i'm not sure how this works but we can go and see each fund what the top five holdings are so if there's anything you want let me [00:13:54] Speaker ?: let me [00:13:54] Speaker 1: know when i look at this i get more ingrained in my thesis and service now i should have bought more i bought a good amount i should have bought more though and i think it's very undervalued i think salesforce is undervalued my own opinion i think software we're going to see a rotation out of energy into tech and i think a good amount of that capital will roll into software so we'll see but i wanted to show everybody this feature we will be tracking the 13 apps more consistently from here on out and i will build a few more things so let's take a look at where service now is at right now 173 it's up six percent today we're not late okay all right let me say this i'm not late even if i was to add more here i'm not late this is i mean this is down 50 percent in the past year if we look at the five year chart this was about 234 this is still in a dramatic bear market and quite honestly i don't even know if it bottomed there's no we won't know if this is the bottom here this little range for a good six months we need time for this to consolidate and move to figure out if we hit a bottom or not i mean last time around it took a good amount of time 20 september 2022 to january 2023 i mean you're talking about five months there i can't release the tool i'm sorry i am sorry i cannot release this it's proprietary i am i am not paying for the commercial license where i'm getting the data from i am paying for a personal license i cannot release the tool i'm sorry i also am not sure i really want to release it i don't know if i have the time to deal with emails and if there's bugs fix it on the fly i just don't really have the time i do think service now for me is looking very interesting we'll see what happens i think mcdermott is a great ceo i like the fact they're back stopping with buybacks and the metrics look good to me let's look at salesforce where we at on salesforce right now i think salesforce is in the bombing process they're going to report i think first week of june and when i look at this company it's 169 billion dollar market cap 169 billion here's the big thing we look at the cash flow and look what i did i built the bar look at that good for me good for me all right um i forgot to do year-to-date shit all right well i still have one more thing to do i gotta do year-to-date but be that as it may salesforce is doing 14.4 billion dollars in free cash flow they're trading at roughly 12 times free cash flow i will say this if you listen to benioff on the all-in podcast and you go through the financials salesforce looks extremely interesting now i have no idea what it's going to do but i've personally been buying now i don't know if that will end up working out i have no clue it looks like being down 38 percent over the past year and being down 20 percent over the past five years when we reached 370 in 2024 it feels like this is overdone and i will be putting together a full video about this because i think there's a lot to go over with it those these are two names i am very much interested in and it looks like we have breaking news so hold on a sec let's go over to good old cmb sir [00:18:54] Speaker 2: they say suffer what they call weaponization and lawfare now a couple of the details here doj says this will be an almost 1.8 billion fund actually 1.776 billion note the number there they say it'll have the power to issue formal apologies and monetary relief owed to claimants and that on a quarterly basis it will send a report to the attorney general outlining who has received a relief and what form of relief they did receive now they say the fund can [00:19:22] Speaker 1: yeah I don't really care I don't know not that interesting we'll bring it back next hour to see what everybody's talking about on halftime let's go to Zeta everybody Zeta's moving a little bit let's see what's going on they did announce the deal with joining the snowflake collaboration Zeta is up off the bottom over the past five days it's up 20% past month it's up 5% year to date it's still down when we look at the chart or when I look at the chart I like it keep in mind this is a 4.5 billion company 4.5 billion and when I look at the fundamentals oh god we're cutting back hold on I'm about to go on a rant everybody let's back up the tape [00:20:36] Speaker 3: our SEMA MODE is looking at that this morning morning SEMA [00:20:44] Speaker 4: they say a big part of SpaceX's mega valuation is predicated on Elon Musk's promise to bring data centers to space but he does have some big competitors Jeff Bezos Blue Origin Google founder Eric Schmidt who bought Relativity Space which builds reusable rockets and Google itself launching Sun Catcher which according to the Wall Street Journal may also partner with SpaceX there's also open AI Sam Altman who according to the Wall Street Journal has reportedly been eyeing an investment in rocket company Stokespace the main benefit guys to deploying orbital data centers is access to more robust solar energy and less political pushback which AI infrastructure players are facing on the ground but there are technical challenges that need to be addressed first Deutsche bank analyst Edison Mu noting that to properly cool large AI clusters requires massive radiator panels this is a design that he says does not exist right now and that fresh innovation is needed to make this space bet viable he also adds that radiation in space can accelerate interviews but it's one question investors do want answers to Morgan Stanley writing to clients that successful execution of an AI data center strategy could significantly expand if not multiply long-term revenue opportunities for SpaceX I guess the question is just when and how much that will cost when do we get horrible data centers the last time Musk spoke on this topic he said about 36 months so in about three is what SpaceX is aiming for right now but again a lot of restraints that need to [00:22:20] Speaker 1: okay before we go down the Zeta rabbit hole 36 months Musk has never hit a timeline now I'm not saying that this isn't possible the reality is we still don't have full self driving sure you can use the mode on the Tesla but you can't go take a nap in the back seat it's not allowed we do not have full self driving we do not have a cybercat platform we don't have any of that we don't have optimus he what timeline has this guy hit I am not going to sit here and believe that in 36 months we're going to have data centers in space it makes no sense whatsoever maybe he hits it the historical track record is that this is bullshit period like data centers in space okay who the hell is going to build them let's we can say data centers in space all we want okay really think about it for a sec everybody who is going to build them we do not have engineering and construction teams that are astronauts the only way to build it is in robots and you need optimists for that cash mula i'm with you i'm not saying that it is not here in that it's not functional what i'm saying is it is not legal it is not legal to go to sleep with fsd where i am in many parts of the country anyway no no we don't have full self driving because what is full self driving that you can legitimately go to sleep in the back or sit in the back and work and have the car show for you around or recline your front seat back and sleep that's full self driving now sure you can put it on fsd mode but you still have to pay attention and monitor it that's the facts anyway the data centers in space is not something I am believing right now we'll see what happens I think that's crazy all right Zeta getting more interested and I have a good position in it we're starting to move here's the quarterly reality 49.9% year over year growth Q1 30% growth in gross profit they have a 53% gross profit margin and GT I'm with you 10 15 years yeah sure I am not I am one of the biggest bulls for technology technology always advances the technological revolution will not stop it will always advance it's just calling a spade a spade calling balls and strikes are we going to have data centers in space yeah most likely is it going to be in three years probably not 10 to 15 years I can completely see it I can completely see it I look at the operating income I'm starting to really like what I'm seeing it's really starting to stabilize here I think that they're on the real verge of becoming profitable every quarter and when we look at the free cash flow so much easier with that slider everybody operating cash flow 49.7 million CapEx 3 million they're doing about 46 million in free cash flow I'm very very bullish on this company 46.7 million up 45% year over year I like it and then we look at the balance sheet 288 million in cash and investments liabilities 9.8 million short term debt long term debt 197 million what does that tell you they have more cash on the balance sheet than debt this is a non levered company that is growing that is expected to put up huge growth I think that Zeta will move with software if software gets a bid a one or two day rally is not enough we need to see several months I'm not going to say the bottom is in because I don't know we'll know in a couple of months I think software has gotten too cheap and I think the crazy people on X calling for AI disruption is they're out of their minds out of their minds I'm very excited about the opportunity in these software companies my own opinion now let's go back tech is down energy is moving a little bit Zeta is up there 9% today let me look exactly what the headlines were how many of you are in Zeta I for the forward growth that's being projected I do think it's inexpensive so it looks like this is predicated on Zeta joining the Snowflake LED OSI which we found out about on Friday a lot of you in Zeta okay all right so let's my look I like my system but I don't want everybody to think that this is cherry picking data we're going to go to seeking alpha real quick we're going to look at the forward estimates Zeta trading at less than 20 times this year's earnings is crazy and this is probably adjusted not bottom line 14 times next year 10 or 11 times the following year inexpensive revenue growth the STRI is expecting 37% this year and then 16 and 15% the following year I am a big fan of this I think it's going to do very well and we'll see my own opinion Zeta is financial Zeta is forward growth what they do is exciting and if we look at now the reason now is moving is because unlike the other enterprise software they actually have really good growth rates on revenue 22% 18.5% almost 19% for 2028 you put that against Salesforce 11 9.5 10% they're still growing they're still doing good it's not as attractive as 20% Salesforce is another one that's very inexpensive if you look at it from the business fundamentals with the price move let's stack up the software companies and let's see where they're at we got ServiceNow Salesforce Zeta Zeta shouldn't even be in there but we'll put it in because I'm talking about it Adobe Workday so much growth they trade so inexpensive I mean Zeta 62.5% EPS growth over the next two years trading at 19.4 times this year 11.9 times forward crazy PB for you I can certainly add Accenture for you no problem buddy Accenture looks inexpensive also I wonder how much of their consulting business and how much of Deloitte's consulting business gets impacted by AI I haven't really followed Accenture that much but minimal growth they're still growing they're inexpensive from a numbers perspective they put up a ton of EPS I think software is to be enough I really do if we look at this a little bit differently and we do it like this CRM now Adobe Zeta Workday ACN and I do have it on the TTM line look at this I mean 10 and a half times Adobe Zeta I mean we know now is a little bit more expensive because it's still in a growth phase I mean Salesforce at 13 and a half times EBIT century point nine times these are not companies that look expensive by any means Ray what's going on hopefully you had your coffee and your chocolate croissant yeah ACN looks good all right venture global venture global a lot of people are in it all right we're going to do venture global next I want to see what they say about rates hold on a moment this is about to get good [00:33:37] Speaker 5: volatility has been significantly more amplified over the last couple of years and so if you look at what the bond markets are pricing in they're really pricing in in our view on the long end this growth scenario and I think that's a confluence of growth and inflation and our view is actually on the short end of the curve you know we're probably we believe that it's still a little bit of overreach on the rate story I think you're talking about derailing and if this is just a growth story and we expected this concentration this narrowness in the market to persist but yet you have a broader story in terms of economic momentum manufacturing reacceleration CapEx is broadening 10 out of 11 sectors hosting stronger earnings this past quarter so right now the market has been concentrated from a performance perspective in those areas that have done well from an AI adjacency perspective the reality is the underpinnings of economic growth are there the last thing I would note is that our view is that we don't necessarily need the Fed to be meaningfully more accommodative in the second half of the year and so we're not pinning this continued economic growth on rate cuts I think that [00:34:51] Speaker 6: conversation changed I but what if we have to deal with hikes like the conversation I feel on Fed on policy has shifted enough that that needs to be the debate in other words Ed Yardeni who's been one of the biggest bulls on Wall Street 82.50 is his target for year end he stays with that today but calls for a July hike that is a [00:35:19] Speaker 1: that's crazy 82.50 with the July hike I mean I don't know about that again to my so here's going to what we're going to do we're going to finish watching this about hikes I'm going to give you my thoughts and we're going to get into venture global [00:35:38] Speaker 6: complete change of pace that even some of the most uber bullish strategists on the street say yeah the Fed could actually hike in July now I don't think the market believes it for a minute that the worst led Fed is going to do that could only imagine the missives that would come from the White House if that was even seriously entertained by the incoming and new Fed chair but I don't think the market buys that for a second [00:36:03] Speaker 5: no and our view is that they they shouldn't we we disagree with that here we spending is likely to slow incrementally from that discretionary wallet being cut into by high energy prices and Scott we aren't really seeing a robust level of wage growth is moderating so that sort of speaks to still not a maximum employment situation which gives the Fed time to wait and see which is our view how [00:36:36] Speaker 6: do you see this year we we hit a new highs numerous times last week got so top heavy and so narrow that all it took was just a little inch of concern and all of sudden you had a [00:36:53] Speaker 1: I'm going to put a poll out let me know if you think that we're going to get a rate hike or rate cut as the next move I'm going to put it out now [00:37:04] Speaker 6: reasonable sell up on Friday again nothing of great magnitude and here we find ourselves rates are up markets not down all that much tech is obviously getting hit the Nasdaq is worse than the others but even so it's not that big of a deal [00:37:19] Speaker 7: it isn't it isn't but I think what is what still is concerning to me is about the breadth of the market only 44% of stocks are still trading above their 50 day you talk about the narrowness I think that is that's an increasing concern as that story continues to evolve over the next couple weeks I think as we turn back the clock to last week however yes a lot of inflationary numbers were priced in but there was a double on PPI on core CPI that was warmer than expected so those are definitely concerns for me going forward yes yields are moving up across the curve oil is down a little bit today nothing substantive coming out of China this past weekend you know so I think there's a couple of things in the crop pot that are pulling the market down slightly but to your point it's nothing substantial so I think the earning story has been good we'll hear from retail this week which I think will continue to move it first [00:38:10] Speaker 1: so the reason why hold is not an option is because we're currently holding if they hold they're just doing the same thing so it's off of this level what do we think is going to be the next thing do they hike or move whether it's in the end of the year the next meeting doesn't matter and remember the Fed is made up of what 12 voting members I don't remember exactly how many but it is not just Warsh's decision it needs to be consensus here is where CME group stands CMA group June nothing July 6.4% chance of a hike September 18.9% of a hike and then 0.9% we get a second hike going out to December everybody there is a 0.5% chance we get a rate cut this year based on CME group 0.5% no star what's going on no change is not an option because we are currently in a holding pattern it is what happens next from this pattern whether we get a cut or we get a hike they can hold for the next year that doesn't matter it's what what's the next trajectory this is crazy July 2027 the fact that they're talking about the potential of going up two to three times is crazy here's where I'm at on the macro this is where I'm at I don't let the macro dictate my long term thesis I think the macro serves as a very good sounding board for opportunities to deploy capital because over time the market goes up over time corporate earnings expand the macro is a short term thesis eventually things work itself out because we adapt and pull levers currently oil being over 100 is impacting CPI and PPI oil being over 100 is impacting the transportation costs it's impacting input costs fertilizer costs which are causing inflation we are no longer an environment where we're 2.5% getting down to 2% we just came in at 3.7 3.8% on CPI next month we could get a 4 handle very easily we could get 4.5% I am not projecting that we are going to get a rate cut anytime soon what I think is going to happen is they are going to hold at the next several meetings and the next move will come in September but that will be predicated on the oil markets if oil comes down we will likely see CPI start to come down about 2-3 months later in [00:41:44] Speaker ?: in [00:41:44] Speaker 1: in order to cut to happen in September I think that we need a deal done in the next two weeks we need oil to get below 80 and I think that can happen in June middle to end of June and we need to stay there because then the Fed can go into Jackson Hull and start saying well oil is no longer a threat the choke point the straight of our moves is open everything is stabilizing we need to cut because consumer credit housing market you name it not to mention the amount of debt we are paying on the amount of interest we're paying on the U.S. debt we need good question Steve what did the commercial loans do that got a five year loan ago I know exactly what you're saying it's a very big problem right now because commercial debt is typically on five and ten year cycles it is a very big problem because so many businesses took out debt when rates were the lowest they've been in decades now refinancing at these levels impacts margins everybody that has watched the stream knows that I am working for everybody than caring about inflation some would think that that is not correct and I would happily have that conversation here's why I feel this way whether you have inflation at 2 or 3 percent does not matter if you're going to go spend $102 on something next year if you pay $103 or $103.50 it's not making a difference what makes a difference is making sure that companies and people can borrow at rates that do not impact margins that way we can have a job market that is robust the worst thing that we could have in my opinion is a job market that continues to tighten small businesses that cannot borrow at rates that make sense to expand having a market where you cannot refi debt at rates that don't impact margins because when margins get hit and when things get tight people lose jobs that is way more important than one point of inflation my opinion if I was Fed chair which I am not I would keep rates at 2.5% indefinitely unless something structurally breaks it it [00:44:33] Speaker ?: it [00:44:33] Speaker 1: is ridiculous to move them around the way that we do if there is more demand for a product or service more supply will come online because there would be an opportunity for companies to make money or individuals to make money it's simple supply and demand dynamics and trying to react to every little change is insane we need to create an environment that is stable predictable and works for the economy anyway I disagree Joey I mean look we can obviously disagree what Joey is saying is lower rates actually mean more job loss gives all the big corporations an excuse increase capex on hardware for AI layoff more and more people that's going to happen anyway Joey that's why that's exactly why my opinion and you may be right but my opinion on that is that's exactly why we need lower rates because we need small businesses to borrow and expand because large companies are laying people off we need the job market to be robust we need people to be able to find jobs quicker we need small middle sized businesses to expand we need more people to be able to open up businesses capital to start their own business I was fortunate and I make no qualms with that I've worked very hard I was fortunate where I was in a position where I could take the chance on myself and allocate the capital I needed to do everything I needed to do I also am not 21 I am in my 40s and I have done well and put capital away you know for people starting out they need to be able to access the debt markets in a lot of cases businesses that are starting out from a couple of people building something from the ground up need to be able to access the debt markets we need to make sure that those markets are accessible we need to make sure that these companies and businesses can hire otherwise there will be no jobs to backfill when these big companies are cutting listen if I was 22 I'd be very happy to be 22 again I can tell you that right now early 40s and I appreciate it Travis I don't look a day over 30 trust me I feel every day over 30 I can tell you that right now I can I really do feel it what do you mean about the door I don't get it G money I'm with you plumbing one of my buddies owns a plumbing company one of my buddies owns an electrician company one of my buddies owns a general contractor company I will tell you right now they all do very well very very well let's say that's my rant on the Fed that's my rant on rates we will obviously see more I am a fan of Kevin Warsh I think he is incredibly intelligent I do not like the fact that Fed Chair Powell is staying on at the end of the day I do think we're going to get a rate cut in September but that is predicated on my views on oil we need oil under 80 all there is to it oh Chels look at this look at this the Chicago meetup blog was the best love seeing that everybody and what we are what they are talking about is Amit does meetups once in a while and Chels was gracious enough to capture many moments on her vlog and put it together it just came out you can catch it here you should follow Chels and it was a great vlog watch it later when I'm done so Tanner is not going live today Tanner is on a plane he is headed out to California so I will say instead of when I'm done go watch the vlog because Tanner will not be on and I am not filling in for him I'm not going four hours straight let's get back to the markets now that I gave you my thoughts on where we are in the Fed cycle what my thoughts on is what's going to happen oh boy Ray a lot of FOMO I'm going to tell you that a lot of FOMO buddy I really wish you and Michelle were able to come we will figure out when the next one is and I think that it's going to be really really good am I doubling down in micron did we hit a point where I have to double down hold on 692 no why would I double down I'm doubling down at 600 I have like I said I have no idea what micron is going to do it just got a little better looking in here look who's here look who's here I am not doubling down yet I said from the beginning micron I think is inexpensive even with the rally it went to 810 it fell to 708 I bought it 709 and then I went back up and I said look I don't care if it does short term if it's something I want to own if it goes to 600 I'll double down if it goes to 500 I'll double down if it goes to 400 I'll if the investment thesis is there that's all there is to it my thought process is the AI revolution is not ending we need more memory I am very excited to see what Jensen says on Wednesday Jensen is going to talk a lot about the future when he says we need a thousand times more compute I do believe him I'm studying what Jensen with Lisa Sue what everybody is saying and I'm extremely excited in fact let's I'm going to answer two questions and then there's something on CNBC that I want to discuss because speak of the devil they're talking about semiconductors and micron and I'm lining this up we got meta also we're going to line this up and we're going to cut over hold on all right there was something I wanted to answer hold on okay NASA will you have guests on basis points in the future yes we will breaking news I can't tell you who breaking news we have two CEOs we are interviewing this week breaking news I'm not telling you who it is I actually don't know when we're releasing the videos that's up to Amit Wednesday we will be interviewing we'll be doing two interviews two separate CEOs and all I can tell you yeah Amit told you Amit told you blah blah blah Amit did not tell you I know that because I spoke with Amit last night about this we're not telling anybody and we're just dropping the episodes without telling anybody or giving anybody hints he did not tell you listen I will what I am going to do I promise everybody it is not Jensen as we as we said on basis points on Wednesday I think Jensen's got something better to do other than talk to Amit and myself as cool as that would be they have earnings it is 100% not Jensen that's all I'm going to tell you but the next couple of episodes for basis points are going to be fire there is no question about it super excited I'm very excited about the future basis points and I think all of you are really going to enjoy the next and I think you guys are enjoying just Amit and myself based on the comments and the views I think you're really going to enjoy the next two anyway that's all I'm going to say on that just so I don't slip I will not be addressing that again today so let's see what they have to say because I am super excited as I have a bunch of capital deployed in this area [00:54:52] Speaker 6: 300 at Key Bank 300 matched at DA Davidson as well what do you think about this so [00:55:02] Speaker 3: we're we're talking about 80 billion in revenue with whisper numbers approaching 90 billion in revenue and I think the interesting thing about this report is NVIDIA's ability to step forward and say supply chain disruptions that others are feeling no we don't feel those constraints and I think that's very powerful I think the 212 area for this stock is critically important let's remember it spent six months basically trading in a sideways range on October 29th 212 that was the high so that should now be important support I don't think you could look at China and think that they are going to be a factor as we move forward which was the expectation when the president went over to Beijing but I think what the anticipation is this is going to be a blockbuster report I think it's built into the stock price for sure I think it's reflected in what we're seeing with Broadcom which reports on June 3rd I [00:55:56] Speaker 1: don't know if it's built into the stock 222 for Nvidia off of its earnings I don't know that's built in [00:56:06] Speaker 3: well I [00:56:09] Speaker 5: mean not a factor for China in the short term [00:56:11] Speaker 3: no I think the expectation was is that you would get some relief on the chips and finally get the revenue contribution that's been missing over the last six months I was [00:56:23] Speaker 6: going [00:56:23] Speaker ?: to [00:56:23] Speaker 6: say Broadcom's target to 490 today at UBS you have Nvidia too look I don't know what they can possibly say that's going to be a surprise to anybody it's likely going to be a bullish outlook I mean the hyperscalers already sort of gave you the roadmap for what this company is going to deliver I mean I know that whatever whisper numbers are the bar continues to be raised but they continue to at least meet it or get over whatever they have to get over not that the stock is going to have a tremendous move on the back side of it because it hasn't really done that it's taken a little bit to digest it and then it has this ramp I don't know what this time holds I [00:57:06] Speaker 7: think it's going to be about the forward guidance without a doubt right and I think it's also going to be about margins we need margins to stay in that kind of 70% ratio right I think this kind of transition I think the black rail ramp calls are something that's been in the news right transitioning from selling individual GPUs to the server rashes require more late [00:57:28] Speaker 1: if you're interested at all I put out yesterday a dedicated video on my prediction about Nvidia I went pretty in depth I think it's like 26 minutes or so I went very in depth on Nvidia if you're interested at all [00:57:48] Speaker 7: even more complexity I think that is something to be looked at but it's going to be a block rest or quarter we've already heard from all the hyperscalers in terms of CapEx so no news there but that's where my focus is the forward guidance and the margins [00:58:05] Speaker 6: so we'll wait for that on Wednesday and we'll see what happens White she made a move in terms of mega caps and by the way we are just off the back of 13 F season which I always tell everybody just take it with a grain of salt because the most nimble of traders are who they are because of how they trade and you know what Appaloosa doubling an Amazon stake revealed in a 13F and adding Sandisk in the first quarter who knows what I'm [00:58:38] Speaker 1: not sure what NVIDIA's margins are going to do let's see what they say about Micron they look they may get hit by a percent or two on margins it may not matter with how much revenue growth they're going to do that's the difference [00:58:52] Speaker 5: do get some weakness so I agree with Jason I think this would be a buying opportunity [00:58:59] Speaker 6: Weiss why'd you trim Micron I mean we know the stock has been up so it sounds like a dumb question but there still feels like there's a lot of momentum behind these trades and names like that [00:59:09] Speaker 8: yeah so as you recall I trimmed 10% last week and this morning I sold the pre-market most of what I sold it was looking up 30 35 I didn't catch that top tick but I came pretty damn close which means that it looks very cheap next year and actually at 800 didn't look so cheap last year because the average peak multiple is like six times [00:59:39] Speaker 6: just like eight and a half I think or somewhere in the ballpark of that now [00:59:42] Speaker 8: exactly right which is not cheap right it's reasonable but it's not cheap and I just thought with all the money that went into it I was struggling to see how the story could improve and I thought that it could be a source of funds for some but for me it became such a large position in a month and a half that it just didn't pay to hold on to something that was an irresponsibly large part of my portfolio multiples [01:00:06] Speaker 6: come in just a touch too and between Friday and today it's seven a little more than [01:00:19] Speaker 8: I'm going to start hitting the exit now I'm not going to exit the whole position because I do think that if it trades down a little bit to Shannon's point before it'd be a point where I'd want to enter so I'll tolerate the volatility I'm not saying I won't sell anymore but I don't see myself exiting the position there was a [01:00:34] Speaker 6: moment on that chart see I like [01:00:37] Speaker 1: Weiss's analogy on that I mean you look at that chart from Micron yeah stocks don't go up indefinitely Lena what's going on happy that you're with us stocks don't go up indefinitely and like he said he's going to ride the momentum he's made money on it when it feels like the momentum is breaking he's going to exit some of the shares and then he's willing to buy them back if they get to an interesting situation I love that I love that I think that's a good strategy for him I'm not looking to exit I'm looking to build I'm stepping in at certain levels my levels are predetermined where I'm stepping in I'm stepping in and get 600 if I have to and get a 500 if I have to my crystal ball is broken you know what I need to make merch I know I do nobody knows merch should come out crystal ball being broken with some cracks in it absolutely we need some merch I don't have that crystal ball got lost in the mail came broken this is not bad strategy for him I actually think it's a good strategy for him and something that I'm interested in I'm not gonna say that I'm wrong on Micron it's been a week I mean this is a multi-year thesis let's look what's going on right now Zeta still catching a bid ServiceNow still catching a bid Salesforce can we get over 180 everybody come on 180 Salesforce anybody anybody Bueller Venture Global I need to talk about Venture Global everybody I will do that next Chevron Exxon money coming into energy ordinate Enbridge rocket money rocket money cloud flare over 200 again energy transfer over 200 over 20 alphabet over 400 reddit just below just below 160 Amazon 265 let's see Microsoft almost 420 SoFi down a tick Meta down a tick Hood down a tick let's see who's really going down Nvidia 220 off its 52 week highs heading in earnings AMD 414 next decade 887 Micron 685 looks like we are getting some buyers Iren 4887 Sandus 1298 Nebius 194 I'm sorry don't be shocked about Nebius getting sold off a lot of people made triples and quadruples do not be surprised about that anybody being surprised about Nebius going down you're crazy this [01:03:42] Speaker ?: this [01:03:42] Speaker 1: was bound to happen it's up 420 percent in the past year people are taking profit same way people are taking profit on Sandisk up 3000 percent so let's talk about good old venture global and to do that we should look at the numbers VJ full disclosure I own VJ I think a lot of people here own VJ okay five year chart what what is going on not Broadcom Venture Global why is Venture Global not coming up in my system what the hell what what the hell what exchange is VJ on is that is it not on the freaking NASDAQ hold on or the NYSE I guess we're going to seeking alpha for your VJ what is this trading on the NYSE I wonder why it's not coming up in my system I will have to look at that okay venture global IPO high it crashed it went back up it crashed now it's back up holding the line around 15 I got in luckily I got in around here I think a lot of people did a lot of people doubled down 35 billion dollar company 35 billion dollar company let's look at the financials in the trailing 12 months they've done 15 and a half billion dollars in revenue roughly 7 billion in gross profit roughly 40% margin operating income over 5 billion EBITDA 6 6.2 billion 6.2 we look at how much their interest expenses are 1.8 billion they are doing more than enough EBITDA to service the debt let's look at the debt stack 1.6 bill in cash and cash on hands long-term debt 36 billion dollars this is not uncommon for energy infrastructure I will show you energy transfer I will show you EPD kinder this is normal for energy infrastructure companies the fact that they are doing over 6 billion in EBITDA and I believe that they are expected we'll go to the shareholder deck I believe they're expected to do 7 to 8 billion this year let's go back and let's put this on a quarterly look and let's model it 1.4 I wonder why it was so low this quarter it was up year over year so we'll go to the deck free cash flow throw back on annual negative because they're spending so much on cap the EBITDA is more than enough to service the debt when I look at the energy landscape we need much more exporting capability venture global is one of the biggest companies for energy infrastructure for exporting Chenier is the largest when you think about natural gas being a bridge fuel that gas powers a lot of the data centers net gas is a commodity that Europe needs that Japan needs that everybody needs we are the largest oil and gas producing nation on the globe I do believe that we are going to see net exports of LNG increase because that is what the EIA said in their short-term energy outlook if their model is correct venture global should continue to generate more revenue more EBITDA more earnings which should be very good for shareholders I think next decade is more speculative because next decade is not really generating anything yet they still have a couple years to go on their build out but it could be a good one it's just going to take longer for it to get up and running I do like next decade though I'm sorry I do like venture global venture global is something that I am very much into I'm a shareholder I like energy infrastructure the globe runs on traditional sources of energy there oh you saw that yeah I gotta drink more tea everybody my voice finally came back and I gotta take care of my voice English breakfast tea it's actually my favorite English breakfast where was I okay energy the way that I am personally playing energy I don't know what the commodity price is gonna do my biggest fear shouldn't say fear let's not frame it as fear my thought process is I cannot call commodity cycles currently crude is at 103 this could be at 80 in a week it could be at 120 in a week I have no idea where the prices are now are great for upstream and exploration companies that are actually drilling and bringing the fuel to market where I tend to live is in the midstream sector energy transfer Enbridge Enterprise Pride Partners Kinder Morgan because regardless of what the commodity prices do they are [01:10:41] Speaker ?: they are [01:10:41] Speaker 1: providing the infrastructure to transport to store to treat the energy the contracts are take or pay mostly that means Exxon Chevron Oxy they'll say hey we need to contract X amount of volume these companies will give them a quote agree on a price it's contracted whether they use 50% 70% or 100% energy transfer gets their full freight Enterprise Products Partners gets their full freight it is much less sensitive than commodity pricing so that's why I tend to live there with those types of companies I don't tend to I bought Chevron not too long ago I thought it was undervalued I've owned Exxon for a long time but I've been buying midstream operators more let's see Treasury is not really interested in that I do want to see what Dan Ives said though let's do this let's get a new poll let's end this poll I forgot it was running where's the there we go 48% rate hike 52% cut okay all right do you own NVIDIA directly be nice if I was typing into the poll right all right how many of you own NVIDIA let's say how many of you own NVIDIA okay I got to find the here we go all right let's whoo coming out of the gate strong 100 votes 71% yes for NVIDIA look at that all right so do I obviously [01:13:07] Speaker ?: obviously [01:13:07] Speaker 1: I own a bunch NVIDIA is probably too big of a position in my portfolio for how I manage risk I'm okay with that and I'll go through all the numbers why let's look at Dan Ives let's see what he is saying right in the poll a lot of you own it I'm very interested to see what he says and I can't wait to have another conversation with him about NVIDIA and about Palantir in general [01:13:39] Speaker 9: we just showed that chart of 30 year treasury yields versus QQQs are we overstretched here in terms of this AI tech trade and just how far it's run how quickly okay [01:13:54] Speaker 10: that's why it's so important in terms of NVIDIA earnings because I think that's going to put just more fuel in this tech rally you know we think tech stocks are up another 10-12% rest of the year look we're going to have some of these white knuckle moments whether it was Iran whether it's rates especially wars coming in but it just continues to be the risk on trade because this fourth industrial revolution like we said it's top of the third inning one out and that's where we are and I think you're going to continue to see these dips get bought [01:14:21] Speaker 9: why do you say especially with worse coming in [01:14:23] Speaker 10: because I think there's just worries you know him coming in what does it mean for tightening worries about rates if you look at just like when any time a chairman comes in what the stocks do over the next three to six months so there's definitely nervousness the bears will come a little out of hibernation mode and you'll see them scare some of the bulls but the reality is that we are still early in this trade in terms of AI we'll hear from godfather of AI this week and that's going to be just another important data point in what we see as this plays out [01:14:53] Speaker 9: you have the best nicknames for all these different companies and CEOs Vance want to get your thoughts on this especially given the fact that if you do look at some of the technicals we are looking at least within the equity markets with oil higher with rates having this big run up overstretched [01:15:07] Speaker 11: it is in the short term I think it's sort of a white knuckle where it gives you a little bit of pause but just move your stops up a little bit I think you need to be a little bit nimble but I think Dan is spot on I think the market is going to go higher I think he's right that the tech trade is still very much alive and I think any pullback is viable our target was 77 7800 on the S&P it looks like we're going to get there by mid summer very bullish on it and I can't see tech going I think we're going to get a pullback here maybe 3-5% which would actually be a gift it would give us a chance to add to some positions that we like put some capital to work that maybe we've been sitting on cash just a small amount and I think it would be a chance to take the opportunity to buy some great equities [01:15:58] Speaker 9: I do want to dig a little more deeply oh go ahead looks like you're ready to go I [01:16:03] Speaker 10: think Vance makes phenomenal points in terms of these dips get bought look we saw in March [01:16:09] Speaker 9: yeah who [01:16:13] Speaker 1: always says that dips get bought gaps get filled always happens in the market it always happens we're going to go over NVIDIA's numbers right after this I'm super bullish and I'm going to give you an insight into my since all of you are always here with me I'm going to give you an insight into the video that I put out if you want to watch it great so let's finish up with this and we'll go through NVIDIA Wednesday 4 o'clock or 420 whenever they report the biggest thing this quarter [01:16:48] Speaker 9: speaking of NVIDIA wow talk about breakout ahead of these results I mean expectation that you're going to see revenue reaccelerate here in their new fiscal year and perhaps even coming stronger than that for Q1 how do you see it [01:17:01] Speaker 10: the black leather jackets getting ready for Wednesday because I think the street numbers still are underestimated we think anywhere from 15 to 20% of next few years because everything we've seen from our checks in Asia from Taiwan show demand to supply 10 to 1 for NVIDIA chips you've seen it from AMD TSMC just go across the food chain and I think this is going to be another breakout moment relative to the AI trade I think investors are still especially when it comes to physical AI think about the China trade H200 that's not factored in and look the godfather of AI speaks you'll hear a pin drop on trading for us because that is the most important thing in this market [01:17:43] Speaker 9: Vance we also have a market that seems to be continuing to shrug off geopolitics here for the most part yes China summit seems like a little bit of a nothing burger dare I say at least based on the information we have publicly what matters to this market going forward how much of this is a SpaceX IPO how much of this is something else [01:18:16] Speaker 11: well you know I think that the nothing burger is a good thing nothing really coming out of China I think was probably kind of healthy because I don't know he went over there with an agenda maybe he met the agenda we don't know but I agree with Dan I think NVIDIA is going to go higher I think that the trades that we're looking at are very very positive I'm really bullish on the market but I think one caution that really throws caution to me is where the 10 year Treasury yields were headed over the past we have to deal with and it is supply and demand issue but energy needs to be looked at inflation still needs to be looked at and this 10 year treasury yield going up needs to be looked at so there is some caution that needs to be taken here [01:19:07] Speaker 9: affordability versus AI this seems to be the nexus of the tug of war for investors here finally Vance I just want to Micron or Rocket Labs or even Cummins on the industrial side with AI build out [01:19:28] Speaker 11: and you know if you're looking at engines like Cummins I think that's going to be a great play especially for these data centers and what's going to be needed but you can also play it with an ETF PAVE PAVE they've got sort of a combination of different infrastructure stocks that are going to benefit [01:19:54] Speaker 1: NVIDIA earnings Wednesday here are my thoughts I'm coming in at 80.5 billion Q1 revenue I think they're going to guide for 88 to 90 billion in Q2 I think their margins going to be 75.2 percent my own opinion everybody my own opinion you got to watch the dedicated video for all the insights and all my breakdowns we're going to go through the numbers live let's see why I think that first we'll start with the terminal view what a beautiful chart what an even prettier chart five years 1400 beautiful beautiful beautiful phenomenal chart I mean the forward PE is under 20 crazy okay we're not going to bore everybody with going through the financials like this we'll do it on the other one I don't think we need to go through ownership or technicals if you want I can do the full technicals on the other side let's go into profit ability first let's go into earnings visualizer I would not be betting against the company that has a 75% gross profit margin in Q4 65% operating margin and net income margin is 63% this is the highest margin large cap business I know of it's incredible absolutely incredible and you look at on a TTM and their margins have expanded quarter over quarter this is incredible now let's look at the profitability this is where Nvidia shines in my opinion and we're going to do it against AMD and Broadcom because those are Nvidia's biggest competitors okay Nvidia does more revenue than both of them combined more gross profit than both of them combined more EBITDA more operating income and more net income than both AMD and Broadcom combined their margins Nvidia's margins are incredible everybody 71% gross operating income 60% EBITDA 61% cash [01:23:04] Speaker ?: cash [01:23:04] Speaker 1: from ops 47% net income margin 55.6% and this is for time frame of the TTM not the most recent quarter not fiscal year the TTM well I guess TTM is fiscal year they haven't reported Q1 yet this is why I'm so bullish Nvidia not to mention not to mention their current valuation multiples compared to Broadcom and AMD extremely low extremely low when I look at this they went in 34 out of 43 categories now let's look at the forward numbers so I have that broken out separately Nvidia AMD and Broadcom everyone Nvidia trading at 26.7 times this year 19.6 times next year and 16.9 times the following year is not expensive my opinion 58% EPS growth over the next two years yeah Broadcom has a lot of growth I think Broadcom is cheap too why wouldn't and I get it that AMD is growing at 140% EPS yes but don't we think that Nvidia should get a little bit bigger of a multiple I do if we look at Nvidia let's bring in Amazon let's bring in meta let's bring in Google let's bring in Microsoft let's bring in Apple I would rather pay 17 times forward for Nvidia than 28 times for Apple I would rather pay 17 times for Nvidia than 23 and a half times Alphabet I mean I don't know if this is an obvious dip I think we look at this as this is probably going to be a good long-term opportunity if Jensen comes out with very solid growth numbers can I throw Nebius in here sure let's let's do this Nebius Iren Corweave I mean the calculations don't really work you can't go off the growth because it's negative to positive but if you look at where these companies are coming out with earnings or the analyst community is pegging them at Iren is actually the most interesting and Nebius is the worst I I cannot believe I consider Iren right now all right we need more information let's hold that thought let's go back to seeking alpha I can't believe I'm going to look at Iren again Iren ZPS is different than what mine is pulling in I wonder why FMP and seeking alpha do not have the same numbers look at core wave see oh you know what mine's probably doing adjusted maybe oh no I'll have to look at that normally mine seeking alphas is pretty concurrent all right this doesn't make sense why would they drop EPS so much in 2029 there's also only two analysts there man core weaves growth is off the charts nebias PE is 70 let's look at nebias this is seeking alpha right now what I'm using nebias does not have a 70 PE nebias does not have a PE because they're not making money this year so if we go to my model I use I get I'm paying for all my data my data is coming from FMP my data is the data that RBC uses Franklin Templeton uses Harvard Business School KPMG my data is legit now for nebias I will have to check what's coming in and I'll have to let you know but I can tell you this I'm paying for the best data I can get when these companies are using the API that I'm using I trust my data Franklin Templeton RBC KPMG would not be using this if it was not correct so I will take a look and see what's being pulled in for nebias and how the analyst stuff is coming in from this and it could be how different systems are interpreting the data also Tanner is on a plane Tanner is not going live today Tanner is on a plane there is no TANEDA show let's just look at the I want to look at Netflix also everybody I think Netflix is interesting here but let's look at the Mag 7 real quick I mean for me it's hard to not get excited about these three under 20 times forward for Microsoft NVIDIA meta I think that's very interesting all right let's look at Netflix not a huge amount of growth but it is trading at an exciting valuation and I do want to see what Bank of America has on them because it looks like Bank of America is giving a new rating [01:32:08] Speaker 6: so calls the day we got one on Netflix B of A says it's going up 40% from here 40% Jason Snipe what do you think [01:32:35] Speaker 7: so I continue to like Netflix obviously had a nice bump since kind of that Warner Brothers break up fee that didn't go down stock has languished since then they got initial pop it has languished since then I think it can focus on the core business which I like on a going forward basis advertising revenue is supposed to be a double this year 3 billion [01:33:03] Speaker 6: is realistic 125 at B of A from here I think it is possible absolutely what do you think Weiss [01:33:09] Speaker 8: I don't disagree as you recall I sold part of the position I guess about 85 86 about a month ago and I kept the rest I think it'll work but this has typically been a quarter to quarter show me stock so waits for the quarters to have the big moves so we need a big quarter coming up to get it out of the funk that it's been in the last two quarters so I'm sticking with what I have so far because I think in a down market this is already seen down [01:33:46] Speaker 3: walking away from Warner Brothers I'm glad [01:33:50] Speaker 6: you noticed the distinction that he was talking about Mr. Snipe and myself I felt a duty [01:33:55] Speaker 8: to call it out [01:33:56] Speaker 6: I thought he was talking about me [01:33:57] Speaker 3: so the ad revenue that Jason highlights is important because I think that number grows even more as they get more active in the live engagement if you take an NFL game an NFL game brings it about 25 to 30 million their ad revenue on that NFL game is somewhere around 100 to 125 million if they're able to grow your live engagement ad revenue is going to go up well they're [01:34:20] Speaker 8: doing it I mean I've watched even more [01:34:22] Speaker 3: than they are now [01:34:23] Speaker 8: I've watched the major Rousey event all 17 seconds of that match [01:34:27] Speaker 3: it's Rousey [01:34:28] Speaker 6: but that's okay Rousey Rousey [01:34:30] Speaker 8: Rousey Ronda Rousey sorry Rousey [01:34:34] Speaker 6: yeah [01:34:36] Speaker 8: and the ads were unbelievable folks he's really [01:34:40] Speaker 6: hip off camera he wastes it all before he gets on camera [01:34:45] Speaker 8: okay [01:34:53] Speaker 1: Netflix is interesting because people love entertainment and for 20 bucks a month or 25 bucks a month especially if you have kids it is essential everybody everybody that I know that has kids has Netflix I get rid of my Netflix subscription all the time because I barely use it I only use it when there's something out that I want to watch but Netflix has great margins I think [01:35:29] Speaker ?: I think [01:35:29] Speaker 1: the deal with Warner Brothers was a great deal to get broken up I did not like the deal for Netflix and I think it's to their favor that it did not go through 50% gross margin EBITDA I mean what the fuck I wonder what happened something must have happened to cause the earnings they probably divested oh EBITDA margin went up because of one time with the breakup free cash flow 25% that's what I care about 25% free cash flow margin this is something that does 12 billion free cash flow I think they're only going to get better I think Netflix is only going to get better and if they do add and this is what I would want to say from them go buy the Knicks go buy MSG you get the Knicks and the Rangers go buy publicly traded go buy Manchester United Netflix should really go in the live sports realm they really should I think that's the next frontier for Netflix Disney Disney alright let's take a look people sleeping hard on Disney I'm happy to look at it [01:37:08] Speaker ?: Netflix [01:37:13] Speaker 1: ok from evaluation standpoint Disney is much more enticing than Netflix alright let's look at EPS evaluation Disney Netflix Netflix similar EPS growth Disney trades at 12.5 times forward with less growth Disney is more of a value play let's look at Disney's chart I actually haven't looked at Disney in a while let's look at Disney's chart here's the problem with Disney it's done nothing in a decade nothing in a decade the yields 1.2 percent I don't know are we sleeping on Disney and it's down almost 40 percent five years all right so free cash flow about 10 billion capital [01:38:57] Speaker ?: capital [01:38:57] Speaker 1: return 5.3 billion between dividends and buybacks I don't know Disney's so hard I don't know if I could own it it's so hard let's see what the TA is on it all right so the long term is bullish right up against the resistance all right so the trade setup looks like okay so my system is saying Fibonacci extension pre-pandemic resistance areas around 134 historical valuation multiple recovery to 25 times forward PE would be 165 premium valuation reflecting streaming dominance and park recovery 185 I'm not that interested I think too much has to go right with Disney I'm just I don't know it's Disney how excited can we really get with it there's other things I'd be bullish on before Disney Oh hold on hold on everybody hold on people are getting excited about service now look at that service service [01:41:51] Speaker ?: service [01:41:51] Speaker 1: now service [01:41:52] Speaker ?: now [01:41:53] Speaker 1: I will tell you I think the SaaS apocalypse is overdone I think it's ridiculous I'm not buying the SaaS apocalypse not buying it I bought service now I'm buying Salesforce I'm buying Microsoft I'm not buying the SaaS apocalypse I think it's overdone I think it's ridiculous I could be talked into buying more service now I am not at the moment but I could be talked into it all right everyone I agree now is a bargain it's an absolute bargain are there any financials I like right now SoFi JP Morgan Citigroup are what I like it's what I own it's what I like we're going to do a final check on the markets and let's see where everything's going Zeta 1875 I looked at Whirlpool the other day I don't like it Service now 103.17 it's running Rocket Money 128 Salesforce 178 Ford and then 125 Venture Global 1450 ET 20 Mo 73 Amazon flipping SoFi flipping Microsoft not down nearly as much Reddit 158 Nebius [01:44:15] Speaker ?: Nebius [01:44:15] Speaker 1: down Sandus down Iren down Core Weave down Micron down Oracle down Next Decade down Veve thank you for the super chat I don't even know what Veve is I like Vertiv I don't own it but I like it what a bad chart this is Veve what a bad chart great margin really good net income margin it's a debt stack no debt no debt with 6 billion in cash how is that possible how is that possible the hell does this company do big free cash flow are they buying back shares what the hell is Veve systems do veeve analyst community has a growing EPS okay it's got my attention building building the industry cloud for life sciences I'll take a look into Veve and I'll get back to you tomorrow let me do some research you definitely piqued my interest on Veve you definitely piqued my interest thank you I actually I do like this I'm not looking at melee I'm not really that interested in anything overseas at the moment except for Enbridge Frogger Finn what's going on not really overseas person do I think Nebius will gain on maybe I think Wednesday is going to be a very interesting day so we'll see all right everyone I will be back at 630 tonight I will be back at 630 tonight give me one sec let's link this things to link if you did not go to the meetup chose put out a great video Tanner is not live so go watch the video from Charles and subscribe to her YouTube channel this is documenting a lot of the stuff that we did it was a great time I'm looking forward to the next one if you want to see my video on NVIDIA I will link that also full breakdown on NVIDIA what I'm expecting for Wednesday and why is right here thank you everybody for being here I really appreciate it I will see everybody at 630 tonight for a breakdown of how the market finished and what we're looking at for tomorrow and maybe we'll talk about VEV tonight with Chris Patel thank you everybody really appreciate it have a great rest of the day