[WARNING] Tech Earnings Could Move Markets

[00:00:01] Speaker 1: Hey, hey, what's up, good people? How you doing? Welcome back to Stock Up with Larry Jones. We got a lot to get to. All right, we'll see you in a couple of seconds. All right, let's go. Let's get right into it. Listen, right out of the bag, I want to show you guys this portfolio of some chips that we bought in Money Moves on Friday. We bought these. We'll get back to that a little later. I just want you guys to know that we buy fear and sell greed. Does that mean that the bottom is out in no way? Does that mean that the bottom is in, should I say? Because we have earnings starting tomorrow. This is Big Tech Earnings Week, and some of these could go down even further, but I'm happy with my buys. How about you? I'm happy that I bought it cheaper on a discount. That's what I'm going to say to you, right? So first, guys, let me take two seconds and congratulate Rosa. Rosa made $933 today in Money Moves and the zero DTE options, absolutely smashing it. And then look at this, guys. $10,000, $10,160 for the day. I gave them the Q calls, the Tesla calls, and the IWM, absolutely killing it. You could see it right there, circled at the bottom. We got receipts. $10,000. If you want to come join us, it's the top link below. Money Moves. Come get this money is what we say. All right. Let's get right in to what we want to get into. All right. So we could see right here tomorrow. Should I say the 20th, depending on when you watch this. On the 20th, we have October 20th, that is Tuesday. That's tomorrow. We got Netflix earnings, guys. Big Tech Earnings is hitting it right now. Okay. Then we have SpaceX. I know some of you saw a SpaceX share in there. I got that around $112,000, I believe it was. I'm sorry, $112,000. I got that around $112,000 when it went down. I got it. I got one share, like I told you guys. But I wish I had loaded up now, actually. But I'll wait. I'll wait. Tesla is on the 21st. Okay. That's Wednesday. So tomorrow we got Netflix, SpaceX. And then on Wednesday, we have Tesla and Meta, right? So then we have IBM on Wednesday, the 21st also. And then on the 29th, Intel. And then November, Apple. So Big Tech starts its buying right now. Should I say its earnings right now. Big Tech starts its earnings right now. And depending on what happens to their earnings, if we start getting bad earnings, bad earnings, bad earnings, bad earnings, the market's not going to like that. Here's what else is going on. You got to keep your eyes on, right? So on Wednesday, the 28th, about nine days from now, 2026 at 2 p.m. Eastern Standard Time, we have the interest rate decision and policy statement by the Fed. Then we have the press conference held by the Fed chair on Wednesday, okay? October 28th, 2026 at 2.30 Eastern Standard Time, okay? So I'm not even going to get into what's expected and all of that. We just don't know until the data comes out. So here's what I want to go through right quick. Let's look at what's happening with the indices. We got the NASDAQ up here, S&P, and the Dow all up at this current time. The NASDAQ is up 350 points. It was in the pre-markets, and then we have the S&P and then the Dow right here, okay? The NASDAQ doing the best, but of course it had the worst sell-off on Friday. Now, they kept saying the AI trade is off. The AI trade is off. That's why it fell. No, it started falling when we had inflation. CPI followed by PPI. Let's go right back to it. So then we got the NASDAQ up. This is what I like to do, guys. I like to zoom out, look at the week. We're still down for the week 2%. We bought near the lows, which means we are up today, but over the last month, we are still down 2.5%. So, what does that tell me? It tells me that the buying I did so far today was good. Now, let's talk about some of these leveraged chip ETFs, okay? All right. We talk about DRAM, which I didn't buy, nor did I buy ticker symbol SOXL. Had you bought it, for those of you that bought it, congratulations, it went back up, up 4% today, but I believe, you know, I'm just going to wait until it's more confirmed, and then SOXL, which is a triple leverage, is up only 4%. Guys, we could see what's happening with that. I know some people, listen, let me tell you something about DRAM and SOXL. These are swing trades for me. They're just swing trades. So, when they absolutely tank 20%, that type of deal, I'll get in, I'll kind of load up, to be honest with you, and then when we have a day like today, when it's up like 7%, 8%, then I'll sell. These are what I use for swing trades. So, it's like options minus the decay, okay? All right. So, let's go to some more of them. Basically, this is going to be chips and AI-driven stocks or company. We got MU, BE, which is energy, Bloom Energy, and CoreWeave. These are some of the ones we bought, right? CoreWeave is flat, actually a little negative right now, but we could see that MU is up, BE is up. So, we got those at a good level, and everyone that followed me on those plays, especially in money moves, you guys are up today, okay? So, I want to talk about CoreWeave. I want to talk about CoreWeave, what's going on with CoreWeave. And I'm going to talk about why I bought some more CoreWeave. I believe it's a strong company, though they have debt, and people are scared of CoreWeave's debt, okay? So, here's what's happening. CoreWeave, we read this on Friday. Stocks have fallen sharply due to intense investors' anxiety over a company's massive debt load, okay? Soaring bond yields. We could see what happened. I believe it's too much, too quick. One of the banks came out and called it a buy, right? I'm not calling it a buy, but I'm buying it. So, I'm not saying everyone should buy it. I'm just showing you what I'm doing, all right? And I'm buying more because I take pride in finding the red and buying it and waiting until it turns green. I always find companies that are in distress. I look for a knee-jerk reaction or overreaction, and then I try to buy more. Now, let's look at CoreWeave, shall we? CoreWeave, if we go, look at this. For the day, yeah, for the day we're up 1.65%, let's go for the week, let's step it out, down 15%. I think it's down for the day. Yeah, down for the day, okay? Over the last week, down 15% for CoreWeave. Over the month, 28%. Let's not even go six months. Let's go year-to-date. Year-to-date, CoreWeave is down 14.5%. Year-to-date. I'm looking to buy some more. And if big tech earnings causes it to go down even more, I'm going to buy some more. This is a long-term hole for me. I do believe that it's going to get oversold and what? Beat down. Beat down and oversold. So now, let's go back and let's look at the first picture I showed you, which is some of the ones that we've got into. Again, Tesla, I bought some more of that. Tesla, guys, this is why I don't feel bad about SpaceX. Tesla is my SpaceX move. I'm buying more of Tesla than I am SpaceX because I do believe that eventually they're going to merge the company. Tesla will be purchased by SpaceX. They're both Elon's companies. I just believe in mergers and acquisitions, okay? SMI, we got that. We keep buying that on the dip. NVIDIA, MU, Microsoft, Intel, Google. Google is doing really well. CoreWeave, as you can see. All right? Bloom Energy, BE, you can see that. Amazon, yep, and AMD. Those are some of the ones that I'm just going to let you guys see that we were buying, okay? I just wanted to show you that we were buying on the lows. Now, remember, it wasn't a big sell-off. It was a cool-off. It wasn't a big sell-off, a massive sell-off. So we didn't, quote-unquote, load the boat. You haven't heard me say load the boat in two years. And if you say, I heard you say load the boat, nope. You got me mixed up with another influencer. That happens all of the time, you know? Even Josh could say something, and they say you said it, and Josh said it. And clearly, we look like twins, right? All right, guys. So let me know what you think is going to happen with the upcoming earnings, big tech earnings, okay? Will this scare continue, or have they made some money? Have they made some money off of all of this AI spending, okay? Personally, I don't believe that the AI bubble is even going to slow down. I believe that what we buy now will be good at the end of the year and not just the end of the year. I believe that we have an upward movement all the way to 2030. Now, there's going to be some hard drops in between. That is to be expected because you're going to have another scare from China, China, China, right? We can do it cheaper and faster. And every time you get those, the market is going to go down, and Larry is going to be super selective in what he gets. And yes, I got some more QQQ or QQQM. And yes, I will get into some DRAM and some XOL. But you better believe that when I buy these, I'm going to be thinking that the absolute bottom is in. That's what I'm going to be doing, and it will be a swing trade. And like I said, no one knows where the absolute bottom is. But if we're near the bottom and I start to buy heavy in these two companies, especially SOXL because it's triple leverage, then it's just a swing trade for me, all right? I did that before with SOXL. You guys saw me. I made all of that money, swing traded it, bought it when it went down, sold it when it went up, and just bought some more shares, and the house paid for it, okay? So that's what I wanted to bring you. I know it was a lot, but hey, guys, come and join us. If you want to have days like this, not saying that you can, this person was doing their due diligence, and Jacob has been absolutely smashing it, right? And then Rosa. This is not the other Rosa. This is another Rosa, and she made $933 just today. The top link, money moves, come and join us. We have a lot of fun, and we make a lot of money, okay? But you got to do the work. There is no get rich quick, okay? Do the work. And again, make sure you do your own due diligence, and anything I say is not a suggestion for you to buy, hold, to sell, and make sure that you hit that like, subscribe, and a notification bell. Tongue twisted today. We had a lot of fun this morning. Like, subscribe, notification bell, dingling for all. We'll see you later. Live, love, laugh, and learn.