EP 70: Earnings Preview for Nvidia, Zoom, Palo Alto Network, Intuit, Salesforce, Snowflake and more | Retail Review | Warren Buffett Buying Apple Amazon OXY & Drops Verizon |

@AviNMash @JoeySolitro Take over while we give @AnthonyOhayon the week off.

Massive week of Earnings coming up as we preview: 🚨
$NVDA $ZM $M $CRM $PTON $SNOW $PANW $AFRM $INTU $ULTA $WDAY

Warren Buffett starts getting into $OXY $AMZN $AAPL and out of $VZ
Where $SE goes from here after earnings.

This podcast is for entertainment purposes only, and is for information purposes only and in NO WAY to be intended to be investment advice. Seek a duly licensed professional for investment advice.

What is Pounding The Table: Stocks, Options, And Weekly Market News?

Pounding The Table A podcast by Avi Mash, Joey Solitro and Anthony Ohayon about The Stock Market, The Art of Options Trading. Each week we take a look at the news and interpret the impact on the financial markets. Support this podcast: https://anchor.fm/poundingthetable/support

Ladies and gentlemen, welcome back to episode 70 of pounding the table. Tony's at the beach today, but Joey are in the booth grinding away. Gonna start this episode quick with the recap of last week, but more importantly, we're gonna start to look ahead, you know, sorry. 3, 2, 1, ladies and gentlemen.

Welcome back to episode 70 of pounding the table gave Tony the week off he's at the beach while Joey and I are in the booth, grinding away, this episode quick recap of last week, but more importantly, we're gonna start to look at. What's happening in the week ahead, right? I think that's more important for people to focus on got a big week of earnings coming up this week.

Obviously want to touch on first with Mercato Libra, state of se. But again, we're gonna really focus on the earnings this week with zoom Palo Alto into it and video Salesforce pellets on affirm and many others coming up this week. So real quick, Joey looks recap the fed minutes, and then we also have Jackson hole coming up on Friday, August 26th, which is the Fed's version of, uh, the builder bird conference, if you will.

So what we heard from the fed was I took it as a positive. So, you know, we've been getting 75 basis point rate hikes out of them and you see that they're really trying to follow the data as they always claim to. So what the gist of it was, and Reuter said it perfectly that the minute showed more rate hikes in the pipeline, but the pace could slow.

So essentially they might be going back to, you know, the half point 25 basis point rate hikes and getting away from the 70 fives because inflation is still well above where they need to be. So they need that to come down, but they also really, really want that soft landing they keep talking about. So, you know, you can't just keep going at 75 basis points, , and expect to get that soft landing.

So it was good to see that commentary, but you could tell the market was kind of confused cuz we, you know, we were down that day, we kind of like surged back a little bit, gave those games away right away. And we've kind of been sideways and down since. So the mark is really digesting those, but I wanna see kind of what the next meeting entails before.

I start playing that fed game again. Do you think they're gonna go to 50 basis points? I think that they will, or at least that's what they're gonna I guess indicate go to the next one, but if inflation's still run a rampant, they're, they're gonna have to go like 75 and then say, okay, Hey, next meeting. We're going either 25 or 50, the minutes kind of show from the last meeting. Okay. Hey, we're raising 75, but what do you think from here? And that's where they said, you know, we might slow the role going forward, but I mean that, that data or that meeting and the commentary is gonna be dated by the time the next meeting rolls around.

So at that point they might think if a recession, like if the recession is worsening, they could say, okay, we gotta quickly get these hikes. So then we can cut more next year or do they say the recession's so bad already? We've gotta slow the role of these hikes, but then, you know, forecasts when rate cuts are gonna come.

So it's definitely not an easy job. And I think it all comes back to, you know, the feds should have been raising rates much quicker as we were coming out of the pandemic, but them, I guess not reacting as quickly has put them in this situation. So it's kind of like, you know, you made your own bed, you gotta figure it out, but.

The issue with that is it's not just like their own household. That's impacted by this it's everyone in America, not to mention everybody invested in America, outside of our country. So it's created quite a mess. So that's where they're like really wanting this soft landing. Cuz if they can't pull that off, then God knows how Rocky it's really gonna be just in time for the midterms, my friend, just in time for the midterms.

It's all about optic the summer run up. , se we talked about last week in Medo lire you nailed that. You said if Karina shows and we'll get the actual clip here in just a second, actually Guita numbers were crazy low, right? And so touch on that a little bit.

I know Justin Bieber news, Tony was like, is that the a indicator? I don't think so. And, and you agreed. I don't think. Justin Bieber is gonna be that big. Maybe if they got the pop stars in, in Korea, that could have been a little bit bigger for them, but, just talk about the, the numbers here, right?

So what happened with Guino? They had earnings last week, so let's digest that a bit. So this is what we talked about. Um, I, I followed C limited since, you know, the original IPO filing and, you know, it's been a growth machine for a very long time. Now, the issue is, as you mentioned, Garina is the profitable unit that, , the company was originally founded on and this was, you know, like the big unit that fed everything else.

It's kind of like, if you think of Amazon with AWS, this, , cash flow machine that allows them to lose money on other fronts or take all these additional risks that eventually could pay off and produce their own cash flow. So that was Bea for sea limited. The problem was we saw. That it was no longer Bulletproof in the first quarter of this year.

So on the last episode, I said, watch this gaming unit very closely, because if you take away, you know, the cash cow unit, you then have to think, oh crap, we are gonna basically be burning , our cash on hand or, you know, cash and cash equivalence. As you're looking at it on top of, you know, this additional unit, that's becoming an issue.

So as soon as we saw, , it was funny, the company reported, I think it's around 7:00 AM. And I looked at the numbers and you see top line immediately deceleration from 64.4% growth in the first quarter to 29% in the second quarter. So immediately you're just slapped in the face with a major slowdown.

Then you go down and you see, okay, eCommerce, good, 51% growth. It's still not what it used to be. Then you go to digital entertainment, which is gua. And I hate when companies don't show a decrease, like the negative growth, they'll just say gap revenue was 900.3 million compared to 1 billion for the second quarter of 2021.

So it's like, okay, that was down significantly. Then you go and you look at bookings and it was, it was not good on that front either. , so essentially exactly what I was looking for. And as soon as I saw that and I saw that in the pre-market and I was kind of going through, I talked to some buddies that also follow it.

We were kind of shocked that the stock wasn't being decimated into the pre-market. So it was down, you know, five, 6%, and then it immediately was rebounding. So I used that opportunity where I was like, you know, everything I thought that could be bad was bad. And that's when you know, I have to follow my game plan and execute to where I'm gonna start unloading the stake because.

I thought this stock should be down 20, 30% on this report. Like something drastic because of the slowdown, because the, profitability on the horizon, it just seemed like profitability is further and further away. So, that, that's what I use. I used that opportunity started unloading that stake.

And I, I was confident with that decision and, you know, since the open that day, and even the days since it's just continued this down trend, I think it could continue lower. , I don't really see, you know, Justin Bieber as the catalyst they really need, even though you look at kind of like what he did with the CROX brand and everything, not a believer, dude.

I, I think Justin Bieber is, is a monster when it comes to marketing and yeah, he has a massive following, but I don't know if he could save a company this big. So revenue, 2.9 billion up 29% gross profit 1.1 billion up 17% adjusted, ETA down 17% net income down 20%. And, , Ray Dalio bought 400, almost 460,000 shares.

Yeah. So, so here's a big thing. , and I like to, you know, find like another company to pin something again. So what I'll always do is with sea limited, when it comes to international eCommerce, I kind of put them in the same, not the same class, but kind of like the same boat as Mecado Libre. And as soon as I saw these sea limited numbers, I compare it to a Mecado Libre, which, you know, last quarter they reported, it was 56%, top line growth on a FX neutral basis.

Profitable. You see the total payment volume of Mecado Pago up 80% plus merchandise volume. Like everything about the company was great. It's profitable, everything's trending in the right direction. Then you compare that to see limited it's growing slower, it's losing money. It's, you know, all these headwinds that they're facing, it just showed me that Mecado Libre is a far superior company, especially in this type of market where money's no longer free and you can't be that money losing stock and still attract investors.

So that's when I was looking at, I was like, you know, there's no reason I should have, you know, as much money in sea limited or, or, you know, as much exposure to sea limited as Mecado Libre, let alone, you know, there are much better companies that could. You know, take its place in my own portfolio because I completely not, not that I completely lost competency limited earlier this year, but you know, it was waning mm-hmm and then this report was kind of like the breaking point where, you know, it, it's kind of like one that I'll revisit in the future to see if things improve, but because things continue to trend in the wrong direction.

I think this is one that I can kind of just, throw on the watch list now keep tracking. And then if things improve, I'm more than willing to, you know, not try to catch the bottom, but buy it on a run back up if the fundamentals improve, or if something happens that, gets everybody, um, back on board.

But you know, if I want international eCommerce, not only Mercado Libra, if I want like the pure play outside of the us, but , like we talked about on last episode, you know, like our kiss method with Amazon. They're expanding in Africa, they have their presence in, uh, south America. They've got their presence in Asia to where I feel like we don't have to re resort to investing and see limit at this point, as much as it pains me to say, because like I said, you know, I've been around this stock since the IPO and was one of the original people following it.

It's, it's just not the company that it once was, or it not so much that it's not the company. It once was, it's not the growth story and, you know, long term potential that it once was because they haven't been able to, , handle headwinds as well as they could have. I know this was your entire 401k, as we talked about in previous episodes, you now have since moved into a different stock of course, but you know, was this the catalyst, the earnings you said gua obviously would be like the AWS falling or, or missing their marks here for Amazon.

Like. That potentially could happen. Of course, if, if that does happen with AWS at some point. So was that like the, the final nail in the coffin for you? So the massive contraction or, or negative growth in gua was a glaring issue. I think the, the deciding factor for me was seeing the top line growth decelerate from sixties to twenties, with the massive losses they're still incurring.

So what I always do is you don't wanna fall in love with a company. You have to stick with like the fundamentals and even the growth rates. So if I take a step back and I take the ticker off, take the company name off, I see a company growing at 29%. That was a deceleration from the 60%, still losing a lot of money.

I'm looking at this and saying, you know, I do not want to own this. And if I compare that to say, Mecado Libre, Amazon, any of these other companies that I have significant holdings in. And I compare it. It's like, why would I wanna hold this when I could own more of that? And as soon as I was doing comparisons, I, I don't even think sea limited would be in my top 20 right now, which is, which is incredibly sad to say, based on where I would've had this company on my list, you know, two years ago, it's just, yeah, I think the massive deceleration paired with the losses that it just made it, you can't stomach it at this point.

And like I've said, you know, I have parts of my portfolio where I'll take, you know, like your diamond in the rough type plays. And I think that, you know, C limited is just not one that I need to own at this point. And yeah, I'll always watch it. It's always gonna be on my, uh, watch list, checking in on earnings and all that.

But I'm more than happy. Like you said, you know, completely shifting my 401k, which was just sea limited for many years into a company. I, I much more believe in, and it's been on, you know, an incredible run, but I think the future's bright. And we'll talk about that more on a future episode, we'll leave that as like a teaser.

Yeah. I was gonna say SES now, not no longer a beach stock. That's gonna be an island stock where it just kind of sits on the side for a little bit. Let's, , touch on retail from last week. The big names that reported, , target. They kind of missed their mark. Walmart did really well, uh, home Depot Lowe's so we got a few coming up this week as well with Nordstrom's, , Victoria's secret Alta as well that we'll be touching on here in just a bit, but let's recap last week

yeah. So it was a good week for retail. It was, I mean, it was big with home Depot and Lowe's both great results. Walmart. Very good target kind of missed the mark, but it's not like we didn't see a major blood bath. I think retail was more in focus, you know, the last two earning reports because it was kind of shockingly bad and people didn't expect the supply chain or.

The consumer, , change in what they're shopping for as quickly as they were, you know, going towards lower margin, grocery items over the higher margin, consumer electronics. So it kind of caught a lot of people off guard this time. It was more in line with what people were expecting. So, you know, Walmart surged on it, uh, home Depot and lows, both had good performances.

, they might have, I think lows ended up a little bit home Depot might have been flat and target was down a little bit, but , I feel like retail's more in that like just shredding water type, , state right now, but it's good to see that they are not taking significant hits from here or like their headwinds were not unforeseen, like the, everything that happened.

They were kind of like preparing for and making their adjustments. So that was good overall to see retail kind of being able to, to figure it all out quickly and especially with those companies. But like you said, we've got more on the horizon this week, so I'll be interested to see. Know, like a, like a Dickson Macy's or like even a Victoria secret usually has some good commentary and even Petco on like the pets front.

, yeah, it'll be very interesting to kind of see what they have to say. I was, I was, I, sorry, I didn't mean to cut you. I was gonna say for Victoria's secret, there's like a Netflix coming out or it's already out. And then that my, , wife was showing me this TikTok star. Who's like basically trying to cancel Victoria's secret.

I haven't seen , the documentary, so I don't wanna speak too far outta turn, but basically the premises that Victoria's secret was is owned by a male. Uh, so I think there's probably a lot more behind that, but I wonder if that will have any negative impact at all, or if people are just caring about the numbers ultimately, how I saw the history of Victoria's secret was yeah, Roy, Raymond founded it.

Like I thought, because like his wife had issues finding, you know, certain things I'll have to look up like what it was, but then he actually sold it to. Who do you end up selling it to? He sold it to that billionaire guy, but also a male. , I mean that's oh yeah. Lex Westles Wexner. He owns all of Ohio pretty much.

Yeah. So, I mean, it's, it's an odd way to go about and canceling, I think the original, like when people stop shopping, because it's like, it wasn't more of like a body positive type brand mm-hmm I think they were Victoria's seeker was right alongside plastic straws with the first thing woke America wanted to cancel.

Um, and I feel like they were so early in being canceled that we kind of forgot about it. , so yeah, I think so who or documentary here? We go's angels and demons. We'll watch that and, and touch on it a little bit more. and then, uh, another cancel that hasn't been canceled yet is banana Republic gaps reporting later.

I'm surprised, cancel culture. Hasn't gone after banana Republic and what that actually stands for as well. So that may be coming down the line of cancel culture. So I think, you know, there's a lot of companies that had to change their name over the years, based on some like negative connotation.

I remember one of the worst ones of all time is there used to be a company ISIS therapeutics. Yeah. And when originally ISIS like surfaced in, this was a big issue. They came out and said, you know, we are not changing our name. We're not gonna let you know terrorism dictate what our company name is. And then as things got worse and worse, they, they changed their name.

So, um, I mean, it's, I, I didn't even think about banana Republican until you brought that up to me before, but yeah, it's one of those maybe. They take another look at that. But yeah, ISIS therapeutics became IUs pharmaceuticals as one example. So, I mean, it's easy for companies to change name long term and, and still maintain, maintain their base.

But I mean, I don't think I've ever shopped at that store, so I don't even know who their target consumer is. That's me, dude. I got some shorts from Mo out. Do you? Yeah, I, are they like Hawaiian shirts or something? Like, no, it's, it's like a Abercrombie fit for, uh, adults. Okay. That's a documentary. You gotta watch the one on Abercrombie and Fitch.

, yeah. On Netflix all. Have you seen that one? No, I gotta check it out. It's called, some it's called in their closet. It's called white hot, the rise and fall of Abercrombie and Fitch. It, it was very good. And kind of like eye opening. Man. We're just, we're just giving out streaming news.

This is going away from yeah, right podcast. This episode is by Netflix. another one I wanted to touch on though, is bill.com because you've been talking about that for a while and I've never actually looked into it, but they've been ripping recently. And so their client base is mostly like SMB. Right? Cause we actually use it the podcast for some of our sponsors.

, and then I was saying like, what's the parallel here? And you were talking about Intuit, which we'll touch on here in just a second with QuickBooks, so bill.com. I remember they priced their IPO.

This was back in, I think, 2019, and it priced in the twenties. It had a very strong first open, but yeah, the stock sitting, you know, 1 70, 180 S actually I think it reached upper two hundreds, maybe even three hundreds at one point, like during that run up, it was crazy. But, you know, since their IPO, the growth's accelerated this most recent quarter was incredible core revenue, up 151% transaction fees up 200, 1%, like amazing.

And they've been making very smart acquisitions. They acquired divvy and invoice to go, and I'm sure they're gonna continue doing that. So it is, it's quite an operation and I was looking even their outlook going forward. So they just finished this last fiscal year. And for fiscal 20, 23, it's another year they're expecting around 50% top line growth.

And I mean, it's amazing to see kind of what they're doing. I thought their outlook would kind of have to be sandbagged because you know, all these small, medium sized businesses that are. Being forced to lay people off or seeing slow growth. Mm-hmm but no. And on top of that, you know, they're turning, they're turning that, that leaf into, from profitability into what could be massive profitability in years ahead.

The issue here is after this latest pop, I mean, I forget how much the stock was up this past week, but it, you know, is significant now it's to where you look at a price to sales basis and yes, they are profitable. So you can kind of start looking at other ways to value this company. It's richly valued at this point.

So where I love the company, love the growth prospects. It's hard for me to purchase right here because I'm thinking, you know, could it run another 10, 20% in this market? The market's had such a significant run since the June 16th low. That is one of those. I just kind of like put it higher on my watch list or, you know, potential buy list because it continues to deliver.

It has got plenty of catalyst ahead. , but I want to, I guess either see more out of the company, you know, make another big acquisition that could accelerate growth or, but I did make the parallel because, you know, bill.com, when I was originally researching this company at the IPO, I saw, I was like one of the most popular billing slash invoicing apps on the Intuit platform, thinking like QuickBooks is, , intuits QuickBooks, turbo tax, and, and some other ones like credit karma and so on.

So I always thought, you know, it would be smart for Intuit to buy the companies in their app store that are, are, you know, becoming, I guess, you know, high growth engines within their marketplace, you know, almost use their own data to acquire businesses, to think like Amazon buys iRobot because you know, it's such a popular product on their platform.

Or like if Salesforce buys. You know, Tableau or these other companies that could be perfectly integrating into their platform. with QuickBooks getting more into the payments game. I feel like bill.com would've been a perfect acquisition, or even like had they acquired Avalar before it got taken out by private equity, you know, the perfect Bolton to their platform.

And I was even thinking the same with Shopify and global E, which had another great quarter this past week. So there's a lot of these companies, I think as valuations have taken a hit that could be perfect takeover targets or bolt on acquisitions for larger corporations. But, you know, bill.com is so richly valued that it wasn't down in the dumps and got stupid cheap to where they could get scooped by, you know, larger, a larger player in the space.

So it was an incredible quarter incredible run, but I'm still skeptical, you know, could it go back to its, you know, 52 week high or previous high? I think that'd be a bit of a stretch Warren buffet section. He's been in the news quite a bit, picking up shares of Amazon, which we'll talk about, uh, obviously accidental petroleum.

So ticker symbol O X, Y. So he's going after, is it like 50% now? Oxy he owns or something. So as of now he owns 20.2% as of that last like, uh, he's going after percent or something, but yeah, this past week he got approval to buy up to I think 50% of the company, because so like in certain situations you, or when it comes to certain percentages, like you have to like ask for permission.

And I think like a guy like Warren buffet, you know, there's different hurdles. You have to jump through. What's funny is I remember when he first took the accidental steak and I was like watching CNBC. And they're kind of thinking, what is this guy doing? You know, it's such a, a poorly run company. Why would he wanna get into this?

And then you see, like it's had an incredible run. And once I actually dug deeper this past week, you know, once it was in the news, I never really messed with energy all that much. Um, I used to own some utilities early in the day, but you know, I never really messed with companies like this. And when I was looking, you know, it's one of the leaders in carbon capture technology and you keep here and like all these big corporations going with, you know, these carbon credits and all this stuff.

So, you know, it could be, you know, quite significant when it comes to these carbon capture facilities, partnering with all these big companies, not to mention if Warren buffet owns 50% of the company or eventually owns all of it, he could have that company then essentially partner with all of his other portfolio companies to reduce their carbon footprint.

Like. It's pretty impressive. , and then on top of everything else that they do, but yeah, once again, it's, Warren buffet coming outta nowhere with a stock that people question, and then just making an insane return, not to mention, you know, all these, , preferred stock and warrants that he could.

He also owns 10 billion of Oxid preferred stock and has warrants to buy another 83.9 million common shares for 5 billion for 59 62 a piece. So, you know, if this stock keeps raging and he's got all these other warrants, like who knows what he could end up doing with this stake, but again, it shows why, you know, he's one of the goats.

There's a really great thread. I just saw on Twitter. It's I think it's at default trades. So they spent the second most in corporate lobbying, 20 million behind Amazon this year. Right.

And then to your point, they're gonna be building 69 carbon capture facilities. So that's 12.4 billion in tax writeoffs this year. So that's what Buffet's doing. He's checking to see who's pulling the strings, . We always joke about Nancy Pelosi, but these guys are playing chess, you know, months and years in advance looking to see what, laws are gonna be taking place well, and Warren buffet, you know, he. I think we all know he's a very smart investor. So, you know, he finds these companies that are incredibly good at one thing, but then could be significantly bigger in another space. So I think, you know, he probably liked the core operation of Oxy, but then you throw in this carbon capture, you kind of like, you know, the future and what all these companies are buying.

And he could probably see what's in this pipeline and, you know, someone like him acquiring a significant stake and you know, all the money he's gonna pump in there. I mean, it's, if he wanted to acquire this entire company one day and then yeah. Have Berkshire being like the leader in carbon capture technology and you know, all, all the tax benefits on top of that.

I mean, it makes perfect sense. And again, I wish when carbon capture technology and all this stuff, you know, first popped up, I would've done some more research to figure out, you know, leading players, but because it's becoming such a hot topic, when it comes to like this whole green energy and all this stuff, I do wanna find.

More plays on this space. And I think we should almost do a separate podcast. Like, you know, let's find a cool guess too, that someone that I actually know a few people that are, that are big in that space., if anyone's listening that knows someone big in that space, we'd love to bring 'em on. Cause I, I do think that's obviously the trend that we're seeing with this whole global warming climate change that's coming up.

So that'd be interesting to, to touch on for sure. The last thing here on Warren Buffett, he bought shares of apple. Amazon got out of Verizon. So once famous for like not getting into the tech scene, obviously he's over time has been getting into it more and more.

, but he just bought a bunch of Amazon and a bunch of apple, ? Yeah. So I see, you know, he added to a stake in apple and then he brought his stake in Amazon to 10.7 million shares from, I think it was from just 700,000 shares cuz yeah, it shows he picked up more than 10 million shares to give it nearly 10.7 million shares.

So. You know, it was the smaller stake that they had, but now it's larger one and you know, you and I have talked about this quite a bit in recent weeks. I think Amazon and Google are kind of headed towards being added to the Dow. I think, you know, this would happen the next couple weeks, if they're gonna do that rebalancing, not that Warren buffet would only do that because it's being added to the Dow.

But, you know, Warren was always almost criticized because he was so late to buying apple. It was almost like, you know, after this is massive company, why are you just now building the steak? And you see, I, you know, the company's risen significantly since to where it's a massive piece of Berkshire's portfolio.

I think he will do the same with companies like Amazon and Google, not so much like a meta, but he could be very late quote unquote to, you know, this train, but because they have such significant growth potential going forward. I think these are ones that he's gonna be adding to his stakes in and, could build up big, long term.

It's funny, Amazon, , and Oxy, the two top lobbyists let's get into earnings, , zoom and Palo Alto here on Monday. So zoom was one that I actually owned for a while. I actually recently sold, cause I just kept hearing more and more friends of mine that used to have zoom Microsoft teams now. And that for me was a little bit of an indicator, just hearing companies switching over. Cause I, I knew that Microsoft was giving it away for free just to kind of lure people over and then eventually will start to make a big revenue, , stream for them.

I was thinking monkeypox was going to be a bigger deal than it ended up being. And, and we'll see if it continues right. It still, it hasn't gone away yet. But I think just lockdowns and things like that have not happened yet. And I think more and more people are waking up, so maybe it won't happen.

Right. And then combined with Microsoft, for me, I thought was just a reason to kind of take a step back. But what are your thoughts here? Cause they're, they're on Monday, they're gonna be, uh, releasing their earnings. So zoom, it, it seems incredibly cheap from where it was. The problem is exactly what you said.

You know, Zoom's a one trick pony, as I like to say, it does one thing. It's like video chats and yeah, it's very good. But if you put zoom next to Google meets next to Microsoft teams, like I see no difference. And I use, , Google the most of late, like almost every meeting I'm at, it seems to be one of these Google meets and they work perfectly even like on slack, you can call people and FaceTime that way.

So. I think Microsoft's kind of doing the, you know, your margins, my opportunity type thing, like, Jeff Bezos always said where they can give this away for the longest time, package it within, you know, the whole Microsoft suite and, give that away to have people not even need to get outta their ecosystem to go onto zoom.

But, you know, zoom tried to do that big acquisition. What it was it a five, nine before, and that didn't work out. I think they need to do something big to get out of, you know, just this video and give a more significant within like the, the call center space. I know like zoom phone and all that was growing fast, but I think they need something more.

Geez. Even like, you know, Twilio has been beaten so badly. I feel like they gotta make some sort of big splash that makes sense to get them bigger into the whole communication space. And this is why, uh, I don't know if I said this on a podcast or just like to people on Twitter. , but I always thought that zoom should have been the one trying to acquire slack when they had that very overvalued stock, because they would've become like the gold standard in enterprise communication with both video and messaging, like imagine the zoom in slack combo, but you know, it was Salesforce knew what slack was really worth, scoop them up quick.

I think zoom definitely needs to figure something out. And it's one that I was even looking at with you this past week when I saw, you know, turning dip below a hundred, like, it seems very attractive. But like, I always do, if I'm looking to buy something, I'll look at everything I already own and say, well, do I wanna buy this?

Or would I rather add to something I already own? And three stocks I already owned. Would've beat it out to where I was like, okay, I don't need to buy this. I'm actually gonna buy more of this. And, and that's actually what I did. I, I bought more of a stock that I had compared it to. And, you know, just beefed up that position.

So I will be watching it closely, but I'm actually more interested to see the other company after the close on Monday, which is Palo Alto networks, because, you know, cybersecurity is such an incredible space right now in terms of growth because of, you know, everything going on with Russia, , rising tensions with China, all this stuff where, you know, cyber threats galore, it seems like everybody's trying to hack everyone that you have to have, you know, the Palo out to networks or, you know, one of my largest holdings I think is top three is CrowdStrike that, gonna be a heavy influence on CrowdStrike.

And, uh, I also wanna kind of see, commentary related to, you know, how they think things are going. So then I have a better pulse of the industry because, you know, even like a Zscaler or, you know, CloudFlare where they have the cybersecurity aspects that I'm very interested in, in learning more about, they got VMware too, I think on Thursday we touched on Intuit already. So Tuesday, uh, from a macro perspective, new home sales is gonna be coming up here. , Dick's sporting goods and Macy's another big retailer right there, but Wednesday's the day we're looking at, right? We got Envidia Salesforce, snowflake, Victoria, secret, which you mentioned already.

, and then Petco is another retailer, but I'm really curious to see what happens within video. Obviously we're touching on with Nancy selling off her shares before she went over to Taiwan. Where do you think that one's gonna go again? That that's, for me, that's a stock 10 years from now is gonna be a banger for sure.

But short term. I think there are some areas that they've already talked about, where,, they could see some headwinds coming up. I, I agree with you that this is one of those. You look at everything that Nvidia has their hands in and what their products like are used for. Everything. It, it, it just screams the future that I think, yeah, 10 years from now, you're gonna look back and think this is one of the best buying opportunities.

But like you said, there are some significant risks in the near term, especially like, yeah, everything that you see regarding Taiwan that I think they need to do something more to reduce the risk that's associated with Taiwan. And I know like this chips act is supposed to be something right related to that, but the problem is Taiwan.

Semiconductor is so critical to the higher semiconductor industry. That there's nothing you could do. I think in like the next five years to build up anything in the United States that could even, offset half of what TSMC does. So mm-hmm, , , I don't want people to like, I guess underestimate just how critical Taiwan is to the semiconductor space.

Again, I, I think, you know, in, in videos, one of those incredible companies that you and I even talked about it this past week, like it's top five on the watch list for companies. I want to take a stake in, I just can't do it, especially when I looked and I saw that they report earnings on Wednesday where I'm like, I don't wanna buy a company going right into earnings, especially if I have some question marks, I'd rather figure out every question mark.

I have about it going into it and then see if they could answer it just like we did with C limited. And I know I had a stake, but it's one of those where here's everything I need to see to continue holding it. But here's the one big red flag that I'm looking for. That if I see it, it gives me almost like authorization to cut and run.

So I'm gonna kinda like develop that game plan for Envidia and I'm gonna have something similar with, , even like a snowflake, because it is, you know, one of those incredible growth stories for the future, but. I wanna see their commentary on outlook when it comes to these companies that you keep seeing are like doing layoffs , or, you know, it's not the greatest news when it comes to employment in the tech space.

I wanna see their comments on how they see their largest customers in usage. Yeah. I mean the Taiwan news kind of, you know, slow down a little bit, but I was just pulling it up. Right. Taiwan's welcoming more leaders right now. There's news that Z literally asked Biden directly to not let Pelosi come visit.

So I think this is far from over and short term, it we'll see on Wednesday if, everyone in the market's thinking all another huge. He myth. I always call it like the warship of Salesforce. They're also reporting here on Wednesday. So that's one I've always talked about , in terms of like being able to pull out Salesforce. You have all of your customer information in there.

You can't just do that overnight so that if they ever go down is gonna take a long, long time. I think in my opinion, , like I say, it's kind of like that warship, but where's your head? I don't know if you've been touching the sales force. I don't hear you talk about it too much. So I don't even know if you own it, but I do not own it, but it is one that again, you know, I pair it's top 10 on my watch list right now, just because it's come down so significantly from its ties while it's continued to deliver on earnings, you know, it's always shown that 20% plus growth free cashflow machine.

Like it's an incredible operation. And like you said, it checks the box of mission critical. Like if tomorrow you made Salesforce go away. Companies are gonna be absolutely crippled, like absolutely crippled when it comes to their customer information. Like it's so critical to the enterprise, not to mention enterprise communication with slack, , uh, Tableau, when it comes to actually pulling data from things like it's such an important company that I think this is incredibly attractive right now, but again, it's so close to earnings that I kind of want to go through this and, you know, look at all the different valuation metrics, try to poke some holes in the story and then look at this most recent quarter and see, you know, what their outlook is going forward.

Cuz last quarter they updated their full year revenue guidance to 31.7 to 31.8 billion, which is up about 20% year over year. Now, if they were forced to cut that outlook and you see their growth go from the twenties to the high teens that could pause a little ripple in the market to where people are like, wow, this company's no longer growing.

And even like the twenties anymore. Now it's teens like. What that would do to the overall valuation enterprise. So I think that's the primary concern with them is their outlook. But you know, it is one of those companies that I know any near term pressure will be a long term opportunity. So I will be like all over this one.

And that's the problem with Wednesday afternoon is, having Invidia, having Salesforce, having snowflake like three companies, I'm very, very interested in learning more about, and, you know, seeing the updated results. I'm gonna have my work cut out that afternoon. you talking about some of their acquisitions , and just being in tech for so long, it doesn't happen overnight.

You don't make the acquisition and then it's already kind of in the system, you're already selling it. Right. And so MuleSoft data, Rama was 2018 Tableau click software in 2000, 19, 20, 20, they bought Everage and velocity. And then we were just talking about slack. That was in 2021, it finalized.

Right. And so that's gonna take a while for them to get everything fully integrated. there's still like making the adjustments and airings reports.

You can see, you know, what impact slack had on things. But yeah, it, I remember I owned slack when it got acquired. I owned, uh, MuleSoft when it got acquired where yeah, like. It seemed like Salesforce was always coming after my companies. And I feel like because it's such a monster in this space and if their growth were to decelerate into the high teens, you know, mark, Benioff's not gonna stand by and just watch that.

Like, he is one of the greatest CEOs of all time. I've always said, you know, if there was a mountain Rushmore of software, he's gonna be on it then. Oh yeah. He's a beast. He he's an absolute monster. So when, when does he turn over? Cause he's turning that over soon, right? Or has he already, well, isn't he like co CEO already to where he's always relinquished some power, but, , I do think, you know, he's gonna be searching for his next big acquisition.

I don't think he's gonna be sitting on his hands for too long, nah, or running for, uh, president. I know he is. There's always jokes about him running for mayor of San Francisco. So Brett Taylor is he's really, I think he's more into plant trees than running for office in the near term.

Snowflake's a big one. That's a, a company that was massive outta their IPO came down quite a bit, but it's one of those like net retention, monsters that we always talk about where they just continue to grow within their current base in addition to getting new business.

Right. So where do you see them coming outta here on Wednesday? So that's what we kind of touched on before, where yeah, they've been growing like absolute crazy, and you look at kind of what they've been doing as opposed to their total addressable market. It's incredible. And you know, this is one of the great growth stories and Frank sluman being inserted in him going to the IPO.

You know, he's the guy that helped build up, uh, service now. Mm-hmm , I mean, they've got the right product, the right team, but I really wanna see, like I said, you know, there's been layoffs across all these huge tech companies. And if companies are pulling back on spend. And snowflake kind of being one of those usage based products.

I wanna see if they can retain their outlook. Now, if they beaten raise, it could be off to the races. If they beat and maintain, it could take a hit. If they beaten, reduce, I think it could be like a blood bath. So it it's one of those like coin to type situations like we even saw where Datadog reported an incredible quarter, the outlook was sandbagged.

And, you know, the stock originally took a hit before rebounding. I think Datadog was able to do that because it generates significant free cash flow and is a, you know, a profitable enterprise where Snowflake's, you know, turning the corner on profitability and going to generate significant free cash flow.

But isn't like the same situation as, uh, a data dog, like as significant. So I wanna see kind of where they're at, when it comes to that. Cuz yeah. If you look at, you know, like adjusted free cash flow, Outlook for certain quarters, like snowflake could be an absolute beast. And I'm very interested to see what they report.

I like them long term for sure. This earnings will be interesting. I mean, management had guided down, right. They said their outlooks baked in cautious views due to uncertain environment. Uh, and so, yeah, this will be an interesting one to kind of keep an eye on here, but that's another beast company, five, 10 years out.

I think that's gonna be one that we'll, , take a look back on. So this fiscal year, they're actually looking at 65 to 75% revenue growth and then adjusted free cash flow margin of 16%. So that's the thing, like if they pull it off, then I would put this in the same class as a data dog, even though I think it's growing a little bit faster on the top line, but if they have to reduce that, my problem would be if those growth rates come down and that, free cash flow comes down to a lower number.

Then I'm almost doing like a comparison. Is, would I want to own a significant stake in snowflake where I'd, I'd rather, you know, beef up a position in like a data dog or something like that. So that's where, I'm trying to, even though we've had a large run in this market since June, I'm still, treating this market as if it's a bear market rally.

So, you know, picking your spots and where you wanna take risk. Like, you know, the data dog valuation in the eighties was very attractive as it, it runs into, you know, the 1 0 5, 1 10 range, you know, the valuation again, almost starts getting stretched out , and you have to be know, play that game to where, you could trim here, add there, and, and I want to almost have the snowflake quarter to compare to a data dog to see, you know, which one would I, rather have.

or would I be better off, you know, almost having like half positions in each. So it's always that allocation and position game that I'm playing. And I put snowflake right. Alongside almost like a data dog when it comes to beast within like the data management space. So that's the main thing that I wanna look for to kind of compare those two.

I don't know if you wanna touch on pat go that one's also reported on Wednesday, but thursday is also huge. We got the initial and continuing jobless claims as well as the real GDP coming out. So that one to me is kind of be interesting because last report we saw that, in terms of new jobs coming on, Once we looked under the hood, we saw a lot of those were part-time jobs.

So I don't know if it's too soon to see a decline here, you know, in terms of jobless claims, but that's something to definitely watch, I think, in the coming, , reports that if these are part-time jobs, do they stick around more because they're part-time jobs and people are doing maybe Uber and things like that,

yeah. I'm very interested to see the same, I guess metrics. Yeah. The whole jobless claim. And actually, like, what I would recommend is kind of like we talked on the last episode, whenever you see that original headline don't take that as the actual number, make sure you click it, go through it and, and read more details to see, you know, what's actually in there.

Um, the headlines can be deceiving. , but I think, you know, the other things on Thursday is like, I'd love to see what Peloton thinks, , given all their recent initiatives to, to slash cost affirm after the close, I know they've been touting, you know, the Amazon partnership quite a bit, but you know, the, by now pay later space is, has taken a beating.

So I think, you know, long term max kin might just need to like call up, you know, the company originally found in PayPal and, and, and try to sell out to them or, or if square wants to buy them and add 'em to the Afterpay unit. But, , the other big one is Workday. So, you know, you think about all these layoffs and you know, people not having the headcount or these companies not having the headcount.

They once have, you know, human capital management. If they're paying like by the employer, like number of employees, you know, is Workday gonna see a significant decrease in usage as companies slow hiring or stop entirely, and then start doing layoffs. Cuz I feel like it's one of those. You wanna land and expand with growing companies.

And if those companies start laying off, you know, human capital management and the humans are on the decline, it's not the best situation. So I'm very interested to see what they have to say and kind of pairing them with, like a Paycom or pay loss to see if they're all experienced the same thing. Or if there's like one great company that really sticks out.

I wanna talk about Alta real quick. Cause I go into Sephora and Alta all the time. My wife, you know, I, I sit and play with my phone. I'm seeing more and more guys enter into these beauty areas. And so is that something to kinda watch actually, right. Like I think there's gonna be a whole new market that is going to continue to grow upward for beauty supplies.

And, and I don't know if my wife's a big enough indicator here, but I, it just, you see all these women constantly, you know, buying makeup. Right. And now if men start to enter this, I don't know. No. So I was gonna bring up the same point. So it's just like Lulu lemon, you know, it's geared towards women and now men freaking love it.

Like, so I do CrossFit shout out to CrossFit, Bo B and Woodbridge, Virginia. So almost all the guys there are decked out in Lulu lemon shores because they're just so incredibly comfortable, like the way I have so many pants. Yeah. They're amazing. Yeah. And it's one of those. It started as like the female focused brands and then men started catching on and that men's, line's growing like crazy.

And that's one of the initiatives for Lulu lemon to continue growing. Oh, you know, over like the next 10 years, like their. Yes, keep growing in the women's space in footwear, but like the men's space is gonna be huge for them. So, you know, I was sitting at my daughter's soccer practice. Uh, my in-laws flew up for, uh, you know, like the last weekend, before school starts up here and, you know, my father-in-law needed to stop in and get something for a trip that he is going on and I needed to get something like, uh, for my hair.

And so we were talking like, oh, where could we stop in? Immediately became Alta. And we had this conversation like, yeah, it used to be like, yeah, men just going with their wives and checking things out. And then it realized like, oh wow, they actually have a lot of stuff for us too. That it it's almost like, I think, you know, a lot of this has to do with you're on zoom meetings or, uh, Google meet meetings, Microsoft teams, as much as I am to where you're kind of staring at yourself on the screen, a.

And you're like, damn, my hairline is receding more or you gotta go that one I could use, oh, you may, I, I can talk there because fair enough. Fair enough. Fair enough. Existing. And I was like looking at stuff like I could put because it grows in. So weirdly if I don't shave it, you know, as quick I was like, you could add something here to where it doesn't look as horrible as it slowly grows out.

Literally why I was gonna stop at all to this past weekend. But then yeah, you're realizing like, okay, maybe I should have some sort of like lotion I put on at night or, and so men are becoming more conscious and I think it has to do with a lot of us, like staring at ourselves in this meetings. Like, why am I the ugliest person in this meeting?

And just thinking like, what could I do to kind of like improve this well, and the filters do you think have, have a role here too? Like everyone's putting filters on their Instagram and then they like want to look like that more. And they like realize they need to look like it more. It definitely could be the negative impact of like, you know, TikTok, Instagram that we almost saw on like those government filings, where they had, uh, Facebook on the hill, like, you know, people.

Being more down on themselves because they see nonstop models. Like that's all you ever see on these platforms. They say like, look, this is a very small fraction of the population. It's just all you see because that's what sells. So it's like, yeah, you got all these, these, you know, perfect specimens that are pushing the same products, but you know, they're just getting paid for it, that people are finding other ways to almost like improve their own images.

And, you know, to that, I say, you know, find a great workout program, whatever you're gonna do, stay active, do all that. Do, do your own personal care on top of that, but be the best you for you. Not because you wanna be someone that you were, you saw scrolling on TikTok, love it. Uh, do you wanna touch Farfetch or no So Farfetch is a company I own in the past. I completely blew out of this a very long time ago, luckily before like the significant decline, because you know, you could see. As multiples were contracting significantly. It wasn't even all that expensive on like a price to sales or, you know, the path to profitability was clear with this one.

It's just, you know, when I was reevaluating, every holding of mine, it's one that I was like, you know, I'm okay with seeing where this ends up for revisiting. Now it's so down in the dumps, valuations seem so incredibly attractive. They have a lot of exposure to China through some partnerships with them.

So it it's kind of, you know, kept me away from it for now. But you know, it's one of those where if they report great, this could be up 30, 40%, or if they report bad, it could be setting new lows. That it's one that I'm simply gonna watch. And I really want to see where the growth rate's at, where they're at in their, in their like, I guess, path to profitability, if they're gonna need layoffs, what they're experiencing, but typically in recession, any type of time, luxury brands don't have the same impact as like a, uh, like a Ross or a TJ max, because.

Rich people continue to do rich people, things even in bad times, because they're so rich. Now I'm not saying like the average Farfetch user is incredibly rich, but you look at the average purchase price and you know, it's gonna be upper middle class that I feel like they are not getting pinched as much as, you know, like a Ross or TJ max shopper, or even like a Burlington or big lots that you've seen down in the dumps.

So I'll be interested to see where their growth rate's at, but I don't think this is a significant of growth story as it once was. And I've kind of thought that, you know, like a Louis Viton or one of the big luxury brands that kind of wants a platform to acquire could look at this as like a easy bolt on acquisition, or even like a larger e-commerce player.

They kind of just wants to beef up their platform. Yeah. But you know, I've always loved it from, I guess, like from the outside, but I've, I've literally never bought anything on the platform to really know from a consumer standpoint, I'm too cheap for that, but yeah, it's, it's always one that I'm watching.

It's funny, cuz like, you'd think like TJ max and those ones, , at the surface would be good as the economy is starting to come down a little bit. People are gonna flock to that, but well, you know what? You're right. You know, I think it's, it's, it's funny that rich people, they don't really care as much about inflation.

So they're on the news. Like whatever, like, because they're not gonna feel it's the middle class that will typically feel these. So what I would say is my favorite play in like retail and I, uh, I'd say like brick and mortar retail and I don't, I don't really have exposure to any of that.

Like my kids own, I think target and maybe home Depot, um, because they're like safer, you know, they don't need to take on the significant risk being seven and under in age but so Tanger, factory outlets SKT is the ticker. Yeah. They run all those outlet centers. It's got like a 4.7% yield. Valuation's not bad at all.

So the great thing and uh, I think Scott Tanger is his name. I forget the first name, but he was always on like mad money and CNBC and he'll. in great times. People love a deal in bad times. People need a deal. And that's why his outlets are always so packed because yeah, when everybody's like, think, , 20, 21 early on, when everybody feels rich, cuz the market's doing nothing, but going up, people love a deal.

Oh yeah. Check out what I got. And then like times like now where, you know, recession market in the dumps, everybody's like getting laid off. Like they need to go to outlets cuz they need a freaking deal. So they can like continue living, , within their means. And I've always loved that. And I thought that is genius that like the outlets, they, I just bought a pair of Oakleys right here.

Actually I bought a pair of Oakleys for 75 bucks. They're usually one 50. I was like, oh fuck it. Love this. And think of how far away you had to park. You probably had to like freaking valet to not have to walk a mile. I used to always go to the one, uh, in Orlando and there was one in, uh, Orlando was not Tanger, but there was a Tanger I think in like Daytona that my in-laws had gone to.

And yeah, you're always parking so far away, cuz that place is absolutely packed. No matter when you go, although I will, uh, go against that. Cause it was not that packed when I went, it was, uh, Thursday at like 11:00 AM, but the weekends are packed after work hours. It's packed, but I do agree. It's like every, every other time besides this last week it's been packed, so pretty wild.

So let's wrap it up here. We got Friday, we got the U Michigan sentiment index coming in. I really want to hear your sentiment coming in at the week. We got a lot of big earnings as we discussed throughout the week, Wednesday being a huge day Thursday, we got the jobless claims, as we mentioned, and then, , coming down a week on Friday, we have Jackson hole.

Right. So that's gonna be a big thing that everyone's gonna be watching for thinking ahead for. Where your mindset is? Are you sitting around and watching for the next week or what's going on in Joey's head? Yeah, so we, we talked about this, you know, this past week in our group chat and I feel like man, we should really make our group chat like on a public basis because we, we have some gold there.

Um, but I was looking at it as a de-risking week and what I was doing as you know, I was trimming my positions that I was buying and say like June, July that have just had these insane runs. and as much as I, I want this market to go higher, it's just one, like, it feels like we've been treading water for a little bit.

And, you know, we started like this little down trend that I just wanted to reposition some capital for some higher growth names, into some names that I'm comfortable with, you know, like going into a weekend or, you know, think of like the three day weekends, you know, like a lot of people like to position accordingly, like going into long weekend, there's really no telling what it could do.

That's kind of how I've been treating every Friday. And I was like, you know, I really want to take some of these, , hire multiple names off the plate and, you know, reposition that into a much safer company. And I could always change my mind on Monday and rotate back. Like I'm not gonna be stuck on cost basis or, or stupid things like that.

I just wanna like have a nice, comfortable weekend. I have my in-laws flying in, you know, the kids start school on Monday. Like I, I didn't want the market to be something that, that was impacting my mind or that I'm like looking at my phone during soccer practice or anything like that. So I took it as like a de-risking week.

I feel like, you know, this market feels more shaky than it has been in, in, in recent weeks. It just feel like we were off to the races for the longest time. But, you know, I think we had a good earning season. We have some important reports this week, but I'm looking for like, you know, that next catalyst to really start bringing us out.

And it could be the next fed meeting and commentary from them. I don't know what it is, but I feel like, you know, we've had a nice run and I wanted to take advantage of it. Like we were down in the dump so badly for so long that having this positive momentum, I just wanted take advantage of it and kind of like almost ring the register on some nice winds and , put that capital into stocks that I don't think, you know, if this market turns and say, we, it goes like 10, 15% lower.

It's not one that, you know, these stocks are gonna be making those same types of declines. I just wanna insulate myself a little bit. and, you know, kind of reevaluate as the weeks progress to where if I think, you know, I need to take on more risk than I will, or Hey, maybe I de-risk even more and just go into the safest names.

So, um, I would say, you know, kind of like do a gut check of everything you own, make sure you're still extremely confident in those names at the current valuations, or if you're the people that, you know, you're invested for 20 years from now, you don't care what what's gonna happen in the near term, then just don't even look at all.

But that's kind of where my head's at. And I know a locks. You kind of have your own strategy. So where's your head at going in the next week? , Avi locks has been pretty bearish on the market, but I'm, I'm in the same boat here. I'm, shifted a lot over to stronger names recently.

I think, you know, I learned a lot in 2020 thought I was the genius. with stocks and just crushing it. And then I realized, I didn't know a lot. Right. And so I started to dig in more and more. And as I'm digging in, I like to use the beach stock analogy all the time of where I can go to the beach.

I want the money to work for me. So I take a little different approach than like Tony who's in front of his screen trading all day. I'm more of , let me just sit back,

and I'm kinda watching, you know, I always joke that there's gonna be a summer run up into midterms Democrats could say that, Hey, the economy's in a good spot where we're moving, you know, forward things are going well. And, you know, so I'm kind of sitting and watching, I've moved my names into stronger names, similar to what you've been doing.

And, you know, I still have some flyers out there, with embark and shared care that, you know, they're so, so low right now. And they probably will go lower too. But, you know, I have 5% for some of those rocket ships that could potentially take off, but I'd say the majority is in safer names now.

And, you know, coming up to this meeting on Friday, I just wanna see I would say, I guess for the audience out there is I do write a, when it comes to certain situations. So like, you know, I'm all about like the kiss method of late.

And if, if I brings up a stock that isn't the most simple, I'm like, dude, this does not follow the kiss method. Like this is something it has such, you know, like a, like a share care, you know, there there's so many different variables within that company. It does, you know, all these different things. I'm thinking.

Compare a share care to Disney and it's like, okay. Yeah, Disney's kiss all day. And you see the performances put up how undervalued the stock is for the long term and something like that, that it's like, yeah, , you have your beach stocks, then you have your high risk stocks. But I mean, that's, that's your risk profile, so it can't knock it.

Yeah, no, I mean, I think, I think it's smart to have your money in safe stocks, obviously. Right. And then there's the, I almost call him like the bragging stocks. It's like names that no, one's talking about the contrarian view of like, yo, I called that cuz then you see it on fin Twitter, Chelsea like baby people.

Yeah. That's your stock. You got that shit red early. But you know what I'm saying is you, you see people on fin TWI so often just like, and I'm guilty of it as much of anyone, but like you brag on the stocks that you're talking about. And sometimes to the point where you, where you said in the beginning of the episode is like, you can't fall in love with the stock.

On share care. I was like, fuck, I put it out there. This is my stock. I gotta stick behind it. I did kind of the same thing with skills and, you know, because of the podcast, I feel like I have to like hold onto it.

Cause it was one that I was like talking about a lot. And I think ultimately you can't fall in love with stocks for that very reason. Because even though when it's going down and down and you know, a lot of things have broken,

gotta take a foot off the gas at some points. So let's wrap this episode up though. Joey, we got , a big week ahead.

. We got the boys from jock market, a really cool application, you know, mixing sports and the stock market, , coming up here next week,

and so we'll be doing a little giveaway with them. That should be fun for some of our listeners, but Joe, anything last minute to, to share with the audience hey, I'd just say, keep doing your homework. Like I said, reevaluate all your positions, make sure you're still as comfortable with them as you, as you need to be.

And yeah, if you are more like Avi, you want the beach stocks that you're not watching all day, check out the kiss method, you know, keep it simple, stupid. If you're one of those people that's in front of your computer all day, adjust your risk profile accordingly. But you know, we, we've had a nice run take advantage of it if you need to, if you're not as confident in the near term, but you know, we've got a heck of week of earnings ahead of us.

So it, it should be very interesting. So keep at it, stay strong. Keep that stomach of steel. We'll get through this and keep it pound in the table. We will be back next week with another episode of pounding the table.