 The following is a presentation of TFNN. The Morning Market Kickoff with your host, Tommy O'Brien. Good Thursday morning, everybody. I'm Tommy O'Brien, company alive from TFNN, 9.06 a.m. Thursday morning. We got about 24 minutes to go until the start of trading. We have all the markets somewhat near flat right now. Tech stocks in the green, NASDAQ 100 positive by five points after all the markets were pretty far into the red. We'll start things off with the S&P. Right now you're negative by two points, but check out where we were overnight. You had a low at about 3 a.m. Eastern time, 44.85. We catch a couple bids right at 70.45. We accelerate higher as well. We have an ECB meeting going on out there, Christine Lagarde, she was speaking and coming up to this program, but S&P is negative by two. Check out the NASDAQ 100. Low's intraday yesterday, 15,523. You actually trade to a low 15,546. You're up 80 points above where you were at about 3 a.m. Eastern time, and you see again, 745 catching a little bit of a bid. Dow down just 17 points, but man, you're talking about 200 points above where we were overnight. Things looking a little dicey at about 3 a.m. Eastern time last night in the Russell. 22 points above where you were at last night, 22 points in the Russell. That's almost a full percent. You trade down and up within about two points of the close yesterday. Crude backing off a bit. There's your acceleration on crude from 69.80. We were just actually below $68. You're trading at 68.18. Natural gas down two pennies right now. Look at that pop of natural gas yesterday to above 501. We're trading at 489. You get the gold contract right now. Positive $3 gold reaches 17.83 yesterday. We were actually above 1800 earlier this morning. We're trading at 17.97. Gold's got some volatility there. Speaking of volatility, Bitcoin, 47,095. Quite the sell off on Tuesday. We chop around yesterday. Actually above just now, anywhere we were yesterday, backing it up to almost Tuesday night, there's your acceleration on Bitcoin. You talk about volatility, man. These are 15 minute bars at 8.45. You were just trading at 45,745. You're up above 1,300 bucks in the last 20 minutes or so. You jump to gold, as we said, up $3. And we'll jump to notes and bonds. Pretty calm action right now. You get the 10-year negative one tick. You get the 30-year positive one tick. And we'll jump over to the VIX with some negative action last night. We had a VIX spiking to pretty much the consistent highs, whether it was overnight Tuesday, the highs are Wednesday, the highs overnight last night. You're talking about 1950. The highs on the volatility index we're trading at 18.16 right now. We got about 21 minutes to go till the start of trading, jumping around to some of the equities we got making moves. Before we do, let's take, we got some moves this morning, folks. All right, Lulu Lemon. Talk about crushing it out of the park. You're positive $52 right now in the open, trading at 432.50. Athletic is here to stay, folks, in a big way. Now, look at this. There's your three-year weekly. Okay, we got an all-time high of 417.85. I believe that's an all-time high. Yeah, this thing's just been on fire. So 2020 and September, you make it up, look at that high, 399.90. The high, we make it above there, 417.85 for some context. We put it back to the three-year weekly. You're gonna open at about 432. We're gonna print an all-time high on restoration hardware. Before we get into the numbers, I'm just gonna pull up all the stocks for the action first. GameStop, not living up to expectations last night. They are down about $20. Interesting though, a lot of volatility. The cool part about doing this program before the market opens on some of the earnings is you can jump over to the Analyze tab. And you can see what these were basically trading at. You're talking about GameStop pricing in a $27 move as the closed last night. So not even living up to the expectations. You got about a $20 move right now. If you were selling volatility in either direction there, you'd be making money as you would have gotten about a $27 move priced in. As of the open, at least, you're only talking about a $20 move to the south. We talked about Lulu. Now Lulu, way over the expected movie. Talking about $52, the move was only $17 in change. We got restoration hardware catching a bid as well. Now restoration hardware is up 32 bucks. They had a $50 move priced in. A little bit of volatility. They have some strong numbers as well out there. And not on the earnings front, but man, Sam Adams, Boston beer, watch out. Now they're not gonna have an expected move because they don't have earnings going on. But man, they got a move last night because they pulled their guidance and they have some big numbers. And you're talking about the hardselts trend not quite living up to expectations. There's your drop from 560. We're down about 50 bucks. You're talking about a nine to 10% drop last night. We hit 500 on the dot on the news that they're pulling their guidance. And I'm just gonna pull up here to kind of read these numbers. We're gonna start the program off with a little Sam Adams because man, be careful in this equity. And before we take a look at it, just for some context, talk about a parabolic move, right? We're gonna open at about 500. You're coming back to this area. Basically you're talking about June of last year. You take back 15 months. You trade from 500 up to 1350. And we're gonna be back to 500 all within the span of less than a year and a half. And boy, you better watch out because so what happened here is that, because I remember when they came out with these earnings, I mean, you were just trading at 960. You were just trading at 1,000 in June of this year. You're gonna get cut in half in less than three months. You really fall out of bed when they came out with their numbers. Look at that bar. That's a weekly bar. And it goes from 960 to under 700. You're talking about almost a $270 drop and things just keep dropping from there, okay? But check out these numbers. Now when they came out with these numbers in July, what had happened was is they had revised their numbers upward of course, leading into this acceleration. And then they basically had to pull back all the expectations they had. Now they get into it. Here's some of the news out here. And what they talk about is, here's the one I wanna talk about. Industry reports have estimated, they're talking about the entire market for hard seltzer is not what they thought. Not just what Boston beer might be getting with their brand, the entire market. Now their brand is the truly hard seltzer product, okay? But man, when you look at where we were, yeah, 1349 in April, I know, remarkable. You're talking about industry reports have estimated that the full year 2021 volume for the hard seltzer market retail sales will have over 100 million fewer cases than the volumes estimated in May of this year. Now, to show you where we were in May, there's your numbers you're looking at. That's when they were guiding up in a big way. They were at 1350, okay? So 100 million fewer than the volume estimates in May of 2021, they got revised downward in July, but it's still over 30 million fewer cases than the volumes estimated in July. So they had a huge haircut from May to July. Now it's September and they're saying basically at this point, as a result, Boston beer executives completely revoked the financial guidance they amended in July. Now that July was already a revision downward, okay? They obviously didn't revise downward enough. That's what has the market really freaked out. And while admitting that the full year earnings are now expected to come in lower than the $18 a share bottom of their revised forecast, now they had revised that dramatically downward as well the last time that they came out with their numbers. Yeah, so watch out for that stock. Not sure where that drops. A lot of the value in that equity was priced off the huge acceleration in hard seltzer and truly having a great spot in that hard seltzer market but it looks like hard seltzer. It's not the summer of hard seltzer that Sam Adams was at least hoping for really falling out of bed on that one. And you can see, I mean, where are we going next? I mean, 400 is totally in play here as this thing just chopped around 400 between about July of 2019 to where COVID began when we're sitting about 389 that are there about should make it down to a low of 290. But when you get that kind of max pain and you've got executives pulling guidance and they can't even figure out anywhere in terms of where to guide down because the market just keeps disappearing with the key there is that was their growth sector. That was the multiples that they were getting because the market was supposed to be exploding. Not so much. All right, folks, stay tuned. We got a lot to talk about. We'll be right back. Golden ratios give shape to everything in our world represented in the Fibonacci sequence. These special numbers define the patterns that make up our universe. Not even markets can escape the omnipotence of these ratios. Larry Pezzavento is a 45 year market veteran who has published nearly a dozen books on the powerful patterns we find in nature and their relationships with the ever elusive markets. Larry's newsletter, Fibonacci 24.7 will teach you to harness the power of these natural golden ratios in order to create successful trades. 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For free, each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be, TFNN, educating investors. Welcome back folks. We get the S&P is negative by two, NASDAQ 100 positive by nine points right now, Dow negative by 21. Let's jump over to our man, Kevin Hicks. Every trading day folks, live at 11 o'clock a.m. Eastern time on Tiger TV, the TD Ameritrade Network Fast Market with Kevin Hicks, Alex Coffey, the team at TD Ameritrade Network breaking down the day's market action, walking you through hypothetical trades in that option market with defined risk. Kevin Hicks, happy Thursday. Morning, Tommy O'Brien. Tommy, I'm gonna start this conversation off with really good news. I found the missing jobs from last week's non-farm payroll data. It just so happens they're sitting over in the queue in jolts waiting to be picked up by Americans. So we found the jobs, Tommy, they just haven't been accepted yet. It's pretty wild, man, it sure is. And we get an unemployment number. That's pretty slow this morning in terms of a low number there. Markets clawing back some of the losses we had last night, Kevin. We got the ECB out there. They're gonna be trimming some of their bond purchases or asset purchases out there as they seem to see that recovery on par with what they're looking for. Quite the resurgence from the overnight in terms of the thing happened to be up. I got a young son in the house. He was up last night. I was up at three in the morning. I said, oh man, well, this should be an exciting Thursday. Shame on me, Kevin. Of course they're gonna buy that dip overnight but pretty resilient market on these dips. But man, we're dipping a little bit but resiliency at least overnight as we come back to the open, we're pretty much flat across the board after some dicey action last night. Yeah, it's boring to when you're looking at financial markets to talk semantics but Christine Lagarde came out this morning, talked really positively about the ECB economy but did not say they're tapering. All they're doing is incrementally lowering their asset purchases from 80 billion to 70 billion with no promises of going lower. However, I think it's just semantics. Tommy, I think they, it's just, I thought it was very ironic that of all places the ECB is the one starting to look to, to decrease the asset purchases and not the US. So yeah, ECB jumping the gun on the US and starting to decrease their purchases before we do. That's, I listened to that same thing hit me. I said, wait a second. I thought, you know, in the US we're fortunate we're still fighting that vaccine battle but we're fortunate to have so many vaccines available and we do have a wave right now but the company seemed to be doing so well. The Europe's lagging a little bit but obviously not that much. Again, my opinion there. But we got some stocks rocking this morning with earnings man, that's for sure. Talking about Sam Adams man, that hard sell to market that's not earnings but they're guiding down in a big way just pulled their guidance but Lulu Lemon crushing it out of the park remarkable that stock how resilient it is. Athleisure is here to stay man up 52 bucks to an all time. Hi, what are you looking at in the market Kevin? Some pretty surprising moves on these earnings as they trickle through towards the end of the quarter. Yeah, exactly. Just another bit of look at the retail apparel sector and Lulu Lemon, that is ridiculous. The numbers that they came out with and the action on the stock. So, but here's what we did yesterday on Fast Market as you know we covered Lulu Lemon and we traded it based on a move in either direction but then later in the day we covered Nike we covered Under Armour knowing that because of Lulu Lemon's earnings, Nike had a one day expected move and so did Under Armour. So, not only do you have Lulu Lemon up but you've got Nike up three and a half dollars to start the day because if Lulu Lemon's doing well probably Nike is doing it well and they come out with earnings at the end of the month as you know, Tommy. So, there's opportunities in not only the name that's coming out with earnings but those affiliated names as well, Tommy. And Restoration Hardware trading higher as well from 672 we're pushing above 700. They've succeeded so well over the last year and a half with home decor and home furnishings, et cetera and that market looks to be still accelerating at least restoration as well. GameStop, Kevin, the one actually disappointing. Surprise, surprise, down about 15, 20 bucks not even up to living up to the expected move though. You know, quite an expected move, $27 move on about a $198 stock, $20 move but GameStop trading a little bit lower on their numbers, not too surprising I guess, lacking the fundamentals as that company has over some time. Well, it's Thursday, Kevin, it's a short week. Can't believe it's Thursday already but we got two days left in the trading week. What are you guys gonna be talking about coming up on the show today? Well, Lightbulb is gonna do presentation on Kroger. They come out with earnings tomorrow morning and then we'll look at the buy now pay later firm affirm that they just struck a deal with Amazon and these deals by now pay later is becoming the new trend in all this payment space. So we're gonna look at a firm and then we'll look at Zscaler in the final segment. So a full show of some interesting names today but Kroger in the middle section where Lightfolio will do a presentation, Tommy. Kroger, really interesting, Kevin. You remember when Amazon purchased Whole Foods and all of these grocery stores just went into the tank, man. Thinking they were gonna take over. We got Kroger trading now, is that in all time? Where are we? I'm pulling up the chart on the thinkorswim platform, man. Yeah, we're talking about all time highs at 48 bucks basically this morning going into their numbers groceries doing pretty well. Well, Kevin, we appreciate the conversation, man. We look forward to the show as it's always at 11 o'clock. We'll be watching, you have yourself a great day, man. Thanks for having me out, Tommy, have a great day. My pleasure, you too, Kevin. Folks tune in every trading day, 11 a.m. Eastern time. You heard what they'll be talking about. They had an outstanding conversation yesterday about some of the equities they talked about where there was Lulu Lemon and jumping over to Lulu Lemon taking a look at the moves. So holding at about 432, we're up $52 on their numbers. Remarkable numbers and let's get into the numbers as we take a look in terms of Lulu. Earnings beat hiked outlook as shoppers spend on workout apparel. Style changes, you know, human tendencies, changes, athleisure is here to stay and they are on the forefront of that industry. Based on the current forecast, Lulu's on track to surpass its 2023 revenue target by the end of this year. Did you hear that? Two years ahead of schedule and they had some lofty numbers to do that, folks. In its fiscal second quarter, sales in North America rose 63% year over year and up 49% internationally. Growing a company of this size, those statistics, remarkable. Now that's year over year. We got some weird stats we're dealing with last year but still remarkable because they were still doing business a year ago. You're talking about 1.45 billion. Market was only looking for 1.34 on a percentage basis. That's a huge beat. Net income rising to 208 million. That's up from 86 million a year ago excluding one-time items. You're talking about a buck 65 a share and the market was only looking for a buck 19. Our performance in Q2 was driven by a strong response to our product offering, improving productivity in our stores and sustained strength in e-commerce. On a two-year basis, here we go. Lulu Lemon reported its women's business grew 26%. Now that's the big part of their business there still and men's was up 31%. 26% from two years ago is a staggering number. When you think about the numbers they were already dealing with, it did not however break out sales of the mirror products during the last quarter. That's their exercise equipment. It currently has mini mirror shops in 150 Lulu stores and we'll ramp that up to 200 before the holidays. Big numbers in a big way and they're gonna benefit today. And as I mentioned, you're only talking about a $17 move. I mean for some context here you pull up the options expiring tomorrow. Now this thing was trading at 380 remember? You pull up 380 and you're basically talking. You would have gotten an at the money put a call for about 10 bucks and you're pushing 53 bucks on the open this morning to the upside. Now you would have to be bullish. You know what you could have gotten both sides by about $20 to expiration on Friday. Big move nonetheless and yeah. You're gonna see it open. It's even accelerating higher. All right folks, stay tuned. We'll be right back for the open. We got the S&Ps negative by two coming into that open. We'll be right back in three minutes. 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We are so confident that you're gonna love this new charting software that will even give you a 30-day unconditional money-back guarantee. Don't miss out on this incredible new piece of software. Get your copy of the Art of Timing the Trade Charts today by visiting TFNN.com. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. Well, welcome back, folks. We've got markets open. We've got the S&Ps, negative by two, NASDAQ 100, barely in the positive by 11. Dow in the red by about nine points. Dow had been 200-plus points below where we're trading at right now. You're back above 35,000. The Russell barely in the red by about four points right now. Jumping around to what else we got going on. NFL names Verizon, 5G partner and 10-year deal, promising enhanced fan experiences at stadiums. I bring it up because football is back tonight, folks. You have the Dallas Cowboys at the defending Super Bowl champion, Tampa Bay Buccaneers. I'll always be a Patriots fan, but I've been living in Tampa for 15, 16 years now. Pretty cool that Tom Brady gets to come play here. He gets a Super Bowl here. Remarkable, the GOAT, as they say. But football kicking off tonight with Dallas coming into Tampa. Tampa, an eight and a half point favorite, I believe, in that game as the NFL kicks off tonight. Jumping over to the fundamental news we got this morning. Little bit of a headline, number 310,000. Another new pandemic low. So in a healthy economy, you're always gonna see, not always, but you would see in a healthy economy, 200, 250,000 jobs, weekly jobless claims on a weekly basis. Just a healthy churn of people going through, whether it's a variety of jobs, losing one job, moving to the next. The estimate was about 335,000. These numbers are really not that important to me. There's a lot of variants in them, and they're pretty close to the estimations. And when you're talking about 10 to 20,000 jobs on a weekly basis, when we're dealing with eight to nine million, potentially, that we should make up to reach pre-pandemic levels, which I don't think we're gonna make up. There's gonna be a huge chunk of those people that are somehow making decisions that it's not worth it in their life, whatever the situation to maybe come into the workforce in that capacity, maybe not to come in yet. I just don't see eight or nine million jobs coming back to get to that level. Nonetheless, 310,000 was the headline number this morning. All right, jumping around to other stories we have going on. We talked about Lulu numbers, GameStop shares. Let's see how they're trading on the open this morning, GME. Basically where we were coming in, you're down about 9%. Now getting into what they had talked about, extending trading, second quarter loss narrowed on a year-over-year basis, and here's the key, the retailer did not provide an outlook for the coming quarters or take questions during its earnings conference call. And you know what? Good for that CEO. Now they're paying the price today by about 9%, but they're managing their company, I would say, in the capacity that they probably best can. This stock has no business being at $180. It had no business being at 200. It's living on a dream and a prayer. The valuations of this company make no sense from a fundamental perspective. We're talking about a $13.4 billion company, GameStop, which yes, is in a huge transformation, and I'm sure the new Chairman Cohen has a plan for it, but that plan is not driven by revenue and earnings as of yet. It's driven by a plan. Now they have secured tons of capital by selling shares into the public at some of these lofty valuations, but why not? This stock is being driven up here by almost a cult following. If you're being driven up here by a cult following, yes, you're gonna pay a price, you're down 9%, but maybe the price would be more if you tried to provide an actual outlook of where things may be and took questions. Just something to consider. You're playing with fire over in these shares anyway. You know, you're up 957% year to date. For the quarter in July 31st, net loss, $61 million in the year earlier period. They had a net loss of 111. Not even worth mentioning, basically. We all can kind of grasp that the fundamentals don't match up. It's just all about maybe the Reddit, Wall Street bets or retail traders believing in a possible future. Okay, let's see what else we got going on. All right, Amazon, why not? I got some Amazon in my account for retirement. Seems like every day we get an Amazon story, right? Yesterday, the story was that Whole Foods, they're doing a couple more stores cashier list. That's gonna be the future there. Now they're gonna be selling TVs. It makes sense. The fire stick is everywhere already. I got Roku's in my house, but fire sticks are everywhere. But Amazon announced its first Amazon branded TV sets. Two families of models will be available in various sizes. Amazon Fire TV Omni-Series and the more affordable Amazon Fire TV 4-Series. They're gonna have two levels, right? More affordable basic level and then your higher end level needed to build its own set in order to better integrate its Fire TV software with Alexa voice controls. They're just getting into everything, folks, in a big way. You jump over to Amazon. Amazon up half a percent, 35, 46. Not necessarily on that news, I would imagine, but trading higher was all the markets catching a bit. Look at this, Nasdaq 100 up 33. Dow up 28 and the S&P is now catching a bit up three points as well. We jump over to the VIX as the market jumps higher. VIX now under 18. All right, continuing to jump down the line of stories we got this morning. So we talked about Lulu Lemon. We talked about Game Stock, Boston beer, restoration hardware. Let's see how they're trading. They were higher. Beat estimates by two bucks a share. Quarterly earnings of 8.48. They said it continues to see elevated demand from consumers spending more time at home. That's the question, right? Some of these stocks have benefited so much with the pandemic and the lockdowns. We jump over to restoration hardware. Yeah, and you're up 3.7% giving back a little on the open but still relatively where we were is about 9 a.m. on their numbers. We continue to jump down the line. United trimmed its outlook due to the surge in COVID-19 cases. Not what you wanna see for travel that's cutting into passenger demand. United's adjusting its capacity and response. So it said the current trends continue at reporting adjusted fourth quarter loss. They're a little bit lower. We'll pull them up in a moment but all the airlines gonna trade lower on that news. And there's your acceleration to lower prices when you actually catch a bid on the open. We're up 6.10% from American Delta Airlines up 8.10% right now. United up 4.10%. We jump to the cruise lines. Little bit of a pop as well. Carnival up about 3.10% right now. Airbnb, this thing has been on a little bit of a run from 1.30. Check this out, right? I think they go public reference price or go public at 1.40 or 1.50 somewhere in there. You make it down to 1.30 twice. This is why folks, you ever get an area where you have an area of supportive resistance this area at 1.30. You're close to that level on their IPO but just where we went to. I mean, you got quite a pop back here back in May, right? You make it all the way up to a price of 1.57. I'm at a nice entry there. You set your stop somewhere beneath it. You don't pop, you don't pop, right? You're wrong. You do get an acceleration and man, what do you have 25% since that 1.30 price point? You really get an acceleration back on August 24th. This morning you're down 1.4% with the travel stocks being revised slightly downward. All right, jumping down the line. In Caesars, they struck a deal to sell the non-US assets of its William Hill Sports betting unit to British gambling firm 888 Holdings for about $3 billion. William Hill, one of the big sports books over there over in Britain, $3 billion. And what else we got down the line? Macy's, they were positive this morning after Cohen upgraded them to an outperformed, noting better inventory and pricing management as well as robust digital strategy. So not exactly talking about the entire sector. We're just talking about Macy's, you're up 1.8% on that. Let's jump back, some of the companies that were moving, see how they are moving. Lulu, holding on to most of those gains this morning, you're up 12.5% on their numbers, up 48 bucks on the open, restoration hardware, up 32 bucks on the open right now, up 4.9%. GameStop shares down 8.2% down about 16 bucks. They had about a $27 move priced in and we'll check back to Boston Beer, catching a little bit of a bid on the open, still down about 6.8%. And as I said, going over this in the beginning of the show, if that's not a definition of a falling knife, what is folks? All right, red across the board since their last earnings on July 19, now it's only six weeks later. And already they have to revise greatly downward from the estimations they had in July, let alone those have been revised downward. So obviously they didn't make the revision they needed to in July. Maybe that could be what's going on here as well as they pull the guidance completely. Markets though, positive territory, SPS up eight and NASDAQ up 43. We'll be right back folks, stay tuned. 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That's TFNN.com and hit Watch Tiger TV. Welcome back, folks. All the markets in the green. We got the NASDAQ up 40 points, S&P up about seven points right now. Jumping over on my favorite stocks. I got this in my newsletter from early on. Quite a pop that we got the last couple days on Disney. Gives it back a little bit yesterday, the acceleration we had on Tuesday. You take a look at what they had. We had a couple of things going on on Tuesday. Number one, I believe this volume spike here, when you look in the middle of the day, was when they came out talking about that they will be raising the prices of Hulu, I believe at least, if not ESPN, but I know they'll be raising the prices of Hulu by a dollar, not raising the bundle price. But what we also had is you had the movie sales over the weekend and pretty remarkable that you get Shang-Chi, I believe it's pronounced. Now this is an opinion piece talking about AMC more so than Disney itself, but talking about that Shang-Chi, which is the new Marvel movie out this weekend that actually set a box office record. And again, I'm biased, we have the stock, but I'm giving you cases of why we do have the stock, folks, the brand that Disney has, whether it's Marvel, whether it's Star Wars, whether it's Donald Duck and Mickey Mouse and everything that comes with it, are pretty unparalleled in a big way and content's gonna be king. And you think about the amount of characters that Disney sells in terms of dolls and merchandise and Netflix just does not have those types of content brands and it's very difficult to envision a future that's guaranteed to exist when you don't have the type of content brands where as guess what, Star Wars ain't going on anywhere, Donald Duck and Mickey Mouse ain't going on anywhere, Marvel definitely isn't going anywhere. I mean, Marvel, you look at superhero movies, those are the box office billion dollar movies, those and probably the cartoon movies that Disney makes as well, but checking out the numbers. So this one is saying AMC's in trouble because it can't just be all about Disney coming in to save them when they're making movies because that basically you're gonna have just Disney being the powerful operator with AMC which is kind of the case right now. And yeah, that's not a sustained recipe for success for AMC. It might be for Disney though. So you have Shang-Chi and The Legend of the Ten Rings, such a hit that it resulted in record admissions revenue for the US Labor Day weekend, remarkable even during a pandemic. Now, what could be going on here though is that remarkable that people could be potentially not doing what maybe they weren't traveling as much and so they had more ability, nonetheless strong numbers when you look at it. How about 95 million in ticket sales? That movie created in the US in Canada over the four day weekend that knocks out a Labor Day record previously set by, can't believe this, the sixth sense, Labor Day. Not a big movie weekend, I guess, in 1999, grossed an additional 50 million in other countries. It's the first real post-pandemic blockbuster. You could say, now what was, there was the other Scarlett Johansson movie out there that did a bunch of money in theaters and also did a bunch of money in direct sales as well. There's been a couple of movies out there. Black Widow, I think maybe that one. Yeah, so you had it trading higher of course and they're just basically talking about the Disney had a 33% share of ticket sales as moviegoers increasingly held out for its superhero blockbusters. There you go, the Labor Day triumph of Shang-Chi are for the latest evidence of how Disney is king of the box office but if Disney rules the box office, the box office can only win when Disney chooses to be there, right? That's the interesting part. We've had a couple of these movies released directly to streaming as well. In 2019, that's all I need to get through these numbers, before COVID upended the theater industry, okay? So this is not about COVID. Disney had one out of every $3. I think in 2019, they had 10 different movies. All of them grossed a billion dollars. 10 different movies and all of them grossed over a billion dollars. They dominated the box office. That's part of the reason why they're now dominating the streaming wars because their brands are so strong. So you have Warner Brothers owned by an AT&T was a distant second place with less than 14% share. Now, things have dramatically changed over the last year and a half, of course. But when you look at the forces with Disney, action and venture films, a category Disney dominates increasingly drive box office sales. Commedies, it's not happening, folks. That's now 2019 is blue, 2021 is black. Things are gonna change. We'll probably go back to a 2019 model but look at where the money is, all right? You're talking about adventure and action. Even drama, I love good dramas. You're talking about only about 12% of ticket sales versus an action and venture 33, 34%. Now, part of the reason why as well is that I'll go see a great action and venture movie in a movie theater because it's more of an experience, right? It is, you get those big a drama. You might not need to see it on a football size screen in front of a movie theater. Nonetheless, strong numbers, something to consider and surprising numbers for the movie out. I mean, that was not one of their biggest movie theater, movie chains. I mean, you think as in it's not like it's a Spider-Man, right? Coming out that they could just do big business itself. Excuse me. So $95 million domestically 50 abroad in Disney. Gets an acceleration on that. Disney popping a little bit on the open as well. Now you take a look at Disney, where we've been at 3A2. We jump around on a couple of different occasions. Look how many times it almost came down to that line, right? Frustrating when you're at 203, especially frustrating when you're looking at an S&P that's up what, 20% this year? And you have Disney in the red for a decent portion of that, but it holds the 3A2 at about 170. And just since August 20th, you're up about $16. You're up almost 10% on this equity in that run trading at 186.11. Still some ways to go as we get over the pandemic and really open things back up. I tell you with cases where they are in Florida right now, I'm not going to a movie theater. And I had been to one after I got vaccinated earlier this year before this wave. So still factors weighing on ticket sales over in Disney in a big way. All right, what else we got going on? Checking around some of the stories. They're talking about China over there on the YouTube Tiger stand. I got a couple of articles over here in China. Why not? We'll pull them up. Yeah, so first we got traders rushed to dump China's tech stocks as gaming targeted again, gaming shares leading a broader decline in the skittish market. I would just stay away folks and interesting story out here talking. I hadn't really realized it. I don't keep track of President Xi, but 600 days he has not set foot out of China. A little bit of isolationist, not what you would want. If you're looking for positive ties, no indication of anything going on. His health is fine. He's visiting everything in terms of virtually, but something to keep your eye on as they ratchet up the pressure on these companies that Xi is just sitting in China doing everything remotely. He doesn't need to be making those trips. He's not gonna get pressured by anybody. And it'll be interesting to see it is the longest of any of the G20 leaders there, particularly if he avoids the G20 meeting in Rome at the end of October. That's kind of the next big place. If he doesn't show up there, he's just not looking for anything diplomatic and it wouldn't be surprising. But you got a G20 meeting going on in Rome at the end of October. You look at the leaders in terms of where they rank and how long. Looks like the Indonesian president out there has spent a while as well. Mexico hasn't been out of country. Now this is all kind of distorted by the fact that we're dealing with the COVID pandemic. And the last time Xi was out of China was just before the lockdowns in China that started. And you go all the way down Biden, I guess 85 days down there over with Macron and Draghi down at the bottom within the last couple of weeks being out of country. All right, folks, let's check back in some of the commodities we got crude. Negative about 46 cents right now in the 15 minute catching a bid. We were below 68 bucks. Look at that crude market with some volatility, 68, 85. Gold's hovering at about 17.95. We'll jump to notes and bonds as we come into this commercial break. We got the 10-year, up one tick right now. We jump over to what's talking about a yield. The yield on the 10-year right now, we're talking about a yield of 1.33% the yield on the 10-year right now down about one basis point. Check out the VIX volatility index right now. This market, talk about a relentless market, folks. The VIX giving it up to 17.43 on Thursday, trading on a short trading week. Stay tuned, folks. I'll be right back to finish up the show. Sharpening your skills as an investor is like getting better at playing a musical instrument. You have to practice, sure, but you also need excellent instruction from experts. At TFNN, you'll get advice and guidance from the authority in technical market analysis. And it's not just dry, tedious text either. 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Your investment can be anywhere from $100,000 to $500,000. Do you want to make $1,000 per year on $100,000 invested or $7,000 per year on a secured Tiger First Mortgage? The Tiger First Mortgage Program may be just the program for you. The Tiger First Mortgage Program pays 7% per year, paid monthly. For more information, you can call 877-518-9190. That's 877-518-9190. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of tfnn.com. ["Think or Swim"] Well, welcome back, folks. We've got markets in positive territory. Russell clawed back as well to be flat right now at $2249, jumping over to the headlines from the ECB. So the headline goes, European Stocks Trim Losses as the ECB slows its bond buying. As I was chatting with Mr. Kevin Hinks to start off the program at about $915, what they were talking about here, the ECB on Thursday decided to conduct purchases at a moderately lower pace than the previous two quarters. Officers also reiterated a pledge to keep the 1.85 trillion euro program running until March of 2022 or later if needed, signaling they're not ready to discuss how and when to end emergency stimulus. The ECB does the obvious and goes for the low-hanging fruits. This isn't the same as tapering. That's, there you go. Then that's what Kevin was talking about there. And they talk about individual shares nonetheless, but right now on the heels of that, you're talking about Europe. When you jump over to Europe where we're trading right now, you got, come on, the DAX up about a 10th percent, FTSE down 1% right now, over in Asia, Nikkei down half a percent, Shanghai up half a percent, Hong Kong, Hang Seng down 2.3% as though China gaming stocks jumping over to the headline there. And there it is, Hong Kong's Hang Seng index drops 2%. Chinese gaming education shares take a hit. Yeah, and Chinese state media reported that two or my video game firms summoned to meeting with regulators, they're talking about 10 cent nettees, issues discussed during the meeting including reminding them of restrictions on game time for children. I mean, you literally got politicians bringing in business leaders and reminding them how to act over there. Just be careful if you're in any of these Chinese equities. Yes, there is an opportunity anytime you're dealing with volatility for profits, but so many variables that I cannot quantify in that equation. And I don't like putting my money at risk when there are variables that I cannot quantify. It's just, I can't do it. I mean, if I'm going to quantify it, I'm going to quantify it to a level that there's probably an absurd level of risk and I'll look for something a little bit more in my market. As Kevin Hinks had talked about note to him again, you know, you want action over there, maybe you go to Las Vegas Sands, maybe you go to the win as they both have some action over in China except you're dealing with American companies. All right, folks, thanks so much for tuning in. Stay tuned. We got our man, Basil Chapman. He is up with the Tiger technicians next, fast market at 11, Larry Pesimento, Steve Rhodes, Dave White, Tom O'Brien all this afternoon. Have a great Thursday, everybody. Stay tuned. Basil's up next.