 What's up guys, Wednesday. Happy Wednesday going on. How's everybody doing? Disable some of these All right, let's check out the market. I'll look today See what things are looking like Good afternoon G-Money. What's going on arpinico? How you doing? Let's see Yeah market was uh Pretty mixed today Lot of the stuff that went up a lot yesterday cool back down Some of the semiconductors NVIDIA cool down no move Microsoft or a coach What the hell apple at 175? Damn apples on some crack man Some of the consumer staples company got beat up the craft Kroger's Kellogg Um target, you know people don't want to play safe man. They want to go risky dicky today Walmart a lot of stuff came back down pretty hard Um google was a little bit green Facebook continued to move up pretty bullishly Wow cruise company went big Big move today huge recovery Uh very nice there broken that calm as well paypal continued to move back closer 200 dollar line I don't know if you guys got into um paypal with us the other day Huge huge reversal up very nice Probably a good time to close as we're getting closer to 200 dollar area Um, let's check out what earnings we got going on today Just pay for handsome spy calls today. There is dang It's okay. It's okay. There'll be more Good afternoon make some good money today. Yeah Let's go Can't wait to see what spwh earnings are same same. I can't wait Scare money. Don't make money facts So puts on what man say that and then you go you go like you're selling puts Disappointed That's not much money, man You know, the most money is made from going ape on cause All right, so let's see um So we have some earnings today from rent Let's see what we have going on today. We have game stop No, a lot of people are excited about that. We've got restoration hardware. Um, Then we have sportsman warehouse, man That's the one we're really looking for Because we got some lotto's on it on the account um Rent says that we ported q3 Eps is six negative 672 down from 398 Sales is 59 up from 35 I don't know what happened there. I don't know how they lost so much 66 increase in sales but a huge loss in margins That was a rent I don't even know what this company is man Rent the runaway is an e-commerce platform that allows users to rent subscribe Or buy designers apparels what interesting concept Restoration hardware also reported as well Watching from your phone for the first time kid. Whoa Restoration hardware is up What's up maga height app has no match Just the way All right, let's see restoration hardware. Oh my gosh Oh, that's nasty man. That is uh That's crazy Hopefully hopefully you guys bought calls on this man. If you bought calls on this you'd be banking right now I know nobody dumb enough to be selling puts on this when they can be buying cause man This is easy money Not talking about anybody specifically in the audience though So that has pretty good earnings. I guess, um, pull up a little bit. Um, as as more stuff gets updated They said they raised their guidance as well Game stop also reported Earning sales is 1.3 billion as opposed to 1.19 29 increase compared to last year's um flopped so Down six dollars 3.5 percent 169 going down a little bit more to 165 Very nice very nice We can talk about that a little bit Oh, no, man. Oh, no, let's see what happened here Let's see what's happening here No No Why sportsman warehouse all you had to do was make three more cents is that so hard is that so hard man Just make three more cents So sportsman warehouse we play some lot on it. We got some pretty dg plays looking for like 15 to 17 Um, only if they super beat so earnings per share was 51 cents as opposed to 54 cents estimate They missed that by a little bit Sales is 401 million dollars as opposed to 400 379 million. So they still made more money than last year um But things are slowing down a little bit So this was a 28 decrease in terms of margins compared to last year's And about four percent increase in sales Compared to last year Why you no earn life? Kip says Um, but we were extremely bullish on it because the enterprise value on this stock was you know around 873 million And right now the market cap is 562 that means is extremely on the value If you did the math on it, you know, um, you took the enterprise value divided by the Share floats or I mean the floats over here Um, you know, you would get like 20 dollars. So ideally this would be around 20 dollars But obviously the earnings is going to affect that a lot as well Because you know, if they're like if they're excelling their earnings and they're consistently having this good margin And and uh in the sales then things will reflect accordingly But I mean this isn't this isn't that bad of an earnings. It is a reasonable earnings because at least On the on the bullish case like at least they're still having more sales than last year And and last year was already already a phenomenal year for them So at least that would justify the current price point they were at because last year they were trading at $12 They're trading at 13 right now Um, so they they're doing they're they're still like having that ability of having more sales in the last years Um, and then like after these quarters here, they still had pretty good, you know earnings throughout the year So for them to be flat compared to last year's numbers is still pretty good value they were they were supposed to be acquired by, um, another gun company and And and the FTC federal trade commission ended up blocking them So So since they ended up getting the block they the price came back down But they're gonna get paid by the other company for not For not for not being able to go through with the merger So this is it right here the other day they went down, you know purge after terminating the sales to gray outdoors um, but gray outdoors is supposed to pay them $50,000 for For that termination And then they got some price upgrades to $20 from 18 to 20 by some of the other hitch funds and things like that So I think that there's still, you know possibility for this to go up. I think it's just a matter of time We'll see what the ceo says Oh 50 mil 50 mil So he said i'm very proud of the team And pleased with the performance of the business during their quarter Sportsman warehouse ceo despite a very difficult comparison and terminated merger agreement So the gray outdoor group our team has been able to actually achieve incredible results in the quarter and year to date period Top line sales grew out 4 for the third quarter compared to the same period last year Um, they also opened seven new stores in an eight week period as of today So that's really good opening new stores The company has opened 10 stores in fiscal 2021 including two In two new states. So this brings our total store count to 122 stores in 29 states Same store sales declined 1.5 percent from the third quarter compared to the quarter of last year The companies saw the same store sales growth of about 39 percent compared to 2019 e-commerce sale growth was 15 And 260 compared to 2019. That's really good They also increased a lot of customer base with the new credit card So they were supposed to get acquired by this company that owns bass pro I think I think that's gonna call bass pro So gross profit is still pretty good Gonna go through the game stop earning in a second Um, all right, let's check out the game stop earning. Let's see what's going on there So we did some low key lotto on game stop as well looking for it to not make that big of a move In terms of calendars um It was a little bit expensive though, so it was a little bit hard to alert it So game stop says third quarter nest sales was 1.29 billion for the quarter Compared to one billion in the prior years third quarter. So that's about 30 percent increase, right? um Sales attribute to new and expanded brand Relationships such as samsung lg razor Visio and other contributes to the company's growth in the quarter inventory was 1.14 billion compared to a 61 so, um So they're they're trying to front low investments inventory to meet increased customer demand mitigate supply chain issues ended the period with uh A lot of cash And they established new offices in seattle washington boston messachusetts Which are technology hubs with established talent market? interesting What are they doing that? So this is this year sales data compared to last year's 3.7 net sales compared to um 2.9 39 weeks ended margin In terms of net loss is a little bit better Double the cash flow Last year Yeah, in a way kind of like like zero a hero like either we're going to make a lot of money Or we're we're going to lose the whole investment that we put in kind of like that It was overall decent earning. It was a reasonable earning Not that bad. I was expecting worse. Honestly, um, but compared to one year price Obviously game stop still has a lot to catch up to right? Um, the stock one year ago was trading around $12 For some of you that have jumped into the market during the sega of the game stop sega, so you know, um In december of last year it was trading around 12 to 17 dollars. That was when they started that big run up to $500 And then we kind of came back down A little bit So the price has definitely appreciated 10x compared to last year's where sales is still struggling sales I mean like sales is not struggling struggling, but sales is getting better and better, but it still has a lot to go Um in order for sales to catch up to the current stock price But they they could potentially have a lot of things up their sleeve that we might not know, you know And and that could potentially make it happen who knows What's up, ravi? Does those fastly has still has room to go up. We can check that out That seems like to be part of the cloud sector with okto mtb and And um, twl Twfo So we'll check the whole sector the cloud sector has been pretty bullish the whole market has been extremely bullish So a lot of things just been moving up with the you know, the whole general direction of the market So let's see. Let's check out some of the other earnings. Um, the guy here Udmy sales is 129 as opposed to 125 beat analyst estimate by 2.95 This is a pretty new ipo. So not much movement um Sure, we'll check fastly and asan So revenue grew 9% year over year still a lot of losses That's a crazy about this company man. This is a company that sells like courses for five dollars But it's just a lot of like oversee courses and and they're like, yeah, they're pretty trash, man Next quarter guidance is pretty good. Um above estimates. So anytime guidance is above estimates. It's always good Let's check out some of the other earnings we have path Ui path they reported q3 eps negative 23 cents as opposed to negative 41 cents Sales is 220 mil as opposed to 208 This is a 43 increase compared to the same period last year And 49 increased compared to the same period last year See where the company was trading at last year Um, this is a pretty new ipo as well ipo earlier this year around 60s It's trading around 45 right now So those data's are pretty good. Let's see what the next quarter data is looking like Next quarter they're looking to make between 281 to 283 this quarter. They pulled about 220 So they're seeing a better quarter for sure So some for another this could be another interesting buying opportunity as well. I like it Got another lot of uh partnership announcement as well Carl Stryke partnerships PWAC, I mean It's hard man. Like what what do we really know about that company? There's there's so much. Um It's so much like You know, it's just all speculation We don't really know much of what exactly they're gonna do, you know, there's no like concrete Um, there's no real concrete plan So it's all speculation at that point. Um It it's like, uh, it's like cryptos almost man Probably have better chance in cryptos But yeah, like fiat world says pretty much be money be okay losing Zero or hero So restoration hardware had a pretty good earnings EPS with seven dollars compared to 663 Sales is 1.03 billion as opposed to 983 mil 13 percent increased compared to the same period last year and 90 percent increased compared to the same period last year How is the stock compared to last year? Last year was like 490s 416 to 490s Two-year bases the company's has gone up like 200 plus percent man Yeah, I feel like we talk about this company every quarter every earnings man And we think about buying the dip But always missed opportunity to buy the dip because the options chain is just so trash But this might be good for um way fair. Let me see if it's up after hours So usually they run pretty close together. So this might be a buying opportunity right now. Um Either that or overstock that calm So watch out for those two if you like restoration hardware What else we got? They did a presentation yesterday or something, right? Earnings per share is 20 cents. It's supposed to 14 cents for a Napa Um sales is 104 I suppose 96 What is this luxury wine company? Interesting. Let me see what the sales imbalance today was 2.6 billion to the buy side That's true. It is That's kind of most of the earnings today, man. Um Didn't get to see what I wanted from sportsman's warehouse but Oh, well, we'll see what we'll see what things have in line for us tomorrow. We'll see Um, you guys said you guys want to check out some stocks. What were they again? fastly Rabbit from youtube side wanted to check out fastly. Let's check that out So based on our swing indicator Um, fastly has had a had a lot of money flow coming in this day And then it started to move up found some bottom here started to move up, um This could be a good area to take profit right here on the half day chart Um, we got some support below around 40 dollars Yeah, sure, man So we got a little bit of resistance here Next level if it really wants to clear would be have to be 40 45 dollars If it can clear 45 it can go a little bit more Um, if it can't clear that it's it could set up double bottom You know or it just could come back a little bit more But it's been a tricky company, man. It's been a very tricky company They even had a really good earnings last quarter And and they can't like go up for the for the life of them So but did they end up finding a bottom here? And finding a bottom here for that reversal upside So that's a good move fastly I posted a little bit of that I posted it in the discussion channel On fastly Oh, it's mike here on the stream Can you explain how technical patterns are formed? Cup and handle and will cause it to go up at the handle Oh, I mean that all depends on on the trader, you know It all depends on the setup the trader and how like How like everybody play it So and the thing with patterns is is all speculative is all it all depends on like what people You know want to see or Or decide to see So for example, you know, you could you could look at spy You know, um, which is which I'm pulling up as xpx Right, you could you could essentially say hey, this is a cup and handle pattern here um You know, we can say that this is a cup and handle pattern here Um, and naturally when the market comes back down and goes back up, right? Uh, it it's naturally going to slow down a little bit So if the cup and handle if this is the cup Then the handle will be right here where it pulls back a little bit to cool down That's called the back testing if it back tests And it holds that support area then it's going to bounce there again. It's going to go higher So that's how bow flags are set up cup and handles are set up Um, even inverse head and shoulders a set up like like that way There's the most of the patterns are the same thing honestly And there's so many different ways people want to play it like for example somebody like me I could be looking at um, I could be looking at like facebook and I can be like, oh, you know what? I'm gonna play just off the support line here. Some people are gonna wait for the confirmation bounce to play it You know, somebody could be playing here at the breakout where I could be taking my guests and just playing it right here at the bottom It's all it all depends on how you know, how everybody decides to play but If you want to go spend more time on it, I could spend more time on it Um, just just reach out to our x-rays team. You get a lifetime membership We do have we do offer two hours of mentoring And you can set up one on one session so we can you know, spend a lot of time going over the patterns and how to Find the plays and set up the plays Um and stuff like that. I mean even um, even our swing. I'll go the swing. I'll go that we have for sale in x-hops right now Um, that that also kind of explained to you how how you want to play technicals So for a lot of people that are new and they're just like Started trading and they want to get better at trading, you know, ideally you want to have a system So that's kind of why the design the swing trading system to help that, you know, to make that happen So I hope that was helpful. Hope I was able to answer your question a little bit there Check out the next stock Oh, let's go over loves love sack. I got you man They had a good earnings man. Love sack always has to get earning I mean, have you seen the furniture, bro? Have you seen the furniture? Oh, what the hell The site doesn't oh, there we go. I mean Have you seen the furniture? Oh, geez That was so loud. I mean just look at all the different positions that you can I mean that the furniture can do Good stuff, so they have pretty good earnings. Let's check it out Uh Q3 eps is 17 cents as opposed to negative 40 cents. So last quarter they were negative this quarter They had a really good margin sales is 116 million as a as opposed to 112 estimate says the margins was Six percent increase compared to last year. It was supposed to be a bad quarter, but they end up having a really good quarter out of it Sales is 56 increased compared to last year People are buying these furniture's non-stop Not me though, but people are Um stock last year was trading around 37 dollars Right now it's trading around almost 80 dollars after today's reversal to the upside So due to the market going downturn last week, it was trading as low as 60s moved up 18 dollars, man And this company was trading around 17 dollars Jesus What else are they selling man? What are they selling like dolls with the with the couch? What else are they selling man? The bean bags comes in vibrators or something Geez I don't know what the selling man, but Stock is all but a lot 16 dollars Someday it's gonna be a 160 dollar stock Yeah, you guys remember last year when people were boycotting um wafers because they were like, yo this company is so sus they they'd be selling like um They would be selling these furnitures like, um, what do you even call it? cabinets and and like Closet for like thousands of dollars last year. So people were like, yo these furnitures that they're selling aren't actually furniture When you get the furniture you actually get You know like A person with it or whatever or they're like you're actually buying a service That's why these furnitures would cost like $5,000 or $15,000 When you can look somewhere else and it'd just be like a $500 piece of furniture I don't know if you guys ever seen that last year. It's pretty crazy So Thor also reported as well Thor's acquisition supply chain execution led to double beat It's a one-two punch Double beat, let's see Let's look at that earnings real quick though Um, Thor Industries net sale of 3.96 billion earnings per shares for 34 Weird firms positive outlook 100 percent 117 percent increase compared to the same period last year through another monster year Oh my gosh more backlog Increase of 100% backlog This is backlog as of october 31st was 18 billion compared to 2020 They made so much money that they literally bought out this other company car Air XL Which is a significant supplier to the rv industry How did the ftc even clear that deal? They literally have monopoly over that supplier, man This is disgusting Order backlog 10 billion as opposed to 4.3 Net sales 2.2 as opposed to 1.3 Oh Look, I see kip I see kip's airstream Sus I like their presentation man Pretty cool stuff Actually, let me look up one more thing Are they doing any we purchased where why is it showing? Whatever, uh, let's take a look at the stock I mean, yeah, I think it's probably a good buying opportunity if it keeps coming down Because I mean look at the company was trading $88 Prior to covet the company had never lost any sales compared to covet Um, right because this was one of those or this was one of those like you know where This is one of those like Anomalies where where the company actually made more money because of covet and and just because like You know, I feel like there's a new trend um That like a lot of people are on in america But i'm not on it yet because i'm on the big city But I feel like there's a lot of there's a lot of people going this new trend of like traveling the Visiting all 50 states. I remember that used to be a big thing at some point, man Like in the in the early 2000s or maybe it was the 2008 man when the market crashed Like back then I remember used to be a big trend as well where like people would travel america Um, they used to have like these books where like must visits in the in the in the 50 states and things like that um even um guy fear he he he would do like these uh these diner reveals Where diners and drive-ins or something? And he would just go to every state and try out like different diners and stuff So I feel like that used to be a big trend that kind of died out And it's coming back again. It's coming back again And and companies like these Benefit really well from it because yo, you know instead of like Going to like visit 50 states and and like renting hotels and stuff you can just drive in our video Same amount of costs give or take Just gotta wash your own clothes So good support in this range here Saw some resistance here prior to that Um, I could see the stock going down a little bit because they made the acquisition So a lot of times when they make acquisitions, um, sometimes that could You know that could um They could signal that they're they're having like low cash flow, which is fundamentally, you know, not a good thing But but obviously in their case, this is a good idea. It's a good concept. If investors like it, it should go up So we see some good support over here around 102 area um I don't know if we'll go that low to the 90s if we do go to the 90s probably in this lower range here But we did have money flow coming in the other day It is having a struggle over here at 109, which is a point of control Struggling to break that so if it can break that then it can break 113 If it can break 113 if in clear 113, that's it man next level Is uh is way above so Best case scenarios if it comes back to test it here and then just breaks through and then if it can break through there You know, um, it could break above next level Let's check out asan for Oh as and dropped a lot on earnings, huh? Let's check out that earnings What's a mango bubble? What do you think about spied tomorrow apple and microsoft has some nice volume at the end? Would that be the next leg up for spying qqq? It's possible. Um, I'll take a look at spy again a little bit. Give me a second So asana earnings per share is 23 cents negative 23 cents as opposed to negative 26. So that was actually a beat um Sales is a beat as well 32 increase compared to the same period last year and 70 70 percent increase in sales compared to last year Oh, yeah, what isn't this your favorite company? Fiat world what a drop So the ipo a little bit early this year or last year in the summer around 30 dollars, I guess Um, and they ran a lot there. They they they they ran from 30 dollars all the way to like 150 And even though they had a good earnings compared to you know last year It wasn't no way justifiable um In that sense like Let's say, you know, let's say the last two quarter that had over 100 increase in sales that would have put the company around 60s right now it's trading at 80 plus And they're not really making that much money. They're trading 37 times price of sales And the price of earnings is still negative. So there's no number here So it's it's still got a long way to go from profitability in in that sense yeah, last They're nowhere close to making 100% uh eps Um compared to year over year I don't even know how it got so overvalued man. How did it run so hard here? It's just manipulation at this point Check out the technicals though technical on the weekly chart looks like a big head and shoulder setup man So That's that would be the shoulder, right? This could be the head Um, if this was a head and shoulder setup, it would come back down right here set up this other shoulder That's a possibility You could find some support around here too. That was the point of control around 63s So that's why it kind of bounced a little bit over there Um, if we lose 63s next level is probably going to be 32s Let's check out spy a mango bubble Apple and Microsoft has some nice value at the end of the day Um, so that's the fangs They go get the fangs real quick Amazon's coming up against some support right here. I mean the resistance right here So if we break it we could move up further If we reject it we will come back down here again to the 3300s What about netflix? Netflix is about to come up to some resistance as well Google strong Microsoft is hitting point of control here too So a lot of stuff are hitting toward the point of control in the half day chart Um, so I think we can see a little bit more chop Um, instead of a Straight grind up. I mean if it if it breaks the the resistance It's going to you know move to the next level If it doesn't then you know, we're going to chop which means we can potentially come back down and just squiggly line So even spy is slowing down a little bit too So spy had point of control over here around 46468 ish or 4689 ish um And it it you know, it's holding the support a little bit It did break over it came back to test that and hold this area support So that's the only bullish thing about it testing that area for support On the daily chart, it does look like it can see continuation and get higher highs But on the half day chart, it's uh, it's iffy So pretty much tomorrow if it breaks under this low over here of 464 672 on 4 slash es Then it's going to break down to this next level if it if it you know Continue to move up and it doesn't break above. I mean it doesn't break under this level It's gonna possibly make new highs So those those are some some areas of possibility pretty much pretty much This is the area where it's gonna break or it's gonna go up There any other charts and stuff you guys want to check out? Let me take a look at some stuff actually Russell looks a little bit interesting here The Dow industrial is looking the same as spy too. It looks like you can chop back down a little bit oil though breaking out had a good bounce natural gas breaking down Yeah, the Russell's been chopping a lot man go futures Indecisive here Dollar index kind of breaking down This is good. If the dollar index starts breaking down then market could continue going up Lumber price flying man Facebook is also a resistance as well a little bit here on the half day chart Oled has some more room to go Roku Yeah, Roku had this really good partnership deal this morning. I think I posted it in the stock watchlist today So but you know, we always talk about Roku like if Roku has um has good news and stuff It could easily bounce $30 a day and we got $39 man. Holy smokes Good bounce off that support at $199. I think we talked about that last time right psychological level good bounce off support And we're getting that move up TTD moving back up as well Zendes Well Tesla had a strong bounce here Tesla apparently hit 970th all the day God damn. I missed it Hit 950 damn I missed it that sucked. Oh, didn't even move man. Got scam Got scam Had a butterfly on it, but it didn't even move mxpi Let me see What is this rb. Nickel? What ticker is that? price offering Probably dropped based off the price offering Dividend also coming up too Shopify is probably going to move to amazon tomorrow. So if amazon move up Shopify is probably going to move up Um, I mean but premium is also extremely expensive. It really depends, you know Um, what like what the level of his and stuff Could really go if it next level if it does continue this move Could easily hit 1644s What what call contracts do you have for Shopify? With uh Ukraine I mean with russia over Ukraine. So are you talking about um vat world? Draft king seeing some reversal to the upside Etsy, oh god Etsy had a good bounce totally missed that Damn Mikey hasn't really moved anywhere. I think like he is waiting on that lulu earnings To kind of set the set the direction Starbucks is up pretty good nice recovery Utilities are up today space Dave and buster is doing pretty good today Shake Shack seeing some recovery Mario and Mary international lift Starting to move back up hit the resistance a little bit coming back down Oh target to buy the dip Let me write this down I like target for tomorrow Tgt Might have to wait for the selling pressure to slow down a little bit, but it's going to be something I'll keep on watch Next support around 223s China market has been very bullish Alibaba fxi TSM looking a little bit bullish Asml as well. There's another semiconductor related stock VIX hasn't been pretty bearish Put the call ratios up a lot PLT Ten year treasuries down. They don't think that rates are going to go up Or maybe they are Just went through all the tickers on my watch list. It's pretty much it here for today Um, I'm gonna end it here. We'll be back here tomorrow to check out more stocks Um, I'm going to check out some of the other earnings like lulu cosco chewy um, avago We'll look at cosco real quick Damn cosco had a good bounce I was hoping to drop a little bit lower, but it doesn't look like it's going to happen Um, naturally for cosco. They usually always have a pretty decent earnings. So Almost every quarter has been earnings has been pretty good for them Either pretty flat or just a little bit But that's pretty much it for today guys. We'll be back here tomorrow. Thanks for stopping by and hanging out And have a good night