 Welcome to the show folks. This is Jacob Schup, fill in in for Tom O'Brien I'll be with you for the rest of the week You send me an email at jacobitTFNN.com the number is 877 9276648 if you want to talk to me, that's all right with me Take a look at the markets right now. We're kind of down a little bit He has many down about 1.29 percent Russell down about 2 percent and Q down 1.39 percent YM down about 0.89 percent the gold contract which ready at 1960 Really 1962 so some pretty fantastic movement for it today On some pretty substantial volume as well. So that's good for all the gold holders out there I was reading an article that Costco. I guess they sell little gold bars and they've been selling out of them Pretty quickly if you have I guess the more expensive Costco card get 2% back on purchases So like basically getting this gold for kind of a 2% discount, which is pretty neat silver trading at 22 96 Taking a look not the same amount of Not the exact same amount of emotion as gold has but on some pretty significant volume on the upside anyway Looking at a $25 price target for gold Look at a copper 358 contract that of course crude oil futures trading at 87 29 And this has really been what we've been seeing for the past Month essentially right in between this 81 to 90 area And everything is still moving along with the conflicts around the world. There is some talk that America might lift some of the embargoes on Venezuelan oil since they are promising to have a democratic election the next cycle If that's true, that will alleviate some of the pressure in the gold market excuse me in the in the oil market And I'll just be interesting from a geopolitical stance as well Bonds bring down a little bit today Tesla down about 5% You look a little bit more into that as we're going I still The people who love Tesla are so dedicated to it that I I do think we'll see this as an abiding opportunity They are very well influenced online by all the other, you know holders of Tesla and and and probably Some more institutional investors online as well still dynamics for trading down pretty hard today Now we're at 102 99 reaching that $100 Dollar target we've been trading in the like I've said 100 and 110 this range for quite a while as you can see Cracked down out of it with volume came back up to test that high again at the 110 And we're on the way back down to 100 So we'll take a look to see how that goes in the coming days the dollar is staying pretty consistent here and consolidating about this 106 59 area Obviously we have some traversal a little bit down, but we're not even getting close to cracking 105 and really you know 104 we wanted to move down so the rest of the market do a bit better But again, you know regarding gold and this kind of traditional Kind of inverse relation these two have gold still doing pretty well today QQQ's trading 363 55 Google 139 35 meta at 318 22 Disney back down at 84 83 and Apple at 176 19 we'll take a look we were talking a little bit yesterday about Nvidia Their stock was losing some ground Because the US had essentially closed a loophole In selling some of their chips to China what it happened is they essentially I guess rebranded the chips We're able to sell them to China This was a loophole that they found last November when this kind of like quote-unquote chip war started That's now closing and that's a pretty large driver of revenue For the video the reason why the US government's doing that is because I might indirectly Benefit the Chinese Military ASML is responsible for the lithography devices that make chips And they basically kind of like hold the key to all of this Now it did beat expectations But their Forecast was not so great So they're under equivalent about 523 a share on sales of seven dollars 26 excuse me 7.26 billion in the September quarter ASML reports financial results obviously in euros The analysts polled the ASML earnings about 492 a share on sales of seven point 19 billion in the years prior Obviously has gone up. It was 420 a share on sales 5.66 billion So essentially their CEO kind of came out and said that they might have flat sales next year This is a quote from him is a Peter Venink The semiconductor industry is currently working through the bottom of the chip cycle and our customers expect the inflection point To be visible by the end of this year Customers continue to be uncertain about the shape of the demand recovery in the industry where for Excuse me, we therefore expect 2024 to be a transition here So we can take a look here losing about 5% he added based on our current perspective We take a more conservative view and expect a revenue number similar to 2023 But we also look at 2024 is an important year to prepare for the significant growth that we expect for 2025 So on the short term you're seeing a basically like I said a bit of a flattening but ASML really does Just dominate in the lithography market, which will be you know necessary for chip development going forward Second here. Well take a look too. I want to talk a little bit about target because they've done You know, they've lost a lot this year and the question is you know kind of why right? So we look at it, you know Walmart has gone up quite a bit. I think the basically the consumers getting tightened a little bit there's a lot target also centers itself around a lot of discretionary spending and You know what that means is when you go in there's a lot of excess stuff to buy target It is really good when the middle class or you know, whatever can be considered the middle class is doing well too When it's not obviously these cheaper options such as Walmart come about and Walmart's been really good about kind of consolidating its market lines Or excuse me its product lines And and they've just been able to hold out a lot better Of course a lot of people are trying to say that target going down How to do with some politics earlier on in the year now, you know, probably that had Maybe a small amount to do on it But this is kind of a larger issue overall with target and the type of demographic That they seek to kind of cater to They're getting tightened a little bit So on the long term, I still think target is gonna kind of be down here I mean we're coming up from like, you know, this is a year today if we go to the yearly See here So I mean, you know, we're trading at least in February 181 and we're down at 110 right now That's pretty significant downward movement folks. Stay tuned. We'll be right back