 This looks kind of dope What's up guys? Happy Wednesday. So we got some earnings coming up. We got Facebook welcome Spotify Wow T-Mobile Yo Spotify usually reports like 3 a.m. Or 5 a.m. in the morning because they're they're European company Knowing that they're reporting after hours today. It's probably gonna be trash, man But it's gonna be some interesting earnings we got so we got Facebook Tomorrow we got Amazon and snapchat and the other the rest of the social media company. So let's check that out Yo, what's up guys, what's going on? AIMD was crazy today gave back some of the gains Hopefully that just that was just giving people buying opportunity How you guys like the new setup with your like your comments showing up on the side? What's up Mario? That's the Nate Darius. Are you guys doing? Qrvo, I think they're also a semiconductor company as well. They just reported Good earnings. I see earnings per share is 298 as opposed to 276 sales is 1.11 billion as opposed to 1.11 so pretty in line 3% decrease compared to last year and 1% increase in sales compared to last year Stock was trading a hundred and sixty six last year kind of cheap kind of cheap We could see a nice move here. Why why? Doc is so cheap. Why why? Qualcomm also came out as well. Let's check that out. Did we kill it? Yo, what's up cup of magic? How you doing? Chris Spotify dropping fast. Oh, we got to check out. We got to check out the Spotify What's going on kip? I'll go back to the big screen Let's check out Qualcomm. Let's see what they said. Oh, what the hell it went up and then it went down. What's going on? Q1 earnings per share $3.23 the estimate 301 Sales is 10.71 as opposed to 10.42 billion 48% increase compared to same period last year 30% increase in sales compared to last year Last year company was trading at some random price between 148 to 167 So kind of cheap compared to last year not gonna lie But let's show why it's pricing the downtrend. What's the Q2 looking like? The hell Great quarter man great guidance. I'm kind of like AMB Q2 They're looking to hold about $2.8 to $3 EPS as opposed to 2.49 Sales is 10.2 to 11 as opposed to 9.6 billion the great earnings man. What's going on here today? They just want to flop They think they're gonna make 700 billion in the next decade well, no obvious business outlook Split split split split split no split I'm just surfing real quick to see if they say anything about split or anything No split. Let's check out Facebook. Oh my gosh Jesus why Why? Why Zuckerberg? Why? Oh my gosh Oh Oh the greatest face palm right now. Oh stream ended bro. I'm out. Oh Why? Why? Oh My gosh Jesus bro, oh man, oh my gosh, oh My gosh, man There goes the bullish catalyst in the market One job bro one job man We just lost like I felt like from that we just lost all bullishness in the market um, you know yesterday we were probably pretty bullish And and now with this is just like it's over It's over man, you know, um Like I didn't buy anything I didn't play anything on facebook because I knew it was going to be wild You know, I didn't want to I didn't want to gamble on facebook because I already have excessive exposure You know, like I already have excessive exposure in the queue sector the tech sector in general So I had excessive exposure on the On the you know on the bullish side And and I didn't want to play facebook because I knew that if something didn't go right it was going to be bad for us um So I mean like I'm not directly hurt by facebook But I am indirectly hurt by facebook because I was you know, I flipped extremely bullish on the market and and like And this just killed all the bullish momentum So it's kind of it's kind of trash. I mean look at how much the smp 500 just dropped We went from you know clothes of 457 Right to 400 like we went from a close of 457 and 35 cents to a close of Like I mean to to at the hours of 454. That's a three point drop in the smp 500 That's a huge drop, you know, um, and this is like It's ridiculous, honestly It's ridiculous Like I mean like I saw us tagging the resistance at 326 today too Um, you know, like I could understand if facebook drops like 300. That's fine. Whatever, right? um, I think you know Overall everything will still be fine if they had dropped down to 300. That's a 20 point drop, but They you know, they they they're dropping almost 60 points. This is like the netflix level kind of dropped. So it's It's like it's taking things to like a whole nother level um But let's see. Let's see why this earnings is so trash, honestly earnings pressure is three dollars and 67 cents miss estimate of 384 Uh sales is 33.67 billion as opposed to 33.38. So they beat on sales Um earnings for sure was weak. They said that was a 5.4 decrease compared to the same pair last year in eps So, you know, they're they're missing on the margin side Uh, however, sales is still about 20 increase give or take Compared to the same pair last year their expense guidance Um, it's coming a little lower, which is good, right? 90 to 95 is supposed to 91 to 97 um I mean, they're saying good things. They're saying good things here You know, um monthly active users of users 2.91 billion up 4 percent year over year Um, daily active users up 5 percent year over year. So they're saying good things Let me show why they dropped It just scams This making me think amazon gonna tank their earnings. I hope not. I mean, I mean to a certain extent We know that amazon is gonna have their week is earning this quarter. We know that to a certain extent Um, but if they have a miss on top of this week quarter, too Like they're already priced in for a very very bad quarter And they said that before in their previous guidance But if they actually miss the back quarter that they're already priced in it's gonna be bad So revenue on a full year basis, right um year over year 2020 compared to 2021 37 increase Cost increase around around the same But at the end of the day net income was still like 35 increase So doing pretty good there on a year over year basis from 2020 to 2021 Why is this showing the same? They said they expect first first quarter of the total revenue to be in the range of um 27 to 29 billion Okay, so that that would kind of bring them to you know around Higher than last year by a little bit. They say between three to 11 percent year over year growth But it's going to be a weaker weaker quarter compared to the December quarter um They said they're they're expecting to be impacted by headwinds to both impression and price growth Okay, so they said there there are some factors that that can potentially impact their growth um from apple's ios change on all the social media companies a while back um the other change was from From people having lower budget for advertising And some headwind from fx rates, but that's usually not an issue most most of these major companies are able to hedge against that They probably ran out of um We purchase and power They do have a lot of free cash flow. It's over It's over man Jesus Let me see. What is the next support on facebook? Geez, where are we now after hour? We're at 260s So we got the pre-covid level over here Got the pre-covid level there. We have another double bottom over here 246 Yo, just get to 246 already at this point man Just do it Like I don't even know what you're waiting for anymore facebook. Just get there So just get there man I mean, this is really no I mean, there's a little bit level here, but honestly, there's really no no real level Um between here and and there so Like there's no real level between here Here to here So best case honestly as for facebook to come back to 245 246 range Um, and then you know, see if we can hold that level Uh for a reversal to the upside Believe it or not. I I closed my facebook put too. I actually closed a lot of put today I had some some spyly puts that I had open And I was looking in the market and I was like, man, I kind of closed them But the other thing that was kind of sussing me out today a little bit was um crypto Tommy actually caught this out. He was like, yo crypto dump and And like, you know, sometimes crypto be doing suss things right dump for no reason So Crypto actually had pretty good news and it had that big dump. It tried to back test this super trend line On the to trend line over here. It tried to super back test it And it kind of failed that back test And they also liquidated a lot of beers too on crypto So a lot of bearish players direct on crypto and then, you know, we back test We've been failing that back test and we were dumping here So I don't know at the rate things are going. I don't even think this line is going to hold no more This line is probably going to break um if that breaks potentially Potentially everything can break I mean, at least I sold a google's position I had yesterday That's the only good thing. That's the only good thing out of it The market has been pretty scammy though. Um, because we I don't know if you guys remember we had like these 440s for Netflix And and we needed Netflix to come back to like I think like for 40 levels for us to break even And we needed to get there by last Friday So obviously it didn't come we didn't get there last Friday. It got here like You know yesterday or today And then it's just kind of you know die die from there. It didn't even touch this major trend line on 469 as well It's probably what everybody was looking for everybody was probably looking for the gap fill And it didn't happen. So it just just scammed the market It kind of messed up. It's a lot of people probably got wrecked on that too Yeah, gg bro gg I see well, what are the earnings we have going on today? Look at qualcomm. Yeah, I think the whole the whole the earnings today has been extra bearish at the hours Probably with the exception of t-mobile but I think even like even this like bullishness on t-mobile is going to be done, you know Forget about it. Nice Very nice hot swing So you think my tqq options will be okay Oh, shoot, I have tqqqq shares man. They're probably down a lot. Let's check out spotify. You guys said spotify got beat up too What are they saying? It's okay. It's okay guys. We hold hands together Amazon earnings is later this week So amazon earnings on thursday It's okay. We ride together Spotify We're like chrysophy For reals So spotify they said they've been growing there are monthly active users premium subscribers are up ads supported monthly active users up like all these things are up actually revenue is up Um, they're having a good quarter here Probably not as great as expected. Maybe So they're growing like 16 percent year over year 50 percent 15 percent revenue grow year over year um I mean these are the markets so 418 oh um So monthly active user was uh 406 they expect to grow to 418 the next quarter So revenue this quarter was 2.68 Um next quarter they expect revenue to be a little bit weaker What's the flow? So they said like last quarter, um, they talked about like buying back shares And they bought some shares back so So they'll probably buy some more shares back Now that they're at $150 last time they bought shares it was at 222 So, I mean usually if if they have an authorization to buy back their own shares Um, and stock price dropped to a lower number. They're probably going to buy back more shares at this point So that's probably that's why they ran up a little bit last quarter too When they dropped they bought back the shares. So now they're dropping again. Um, Probably a next like VWAP or or a good moving average area They'll probably buy back more shares honestly a good support area Um, yeah, I mean, this is a pretty good support area 160s because this is at the tops of january 2020s I don't see why they wouldn't buy back shares So spotify spotify is actually going to be a little bit interesting here I think that this this 160 dollar area is actually going to be pretty good It's creating a nice buying opportunity. I mean worst case worst case Come back to these low low pre like low low covid lows um $111 I'll probably consider owning some shares even though i'm not crazy about the company Can you imagine if spotify came down to pre covid levels? I mean after covid levels Would you guys buy the dip if spotify came down here? I think mornings are probably the best time to exit on vix Who knows man? Who knows at this point? Yo, what's up fiat world? Yeah, facebook got murdered bro. We got murdered all of us got murdered. I don't know about you guys The market just gave up all the gains that it had from that v-shaped recovery today I don't know if it impacts spotify, but they have a bunch of artists leaving their platform over on some controversy Oh, yeah, I saw that over the weekend um Yeah, they spotify is gonna have to do something. I mean They're gonna have to decide like what's more worth it like, you know Like kicking off their number one podcast guy joe rogan or or like Or like or like losing all these other artists so it's I mean, it's gonna be tricky Yeah, we looked at the qualcomm earnings as well. It was a pretty good earnings honestly But market is just brutal. Everything's just down today with the exception of t-mobile but You know like Like if t-mobile is pretty ugly. I mean if if market is pretty ugly tomorrow I'm I'm probably I'm pretty sure that t-mobile is gonna get wrecked as well Snapchat down 20 percent for facebook er Yeah, that's all the social media company is gonna be wrecked Tough market today, man But you know, man, we kind of talked a little bit about this when when um when netflix Had the earnings during like our podcast episode in the in the mornings We talked about this like a little while back Um about how like netflix started was like netflix was the first one to start the earnings, right? For the whole sector as like a whole tech sector I don't know if you guys remember and And netflix had a really really bad earnings So, you know, we were joking about how like that could potentially set the tone for the for the entire market because you know like if That's how it is usually And and as you can see like throughout, um Throughout like I don't have any shares on Spotify right now, by the way So and then throughout the quarter we saw like everything from like microsoft to apple and all these other, you know, big tech report And you know, netflix, I mean netflix kind of killed it for for everybody else And then microsoft was pretty ugly as well. You know, they didn't really move much Um, I think apple was the only one that moved a little bit So added some bullishness to the market, but overall things just kept, you know getting smacked down Um, and then yesterday, you know, we had the um Yesterday we had the really good crazy earnings from google, right? Even though I wasn't that favorable. I don't know if you I don't know how many you guys stayed to the end of the stream yesterday Um, I was actually not that crazy about the google Earnings because of the like people said it was good growth And and it was reasonable growth for the stock also appreciated a lot as well And and you know, we're like an evaluation We obsessed throughout the whole market So I wasn't too crazy about the google, but hey, you know, they announced stock split It was hard not to be bullish about it, right? But then they also did some some silly things. They said, yo, we're gonna we announced the stock split But we're not gonna do the stock split till like july like from now to july like dude Right now it's february Like when is july dude? You know, like Like that's like one Three four five That's like five six months on that, right? Um And like who knows man. I might not even make it to my birthday in july. I might not even I might not even live that long Who knows what's gonna happen? So nobody knows So I I didn't like that. I didn't like that about the the google earnings Oh peep 1112 thanks for subbing yesterday, man. Sorry if I missed this I think it's got moe as an investing point Very much. What was this? Yeah, we all got mutilated facts. We did we did In my opinion spotify would be killed by amazon youtube. They need to innovate in order to compute the big giants Yeah, I agree. I'm not too crazy about spotify Um, I think the best thing they have is there is their their podcast And the engagement from that, you know for the longest time spotify wasn't even making money And they didn't even you know start they didn't even start doing ads until like late last year or something like that um, and then now me now youtube is Coming pretty hard with the youtube music But you know known google man, if it's not making but low of money, they might not care enough about it So um, so I really don't see much competition from google and then amazon is like iffy Like yes people that have amazon alexa will probably use the music But then for everybody else that don't have it They they might not use the the app because the amazon interface the amazon's user interface Has not been friendly, man Even the shopping app is not like super great You guys ever try to share something that you want to buy in amazon with somebody else? It's so glitchy Nice. Good job, man. Good job hedging possibly Wow ballsy px1 ballsy I like it. I know Sorry to hear that sucks Yo for reals Fake split Like you know what that tells me yo like if they if they think they're gonna if if they announce the split now Right, usually when the company announces a split they announce the split Um, and the completion before the next quarter comes right and look at google. Let me show you guys something Let me show you guys the The derish thesis right um Don't hate me though So the split is going to be in july, right? So they're going to have another quarter in in april And then they're going to have a quarter after that in late july now The only reason that I can think of google announcing the split right now As opposed to announcing the split um In like in april is because they probably know They're because I mean like like yo google is a ai company, right? They're mass smart They should know these things probably they probably already have great projections They probably know That that you know, they're not going to have a better quarter next quarter than this quarter Possibly and and because of that they're not announcing the split that quarter That's typically most companies when they announce a stock split They want to announce it on a great quarter, you know, that's usually when they want to do it They they usually announce it when when they're having a really really phenomenal quarter And if they're announcing this quarter as opposed to next quarter Then they're probably pricing in the fact that this is probably going to be one of the best quarters. They'll they'll have in a while So So I don't know I don't know That's the theory on that Because I've never seen a company announce a stock split so far out, dude never Not apple I mean apple had a great split, but they never announced it like super duper far out like that Like five six months, man All these apps have probably tried man thing UI designers are probably the most like useful people in the space, I guess and there's just not enough of them Ravi Luckily I saw all my calls and Man lucky bro. Congratulations What's up with paypal? What are we looking at? There goes the market It's not that bad Come on, man. You're gonna tell me to look at something make sure it's down 10% What's up cg2k? My space to cry facebook What's up drunk for reals at this point? Yo, maybe the earnings call. Whoa. Whoa. We cover They're going to get a lot of avenue from travel We took a look at it earlier today already. It was it was it was a decent earnings. Um It was reasonable. All right, let's check out the other earnings MCK Pretty flat after hours what they say earnings per share is 615 b estimate of 542 sales of 68.6 as opposed to 66.9 33 increase compared to the same period last year company trained 183 9 increase in sales compared to last year Stock split stock split So this company Delivers drugs and stuff Distributions of supply and things like that They think they're going to have another 37 to 39 growth for 2022 And they're excluding the impact of the above item Over here Oh, wow So they're not even counting their like They're the impacts from From the COVID stuff that they could potentially be making money from Or so they said 10% increase in revenue compared to last year They shipped a bunch of vaccines Nothing crazy there Pretty strong guidance for 2022 Much higher than estimate there RYN Meta Merck We're gonna we're gonna need bill Ackman to come out and and say that he bought the dip on facebook at this point too If bill Ackman doesn't come out and and say that he bought the dip on on facebook, it's over It's over itchy butt hole Oh man Um, yeah, we went over a quack on a little bit. They had a decent earnings reasonable earnings, but it dropped with the market Um, everything kind of dropped after hours today. Oh, actually we cover we cover a lot of the drop I guess people had a chance to go through it Um to go through and stuff So they they had a pretty reasonable earnings, you know They're trading below last year's price. They're making more money Um, they having good growth quarter over quarter year over year So, you know 30 40 growth and the stock price, you know, it's trading like Much like pretty close to last year's price Met life also reported earnings today as well AMD get a bad AMD had a good earnings yesterday Um, but I think I think With everything going down today, it's gonna be iffy Met life also reported Q4 earnings earnings for sure is $2.01 as opposed to 147 Um, 99 cents decrease compared to the same period last year Let's feel it real quick What's going on with my space? Is my space even around still? I remember the last time I heard about it. It was um Justin Timberlake Or somebody was invested in it I could be wrong Yo, you know what was sus about facebook though? You guys want to see something sus? Oh, this this thing is not opening up Let me see let me show you I saw this other day that I thought it was kind of sus about facebook Look at these sales She's been unloading like hardcore. Yo, it's just unloading Second verse like i'm the first one out. Let me unload first So, you know You're like, let me unload So you go And he's like now that i'm done you guys may you may proceed You know, and then they go like And then these are the people that are waiting online. They exercise the option to get the shares So now they're waiting so low. They're gonna go So I'm just fighting you guys man just kidding around But um this guy actually did unloaded some shares So he exercised the options here and started to unload here But actually, uh, she's not even unloading that much here. It's just a little bit I was just messing with you guys, man. I was just messing with you guys. She's not actually unloading that much um, I remember Twitter CEO used to do that a lot Uh, I don't know if he still did jack dorsi He used to like sell like every quarter or something every month like jack used to sell every month Um, and he would say it was just because he needed a source of income But this was like back then. I don't think he's I don't think he has much anymore Thank you. That's pretty much all the big earnings we have for today, right? Um, amazon is not today amazon is tomorrow So, you know, we kind of went over spot a fight. Oh, did we not I don't I didn't see a line Let me see It's a dental company. Yeah, it's a dental company. Oh, they dropped two So a line q4 earnings per share was two dollars and 83 cents Supposed to 273 That's a beat on the on the margin side sales is 1.03 billion that's supposed to 1.02 8% increase compared to the same period last year 23% increase in sales compared to last year um trading pretty below pretty far below last year's prices Two year basis Actually ran up a lot. So they're not seeing much growth compared to last year um But on the two year basis the stock he has grown almost 100 percent Stock split stock split. Hmm. They said 2021 was the record year for them Four year in net revenue was four billion operating margin was 24.7 They were on the high end of guidance guidance um Wow, but if there's a line case shipments are Are slowing down a little bit. Um Quarter over quarter is is uh negative 3.7 percent year over year is 11 percent Revenue is up pretty good still That income up about 20 percent there They said they still have a lot of money left over to buy back their stocks I wonder if more people are getting their teeth done After covet as opposed to prior to covet Cause like they're not going to see nobody and stuff anymore What is su? Did you look at hg and c the other day? Yeah, I did look at it a little bit. Um, they had a good earnings They're paying a huge dividend. So that's pricing down the value of that company So it's like a re it or a mortgage company anything So a mortgage type company Everything metaverse related dumping on facebook. Yeah Yeah Conference call man. They're gonna have to sound really bullish He has only see the chart for for facebook. Yeah, we lost the band too. We broke out of the band 200 moving average is around 230s so Honestly, just just get to that just to get the get to the area man. Just get to that 223 area Yeah, big haircut brutal Wait, did we hit 245? Oh, we did We hit 244 Oh, I didn't even realize that I think when I first drew this line, it wasn't there yet, right? Oh, yeah, it definitely wasn't there when I first drew it Um, because I remember it was like it was at a higher level Because they didn't drop 20 plus plus percent yet So this is a good area to bounce. Yeah, this was Is that is that where you got in? Um Px1r at that support line right there Where is this tech money going? Who knows where the tech money is going? Yo Yeah, might might not be a bad idea. Maybe to get some leaps I mean if we lose this 245 area The next area of real support is probably further down at like 220s, right? Um, this is like pre-covid tops. This is like January 2020 levels I actually have a I have a pretty big bet on the the fangs today and It's getting pretty brutal. I mean, I guess that's what we got. That's I mean, that's what we get. I guess, you know for for like For um, you know for this huge run up I guess that's that's what we're getting getting punished Because we ran up so much, right? Um from like the last few days to to like Monday We we had a crazy ape run and that's usually how How they trap people too like when you have such a crazy ape run That's how usually most people get trapped because everybody is start coming in and going like Bye bye bye bye. Bye, you know when it's already up like a thousand percent Geez The Russell's been weak too as well Um, let me turn off the bands So tomorrow's gonna be an interesting area. We're gonna back us At this point. We're gonna back test that break over Actually Q's already back test The Q's already back testing the the move here So if spy doesn't hold whether we had 453 at the hours So tomorrow we we need spy to kind of hold that 450 area If we back test that 450 range and we don't hold it Then we're probably gonna come back for another move down What was the market outlook I posed this this week? Let me see Did I see this move and I forget it? Let me go check with myself What's up guys, it's your boy double seven Wall Street 4 a.m. January 31st Let's look at the market We have four charts here. We've got S&P 500 We have the QQQ tech sector Financial sector Looking at the spy sector We actually got a pretty good phone on Friday and market was looking pretty bold Yeah, it gets a little weird. I listen to myself sometimes Is it weird for you guys too? Which is a typically pretty bold signal because that was a low That was above the low of the previous week So we were able to pull it off that Hahaha Dang all the frame As well because we have Bunch more and then in addition to that we have Facebook Google and Amazon They didn't get Always pray for that Looking at the Qs We could potentially get a reversal follow up just like it did spy And you know coming back to this move to the 60 In fact, that's that could be a good A6 profit Probably 345, 360 And that's probably where if we're walking in If we get a move there And then On the management sector side Where we had a good move and a good bounce last week Um Yo, I play myself. So I just I just listened to like the first part of it. I just realized I played myself, man Let me show you guys show you guys How does this the chart? So look I literally drew the financial sector coming back to this 39 and 60 dollar area and we hit it We hit it, right? Um, that was where I was expecting to take profit and then spy I was like, yo, if we get to 455 take profit, you know I told myself that the plan for this week was that if we hit 455 to take profit And then and then google came out with the stock split and just kind of Kind of like destroy my whole plan, you know, like I mean not not necessarily destroy the plan like the plan is still there But it just destroyed my whole mindset of taking profit at 455 Because I already took profit around like 450 ish And I had some profit left over to take at 455 and instead of taking profit I actually added some some bullish positions Um for that google play So kind of play myself a little bit there when I should have been taking profit. Dang Dave ass Well facebook poll 450. I mean 240 tomorrow. Well, let's see. Um, I drew some major supports, right? Think 245 is a major support there. We need to hold that position. Actually if we go on the 245 Next major level. I would look to buy the dip a dollar cost average was probably 223 ish So, you know, um, that that's pretty much it But that's it guys. I'm gonna end it here. We'll be back. We'll be back. Um Tomorrow hopefully hopefully amazon pull something out of their butt and and kind of carry us at this point That's like amazon is pretty much our last like A last hope at this point. It's the last stand. Yo, it's the last stand boys We either gonna die Like either we're gonna get a repeat of the of the february crash of 2020 Are we coming back? Well, that's pretty much it guys take care and have a good night. Don't cry too much Good luck