 My name is Prince Dykes, and this is the Prince of Investment coming to you guys and girls live all the way from a beautiful city and state of Haluahua, Hawaii, via Denver, Colorado. As you are tuning in, don't forget to hit that like, subscribe, comment, and share button, wherever you may be catching this ad across the globe, and if you better catching this live right now in Hawaii, or if you're catching the playback on YouTube, Facebook, all of the great stuff. But as always, ladies and gentlemen, I don't have a lot of time, and I definitely know you guys and girls don't have a lot of time, so we're gonna jump straight into it. So today, we got a very, very interesting topic. We're gonna talk about, we all know what's been going on around the globe. We've been experiencing a pandemic, and it seemed like we just left a pandemic, jumped right into civil unrest, with riots going on around the country, and what's kind of left us economically in questions of who's gonna make it, what's gonna make it, who's not gonna make it or whatnot. We've seen companies like Costco's, who started a boom, Home Depot started a boom. We've seen companies like Zoom come out of nowhere and start to zoom up the market, but we've seen classic companies that we grew up, restaurants that we grew up going to every day, started to almost barely hold on. Like a company like Hertz, who would have thought a rental car company would disappear within a matter of months, or potentially disappear in a matter of months, and a company like Zoom online is worth more than all of our airlines combined according to market capitalization. That's a very, very crazy world. So today's episode, we're gonna talk about what are some of the industries that got hit hard by the pandemic, what are some industries that are gonna survive, some industries that are gonna survive, and some industries that are just downright gonna die. But I had to bring on our Uncle James here. He's coming all the way. He's out there in Wall Street, close to Wall Street or whatnot. Had to bring on a Wall Street veteran. You guys and girls, if you tune into the show, you already know Uncle James. He's always a friend of the show. He's a regular here. He's a good contributor, a good friend of mine, good mentor of mine as well. And what I further do, James, how's it going, sir? Hey, how are you glad to be back? Oh, thanks for coming back. Now, I know you're usually bullish. You're bullish, James. You know, last year, you said the market was gonna be a great year in the market. It started out a little shaky, but it turned out to be pretty good. Then 2020 came, and then it just seems like everything just lit on fire, everything that can go wrong. It's an election year. We're in the middle of a pandemic slash civil unrest. The police is talking about, they're talking about defunding the police. What is going on? So what are some industries, James? You gotta say, what do you gotta say out there? What are some industries? Let's start off with industries that are probably gonna disappear. Who do you think is gonna disappear and not come back? Cause some of these jobs aren't gonna come back. Who do you say? What do you gotta say, James? Well, I look at it a little different. I think it's not so much disappear. I think there's gonna be a big transition. I think things are gonna change. And a lot of it, maybe for the better, and some of those changes were already underway to begin with. Like a lot of people were talking about brick and mortar retail was kind of disappearing anyway, because of the birth of Amazon and all this online shopping. I think the coronavirus as well as the unrest may have speeded that up in some ways, but now there's a little battle of what I call bricks versus clicks. And what's happened is because people have been locked up in their houses for three months. Now as the stores open up, what I've noticed is a lot of places, stores are very busy. Not cause you can't buy this stuff online cause people wanna go out and socialize. And it's an excuse to get out and shop. And a lot of high end department stores in the old days like Bloomingdale's and things, they catered to that. The customers would come in there. They could shop anywhere, but they would come there because they wanted to socialize. They knew the sales people. They wanted to talk to people. They wanted to get a cup of coffee or something. And they'd spend the day in like a bits around and talk to everybody and buy a lot of stuff. And I think so, you're seeing that battle is heated up again. And I think in retail, we're gonna probably see a big fallout. I would say all you're gonna have left on the bricks and mortar side are probably really high end stores or very high, very specialty stores where like their destination stores, like it's the only place you can go. So you've gotta go there to do it. And then on the very low end, those like 99 cent stores and things like that, I think you're gonna have those. And of course, some of the big mega, like the targets and the Walmart's and stuff. Yeah. But I think some of these big stores- That's a question, James. Yeah. We think a lot of Barnes & Noble, we think Barnes & Noble will make it through. Oh, I wish they would. I wish there were more bookstores actually. I think that's one of the biggest. That's one of the greatest crimes of our time that people don't read enough. I don't know. I think for a store like Barnes & Noble to do it, what they'd really gotta do is whoop up, even have more authors in there. And they'd have to work on their business model. Like when I go there, I say, this isn't almost. There's, they were hot for a long time. Things have changed. It's really easy, obviously, to buy books online. So what did they gotta do to change? And I think they need more interactivity in those stores. They need more authors to come in. They need regular customers who write a book and go, this guy bought books here. Now he wrote a book and we're gonna host his book. They need to like do those kind of things. They need to have Prince Dike to the stores. Would you tell him? Yeah. Oh, absolutely, absolutely. I know a few authors, so you would be my first recommendation. But anyway, let's like run down a little bit. So remember early on when the COVID started, people went crazy over the supply chain. They said, oh, no, everything's made in China. What's gonna happen? The supply chain is gonna be a mess. Well, I think like many things about COVID, the hype over the destruction of the supply chain, whoops, was probably overdone. It was like highly overdone. However, it has led to some interesting things. For example, when I need a new mask, right? Why do I have to buy it from China? Why can't I just get one made in Ohio? Like, why is this? So I think there's a couple of wrenches have been thrown in this big globalization effort. And I think you're gonna see the return of a lot of localization for some production. The other thing you're gonna see is I, again, and I've been a big fan of this industry for years, but it never quite takes off, is 3D printing. I think this 3D thing, I think people are gonna have big 3D printers in their basement and they're gonna make parts for cars and it's gonna be like in the old days, you used to work in your garage and you changed oil for people to make money on the side. I think this is gonna turn, there's gonna be a whole sort of cottage industry using 3D printing. And I think, I've been saying this since before Netscape was around. So I've been like hot on this thing and it's one of those things that's like it hasn't quite happened. But this is another one of those industries where a lot of people are looking around and going, this really should be a lot farther along than it is. Okay, well, James, let me, I know you just spoke about 3D printing. I wanna paraphrase this because I wanna make sure we zoom in on this. What companies are benefiting from the COVID-19? Well, this is where we're gonna get it. This is where, my next was biotech. And biotech has always been an interesting industry. It's very hard to invest because generally in the past, you had to be like a chicken sitting on an egg. You sit on that stock, you sit on it, sit on it, sit on it. They have some big, huge news breaks out. The stock shoots up and you gotta sell it right away. And that's how you'd make money off these things over the years. Eventually there were a few like Amgen and like Genentech in the old days and a bunch of stuff like that where periodically they've had these huge rallies and you could trade them for a while. I think biotech is sort of what I would call is like the next big industry. It's gonna be the new Facebook, Google, Amazon. It's gonna be in there. And I think there's a bunch of companies that even if you look at the charts now, they're like Zoom and I would say, like if you just go biotech right on, like what is it? I'll just give you the symbols. REGN, Gilead Scientific has always been one of my fair for a long time. That's, what is that? G, let me just see, I wrote these down. Gilead, then another one you might wanna look at which is like, this one I haven't really heard of but I noticed the chart looked kinda cool is Invio, which is INO is a symbol. And then- But James, why the biotech industry? Why are you getting so bullied? Because this is what's going on. We have this crazy COVID and at the end of the day a lot of the stuff was hyped over the death toll. But if you really look at it, what did COVID teach us? Right now I'm reading a book about Alexander Hamilton and in like 1793, there was a malaria outbreak. I think it was malaria or yellow fever in Philadelphia. And what did they do? People abandoned the city, they blocked off areas, they isolated people, they quarantined people. They did all this, people who were there weren't allowed to travel anywhere else. There was, it's all the same stuff. So you mean to tell me for 200 years we're still dealing with this stuff the same way? We're still, we're still hiding at home, we're quarantining people, we're locking things down, we're like doing, we're still, so we need biotech to address a lot of issues. One would be, the big thing would be anybody research. So in other words, you'd know right away if somebody had it, were they immune to it. That's probably the first and foremost. The second thing is testing. We need to be able to test really quickly so we can track things. We need to be able to deploy that test. The third thing is gonna be like watches and stuff. Like you already probably have an Apple watch that tells you how many steps you took and stuff like that. We're gonna need on our watch, they're gonna have to add in, oh my temperature is a little high, maybe I'm getting sick, maybe I'm sweating too much, maybe I have COVID, maybe I have the flu, maybe I, you know, who knows, maybe my heart isn't working right. So we're gonna need more that, then we also need home tests. Cause you know what? I don't wanna wait the line anywhere, I don't wait the line anyway. I'm old fashioned, I don't wait online, period. The only time I'd probably wait online is if I went to the cash machine and money was just coming out of it, nonstop. But I might wait online for that, but other than that, no. And so I'm one of those people, I see a line, I just go somewhere else. And in fact, I'm so bad with lines in the old days when I was a kid and I used to go to nightclubs, I used to go really early and I'd be the first one there just so I didn't have to wait online. And I know it wasn't cool, but I didn't wanna wait online. So what do you gotta do now? Now we want home testing. We wanna be able to test all these things at home and follow up. So why can't we do a COVID test at home? Send it, maybe do a follow up, maybe do all these things to give data. Now the other scary thing that's going on is Apple and Google are now putting all kinds of trackers in our phones. So if I gave you COVID and we hung out, my phone might know that, that I got sick and it would text your phone or send a message and then your phone would send a message to everybody you talked to that would, you know, that you might have so you can trace everybody so you could follow it up. To me, that kind of stuff is kind of spooky because they always say the data is secure. It's never secure. It's always being looked at or manipulated by somebody. So biotech is like a big, is a big thing. The other one, the fourth one or fifth one is Moderna, which is MRNA. They're pretty close to having a vaccine for COVID-19. At least they've been pushing it. And that's a Spanish one. And so a lot of these have either some kind of vaccine or some kind of therapeutic that after once you get sick, then you can take this drug and it will make you feel better. Kind of like, you know, you take Tamiflu if you have the flu or whatever or you take aspirin if you have a headache. You know, it's like a therapeutic thing. Now, the next thing that's a big deal and you may have seen this a little bit, I don't know though, is a lot of people were working from home. So, but I think this is a permanent change. I think this is going to impact commuting. I think commuting is going to come back, but not as much because more and more people are going to go into work. Maybe they're going to go into work three days a week instead of five. I think then- I got a question for you, right? Yeah, go ahead. You just, you know, you kind of shook me with this one with the bio check. I wasn't thinking you were going to come with this one. Oh God, we have time. But what we're going to do, we're going to go into a break and we're going to come out of the break and after this break, we're going to talk about the exact companies you name and we're also going to touch on, I want to get your take on companies like Uber, but we're going to talk about that after the break. We're going to take a break and we'll be right back. Aloha, I'm Keisha King, host of Crossroads in Learning on Think Tech Hawaii. On Crossroads in Learning, our guests and I discuss all aspects of education here in Hawaii and throughout the country. You can join us for stimulating conversations to enrich and liven and educate. We are streamed live on Think Tech bi-weekly at 4 p.m. on Mondays. Thanks so much for watching our show. We look forward to seeing you then. Aloha. Ladies and gentlemen, we're back. We're going to talk about the different sectors. We got our guests on. He brought up a very good point about biotech. How the biotech industry, he's very strong in that. He made a pretty good strong conviction about, hey, with the coronavirus and COVID-19, people will start to look at the pandemic. The market totally different. How it will make a demand in the biotech industry. Now, we know to invest into the biotech industry, there's several ways you can do it. You can probably purchase an ETF, maybe a mutual fund, or you can buy direct companies. So first, we're going to ask him, how would he invest in the biotech? And then he made a good point where he said that, hey, people are not going to be transporting, moving around as much as they used to. I want to get in there and ask him about those raw shares. But first off, James, how would you invest into the biotech industry? Would you get that ETF, or would you pick particular companies? And if you did, why? Well, frankly, I would pick some. I would go directly for some companies. I just, I feel better with that. ETFs are cool. I think they're a good option, especially if you don't want to focus, it lowers your risk, because you buy a lot more companies, you diversify, right? What I be careful with with biotechs is they're traditionally very hot and cold. And you don't buy them like, if you're looking for earnings growth or things like that, this is not the industry for you. These things get hot and cold. And by the time you find out that drug doesn't really work, the stock went from 200 to a nickel. And you're just like, you're still drinking your coffee and you're like, what just happened? And then you find out 20 minutes later that their trial was a failure and the stock blew up. So you have to be patient. And if you make big profits on it, you've got to be prepared to take your money and run. And also if you get a hit and you do a bullseye, and it works really well, don't think you're going to replicate it. You have to be real. It's not like they just work, it's a lot more, we used to call them story stocks. You got to look for the cool thing. What are they trying to do? Is it a product that there's a market for? Is there a big need? Blah, blah, blah, blah, blah. Is it the right price? And boom. And then the other thing that happens is often they do hit and then some big drug company like Pfizer or Merck comes along and buys them. So that's another way you can make money. So you have to be, this is, I would say there's a lot more risk in biotechs than you even realize. They're really on air with a lot of these. So I would just generally recommend people to just be cautious with them. Now, well, the companies that you did pick, you did select, why did you pick them? Well, they're all working on something for COVID right now. And then what I did was basically I just rattle off, what are all the biotechs working on COVID? And then I charted them all. And the first, the fives that I named all had pretty cool charts. And I was like, okay, that's cool. Now, what do you say a pretty cool chart? Where's the pretty cool chart? I'm looking for, you know, I've been doing this a long time. So sometimes it's hard to explain, but I traditionally learn the Elliott wave. And so I'm looking for like, stocks kind of when they're going, they kind of have this like, they make like three moves up and two down, three moves up and two down. And there's a lot of chart patterns, like there's certain like W's or formations. We all hear about it like when you first trade stocks, you hear about double tops and things like that. There's like inverse triangles. And there's like, there's certain patterns I look for that historically when I've gotten into those patterns, I always made money. So if it's got the mojo, if it's got a good story and a good chart, then I'm almost back to the old internet days where if you buy the stock, if it has a cool name and a cool symbol and it doesn't make money or do anything, you just, as soon as it makes money or anybody figures out what the company actually does, you sell it. So that's like, so biotechs kind of, they work on what we used to call the Hopi-Hopi. Like they kind of run on and they can, the air can come out of them so fast, you won't even believe it. You'll be like, whoa, like you can see $100 stock go to $2 in like a couple of days, like really fast. Now I got to answer this question. You made a good point before it went into the break. And you know, I'm on the Uber train right now. Right. I think that they can figure it out. I think they can work it out. They're the number one in the industry and I want to go into that. But you said that people won't be traveling as much. What do you think is going to happen? How will people travel and what you think is going to be happening? Okay, so let's get back to, let's get back first, people are going to work from home. I think this is a permanent change and it's something that people have been talking about for years. So what does that mean? Well, it means we're going to need a lot of technology for people to be able to do that. And one of the big problems for me is bandwidth because we're still, we still have this problem where even though we have this, we have all this fiber optic cable, that last mile to your house is still for most people is too slow. So how is that going to be addressed? And I also found a bunch of sort of what I would call telecom equipment companies that I think are kind of nifty to buy. So they're kind of doing those kinds of things. Now this brings up Uber. So now you have people working from home and in generally up till COVID and COVID showed how this was an issue. Over the last 10 years, because of the internet and because of all this interconnectivity, more and more this thing called the gig economy has come up and Uber is one of those things. Airbnb is one of those things. But there's a lot of small things. Like for example, I do consulting for Nespresso. Nespresso is really a gig job. They pay me by the day and by the piece and they give me a schedule and sometimes I don't work at all and sometimes I work a whole bunch. And depending on what they want me to do, I'm not an employee of Nespresso. So what the problem is is when we don't work for three months, somebody like me could not collect unemployment because of that job, right? But so now you have, so you have employees, those are people who work for a company. You have what we used to call freelance people who are kind of like consultants and stuff who come in who don't have those. Well, now you have this hybrid because there's a lot of people, like for example, the tour guide business in New York, New York state said tour guides can file for unemployment even though it's fundamentally a gig job. Now, I've had- Now are tour guides paid depending on how many people show up for the gig? I mean, how many people to give a tour to or is it salary? Is it kind of- It's in many different ways. Usually it could be salary but most of them get paid a fairly significant hourly wage plus tips. And so obviously, if you have more people on the tour, you get a lot more, you make a lot more money. And yeah, the tips can be just, it can be really, I wouldn't be doing, I mean, it can be beautiful. And then of course you have other things. So if you can do, for example, I take a school group, you bring a school group up from Georgia from your hometown and we do a Wall Street tour. And then what we're gonna do with that group is we're gonna have them play something called the trading game. And I'm gonna teach them all how to trade like Wall Street professionals in five minutes. So guess what? I'm gonna get paid for the tour. I'm gonna get extra money for the trading game. And because you're a school, I'm probably gonna get a tip built into the payment. So I'll get three times. So you can do, so it can be, it's kind of a fun, you know, it can be kind of fun. But anyway, it's a gig job. So what's happening? Now, as you see in some states like California are passing laws that say, no, all those drivers for Uber actually work for the company. Now, frankly, I work corporate because I worked on Wall Street for a while and I'm not really good at it. So I didn't wanna, that's why I didn't wanna go, once I got out of it, I decided I just can't go, I gotta do something else. I just, it doesn't work for me. But so now you have, because COVID laid bare, you had tons of small, really super small businesses, like one or two man businesses. You had all these gig workers, like me, who got laid off now, who aren't working for three whole months and we can't really collect anything. So we're kind of hung out to dry here. And if you know your economic sense, you know, most of the jobs are created by small businesses. And those are, you know, particularly in states like New Jersey and New York and for a while Connecticut and Pennsylvania, there was a total lockdown. So, you know, we didn't get, Philly Faces hasn't been operational for three months. That's a company owned in Philadelphia. We didn't get unemployment, we didn't get anything and it's too small to get all this other benefits. PPP, awesome. Yeah, all that stuff. So we're, you know, we're on a limb sawing the wrong way, you know, we're sitting out there like, we're like, you know, we're out on the street with a cop, you know, but we can't do that because there was social unrest. So we have to hide now as we can even do that anymore, right? So I think also what's gonna happen is you're gonna have a new third class of sort of quasi employee, maybe non employee, whatever, who's gonna, like you're gonna have a new classification. So you're gonna still have freelance, which is gonna be like your traditional gig workers. You're gonna have employees and then you're gonna have this hybrid thing that probably could qualify for, because this laid bare, I mean, who can go three months and not get paid? It's almost impossible. So it's, you know, I mean, no matter who you are, it's almost impossible. Well, I mean, it's a question, Joe James, do you think that Uber would thrive in the future in its society? Well, I think then you bring up. So people are working from home. So now I'm working from home and I'm gonna use a lot more services that I may not have otherwise use. Like, so I may order in food all the time or even order my groceries because I'm home and it saves me time. I might Uber around instead of how I won't need a car, maybe I don't need a car anymore and I'll just Uber whenever I need something. And so I- I did see someone, to reiterate on that, I did see someone I talk about that, that they think that one day that the world of personal cars is gonna go away. Can you see that? Well, it's a, first of all, it's as much as I love cars, they're a huge waste of money. It's an enormous waste of money. They're a terrible investment. They're like the worst possible thing to spend money on. If you wanna get rich in life, drive a beater car as long as you can. Then put off buying a new car as long as possible. It's just a huge, it's just a, from a financial standpoint, it's a monumental rip-off. Now don't get me wrong, I love to drive a beautiful car and I love antique cars. So they're even worse because they're whole money pits. You can't even drive down the driveway without something breaking. Everything costs tons of money and it takes forever to fix. So that could be. But then there's other issues, like what about all the stuff we're using from home? Like now we're using Zoom. Well, this is pretty cool because this is really the two of us, but I've been on some pretty bad Zoom meetings where there's like a cat sitting on a, like a dog sitting in front or people put pictures of themselves up so you'd think they're on the call and they're not. They're like in the background cooking or something. It's just bad. And so, you know, we have, I think a lot of people are zoomed out. Now I'm not a meeting person. The only time, to me, the only time to ever do meetings is with a potential client. Any other meetings are totally a waste of time and they always have been. It's not a new thing. I just, I think that's one of the reasons I'm not corporate. Like I just think all meetings are a waste of time. We got a question here that says, yes, work at home, but who is going to be on top? Zoom? Oh, all the work at home people. Google meeting, Microsoft, Cisco. You know, you got Cisco, WebEx, Google Me, Microsoft. Skype was kind of in the game, but Microsoft on Skype and Zoom. Who do you think is going to do it when they're working on the game? Zoom got a big break at the beginning, but there's a lot of security issues about Zoom. And it's almost scary if you really pay a lot of attention to stuff like that. So, you know, I think there's going to be different systems. Just like, I don't think Zoom put Skype out of business. Skype is just different. It's like FaceTime, right? It's like a different, it's like different. And I think there's going to be a lot of different applications now and there's going to be a lot of people creating applications because people are going to work from home. Maybe they're going to commute in two or three times into the big city. Maybe they can move all the way out to Wyoming and you could still think I'm like, I live in big sky country, but you could think I work in New York because I have a cool background like you. I have the New York Stock Exchange. I just press the button. And even though I'm on a cattle ranch in the middle of Wyoming with a satellite dish, I may be able to work like that. It might be, that may become the norm. So then there's a couple other things. There's like, then that also brings up education because a lot of schools have gotten into remote learning because of COVID. So the schools are all closed like in New Jersey. But guess what? Remote learning is working out really well, which schools should have done this 20 years ago, but they're very slow to, because they're very bureaucratic and they're very slow. So now the realization has come that, hey, while college students do a lot of this, high school students and probably either what I would call junior high school or you might call middle school could certainly do a lot of their curriculum online. Okay. James, we gotta get wrapping. We gotta get going. You know, our time is running. Okay, okay, okay. So how do you wanna leave people, let people know how can they follow you and share your final thoughts, what you gotta say on this? Well, a couple of things about me because I always forget just, you can find me, I have a Facebook page called Unofficial Wall Street. You can always find me there. I also have YouTube videos which are now kind of calling the Wall Street minute. They're only like 59 seconds, they're really quick. They're not in depth like you do in your shows, but they're like little quick things that come up in the news and I just talk about it real fast. I would say what I'm more, I think COVID might have pushed a lot of evolution that was already happening faster forward. And again, because I'm always Mr. Optimist, I just think people should be optimistic about the future. I think, well, this is a tough time and a lot of us are re-examining our life choices now because I'm even thinking tour guiding is gonna be weak for a while now in New York. So what am I gonna do to replace that income? Well, I already because I have a million backup plans including joining the Space Force and stuff like that. So that's like, that's like plan E. So like, but I just think people should be optimistic and look at this as an opportunity, look for the opportunities, look for the change, embrace the change. Okay. Well, James, Uncle James, as I like to call him, it's always a pleasure to have you on until the next time. My name is Prince Dykes. This is the Prince of Investment. Coming to you guys and girls live all the way from beautiful city and state of Halu, Hawaii and Think, Take, Hawaii. But until the next video, podcast, cartoon or whatever else crazy you see us do around the globe. Peace, be safe, I'm out and thank you.