 The following is a presentation of TFNN. Good morning, Market Kickoff with your host, Tommy O'Brien. Tommy O'Brien. Good morning, everybody. I'm Tommy O'Brien, coming to you live from TFNN Tuesday morning just after 9 a.m. Eastern time. We got about 30 minutes to go until the start of trading and you got markets picking things up in negative action. We kick off all the big tech earnings today. We get Google Alphabet. We get Microsoft after the bell tonight. We get Meta tomorrow. We get Apple and Amazon on Thursday, along with many other companies. Some of them already out. We'll get into those, but right now in the markets in negative territory, Walmart coming out revising their outlook last night, Walmart down almost 10%. Right now, target down lower as well. You're seeing it hit many different equities. The Dow right now, off 113 points. Under 32,000, 31,855, you get the NASDAQ, negative 66 points, 12,288. S&Ps are off 15. That's about 4.10% in the red. Bitcoin trading lower, right at about 21,000 right now for Bitcoin. That's a daily chart. Back to a 15 minute to see the action. We get the crew contract up $1.62 at 98.32. Gold contract this morning, down about $2 at 17.17 so far. We jump to the VIX volatility index this morning, 24.03. The market accelerated higher into the close yesterday. That's a little drop off you see into the close and then we got a spike right when we got those Walmart numbers. Let's jump up to it. Jump over to it. Why not? Walmart sinks as inventories and thrifty shoppers hit outlook. The biggest retailer reduces prices to clear merchandise inventory. Lowers their earnings outlook shows inflation is hitting demand. Watching some analysis about this last night, even early this morning, if anybody is going to be hit by a slowdown in the economy, folks, it's going to be the poorest of us all. Walmart services those customers more so than anybody else. Profit outlook gets cut in a surprise warning weeks ahead of their earnings report sending the retailer shares tumbling new questions about the US consumers ability to sustain their voracious spending habits with inflation at four decade high. Adjusted earnings per share are going to fall as much as 13% in the current year. Two months ago, the world's largest retailer said earnings per share would only dip about 1%. That's a material fact that they had to come out and disclose. I guess when they knew it, in February, the company had predicted a modest increase. So you see that in February, they were looking for an increase. Two months ago, was that May, they're looking for a slight dip of 1%. Fast forward earnings going to fall as much as 13%. There you see the action last night. We'll jump over to Walmart in a moment. It's sputtering right around where it was on that acceleration last night. We do have a lot of companies. We already have some McDonald's, some decent earnings, barely trading higher this morning. We'll jump over to some of the other ones as well. But yeah, they were down almost 10%. And for the retailers, they got a lot of inventory man, they're going to have to lower those prices and they're probably seeing some waning demand. Operating income will fall 13 to 14% for the quarter and 11 to 13% for the full year, increasing levels of food and fuel inflation are affecting how customers spend. We're now anticipating more pressure on general merchandise in the second half of the year. It's only July, folks. It's only the seventh month of the year. We got 12 months of the year. Walmart's looking for five and a half more months. Five months, we'll call it, since it's July 26th of this type of action. That's probably what's sending shockwaves a little bit through their stock in particular. We jump over to Walmart and, yeah, sitting right at about $120 we're traded down to, folks. That is a harsh, harsh pullback for a company like Walmart. You're talking about almost a 10% haircut, which is probably more than 10% at the lows there. We've clawed it back a little bit. You jump over to Target. Target trades down from about $158 to $148. You're talking about a $10 move. What is that? 6%, 6.5%. It'd be interesting to see if there's any divergence. There'll probably be some, but they're dealing with some similar woes here. I wonder what the customer base is going to do, how they are going to fare in terms of Walmart's customer base versus Target's customer base. Target's customer base, a little bit more affluent, to say the least, than Walmart's. See how they shake out, but nonetheless this morning, it's going to be an interesting open, especially in retail, man, with Target. You're down about $8 Walmart, down about 10% as we kick things off. Let's jump over to McDonald's since they were out this morning as well. Some decent earnings from McDonald's. They're up about a buck, man, but these are strong numbers. Second-corner earnings, topping estimates, revenue slightly below expectations. Net sales fell 3%, but that was hurt in part by closures of McDonald's Russian and Ukrainian restaurants. Global same-store sales, almost 10% in the quarter is the thing though, man. We got 10% inflation almost, right? I'm ballparking, but that's the first thing I saw. Kudos to Walmart for at least keeping up with the pace of inflation. I mean, folks, in theory, if inflation's at 9%, your company should be doing 9% more sales just to keep up with the real inflation that's going on in the economy. Nonetheless, it's probably not 9.7%, and it's probably not 9.7% across the whole globe. Nonetheless, 255 a share versus 257, that's a big number that everyone's watching right now. Walmart just get punished for missing their earnings. McDonald's, they beat on earnings. They got a slight miss on revenue. Some of these same-store sales are just staggering, man. So net sales did fall 3%, but as they said, hurt by closing all the restaurants in Russia and Ukraine. Global same-store sales up 9.7%, just even in the US, right? Same-store sales, 3.7% in the quarter. The market was looking for 2.8%. That's a big number, man. 7%, credited strategic price hikes and its value offerings for its strong performance. Last quarter, McDonald's exec said some low-income consumers were trading down to cheaper options in response to inflation. International developmental-licensed markets, same-store sales, 16%, man. All right, there are more numbers. I think I had, did I have a Bloomberg article about it as well? Because they grew. What I wanted to talk about and I'll find it, doesn't even matter. Digital sales at Walmart in the US, I believe it is, almost $1 out of $3. Digital sales, that one blew me away, man. Talk about transitioning to a digital world. Now, with that in mind, folks, Walmart, McDonald's, excuse me, McDonald's, some pretty strong numbers, right? And you're barely posited by 50 cents, man. I would say if you come out and you beat on earnings, you beat on same-store sales in this type of an environment. Now, Walmart, they've overperformed this market. The one thing I will say, folks, we had some Walmart in my newsletter. We recently just got rid of it, ahead of this earnings cycle. And I'll show you why. A lot of the volume on this equity coming in at the lows that we've had, it's sitting pretty high up in an area that we've touched a couple times. About 260, 255 has been an area of resistance for this stock and that dates back all the way to November when we hit high of about 257 on this equity. But you back things up, whether you're talking about just this year, right? Look at the low in March, man. This is a weekly chart, McDonald's, 27.8 million shares, right? You got a low in May, that's an area of volume as well. You get that spike low volume on June 13th. Now, what I'm going to pull up is I'm going to jump to the daily. And you'll see that this week, they had a daily on McDonald's volume. All of the lows, we come up, what do we do? We come up on light of volume. We turn over yesterday hard. Come out with pretty decent numbers, man. But we'll see how it shakes out. Now, putting McDonald's quickly on the daily. Check out that daily spike at that low, man. 7.2 million shares on June 17th since then. We've risen on pretty light volume, man. Yesterday, a tough day. Today, they're going to open at about 251 on some decent, strong earnings. We'll see how they trade. Stay tuned, folks. We'll be right back with our man, Kevin Hinks, from TD Ameritrade Network. Vista Gold owns and operates the largest undeveloped gold project in Australia, the Mount Todd Gold Project. Vista Gold just completed their feasibility study, resulting in a 7 million ounce gold reserve. 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Every trading day, folks, 12 noon Eastern time on the TD Ameritrade Network right here on Tiger TV. Program fast market with your host, Kevin Hinks and Tom White. And folks, there's nothing like this week, man. We're gonna jump right into it because we got so much to talk about. Kevin Hinks, good morning. Good morning, Tommy O'Brien. Yeah, fast and furious are coming at ya. They're even coming at ya from companies not putting out earnings. Tommy, this morning, Walmart really laying on the market with their announcement yesterday, cutting outlook for a second quarter, cutting outlook for the full year. It's not really surprising, I think that these retailers are seeing weakness. It's just surprising that they're not through their inventory yet. But all things considered, the market's taking a pretty good gut punch here with such a consumer staple down almost 10%. So, but I mean, UPF is down a little bit. That's the one that really confuses me because UPF put up some good numbers, Tommy. And beat on your earnings per share, beat on revenue, confirm for your guidance and hike their stock buyback and the stock is still down. Not only slightly, but that's the one I'm gonna watch today. Now, McDonald's is up, Coke is up, GE is up, General Motors is down slightly, but all things considered, Walmart, putting the dampers on what might have been a good day, at least a good start to the day, if we didn't. But yeah, this news out of Walmart is alarming. What does that mean for Target, Amazon, Dollar Tree, Dollar General, even maybe a Home Depot, anything in the retail system. People are seeing weakness here. Doug McMillan, CEO said, higher food and fuel prices are prompting consumers to cut back, Tommy. There it is. Pretty remarkable, man. It happened right after the bell last night. Now these companies, Walmart and Target in particular, they report, I believe August 16th and 17th. So we're about three weeks away, folks, from there. From their earnings, but they had material facts. They had to get out, I guess, Kevin, man. It's pretty material. Earnings down by 13%. And not that long ago, a couple of months ago, I think it was that they just saw them slipping by 1%. And then I think back in February, they actually had them rising by the low single digits. So you can see how that shift has taken place. We got an IMF cut to GDP, their expectation this morning, Kevin. We got a Fed meeting starting with an expectation for 75 basis points coming out tomorrow at 2 p.m. Eastern time. And then of course, we start all the big tech stocks. I'm generalizing, but pretty much, man. We got Alphabet, Google after the bell tonight. We got Microsoft after the bell tonight. With so much shaping you talked about, I mean, Walmart, the retail, it is surprising. I woke up this morning, Kevin, and it's one of those mornings where there's enough going on where I open my phone, my iPhone, I pull up the Thinkorswim platform and I say, where are we gonna be this morning, man? Where are we gonna be? And we were only down about 10 points. I said, not bad with that Walmart warning last night coming into this morning with everything on the table as a trader, Kevin. It's kind of tough to decide what is most important and what I'm looking at right now as in you have the Fed meeting, right? And then you have all the earnings going on. You have an IMF cut and then you have the retail cut. How do you kind of organize your brain? And this is a very general, difficult and possible million dollar question. But on a week like this, are you looking for individual equities? Are you trying to get the scope of the Fed? Where is your head kind of at as we come into maybe the most important week we've had in a while right now in this market? Well, Tommy, if you're trading the overall market, you trade those numbers as they hit. If you're trading individual names, you trade that price action as it happens. Right, the best way to say that, to describe that, Tommy, is to stay where you are. Don't get distracted. If you're trading Walmart today or UPS today, right? Stay with that news that came out. If you're trading the spy or the E-minis or one of those, well, that's a bigger picture, right? That, you know, the E-minis are down about a half percent right now. Remember, you've got big, huge names coming out at the end of the day today. You mentioned Google, but Microsoft, Visa, Chipotle, Texas Instruments. So stay with the product that you're trading and trade that price action. Yeah, this is an easy time to get distracted by other things, right? So make sure you stay where you are and trade those numbers that you're seeing in front of you in that price action. It's a great answer, man. I appreciate that answer from you, the education, because it's not an easy question, man. But I know a lot of people are thinking of it because it's just got so much going on right now. And then, Kevin, we get later in the week, after the Fed meeting, we get so much economic data about Thursday and Friday on top of it. Pretty cool to what we're in this week. I think we may know a lot more about this market come Friday than we do today, yesterday, but we're finding out right now, man, with companies like Walmart, and you mentioned McDonald's. McDonald's had some strong numbers, man. I was actually surprised they weren't a little bit higher, Kevin, on those numbers. They are by above. Well, as the overall market might be weighing them down slightly, I think a lot of these stocks with good news, they'd be a little higher if the market was overall higher. So I would watch McDonald's, how it trades through the end of the week, and how it finishes the day. But, because McDonald's is in several of the indices, and it can't hide when the overall market is under pressure. So yeah, it's good news out of McDonald's though, but we'll see how that price action unfolds through the day. As we've seen, man, we got the opening bell in five minutes and 40 seconds, and that's where we get to find out where supply actually meets demand. With that in mind, Kevin, everything up in the air going on, what are you guys talking about on fast market coming up at 12 today? Well, today's an easy day, right? These days kind of write themselves. So we'll look at Microsoft Alphabet Visa. Real easy today. Love it. All the three biggest names coming out with earnings after the bell. I figured you were gonna go Microsoft and Alphabet Google, and I was hoping you would go Visa in there as well, because that's an interesting one I was looking at as well. Man, American Express trade and hire. Last week in Visa, we'll see how they trade out today. Kevin, we appreciate the time on a busy morning as always, man, and we'll be looking forward to the program at 12 o'clock today. You have a great one, man. Thanks for having me on, Tommy. Have a great day. Always a pleasure. Folks, tune in every trading day. Today's a great one to check it out if you haven't. Folks, 12 noon Eastern time, fast market, Microsoft, Google, and Visa all coming out with their numbers. As Kevin mentioned, with many other companies, man, it would be an epic week of earnings, folks, even without the big tech stocks in terms of how many companies are coming out this week, but we get all the big tech stocks as well, and they started off with Microsoft and Google today. And Visa, we jump over to Visa real quick. You take a look at the three-year weekly, right? Not as much volatility as some of the other equities. We've been shopping around between about 190, you could call it. You reach a high earlier in the year of 235, maybe somewhere around the 220 or 230 area. You come into earnings, though, well off the recent lows that we just had of 185. We're sitting at about 215. So you're up, what, 30 bucks from that low? What is that? That's a good 15, 16, 17% Visa is up off their lows. And let's check out the other two companies he mentioned, Microsoft. So Microsoft does a complete 50% retracement from the COVID lows to the highs of 349.67. We're bouncing around in that area at 258, down from 349. We get Alphabet and Google, two companies, one in the same after the bell tonight. Let's see what this thing did in retracement real quickly. Didn't quite make it to the 50%, almost been sputtering around about the 3A2. You know, I was talking to my dad recently now, Apple and Amazon around on Thursday. Now it's saying, man, Apple has held up so well compared to some of the other equities, folks. Apple is sitting at only, they're sitting above a 236 line of their entire COVID run from 54 bucks to 182. NASDAQ 100 folks is sitting at the 50% line. If Apple just was the where the NASDAQ 100 was at, it would be at 117. Talk a little bit more about this. We'll be right back for the opening bell. At a time of booming inflation, we are purchasing powers eroded. There's no better place to protect your harder and money than in gold. This is the gold flagship asset is the Monk Todd Gold Project in the Northern Territory of Australia. This is Australia's largest undeveloped gold project. We are talking a world-class gold project in a tier one mining district. This is a large scale, low cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction. VISTA Gold just completed the Mount Todd feasibility study which resulted in a 7 million ounce gold reserve in a 16 year mine life. 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TFNN airs live financial content streamed live on tfnn.com and TFNN's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 p.m. Eastern for free. Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at tfnn.com or on TFNN's YouTube channel and become the investor you were born to be, TFNN. Educating investors. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of tfnn.com. Welcome back, folks. We are 28 seconds into the trading day and market's holding up relatively okay so far. S&Ps, negative by 17 points, no immediate drop-off. And sometimes you see it, folks. When you get overnight action, like we just had, when you had a company like Walmart trading down 10% overnight and you only got the S&Ps down 4.10% with this type of volatility looming, that's an interesting market action. Now you could make the case rightfully so, man. Google and Microsoft, they're not gonna be hurt by the news of the Walmart. Very different businesses, obviously. Microsoft might be most immune. Google, heavy on the consumer advertising, right? That's why we've seen Google. You back things up on a three-year weekly. We're chopping around at recent lows on Google because of the pullback we've seen on advertising. Okay, there's your daily jumping literally right down to almost making lows for the year on Google versus what do we just say? Microsoft up from 241 to 258? They're not that far off either, man. I'm gonna pull up an article on Microsoft in a moment, but Apple, to finish up this conversation. So Apple, down about a quarter percent so far this morning, you jump to the three-year weekly to get the, whoops, there you go, to get the full COVID run. Now this is what I was talking about, folks. Apple, the biggest company in the world, okay? Market cap, why is there the big impact on the indices? Apple has really helped these markets when you look at where it is in relation to all the other indices. It's surprising that you have the biggest equity in the world that has the most impact on the indices behaving so well. What does that mean? That means you have many other companies behaving more poorly. Is that how you'd say it? More poorly, worse than the indices, I guess would be the way to say it. You have equities that are performing much worse than the overall performance of the index. If you have Apple performing so well, right? Apple, Apple's only trading at folks' prices. We were at November 15th, okay? Now it was quite an acceleration to the end of the year when we make it up to 182. All right, but we're sitting, as I put it, above the 236 line of the entire COVID run, okay? For some reference, look where the NASDAQ 100 is. NASDAQ 100 had a 10,000 point leg from an A, well, it's not really an A to B, if it is, watch out. But 6,600 up to 16,700, you've been sputtering around the 50% line for some time. Don't believe that that can't happen with Apple. I'm not saying it will, folks, but boy, if Apple ever trades back down $20 to 132, that's talking about $300 billion wiped off their market cap. You price it down to 117. What is that, 35 bucks? That's over $500 billion in market cap Apple would wipe out. I don't expect that to happen. They are more immune, as many of these tech companies are to what's going on, but they are not completely immune in any way. And let's, with that, jump over to, well, we'll start it off with this one, this one out this morning. IMF slashes global GDP forecast as economic outlook glues gloomy and more uncertain. So they now expect the world economy to grow 3.2% this year before slowing to 2.9% in 2023. That marks the downgrade of 0.4% and 0.7 percentage points respectively, just from where they were in April. So that was out this morning. Now jumping over, I have a Microsoft article up here, I believe I do. Come on, I don't do it to me. Where are you at? Here we go, no? Here we go. Okay, now this is making the case that newly cheap Microsoft is still a favorite growth play for investors. The company recently cut its outlook due to the dollar strength. The drop has made for a more attractive valuation. You could say that with any equity though, folks, okay? Wall Street expects Microsoft today will report earnings growth of 6% and a 14% increase in revenue, extending a year's long streak of double digit sales expansion. While Microsoft has not been immune to this year's tech stock sell-off, the company has a reputation for durable growth. Now that's a little bit of an opinion that we're getting into here folks, okay? Durable growth, thanks to business software and cloud computing offerings that analysts see as mission critical for corporations, making customers unlikely to drop them in a downturn. Maybe that's the same case with Apple, man. We were talking about in the den earlier, people paying their cell phone bills, right? A little bit of a problem with cell phone bills when you talk about Verizon, AT&T, they were talking about the timeline of when they're gonna collect that money because they're having trouble collecting phone bills. And surprising when you think that the phone is a lifeline to many folks, probably one of the last things that you'll get let go BK out of your life can't really exist these days without a phone able to function similar action maybe with Apple and Microsoft but the only thing I'm gonna say is that's what Apple looks like, okay? You're at the 236, that's what Microsoft looks like. You're below the 382 and you made it all the way down to the 50%. So, in the face of holding up well, keep in mind how unwell Microsoft has held up for some time. Doesn't mean it's gonna continue that way and in the long-term folks, this company is super strong. I mean, we, I think TFNN, we have a Microsoft 365 account, right? We use it for email. It's an outstanding service. I think it's like 99 bucks a year. Maybe they jacked it up recently to 119 or 129 or something like that. But that service for that amount of money allows you to use Microsoft Word, Microsoft Outlook, PowerPoint, Excel, right? And you have multiple users that are able to use that. Now that is just for a small business or for a family. When you get into the largest scope of things, it is very difficult once you're using those products to get off of that product. I mean, how am I gonna get off Microsoft Outlook when I've been using it for decades at this point, let alone Word, PowerPoint, Excel, Google Sheets is out there to compete with some of those for sure. But nonetheless, Microsoft backed almost the 50%, which is remarkable and you're down 1.6%. And this market's slipping a little bit with the S&Ps down about 22 points right now. Microsoft shares have fallen 23% this year. It says a smaller drop than the NASDAQ 100 index, but I just showed you some of these tech stocks have been performing better than the NASDAQ 100, Apple much better than even Microsoft or so. The stock is now fetching 24 times estimated earnings. Now that number's gonna be a little bit even lower today because it's trading lower. Five year average, 27.4. The only reason I don't like a five year average, man, is because it's been a heck of a five years for this market even going back to what, 2017, 2018, this thing's been running. In early June, so just last month, Microsoft paired its fourth quarter outlook in the company also is slowing hiring in its security software and Azure cloud business, given weaker economic conditions. Azure, always a big deal. That thing has grown rapidly. So we'll see how that plays out tonight. So when you talk about software, some of the Microsoft numbers here, while Wall Street remains largely positive in the longer term outlook for software in general, analysts have been lowering their expectations as they brace for a potential recession. Software and services companies who report 2022 earnings growth of 13.6% down from 14.8 expected in late January. The consensus view for Microsoft's fourth quarter earnings have dropped by 2.9% over the past three months, while consensus for revenue is down 0.6%. Yeah, however, should revenue come in close to expectations, it would extend a streak of double digit growth that began in 2017. Double digit growth for the third biggest company in the world, going back to 2017. I mean, that's an interesting one for you folks. And look it, so this is Nasdaq 100 Volatility, trending well. These markets have been trending higher, which were very important week, folks. And right as that happens, right? What happens? We get a big write down from Walmart. We get all the big tech stocks out tonight. We get the S&P near 4,000, and we have volatility near recent lows. See what happens? Stay tuned, folks, we'll be right back. TFNN has been your trusted source of analysis for bonds, metals, stocks, commodities and options for years. 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We got a little bit of volatility across the board right now. Checking in on some of those tech stocks. Apple right now, negative by six tenths percent. Amazon getting a little bit of a hit from Walmart but they bounce on the open. Amazon down 2.7% right now to start off the trading day you were as low. Think you almost got a 115 handle until the low 150s at least. Let's see what our low is on Amazon exactly. 114.95, you did. We're trading right now at 117.60. Microsoft shares down 1.5%, man. Look at that drop off as they weigh their numbers. Google off 1.7%, man. Pretty staggering. NASDAQ 100 is only down 115 points right now. That's not even a full percent when you get the two biggest companies out with their numbers tonight trading down 1.6 and 1.5%. Jumping over to the companies that have their numbers. McDonald's, they give up some of those gains. McDonald's basically flat. As Kevin was stating, they're definitely getting some headwinds being in some of the indices. But I'll tell you folks, we sold this stock in my newsletter of Rocket Equities yesterday. We'd held it for a while. I made the case earlier in the program that it was sitting in an area of resistance about 255 coming into their numbers. And boy, they had some pretty strong numbers to be trading flat this morning. That's where I'll leave it at that. If they missed on earnings, where do they go? They beat on earnings, folks. Earnings are everything right now in this market. They beat on earnings. They had a strong numbers. They missed on revenue slightly. They got strong same store sales across the board and they're down 1.10%. Coca-Cola, with their numbers trading higher this morning up 2% for Coca-Cola. We jump over to their numbers, Coca-Cola. 16% increase in organic revenue growth. That excludes items like currency and acquisition. The market was only looking for 8.2%. That's a big one, man. Organic revenue growth double what the market was looking for for the full year. They're looking for organic revenue growth of 12 to 13. That's up from a previous estimate of seven to eight. That's despite expected negative currency impact of 9%. Earnings, 70 cents a share. Analysts were looking for 67. Strong numbers across the board for Coke and they're trading higher this morning. All right, what else we got pulled up here? Let's see. Let's jump to natural gas, right? This is a big one this morning. We got natural gas spiking yet again. EU nations reach agreement to reduce gas for next winter. So, European Union countries reached a political agreement to cut their gas use by 15% through next winter as the prospect of a full cut off from Russian supplies grows increasingly likely. Folks, I'm not sure how this one's gonna play out, okay? Yet energy ministers meeting in Brussels gave the green light to a proposal to voluntarily cut their gas usage over the next months. And the Czech presidency of the EU said in a post on Twitter, the plan makes a 15% target mandatory under an emergency situation such as a severe disruption to the flows of Russia, albeit with certain opt-outs for particularly vulnerable nations or those integral to the bloc's network as a whole. Folks, if that happens, it's gonna be a mess, no matter what. Hungary was the only country that voted against the rules. Yeah, and as we know, it's a big mess over there, man. Europe relying on Russia for their energy needs, and there's your natural gas chart, folks. You spike up to 9.75, we're back already in the 9.24. You take a look at this thing on a daily, talk about trading right back up to the recent highs, right? Let me take that feminazi off since you gave it all back. We are right back to where we were on June 8th, absolutely remarkable. You make it back down to 5.50 before charging higher and getting above the highs of June 8th. You want some volatility, man. Watch out for that natural gas. Watch out everywhere right now, though, folks. We got a little bit of negative action right now across the board in a big way. Yeah, Roku, what's up with Roku, man? They just get some news out there. Downgraded, as analysts see a crack in their story. Let's see, so Roku has their numbers, I believe, as well. What are they out? They have today after the bell? They already come out? No, they're out Thursday. Yeah, Roku's out Thursday with their numbers. What else are we seeing? Yeah, I'm not sure why it's down 10% right now. Does anybody know? I know User 21 putting it out there. That's why I pulled it up. Big pullback for Roku. They've just been up pretty dramatically, too. It's 97 bucks last Thursday, and they are dropping faster right now, down 10% for Roku. You get the Nasdaq 100, now down 1.1%. Probably not the action you want, man, coming in to the big tech stocks earnings. Amazon now down 3.6% right now. We pull up Apple off about 6.10s. Apple kind of always holding up a little bit better than the market. And then the two big dogs tonight, Microsoft down 1.6. And we jump over to Google shares off 1.5. We jump over to Visa. Visa holding up relatively well. Oh, come on. There we go. Basically flat right now for Visa shares at 214.27. I believe we get Chipotle, Mexico Grill. As well tonight, they pull back. I mean, you get that type of a broadcast of economic conditions from Walmart, man. That's gonna hit almost everybody. If that's what's happening to the consumer, Walmart, I think they're within 90% of Americans live within 10 miles of a Walmart. Doesn't mean they shop there, but nonetheless, they are everywhere. Chipotle down about 2.4% right now with the S&Ps down as well. All right, let's jump around to see what else I have pulled up here. It's almost too many articles to keep track of the things going on. So Coinbase, they're facing an investigation into their listings on whether they're securities. They're constantly in the press, it seems, right? For whether they're getting looked into, probed by the SEC, et cetera. This pro began before, before, let's see. Yeah, this began before the recent charges came out in terms of insider trading. And they're gonna have the SEC on them for a while, man. If you heard the attorney general in New York say, fraud is fraud. And they're playing with fire over in Coinbase, man, and I would not be touching Coinbase right now. I've talked about it many times. These markets rolling over, man, Coinbase down 9.6%. Yeah, watch out on this one, folks. There's a lot better plays if you want to get into crypto than trading Coinbase, and that would be my take on it. GM, with their numbers fall short of expectation, supply chain challenges, dent profits. They confirm that they have secured the battery materials needed to build 1 million EVs a year by 2025. The company maintained its previous earnings guidance for the full year, saying it expects to ramp up production in the second half, but they miss earnings for the second quarter after supply chain issues led to ship fewer vehicles than expected. Car landscape, man. It is a messy one right now. There's GM, you're down about 2.7%. Let's see how Walmart's trading on their numbers. They catch a little bit of a pop, you're only down 8.2%. Jump over to Target Shares, down 4.7%. Shopify, hoo wee. Think they're laying off 10%, yeah, they're gonna lay off 10% of workers. Says e-commerce projections were too upbeat. It's probably putting it lightly. Take a look at this thing, man. There's a run up for ya. I mean, we came into COVID, folks, okay? And I'm gonna even, I'm not even gonna take the weak spike that we got right before. Things started to sell off. Excuse me, we came into COVID at 48.71. Shopify's sitting at 30 bucks. You made it up to 176. Now, Shopify, folks, the TFNN website, we use Shopify. It's absolutely great platform, especially for small businesses. But boy, they got ahead of themselves. I think we all got a lesson in multiples. Shopify's workforce has increased from 1,900 in 2016 to roughly 10,000 by the year 2021. So they're cutting 10% of that. Yeah, I'll pull up a couple of these numbers when we get back as well. And don't forget, folks, this is the last week to check out the Tiger Forex report and save 25%. We'll talk to our man, Teddy Kegstad tomorrow at 40 past the hour as we always do. Check it out, save 25%. You still get a money back guarantee. Nothing to risk, folks, check it out. We'll talk about that when we get back as well. Stay tuned. The TFNN has just launched their new trading room, the Tiger's Den, hosted at Discord. TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours. 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For more information, just click the Think or Swim banner on the front page of TFNN.com. Welcome back, folks. We get the S&Ps right now negative by 21 points. We got Shopify up here to finish the conversation real quickly on Shopify. You're down 16%, you're trading at 30.78. Some of the news, just pulling it up on the Think or Swim platform here. Some of the numbers I wanted to point out. So Shopify reported annual revenue growth of 86% in 2020, 57% in 2021 to about 4.6 billion. However, the company reported a softening this year and warned that this year's numbers would not benefit from the pandemic trends. In the memo Tuesday today, okay, you're the CEO saying, what we see now is the mix reverting to roughly where pre-COVID data would have suggested it should be at this point. Still growing steadily, but it was not a meaningful five-year leap ahead. They pulled all that growth forward, folks. Now it's waning there where they thought they were, we would be five years ago. Okay, now, I don't know if that's the case, man, because you're trading at where you were in prices three years ago. Nonetheless, you're trading at 31 bucks, man, you back this up even further, right? You see where this thing was in 2016, single digits. Even in 2017, you were trading at a high of what? 12, 13 bucks, you're trading at 31. A lot of things got ahead of themselves in a big way. Let's check out on currencies where we're trading at right now. Euro US dollar, we pull back a little bit, inching towards parity. Yet again, look at that pullback, man, from 1024 to 101.32, folks, you look at the action, whether it's in currencies, whether it's within notes and bonds, I mean, look at the continued rise right now. We're dealing with in notes and bonds driving this market. We get the 10-year yield below 2.73%. Below 2.73%. We're above 2.5%, remarkable in a big way. Folks, head on over to the front page of TFNN. We got our man Basil Chapman coming up live next. You get a few minutes. In between that few minutes, you can sign up for the Tiger Forex Report. I'm gonna stress it this week, folks, because this is the last week to lock in 25% savings forever. You'd be paying $72.75 instead of $97, and it still comes with a money-back guarantee. So check it out, use it for a month. If you're not happy, you don't think you're gonna use it going forward, cancel it, you get your money back anyway. And best case scenario, you decide you wanna keep it, you've locked in that 25% forever, as long as you stay a subscriber. And we'll talk to our man Teddy at 40 past the hour tomorrow. It's Fed Day. Always a good day to talk to our man Teddy Keckstad. Thanks so much, folks. Stay tuned. Always a good day to check out our man Basil Chapman. Coming up next.