Transcript was automatically generated.

0:00:02 – Announcer

Wall Street Unplugged looks beyond the regular headlines heard on mainstream financial media to bring you unscripted interviews and breaking commentary direct from Wall Street right to you on Main Street.

0:00:16 – Frank Curzio

How’s it going out there? It’s August 28th. I’m Frank Curzio. This is the Wall Street Unplugged my stream of breaking down headlines and I’ll tell you what’s really moving these markets Today pretty big deal. Can’t remember a time of one single report from a company. Was this important? And the name of that company who reports after the close today it’s going to change. the world. Is Five Below. They actually do report today. We’ll get to that in a minute, but it’s NVIDIA, right, Nvidia. It’s all over the media. It’s all over every place. I’m bringing in Daniel Creech here to join me in the Wednesday podcast. Really cool, Daniel. What’s going on? I’m going to talk about NVIDIA. How’s everything going?

0:00:55 – Daniel Creech

What’s happening, Frank.Yes everything is good.  You had me. I was all in all Five Belows, so I don’t know what to do.

0:01:02 – Frank Curzio

I think there’s a better and easier trade on five below than Nvidia, because I’ve been so wrong trying to trade Nvidia. I feel like it’s comparison to my super bowl picks which if you’re new to this, by the way, oh goodness, don’t be bullish analyze like crazy. And and the super bowl, it’s a big thing and I tell everyone, it’s the easiest bet ever just bet the opposite and I think I want to say 10 out of 13. I’m wrong. I was right with the Eagles when they won the Super Bowl, but I also picked them to beat Kansas City as well and lost that one. But when it comes to NVIDIA, the expectations are really so high. It’s insane. But I’ve liked NVIDIA for a year now. I said it’s a much better buy compared to some of the other technology companies and I just highlighted how.

When you look at valuation and people look at PEs, Daniel, you look at Apple trading at 30 times forward earnings, Microsoft trading at 31 times forward earnings and right now, Nvidia’s trading at 34 times forward earnings. Those are all expensive multiples. If you look at a PE by itself which I tell everyone, it’s the worst thing they could do it’s all a matter of how much the company is growing by. So if Apple and Microsoft are growing by 20% plus, it’s different. They’re not. Microsoft is growing by 12%. Apple is growing by 9%. You know what? Nvidia is growing by, and again, they all have the same multiple 31, 32. But Nvidia is growing earnings by 110%.

So that was my thesis for the last year, saying, if you’re going to buy a technology stock, Nvidia was a much better buy than Microsoft and Apple. That could change today. So I guess my question to you, Daniel, is what is the magical trade? I know you have it. You’re buying calls ahead of this thing. You’re buying puts. What are you doing? Because you, I have a feeling you’re going to be right on this.

0:02:39 – Daniel Creech

You know I’m confused on this because I don’t see how, if I had a gun to my head, I wouldn’t play the options, because I’m not smart enough to play options. I would go long if I had a gun to my head, because there’s no way they have a bad quarter. In my opinion, they’re not going to report that they missed by X, y, z. In my opinion, the issue is and we’ve talked about this before is how great is the guidance going to be? Is how great are is the guidance going to be? And if you put your shoes in management teams, what do you have to gain by blowing? You know, even if, why would you not kind of under promise and over deliver is my point. And so to your point. We’ve had a solid year about this and I’m trying to ignore. I thought it was fake, I thought it was AI and I’m trying to ignore. I thought it was fake, I thought it was AI. So the CEO has sold over a half a billion dollars and you know you can sell his stocks run up. I’m not blaming him for that, I’m not saying oh no, but I do think it’s wild because you have a CEO that sold a ton of stock Frank over the last year. More importantly, he signed a woman’s bra not too long ago in a fanfare that shows you just how ridiculous stocks are. He did so and since then that was basically the top of the stock.

Now my point is is that I don’t think the quarter is going to be bad. I don’t think guidance is going to be bad, but guidance is going to be a letdown in the streets. Expectation because, frank, unless you just come out and blow out earnings and expectations. But again, why would you do that? Why would you do that if you are management right there? So I hope that, from a stock market’s perspective, I hope this is kind of a much ado about nothing.

I think they’re going to beat, I think they’re going to give solid guidance, but I don’t think it’s going to be that big an event. This is the same person me who said Joe Biden was going to do well during the first presidential debate. I thought they were going to have him so jacked up. He was going to do well and he’s out of the race now. So maybe the only person worse than the Super Bowl picks is me on this NVIDIA trade. But if I had a gun in my head, I would play it to the long side because I don’t think that these types of momentum, this being AI, ends abruptly in one day.

0:04:51 – Frank Curzio

Yeah, yeah, look, look what say you, frank? I’m looking at this and here’s my perspective. When I look at NVIDIA, one of the most important I don’t know if I’ve seen more important conference call when it comes to an individual stock that’s going to determine whether we see not just a sell-off in US stocks but a global sell-off. And we could actually see that because AI has been the driving force behind a market where we’re seeing the economy clearly so across the board. We’re seeing it every place, almost every place Consumers. You’re seeing the housing. I mean, you look at housing, look where housing rates are down the lowest levels in over a year and we didn’t see mortgage applications pick up. And we’re seeing houses even go at all-time highs, it reported. But here you’re seeing a pullback in a lot of discretionary stocks, because we’ll cover those in a little while, but there’s lots of evidence of a big slowdown and AI has been the driver, the spending behind AI. So the quarter is going to be great, the guidance they have, the Blackwell chip, which has delays.

But I will tell you this a lot comes to sentiment. We’re going to talk a lot about this when it comes to sentiment, because this is how you pick winners in this type of stock market. It’s all about sentiment. It’s what are the expectations going in? Because the expectations right now are, for the company report, great earnings have a beat. In fact, the last three quarters, Nvidia did that. They beat on earnings, they beat on sales and they raised guidance. They raised guidance significantly. So how much are they going to raise guidance? That’s going to surprise people. On the upside. It’s going to be very hard because right now there’s 60 analysts covering the stock. I want you to break it down, Daniel. What do you think? The buys, holds and sells are between 60?. How many buys do you think there are?

0:06:32 – Daniel Creech

out of 60?

0:06:33 – Frank Curzio

15. How many analysts believe there’s a buy rating on it? It’s got to be the darling, so I would just assume it’s going to be crazy. Yeah, I mean it’s 56 of the 60 analysts have a buy rating.

0:06:43 – Daniel Creech

Oh, I thought you said 16. You said 60. No, 60, 60. Oh, okay, so 56. You probably thought I was nuts thinking only 15 had it. No, I don’t even know if you said 16, but I know it’s your New York accent, Frank. Come on, we got to speak clearly.

0:06:53 – Frank Curzio

Yeah, I know, when you said, I probably heard, but 56 buys four.

0:06:56 – Daniel Creech

Hold no sales.

0:06:57 – Frank Curzio

It doesn’t get more bullish than that on are very, very high where the company could beat and maybe you don’t see the stock go up as much. But I will say this the last three quarters, as I mentioned, they beat on earnings per share sales and raise guidance and playing Monday morning quarterback which we all love to do because we’re all geniuses. After the fact leading up to those earning calls, there was some things that you could have saw. There’s a few tells that predicted NVIDIA was going to have a blowout quarter. And here they were. Taiwan Semi reported great, great numbers, highlighted the massive demand they’re still seeing for AI chips. They just said that, remember, almost all the S&P 500 companies reported outside of NVIDIA. Right, they’re almost all done, so NVIDIA’s after them. So we have all these companies. Taiwan blew out the numbers and said we’re still seeing this massive demand. The major consumers of AI chips Microsoft, Amazon, Meta, Alphabet. This is what they did, right, they reported solid numbers and said CapEx for AI is not slowing. That’s what they said leading up to those quarters for NVIDIA. They all confirmed that.

A few weeks ago, not one company did I see in the S&P 500 who reported earnings not one. And we pay attention a lot, we go over a lot of earnings. I haven’t seen one company If you have, please send it to me, I like to be wrong and I’ll come out and say it. I haven’t seen one company say this that they’re mentioning of seeing any signs of a slowdown spending on AI. In fact, s&p 500 companies, when you pull it together and you look at the conference calls and I think it was Goldman or Financial Times reported this. I don’t want to take credit for it. The S&P 500 company said they plan on spending $50 billion plus on CapEx, on hyperscale, just for the next quarter. So the trends are there. We have to see.

Okay, what’s going to go on with the Blackwell chip? It doesn’t seem like the analysts all talk to Jensen. Jensen has to come out extremely positive. If he doesn’t and they happen to miss which I really don’t see that happening if they happen to miss, you’re not just going to see a sell-off in the US markets, it’s going to be a global sell-off and it’ll be more than 5%, because you would see names. I mean, just look at the QQQ. I think it’s 13% of that is represented by Nvidia and Broadcom, and Broadcom is going to take a hit too right Because it’s in the same sector. So you’re going to look at a pretty steep sell-off if this happens.

I don’t see it happening. But also, even with a strong beat and raise, it’s going to be hard to push this stock much, much higher, with expectations very, very high, although I will say, for the first time since 2022, again, access that we have data to, which is awesome, which I love sharing for you with expensive research engines that we use. It’s the first time that hedge funds actually were net sellers of NVIDIA going in, so we’re seeing them light up. We’re seeing more lighten up their positions. We saw that and NVIDIA has come back strongly since then and you can even see it in the 13Fs which Daniel and I covered in the report. People lighten up on some of the large technology stocks. However, the retail investors are betting heavy on this, so it’s going to be an interesting quarter.

0:09:45 – Daniel Creech

So gun to your head up or down tomorrow? I said up, I’m not using options, I’m terrible at those. Gun to my head.

0:09:50 – Frank Curzio

I think they report very strong earnings. I think they report a really big guide and I think the stock is going to be flat to downish very little. I would love to say it’s going to crash or it’s going to go up 20%. I don’t think you’re going to see those. The expectations are just way freaking high right now and, on a downside, there’s just no indication that anyone has slow spending. Which is why everyone’s all the analysts who probably talk to Jensen I mean, let’s be real, right, they’re not going to lower.

You don’t raise or lower your target price into a quarter unless you talk to the CEO first, because you’re going to lose your freaking job. If you lower your target and say, listen, I’m expecting bad things and Nvidia blows it out and the stock goes 160, you’re going to lose your job. These guys want to keep their job. They’re smart, they’re like politicians. They’re going to say whatever you want, this way they keep their jobs. So a lot of companies have raised those numbers going in and a lot of that was on the back of Taiwan Semi reporting Very, very strong, healthy growth, and also all the companies, the major companies that spend billions and billions of dollars, saying that, hey, you know what. We’re not slowing down spending anytime soon.

Now the key levels, which technicals 136, that’s the resistance to the upside, and 116 is the support and downside. If it breaks those levels, you’re going to see again not just US markets, global markets are going to move if you see those levels broke on any side. What I will say is I like seeing the separation in this industry. Nvidia has been kicking ass. They’ve been an industry leader. Amd is finally doing okay, I told you that they’re not an AI play yet. They still have to spend a ton on CapEx in order to catch up, which is why the earnings aren’t going to be that great. But you’re seeing the separation where Supermicro that’s down over 20% today. Have you seen that?

0:11:22 – Daniel Creech

Yeah, that’s Hindenburg came out. We talked about them with Icon last week and these guys have struck again Now. I did help them. I didn’t read the report. They said they were short or bearish on the stock. And then the stock comes out the management team and they delay their quarterly filings. Did they delay their quarterly filings? Wow, I didn’t even see that. That’s good for a quick difference. I didn’t even see that they delayed because I know they said they have accounting.

0:11:48 – Frank Curzio

Yeah, they highlight some of the accounting measures, aggressive accounting measures and stuff and I was surprised because the stock has gotten crushed. Just to put this in perspective it was $1,200. It was $1,200. So I had a market cap over $70 billion. It’s what? 1200 to 450. Today it’s even below that because I think last time I looked it’s even lower now. Actually, I want to look right now. Hold on, this is going to be fun Looking at this name. So Supermicro is down, wow, to 400. It’s down 25% right now. I didn’t see that they came up this morning. Good job, I didn’t see that they came up this morning good job.

0:12:25 – Daniel Creech

I didn’t see that it’s um stock split.

0:12:28 – Frank Curzio

Yeah right no, and that’s the thing. They don’t have to do it now because this stock’s already down. So all the retail investors gonna be able to buy. They come by at 1200 400. Maybe they should get rid of the uh, the 10 for one, I think stock buyback whatever it was, but yeah, I mean that news for a good six month period was was pushing stocks up significantly.

It worked for Chipotle for a little while and that stock has come off a lot. It’s worked for man. How many companies? Who is it? Alphabet, apple, a lot of these companies. So let’s see what happens going forward. It’s just the buyback announcements in order to get a nice boost for your stock price. I think those days are over. But this company, company maybe you don’t even have to do it anymore because you’re down to 405. It was 1229, 1229 at smith micro. So you’ve seen this company sell off, and I love when I see separation within an industry, because what do we see? We saw all these names do great and skyrocket because they’re like we’re all getting into ai, ai chips, we’re all building them and shit like that.

Nvidia was really the only one that was really really seeing a massive benefit, but now Smith Micro negative. Look at Intel. Intel, holy cow. I almost felt bad trashing Intel six months ago, but I’m so happy and hopefully you listened to me and didn’t go near that stock. I’ve never seen a worse management team in my life. I don’t think the stock is at bottom yet. I talk about activist investors shaking up the company and the board. I think that’s a great idea. I think when they come in, look, you have a lot of stuff built. You have a company that’s not going out of business, but it’s just been horrible and I think it’s very easy to extract value there with the right management team and saying the right things and just following through. But you probably need some real executives running that company. I still can’t believe, Daniel, let the government hand to this fucking company half a billion dollars of our taxpayers’ money for the chip sacks right To build these fab plants.

Now, think about that when you want your government to run your business for you, because whoever did that in the real business world would get fired and be an outcast of the industry forever. They wouldn’t be allowed into that industry forever. But when the government does that and it doesn’t win our money which they don’t really care about in taxpayers’ money, nobody gets fired, nobody gets questioned. There’s no accountability. And you know why didn’t you give that money to NVIDIA? You can say, well, Nvidia doesn’t need it. I’m sure they can use $8.5 billion for free and they’ll find amazing return on their investment and do great and hire more people where Intel is. Just, you know this drain that you just threw our money into and just said, hey, we don’t even care. And again, nobody’s mentioning nobody cares. Those are the negatives in the chip sector, but the positives did you see Umbrella?

0:14:50 – Daniel Creech

No.

0:14:50 – Frank Curzio

Two quick things so.

0:14:52 – Daniel Creech

Supermicro did say they were going to delay their annual report, so that hurt them. They’re down 10%. Intel when you see a company take action to fight off activist investors, there’s no way the bottom is in for me, like that is. Nothing screams more dead money than that right there.

0:15:10 – Frank Curzio

I would love to buy Intel and look for this.

0:15:12 – Daniel Creech

Yeah, Well, to a certain extent I mean, you’re doing so. Pissed poorly that.

0:15:15 – Frank Curzio

Now you’re going to get thrown off the board and fired, so that’s why they’re fighting my point is from an investor.

0:15:19 – Daniel Creech

I mean, it’s tempting to look at a stock chart and think, man, this has got to be a buy soon. I just think that that is going to be death by a thousand cuts. You want to talk about a gut-wrenching, boring, excessive, just mind-numbing experience reading about? Oh, maybe I’m wrong, but there’s no way I would touch Intel with a 10-foot pole when I see that they’re going to defend their ridiculousness.

0:15:42 – Frank Curzio

And show me the catalyst. Right, everybody wants to go bottom fishing. Show me the catalyst. Show me these insiders, executives are buying stock like crazy. Show me you know what’s the catalyst that you see where? You know, Starbucks was horrible and now you see a catalyst with the new CEO of Chipotle. I mean, there’s got to be a catalyst. He still has to follow through and it’s a big job he has.

I think people overestimate how good or how quick that turnaround is going to be. It’s hard getting new customers back, especially when there’s coffee on every single corner of every single block in every major city and people have left. And it’s hard to get people back, especially when you haven’t really fixed the problems of why they left, which is your whole online service and digital and and not having drinks ready when people go to work and shit like that. Uh, but you know, yeah, what intel and it just yeah, I just be careful bottom fishing Because if you see insider buying or whatever, but I just don’t see a catalyst and you need a catalyst. It can’t just be like, wow, the stock’s trading it. You thought that it was incredible value before it went down 40% because of the dividend, right? Oh yeah, it looked like an incredible value no-transcript.

Miserable on a park bench, I can’t tell you how many people told me that they love Intel three months ago yeah that they think is a great buy.

And even people in within the industry have said you know, intel’s doing lots of good things. And I told them all the same thing. I said I wouldn’t touch that fucking stock with 10 football until I see evidence a quarter or two of them turning around getting just go. Everything, everything in capex should be going towards ai, every single thing.

Poach and you could probably poach anyone right now because your stock is so low. If you give them stock incentives where they’ll be worth a hundred million dollars, you have that opportunity because your stock is so low, and say listen, if you turn this thing around, this is what’s going to happen. Poach one of the top guys anywhere, even at the big technology firms, even at Taiwan Semi you can get almost anyone there as a turnaround specialist where your stock is and say if this thing doubles from here which means it has to go back to the price it was a month ago, probably a month and a half ago if it doubles or triples, you are going to make an absolute fortune with your options. That’s a very enticing offer to get someone in there.

That’s how you do it and that’s why you want activist investors to go in there. People don’t like them and they may fire employees or whatever. If you’re an investor of a stock and you want your stock to go higher, that’s what these guys do. They may break up the company. They may do something again. Management team, their interests are not aligned with yours. You can’t buy a stock like that right now, no, so then look at chips.

0:18:16 – Daniel Creech

That will pause it. Yeah, sorry, I got you off track. What’s Ambarella?

0:18:19 – Frank Curzio

I mean I saw it was popping no-transcript language models which automation help you write. That’s what a lot of people, a lot of companies, are using AI for. Right now, they’re not really using it for the inference. This is what the biggest companies in the world are using it for. They have the data they want to be able to predict and their leading chip called Edge AI is fascinating and it makes these guys a sleeper in the AI space because their chips focus on face detection and that should scare the shit out of you. Yeah, it does, it does and it should. And what’s going to scare the shit out of you even more is when you go to the CES. I saw this, and not only does it track your face recognition, they’re able to determine your mood, they predict what your mood is based on just looking at your face and it’s real. And I’ve tested this stuff out at CES for the last two years Now, especially in cars, internet of things, everything, private security, all this stuff. They’re buying up these chips like crazy. Remember, this was a company that was a great play on GoPro back then. That was really good on 360 cameras and kind of went up and down with GoPro, but these guys have done a fantastic job. Able to track your mood is a big deal to anyone and any company in the world that’s looking to sell a product. How important is that? So the inference is predictability, again, large language models and stuff like that helping with automation. Inference is the learning part, the predictability part. That data is literally worth trillions of dollars.

That’s why every major tech company is spending billions and billions of people like, oh, they’re not going to get a rate of return. They already are making money off their investments. If you don’t think so, look at their margins. Look how much they cut costs. When have you seen companies ever where their’re stocked near all-time highs that are laying off so many employees? This is what big tech is doing. Their margins are going higher, their earnings are going higher, their sales are going higher. And you look at their expenses, they’re making money off of their AI investments already because they have millions, if not billions in the case of Meta, billions, billions. Half the world almost has an account through, whether it’s Facebook, instagram, whatsapp, whatever. Billions. You have billions of people using your products and now you have all the data on your customers dating back for over a decade. This is why they’re spending billions and billions and billions of dollars on this technology to figure out not just how we track these people, which they’ve been doing for a long time, it’s how they think and where they’re going.

And that’s why you look at Ambarella I mean really good name in this space and I think that stock has a chance to go much higher. I wouldn’t be buying it. It’s probably was, you know, seeing a little bit of a short squeeze here. Let it come in a little. But, man, I mean they are actually benefiting. Look at Broadcom killing it in AI and they’re now just got the ByteDance account, which is TikTok, which switched from a video broadcast because of China chips and stuff like that, and they had a switch, but AI now accounts for 25% of their total sales. To put it in that perspective, it was 19%, Daniel, last quarter, now it’s 25%. So many people are out there saying, well, ai, they’re not benefiting. Business You’re not seeing. This is what we look at. What are the companies there? Business you’re not seeing. This is what we look at. What are the companies? There’s a difference between saying AI benefits and going and looking at the revenue and the bottom lines and saying, no, no, it is benefiting. We’ve been doing this for a while and now it’s benefiting when everyone else is just starting to get in it.

There’s a big separation within this industry. With the chips, you’re seeing it. And let’s see what happens in video. If video goes higher, you’re going to see most of the sector go a lot higher. If, uh, yeah, stock goes higher after the bell. But there’s clear winners and losers in the space. I like to see that as a stock analyst, where I hate where everything in one industry just goes higher. You want to see the separation. That’s where analysis comes in. And broadcom is killing it, Nvidia is killing it and amber l is killing it. And you know what intel is horrible. And look at man, super micro, holy shit, 1200 over 1200, it’s now 400. And man, I don’t know how you buy that stock when they just actually did that with that guy. It’s uh and kind of reinstate, especially after you have a big short report coming out, so it’s pretty crazy. Now let’s get into some fun stuff, which is zuckerberg. Well, yeah, you know what you lead with this.

0:22:44 – Daniel Creech

Well, we’ve got to get political here, because I thought the biggest political speech out of the Republican National Convention and Democratic National Convention actually came last Friday from Fed Chair Jerome Powell. Frank, did you listen to this or did you read this at all? My mouth fell open and hit the floor to floor. When I heard him speak I knew he was going to be dovish. He wasn’t going to rock the apple cart. He wasn’t going to say anything like, hey, we’re going to hike in September at our next meeting because, remember, they’re lazy and they take August off.

But I did not think that he was going to come out and say, Frank, the time has come for policy to adjust. Were you expecting that? He literally came out and said we are cutting rates in September and we are going to cut as much as the data depends on it. That is significant to me. That is why the markets absolutely went gangbuster green on Friday, and rightfully so. You have the guy behind the Wizard of Oz curtain in the Willy Wonka chocolate factory pulling the levers, telling you with his megaphone and all of his little minions and I say that I respect, I like minions, especially whatever movie they come from.

0:23:50 – Frank Curzio

Yeah, Despicable, despicable. You just named a bunch of movies Wizard of Oz, what else?

0:23:56 – Daniel Creech

Well, those are. Those are the ones I stay with, because they describe our country so well. The time has come for policy to adjust. Unemployment is no longer a risk to inflation, inflation is going down with. How did he say that he has confidence that inflation is going back to 2%? Housing is at all-time high, stocks are damn near at all-time highs and we are going to start cutting rates. Frank, a little bit of a victory lap. We have been on this path of melt up to the rate cut. Yes, you’ve had pullbacks. We’ve been talking about buying certain pullbacks, we’ve gotten burned a little bit, but overall we have been right on this melt up to the rate cut. Now that rates are about to get cut, should we be cautious, or does politics trump everything, going in a little bit further?

0:24:39 – Frank Curzio

I think politics trumps everything. Going a little further, it definitely does. I mean, when you’re looking at, I am surprised and not surprised. I mean we all knew he was going to be dovish. He was extremely more dovish than anybody could imagine, I think, than anybody predicted. It makes sense because, remember, the president hires this guy for the job and lowering rates is great, no matter who gets in. So it could be expected. I think everybody knew they were going to start. There’s 100%.

Before the meeting there was 100% chance he was going to cut September. So he just confirmed it and said, basically we’re going to be aggressive and data dependent, but it was extremely dovish. I mean it’s not too much of a surprise and the markets were surprised by it. But when you take a step back and look at it after the fact which is, we’re all great at analyzing everything it does make sense, right. It does make sense why you’d be super aggressive right there, especially highlighting on something where there’s no event going on that day other than Jackson Hole. There’s nothing else going on in the markets, no real big earnings going on. Everybody was focusing on that, which is kind of boring. They had some great interviews on CNBC, fox, stuff like that, but it was just a good time where he had the stage that was it 100%, here you go, and he gave investors what they wanted to hear.

With that said, we know that when the Fed starts cutting, we usually see the markets do okay for the next 25, 30 days and then over the next year, you see a meaningful pullback. We’ve never seen that during an election year, though. That’s never happened. So you know all the data you have to look and you just can’t look at data and say, okay, well, this is going to be like this this time. We do know we have a government that, no matter what the fuck happens and when the shit hits the fan, they come out and they spend money and throw it at anyone and anything to help save the market. Everyone does that. You know Donald Trump is definitely going to do that. If the market comes down, he’s going to be like the Fed right now. He’s going to have a meeting and call out Powell and say you better lower by at least 50 basis points, if not 100 basis points. If this market falls 20% and he gets elected, he would definitely say that.

We saw Elizabeth Warren just come out and said now’s the time. What did she say? 75 basis point cut right now or something. She actually came out like two days ago and said that, yeah, both sides, it’s good for both sides. It takes a lot of attention away from you know what you plan to do over the next four years or whatever, and you know this is great right? This is lower rates. So we never really had that where we see these big downturns and they’re so quick that they’re followed by immediate government stimulus Even when the banks started going to shit. What was that March when we saw some of the small cap banks and what is it?

0:27:05 – Daniel Creech

New York community and stuff.

0:27:07 – Frank Curzio

Yeah, when, when New York community started coming down immediately, right, they’re like okay, we got your back, don’t worry about it. It’s not going to be taxpayer dollars. Yes, it is taxpayer dollars, you know, even though they tell you that, and these guys are going to raise fees tremendously, because that has to be that fund big banks going to do is they’re going to raise rates on you and that’s why they don’t pay you shit for any. Look at that. Look at that. They’re paying like interest rates went from zero to over five percent, right, short-term rates. What are they paying you on your savings account? Okay?

0:27:33 – Daniel Creech

nothing less than a half nothing, right?

0:27:35 – Frank Curzio

That’s why you’re seeing banks profits at record highs and it’s insane. So, uh, you know, I would say that the landscape right now tells me that stocks are probably going to go higher towards the end of the year. There’s just too much money on the sidelines. Still, there’s a lot of money coming to this market, even foreign dollars, so the US market is definitely doing much better than everybody else in any other market out there. You’re going to see the buyback window open, a lot of companies whose stock have gotten hit and there’s a lot of names guys, holy shit that are down like 50, 60, 70%, that you really don’t know Whether it’s Walgreens or Five Below was reported later. You know just some of the natural gas stocks. I mean, you’re looking at it. There’s a lot of names that are down a ton that nobody’s really talking about because everybody focuses on the top half, the top 10 largest technology stocks. But it definitely will be interesting, I think. Oh sorry, go ahead.

0:28:25 – Daniel Creech

No, no Good. I think you hit the nail on the head with why this time is different. That makes for good headlines and you can say, oh well, you know that was. We’ve had debt and perma bears guys screaming about that for a long time. What is difference here and I’m not trying to take a cheap shot here, but Steve Leishman from CNBC and also Fed Chair Powell from his speech on Friday the two biggest things that they’re being completely dishonest and or ignorant about is that this time is different because of government and deficit spending.

It is almost damn near impossible to have a recession on paper. When you’re the Fed and all these economists that think you’re so smart to look at paper numbers, GDP Everybody keeps saying, oh well, you know GDP, the economy is still stronger and resilient and the consumers are still there because we’re running trillion and a half plus deficits per year. That’s never been done at the pace we’re doing it for the significant or for the several years in a row like that and to your point, it’s not changing. So not to beat a dead horse, but there is no there there. The reason that this time is different is because of government spending and deficit spending. The reason that this time is different is because of government spending and deficit spending. If that doesn’t slow significantly, then it’s going to be more per usual and that means higher stocks. Not that it’s right or wrong. That’s just the direction that the momentum is going. So take note of that and do not fight it too much. Next, frank.

0:29:41 – Frank Curzio

Even next. Before we go there. Okay, we’re going to skip to China later, because a lot of things on China, how bad it was. We’ve before we go there. Okay, you know, we’re going to skip to china later, because a lot of things on china, how bad it was. Pd we gotta talk about Zuck too. Real quick, reported. You know PDD reported, uh, and that’s a Temu owner. They just warned, right, and that comes after. You know Alibaba and JD.

But the reason why I want to get to china right now and jump to this is because you know people say, well, you know, and you mentioned, like government spending, as long as they have a printing press, how could this end bad? How could this be terrible? You know how could it end bad? And they just keep spending and spending and spending, spending. Whenever we have problems, the shit eventually is going to hit this fan one day and it’s getting closer because of the amount of money, the significant increase in our deficits, where you know we need rates to come down. We need them to come down because the government, just, you know we’re talking about trillion dollars in interest repayments alone on an annual basis, which is freaking insane. But if you don’t think they should get at the fan.

Look at China. I mean China is a total effing disaster and I want to thank a lot of my contacts out there. Thank you so much Because even when I got a little bit bullish, they said, frank, you’re an idiot if you get bullish and thank you for forcing that down my throat. Holy shit. I mean I don’t know if you guys see it, they don’t really report it too much. I mean I don’t know if you guys see it, they don’t really report it too much. Yes, we see. Oh China. No, you have no idea how bad China is. I mean we could see a two handle on their GDP print. I mean they’re saying, oh my God, it’s going to be three. Now they’re going down 3.7, 3.5.

You get the Financial Times citing that the central bank China is planning to issue they have to issue the remainder of their government bond quotas by the end of the year, which is another $350 billion, which could crash yields. Some speculate it could burst China’s debt bubble, which is massive. You just had BHP come out yesterday saying one of the largest steel producers in China and also another China steel producer which I can’t pronounce those two are two of the largest steel producers said that the steel industry, the downturn, is going to deepen, deepen, holy shit. I mean, did you see this? I mean we’re looking at, you know whatever 20 year lows of how terrible shit is. It’s going to deepen from here Like you can’t.

So the government’s trying to do everything in its power and trying to get more people to buy stocks, trying to, you know, lower rates, trying to do everything that they can to stimulate the economy and nothing, nothing, nothing is working. You’re looking at housing prices are still collapsing. There’s zero buying equities. They can’t get people to buy equities no matter what they do. Over 1 million restaurants have closed over the past six months. Shit that people aren’t reporting. Again, it’s hard because you see some YouTube videos of guys reporting. They got to be very, very careful to get thrown in jail and get their heads chopped off if they get caught reporting what they’re not allowed to report.

And just the context I have in an industry saying it’s a lot, lot worse than what anyone’s saying. And we’ve seen the past couple of quarters of companies or the 13Fs, where they’re picking away at Alibaba. They’re picking away at some of these companies in the last two quarters and I looked at that and said holy cow. And now you’re seeing a lot of these guys lighten up their load and they should, because I don’t know what the catalyst is and that scares the shit out of me. I mean, when business is really bad for Intel, I know how Intel can turn it around. So does a lot of people. I mean, they really just have to cut costs tremendously. They have to really focus in the right spending areas and stuff and go into AI.

There’s an outline like there’s a plan saying this is what we have to get expenses down. It’s a company that’s going to survive, but you have a plan in place over the next year. I have no idea. Please tell me what the plan is to get China to show strong growth again, to stimulate that economy, because the government can’t do it. They have been trying to do it for two years and it’s a disaster. It’s an absolute disaster, which is a shame because it’s such a great, great nation outside of their freaking, crazy government. You go to China. Beautiful people there, great people. I know a lot of people. You know so.

When we talk about things being bad in certain areas, it’s not that way, you know. When we say California is a shithole, you know. And, by the way, real quick, I’m going to get way off topic here I went to a meeting for my daughter’s school. She’s in, she’s a junior and they would talk about SATs and ACATs and stuff. And the guy that came in was from California and he was telling me some of the things in their schools of how you don’t need test scores now. You don’t need to show your test scores. Why? Because they’re racist Basically.

I don’t even know what they put behind it, but he said the school system is so freaking crazy different there. I just don’t see how you’re going to have the largest technology companies are not going to move out of these areas and go someplace else, because the states I mean if you look at some of these states even Wyoming, which is close by, not too far, you know, because you’re not talking about Texas or Florida and stuff like that but still, if you’re looking at companies moving from California to get better deals and lower taxes and stuff like that, I mean you know big tech has been in California forever, but holy shit, I mean you’re just seeing so many things going on in California where it’s like a different country over there and again, it’s a place that I love to go to. It’s awesome, but even he was like you know, I live there and holy cow, like it’s such a difference between those schools or Florida schools and stuff like that.

0:34:19 – Daniel Creech

Oh yeah, it wouldn’t shock me if people were moving out of there.

0:34:20 – Frank Curzio

Which is insane. But yeah, getting back to China is a disaster there, just to let you know, and I’m just reporting news. I see them from my contacts and stuff, and if you hear anything positive, please send it to me. I’m not biased, I’m not going to be like give me all the shit on China, this way I could pound it down your throat. No, we want to find it because there might be some bright spots here and there that we could say almost assets at 10 cents, 20 cents on a dollar that’s how much they’re down. I just don’t see it and I haven’t seen it for a while, which is crazy.

0:34:50 – Daniel Creech

So do you think it’s a coincidence that Canada is now following our footsteps and hiking tariffs on EVs from China, steel, different products, things like that. Do you think that’s a coincidence? Right now, I personally don’t think there are coincidences when it comes to politics. And why do you think they’re doing it? Just to keep pushing the thumb or their boot on their neck more Listen, communism doesn’t work.

You don’t need Daniel Creech to say that you can stimulate your economy through different poles and levers and things like that, just like we do. They can lower their borrowing rate significantly from where it is I don’t remember offhand, but it’s high. So you could lower that, you could goose and print money and all that. But the idea, the difference there is we’re still under this veil of capitalism and kind of this freedom of choice type deal and business as usual Over there that cat’s out of the bag. They know that any policy tinkering that they do from a government level is going to quickly be taken back. You can get me one, shame on you, get me twice shame on me. Type deal.

If you keep following the government over there and saying, oh, they’re going to be good for equities, or oh, they’re going to be good for real estate or oh, they’re going to be good for energy. Like I’ve gotten that wrong on the reopening and stuff too At some point. I’m not saying they’re a total collapse, but you talk about dead money and just like Intel needing going to sit back in a quarter and defend your terrible policies and your terrible results. That’s fine, bang that. Why would you want to waste any time and energy on that? I don’t think it’s a coincidence. I think that Canada is just going to continue. It’s just one more dagger to them, honestly, to provoke them and get them upset, in my opinion, as the game of chess on the world goes around. But just curious on my point.

0:36:20 – Frank Curzio

Yeah, and make no mistake, china is a massive market. We’re talking about China so much because it affects commodities. They stopped buying gold for the last three months. Remember. They want to largest buyers gold for 18 months and are they going to raise money? Are they going to again to extend the bleeding? Could they sell some of their gold? You look at commodities in the copper market and how big it is, steel as well. We have our own steel producers and stuff like that.

When I look at China and this is one of the reasons why, which people might hate saying this but when I see a Trump presidency, trump is more of a businessman around businesses I will look at it from a country perspective. China is a massive asset and could be a huge asset, and they are in trouble and struggling, just like Intel. If you put it in Intel, they’re struggling right now. Right, intel is doing bad. You can get activists go in there clean house, you know, and set the company up where you have growth going forward, with China being, you know, the largest supplier of almost everything you know at cheap costs. You’re looking at where earth metals right, critical, critical to to almost every technology product that they’re in and these guys control a massive amount of that. The deals that you could sign with China behind closed doors right now are massive, where it would benefit any country that does it. So you know, if, if anyone wants to follow a step on your neck type thing, I get it. But you know, I wish we have a president or anyone that will come in there and look at it that way, because, man, we could own china right now, we could have amazing deals and, and you know, again, it could be very, very good for our country. Uh, but again, if we’re fighting and there’s just all, and you know we’re leaving it to the point where things are so bad, they may not have a choice but to invade taiwan.

When I went to national security seminar, I got to tell you, you know the military there which is the key mill, yeah, just all, it’s the graduating class for the colonels, hundreds of them which are all going to go out to and run their own bases and stuff like that which is huge, and just sitting in that room with them. They really believe that that’s going to happen, which surprised the shit out of me. I’m saying you really believe that when you have no choice and you have Taiwan Semi controlling the biggest market on the planet right now, which is AI, where they develop the chips. I know they’re trying to build fab plants other places.

That’s an area where, if you want to keep stepping on their throat, you’re going to leave them no choice but actually to go after Taiwan, and we really don’t have the right to defend it, which is crazy, I know. I’m just saying that when you look back at history, they basically have a pretty good claim and us getting involved in something like that. We’ll see. But when AI is at stake and you have a large producer with the biggest secrets in the world, it is crazy. It is crazy to see what’s going to go on in Taiwan and again, that adds added risk, which is about the markets. I want to turn a page because Zuckerberg came out and a lot of people knew this already, but he came out and I don’t know Was this response to Jim Jordan or questioning and stuff like that?

0:39:11 – Daniel Creech

I’m assuming it was a response. Yeah, because he wrote a letter to whatever one that Jordan chairs and stuff Committee.

0:39:18 – Frank Curzio

Yeah, and basically saying that the White House pressured Meta to suppress information and holy shit, I mean we kind of knew this with the Twitter files, but think about this road that we’re going to go down now and how Zuckerberg coming out. He said this, I think, when I interviewed who did he interview with. I forget where he mentioned this, but now he wrote like an official letter about it and you could speculate what that means in terms of you know, does he think that maybe you know he wants to get a good side of Trump presidency wins? I read stories on or whatever I don’t know. But, more importantly, if the government did this right and they suppressed, I would like to know, because we got suppressed on YouTube when we had great information on COVID from leading doctors that were emailing us and something I’m very proud of, where it had nothing to do with stocks. We were trying to save lives, because I have two daughters and just knowing statistics and people in the front line was amazing. But that information, what was suppressed? I mean, did you suppress information that turned out to be factual and if it wasn’t suppressed, would it have saved lives? That turned out to be factual and if it wasn’t suppressed, would it have saved lives? We know that X and Meta were pressured by the White House now to suppress information.

What are the social media platforms? I mean, did you really just keep it to those two? Was it YouTube, you know, obviously, snap, linkedin, did TikTok not fall in line? Is that the real reason why the White House is doing everything it’s power to shut down this site? And again, national Security Seminar. They said they were saying listen, you know, we got really great information showing how China steals our data. But I mean they could look at all the businesses that do that are in America, that do business there. I mean, you’re looking at Levi’s, you’re looking at Nike, you’re looking at Starbucks. What about Temu, you know? What about Sheen? What about a lot of these companies that we download the apps? They could do that. If you’re really going to shut down TikTok, you have to shut them all down if you really believe that. Why is this specific TikTok? Because it was kind of a free platform. It was one place I know that I could see Putin speeches, Xi speeches and I want to see them. I want to see what these people are saying and we’re suppressed from seeing that for some reason, why? I want to know how crazy these guys are my own eyes, my own ears, but it’s not a stretch considering how hard the White House went after Elon Musk, saying maybe he’s a threat to national security. They went after him when he released the Twitter files.

What media companies and networks are the White House pressure About? Covid, about the underprivileged laptop, about 2020 election? I mean, you have to assume. It’s like if someone’s lying about one thing, you have to assume that they’re lying about everything. That’s the normal reaction for people. That’s how I would treat a business. If I hire someone, they’re lying, I’m thinking they lied about everything. Once I catch them, I think Democrats, republicans, deserve answers to these questions, because that’s a very slippery slope and to me, that was very, very big news. We kind of knew a lot of it, but for him to come out really with that letter, holy shit. I mean, it can’t be limited to just them and X it’s probably. You know, if you have access to that and you’re pressuring, I wonder what pressure actually means. Like, what kind of pressure? What do you mean? What do you think he meant by pressuring? What does that mean? How do you think they pressured him? I like to say that definitely.

0:42:18 – Daniel Creech

To a certain extent. Have you seen what happened in France? Yeah, that’s what happens. The way you get a billionaire’s attention is you take away their freedom to travel. Telegram, CEO has almost a billion users, popular in Russia. You can’t say that. That’s a swear word, especially in finance. He’s in detained. I don’t know if he’s in jail.

He’s no coincidences again in politics. Read this letter. It’s a short letter. Two telling things. He said, Like I said our teams at the time, I feel strongly that we should not compromise our content standards due to the pressure from any administration in either direction, and we’re ready to push back if something like this happens again. Coincidence, Frank, that we have an election coming up here in just a couple months? I think not. That means he’s getting pressured right now. Enough to the point where he put this out there for public opinion. I’m sure it was in a response to Chairman Jordan Admitting that, yes, everybody with a brain actually knows that this was already happening. However, it is key because you have one of the most powerful people doing this. This is such a 180 from him and it’s kind of a pattern. When President Trump was, the assassination attempt happened, Zuckerberg did some comments or an interview talking about how man that it’s bad, it’s hard not to like that or get kind of motivated by that.

That was a big turning point, remember, this is a guy that kicked the at the time sitting president off of the platform for free speech. Yeah, it’s not election interference, it’s not anything, it’s just you know. Oh, we’re doing it because there’s yeah. Yeah, it shows you how twisted and the insider deals there are. It’s actually pathetic, but I have to give you credit where credit is due. I think Zuckerberg is one of the scariest left wing goofy people out there. However, this is a huge step in the right direction.

This makes me, if I were a stock picker which I am at sometimes Frank. I would actually buy a little bit of meta right here, even though it’s at 52 week highs. The user base, even if they can’t admit it and they don’t admit it, pulls through fear of getting yelled at and called a racist and all this kind of stuff in our media. If you actually Elon Musk and X is doing fantastic, ignore what you hear. Look at the user base, look at what’s going on there. If the user base gets a hint that the people at the top are pro free speech and, getting back to this, pro independence, there’s no way. That’s bad for business and these are the most connected. You know foul mouth people there are. I’m having fun there.

I don’t know if he’s foul mouth, but yeah, I really like this stock. I mean, quickly looking at it, gross margins are around 80%, net margins are over 30%. It’s got no debt to worry about. It’s generated over $30 billion in free cash flow over the last 12 months. This is a buy and forget stock and any momentum that you get, energizing your user base here to think that you’re more fair or actually heaven forbid pro-American Holy hell, that’s fantastic. So there’s your free tip, but not that you need it. But pay attention to this direction of CEOs like this and don’t think that old Zuckerberg is a little nervous about putting even though he’s in great shape and he does whatever combat he does.

0:45:35 – Frank Curzio

MMA stuff.

0:45:35 – Daniel Creech

MMA stuff. Yeah, I wouldn’t mess with him. I’m sure he could kick my ass, but he’s just as worried about getting detained over there by them pointy shoes-wearing people across the pond.

0:45:46 – Frank Curzio

I love your take on this. I have to say, when you’re looking at Meta as a stock I mentioned three of the largest stocks and what they’re trading at Nvidia, you’re looking at Microsoft, you’re looking at Apple, all in 30 times You’re looking at, meta is trading at 22 times forward earnings. That’s a very steep discount to the rest of these guys. That’s a $1.3 trillion market cap, which may seem crazy, but a lot of these companies have $2 trillion market caps and these guys are growing. These guys are growing much, much faster. They’re firing on all cylinders. Just every single part of their business that you looked at last quarter was massive growth. It’s just they’re kicking ass. They really are kicking ass right now.

0:46:23 – Daniel Creech

And they have optionality. They could always scale back some of the investments they’re doing and make earnings go through the roof. They’re still going to grow earnings. Capital IQ has them at at least 14% for the next couple of years. I mean, it’s just an amazing company and now they’re not as crazy, woke and stupid as they once were, so it’s even better.

0:46:37 – Frank Curzio

We’ve seen a lot of companies come out of that. Even Harley Davidson it’s not you know. You’ve seen a lot of companies saying, okay, you know, we gotta be a. You know, disney said they were gonna do it, but they really haven’t. So hopefully that they do talk about.

Sometimes I get emails about this saying, frank, this is bullshit. What are you listening to? What are you watching? Look, I try to watch everything across the board and be fair with this. I just think the Democratic Party right now is not the old Democratic Party which they used to argue with Republicans and they used to go out for a beer and it was fine.

It wasn’t Clinton, I thought was great. I thought Obama was one of the best speakers Holy shit, we talk about charisma and stuff like great. I thought Obama was one of the best speakers Holy shit, we talk about charisma and stuff like that. I mean, whether you hate the guy or not, it just yeah, I didn’t feel like there was a threat. I felt like, right now, what’s going on? Just hiring someone that doesn’t want to get in front of the media is a little scary right now and we should know more. Right, it’s our job to know more of who. We’re going to matter to see who wins the election. It’s definitely going to matter with your portfolios and we talk about it, but that’s significant when you’re seeing a lot of companies switch. I want to see if we track the performance of enough of this.

It was like so much woke shit going into these companies that it’s now you see this pullback and you should, because you don’t want to go far, far left and you don’t want to go far, far right and I think the majority of 80% of this country is kind of in the middle and could support either way. But yeah, it is pretty crazy how far left that we’ve seen the Democratic Party go and they’re not hiding it, like I said. I mean with Walton, and the current Democratic Party that’s running on this ticket is leftish and I think that scares a few people. So we’ll see. I mean we’re seeing.

We saw Kamala, as expected. It’s kind of like with John McCain right when he hired Palin to be vice president, when he announced that, you saw big momentum and then it just held off. The same thing we see right now. Where the momentum was up, she was winning a lot of polls and now the polls are showing Donald Trump winning, but she’s going to have to get in front of a camera and talk more about her policies and stuff like that. But yeah, we’ll see what happens, because it is going to matter what your portfolio is. Definitely, and you see that, even with recent I mean look at solar stocks right, I mean you mentioned that, Daniel I mean look at so many solar stocks and how annihilated that they’ve gotten.

0:48:57 – Daniel Creech

I mean, you know, yeah, you’ve gotten a lot of bankruptcies. I thought we were saving this for a premium tomorrow.

0:48:59 – Frank Curzio

Well, I just, yeah, I just mentioned we don’t have to mention the stocks and stuff.

0:49:01 – Daniel Creech

Yeah, but you’ve seen several. Let me see solar. Sorry, I had a Solar Insure. I’ll talk more about this tomorrow, but Solar Insure has a list of a lot of bankruptcies. I believe there’s over 100 in 2023.

But it is telling if you have a president that’s not going to be as accommodating or spend as much money. Some of this money is already spent, passed in bills, so it’s just kind of a how long does it take to kind of filter through the economy? But some of those jobs you look at a lot of have been delayed. A lot of EV, battery plants. You’ve talked about Ford and GM scaling back on the battery plants and or EVs. That’s all going to be a part of the energy play going forward. And then what? What I want people to focus on is hey, if we’re being promised all this clean energy coming online, if that doesn’t happen or you have delays, you’re just not going to do without energy. That means that you’re not getting away from oil and gas. I’ll talk a little bit about ExxonMobil. Pissed off everybody over the weekend. Frank and I can’t wait to tell you more about it and why and why. Not only are they right, they’re more right than right.

0:50:03 – Frank Curzio

Yeah, and we do this on our premium podcast, world Show, pub Premium, and you know we highlight lots of ideas. We pick one idea every week, almost every week, and we put it on our portfolio. It’s a trading idea which is really cool, but, yeah, it’s a really, really good product. So if you’re interested in that, just go to our website. I think we for now we’re charging a dollar just to try it and it’s $10 a month, but we’re going to be raising those prices on those and again getting into individual stocks and more of those. We’re going to talk tomorrow about just the retail industry. I mean, there’s easy trades in the retail industry and even today we’re seeing Foot Locker up 12%, down 12%. They’re reporting decent numbers but it’s near as 52 week high and yet you’re seeing some companies go a lot higher. Vf Corp is one of the ones names in our portfolio. We recommended just total steep sell-offs, saw inside of buying. They’ve been going through inventory problems for over a year and just a matter of time before they fixed them and we got in good and we’re up a lot in that stock. And now we see a stock that reported okay earnings and that stock is up tremendously from 13 to 18. Again, that’s in the portfolio I’m going to mention also talk more about specialty companies in the defense industry.

Avav is up 14%. They just announced a big contract. This is another Curzio Venture holding, the longest holding in our portfolio since 2017. We’re up over 650% on it. I think the reason why it’s still in is because I still think the stocks can go a lot higher. But if you’re looking at defense companies, the big defense companies are just so bureaucratic. There’s a massive need and you’re seeing a lot of these companies start to break through with these specialty defense companies that are getting these contracts from the DOD outside of the majors are starting to do great and that’s why you’re seeing Palantir sign so many contracts and the stock go higher and higher. It’s almost the industry for AI and everyone has to go into them to actually learn more and that’s why they’re seeing such huge, huge contracts.

I told you it reminds me of Netflix. When Netflix was the industry right and everyone was looking at it. Wow, if you compare Netflix early on to cable companies, it’s super expensive. Well, it’s not super expensive when Netflix is the industry for streaming and everyone’s trying to break into that. Okay, then it’s different. I see the same thing with Palantir and we just recommended another company. Incursio Venture opportunity just went out and another specialty defense company that’s just seeing contracts galore and revenue, sales, everything go through the roof. So it is a good industry. It’s not widely covered, but AVAV I mean I hope a lot of people made a lot of money. It’s over 200. I think we recommended it in the low 20s and again I see that happening for a lot of these stocks. It’s just a sector that’s undercover and, man, they are getting lots of contracts, revenue growth, earnings growth and that’s what we’re going to cover tomorrow on the podcast. Other than that, Daniel, are you ready for football?

0:52:42 – Daniel Creech

No.

0:52:44 – Frank Curzio

You’re not ready to see football, are you? I got a special.

0:52:46 – Daniel Creech

I got a. How do I say this? I got a question for you regarding football and ownership. I’ll save it for tomorrow, but, and last thing, we do have you can’t save it for tomorrow?

0:52:58 – Frank Curzio

Yeah, we can.

0:52:59 – Daniel Creech

Aero Environment is also in Dollar Stock Club and we’re up a little over 35% since April of this year.

0:53:06 – Frank Curzio

Yeah, that’s so great, so it’s a good trading stock and a good holding stock.

You remember my friend? My friend just told me a story. He’s like, yeah, I have this production company I’m starting and we’re going to launch a movie and it’s great and we’re getting funding and this and that. I’m like what’s it about? It’s like I can’t tell you. I’m like what the fuck did? You waste my time for 40 minutes telling me about? You know why? That was good, that was a good tease. Oh, I got a great question I’m going to ask tomorrow.

But my fantasy football draft is tonight, which I’m excited about. Different format with two quarterbacks, starting quarterbacks. They have to draft a little differently. But, um, I am interested to see my team, the eagles. On paper they look fantastic, but man, they really collapsed last year and let’s see if they got rid of their coaches. Let’s see if that’s you’re going to benefit them. But they definitely showed up the defense. Their offense is great.

I think Saquon Barkley is going to happen an unbelievable year. Unbelievable. It takes a lot of pressure off. Jaylen hurts, so uh, but there are a lot of good teams. Look at Detroit, Chicago. There’s a lot of good teams that haven’t been good for a while, that look really good, and I still think Detroit should have went a lot further last year, but football season is back, the greatest sport ever, and I think it starts a week ahead, but I think it starts next Thursday, I believe, and then Friday, which you’re going to have to pay Pe, those two streams where they playing the Eagles, they’re playing in Brazil. Right, they’re playing in Brazil. I think the Packers are playing in Brazil, which should be an amazing game, should be a lot of fun and, yeah, I like to talk football a lot, so it should be really, really cool. But, guys, questions, comments, wait for your. Frank Curzio research dot com. Daniel, Daniel at Curzio research dot com.

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