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.

Frank Curzio: What’s going out there? It’s July 28th. I’m Frank Curzio, host of the Wall Street Unplugged Podcast, where I break down the headlines and tell you what’s really moving these markets. Man, what crazy two weeks it’s been. Just came back from opening day in Saratoga, which was the 18th. I went there for about five days with my friends. We usually go away every year. We have gotten away because of COVID for two years. So, it’s just a lot of fun.

Frank Curzio: But coming back got a little crazy. I know some of you might say, “Well, you had a vacation. What’s the big deal?” Still, get very, very busy these days the last week. So, I had to fly my team here, a lot of important meetings especially about our CEO token, lots of great stuff going on which you guys will learn about in the coming weeks. Really, really fantastic stuff. And it’s always crazy when my team’s here because we have meetings all day. I want to entertain them, take them out to dinner, have a few drinks, have some fun. But it’s just really, really busy when they’re around. And plus, plus, you have to do your daily activities and updates and Twitter posts and write your newsletters and stuff. But, yeah, I do like entertaining them, plus, meetings all day.

Frank Curzio: Now, that’s just a small part of it because my kids are in summer programs. My youngest is doing gymnastics like crazy. She’s doing awesome. My oldest just started her first job, 13 years old. She’s babysitting, all those certifications, everything CPR, fantastic. I’m proud of her. I got to drop her off. But she’s making money, earning her keep about time. I don’t think I earned my keep until I was like 23. But I’ll take 13. That’s awesome. She likes to work.

Frank Curzio: So, my wife usually does so much behind the scenes driving them back and forth. I mean she does all finances. She’s amazing. But, unfortunately, she decided to get food poisoning. And that came out of nowhere. We’ve been eating the same things hanging out, doesn’t matter. I don’t know how it happened. But it happened. So, now, it’s full court press. And I’m basically the only one playing, which is not easy.

Frank Curzio: I know a lot of you have been there. I have kids. I’m driving the kids, getting dinner, dropping them off. Again, the team’s here. There, my mom out of nowhere, who’s been doing pretty good considering she has a colostomy bag for the rest of her life. She has to give her self-injection. She’s got two nurses coming to house every week, and she probably takes eight pills a day. So optimistic, so happy, just always running around whatever. But she has really bad back problems, and she can’t really walk around.

Frank Curzio: And I bought her a house. She lives a couple miles away. And now, I have to go to a house to make her food, take it out the garbage, get the mail. For me, I’m like, “Mom, listen. The best cure for this is take Vicodin and have a couple beers.” I see, you’ll be walking around tomorrow. I mean that’s why so many people were taking Vicodin. Nobody talks about that. It’s terrible. People died. Soon, everybody. Make as much money as you can. There’s a reason why billions of people were taking that drug. Like I said, is she pushing 80 now.

Frank Curzio: But anyway, they gave her muscle relaxers, and it’s making her fall asleep. And, hopefully, that back pain is getting a tiny bit better. But I’ve been through that with two back surgeries. And that pain, you just got to live through until it doesn’t hurt anymore which is pretty crazy. But again, that something else came out of nowhere.

Frank Curzio: Then, I almost forgot for some reason I don’t know why I forgot this. I have no idea. I can’t believe I forgot. But then I quickly remembered that I live in Florida. I forgot that. I forgot that for a second. I don’t know why I forgot it, since I have people working on my house, and I called these guys weeks ago. So, I need new sod for my front lawn. In November, I got new sod from a different company which the guys who install it forgot to treat it with fertilizer. So, immediately, we started coming through. I call them for a week and other week, they just stopped coming. I don’t know why. And then, my lawn kind of got lost. And it was just weeds everywhere. It costs a lot of money to put sod. It’s a brand new site right. So, I had to do it again.

Frank Curzio: So, once these guys stop coming all together, I said, “All right. Let me hire somebody else.” And I called those guys a few weeks ago. I also called guys who are replacing my window since my window’s really bad. They’re starting to fog up a lot. They’ve been happening over the last two, three years. So, I’m just replacing the windows or the glass in the windows. And great guys, and kept calling these guys for weeks. All of a sudden out of nowhere, they’re both like, “Okay. We’re showing up. We’re going to show up in the same week.” Again, everybody teams here. Everybody’s sick, going crazy. They’re both going to show up.

Frank Curzio: So, I’m like, “All right. Cool.” I don’t care about being busy. We’re going to get everything done. It’s going to be fun. It’s going to be awesome. So, they both decided that they’re still working on my grass and my windows. This is last week, and this is the 19th. Of course, the grass guys said, “Not showing up on Monday. “I don’t know why. You just said… Didn’t give an excuse. He’s like, “I don’t know. We’re going to come tomorrow.” I was like, “All right.” So, they decide to come tomorrow. And they said, “Tomorrow morning,” I think they start in the afternoon, and they didn’t have enough sod. They needed one more pallet to fill up my entire lawn.

Frank Curzio: So, they did a good job when they did that. Bunch of workers going. They did the whole thing. But they just underestimated the size when they measured it. So, it’s a pretty decent size spot, and they said, “Yup, we’ll come back tomorrow, and we’ll be done.” So, they did. They come back the next day which is Wednesday to fill out last spot. But the grass from the new pallet is much greener than the grass for the rest of my lawn. So, my lawn looks great other than that small part in the middle where it looks like the sun is always shining on. It’s just that one piece. So, that’s what my long looks like. Looks like just the one bright spot in the middle.

Frank Curzio: Now, the window guys, really cool people, I like these guys, they started on Friday, this past Friday. They were supposed to get there at 8:30 AM. I’m calling them. It’s 9:00, 9:30, 10:00, 10:30. I’m like, “Hey, when you are guys…” Oh, we’re going to be there. We’re going to be. Okay. Cool. When they come in, I think around 10:00, 11:00. They left at 3:30. And that’s a long day for people in Florida, that that’s a busy working day for Florida, that day. Not me who comes in here 7:00 in the morning and leaves it at eight o’clock at night.

Frank Curzio: 11:00 to 3:00, actually, those are really good hours for people working in Florida. So, that wasn’t a bad day. So, I thought they finished by Saturday which is this past Saturday. It’s Wednesday today. And it looks like they won’t be finished until Thursday or Friday. But yesterday said, “Hey, we’re going to beat the house at 9:00 AM. We’re going to be there early.” They came late. And today, they said, “Hey, we’re going to be at the house early today. We just got caught up or whatever.” And as of 10 o’clock, they still weren’t there. So, I don’t know if they’re going to finish Thursday, Friday, Monday. I have no idea. I mean it should be like a two, maybe three-day job. And I will push in a week, maybe longer.

Frank Curzio: So, my team in last week. My mom’s back is shot. I have to help her out. Wife has food poisoning, dropped the kids off everywhere, had these guys working on my house. No idea when they’re coming to go. I really don’t. I have no idea. My wife’s texting me, “Are they coming? Are they going,” which I have no idea. Still waiting for landscapers to put in plants or rocks around my trees. I have no idea when that’s going to happen. Yes, this is after they just installed the grass. They disappeared into thin air. We’ll be back. We’ll be back. Whenever someone says, “We’ll be back,” that’s them saying, “Bye, I’m not going to see you again,” which is I’m getting used to like the terminology in Florida. It’s pretty cool.

Frank Curzio: So, have a partners in town, all you see in person maybe once a month or every other month or so. And in the middle of all this, yeah, we have some great things going on security tokens, some amazing meetings, calls. Just this industry has opened up tremendously, guys. I can’t tell you how many people are reaching out to us to learn how to tokenize their business and assets now which is this industry is exploding. We are right in the middle of it.

Frank Curzio: And again, anyone’s who’s CEO token holder, just really, really good news coming up with token because the last remaining piece is liquidity. And it looks like we’re on the verge of getting that. So, really exciting stuff coming over the next weeks and next months and been working hard to make this happen. So, that’s very, very exciting. And that’s why I have my team here.

Frank Curzio: Also, we can’t forget its earnings season which is the greatest time of the year. So, I love to listen to all these conference calls, biggest companies in the world just reported. They did pretty well, those Microsofts, Apples. They did okay. The Googles. I’m going to break that down with Daniel later on of how much money that these guys generating that income, how much in sales.

Frank Curzio: Just over the past three months, these numbers are absolutely insane. And, yes, I know those companies all reported blow out earnings, and they fell a little bit. We’re going to talk about those trends later with Daniel. And on top of everything which is the most important thing. More important than me getting at my Curzio Venture Opportunities newsletter today is we’re officially, officially launching our first new product in about a year, which is The Big Money Report.

Frank Curzio: I say official because we’re now opening this product up to the masses. Actually open up to the masses tomorrow. Any one of you listening to this, okay, it was open a little bit earlier for paid subscribers. Now, everyone listening to this can subscribe today. Go to www.bigmoneyreport.com right now. You can learn more about it, great presentation, really excited and proud of this product, and you’re about to see why because today’s interview is with Luke Downey who we had on maybe about two months ago. He’s a 15-year vet sitting on institutional training desks like Cantor Fitzgerald, Jeffries over that time, trading anything from options, stocks, was even ahead of ETF sales.

Frank Curzio: But his job was to watch billions, billions on a daily basis change hands through institutions. So, basically tracking with the Big Money, were buying what they were selling. And now, he’s bringing that expertise to you, average investors, mom and pop investors where you get the opportunity to invest. This is key, guys, alongside the biggest fund manager in the world. So, I’m not talking about investing after these guys, which you’ll look at 13 Fs and say, “Okay. Hey, Warren Buffett bought this. I’m going to buy it later,” and you don’t even know what Bridgewater, they could be out of these things three months later even though they have to report that they owned it in a certain time frame over the past three months.

Frank Curzio: I’m not talking about buying it then. I’m talking about buying it alongside these guys. And you’re going to see charts and figures and everything in our presentation of why, why this is so important, why this strategy works. And Luke’s system involves buying some of the biggest growth names in the industry which means a lot of people stay away from these names because they think they’re too expensive. These are names that are already up 100% over the past 24 months. And I get that too when I’m looking at a stock and it’s at five, $10, or whatever, saves that 10. I’m looking at I’m like, “Man, I really like this stock.” And then, next thing I know because of 15, 17 I’m like, “Shit, I missed it.” I always look at these things like a year or two later, and you’ll see that same stock at 40 or 50. Okay. That’s the way you see when these companies are growing earnings that fast and filling into those valuations.

Frank Curzio: And we saw it with Netflix. We saw it in Amazon. These are all companies that Luke has owned throughout his career and still owned today. This isn’t like trading back and forth, back and forth, back and forth. No. These are buy and hold names that are growing earnings incredibly that institutions just started buying. And you look at Netflix, I remember people thought they missed Netflix from 50 to 150, and they were pissed off. It was a 500, close to 500, a little over 500 depending on where it is today.

Frank Curzio: Amazon went from two to 900. We recommended our newsletter around 950, 970. Again, 970, you think you missed it. What is it? 36, 3700, whatever it is today. So, this style of investing, this newsletter, it’s unique. Luke already has six picks in it. Almost every one of them are up. And it’s in a market where most stocks are down over the past three months. I’m going to break that down and talk about that later with Daniel how these are very, very difficult mark conditions even though we’re close to all-time highs.

Frank Curzio: Most stocks are down and down big over the past three months outside of a few of the bigger names which have a much larger weighing in the major indices. So, great, great newsletter. I made this newsletter affordable for everyone. It’s under $100 for the full year. Also, has a money back guarantee. So, you can look at it. If you don’t like it, no questions asked. We’ll give you money back. Really excited to launch The Big Money Report. And after this interview, you’ll see why. So, it’s my 101 with the newest team member of Curzio Research and editor of The Big Money Report, Luke Downey. Luke Downey, thanks so much for joining us on Wall Street Unplugged.

Luke Downey: It’s good to see you, Frank.

Frank Curzio: All right. So, we have really exciting times because we are launching your newsletter to the masses. We launched it to a select group of individuals and subscribers at Curzio Research. But now, we’ll launch it to the masses. And it’s The Big Money Report. And I guess let’s start there because this is something in this style of newsletter, Big Money Report, something you’ve been doing for a very long time, almost your entire career, mostly for institutions on the sell side. Let’s talk about The Big Money Report. What is it? And why did you choose to, I would say, leave the sell-side and focus on mom and pop investors, individual investors who are going to benefit greatly from this product?

Luke Downey: It’s a great question. I was looking at Big Money when I was trading all these big orders, whether it was ETFs or stocks, or options. And I just noticed, Frank, that whichever way these institutions were going, they basically led the market. And so, while it’s fun to sit there and trade and make your brokerage and your commission and all that type of stuff, what I found myself doing was talking to portfolio managers, talking to traders, trying to understand exactly what made stocks move.

Luke Downey: And of all the research that I was getting and that I was looking at, and this is going back to late 2010, 2012, 2013, that type of time, I just thought there was so much promise by looking at data. And so, me and my former boss who is now a business partner of mine, we just got our heads together, and we said, “You know what? We should be trying to track this type of order flow that we were seeing on the desk ultimately? And we built up these cool algorithms and just started to see like could we see the waves of Big Money. And, in fact, we could.

Luke Downey: And then, we honed that process over time to look at single stocks, look at ETFs, see which way the juice was going. And at that point, while I was trading there and having a great time, career was literally at highs, I just wanted to follow my heart. This is what I wanted to do. I really wanted to become an analyst, a researcher. I wanted to offer something to people, retail investors to see the market the way we were seeing it on the trading desk. And so, creating algos to look for this type of unusual trading activity.

Luke Downey: I’m telling you, man, it gives you a lot of insights that you’re not really getting on your typical news media outlets. So, that’s what it was all about. It was just trying to show people a different way to think about why stocks do what they do.

Frank Curzio: You know what I love about this product and why I’m so happy that you chose it to launch under our umbrella at Curzio Research is there’s so many investors that miss out on the stocks that you can have in this newsletter because it’s not a newsletter where you’re buying stocks that are completely out of favor, that are terrible. Usually, these are stocks that start seeing huge earnings growth. And then, they’ve gone up already. A lot of times where people want to buy a stock, and they’re like looking at it at five and it goes to 10, they’re like, “Shit, I missed it. Oh, I’m out of it. I can’t believe it.” And next thing, you know it’s 30, 40, 50.

Frank Curzio: And then, you see what the fundamentals… People forget 2003, ’04, you’re looking at Apple, Netflix, they had 60 to 100 times PEs on them. Look where they are now, up to 1000%, where people are like, “I can’t touch these things.” But your system is showing them how this momentum is gaining. And plus, you’re seeing Big Money in there. Let’s go into that because I think when investors get a look at this product, they might say, “Oh, man. You’re buying this thing that was up 100%.”

Frank Curzio: But as we’ve seen with the Netflix, as we’ve seen with the Facebooks, as we’ve seen with a lot of growth, not even the biggest ones. I’m not even like cherry-picking. If you look at some of the great technology, biotech companies, even regular companies, once they see that growth it takes off, how do you find out when to get into these names? I mean you use different systems, use the Big Money Index. Why don’t you talk about that because I think that’s going to be a big question for new investors?

Luke Downey: Yeah, definitely. So, I mean, look. We got to go all the way back. When I started trading, this was, my goodness, could be 20 years ago when I started to really dabble in stocks. There were just a couple of things that I understood intuitively. I was a researcher. And I would look back and see these charts of the greatest stocks out there, and they had a couple of things in common.

Luke Downey: One is their charts went up into the right overtime. Okay. And not all stocks did that. It was just very few ones. It’s the great ones. It’s the Amazons of the world. It’s the Apples of the world. So, that was the first thing, is to focus on stocks that are actually going up right because they usually continue to go up.

Luke Downey: But to really look inside of that chart is you need to figure out what is driving all that growth? What is driving that stock? And a lot of these companies, even though they’re in different businesses, and they have different profiles, they have the same type of revenue and an earnings growth. And so, just like what you’re talking about where you see some of these stocks, and these high PEs, people don’t want to touch them.

Luke Downey: Sometimes they’re so early in their lifecycle that you have to pay up for that growth. And then, what you see is years later, they grow into their PEs. And their pes might have started at, say, 400. And now, they might be down to 80. And then, three years from now, their earnings continue to go up and up and up. And then, it basically becomes like a utility at some point. And so, using the Big Money indicators and the Big Money Index is really showcasing that third signal that we’re looking for.

Luke Downey: So, again, as I just said, you’re looking for charts that are going up and to the right over the long-term. We’re not looking day to day or anything like that. We’re looking over the long-term. You’re looking for companies that have just great fundamentals. And, typically, those are the ones that are growing their sales year after year. They have a great product People like what they offer. They’re changing the landscape. They’re helping people out. They’re making their lives better, whatever.

Luke Downey: And then, that final thing was what I learned whenever I was trading on the trading desk is that some of the best portfolio managers out there that I knew of were buying some of the same stocks, and they were these high growth, high quality stocks. These aren’t dumpsters that are going up. This isn’t fool’s gold. These are companies that have real businesses. They continue to generate a lot of profits. And I just got to the point where over the years, I was afraid to not invest in them, Frank. I didn’t want to miss the boat.

Luke Downey: And so, my whole thing is, look, you may not win every time. But if you just get a few of these stocks, these are what I call outliers, these are the ones that just can transform your portfolio, you’re going to be sitting pretty. So, it’s a process of really sifting out the garbage and focusing on what I think is going to be the next big winning stocks.

Frank Curzio: Yeah. And it’s amazing that you say that because people look at a portfolio. And, sometimes, they want to look at it as a percentage of winners I have to losers which is meaningless because you could have 10 stocks in your portfolio. Nine are losers. You have 25% losses on it. But if you have a Netflix, you just bought probably a new island.

Frank Curzio: So, when you look at it that way, and I look at your portfolio now. And for Curzio One members, we have beta versions where we get feedback from them and say what they like, what they don’t like. It’s great when we tell our product to our customers. That’s what it’s supposed to be. And I think you have six stocks in your portfolio now. Five are up. But you’re going to see these are even your last pick which is a company that I’ve never heard of, believe it or not. And it’s, I think, there’s a $20 billion plus market cap, a growth name. But does some of these names that come on your radar?

Frank Curzio: I guess for me, when I’m looking at this is how do you look at the Big Money Index and not get that head fake because a lot of analysts don’t talk about is we’ve been doing this for a long time. And the reason why we’re pretty good at doing is because we got our ass kicked a couple of times, make mistakes, through this process.

Frank Curzio: So, how do you know where the Big Money’s coming in? And then, when you’re talking about big money, you’re looking at even the outgo trading firms that come right in. I mean the Renaissances and the Bridgewaters, I mean, these $100 billion dollar plus funds that swing money around like crazy. But how do you know when that money’s coming in and how it keeps coming in because you see that trend? You’ll see it go away sideways for six months or a year. All of a sudden, you’re going to see that big money come in, and that’s where you’re able to tailor it or tailor to buy it.

Frank Curzio: So, how do you figure out that, hey, this is for real. Big Money’s coming in and Big Money is going to stay it because it seems like once the Renaissances and the Bridgewaters get in, I feel like they’re first and second all the time, maybe Two Sigma third. But then you see like a massive amount of money pouring after these guys.

Frank Curzio: So, I guess how do you avoid the mistakes in this because I’m sure there’s been some that Big Money has come in and maybe hasn’t gone up? But I guess that’s my question. Yeah.

Luke Downey: Well, listen. After you’ve been doing this for a while, you start to focus in on kind of like a picture. It’s like if you got a great fast pitch, don’t focus on your curveball. Really, just zero in on that fast pitch. And that’s what I’ve been trying to do.

Luke Downey: And so, we’re getting a lot of signals that come in every day. You’re seeing stocks that are going up on these big volumes. And it appears to be buying in the stock. And so, what I like to do is sift all of those stocks for the fundamental characteristics. So, let’s go back to, say, January or February. What did we see? We saw a lot of buying and SPACs.

Luke Downey: Now, listen, I just had been around long enough. And look, there’s a lot of people have been around a lot longer. But I remember trading those things years ago, and they were just roach motels. And so, a lot of people were wondering why are you not recommending SPACs and why are you not looking at this just because I’ve seen this before. And I don’t know how many it was. It may have been like 500 new issues. It was something absolutely just crazy.

Luke Downey: You couldn’t keep up with all these tickers. And so, I was able to weed that process out because I have a history that tells me that chances are you’re going to lose money if you buy into these. Now, I can be completely wrong. But that was what I had learned. So, then, you start to think about some of your biggest winners that have come along. And so, some of the names that I bought years ago were like the Netflixs, the Teslas still hold those, and a number of other stocks and just listening and trying to understand what made them so great.

Luke Downey: And one of my favorite things to do is during earnings seasons even right now is I like to listen to the calls. I like to read about what the company is actually saying about their business as far as how is their business. Is it accelerating? Are they on a hot new trend? Are they guiding higher? Are analysts behind the ball?

Luke Downey: If you can do that, and there’s very few companies that are doing that, if you can just put those companies, put those together, sift out all the rest and then really just focus on is the money continuing to go into those stocks because, a lot of times, the Big Money that continues to show up in these stocks, and that means it’s pushing the stock higher day after day, week after week with great fundamentals. If you just focus on those types of companies, and they have forward guidance that continues to be above and beyond what any of the highest analysts were expecting, well, that is a recipe for just finding some superior juice stocks.

Luke Downey: And so, that’s what it really comes down to. And so, very picky, very choosy. There’s a lot of copycat stocks out there. They’re the number two or they’re the next best. Let’s just focus on the best. Let’s focus on the number one.

Frank Curzio: Talk about some of the stocks that’s led you to, that you still own today which I think is fascinating, which is awesome. And I’m a little jealous. But just talk about that system, that part of the system, and how it’s worked for you in the past personally because you’re investing in some of these names.

Luke Downey: Okay. So, this is going to be like a highlight reel, obviously. But some stocks that I have owned over the years, continue to own, and this might be in personal and managed accounts, but AIC which is just a great company. They continue to spin out great companies. Match came out of that company. Vimeo was the latest one which we’re actually on right now. That has just been a great company. Netflix, Tesla, Google, Chipotle Mexican Grill, PayPal. There’s a lot, Frank. I could be honest. But what was so great about PayPal is I remember when I first got to Wall Street and MasterCard had come out. I think the market cap was around $8 billion. And I would just read the guidance how they would just blow it away.

Luke Downey: And so, it was one of those stocks that I just gravitated to, thought it was just an amazing company. So, years later whenever you have a PayPal, and you have a Square which I own both of those, it just reminded me of just how great Visa was and how MasterCard was that it seemed like a no-brainer to invest just a little bit into those stocks.

Luke Downey: And so, you get a little bit of that muscle memory. And then, you start to see some of the guidance, and you see that they are just innovative. And what they’re doing in crypto, what they’re doing with PayPal, is doing with Venmo, and what Square’s doing, and how they’re lending to small businesses. I mean it’s a hard story to bet against over the long term. And it’s got Big Money. So, there you go.

Frank Curzio: And tell me how because one of your last pitch you say there’s money flowing into the healthcare sector. So, it’s not just individual names you’re looking at. It’s kind of sectors where it almost narrows you down because you’re seeing for the week or for the month, hey, a lot of money is pouring into the sector. Let me look at some of these healthcare and see if we can find something here where money’s pouring in.

Frank Curzio: It seems like it’s a top down and also a bottom-up system. So, top down, when you’re looking at sectors or even the economy or seeing money flowing. And then, bottoms up where you’re picking an individual stock. But it seems like this is everything incorporated where it’s not, hey, this system told me to buy this stock. No, you’re listening to conference calls, you said. You’re looking at earnings. It’s almost like your secret sauce on top of this. But how do you use it to really find what’s coming in and out of sectors which is I think it’s just as important?

Luke Downey: Yeah. So, each morning, we come in, and we’re looking at thousands of stocks every day, and we’re trying to see which ones are seeing this big money activity. So, that is the sifting process there. Then, from there, we’re able to separate it out by sector, and we want to see just where is the money going today. Where has it been going last week? Where is it going? What’s the trend the last month? As an example, what’s been going, down what’s been getting sold recently has been Chinese stocks. What’s been going up recently over the last couple of days has been these mega cap growth just high quality stocks, pretty thin breadth. But those are the names that are leading the indexes.

Luke Downey: So, you’re able to see that. You’re seeing the wave of money. And then, you take all those stocks. You rank them by fundamentals from one to 100 effectively. And then, you really go into the process. And here’s the thing. So, we’ve been looking at this for close to probably 10 years. What I have found is it’s the same stocks over and over year after year that continue to rank the highest and see the most Big Money going into them.

Luke Downey: So, whereas you’re seeing healthcare stocks are going up, it’s a lot of the same names that continue to just get that big money like Intuitive Surgical. It just continues to blow away numbers. It continues to see big money. And then, you also see a lot of other companies that are similar healthcare companies that are very profitable. They’re instruments companies. They develop some type of machine. It’s all the same. And you just see that the Big Money just kind of piles into sectors. Maybe, they’re going into energy one day.

Luke Downey: They’re going out of growth one day. They’re going into small caps, all that stuff, and you kind of get to see the narrative. So, that’s like the big picture of what’s going on. And then, inside of that is to really hone in on where are the outlier stocks. Where are the best ones. You see them. They come on your radar. You start to see that Big Money day after day. I just go in and look under the hood and just try to understand the business. What’s their guidance? Are they making money?

Luke Downey: And then, every now and then, it’s like a slow fat pitch comes along that you just want to take a swing at.

Frank Curzio: And I mentioned this earlier. And I can’t stress this enough because even for myself, sometimes, when I’m looking at stock, I’m like, “Wow.” You just get so busy. I’m like, “Wow.” I just saw the cordless, the conference call. That’s really interesting. The next thing I know, it’ll go up like 25 in two weeks. I’m like, “Shit.” A lot of times, you think you miss it. But when you’re looking over the year, this company, it’s just getting started. How do you convince investors because it’s easy on the institutional level? It’s just, “Hey, money flow in and out. There’s our system, whatever.” But convincing people to buy a stock, that’s already up. When they see the results, and they read your system when they sign up for your newsletter, they’re going to understand it. But you explain it now because that I think is the biggest challenge for investors.

Frank Curzio: I just feel like so many of us say, “Oh, I missed it. I was going to buy this. And I missed it. I missed it. Those are the same stocks that are up two, three, four, 500% percent over the next two three years. Is it something that you have to trigger with them? Is it a trust issue because it’s almost like we’re looking at something that’s a blue wall. But you try to say, “Hey, you know what? You got to look beyond that.” And it’s like investors can’t look beyond that sometimes. I think it’s a tough task. But bringing this to individual investors, I guess, is it how do you explain it to them to say, “Hey, listen. Just trust me. This system, this has been working.”

Frank Curzio: When they’re going to be buying stocks that are very good names, quality names. But they’re probably well off their highs. And again, those are the stocks that tend to go higher especially in this market with zero interest rates are staying here forever, more money flooding the market infrastructure and perfect conditions for these large cap grow stocks that continue to grow and grow and grow.

Luke Downey: Sure. No. A lot of people, they get into investing. Listen. When I started, I wanted to get a good deal too. It’s just like whenever you go to buy a car, well not now because there are no cars. But typically, when you go to buy a car, you want to haggle. You want to like, “Hey, can I get a discount? It doesn’t work that way in the stock market.” The best companies out there, the Fifth Avenue Real Estate of stocks rarely comes on sale just because these are the dominant companies. These are the ones that are game changing, changing the world.

Luke Downey: And I think a lot of new investors, they either have to learn that or they get out of investing. And so, the message that I try to teach people is always have a message of teaching, by the way, just really saying, “Look. There’s a reason Apple continues to go up year after year after year, decade after decade. Very rarely are there sell-offs. And then, when they do, it doesn’t last that long and especially we’re seeing that in this market since the pandemic even including the pandemic, things just go straight up. And it’s the same stocks that keep going up.

Luke Downey: So, the Big Money is just gravitating to a lot of the same players. When big portfolio managers want to get risk on, typically, they do it the way they always do. They go buy a certain sleeve of stocks. Usually, the high quality ones. And that’s how they do it. So, I have always found that if you’re looking at the bottom of the barrel, you’re going to get bottom of the barrel returns.

Luke Downey: But if you’re really trying to look for the best quality of anything, the top shelf, you are just going to have to pay up for it. And these companies, they will eventually grow into their PEs. They will eventually become utilities. They’ll probably pay a dividend. And I think it takes a while for new investors to understand that, that if you’re trying to find the next Amazon, if you would have bought it at any point basically over the last 15, 20 years and if you would have held it at some point, you would have made a lot of money.

Luke Downey: And so, if you can kind of show people that that is the playbook, that is what has worked in the past. It’s’ probably going to work in the future. Usually, they come around.

Frank Curzio: Now, take us through someone who’s just subscribed to your newsletter. What are they going to see? So, it’s the pick. You have a companion report what you write. I know you’re going to have a stop loss for each company which limits your risk. And a buy.

Frank Curzio: But talk about what they get because I think people want to see that even though there’s a money back guarantee, you could see it and cancel if you want all of our product. Our front-end products have that because we want to be open and upfront because we have really good stuff. And when you see it usually people subscribe long term. Yeah.

Frank Curzio: But what are they going to do as soon as they get in there because I know there’s also a page where you teach them your system, and they have a whole full report on it. But also, what about the pick specifically because everybody wants to get the pick. And when they get the pick, go through that process. I think it’s going to be pretty cool.

Luke Downey: Sure. So, basically it’s going to be four parts. So, you come in. And I try to talk about what’s in the news, what’s the headlines. The headlines dujour. So, as an example, we have a new pick that’s coming out tonight. And so, I go in. And I start talking about the headlines.

Luke Downey: So, what are the worries that investors are faced with? Right now, it’s inflation it’s interest rates, the variant. And then, I try to put some type of perspective in there. I’m trying to see if I’m worried about that, if I’m not worried about that. And then, I will talk about the big money. Okay. I’ll talk about like, well, does all of this fear, all of this anxiety, does it fit the narrative of money going in and out of stocks.

Luke Downey: And, usually, it doesn’t. Sometimes, it does. But as of right now, it really hasn’t. And then, we start to talk about things that are coming up. So, it’s the summer. It gets a little bumpy. You got a lot of your traders. They’re out at the Hamptons. They’re sipping rose. They’re not sitting here trading their stocks. And so, for that, we need to expect a little bit of volatility. You have hurricane season that comes in the summer. Same thing happens for stocks.

Luke Downey: So, you kind of want to give everybody a little bit of a heads up of what to expect. And then, also back that up by data. So, then, we go through some really cool data and talk about where’s the money flowing, what sectors? What’s the Big Money Index doing which is basically an indicator that is looking for if money’s going in and out of stocks because you want to be on the side of that on the short-term.

Luke Downey: And then, finally, we will come up with our narrative like what’s the outlook for the next month before I do another pick? And then, we get into the stock pick. And I will talk about the story a little bit just so we can familiarize ourselves with the story. Talk about why this is interesting, why this is unique, how it came on my radar.

Luke Downey: Then, I will usually talk about the fundamentals and talk about prior guidance, prior numbers which way they’re trending, why I think analysts are behind the ball here and, basically, talk about the long-term narrative here. So, again, we’re not going to be looking for stocks to hold for a month. We’re going to be looking for a year plus.

Luke Downey: I mean if you want to make big money, that’s the way I found to do it. It’s not day trading. Then, what we’re going to do is we’re actually going to have that picture and then actually see does the big money actually line up with that. We’re going to look at some really cool unique charts against that stock to figure out is big money going into that stock? Is it a high quality stock? Does it rank really high? What’s the market cap? What’s the sales growth? All that type of stuff.

Luke Downey: And then, finally, we’ll have this buy-up two price. By the end of the video, hopefully, you’re pretty bullish because I’m not a bearish guy. Stocks, they just go up. The great ones do. And then, finally, we’re going to go over the portfolio. We’re going to talk about which ones are kicking major butt, which ones are not. Right now, just about all of them are doing really well. So, we’ll do a little cheerleading. And then, that’s it.

Frank Curzio: You said something under your breath there which I don’t think people caught because if everything you talked about, if you’re reading that in a 12-page report, it could be a little tough. What I love about this and what I’m trying to get all editors to do and it’s very difficult, is to do video. When you do video first, you see the passion behind each pick. Then, you get educated. Then, you share your screen.

Frank Curzio: And people see exactly what you’re looking at because we all know we’ve been in this business for a while. This is my life basically, is people going to buy stocks outside of your newsletter. They’re going to get tips from whoever, and they could use these tools, so, the educational component. But the video, it’s tough because you have to have personality. You have to be good on camera. And I have to tell you, thus far, getting very, very positive reviews. I feel like you love the camera.

Frank Curzio: You like being on. I like being on as well. It seems, to me, it’s real. You really don’t know who’s writing. And even if they are writing or they’re not writing, but just to see it and educate. You see the passion behind it. And the reasons why you’re buying it. I mean how does that feel because I know that’s a little bit of a change of pace?

Frank Curzio: But as soon as we said it, you’re like, “No. No. definitely want to do video. This is great.” And every single pic so far has been a video pick. And going forward, it’s going to be video two.

Luke Downey: I find that it’s easy. I mean you sit there. And whenever you’re writing, something happens. You could get a block that you need to say something a certain way. But when you do it in video, there’s things that you can do. There’s your mannerisms that can tell you like… You can tell when I’m excited about a stock. You know the seeds of greatness are in this stock. I’m going to be getting super excited.

Luke Downey: If it’s something I don’t believe in, there’s just no way that I’m going to be able to tell you a story that I truly don’t believe in. So, I think video really helps the user, the consumer really understand your process. They understand your personality. They start to understand what it is that you’re doing. And then, hopefully, they can start to do some of this stuff on their own because you can give people fish. But teaching them the fish, I think, is really the end goal here.

Luke Downey: And then, I think it’s easy to leave a response too. So, if you ask people, “Hey, what do you think about this? And send me some feedback. Do you like it? Do you hate it? Whatever.” I feel like if they’re looking at your mug, it’s a little bit easier than, like you said, anybody could write print. We could slap our name on it. But a video, you can’t fake that.

Frank Curzio: No. You can’t fake that at all. And yeah, that’s well said with video which is really, really cool. And by the way, guys, if you want to see this, this is on our Curzio Research YouTube page video. But a lot of people do listen to iTunes. Just listen to the audio. But we tape all of our interviews, tape of all our podcast now which is cool.

Frank Curzio: I guess last thing here which everybody loves is maybe some sectors, I don’t want you to really give anything away in the portfolio or some stocks maybe that you’re looking into earnings season that hit your list. And, yeah, it might be real difficult to buy something a week before earnings like we saw Ups, I mean, just come out. You’re like, “Wow. UPS,” and delivering products like crazy. Everything’s great. And then, they kind of said, “Well, we’re not sure about the guidance which I think we’re going to see a lot in this quarter because supply chain is hard.” That got nailed.

Frank Curzio: So, what are maybe some of the things that you’re looking at or maybe through earnings or even if it’s a sector that you’re seeing money start to flow into, and you’re paying attention because like you and I, we really focus on earning season. And, man, we’re right in the heart of it especially next three weeks. We’re going to see tons and tons, hundreds and hundreds of companies S&P 500 report.

Luke Downey: Yeah. No. I think there’s two places that I really like. And the first one is going to be medical devices. There’s a few companies out there. It’s the ones that are growing their sales and their earnings. And a lot of them have already reported. And the numbers have just been so spectacular.

Luke Downey: I think that that’s a trend that you can bet on, is it’s a healthcare, proxy. Are people going to continue to get operations and do different things in their body? Maybe, there’s some that that help in a number of ways. If I start talking about some of the specifics of these companies, you’ll probably know because there’s very few that do what I’m thinking about. But I would look at medical devices. They’re really hot right now. The healthcare sector is looking really good.

Luke Downey: Also, you can look at some of these companies. They’re dividend growth companies. Love dividends, man. That’s the bonus level of investing. Semiconductors which we’re writing a column every single week that’s on your website that comes out, I believe, on Mondays unless they change that. But it’s usually on Mondays Semiconductors have been really hot especially with the supply chain issues.

Luke Downey: There are a couple of big time winners inside of that group. A number of them are going to continue to be reporting over the next couple of weeks. I think that is going to be some of the biggest winners out there. And if you could look back and think about NVIDIA years ago, it was such a Big Money magnet. It continues to be. But there are going to be other players like that that are going to most likely have the same type of profile on a return basis going forward. So, that’s where I would be.

Frank Curzio: All right, man. So, listen. We’re going to leave it there because I can keep going, going, and going. So, yeah, talking stocks with you all the time. And Luke came down here. We met in-person and had a really great time, and you met the whole team. And we’re really excited to launch this thing. And I’m excited you chose us. I like original products as original. You’re not going to find things like this throughout our news.

Frank Curzio: We have small cap newsletters that focus on growth. But not what you’re focusing on where I think a lot of mom and pop investors miss these names because they just feel like, hey, they’re late to the party. I can’t buy Microsoft at 250. And now, it’s 370. So, these things keep going higher and higher. But excited to launch this thing, guys. This is a newsletter we made affordable for everyone. It’s under $100 a year. And there is a money-back guarantee which again you can look it and say, “Wow, these guys are full of shit,” and get rid of it which I know is not going to be the case. But, yeah, if you give it a try, it is unique. It is an awesome letter. And I’m really excited to launch it. I’m glad you chose us to launch at Curzio Research, man.

Frank Curzio: So, looking forward to our relationship, looking forward to getting some subscribers. Again, officially launches today. And really great stuff, Luke. I really appreciate coming on board.

Luke Downey: Yeah. No. I’m excited to work with the team. I like everybody I like your real raw attitude when it comes to stocks and all that type of stuff. So, whatever the price point is I still think it’s too cheap for the value that you get. But again, we’ll let the consumer… If I had this, when I was starting out, who knows where I’d be today, Frank?

Luke Downey: But, yeah, it’s going to be a lot of passions, can be a lot of work, and we’re going to be focused on quality. And at the end of the day, that’s where the winners are.

Frank Curzio: And I’m not going to lie here either because you are going to come out with a special newsletter. It’s going to focus on options using the same strategy that we will be charging a lot more money for, more specialized. That’s coming out a couple months. But once you see what he’s all about, and this system how to really take advantage of it, it’s going to be really, really cool. So, excited to launch that Big Money Report first, and thanks for coming out, man. I’ll talk to you soon.

Luke Downey: Thanks, Frank. Have a good one.

Frank Curzio: All right, guys. Great stuff from Luke. Again, that special offer is available to you at www.bigmoneyreport.com which is podcast listeners to subscribe to that today, and that product’s under $100 a year, provide a really great bargain for that, 30-day money back guarantee which means you can cancel whenever you want, no questions asks.

Frank Curzio: I mean we really focus on our customer service here. We don’t want people bitching, “Oh, we can’t cancel,” and tell everybody that Curzio Research is terrible. I just never understood that why people do that make it difficult. But I want to hear from you if you subscribe. And even if you subscribe and decide to cancel it within 30 days to get your money back. I mean we create products at Curzio Research that our customers want. We listen to you. That’s why I tell you to email me frank@curzioresearch.com.

Frank Curzio: So, again, positives negatives, how can we improve this product. Also, I’ll share Luke’s email with you as well once we have that up and running. And he’s just really, really, really excited to launch this product because it’s unique. I feel like investors do not get into a lot of these names because they’re very, very expensive. And they feel like they miss the boat because they’re up a lot. But you’ll see these names continue to hit new highs, new highs, new highs like they have over the past seven, eight years.

Frank Curzio: But Luke’s job is to get into these names like the next Netflix, the next Amazon, the ones that are growing earnings tremendously that are off people’s radar because they seem very expensive right now, and that’s how he does it through tracking where the big money is going. He’s been doing it his entire career. I’m so glad he’s bringing that system and bringing this style to individual investors and very, very honored and humbled that he decided to launch this newsletter at Curzio Research because I’m sure he could have launched it through any of our competitors because that’s how good this newsletter is.

Frank Curzio: So, again, questions, comments, feel free to email me, frank@curzioresearch.com. And if you want to see this podcast, you can subscribe or learn more, watch the whole entire thing or presentation of why we put this newsletter together and why it’s so special, and that’s at www.bigmoneyreport.com. Now, let’s bring in my buddy, Daniel, senior research analyst.

Daniel Creech: Frank Curzio, what’s happening?

Frank Curzio: Man, a lot is happening. Yeah. And I wish it was really dialed down on the personal end a little bit because I just had a little rant of everything going on in my life which is absolutely crazy right now. And again, everybody has these problems and stuff going on. Hey, just when everything gets, I want you like shit. But I kind of like when it was a lot of chaos.

Daniel Creech: You do operate well under chaos. I’ve noticed that. That’s differences about us, Frank. And I mean as a compliment. Some people enjoy like, “Hey, this is going to be a busiest hell day.” I’m more of a planner in that sense. I don’t mind the busyness. You’re a lot more calm when shit’s hitting the fan than I am. I respect it.

Frank Curzio: You know what? I don’t know if it’s because that’s how I grew up and it’s so fast. But I didn’t realize how fast-paced it was until we came to Florida where if the light turns green… I’m talking about it just turns green, and you’re the first car there and you don’t go, they’re on the horn beeping. Here-

Daniel Creech: I respect that.

Frank Curzio: And here, it’s different because you don’t realize your condition. Wherever you live, you’re conditioned a certain way because the way you to talk. And when people are in front of me, and that like changes, I’m like shaking. I’m like, “Why am I shaking? What am I shaking for?” It’s Florida. You can wait 10 minutes and miss two lights in a row and people are cool with it.

Daniel Creech: You can move out of New York, Frank. You can’t take the New York out of you.

Frank Curzio: I know. You really can’t.

Daniel Creech: Hey, we do have a lot of stuff going. We got China crack down. We got earnings, Delta variant with the whole coronavirus. How do you want to kick this puzzle off?

Frank Curzio: For me, I wanted to start with the Olympics. I don’t know if you saw the Olympics.

Daniel Creech: Oh, boy.

Frank Curzio: I just want to start with Olympics really quick because a basketball team lost. A woman’s softball team lost. Women’s soccer team lost. Now, the woman’s dancing team, they got the silver medal, and a big controversy. And, guys, I want you to watch this. I don’t know if you watch it. You might have read a lot about it. But I need you to watch it because I watch it yesterday. I watched the whole thing because I taped it because my daughter’s in gymnastics.

Frank Curzio: I wanted to see what exactly would happen with Simone Biles. And she basically had mental issues. She said that she basically walked out on her team and quit. And a lot of people who have the mental part, I get it. I understand. But when you have mental issues, that doesn’t happen like on the day. It doesn’t happen on a date because her performance was bad the day before, getting into trials. Performance has been weak for her standards, pretty much the past few months. And even into the Olympic trials where they select the team. Now, she’s on this team, the veteran. She’s amazing. She’s a million times better than anybody else. She’s one of my favorite athletes in the world. I love this girl.

Frank Curzio: And there’s three other girls on that team who busted their ass for four years just to make that team. And Simone Biles basically quit on her team. She went once. She didn’t do good on a vault. She had to do another vault which she missed. And then, she just said, “I’m not doing it anymore.” And it was almost resulted in an immediate loss where you could have put any other girl in the top seven. The next five girls, you’re going to put on that team and the US would have won the gold medal, and that is…

Frank Curzio: I mean you look at the Fab Five and how popular they got… Yeah. This is the event. When I think of summer Olympics, I think of women’s gymnastics. I think of that in the 100 meters. For some reason, that’s summer. And what I saw and what you’ll see and people might say, “Well, Frank, it’s mental issue.” I respect it. You knew this was going on a couple months ago. Okay. And you walked out on your team. For me, for someone, I play with a hairline fracture in my ankle in the championship game. And I taped it up, and that was about 25 years ago. My ankle is still fucked up since then.

Frank Curzio: For me, I’d never ever walk. I’d rather hurt too bad on all the events and not get hurt, of course, than… And even if she did, there’s a shot that they would have won. But when you see it and the way it happened and just her team going like, “What’s going on,” and they’re trying to say it at the beginning, it was an injury and it wasn’t an injury. She was like, “I can’t. My head’s not in the right place.”

Frank Curzio: And that doesn’t happen from the best in the world, the best ever at this sport. And for me, that really bothered me. I was like, “Man, you just..” And she just stayed out there was cheering the team and everything. And I don’t know, just the whole Olympic thing. I’m watching it with no one in the stands, what a freaking joke which again, to me, that pissed me off. Again, I had time to watch that with my daughter. And even my daughter was like, “How did she quit? How did she quit?” I’m like, “Yeah.” I get the mental issue part. I’m not trying to downplay that. But that doesn’t happen five minutes before you go out there. That’s been happening for a while. If you look at the past performance in the past six months, she wasn’t all there. A lot of pressure on her, I understand that. But you got to think of those three other girls who busted their ass to get there. They made that team. And it was supposed to be fantastic, and they’re the best in the world. And the person that you think is supposed to be there, and be the veteran, to come everyone else was down, wasn’t there. Anyway…

Daniel Creech: Last thing, is it over or-

Frank Curzio: Now, she just announced she’s not doing the individual either, which I think, if she was an individual, I would have been pissed because if she did the individual on one and then lost the team event because she kind of quit-

Daniel Creech: Okay. Gotcha. They still have events.

Frank Curzio: Yeah. An individual now. But the team, that’s a big event, the team event.

Daniel Creech: Yeah. Absolutely.

Frank Curzio: That’s really cool. You watch that. They’re all pumped up. And congratulations to Russia. They did fantastic. Those girls were awesome. But, yeah, it’s just a sad story. And again, just looking at Tokyo… I mean why are they pushing this Delta shit so much? I mean it’s so crazy.

Frank Curzio: Now, they’re saying if you have the vaccine, you could get it. 95% chance, you don’t get it. And now, they’re like, “Well, you could get it.” There’s a possibility you can get it. And what they’re pushing the agenda is everyone that’s getting it is getting at the new Delta strand. But what they stopped reporting all of a sudden? They stopped reporting deaths. They stopped reporting deaths, all of a sudden.

Daniel Creech: Who did?

Frank Curzio: Everybody. And nobody saw… Everyone, “Oh, new mask mandates are coming in.” That’s the end. That’s the figure that matters is deaths. When it comes to COVID, it’s deaths. You can get 50 million, seven billion people have it. If nobody dies, it’s not a big deal. But if a lot of people die, that’s the problem.

Frank Curzio: Right now, if you look at the deaths, and this is based on the last week of data, it’s less than 100,000 people are going to die from COVID which is way too much, way, way too much. I get it. But if you look at almost every other thing, if you’re looking at heart disease, it’s like 600,000 a year. You’re looking at Alzheimer’s is over 100,000. All these other things are over 100,000. Now, you’re closing stuff up. You’re forcing it down our throats. I don’t get it.. I don’t see it.

Frank Curzio: Every business across the board, you’ll get Coca-Cola, Boeing just reported. You look at all of them saying, “Hey, we’re not seeing any impact from Delta.” But for some reason, if you look at a media, it’s back out there. You’re going to die. You got to wear your mask. You got to immediately get the vaccine. If you don’t get the vaccine, you’re like a leper. I mean, seriously, if you don’t get the vaccine, it’s like you’re a terrorist.

Daniel Creech: Well, the good news, Frank, is that’s all going to get a lot worse unfortunately. Yeah. I noticed that yesterday, President Biden said that the pandemic is because of the unvaccinated. USA Today has a headline about maybe the vaccinated people can help spread the virus. Yeah. The thing that has my attention right now is, just to your point, you’re seeing a lot of headlines about warnings, about new mask mandates and “hot spots.” So, the places that have been open the longest, Texas and Florida, obviously, are the big ones there.

Daniel Creech: You then have the media and regulators saying, “Hey, you could have more shutdowns.” And then, you have the exact opposite. So, I think Europe or Britain just opened their borders to completely vaccinated people. And then, to your point, Delta, Starbucks yesterday said, “We’re not seeing any difference from the Delta variant in customers.” Now, this is all halfway recent as far as the Delta in the big picture, and we’re reporting or reading reports from companies the last couple months. But they have their foot on the pedal. They’re paying attention to what’s happening now.

Daniel Creech: So, it’s very easy to say, “Hey, we had a great quarter. Comps are great because a week comps over the shutdown in 2020 from the coronavirus.” However, they could warn or give momentum to what they’re seeing right now. And everybody’s doing that. So, unfortunately, it’s going to be a wait and see on how all this plays out. But the big threat there is, Frank, what if they actually say, “Hey, you got to shut down certain business in local hot spots?” What’s the market going to do? How do you not have volatility from that, I guess is my point?

Frank Curzio: And that’s what you’re seeing now. You’ve seen that volatility where people for a couple days. You know how the markets are. For two days, it was like Delta. Market’s crashing. Get out. And then, it hit all-time highs a couple of days later.

Frank Curzio: With the Fed mandate of inflation’s transitory. Inflation’s transitory. I mean they can’t say it’s not transitory or they’re going to have to. So, basically, it’s by saying transitory means that no matter where the hell it goes, the CPI who gives a shit, even though that index is meant to never ever, ever, ever show inflation no matter what is up to 5% now.

Frank Curzio: So, it’s 2%. It can go to 15. It can go to 80%, and they’re going to be like, “It’s transitory.” It’s such a fun word. It’s kind of like just stay. It’s like shut up. We don’t care. But in real life, you’re seeing it. You’re seeing it across all these companies that are reporting who are drastically raising earnings and also you know what’s interesting trend that we’re seeing, and I don’t want to get too much off the points because that’s something I’ll say about the vaccine really quick. But what I’m seeing within companies is if you beat, you’re not really getting rewarded that much.

Frank Curzio: But if you miss, holy shit. I mean we saw that with Boston Beer. We saw that with Netgear, I mean companies that have gotten smashed. UPS is another one, and you’re also seeing, what? You’re seeing supply issues finally hit these guys which means it’s very difficult to forecast guidance. I don’t know how Ford and GM are going to forecast guidance. I know you still can’t get a car for nine months easily. They’re saying, “It’s over. It’s worse this quarter than it was last quarter.”

Frank Curzio: And I don’t see this working itself out this year. No way. But, guys, you have to remember what’s coming up. What’s coming up in December? What’s coming up in November? Black Friday. Now, all these orders, all these products, right now, you’re talking about the supply chain issues going into the heart of that quarter where most companies make the most money.

Daniel Creech: Yeah. Absolutely.

Frank Curzio: And now, what are you going to do? I mean you almost have to over order just increase inventories dramatically because you don’t know what the hell is going to go on with the supply chain. Also, there’s a bidding process with the containers right now. Whoever bids the most which is the biggest companies are getting that spot with the containers because there’s a massive container shortage.

Frank Curzio: So, once you lock in, how does a small company compete with that? And you’re seeing it show up where out of nowhere, some companies warned and said, “We see major supply issues.” Texas Instruments is pretty bad. And others are getting it done. But you’re seeing a lot of volatility and earnings where you’re not really getting rewarded, Daniel. But yet, if you really beat, but if you miss, you’re getting destroyed. So, just understand that logic going in because the next two weeks, three weeks, even you’re going to see almost every single company report S&P 500, lots of small caps. If you’re thinking about buying something before they report earnings, be careful because the risk reward is definitely not favorable.

Daniel Creech: Yeah. Absolutely. That’s a good point because that’s just going to test your emotions, and this may be boring. But I hope everybody pays attention because earning season is fantastic not only because you have to track the companies that you’re invested in or portfolios or whatever. But it’s because you can take information from so many different sectors and try to build a thesis or back up your thesis going forward. So, you want to look at guidance. You want to look at buybacks. You want to look at capital allocation and such.

Daniel Creech: But to your point, Frank, you just got to think about reality. A couple of the names that I can’t wait to see report, I believe they both report on August 2nd or August 5th. But Boise Cascade is a wood products building material company, and their stock is well off the highs. I think it went over 70 during the huge housing boom and stuff. It’s pulled back significantly.

Daniel Creech: I don’t have a position. We haven’t recommended it. But my point is that you can read through that transcript and earnings call and see what they’re talking about with prices. See what they’re talking about with demand. CNBC just ran a headline earlier this week about how the housing boom is over because it’s done. And, maybe, it is. But not don’t get so quick to just think that things end. Trends don’t end or begin on a single day. So, get out of that mindset as a day-to-day kind of thinker.

Daniel Creech: And then, Hanesbrands. I talked about this, Hanesbrands and Intel, when I did the Frankly Speaking a couple weeks ago for you, Frank, Hanesbrands with the Delta and the new mask mandates coming back, Hanesbrands owns the majority of their supply chain. Okay. That’s one of the things that has me interested to look at their earnings because if you have supply chain crunches, plus, they get 60-some percent of their cotton from America which means that over other retailers, you should have an advantage of supply chain, management and/or margins.

Daniel Creech: Last year, they got a boost because they were just like innovative capitalism countries and corporations do, you fill gaps. You feel needs for society. So, when mask mandates get mandated originally, what happens? A lot of companies started manufacturing, what, mask. How many companies switched over to help with ventilators when that was a big deal, and we had shortages? No. That’s what happens.

Daniel Creech: Well, they got a good boost. I don’t remember the number. I don’t want to exaggerate. But it was a good earnings boost because of creating masks, manufacturing mask. If they comment like that, next week when they report because masks are now being mandated a lot and all that, they could get a boost. So, just pay attention to what’s going on. And they have great brand awareness. They’re internationally, and that’s a good segue because we got to talk about China real quick.

Frank Curzio: Yeah. We talk about China. And just real quick with the housing, guys, demand is off the charts, and there’s no supply. I mean prices are going to continue to go higher. I wish it was close because just looking for real estate or trying to buy a house, again, I’m always looking for real estate. But for you to think that this is over based on a couple of figures, I mean you see the delays. If you really look at the home builders in some areas where they build these houses, and they own the whole area, and they build it specifically for that area, those homes, there’s a shot that if you go in there that you’re not going to be able to get one of those homes, a very, very good shot.

Frank Curzio: And I’ve seen that already. I’ve seen that even in Jacksonville and other places, and hearing from real estate agents where for you to think that this is over when interest rates are staying low forever, the fed’s going to keep raising them forever. They’re not going to raise them for a very, very long time. Probably, past 2023, we all know that. They just won’t. They just won’t. They’re not going to do it before the midterm elections, of course.

Daniel Creech: 2023, I like that. We got a number on paper.

Frank Curzio: 2023, maybe. Maybe. But they’re not. I mean if they’re not doing it now, records at all-time highs, home price all-time… inflation through the roof, everything, and they continue to say this transitory bullshit without identifying what transitory means. Is it three months? Transitory is brief. It’s supposed to be three months. We’ve had inflation for three, four months now. It’s going to go out well into this year’s supply chain issues and everything.

Frank Curzio: So, we’re looking into 2022. But I guess that’s still transitory. Maybe two years is transitory. Maybe, three is a transitory. But again, the Fed by saying transit story doesn’t have to say anything. That’s all I have to go up and say, “It’s transitory.”

Daniel Creech: Frank, we need a Wall Street Unplugged drinking game. Next week-

Frank Curzio: That’s a perfect word.

Daniel Creech: We’re going to drink every time we say transitory.

Frank Curzio: That’s a perfect word. Whenever I do something like that with my wife, I’m going to tell, “I guess it’s just transitory. It’s transitory.” I’m not going to do it again.

Daniel Creech: Report back to us. Let us know how that goes over.

Frank Curzio: It’s just for now. Yeah. I’m going to use that word a lot. I got to use it like the Fed. That’s a great, great word. I mean, transitory, that’s a freaking awesome. Good for them. I don’t know who came up with that, man. But they should get a raise immediately at the Fed.

Daniel Creech: Good for you.

Frank Curzio: That’s such a great word. So, talking about these earnings, another thing I realized is, look, the large caps. Before we get the chat, the large caps are doing very, very well. We just saw the majors’ report. We’ll break down those numbers in a second. But you have to focus, and you should own companies that have pricing power. You know what has incredible pricing power right now? McDonald’s. You know who has incredible pricing power? Chipotle. You saw those numbers come out. You know who doesn’t? Starbucks. Starbucks came down. They don’t have that kind of pricing power, and the supply chain issues.

Frank Curzio: If you go to Starbucks, you’ll know because I’m a tea guy. Feel free to make fun. They don’t have English Breakfast Tea anymore. I go there to order a protein box. They don’t have it anymore. Almost anything is out, and they say, “Sorry. We have supply chain issues.” Still have supply chain issues. Plus, they’re leveraged to China. And be careful there because China is a growth engine of the world accounting for 40% of GDP. I know everything about China. Why? Because that’s why I thought the market would absolutely crash when COVID came here because China, they absolutely closed China which is the growth engine of the world.

Frank Curzio: Make sure, if you’re buying a company, how much sales are going on in China. Apple, you don’t have to worry about because Apple’s with the government in China. So, they’re fine. But a company like Starbucks is a little different. So, you not only have supply chain issues. But now they have China issues, and you’re all over this China thing. I mean it’s industry by industry. So, I just saw a price target from one of these educational companies go from 55 to eight, the price target. I mean everybody’s like running for great. I mean holy cow.

Daniel Creech: Yeah. So, to your point, yeah, I mean Apple reported blockbuster numbers. Starbucks is still looking to grow stores over there in China. But it makes you look and think what’s next because they started with… China is a controlled country. They hardly let capital out. Only capital flows in. That’s the regime. That’s the way they have power over there.

Daniel Creech: What’s changed recently is just them enforcing or cracking down. So, we saw that with Jack Ma, how kind of disappeared, not kind of he disappeared. Alibaba has come back down off its recent highs. They shut basically down. And Ant Financial, which is an arm of Alibaba, is to go public. Then, they went over to DiDi just a couple weeks ago. They pulled the app. Tencent, which has the most popular social media instant messaging, WeChat that everybody uses or a lot of people use.

Daniel Creech: What if they just changed their mind and said, “Well…” And, yeah. I’m being extreme here to make a point. But look at what’s going on in stream. They crack down on online education. TAL, if you have a chart TAL, Frank, that stock was over $50 a share, I believe, this year.

Daniel Creech: Now, I got to give some credit to some short sellers that I follow on Twitter. They’ve been calling that name out for over a year. You could argue they were wrong or they were early. But, man, even though the stock has popped yesterday, and I think today, again. It’s absolutely gotten smoked from its, what, do you have that chart up, TAL?

Frank Curzio: Yeah. I’m going to put up right now.

Daniel Creech: Was I thinking correctly which is over –

Frank Curzio: It’s up 15% today. But it was 20 two weeks ago. And it fell to five bucks, actually four bucks. And now, it’s like six.

Daniel Creech: And the point there is that they can do anything. They don’t have to go through procedures or anything. So, what if they told Tesla, “Hey, you’re done expanding, or Starbucks, you’re not allowed to open up any new stores.” That brings a big risk. And I encourage everybody go to… Kyle Bass did an interview on CNBC. Was it yesterday or the day before?

Frank Curzio: I think it was yesterday. I like Kyle Bass. He’s good.

Daniel Creech: And he made a very bold statement that, at first, I thought, “Okay. That’s a bold statement,” and just kind of for attention in a sense. But it was so accurate because he said, “Fudiciaries, how do you go from being a fiduciary for somebody and recommending that without opening up the door to tremendous amounts of lawsuits if things go bad?”

Daniel Creech: I mean there’s a lot of people that are going to get smoked off. And Cathie Wood, Ark Invest, I think she sold the majority, I read yesterday. I believe she sold the majority of her Chinese stocks out of her ETFs. And I’m not getting on her or congratulating, but do you not do that? How do you stay invested in some of this stuff when you know-

Frank Curzio: Yea. With the government-

Daniel Creech: That’s a big area. Now, that’s a trading opportunity. Like I said, if you bought TAL the last couple of days, you’re up, what did you say, is it 15% today?

Frank Curzio: 15% today. Yeah.

Daniel Creech: So, that’s a huge risk that you just have to pay attention to. The easiest thing is just to avoid them. You don’t have to buy Chinese stocks to make money. But you do need to pay attention to who has the supply chain issues over there. Who’s trying to go grow through China? And just know that’s a headline risk where you could wake up at any moment and, bam, things are changing on a 180.

Frank Curzio: One of the major trends I’m seeing right and I know a lot of people do not know this because I didn’t even know and I follow the markets, that in the past three months, what have we seen? What are the risks of the market? You have inflation. We’ve seen labor shortages. We’ve seen supply chains just delays in supply chains. And who does this hurt the most? It crushes small cap companies, especially small cap companies, that don’t have earnings especially on the inflationary front.

Frank Curzio: So, right now our small cap market is telling us inflation’s running wild. They do not have the pricing power of the large cap companies. They can’t pay as much as the large companies to hire good employees right now. The supply chain issues, they can’t bid or they can’t even compete to get their products over here quicker than the large guys because we have… And right now, from sources I know, you have the Amazons, the Walmart. They’re up bidding everybody to the point that they’re taking losses.

Frank Curzio: They’re taking losses to destroy a lot of their competitors just through the container process. So, what does that result? Well, you look at the Russell, and you say, “Well, the Russell’s up nice this year.” Let me tell you something. The last three months, and I said this to you, Daniel, that nearly 70% which surprised you nearly 70% of the Russell 2000 companies are trading lower over the past three months. That’s a crazy stat. I don’t know it’s that high. You would think like, “Wow, the markets…” Even if you look at the new highs and lows list, these as of yesterday, we saw on the Nasdaq, it was 55 new highs. It was over 250 new lows.

Frank Curzio: You wouldn’t know that because what are you seeing? You’re seeing the majors report, Microsoft, Google’s, Apples and just the numbers they report are credible. AMD’s reported great numbers too. They just finally broke out. So, let’s see if they break through 100. But revenue jumped 100% for the second quarter in a row, grew revenue. So, AMD’s really killing it.

Frank Curzio: I named that, I feel like is under the radar because all the big guys reported. But be careful because this is opening a door for more money to go into the larger names. Why? Because these are the companies that are going to announce the biggest buyback programs. And who is that? We have it in the portfolio, which is your name, in Curzio Research Advisory Portfolio. They reported good numbers. Stocks down just like everybody else. It’s typical.

Frank Curzio: But, yeah, we’re up nicely on that. They’re 40% plus. But they announce a monster, monster buyback. And then, that’s great news. And then, you have AutoNation, same thing. I mean both these companies are buying whatever, 7% to 9% of their total outstanding. Then, they have money to pay for good labor which small companies don’t have, and they have pricing power for inflation which a lot of small companies don’t have. So, you’re seeing a major shift into the larger names right now. And it’s a tough environment for small caps. And I feel like that’s being lost among all this.

Frank Curzio: I don’t see people talking about that where, hey, the markets look good, and they’re up and they’re all-time highs. But if you look at the underlying trends in the market, there’s a lot of names that are getting murdered right now.

Daniel Creech: Yeah, absolutely. I mean it’s a bummer because the more regulations and the more influence and the more political headwinds you have are going to cause the gap between haves and have-nots to widen. I personally believe that’s done on purpose. That’s a conversation for a different time. And I know a lot of people disagree with that. But if you have continuing regulations on all kinds of fronts from mask mandates to travel limits to everything coupled with inflation, there’s no way that that can’t cause the gap between haves and have-nots to go wider.

Daniel Creech: And what that means is go into big cap stocks, and that’s going to be the smoothest sailing for the next few months at least on that front. It doesn’t mean there’s not going to be great opportunities in small caps. But just be prepared for choppiness to lower prices until the market either gets comfortable with higher prices across the board and/or we get a new growth catalyst.

Daniel Creech: And, unfortunately, that would just be return to normal, openings up. Everybody kind of gets that over that fear. But again, we have to play this tug of war. You have the media headlines, and possible restrictions coming down. And yet, you have individual companies reporting. They’re not seeing any behavior.

Frank Curzio: Yeah. And then-

Daniel Creech: Welcome to the puzzling world of investing.

Frank Curzio: I know. It’s so funny.

Daniel Creech: That’s why we love it though. Sorry. To finish this, I made the comment we were having this conversation yesterday, Frank, your Apples, Googles, and all that, they’re basically like treasury bonds. How do you not view them as “safe?” And I know that’s a terrible word for our business. But, you know what? When shit hits the fan, why wouldn’t you buy one of the biggest, most powerful, comfortable names there is? If the market tanks, they’re going to sell off as well.

Daniel Creech: But I don’t know. The big dogs are going to continue to get bigger and attract capital, and we have more money flowing around than ever before. So, that’s the smoothest sailing.

Frank Curzio: Let’s talk about the numbers. Yeah.

Daniel Creech: Yeah. They’re just goofy. They’re unfathomable.

Frank Curzio: I mean, you put them together. Microsoft. What did they report in revenue this quarter?

Daniel Creech: Oh, 40 some billion for three months.

Frank Curzio: 46 billion, net income over 16 billion. Google, 61 billion in revenue, in revenue over the past three months. Net income, 18 billion.

Daniel Creech: And Apple says, “Hold my beer.”

Frank Curzio: Apple’s like, “Guys, you have no idea. We’re the king of the world, and you’re nothing, Microsoft and Google.” 81 billion in sales, almost twice Microsoft. And their net income of 21, but close to 22 billion. So, let’s put this in perspective. You’re looking at like close to 190 billion in revenue, and $56 billion in net income when you combine those three, just those three companies.

Frank Curzio: We didn’t see Facebook and Amazon which you’re reporting tonight. And, of course, I’m a nerd and geek. And I just want to put things in perspective That’s higher than the GDP of Algeria, Ukraine, and Kuwait, and we’re talking three months sales.

Daniel Creech: Crazy.

Frank Curzio: So, if you don’t think that these… How do you generate that? I mean people have that much money if businesses have that much money. Where they get all that money from? Unbelievable. Unbelievable numbers. I would actually say $180 billion in revenue. You can go back probably… Before the tech boom, 25 years or whatever, I mean I would be surprised if the top 100 companies or maybe even the top 250 companies before I generated that much revenue for the year.

Frank Curzio: To me, it’s incredible. But you’re looking at these names. They’re going to get bigger and bigger. Have exposure to it. Even if it’s like to one or two of these… Because, again a lot of these, the Microsoft, Apples are paying a dividend. They’re buying back loads of stock. Their balance sheets are like 50-billion plus to 200 billion strong.

Frank Curzio: I mean these numbers are just incredible when you’re looking at the rest of the market. I mean IBM has, what, $125 billion dollar market cap. And you’re looking at these companies having $2 trillion market caps. Here, just to put in perspective, well, IBM was the industry leader 20 years, 25 years. IBM. IBM. But look, the large caps, you have to have exposure to it. Small caps, you’re going to have a great opportunity to buy.

Frank Curzio: Actually, in my newsletter that comes out today at my Curzio Venture Opportunities, great, great strategies. I offered three stocks on our watch list, just said, “Be careful,” because they’re reporting. And I don’t want to buy anything or give any recommendations before they report because if you beat, you’re not getting a reward. And if you don’t, if you have supply chain issues or anything, these names are going to fall 15% plus, and that’s what we’re seeing where AMD, I mentioned earlier, there’s another company guys when you get a chance to listen to the conference call. Dan, I talked about this in the past.

Frank Curzio: Boeing, I mean Boeing reported really good numbers, Dan. You covered that call, and that turned out to be an amazing call. They reported actual earnings. Everyone’s expecting a loss.

Daniel Creech: Yeah. And to your point, you’ve been on the airlines. All those delays and such were basically a win not if they were coming back. And that’s starting to happen. Their backlog grew. They actually reported our earnings beat. They actually reported actual earnings instead of a loss like expected. So, the stock’s up, I don’t know, 10, 13 bucks. That’s probably a couple percentage on its price.

Daniel Creech: But again, there you go. So, you have companies in the airline sector going after Boeing, initiating orders again. And yet, then, you have these overhanging of, well, what if you have more restrictions on travel and such? So, there’s a lot of gray area right now. But, yeah. Boeing hit it out of the park that’s doing well.

Daniel Creech: And, again, the conglomerates are going to continue to do fine. And as you said, they’re the only game in town. So, what are you going to do if you need an airplane? It’s them or Airbus, right?

Frank Curzio: Yeah. Boeing, look, you’re seeing demand across the board even though we have the international market still so close. They were saying 2021’s an inflection year, turn the corner on the vaccine, commercial airplane segment, continued momentum on safe returning to the 737 to service. I mean seeing lots and lots of new orders. China has recovered to 80% of pre-pandemic levels. But other parts, Asia are further behind. Global feed is at 80%.

Frank Curzio: But all these guys are going to have to upgrade their fleets. Max deliveries are starting to pick up, and they had 5500 max deliveries. Now, I’m not telling you to go by Boeing. But I could tell you something that if you’re looking at an airline where these things are down, the major airlines are still down, not southwest. But you’re looking at American Airlines also cited huge demand. Delta, I mean you’re flying on these airlines. You see how crowded. They’re all packed.

Frank Curzio: The amount of money you’re paying and pricing power is incredible, and this thing is going to get back to normal pretty soon regardless of how much they’re trying to push this Delta bullshit. It’s going to get back to normal pretty soon. And I will end on that because, one, not just the Delta virus, but it’s giving you an opportunity to purchase a lot of these stocks where you’re going to see massive demand. Look at parts makers inside Boeing. We recommend a few of those companies probably three years ago, four years ago when I toured the Boeing facility. I like to do boots-on-the-ground research.

Frank Curzio: There’s tons. There’s 80 of them that are publicly traded that are just going to see demand explode and orders explode. And those guys make money as those orders come in. So, depending on when you see that in the supply chain, you’re going to look at companies reporting amazing, amazing results within the airline industry because there’s so many orders these companies have to upgrade their fleets. You’re seeing massive demand in the US. You’re going to see every country. Even I think Canada which is like North Korea now. But they finally opened up where US travel and everything, got to make sure you’re vaccinated, probably a big sign around your neck and a shirt saying you’re vaccinated. But that’s beside the point.

Frank Curzio: But I will end with this because the news out right now is how Pfizer and Moderna are testing where they want to get the vaccine to kids between five and 11 years old. Guys, from someone that studied this a lot and from someone who has kids in that range, and my daughter’s 13, just to put in perspective because they don’t do this. 3.6 million children in United States tested positive for COVID so fair and less than 300 died.

Frank Curzio: That amounts to 0.0082%. Be very, very careful if you’re going to give… If your child has underlying diseases or has asthma or something, I get it. But if you’re just randomly going to give your kid, I could almost guarantee that more kids are going to die from this vaccine than be safe from this vaccine at that age group. We’ve seen it that it doesn’t affect… I don’t know why that they are pushing that so much. I don’t know why.

Frank Curzio: And listen, again, if your child has underlying conditions, that’s a different story. And I’m not into vaccines saying that not to get it. But that would scare the shit out of me considering watching my kids go to school in Florida, the whole entire time, I know it just opened up for some people in a few months, the whole entire time. Kids getting it at that age group on my daughter to basically two or three kids got it. And that was it. It didn’t spread. I don’t know why it doesn’t spread. But just seeing that and how they’re just pushing this Delta thing even though if you’re vaccinated, you really don’t have anything to worry about.

Frank Curzio: You really don’t, 95%. You’re just pushing and pushing and pushing it. You’re not seeing an incredible amount of deaths right now any anymore as well. So, for me, when I’m looking at this, it’s going to create a buying opportunity, huge buying opportunity. Fed’s not going away. They’re going to keep rates low. They’re going to continue to buy bonds, and they’re all in for another two years which means every time you see a pullback, and that’s why I like about small caps pulling back right now, there is inflation in the markets. But there’s some names in small caps that are getting nailed. 70% of that index is down over the past three months that don’t deserve to get nailed.

Frank Curzio: And it’s going to provide a great, great buying opportunity which you’re going to see in Curzio Venture Opportunities and several other newsletters where I might push a couple of small caps, even into Curzio Research Advisory.

Frank Curzio: But for now, the companies that are buying back stock, the larger companies even the technology companies, they’re still buying here. They’re still doing great. But I don’t know if there’s anything else that really stood out to you during earnings season because a lot of companies have reported especially this week.

Daniel Creech: Yeah. Like I said, we have portfolio holdings that are going to report. Those are exciting. And then, a big watch list to just kind of continue building the thesis, like I mentioned, a few there. So, don’t feel like you have to act on something every single day. But just continue to build your thesis and pay attention. And, yeah, that’s all I can… Hopefully, that’s educational. I know that’s not exciting. But we’ll have a lot of fun in the weeks ahead.

Frank Curzio: Yeah. Please listen to podcasting and buy large caps.

Daniel Creech: Oh great. I just wasted an hour of my life to listen about Apple.

Frank Curzio: And I know doing this all my life, doing it all my life basically. My dad in 30 years did it. And I’ve been doing this close to 30 years. People love a great story. They love the great story. The story, they love more than, hey, buy Chubb, and they’re buying back stock. I got to listen to this podcast. This guy telling me to buy Chubb and Amazing and… No. You’re going to get that opportunity. But first and foremost, you want to be protected because a lot of people like we’ve seen with the meme crowd go in and out of this market and get freaking wrecked. They made money.

Frank Curzio: And a lot of them have gotten wrecked. And then, they get bad taste in their mouth, and they’re like, “I’m never coming back to the markets.” Our job, there’s times to go all in, and there’s other times we have to be careful when it comes to small caps right now, guys. Be careful. Start looking at names. And then, watch them report earnings. If they come down on bullshit, it could create a buying opportunity where you’re buying a great name down 30, 35% from its highs.

Frank Curzio: And believe me, there’s a lot, a lot of small caps that are down more than 30% from their highs. And, really, on little news just because there’s money flowing out of that sector into large caps, and that’s evident from the money flows at things that we track with Bank of America and stuff like that. And, Dan, who else tracks that, is Luke Downey.

Daniel Creech: Absolutely.

Frank Curzio: He sees these trends. So, Dan, I want to thank you so much for coming on. We covered a lot today, everything. Guys, earning season right now, is the best time. I enjoyed. Dan enjoys it. And, yea, I’m going to have lots of fun. You can see lots of earnings updates, and things like that in the portfolios. But, yeah, we’re looking forward to earning season. And Facebook and Amazon are on deck, and those numbers should be absolutely insane.

Frank Curzio: But I think it’s around 40%, 45% the S&P reported. So, by the end of next week, it’s going to be well over 70. So, lots of fun things, lots of new ideas. So, definitely listen to the podcast. Listen to a lot of things that we’re writing. Pay attention to the newsletter. It’s going to have some lots of ideas open up. But, Dan, thanks for coming by, man. I appreciate it.

Daniel Creech: Absolutely. Same time next week. We’ll see you guys.

Frank Curzio: All right, guys. So, once again, I’ll mention it one more time for you for podcast listeners only. If you want to find out more information on The Big Money Report to launch to you today to podcast listeners, it’s www.bigmoneyreport.com. Just take a look at it. Even if you don’t subscribe, we have a nice video. We didn’t put in like an hour video and stuff like that. It’s a really cool promotional video where we show you why we’re so excited about this.

Frank Curzio: Luke’s also doing, like he said, the video newsletter. He’s got a great personality. He’s a lot of fun. But he’s really part of that educational theme which those are the editors we want to hire that are going to educate you, not just give you a stock pick here and there, and we did make this newsletter for less than $100 a year, 30-day money back guarantee. So, anyone could try it. If you don’t like it, fine. No question. Your money back and no questions asked. But that’s available to you and tomorrow.

Frank Curzio: We’re going to be launching it to the masses. So, www.bigmoneyreport.com. And, guys, that’s it for me. Thanks so much for listening. Thank you so much for your support, for you, CEO token holders. You get a lot going on behind the scenes of the past six months especially over the past month, really, really exciting stuff.

Frank Curzio: And I’m going to be reporting some news to you shortly which we’re excited about. Again, this industry, we got in early. It was frustrating as hell because I’m like, “Why isn’t this thing developing?” It’s starting to really develop and come together. And it’s just great that so many companies are coming to us and asking questions since we’ve been through the whole process from A to Z when 98% of people have not been through the process where we’re actually trading our token to retail investors to buy. Okay. That was the goal. We did it. We told you we’re going to do it.

Frank Curzio: And now, a lot of people are following our lead. A lot of people are following our token structure which is very shareholder friendly because we look at the long term of this market and how big it could be. We’re looking at as a money grab and really, really exciting stuff coming up. So, we’ll be sending emails out. And, yeah, really good stuff with CEO tokens. So, guys, thanks again for all support. Thanks for listening. I’ll see you guys in seven days. Take care.

Announcer: Wall Street Unplugged is produced by Curzio Research, one of the most respected financial media companies in the industry. The information presented on Wall Street Unplugged is the opinion of its hosts and guests. You should not base your investment decisions solely on this broadcast. Remember, it’s your money and your responsibility.