AI STOCKS TANKING! 12 STOCKS TO BUY NOW!?🔥

Are you guys ready? You better be ready, man. We have 12 stocks to break down. Literally, all these reported earnings today. Let's dive into it. And by the way, the entire market today was all over the place. The S&P, I think the Russell, and the Q's went down, but the Dow went up as gold, silver, and Bitcoin all had green days. So, one of those days in the market, you guys, you guys know how that is, right? So, with that being said, we're not going to spend too much time on that, honestly, at all in this video. Let's just dive into these earnings. So, SanDisk is number one, ticker SNDK, which I did peak at these at these earnings, guys. They just came out about 10 minutes ago. It's 425 here on the East Coast. So, they're fresh off the press. And the stock, well, the stock is down. We're at 12.88 right now in the aftermarket. We actually hit 1192 at the low after closing at 1350. And you guys know this stock is is definitely the most important report or this company um is the most important report for today and for the entire memory trade, you know, at least today, right? Obviously, we have Micron uh which their numbers they came out recently, I guess not too recent at this point, end of June. Either way, SanDisk reported stock is down and overall the stock heading into the report was down a lot from all-time highs. We're talking 42%. So, they ended up reporting $39.25 of adjusted EPS, which beat the 3445 estimate and sales came in at 8.96 billion, almost 9 billion versus the 8.39 billion estimate. So, very strong double beat. Is anybody surprised? Probably not. And they expect revenue for Q1 in the range of 10.3 to 10.8 billion with EPS on EPS adjusted of 44 to $46. So they're growing quarteron quarter. An unbelievable amount. If you guys take a look here, literally two quarters ago, they reported $6.20 of EPS. Last quarter it was 23.40. This quarter again it was what 33$ 3325 and they're guiding for over $44 of earnings per share in the upcoming quarter. Um this go around adjusted it was $3925. Insanity guys. Um and it looks like here uh the board of directors they're approving an additional $14 billion buyback program. So they're buying back stock bringing the total remaining authorization of $15.5 billion. So this company guidance is strong, very good earnings, and the stock is selling off again. Sentiment when it comes to to semis nowhere near what it was a couple of months ago. If they reported if they reported this quarter six months ago, right, this stock would have gone up like crazy. And look, it's not down a lot. I mean, it's not down like 20%. Um, it's actually rebounding, but it's still down. We're down about 4% in the aftermarket. And initially, we got down to 1190, like I said, and the overall chart is nowhere near breaking out. That's why I hesitated even touching this stock today, guys. I I was about to trade it and I'm like, h, let me not let me not let me wait till earnings come out. This thing is still in a downtrend. Lower lows, lower highs. And even with this earnings report, stellar report based on those um headline numbers and the guidance, this thing is not budging. And other names like Micron are taking a hit in the aftermarket. Not much. Um initially it did. I I guess now it spiked back. Uh but yeah, it took a hit down to 865 when the earnings from SanDisk came out. Um I think WDC reported. We might as well go to that one. Now this stock is down uh from 520. This is Western Digital. It hit 520 at close today. Now it's at 467. This thing's down 10%. So, this one is gapping down pretty big time. Um, and we can see it got rejected right at that 575 resistance, right at that 180 SMA on this 4hour chart. So, we got nailed there on Western Digital. This thing looks like it's going to go for the lows from the end of July, middle of July being about 440. So WDC reported adjusted EPS of 356 that beat the 329 estimate on sales of 3.74 billion versus 3.69 billion. So double beat and they see Q1 adjusted EPS of 385 to 415 versus $3.81 expected. So very good guidance on the EPS front for Q1 and for sales 4 to 4.2 billion versus 4.03 billion is the estimate. So, very good guidance, man. Another double beat, strong guidance. They said, um, revenue is expected to be up 42 to 49% year-over-year for, uh, for Q1. So, these companies crushing it still, but the reality is sentiment. It's not there. It's not what it was. Uh, we're hearing Bur, he's doubling down on his shorts. I don't think he's actually doubling down, but he's doubling down on his take. He's saying, "Listen, even with the S&P going to all-time highs, I'm still bearish. I'm holding shorts in Nvidia, Palunteer, Tesla, you know, all the other ones. I'm forgetting now. I just read the article." Either way, he's still shorting all these companies. And by the way, the only one he's down on is Nvidia. Oh, Micron's another one. I don't know I don't know if he's shorting SanDisk, but the point is we're hearing all these big-time investors, you know, saying they're shorting the AI trades in trouble, blah blah blah, and the sentiment in general, even amongst retail, um it's just not what it was. We got that hedge fund that got blown up. You know, who knows if there's another one next week where it's going to happen to. Um, you know, there's a lot of uncertainty in the trade and even on great numbers, these stocks just can't move um at this point. Not saying that can't change. That could change in a month from now, weeks from now, next week for all we know. But right now, we're dumping on strong numbers. Um, we got numbers out of, let's see, I think Apploven, let's see what this one's doing. Oh, this one's tanking. Um, you know, you notice the theme here, guys, these stocks are tanking. Um, Apploven closed at 417. Now we're at 329. The stock's down 21%. Oh, that's that's absolutely brutal, guys. They reported 376 EPS versus the $367 estimate. Sales missed. Okay. 1.92 versus 1.935 billion. Uh, so mixed earnings out of Apploven. They see Q3 sales of 2.05 to 2.08 billion versus 2.06. 06. Okay, so maybe um the lower end of that range is under the estimate that might have spooked investors. Uh let's see anything else on guidance. Not really much here, but yeah, this thing's down 20%. 20% on a slight slight revenue miss. Um and now we're pretty much at lows. We just hit the low on the year just now on Apploven. This thing hit 298. That's the fresh year-to- date low. And on the one-year chart, I mean, look, it looks like we're uh pretty much getting close to a 52- week low on this stock. Not just a year-to- date low, a 52- week low. So, these stocks are getting hit. Obviously, app loving way more than SanDisk and uh Western Digital, but yeah, I mean, they're all down. ELF is another one. Let's see. I didn't look at these numbers yet. Curious to see. Oh, they're down. They're down, guys. Although Elf Beauty is up massively from the low uh off the low from June. So I can't I can't knock on it too much. In fact, this pullback kind of looks like a decent entry. Um at least chart-wise. I mean, look, it's holding an uptrend. We're holding that 180 SMA. We're uh you know, making a higher low here. It looks like it actually looks like we're rebounding in the aftermarket a bit. This thing hit $74. Now it's at $81. So, ELF Beauty reported, let's see here, folks, um $1.76 or 75 EPS versus the 71 estimate. Sales came in at 480 almost million uh versus 431 million. So, very strong double beat out of Elf Beauty. And this is one that, you know, I I missed. I got to be honest. This thing ripped a couple years ago. I'm not sure if you guys uh remember that, but back in 2020, this stock was like 1020 bucks a share. It went all the way to 220. This was a 20 bagger. A 10 to 1520 bagger depending on where you got in and it's collapsed since. But it looks like it's finally gaining its footing again. I just realized this thing went from 220 to $49. That is obliteration. Uh but you know, it ate that it ate that 80% loss. Uh that draw down. Now it's starting to come back. And I have no idea what the fundamentals look like these days. I remember back, you know, six, seven years ago, E.L.F. was like, "Oh, the the cheaper uh makeup products, you know, the the more not not not that they're bad, but more affordable, right?" I don't know how it is these days, you know? The only reason I knew about E.L.F. back then was because of my wife, you know what I mean? Uh, but I don't I don't think she uses E.L.F. now. I have no freaking idea to be honest. but it might be out of my circle of competence. Doesn't mean it's out of yours. So, if you want to go buy Elf Beauty, by all means, fundamentals aside, again, the charts look good. Um, and honestly, if this stock could take out 95 to 100, this thing might this thing might run, you know, if we take out the low or the highs rather from earlier this year. So, let's go to another one here, Red Wire, which I actually have some calls in. Uh, oh yeah, baby. Let's go. This thing's moving. Okay, wait a second. Oh my god, this got the $12. Oh, guys. Okay, so I am down on these calls, but I did, you know, I did buy uh $10 calls that expire in January at the time when I bought them, they were slightly in the money. Um, and the trade worked against me at first. And this is why, especially on riskier stocks, I like buying in the money calls, right? You have some intrinsic value on your side there. Um, especially, you know, you got to pick an expiration date far out with a more speculative volatile stock. And if you buy in the money calls, if the trade works against you a little bit at first, it doesn't it doesn't hurt you as much. Um, so yeah, I bought those $10 calls. The stock got down at $8, I'm pretty sure. Where the heck was this thing? Um, and I was down like 50 to 60% at one point on those calls. Um, I'm still down like I said, but th this is going to help if this holds. This stock is ripping right now. So, uh, yeah, we got down a 780 actually just a couple days ago. Um, so yeah, we got well under that $10 call that I bought, but now the stock it hit $12.15 in the aftermarket. Now we're at about $11. It's pulled back. So, Redwire, and by the way, this is in the in the space industry, space sector. Um they actually missed EPS. Looks like they lost 19 cents versus the loss of 15 cents expected. Okay. On sales of $ 117 uh million that came in pretty much right in line. Uh we can see yeah pretty much right in line. Sales guidance $450 to $500 million for uh for full year 26 uh versus the $470 million estimate. And guys, this is a smaller company. I I don't even re uh I forget the market cap. I mean, let me see if I could look it up real quick. Redwire market cap. It's got to be like 10 billion. Oh my god. No, 2.5 billion. Yeah, it's way Okay. Yeah, I knew it was 10 billion or under. So, $2.5 billion market cap, guys. Pretty small company. Um so, you know, the price of sales is what a five. I mean that's not it's high but it's not that crazy uh considering um you know the the the size of the business and the growth of the business for that matter of five price of sales. So what they're about to do 500 million this year trading at two two and a half billion not not too out of the ordinary for these space stocks. In fact I would say that's pretty low uh price of sales for a lot of these space stocks. Um, so I'm excited about it and that's why I held through the the pain, guys. Look, the the overall trend was holding. Red wire is doing pretty well right now and uh it's starting to break back out. We're back over this 180 SMA for the first time literally uh since the middle of June. Now the market's getting a bit more riskone. Maybe not so much with the semi stocks, but listen, the market is not just semiconductor stocks. And uh looks like a lot of these other sectors are starting to pick up. Red Wire is one of the stocks. Well, I guess the space sector is still rocky. Uh but Red Wire is actually doing pretty well here. So, I'm excited about it. We'll see how that plays out tomorrow. Obviously, this is a a risky stock. This could easily go red tomorrow, uh for all we know. I mean, this could give back all the gains tomorrow or it could run to $15 tomorrow. That would be insane if that happened. I'm locking profits on my calls, guys. Uh but, you know, we'll see how that goes. That's Red Wire. for Marcato. Libre is another one that I'm in with shares. And this stock, it's getting nailed, guys. It's getting nailed. It's um it's been struggling these last couple of months to really break through 201950. I was hoping this time around it would break through. Uh but we're getting nailed here back under 1,800. And I guess on the plus side, um it looks like we are technically if we if we just get rid of that charting I had before, we're still technically holding higher lows here over the last couple of months. Um so easily we could get some buyers here in the in the high 17. So it's not the end of the world. Uh but I was hoping we would pop on earnings. We didn't. That's why I don't I don't trade earnings, guys. I'm a long-term investor for the most part. Obviously, I make short-term trades uh with a portion of my money, but I'm definitely not trading options on earnings, guys. Unless I unless I'm feeling it that day, I'm not doing that. You know, 99% of the time, I'm not. So, they're reporting 9 $9.19 EPS that beat the $859 estimate or 858 estimate and sales 10.2 billion versus 9.66 billion. So, double beat Marcato Libre. Let's see anything else on the guidance here. I I wish I had more numbers for you guys. Uh but we're not seeing anything here. Again, we can't spend too much time on these stocks. This video is going to be long. Uh but listen, the problem last quarter with Marcato Libre was their free cash flow got hit, gross margins got hit. Um you know, profitability got nailed. So, probably a lot of the same there. That's not just something that's going to change after one quarter. Listen, they're investing for the long term here in the business. making strategic investments. This is going to last a little bit. Free cash flow is going to be pressured for a little bit. Margins, profitability for more than just a quarter. It's going to take it's going to be a couple quarters. Um and then ultimately we'll start to see um the return on those investments. Margins will get better. Free cash flow. We'll see some relief there. Um and listen, I I I like the stock long term. It's not a trade. So, I'm still going to hold on uh to Marcato Libre. I am pretty much break even. Um well, I guess now with it falling, I'm probably back uh in the red. Actually, no, I was slightly up heading into the print. Um now I'm probably back in the red. Either way, close to break even on this name. I'm not too worried about it. Um it's again, it's a long-term stock. And earlier today, we had some other earnings in the morning. We had Eli Liy. This stock had a 5% green day. Eli Liy, let's see if we can find these numbers. Um, they reported earnings per share. Where are these numbers, guys? $8.38, which demolished the $61 estimate. That that's adjusted, by the way. Sales 22.97 billion versus 20.72. So, very nice double beat. Uh, revenue outside the US increased 80%. That's unbelievable. Uh, US revenue increased 33%. Um, let's see, guys. Let's see. Let's see. They narrowed their fullear 26 adjusted EPS guidance. They raised their sales guidance for the full year. Market doesn't care about narrowing. This thing still had a green day. Uh very nice green day. And it's been one of those stocks that in the healthc care space the best performer. Well, I can't say it's the best. I didn't verify that data, but man, it sure seems like it is. Eli Liy's been on fire for a for a while now. Um and it just continues putting up numbers. I love it. So, let me see. Shopify, I know, had a ridiculous day. I mean, this stock went up like 40%, right? Well, no, maybe not 40. I'm exaggerating. I think it was up 30% at one point. Uh, yeah, let's see. Oh my god. 34%. Think about that, guys. 34% for Shopify. Um, the stock was due. I mean, this thing's been flat all year. And when companies when stocks are flat all year and sentiment is slowly starting to get better, right? Since we saw that blow up and Leo pulled uh with his fund, maybe not so much in semi semis. Uh sentiment's not the best there still, but in other sectors, other names, yeah, sentiment's getting better. And then when a when a company has been flat, sentiment's getting better and they report good numbers. Uh that's kind of a good recipe for a for a pop here. And that's what we got with Shopify. They reported, let's see if I can find it from this morning. Um, they reported earnings per share of 42 cents adjusted versus 40 cents expected on sales of 3.58 billion versus 3.44 billion. Uh, so very strong double beat. And let's see, they uh let's see if we can find it. GMV $115 billion, up 32% year-over-year. MRR 221 million uh up 19.5% year-over-year and they see Q3 sales of 3.72 to 3.78 billion versus 3.59 billion. So very good guidance um revenue to grow at low30s percentage rate on year year-over-year basis. Very good there. So look again this stock was flat for for months all year. good numbers came at the right time. Um, and the market's reacting. And look, we have a big resistance at $173. That's That's going to be a sticking point. We got hit there earlier today. Pretty much not quite 170. Uh, we got close maybe in the pre-market. Wait, let me see. Yeah, 165. We got close. So, that's the spot to break in the short term on Shopify. Let's see. Uber reported as well. Um, and their stocks down. I know that. I saw it earlier. The stock went down 5% on the day. So Uber uh reported earnings adjusted 81 cents that came in line. Sales missed 14.19 billion versus 14.23. They see Q3 adjusted EPS of 84 to 88 versus 89 cents expected. So a little light on the EPS side. Missed on revenue. Um that's not good, man. And look, I was about to buy the stock a couple months ago. I'm glad I didn't. Opportunity cost would have uh would have eaten up some money in this one. It's been flat all year, but I think longer term there is potential, but for now it's just not looking good. Missed revenue. Um yeah, delivery gross bookings 27.46 billion. So, I'm I'm not the biggest fan of that. I'm not the biggest fan of that. Guidance a bit weak. Um so, I'm going to hold off for Uber here to to buy. I think honestly I think this could be going lower 60s. Um it's looking weak and the fact that we're dumping pretty much at multimonth lows almost after earnings not a good sign and in a strong market especially. O man, could you imagine if the S&P went down 10%? Uber is probably going to go down um into the 50s at that point realistically. We also had earnings out of Disney. Let me see these this morning. And by the way, guys, hit that like button. If you're still watching this video, we're 21 minutes in. I I I appreciate you. If you're still watching this video, let me know in the comments. Drop an emoji, a money emoji, fire emoji, stock emoji, whatever. That lets me know you stuck till the end. And let me know where you're watching this video from. What country, city, state, wherever you're at, you know, province, I don't know. Let me know in the comments where you're watching um this video from. So Disney reported and the stock went up 3 and 3/4 of a percent today. Very nice day for Disney, but then again, it's been downtrending all year and and from the end of last year. So really all this is is a is a relief rally in the downtrend. Not the biggest fan of that. Uh but they must have done pretty well considering again the uh the pop today. So Disney reported earnings per share adjusted Q3 $26 versus the $186. So that beat revenue came in at 25.24 billion versus 25.4. Okay, they actually uh missed on revenue. So they missed revenue. BDPS, let's see the different breakdowns here. Uh Toy Story 5 already surpassed a billion dollars in the global box office. I have to go see that movie, guys. Um, yeah, I was a big Toy Story guy or kid, I guess, growing up. That was my era. I'm a 96 baby. Um, so yeah, I just turned 30. I I I think I mentioned that to you guys a couple months ago. But yeah, I got to go see that movie. Free cash flow came in at $3.07 billion. Entertainment revenue 11.35 billion. Uh, experiences revenue almost 10 billion, 9.97. Uh, they're planning to deliver a more robust subset of games for Disney Plus subscribers. I mean, I don't get that's the one thing about Netflix. I don't get maybe maybe this is me being a 96 baby. Maybe I'm getting older, right? But why why why would I go on to Netflix and play those games? I see they're pushing those games. Um, I've tried it, but I'm like, uh, I don't know. I don't know if it's for me. I guess Disney's looking to do that now. Maybe I have to give it another shot. I don't know. What do you guys think? Do you like playing those games on Netflix? Uh maybe you guys do. I don't know. But for me, it's like I much rather if I want to play games, which I don't play games anymore. Uh but I would fire up my Xbox. Uh but one one one actually one game that I will be playing is GTA 6. Uh that comes out in November. So I'll I'll get my Xbox back out of the closet, guys. Um and a trade that we actually called out which I missed. I'm so mad at myself. This happens, right? I call out trades and I miss them. It's like there there's so many stocks. TTWO, do you guys remember a couple months ago, not even like six to four to six weeks ago, h maybe like six, seven weeks ago, uh we called it out at 210. We talked about TTW at 210. I was I was telling you guys, watch the pullback. I don't think GTA 6 is priced in yet. I was telling you guys this this might not last long. Um, and you know, it ripped and I missed it myself, funny enough. Uh, but either way, TTWO, watch out for that. They actually have earnings tomorrow. Um, no, in two days actually on Friday. So, keep your eyes on that one. Uh, let's do two more. Circle is another one that reported. The stock pretty much stayed flat. Not a crazy reaction, which is not bad. I mean, sometimes that's good. Uh the stock did pop initially, but I guess it sold off after that initial pop and then we pretty much broke even on the day. So, Circle Internet Group 18 cents EPS in line with the estimate 701.3 million revenue. Uh that missed the $718 million estimate. So, the fact that it stayed flat after missing revenue by 17 billion, that's actually a pretty good sign that maybe we're not at the bottom, uh but we're getting pretty dang close. If this thing misses revenue by $20 million um and it's flat, that's a good sign. That's a good sign. Not that I'm buying it back. If you guys don't remember or if you didn't know, I I used to own this stock for a trade, you know, a while ago. Um well, not that long ago, like six to nine months ago. I sold out of it. Um you know, it's it's down since. I don't know. I mean, if that's not a good sign, I don't know what is. Uh, but the crypto market has to turn for me to even consider getting back into this. But when it does turn, the stock could be a lot higher. That's the ri or that's the um potential opportunity for getting in early. Um, you know, but how how long are you going to have to wait until the uh until the actual crypto market turns? There's opportunity cost there, guys. So, that's Circle Internet Group. Let's do one more. Novo Nordisk, another one that I used to own um a little bit ago and I locked in gains on this thing. Yeah, I think it was at the end of last year. Yeah, you know, we had calls right around here. We had shares and I swear to God, guys, literally, I'm not kidding. I locked in gains at the peak on this one. That that doesn't happen often, you know? It's hard to t It's hard to time the top, hard to time the bottom. But no joke, I sold out of my calls, right? And my shares right here. I'm not even kidding. And you guys, actually, my Patreon, you know that. You know that I I post all my trades in Patreon. Shameless plug. Um, and that was documented in there. You know what I mean? So, we made a lot of money on Novo and the shares. And thank God I sold out because this thing cut in half after. If I held on, I would have lost everything on the calls. Um, and you know, the the shares would have went down a ton. And you guys probably know how sucky of a feeling that is when a stock, you know, you're up on a stock, it goes up a lot, and then you just watch it go all the way down, you lose all your gains, you know, it goes down, you're red now. That's the worst. Um, so I guess you can say I got a little lucky there. Uh, but that's great, you know, and here we are now. I haven't bought the stock since. Maybe I should have bought it again at 35. I'd be up a decent amount, but hey, I didn't. Um, adjusted EPS 96 cents. That beat the 81 estimate, 12.2 billion revenue versus 11.35. So very good numbers um out of, you know, Novo Nordisk. And a big reason why I sold out is because this space is so competitive. GLP1s every other day, every day. I mean, whenever I'm watching some TV, I'm seeing a GLP1 from this company, that company, that company, that company. It's so competitive. And and Eli Liy is a beast. So, I just got out of the trade. I made my money on it. I made a good amount of money on the options. And uh that's it, man. That's it. I got out of Novo and I haven't looked back since. So, we're about 30 minutes in. I'm going to wrap the video up. Let's actually go back to SanDisk and see where this thing's at now. Yeah, it's still under 1300. Okay, looks like we're holding up a little bit. Trying to find some support at 1290. Micron's probably still down. Yeah, 8.95. Well, I guess it's not down from where it closed, but down from where it was in the middle of the day. Let's see how Nvidia is reacting to that. Let me see here, guys. Nvidia's pretty flat in the aftermarket. Actually up a little bit. Um WDC is still getting squashed, I'm sure. Yeah, it's still down, but it's kind of kind of consolidating, but yeah, not too bad of a day, man, for the overall market. Well, I guess a little red, but then again, we hit all-time highs, so it's like who gives a crap if we had a little red. Uh we hit all-time highs on the S&P and Dow today, and overall, a lot of stocks are crushing it. So, what do you guys think? Let me know in the comments. Hit the like button, subscribe, join my Patreon if you want to keep up with my portfolio updates, trades, investments, private Discord. All that's linked down below, pinned in the comments, or go to stocksurfest.com/patreon. And with that being said, cheers. I'll see you guys in the next