Video summary
On Good Friday afternoon, Tom O'Brien opened the show by addressing choppy market conditions ahead of options expiration, noting that the S&P 500 recovered from lows to trade near 7708 while the Nasdaq 100 rose slightly despite reports of an OpenAI hack. The Dow Jones struggled after hitting a weekly high earlier in the week, and the broader economic landscape featured a dollar index settling around 100.21, gold holding steady above $4,420, and crude oil showing signs of a turnaround. O'Brien advised caution regarding long-term fixed income due to potential volatility and inflation risks, suggesting instead that investors utilize shorter-term CD ladders to allow for rollovers as interest rates fluctuate, though he noted that real returns on these instruments remain modest given current inflation levels.
The broadcast provided a detailed analysis of specific sector performances, highlighting significant challenges facing PepsiCo, whose stock fell nearly 3% after hitting a six-year low due to competition from Coca-Cola, the impact of GLP-1 weight-loss drugs reducing snacking demand, and pricing pressures that resulted in negative organic revenue growth for the first time in over a decade. In the technology sector, stocks displayed mixed results with Google and Amazon gaining ground while Netflix dropped about 5% amid concerns over viewer trends and increased competition from streaming rivals like Apple TV+ and Paramount; notably, Wells Fargo cut its rating on Netflix to underweight. Additionally, Boeing faced negative headlines regarding engine delays and supply chain issues, leading O'Brien to suggest that investors wait for further confirmation before purchasing shares near support levels between $180 and $190.
Beyond the financial markets, the show touched upon a notable sports business anomaly involving Kylian Mbappé's reported ten-year deal with Adidas, which O'Brien questioned given the lack of corresponding stock appreciation despite the player's status as a World Cup all-time leading goal scorer. He contrasted this situation with Nike's struggles, which saw its shares drop following news that Roger Federer was leaving the company, a move O'Brien characterized as a "falling knife" that investors should avoid waiting for a turnaround on. Throughout the program, TFN promoted its educational newsletters and live programming while advertisements were included for various leveraged ETFs and gold-related products, before O'Brien signed off by wishing listeners a great weekend with the dollar near yearly highs and gold trading around 4414.
Read the full video transcript
The following is a presentation of TFN.
The Tom O'Brien Show is produced every
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internationally at 727-8737618.
>> Let's go to my man George in Newport.
George, what's going on, brother?
>> Hello, Tom. Good afternoon. How are you?
>> I'm doing great. Yourself?
>> Yeah, great. I've been following you for
the last few years, listening to your
show.
>> Well, thank you very much. I appreciate
it.
>> All the hard work you've done for us
over the years. Well, I really
appreciate you calling and saying hi.
>> My pleasure, Tom. Welcome to your show.
>> Thank you, man. Have a great one, a safe
one. Appreciate it, man. Now, Tom
O'Brien.
Shame on me. Did that whole intro and I
was muted somehow. Good Friday
afternoon, folks. Tommy O'Brien coming
to you live from TFN just after 3 p.m.
Eastern time. It's options expiration
and we got markets right now chopping
around. Let's get right into it. We got
an S&P up by one point trading at 7708
right now. You accelerate to lows at
about 1215 and we're right back to where
we were on the open. NASDAQ 100 chip
stocks yet again even with open AI
getting hacked. We'll get into that in a
moment. NASDAQ 100 up by 3/10en% up 91
points 29,000 832. The Dow continuing to
struggle, right? Wednesday, Thursday,
and Friday driving lower. Tuesday, and
Monday as well, right? You got the highs
out there of 53,90. Right now, we're
catching a bit off the lows, but the Dow
off by 210%. 52,116.
And the Russell as well down 7/10% or 21
points. You, excuse me, you jump over
the 10ear. You talk about volatility. 5%
folks coming into the weekend. 5% is the
number on the 10ear down by 11 ticks.
10526.
And with that higher yield, you did
catch a a bid this morning, but the
dollar gives up, right? The dollar's
right back to where we were on
Wednesday.
And that's where yields are as well,
right? But you're talking about highs
there in the yields and the dollar's not
finishing at highs. Okay? Dollar's
finishing at 100.21. We're at highs this
morning. You jump over to gold continues
to hold out well. Okay, you get the
dollar at 100.20 and you got gold at
4421 up by half a percent. The equities
down by half a percent, 9543, but again,
you know, you're talking about 10 year
at 5%. You're talking about a dollar
above 100 and we got the GDX sitting at
95. And eventually, folks, all right,
think you're going to see these yields
already have a lot of hikes priced in.
Okay, the dollar's pricing that in as
well. The 10ear sitting right at 5%. Now
I keep talking about there's a very real
chance that we go higher from here.
Okay. The other side of that equation
though is there's a lot already priced
in. That's what you have to realize. For
yields to go higher, more have to get
priced in, right? And there's already a
lot priced in. More priced in in terms
of hikes than there were prior to
Wednesday. That's for sure. You take a
look in terms of what this market's
pricing in right now for the next
meeting October 28th.
Yeah, more likely than not that they
will hike. Okay, we're sitting at 3.75
to 4% right now. Market thinks pretty
close to 50/50 with a slight waiting to
a hike. You go out to December
and it's basically a 50/50 with a slight
waiting that they have one hike instead
of two over in the next
two meetings.
So the only way to get above that is to
go hike hike hike. Right? And even if
you go hike hike hike right now in terms
of we already went hike on the last
meeting. We go into
October 28th and then you go into
December 9th and you hike all the way.
That's only 12 basis points above where
we are right now. Now that would be on
your two-year. Okay. You go out to
January.
No, we're still talking about but now
the number is three hikes over the next
four meetings and don't get too caught
up going into March. You know, stay a
little bit closer term because there's
going to be enough volatility, folks, in
the next 90 to 120 days. You don't have
to get caught up trying to go out 6
months into March. Very difficult with
how much volatility we're getting. But
that's quite a weekly, folks. No slowing
down just yet. The war as in man, things
were so good before the war. And I'm not
being it's it's a long time, folks.
We're bumping up now into
7 months and we have the 10-year just
not stopping. Pretty remarkable. 3.98
was the number. So, it's an adjustment
over 6 months, but guess what? Not
necessarily going back to that number
anytime soon. Doesn't mean we have to go
higher, but the forces right now lining
up pressure on yields to go higher and
the dollar at a critical level as in
this has been resistance for some time.
It's been support. Nice round number of
100 and we're back there. 100.20. 20
jump over to crude.
Come on, thinker swim. Come on. There we
go. How's that for a weekly now? That's
that's what you like to see in terms of
a turnaround. Okay, that's encouraging,
folks.
Last week we had a short trading week,
but you reject this 100 area, right? You
take out the other, you do it with
volume. Crude, that's your weekly. You
take a look at the daily. Yeah, we're
going to get some volume today as well.
crude already approaching 300,000
contracts
and on a weekly basis you reject some of
those highs and that's what has the
market accelerating a bit to end the
trading session so far. Yeah, part of
this acceleration right here is crude
245 as well.
You know, talking about yields, folks.
All right.
you know, never never too never too busy
in the day to do a little bit of just
looking over your portfolio, okay? And
this is not a stock a stock show that's
going to tell you to just go sell your
stocks and go buy fixed income, but we
should all be making sure that we're
aware aware of the yields that are out
there right now. And if you know people
that are in, you know, maybe they're
later on in their retirement, okay?
Maybe they were in equities and they've
had a heck of a run, maybe they're later
on in their retirement, right? Maybe
somebody retires when they're 65 or 70
and now here we are 5 or 10 years later
and it's been a heck of a run. Now
they're 80 and they're still heavily
invested in maybe the NASDAQ or the S&P.
Okay? And depending on the need for some
of that money going forward,
you got five-year CD rates, folks,
pushing a ladder near almost 5% itself.
And that one is nice cuz you get to roll
them over. I'm going to pull it up right
now. But yeah, you're going to start,
you know, I always say if if you have
any money, folks, whether it's sitting
in
uh bank account as the Fed is hiking,
right? Those money market accounts,
they're all going up. Okay, that's the
way it works. That's the overnight
lending rate and that's what money
markets are based out of off of. And so,
yeah, it's going up. Let me see if I can
find.
So, what do we got? The Fidelity Money
Market right now is earning 3.35.
Okay, that's what the Fidelity Money
Market's earning. That's the overnight.
That's your just your cash sitting in
your account. 3.35.
Now, that's just if you need access 24
hours a day to that income, right? But
if you're talking about a CD, a 9-month
CD is getting four and a quarter. A 3mon
CD, folks, 90 days, 4.1%.
Okay. And then yeah, if you push out a
five-year ladder, you're pulling
somewhere near about 4.65 4.7%.
You know, you run a 5-year ladder like
that, folks, that is a 25% return
guaranteed over your money over 5 years.
For retirees, certain portion of the
portfolio, not that bad at these yields.
Come right back.
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Welcome back, folks. S&P up about two
right now. And yeah, taking a look at
the 5year CD when you're talking about a
ladder. Ah, that looks so tiny. Let me
see if I can blow that up a little bit
better. 4.65 regardless. APY 4.65.
How'd that get get so blurry? Let me do
that one time. One more time for us.
That's a little better.
Not quite. I zoomed it in a little bit,
but that's risk-free folks in your
account. And what's wild, not wild,
right? But if you're sitting on 100
grand right now and you're sitting
pretty, okay, there are risks where the
market is right now. This isn't, you
know, this is big picture, right? And
this is risk off. But it's just
something that, you know, even if you're
in all these tech stocks, right? My
goodness, if you're in the semis or
something like that, Mr. Situational
awareness got a lesson in how quickly
that can become a problem. But when
you're dealing with 5% guaranteed, okay,
now what's the real rate of return,
though? That's your issue there. What's
your real rate of return? Okay, cuz
inflation's going up. You're making 4.6
5% if we have inflation at 3.4%. You're
barely making 1.2% in real earnings on
that money. But the other side of that
is there's a lot of people who've had a
heck of a run, folks. When you talk
about, you know, when you're in
retirement
and where you retire, you know, it
matters, right? And the generation
right now, this run, folks, the spy
over the last
15 years is up 7 and 12 fold. That's a
heck of a run, folks.
Is that even cherry picking the lows?
What's the low? No, that's not cherry
picking the low at all. We had 78 bucks
out there. I'm just going from 100 to
760. And let alone what's remarkable is
you can just take the highs prior coming
into COVID folks and we're up more than
100% well more than 100%. It's 130%.
Remember how good things were prior to
co well 130% from there. And so there's
a lot of people out there that just
might,
you know, doesn't mean you don't have to
hold any assets, right? I'm talking
about retirees. I there's a lot of
people out there that you still have a
house. So that's an asset where you have
some exposure to interest which is good.
you have asset appreciation. So even if
you take some money out of the market,
you still have volatility when it comes
to assets, etc. Depending on where you
are, you still put some of your money in
the market. But if you have some of the
action, you know, especially when you're
talking about NASDAQ 100. Now, for you
young folks out there,
don't try and time the market when
you're talking about retirement
accounts. You know, you can be an active
trader, folks. There's two different
buckets, okay? Not to steal. Um, you
know, it just came into Ray Luchia
buckets of money. When I was working at
WSMN 1590, the Tiger in Nashville, New
Hampshire folks, for you old school
Tigers and Tigrises out there, uh we
aired financial content all day at the
time and that was prior to the build out
of TFN. And one of the gentlemans there
is Ray Luchia, which is a AM um
personality of course, but yeah, there
are buckets. Okay. and
I would have a decent portion of my
retirement in growth stocks if I was
young. And that can be a variety of
growth stocks. That doesn't mean you
park it all in SpaceX, okay? I'm talking
about some of the biggest spenders out
there, even NASDAQ 100 type equities.
Um, and then yeah, you put it elsewhere.
But boy, with the run we've had, folks,
okay, we haven't had a real pullback in
a while. And if you're in the market and
you're young, you got retirement, you're
all set. But I think there's a lot of
people who have a lot of money in the
market that underestimate
the valuations we're at right now and
inflation's a problem. Okay? So, we're
not going back to the depths of despair,
but that's something real. And when
you're getting that type of interest
rate out there, folks, all right? And I
would encourage you to be careful going
out too far though. As in, you know,
when you look at
that ladder that we just had, you know,
if you don't need the money right now,
some may say,
well, why don't you just go for the
5-year? Okay,
I just can't get clear. That's a little
clear. So, you say, why are you going to
take 4.65
when if you don't need the money, it's
in a retirement account. Why don't you
just take the fiveyear? Okay, great
question. The reason why is because then
you have a greater risk of duration if
if yields really get out of whack. So if
yields now you'll still get your 5%.
Right? You hold it to and that's the
thing. If you know your fixed costs,
right? Let's say you're in a mortgage.
This is why retirees it's a real deal.
Okay? And we all have costs that go up.
But if you're a retiree and you own your
home and even if you have a mortgage,
right? It's a fixed mortgage. It's
locked in. You know what the cost is for
your housing. Um maybe you have
something else. But so you have fixed
costs so you can lock in some of those
fixed returns. But the reason why I'd
say maybe don't go 49 is what happens if
inflation does get out of control. Okay?
Then you're locked into that number for
5 years and you might really get hurt if
we get inflation going to 7 8 9%. I
don't think it's happening but it's a
risk. And to me, okay, that risk is is
I'd rather have four, six, five and get
to roll it over and gain exposure every
year to where the current environment
is. Now, the other side of that is is
that what if yields drop? Well, yeah, if
yields drop, then yeah, you're going to
get less of a yield. But guess what? If
yields drop, inflation's dropping as
well. So, you'll be better off on that
end. But hey, 465, man. I don't think a
lot of people know right now that you
can just run your money and go get 5%
all day long risk-f free almost on a
rollover CD basis. Maybe more people
more people know right now than they did
at the beginning of the war in March.
That's likely the case for sure.
All right, let's take a look at Boeing.
for one of our tigers in the den, the
YouTube den. So Boeing, yeah, they had
quite was an investor conference. Their
CEO was talking about something earlier.
I was talking about on the program, man.
And the headlines just got worse and
worse and worse the more he was talking.
And yeah, they were talking about that
Dan you sandbagging a little bit maybe
sandbagging a little bit as in hey
when managing equities as in when
managing a a seuite a CEO etc. They live
in a world of underpromising and overd
delivering. So there is a real deal
there when they throw out all this
stuff. I mean they were saying there
were backlogs with Let's see if I can
pull up some of these headlines. Yeah.
Nah, they were Yeah, here it is. This
these are the ones. The Boeing CEO still
waiting on an engine seal fix for the
777.
Engine delays still hampering the 787.
They were all in there.
732 rate of 52 a month needs stability.
The current supply chain constraints.
stabilizing 737 output
at 47 jets a month taking longer than
expected. Max 10 certification coming
shortly. So, it was just a plethora of
throwing it all out there.
And you get some extreme volume on this
pullback. Let's see what we're coming
into here. We're coming into this right
here.
What do you got? A low out there at 186.
You got a high at 2011. So, that's where
we're trading into the bar from December
1st. You got lows out here of 176. We're
trading at 200.
Yeah, he up by 1.1% today.
Let's take a look at the daily. Yeah,
those two days, man.
Take a look at longerterm weekly.
You know, an ideal buy on this one would
probably be closer to 180. Okay, that's
where you had support out here in
November. You accelerate out of there
for the confirmation in December. That
was also an area that had acted as
resistance in January and February last
year. In the middle of 2024, that was
resistance as well.
And following that weekly, I' I'd
probably give it a little bit more time
before I'm stack them in. Are you
looking for a buy? What are you trying
to do with that one, Vimpat?
If you're looking for a buy, I don't
blame you. You know, it's quite a quite
a bad news. As in, sell the rumor, buy
the news, right? That's the rumor the
CEO told you, but maybe a little bit
further to go. S&P's flat, NASDAQ up by
92. We'll come back. We'll take a look
at some tech stocks, folks. Come right
back.
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Welcome back, folks. Pepsi down 2.7%
today. So man, EKS in the den talking
about Pepsi near a six-year low,
15.8 times PE, 4.37%
qualified dividend, 1.25 times average
daily volume hitting that low and
they're nibbling with a buy. So what I
do like is you're right back into this
area. All right, you're right back into
the lows of last year. If you're going
to find a bid, this would be a good
spot. Wouldn't necessarily give it a lot
of room though, EKS, only because now
let's back it up further. Okay, you're
talking about back here. You know,
you're blowing through this 382, but
realistically, this is your 382 pullback
area. You're back into the COVID area in
terms of the pullback. It's a heck of a
run to the upside, man.
And yeah, you're giving it up in a big
way.
and they're under pressure. You know,
one of the things dividend stocks are
great, folks, as long as you can be
completely sure in That's right. That's
right. Yes, you beat me to it. In the
consecutive nature, I'll use your words.
Okay. Of those dividends continuing no
matter what. And Pepsi might have a
problem on their hands right now.
This is quite a pullback.
Okay.
And you know this week is going to be
well this monthly. No, I was going to
say lighter on volume, but that's not
happening. Oh,
so we got lows out here at 127.
You're going to have some volume this
week. You're probably not going to break
those lows. We're setting up to
challenge this consolidation back here
in the middle of 2025.
But yeah, whether it's right sugary
beverages,
you know, the competition in that sector
for sure, let alone Coca-Cola of course.
Yeah. Trying to find one part. It's a
great article recently talking about
Yeah. Talking about Doritos, right?
How much was it? Was it a $7 bag? I
think it was. Let me see if I can find
it this quick. Look at this. Yeah, check
it out.
This one. You talk about blunders. I
remember talking about this on the
program. When's this from? Time flies,
man. April, you remember me talking
about this on the program, folks?
$7 bag of Doritos. I remember it like it
was yesterday, man. That was six months
ago almost.
But what this article talks about,
folks, okay,
is that
just bad management basically across the
board and allowing competition come in,
losing shelf space in the store, doing
anything possible to make sure that they
clung to the $7 price tag until finally
they gave it up and cut their prices.
Okay, you got a median price out there
at six. Now we're back to five. And you
combine that with the whole deal with
the GLP once and making America healthy
again. Those are not positive bullish
sentiments when you're talking about the
snacks.
Organic revenue growth. How's that for
you? In yellow. Volume growth
in black. Prices are still rising,
pushing sales down so far that revenue
goes negative.
So they actually did come back from
this. But what this article talked about
is try to find the So they literally did
everything else during the pandemic.
They raised prices at first. Consumers
were fine with it.
The Frito business is the jewel of
Pepsi. Okay. They're in the snack
business, folks. All right. I'd be a
little careful, EKS, and I love some of
the stuff you put out. But I'm just
putting out um that they're in the snack
business, not more, not like the soda
business, and they are in the soda
business. Okay. But when sales started
slipping in the snack business, now I
wonder if that was the GLP1's in there.
It's like a double bagger, right? You're
talking about the GLP1 snacking. You're
talking about Make America Healthy
again. And you're talking about
prices, inflation, all of it.
Some employees raised concerns about
prices getting too high and hikes
happening too often. But even when
revenue started falling, senior managers
made clear they didn't want to go
backward on prices. And so they resisted
and they resisted and they resisted.
Revenue turned negative for the first
time in over a decade, mid 2024.
They didn't just lose customers, they
lost shelf space. The most coveted
displays at the end of the aisle. They
started going to the competitors. You
talk about Takis, I think. Um,
seeing volume declines, the company
should have cut prices earlier.
They assumed consumers would suffer the
rises and only now appreciate how
important affordability is to the
typical consumer
and voter. It should say no. It somehow
comes in, but it's important to
everybody, right? Of course it is. I
mean, think about sitting in that
seauite and listening to the executives
go, "Well, we got to figure out how to
sell these bags at $7 somehow." And if
you're like the same person in the room,
you're saying, "Are you are you crazy?"
That's not happening.
Now, they they've knocked it down. But
as we hit 129, down 2.8. So, I' I'd at
least put a stop in there because, you
know, things times are changing, man.
Times are changing. And you look at
those GLP ones from everything you read,
it's pretty remarkable the shift change.
And now I talked about earlier that I
think was it the NFL football kicking
off last week. I think was it the Shaq
commercials talking about Zepound for
sleep apnea. They're going to be
everywhere folks. So maybe people are
going to be apprehensive about taking it
for weight, but guess what? They have
sleep apnnea. It's like, ah, well that's
real, right? Say, "Ah, I can eat
healthy, but I got sleep apnnea, so I
should take it because that's going to
help me with my sleep. It's going to
help with so many different, you know,
disabilities, um, health conditions. So,
but you know what? With that said, EKS,
I like where we are right now. Yeah. If
I'm going to, you know, I really like
where we are right now. I just wouldn't
give it a lot cuz if you don't hold
here, where do you hold? Right? If you
look at a chart like this, folks, if you
don't hold here, where where's the line
in the sand? This is the line in the
sand. Now, it's an art, not a science.
You don't have to peg it to the penny.
Oh, yeah. Pepsi down 2.8%.
Quite a different chart from Coca-Cola.
And they're different companies, folks.
They are
snacks, Doritos, Cheetos, Fritos.
The marketing machine of the naming of
all those, right? Doritos, Cheetos,
Fritos. Can you imagine naming them?
Like, wow. We I don't I don't know the
order they were created. We got Doritos.
We got Fritos. How about Cheetos? Like,
that's a winner. That's a winner, Joey.
Let's do it.
All right, let's jump around to some
tech stocks. You take a look at the heat
map and the NASDAQ 100. As I mentioned
at the start of the program, chip
stocks. How about the S&P 500? Lot of
red out here for an S&P that's positive
by one point, folks. But guess what? The
biggest equities in the world are the
ones in the green. Google up by 1 and
a4%. Amazon 1.2. Broadcom Micron up by
3%. Sandisk 7.6.
We'll come back and look at SanDisk,
folks. And yeah, options expiration. You
got it, baby. We got 22 minutes left to
go. Look at this. Sandis making a run
for 1,800 yet again. How's that for a
trading ranch? Up 7.5%. We'll come right
back, folks. We'll take a look at
Amazon. We'll take a look at Google.
We'll take a look at Netflix. Come right
back. If you're looking for potential
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>> I'm O'Brien.
Welcome back, folks. We jump around to
this market. You got Google shares up by
1% today, but we were higher. Look at
that. From 355, trade lower by $10. And
right now, we're positive by 1%. But
yeah, quite the acceleration.
And we take a look at this thing on a
daily first.
Yeah, decent bid off that acceleration
where we just got to a high of 34645
on a daily. We're getting above that
area. Looks to be a little bit lighter
volume, you know. Look what we're
trading into, though. Look at this. All
right, Google week of June 22nd. This
area of about 350, folks. It's an
important area. See how we get above
this area right here. And then you get
the volume out there from the week of
June 1st, which is as high as 374. So,
we're going to have to going to have to
trade through that. And yeah, that week
of June 22nd, the high at about 357 and
we hit a high of 355 today. Jump over to
Amazon shares.
Let's back it up on a monthly even.
Look how sometimes these technical
areas, right? Doesn't mean and you went
far below it, but the body of the candle
each time on that pullback finding
support at the 2020 and 21 consolidation
area. And this has been great channel
since about 2022. We put it back on a
weekly. Let's put on a 5year weekly.
And yeah, I like the bounce here. Now,
volumewise, be nice to see a little bit
more volume. Okay, you got an uptick in
volume. That was a short trading week,
though. It's actually a lower week is
what we have, but a nice rejection, a
lower price here for Amazon from 244 to
354 to close it out. And we bounce from
the lower part of this channel line.
And you know, channels, channels are so
great, folks, because if you find
yourself in a great channel, it's just
an easy way to identify
what could be almost doesn't mean it has
to be, right? But general areas of
overbought and oversold. Now, doesn't
mean, as we all know, you can blow right
through that channel on certain
occasions and go higher, go lower,
whatever it be. But
get that acceleration earlier.
You know, 225 would be a nicer as in all
this support from July, but I don't know
if you're going to get to 225. You got
to 245 and here we are at 254. Amazon,
you know, realistically folks, we're
just above where you were trading at a
year and a half ago on Amazon. And that
was after a heck of a run from 80 to
240. You tripled in price over two years
in Amazon.
This is a great example, too. Just just
go in general here.
when you triple in price like something
like that. Now, you know, with
everything I'm about to say, I'll
disclaimer it saying the chip stocks
blow away everything I said 10fold,
right? That's that's the reason why you
hold on for dear life on some of them.
Bitcoin on the original run or whatever.
Um the SanDisk is the microns. But in
general, you get a company like Amazon
that triples in price over two years,
usually you temper your expectations.
And here we are a year and a half later
at the same price, right? at least for
and that's even after trading from 160
to 287 but guess what you're tripling in
price it's got a little work to do but
yeah getting in and we just hit 24430
and the highs were 242.53
you came within $1 of the February 2005
price point this week folks that's good
action and again
you know never think that you have to
give positions a lot of room folks you
might get stopped out a lot Okay. But
when I see setups like this, you know, I
say to myself, you know what? That's it.
I'm getting in and I think that was the
bounce. And if it's not the bounce, I'm
getting out. That's your hypothesis.
Okay? That's your bias. And guess what?
You don't have to give it a lot when you
already that's your confirmation. You've
gotten a bounce. You go back to the
daily. Okay.
I was going to say, and hopefully we'll
see how today ends. It' be really nice
if you can do more than 36 million. And
we might. We're at 285 on options
expiration. You might get it.
And look at all the volume you got at
the highs.
I mean, look at this. There's no selling
and fear in this equity. Okay. There's
no quality volume on the way down.
That's a daily. Let's check out the
weekly.
Yeah, we had some selling here. We sure
did, didn't we? June 22nd. Let's back
this up.
Yeah. So all the volume comes in on this
day on the bounce
on June 22nd. So that's important
context as well.
You know, ideally,
yeah, get me in at 225, right, with all
that volume.
But that's not how it works, folks. And
that's a nice bounce down from 287 to
242. 244. What did I just say?
244.
All right, we jump over to Netflix
shares.
So Netflix, yeah, down 5%.
Viewer trends look worrying
out here. And I think they look worry.
They they look worrying, too. I'll add
to the discourse. Okay, Netflix down
4.5% right now. Um,
I just pulled up Netflix out of
curiosity what pops up.
Nothing good at all.
Yeah, nothing even worthwhile. And in
the age of, you know, competition,
right? You got Netflix. You're always
going to have Amazon Prime. You got
Paramount,
which is buying Warner Brothers, of
course, which is HBO.
And then you have Peacock,
you got the You have Fox. I have to go
through in my head all of these
streaming platforms. Okay. And the point
being, uh, you have Apple TV. I knew
there was one more. I've gotten into F1
racing, folks. I enjoy F1 racing. On on
Saturday morning, I get to watch the
qualifying and on Sunday morning, I get
to watch the race. And I love that most
of the time they're in Europe. And so
what happens is I wake up having my
coffee at like 8:30 and I get some good
live sports. And it is live sports. It's
competition. It's reality TV. It's
competition. But I watch that on Apple
TV. Apple TV's got some decent programs.
Um Ted Lasso. Watch Ted Lasso. That's a
good one. Haven't watched the recent
episodes, but I got to get into some of
those. But yeah, competition's
everywhere, man.
And so, yeah, they got the story out
there that
you're talking about trends in terms of
viewer trends.
Wells Fargo turned outright bearish,
cutting the stock to underweight. They
put their price target at 57 from 80.
It's quite a quite a knockdown from
Wells Fargo.
So, they're going to in July they are
told everyone they're just going to post
their flagship engagement report once a
year instead of twice a year. Why?
Probably because they're bleeding
subscribers.
All right?
and they're either going to have to plow
more money into content
or figure out another way because their
business model had turned to a lot of
advertising. And the worrisome thing
there is is that if people are paying a
small fee and not actually watching it,
they're not selling any ads.
So, they're probably going to have to
spend some more money on some real high
high quality content.
Reed Hastings isn't even on the board
anymore. How about that, right? He
hadn't been CEO for a while, but why not
be chairman of the board? Not that it's
an easy position, but for somebody in
his stature, probably could have had the
time, but he just didn't want to. Moving
on. Crude 9560. We'll come back, take a
look at crude, take a look at yields.
One more segment. We'll come right back,
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>> The reality is that navigating financial
markets can be risky.
Markets can be chaotic and difficult to
understand. Having the latest market
advice can help you turn this chaos into
a key for creating winning trades. At
TFN, we understand that it can be hard
to find reliable market news. That's why
each of our market experts offers their
very own market newsletter. A must-have
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Welcome back folks and yeah Killian
Mbappe. And you know, I enjoyed the
World Cup this past year, and I'm
familiar with this gentleman because he
is such a phenom. When you talk about
superstars in soccer, and he goes from
Nike to sign a 10-year deal with O
holding,
which is O is their symbol. Now, what's
remarkable is no appreciation
whatsoever. The market gives it all
back. So, I don't quite get that one as
in that seems like now what are they
spending though? What do they have to
give this guy to get no stock
appreciation whatsoever when you scoop
away Mbappe for 10 years? He's 27 years
old. They're going to get him from his
27 to 37. Yeah, he's the World Cup's
all-time leading goal leader. The only
reason that is the case, though, is cuz
he No. Uh, didn't he score? Didn't he
just did he win the golden boot, I
think? And didn't he score a bunch of
games
goals in the consolation match?
Let's see.
Yes, he did. He won the golden boot, but
he ended up scoring a lot in the second
place match. Ah, the third place match,
right? The the bronze match if it was
the Olympics. Nonetheless, they get him
for 10 years. They scoop him away from
Nike. Nike's problems just get worse.
Yeah. Federers with that company. 2010,
just from 2010. Imagine this company
2010 they get founded. Now it's pullback
as well.
But they're a10 billion company.
Nike down 2% on that news today.
52.8
billion. But yeah, no sign of strength
just yet. No reason to catch a falling
knife, folks. If Nike is going to get a
turnaround, you'll see it in the charts.
And I would wait for that turnaround.
All right, let's finish it up with gold.
Hey, with everything that's going on,
folks, dollar sitting at 100.20. We're
at a critical area for the dollar. Okay,
you're bumping up against the highs we
had earlier in the year. GDX down 51
pennies. Gold 4414.
Folks, thanks so much for tuning in,
spending your time right here with me.
Couldn't appreciate it more. Have a
great weekend, folks. Enjoy that time.
Spend it however you want, but enjoy it
time. Enjoy that time, folks. Have a
great weekend. We'll see you Monday.
Thanks, folks.