Video summary
The video begins by highlighting a surprisingly strong day for the US stock market, where every major index posted gains despite some volatility in commodities and cryptocurrencies. While oil prices dipped significantly and Bitcoin fluctuated around the $78,000 to $80,000 range, the Dow Jones, S&P 500, and Russell 2000 all moved upward, signaling a healthy rebound toward all-time highs. The presenter notes that buyers are actively stepping in at key support levels, such as the $760 mark for the S&P 500, which has transformed from old resistance into current support above the 180-day moving average. This positive sentiment is further underscored by a drop in the VIX, suggesting reduced fear among investors, though the presenter maintains a cautious stance on playing immediate relief rallies without waiting for clearer confirmation.
A significant portion of the discussion focuses on recent earnings reports that have caused sharp stock reactions, starting with Dick's Sporting Goods, which suffered a devastating 31% decline after missing both earnings per share and sales estimates. The company also lowered its full-year sales guidance and cut its forecast for Foot Locker to negative growth, leading to a drop of nearly 50% from its highs just two months prior. Although the presenter acknowledges that the monthly chart does not look catastrophic, he advises against buying into this decline due to the weak fundamentals and negative sentiment, suggesting instead a wait-and-see approach or potentially shorting the stock given how far it has fallen from its peak.
In contrast to Dick's Sporting Goods, the video analyzes Intuit and Zoom as companies that beat earnings expectations but faced mixed reactions due to soft guidance. Intuit double-beat its EPS and sales figures but saw its stock drop significantly after providing weaker-than-expected forward guidance, causing it to fall below its 180-day moving average; the presenter views this as a risky entry point rather than a buying opportunity until the next few days clarify the trend. Zoom, however, is presented differently as it also double-beat earnings and raised its full-year guidance for both EPS and sales, leading the presenter to consider its recent price drop as a potential reset after an overextended rally, making it a more interesting candidate for consideration despite the usual advice to conduct independent research.
The final stock highlighted is Novo Nordisk, which has been a successful trade for the channel's community, having previously been bought in the mid-$40s and sold near $65 before recently retracing. The stock is currently recovering after a post-earnings sell-off, showing higher highs and higher lows as it pushes back toward the $50 to $52 range. While acknowledging the intense competition in the GLP-1 space, the presenter emphasizes Novo Nordisk's strong performance over two consecutive decent quarters and its ability to navigate market pressures. The video concludes with an invitation for viewers to share their thoughts on these earnings-driven moves and to engage further through the channel's Patreon and Discord communities for more detailed trade alerts and portfolio breakdowns.
Read the full video transcript
So, we have some stocks to break down
today, guys. All of these just reported
earnings. Literally, they're hot off the
press, guys. So, let's dive into it. Hit
the like button. Make sure to subscribe,
and let's talk stocks. So, overall, we
had a pretty decent green day in the US
stock market. Honestly, great green day
considering every index in the US market
went up. We had the Q's up 6%. Dow went
up.3, the S&P about.3, and the Russell
went up, let's see, about half a percent
as oil, both Brent and WTI went down
about 56% and Bitcoin broke out of 80K
momentarily and now it's back to about
78 79K. But either way, man, excuse
[clears throat] me, guys, very good day
for the stock market. We're getting
pretty close to all-time highs again on
the Dow. Not really, you know, too
close, I guess, but we're starting to
rebound on the charts. We're looking
pretty good. Russell, same thing. Buyers
are coming in. Q's looking decent as
well. We're seeing that inverse head and
shoulders still intact. And the S&P 500,
looking at SPY, we're getting buyers
exactly where we want to see them, guys.
[clears throat]
Excuse me. Excuse me, guys. Uh but yeah,
we're seeing the buyers come in right at
760, right at that old resistance, which
is now acting as support. Also, right
above the 180 moving average, this is
very good overall. And it it looks like
to me, I don't know about you guys, but
on all these charts, this is a healthy
pullback. What we've uh you know, what
we've seen here, and buyers are already
coming in. Cheers to that, guys. Got the
good old water today. We we've had
enough coffees. We're We're back on the
water here, guys. Cheers.
So, yeah, that's the quick rundown.
Pretty good day. Oil slipping, risk on
type day, VIX down. What more could you
ask for, right? Very solid day. And we
got earnings today out of a bunch of
companies. We saw DIX this morning
report earnings and their stock went
down so much, 31%.
Unbelievable. Probably one of the worst
days ever for Dicks. I mean, it's got to
be one of the worst days ever. $55. Now,
the stock's down on the day $55, but
from highs over $120. And the stock's
down 50% from where it was just two
months ago. That is devastating, guys.
Very bad day for Dick Sporting Goods.
And the company reported, let's see
here, earnings per share. Where are the
earnings per share? I just saw him a
second ago here, guys. They reported
adjusted EPS $353,
which missed the $3.77 estimate. So,
that missed. And sales came in at 5.58
billion versus 5.65 billion. So, they
missed sales as well. And let's see,
guidance can't be good. Um 21.9 to 22.2
2 billion [clears throat]
for fiscal 26 sales versus 22.33 billion
expected. So sales guidance is a little
soft but honestly not too bad. Um and it
looks like here their 26 comp sales
growth outlook it's at 2 1.5 to 4% and
they cut Foot Locker forecast to
negative -2 to flat. Uh that is not
good. So their earnings are just rough.
down 25% on track for record percent
decrease. Yeah, that literally that was
the worst day what we just saw ever for
Dick Sporting Goods. And it's got to be
on some metric that we're not seeing. I
mean, yeah, they double missed earnings
were not great, but we're seeing here it
says same store sales ring warning
bells. It looks like um that's spooking
investors to a big degree here. Um and
again, we're down 30%. So, this stock
now is trading pretty much where it was
at back in 2023. And even with this
drop, I know it was a devastating day.
And let me know in the comments if you
guys are in Dick Sporting Goods. I hope
nobody watching is in Dick Sporting
Goods or was in Dick Sporting Goods
today. But let me know in the comments.
And believe it or not, even with this
30% drop, we're not looking that bad on
this max chart [cough and clears throat]
on the monthly time frame. It's honestly
not looking that bad. Uh, but I'm not
touching this with a 10-ft pole, guys.
I'm not playing the relief rally. I'm
not playing the turnaround play. Um,
this is much more of a, you know, a wait
and see approach for me. Maybe if it
pops a little bit, m maybe it's worth
shorting with how negative the sentiment
is right now around Dick Sporting Goods.
So, those earnings were this morning.
Now, uh, the quarter [clears throat] or
the one that we're we're about to break
down now, they just reported their
quarterly earnings just now into it,
guys. Intu, which this stock went down
3% on the day, about 3.5%.
And now in the aftermarket, uh-oh, it is
down even more. Oh, wait a second. It
closed at 355 and it got all the way to
301. Oh, man. And that was a a 15% drop
initially for [clears throat] Intel
or not Intel and to it. Uh my bad not
Intel and to it guys. Um and it saw a
rebound back to 345. Now it's at 327. So
Intuitit reported earnings per share of
$4.3 that beat the 358 estimate on
adjusted EPS on sales of 4.35 billion
versus 4.26 26 billion expected. So,
double beat out of Intuitit and their
guidance must have been soft. Oh my
gosh. Yes, it was. Uh Q1 gap EPS of
$1.71 to $1.75 versus $2.27
expected on um adjusted EPS
244 to 248 versus $44 expected on sales
of 4 uh 4.29 29 to 4.31 billion versus
4.36 billion expected. So very soft
guidance, very soft guidance um out of
inuit double beat sure but
[clears throat] the fact that the
guidance is bad um that brought the
stock under the 180 moving average. Now
it is rebounding. All right, buyers are
coming in slowly at that moving average,
but this is not a dip I'm buying right
now. You know, I I'm waiting on it. I'm
gonna see how the the next couple of
days post earnings go, especially with
the weak guidance. You know, if this on
the flip hand or flip side, if in it
reported great earnings, great guidance,
and the stock sold off momentarily, hey,
maybe that would be a dip to actually
buy, right? But the [clears throat] fact
that it's dipping on terrible guidance,
um, I'm not buying that. You know what I
mean? Zoom is another one. Ticker ZM,
this one's down. Oh man, this one closed
down 34% on the day. Now it's down
another 34% in the aftermarket. ZM Zoom
reported A155 adjusted EPS that beat the
$148 estimate on sales of 1.27 billion
versus 1uh 269 billion. So pretty much a
double beat out of Zoom. Uh looks like
they see Q3 adjusted EPS of A146 to $148
versus A150 expected on sales of 1.27 to
1.28 billion uh versus 1.282 billion
expected. They actually raised their
adjusted EPS guidance for the full year
and raised their fullear sales guidance.
Um so honestly this could be a dip worth
um considering. Not telling you guys to
buy, not telling you, you know, what to
do, but this one's slipping on decent
guidance. Um, and it got a little
overbought, maybe ahead of itself, and
it needed a reset, arguably. We got it.
Um, Zoom went from 83 to 110 in 20 days,
30%. I mean, come on. It needed to cool
off. We got it. So, this actually could
be one worth considering. Do your own
research though as it is falling on good
guidance uh which I like to see for a
potential opportunity. Do your own
research again guys. Um let's see
another one I'm watching and by the way
guys hit that like button. Make sure to
subscribe, hit that follow button if you
haven't done so already. Another one
here is Box Box Inc. Ticker Boox. Uh
which has been crushing it for a while
now for a couple months. The stock's
been uptrending. beautiful uptrend here
and they reported adjusted EPS of
let's see 40 cents which came in line
versus uh the estimate on sales of 321
million versus $319 million. Uh so
pretty good earnings out of box. Uh they
did lower their 27 GAP EPS guidance a
little bit. Uh looks like here they
raised their fullear 27 sales guidance
though from 1.28 to 1.29. 29 billion uh
versus 1.28 billion. So, not bad. Uh
they lowered their 27 adjusted EPS
guidance. Uh so, mixed guidance there.
Decent quarter out of box. Stocks not
reacting too poorly at all on that weak
guidance for adjusted EPS. In fact, it
sold off, digested it. Now, we're back
in the green in the aftermarket. So,
[clears throat] watch out for this for
the strength to potentially continue on
this stock here, guys. Uh we can see now
we're getting pretty close. We're pretty
much at the highs from the end of
December heading through, you know, up
until really um November of 2025. So,
we're getting close to these highs.
We're pretty much at them. So, watch
BOX. And the last stock for this video,
guys, is Novo Nordisk. Let me pull it
up. NVO is the ticker, which you guys
remember I pro well some of you probably
do, especially if you're in my Patreon
where you get all my trade alerts, my
positions, right? My portfolio
breakdowns every week. Uh the Discord
chat, all that is through Patreon.
Shameless plug link down below in the
bio in the comments as well. Uh we we
talked about a couple months ago our
trade in Novo Nordisk. We made a you
know, we made a killing. The stock went
all the way to $65. We traded it all the
way from the mid40s pretty much. We sold
it at the right time. Now this thing,
well, it's it's come down a good chunk,
but it's starting to recover quite
nicely. Higher highs, higher lows. We're
now starting to push through um these
moving averages on the 4hour chart. And
yes, there is a lot of competition in
the space. Novo in GLP1s, this that blah
blah blah. We're not going to talk about
the fundamentals today, but they are,
you know, they are a key player in that
space. They're doing pretty well. And uh
the stock is rebounding on two decent
quarters in a row. Um they just hit
about $52 back in the end of July about
a month ago. Then we sold off after
earnings. Kind of found our footing here
in the mid-40s. Now we're starting to
push back um towards 50. I think this
could have legs back to 50, $52 a share.
Uh, you know, maybe even higher. You
know, this this this gap could fill in
my opinion, uh, back towards 52. And if
that breaks, uh, hey, maybe we get back
to where we were when I initially sold
it or last sold it, uh, back in the in
the mid60s. We'll see, guys. So, what do
you think? Let me know in the comments.
Hit the like button. Again, don't forget
to subscribe and check out the Patreon.
And I hope you guys had a great day. Let
me know how you uh how you did in the
comments. Hope you guys had a great day.
And with that being said, I'll see you
all in the next video.