Episode Summary:

Johnson & Johnson splitting into Johnson & Johnson? JNJ Stock
Elon Musk sells more TSLA
Biogen has good Alzheimer's data BIIB

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Guests:

Nate Tobik, Investor and Founder of CompleteBankData.com, author of The Bank Investor’s Handbook 37:00

https://twitter.com/oddballstocks

Meet The Hosts:

Dennis Dick

Twitter:https://twitter.com/TripleDTrader

Spencer Israel

Twitter: https://twitter.com/sjisrael

Joel Elconin

Twitter: https://twitter.com/Spus

https://www.premarketprep.com/

Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

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Unedited Transcript:

What's up everybody happy Friday. We made it. It's the end of the week. But that is not, it does not mean the excitement is over. I want to show you guys something. Check this out. This is pre-market prep with Dennis Dick Spencer, Israel.

oh, what's that a new intro? Maybe? I don't know. Do we stick with it? Do we change it? Do we go back? Let us know what you think in the chat. We're open to feedback, but we thought let's change it up a little bit. Wait, let, let us know what you think about it. He thought it was. Too long. You didn't like the music.

You liked the music. It was feedback in the chat. We're open, we're open to it all. Uh, guys, we got a lot going on today. We got some big news in biotech slash healthcare land. Uh, Biogen had some news Johnson and Johnson has some news to talk about that. We'll probably talk about few more shares of Tesla yesterday.

We're going to talk banks with our guests today. Nate Tobruk is the author of complete bank, data.com and the bank and vastness handbook. He would run the show at 8 35. We would do some ticker time at the end of the show and then Mitchell Jewish segment, or he'll run through what's on his radar. In the meantime, let's bring up Joel's charts here.

Tell us how we are doing. We're doing okay. Spencer of quiet inside day on, uh, uh, veteran's day yesterday caught a bid right above the clothes. We got a double close area that's kind of rare 42 and 43. So that's my area of interest on the downside, uh, on the upside. Quiet. We couldn't, we took out the intraday high, but not the, uh, the globe backside.

So we're chopping around here. We'll see if we can get that 46 60 handle and barrel towards back 4,700. Got some work to do under downside. We'll see here by the quiet overnight range, only 14 points are crude flirt with 80 bucks. Again, that's down a buck 36 at 80 23. Gold's down six 60 it's 18 57, 20 Silver's down 18 cents and 25 11 oh Bitcoin taken a little haircut today down 1180 at 63, 8 75.

And the Ethereum go in the same way down 157 bucks at 4,600 and a quarter. That's a little over 3%. So one of the first news items I see today is this Johnson and Johnson split. And so the first thing I think is men. I hope Dennis is not short Johnson and John. No, not sure. Johnson was long Johnson and Johnson overnight.

And this is what I tell you on any given day, random news can work in your favor and out of your favorite, don't let it affect your strategies. Because a week ago, when I was short general electric, and that announced the split into three companies, I got murdered on it. People saying, maybe you should decrease your size.

Maybe you should change something up. And I was like, absolutely not because it's random BS, bad luck today on J and J. I just happened to be long and overnight I've already sold it so I can freely talk about it. Um, it's just not it's that's not like, oh, I'm a good trader because I just made seven points on Johnson.

Johnson. Yes. I made seven points because I sold it earlier this morning. Um, it's only up for now. But I'm not, you know, it's, it's not just good trading. That's just BS luck. That's so this as much as my GE short, when it renounced random news was BS, bad luck. This is BS. Good luck. So I was thrown into the BS jar because you're not a good trader because you just made seven points on J and J this morning, you got lucky.

That's just random luck. So random luck today ran a bad luck last week. I basically net out. So, you know, on that. So I have a better day to day. Probably. Can I ask you a couple of questions here? And this is something a little bit of a preview for the December 11th event, where you at your desk, when the news.

No, I had slept in a little bit, but I missed it by about 10 minutes. So the trading afterwards is some skill involved. So the nice thing about this general electric, you know, is that it gave us precedents on what they're going to do for stocks after splits or after they split them up into different companies.

So somebody came and they just couldn't stop buying change. Hey, this morning and bought all the way up to $172. Okay. We already know that GE not only gave back, it gave back all of it and is now trading lower than when it announced it. So it appears that they get the initial hop and spike off this, and then they give it back.

At least that's what they did with GE. I think the same thing is going to happen with J and J. I think the same, thing's going to happen with J and J I would be selling it even at 1 67 and a half this morning. I was long. It, I sold at 1 69 and a half. I didn't get the 1 71 71, cause it was up there and you can see the initial spike up.

And I wasn't at my desk at that time, but when it came back, you know, um, I must've got to my desk. Well, no, actually I was on the initial candle, I think an initial candles. What? 20 minute candle? Joel. 15, 15 minutes. Yeah, I was right in there. I was in there somewhere. Did you like, did you sit down and you know, did you, did you, did you just come out and say, okay, I want out at 1 69, there was a bed and you slammed the bed?

No, I thought six and a half bucks was good enough on news like that because, because G had just given it back, if G hadn't given it all back over the last three days, I might be like, well, maybe I'll digest and see, but now I have pressed. So I'm like, okay, I'm just getting out. So I think I hit the bed at 1 69 and a half.

It actually was up at 1 71 after that. So I could have got a little bit better price, but I wasn't sitting around waiting to see it start leaking. Cause I don't know. And, and I'm just getting into my desk. So I didn't have time to like really analyze what was going on that much, other than the fact that I see a split.

I see, I just saw this last week and the stock gave it back. So it makes me think that this could give back to, I think six and a half bucks is too much. I think. So I made centimeter and I guess I made six and a half. So, uh, you know, that's why I turn around and sell it. So now it's only four and a half, like I said, could, you know, it's going to be talked about in the media.

It's on CNBC right now. I mean, Jim crane was going to talk about it. Jim Cramer likes J and J he'll talk about up and maybe pop into that. But I think when the dust settles and we look at this a week ago, Other things being equal, meaning, you know, we don't have a rip Rowan rally and all healthcare stocks.

Um, and there's no other news in J and J I think J and J could leak a lot of these games. The only reason I asked and then we can move on. I know we're spending a lot of time on this as if you know those initial candles, when it was this one on its way up to 1 72, right. That like you would have, if you would've seen it there, I do like, ah, you might've disliked on the way up, you know, like a whole number there.

Might've thrown something out there at one 70. It just because the market's moving so quickly. Right. I don't think yet gore. I think I was out of, I think if you're looking at the candles better now, so that initial spike up candle, I was in the second candle, the second blue. So I'm not in that initial one.

Cause that's a better candle. I'm looking at them in the second one. I wasn't, I was actually, I was tired last. I slept in a little bit. I usually get to my desk before six at sometimes at six o'clock. I thought I'm at my, I was up at five 50 and I laid in bed for like ever. So I was like, I just didn't feel like going down.

I actually did check some quotes and stuff at like six o'clock and they didn't seem to be that much going on. Obviously this news broke around, I think, around six 20. So I got to my desk, I think it was in that second candle from Paul. Why don't you reverse and go short? I mean that's yeah, that would have made money.

That's that's a really hard thing to do when you're launching something and then turn around and go short sometimes. And when you can do that, you're really on the ball. So yeah. Would have worked in this case, but I would have taken some heat on that too. Um, so it's always easier to sell along than it is to turn around and say, okay, actually thinks this is bearish.

So do I think it could leak it back? Yeah. But do I think there's still some pops in here? Do I think there's going to be a Cramer push at nine? O'clock probably, I'd probably sell more into a Kramer pop if he comes on and he gets behind this, like, oh yeah, this is great. Maybe even talks about on mad money.

It could pop a little bit more because of that. So I think, you know, up for it doesn't feel like much of an edge because you still have a lot of people. I mean, it's on CNBC right now. So they're gonna talk about all day so that could drive more volume into it. As people talk about it on media retail, traders, get in.

I do think. If you're in this stock, I think you need to ring the register. I would say right now, after coming down off that 1 72, I'm just looking at this 1 67 and a half area. This is just very short term. You know, I would, and I saw this in GE I remember one 14 and I was saying, if they can't hold one 14, am I give it away?

Give it back right now, kinda that 1 67 and a half that looks at. But the other thing I just want people to think about is this stock got up to this area right here. It has a traded there since early September Johnson and Johnson is a fairly thick stock. All right. So in order, so if you, if you think about how much it's triggered a lot of volume, it could definitely open up in this area, but if you add up all the days and all the volume and all the potential offers out.

That is like a huge move. And if you were doing that, I mean, it would almost never happen in a regular session. So this is one where you got the good price in the, uh, in the after hours. We'll see. See what happens in the regular session though, but I'm glad you were on the right side of that one. Dennis.

It's random luck. So you just got to, when you have random, bad luck kitschy, it has got to chalk it up and say, that's not, you know, if you're trading bad, you're trading bad. Sometimes I trade fantastic and I lose money for simple, bad luck. So it's like a casino. I mean, the edge is 52 55. Maybe it's 60%. If you have a really good edge, you're gonna lose 40% of the time.

42% of the time. I know people have 95% win rates. They don't take losers. And eventually those little losers turned to big losers and eventually get rocked. Like somebody was talking about, um, you know, a trader that, you know, hasn't had any loses, any doubles down and he doubles down and it keeps averaging down and eventually comes back.

We know how that story ends though. That story ends. Like if you average down, and this is why, you know, the casino has limits on, you know, doubling down on red, red, red, but you know, you get to a point where that roulette wheel goes, you know, 10 times in a row, black, 12 times in a row, black, those losses get immense and they get huge.

So you can double down, you double down, they doubled down, they double down and 98% of the time, the stock eventually comes back and they get their money back. But that one or 2% of the time when you've averaged down so much and you've put so much capital to that, what happens is you end up often blowing out your account.

So you win 98% of the time. But on the 2% you blow out your account. I don't like that either. So you can Jack that win rate up a lot. You can have it really, really high, but you better be knowing what happens when that black Swan hits or, you know, that time that it doesn't come back. And it isn't pretty.

And I've seen a lot of JJ question, Eric, why were you long? Was it just to, I had to get something else. Do you remember. I needed stock. I was just too short spot. I'm doing the yard, but I'm just buying the stocks against the index. So I do the ETF AARP. So, um, I'm just buying and I do it, you know, I do it all the time.

So, you know, I'm just doing the Arab to try to build it. I don't do it like high-frequency style. I build it and replicate as much as I can. Like we've talked before Joel, when you've got those top 10 components, you're pretty good correlation with the overall market to the tuna, like 94%. But if you only got 10 stocks against the S and P you're going to have those outliers where, okay.

All of a sudden Tesla has a bad day or something. That's a big component, you know, that, that can throw out that all out. So it's a different style, but I needed stocks last night and you know, I just, I bought some J and J so I don't, I don't remember. I probably, I analyze that for like less than 300. I just needed to buy stocks.

The market was ripping last night. I needed to buy stock. Don't acknowledge my joke on the screen here. Josie joke, Johnson and Johnson will become Johnson and Johnson. It's that funny? You tried it on me earlier.

Um, can I control those, uh, those graphics down there? Can I get to put stuff up? How do you do that? Yeah, if you want it to do we want to do some teaching today? We do want to do some teaching. We're getting some great questions. Paul and Paul messages, me, uh, he, he, he, he gives us, he's given another one.

It's like, when you do your Arab, is it random? Or do you pick pick sectors? I try to sector hedge as much as I can. Like I try to banks with banks come up, you know, oil stocks with oil stocks, you know, steel stocks was still, if I can do that, that's awesome. If I can't, you know, once I get big enough, once you get like 50 or a hundred positions on, then you kind of are the S and P to a certain.

So you can start and remember, and I was adjusting during the, you know, if I got a lot of smaller caps or mid caps, I might do IWM against about a lot of tech stocks I might do QS against, but when Tesla was going nuts there for a few days, I actually was using XLK just to get away from the Tesla impact on the QS.

So you kinda got to understand, you know, what's the percentages and the different ways to do it, but there's so many different vehicles to, to hedge with your ETFs. And you know, and a lot of people say, well, why do you hedge? Why don't just go long? I mean, a great market. Yeah. You know, probably over on a bull market, you make more money just going along.

But, you know, the difference is in a bear market, I make more money in a bear market than I do because those, any efficiencies grow. So, and again, you know, if we just going back to the history of my trading, which, you know, I've had multiple questions about this my best years in trading, my literally my best years, 2001, 2007, 2008 and 2020.

Why? Because we had huge crashes in huge bear market. That's when, you know, you have a real edge when you actually make more money in bear markets. So bull markets, I'm making money. I'm doing well. But because I go both ways, those shorts, you know, they don't do that well in a bull market, but you know, they do really, really well in a bear market.

And, and don't kid yourself, virtue, financial, you know, sit it down. They're all having their best years when you have these price dislocations as well. Don't kid yourself. Cause they're doing similar stuff. So the pro professional traders, you know, I was asking, you know, uh, another friend, another prop firm, I'm like, what was your best years?

You pound out the same three years as me. And you know, and it's not a coincidence. So I mean, in a bull market and everybody looks like a genius, right? If you're long will only, and stocks are going straight up, you're like, wow, you know, 20, 20, the back half of 2020, everybody's like, we can do no wrong. It's been a little bit different this year, but we're still in a bowl.

So you have to analyze your own edges. Am I really good at this? Or am I just benefiting from a bull market? Because like I said, I traded retail in 19 97, 19 98, 19 99. And I made money all the time and I thought it was the best trader in the world. I got to break trader and trading in 1999. I realized I had no idea what I was doing.

Like I literally was just benefiting from the bull market, the ridiculous bull market, where everything was going up. And then in 2000 and 2001, you never heard much about trading after 2001 because it was so many traders. The NASDAQ fell 81%, 81%. Everybody got. I had my best year ever, because I had adjusted, you know, to understanding that I've got to trade more hedge.

I am taking on more risks than I realized, you know, my, my buddy James Mercer there on Twitter, he was tweeted something last night. I retweeted it. A lot of people have no idea how to manage risk. And you haven't really learned it in this market because we haven't really had a bear market in the last year and a half, two years.

You know, we obviously had an ugly market in March, 2020, and people would have learned the hard way, but they also learned that, that they hold it comes back. And, you know, for the most part, maybe the indexes do come back and maybe for a long only investor, you don't have to worry about any of this stuff.

But if you're trying to trade for a living, you've got to be able to go both. That's it right there. Um, Hey, uh, we had ran ever, Ted Waylon said, wow, that that was, I don't know about that, but a tease, but a tease of what will come on December 11th. Uh, but if at any time you can do, but until then let's get that like button hit that thumbs up.

That's great stuff from Dennis and Joel. Uh, let's move on here. Let's go to Biogen. Uh, they had some good data out this morning. Uh, they ha they report a phase three data on their Alzheimer's drug. And this phase three studies showed two things. It showed one, a reduction of a protein, a key protein, uh, that, uh, it's found in patients with Alzheimer's and two, a correlation between said protein and cognitive decline.

And so what they're saying is, uh, our drug reduced this protein that we've also. Contribute to cognitive decline. So that was out last night after the close. And, uh, the stock reacted to that big time. I tried to buy it on this headline and went really fast. Um, I didn't get it. I tried, um, I've probably slept for the first few seconds on it.

And then you're reading like, oh crap. And you and I could have lifted. I should have lifted. I could have lifted the two 70 that would have paid up three and a half. And I'm really like, I can't believe I didn't lift it, but I second guessed it. I was just like making sure, like, is this an old headline?

Because obviously Biogen has talked about Alzheimer's a lot, so you're trying to quit. And then somebody lifted and then went to 72 to 75 to 80. Why did I not just lift the two 70? And this thing went all the way up to over $292 on that initial candle. So they got really excited way over done. Biogen is a thin stock after hours.

It wouldn't have went up on crazy volume. It would have been like a few hundred shares, probably traded up there and then they pulled it in. And the two seventies fields. Two 90 was way over time. Yeah. Now you got to reset. You hit actually a 92 75. I think I would just look at some, you know, now that you've given it back, I think you just got to look at some daily highs here.

Um, and you actually have a few even before two 80, but uh, maybe get a look at this 2 79 71, uh, that was the high on, on November 11th. And then it opens up in the two 80 handle, but, uh, kind of a thin stock. I think it's going to have a real hard time getting back up to, you know, uh, getting back to the 2 92 75, but we'll see.

What about on the negative end of this, this head? Any others? Like, uh, what said stock? That's competing Sava Sava. I, I like where your heads at all? Not really. Okay. Yeah, I dunno if it was rip, roaring up 50 bucks today on this headline, it'd be a different story, but because it's only up a few bucks, it's not even getting headlines.

I mean, it's up $7. Are they going to mention on CNBC? Probably, but if it was up 20 or 30, it'd been like the top story with Johnson Johnson. So because it's not rip run rally, nobody's thinking like, okay, well, this isn't good for Sabra. This isn't good for Lilly, which has a competing drug as well. I thought it last night too, lowly I'm like when it was ripping up 20 bucks, like it was short Lilly on it, but then it came right back in.

I was like adds probably a nothing burger for allele. So, um, I mean, you gotta analyze the, with the more wicked, the move, the more likely you'll see the peer plays either direction. Obviously, you know, thought process, competing drug, bring it down. I mean, we saw that with Merck Bristol-Myers a million times.

Yeah. And I, I traded at that day, but I didn't hold on to it. And Regeneron, I don't know where it is. Yeah. It was a by two, we said that, um, you know, but I did say maternal was a buy on that too, but Donna has not really bounced back much. So it's kind of right where it was just hanging out down there.

Eventually I like at a certain point in time, but during it's going to be a five, because I think they're going to have that flu. I mean, if you're buying a 2 23 this morning, that's it see the one hundreds again, it might because COVID is taking such they're dumping the COVID like the stocks that benefit of COVID.

So fiercely that baby with the bath water is getting thrown out here too. I do believe that Madonna is a better company though, than doing so many things. And I believe in this, like if I was buying Madrona versus. I would do a Madonna all day long right now. Do I think you can make money doing a pair of maternal long Novavax short?

I think so. Um, but it's gonna be a lot of heat all over the place on that. It's it's going to be a wild pair for you, but I do think you mentioned Madonna recovers and I'm not sure Novavax has, I just think modern is a better company. That'd be a longterm bet though. But then you got to look at borrow rates.

If you're going to do it. Long-term you got to look at a lot of things. I'm not sure. You know what the rate is of no, of vacs. I haven't looked, it's probably not that bad, but something you have to consider when you're putting on long-term pairs and then Pfizer get the hops yesterday. Those things were back over 50.

I know you just can't seem to, uh, keep a good stock down. I guess the one thing to consider is Pfizer, you know, is it's been the cheap way to play. COVID the whole time. I mean, what's a trait, Spencer, 10 times, 11 times 3.1, 2% dividend. I mean, healthcare drugs typically are lower. Very good gas, 11 and a half is their forward P 11 point.

And this is a core holding of my long-term portfolio, which I'm not getting rid of. I bought it at $14 when the PE was 10 or 11 back then. And obviously it just continued to grow. That was like seven or eight years ago. I bought this. Um, but again, I mean, you know, it's, it's been a cheap stock. You don't expect a Pfizer to blow it to a 25 30 times earnings.

They don't do that, but I it's, it's not an expensive stock by any means. And Regeneron isn't too. I like Regeneron as well. I've said that. So a lot of healthcare stocks, I like all the healthcare stocks. Well, speaking of all this, I feel like this is pretty relevant. Maybe we should talk ACN. Cause AstraZeneca had an earnings this morning and I'm like Madonna and I'm like Pfizer.

AstraZeneca is a taking one for the team that they've given away, their vaccine, a lot of their COVID back. For basically nothing. So, uh, the revenue that they've realized from their code vaccine is, is bought a fraction of the revenue that Madonna has, has realized. For example, modern has realized like $5 billion of revenue from their COVID vaccine.

Ashley's Avoca, uh, is, is nowhere in the vicinity of that, but they just say that they're going to start realizing more revenue, uh, going forward, but they've given away a lot of their vaccines, uh, for, for, for basically nothing. I'm not quite sure why the stock is down this morning, to be honest, because the numbers weren't that bad.

The headlines, at least weren't that bad to me. And they reaffirmed their guidance for the year. Um, but you know what? The stock is looking for. The, if you take away this morning, it's looking pretty good. Yeah. It's probably a by on the pullback. I mean, it's a stock, that's in a clear uptrend. It's not a sexy name.

It's obviously already priced over in Europe. Something you have to consider is that, you know, it's not like this is just pre-market trading. It might just rip higher. It's been trading in an open in Europe for five hours. So this is where it's going to be. This is where it wants to be. Does it bounce around the 60 area?

I think it could. Am I jumping in, you know, this isn't one you're going to make 20, 30% in a hurry. Is there slow stodgy stocks? You're going a 4% pullback if you're a long-term investor, it's probably a by, yeah, we, I don't know. I can't remember when it was a while ago. I know at least someone died and, you know, she reads like the magazines and stuff, you know, the medical journals and stuff, and she had let's buy some AstraZeneca and I think, okay, so that was probably six, seven.

I mean, that's when, like, Doximity, you know, I don't want to look at like this one. I'm like, I, you know, I, you can look at it. Today's a big down day down to 40 sevens already priced in what happened in Europe, but, uh, Not doing anything. The time to load up on drug stocks was back in the middle of the summer when they were all in the gutter.

And they just all got too cheap. I mean, Pfizer Godself down to under 37, 30 $8. And we had Lily pulling back there back in April 180 and Merck had pulled back into the low seventies. I mean, they're in Bristol. Myers was Bristol-Myers actually has come down. So that's actually an interesting stock in itself.

But I don't know. I, I think, I think you're probably happy if you buy the stock, but it's not going to be the rip wrong one that takes over your portfolio. It's slow and steady wins the race there. Uh, this is off topic, but we screwed up. He, you know, we should have been doing it for the past few weeks. We should have been submitting a bid to buy movie pass because movie passes rule is relaunching, uh, because the founder.

Um, bought it back from Helio, semi at the scene in bankruptcy proceedings for last, for less than a quarter billion dollars we could, could've had movie pass. What were we doing? I don't know. What's the symbol. It's not talk about that stock. It's not a stock. It's not, it's not, we should talk about it. All right.

But I thought that was funny, I guess not. Um, let's do it. We have a few more newsletters before we're gonna bring on our guests here. Um, a bunch of random, like headline, is that a China? You had, you had singles day yesterday. It was a record day in terms of revenue, uh, for Baba, JD Baidu though, all are trending down this morning.

DD came out and said that they expect to relaunch their app in China by next year. I think January is what they said. Um, and, uh, we had some Evie news as well. So a lot of Chinese stocks moving this morning for all different reasons. Just as we said yesterday. Wow. We haven't heard anything out of China lately.

Remember that? And like singles day, I mean, we totally let that go. Baba had a nice pop off. It had a better pop-up it did. It did, uh, whatever, the, the IDD. So they're, they're getting to relaunch their app. That's what they said. Stock isn't responding. At least not much. They say by the end of the year is what they said here.

Yeah. 1950s, a big fan of stocks are hurt, man. That's like, there's so much random news that happens from a political standpoint. It's tough. It's tough. All right. Well, I'm leaving out that we can move on. We can do. Um, and in terms of other movers it's morning, Yes, we can talk Tesla here. Oh, there we go.

We're done. I can't believe I didn't reinitiate my shirt, so, oh, give you both a round of applause. Cause he nailed that one. He thought, ah, there is no way he's done selling it. Can't be, it doesn't make any sense. Yesterday. Elon Musk went back to, uh, the selling booth. I don't know where I was going with that.

And he sold 600, 630 4,000 shares of Tesla yesterday. That's nothing he's going to have a lot more to sell yet. So if he's only sell 600,000 a day, he'll be selling every day for a month. So get used to it. There's gonna be more sales here. Eventually they'll become numb to it though. And it won't matter anymore.

I think yesterday you had the initial pop where there's hope. I didn't understand it. That maybe. Uh, profits, there were one trader in the firm that held it all day, like off top of it and held it all day. And then it actually is just like, it's not done. It's not done. And anyways, um, anyways, like he had initiated a short and after the open or whatever and held it all day and it was, uh, ended up being a big winner for him.

So he came back down. I wish I would have reinitiated my shirt. I was sure to wish I would have held onto it. Um, obviously it's came down significantly from there. I don't know at this point in time, I think everybody's starting to realize, oh, he'd probably going to be selling for a while. So it's down five bucks because he sold more it with it gave back the gains because I think there was mark was anticipating that he was going to sell more.

I don't know where it goes from there. He's going to continue to sell it. But if he's only sound 600,000 a day, maybe it's not just a drop in the bucket. Yeah, he, uh, well, what did you do? You had, um, I mean, this is interesting here. I know I was looking for 10. I want to really see a good to 1115 yesterday, because that would have been, you know, halfway back or the move, but doesn't look like you're going to get there.

It doesn't look like you're going to get a shot now and the 1100 handle, but this is, this is we're going to find out if the selling's done. Cause I'm looking at this little bouncy Jad and people I'd say 10 40. I would keep an eye on that today. 10 40, 10 42, because that's half of this. Uh, that's off a little bit, but you guys know what I'm talking about.

You had the pop couldn't even come back to get half of these, you know, half of these losses and now you just kind of roll it over again. So figure you're 50% on that, uh, that 9 87. Sure. Does it feel like it's going to be the low. Oh, okay. Um, yeah, you guys are right on the money yesterday with yeah. Yeah.

You brought it up. I mean, you showed it on pro I mean it wasn't, you know, it's simple, simple, massive. Yeah. 10 of 10%. What does that equal? Okay. What did he sell? Oh, showed you different numbers. Okay. Uh, anyway, uh, let's see. Um, well I've named topic on, in a few minutes. Invidia is trading lower today. They call it a downgrade, honestly, though, like the best kind of downgrade.

If you had to rank the downgrades, this would be the best kind you have, which was like nothing. They didn't change their mind on the company. They still love the business. They just think the price has come too far, too fast, which is the best kind of gung, right. They're like, Hey, we still love Nvidia. We just think.

Right up too much, too much for an hour. What did they give? Like a three 10 price target, you know, something like that and a hundred, 303. Okay. So that makes you scratch your head, like, okay. Do I want out at 300, just go back to Tesla. 10 32 is my number on the downside muscled level for Tesla today. 10 32.

Uh, the stock has had such a run inside day yesterday. Not even near taken out the low from yesterday. That's what I would, if I was lying this thing and it's took out the low 2 87, 78, maybe some more downside here, but still hanging into 300 handle. Yeah. Anyway, um, what else is on my list here? We had some earnings.

I'm not sure if y'all want to cover them cause we, no one should do it. You want to talk Vivian? Yeah, Joel and I had one yesterday on the show. Uh, I did not see you not giving up now. I, you know what, maybe we can ask Eric Cole cause, uh, or, or maybe Manhattan, but I'm not really sure how often you see this, where a stock undercuts its opening price on the very first day of the IPO and then comes back to the very next day today's training, even higher than that.

The initial I day I that's what I kinda thought it would open and then tank and it did it did, but it's turned around and now looking strong in Italia. Now it's pride a breakout, obviously making new highs in the pre-market as well. You don't want to be sure to stock making new all time highs. I don't think anybody's short here yet, but they're going to be starting to be able to be short here, I think today.

So there's a lot of, you know, obviously for was out there when things, when I've been out there two days, but I would imagine you're going to start to see some people thinking, okay, I'm going to short this thing. The valuation's ridiculous, but we know it's, you know, evaluation doesn't matter when the story is.

And write that down. I've said it a million times on the show, but if you're new to the show, write that down. Valuation does not matter when the story is not. Stock is still being talked about nonstop in the major media stories. Absolutely hot disconnected from fundamentals. You'll know the story goes cold when the stock starts falling.

But right now, this story is hot stocks, hot. It's making new all time highs. What's not to like really a 1 22. Yeah. 1 22 99. I would look at that. Uh, that's the old time closing. I have just two days of trading. What I would look for in this one. If you're trying to pick a top and I'm not trying to pick a top, um, traded 103 million the first day.

Right. So that's pretty good value. And then you taper it off to 83 meals. That's a little bit, a little bit less. If, if it, if the value really starts to come down and then it starts to consolidate, maybe I'll look for a break because you still got fresh, you know, everyone's buy, I gotta buy reveal, you know, it's the next Tesla it's gonna this, that.

So, you know, you still got, still got the buyers out there, pushing it up, but there's a point where people are like, ah, boy, that was a quick 20 points, but I don't see that at this point, pre-market high. If you want to just a level, just a really short term target a 1 29 18, uh, that was a high in the pre-market Becca.

What, what you guys are saying, uh, just to provide some supporting evidence reveal was the 1, 2, 3, the fourth, most searched stock yesterday on Benzinga and the most search stock yesterday on CNBC. So, uh, it is trending, definitely. Um, but let's, let's pivot the conversation here, uh, and let's go over to the banks.

We we've been, we talked about the barons Florida, little time, a little bit here and there having to have haven't had a longer discussion, but let's do that right now with our guests, NATO Beck. He's the author of the bank investors handbook. And he also wants complete bank data.com spring on the show right now, Nate.

Good morning. How are we doing? Are you guys doing, we're doing great. It's a Friday. Um, everything is, everything is good. Apparently. Uh, I mean, just looking at the overall market, you can even just look at the banks specifically in everything seems fine to me. It, it, yeah, it's a, it's kind of business as usual.

Um, you know, I think kind of the big, uh, really the big narrative is, you know, what's inflation going to do for these. Uh, basically when that number came out, you know, a lot of people realized a lot of banks are lending at negative rates. Um, so, you know, you've got. Inflation at say 6% here, 6.8%. And you get out of mortgage for, you know, 3.2.

When did they start raising those up? You know, so that's, that's kind of the thought, I don't know. Um, you know, it seems like the fed doesn't want to move. They want to keep rates artificially low. And, uh, you know, because of that, right now, rates are just stuck. So it's almost like a game of chicken, you know what what's going to happen first, uh, consumers aren't demanding anymore on their money, which is kind of crazy.

Yeah. That's, that's the crazy part. They get back to where it all starts. I mean, there's people sitting with their money in their bank getting, you know, even if you're sitting in these long bonds and you're getting one and a half percent on your money, I'm like, who's doing that. So, I mean, if they can borrow, if the banks can borrow and you're sitting in your savings account, getting a half a percent or 1%, they can borrow at 1% and still, you know, give you a mortgage at three, they're still making.

So the crazy part is that investors are demanding more for their cash. I know. So I mean the one area where you could get more on your cash is if you go into a, to the eye bombs, you've look at these, they're paying 7%. Um, and that's, uh, you know, government backed bond. They had 7% through April 20, 22. Um, problem with that is it's like a limit of like 10 or $15,000 a person.

So you can't actually move substantial money into these things, uh, without, you know, playing all sorts of games, um, you know, incorporating little companies and trusts and stuff. Um, but you know that, so th that's it that, so if you kind of look at, you know, what they're paying on, I bonds, uh, that's probably deposit rates should probably be, you know, three, 5% and a bank should be lending at, you know, like 8%.

Um, but instead it's just been artificially pushed down. Uh, so I mean, you know, the thing that's interesting is what we see is so many banks and we hear this constantly, so many banks, they say we have so much money burning a hole in our pocket. We don't know what to do with it. So while they have these cheap deposits, they have the same problem as every other investor, which is, they don't know what to do with the money and that.

So they're like trying to look for any, you know, any place to, to, you know, lend it and put that out there. And in a lot of cases, uh, they're willing to make uneconomic loans because making 1% set of making 3% is it's making something and there's so much cash on their balance sheets because of their, so as PPP.

All of that was repaid and that cash is sitting there. Um, organic business demand is, um, it, it just is kind of been wrecked from 2020 and never really came back. And, uh, so everyone's just loaded with cash and waiting to do something. Uh, and so I, in some ways, if rates do start to go up and if they go up significantly, uh, banks should do pretty well floating up with them as they start to make new loans at these higher interest rates.

Um, you know, I don't know. I don't know if we'll get that. It might just stay low. I, my gut, my gut is that the fed is going to overshoot. This it's going to stay way too low, way too long, and it's not going to be a good thing. You got a couple picks for us? Yeah, I mean, so, so I think if you look at the big banks, uh, if you look at like bank of America, Goldman Sachs, all those, those guys are they're pretty, fairly valued.

So like one and a half times book value, 15 times earnings. That's like a good, that's a good spot for banks to be. Um, if you start to go down to the regional level, uh, like regions, financial, still decently valued, um, a little bit below that, like a New York community bank FNB, uh, I've mentioned FNB before.

They're like, uh, they're trying to become a regional bank and, uh, they're throughout Pennsylvania, DC, Virginia. And there, I think North Carolina, um, they're trying to, you know, make that next level up, but these guys are like 80% of book value, a few times earnings. Um, they all have all these banks at decent yield.

So when you drop below that regions financial level, you're looking at like a three and a half to four and a half percent dividend yield on. So, not only do you get something cheap, uh, you also get something, you know, That's going to pay you to sit there and wait around the line with Nate. Tobik he's the author of the bank, investors handbook joining us here on PMP.

And I made, I just have to say, you're looking pretty sharp this morning. I liked that new dude. You don't have that. You don't have the dentist due on today. Thanks for looking spiffy. Uh, okay. Two questions here. The first question, uh, now it's not directly related to bank, but indirectly related to bank. I mean these mortgage lenders, I mean, come on, you know, rocket and a United mortgage.

I mean, they had one heck of an environment, uh, to be making money for stocks to go up and they didn't now deal with the potential rate. So I don't, you don't have to just a general comment. It's not even rates it's so, so there's two things on those. Um, I have a chart. Um, it's great. It shows all the non-mortgage lenders from the early two thousands.

Do you want to show us, do you want to know? I don't, I don't, I can't pull it up quickly, but it's like, uh, they peaked at like 64, 60 5% of the mortgage market and buy a 2007, 2008. They were like 1%. So they basically just died off and, uh, we're back at the training spot. And so these rockets that, I mean, they, they took, they took the mortgages from banks.

Banks don't want to make mortgages because they can't compete with rocket. Uh, the problem with rocket is they, the pandemic pulled forward so much demand. So anyone who wanted to move all that house movement, all that pent up demand for moving that was probably pulled forward a couple of years. Uh, we also have everyone who could possibly refi reafied.

Um, and so at that point you say like, well, what what's, what's the level going forward? Well, it's just whatever organic demand is. People moving around. A lot of that movement already happened. Now people are able to work from home. So where they might've moved for a job in the past, if things start to heat up, it's like, oh, I'll just work on the VPN now I don't need to move.

And so it, it, there's a question like where, where is that demand going to come from? They've been floating on that for awhile. Um, I don't know. And so what banks do is typically when that happens, because they go into commercial mortgages because, you know, companies are always taking out lines of credit to, to finance operations, to finance growth.

Um, you know, one thing we've seen is like, you know, a lot of people are going into car lending now. Um, but the big, you know, the big narrative in the space is like this buy now pay later type thing. Um, you know, and so if you just kind of like sit back and think about this, there's like four or 5,000 banks in the U S there's another 5,000 credit unions.

Uh, then there's non-bank lenders, you know, kind of the idea. There is a, there is a lender with a pool of money for almost every single person who is credit worthy in the U S so when someone comes in and says, we have a new way of doing this, they're either stealing market share or they're sucking up the non-credit worthy borrowers that no one wanted to touch in the first place.

And I think that's what some of this, the buy now pay later stuff is it's, you know, we have a new way of scoring credit, which there aren't any new ways, but they're just getting that, the unbanked who haven't, uh, who haven't been covered by this and in a boom, all of this stuff looks great. Uh, and then credit losses start to roll in and, um, you know, someone's holding.

All right, one more for ya. Uh, M and a, I mean, you really haven't seen that much of that. A lot of these banks have had a nice appreciation in their price. They have, you know, more capital to do things really haven't heard much in a and in the M and a, uh, area. Do you think that's gonna stay the same or is there any potential areas or potential targets for, for, you know, for one of the big boys to strike?

So, you know, the biggest ones in most cases are stuck and, uh, there, you know, there there's actually laws about how much deposit market share they could have in a certain area. So they can't keep acquiring, um, which is actually why you see them buying some of these FinTech companies, hoping to get their fingers into more of the market without actually buying into the market.

Um, you know, but I do think so, like PNC just bought, um, they bought a ton of branches to get into like Texas and California. Um, you know, there's the big. You know, there's truest that big tie up. Uh, there's a couple of these, you know, if you talk to any banker, they'll say all the time, oh, we're, you know, we're always being solicited for MNA.

It's just not the right deal. And, um, you know, I know, like there was a huge batch of deals that came through 2008 because the environment just got, it was difficult. And a lot of these bankers said, I'm done. I don't want to deal with this. I'm not getting paid enough to deal with this. I just want to retire and be done.

And right now I don't feel like that there's the same pressure on the industry. Um, once that kicks up though, I think it's going to be a crazy way of again, because people want to get out Nate, one last one for you. I'd be remissed. Oh, you got one more? All right, let me go. Uh, I'd be remiss not to ask you about far.

I would have loved your take on maybe not even stuff. I, but just like the, the FinTech neobanks at large. Uh, you know, it's um, so I always like to joke banking is the second oldest industry, you know, and, uh, it's been around, it's not going away. Um, I'm not sure there's really any new takes on it. So eventually a lot of these digital companies, they either end up selling ads or they become a bank where they're financing their own customers.

And the thing that sets a bank apart, and it sets up in a credit union apart from really anything else is the fact that they have federally insured deposits that are almost free. And if you're levering things up, you need almost free financing and that's it. And so if you don't have, uh, almost free financing, you know, you end up, so we get calls all the time from people to say, I own a mortgage company and I want to buy a.

How do I buy a bank? Because my financing costs are too high. So, you know, the natural evolution of those things is they eventually decide we need to become a bank because these financing costs are killing us. They'll never get to that same, that same level. And, you know, I, I think given a long enough timeline, that's probably true.

A lot of these FinTech companies. Um, the other thing they're doing is they really battle it out in payments. Um, the big giant, you know, the black Swan on the horizon is the fed now payment system where the fed is actually been building and now pay later. That's good. Yeah, there it is. Yep. So that the Fed's actually been building their own instant payment system and it's supposed to be coming out in a year or so.

And you know, the question I always ask when I look at these companies is like, well, what are they offering when the government, you know, when the government builds your product, it's like the app developer. Um, they're selling something on the apple store and then apple integrates that app and the new OS it's like, Ooh, what do we have?

We don't have anything, two quick things here. I got one for my own. And then Paul Paul came up with a good question. Um, and this is the eyeball test for me. I mean, I just see more banks closing. Right. And are they reducing costs selling the real estate? Uh, Paul's question is what does a long-term outlook on bricks and mortar banking?

And I'm an eyeball test. I say it's slowly going away. What's your take? Ah, yeah, a hundred percent. Yeah. There's um, you know, there's a threshold somewhere. I don't know where it is. So, um, a bank does derive value out of the fact that every time you're driving down the street, you see their buildings, every three blocks there, you know, it's like advertising, there's there's mind presence to that.

The operating costs are crazy. A lot of these banks are not making money on these branches. So they're closing. There is a certain threshold though, where once you close enough branches, no one even knows who you are. And so then you're going to have to ramp up marketing, spend to try and combat that. But I mean, I know branch traffic in general is down 75 to 85% over the last few years.

And, um, I mean the bank I bank with their biggest branch is down the street and I'll go in there. Uh, their bankers don't even show up anymore. It's just a bunch of empty offices at empty cube. Two or three tellers. I mean, it's, it's not a good luck. Yeah. If there's two or three tellers, one more for ya. So, um, who who's, uh, who's the bank it's, uh, let's say you really think this Bitcoin so gonna, you know, keep going forever and ever, and banks are solely, I mean, Jay, uh, Jamie diamond thinks is going to zero.

Um, there's other opinions out there. What, what bank is it? The big boys, you know, who are the ones that are, you know, getting in there, doing the ARB, they're doing this. Is there, is there a play or am I just kind of overdoing things? I mean, I'm more on the Jamie diamond side, but I think the ones who have more technical capabilities are going to be the ones who figure out how to make money on it, wallet, wallet exists, you know?

So, um, I think JP Morgan and Citibank could work to custody Bitcoin. Um, it's a feeble. You know, I, I know I talked to, I mean, here's a, it's, uh, it's across the state, but FNC beads, a sort of local bank, um, that they were talking about Bitcoin, it's a, bank's actually cheap. I think it's like 80% of book, 70 or 80% of book, a couple of times earnings, um, smaller bank, a couple of billion dollars, but you know, it's on their radar, but it's not like they're going to be custodying.

The thing, uh, city, you know, city could custody at JP Morgan, all those guys. And, and that's where the fees are. Uh, it's just like a broken. We just glossed over the fact that Nate just kneecapped affirm. I feel like we just totally over that kind of, but, uh, or maybe not Nate, but Nate said the fed is okay, whatever.

Uh, Nick tell him, Nick is the author of the banking bastards handbook. I mean, he runs complete bank data.com and we have a few people in our chat and say, Nate is a very smart guest. So we would definitely bring him back. Nate. Thanks for having me on always a pleasure. He's been coming on the show for a years.

Always a pleasure to talk to Nate. The guy knows his stuff. He does. He does his due diligence right there. You got to ask him what was that one bank he always picked. Uh, bank of the Ozarks, like that one. Where's that one up with all the bags. I never liked that one. Uh, all right. Uh, it's eight 50. We got 10 minutes here before we'll hop off.

Uh, we got to take your time. We'll do some ticker time right now. I want to start off with Laz our laser Luminari technologies for a very specific reason, because the CFO will be on advancing a wive today at like 12:45 PM. Eastern time. We're talking. It's a high flying stock doing some crazy things. Joel, do you have thoughts on that chart?

Well, yeah, I have to get it live at my thoughts here. Um, I'll just say 2050. Keep your eye on Nat. If you're looking for more upside, take out 25 nail nail on head. It's got to get above there before it gets. I already wrote down some tickers from earlier on this show, somebody asked about Robin hood from like a half hour ago.

It's moving. If we can look at who it is it I have not looked at it. Yeah, it was moving last night too. I mean, it's been moving down, but it's bouncing here this morning. Was there a headline or something? Cause it was really ripping last night too. If you look last night, multiple times before we're 35. I don't know if it was just somebody just getting in there.

I mean, it's oversold, but this stock is hanging right out near its all time lows. And I always say when a stock makes a new all time low, you got to go. We haven't made that new all-time low yet though. So you have a book. 33 and a quarter of the all time low. It's got a hold there. You do not want. So if you're trying it here, you clearly know where your stop-out point is.

So it doesn't get a bounce from here. I could do it could bounce off it. That's been holding it, which is good news right down here too long. It makes it nervous. But I don't know. You gotta, you gotta level. Yeah. Yeah. We should have flipped much more. See that more bearish when I took out 40, but it just hung there.

Right? So then you have to take it into the report and then it had the report. So I don't think that you could get super excited about this until this gets over 40 and holds 40. And I still can't get this day out of my mind with this stock. What did the guy, you know, they sold a kazillion shares on this day.

There wasn't a gazillion. And there was a lab, every right to do that. And the third day of that, you know, after it's public, like, okay. Uh, thank you very much. I just can't get that out of my mind. You know, old guys, if somebody asks us about Disney, I'm not sure. I know we talked about it for each of the last three days.

I don't know if there's anything new to add here. I I'd like to be a buyer back of the one 60 level. Now you had the wash out. Maybe it should buy it, ran an initial dip and he'd be happy if you did it. I think he'll back and fill now here. So I do think you want to be a buyer of Disney. I think it's going to get started talking as a play on the metaverse and I think it is a play on the metaverse.

I know we talked about it yesterday. Kramer was talking about all day being a metaverse play like on in the morning and then on his show as well. I mean, even the CEO mentioned metaverse, I mean, this is going to be a sleepy meadow. It's not even a sleepy one maybe anymore, but I think there, you know, the Disney plus knocked her down to give you the buying opportunity.

I do think you should be buying the stip on Disney. I'd like to get it back. Three, three bucks cheaper, one 60. I don't know if you need to chase it or not, because it did just disappoint. Like you were saying, Spencer, maybe we're early on that trade. I think Disney eventually had benefits from the reopening.

I think eventually it benefits from some increased content on Disney plus. And I do think it benefits from the metaphor

Disney plus dentists. Keep your eye on this screen. 9:00 AM Eastern time Disney plus day kicks off exclusive trailers and all the new things coming to the platform that you're not going to out to put your kids are. I want to be long. It, I don't want to chase it up. Five bucks. Yesterday's low very much, but I don't know.

I, I don't wanna miss it either. Okay. I like it down here. Let's do a few more here. Let's look at Scott's miracle grow. S M G I didn't write down who asked about it, but somebody did ask about it.

I'm long Scott's miracle grow in the longterm account. Um, I bought it back when I had all that. I actually bought this a long time ago. I shouldn't even say that consolidation. Um, I've been in it for a while. Not a long time ago. I've been in it for a few months. Okay. So I'm in Scotts. Miracle-Gro I think I got in at 1 48 so I can look at church.

Well, no, it's gotta be, I didn't think I, I don't think I bought it. Yeah. I'm pretty sure I'm in at like 1 48, 1 50. So I didn't buy it that long ago. It's only been down here for a couple of months. I bought it in this consolidation consolidate here for like a month and a half. Then you had the one 40 area, right?

Yeah. Yeah. I've been, I bought in this whole consolidation area and I kind of was a little scared going through the report on it. Cause some stocks are getting killed. Some stocks are going up, but I was like, oh wow, let's see what happens. So it's fairly cheap. I mean, it's come down significantly here.

This is used in so many different. They've got a lot of good products here. I I'm sticking with Scottsburg. Uh, I like this one too. I mean, I cannot believe the range for the entire month of October was seven bucks. Wow.

Yep. They already kick-started it. Um, you see what, you know, you haven't had a precedent. I mean, there's quite a few red candles in here, but you haven't had a precedence of this many red candles in a row, and then you get a little, little bit of a green candle. And now, now you're working on a brig, big green candle.

So I'm not gonna, I'm not going to drill down in any dailies on this one, but it's kind of looks like it made the turn. Right. And it wants to try and get back. So I'm a half of that move. So maybe, you know, longer term, not talking today or tomorrow, whatever, you know, get half back of that. Move 1, 1 94, 1 95, maybe a potential target.

It sure. Looks like it's. The trend is turned at least on the monthly camp cannabis. Yeah. Oh yeah. That's, that's what it is actually. It's oh, that's the sexiness of it. No, it's really fertile. It's really for your lawn, but no one knows that though. Have you seen snowflake recently? S a S w for a while, you should check it out.

Wow. It's coming back. A lot of these growth techie names, a lot of them have come back nicely. It's been running though too far now. So now you're chasing, I think trends your friend has got an Easter. Yeah. Uh, let the, all you got, you're traded three trading, right near an all time high, right. You're trading at 3 77 92, a one number one number only 3 77, 13.

That was your all time high back then. And, uh, your all-time closing high was right up there. So it holds 3 77. Boom, keep going under 3 77, they didn't have earnings or news today and this, and this is 31,000 people there. The people are trading some volume, right? That's good. That's good to say. We'll do a couple here real quick.

And they're both retail. We got asked about Kohl's and Lulu, and I believe I know Kohl's reports next week. I don't know if let's look at one, the weekly reports and then maybe they already to data. That's that's fine down here, but we've got retail earnings next week to start with KSS. And then let me find that when well it's been a move and you're right up, back at the 60, this has just been the level of all levels to go back early 21, we've dropped 60 failed.

We just came up to 60 back in September fail. Now we're back to 60. Again. Third time of charm may be a continuous higher, but you're at major resistance right now on KSS. Joel, K S S Coles. Thank you for alerting me. Yeah, you got a triple top and 60 also back in late August 60 was a really relevant number.

And on a downside, you got to lean on 58. So that's what you're looking at. Just got to get rid of that seller at 60. Now your buck buck 40 a week. Uh, in order to get that level under 58, uh, looking at some potential downside there and yeah, we lose off cycle. So I don't know when they hell when they hold they report, these guys are, they always do crazy, uh, crazy times.

Um, let me see if I get, I know there's way more comments than I could get to. I'm sorry. I'm sorry. Okay. Well, I do a quick preview. Um, I have, uh, I have Sean Udall, uh, coming on and if I know you're busy on five gashes excavation, I just emailed you the link. So if you want to hop in there for a second, we'd love to have you, if not, no big deal.

Well, the next Friday's option expiration almost gave me a heart attack. I seriously like, just like what I was like, okay, I get that. But I was like, I thought this was the third fry. I was like, did I miss a Friday? I literally like was just going to like jump off the chair right away. Cause I'd have a lot of prep to do.

If it was third author Friday. Third Friday of the month is a bread and butter day for any efficiencies. So that's, we're going to talk a reveal, revealing MQ, a R R Y. And then I'm also, we're just going to talk about, um, how stocks move on earnings per share, you know, EPS reports and, uh, and also some companies that are perhaps at an early stage of development.

So join me over on pre-market prep. Plus Spencer, I'll be talking to you later on Dennis. Go get them. Joel, see you later then it's actually, I will see the rest of you guys later as well. I'm going to bring Mitch on now and we're going to maybe try a new setup where we let Mitch, uh, do his own. Stocks to stock tease, watching segment at the end of the show, maybe on Fridays.

Um, so let's get money Mitch on. Now he's going to run through stocks on his watch list. And while he's doing that, Mitch, good morning. I see you there lurking in the background. Um, what's that man, uh, while he's doing that, I will also hop off and prepare for our next show, which is going to be an all access show, which should go live.

And around 9, 10, 9, 15, uh, today. So Mitch, good morning. What is on your radar? Well, first thing is first. I want to definitely give a thanks to, to tour to her. We'll see you later. I hit that like button and uh, yeah. How, how the heck did the dolphins when last night, right, right there too. Coming in. That's what it was all about.

Number one, baby. Let's keep going. All right. I'm going to step off and I'm going to, I'm going to let me run with it and guys hit the like button for Mitch. Let's go. That was what you thought about. All right, going to catch up with the chat here. Also want to stay with you guys. You guys determined a lot of the stocks that I'm going to go over right now.

So always every single day, put those stocks that you guys want me to cover. I'll definitely go ahead and nail those. Uh, let's go ahead. Let me bring up my screen here. I'm going to go full screen here so you guys can see what I'm looking at. First stock up is going to be D K N G. Of course. Uh, we've been looking at draft Kings fulling back yesterday.

We got, uh, the port NOI response. I don't know if you guys saw that. Definitely check it out. If you miss that. Uh, Dave Portnoy, uh, responding there. So today I'm looking bullish DraftKings, uh, you know, we have multiple lows in the same area, uh, right around that 40, 89, 40, 90, uh, 40 fifties is the low that I don't want to see bright today.

I would like to see a little move down maybe to the fifties, but. And getting back above that high, uh, that we have yesterday. So the high is 41 75. Let's see if we get back above DK G levels today. Hen we can take a look here. Um, let me go ahead and put this full screen here so you guys can see a little better.

Uh, so Penn, I'm looking for a reversal through 60 today. Uh, you could get a little dip first down, maybe towards the 57 40, uh, but DK and G looking good. Another one I'll give you in the same industry that I think the chart looks better is specifically this one, uh, G a N a the gambling sector, looking for this one to get up through 1450, get on up there towards the 1550, and maybe up to 16 today.

You can see that trend line, draw the box out for you so you can see that. All right, catching up with the chat. What's going on out there. What about Penn? We just talked, uh, just entered black sky and rocket lab Noel talking about, well, Noel, I got some news for you. Um, so here you go guys. Um, it's totally not what you want to see.

Uh, but rocket lab is pushing back their launch here. Uh, so we're holding off on the launched today out of an abundance of caution. So the next. Launch opportunity would be November 16. So be careful with rocket lab today because it was supposed to have that launch. And now it's not going to, so I think this one might drop today, especially because they're pushing back the launch date.

Um, we were looking for this to give this a run today, our K L B D K S Y. And for that being mentioned, definitely come the specs attack today. It's actually going to be our last specs attack. So you don't want to miss it guys. We're going to do some fun things. We're going to do a battle today, a black sky.

We'll see if it keeps running, but really it was supposed to run off that RKL B because they were bringing two satellites up and now it's not going on. So just be careful, just want to put that. All right now, catching up with the chat what's going on out there. Uh, someone's talking about Q S perfect.

I'll go into the next stock here. This is what I'd like to hear. You guys are staying with the stocks that I've been looking at. So QS is one that I've mentioned for battery plays. This has been a monster winner. Um, and we talked about this all the way back at this gap. Um, now we're looking to see if M V S T Microvax could get strong today.

If we're looking at D Q S getting strong, I want to see micro Vass make a break through $10 today. So that's what I'm going to be looking a nice push up through nine sixties and going up to $10. So someone acts in the chat, what's a $10 stock that could make it. This is the one I would put on the radar.

M V S T last one I have here. Um, we've got sundial. We can talk about, we talked about this one yesterday, right here on live trading. I talked about how this one could potentially make a run towards $1, because why? Because it did have that D listing that has been talked about, and also we got earnings. So earnings came out here for sundial.

Uh, it actually did pretty well net earnings of 11.3 million for the third quarter of 2021, compared to 71.4 million loss in the third quarter of the prior year. Uh, they also announced here that's important, a share repurchase amount. So sundown may only purchase a maximum of 100. 2.8 million shares, which would be approximately 5% of the issued and outstanding shares.

The program will commence on November 19th and expire on that same day. So that's going to be the next day that I would look for sundial to run. I think you might get a pullback here pass, let's say 75 cents and then get another breakout through that $1 as you get closer to that repurchase date, which is I'll repeat again, November 19th.

So we're talking about seven days from now. I'm looking for a pullback. If you are seeing some push today, I know that a lot of people are going to be selling. Why? Because a lot of people were loading the boat in this area, looking for the breakout. And I think they're going to be selling into the move.

So just be careful there or sundial and I'll keep on going. How's the chat doing?

All right. So blink being mentioned, uh, Robert, thank you for the super sticker. Appreciate that. Uh, catching up with the chat, seen some tickers being mentioned. Uh, we'll we'll get towards SPACs attacked a little bit later. Just wanted to give you guys some insight to not miss out on that. So definitely give us a thumbs up.

All right, let's go towards one last one. I'm going to talk about FUBU Vizio. And one that has probably surprised in lately is discovery. Discovery has been making a move on up. So let's see if this can continue. I've been waiting for a while. Monday was really the area that got me a little interested here.

We were up here towards 26. I wanted to look for a pullback to 25 71. We got to pull back towards a low here at 25 98, but didn't get back towards the seventies. I haven't gotten in this one, but I'm looking for pullbacks. A discovery did pop up and this was all based. I think off the AMC X move that was coming down towards the shadow, but we'll see how that one continues to move.

And the last expensive stock I'll bring an expensive one for you. Traders that I like. I love this chart. This chart is beautiful guys. Multiple times to get above you got one high here, two highs. Three highs. Now, what I always talk about, as long as the support holds from this point, we could look for another pushup towards 400, four fifties.

That's what I'd be looking for on Monday. And this is looking good, more expensive stock, but good levels to go off of. We'll see how this one holds today. Three sixties is the area I'd want to see hold and we'll see if Monday can get ribbon. All right. That's probably going to do it for the stocks that are on my radar, but like always guys, you guys can stay with me on story investors.

I gave a lot of stocks early on in the week they've already done well, and it's really not about how those stocks have done, but the process that I take always going after what I call the laggard play, trying to work backwards, Matt micro, macro to micro. So we work from sectors to industry. To the stocks and that's how I've been able to find these plays and not just only find plays that I know, but maybe sometimes find plays that I don't know, like let's say Billy, uh, Billy was one that I called out earlier in the week.

It made a nice run, but this was a stock that I didn't know. And so this is how you find these stocks. A lot of the times it's working backwards versus forward. I always like to have more of a basket laggard approach, and we're going to keep watching to see how these run. All right. I got about two minutes left.

I'm going to go ahead and wrap up here at nine 10. I'll let Spencer, let me know, but you guys can throw some stocks in the chat. If you guys want me to check it out, I'll run through there and grab some of these. I hate Monday. How is Monday? So expecting. Uh, well, one of the things is with Mondays that you guys know a lot of these have been doing well.

A sauna is another one that has been doing really great, but I'll definitely keep an eye on that. Christian. I'm glad you got some good info out of sundial. Um, that's in very important, uh, info to have there and we'll keep going. Uh, so I see affirm mentioned multiple times here. Let's go ahead and take a look at affirm and see what we're seeing out there.

All right. So I'll pull the chart back up here. Let's take a look here. If our M what are we seeing on this? It pulled back to the 50 moving average here. Um, and we're going to look to see if it gets back on up here, but I can tell you that you had one attempt to push on up through this level two attempts to push on through this level three attempts to push on through that level.

And then you now pull back all the way towards the support. So it's okay if it holds that 1 31 60. Um, but if it's getting in between this real volatile area, so to me, this is a little bit too much volatility between one thirties and one seventies to go after this today, but it could easily come down towards that 1 30, 1 60, just as much as it can come up towards that one 70.

Um, so I would watch this on both ways, but personally, I think this is too volatile of a name for me. And I would stay away because I would have too much risk in this name. Yes, it could have the reward, but for me, there's other plays out there than a firm, a cheaper one, K PLT also mentioned, uh, this is like the cheap version of a firm.

You can maybe watch this one today. I like this chart better, less risk. And you also still got a good potential for reward. You could look for a move up into this area, risk down towards the low of that big candle that you see down here. Um, so we'll see if this one can get ribbon that's K PLT, a cheaper one that is maybe trying to fill this gap on up here.

So let's see if it tries to fill that gap. That gap would come into this area here and we'll see if it can get on roaring that's. K P L T. All right. Catching up with the chat. Is there any other tickers being mentioned there? I see CrowdStrike Peloton. Uh, I could take a look at it. CrowdStrike. Let me take a look.

I haven't seen that chart in a while. I'll try holding, uh, definitely one of the best if you guys, I like this stock before the pandemic back when it was trading at $50, this stock is almost a $300 stock. That's why you definitely got to stick with the trends. Uh, we, we had that feeling that security would do great.

Crowd broke out of this play. Now's been going into more of this play. Let's take a look here at the weekly. What are we getting? We got one topping action. Two topping action. Three topping actions. And now I came back, tried again, but couldn't get above that to 90. That two 90 is going to be so important.

We can't break through that to 90. Then I think we're coming back down towards the two 40. Let's see what happens today. See if we can get through that to 90 again, daily chart has a nice little support by two eighties. You don't want to see that break. You want to see us get above that to 90 and start pushing.

All right. Honcho. If you didn't put Facebook 30 times, I probably would've touched it, but you did put it 30 times. So I'm going to avoid your call-out today. I'll go for GG P I instead, you don't need a spam. I'll find it. Uh, look at DDPI. This is a spec that could continue to make a run towards 1150s.

We'll see if this one can continue to run. I got to. Finn's up. That's what it's all about. Uh, luminaire being mentioned also. So let's take a look here. Uh, LA LA Z R is actually a stock that I'm still in. Guys. I'm looking for this to hold above 20 today. We don't want to see a crackdown. If we do see a crack down towards 1870s, that needs a hold and I could take another add.

Um, we will have the Amman later on Benzinga TV. So I don't want to say too much on this name. I've been in it for a little while since Monday. Uh, we'll see if this one could keep running LA Z R

Marco. Welcome to the. All right guys, uh, going live in one minute from all access. Spencer's about to get you guys on over LIDAR sympathy. Yes, you can look at LIDAR AI. Uh, you can also look at ALS, um, but really what you want to see is a good deal. Come from one of these. Uh, so keep your eyes on, uh, on all those LIDAR plays.

You also got eight E V a, just to mention some other ones there. Debbie much love out there. I hope you guys have a great trading day. Bill mentioning a name that I'm actually in right now, which is SPI. That's going to be the last one I'm gonna mention. I did get into this one. Yes. On live trading at five 15.

Why did I get in on this name? Because of our community in live trading. So live trading actually caught the news as they hit the tape. They let me know, and I was able to make a reaction off of that, getting into SPI. And now we'll see if we can continue to run. Like I said, I give you my entry, which most people don't, that's why we're fully transparent here on Benzinga.

So definitely smashed the, like, we'll continue getting these trading ideas for you guys and giving you an ability. It looks like, uh, Hendrix wants to join the stream, but I'll push them to the side here and I'll get started on my trading up next. You guys got all access with Spencer Israel, stick around.

There's some great companies that you might learn from. So up next, we've got all access and we'll see you there. So next time, smash that like, and hit the subscribe bell below. So you get notified when pre-market prep goes live.

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