Welcome back to the Matt Core show! We're here to talk about all the breaking news that you might have missed as you were probably busy being some form of a net benefit to society as I was sitting here scrolling and scrolling on Twitter consuming the news while simultaneously making my mom wonder what in the world am I doing with my life and why did I even get that degree I Get it mom, If you're watching this. seriously, you don't have to keep texting me that I'm some sort of failure I Get it. I'm doing the best I can. Anyway, we have some massive things to get to, such as the incredible amount of volatility that we're currently seeing in the stock market that's making my P L look like a roller coaster I Have some key updates for you regarding some very influential earnings announcements and also a very important update related to FRC First Republic Bank and how things are not so.

Bueno However, one company's fault there's apparently an entire sector's massive gain I Don't know if you've looked at crypto lately, but it is ripping to the High Heavens I Want to talk a little bit about Bitcoin and a new, pretty hefty price? Target And finally, we'll be talking about how one of the meme socks Bed Bath and Beyond ticker symbol bbby is officially done so as of next week. So with all that being said, buckle up, smash the like button, don't forget to subscribe and let's ride Now to get your mindset right! I Want you to listen to this quick video that is espousing some tachy philosophy and is honestly just good advice. You are coping. You are poor, but Kevin rich people have depression too.

You could have depressed. No, they don't I only hang out with rich people. We're all very happy I Wake up I eat caviar I walk around over Saatchi robes and I go in the sun and do whatever I want. Don't listen to the people that are coping and tell you that money doesn't matter I'm trying to motivate you.

They're trying to get you down to their level. Don't listen to them if I want to go to Peru tomorrow and live in the mountains and have a Peruvian wife and grow soybeans I can do that if I want to go to Miami and pop bottles the club I can do that I have the freedom to do whatever I want Poor people don't Well there you have it. no coping, no depression, and simply don't be poor I Don't know how many times I've had to tell people this, but it's honestly as simple as one, two three. Just follow the strategy.

You know who followed that strategy Chipotle alphabet and Microsoft all three of which destroyed their earnings like in a positive way. Before we get into those though, I do want you to know that I Hope you're watching this in time because tomorrow morning Boeing is reporting. After that we have Meta and Roku and later on this week we have American Airlines Amazon Intel Exxon Mobil Chevron just to name a few. Alrighty, now it's time to get into things that you might have missed and I'll make sure to go through all this quickly.

First up, we have Chipotle the company that took way too much money from me when I was in college because I was essentially addicted to burritos. Well, it sounds like a lot of people are because it was able to beat on both its top and bottom line. Next up, we have Alphabet AKA Google which essentially followed suit by beating on its top and bottom lines, but it actually ended up one up in Chipotle Alphabet announced the authorization of a 70 billion dollar buyback. This is commonly considered to be a pretty bullish action, because if a company is buying its own stock, you know the thing that knows its own metrics, analytics, and forward trajectory.

It's pretty much signaling that the public market is undervaluing its stock. So that's why it's thought to be bullish. And while we're here talking about bullish earnings announcements, we might as will go three for three Microsoft reports Earnings Beat says AI will drive Revenue growth. Speaking of: Microsoft I Want to let you know that early this morning, we found out the UK government blocked their acquisition of the gaming company Activision Blizzard and their reasoning was essentially that it's a little bit too close to being a monopoly.

The company's public response to this was absolutely hilarious. We remain fully committed to this acquisition and will appeal. The Cma's decision rejects a pragmatic path to address competition concerns and discourages Technology Innovation and investment in the UK. We've already signed contracts to make Activision Blizzards popular games available on 150 million more devices, and we remain committed to reinforcing these agreements through regulatory remedies.

We're especially disappointed that after lengthy deliberations, this decision appears to reflect a flawed understanding of this market and the way the relevant Cloud technology actually works appears to reflect a flawed understanding. Now I Don't know about you, but that is one of the most exciting corporate hilarious ways for a company to tell an entire government that they're stupid and don't understand what they don't understand. Here's a pro tip for you the next time you're talking to a colleague instead of saying per my last email which we all know what that means, try saying: you seem to have a flawed understanding of whatever is going on I Would absolutely love to hear about your results. In a comment below.

you know who really has a flawed understanding of what's going on apparently the people running First Republic Bank Check out this headline: Bankers Pitch to Save First Republic Help us now or pay more later when it fails. What a cool way to say we're in a bad situation and we don't really care because you need to fix it now or you're going to fix it later and it's gonna cost even more. What a Savage headline. Beyond the perfectly articulated headline, you're probably legitimately wondering: why does FRC look like it just ate some sushi from a gas station? Why is First Republic vomiting? And the answer to that is when it rains, it pours.

We're now finding out that first: Republic plunges on report of buyers for new shares. First Republic Bank is said to weigh 100 billion asset sales. Basically, it seems like they're in a burning building and everyone's rushing for the door. It's getting to the point where both the treasury and the government is getting involved and I'm not saying this is absolutely D-Day but things are not looking good.

In fact, it's getting to the point where it might even have an impact on the next Fomc meeting, which we get the results at 2PM on Wednesday May 3rd. so make sure you mark your calendars. Fortunately, not everyone's crying about the news I Don't know the last time you checked in on Crypto, but it is exploding to the High Heavens Bitcoin and Ethereum are ripping the face off. The Bears Bitcoin jumps eight percent as First Republic woes reignite concern over the health of U.S Banking Bitcoin Hurdles toward thirty thousand, wiping out millions in short positions, the recent bullish movement hit Shore Traders with 62 million in short liquidations, finance, and Okx experience most of the volume with over 17 million on each.

Now, it's extraordinarily difficult to predict if there'll be some sort of crypto speed is, but it does bring up the fair question of where is Bitcoin going in the short to medium term. Obviously, your guess is as good as mine, so we might as well look at what the fancy schmancy analysts are saying about it. And as of now, Standard Chartered Bank has a new price target of 100K The Climb to 100 000 could be driven by a number of factors including the recent banking sector crisis that help to re-establish Bitcoin Juice as a decentralized, scarce digital asset. Against this backdrop, Bitcoin has benefited from its status as a branded Safe Haven a perceived relative store of value and means of remittance.

Obviously, only time will tell the accuracy of this prediction, but definitely fingers crossed. Very important side note: before you guys blow me up in the comments: I Do want to say that the Bitcoin explosion to the upside, at least in the short term, did not hold. It was looking great at Market open. It was looking great throughout most of the day, but by the time the bell went dignity ding ding ding in the equity session, things had a little bit of capitulation and we pretty much ended where we started.

But it still did do damage to the Bears at the start and it ended up doing damage to the Bulls by the end. So just important side note there before you guys rip me apart in the comments, let's switch things up and talk about a meme stock favorite: Bed Bath and Beyond ticker symbol Bbby which is no longer going to be anymore. It's done though. it's gonna get delisted And here's exactly what that means: Bed Bath and Beyond will soon be delisted from the NASDAQ stock market as it navigates a bankruptcy filing.

Trading in the company's common stock will be suspended at the opening of business on May 3rd. So obviously if you have it, mark your calendar for those of you who own stock. or maybe you're involved in options, or maybe you're just curious of what this actually means. Here's some information from Finra itself: When a company files for bankruptcy protection, chances are shares will lose most if not all of their value and the company will be delisted from its exchange.

That's bad news for shareholders. Shareholders will still continue to own the stock once it's delisted. However, trading those stocks will be harder. Some bankrupt Company's stock continued to trade in the over-the-counter markets also known as OTC.

They typically have the letter q at the end of their stock symbol. To note, the bankruptcy owning shares of a bankrupt company can be Risky Business and investors should not operate under the assumption that the old stock will regain value if the company emerges from bankruptcy. The opposite is often true with most reorganization plans canceling existing shares at the end of the process. So it's one of those things.

Where do you have a shot? Yes, but it's essentially a snowball's chance in hell. most of the money here is going to end up with the landlords and Senior secured lenders I Don't think there's enough money to trickle down to anyone else, especially not shareholders who are often at the bottom of the food chain. It's pretty unlikely any Equity will be repaid. The Tldr is that Bed Bath and Beyond is Dunzo.

It's more likely than not that it's essentially going to be Thanos snapped out of existence. And last but not least, here's everything you need to know in the very short term: it was another brutal day in the market: Dao as P 500 closed lower Wednesday as First Republic woes Eclipse Big Tech Earnings Think about that. The fact that a bank on a relative basis a much smaller in size in terms of market cap was able to eclipse the pretty solid awesome earnings in the world of big. Tech That's pretty phenomenal and not in a good way.

I Suppose by the time the bell went dingety ding ding ding, the S P 500 closed the day down 0.4 percent broke a very important support at 405 406. Got a gap fill at 4435, which is now teeing up the next area of support at 401.60 If things do revert in the short term, I will be looking for resistance to now form around 406. with respect to macroeconomic events tomorrow. Thursday April 27th at 8 30 A.m ET we will get the next GDP report and for pretty obvious reasons, this could clearly have a volatile impact on the market.

From a quantitative perspective, tomorrow does actually favor the Bulls If you look at this particular day. over the past 25 years, the Bulls have won 60 of the time with a profit factor of 1.44 Which basically means for every dollar spent, a dollar, 44 has been returned. As in, it's profitable to be able on this individual day, at least historically speaking. Obviously, this is no guarantee that tomorrow will be green.

It's going to be more so dependent on how Meta does in their earnings announcement. Same with Roku American and Caterpillar obviously be paying attention those. but I Just want to let you know a little bit more about the seasonal bias for tomorrow, especially if you're a degenerate short-term day trader. I Appreciate you spending even a second of your day with me if you made it to this point in the video.

You're an absolute Legend in my book. Thank you I Hope you enjoy it I'll catch you in the next video.