Foreign. Thank you brother. Hello hello hello hello hello hello hey, how you doing? How's it going pal? What's going on Partner uh oh we'll turn on the moon. Even though the moon's down, the moon's on so that still counts folks.

Welcome back to the Mad core show. Uh, you're Matt I'm Coors and together we are the show it is Tuesday July 25th and the Market's green which to all the dismay of the Bears is crazy because this is a Non-Stop runaway train up, up and away we go. The market is rippity, skippity doo da. What was the saying that I came up with this morning? The one uh Rick let's rip rock and roll.

Yeah the Market's rip rocking and rolling right now which is beyond insane. but hey, it's fun especially if you calls the way I do Matt fixes my hair sorry it's just been been a crazy day of just oh no. now the Mark is starting to come down to I Want to take my gains? Do I want to take my gains here? I'll quickly show you when I'm dealing with right there I Try to set this up so you could see it a little bit differently. Okay, you can kind of see it on the bottom I try to figure out how you guys can see it.

one of my uh a 10K right now oh under 10k as the market so I have some SPX calls I I did put this all into locals. um and I'm just worried if this breakdown is my time to get out. Uh it very well might be my time to get out. I Heard the dingety ding ding ding go off of my ear.

Um, obviously I have a lot to go over. We have to talk about earnings. We have to talk about macroeconomic events. We have to talk about some technical developments.

But in the meantime, the first thing I need to consider is how to manage this position. Oh, do I just take this money and go? Or do I think that there's going to be the old turnaround? Do I think that there's going to be the old turnaround? I guess I could give it a second to breathe I Just have not had the best luck trading in Power Hour Recently, it feels like the trend of the day even though statistically we're told does continue. Um I Haven't seen much of a continuation recently in Power hours. so a bit anecdotal going into the face of the people who study these markets, but maybe you'll get a bit lucky.

This is my one position of the day on Locals Macross.locals.com pinned to the top of chat in the description of the video you can see right when I got into the trade. but I could also tell you I got right into that trade around like 11 11, 30 this morning. Basically I saw this downward trending uh trend line This downward sloping trend line right here around 11 30. I saw the bounces off the EMA It's like time to get long.

Got lucky with the breakout from the high from yesterday. Came back retest: you could have reloaded at 1206. you could have reloaded at 12 36. You could have reloaded at 12 48.

You could have reloaded at 109. You could have reloaded at 209. And now we're at the point where we're thinking to ourselves, well when do we actually take profits on this play Which is I'm why I'm nervously talking with all of you right now trying to figure out what am I doing What in the world am I doing Because as you can see from my P L on the bottom of the screen, uh, it changes rapidly. Every 20 or 30 cents is a couple thousand dollars to me.

Oh come on, come on, come on, come on, come on, where are we going? Where are we? Oh hard rejection right there. Oh a little nervous. a little nervous to say the least. Come on, you could do it.

You can do it well. I'm gonna assign one of you in here to watch my position and if things get a little bit too funky, if they get a little bit too negative, if they get a little bit too sad, let me know because obviously I'm a professional I'm a professional Entertainer There are things I have to get to. We can't just sit here willy-nilly and watch my numbers go up and down. ideally up.

So um, someone take it upon yourself. Uh oh, do I just set an alert? Is this is this my ripcord alert or is it gonna re? Um, I'm seeing some consolidation, some support, some support and it's about 50 50. we're just below 456. Is are people going to view this as a buying opportunity or are they going to move to being risk off? Because remember, right after the market closes today, we have two to three important earnings reports and they go by the name of Microsoft Google and Snapchat Snapchat's actually kind of pushing into clothes right now.

So three pretty important Tech reports right after the market closes: Microsoft Google Snapchat and I'm just curious if people are going risk on and they're feeling good about it because the Bulls are clearly winning the day. Or are they just going to take their profits and be like yo peace out, yo peace out dude. Um so I don't know someone in here Step Up And let me know if my numbers are getting too low because I I obviously have important things to cover with all of you Dao Rises Heads for 12th straight day of gains as Traders way earnings await the FED decision La Ti Da I Hope you're watching this in time. I Very much hope you're watching this in time because the remainder of the trading week is gonna get Gnarly It's gonna get squirrel crazy and it really kind of all starts with the FED On Wednesday July 26th we are going to be getting the Fomc decision.

Yes, most likely we're going up 25 bips with about a 99 chance of that happening bringing us from five to percent to 5.25 So you might be thinking to yourself, well if we already know that, why is the market going to be crazy, it's all going to come down to what Daddy Pal, the Chairman of the Fed, the Chief of the Central Bank depends on what he decides to say at his 2 30 PM ET press conference once again on Wednesday July 26th Who wants to keep hiking rates and who doesn't Breaking down the Fed's views I Don't know what birds fighting has to do with the FED, but it does have to do with the Fed You have Hawks and doves apparently fighting all day every day, the Federal Reserve is reaching a pivotal moment in the fight. Excuse me? The Federal Reserve is reaching a pivotal moment in the fight against inflation. After more than a year of solid agreement that higher interest rates were needed, differences among policy makers have started to deepen as they weigh when to stop hiking and how long to keep rates elevated. The participants of the Fomc are clustered into three main groups: The Hawks are ready to tighten policy and are on the sharp lookout for inflation.

The doves are inclined toward easy policy that favor job creation, and finally, the centrists are seeking a happy middle ground kind of like a Goldilocks situation. The increasing split between them is clouding the outlooks for rates and threatens the unity of Fed Chair Jerome Powell has maintained during the tenure, which in turn could undermine the Central Bank's credibility on inflation. and Communications with investors and the public. If I'm throwing out my guess right now, this is how it's going to go down.

We're going to get 25 bips tomorrow. that's going to be the announcement on Wednesday and then they're going to give us some line of hey, we don't know what we're doing for the next ones, we're going to interpret the data as it comes if inflation remains sticky. AKA Stubborn Lehigh We're going to get another 25 bips. But if we continue in the downward Trend that we're currently in right now I mean we've come from nine percent all the way down to three.

and granted, we're not at our Target of two, but we are trending down, they might just kind of pause that type of a thing. So I think they're going to use the verbiage around pause or skip that type of thing rather than oh, we're going to keep going or no, we're definitively done. I Don't think they're going to really tie themselves to anything, But for those of you who are curious, Waller is one of the biggest Hawks He Basically, that means he wants to keep raising interest rates to fight inflation Jerome Powell's in the middle John Williams in the middle and then we do have some doves. uh, like Austin goalsby who's basically saying no we should have already been cutting.

So obviously a difference of opinion I think is healthy to have because we all view the economy in the market differently. but the fact that we're getting closer to a goal almost picture a a giant ship and momentum and the ship is driving in the water. Well the argument's like, well, when do you stop to kind of Coast into where you want obviously for the main voyage well that's easy. Like you just know you're going across the ocean.

The question is, when you're coming to the Terminus when you're coming to the end, what's the best way to kind of pull off what you need to. You don't want to undershoot it because you got to get to land, but you want to overshoot it or you're going to be crashing into land. So that's this whole concept of a soft Landing of will we be able to like smoothly Coast right into where we want without really overdoing it. But obviously if we under do it then we're not going to take care of inflation.

This is important. It's what to pay attention to. and I do want to remind everyone that I can make a whole video on this later. but I do want to remind everyone that the market historically from the 50s or 60s all the way up until now.

whenever the FED starts cutting rates, that's actually pretty bad for the stock market. The correlation between the FED cutting rates like from the first cut all the way to when they're done with that I mean generally we've seen on average a 30 or 40 percent sell-off and obviously granted that's over a considerable time. It's not like it happens overnight, but I just want everyone to know that when you hear a rate cut like if we start doing that, your mind should not be thinking bullish by any means. At least if history has this, like to tell us anything.

So as of now for tomorrow Wednesday July 26th there's a 99 chance that we're getting a 25 bips rate hike and as of now for the next Fomc meeting on September 20th, there's an 81 chance that the Fed rate remains unchanged, so just want to never know that. and as of now, a 20 chance that it is actually a whole another 25 bips right hike. If we go out to November you can see the odds starting to change a bit more and then if we get to December I don't think any of these are currently pricing and they are as of now end of the year December 13th there is a six percent chance that maybe we're going to be back to five percentage points when it comes to the FED fund rate. So I want to share that with all of you? But I also want to share that this is just turning up the degeneracy.

The hottest trade in equity options is spreading to Commodities So the world of being a Degen has been working out pretty nicely. It's been popularized in the world of retail, and apparently it's picking up steam and popularity Everywhere else, Commodity investors are following a hot Trend in equity training, using short-term options to bet on events from jobs and crop reports to OPEC meetings. Trading in commodity contracts that expire weekly jumped an average of 30 annually over the past three years. Volumes were led by a 50 average increase a year in energy in the 2020 to 2023 period, followed by metals and agriculture.

So basically everyone's going YOLO on. Black Gold I'm talking about oil I'm talking about crude. The shorter term Commodities Trading follows the rise in equities of zero day to expiry options that now account for more than 40 percent of total volume of contracts tied to the S P 500 Index More than 40 percent, folks. I Think we have a problem.

Well, there's no interest at this point in zero-day commodity options. The weekly contracts that allow traders to hedge specific event risks have started to gather Steam and right here you can see AG you could see gold, silver. The amount of options like it's just pop and popular. It is getting massive here.

Trading in weekly metal options set five monthly records already in 2023 and Energy set records during for months. Weekly options trading in all markets now account for 26 of volumes transacted so far in 2023, up from 18 in 2020. The share of Commodities is still small at just five percent of the total 2023, but up from three percent. So the way to interpret this is across the board.

People are getting more degenerate and I have to admit I'm here for it. Obviously it's incredibly stressful. it's incredibly tough to pull off to continually grow at a nice, healthy, reasonable rate. And I don't mean just in your P l I also just mean your mental sanity.

but it is still 100 hilarious to watch play out. So I guess here's cheers to all the degenerates and let's see how things play out. not only with the upcoming earnings, but we also have the Fomc decision. We have the inflation.

With the Pce report, there's a lot going down and I don't see these crazy YOLO options trading slowing down anytime soon. Well, my account was looking good for a second there on this pop, but now I'm once again back to being sad. We'll use that who who assigned themselves to be my account Watcher on this. where are we at? We're at Eleven Five, We're at 11.

2.. Do I just take this money and finish out this. Oh, this is not feeling the best right now. Not feeling the best I Must admit now we're down below 11.

Do I take the 10. you know what? Closed position. Well, that alert doesn't sound the best. I'm trying to get out at it's trading at 9 35 I'm trying to get out at 9 50.

it's trading at 9 40. I'm in at 7 40 So Currently up about 28 945 940 I was five cents away from my Phil 935. It's going the exact opposite way. That doesn't seem good.

9 45 there. Boom done. Order disappeared, locked in just under I don't know I'd have to do the math I had 50 of those I was I got a fill at 9.50 I was in at 7 40 so I gained 210 dollars per contract, 210 dollars per contract. um multiplied by 50 to 10 times 50.

uh, 10.5 K minus commissions. So about I don't know roughly 10K on that trade. Hey winner winner chicken dinner. Um and now yeah, it's starting to look just like these lower highs.

It's like it could bounce off of here. It could be a fake output based on the fact that I'm fighting um, like the time in Theta Decay and only have 15 minutes left and we still have a lot of a show to go through. I think it's just best I can take my money as of now, my positions are flat. Um oh yeah, now we're starting to go Uh I could always return tomorrow I Could always always return tomorrow.

What You need to know part of the reason why the market went out today: Uh, not only because of like I guess people like that consumer confidence was up which still I find a little bit jarring but UPS Teamsters Reach tentative labor deal avoiding strike. This could have had large complications on the overall economy if UPS went on to the strike. So the fact that this got agreement contains 30 billion of new money CEO says workers to get industry leading pay. Uh, so the fact that they're not going to the strike? pretty good for the overall.

Market UPS Teamsters Reach Labor Deal to avoid strike ups and the teamsters said they reached a tentative deal on a new contract. The labor deal is still subject to ratification vote by more than 300 000 workers. The preliminary agreement includes wage increases for both full and part-time workers. So part of the reason why the Market's looking pretty good today: Warren Buffett Lifts fossil fuel bets.

Energy is the cheapest sector in the S P 500 yet generates most catch. Berkshire adds its stake to Occidental LNG and its Japanese trades. so we know that Warren he's now more than 20 of Oxy ownership and he's continuing to increase. So if you want to read specifically what he's doing, but Oxy I'm an Oxy Japan's trading jobs all have unique assets so he's loading up there.

So the main Warren Buffett trades that we've been seeing over the past year. At this point, he's adding more and more and more and he's doing it at a time that I think oil is like pretty stoked about what's going on I mean uh, let's bring up oil on The Daily Oil currently trading at 79.63 You kind of had this breakout trade back here in the low 70s pushing 80. I mean I think the next I think this is going to cruise to the low 80s like it's nothing. So if you're looking at sectors to play this, maybe you don't want to play crew directly, you could look at XLE I mean XLE trying to rip up to 87, break out at 87 and some change.

um I like Oxy myself I'm in it I'm in it with my boy Warren My average is 68 from last summer, so finally making some of that money back you could look at Exxon you could look at Chevron Lots of Classic oil plays so I'm definitely holding my positions on that. I'm not saying it's right I'm not saying it's wrong, but I am saying I Currently really, really like the trend. So hey, if you have some time and you want to see what our boy Warren's doing, the Oracle of Omaha definitely check that out. Now let's talk about what's going to go down in a mere 12 minutes when the market closes.

Everyone's going to be sitting on the edge of their seats waiting for Microsoft Google and Snapchat and Visa three Tech plays One Financial play kind of related to consumer confidence consumer sentiment. This is going to be setting the tone for the other Tech plays such as Meta such as Intel Such as next week when we have Apple the this is just we're getting some of the largest tech plays so Microsoft Google Snapchat all after the market closes today. So basically in the NASDAQ which I have no position at this moment in time, we're either seeing a nice Gap up or we're seeing a pretty painful gap down. And because I already got my ass handed to me on a silver platter with Tesla and Netflix I'm not playing it I'm not playing it I'm not playing it.

There's enough big nice Trends After the announcement that I don't need to take the risk of It Whatever the Gap up gap down is is I think the trend continues so I can just wait for tomorrow morning I Learn my lesson I'm on the defensive with my account just because I've lost so much freaking money lately. Granted, I'm not in the red I've just been losing my gains, but it's just I need to be a bit more defensive I My recent couple trades haven't been good enough to allow me this leeway. so I just need to be a bit more disciplined Microsoft Set to report earnings after the close, and let's expect the fourth quarter of Microsoft to round out the company's slowest fiscal year for Revenue growth since 2017. the EPS expectation is 255 and the revenue is 55.47 billion.

That's what you're looking at, obviously coming out right after that. Bell goes dingy ding ding ding when it comes to alphabet AKA Google You're looking at earnings of a dollar 34 of Revenue of almost 73 billion Google Cloud 7.87 Billion YouTube apps a 7.43 billion and traffic Acquisitions looking at 12.37 those are the lines in the sand That Wall Street will be paying attention to and then obviously, even though it's later this week, Meta comes out after the market closes on. Thursday I Do want to know about threads? Obviously, that's going to be a big question. Meta Threads just got an update that users have been begging for Meta's new text-based social media app.

Threads launched a following Tab and other new features Tuesday Blows my mind at this wasn't already there. Blows my mind that they released the app initially without having following and I think that's why a lot of people stop using threads because they're like, why am I Just seeing all these random people that I don't care about blows my mind. They didn't have it. so anyway, it did come out, it did get updated.

so I would expect another pop in the popularity of threads. Will it be a big pop? I Have no idea. Absolutely no idea whatsoever. but I'm sure they're going to be talking about this quite a bit after the market closes on Thursday which is Win meta reports on top of all those earnings I Need you to know that? Okay, PMI came in short.

consumer confidence came in long and then if we're looking for tomorrow, we're going to get crude oil inventories at 10 30. definitely going to be having somewhat of an impact like or relation. I should say to the world of inflation. but then at 2 Pm, we get the Fomc decision at 2 30.

Jerome Powell The Chairman of the FED will be speaking so tomorrow is going to be a crazy, crazy, crazy kind of a day. Now with respect to tomorrow I Want you to know that it's neutral. The Bulls have won this day historically only 52 percent of the time in the profit factors just over one. So the bias is neutral so we don't have to worry about just like running into headwinds or being supported by Tailwinds Whether you're a bull or a bear.

Seasonality for tomorrow is neutral. Uh, let me give you a pitch of why you need to join here that 10K that you saw me lock in. Um, if I reload this, it'll tell you when I actually posted this because uh, four hours ago I posted around 11 30 because that's when I got into the position new position SPX calls for July 26 4595 I'd let everyone know what I was doing. So the fact that this is only ten dollars a month and I made 10K means that you could pay for this for your lifetime, your kids Lifetime and your grandkids lifetime essentially because it's a hundred dollars for the entire year.

and also right before this I let you know I was getting out of Meta that was for break even and I basically threw in the towel on the Ndx. the NASDAQ put play because we we started to break above the previous days hi and you know for me that is a Telltale sign of things being pretty freaking bullish. So I just wanted everyone to know what's going on there I have as of now absolutely no position. you could kind of see it on this little Weeble thing.

uh so I went flat I took my SPX I even called it out looking to day trade this reversal I let you know what I was doing blah blah blah Matt Cores.locals.com pinned to the top of chat in the description of the video. where's the total account now? way way lower than 200k. Still above my initial investment. but dude it Brutal Brutal.

We're on the comeback tour. We were 100 on the comeback tour. so anyway, sign up Macquares.locals.com Oh Microsoft Popping into close a little bit of a dip there. hey, whatever.

I'm I can't cry about it because if it was a big red bar right now, I'd be absolutely irate. So one thing I want to point out to everyone and let me just hide a couple of these things because it is a little bit I Want to let you know what happened with my trades today. Like why did I decide to do what I wanted to do so before today started. Let's let's just hide today's bar recently on Wednesday we made a fresh High um higher high higher low Starting off Wednesday we were bullish.

Then came Thursday starting out Thursday There was good reason to be bullish because all we knew before that starting right here. Coming into Wednesday we were bullish. higher highs higher lows after Wednesday great we made a new higher High new higher low coming into Thursday we were bullish. By the end of Thursday we had a lower high lower low.

so this day Thursday July 20th for short-term Traders might let you know time to be maybe a little bit concerned, a little bit more bearish. then what happens on Friday on Friday we come in feeling a little bit bearish. We'll look at the day and we realize oh it was an inside day. The high was lower than the high and the low was higher than the previous low.

it's in inside day, the high and the low. The entire bar was within Thursday's bar. so it's it's a non-directional day. Then we come.

So with the fact that it's non-directional kind of lets us know that Okay, we're still going to be bearish because if you're neutral, you just use the previous Trend Now we come into Monday Monday is a weird day because even though we pushed the high of Friday, we're still technically within the range of Thursday. So that's why it gets a little bit confusing. So you could say that it's neutral. What is going on right now? Oh, it's starting to get smacked.

Well very happy I got out anyway. sorry for all those alerts popping up and you guys didn't hear them but my headphones were going wild. Oh the old 355 Bots Like them like them. So anyway, Monday is confusing.

Yesterday was confusing even though we pushed the high of Friday Friday was an inside day and we didn't actually successfully push the high of Thursday. So I would argue that you could be like neutral because like, you're still leaning a little bit bullish because of the recent price action. but you know you're still in a bearish bar. So like this is an odd day.

But fortunately for us, all all things were really cleared up today. as soon as we pushed this high from Thursday it's as soon as we pushed it, you should have known to be like okay Bulls might be back in control so let me switch it over to the 15-minute chart. I hopefully I have this so This dash line right here at four, Five Five ten that was the high from Thursday So anyway, coming into today, coming into today, coming in right here, focus on the dash line please. 455 10.

right here You could have been like all right, it's a little bit bullish. we kind of get above it. then it gets smacked lower highs so you don't want to chase I have been preaching this from Mount Olympus itself: Do not be chasing breakouts if you chase this breakout. What happened at first, you got smashed.

You got absolutely smashed and it it ended up working out in your favor. but for all you know, it could have got smashed and then it could have sold off for the rest. Say don't chase this and honestly, don't even chase this. Wait for something to at least, if you are bullish, wait for a little bit of a pullback to mitigate your risk.

So here's what I did I looked at this I lined this up and I said oh okay, lower high, lower high all right I get that interesting and then I also I mean this all happened on locals. um I saw this in here I was like okay, we're making a base at four Five Four fifty and all of a sudden these trend lines were starting to break them. As soon as we broke this bottom one, I got a little interested and then as soon as we broke this top one I figured okay, we're actually going for the breakout this time. time for me to enter.

So basically got in in the realm of 454 like the high 454s with my risk being set at 454.48 So I was risking 40 cents with a potential breakout and run. and guess what? It broke out and it's run. and it ran. So it was a nice trade obviously if you wanted.

If you're like no, no, no I want to be a bit more conservative I want to wait for the market to actually be above the previous High Great! You had another opportunity right here. You could have waited for the pop and then the pullback. then you got in when we broke here. Or if you still wanted to be a bit more patient, you're like ah, I don't trust that you had a whole nother opportunity right here on this bar.

You also had another opportunity right here on this bar. You also had another opportunity right here on this bar. Now, obviously depending on when you went in, you could have been using like changing your risk. um, specifically like that's going to be a lot with like, you're comfortable, like how comfortable you are obviously I did not hold mine into close because we started to see some weakness here.

Obviously when you go from a full a full day of trending where you just have these nice generic higher highs I mean even this was a nice recovery I Probably should have got out there. but when it starts to smash here, smash the trend line tries to fight and then gets smashed again. I mean this is a Telltale sign that maybe things are switching. So the reason the the late ads I mean depending on how you played it I mean it's up to you.

Did you play the Spy Did you play Es Did you play options? If you played options, What's your expiration date? Are you swinging? You know for a couple days? Are you just day trading it? I mean that's all up to you. We're all in different time frames. We all have a different risk tolerance but overall in terms of reasonable risk to reward setup plays today. This is why I switched long I'm like articulating my entire process of why I threw in the towel to be break even on meta and to go from NASDAQ puts to SPX calls was because I saw on the daily Trend we were knocking on the door of a potential reversal.

We've already been strong, healthy, pullback starts to look strong and I'm telling you tomorrow. my base case, my base case start for tomorrow when the bell goes dingy ding ding ding tomorrow at 9 30. What? I'm looking for What I'm personally looking for is: I'm going to start off as bullish. I'm going to be looking for pops that pull back into exponential moving averages whether it's the 10, the 20, the 30..

use whatever you like I don't really care, but use whatever you like. Wait for the potential breakouts, push higher then I want the pullback and then on the pullbacks I want that swing I want that u-shape I want that V shape I want the pullbacks in the moving averages that then continue higher if I'm wrong I'll use the recent pullbacks low as my risk. so I know where to get out if I'm wrong or if it continues great. Maybe we get a runner of a day that is not fully but essentially the like reasoning for this play today.

obviously I kind of wish I got out there but if I got out there well that same methodology would have probably like broken me up here. so in real like I did just fine I kind of got out. maybe where I would have anyway. so whatever you the point with Trends is you never know how far it's gonna Trend So you don't want to get in too early, but you don't want to stay like overstay, you're welcome So that's the awkward part of in all reality of kind of the Goldilocks situation of like are you being patient and riding the trend or you being greedy and you're overstaying? You're welcome and that's where.

once again it's a little bit more art than science, but I figure why not take this time to like explain the trade that I just had and like kind of my thought process through it. Maybe you agree with it and you're like oh cool I See that or maybe you disagree and you think hey dumbass, you just got lucky and you're lucky you made 10K I don't know what it is I Just wanted to explain my reasoning with you I personally am a fan of identifying a larger time frame Trend and then in a smaller time frame waiting for a pullback against the larger time frame trend for me to enter and then hoping that the larger time frame Trend continues so you could use that on whatever. you could use that on the one minute versus the 15. You could use that on the 15 versus The Daily You could use that on the daily versus the monthly.

You could use it on whatever two time frames you want. The point is identifying a time frame trend and then on a smaller time frame waiting for the opposite and then maybe the start of a reversal. In my humble opinion, that is how in reality you are going to start optimizing your risk to reward. So right after the market closed, let's see what's going on.

Let's see what's going on. Let's see what's going on I Want to just kind of watch the the Market's reaction here, we know Snapchat Microsoft Google All reporting I Don't think any of the earnings are actually out yet? Um, this is all just people messing around doing crazy things. I Don't think the core numbers are out quite yet. Microsofts are out.

That worries me a little bit because expectations are so high. I Mean you got Google near alphabet near 52-week highs. It's year-to-date gains though trailing. Microsoft There's a trillion dollar market cap gap between them now and you've got Microsoft just shy of all-time highs.

So how good do these results have to be for them to go higher? Yeah. I mean obviously the bar is very high. We saw last week Tech earning season kickoff. Um, and you kind of saw.

sorry just to interrupt you there real quick Microsoft Results are out and we are going through them now. um, the stock at least for the quick moment, taking a dip in the after hours. But we'll give you those numbers as soon as we go through them. Adam Back to you: Yeah, no.

I was just going to say the bar is very high for these earnings, but you've seen in the last week, you know. Nvidia I'm sorry. uh Netflix Tesla Kick to season off on a relatively downbeat note, but the broader markets held in well because you've seen them broadening out of the rally, so it was very, very. Tech heavy Um, in the opening months of the year, but just in the last several weeks you've seen a nice broadening out with banks, energy, capital goods.

Other sectors are picking up some of the slack, so that allows the market to absorb some of these disappointing results. Um, we don't have to go through all the details with Microsoft Remember Microsoft doesn't give out guidance for another hour and a half two hours. So this is only after the report that we're seeing right now. Um, but definitely the bar is very high for all these companies.

That's right. And of course Alphabet just crossing the wires. Two are going through those results as well. So Microsoft looks to have beaten on top and bottom numbers, but going down when it comes to Microsoft and never mind.

I'm gonna go to Steve Kovac with Microsoft Steve What do you have for us? Hey there! Morgan So yes, we have a beatbox 56.19 billion dollars versus the 55.47 billion expected and I'll just throw in here happy. I got out slightly beating expectations. 26 year-on-year growth versus the 25 or slightly above 25 rather the street was looking for. Now, keep in mind that slowdown continues.

It was 40 growth in that year ago quarter. Morgan Down Eight dollars thank you Dan Want to get your instant reaction to that? Azure Better than expected, but still. uh, representing a Slowdown versus what we saw last year. Yeah, I think it's an initial beat and this is all the drum roll to what I view is really the key with AI And in terms of not just Next core, the next two to three years where they are at the top of the mountain to monetize.

AI So I think this is one conference call I expect the Nadella to be upbeat and I think you look at these numbers, it's hard to put like pick holes in it in my opinion. I think I'll call it an A minus quarter I Expect a plus in terms of the conference call and there's a stock 24 hours from now that will be green. as long as we have a forecast that continues to be in line to slightly higher Does this does? Ain use newer applications of AI enable Microsoft to take market share from others like Amazon I mean right now they are gaining market share from Jazzy and AWS and I think ultimately it's in their backyard of the Enterprise they're going to gain more and more share. We believe for every hundred dollars of cloud spend, Nikki gain incremental 35 to 40 dollars.

and that's right now. This is just get out the popcorn moment. Any sort of knee-jerk reaction. We view this as just sort of an ashtray.

I View this as a three and a half trillion dollar. Mark Happen a year all right? I'm disappointed you didn't bring the popcorn to set today. it's popping back. They didn't give out guidance but the market just not liking Microsoft's number.

the numbers shake out you mentioned. the guide comes on the call Microsoft is in the red at least for the moment. After hours though, looking through, I'm looking through some of the business lines. I'm sure we'll hear more from Steve Kovac in just a bit.

You know they look fine LinkedIn Revenue up Five percent Seven percent constant currency Office Consumer Products Cloud Services up three percent Six percent constant currency Windows OEM Down which you'd probably expect in a quarter like this. But again, it goes to that question. How good? Especially given that I was looking back. Um, these stocks chop around for a little bit a couple days after earning sometimes and then make a direct move.

No, right? I Think you know with with Microsoft and AI you know Microsoft dominates AI Mind Share Now I Think it's a question of how quickly you start to see AI really start to hit the financial statements. the income statement. Um, and that really kind of remains to be seen. It won't necessarily be an immediate massive driver Um, you know, especially for the ads or division.

But over the course of the next fiscal year, we're going to get insight into the next fiscal year tonight, because this is their fiscal Q4 You know that could be a different story, but I think for now, the Mind share might be running a little bit ahead as far as the ultimate Financial impact over the next couple of quarters with this company. Okay, uh. alphabet earnings are out as well. Hey guys, sharers, they are popping 6.4 percent.

Just beat on both the top and bottom line. In turns, in terms of earnings per share coming in at a dollar 44 cents versus a dollar 34 cents or 10 cent beat there. Revenue Also better than expected coming in at 74.6 billion dollars, 72.8 was expected. But here are some interesting news guys: CFO Ruth Poora, She will assume a newly created role of President and Chief Investment Officer of Alphabet.

and Google of course she has long been the CFO at Alphabet and we know that Alpha I don't know the exact number off my head, but is sitting on tens and tens of billions of dollars in cash. She has been an advocate of buyback, so it sounds like her sort of responsibilities are expanding and it's very interesting that they have this role of Chief investment officer. We'll have to see what she does with it. That's where we are now.

Shares are up nearly five percent. All right. Uh, Dear Jabosa, thank you. Um, and I just want to get your reaction to this with the stock moving higher and this expanded roll for Ruth pour out who we know has been somewhat of the Wall Street Whisperer when it comes to Google and decoding their results over these last however many years, the Street's going to love this move.

I Think the more power she gets, the better in terms of being a Wall Street Whisperer You look at these numbers, digital advertising, stabilizing uptick and you look at YouTube Look At That Google Cloud I Think more and more. You will hear that in the conference called more and More Gains from AWS. Combine that with Microsoft unless you have a telescope I Don't see a recession out there and I think you combine this the Bears They'll come out of their hibernation mode, try to poke holes in it. You look at Alphabet this stock that ultimately is going to be higher in my opinion.

Everything you heard from both check, check, check, I think Microsoft as well and this is just get ready for the Nadella Where's that practitioner Hall of Fame on the conference call? All right, well hang with us because we've got another earnings report to tell you about. Texas Texas Instruments Those results are out Christina Parts Neville has the numbers hi, Christina hi Well I did see a top and bottom line B right now. it did drop. It could have to do with the Q3 guidance Q3 EPS Guidance Came in at a dollar sign a dollar ninety two.

that is a little bit 1.91 where we're talking about the range and then the company. What happens? So they experience weakness across our end markets with the exception of Automotive so it seems they're still experiencing weakness across all. uh, markets. Analog Embedded also did beat, but you're seeing the reaction in the stock right now, most likely because of the more conservative guidance.

Yeah, I Think important to note: Texas Instruments Not exactly a read through to other chip makers who people might be looking forward to this week including: I Don't think the numbers are out yet in the days after AMD Etc they're very Broad in consumer electronics and so it's more of a kind of General consumer products read. if anything you know noting the difference between Automotive strengths some analog, but but don't necessarily read through there. Do we have Visa Out We do indeed. Kate Rooney has those numbers Kate Please do.

John We've got Visa's third quarter earnings fiscal third quarter looks like a beat here on the top and bottom ups 2.16 That was four cents better than expected on revenues of 8.12 billion. Also a beat there on Revenue payments volume up nine percent in the quarter transactions process. your transaction volume pretty much 54 billion dollars as well. and uh, looks like the stock here moving slightly lower after.

uh, after the report here, we don't have guidance quite yet, but we'll bring any updates John back to you. All right? Kate Thank you Adam Christopherley. So Microsoft down Google is there so maybe you can digest for a bit? I'll note that Microsoft after hours and again we get guidance on the call, so don't put too much into this. it's now just down fractionally technology company she'll continue to serve until February I'm sorry until September 1st During that transition, my earnings are done again that stock higher.

I Mean is this a situation pretty good from these big names that have been so important to this? Market Yeah, I think for Google The key takeaway is that just the core advertising business is performing a lot better than expected. You're seeing a nice rebound um, in that part of in that business and that's obviously very simple that bodes well for the broader macroeconomic. Outlook You know management hinted on their last call that they were going to see a stabilization. Looks like that's happening Texas Instruments that gave up, dropped all the way to 180 but popped all the way back.

It's a big takeaway from very happy I have no instruments I think you know their problem is very, very very happy sitting on the sidelines and I think the movement becomes gonna be a big move in anyway. So I don't need to do anything crazy, especially now as far as unit output um, which is which is really doing well, but the other parts of their end markets are still um, you know, suffering from some sluggish demand conditions and de-stocking All right. But the alphabet advertising numbers are the big highlights so far. Gotcha all right.

Well Snaps results are out as well Kate Rogers has those numbers now reporting a now we're then expected adjusted loss of two cents a share better than the four Cent Projected loss revenue is a slight beat at 1.07 so even Millions Top and bottom line: Daily active users beat a 397 million in the quarter that is above the 394.9 million projected on The Advertiser Front Snap says it has record active advertisers in the quarter up more than 20 percent year on year and through improved retention rather compared to this time last year. In terms of guidance which it has not uh given in recent quarters, the company giving some official guidance here. seeing uh Q3 daily active users of between 405 and 406 million versus the Street's expectation of 406 million, the company says forward visibility of advertising demand remains limited Q3 revenues anticipate between 1.07 billion and 1.13 billion and Q3 adjusted ebitda of between negative 50 million and negative 100 million. both of those numbers disappointing the street and as you can see, the stock is down about 16.

Now guys, back over to you. Wow. All right, it was still. overall pretty solid Eastern on Squawk on the street Dan Uh, Snap, it is tomorrow Evan speaks two years I Mean is is there a secular story going on with SNAP In a situation where despite a macro, uh, an uncertain macroeconomic environment, advertisers are spending money, but they're spending money on places like Google instead.

Yeah, if you looked up disaster in the dictionary, you'd see Snap sticker because ultimately they continue to lose market share in digital advertising. and again again, if you look, there's no confidence in this. imagine team execution in terms of what we've seen from a marketing perspective. you know, and ultimately you look at these numbers, it just feels like it sounds pretty embarrassed on.

Snapchat They're going to others because look at what we saw from Google Look at what I believe we're going to see from Meta, you look what's happening across the board right now. they're just on the wrong side of this trend. This is an Everest like uphill battle for growth in my opinion for SNAP All right Adam Want to get your thoughts on this too, whether it is snap or by the way Visa which is such a key read on the consumer and talked about our resilient consumer and continues to see some growth there. I Would imagine travel again this quarter as we still go through the results here and await the call.

I Would imagine travel continues to be one of those areas where we've seen that resilience coming from. No. I Think in the case of Snap, it it's just another issue of you know, online advertising. It's kind of dominated by Meta Google and Tick Tock Um, and you know your other more ancillary players just are subscale.

Increasingly, you know the Au the the user growth is is nice, but you saw a decent music growth with Spotify also or it's not translating into accountability or Revenue growth mixed bags Microsoft down Google up Snapchat down Visa Note to add in there when it comes to Microsoft is that could be completely reverted when they end up doing their call because on their calls when they release their guidance. So if their guidance is strong I wouldn't be surprised if it were a pop in the slightest. Um I feel like I got lucky I feel like I got unlucky with playing Tesla and Netflix I was bullish on both of those. Both of those got rocked I Feel lucky here that I just didn't play it I mean this is tough.

How do you play Mike like Tech when two of them are going down, one of them's going up, it's all over. So this is a exact perfect example of why I am just not the biggest fan of playing earnings whatsoever. Obviously a lot can change between now and Market open, especially with tomorrow we have crude oil reports. We're going to end up getting Fomc decision Jerome Powell is going to be talking a lot going on.

so I figured hey for me locking my 10K and just sleep easy tonight and see how things are gonna go see some people talking about Meta after hours met up happy I got out of that one uh I had puts I got out for break even. Um, maybe it's time to get back into calls tomorrow. Maybe the Market's viewing it as eating up snaps digital advertising. Maybe it's eating out their market share.

so very well could be. Um, so we'll see how everything's going. Uh, sign up Macquares.locals.com It's only ten dollars a month. This trade alone made me 10K You could pay for it forever.

It's a hundred dollars for a year In the future. When there's some technical hurdles surmounted, this will be associated with the Discord. So when that happens, it's going up to thirty dollars a month. So if you want to get grandfathered into a cheaper fee, this is your time to do it.

In terms of everything: I appreciate your Vibes I appreciate your support I appreciate all the jokes. Um, I Just appreciate you I Just appreciate you. We will be posting some content later on today. we will be posting some content.

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