This stock is ready to EXPLODE‼️

We do love it when those flapjacks are flipped just right, don't we? I hope everybody made some good money out there here today. Uh public count up $72,000 here today. Big move up for the public count. And why is this? Well, lot of big tech stocks rolling heavy here today. AMD, do you own it? AMD, another $40,000 plus dollar move up here today in the public count. Up almost $1.1 million just in the public count on AMD. Now, at this point in time, getting close to a 400% gain. Speak about 400 plus percent gains. Look at Meta up $12,000 here today. Amazon up $11,000 here today. Google McDougall big move almost 5% here today. Up 3,600 bucks. Palanteer moving big. Elf on a shelf continues to see huge momentum. I was taking a peek at this here today. This is really fascinating. So what they did here is kind of show a chart of Netscape coming out and what that was in the tech bubble versus chat GPT being introduced and what the NASDAQ has done since then right it's pretty fascinating and the one thing you can kind of cor you know you can look at this chart and you can say well there's definitely a lot of correlation here but you can also say man if you know the time period we're going through this AI boom if this is similar to what we had in the tech bubble with you know stocks going crazy during the internet age I mean we got several years to go in regards to this cycle, right? China has seen unprecedented money supply growth. China's M2 money supply is up to a record 240% of GDP, the highest among any major economy in the world. That's pretty fascinating to see. If you're in the market for a home over the next few months, you're definitely have um I would say some, let's call it advantage in the marketplace. Look at this. Uh supply of homes, existing homes out there now at this point in time is the highest it's been in many years. So if you're out there in the housing market and you're looking to buy a home in the next, you know, we can call it 6 to 12 months, I think you actually got a real good advantage on your side for negotiations. Look at this. Taiwan raids super micro offices in expanding chip exports probe. This is fascinating whole situation, right? Elf on a shelf is now 42 plus% in the past 3 weeks. Meanwhile, you look at a stock like Oracle down 31% in the past three weeks. Talk about two stocks moving in different directions there. Right. In today's video, ladies and gentlemen, we got three core subjects to get into in this one here. Day one, I got big news regarding Micron, AMD, Meta, Google, those sorts of stocks here today, okay? And what's going on here and how this is going to play out. Okay? Second thing we're going to talk about here today is I want to break down valuations. Not a lot of people understand how to value stocks, right? And I wanted to just take a moment in today's video and kind of show you how to value companies. And so I don't care if you've been in the market, you know, a few months or a year or two. I hope that segment will really help you kind of understanding how to value companies. Okay? So I just want to give you some gems there. And third thing we'll talk about here is ELF clearly has a lot of momentum up 42% in the past 3 weeks, right? Is this stock going to hit $100 plus very soon here? It's at $69 roughly here today. And so I want to speak about that subject in today's video. If you have not already done so, I need you to do one thing for me, please. This is all I ask for you for doing this video. I just need you to smash that like button, that little thumbs up icon. I need you to make it glow. And that's it. Okay. I appreciate you for joining me for this one here today. Peep the 1000X hat. We got the 1000X hat rolling here today, USA baby. I thought it was appropriate given uh July 4th coming up here. And uh also, are you subscribed to the channel? If you're not subscribed, what the heck are you doing? We got a massive Fourth of July sale coming up. 4,000xtocks.com. If you want access to that sale, that will be the pinned comment down there. You can enter your name, email, that good stuff, and we'll send over the deal as soon as it drops on July 4th. All righty, ladies and gentlemen. Listen, MU, AMD, Google, Meta, all this stuff. Listen, something very important is going on. They're breaking down the latest uh the next generation iPhone. They're talking about how much it's going to cost, right? in regards to this phone. So, in just regarding like the memory and how much this has changed. So, memory in the iPhone 17 Pro, they estimate that at about $39. Storage about $13, right? And the next generation iPhone that will be coming out here in a few months from now, right? They're estimating memory is going to be up to $145. This number could go higher between now and then, by the way, but they're already estimating $145 and for storage $51. This is clearly a big problem. This is why you see Apple announcing they're raising prices on computers, raising price on iPads, all these sorts of things, right? And ultimately, the next generation of iPhones are likely going to be significantly more expensive, right? And it's not like this is like some madeup baloney. Like this is truthful. Like memory prices are going absolutely insane. And so it's going to make all electronics much more expensive or the supplier is going to have to eat the cost and they're not going to eat the cost and then they're going to pass it along to the consumer. Right? You think Apple's going to eat, you know, a $200 increase roughly in memory and storage? Of course not. Right now, this is where things are getting really interesting. So, Apple is reportedly seeking US clearance to buy memory from China's CXMT, a Pentagon blacklisted D uh DRAMM supplier as AIdriven shortages push memory costs higher. Now, I believe an old company I used to own many many years ago called um this was back in like the the whole um Rona days, but they were called Corsair, right? And I believe they're using this company for some of their memory, right? And so it's not like no one is using this company like many are and so maybe Apple might start using them, right? Really important us for us to call out CXMT is mostly trailing node commodity DRAM, not leading edge high bandwidth memory. So even if Apple gets approval, it doesn't solve the high bandwidth memory storage or shortage driving the AI server margin pool. So that's important, but it still at the end of the day it shows that Apple is trying to use other suppliers here and that means using Chinese companies. They're going to try to use Chinese companies. Now we'll see what happens with that. But this is the basically over the last I would say 48 to 72 hours. This is a crack starting to show that oh boy like memory price have gotten so dramatic like everybody's starting to pay attention to this right this news just came out memory trio Samsung skinix and Micron face class action lawsuit as prices reach historical high due to shortages now they're starting to do class action lawsuits against these companies and they're trying to say like these companies colluded and tried to keep you know what's called supply artificially low and are backing up prices so ridiculous and um those sorts of things, right? And they're going to point at things in the financials like I don't know if you guys have seen in the latest Micron financials, something very important in there that I think is worth pointing out. Listen, something very important from what I saw revenue for Micron was up 300 plus%. Right? 300 plus%. You know how much cost of goods sold was up? From what I remember when I looked at the report, I remember cost of goods being up like 11%. revenue up 300 plus%, cost of goods sold up like 11%. Which means pricing has just gone insane, right? And uh it's not like they're just like producing a ton more and so that's how their revenue is up 300 plus%. It's just the prices they're able to charge have exploded higher, right? So it's an interesting time period and they're going to look to financials like that and then they're going to try to put other pieces together and they're going to try to prove something in court. um and we'll see what happens with that. But the moral of the story is not this lawsuit and whether these companies have to pay a fine or something like that or that's not the issue. The issue is now it's clear we got an emergency in regards to memory prices here and what's going on here. Right now this is be gets a lot bigger from here. Right? Because think about it like this, right? If prices go up on everything, right? this laptop's more expensive, this computer's more expensive, which those are going up significantly. The phones are getting more expensive, then you're not going to be able to sell as many of those. And additionally, that's inflationary. Now, we know we've had big problems with inflation for the last several years, and we know the government is trying to get rid of it. You know, this level of inflation, right? And so, this is something that will show up in the data, right? Additionally, people can't buy as much. That's less tax revenue, right? this less kind of economic uh boom going on out there and it's less people can afford and companies can afford because if you're paying a lot more for memory then you're not going to be able to get as many AMD chips or Nvidia chips or whoever as you wanted to get if the memory price is a holdup right like just imagine the memory price keeps going higher and keeps going higher people can only people only have so much money to spend and big corporations only have so much money to spend and so if you're just having to spend more and more on memory as less you can afford for just the chips, right? Straight up. Like if memory was a lot cheaper, you could afford even more AMD chips and Nvidia chips. But AMD and Nvidia are going to have to go up on price. If high bandwidth memory keeps going up in price, right? That AMD is not going to eat that because their demand is insanely high on GPUs and CPUs. You think Nvidia is going to eat that? Of course not. They're not going to eat that. They're going to pass it along to Meta, Google, Amazon, all those sorts of companies, right? Just as Apple or all the companies that sell phones, sell computers, iPads, all that stuff, right, tablets, they're not just going to sit on their hands. They're going to pass that along to consumers. But the problem is eventually people say, "I can't afford it. I can't do it anymore." Right? And so that's a whole situation we have going on now at this point in time. Right? So the issue Micron has is basically becoming a victim of its own success. And not only them, but all these memory chip companies now at this point in time, they're becoming a victim of their own success because now they're on everyone's radar. Everyone's radar. I'm talking all these big tech companies are going to be looking for ways to solve this issue, right? Governments, it's now going to become a government problem now at this point in time, right? Because if we're talking about anything that slows down this AI boom, governments aren't going to like that because a lot of the economy is being propped up by this AI spending boom. So if you slow that down, you slow down the economy in a significant way. When you slow the economy down, what happens next? You have problems in elections. You get voted out of office. Your party loses. So the government is now looking at this and like hm what do we got going on here right that's how much success these companies have had and then you could even have big dogs like TSMC look at this right cuz if you talk about we have to slow down the chip cycle because memory prices are exploding that much higher right then that means less volumes for somebody like a TSMC which affects obviously Taiwan as well there's a lot of ramifications here but the moral of the story is here no one ever cared about memory chip companies no No one ever cared about Micron. No one ever cared about a SanDisk, SKH Highix, Samsung's memory side of the business. No one ever cared. They were like good profitable businesses most of the time. Sometimes they lost huge amounts of money and no one certainly cared about that. But now these companies are becoming the biggest companies in the world and it's an issue now when you're talking about Micron, SKH, Samsung being three of the biggest market cap companies in the world. They're like I think all three of them are in the top 10 right now or very close to top 10. three memory chip companies. Now everybody starts looking at it. I don't care if you're the government started looking at it, big tech starts looking at it, everybody's looking at it and saying this is an issue and we need to solve for this and it's like almost seen as like an emergency from so many different angles and so these companies have had so much success that now they've actually become a problem, right? And um it needs to be let's call it dealt with. Okay, so that's what we have going on now at this point in time, right? So now you could look at the big winners of this whole situation or the big spenders, right? Cuz if there's worries about basically memory prices, let's call it topping in the next few months for whatever reason, right? then you could be looking at a situation where Google, Meta, Microsoft, Amazon, those companies are kind of seen as winners in this environment because you know these are the companies that are having to spend fortunes of money on memory specifically high bandwidth memory right so the big spenders could be seen as winners and you look at a day like today with all this kind of a lot of negative headlines in regards to micron and the stocks that saw huge benefits today is Google was up like 5% Amazon was up 3.2% 2% here today. Meta was up 2.2%. The only loser of the bunch is unfortunately Microsoft. That stock was down. I mean just Microsoft seems like it just seems like nothing can can be positive around Microsoft right now in regards to that stock price. Look at Mr. Softy. This stock is down almost 26% over the past year. And it's like even when you get something that could be seen as a positive on a day like today, it still goes down, right? Just can't catch a break. and and that's fascinating because Microsoft's usually one of the most stable like reliable stocks out there, but it just hasn't been, right? So, we'll see how all this plays out. The moral of the story is if you own Micron stock or any memory stock, here's what you need to know. Okay, listen. One, well, let's talk about the good, then we'll talk about bad. The good, these companies are going to make fortunes this year and next year. There's no debate. There's no debate. fortunes of money, the highest margins, the the highest, you know, net margins, gross margins, every margin you could possibly imagine the companies I've ever seen in honestly that I ever will see. This is a freak situation and this is as good as it gets in regards to those margins. These companies are going to be command this year, next year. Okay, earnings per share, you know, it's just going to be ridiculous. Okay, these companies are going to bring in so much cash that if they want to increase production, they can, right? Or, you know, build out even more facilities. And they're all focused on building more facilities as well, right? But if they want to ramp that up, they can if they want to do that, which they need to be careful because if they ramp up production too much and you have a slowdown chip demand, let's say 2, three years from now, that's when you get a vicious cycle and these companies go from everybody's looking at them and thinking about how much money they make and how much of a problem that is to all a sudden like no one cares about them and they're losing money, right? But no one feels bad for these companies when they're losing money. No one feels bad for them when they're losing. But when they're winning like this, everybody's looking, they're like, hm, what's going on here? Right? the bad. They're on everybody's radar. Everybody's radar. And everybody's thinking about how do we alleviate this problem and the problem will be dealt with. Um they're not just going to allow these companies to, you know, continue to have memory prices go higher and higher forever and ever. That's not how this works. Okay? So, they're going to have their fun in the sun right now, but that will come to a close. Whether that means other big tech companies getting in the memory business because they're having to spend so much like at some point in time you could want to get into the memory chip business, right? Because if you're spending, let's say you're one of these big tech companies and you're like, "Oh my gosh, we're going to spend $50 billion just on the memory side over the next several years, right?" Like, and you think about like you're going to spend that money. Why not spend that money on getting in the memory chip business, right? and then making money from that and selling those chips and be able to use your own supply. And of course the push back there would be like they can't do that. Of course they can. You think Meta couldn't figure out how to get in the memory chip business if they want? You think Amazon couldn't do that? You think Google couldn't do that? Of course they could. Of course they could. It's just a question of do they want to right? But if all of a sudden you start having to spend, you know, 10 billion dollars a year in your budget or multi10 billions of dollars of your budget starts going into memory chips alone, that's when you start saying, "We'll figure out solutions around this." Okay, so this is just something to factor in. You're going to make fortunes of money the next two years, but too much success, man. Too much success and now it's caught everybody's attention, right? Second thing up here, valuations broken down very simple. and then we'll talk about if ELF's going to $100 plus in regards to that. Okay, so there's many different ways you can value companies in the market. Okay, you can do these discounted cashree uh cash flow models. You can do a lot of different things, right? DCFS. I like to look at forward P. Okay, and I like to think about what can a company bring in earnings per share-wise over the coming years and what type of, you know, P ratio am I going to have to pay for that forward P ratio specifically, right? And the forward P is looking at what is forecast for the next year for that particular company, right, for earnings per share and looking at a stock price, right? And then you're going to be able to run the numbers. So, for example, if the stock currently trades at $150, analysts believe it'll make $6 over the next year, the stock has a forward P of 25. Okay? So, that's how you calculate it. Now, based upon that, you start to look at stocks. We're looking at thousandx.com right now. Looking at Meta Stock, right? Meta stock has a forward P just under 17. Right now, of course, forward P's, they're a forward-looking indicator. And so, keep in mind that could change, right? Metas forward P could be 14 right now. It could be 20 right now, right? It could be even more dramatic than that, but it's going to be roughly in that range likely as this is taking all analysts compiling them together and kind of figure out what the forward P is. So, let's call it about 174P on Meta. Right now, when you look at where many stocks in the market trade at, they're kind of in that 18 to 26 range. I usually like to think about the market in general at a 4 P of 20. That's the way I kind of think about it. So, I would look at something like a Meta and I would think like, okay, this stock is trading, you know, likely a little below where an average stock in the market trades, which is interesting, right? Um, now why are they they doing that? That's because, you know what, why is Meta not commanding a higher Ford P? mainly because they're spending so much money right now and people are very concerned about that. The company's sp supposed to spend somewhere around $140 billion on capex this year. This year alone it's ridiculous numbers, right? No, the higher the forward P, right? And specifically the higher forward P over 20, so keep that number 20 in your mind. The higher the forward P over 20, the better the future growth better be. If you've got a company with a forward PE of, you know, 45 with non-existent growth in future years, you've got a problem. That stock's likely going to correct huge. Okay. The higher the forward P, they've got to come through with great growth. So, let's say you've got a stock and the stock's trading at a 54 P ratio. Okay. Remember, the number you need to be thinking is 20. So, this stock's way above that, right? We can call it what is that 150% above that roughly, right? So 54P, the way I would think about this is this company needs to they better grow at least 2x the earnings per share over the next three years. Okay? Or you're getting ripped off on buying that stock. Like and there's a lot of people that get ripped off on buying stock, right? You're just not getting it at a good price. If I can't if I look at a company and I'm like I love this company. They got great growth going in the future. They got a great management team. They got a great next 10 20 years in front of themselves, right? It's a 504P, my brain is already going to, man, they better have the growth. If I do research on that company and I expect them to 3x their earnings per share over the next three, four years, the stock's actually a deal. It's a great deal. But if I only expect them to 2x, if I'm looking at a stock and they got a 54p and I'm like, it's going to take them 8 years to 2x their 4P, we got a problem because it's going to take them eight years just to get down to 25. Unless of course they buy back a ton of shares or something like that, but I don't want to count on that. So that's where you got to start looking at it from kind of that perspective. So remember these numbers. I'm telling you forward P of 20. If you're under that, think am I is there a catch? And if you're significantly above that, they better have the big growth in future years, right? No. If we look at something like an AMD for instance, right? Because you this is a good example of like confusion of like, well, this company trades really high. This company trades really low, right? So, with a company like AMD, they trade at a 774p ratio. Now, keep in mind AMD's growth rates are about to be so insane that the 4P is probably a lot lower than that because analysts tend to get caught off sides in these situations and not be nearly bullish enough on the earnings per share. So, that's one thing you got to already factor in. Okay, I'm just dropping gems on you here. Stay with me, okay? I hope you guys are are retaining all this. If you need to rewind the video during this portion, rewind it cuz we're just diving in here, okay? But usually, if a company's about to experience rapid growth in their earnings per share, from what I found over my 18 years of the stock market, analysts are end up being way, way too low in the earnings per share estimates. Okay, so that 77 is probably baloney. The for the real Ford PN AMD is probably 50, okay, or 45 or something like that, okay? maybe 55. 77 probably not, but we'll still use a 77 number. So, the way we need to think about AMD is it's like, whoa, that's significantly above the market obviously, right? Cuz we're remember we're trying to think about 4 Ps of 20. This is at a 77. So, they need to have some ridiculous growth. Well, current year expected earnings per share growth for AMD is 163%. Way over a double up. like they'll probably do a triple up if not more than a triple up just in the current year, right? Remember we talked about if you're at a 54P, you need to double your your EPS or more over the next 3 years. This company's going to, you know, probably triple it in a one-year basis, right? That's insane. Then the following year, earnings per share growth is expected to be 70%. Right? So the numbers are so high. That's why people are still building up AMD even though the Ford P looks really high. It's like the numbers are going to be exploding so rapidly that they're going to eat up that P ratio, that forward P ratio. They're going to eat it up, right? And probably in a much faster rate than anybody's really anticipating. Now, the next level you really want to do is you want to run projections on companies. Okay? So, I use thousandx.com to run all my projections. And through that, we have our intermediate projections, which is what I'm showing you. And then we have advanced projections if you really want to go, you know, crazy with it. But I like to, you know, it's really better to learn on companies that are a little slower growth for running projections and for figuring out valuations than higher growth companies. Higher growth companies are just more complicated. It's much easier to deal with a company like an American Express, right? And so when I run a company like an American Express, I run my bull case, my base case, and my bare case, right? And what I like to do here is a company like American Express, I expect them on a bullish scenario grow maybe 10% revenues per year, 15% net income growth per year, right? If they can grow at those sorts of growth rates given their business is incredibly stable. I think a 30 to 35 PE is pretty fair given that sort of growth rate and given the stability in regard because you you you got to understand the more quality a company is quality meaning they can retain their earnings and grow earnings consistently over a period of time and it's very difficult to compete with them right that you're willing to pay a premium for. Now, you can say, "Well, they're a credit card company. A lot of companies can be credit card companies, right?" Yes. But the way American Express kind of locks in their customer base is what makes them special. No different than you could look at Apple and say, "Well, they sell smartphones." A lot of people sell smartphones, right? No, it's about, you know, how they're able to retain their client base over time. Once you become an American Express customer, you stay an American Express customer usually for years or decades to go in the future. And we became American Express customer several years ago, right? and which is also a very natural thing to do as your net worth climbs. And like I I I can't see us leaving American Express anytime soon, if ever. Like once they kind of lock you into their different credit cards, like there's no reason to leave and it's hard to get out of the ecosystem because you get so many different benefits from it, right? And so that's just something to kind of keep in mind there. Kind of a Costco is another one that you would think of that should always trade at a premium. Costco is not just an average retailer. They have their membership model where people pay to go to Costco and once they sign a member to Costco, it's hard to break away from that, right? You look at Amazon with their businesses as well. Amazon with Amazon Prime and with their AWS side of the business as well. You know, once they once you become a Prime member, you're likely going to stay a Prime member for years or decades to go in the future. Once you become an AWS user from a company standpoint, you're going to likely use AWS for years or decades to go in the future, right? No. A base case for American Express, I had them 8% revenue growth on average, 12% net income growth on average, right? 28 to 33 PE under this scenario, right? And I get a compound annual growth rate of 23 to 28%. Now, something like a bare case, much smaller, slower growth rates, 5% revenue growth, 8% net income growth. Now, this is where we take the PE ratios down quite a bit. Now, we're talking 20 to 25. Why did I take it down to roughly where the market trades at in general? Well, because these are the sorts of growth rates the market in general would usually command, right? An average stock in the market, you kind of think of it as like a 5% revenue growth type stock, right? Maybe 8% on the bottom line somewhere in there roughly ballpark, right? And that's why I have my P ratio there at a 20. Now, when I can still get a very nice return, which American Express, even in that bare scenario, still a 9% returner compound annual growth rate. I mean, that's roughly what you should expect from the S&P 500. So that makes American Express a pretty attractive stock right now. Right? So that's the way to kind of think about that. Right? Now where we can get tricky, we were speaking about Micron earlier and memory chip companies and things like that, right? These companies are make going to make so much money this year, so much money next year. These are tricky ones because you look at a stock like Micron, you say Ford P of 12. How? Look at the current year expected earnings per share growth of Micron. It's 758%. 758%. So this looks like the greatest stock buy in the history of mankind because it's only at a forward P at 12 and they got 758% current year expect you know earnings per share growth. Current year expected revenue growth 268% with a 12 Ford P. It looks like this is too good to be true. Like this should be a $5 trillion company, right? If not bigger than that. Here's the issue. No one believes what Micron's going through right now is sustainable long term. And so they're not willing to pay the sort of P if you thought this was sustainable long term, right? Like if you thought micron could keep growing, you know, if you thought high bandwidth memory prices could just keep going up and up and up significantly every year and nan prices as well, well then you'd probably be willing to pay this price easily for micron. I I'll gladly buy that. But people play a step ahead, right? and they understand after this boom the company's going through there's likely going to be a downside for DRAM prices and NAND prices as well and that's not going to be good right and so that's when you talk about earnings per share growth going the other way that's not fun and so that's where you don't want to get tricked you don't want to just look at a 4P and be like oh 12 and they got great growth easy buy no doesn't work like that not for more cyclical companies and that's also why with cyclical companies. Keep this in mind. This is another gem for you. With cyclical companies, usually the most dangerous time to buy cyclical companies is when the Ford P looks really low, really low. Especially if it goes like under 10, cuz that means you're already in a boom time for those companies and they're already making fortunes of money. The best time to buy, and it sounds so counterintuitive, but it's the way it works with cyclical companies. the time to buy cyclical companies when their forward P is like skyhigh like when they got like a crazy forward P of like 80 or 100 for a cyclical company that usually means they've gone through a brutal down cycle in their business and cyclical businesses generally always come back and so a few years later next thing you know they're making more money than they know what to do with. It's like an up and down cycle. Now, there's thought in regards to this memory cycle. This one's going to be different and like, you know, well, we'll see about that. You know, that's they always say this time's different and then it ends up being the same, right? So, just something to kind of keep in mind there. Okay? I hope you got a lot of value out of that valuation portion there, okay? Before we get into Elto. Now, there's two specific education uh portions on ThousandX that I want you guys to enjoy, especially you guys that are going to get that ThousandX sale for July 4th. This one, how to value a dividend stock. Make sure you check that out. It's going to explain a lot in detail. So, if you enjoyed this portion of the video we just went over there, you're going to really enjoy that. And also this one, how to value a growth stock. So much value in that. This whole education portion, basic option strategies, advanced option strategies, right? Margins, uh how to decode an income statement, cash flow, SWAT analysis, balance sheet, all this stuff is so valuable. So, when you get the sale, when that drops, make sure you check out that education portion. Man, you're going to get so much value out of that. It's insane. Okay. All righty. Next up here, ELF on a shelf. Let's talk about $100 incoming and those sorts of things. Okay, so first off, I mean, I got disgusting timing on ELF. I don't know if it's I'm just good at at ELF stock or or, you know, if it's just luck, but I mean, look at my shares I've got in the public account. Obviously, I got this badge from 2019 that I bought at $7.28, 28 cents. But then I got this batch I just bought recently and I hadn't upped my cost basis forever in regards to ELF and I was like I finally did it and I literally got ELF at pretty much the lows. 4909 on June 5th. It's unbelievable. And so already up 42% on that batch but it doesn't look like very much next to this batch up 860%. Right. Then in the Patreon portfolio I started buying ELF recently already up about 17% on those ones. in uh my Ally portfolio. I have about a quarter million dollar position and already up $42,000 on that one there. Up about $9,000 here today alone. My cost on that one is 58. That's actually my biggest Yeah, that's my biggest ELF position is this one I have in an Ally portfolio there. And then also have shares in a Chase portfolio as well. That's a that's another six-figure position there. $104,000 and already up 27% up $22,000 on those babies. So, ELF is a stock I always um you know, pretty good with the timing in regards to that one. And when the further it goes under 100, I mean, that one's just like you got to add as many shares as you possibly can if you're a believer of the company. Right now, in regards to ELF's stock price, okay, this is showing you the past three months. Past three months, stocks up 14%. But the interesting thing to look at in regards to ELF is clearly the stock had a crash in a clear like a crystal clear bottom. This isn't like a questionable bottom where you're like, I don't know, has it actually bottomed? No, this is a crystal clear bottom. Okay, this right here like this recovery, this recovery, those could have been questionable because it's like, ah, it's not that extreme. This extreme, yes, we've already bottomed ELF. Now, at this point in time, it's a crystal clear bottom, right? So, in regards to ELF, over the next 6 to 12 months, I believe this stock is headed back to its old 12-month highs. Now, if we look over the past 12 months, the stock was in the $120 to $140 range. So, that's where I think it goes over the next six to 12 months. I think we'll see it 100 plus sooner rather than later. Of course, not every day, every week or every month is going to be up for ELF, right? But the overall trend is going to be up and to the right for a significant amount of time, at least in my personal opinion, regarding ELF, right? And I know the stock pretty well. And the thing with ELF stock you got to really understand right other than the fundamentals and everything going on there. But in regards to stock price of ELF, this is a stock when it's going through a down cycle, it's brutal, man. It is absolutely brutal. And it just seems like it's just goes down down down Chinatown. But when the upcycles happen for the stock, it is rapid. It It is a lot of fun. And the moves are dramatic. Like you'll see the stock double in four months and you'll be like, "Huh? What just happened with ELF's? How did it double in four months? But you might have missed the previous four months where it crashed 50%. So that's a fascinating thing about ELF. The moves on both sides are dramatic. But we're going to have a lot more up and to the right over this period of time than not, right? And you obviously know long term, I believe ELF is a$200 plus dollar stock. So, you know, even when the stock goes 100 plus, if it does over the next 3 to 6 months, I think we got a lot further to go than just that. All right. Now, also keep in mind the Michigan consumer sentiment has bottomed now at this point in time and has started to trend up. The moral of the story is in regards to this. I believe the consumer sentiment is going to get much better over the next 1 to two years. Over the next 12 to 24 months, right? And once again, that doesn't mean every single, you know, month is going to be up for the consumer sentiment, but the overall trend over the next two years, I believe, is going to be up and to the right for consumer sentiment, right? And that's going to benefit a lot of consumer related stocks. Okay. ELF is one that comes to mind that should benefit huge over this next year or two. Nike is another one that's a beaten down dog. I think that's going to benefit huge over the next year or two. Estee Lauder Eel stock, another one. Even Lululemon stock, I think, is one that's positioned to benefit. They're certainly not my favorite company. I like Nike a lot better as a stock over the next few years, but as a long-term hold for like the next 5, 10 years, but I think I wouldn't be surprised at all if Lulu sees momentum over the next year or two. Target, even Target's one of those stocks when consumer sentiment is really bad, no one wants to own Target. But when consumer sentiment is getting better and better, a lot of people jump into a stock like Target, right? Very different than a Walmart. Walmart people will own almost regardless. Target's very different. They only like to hold that one when consumer sentiment is picking up, right? And then another beneficiary of this is travel stocks. So when consumer sentiment is getting better and better, travel stocks can definitely see momentum and join that party as well. So, you know, the way I would look at it is consumer sentiment picks up over this next couple years is going to benefit a lot of these beaten down dog stocks that just haven't done anything for years other than go down. And there's a lot of them. A lot of these stocks peaked back in 2021, right? And during this whole inflation spiral that has damaged the consumer, it's just been down, down, down for all these stocks, right? And I would say if you look at the trends, a lot almost all of them have bottomed either last year or this year now at this point in time. and they're poised to have a lot better days ahead, right? When it comes to those sorts of companies. Now, as far as this next few weeks here, okay, listen, obviously we got the thousandx sale coming up on July 4th, right? But earnings craziness really starts that that week, July, you know, 12th or 13th or whatever, right? That's when we're going to start getting a lot of earnings coming out and then we'll get more coming out that week of the 20th. But then where the real craziness is going to be for earning season is going to be that July 27th in that first week of August. Oh boy. Okay, you're going to get so many big dogs reporting all at that point in time. I hope you guys are ready for that. I'll keep you up to date with everything going on, all the earnings craziness, but it's going to be busy busy times. I can tell you guys that. So, I'm going to be going on vacation here soon and then uh after that I'll be ready and ready to rock and roll for earnings time cuz it's going to be craziness. Okay, I appreciate you guys for joining me as always here today. Once again, you want that Thousandx sale that will be the pinned comment down there. Take you up to a much higher level than where you're at right now. Get you the best of the best software out there as well as all that education portion of 1000X as well. And uh if you don't know about all the different features and things we have for 1000X, definitely click the pin comment down there. I recorded a big like I mean it's almost like a 20 minute video just showing you everything you get access to with 1000x. You'll be blown away. Oh my gosh like I got to get this sale right. All right, guys. Much love and have a great