Google, Tesla, GE Vernova Earnings Put AI Capex Under The Microscope | IBD

Hey everyone and welcome to Earnings Cheat Sheet for Friday, July 17th. It's Alexis Garcia and Ed Carson here and we'll be taking a look at some key upcoming earnings reports to help you prepare for the week ahead. And Ed, we basically had about a week to get into it and now the deluge is coming so to speak. So, what do you have on top for us this week? >> Yeah, we have Google which is just absolutely huge. We also have GE Vernova and Tesla. >> All right. Well, let's start with GE Vernova which is scheduled to post Q2 earnings on Wednesday, July 22nd. Earnings for the energy equipment company are projected to rise 84% to $3.19 per share and revenue is expected to climb 18% to $10.74 billion. And here's why we're watching GE Vernova. We'll want to see if GEV is converting its massive backlog into firm orders and revenue. Offshore wind has also been a drag. We'll want to see if that eases up. And more broadly we'll be looking for any commentary on the competition heating up in the AI energy space. And Ed, speaking of that backlog, it hit $163 billion recently. I think long-term demand is incredibly secure at these price levels. But a good earnings report might not be enough for investors that want to see that these higher price contracts are starting to flow into the bottom line. >> Yeah, and there's also like looking forward. It's interesting that for 2027 the EPS is supposed to be down which I don't really get. Given that uh that that you know, there's this massive backlog. I understand that there's this and that, you know, things. Yeah, this has been really a strong leader in the AI you know, the AI energy space, all those turbines cuz you know, they they you can get that pretty quickly but there's a huge backlog. Uh really important to see this for a lot of reasons on the AI build-out space. Uh you know, there's Again, these early earnings are so important for the whole sect for the whole space, you know, and you know, various industry groups. And uh GE Vernova matters a lot more than just turbines, I think I think going forward. >> Yeah, and looking at the chart here, Ed, as you mentioned, we see in 2027 uh that anticipated 17% EPS drop. Uh but on the technical side, uh GEV attempted this breakout here on July 6th. It immediately reversed, and then it's kept drifting lower. It's now trading below the 50-day line. So, what are you looking at to set up here? Uh obviously, seeing this sort of pullback uh not very good ahead of earnings, but uh always a chance to rebound here. >> I mean, at this point, AI stocks is like the ones that are sort of hanging around their 50-day line are outperforming. I mean, there are line is definitely weakened, but it's outperforming versus other AI stocks. So many are just breaking down. This one hasn't yet, but it easily could. Uh a couple of things. Okay, yes, I guess a clear move over the 50-day line could offer a buying opportunity, but there's also another thing. GE Vernova has a history of gapping up and then basing. So, the last time it did that, it went surged, but after the second day, it basically turned around and fell back. And some of that, okay, some of that's the market, but still, it was giving up gains even when the market was going up to highs. Uh it did that in the prior earnings report, and I think it did that, you know, where it came, you know, like uh way back way back uh you know, um it probably in January, February, you know, in January it did that. Uh it gapped up, then it based. Again, it moved out after that, but if you bought the earnings, you were talking I think it did that the prior time. So, if you scroll back, it did one more time. Uh it gapped up, and it did move for a little bit, but not for long and then it based for several months. Again, there's always other things going on, but I would just be saying like I would be wary of this one if it does gap up. If it gaps down, well, then you're in real trouble. Uh, so you could buy a gap up, perhaps, but just know its history of everybody getting excited and then fading away. So, um, that's just something to watch for. >> And I'm just going to switch over here to the weekly, Ed, uh, and we can see a little bit tighter action here on the 10-week line, uh, with GE Vernova, uh, I guess trying to hold on to that key level, uh, but anything else jumping out to you on the fundamental side? I mean, we see this incredible EPS growth, uh, over 1,500, uh, the last few quarters. Um, so again, these comparisons are going to get harder and harder to maintain as time goes on. >> Yeah, I think that's, uh, the growth rate's obviously going to slow. And then the question is it going to that backlog, like converting the backlog and those kind of things? It's like, do we think this is going to grow? It's It's It has a high valuation because people think it's going to grow not just You don't, you know, if it's a cyclical name that will low, it'll come in and then the energy needs fade off. I mean, those stocks don't tend to have it. So, the expectation is this will be strong earnings, really solid earnings growth year after year for seeing, you know, you know, out there to 2030 or so. So, people really want to see that and, uh, yeah, the stock has trended higher. It's been nice. It sort of last several months the RS line has been flat. It sort of consolidated it since the last earnings report. It's doing better than a lot of names. Uh, you know, um, and maybe this will be one of the first ones that can move, but it's not a very good environment for AI stocks right now. >> All right. Well, on that note, uh, let's take a look at another AI stock, uh, with Alphabet, aka Google, uh, which is also expected to report Q2 results on Wednesday, July by Uh, earnings for the tech giant are expected to jump 24% to $2.87 per share. Revenue is projected to climb 21% to $116.54 billion. And here's why we're watching Google. Uh there's a lot of reasons here. Uh we'll want an update on CapEx numbers, cloud business, the order backlog, AI monetization, and we'll be listening for AI token price commentary. Uh we'll want to know if enterprise customers are switching from Gemini to lower-cost uh i.e. Chinese open-source models. Uh and and we'll want to see if Gemini can regain leadership versus Anthropic and AI amid uh developments that AI researchers are leaving. And and and when it comes to uh CapEx, uh Google shocked marketing Q1 uh by boosting its full-year uh projection to $180 billion uh to $190 billion. That was roughly double what it spent in 2025. So, I think any sort of upward revisions to uh capital expenditures without uh upward revisions in revenue guidance uh might spook investors on this earnings call. >> Yeah, it's uh strictly for Google, you want to see the strong earnings, the strong growth. They want to see the AI monetization or that path, how that's all doing. A lot of things going on. Uh you know, on the CapEx, it's like on the one hand, they stronger CapEx would be a sign of confidence that there will be monetization. I mean, but will investors want that or not? I don't know. I mean, they could say like, "I don't know. I just don't see the payoff." If But if they see it, then they'll be like, "Yeah, okay, great." So, higher CapEx could go either way in terms of how investors feel for it, in terms of Google investors. For other investors, yeah. Uh if you're in all those chip you know, like chip names, the GE Vernovas and all that, you want to hear about how Google is spending money hand over fist uh even higher uh on the but they too want to see some monetization because it's like, "Okay, let's say Google raises its CapEx target and again, but they're just not seeing a payoff, you could even even though it seems like good news for all these suppliers in the ecosystem, you could imagine how investors might take it. And again, investors just in the AI space are in a negative mood. How investors It's not just the earnings, it's not just all the new say they stuff they say, it's how investors were taking because you can spin a tail. Oh, they're spending tons of money, but that's going to end. I mean, it's almost you can say I mean, it's you can spin it however you want. Right now, people are bearish on AI, uh but really important name cuz this is the first of the hyperscalers uh that you know, the the other ones will come out probably the following week, but really really important. >> No, really important and and add probably one of the better looking charts here in terms of the mega caps. Uh it's in consolidation with a 408.61 buy point. Uh as you mentioned, uh a lot of these AI plays uh trying to hold at the 50-day line. Uh also kind of uh we saw this pullback here through June, but kind of coming back to levels where it previously gapped up back in May. Um so, again, what are your thoughts here with Google? It could be potentially actionable here ahead of earnings. I you know, we always like to kind of look for those early entries, especially in these bases. Uh but with AI trade maybe out of favor right now, uh what are your thoughts? >> Well, the mega caps have come on. I mean, they you know, certainly in the last couple weeks, this has bounced when the AI hardware names have really sold off. Uh so, um you know, we'll have to see if it gets decisively above the 50-day line, maybe above the high from about a month ago. I could see that as an early entry on earnings. Uh you know, in addition to that, you know, if you look at a weekly chart, you know, there's other names that are sort of There's some other mega caps that look like this, but Google went on a nice run in 2025, you know, a really good run, and then it paused and went up again. And yeah, it sort of paused here, but the RS line had a good run. So, where the other mega caps that sort of looked the same on a daily chart, they didn't have their prior run. So, this one looks better. That strength in there, I think people generally think Gemini has been doing reasonably well, though they lost key execs or key members to some other teams like Open AI. So, that's that's a that's a question there. There's just a lot of things out there, but yeah, I think this one is the best looking of the mega caps. Uh I mean, you know, maybe Apple's stronger, which isn't doing that, but Google's probably the best position in terms of something you could buy. But yeah, I have to see how it how it does well. Uh and if it has to have a strong earnings reaction. >> And anything else jumping out to you in terms of the fundamental picture here? >> Uh you know, again, it's this is a solid performer, and it probably needs to take breaks every once in a while. It's just not going at that leaps and bounds. Uh you know, again, we need to see monetization cuz next year the growth is not seen as very strong. I think it's cuz they're spending so much money. Well, that's somewhat coming out, but that's coming out of their cash flow. So, again, you know, they're the cash and I I always forget that cap ex is not going out of the technically out of earnings, but you make the money, then you immediately spend it. Uh I think people need to see growth and need to see that growth forward. I mean, I don't know if we'll see any sense from commentary about what the future is like, but need to see that that can keep on going cuz you can't keep on increasing your spending budget if uh they're going to start going cash flow negative. Uh you know, and you know, because they're spending so much money, if they can't grow their earnings enough to generate the cash. >> All right, Ed. Well, let's move on to Tesla, which is also due on Wednesday, July 22nd. Uh the EV maker turned AI play is expected to see Q2 earnings up 30% to 52 cents per share. Meanwhile, revenue is expected to rise 16% to $25.99 billion. And here's why we're watching Tesla. Uh, the focus will remain on self-driving and robotics. Uh, Tesla had a really strong Q2 deliveries and that'll pay off on the bottom line. Uh, but the vast majority of the company's valuation is wrapped up in self-driving and robotics. In terms of capital expenditures, uh, the numbers there are supposed to be more than double. Uh, that will push cash flow negative. Uh, but Tesla has been promising this big surge in CapEx for a long time, Ed. And again, I want to go back to, uh, those Q2 delivery numbers. I think Wall Street was shocked uh, by the surge there. Uh, I think for investors they're going to want to see if the margins can stay above that 15% level. Um, if not, I think investors will think Tesla is maybe sacrificing uh, some profitability to maintain, uh, this delivery crown. Um, so I guess, do you see the earnings right now? You know, is Tesla still a technology disrupter or is it just behaving more like a traditional car maker at this point? >> Oh, well, I mean, the stock is completely divorced from all that. I mean, that which is fine, but the earnings the earnings are so going to be solid. Now, actually the the you know, the the numbers you gave, the whisper numbers are higher. There's like the more recent analysts are higher because well, it makes sense cuz the again, the deliveries were really strong. They were. And they were probably strong in the US because we sort of know what China's like. We sort of know what Europe's like. And so when there's a big surprise the upside or downside, it's probably the US. And the margins are probably pretty good in the US. It's hard to know, I mean, so uh, we'll want to know about Tesla energy, too. Did that bounce back? Uh, that's sort of the growing that has been the growing part. It was really disappointing in Q1, but was that just sort of weird lumpy stuff? I mean, storage, you do things out there. So that'll be important. Yeah, the CapEx. I mean cuz now they're doing these huge promises about this and that, but it costs a lot of money what they're talking about. And then when all said and done, they just haven't really spent it. So we'll see. Uh and will people react well or not to that? There was also the Terra fab that they're doing with SpaceX, which hasn't even been included in their CapEx plans. But yeah, uh the earnings look are pretty good. That's positive, but it just I don't know if it can move the needle. I mean the stock did not react really well to the delivery numbers. And they just didn't. I mean it's like and they were good numbers. I mean you know Uh so yeah, that's that's an issue. You have to talk about robo-taxis. What are they going to say there? What are they going to say about things? I mean they've slowly expanded, but the number of cars is really low. They're just, you know, and robots, what do they say? Well, and what will they say to move the needle? It's again, it's sort of like I talked about how people's our views are all negative. If you have a negative, if you want to think positively about what Musk says, you can find reasons to do that. If you want to find reason to be negative, you can always find reasons. So if investors are in a grumpy mood about with in general or in Tesla specifically, they can sell it off. If they say, "Hooray, I see a bright future." you know, that that I so I don't know what Musk will say that would be fundamentally different from what he said in the last few quarters. But we'll see. It's always exciting. >> Yeah, no. And and let's not forget there's all this chatter with uh the recent SpaceX IPO that that Tesla will eventually merge with that company maybe in the next year. We don't know. Uh >> There's always that stuff, you're right. >> There's always that hope, Ed. But uh technically speaking, looking at the chart, uh you know, Tesla has been in this downtrend as you said it didn't seem like delivery numbers really moved the needle. It's in a consolidation with a 498.83 buy point. But it's trading below the 200 and the 50-day lines here. So again, your thoughts here. It really seems like it's trying to find its footing. Uh maybe this 432 level is the one to watch. Um Um, as earnings come up, but what are your thoughts here with the chart and what are you looking at? >> Yeah, it would need some work. If it just bolted up to 432, that would be a big, big move. And this has been a market where you see things kind of a one-day move on earnings, but could it sustain it? I don't know. But I yeah, I think you could probably draw a trend line from that 498 and, you know, there, you know, and sort of get that level. And then there's the other level, 453, which you could sort of view as a consolidation within the consolidation. And then if you scrunched the chart in terms of time, you can see that all of this is sort of like, I mean, it did get a new high, but this has been going on for, you know, a year and a half. It hasn't really made any progress. Um, and the RS line has been sort of weak. Yeah, it's just not It's just not good. I think you'd need it to get back up. I'd like it to get 430, 450, maybe then pause, and then move out. I mean, so I think it needs a lot of work. I you know, you can always do it wherever, but I think Tesla investors have to know, there have been times when they can go on great runs. Or at least good short-term runs. But there's been other times to avoid it. And right now, it just doesn't seem to be in position. >> Yeah, and I'm just switching to the weekly here just to highlight your point. Um, stock hasn't really gone much of anywhere over the last year and a half. So even if it does make a I mean, odds of it making a significant move, probably not in the stock's character right now. >> Yeah, and look, I mean, EV sales have gotten a boost from the higher gas prices, I guess, and for whatever reason, they've gotten a boost. Uh, but so maybe profits rise this year, but you can see that earnings line it was falling for years. And so maybe we get a small gain, but again, the stock isn't wrapped up in that. You know, it just isn't really It isn't really connected to it. It's held up It held up when you think about how much the earnings have fallen for such a highly valued company, and the stock held up. I mean, ultimately, it's not far from ice, but at the same time, what can lift it? You can't really if if you know, so it's really not about the fundamentals, you know, it really is about the story and it's you know, so that's what we need to that's what we need to see and we have to see if investors are buying it this time or selling it. I don't know. >> All right. Well, those are some of the top names on our radar, but there's more, of course. Let's start with Intel, which is due on July 23rd and I'll switch to the daily here. This one we've seen a lot of chip names pulling back recently. This one has fallen hard, broke below the 50-day line back here on July 7th. It's continuing to fall. So thoughts here, this was looking pretty good, but you know, it's been on a good run. Um So what what are you looking for? >> It's gone on a huge run. It's now selling off the lot of stocks are like this. It's undercutting even the lows from a couple months ago, you know, so this is the lowest in a while. Still up a lot. It could go up a lot further. There's no real support level. That's that was sort of like the support level. It's breaking through you know, it could fall all the way to through the 200-day line. I don't know. I mean, that's depending on how the market is. Uh the earnings have been strong. I mean, the government support has been helpful. Nvidia coming in and all, but that was sort of like it probably wouldn't have really helped except for there was such a demand for chips. There's such a need for chips that one Intel is now selling those basic CPUs for so much more because they become an AI player. So all of a sudden finally somebody wants their chips and people are finally willing to give it a try on a foundry cuz they can't find any place to make their chips. Taiwan Semi and Samsung are trying to expand, but they can't build enough. So Intel, it's sort of like you're you're you know, again, it's like labor markets. The lower-skilled workers in a really strong jobs market finally get a chance to go up the ladder, you know, because people are willing to give them a chance and Intel, which has been struggling in the foundry business, well, people are willing to give them a chance. Uh but So, those are all positive on the fundamentals, but it's gone on an enormous run on that. And it this one is just not looking good right now. Again, nothing really special about that. This is just what AI stocks are looking like right now. >> And how about another semi name, uh MaxLinear, due on July 23rd? Uh another one here at had this really nice gap up last earnings, had a really nice run up, uh but it has pulled back sharply, breaking below the 50-day line as well. Um so, thoughts here? >> Really violent action and uh pretty much the same stuff. You know, see strong earnings, amazing earnings. It should be strong. It's just a question is of, you know, all these things are going to be guidance, but it's also going to be even then uh if it's not, you know, if it's weak, it's going to be terrible, of course, but even if it's strong, is it the kind of market, especially if Google doesn't wow or something? We're sort of at the mercy of uh market wise, if AI is out of AI AI is out of favor. Needs to do a lot of repair work. >> Yeah, and how about we look at some names, uh Northrop Grumman, uh reporting on July 21st here. Uh this one's been in a very long downtrend, uh trading below uh the key moving averages. Uh but what's important with defense names reporting? >> They're just not doing well. I mean, they need to do a repair work. I mean, they just haven't We're not seeing a lot of growth uh out of that. It's that they made a move a few months ago, but then it fell apart. And look, that break of the 50-day line several months ago, that was a signal that, you know, it's like to be getting out. And it rallied weekly and then broke hard from there. Now, it's below the trend line. These are just not names that are doing well. They're just not doing well. >> Yeah, I mean, let's look at RTX, uh earnings due on July 23rd. Uh this one holding up a little bit better in a cup with handle base with a 203.94 pivot. Um But again, thoughts here. And uh you know, we've seen this boost in defense spending but not sure if it's translating yet to the charts. >> Yeah, we're not really seeing the boost yet. Um and and RTX is probably doing better because it has a lot of civilian stuff. They make Pratt & Whitney engines. They compete with GE Aerospace in that regard. So, that's so that's sort of half and half or or more civilian, so that's been doing better. And their growth rates are probably a little better, so that's why it's holding up, but it's not doing well at the same time. >> Yeah, and we'll just take a look at one more uh Lockheed Martin, again in a downtrend. Um trading below the 50-day line. Uh looks like it's fighting to retake that moving average. Uh but any final thoughts? >> Yeah, nothing really uh looks the same as that first one, Northrop. >> All right. Well, how about we look at some transportation plays with uh CSX Corp? Uh earnings there on July 22nd. Uh much better chart action here. Uh we see uh this nice uptrend uh almost getting to a point where it's extended here um from the 50-day line. Um but yeah, your thoughts here? Uh maybe having to wait for this to set up again before it's actionable? >> Yeah, the train has left the station um for this one. Uh it broke out then, you know, it gapped up on earnings. Would have been tough. There were some maybe some opportunities to get into it on the last after the last earnings report or a few weeks after that, but since then it's taken off. It needs to set up again, but we're seeing this with a lot of transportation stocks. They are doing well. So, um we saw some, you know, trucking and so this this was an important report, UNP. I think also reports. Uh and it's the same the same thing. This one took a little longer to really move after the last earnings report, but it's finally gone. Good sign for the economy. It's a good sign for the real economy out there, but uh not really a place to buy. >> Yeah, I was going to say, what does it mean when we're talking about Union Pacific Rail uh here? Uh let's look at United Rentals earnings there on July 23rd. Another uh good-looking chart and I have this nice gap up end of May early June. It's trying to hold at the 21-day line here. So maybe an opportunity to see if it rebounds here to add on or what are you looking at? >> Yeah, I think this one's been doing pretty well here. I mean, I don't know how much AI exposure it really has. I'm sure it has some because you borrow and it's used for certain things, but it's holding the 50-day line. I think on the on a weekly chart there's been some tight action. So anyway, you know, this one's a relatively graceful decline to the 10-week line. So you could balance and you could break trend line. So yeah, I think on earnings this one could be in a buying opportunity. It hasn't made a lot of progress over the last couple of years. You know, that's the thing it's gone sideways, which probably reflects the fact it doesn't have a lot of AI exposure. Cuz some of the a lot of construction firms have made big moves. This one really hasn't. Uh which right in the very short term is a positive. So there was a buying opportunity. Um but yeah, so we'll just have to have to see. It hasn't been a real winner over the past couple of years. >> All right, well, let's switch gears. Let's go to American Express earnings there on July 24th. This one in a cup base with a 387.49 buy point. Recently got above this 200-day line here at a nice little uptrend. But talk to me here. This was a very uh kind of lopsided juicy cup so to speak the thoughts here with American Express. >> Yeah, I think a lot of real gaps, you know, and it's surprising how this one didn't do better since it appeals to affluent consumers who been honestly in pretty good shape. But the stock but payment stocks are on the rise. There seem to be the you know, so it'll be nice to see this for payment stocks. But this one doesn't look like one of the leaders right now. It's moving up I'd but I'd like a handle. It's sort of like I didn't like a real place to enter it. Now it's sort of above the 200-day line. The RS line is sort of lagging. It's not doesn't really feel like a leader. Where some others are extended or have been breaking out this this week. So we'll we'll see. Uh I mean, it's one to watch. Uh but it it it doesn't seem it's not really high in the list given its chart and how it how its peers are performing. >> Now let's look at Interactive Brokers. Maybe this one's better. I do own July 21st. Uh again, uh it's testing the 21-day line right here. Uh it's uh see this downside reversal on trading on July 16th. Uh but you know, near recent highs uh around the 97 level. So what are you looking at here? >> Yeah, this one a lot of the brokerages and some of the financials that were doing well got hit on July 16th for whatever reason. Uh but I think this one is sort of setting up. Um if you look on a weekly chart, it's sort of been hugging the 10-week line. Now it's back to that. So it's sort of a short consolidation, sort of a shelf over prior base kind of thing. So I I suppose if it got above, you know, this week's high or got above that or got it got to new highs, that could be actionable following earnings. It needs to do that. Um but you know, this one has been a strong performer. Uh just solid growth out there. There are there's a lot of things out there, a lot of trading. Uh I think they've gotten into prediction markets, other things. So there's some growth opportunities. Uh but it's volatile. I mean, that's the thing is that even these names that are holding up and this one doesn't have a particularly high ATR. The ATR is a little under 4%, but you can have these days and these moves. So even when even if ultimately goes in there, it's one thing to have a life's, you know, like a waterbed kind of oh, it's up and down. It's another thing to have like whoa, I'm on a boat, you know, and I'm feeling a little nauseous. You may be level ultimately, but it it be it can make buys tricky cuz you could have argued yesterday, "Aha, it's poking out." You know, the previous day, "It's poking out. Here we go." I mean, I you know, the earnings made it nervous, but then whamp. And there were a lot of names like that that did well on July 15th and then struggled on July 16th. >> All right, so we'll be looking at the 93 or 97 level there at How about we go to Anova International? This has been doing really well. We see this monster run from this breakout back here on June 9th. Really surged above the profit taking zone here. Um Yeah, it's a little bit off highs. Looks like this 240 level is a level of recent resistance right here. But what are your thoughts here? This one is looking pretty good. >> This is one of the first payment type stocks. And this is like small consumer loans. I mean, sort of sort of in the payments area. This one made on a huge run. And all those ants are use often a reason like, "Well, watch out for a pullback." Which is has happened. Sometimes the pullback can be modest. So maybe the pullback has happened. But you definitely want to be watching for the next base. So I don't know. I mean, if it's gapped up, you know, it's it's the 50-day line is has a lot of work to catch up. Even the 21-day line still is a ways off, especially if it gapped up on earnings next week. So I don't know how much On a weekly though, it could have a three weeks tight. We'll see what the end with the week ends up being. It's right around the edge of being able to do that. Or three weeks or and and it almost had a three weeks already. So it's been trading pretty tightly, which is just great action. I mean, I love the action given the volatility in the market and the run. It could have pulled back a lot more. But yeah, I maybe you would want to wait you know, that seems more like an add-on buy opportunity. Um but be great if this one could base for a little longer. Let the 21-day line catch up. Maybe let the 10-week 50-day line close the gap somewhat on this name, but yeah, definitely definitely a lot of strength here. >> All right, definitely one to watch. Let's wrap with a look at Charles Schwab earnings there also on July 21st and I'll switch back to the daily. This one had a again trying looks like it's trying to find um some consolidation here after this nice gap up above the 200-day line, but another one that fell pretty hard from highs Ed. It broke the 50-day line back here in early February, but thoughts here with Schwab. >> Yeah, I like the fact that it got above, you know, some some highs in the middle of the base like 93 and then there was the prior base that was 98. So it's gotten above some levels. You know, not 93 was like, but then the high right there like the 100 level. That's really what I'm talking about. So it's above some levels that you'd wanted to get above. It does feel like it's gone up a long way in a short time and the base looks really messy. I'd love this to tighten up for a while, but it's not going to have time. You know, Schwab earnings and Interactive Broker earnings will move this. It'd be great if it formed a handle. Is something to be buyable possibly? It just seems wide and loose. Sometimes when there's wide and loose bases, sometimes I let them go and maybe it then forms a tighter base next to or just above that base and then I say, "Aha, I want to buy it." You know, assuming that all happens. So I I'm not really enthused by the look of this base, but if nothing else it's showing some strength in in this sector at the very least it's a positive like say if Interactive Broker set up. It's nice to see this one moving up as well. >> All right, Ed. Well, thanks so much for your insights today. We appreciate it. >> Thank you. >> And that wraps it up for this episode of Earnings Sheet Sheet. If you want more market analysis, be sure to tune in to Stock Market Today. That goes live after the closing bell. Thanks so much for watching and we'll see you right back here next week.