Tom Lee and Josh Brown Just Dropped Their September Market Outlook! (08/27) + Stock Market Analysis

Blue cloud trading through the night. >> Welcome back to the channel everyone. In just a second, I'm going to play a few CNBC clips for today's episode of the halftime report. I'm going to pull up the charts and dive into the technicals of some of the mentioned stocks. We're going to look at the key support, resistance levels, momentum, and see if the price action actually backs up what the talking heads are saying. Hit that like button, subscribe if you haven't already, and let's roll the tape on the first clip. >> All right, guys. Thanks so much. Welcome to the halftime report. I'm Scott Wapner. Front and center this hour. Nvidia's mega moment. The stock is surging post earnings. You all know that. We'll discuss and debate now what it means for the AI trade and the markets. Joining me for the hour, Josh Brown, Malcolm Ethridge, Jason Snipe, and Brian Bellski. We're green across the board. sort of figured that would be the case, but there are some interesting market moves that we're going to get to as much for things that aren't moving on the back of what Nvidia delivered. So, the number that jumps out to everybody is the 70% guide for revenue growth in 2028. The street was at 44. Why? Because it's kind of hard to see out to 2028, but Nvidia is attempting to do that. Uh, it usually never goes out that far for obvious reasons, right? It's a tricky proposition to try and do. The suggestion is that it would have been even higher if not for supply constraints. Gross margins were in line. That was a question too. Our question is not so much about the print. Everybody knows it was amazing. But what does it mean now for the stock? Down eight of nine days going in. It's having a nice move now. 16 target hikes. Ray J, they go to 515. That looks to me to be the highest on the street. They were at 352 because they were blown out of the water by what they got. Strong buy. They say a trillion dollar in sales by 29 seems possible. So everybody owns it. Josh, we'll we'll start with you. What do you make of what we got and what the stock's doing now? >> Okay. So, a couple things jumped out at me. We'll start with what you just said, which I think was really um interesting. Jensen said they have never forecasted out a year in advance, but they have more visibility now. Why do they all of a sudden have more visibility? It's an installed base that is so gigantic relative to what we were talking about 2 to 3 years ago. We know not only what uh the amount of data centers all over the world that um are starting out with Nvidia GPUs, but what the replacement cycle will look like as Nvidia upgrades, which they're doing on a ridiculously rapid cycle. And these chips don't last forever, especially if you're using them for training burn out really fast. the amount of inference that's happening. It's it's not like all right, we built the data center, we bought uh 200 uh we bought 200 black wells, we're good for forever. We we think maybe you're good for 3 years, four years. So that's where that visibility is coming from. I thought it was key. Two other words that uh are the most important words out of all of the remarks that I heard. One of them is visibility, but the other one is fungeability. And this is really critical. One of the knocks on the stock over the last year or one of the overhangs was this idea of competition coming from application specific integrated circuits coming from all of their competitors doing different things getting by with TPUs with tranium etc etc. They announced a massive deal with Amazon making it very clear that the GPU will always be central to that particular hyperscaler and they talked about um the non hyperscaler revenue the ACIE every model every region runs on Nvidia they can do compute rent they can do sovereign clouds they can do the AI labs the neo clouds the fungeability of Nvidia compute the platform itself is the the the primary thing here and I thought that that was a really interesting thing for Colette to focus on and then for Jensen to double down on during the Q&A. >> Malcolm, your your take on what you think this now means for the stock itself. >> Yeah, one of the things I was looking for I told you yesterday when I was on closing bail that I was looking for was val proof that Nvidia has figured out a way to become less reliant on Meta and Microsoft, its two biggest customers by a long shot. And Josh mentioned for a second the non-hypers scale revenue. I think that was an important point because they just started breaking that out as a separate metric three earnings periods ago and they already have shown that they've taken that number down from 59% to 55% which doesn't sound material until you consider this is a $5 trillion company. So every 1 percentage move matters and so I think it says something to the street that we have figured out a way to sell our chips to whoever is available to buy them. Not only that, they've also been investing for years now in growing their next customer to come and unseat those hyperscalers. And I think we're seeing that that's finally starting to pay off. >> I feel like when we had this conversation yesterday that you had a reasonable amount of skepticism in your voice and in your head in terms of believing that they could accomplish what you think they may have actually accomplished last night. Is that fair? >> It's fair except it's not that I didn't think they could accomplish it. I didn't think they would accomplish it this fast. So, them being able to decouple themselves from those two core customers goes a very long way. There's another piece that I've been tracking uh from Nvidia since before I was even a shareholder, which is the level of their receivables versus their inventory. And over the last four quarters, that number started to shift from that 2:1 ratio that it was that has been dominant in this streak they've been on for the last 3 years that made me really like their standing. it started to disappear this last period. They just reported numbers that show that it's back. So, we're talking about something like $63 billion in receivables versus $31 billion in inventory. So, once again, this company is all sold out for the next 12 months. That again gives me more confidence in the company's ability to deliver and not be so relying on just two companies. >> Okay, so let's leave that chart up. Put that guys back up before me, please. So, Snipes, um, do you think this is now finally that moment where we see a considerable stair step up like we have in prior instances on that chart after going sideways here for a bit to give this stock that next meaningful leg higher? >> I do. I do. And it's a lot of what Malcolm and Josh just mentioned. They have strategically widened the tent, right? Right. So if we think about the hyperscalers which are the most profitable companies in the world that business grew 13% sequentially 102% year-over-year but if you think about neocloud sovereign enterprise those companies grew 25% and 138% respectively they're growing twice as fast I know it's a much smaller segment but when you when you widen the tent in the manner in which they are this is the opportunity this is where all the chickens come to roost and this is the opportunity and inflection point I um for Nvidia. So, I like what's happening here. I also think about uh what's going on with private equity, the $500 billion investment that obviously Jensen architected, which become makes semiconductors an investable asset, right? Financing becomes far more um available, which I think is just going to grow the space even more for the entire ecosystem. So, I like what's happening here. >> Okay. I want to address the issue of returning cash. Okay. I thought Josh used two words that perfectly set us up for that part of the conversation. Installed base. Can you now look at Nvidia as having the most important, durable, meaningful installed base like Apple has on the consumer side, Nvidia now has on the enterprise side. And will that mean that this company will think about an Apple like buyback? Maybe not this time because they didn't do a shock and awe buyback decision, but they may very well think about doing that in the quarters ahead. To which Jensen Wong said to Jim Kramer last night on MAD, he does expect buybacks to go up. He said the stock was quote a tremendous opportunity. How would you entertain the idea of an installed base and then returning more cash to shareholders in another Appleike moment? I'm going to use what Malcolm said because he said it first and I've, you know, I'm going to copy him. Uh, like we said yesterday on closing bell, you hinted about this when you started talking about Apple yesterday. If you take a look at how you run a business, what Jensen has done, like Apple's done, they've created the annuity, you have the base of business. You look at that chart, it is a fantastic, amazing long-term chart. Josh is a better chartist than I am. talk about the stairstep pattern of that of the price increases number one. Number two, I talked about it yesterday. Consistency, I'll add that from the visibility and fungeability. The consistency of this company is amazing. Now, they've created the base and he if you saw the way the stock was trading um uh right after the earnings came out down, right, we'll sell the news. And then all of a sudden he started to talk and he and he re-examined and reput his consistency not only from a deliverable of the product, from the earnings, from the gross margins, but now Scott, he has already told you that they're going to be a consistent buyer of their shares. For us, a long-term shareholder and a long-term investor, we really like that. It's not like Apple is the only maker of mobile devices. They have just assembled an installed bases that I think is inarguably the most powerful installed base in the history of consumer products ever. It's not to say that others aren't trying to compete with Nvidia, but in somebody until somebody comes up with some something better, which doesn't seem like that's likely to happen in the very near future to say the least, then doesn't it have the same installed base effect that Apple has on its customer base that Nvidia I made this argument. So I made this argument 10 years ago before there was consumer AI or large language models because we were we were talking about Nvidia in machine learning at that time. And I've been saying the entire time the secret here is CUDA. And CUDA is has been around almost as long as they've been selling GPUs to the video game industry. CUDA far predates um AI but CUDA is the thing that every professional in the field has standardized on. This is what they've learned. This is what they've been certified with and trained with. And and that software platform is the reason why Nvidia is the default option for um all of this buildout. What makes this real for me? What makes this really notable? Um they did $26 billion in buybacks and dividends in Q2, which sounds like a lot. It would be for any other company we could talk about, but um they have an authorized $99 billion buyback in place already. At any point they want that could go to 200 billion. Let it's just authorized. Doesn't mean they have to do it. Here's what that does. If you're long the stock as a shareholder, whether you're institution or what when you see this thing, inevitably people get bored with it and it trades back down to 211, 212. Yeah, there are people selling the stock, maybe smart people. Nvidia is buying it from you and they're buying it from you at a below market multiple at those prices. So feel free, you think there's something better you can buy, you think there's another company who can give you 70% revenue growth through 2028, give you that level of visibility and you actually believe it, go ahead, buy the stock. I don't know of any other. Who else can tell you here's our forecast. We think it's locked in already with the sales contracts we have. It's 70% plus. We're still ahead of everybody in the game. And by the way, if you don't believe us, no problem. We'll take that stock off your hands. Apple did that for 12 years. >> Multiple rose from 12 times earnings, 10 times x cash all the way up to where wherever it is today, 35 times earnings. Apple steadily was able to buy stock and justify it because they thought it was the best place to put cash. That's what I think the shareholders of Nvidia should take away from today in terms of like why stay? Why not just take the 9% pop right now? >> But a share buyback is not the reason to be owning this company. No, >> but it's where the floor comes from. >> Like Apple's not going to grow. No, no offense to anyone at Apple. Apple's not going to grow at nearly the same rate as Nvidia is growing their topline, right? They basically double topline revenue in just one year. Apple's not going to do that. So why do I want them to buy back the shares? I want you to take the $50 billion of free cash flow you're throwing off every year and plow that back into growth somewhere. Like, let's figure out where the next wave is going to come from so that when we're not talking about GPUs anymore 3 years from now, Jensen Wong is still the guy we want to hear from. >> Why are they mutually exclusive? They're not, are they? The best companies in history do both. >> Why can't you do both? >> You can. I'm just making the point that I don't really care about them increasing doubling the share buyback from this point as a shareholder. That's not the primary reason that I want to own Nvidia shares. So when you hear people complaining about it, like people who own Birkshire Hathaway don't own it for the dividend. >> Well, I don't think anybody is suggesting that the number one reason you want to own Nvidia here is to buy a bigger buy. >> I don't think anyone at this desk is suggesting that it's gotten away. >> There's no dividend. There's no dividend at Bergkshire Hathaway. >> I know that's my point. You don't own Berkshire Hathaway because you care about the dividend, but that hasn't stopped them from being able >> So we we gave a list I think over the last couple days. We're thinking about what this report was going to mean, not only for Nvidia itself. And I think we're checking the box at least for a day on what a great report and maybe some intangibles that we didn't anticipate. The 70% number is the reason why the stock's up 9%. Not because of the quarter itself. That just blew everybody out of the water. So, we answer the question at least initially on the the next leg for this stock potentially. Okay. The other question we have, what does it mean for the AI trade in general? I don't what's up with the market reaction today, Jason? I'm I'm kind of surprised. I think on another on any other time you you'd sort of look at the NASDAQ 1.3% gain for the NASDAQ. Okay, fine. But mega caps, >> you know, they're mixed at best. Three of them uh in front of me now are are red. It's not like every chip name in the book is up today on this. AMD's down, Micron's down, Marvel's down. >> They're buying IGV names. I get there by software, but not everything there either, though. We we'll get to that in a minute. But >> why the what I think you can credibly say is a more muted overall reaction within the tech and AI orbit after this. >> No, that's true. I mean, that's true. If you kind of look at the tape and kind of what's going on, you know, but I will counter it and say what is working, right? So, when I think about uh Nvidia is really the AI stock, the bellweather, right? And I I almost I almost look at the downstream effects and think about like AI infrastructure those names eaten other names are working today. Cyber security yes we we heard from Crowd Strike and what a what a unbelievable report there and obviously Palo Alto and all the other names are kind of moving on that report. Um you know I just think that this is something that's going to continue to be digested. What happens with market share? Memory costs are still an issue right there. there they did talk about from a longer term perspective obviously that's kind of the 70% number talks about the the other names outside of hyperscalers but supply chains are still a more shortterm challenge western digital's down some of the other memories are down so um I think it's a bit of digestion on the report but I think in terms of longer term tailwinds it's a it's a positive >> let me submit maybe something else into the courtroom okay the jud judge just going to occasionally just do that. So, I'm I'm just going to take it upon myself to do that. What if the reason is because the debate over data centers is only growing louder and the backlash seems to be growing too. And that is now a formidable push against these stocks, a potential existential threat to these stocks, at least until you get to and through the midterms. If you want some information, Wall Street Journal today, data center disenchantment. 71% of respondents said they would oppose the construction of a data center in their local area. Just 53% said they would oppose a nuclear energy plant. If that's not a statement in and of itself, frankly, I don't know what is. Shapiro in Pennsylvania, Abbott in Texas, Rogers for Senate in Michigan, he came out in support of a one-year moratorum on building new data centers. This is not a red state thing. It's not a blue state thing. It seems to be a growing almost every state thing. Here's Algerf manager Ancher Crawford. She owns so many of these stocks. She was on with me yesterday on Closing Bell. She said she's concerned about the issue. With the midterms coming, this has been a key worry on the entire AI trade that midterms would be almost like a kill the robots kind of moment where now it's like kill the AI moment and um do we actually stop the growth of artificial intelligence in our country which would be really a disaster for for us you know and our country. Okay, so that's Anker Crawford. Sam Alman, open AI, of course, to Time magazine yesterday, quote, "Clearly people hate data centers right now, at least people are pretty negative on AI." I mean, you had Dario Mod of Anthropic talking about the negatives of of AI recently. Is this an existential threat right now? >> No. Um, it'll it'll seem that way and then we'll have the midterms and the midterms will come and go. There'll be a little bit of a reshuffle in the Senate and in Congress and we'll be talking about something else. >> Are these names in the penalty box then until then? >> Not really. I mean, I I don't think that that would be the reason why we're I think what Jason said about supply chains and just the fact that these companies can't even meet all of the the of the existing demand is a bigger reason for why these stocks are in draw downs. Um, I understand that the politics of it, it will get louder. And here's what these moratoriums are about. They're about incumbents um just getting reelected and once they do they'll they'll stop. So >> understand this is not just about politicians. This is about >> people too. >> People are upset. People are upset and people are upset and not without reason and I'm not dismissing it as an issue like should people care about where the clean water is going and uh should people live next door to something that's humming or glowing. I'm not minimizing the problem that people have with the point I'm making is these things will get built. >> You might be surprised with where they end up getting. It could be slower some of these projects longer to come to fruition. >> Isn't that bullish? If they get built more slowly, >> doesn't that just lengthen the cycle and and and and prevent us from having a full-blown chip and photonix bubble? >> I think that's bullish in the rearview mirror. I think to Scott's point, if that is the case, that explains why we've seen $800 billion worth of spending commitments from four companies this year trying to get ahead of the backlash that they know is coming. These companies are not stupid. They know what the public sentiment is. And a lot of these deals that have been done uh in the dark, so to speak, people's towns coming out and saying this was done without us being part of it. They knew that was coming. And so maybe what we're seeing is a pull forward of all of that demand for all of the things that go into the data centers and everything else because they knew November 2026 was when we hit a wall. >> I'm just wondering like give me a Caterpillar for example over give me I don't know a year to date. >> So this is a name that was lumped into a data center or AI play for obvious reasons of what they do. If you're gonna change the equation, bells, you own cat. No. Who owns cat here? Anybody? >> All right. But if you're gonna change, but a lot of you guys own I have it in porter house. I have cat. >> So if you're going to change the equation on the timing of when you think these things are going to be built, do you have to rethink how you feel about names like cat at least over the next handful of months? And if not, why not? >> Why? >> So I think no. I mean, I I I think the backlogs that these companies the the backlogs these companies have um the timing may be somewhat uncertain of which project gets gets built when, but we're talking about literally tens of thousands of projects all over the world on every continent. And I just I really don't think a midterm election is going to change the trajectory meaningfully of this buildout either way. >> I just don't know if the midterms are necessarily the clearing event that some are talking of them to be. We can't agree on anything virtually in this country. Barely that the sky is is blue. But yet you have 71% of respondents here. >> 71% 7 out of 10 people saying not in my backyard. >> They did this with cell tower. They did this with cell towers a generation ago. I was here. I was on Wall Street. I was investing. And I remember hearing the same thing. The public doesn't want cell phone towers. Well, you got them anyway. And life went on and people made money. I it's there there is an issue. We're going to debate it. It's going to get louder. Um and I'm not even telling you that I'm for unlimited build out of data centers anywhere. I just think they're going to get built. >> I think it's the binary action of of Scott. What we thought about we need data centers. So then everyone's going to go buy the data set trade. Then we see the the shiny objects like Micron down pretty big today. Why was it down big today? Because all of a sudden Nvidia threw up the number that it did and maybe we should own Nvidia for the long term. Well, our view on the data center side is is let's just keep it simple. We want to buy the OG utilities because at the end of the day, you still need power, right? So, that's why we like Nextera and First Energy and Southern Corp, because I think in the meantime, those are going to be names that I think are going to be much more consistent. >> I get that, but but that's a great example that you use, utilities. I don't know what utilities historically trade at from a a multiple standpoint, but I can probably bet you that a lot of these are trading ahead of whatever their historical averages are because there's so much excitement about the buildout of data centers and what you're talking about and the the the need for power and what have you. And if I'm telling you that the equation may change, even if it's in the near term, then as an investor, go ahead and justify ahead of a historically lower multiple, and you tell me why these stocks would deserve to trade where they do now. >> Yeah, there's no doubt that the utility sector and the S&P 500 is trading at a at a premium relative to history. But if you take a look at the internal fundamentals, free cash flow is up big time and debt to equity, which is always a big issue with utilities, is coming down. And so that's been very strong longer term for this. And that's why we remain in the names that we've just nailed out. >> All right, let's talk software because we did have a clean sweep last night. Salesforce having its best day since 2020. All right. Uh almost 7 years, actually seven years uh virtually to the day uh on their AI growth, their anthropic investment gain. They raised their guidance. Certainly the pressure comes off a bit. The stock's still down on the year. Nonetheless, you'll take a 20% gain and you'll take what the residual impact here is too. Look at Snowflake and Service Now, for example. Snow's next week. It's up 89% in three months. That's an incredible number. Um Malcolm, you own Service Now, >> right? >> Jason owns Snowflake. >> What do What do you guys think? You own Snowflake. >> Um I I'll just I'll just say quickly, CRM checked every box. If you are an investor worried about AI disruption and you've been sitting in the stock and watching it recover since uh since the lows in June, you're just saying to yourself, please check those boxes. And they did it. They announced Claude Force, which is an AI CRM powered by, you guessed it, a partnership with Anthropic, who everybody wants to be in business with right now. Free cash flow is up 81% year-over-year. Throws that whole narrative out out the window. Um, and the most important thing, new major, not minor, major customer wins and expansions with Booze Allen, Mercedes-Benz, the World Cup, Robin Hood. This these are the boxes people want to check. They check the boxes. >> The stock reacted the way it did because it got too cheap. >> Yeah. And a lot of these names are running. I mean, look at Snowflake. I mean, Snowflake's up 50% year to date, right? It's >> But I just told you 89% in 3 months. >> You got it. You got it. And I mean, on the last print, it was a phenomenal print. EPS was up 68, revenue was up 33%. Revenue 30% is their northstar and they're they're obviously trending above that. Their whole deal is performative data in the cloud and that's what they continue to execute on. That's so that's why I continue. >> You know how cheap this stock was. Uh it's up 20% today. >> The best one day ever since the co um and it's still 17 times forward earnings. >> It's crazy. >> It was 14 going into was 14 going into the report. One thing I'll add to that as far as the trend is concerned >> and then do that and then talk crowd too because crowd's now up 90% year to date after what it did and you got target raises there too. So do that sales force. Let's talk crowd. >> I care a lot more about cyber security because octa octa hit a 52 week high too. So cyber has been big focus today. Go ahead. >> What a great day to be here. I I so the the big thing from a cyber security standpoint is these earnings have proven that identity is everything. So any of the companies out there talking about identify the reason that PaloAlto did the big acquisition that they did of Cyber Arc last year something like $25 billion I think it was it's because these companies have to get bigger in identity because as we're told by Sam Alman and anybody else in that space that eventually there will be far more agents than there are crawling the internet than there are actual humans. You have to have something and someone in place to help make sure that those agents don't go rogue. Otherwise, you get what we've gotten in the last two months with all of these big frontier model makers telling us, "Oops, my bad. It jumped out of its sandbox and went and attacked one of our friends." And so, the way that these companies are going to continue to grow is going to be able to add in additional products and offerings like Crowd Strike, like Octa, and others where we can sit and confidently tell you as the CISO of a company. We can help you identify who's supposed to have access to what and what they're doing with that information. and also dynamically insert ourselves and shut them down the moment they've tapped into something they have no business accessing. There are only going to be four or five of these standalone cyber security companies that can provide that level of confidence when they sit other than maybe Microsoft cuz that's the big gorilla in the room. And I think we're going to see a lot more acquisitions like the one I'm talking about. Octa might be one of the companies that ends up getting acquired very soon because there are very few that can do what they do in the world of identity. >> All right, great stuff. Great start. Coming up, top calls of the day. Josh Brown also has his best stocks in the market coming up. A new name on the list as well. We'll tell you about it after the break. Let's do some calls. Take a look at Blackstone. So, the target goes to 171 from 140. It's reiterated by today at Oppenheimer. So, that's about 20% more or less from here. Jason, you own that. And I thought that it was worthwhile to have a conversation about what's been happening in the private equity space, private credit space, >> after endless endless talk for appropriate reasons, by the way, for months. >> Because over the last month and over the last 3 months, this trade's looked a lot better, hasn't it? >> 100%. A lot of that is due to kind of what's what's going on with software sentiment, right? Good point. We're seeing the >> the price action today. Stocks down close to 7% year to date, but it's up 8% in the last month. Total AUMUum 1.35 trillion. They've got inflows of 263 billion this year. So to your point, Scott, private credit is acting better. Obviously, private equity is looking better. Multi-asset investing is improving and and we already talked about the inflow. So the major investment as well, which we talked about in the in the A block in terms of AI infrastructure, starting to see some yield. So, I like this space like where this is right now, you know, in terms of what the where it is from a price action standpoint. I think it's very investable right now. >> Well, you're Blackstone and Apollo. So, you've got, you know, a couple different things. Do you like Apollo here, too? >> I like Apollo as well. I think it I mean, they trade a little differently, different businesses, but in the obviously in the same space. Um, Apollo as an alt manager, and I like what they're doing with their insurance business and theme, right? So I I think there's there's a lot of positive trajectory around the private equity alt manager space. >> You're Carlilele still, right? >> Yes, I own some Carlilele. I'm not really big into the space. I think it's way so these these these companies and their products used to be um a lot more diversified away from just regular stock market beta, bond market beta than they are these days. I think it's basically all one big trade. Barring a recession, these companies should all do okay. um if we do go into a downturn, stocks will fall. Equity investments in these companies will probably fall worse. So, it's highly proyclical. Uh not as big of a diversifier as it used to be. Uh and it's just I I have better charts on my screen and I have better uses of cash. Um so, I'm not really getting heavily or looking for more names in the space. >> Regions Financial, I wanted to hit that. It got downgraded today. Uh was it buy? It's now at hold. It's Deutsche. It's 34 bucks. They long-term track record solid, right? They have a number of other highlights that they say. However, they wonder what could drive meaningful further upside to either earnings or the stock. You have an answer? >> Yeah, we do. I think it's a great value and dividend growth name. 12 and a half times earnings, three and a half% dividend yield. They've have a very consistent track record of managing their credit. Uh, and they're a regional bank. Thanks, Brian. reg regions financial, but they're in the right region as well. They're in the southeast where from an economic perspective in terms of not only corporate growth, but civic growth. That's a good growth area. So, that's why we like the stock. So, we think that the earnings are probably too low. Should we hit Nike just to show people what the stock is doing now? It's having its worst year since 93. We're looking at being down for five straight years. That's incredible to me. Um, you sold out of it, right? >> Yeah. Was it like a month ago? >> So I was in the stock for like 10 days. >> So Dick Sporting Goods was recent. Stock was down a bunch because of Foot Locker issues on holdings down a bunch after their earnings. >> You're not you're not Nike anymore, are you? >> No, we sold it about 6 months ago. We just didn't see the operating. We were on on the show that day. We were talking about it and uh it's it was it's a broken growth stock. I don't even And from an operational perspective, we just didn't see the turn. Dicks, the the comps on on on foot lock are down 4%. But the biggest problem with Dicks are two things. Number one, how they talked about their guidance and number two, operating margins were down more than 500 basis points from where um they were projecting it. So that lost some credibility. We still like it because of the assets that they own. I think they'll turn it around, but that's clearly now a broken growth story as well. >> So we'll take a break. We will come back with Josh Brown's best stocks in the market. said he did a double take when this name hit the list. >> I did. >> The reveal is next. >> Best stocks in the market from Josh Brown. Why a double take on Airbnb? >> Why? Okay, so Airbnb came public as a very expensive stock and just I have these personal biases with companies and so does everyone else. I would never rent my house out to strangers. I understand it's a good source of income. It's just not that's not for me. >> And I also won't stay in one. And people like, let me get this straight. You'd rather go to a hotel, sleep in a bed that 10 million people have slept in than an Airbnb that maybe had eight guests this year. And I said, you have a point and I still don't care. So I ignored this thing when it came public. And my apathy actually played in my favor. The stock has not done much. Basically, it spent the entire time from its IPO until two days ago building this massive base, just this sideways action. Well, now we have a breakaway gap in the stock. It vaulted the stock onto my list of best stocks names along with its recent earnings report, and it practically demands that I pay attention to what's going on here. There's a huge inflection point. Airbnb is becoming an AI beneficiary stock right before our eyes. They had an unbelievable report the first week of August. Brian Chesy said AI is the best thing to ever happen to Airbnb. You could see it in the numbers. The AI assistant closed 45% of support issues last quarter without a human in the loop. Um support cost per booking is down 16% year-over-year. Ebidom margin is now 35%. Free cash flow hit 1.25 billion in the quarter. The street was not expecting that much of an improvement. So, let's take the technicals. I can't show you candlestick charts here, so you can't see the gap. Just believe me that it exists. The breakaway gap out of a 2 or threeyear base is a very powerful pattern. It means the institutions all of a sudden overnight changed their mind on a name and there was so much urgency to buy that you have this air pocket. The top of that gap is 163. That's your stop gets back into the gap. Have some discipline. Damn it. Come out of the trade. So long as she stays above, you can follow that rising 50-day and I think you'll see the 200 day start to turn up now that we're in a bull market. Let it consolidate. Don't go crazy right this second. Put this name on your screen cuz I think it gets above 200. >> Any takers? >> No. >> Why? >> How many shares can I put you down for, sir? >> 10. Fill or kill? Uh, no. You're in Marriott Hilton Hyatt Expedia. >> I like those stocks better, too. >> Of course you do. Of course you do. Why? Because I know where my coffee. >> We're not We're not We're not millennials, me and you. I don't know if you know this. I don't want to. >> I don't know if >> I know with millennials like I do, but you and I learned that you and I are not millennials. Why Why don't you like this one? >> That's why I'm telling you there's a bias. >> There's a We like a lot better. >> When he said bias, I he had me at hello. But if you think about why I bought Marriott in the first place, the whole travel thing coming out of COVID, but we owned it before that. But the reason why I owned Marriott for so long is because it's the consumer discretionary stock and those stocks are hard to pick. Then you look at Hilton that what they've done now. We've added Hyatt the last few months because I think Hyatt's going to be the next one in terms of the momentum and where earnings are coming from. >> I'm long Mario. I I agree with everything you just said. All of those names that you mentioned are all on my best stocks list. This one just got on. It's going to be even better. >> Hasn't done as So this is important actually. In 2024 and 2025, it was flat or down both years. What did the other travel stocks do in that period of time? Expedia over the last 3 years plus 223%. Um, booking up 166% over the last 3 years. This stock has been flat until now, which is why it's not that I prefer it to Marriott and Hilton. It's a new name worth uh people taking a look at who probably have never looked at it before. >> All right, good stuff. All right, we'll see what this last hour does today. Again, Marll's tonight. That's important. Got a game out the chair, Fed chair tomorrow as well. Uh Kevin Worsh giving his big speech, Jackson Hole. We'll discuss that with the former Cleveland Fed president, Loretta Mester. Adam Parker, I like this debate. Semis versus software. Semis a little squirly today. Software looking pretty good. Stephanie Aliyaga, Bren Talkington. Tom Lee has a call on the market now that Nvidia has reported. He'll tell you what that is coming up later as well. >> Mr. Bellski, what do you got final tradewise? >> I'm going to stay in my hotel room at Marriott. >> Okay. Like that's just it. You're just direct in the hotel like are you making a broader statement? >> I'm making a broader statement. Best in brand name. I think it's the best of what they do and I'm going to continue to stay there. >> Okay. We won't say which one. I, you know, the legion of people outside waiting for you. I think he's the JW judge. >> J Snipes. >> American Express. It's down so far this year, but traveling and entertainment spending remain possible. >> All right, Malcolm >> consolidation coming within cyber security. Bug is the smartest way to play it. >> We got crowd strike. One more quarter like this, I might have to get the ticker tattooed. What a what a to force. >> Yeah. All right, I'll see you for the last hour. >> All right, Brian, thanks so much. Welcome to Closing Bell. I'm Scott Wner live from Post 9 here at the New York Stock Exchange. This make orb breakout begins with the market's peculiar reaction to that amazing Nvidia quarter. Yes, stocks are up, but not in several of the places you'd expect. And we'll follow that over this final stretch. Here's the scorecard with 60 to go in regulation. Yeah, it's a good day. I mean, we're green across the board. It's a super strong day for Nvidia after its guidance just blew away investors. Take a look. The stock up near 8%. So, pretty good there. But now, take a look at several of the other semiconductor names. And it's a mixed picture. Broadcom's good. AMD is red. Micron is too. Take a look at Marll. It reports tonight. That's a closely watched report. I get the stocks up a ton this year, but it's down today. Now look at the mega caps. The same uneven trade. Microsoft green, Apple green, Amazon red. Nothing uneven though about the software trade today as a trio of great earnings reports lights that trade up and in a big way. Huge gains today for Salesforce, Crowd Strike, and Octa. The best day in fact for Salesforce since 2020. It does take us to our talk of the tape where the markets do go from here. We're back now that Nvidia earnings out of the way. What does it mean for stocks of the weeks ahead? Let's welcome in Tom Lee. He is Fund Strat's managing partner, head of research, also a CNBC contributor. It's good to have you back. >> Great to see you. >> I said at the very top of the show, it's kind of peculiar the market reaction to this today. Nvidia is having a great day, but it's kind of mixed elsewhere. What do you make of that? >> Um, I mean, I think it's a healthy market, Scott, because Nvidia had good numbers, so you want um Nvidia to go up on good news, which it did. It's having >> which it rarely does. >> Yeah. And it's rare. So, it's breaking a pattern of people thinking people don't care about the earnings. It really did matter. And I think that we are seeing a positive response in software, which of course is on good numbers. And there and those names are downstream of the AI trade. So I I think it's actually an overall healthy reaction. >> I know, but the the software moves are so specifically related really to what we got from Salesforce and Crowd Strike and Opta Octa and others. I find it interesting that Meta's down, Amazon's down, Alphabet's down, AMD's down, Micron's down, Marll's down, Cororee's down. I wouldn't have expected that after Nvidia delivered what they did. >> Yeah. I mean, it's also possible people were using those names and not having exposure to Nvidia. So they've got to find a source of funding if they have been underweight Nvidia. And again, I've heard it from many guests on CNBC. The thing that stands out is Nvidia's multiple is still very low. So they have got these huge revisions. The stock hasn't kept up. Now the PE keeps contracting. >> Yeah. So where is your overall market take right now? We're not that far from the end of the year, believe it or not. Yeah. >> Are you still looking for a meaningful correction before another ramp up or does this report from Nvidia do something to take that off the table? >> Um, well, I think August is going to still end on a very strong note. So, this week was our thoughts. It was a clearing week. The third of that clearing event is tomorrow with Kevin Walsh, which I think the market should react positively just like last year. The S&P rallied more than 4% right after his speech. And then I think once we get to that 7,900 8,000 on the S&P, I think that's a good pause point because then we think there's midterms uh elections, there's the whole movement in the yields, there's the prosecution of this war that's continuing in the and the oil pressures, and then there's supply and lock. So, I think there's things that the market has to sort of digest along with margin debt, and I think that's going to be this the source of a correction after this month. >> What about the data center debate? Speaking of the midterms, that it's only going to grow louder as you approach election day. Now, we're still a few months away from that. >> Yeah. >> But that feels like it's at play here, too. And why the market and those specific names just haven't traded all that well lately. >> That's right. It's becoming a actually a an issue that resonates with voters and it looks like it's turned already. some elections like in Ohio and then we're seeing governors in Republican states and pro data center states, you know, supporting a pause. So, you're absolutely right, it's become a political issue. I don't know if this is also maybe fueled by China, which wants the US to slow down its AI efforts. But you're right, it's it's becoming an issue, and that's probably why the downstream trades are doing better, the AI downstream trades. >> What What about outside of tech and AI? If you take your lens, you know, in in in that direction, what what do you see that you like? >> Uh, well, we there's still a lot to like because we know it's been a good earning season. Actually, one of the standouts has been small cap. So, I think small caps continue their leadership because they they're in the process of rerating relative to large caps. Uh, we like industrials and financials and I think crypto has a lot of catalysts in the fourth quarter. So, a lot of investors missed the crypto trade. You know, so far in the third quarter, best performing asset is crypto. Ethereum up 54%. If that continues in the fourth quarter, there's going to be a big FOMO rotation into that. >> But see, if you think that yields are going to remain elevated and are a risk to the market in general, certainly on your list of possible risks, >> isn't that a problem for the the small cap trade? >> Uh >> because you see it pretty correlated. >> Yes. >> Rates go up, Russell goes down. Rates go down, Russell goes up. rates are I mean they're up a little bit, Russell's up a little bit. >> Yeah, it's a you know it's there's a little dissection. If if rates are going up because risk premium is going up, then that's bad for small caps. If rates are going up because long-term growth rates repricing higher, that's bullish for small caps cuz that's a good M&A environment. >> Well, it's been great this year. 21% beats everything else. >> Yeah. >> So, good to have you here. Thanks, Tom. >> Great to see you, Scott. >> Hey, everybody. Welcome to BlueCloud Trading. I'm George. It is Thursday. It's August 27th. We just saw Josh Brown, Tom Lee. We're going to take a look at the stocks that they just discussed. Okay, let me just show you a brief little synopsis here of what we will be covering. We'll cover the the SPY, the Q's, the Dow, the Russell 2000s, Euro stocks, VIX, gold, silver, Bitcoin, Ethereum, oil. We will also cover about 29 a mixture of 29 stocks and ETFs that were discussed on the show on both shows actually uh halftime report and closing bell and then uh we've got a couple of members requests. Now there are some stocks that may be in my portfolio. Members of course get access to those videos when I do my video um each weekend. Okay. So, you may want to consider becoming a member if you want to get access to the membersonly videos exclusive just for members. Um, and uh to do that, let me just show you guys very quickly how to do that. You go to my channel here, Blue Cloud Trading, hit the subscribe for this is free, by the way. Hit that subscribe button, hit the notification bell, and uh these videos will pop up on your notifications up here in the future. But if you want to get access to these member only videos that I do each weekend and I what I do it essentially is go over my entire portfolio. I also um basically I do a very thorough analysis of all the sectors all the industries within the sectors. Okay. And then try to drill it down to the strongest stocks. All right. And then I create a watch list of stocks and a watch list of ETFs. I share that with members. I also show the charts to show why I picked those specific stocks and uh I also explain why I added positions and closed out of positions as well. So, it's a little bit more educational than these free daily videos. So, if you want to get access to these, of course, click on join. You would need to select this mid tier though, BlueCloud Trader at a minimum to get access to the exclusive member only strategy videos. And if you want to get daily trade updates on my on the trades that I basically put a post out before the market closes every day and you can get access to that by becoming a bluecloud legend level member and some other perks if you become a bluecloud supporter. It's free right now. Um basically 100% off your first month membership. What you can do is request a stock or an ETF to be analyzed on an upcoming video like the two that I'm about to do in a few minutes. P A R R and MPC. But uh first before we get into those, I just want to show you guys how the markets performed today. Let's take a look at Finn Viz here and we'll look at uh the S&P 500. You can see that it was up.72%. All right, price gapped up and continued up throughout the day. The NASDAQ was the leader. Uh it gapped up continued up 1.57% on the uh of course based on Nvidia's uh performance yesterday. Right. This is the aftermarket right now. It's slightly down.7%. Um, Dow Jones up2% today closed and Russell 2000 closed up 29. Let's take a look at the heat map and see how this is this is what the prices looked like towards uh at the end of the day. It was mainly technology as you can see here that the technology sectors that did really well but um and Tesla was actually up 2.6% 6% as well. But pretty much everything else was slightly down. The majority of stocks uh a lot of money got you know basically came into these areas. Uh and then if I take a look at the after hours performance we can click another button right here. See that aftermarket performance. You can see that the other stocks are now starting to move up and the technology stocks are dropping a little bit. Maybe some profit taking is taking place. Marll by the way they came out with earnings. You can see here it's down 6.83% 83% right now after hours. So, uh, and we'll look at that stock as well. Let's why don't we go ahead and do that. Let's take a look at these stocks. So, we're going to start off with the SPY ETF. I like the SPY, the S&P 500. Um, as you can see here, is up 65%. It's above the tenins. All right. So, it gets a blue flag today because it had it yesterday, too, because after hours the spy jumped, you know, it was up quite a bit. So, um, the spy is looking good. It's good on the daily chart and on the weekly chart. What we're looking for, as I've mentioned before, if you've been following my channel, is we all we need basically is for price, these little Japanese candlesticks here, to be above the green line, which is the nine period, the midpoint of the last nine periods, above the red line, which is the midpoint of the last 26 periods. That's a slower moving average. We want that green line above the red line. We want price to be above this ichimoku cloud that you see right here. That's important. The senko span A and the senko span B is what comprises this um cloud that you see here. It's derived by taking the midpoint of these two moving averages and then projecting that out 26 periods. That's the seno span A and then the slep B line is cons basically taken by um it's it's the last 52 periods. It's the midpoint of the last 52 52 periods. Instead of projecting above or below, it's projected 26 periods into the future. And then the chica span or lagging line is the current price projected 26 periods ago. All right, in a line form, we want to see where that is in relation to the candle 26 periods ago. If the white line is above that candle, all right, that's bullish. If it's under, it's bearish. So it basically once we meet all that criteria all right on both the time frames the daily and the weekly as you can see here we we are experiencing that here with the spy on both time frames it will get a blue flag the Q's also got it all right there there's price above the moving averages uh on the weekly and on the daily it broke above broke above the cloud so the future cloud is bullish as well by the way one more thing I should mention the single span A should be above the synchan B okay the light color blue line needs to be above the purple line. Um, what else? The Dow Jones was up.18% DIA ETF, right? And as you can see here, that also meets all the criteria on the daily and the weekly. FEZ on the weekly chart looking quite bullish on the daily chart. It's currently under Tenkenson, but post market post market. If I click a button up here, bam, you can see it's up 77% after hours. So, I I left the blue flag in there. Okay, for these uh four ETFs, the Russell 2000 on the week on the daily chart is currently, as you can see here, under the the 9 period. So, it does not get a blue flag. It's pretty bullish overall if you look at the the overall structure of this uh trend. And then the weekly chart, same thing, right? Weekly chart is very bullish. But uh again the daily chart is not there yet which is kind of interesting that um that uh Tom Lee was mentioning that how the it's the small caps that are leading and uh that's not really the case at least today right uh and based on the technicals that I'm seeing the VIX as you can see here is 14.51 that's a good uh number that's the volatility index it's dropping we want to see that dropping. We want to see the fear dropping in the markets and that's what that represents. GLD gold up.3% today. So, it moved up, pulled back. We've got a nice bullish little hammer. Okay, see that little candle there? It's got a little kind of a slightly longer wick than the top. And let me show you guys what that looks like on our cheat sheet. We have a cheat sheet, folks. Let me show you. If you go to my X page, so x.combloudtrader, okay, that's the handle. And you scroll down a little bit here, you'll see the candle pattern reference sheet. It's at the top of the page. Um, so what we're looking for is under the bullish single candle patterns, there's the hammer right there. Okay, small little body, long wick after a drop. That's bullish. If you see that same looking candle though after price has moved up, okay, that's called a hanging man. So just keep in mind it's all about the location. Very important. After the drop, you see that it's bullish. After a move up, you see that same candle, it it tends to drop. Same thing applies for a shooting star, a bearish spinning top, or a bullish spinning top. All right? depending on the location. So, gold looks good here on the daily chart, but if we look at the weekly chart, it's still inside the cloud. We don't have double confirmation on both time frames. You can choose to ch to trade this based on the daily time frame. If you choose to do that, recognize that you have a slight disadvantage versus other stocks like these or ETFs. Silver SLV is under the cloud in the weekly. On the daily chart, it is has been moving up quite a bit here since it broke this consolidation box. It's still above the 6037 level. It looks like it's bouncing off that level and above the 9 period, but the 200 day is right there. See that dotted yellow line? It's right above it. So is the cloud. I would hold off on silver, the ETF, but you may still find stocks that are very strong. Okay? But if you do decide to trade this, I would probably switch it to a different time frame and trade that time frame at the 4 hour, for example. You can switch it to a 4 hour, but then you have to keep a really close eye on it. Make sure that it stays intact the trend. As you can see on the 4 hour, for example, it is breaking above that 200 day. All right, let's take a look at the next one. IBIT, Bitcoin, it's uh basically also continuing to move up 1.87%. We had this little uh red spinning top here on Monday of this week and then price dropped slightly, you can see there, and now we got a little gap up. So, it looks like there's going to be a continuation for Bitcoin. Uh, here's the weekly chart also moving up, but still under the cloud and still under this 4668 level. So, personally, I wouldn't be adding that ETF yet. ETH, same situation. It's still, you can see this reversal type candle that's forming here towards the end of the week for Ethereum, and it's still under 24.88. Here's a daily chart. Also, same thing. oil K1. This is the ProShares K1 free crude oil strategy ETF bouncing off that 26 period. Looks like it's going to probably continue to the upside. Might break right above that 9 period and and the cloud tomorrow potentially. We might see that we still have a future bullish cloud. All right, when I zoom out, really important to zoom out so you can see the full picture of the cloud. And then um the Chico span the the problem here is it's still underpriced. Do you see that? So we don't have all of the elements of the indicator confirming. But if we look at the weekly chart, price is above the moving averages. The problem here too is the faster moving average crossed under the slower one. So the free, you know, the K1 free crude oil strategy ETF is not something that I personally would be adding here based on the technicals. I would wait for those things to to come into play. All right. Now, we're going to go over the stocks and ETFs that we discussed on the shows, two shows. Let's start off with Granny Shots. Now, they didn't actually bring this one up, but I thought I would I would add it to the list because it is Tom Lee's ETF um from Funstrat. And so, let's take a look at this. So, here's here it is in the weekly chart. You can see it's been consolidating for for a bit. It's breaking back above that 2802 level. Let me show you the daily chart on this too. That weekly chart uh is based on let me see this trend line is based on See if I can find it. There it is. Let me go ahead and circle it so you can see which uh week I'm talking about. It was I I drew that back during that week there. That red candle July 17th, 2026, that was the high. It dropped came up to that level, right? And what happened? It got rejected. It it closed slightly above it one week, but then there was a wick. You can see that wasn't a really strong breakout. Then it got back under and now it's retesting that 2802. It's a slightly above it right now at 2808. So it's not conclusive yet. And uh the directional movement index actually um confirms that because the ADX is dropping. I mean so there's not enough momentum here yet. Price is moving sideways and so is the the ADX is dropping. The red line is above the green line. I'd hold off on GRNY based on the what I'm seeing here. Even though technically everything looks good on the weekly and it is popping above this level on the daily chart. Now we have another high to contend with and that's a daily level. I'll go ahead and throw that level too. It's 2830. It's based on that candle right there. So just keep that in mind. Um let's see what else, guys. Bug, I like this ETF today. It it popped 10.41%. So you can see the consolidation um in this little tight okay draw down here this little downward channel okay very very tight and what happened bam it gapped up so the cyber security stocks are doing quite well here up 10.41% 41%. And that's the daily chart. Here's the weekly. Okay, we got a ourselves a bullish engulfing pattern right there between those two candles. A bullish engulfing pattern looks like I'll show it to you real quick. It's under double candle patterns. It's this one right here. Okay, small red candle followed by a large bullish candle that engulfs it. Okay, let's keep going. We got snowflake. I like this one, too. So, so these three, it's just three out of 29 have the blue flag. Snowflake is looking good here on the weekly charts, holding up above the moving averages. Here it is on the daily chart, breaking above the 9 period, up 4.29%. I like the directional moving index as well. All right. Now, here's an interesting one. Marll came out with earnings today, August 27th. You can see that it closed at 4 p.m. was down 1.49%. Okay. And the cloud was still bearish. You could see that um you know it was inside the cloud at the time that the market closed. So it wasn't giving us any you know really positive information except it was mostly negative. Now let's take a look and see what's what happened after hours after the earnings because that's when when they came out. You see that big drop? It created a bearish engulfing pattern. That's the opposite. It's when you have a small bullish candle followed by a large red candle that engulfs it. It's under the cloud down 8.76. Yeah, it's still moving. All right, because let's see, let me switch to a fiveminute chart so you can see uh right now, you know, it's it's like 7:35 p.m. and uh price is still moving until 8 8:00 p.m. So, this is what it looked like after hours. It's just a continued drop. Now, as a company, they actually did quite well. Um, I was taking a look at some of the news on this company. Let's take a look at this article here. Let's see right here. Just click on that. This came out at 4:09 p.m. This is what they reported, right? So, it says your analyst uh revenue for the three months ended August 1st was $2.74 billion, up 2.01 01 billions a year earlier. Analysts expected 2.72. So, it was up slightly. Uh maybe that's why it's it just wasn't, you know, really enough uh to to to get the buyers excited. Uh the company expects adjusted EPS of 1.1% plus or minus 5 cents on revenue of 3.15 billion. Uh let's see what other information we got here. says second quarter results rose above Wall Street's estimates amid a surge in data center revenue while the chip designer expects artificial intelligence to drive revenue acceleration through fiscal 2028 data center revenue jumped 46% annually to 2.17 billion while streets view was 2.16 AI related bookings remain exceptionally robust and we expect our revenue growth to accelerate further through the remainder of fiscal 2027. Chief Executive Matt Murphy said in a statement, "Given the strength, we are again raising our revenue outlook for both fiscal 2027 and fiscal 2028 compared with the guidance we provided last quarter. Marll didn't provide an updated outlook for fiscal 2027 and 2028 in its second quarter earnings release. Company projected revenue growth 40 and 45% year-over-year in in fiscal 2027 and 2028, respectively. That was in May. All right. So, yeah, it's it's just not We'll see if you know, maybe it takes a little time for the information to be digested and then we'll see if tomorrow things change a little bit. Um, but right now it's dropping. BMR is Bit Mine immersion. Let's look at this one here. This is uh Okay, hold on one second. Switch it to a weekly chart first. So remember Tom Lee was appointed chairman of this uh company on June 30th of 2025 and uh this company has been moving up. It's moved up from the lows here about 85%. We're talking about since around July of July 2nd. It's moved up quite a bit almost actually maybe 90% or so. It's been moving up significantly. Let's not forget the big drop that it had too, right from that level there to that low. That was a 95% drop or somewhere around there, 90%. So, that was a pretty big drop. Now, it's starting to move back up again. So, it got down to like $13 from like 170 bucks. That's quite a bit. All right, so BMR on the weekly is starting to move up. On the daily chart, it's above the Ichimoku cloud. We're getting a reversal candle today. So, just keep that in mind. If price drops under the low of that candle tomorrow, there's a higher probability it's going to pull back. It's going to probably retest that 200, it's going to retest that 9 period as well. If that happens, if it gets above the high, then you're going to probably see continuation and that would just be a fake um you know, just not a fake signal. Airbnb, Josh Brown brought that up and it uh unfortunately dropped today down 1.95%. It got under the nine period today. It was actually moving up quite nicely. Uh it broke above the moving averages here back in July 27th. You can see here that price dropped, found support of the cloud, popped back above the moving averages. And since that point, you know, it it reached like 34.8% but now it's dropped. Now it's up just 28%. Um but I wouldn't be adding here as it prices started to decline on the daily. Here's the weekly chart, too. And here's a 4 hour. Okay. So, let's look at American Express. That's still inside the Ichimoku cloud. So, not something I would be interested in, right? Um price is uh stuck in the cloud. We don't want to be adding positions there. BKNG booking holdings is under the moving averages. No on BKNG. Oh, by the way, I just want to show you something else, guys. Um did I show you? Yeah, I did. I did show you the after hours for Marvel. Okay. Um, okay. American Express, like I said, we BKNG. Okay, there we go. Booking Holdings, no on BKNG. If we look at the weekly chart, it's uh we still have a bearish cloud. It hasn't maybe it's starting to cross right now, but the daily chart is not confirmed yet, obviously. So, I'd hold off on that. Blackstone is above the moving averages. It's above the cloud on the daily, but if you look at the weekly chart, it's under. So, we don't have confirmation there. We do have a higher high and higher low though on the weekly chart. You can see that right there and that. Okay. So, we're starting to build a a like a bullish channel to the upside and the directional movement index is looking good. Caterpillar on the weekly chart is under the two moving averages but stabilizing, right? So, it's kind of stuck in this little range right here. We'll see if it can rebound and break back above. That's the weekly chart. There's a daily chart under the cloud. No on that one for now. CG is Carlile Group. That's under the 200. It's above the moving averages on the weekly chart. It's under the cloud. So, no on that one. CRM Salesforce had a big day today, up 22.54%. Broke through the cloud. A lot of volume. The cloud itself because it's been declining for so long. It's going to take a little while for that, but you can see the single span A is going straight up. It's going to cross above that single span B pretty soon, I believe. But it hasn't yet. Okay. And if you look at the daily chart, we are certainly looking quite bullish here because price gapped up. Um, but it does not get a blue flag because the weekly chart is still looking not perfect yet. DKS, Dix Sporting Goods, these the last few days started to move back up. Uh, here's a weekly chart. It's not a pretty sight. I'd stay out of that one obviously. DR AM is the Round Hill Memory ETF. That's in between the two moving averages. No, on that on the weekly. On the daily, it's under the cloud. ETN is under the 9 period right now on the daily. And on the weekly, it is under the 9 period as well. EXPE is above 30330. That's good. Looks good here in the weekly chart. On the daily chart though, it dropped 4.35% today. All right. You can see what's going on here. the volume is increasing to the downside. I if you can see that down here see? And so that's not a good sign, but okay, it could be very shortlived. We'll probably maybe even find some support around these lows here or maybe these lows here where the 30380 level is. GEV, GE Vernova is under the cloud, so no on that one. Hiatt Hotels's Corporation is under the cloud. I'd skip that one, too. Okay, it's in the decline. Downward channel. HLT is under the cloud. No on that one. Very simple, very easy, guys. We see where the price is in relation to the cloud and we just decide, okay, it's not its time yet. Let's skip it for now. We'll come back to that in the future. IGV, the software index fund ETF, big day today, up 7.6%. Might this be the change that we were we've been kind of waiting for to see the software stock start to move back up again? Because if you look at this daily chart, it did. I believe it looks like it broke above this high. Yes, it did. The high there was 10806. All right. So, it broke through that high today. Here's the weekly chart. There's that same high right there on the weekly. So, that's a good sign. Oh, we got another high right there, though. Let's throw that level and let's see if we we did not get above that high. So, the high of 11085. Okay, that's a weekly level. We'll color that light blue to represent the weekly channel, I mean weekly uh chart and weekly resistance level. So, again, it's kind of stuck in between these two moving these two uh trend lines. I would wait for the breakout above the 11085, but uh it's starting to look pretty bullish. Let's see what And you can see the cloud is about to to to turn bullish here, too. Once that happens, we're going to have a blue flag in no time. So, let's see if there we'll see continuation. So, definitely put this one on your on your watch list. I would keep an eye on IGV. It's looking good. Look at that volume. Twice the volume, maybe three times the volume from the prior day. All right, above that 50-day moving average. M Marriott is under the cloud, so I'd skip that. Nike has been under the cloud and dropping down41. No, no on that one. Uh PWR is under the cloud. No on Quant Services. RF is on inside the cloud. Regions Financial Corporation, no on that one. SMH, the semiconductor ETF, is still inside this channel, guys. Still inside this channel. This is a weekly channel. So you can see the low here. All right. And how price has been kind of getting stuck. Let me just move let me fix that. I want to make sure it's right on those lines so you can see it perfectly. And see how it's staying right under that level. Okay. And there we go. Right there. So I would hold off on SMH for the time being. I mean look at it. It's under the cloud. VRT is under the cloud. That's Verive. No on that one. WDC is under the cloud and still dropping. Lower highs, lower lows. That's what that represents. Typically, when you see a price price under the cloud, it tends to be in a decline. It tends to be in a downtrend. See that? That high. See how this one is lower. All right. Now, we are building what's called a double bottom down here. This could turn into something. You could even argue it's a triple bottom. Okay. So WDC might start to come out of this, but until it shows that I' I'd skip it. XLI is inside the cloud. XLU is under. So no on those two. Now we're going to take a look at our members request. P A R this one. Okay. P A R. Let me first let me show you the weekly chart. Weekly chart. Very bullish, right? This is PAR Pacific Holdings. It's in the energy sector, oil and gas, refining and marketing. All right, as you can see here, it's one of the stocks, of course, that I've talked about with members and uh in my member only videos, and this one is a good one. Now, the the thing is on the daily chart, it was you can see here we've had a little bit of uh a slowdown. There's a little consolidation taking place, but if I click that magic button at the top here, it's going to show us the post market. What's going on? It's actually getting above 99 period after hours. Let me show you the five minute chart. This is what it's looking like after hours here. As you can see, 4 p.m. 5:00 p.m. 6 p.m. There's not a lot of uh there's not a whole lot of um volume obviously, right? There's not a lot of participation. There's not a lot of trading. That's why you see all this the candles all messy here. But um maybe switching it to a 30 minute doesn't really change anything. Bottom line is on the daily chart after hours it's up 3.15%. All right. And uh right but it did close up 1.71. I think this has a good chance of moving up. MPC. All right. This is a stock that I've also had in the recent uh recently that I closed out of back on August 14th. It's been moving sideways since then. All right. It didn't actually drop um it did drop a little bit under it. yesterday actually onto that the low of that candle. But as you can see, it's been consolidating and it's staying under 36760. That's the level I'd be watching the high of these candles. And if we look at the weekly chart, all right, you can see that right there. So, it looks like it's wanting to break through. Two days in a row. Now, we're above the 9 period. The volume is increasing, but the momentum, as you can see, the ADX is moving down still, which means that it's just it's still consolidating. It's not the momentum is not increasing quite yet. All right. If we have a update for the energy stocks, guess what? This is going to probably pop right through that line like butter. So, all right, guys. Guess what? That finishes this video. Another video done. If you like what you're seeing, if you want to support this channel, don't forget to like, don't forget to subscribe so I can keep bringing these videos to you. That's what motivates me. Um, I enjoy what I'm doing here. We've done over 500 videos on this channel, 32,000 plus subscribers. And uh remember, if you want to get access to those um videos, the member only videos, click the join button, hit Blue Cloud Trader or BlueCloud Legend level. You'll also be able to see those videos under BlueCloud Legend as well, by the way. Uh you'll get extra um perks under BlueCloud Legend. So, and then one more thing under 10 more links, guys, click right here, right above those two sections. If you like the software that I'm using, it's called TC2000. There's a $25 coupon for it and you can try it out for free for a month with that link. If you click on that link right there, it will bring you to this page. You enter your email. Here's the pricing, software plans, and data. Switch it to over here to monthly so you can see what we're talking about. basic $24.99. So that coupon goes right towards it and you can you can try out the basic for free. I would recommend premium. It's got more features. Okay. And if you want even more features, go to premium plus. All right. You can see that all the different things. We can read about these and find out what those are all about. They also have a brokerage. You can also use them as a brokerage account. They're tied with Interactive Brokers. All the processing goes through Interactive Brokers. So, um, yeah, they're a great company. I've been using this platform for a long time. I like it. That's going to do it. And I think they just came out with an app. Someone mentioned it in a comments. Um, I haven't seen the new app for Let me see if there's anything here about that. Release notes. We got student programs for for the students out there. Release notes overview. Where would I find that? Go back here. You know what? I'm going to just go to uh let's do this. Yeah, I think from here we'll be able to find that real quick. Best interactive charting stock screener 2026. Best of Investopedia. Wow. Okay. Here's some more information about the company, what they do. Personal journal, built-in options, strategies, alerts, reminders, custom layouts. Where is the uh information about the the new app? Maybe it's under download. Oh, there we go. Okay. So you see Android app, iPhone app coming soon. It's not available for iPhone yet. So Android app. Let's click on that. You can get it on Google Play. All right. This is what it's going to look like. Mobile access to Leading Edge uh tools. Pretty cool. I don't use it. Uh I don't use the app. I did use it a while back. Maybe I'll I'll have to try it out again. Play around with that. All right, guys. Thanks for watching. I'll catch you all in the next video. The ichimoku guiding light. Blue cloud traing through the night.