Stock Market About To EXPLODE!? 5 Stocks To Buy NOW!?📈

Happy Monday, guys. It's your boy Stace here. Welcome back to another video. Got my good old coffee, double espresso as always. Cheers. I appreciate you all for tuning in as listen man, we have a lot to cover today. Earnings, charts, the overall market, and an IPO that I'm watching here that's coming up, guys. Get ready. Let's dive into it. Make sure you all hit the like button, subscribe, and join my Patreon if you want to keep up with my actual portfolio updates, my trades, my investments, and if you want to be a part of my private Discord community, all that's on Patreon link down below, pinned in the comments, or go to stocksurfest.com/patreon. And shout out to all the new members that have been joining. I appreciate you guys, and I truly hope you're finding a ton of value in the Patreon. And with that being said, cheers again, guys. Let's dive into it. So, it's about 11:3040 p.m. or not P.M., A.M. on the East Coast. Yeah, P.M. I'd be sleeping right now, guys. Uh, but yeah, almost noon on the East Coast. And the market is a mixed bag, as you could imagine, right? The Q's are up8%, the S&P's up around a quarter. Not bad. As the Dow, believe it or not, is down a quarter percent. Same with the Russell. as oil is kind of flat. Brent is flat right now. WTI is down a little bit and the VIX is falling down. The the volatility index about 4 and a half almost 5% right now. So, believe it or not, guys, we're actually seeing a pretty decent day in the market. The cues are bouncing back after last week's disaster, right? And over the weekend, we got a lot of, let's just say, escalation in the Middle East. And we thought, some of us thought that we were going to have a red day today, some rockiness. Uh, but the futures kind of put that to rest last night. Uh, the futures were up and now again, we're seeing um some green today. not across the board, but it looks like we're actually not selling off as a lot of us thought we were, you know, over the weekend. And that's the thing about the stock market, guys. It often does what you don't expect, right? If everybody thinks, oh, you know, the market's going to tank, you know, oh man, things are escalating in the Middle East. It usually does the opposite. And like I said yesterday, guys, what did I say? the market is immune to these headlines, to the escalation in the Middle East until it gets really bad. That's when the market uh you know, if it gets bad, that's when the market will react accordingly. Uh but you know, at this point, it's it's like another normal uh Monday, right? We're seeing the rebound. Tech's bouncing back. A lot of big tech, these AI memory stocks, they're looking pretty good. Um so, let's just dive into it, man. Break down. Like I said, some earnings that came out, an IPO coming up that I'm watching, and overall where my head's at uh right now. So, number one, you guys, a lot of you guys probably love uh this one. I know you guys that are younger in college, you you definitely love this one, guys. Domino's Pizza, DPZ. And I can't tell you how many times in college I had Domino's Pizza late night. Um and I'm sure a lot of you can relate. And honestly, I can't remember the last time I've had Domino's. It's probably been close to a decade. I don't even know, guys. Uh, but Domino's Pizza is up 1.3% and the stock has been breaking out. Not really fully breaking out, but it has been starting to break out above these moving averages for the first time in months. All year, literally on this 4hour time frame. All year we've been downtrending up until the last couple of days. And if you guys take a look here on the three-year chart or maybe the monthly chart, yeah, we can see Domino's is getting a bounce at a multi-year support at about 285 290. That's where we held back in 2023. Also back in 2020, we held about 280 290. Saw the rally to 560. Now we're testing that point again. We're seeing buyers come in also right by this 180 SMA on the monthly chart. That's a good sign. Now is Domino's fully breaking out, fully continuing um the overall uptrend on that monthly chart? Not quite yet, but we are seeing some signs here again breaking out of this mo uh these moving averages starting to break the downtrend. That is a good sign overall. So DPZ Dominoes reported, let's see, EPS of $4.7 for Q2, which missed the $420 expected, but sales beat 1.19 billion versus 1.179 billion expected. And it looks like here their uh Q2 supply chain gross margin was at 12%. Not bad. Same store sales in the US up.1%. Okay. Um, let's see anything else here guidance-wise. Not seeing much on guidance. How many stores did they open? It looks like global net store growth 209. Uh, we can see 26 net store openings in the United States and 183 net store openings internationally. So clearly Domino's has slowed down expanding in the United States. I mean I mean how much more can they expand at the end of the day? Um they're closing locations, opening new ones um in certain markets, but they've been around for years and it's obvious that they're expanding their international presence right now. I remember growing up uh going to Greece. I'm Greek, by the way, guys, in my family. We we would go to Greece most summers. Uh my dad, you know, he he grew up in Greece. He immigrated here when he was 30 to the United States. So, he would take us back all the time. And I remember in Athens seeing a Domino's pizza. Th this was probably 20 years ago, guys. Literally, I remember in Athens seeing a Domino's and I was like, "Holy crap, Domino's is here, too, right? It's" And guys, trust me, you you don't want to go to Greece and get freaking Domino's pizza. Uh but you know, obviously me being a young kid at the time, growing up in America, right? Seeing dominoes everywhere, I was amazed seeing it in Athens. Uh but yeah, they're they've been expanding internationally for years now, and they're continuing to do that. Uh but is it enough to get the stock to really start to move? Maybe. Maybe, just maybe. We have to see how earnings play out over the coming quarters and coming years at this point. Um, and it's going to take some time for Domino's to really get back to where it was a couple years ago, but it's possible, man. Never say never. Um, the overall uptrend is intact on the monthly chart. Uh, but it has been kind of stagnant on the top side here in the low mid uh 500s. That's been a big resistance. So, time will tell, man. And again, man, I had my I've had my fair share of dominoes, but it's been a while. What about you? Let me know in the comments, guys. So AMC also reported earnings and their stock is going berserk, guys. 20% in the green. That's after their stock hit $3 a share about a month ago. Then of course they did an offering. They raised money, issued shares, and the stock went down all the way to a $160. So it pretty much went down 50% from $3 to $160, all while maintaining an uptrend. And now with the earnings guys, they're ripping again. And who knows if this thing goes back to $3. Maybe it takes those highs out. Will they do another offering? Probably. Probably. Right guys, that's the reality. So AMC reported 14 cents of adjusted EPS, which beat the loss of 6 cents expected on sales of $1.59 billion versus 1.47 billion expected. And it looks like, oh yeah, the Odyssey just came out, right? Yeah. AMC it says attracts more than 4.3 mi uh million movie goers worldwide as the Odyssey delivers the biggest opening weekend for an R-rated film across AMC's US circuit since 2024. Oh my goodness, guys. Um I didn't realize I I I knew the movie was big. It was going to be big, but man, since 2024. So about two years ago, biggest opening weekend for an R-rated film across AMC's uh US circuits. That is uh you know that that's big news there, guys. Um did they did they give us anything on guidance? Probably not. Uh but yeah, I got to see that movie, but it is hard then again uh for us now. My wife and I, we have a six, he's almost 7 months old now, guys. Um and it's tough going to the movies together. Obviously, we can have somebody babysit him, but we haven't been in the movies in a long time. And I guess, you know, well, actually, then then again, I went with a buddy to see Obsession a couple weeks ago. That was actually a pretty good movie. Uh, but other than that, I haven't been to the movies with my wife in god knows how long. I think we went when when she was pregnant, probably a year ago. But that movie looks good, man. And clearly that's bringing in a lot of um you know foot traffic to AMC that's causing some hype in the stock. The double beat I love it. And at this point man am I chasing AMC stock? Not necessarily. Uh but I am watching it as I have been watching it since a$180 probably about two months ago. You guys might remember that. We initially called it out actually before it ran to $3 when it was at a buck 80 and now we're starting to do the same thing. I think it could go to $3, but be careful with um you know their management. They're probably going to issue more shares and dilute the living crap out of shareholders. So keep that in mind. So AMC, good quarter. Domino's not bad. Both stocks are moving and I'm excited about potentially seeing the Odyssey. What about you guys? Have you seen it? Let me know in the comments if you are actually one of the people that went to AMC or any theater and uh you saw the movie. So, IPO, there is this company that's about well, they're looking to IPO. They're targeting an IPO in the United States. It is Jersey Mike's. Do you guys know Jersey Mike? You probably do. You should know Jersey Mike's. They make pretty good uh subs, right? They make some nice uh you know cheese steaks. I mean, look, I'm from New Jersey, Philly. Are they actually as good as New Jersey or Philly cheese steaks? Obviously not. But uh for a fast food, fast casual, fast chain, whatever you want to call it, they're not bad. And their overall subs are great. And they're looking to actually IPO um in the United States. And they're looking to raise $1.09 09 billion um in their US IPO. And if we come here, guys, we got that news today. They're looking to raise up to 1.09 billion through an IPO in the United States. And the sandwich chain plans to sell 13,782,69 shares of class A common stock while selling stockholders uh while selling stockholders will offer almost 30 million shares of class A common stock. And the company has set an expected IPO price um between 21 and $25 per share. Um so that's crazy. IPO, another IPO um expected to come. Not nearly as hyped up obviously as SpaceX, Anthropic, Open AI, and nowhere near uh but it's coming, man. And the chain, which specializes in submarine sandwiches, also known as subs, right, began in 1956 when Peter Kro started working at Point Pleasant, um, New Jersey at that location, which if you guys didn't know, I'm from Jersey. Um, again, Jersey, Philly area, and that is it was originally founded that location as Mike's Subs. Then they changed the name, I believe, later on. Uh either way, Jersey Mike has applied to list on the NYSC, New York Stock Exchange, under the ticker symbol JMK. Pretty uh pretty good ticker there. And Morgan Stanley, Jeff, and JP Morgan will serve as global coordinators and joint book running uh book running managers for the offering. Barclays and Guggenheim Securities will act as co- global coordinators and joint bookrunning managers. uh for the uh for the IPO. So, big news for Jersey Mike's guys and I remember they just went or uh didn't they just raise or not raise money, but didn't private didn't didn't they sell to private equity or something recently, man, a couple years ago? Um a lot of this is how a lot of these um you know big chains in the in the food space work. They they they open up. they're, you know, operating for a while, some longer than others. Then private equity comes in, you know, uh they they bolster the company up even more. That's the idea at least. You know, some say, you know, it makes the food worse. They trim uh you know, they they try and expand the margins, they cut corners, blah blah blah, which I've seen that happen with private equity in certain uh you know, food spots. Then they ultimately go public. You know, Dave's Hot Chicken did something similar. Didn't they uh sell for like a billion dollars recently? You know, private equity's coming in. They might go public down the road. Who the heck knows, right? Uh but it is a it is a crowded space. It is a very competitive space. So, am I looking to go buy Jersey Mike subs as much as I love uh you know what is it? The number 30 or I forget the whatever sandwich I get there. As much as I love Jersey Mike's, man, am I going to go buy the stock? I don't know. Maybe. We'll see how it trades um shortly after IPO. You guys know I'm not a big fan of buying stocks on IPO day. And uh this is no different with Jersey Mike. I I didn't buy, you know, SpaceX on IPO day. I'm not looking to buy Jersey Mike's either. But who knows, maybe a couple weeks, months down the line, uh that changes. So Jersey Mike, keep your eyes on them, guys. I mean, look, I don't know when they're going to go IPO, but it's going to be soon here. Um, and we'll see how that process unfolds. So, and by the way, guys, make sure to hit the like button, subscribe, join the uh join the Patreon if you want to keep up again with my portfolio updates, trades, be a part of my private Discord. All that's linked down below, man. I appreciate all of you guys uh for joining the Patreon and I and I genuinely hope you find a bunch of value there. So, chip stocks, memory stocks are not looking so bad today, guys. Uh, Micron is bouncing back about 5%, trading at about $890 per share. Now, is it out of the woods yet? No, it's not, unfortunately. If we zoom in on Micron, we can see the head and shoulders we talked about is still there. You guys see the left shoulder, the head, the right shoulder, and yeah, we are up to almost $900. Seeing a nice relief rally, but that's all this is. We took out a big support last week under 860. We got down to about $800 a share, guys. Now, we're seeing this relief rally and who knows, may maybe it does break out, but we're not there yet. It's too early. It's too early to say because we are still trading under these moving averages, under this trend line. If you guys forget the head and shoulders for a second and just pull up this time frame or zoom in on this time frame, you can see we have a descending triangle. You guys see that right here. We have support at about 860 which again we took that out a little bit last week and we have lower highs being made. So until Micron takes out, you know, in my opinion, 950 at least, uh, the bulls are not, you know, fully breaking out. The stock's not fully breaking out yet. The bears are still going to be in charge, in my opinion, at least. So yeah, I mean, you could, if you want to own Micron, look, you could dollar cost average in here, but I don't know if I would go all in on it quite yet. And I'm not a big fan of going all in on any stocks for that matter. Uh but keep in mind again what I just said. This trend line has not yet broken on MU. And SanDisk is another one ticker SNDK which it's up around five 5 and a half%. We have earnings coming up in a couple of weeks here on the 5th of August and like 2 3 weeks guys. Uh man this summer is going by fast man. It's already almost August. What the heck's going on guys? I don't know. But SanDisk is seeing a nice relief rally. And honestly, I feel like this one might have a little more uh you know, more to go as opposed to Micron. Micron's closer to the moving averages than SanDisk is. Um and overall, SanDisk got way more beaten up than Micron. I think SanDisk at one point was down uh let's see, from all-time highs 45% whereas Micron was down a good amount, but not nearly that much. more like 30 to 35%. So, still a good amount, but SanDisk got way more beaten up, which means I think the snapback will be more aggressive um than Micron. And I think overall this could make a run to 15550, dare I say $1,600 a share. So, SNDK, keep your eyes on it. I am. Um and same with Micron, but realize neither of these are actually breaking out right now. um they're just seeing relief rallies from just how beaten up they've gotten, especially SanDisk over the last um couple of days. So, what do you guys think overall about the market? Where's your head at? You know, for me, guys, look, I'm just holding on. I'm buying where I see fit. I'm not, you know, jumping off the roller coaster on this little down move we're seeing on a lot of these stocks. Um and yes, you heard me right. Little down move. If a stock goes up 5,000%, you know, well, maybe not that much for SanDisk, but SanDisk has literally gone up, right? For 1,400% over the last couple of months. Um, so yeah, 40% pullback after going up 1,500%. That is a small pullback. It's all relative, right? It's all relative. I'm not freaking out. This is not a big deal in my opinion. And uh the fundamentals are still strong. focus on the fundamentals. So, with that being said, guys, let me know your thoughts. Again, join the Patreon if you want to keep up with my portfolio updates, trades, investments, if you want to be a part of my private Discord. All that's linked down below, pinned in the comments, or go to stocksurfest.com/patreon. I'll see you guys in there. And with that being said, cheers. Have a great rest of your day. I'll see you in the next video.