AI Crossroads: Massive Earnings Moves Ahead?

Hey everyone and welcome to earnings cheat sheet for Friday, August 7th. It's Alyssa Cororm and Ed Carson here and we have everything you need to know about all the key earnings for the week ahead. So Ed, what's on tap? >> Yeah, I'd like to take a look at Applied Materials, Lummentum, and Nebus. >> Yeah, and a slew of other stocks. We'll do a rap stocks. There's a whole bunch that's still running. Yeah, we'll do a rapid fire round at the end. Take a a look at a bunch of charts. So, we'll get to that, but first let's get to Applied Materials. So, Applied Materials is scheduled to post its Q3 earnings on Thursday, August 13th. Earnings for this leader in materials engineering solutions are projected to rise some 20% to $3.39 a share while revenue is expected to climb 11% to nearly $8 billion. So why we're watching this stock? We're looking to see if applied materials can impress investors given that a beaten raise expectation may be locked based on how some of its peers have performed recently. But unlike those peers, AAT's going to be reporting for a July ended quarter, not June. Ed, what are your thoughts on AAT? >> Yeah, I mean, Applied Materials and a lot of chip gear firms have had a strong year. I mean, like a lot of others, they've they've fallen off. Uh, and what's want to see how that is developing and can they really pick up that growth because they they were sort of somewhat memory plays in a way because a lot of memory plays have been buying ship equipment >> but their growth hasn't been generally as amazing so as some of those other names. So can they pick up that growth pace and yeah what can they do to impress people given that you know beaten raise is sort of baked in. Mhm. And then you know when you're talking about management uh they previously cited pretty high visibility into 2027. So when we're talking about the guidance how important is that aspect going to be? >> Uh it's just huge because I mean I think there's you've seen earnings reactions already this last couple weeks. If there guidance isn't strong they it has to be a really it has to be strong and that expectations because yeah people are been expecting it. They expect the stock to beat. They expect them to raise and they have to often raise by a lot to uh impress investors given that we've had a few quarters of this, you know, of of the stocks running up generally. I mean, even though many of them have had a tough couple of months, uh they're they've uh run up in expectation of strength. >> Exactly. You and I have talked on other programming about sort of this vibe shift, right? Uh that we've had. So, it's a very different market environment. I would say for applied materials this quarter versus the last reported quarter, you had some climactic action and then a sharp decline of course AAT far from alone. Pretty much the entire AI ecosystem and a lot of the chip sector names AAT right in there. And we've been talking also about how a lot of these stocks are almost seemingly more in a position to short rather than setting up. So, the earnings are coming at a key crossroads here for the stock. >> Yeah, I mean, there's all sorts of these AI stocks that have been bouncing up toward their 50-day line, and some of them are a little bit above. We'll look at one that definitely is above, but yes, can they decisively get above those levels? Uh, or alternatively, could break down. This is exactly where it's dangerous because you could get you would you know if if you buy here um even if it weren't for earnings there's such a high chance that it could roll over and get hit hard and you're not saving that much by wait you know by buying here as opposed to a little bit above the 50-day line. Uh I don't know if this stock I mean this one is pretty straight down it would be straight up again. I mean so I I'm not sure if I like this pattern in particular though a lot of you know in part because it ran up in later into June. I mean, in some ways you could say, well, it kept moving when a lot of other AI stocks fell. So, how much do you want to punish it for for showing some strength up in that point, but still, it might be a little odd. It'd be nice if it had a little more time, but yeah, if it gets above that 10-week line. Yeah. Um, like that trend line you did, you know, it sort of broke, you know, sort of broke above that level and was getting, you know, was there was some froth in there, >> but still, it's had a strong year. You know, you can argue that some broad sense that the uptrend, you know, for the past for this year, for this past year or the past 12 months or so is still intact. >> Yeah. Uh like you said, not too far from that 10 week line. And it wouldn't take much uh for this chart to look better. Perhaps earnings could be that catalyst to get this stock on a better path and a little bit more time to set up in uh a little bit more of an ideal fashion like you said instead of the straight up to straight down fashion that we've been seeing a lot of these stocks act lately. Also, you mentioned memory ed. Uh so, you know, we do have things like uh you know, the WDC, which looked similar. This gapped down on earnings. It's it's off of its lows. Also, SanDisk, a lot of eyes on that one. Uh badly beaten down. Uh you know, a bad reaction here. So, not that all stocks react the same way, but this is sort of the you know, the tone that we're seeing right now for stocks kind of like this. >> Yeah. You This is why you just want to wait. I mean there's stocks that you know maybe in a week or so maybe when after the earrings come out apply materials will have gapped up and people say see this was obvious CU is on the comeback already but it wasn't obvious and there were there are risks and so yeah so an important level for this and a lot of other stocks >> okay moving on we are going to take a look at another AI name but uh this one in the optical space is expected to report fiscal Q4 four results on Tuesday, August 11th. Earnings for this AI infrastructure name expected to rise. Okay, we're some triple digit growth here. 230 237% to 2 $2.97 a share. Man, Lexi, you know, she's really cranking out all of these uh numbers. I'm stumbling a little bit there, but revenue projected to climb 105% to nearly uh $1 billion there, Ed. So tripledigit growth here. Will it be enough for Lum? >> Yeah. And this one the optical space has shown a lot of growth you know and you know this is you know much more than the chip year names for the most part. Yeah. I mean it's like can it deliver? Uh a lot of these uh this is there's a lot of hot stuff out there. Uh there's going to be interesting guidance like there's maybe delays that Nvidia has you know going on with their next generation products. Will you know will that hurt them or not? I think there'll be a lot of questions there for the guidance, you know, or maybe there'll be other customers that can diversify and so they'll still be ramping up. I mean, the the track record for optical is still very strong. I mean, you need these optical connectors for all these data centers. I mean, people sometimes use copper, but optical is preferred. Um, but that's why the price is high. So, yeah, I mean, this is this is an important area for here. Uh I don't think if if we look at the stock the stock is at key levels and unlike apply materials I think the opticals have had more of a rockier area like in 2026 or like you know for the last few months. Uh does that mean they're ready for another run? I don't know. Uh but it's you know these peaked a little earlier >> exactly. >> And so on the one hand you know it's right there. I mean that's right there. Uh, even now, I do think you'd want to get above these levels or the or the 8.97, the short-term levels, even if it weren't for earnings. But this is one of those that's very close. It's on the right side of the 50-day line, but this is also one. It has a 10% ATR. Uh, who knows where it'll end up on this particular day and certainly buy ahead of earnings. Uh, so this is one that could be actionable after earnings. It could also be a short after earnings. Uh, and that's just the scenario we're working out. And it's not just this. It'll also be how the whole market is, you know, what what the market is doing as well. >> We did have a brief tag of that 200 day line and as it's been bouncing, Ed, we've seen that very short-term relative strength coming back into the stock. So, I can see why a lot of investors are interested in a name like this. You have that tripledigit growth. You have the prior runup here. It's in an exciting space. So, could it be on the cusp of a material turn higher? We'll have to see. I like the levels that you pointed out there. And here's a look at the weekly chart. You can see that prior runup that we were talking about. And look at this earnings line. Actually, I'm going to go back to the standard fit there. I mean, that's quite an impressive earnings line. And we do know that stocks form bases along their moves higher. The base depth here is a little steep though. 45%. I do think that this is going to be an important earnings report. What are your thoughts on the group peers? Are are we seeing similar struggles, similar uh setups or you know, how would you how would you rate the quality of the stock action in the group? >> There's a lot like this. Uh coherent, which is another one that reports this coming week, looks similar. I think this one's right around the 50-day 10-week line right now. Very similar big powerful moves recently. They've had good runs. They've got strong growth, you know, as well. Just But yeah, so key levels. And I think another thing is that I haven't really enjoyed buying gap ups just because I'm so nervous and there have been a lot of pullbacks from intraday highs or fallbacks the next day. So if these gap up on earnings, >> my sense would be like if they were within the base, I might wait to see if they can form a handle. But that's my own personal thing. >> So, you know, they they might be actionable, but still I'm still going to wait >> uh given the way the market has has been. But yeah, there's a lot and there's others. Credo, which doesn't report, which is sort of in the space. they've been copper getting into optical and I'm sure there's a bunch of other names, but there's there's so many AI stocks, but it's but you know that are right at these levels that could be very interesting soon, but they could also be uh this could be a high water mark as well. >> Okay. Well, uh if the audience is sick of AI, well, that's too bad. We're taking a look at another AI name. uh Nebius in BIS. You talked about high ATR. This one has that high average true range in spades. But a very compelling story here and Nebius is set to report its earnings on Wednesday, August 12th before the open. AI infrastructure expected to see Q2 earnings at a 61cent loss here versus a 38 ccent loss a year earlier. So widening loss expected there. and revenue is expected to jump 450% to about $578 million. Ed, what are your thoughts on Nebus? >> Yeah, I mean, look, they have really strong growth. This is one of those neo clouds that that that does data centers and then rents them out. I mean, you have a lot of companies doing this. SpaceX, that's a lot of where it's XAI revenue is now becoming more of a neocloud at least for the moment. So, there's a lot of names doing that. uh a lot of big hyperscalers will be will be will be you know leasing capacity from them but yeah so the growth is tremendous you want to see that path how is that going to continue uh you know there's some New Jersey data centers that they want to build well can they get them built I mean there's opposition is mounting and it's very bipartisan so but before was like well you know this particular one may not go through it's getting to be a little bit tougher uh and you know will they um you know maybe can they you Can they also diversify? They have fairly concentrated customer list as I understand. So I want to see if you know that can become very dependent because if you know if one customer says you know what I need to scale back that could really that could really hit them. But a lot of growth here but yes a lot of riskreward with a name like Nebius. >> Absolutely. And you mentioned the public opposition. We're hearing more and more about that. And I do want to give a quick shout out to our IBD team. Alexis Garcia along with Clara Connor and Kit Norton who's now uh at our sister company Baronss. But last fall, this group was doing reporting on this very topic, the public opposition at the local level to these data centers and it's just a very interesting aspect of this. you know, investors have profited so uh handsomely from the AI trade and then uh you know, you're seeing some of these these local shifts on the ground there and our team has been all over that. So, wanted to give a little shout out there. But let's take a look at the NBIS chart and right now the average true range ed is nearly 13%. So quite a bucking bronco here. >> Yeah. And uh you can see how it a couple of times it's gotten above the 50-day 10-we line and fallen back. I mean this is well below the 10e line again even though it was probably there today or yes the prior day. It's like uh that's how quickly it can move. You know it was there yesterday. It was right there right there. Oops. Now it falls back. And if you do buy this, you know, uh, when it go after earnings, if it goes through the 50-day line, just know your exits. I mean, it seems like early entries is what you'd want to do, but early entries are no guarantee. That's for sure. This one can move around. This is this has gone on big runs but yeah there's just there are is a lot of risk and uh you just have to know that it looks looks prom what looks promising one day uh the next day or even just the next hour it could look uh not so promising that's for sure. And just to emphasize the average true range here, Ed, I know we talk about it on various shows and I'm sure you and Lexi do on earnings cheat sheet, but I mean this is saying that on average an average day for the stock would be a 12% plus move, you know. So today it's it's at down only 9%. only 9% you know and uh I know David Ryan was shorting this one uh previously when it previously bumped its head up against that 50-day line. So, seems like again uh perhaps in the Wednesday, August 5th session that would have been something traders were interested in if you are an experienced short seller, if you have the risk tolerance again because the ATR here is pretty high, but you never know what's going to happen with earnings. So, that does uh those risk events do create that added volatility. So something to be mindful of here for shorts as well as potential longs. >> Yeah. And I definitely don't want to have too many ATR stocks, especially if they're all in the same sector. Like if you have Lmentum and Nebius and you know, like even if they're technically in different groups, they're all AI plays. >> You could see enormous moves. And yes, it's all fun. It was fun in April and May, but you can see, you know, you could if your portfolio is stuck with these high ATR names, you could easily see your portfolio fall 20% in a day. I mean, it would I mean, that would not be out of the question on a bad day. So, yeah, you definitely want to be cautious on how much of this. It's like, what's your spice level? I went to a Thai restaurant the other day and they was like, how much spice and what level? And I said three or four and and stuff, you know, as and that was good. Uh I, you know, there's only so much and uh as opposed to a 10. Uh so uh you just know how much you can tolerate. >> Yeah. And this one even in the best of conditions is pretty spicy, Ed, right? The are these are some pretty spicy pull down uh pullbacks. >> Absolutely. >> Yeah. All right. Well, it'll be fun to watch. Uh we know the story is here. Oh, and something to mention, I think, with Nebius, right, is this was right the a big position of that hedge fund situational awareness, right, that blew up. >> That's right. and uh that that was a factor and that probably was one reason for all those AI stocks really having that cratering drop in that when when these stocks fell down. So that's that's important. Uh yeah, so that that one has bounced back but hasn't punched through where it really needs to get to. >> Okay, now for our rapid fire round. Let's take a look at Cisco right at a key round number of 120 heading into its report next week. Earnings due on the 12th. Yeah, I mean this one has done pretty well. Doesn't have the same growth. It's networking. It also cyber security. Uh so they have some interesting things going on. I think if it gets above these levels that it's sort of like, you know, that would be on earnings that would be a potential buy area. It'd be great if it could form a handle or at least a I'm not sure if it would be high enough, but some kind of handle like form there. >> And this has an average true range of three and a half%. So, a little more tame but still getting that AI flavor and when conditions are right outperformance to boot. Let's go to international seaways. This is INSW recently broke out of a double bottom. >> Yeah, this is one of those uh you know oil tanker you know transportation plays. You know, it's there's so much on geopolitics. That's something to watch out for. But it is, you know, and um so the earnings are one thing, but people may have a pretty good idea of what the earnings are like. They know what shipping rates are. They might have a guidance about have an idea what they might be. So it'll be interesting to see how much it moves on earnings, but there's so much in geopolitics and just have to be aware of that that this could swing up or down on on that news. >> Such a good point. And earnings here on August 10th. Moving on, SMCI earnings coming out on August 11th. Now, this is a badly beaten down stock that every once in a while will have some sort of spark to it, Ed, but I always just go back to the weekly chart on this one uh to remind me of the devastation. And this is this is not really the kind of quality stock that we like at this point, right? It did in that uh you know 2023 early 2024 period have that explosive move that we like to see but it's no longer the same stock even though we are seeing tripledigit earnings growth coming back into the picture. >> Yeah, the growth is coming back. There's a lot of questions been accounting there's been these probes about illegal exports to China. So, no, I don't think this one would be one that you'd really want to have too much on your radar, but this could matter a lot for Dell and Huelet Packard Enterprise, which have been doing better. Uh, you know, so, you know, and this one did give strong preliminary guidance and actually the stock popped and that helped the other stocks. >> It faded off again. So, we'll see. It's going to be maybe more about the guidance since we sort of know some of the things about what their results will be like. But, yeah, even while technically somebody this one could jump up 20%, people will be excited. Oh, what about this? What about this? It's like I'd rather look at Dell or HPE uh as opposed to Super Micro as an actual buy. >> Exactly. Um more quality looking charts there. Also reporting on August 11th is Coreweave. So, let's go there and we'll take a look at the weekly chart. Recently hitting resistance at the 40week and the 10 week here, Ed. >> Yeah, I mean this is important also like for Nebius and other things, but this does seems like a lagard. I mean, if you're going to go for super high ATR stocks, you might as well go for the leaders. Uh, I don't, you know, you'd have to, you know, I think you'd want to see it make a move and then set up again. It just doesn't seem like the leader in there, but it's an important name in this in this area. >> Exactly. Yeah. Uh, RS an RS rating of 14. Not all too inspiring. No. >> There. Let's go to eat. We've been seeing a number of restaurant and and retail related names perking up and looking good. And Brinker International breaking out of a double bottom a number of weeks ago. Ed, it's only had one down week in the last what 10 or so weeks it looks like and uh quite the relative strength here on this chart as it's at new highs. >> Yeah, the growth slowed down. I mean, it couldn't s sustain that huge growth. Yeah, >> I mean was really amazing for a company that's that established. Restaurants don't do that at that size, but it revamped Chili's. Uh so it had enormous same store sales growth, so it slowed down, but yeah, nice move here. I mean, uh it wasn't the greatest looking chart, you know, um here, I think, you know, sort of loose and stuff. I was sort of hoping it would >> form a new base or form some pause longer, but hey, it it's acted very well. It's extended now. Um, but this is this is a leader in a group that despite its low rank seems to be coming up. At least a number of names are coming up. >> Yeah. Something that it's been a little while since we've talked about, but a crossover of the relative strength line over its moving averages kind of coincided with >> an aggressive entry here. But to your point, Ed, it didn't really have the growth that we like to see. You know, single digit singledigit growth there. So, I'm with you. We'll see. Can it form another base here? But for those who did buy uh along this run or as it was breaking out a couple of weeks ago, seems like there is potentially enough cushion here to hold at least part of the position into the report. >> I think so. >> Okay. Next on the list, Liquidia LQDA. We've been talking a lot about the medical sector and this is one great uh example of why ED had a great breakout on the last earnings report with triple digit bottom line growth and it's kind of been off to the races since >> it has and it really hasn't. I mean, you could have bought certain things off the 21-day line, though, you know, that's in hindsight. It's not always easy. And after that first time, the market wasn't doing so great. So, it just makes it >> uh if you can look at a weekly, I don't know if there's any tight action, but even then that might more be like an add-on buy. Not really. It bounced off the 10-week line a couple times. >> Uh so, it could have been bought, but with earnings coming up, that would have been tough this last time, you know, to to do that. Uh but this is a this is a leader and you know profitable biotech and really really big gains coming in now. >> Yeah, I mean look at that uh growth down here at the bottom. I also like that expansion between the relative strength line and the moving averages. That's something that IBD senior market strategist Mike Webster talks about. So you're absolutely right, Ed. This is a leader. We'll have to see if the positive trading can continue. Although I will say uh some medical biotech names that we've seen reporting lately have stumbled a little bit, right? So it's it's not like all right, this is the leading area now, so earnings are a lock. >> No, I mean def definitely you can see some big losses here. Uh especially for those who have, you know, not that many products. So if something disappoints or if the outlook isn't there, yeah, you can uh Yeah. So this is not like a lock and it has run up a lot and it's had a big run. So yeah, I would while for people who bought that breakout, you know, or or early on after the breakout, big cushion, but yeah, uh it doesn't seem like something that would be particularly actionable right now. >> Yeah. Uh, and for those in it, maybe keeping an eye on the 21day for a trim and then seeing if it can continue to find support above the 10-week moving average. Uh, again, for those who are up, you know, this is up 91% from that breakout above 47. Moving on, let's go to ATRO. This stock is in the aerospace defense group. group. I feel like we've been talking about a number of names in this theme, Ed. How does Astronics with the report coming out on the 11th? How does that one stack up? >> Looks like a base is forming. I don't know if it'll be long enough either on a daily or weekly by the time earnings come around, but certainly getting there. It'd be great if it could form a handle. I mean, it would be great. It's decisively above the 50-day line. It would just be great to have a little bit of a handle there and then move the earnings. I mean, it's sort of turning, you know, rapidly more profitable. There's been a few years supposed to be strong, you know, uh, you know, going forward for a little while. Yeah, the earnings line sort of made a real jump up. It's accelerating quite a bit. Uh, RS line, you know, you're seeing it cross into the right area there. So, I mean, you know, I can imagine somebody buying it as it went above the 50-day line, but that's sort of out. It's done that. The earnings are coming really close, but this has acted really, really well. And as you say, the group is sort of making a comeback. So there's a lot of reasons why investors want to be taking a look at this name, especially if it pauses heading into earnings, I think. >> And you mentioned coherent earlier. So we will go to that chart. Earnings coming up next week. We'll take a look at the date on the daily chart here. Reporting on the 12th. I mean, since it's made that big move already, it'd be it'd be, you know, great if it could pause here or just above the 50 line and pause ahead of earnings and then maybe move then maybe there'd be something there because that's a big move like you know on just on that weekly chart uh and and even more a little bit from the bottom when you combine it from the low of the that's a huge move weekly and then you combine it for whereas the intraday low last week >> that is a huge move. So, >> you know, falling back 10 15% from there would actually look sort of normal and not out of line. But if you bought it here, that would be a 10 to 15% loss. Uh, that's, you know, what uh so again, there's a lot of these names. Can it move up? Again, I would probably want to see strength and then a pause after earnings probably given given the big powerful move it's already had. >> Makes sense. Yeah. Up 30% in one week. Pretty hefty move there in a short clip. Let's go on over to Tapestry. Uh among the stocks featured on the Thursday episode of IBD Live. Tapestry right in there. TPR earnings coming up on the 13th I believe. Yep. And recently broke out of a cup with handle base next to base type situation here. It does seem like this 160 area also key arguably extended from the early entry ed. But what's your read on tapestry? >> Yeah, I think that was the place to buy it. Um, you know, I mean, I wouldn't be opposed to buying it here if it weren't for earnings, you know. I mean, it's like it's, you know, that I get why people would wait for that. I'd usually look for early entries, but I think with you just have to wait and see how it handles handles things. And uh not that it's with this one, but there's just so many names, you know, that the earnings have sometimes been negative or sometimes you have a gap up and then it fades off. So I just in general with earnings, it just has this it's been a treacherous earning season even though a lot of stocks have had big gains. So it's not So just watch it just in general when things move. I think it's especially important to wait at least five minutes, maybe even half an hour you even if things look positive before making a buy. That's just sort of my own strategy just because it's nothing really particularly against tapestry. Uh this one has solid growth and again looking for some diversity. >> Uh you know yeah you look at some aerospace names look at some retail industrial there's some financial there's there's definitely some strength and some growth. You know this isn't you know it's not you know 100% growth but there's been some strong you know earnings >> acceleration. >> Yeah. Acceleration. Yeah. So earnings growth has been and revenue growth has been a little lighter a little and it's going to be lighter supposedly going forward. But that's just something to be aware of. But having something like this in your portfolio, the ATR isn't too extreme by any means. So uh relative strength line picking up above the moving averages. So nice nice action here. Maybe it's ready to go after after pausing for several months. >> Yeah. Let's see. And then we have just a few more to take a look at. Rocket Lab, which you know, we did see a lot of the space stocks have their moment uh roughly around Rocket Lab's last quarterly report. I mean, what an explosive breakout that was out of this cup with handle. Uh the team was keeping a very close eye on that one. I think we had Brian Shannon on IBD live that day or around that time. He was all over that trade. quickly ran up and gave it all back and then some. Ed, the stock looks much weaker heading into this earnings report early next week on the 10th. >> Yeah, and it did that with the prior time. The prior breakout ran up strongly, so there was real gains, but then gave up all those gains in not too much time. Uh, so yeah, this time it fell below the 200 day line. Obviously, there was SpaceX excitement and the market excitement. I mean, this is like when it hit those highs, >> double whammy in there. Space stocks were hot. I suppose if it got above the 50-day line, it's pretty steeply declining. It would also be above or about above the prior buy point. So, at least a lot of people would be happy then. Uh but it just seems like you'd like it to gap up, pause, and then move up. But this unfortunately, this has a tend it does have a tendency to make these big rapid runs uh and then and then give it up. It's definitely one to try not not to buy extended. >> Uh it's an interesting name. It's moving toward profitability. Not there yet. Uh but I'm not sure. It does seem fairly weak. I'm pretty gunshy. I think I've played this and lost money on it before. Uh and it's just it's very volatile. I'm not surprised the ATR is low as it is because it but um I thought it would be over 10%. So I'm not sure where I where this would be. I would like it to set up a little bit more uh before getting into it. >> Yeah. Well, it is a 21 day, so you know, I guess it's it's calmed down a little bit [laughter] in the last couple of weeks, but yeah, this looks like the ugliest setup by far of the of the prior two uh setups that you had here. But we'll see if it sets up again to your point, knowing the personality of this stock and, you know, doing some post analysis, right? And armchair quarterbacking here, I guess, just being quicker right? um if if it does set up. So, we'll see if and when that happens. And then let's take a look at JD.com. Big name out of China here, Ed. >> Yeah. I mean, I don't know if it technically was a new low or not, but it sort of feels like it was straight off the bottom, like literally the bottom of the chart. >> Yeah. And also, there's not really a prior uptrend. I mean, there there, you know, it tried to bottom. So, I like to see a prior uptrend. I would rather see a breakout and then a new base. uh you know it's supposed to rebound this year with earnings after but that's partly because of easy comparisons there was a lot of declines this one I I you know again I'd like to see that both for the earnings and technical I'd like to see strength and then set up maybe tighter before I'd be interested again but you know this is ahead of other things you know I just want to see keep that out these stocks can go on runs but it has been a while I think if you go on a monthly you can see that it's just been a long time since JD.com. >> Yeah. So, it's, you know, there it doesn't have the cloud computing arm that say, you know, a uh Alibaba does. So, this one just doesn't have the growth and the international e-commerce firms just are not doing particularly well. Uh so, interesting to watch, but not >> Yeah, I'm pretty low on my radar. >> Makes sense. All right, Ed. Well, I think that was a great review and preview of what's to come on the earnings front next week. Thanks for hosting me. [laughter] >> Thank Thanks for hosting. Thanks for being here, Ally. >> Good stuff. Appreciate it, Ed. That is it for this installment of earnings cheat sheet and the crew. We'll see you back here next week.