I might SELL this Stock‼️

Say it with me. AMD. Look at AMD here. Here here today. Uh $46,000 up on AMD in the public account now. $1.127 million on this position. Uh continues to be a beast. But you know, that might be one that is seen by everybody, but there's a hidden little beast that's emerging here. And it's little service now. Wow. Look at now $65,000 in gains now on this stock. It's been a real sneaky one. Just another $4,400 up again here today. Look at RH. Just a couple weeks ago, people were like, "What? RH? Why is Jeremy starting to buy RH stock?" Look at this oneweek chart of RH. 18.5% the stock has climbed just in the past week. People are now like, hm, let Jeremy Cook, maybe he's on to something here. Meta, we got a big after hours development. This is a huge position for me. Up nearly $600,000. This doesn't account for all the profits I've taken in Meta over the past year as well. Big after hours development there. The flicks. Look at this baby. Down double digit. That's a DD. Okay. Down double digits on this one. Where do we go from here with the flicks? Okay. All right, guys. So, four core subjects we're going to get into in this video here today. Okay. One, uh, Service Now and Salesforce. I haven't talked about these stocks too much. Now, sitting on huge profits on them. What are my plans with these stocks? Do I want to start selling these stocks? um do I want to continue to hold them? Do I want to buy more shares? Talk about that in this video. Okay. Number two, the flicks. What am I going to do with that stock? Is this a golden buying opportunity that people will look back at a year from now, two years from now, three years from now and be like, "Oh my gosh, remember when we were getting the flicks at this price?" We'll speak about that in this video. Okay. Three, AMD. We'll talk about what's going on there, where that stock's headed from here. And number four, we're gonna talk. And by the way, I got a pretty shocking prediction for you in this video here today regarding AMD. And uh number four, we're going to talk some meta in this video here today and some big developments in regards to that one. One thing, one thing I'll need I need from you guys before we get rolling here, just do like the sign in my garage says, smash that like button and that's all I need from you. Okay? Make sure you're subscribed to the channel as well. But the main thing I need you to do is just hit that like button for me. Less than 10% of people do it. If you're part of the 10 less than 10% that do it, I appreciate you for doing it. Should be 100%. Come on, man. How can we not even hit 10%, man? Uh, anyways, I got a big deal coming for you guys on Halloween. That's for thousandx.com. That is the entire software suite I use to make my investment decisions on a daily basis. So, pinned comment down there today. Click at that, put in your info, and we'll send over the deal as soon as it drops on Halloween. We'll have all types of different options for you, whether you want to try it out on a monthly basis or whether you want to join on a se six-month basis or whether you want the best deal, which is a three-year pass. We'll have all those deals um on Halloween for you. So, once again, if you want access to that pinned comment, enter in your info and we'll send it over when that deal drops. And we will send you your Steel membership card for X. We'll send that to your house as well once you join us in there. Okay. All righty, guys. Let's get rolling here. Let's talk some stocks. Let's talk Salesforce. Let's talk service. Now, right off the bat, listen, Salesforce is now a stock that is up $48,000 for us in the public account. It's done very, very well so far. And then when it comes to Service Now, $65,000 in gains. So, we have now cleared well over six figures in profits just in the public account alone between these two stocks. So, they have been very successful investments here early on. And keep in mind, these are 2026 buys, right? Like when I was loading up on all these shares of these two particular stocks, it was like, you know, that first, let's call it that first half of 2026. So, it's not like this is a position we've had for years and years. And so, we've already made a lot of money very quickly in regards to these two specific stocks with the bigger number being Service Now, but additionally, the much bigger percentage is Service Now. Service Now is at a 53 1.5% gain, whereas Salesforce is at about a 23% gain. So Salesforce has definitely lagged percentage-wise um service now in quite a major way. Right now when we look at uh Salesforce here specifically the thing I really like about Salesforce is they don't have big expectations. Uh analysts are very modest with their expectations here. 12% revenue growth expected for this quarter they're about to report then 10% for the following quarter then less than 10% the following quarters after that. So Salesforce really has a very low bar that they got to exceed essentially. And so if Salesforce can accelerate growth to let's say 12% 13% in future quarters, it'd be seen as a huge win for the company overall given that the expectations expectations are very low here. right now. The other very interesting thing for Salesforce is they haven't even really begun to see the major revenue dollars in regards to their AI platform building out. And so that's still a game to play out here. And so that business has been growing rapidly, but keep in mind it's a very small dollar amount when you get into a new business like that. and it takes you know a few years to really start to generate meaningful dollar amount for the future right so Salesforce has a really nice setup here service now is more complicated service now if we look at this quarter they're about to report 20% revenue growth expected the following quarter 22% following quarter just under 20% and then to 18% so service now very high growth but man that one's that one's a little dangerous in the respect of If the growth rates came a little under, then we could have some some trouble there. Right now, if they could accelerate growth to let's say a 25% or higher number, then Service Now is going to remain one of the hotter probably the hottest stock in all of SAS, just to be quite frank. Um, which is what it used to be. And um, but but you know, it's it's a little more I I call it uh it's a little more risky. I would definitely view service now. Okay. No, Salesforce. The other thing I really like about Salesforce is we're looking at a forward P here of 18. Looking at a two-year forward P of 14 on Salesforce. So, low expectations for revenue, right? Great profitable business model. Benny off leading this company and very modest forward P and two-year forward P. Okay, so I love the setup of sales Salesforce specifically. service. Now, on the other hand, look at this forward P of this one's in the 50s right now. Two-year forward P drops down to 25, but still like, you know, a forward of 50 plus, that's definitely, you know, you got to come through with those big massive growth rates to kind of justify that sort of forward PE on your stock, right? Trilling 12 month PE is nearly 100 on this one. So, Service Now definitely is just that type of stock that it's it's more of a growth name and it comes with more risk, right? Now, when it comes to Salesforce, am I tempted to sell any of my shares? It's over a4 million position in the public account, $257,000. The answer is no. Not even tempted to sell any shares of Salesforce, just to be quite frank. That one I feel very comfortable in. That one I want to continue to hold shares. And um yeah, there's just no there's no reason for me to jump out of that. If I think Salesforce is a double- digit grower per year for years to go in the future with Beni off leading this company and I'm at a forward P well under 20 just why why do I need to sell any shares of Salesforce? No, thank you very much. Service Now, am I tempted to sell this stock? Well, the truth is yes, I am tempted to start cashing Service Now shares, right? We've gotten a we've pulled forward a lot of gains on the stock and we might get some more gains tomorrow on this one. Right? So, as of tomorrow, who knows? We could be sitting at 55% gains on this one. When I first bought into Service Now in Salesforce, I really viewed these stocks as having a 2x to 3x opportunity over the next 3 to 5 years, right? Well, if I were to get 55% of those gains already in a stock like Service Now, that's just it's pulled forward a lot of the gains, right? And so this is one I look at and I'm like, I could use this as an ATM machine and pull money out of there and then still get the upside that I think is going to happen in SAS over the next several years. And I do believe if I look at 2027 through 2029, let's call it the remainder of this 2020s, right? I do believe Salesforce will outperform Service Now over the next several years. Um, for this year, no, but over the next several years, yes, essentially, right? So, I'm very tempted to start cashing Service Now shares. Uh, it's just made us a lot of money very quickly here and um we'll see what happens. The good news is it's such a good company, it's not like I have to run out of it tomorrow or something like that, right? But I am very tempted to start using this as an ATM machine. And there's just there's other stocks out there that have my attention that I look at now and I'm like they have more upside potential than Service Now with less downside risk for the next 3 to 5 years. So that's kind of where I'm at with the Service Now and the Salesforce. Okay, next up here, let's talk about the flicks. What's my plan there? Then we'll get into AMD and Meta. Okay, so look at that craziness. Look at that. That's a five-year chart of the flicks. So in the past 5 years, this dog went from 70 bucks to 20 bucks. Then it went from 20 bucks to 130 bucks. Then it went from 130 bucks to where it is today at $65. Right? That you got to understand when you're dealing with this particular stock, it's crazy. It has these moments where people doubt the company and they sell it off and they sell it off and every time you think it can't go lower, it goes lower, right? And it's just one of those sorts of stocks and then it has these rallies where it seems like every single Wall Streeter out there wants to be in the flicks. It's unbelievable. And and it moves around constantly with this stock over the years. And it would be like it'll go through the year year or two spans where it's just brutal to the downside and it go through another year or two span where it's just like to the moon, right? The most vicious one I ever remember, this was way back in 2012. Check this out. Oh my gosh. Stock went from over $4 a share to 80. This is on a split adjusted basis now, so do keep that in mind. But from over four bucks to 80. Brutal in regards to that one. And so what was going on way back then, 2011, 2012 for that particular one. This was the first time the Flick really got on my radar to consider it as an investment. I didn't invest in it. Oh, I so wish I invested into it. I should have went heavy, but I had a little trouble understanding the business model back then. But what was going on back then was they had a price hike and quick quickster blunder. In mid 2011, Netflix raised prices by up to 60% for customers who wanted both DVDs and streaming. then announced a plan to split the DVD mail business into a separate site called Quickster. The move infuriated users, causing hundreds of thousands of cancellations and a massive loss of trust. Subscriber and growth slowdown. In April 2012, the stock plummeted further as investors grew worried that domestic subscriber growth was hitting a wall. I think about how funny that is now. And that's why sometimes I like to look back at these old time periods when a stock fell a lot cuz you just get to see some funny stuff, man. Like imagine in 2012 worrying that Netflix domestic subscribers had hit a wall, right? Obviously, we know that like the rest is history. Like they didn't hit a wall and they kept growing for a long time and in the future, right? To this day. Uh in July 2012, the stock fell 25% in a day after management gave a weaker than expected outlook and admitted Oh, that's funny. weaker than expected outlook. What did I tell you guys on the reaction channel last night? I said Netflix has a history of these weaker thanex expected outlooks. I told you guys they do this all the time, right? And um everybody freaks out for what? And admitted that aggressive international expansion was weighing heavily on profitability. Wall Street downgrades multiple analysts slash price targets as fears mounted that high content acquisition costs would keep net income under pressure. man, just a lot of the same stuff you even see nowadays in regards to flicks. Right now, here's the facts around this company because the numbers came out yesterday. They went from 11.5 billion in revenue in the same quarter last year to now 12 almost $12.9 billion in revenue. Right now, the growth rate did slow on revenue, right? If you look at this time last year, they were growing revenue 17% and this most recent quarter about 12%. So, that is something to factor in. The growth rates are much lower for Netflix right now. Now, keep in mind, I've been following this company for a long time. The growth rates can move around. Sometimes they're kind of depressing and it's like, "Oh man, maybe Netflix growth days are over." And next thing you know, they're growing their revenue 17%. So, it's something to keep in mind here. Okay. Operating income for the Flicks in their most recent world quarter went to 4.4 billion from 3.2 billion. Operating margin went from 28.2% to 34.6%. Net income went from $2.5 billion to $3.6 billion. Diluted EPS went from 59 to 87. Net cash provided by operating activities went from 2.8 billion to 3.1 billion. Free cash flow went from 2.6 billion to 2.8 billion. And uh they brought down their share count. Okay, listen. That's exactly what you want to see in a business. That's exactly what you want to see, man. You know, they knocked it all out all out of the ballpark. The only the only bad thing you can possibly poke at is the revenue growth rate slowing. That's it, right? From 17% to 16% to 13% to 12%. Outside of that, you you really got nothing to poke at, right? No, the other thing with Netflix, phenomenal balance sheet. Their total stockholder equity on this company is now up to 29 billion. Cash balance on this company of over 8 billion. And that's with taking shares off the market. Right now, something you'll hear talked about in regards to Flick is this, and then people say this is a real negative for them. They say, "Hey, the Flick has no hits this year, right? Usually the Flick comes out with some sort of big hit every year, if not multiple, right? And for whatever reason, 2026, they haven't had it. they haven't had that viral success that like it seems like everybody's talking about it and everybody's watching this particular show or movie or whatever, right? So, that's intriguing and I could actually look at this as one of the most bullish things imaginable because here's a company. I just grade their income statement last night, posted that inside the private stock group, right? It was an A+ grade. It's greatness with no hits this year. So you can if you can say you don't even produce a hit and you can still have an A+ quarter. Pretty darn impressive when you're a huge company like this company is and they can still grow revenue 12% year-over-year with no big hits this year. I think that's actually pretty darn impressive cuz then you can say, well, what if they had had a big hit this year or a couple big hits this year, right? One of those viral moments. then what will we be looking at for this company's numbers? Right? So, I I you know, a lot of people could look at it as a negative and I I I look at it and I'm like, this is pretty darn impressive what this company's built, right? Warren Buffett, you know, he's always the investing legend I've always studied the most since I got on the market back in 0809, right? And when I look at the flicks, I see a company that I'm confident if Buffett was like 50 years old, obviously he's retired. If Buffy was like 50, I think he would fully understand this company in a in a great way. And I I am 100% confident he'd be buying this stock right now. And not just buying it, but like loading up on it, like making it a top five biggest position because when I look at this company, this has all the most important things Buffett looks for in a stock. It has it. Circle of Confidence. This isn't a a super complicated business to understand, right? Keep your current subscribers, grow more subscribers, grow international, grow the ads business out, go on pricing every once in a while, and keep buying content or creating content. It's not rocket science in regards to this. Circle of competence definitely could be in his wheelhouse if he was like 50 years old today, right? Economic mode. He looks for unique products, strong brands, cost advantages that block competitors from stealing market share. Absolutely. That's what this company really has. Yep. I mean it's a unique product obviously in the marketplace. They got an incredibly strong brand. They definitely have cost advantages when you look at their competitors. The competitors are very weak and debtridden in a major major way, right? And just not in a position to really challenge the flicks the way they need to. Trustworthy management absolutely you know if anything Netflix has this history of sandbagging numbers, right? Strong financials. He prefers a consistent high return on equity, growing profit margins in low or manageable debt. Oh, uh, that's all the flicks, everything there. And sensible valuation. He he buys quality companies only when they trade below or near their true intrinsic value rather than chasing market hype. Yeah. When you're looking at the flicks at a forward PE here of 17 18. Yeah. for a double-digit growing company, for a company that's grown their earnings per share at a 40% plus clip, that's a steel deal. So, you know, when I talk about this is a type of stock that if Buffett were, you know, a few decades younger, I think he would be loading the boat on, it makes perfect sense that he would, right? Which speaks volumes to really this is a buying opportunity, right? So, as of right now, it's about $136,000 position for the public count. I need to take this to like a quarter million dollars or above in regards to how big I want to make this position. I need to make this a big position in the public account. Like big big, right? This isn't nearly big enough. And so I want the stock to actually stay lower in the short term and I would love to build this position out much bigger than where we're at right now. Right now, let me address another thing regarding the stock cuz I've seen some people say things like, "Jeremy, this is your next PayPal." And so, anytime it seems like I buy any sort of stock that's like a little more of a value play, people are scared it's the next PayPal, right? Which PayPal for me was a stock I was in several years and made no money, right? So, I sold out of it obviously this year when the buyout rumors happened and I took $10,000 short-term gain and a $9,600 long-term loss on that position, right? And so, it it never made me any money at the end of the day, right? And I held that stock for several years years, right? And so, whenever I buy into one of these like value type stocks, people worry, is it another PayPal, right? And so, you know, I also heard this with Service Now and I heard this with Salesforce, right? So why is it not another PayPal type situation? Well, you there's a few things to understand. PayPal was a company that when their two main competitors were brutal competitors. One was Apple and one was Google, right? And they competed on basically identical products. There was really no differentiation you could really draw in. And also through Apple Pay and Android Pay, they made it arguably a lot easier to run transactions uh versus using PayPal or even Venmo in some situations, right? And so that's that made it definitely an uphill fight for PayPal. Also, PayPal didn't have nearly as many growth opportunities as somebody like a Netflix has, right? When we look at something like Netflix on the other hand, their competitors are very weak. when we think about their, you know, Netflix competes when it comes to professional premium content, right? And so if you look at the big professional companies they have to compete with, those companies are all in a much weakened state compared to somebody like the Flick and it's not it's like a night and day difference, right? We're talking about the Flick's margins. When we talk about how they run their business model, their financials, their balance sheet, they go against these super debt laden companies, right? That's a big difference between, you know, somebody to offer an identical product that you have like PayPal was having to compete with when it came to Apple and and Google, right? And so then you can say, well, the Flick has to compete for attention and time, right? Um, from all the different things because people spend time on Tik Tok and people spend time on YouTube and people spend time on Instagram and Facebook and all these sorts of things. And so, yes. Um, but that's nothing new. That's that's what that's what's been like that for the longest time now at this point in time. Ever since we started using smartphones, you know, there's just a lot of competition, but it also gives Netflix a great opportunity cuz now people can watch content anytime they want to watch content, right? So when I look at the flicks, I see a company that is um very much in a driver's seat in a a position of power and not in a position of weakness like PayPal. And all this money and cash flow that Netflix generates makes them even more powerful because they can go create more content that'll make them more money, right? And a certain amount of that content will be the hit shows and some will be misses and that's fine. um that's the way it is in content when you create content. But also when we talk about buying out sports rights, they're going to be able to if they want to get more and more into buying sports rights over the next 5 10 years, they can do that and that will help generate their ads business in a much much bigger way. And um it's still very early days for the company in regarding, you know, sports rights, right? And so, um, yeah, great company, a great buy right now in my opinion, and definitely a stock I want to load up shares on for a bit here. Okay. All righty. Next up here, let's talk about AMD and then we'll get into Meta. Okay. So, we got a big change. Big change. Like huge change. Okay. So recently in the market there's been a lot of worries about I mean they just came out of nowhere like semiconductors and uh spend and just a lot of like the market has this like fascination with all a sudden getting real scared and like are we in an AI bubble and maybe no one's going to spend on these chips anymore and there's always like just it comes out of nowhere all of a sudden it's just like and all it takes is like something to happen like you know, OpenAI like, oh, $50 billion run rate of revenue instead of $70 billion and it's like, oh my gosh, we're done, right? And so those things can come out of nowhere. But you got to understand if the market can switch that fast from like a bullish narrative to a bearish narrative. One thing can happen that can fundamentally change it from a bearish narrative to then a bullish narrative. And that moment happened last night. Okay, so SpaceX came out last night, Elon, right, and says that their capex could double this quarter. This quarter, not a year from now, not no this quarter as AI spending grows, right? Now, that is like a fundamental change there where it's like, oh my gosh, like SpaceX is growing its capex. Not only that, okay, and so that obviously brought up like all the semiconductor related stocks today. like AMD was up big, Nvidia was up big, MU was up big, like all those sorts of stocks, right? But the other thing that came out I thought was even bigger on that particular conference call was Elon starts throwing out these crazy crazy projections that SpaceX is going to be at a run rate of 500 billion to a trillion dollar of revenue in like the next year or two. Like he was just throwing out these maddening numbers, right? and they're going to get to this sort of gigawatts and just like crazy numbers. Okay. Now, I I don't think they're getting even remotely close to any of that stuff Elon was talking about last night, but it changes the narrative from this kind of like very shallow like limited opportunity narrative to like when Elon starts talking about, you know, these crazy numbers, all a sudden people start to realize like, oh man, like how much is SpaceX really going to end up actually spending over the next few years on capex? like because if Elon is even dreaming about these numbers like can you imagine what what's going to be out there for an opportunity right and they're going to need to raise a lot of money if they're going to even get remotely close to any of the stuff Elon was talking about on that that conference call last night right so that's a fundamental change of you know the thought process around these sorts of companies and it benefits the whole space right it's not like it just benefits one company or another company it benefits the whole entire space Right now, when it comes to AMD, right, we were ready for a shock and awe quarter last quarter and we didn't get it. Right. They beat their numbers. They beat the guidance, but it wasn't a shock and awe. So, we might be getting that shock and awe coming here, right? So, the as far as the numbers go, they're supposed to do 13.08 billion. They could come in and do a shock and awe there and maybe they do like a 14 billion number, 14.5, and that would knock everybody's socks off there. The high analyst is at 14 billion. So do keep that in mind. Right? If you look at next quarter that's at $16 billion. 38 analysts have numbers out there. But the high projection there is 17.6. So something to keep in mind there. Right. So they could come in and knock this last quarter's numbers out of the ballpark or they could knock the guidance out. If they really came in with super shock and all, they knock them both. That's what Nvidia used to do, right? But we're all waiting on that. Now, the other big change that's just happened here is Muse. Okay, so Zuckerberg just got off the conference call right now and he's talking about Muse could eventually generate more revenue per user than Facebook and Instagram with shopping already its most popular use and purchases averaging $200. That could give Meta an entirely new commerce business alongside its massive advertising platform. Right. Woo. Um so the this is huge for AMD right like if you if you believe and are getting of the assumption that Muse is like this is this is the next big hit product that's going to be massive AMD is seen as the biggest beneficiary of this essentially okay outside of Meta obviously and so because a lot of what Muse will end up running on is AMD chips in the end. And so this is huge for AMD's longerterm growth rates because it's one thing if people are spending on AMD chips over the next year or two in the hope of potentially having hit products and services out there over the next few years, right? It's another if they're spending on AMD chips because they have it, right? And so AMD seem or meta seems like it has launched a hit product here with Muse and that the potential is massive. How massive? We don't know, right? Is it can it really be bigger for on a per user basis for Meta than Facebook is? I don't know, man. That's a big assumption, but maybe it's possible, right? I'm not going to run out there and say, "Oh, yeah, that's for sure." I mean, like because I understand like how big Facebook is and how much money they make per user. And same thing with Instagram that it's hard for me to be like, "Dang." But it's possible, but they're going to have to not only get a billion plus users to use Muse, but use it in a massive way like they do Facebook and Instagram. If they could do that, then sure, they might actually be bigger, right? If it's bigger, it's big for Meta, but I'm telling you, it's really, really big for AMD. And the amount of money that AMD will make off Meta for the next 5 to 10 years is going to be ridiculous. And so um that's very exciting. Very very exciting. And and so the way I would look at news is every time you think about that, if you think about it as a success, just understand it's big for AMD. right now. AMD, listen, I know this might sound crazy, but I think there's a possibility the stocks is $1,000 plus in the first quarter. I know that's crazy, right? Cuz it's $552 right now. Now, with that being said, am I going to go buy more AMD shares because it might go to a,000 in the next couple quarters? No. No. No thank you. I don't need to do that. Am I going to go buy call options on AMD? No. No thank you. I don't even I don't you know although I think I can see how the stock could go to a thousand in the next couple quarters if they come out with the shock and all quarter more and more excitement builds around Muse um more and more people get excited about AMD's numbers capex numbers come out they're big AMD seen as one of the biggest beneficiaries CPU and GPU demand for AMD just going insane for the next few years like I can see how AMD gets to a thousand in the next couple quarters here but I'm not going to go out there and get greedy with it. I already have multi-millions of dollars invested in the stock throughout my portfolios. I don't need to go get greedy with it and be like, I'm going to buy even more shares cuz it might go up a bunch more short term, right? And um we're not going to play that game. We're not going to play the call option game or anything like that, right? I'm just sitting back and making a lot of money and probably make a lot more money over the next couple quarters here. So, and if it doesn't go to a,000 plus, that's perfectly fine with me. I think regardless AMD is going to hit a thousand plus in the next few years. So do keep that in mind. But at the end of the day with AMD it's a must own and it's a must own and you know I think every Wall Streeters's portfolio and guess what a lot of Wall Streeters are off sides this year right? The market's had a good year overall. A lot of Wall Streeters are underperforming the market. So they're going to have to chase the market likely November, December. So where where are you going to go if you need to get alpha in the market? AMD. It's as simple as that. You're not really going to go to Nvidia for the most part because Nvidia is having trouble really moving in a major direction. Like Nvidia was 200 plus last year and it's like 220 right now, right? AMD is the one that can move huge. AMD is the one that could go from 552 to 852 in 60 days, right? Nvidia is not going from, you know, 220 to 320 in 60 days. It's just not. And so that's where the big opportunity is. If you're talking about you got to play a game of catch-up to in with the market and try to catch up to the S&P 500 and you're like crap, I got to get position of some stocks that could catapult me over the next, you know, 60 trading days here as AMD. So they'll likely continue to see momentum shortterm and obviously longer term. So very, very exciting. It's a great stock though. I don't know what else to say. Okay. All right. Next one up here, Meta. So Meta, we got developments here in regards to Meta. It's been a tremendous stock for us up 610%. Taking a lot of profits on the stock over time, right? But let me be crystal clear about Meta. Messy. Messy. Look at that. How sad. How sad is that, ladies and gentlemen? Do you know what you're looking at? That's a Dgrade for Meta. A Dgrade. I mean, this was a company that would have A+es after A+es after A+es. This was, you know, this is like what happened to my straight A student. It got on the D's, man. Like, come on. But it is it is what it is. I got to grade him a D. I'm going grade him a D. Revenue was great. 26% growth year-over-year. Cost of revenue was bad. 45% growth there. R&D was bad. 32% growth there. So, we're way outstripping revenue, right? Marketing sales, they kept that in check, 17%. That wasn't bad. But then GNA was out of control, 323%. Keep in mind, 9.9 billion of that, right? So, a huge number of that uh was because of government related penalties related to teen stuff. This stuff just keeps coming up and up and up for Meta and it keeps hitting the numbers and hurting them, right? Total cost and expenses 68% rise year-over-year. That's ugly when your revenue is up 26%. Income from operations fell 37% from 20.5 billion down to less than 13 billion income from operations. Right? And that's really not good when you're spending that sort of money that Meta is spending right now, right? Income before income taxes down 40%. Now, they had this provision for income taxes that really hit them last year, which was like 19 billion. So, it made their net income look much smaller than it really should have been. And so this year they didn't have that issue, right? So it made their net income in EPS look better. But listen, man, you know, Meta is out of control with the spending right now. Zuckerberg's obviously pitching Muse as the next big product, and it might be, right? But that's not fixing things in the short term. Muse is not going to magically change Meta's revenue trajectory in the next year or two. next five years could be a total we could debate that for the next year or two. It's just not. But there's no doubt all this AI spend is massively hurting the company's profitability and margins in a major way. And it's going to get worse before it gets better. I keep saying that with with Meta, right? And uh I hope people are starting to see it now. It's going to get worse before it gets better because we got big depreciation coming. You haven't even seen how bad it's going to get yet. You'll see that really next year and the year after in terms of those really hard hits, right? So that's where Meta is a very conflicting company. It's a great company. It's got the best services out there that you want to be invested into, right? And it's got some incredible long-term revenue opportunities, but it's a very messy situation shortterm. And I still look at this stock and, you know, I made a big call on Meta this year, right after I saw their capex numbers. I said, "Oh boy." Like Meta is going to be a rangebound stock, right? Rangebound meaning 575 to 775 for a while, right? I still feel the same. I I I don't I feel like it's a rangebound stock. You know, until that capex gets cut or until they start generating massive amounts of revenue from a AI related product, it's uh just a rangebound stock. And so it'll get people excited. People will bid it up to 750, maybe even over 750. then people get depressed about it. Next thing you know, it'll be in the 500s and um it'll just kind of keep moving around there. That's my personal opinion on it. And uh and so it is what it is. You know, it is what it is. But the tough thing with these sorts of companies, right, you know, with the meta is you've got to stay focused on long term cuz Zuckerberg's out of control with the spend again, right? Um, but it's a great company for the long term. And so you have to put aside the weak numbers in the short term. And when I say weak numbers, it's not revenue. Revenue is not the problem for Meta. It's the spend, right? You have to put that aside and believe that will fix itself over the next 5 years. But just understand it's not going to fix itself in the next one to two years. And so you're going to probably still hold a rangebound stock. And me as a long-term investor, I'm perfectly fine with doing that with great long-term companies. I don't need to make money on all my stocks all the time, right? You know, when I started buying into AMD, for instance, I bought into that one before well before it started to move big, right? It's not like I need to make money right away on AMD. Meta. I've owned that stock in the public account since 2018 if I recall. Right. Yeah, man. We've been through a lot of ups and downs on Meta since 2018. Um, but at the end of the day, it's a great money maker over the long term, but it goes through these short-term time periods for one, two years where it's just very depressing stock. And so, that just is what it is, man. Um, but you got to stay focused on long term, ladies and gentlemen. You got to stay focused on long term. This is what produces the great results, right? And so that's what I remain focused on. All right, guys. Appreciate you joining me as always. Thank you so much for being here. Once again, uh, Thousandx Deal is coming Halloween day. If you want access to that, that will be the pinned comment down there. Click on that. Putting your name, your email, or your phone number, however you want to receive that deal. It will be a 24-hour sale on ThousandX. And uh once you join us in there, we'll send you your 1000X Steel card to your house. All righty, guys. Appreciate you.