저자: TomLee외Apple관련분석가들—제목기준발언자는TomLee · 외국인
요약 보기
Tom Lee는 최근 급락의 원인으로 AI 트레이드 의구심(브로드컴 가이던스), 대규모 자본 조달(구글·스페이스X·오픈AI·앤트로픽·메타 등)에 따른 공급 부담, 지정학(이란) 긴장 세 가지를 꼽고 강세장은 여전히 유효하다고 주장했다. 그는 금 발언 없이 비트코인은 AI 보안 익스플로잇 우려로 조정 받았지만 블록체인 수요와 자산 토큰화로 스토리는 여전히 양호하다고 봤다. 스페이스X IPO는 시장 고점 신호가 아니며 약 7조달러 현금 대기 자금이 흡수할 것으로 보고, 6개월 뒤 락업 해제 시점이 진짜 주의 구간이라고 했다. 테슬라는 머스크 노출의 기회로 언급했다. 같은 영상에 이어진 Apple WWDC 방송(Dan Ives, Mackenzie Sagallos 등)에서는 애플이 Gemini 기반 Siri 재편으로 AI 전략을 공개할 것이라는 기대가 나왔고, 애플 주식은 최근 52% 상승했으며 WWDC 이후 시가총액이 1.6조달러 늘었다는 언급이 있었다. 후반부 기술적 분석 영상(일목균형표 기준)에서는 대부분 종목을 추가 매수하기 어렵다는 입장이었으며, 기술적 분석 대상으로 SNDK는 상방 가능성이 있다고 평가했다. 단 대상 자산 중 SNDK는 목록 외 종목이라 제외 가능하다.
다듬은 글
Blue cloud trading [singing] through the night. The chips are now leading the markets higher again, shaking off last week's big sell-off. Welcome to Power Lunch. I'm Kelly Evans with Brian Sullivan who is in Washington DC today. And the dip buyers are back in big tech. Tom Lee is here with the three things that matter most from here and where he sees the market headed next.
Brian and Kelly the cook is leaving the kitchen at Apple. Tim Cook giving his last keynote to CEO for their biggest conference. Will he go out with a big AI bang and send that stock flying? Plus, now 100 days in the Iran war at a critical point after weeks of false starts and new missile attacks just this weekend.
Will the world get a real deescalation? Fred Kemp of the Atlantic Council is here. Hi everybody and hope you certainly had a great weekend which we know may have been tough after Friday's monster selloff and this may be a new week but it kind of looks like the same old market. Yeah, the Dow may be a little bit lower right now but tech stocks are rocking.
The chip stocks that fell on Friday they are soaring today. Marll, KLA, Intel, Micron all up 10% or more. Broadcom up about two. So given the market moves that we are seeing today, what do we make about what happened on Friday, which was the single largest point decline ever for the NASDAQ and some of the biggest percent declines since the March 2020 co panic?
Well, here's what some are saying. Edardenni calling the recent drop a quote rotation, not a correction. Morgan Stanley's Mike Wilson says a pullback was inevitable and ultimately healthy. But on the flip side, Bank of America's Sevita Subermanian urging investors to take some profits, warning there are simply too many red flags now flying over US stocks.
We are guessing that your first guest today may disagree a bit or entirely with that statement. Joining us now is Fundstrap managing partner and CNBC contributor Tom Lee. Tom, good to chat with you. as as best as you know or can tell what happened on Friday and what happened today because those days 48 trading hours apart are very very different.
Yeah, Brian, as you know, um stocks had done well for some time. So, I think there's a lot of people that are worried about the air gap below because so many stocks move so quickly. And then jitters emerged. Uh I'd say three jitters emerged uh last week. The first is you know how strong is the AI trade especially with some of the guidance that came out of Broadcom.
Uh the second of course is just the realization that Google is going to raise 80 billion plus SpaceX 75 Open AI maybe 100 you know anthropic 75 and and then Meta of course filed as well. So there's a lot of equity being raised and asking the public to fund that. And the third is of course you know the geopolitical tensions.
I think people get generally nervous into a weekend and they're worried about whether there could be something happening in Iran. So I I think those are the jitters and as you know uh we get these pullbacks. You know in our opinion and we post we public we commented over the weekend on this. I think it's a false narrative to think the bull market is in trouble.
I think the bull market's still in intact and in very good shape. Tom, Tom, it's Kelly here back at the studio and one of the areas that's been obviously most under pressure is crypto. Um, and I know that you say people shouldn't give, you know, throw in the towel, but I think it feels like a lot of the kind of buying velocity has simply left this space and I'm not sure when it will ever return.
Well, yes. I mean, Kelly, I think people are really disappointed by crypto this year because number one, uh, they didn't go up when AI was going up, but in some ways, crypto is a downstream story of AI because as AI capabilities go up, we already hear it from a lot of those AI researchers, it's going to increase the need for blockchain because that's the only way to prove and validate transactions and actually protect us from AI.
Um, last week I think that there were some highprofile sort of quote AI security exploits. One that happened on the Orchid suite for Zcash. Um, and that caused some panic. I don't know why it should have caused all of crypto to sell off. But keep in mind, AI exploits are happening at a rapid pace and an increasing pace across all of financial services.
It's just that the publicly traded banks don't actually reveal the exploit. So I think that these attack surfaces are increasing everywhere and we have to be mindful of that. And the third is uh you know Wall Street is still tokenizing. It's a real it's a it's a big innovation turning money into software tokenizing equities and real estate.
These are composability issues that only happen on blockchain. So to me I think the crypto narrative is still in good shape. But you're right the the excitement and the FOMO has been in AI. You know, Tom, going back to the stock market, seeing some of the mag seven stocks down, the Dow is down just a touch.
The Nasdaq 100 is still up 2%, but all the averages have come back. We'll likely end the day higher. But if we were to not, if the S&P were to end the day lower after the boom that we had for the first couple of hours today, would in any way that change the way that you look at this market? And if not, what would?
Well, Brian, there is going to be uh a lot of tension in markets until June 12th because I'd say there's a very large camp of our institutional investor clients that would say SpaceX is going to be the market top. Um so they're anticipating the markets to wobble. So what they're going to do is take profits and be cautious onto that date.
But um I'd say that history shows that the SpaceX IPO should not actually mark the market top. It's it's actually rare a big IPO marks a top. So to us, I think it's actually misplaced concerns. There's still 7 trillion of cash on the sidelines and we already know the book's been filled. High net worth clients have a lot of cash available to buy this IPO.
So I think the market's going to not only absorb this IPO really well, but I think the market's going to do well post IPO. If you only had a fixed amount of money, Tom, would you in invest in these IPOs? These are uh some of the most important companies led by what they call N of one people. I mean, I don't know if there will be another Elon Musk in our generation.
So for investors who have not owned Tesla, uh this is a chance for them to have exposure to Elon Musk and all of what he's envisioned. And again, the addressable market for AI and especially data center and as you move into space is actually sizable. Yeah. I mean, what do you make of the SpaceX IPO, Tom?
I mean, kind of to follow up on Kelly's point, fixed amount of money, would you invest? Okay, fine. But you were saying some of your clients are suggesting it might be the market top, and you disagree with that, but why are they saying that? like what is it about SpaceX that seems to be kind of enveloping the entire market's imagination?
Yeah, Brian, there is uh some correct observation that an institutional investor could make which is SpaceX is really a two-part public offering. There's the IPO and it's going to be 75 billion. The second part is the unlock of the 1.7 trillion of shares that are held by private investors, many of which have made uh generational wealth being seen investors that unlock 6 months later.
Now many people are going to look back to 99 say hey when that unlock happened then the market topped because now you're releasing massive supply. One reason I I think it's going to be less of a pump and quote pump is out of the but less of a sell everything after lack of expiration is that these AI companies including SpaceX aren't fully funded.
So they are going to try to maintain a cadence of information and a relationship with public markets to make sure they can access capital markets for the next 5 years. So I think that's why I'm not as bearish about these sizable IPOs and the subsequent lockup which is 6 months later. So if someone's trying to call the top, they should be thinking 6 months out.
But again, I'm not that bearish about that. Not that bearish about that, but I think you're right. The whole world watching SpaceX watching Friday and we're watching you, Tom Lee, and we appreciate it. Thank you very much. Thank you, Carl. Thank you very much. Welcome to Certino, California, where in less than 1 hour, Apple will begin its most important annual event, its worldwide developers conference.
It's a critical moment for this company and its outgoing CEO Tim Cook, who presides over his last WWDC. Welcome to this special halftime report. I'm Scott Walker. We are live today from Apple Park. The question hanging over this year's gathering after two years of delays and disappointments. Will Apple finally deliver on its AI strategy?
And how will it be received by investors? Stocks been surging to new highs lately, close to another new high yet again today, which makes the events here all the more important. Our team is at the ready. Here on site, our Apple reporter Mackenzie Sagallos, star analyst Dan Ives of Wedbush, CNBC contributor Big Technologies Alex Canowitz is in San Francisco for us today and the committee is standing by as well.
Joe Teranova, he's been aggressively buying Apple shares lately. Jim Leventhal and Bren Talkington own the name as well. They are with us as well. We bring it out and we welcome you live today to Certino. It's good to have you with us. Mac, it's great to have you. Dan, of course, great to have you here as well.
Mac, why don't you tell us what you think we should expect today after what we suggest are 2 years worth of delays and some would say disappointments. We're looking at a revamped Siri and I'm thinking about this in four different buckets. They teamed up, Apple teamed up with Gemini. So, we're going to see a Siri powered by Gemini.
We're talking about capitalizing on this flywheel of data inside the iOS ecosystem, personal context, onscreen awareness, things that they pitched two years ago. [snorts] Separately, multi-command support. We're talking about an agentic experience through Siri. Third, they're going to potentially open up Siri to other models.
They've already had that relationship with OpenAI, potentially opening that even wider Beyond Gemini, maybe anthropic. Plug in, whichever chatbot you prefer to use, and then a standalone Siri app, something that Apple previously said that they wouldn't do. This is something that would compete with chatbt.
Of course, this is a big debut for John Turnis, now the incoming CEO, and he has to sell developers on Sirius, the ideal platform to build build these new agentic AI capabilities because they really need to get devs on side. Okay. So, what you're telling me is today's going to be all about Siri and and we should have known as as much by the invitation that Apple had sent out.
It had a bit of a a glow, I guess, to it, which some would say, you know, was pointing in in in in these directions. Why has it taken so long? Why are we saying 2 years after they first talked about Apple Intelligence are we at this moment today? And if you really want to backdate, it's 16 years since they acquired the company that became Siri.
They were really first on this voice command tech. When you look at the delays of the last two years, a lot of it can be chocked up to management, right? We saw this huge changing of the guard in the AI team. And as much as we talk about the vision pro not succeeding in a commercial sense in terms of sales, we did see Mike Rockwell, the architect there, come in, take over this AI project under Craig Federigi, the software chief, bring in a lot of his vision pro team to help rebuild what's going on there.
And we saw John Gandrea, the former AI chief out Amaru Bermana and who led engineering at Gemini. So just this really thoughtful reorg. Tim Cook reportedly more involved in this AI reboot than he had been in any other project in the last decade. Really getting hands-on. Usually yields more to his lieutenants.
And then the last thing that I'd say is that they gave up on this fight to be an LLM that's competitive, right? They are licensing this tech from Gemini reportedly for a billion dollars a year, which is nothing against the 20 billion that Google pays them for search. How does this match up with your expectations today?
You say this is going to be a foundational moment for Apple's [clears throat] AI strategy today. Look, I mean, they essentially threw away the treadmill, threw away the whiteboard, and the finally we're actually going to see Apple get in on the AI game. I mean, like, look, you you could be late, but when you have 1.5 billion iPhones, 2.5 billion iOS devices, they are going to be the toll collector on the AI highway.
And this is it's a monumental day for Cook handing the baton. monumental day for Turners and I believe Scott when I when I think about what amount of AI is baked into the multiple what's baked into the stock I think it's minimal and that just it's our view that's the opportunity here after obviously a few years disappointment there may be delays there may be disappointment as Dan said the interesting part of this story Joe is that investors have largely given Apple the benefit of the doubt as I said the stock is right around a new high yet again believe it or not It's added $1.6 trillion in market cap since last year's WWDC.
Investors have just assumed that they were going to eventually get this right. Maybe that's in the stock at this point. You've been a big buyer, as I said, right off the top of the program consistently. We made a wall to show our viewers the prices and the dates in which you started accumulating this stock again in a pretty consistent manner.
There it is. What has sold you on the idea that it was time to do what this wall suggests you have? So, Scott, I believe I'm getting in front of three things. First and foremost, most importantly, a tangible AI vision. It's been missing over the last two years. And as you correctly state, that's allowed investors the time to build positioning and really not be frustrated by the lack of delivery and still have an adequate performance.
Secondarily, revenue growth is accelerating for this company. That's for sure. They're going to do 15% in 2026. That's up from 6% last year. And over the and looking back three years ago, you're talking about flat revenue growth. And then thirdly, if you think about the momentum factor and you think about the momentum story in the market currently, Apple hasn't participated in that momentum story over the last 18 months.
The two largest momentum ETFs are the MIT MTUM and SPMO. Neither one of those momentum ETFs own Apple. So, it's the rebuilding of positioning. And I think collectively those are three catalysts that I'm getting in front of and it's the reason why I've been buying it since the end of March. Dan, the stock's up 52%.
Over the last year, why do you think investors have been giving this company the benefit of the doubt? If I told you a year ago, we still don't have anything tangible on AI and then we're going to meet a year later and Apple's going to have added $1.6 trillion in market cap, you probably would have said, you're crazy.
Why have that? And and it speaks to, you know, we went to $400 price target. It's our view and we've talked about is that the consumer has just started the AI path. So when you think about LM where everything is today, you you 20% of the world is going to access AI ultimately through an Apple device.
They had to get in on the game. Finally, they are right. I mean, they basically ripped the band-aid off and now we're here. And it comes down to monetization. I think 75 to $100 per share that could get added because of AI and then just to put some numbers around it 100 billion of services you start thinking about could you get an incremental 15 20 billion of services that's why it is the sleeping giant I think today is going to be a Jaylen Brunson moment for Cook and Turnis
you're not the only one who who thinks that you know Mac Eric Woodring of Morgan Stanley says this event today has the chance to quote reframe Apple as an AI winner He says the stock could be worth 365 to 385 if they get it right. They see upside past 400 to 440. He does especially if they do what Dan I've suggested they can sort of reignite growth a new growth engine for their services business.
I mean they're already track tracking for $124 billion in their services business this year absent becoming the toll booth for consumer AI. I love how you put it. and and and so if you are able to capitalize on that, whether that is charging the model makers for being able to port into Siri or potentially this new AI app store that would be a dedicated home for these new models.
It it it's it's something that they haven't been able to tap into yet. And what I will also say is that Apple's been big on its chip strategy in terms of ondevice local inference. So winning at the edge, not having to rely on the cloud. That also helps them capitalize on their privacy flywheel, which is something that's always been a selling point with the consumer.
I wonder, you know, Bin, there's a still a bit of skepticism around the the strategy itself and whether whatever happens today, and we'll find out, as we said, in less than an hour if it's truly going to be a needle mover. Mafet Nathansson is a bit more skeptical than the commentary you've heard from Ives and the one that I suggested from Eric Woodring.
They say that today Apple needs to show quote evidence of a genuine step change. no more incremental moves that they need to take a step up or a step forward in a big way to clearly define what their AI strategy is and make sure that un make sure that investors truly see it and believe in it. I think that skepticism is is healthy and I think they will execute.
First of all, when you look at the Apple, like I have the Apple, the new Apple, there's this action button, Scott, and you push the action button, and I have Gemini there right now, and it opens up, and you just talk to it. But right now, it can't do anything inside of your phone. But when you think about who the AI winners are, you you want to start with enterprise, and you want to start with consumer.
Without a doubt, Apple is the consumer winner. Every year, every week, we get how much Apple did we spend on our phone? Well, everyone's usage is going up because they're they're on their phone more doing different AI buckets. And so, I just think this is their this is their technology to win. We don't want to open AI phone.
We don't want a metaphone. We're happy with our Apple phone and I think it's going to continue to get stronger and they have this huge mode. And so I just think that the skepticism is healthy, but I do think there's such good upside potential because really you just need to unlock Gemini so it can go into our phones and we can actually have it do things and they already have the action button that you just sit there and just very easily could talk across.
I will say the one risk though is for all of these apps that are that are advertised based. If Apple executes, those apps are going to be I think in a host of trouble because we aren't going to go have to suffer through those ads because we're going to go directly to where we need using that action button that they have on the new phones right now.
I I saw you, you know, Dan, I you shaking your head in agreement, nodding your head in agreement in a lot of what Brenn was talking about. I think Bin hit on an extremely important point in terms of open AI trying to do the hardware. They're going down the phone that's that that there's a better chance of me in the NBA than that really be success.
So from the hardware thing about what Zuckerberg's done on Meta minimal strategy in terms on the hardware Apple has the moot. They have the 1.5 billion iPhones. Now you don't have to be the best and as you've talked about that's not what they're trying to be. But now they're actually in the game. And once you're in the game, the monetization of that, that's what's now going to start to get factored into
Jimmy. You know, the maybe the wild card in this story about the stock is the valuation. You know, it it's above the historical average and and probably by a lot at this point. And that has prohibited some of your committee members from buying the stock. They just can't get their arms around why Apple deserves to trade at the premium that it does.
How would you address that? It's near 34 and a half times forward. Yeah, you know, I think there's always this tension between the fundamental analysis, which I agree it is expensive, and then on the other hand, listening to what the market is telling you as it's done nothing but go up over the last several quarters.
Scott, I think the way to play that as a portfolio manager, many people agree with me, and we've talked about it on the show, have a core position and have a trading position. My core position goes back to 2013. And that's a $15 cost basis. That's unlikely that I will ever sell that. The trading position goes back about a year ago, post liberation day at $190 a share.
Now, I will tell you my squaring the circle with regards to valuation is that if the momentum gives out for any reason, if all of the uh the praises that we've just heard uh about what may come today doesn't come to fruition, then it gives me an opportunity to at least reduce or maybe take out the trading position entirely.
What you're hearing from me is um somebody who has a market weight in the in the stock but is a little skeptical both because of the valuation that you mentioned 34 times earnings three and a half times PEG ratio and also a question after two years of kind of having Lucy pull the football away from Charlie Brown in terms of announcements uh will this be the one that that really as Dan IV says uh changes the game as a step function up um market's been going up for the stock so I'm happy but I I am skeptical.
Joe, you have to be fully comfortable with where the stock's trading. Quite obviously, if as we put the wall back up, this stock's been richly valued uh for a while now and you continue to buy it. The the wall that we made documents exactly along the way where you have continued to buy it. So, do you not have any concerns at all about the valuation of shares?
Don't have concern about the valuation. I don't see today as a makeorb breakak moment. If in fact today they don't deliver on exactly all these high expectations that myself and others have and the stock were to fall, I think that the investor base will do what it has done over the last two years. Give it the benefit of the doubt and be patient cuz ultimately they will deliver.
They will give you the tangible AI product and it'll go directly in the hands of the consumer. And guess what? they're not spending what the other hyperscalers are to deliver that. So I foresee that they will deliver today. I also have been building this position as I said because I think people from a position standpoint have walked away and I also believe that the revenue growth acceleration in particular as it relates to China is critically important and that afford affords you the time to allow them to ultimately deliver on this tangible AI strategy.
So today's not the make or break moment. I don't think I want to take the other side of that cuz I I feel I'll bring Dan Ies back in. I feel like this very much is a makeorb breakak moment. We've waited two years. People are frustrated with the delays. You use the word disappointment. The stock has added a tremendous amount of value since last year.
We're at basically record high levels now. Do you think it's a make orb break moment? Make break. And I think Cook knows it. Turner developers know it. You we've been here the last few years where there was excitement then now was ultimately they never came through and the promise last year sort of shrugged the shoulders.
There's a reason the baton's getting handed turn us now. And now you look at it. China in a much much better position than it was even a year ago or two years ago. Cook 10% politician 90% CEO. Now you're going to have the product. You combine it with the AI strategy. I think that's why we'll be sitting here.
Apple have a four in front of business. Well, we'll we'll talk more about the baton pass and the fact that the the tech trades getting a nice bounce because what happened on Thursday and Friday was just downright ugly and many of the names that had led the NASDAQ lower are rebounding significantly today.
I'm talking about the chip names, specifically the memory stocks. We can cycle through a bunch of those. Jensen Wong said over the weekend that the selloff in tech is a buying opportunity. You had to figure that it was only a matter of time, Dan, before investors would look at the declines in those stocks and agree this.
I mean, Thursday and Friday alone, the SMH was down 10%. Right? Micron was down 20. Broadcom was down 19. And maybe that was the name that started this whole bit of unrest in the in the tech market in in general. But what about the rebound today? Do we do we think that what we witnessed late last week was just a couple of days worth of weakness and the buyers are going to are going to come in and mass and keep this trade humming along.
What do you think? I think buyers are going to continue to be it's our view dips should be bought especially in a memory super cycle. Everything we've seen Korea I mean over the weekend our check showed just even further tightening in Taiwan in terms of supply. You know Jensen in between meals you know in Korea.
I mean, he's inking deals left and right from SK to others. And it just speaks to our view. We are in third inning, one out, man on second in terms of this game for AI. And that's why I think you're going to have these sell-offs. SpaceX, maybe it causes, you know, you know, a little white knuckles going into that this week in terms of, you know, sucking out some auction.
I think that's the the wrong narrative of some of these other names. You own the winners in this tech trade. We are still early days. And I think look think about now Apple getting on the AI game consumer that's just going to be the ripple effect just like the godfather of AI Jensen's doing in Korea.
You know Bren Micron's target today 1220 it just to show you what these stocks have done how crazy they've gone. I just don't recall a time where you've had price targets get blown past so easily and so quickly. Wells had a 550 on Micron. That's so last week 1220 is their new target. Marll's going into the S&P 500 later this month.
That stock has been sharply higher. Do you feel like that was just a couple of days of of shakeout that we did whatever work we had to do in terms of the the tech trade itself, clean it up a little bit and just were right back to feeling okay about it? Yeah. I mean, I think the the water was boiling and we need to take the lid off and let some steam out.
Okay. because we were just getting just too frothy. You know, the the Marll to me when Jensen says this could be a trillion dollar company, that's absurd that it just goes up whatever 30%. It makes no sense. Okay, just that needs to be once again take the lid off and let some steam come out. I do think though a lot of this is more about the analysts being so behind the eight-ball.
To me, going to 1200 is not it's 20% higher. It's why were they at 550 for so long and so don't forget these analysts follow price action. It's not the other way around. So when it was at 300 that they said it was going to,000 that's relevant. But saying it's going to go 20% higher once it's already had this monster move to me is more about I think these analysts have really just missed the huge revenue the huge earnings growth to Dan's point as we are in this like third inning.
And I think this inning last multiple more innings but you do have to say that Scott the technology is new. We're in very early innings but don't confuse that with what's priced in. And so to me, that's my balance. That's my my true north is just trying to balance between the the innings of the technology versus the reality of what's priced into a lot of these stocks.
Okay. All right. So, Brin, Joe, Jim sticking around. AK sticking around. Dan Ies is sticking around. We're going to take a break. We'll have much more coming up from SpaceX expected to begin trading at the end of the week. Leslie Picker is here with a look at how investors might be positioning ahead of that event.
Maybe that's what we've seen a little bit, Leslie, in this market. Yeah, I think it's more than just a coincidence here, Scott. SpaceX is targeting about 30% of its 75 billion dollar offering to go to retail investors. And that cohort may be behind some of the recent volatility in the equity markets that we've seen as that cohort sells recent winners to free up cash.
Now, recently, retail investors have been chasing the upside momentum in semiconductors, in hardware, in AI power names. Micron alone has seen 6 and a half billion in net retail flows in the last month, helping drive that stock's 87% upside. Now, at the same time, you've got these US equity levered ETF assets, which have reached an all-time high of more than 175 billion dollars, concentrated largely in the NASDAQ 100 as well as semiconductors.
BNP Pariba believes it's not a coincidence that the NASDAQ's worst day in over a year last Friday came a week before the biggest IPO of all time and it may continue. The firm says quote selling flows in recent winners and levered products from retail to invest in SpaceX could be very large according to BMP Pariba.
The firm hypothesizes that retail plus passive flows into the IPO could be about $50 billion. If retail sells out of levered ETFs, that can create even more disproportionate pressure ahead of the IPO just given the magnitude of leverage involved in those products. Scott. Okay, Leslie, thanks. It was a good look at that.
You agree? Is that is that some of what we've seen in the NASDAQ [clears throat] late last week? Oh, yeah. I I I think that's I don't know percentwise, but I mean that has played a role. That definitely has played a role. And I think it caused some investors to be like, "Okay, maybe sell some of their, you know, massive winners, you know, in terms of what's going to happen to SpaceX." But I do not believe this is sucking oxygen out of this market.
It's a near-term blip. And I think that's what we're seeing today in terms of the rebound. Alex, how do you think about this IPO as it's about to come to market, how you think it may perform on Friday, which is going to be a really exciting day. Yeah, I think the valuation is definitely out of sync with reality.
It's way too high. Uh but I don't think that's going to be a problem for SpaceX. I think when you look at the hunger from retail to get into anything with momentum, uh joining Elon Musk's rocket company is about as good as it gets. So I expect them to have a very successful day on Friday and I think that this stock is going to have a big pop at the very beginning.
Bin, how are you thinking about it? Going to buy some? Well, you know, we already own it in quite a few funds, but I thought it was interesting. And I saw over the weekend, you know, Ron Baron, he's taking down a billion at IPO price to go into his funds. So, you know, the the long-term investors continue to stay in.
I agree with Alex. I mean, on every metric, the the valuation is is insane. It will IPO like 30% more than Meta's valuation. And so, that being said, there's a lot of excitement. It'll be historical. I do think between Google's raise of 85 billion now this if Meta does the same we'll see I mean this is historical to have all of this happening at once what type of indigestion but I definitely think part of Friday and also with crypto is definitely people saying I don't have to make it back the same way I lost it I want to make some room for space I can try to make some of that money back um in in this stock so it will definitely be historic probably goes two plus two to two and a half trillion which is insane on Friday.
Yeah, it'll it'll be exciting. As I as I said, we we really can't wait just for the spectacle of the biggest IPO we've ever seen to hit the market, especially as we have some questions about parts of the tech trade, how it's received, some of the mechanics of positioning ahead of that, and then all of it to see how it, you know, plays out on that Friday.
We want to hit some committee stocks that are on the move today. It's a big deal for Corning, Joe. You own the name. They strike this deal with Amazon to power data centers. What do you think? And this piggybacks with the prior deal with Meta. Uh Scott, I think this is really speaking towards what the personality of the AI market is.
It's about demand and it's about supply and you see the hyperscalers developing the relationships to secure supply. Optic fiber cable is critically important in that regard that impacts positively Corning and also Marbell. Okay, let's talk about airlines because uh United Airlines says affluent uh affluent passengers are still spending money.
Global airlines have slashed their profit forecasts because of what's happening with the war and oil prices. Jim, you can go first. You own Delta. Well, I I think you just answered the conundrum here, which is how can it possibly be that the one-year return on Delta is more than twice that of the S&P 500, even as West Texas Intermediate is 60% higher.
The answer is the front of the plane is getting larger and it remains full. And that's where these companies are making their money. But I think there's also an important point to be made here, which is that while 2026 estimates have come down for every airline, whether it's earnings or or or free cash flow, next year's estimates have stayed relatively consistent, which is a way of the market saying that it thinks the straight of hormones or at least the oil market will return to some semblancy of normal uh before the year ends.
That remains to be seen. Um, so that's where this could get a little dicey is the longer the street of Hormuz closes and oil reserves dwindle. That's what we got to keep an eye on. I want to take a look at shares of Lily too, Joe. This company just continues to have successful trial results around weight loss and the stock continues to react to it.
Yeah, you have the initial shock shot rather and then you have these nextgen shots and Eli Liy is clearly the leader in that protecting their market share then also going out and utilizing the significant revenue growth that they're experiencing to fund diversification in their product line. This is a trillion dollar company, welldeserved, trades like a biotech.
I continue to see it moving higher. All right, final thoughts. Dan Ies, a watershed moment for Apple and Cook and I do not expect disappointment, excitement. Mac instilling confidence in developers. This is battle royale to get them to build on Siri and not on Microsoft or OpenAI. They need to convince them that this agentic plan is going to work.
Let's do final trades if we could. Joe, you have one? Old Dominion. All right. Thank you, Farmer Jim. Excellent mobile. It's going to be a long time before oil prices normalize. And of course, Nvidia is yours, Bren. It is bouncing off the 50-day should go higher. Okay, so we'll follow everything that happens today here at Apple Park.
The stock Apple is up 2%. We'll see you in a little bit. Kelly, thanks so much. Closing bell is live today from Apple Park in Certino, California. Good afternoon. I'm Scott Wapner. The company's Worldwide Developers Conference has wrapped up. Did Apple finally deliver on its long awaited AI strategy?
That is the key question. We will ask our experts over this final stretch. The stock, as you see, is on the move. It was higher. It is now in the red. We'll talk to shareholders today. Find out. Did Apple accomplish its goal today? Otherwise, the markets have had a pretty nice rebound from that techled selling late last week.
S&P and the NASDAQ are nice and positive. Russell's green as well. Many of the chip names hammered on Thursday and Friday have rebounded as well. Micron's good for about 10%. A lot of the names in that orbit are substantially higher today. We're now in the closing bell market. Mike Santoi and Blue Line Capitals Bill Baroo are here to break down these crucial moments of the trading day.
Cena parts and tracking the rebound in the chips today. They are significant. Michael, I'll begin with you. Was this one and done or two and done? We'll see. I suppose we will see. I think today's uh showing is a little bit unpersuasive that it would have just be one and done. There wasn't a whole lot of uh you know conviction behind this bounce attempt mentioned to you uh in the noon hour that the S&P had just kind of gone up to what you would consider the deadcat bounce level.
The 20-day average didn't go up beyond it. We've faded since then. Breath has been worsening throughout the day. There's nothing particularly worrisome happening internally, I don't think. I mean it's not as if you know the the economically sensitive stocks are showing you any concern. It's much more about was that positioning jolt that we got on Friday sufficient to just sort of skim away uh some of the excesses or not and is it on on higher from there.
So obviously there's a lot of you know cards are going to turn over this week on macro as well as this IPO and uh I do think that the market's going to be kind of holding its opinions close until we get through that. I suspect you'll be investigating this further in about four minutes or so for sure.
And in fact, we have a uh kind of noted uh bear on the AI trade for months now who's uh going to tell us what he's currently thinking about this little reset. All right, good stuff. See you in Mel top the hour in overtime. That's Mike Sani. Christina, you've really been in the center of the action today.
I mean, this is where the rebound has been most acute, right? A lot of these chip stocks like the microns of the world which got hammered last week, really nice rebound. which seems every day or every time we see these stocks fall off, they get bought up. So, you're seeing a rebound across the board, every stocks component, like you said, higher, recovering specifically from last Thursday and Friday's Broadcom driven selloff.
Broadcom earnings were on Wednesday afternoon. Intel though leading the way today. the top S&P 500 performer up uh about 10% at the moment 11% after the information reporting Google and Nvidia are evaluating Intel as a pack a potential backup chip manufacturer to TSMC. Intel saying it doesn't really comment on customer engagement.
Uh memory also very strong. So Micron definitely moving higher 8% 9% higher after falling 13% just last Friday. Wells Fargo raising its price target to 1,220 bucks. And then you also have memory maker SanDisk and AI chipmaker Cerebrris both higher after Wall Street price target upgrade. Specifically, Cerebrus getting nine initiations today.
And then rounding out all the movers, Marll is set to join the S&P 500 on June 22nd. So that is why those shares are higher. And KLA, it's a chip equipment manufacturer on pace for its best day since April 2025. The sector that led the selloff, Scott, is now re leading today's recovery. All right. Certainly is.
Christina, thank you very much for that. Bill Baroo, are you a believer in this bounceback today? Yeah, I I think it got exacerbated to the downside. I think there was an explosion in put volume. you had a lot of leveraged ETFs selling and they yeah and and uh you know I think that Broadcom you know kind of got that ball rolling and saw some more profit taking in tech but I I think we stabilize and I think the the rally can continue.
I mean there are some non-believers that we just really going to have two days worth of shakeout and then it's all good. Now we we got I mean a lot of those charts were straight up to the right Bill. Yeah. Yeah. You know, this is very similar looking back to August of last year. You had a non-farm payroll report August 1st.
The S&P hadn't touched the 21-day moving average in a couple of months. We sold off very very sharply on that Friday and that was the low and then the summer rally took hold. Same similar move in in October. Now, can we chop around a bit? I I think the market does need to see a bit of a rotation. Needs to see leadership.
We've been leaning into healthcare and financials. I'd like to see those sectors that did well on Friday while tech was down continue to show up and and names like Eli Liy Bergkshire JP Morgan City a lot of those names ABV I I think if they can do very well and show up I think this rally is going to continue to move I think today's a bit disappointing is you don't see the healthcare and the financials really continuing that and it's just a bounce back in tech
bill give me 15 seconds on Apple your big takeaway you own the stock they're slow playing it. The disappointment is no clear date uh this year. It's probably likely 2027, but you got Google's Gemini engine. You got Nvidia chips, you got Apple's Siri intelligence and visual intelligence. It's exciting, but we got to see it live.
All right. All right. I appreciate that. Thanks for joining us, Bill Baroo. We'll wrap it up here from Apple Park in Certino, California. Another another WWDC is in the books. Now, we watch to see how the stock reacts in the weeks ahead. You can see we're green across the board other than the Dow. Nice bounce back for a lot of tech today.
I'll see you tomorrow from One Market in San Francisco. Hey everybody, welcome to Blue Cloud Trading. I'm George. It's Monday, June 8th, and it's 6:47 p.m. Eastern time as I'm recording this video right now. Uh we just saw some clips from CNBC, the halftime report, closing bell. Tom Lee was also on and uh you know talking about what happened what transpired today and as you can see the Dow was actually down.16% uh it gapped up a little bit didn't really do so well right uh NASDAQ gapped up moved up slightly more and then started the rest of the day from 11:00 a.m.
Okay, it started to drop. You can see that downward channel. Same thing with the S&P 500. We had a gap up, a little bit of a sideways action. It moved up slightly more and then it started to drop. The S&P 500 actually closed up just30%. Russell 2000 did something similar. Gapped up here. Um, basically stayed around the area of where price had gapped up in the morning.
The Russell 2000, it was up 87%. Now, interestingly enough, what you're seeing here in this little uh smaller aftermarket performance is uh stocks are actually dropping a little bit. You can see the red here in Nvidia, Broadcom, Apple, Micron, Microsoft, AMD, Intel. Uh here's an article that just came out at 6:29 p.m.
here on Monday, June 8th. Stock futures slip after the chip rebounds rebound lifts S&P 500 to winning day. It was a very bullish day overall in the early part of the day. So, let's do this. Um, we're going to go ahead and start covering. Let's see how the markets actually closed. So, this is what it looked like at 4 p.m.
when the markets actually did close. Nvidia and a lot of the semiconductor stocks were up quite a bit. Microsoft was down. Apple was down 1.89. It closed down 1.89. Uh, Google and Meta were down. Okay. The utilities stocks were in the red. Real estate was in the red. Basic materials mostly in the red here.
Uh but the consumer defensives they were mixed. Industrials were mixed as well. Uh you can see the healthcare stocks. Uh there were some winners like Eli Lillly UNH but like Johnson Johnson was down. Avy was down. Uh and Tesla was actually closed out 4.59%. But what does this heat map look like now at this time after the close?
Let's take a look at the aftermarket performance. That's the cool thing. we can do here with Finn Viz Elite. And so there you go. You can see that they they're all dropping a little bit after hours. Now, QCOM does happen to be up 2.62 after hours. It doesn't necessarily mean that in the morning it's going to be uh all the indices here, I'm sorry, all these stocks are going to be down necessarily because there will also be the morning, you know, pre-market, right before the market opens, there might be some more action there, too.
So, but this is not a very conclusive, you know, turnaround yet. Okay. And so, what we're going to do is take a look. Also, let's look at the groups. Let's see how the stock groups here. You can see technology was in fact up 1.68%. Uh, for the day, energy followed it up 0.94 and then consumer cyclical, utilities were down 1.7 the most, followed by real estate.
You look at the oneweek performance, different picture. Um, healthc care, consumer defensive, real estate, energy, and financial are the top performers. And then on the bottom were basic materials, technology, communication services, and consumer cyclical. And here's the one-mon performance with technology still in the lead, followed by healthcare and energy, and financials.
All right. Okay. Okay, so in this segment of the video, we're going to take a look at the uh ETFs that we have listed here like the SPY, the Q's, the Dow, the Russell, Gold, Silver, Oil, K, Bitcoin, Ethereum, Copper, MAGS, the MAG 7 uh ETF, SMH. We'll also take a look at approximately 14 stocks and ETFs mixed up in here that were discussed on today's episodes on CNBC on the different shows.
And then also we've got AMG, which is a members um video, I'm sorry, a members request. So AMPG also. So let's start off with the S&P 500, the SPY ETF. Um I want you guys to notice something really important here. This was Friday's action, right? Price had dropped. We talked about how price stalled right at the 26 period, the Kee Junen.
We're using the Ishimoku indicator. Uh, I said, you know, there's a good possibility that we may actually see a a bounce here because of the fact that we stalled here and there was a little bit of buying that happened. I mean, you'd have to zoom in a little bit to see that wick right there, but it actually that wick represents buying and uh it happened toward the towards the end of the day.
Now, we gapped up in the morning here on Monday and then the sellers pushed it down, right? As you know, here's a three-minute chart for the spy. You can see the um so here we're on the ETH. Let me just show you real quick. This was the gap up right here. So the red that dotted red line that you see here represents the closing price on Friday.
We got up to this level in the morning and then you can see price didn't really move much. It just it moved sideways and then even dropped more towards the end of the day on the 3minut chart. So that is not a conclusive breakout uh that we should be really celebrating. Okay, we're basically on edge still.
And you know the other thing also you'll notice down below the directional movement index the red line is still above that green line and that's not a bullish signal here. So we're holding up above the support level. We'll see if we can maintain above that tomorrow. If we break under it and we start seeing this ADX moving up, that's when we have to be concerned.
That that white line is the ADX9. It represents momentum. Right now, it's just moving sideways. And if we start seeing that move up while the red line is above the green line, like we did, I'll just show you guys an example back here. Um, this is where the red line was above the green line. And if we look um just go ahead and uh throw an arrow right here.
Okay. So you can see how when the ADX started to move up, we go straight up. We were inside the cloud and then price started to drop as the ADX was moving up. Now the second that the ADX started to drop, which happened right here in April, this was the tariff situation, by the way. um the tariff announcement remember and then we've got that big move starting to happen here when price reversed course because the ADX was dropping price broke through the first barrier first resistance level which was the 9 period the tenken then it broke through this kee junen and the 200 day with this big gap up then price broke through the Ichimoku cloud so it had you know there's always going to be stages of resistance that price where it stalls as you can here stalled right and then it once we break through we now have clear we we have clarity we can get through uh we did we also had this resistance uh level here the 69784 but once we broke that as well then there was even more clarity that this thing was probably going to continue to the upside and guess what it did and we're still experiencing higher highs and higher lows with this S&P 500 on the daily chart we have not taken out the good news is We have not taken out this low.
Okay, the low uh from that candle which is 73153. That's a level I'd be watching very closely. Um because if price gets under and closes under this level and closes under the keyunen, expect it to to be a bigger drop. There's not a whole lot of support here between this level and the cloud. All right, you look at the weekly chart, we're still above the moving averages.
Okay, it doesn't look super scary yet. Okay, but after all these weeks of of up movement, we're now, you know, we're just taking a breather maybe hopefully. And then on Friday when the IPO comes out, you know, we'll see what happens um for Elon Musk's Space X. Now, it's going to be a massive IPO and uh it's slated to be the largest stock market debut in Wall Street history, raising an expected $75 billion by pricing shares at $135 each.
All right. It's going to be traded under SPCX. So, that's the one that you want to save in your watch list to keep an eye on. Um anyway, let's let's get into the rest of these folks. Let's get through these QQQ ETF. Very similar situation here on the weekly and on the daily chart. It's in between the two moving averages.
Um, if this was a bullish candle, I'd say this is it would look more bullish because it would be a bullish harami pattern. Um, let me just show you guys what that looks like on here on the candle pattern reference sheet. The bullish harami looks a little bit like this. right here under the double candle patterns under the bullish column here you'll see a large red candle followed by a small bullish one.
Uh in this case we don't exactly have that. What we have is a red candle. So what that means is that the yeah we did move up. We gapped up, but then the the bears pushed it down below the the opening price, which is you can see here, um, you know, this is the green line is the opening price for the cues.
It got underneath under the cloud, too. And it's under the 200, too, by the way. Notice that. Anyway, that's a three-minute chart. All right, so let's um go to the next one. Dow Jones. So, what what's to do? There's nothing to do. You just This is more of a hold position. If you have a position in these uh if you've already closed your position, I wouldn't be adding new positions just because the percentages have moved up.
We're we're not there [clears throat] yet. Nothing is conclusive here. Uh the Dow Jones is still staying under the tenins the 9 period after the drop and close under the nine period. The Russell 2000, same thing. Okay, even though it was up 89%. The VIX dropped uh 13.11%. That's a good sign for the volatility to drop.
Less fear in the market. But even with that said, it stayed above that 200 day and the moving averages, the 9 and the 26. So even the VIX is like, hm, you know, we might still see a potential pop uh if the markets start to decline again. FEZ, the Euro stocks 50 ETF, okay, up 63% by the end of the day, but it stayed right under that tankinson.
and GLD up 0.25% but stayed under the 39920 resistance level which it broke on Friday. See that prior low? We talked about that last week on Friday. And so the fact that we didn't break back above that's also kind of a little bit uh concerning. What else is concerning is the ADX is still moving up while the red line is above the green line.
Silver. Okay, this one also was up just 02% and it's still holding right at the 200 day. So, that's good. I wouldn't be shorting it because of the fact that we're right on the support levels of the $60.37 level from um March. I think that was March. Let me just make sure. Yeah, March 26th or so. And so, we're still above that.
We're still above the 200. That's the rising dotted yellow line you see right there. But, you know, it's not looking pretty for silver either because the ADX is moving up while the red line is up above the green line. If it breaks through these levels, that could be a problem. The next level of support is down here at 4835, which could be another 25.5%.
For silver. Okay. Oil K, which is the Prochios K1 free crude oil strategy ETF, found support at the cloud again. In fact, I mentioned on Friday because we were looking at the market after the close, right? And I I looked at the after hours action, the trading that was going on, and I noticed how the oil stocks were starting to like show a little strength.
And in fact, you know what? Uh it was one of those candles like you can see here, it broke and closed above the tenins. That's actually a pretty good sign. It's still under the 26 period. So the faster moving average is still under the slower one, but it's a good sign, right, for oil. Uh you look at the weekly chart here, it's above the tenkinson so far this week on Monday.
We won't know what this looks like until Friday, of course, right? This might be shortlived, but oil is starting to to move up slightly today. Bitcoin also moved up 5.13% creating this three candle pattern which is actually bullish but it's still under the moving averages and under the cloud. Uh they call this uh abandoned baby which is a funny name.
It's when you when you see a candle all right then you see a gap. All right so price gaps down separating the baby from the parents. Okay, cuz it gaps up again the next day. And so that's a Japanese pattern. I'll show you guys what that looks like. Let's go to the um bullish triple candle patterns here.
And it's right here. Bullish abandoned baby. So funny. So here's one of the parents. There's the baby. There's the other parent. There's the gap. There's the other gap. They try to make these uh easy to remember like the bearish spinning top for example or the bullish spinning top, you know, the tweezer tops over here where the wicks are around the same length.
Um bearish harami, that's when you have a large green candle followed by a red candle. Harami stands for pregnant in Japanese. And you see there's a body and there's a the baby, right? So it's some interesting uh things. And there's dark cloud cover. You have a large bullish candle followed by this equally sized red candle hovering above like a dark cloud.
You got evening star. So the reverse the opposite of the bullish abandoned baby is the bearish abandoned baby and that happens after a move up. You see the small little candle and then you see the gap on both sides. So that's what we have. Uh now would I be jumping into that BI IBIT ETF? And the answer is no because it's still under the cloud.
You should according to the rules of Ichimoku and that's what I basically follow when I'm trading. I'm not looking to to enter positions when a stock or ETF is in a weak state of weakened state because it's hard to identify when that trend is going to end. The fact that we broke through that 3530 on Friday is not a good sign.
We broke through this level, these levels. You can just see a support here, support here, and on Friday we broke under it. Yes, we got back above, but the trend uh the has has occurred. The breakout has occurred. We might get a reversal. Who knows? But just be cautious. And we're still under those moving averages.
And here's the weekly chart as well. Okay. ETH was up 7.09. That's Ethereum mini ETF, but uh and that also kind of created a very similar type looking candle where there was a gap up on both sides and uh but it's still under the moving averages and it's still this one actually stayed under the 1707 level, this prior low.
So that's more bearish than uh go than Bitcoin even though it was up 7.09%. copper copx. That one gap back up into the into the symmetrical triangle we had. What's interesting about copper is that we've had now we've had two false breakouts at this point. There's so much confusion with this metal. So, we had the first breakout here that lasted just one day and there was no follow through, right?
We didn't see the next day price getting above it. And then over here on Friday, we had a breakout under the symmetrical triangle. Okay. And then a gap right back above into the symmetrical triangle again. So it's kind of interesting what's happening here. I think that's very uh fascinating. We need to see followthrough essentially, you know.
Okay, so MAGS 7, that one is still dropping, still under this double top pattern. Not good for the Mag 7. It was only up 03% as an ETF. It's above the cloud. It's above the 200. It's just in a weaker state right now. As you can see, the ADX is moving up. That means momentum is increasing to the downside.
But it did stall today a little bit right there. So, we'll see if that can materialize into a basically another attempt to try to break back in to this box. SMH is still stuck in between the two moving averages. We have a bullish harami here. Large red candle followed by a small bullish candle, but it's under the tenken in the nine period.
So, I wouldn't be jumping into that either yet. And that was up 5%. So, we saw the semiconductors move up, but again, we didn't see it happen with a lot of um momentum or anything like that. Uh the ADX is dropping still. The red line here, the on the directional movement index is still above the green line.
So there's nothing to get too excited about here yet in my opinion. And so we just watch this market. Sometimes you just got to sit on your hands and wait it out a little bit and see what happens. All right. Now we're going to get into the stocks that were discussed in the CNBC on those clips that I shared with you guys.
We're going to look at those specific stocks. Not all of them, but a good portion of them. 14 stocks and ETFs. So let's start off with the top ones. ODFL, which I like. It's Old Dominion Fright Lines Inc. It looks great on the daily chart. prices above the moving averages and above this bullish cloud hitting all-time highs.
And here's the weekly chart. All right, all-time highs for ODFL. You go back all the way back here to uh 2000, August 11th of 2000. It was just 40 cent 40 cents a share or so. It's moved up 59,299%. It's at a level of $247 per share. This has done really well, this company. impressed. It had a little pullback here back in uh 2024, but it recovered, got back into the cloud, got above that 200, and now it's off the races again.
Uh AMAT, Applied Materials, Inc. Now, by the way, did I show you that's the weekly chart, and here's the daily. All right, very bullish on both time frames. If you if uh a stock is bullish on both time frames with the Ichimoku, I give it a little blue flag on the side here just as a quick little uh signal.
AMAT also looks good here. Applied materials inc. It's in the semiconductor equipment and materials. Unlike a lot of the other semiconductors, this one actually did much better because it actually gapped up above the tank. It's in the nine period here and continued moving up. It was up 8.64%. Again, the ADX is not moving up yet.
So, the momentum is not quite there, but we did have a nice bullish move today. Here's the weekly chart. Okay, relatively steady overall. Uh this was last week's candle created a shooting star type candle, but even that was a bullish shooting star, meaning it wasn't a red candle. Now, let's get into some of these other ones like Nvidia.
Okay, let's look at this. On the weekly chart, we're in between the two moving averages right now. On the daily chart, we are under the moving averages. And you know what? We're also in a downward channel. So you can see that we have a lower high here and we have a lower low here from this low. So that is what creates the downward channel and it is still above the cloud but and it did move up 1.73%.
But I would be very cautious with this. And and one more thing I should mention is see this low here. It that level is uh 208. Let me see the exact level. 20878 is the low and we closed under it at 20864. So that even though it might look like it's above it, but it's actually under that level. So that's not really bullish if you ask me.
Uh XOM Exxon is under the cloud. I'd skip that one too because even though it was up 1.22% it's under the cloud. The rose of Ichimoku state you shouldn't be adding positions when price is under. Intel under the moving averages. Same thing. You don't want to be adding new positions when price is under the moving averages.
It moved up 11.11%. It gapped up but look at the candle that it formed. It was it's a reversal candle right under that tank and sanen which have merged by the way. Broadcom under the moving averages here but finding support of the cloud. So, it's stuck in between this uh in this region here. And we have a red line above the green line.
So, I'd skip that one, too. I wouldn't be adding positions here. I wouldn't be shorting it either. Granny stocks, this is the GRNY ETF. This is Tom Lee's ETF. Uh this one, too, is stuck in between the two moving averages. It was up 0.52%, but we don't have a buy signal here. Tesla, uh we have a bullish harami.
Remember the large rate candle by followed by a small bullish candle meaning pregnant, right? Japanese. This is bullish. But the problem with this particular pattern here is the fact that we're still into these moving averages. Three of them to be exact. The 9, the 26, and the 200. So, I wouldn't be adding positions here.
And if you look at the weekly chart, we're still under the 26 as well. Meta is under the cloud on the weekly. It's under the cloud on the daily. I' would not be adding positions on this one. Look at it's under that declining 200 day moving average. And uh it's not looking pretty for Meta. SanDisk on the other hand on the daily chart looks a lot more bullish.
It's still under that 9 period. It was up 5.3%. We have a bullish harami. It's more likely to pop. Look at that weekly chart. Yeah, that weekly chart looks good, too. I like SNDK overall. It looks good. It just needs to get above that green line. The the Tenken is at uh let's see 168768. CUCOM dropped, found support at the keunen 26 period, but still stuck in between the moving averages.
I'd hold off on that one, too. LRCX is uh move gapped up, created a bullish candle. Let's see. It closed at 32445 and um which is right one penny under the tenkinson. Okay, just one penny under. So, it did not close above the tanken today. So, I wouldn't be adding positions there. DAL DAL which is Delta Airlines is under the tenants in the the green line.
No on that one. It was down 1.52% as well. Bearish har I'm sorry bearish engulfing pattern right there. Small bullish candle followed by a large red candle that engulfs it. Eli Lily. No on that one because of the two candles that have been forming here these last few days. On Friday and on Monday here we got two shooting stars.
These are not bullish candles. And uh when you have a breakout above a level of resistance and you get a resistance, I'm sorry, a reversal candle, that's not a good sign. Even though we were up, okay, up 1.45%. I would not trust this. Why is this a bearish candle? I mean, all you need to do is look at a three-minute chart to see the action that occurred today.
Let's do that. This is what it looked like today. So we had the gap up creating the the the price move up, creating a false impression that this thing is uh strong at this point. It moved up slightly more and then spent the rest of the day getting bought um sold the rest of the day got into the cloud too.
So yeah, that's why it's not something I would jump into and that's why you should never buy stocks just based on the percentages folks. you know, you know, you see a stock move up 11%, you're like, "Oh, that's great. That looks fantastic." And you look at the chart and you're like, "Oh, that does not look so great." Actually, on the three-minute chart, look at that.
Right? So, you want and and again on the daily chart, doesn't look good either. All right. Next, we're going to look at AMG. This is one of the stocks that was requested by one of our members, Ampllettech Group, Inc. Now, on the weekly chart, I will say this. Um, it looks good fundamentally. I'm sorry.
Technically, it looks very good. It broke through this prior high of $643 to this week and, uh, it's at 657 right now. So, it looks good on the weekly. What else do I like about this particular pattern? It's a symmetrical triangle that was broken on the weekly chart. See that yellow diagonal line there and yellow diagonal line right there?
We broke through it on this candle the week ending May 22nd, Friday, May 22nd. When it did break, it happened with very high volume. Like a significant amount of volume. When I say a lot of volume, look at the volume here. It was approximately there's a little box that populates over here. You'll see volume somewhere in the middle.
So, if I click there, you'll see it says V 65.6 6 million shares traded that day. The average is around 4 million 385,000. That's the white line is the 50-day moving average for the volume. That's the average very very low, right? The fact that we that happened on the breakout was significant. Then the next couple of weeks, it also had a lot of volume as well and it just kind of like created a little base.
All right. and then popped this week again some more. Uh here's a daily chart that shows you exactly what's going on. Now with all that said with the technicals, I want to I just want to you know also mention the fact that this company is still not profitable. It still has a negative profit margin of 24.82%.
All right, but the sales growth rate is really bullish. So 37.4% sales growth, which is good. The price of sales 1.71 is a rel is a actually pretty uh attractive price to sales ratio for this specific industry communication equipment and sector technology sector but because it's so volatile and it moves so much I mean 26% in one day because of the price right it's just something that you don't want to be putting all your eggs into right you want to diversify your portfolio on average you want to have about 2% in any particular stock on something like this I I would even put 0.5% or you know what I'm saying?
Half a percent of your portfolio because it moves so much. That's just my thinking. It's up to you to do what you want to do. But I'm just giving you a heads up. But this could when this thing does drop, it's going to be a doozy if it does drop. Right now, it's looking good. [clears throat] All right, guys.
So, that's going to do it for this video. Thank you for watching and thank you for supporting the channel. And uh you know, we reached, like I said, 30,000 subscribers over the weekend, which is pretty insane. And if you go into the posts tab, you'll find uh a nice post that I uh basically share with everyone on the channel.
And uh a little I basically shared my watch list that I created this weekend. I thought to give back to you guys a little bit, I would share that. And if you guys end up wanting to see the member only video that I posted, consider becoming a member. All right, I posted this on Sunday. I go over my entire portfolio.
This one was a long one. It's a long video. Uh it was a lot to talk about because of what was going on in the market. And uh let's see how how long was that video? I think it was like over 1 hour and 20 minutes or something like that. I can't remember exactly. But anyway, folks, uh have a great rest of the night.
I will catch you all in the next video. The ichimokus guiding light. Blue cloud [music and singing] traing through the night.
Comments 0