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what's up everyone and welcome back to the stocks with mike and tom show we have so much news to go over today we're going to cover nvidia earnings doordash earnings matterport earnings some brand new russian news what's going on with the fed minutes and what's going on with the market right now we have a lot of crazy stuff guys so stick with us today there's a lot going on tom we're not gonna waste any time what's going on in the market yeah nvidia reported earnings today and mike we can see in after hours they are all over the place they ran up to 275 97 and then they ran down to lowe's around 251 and they're just ending up right in the middle here as their earnings came in pretty good but they didn't really generally beat expectations by a large amount you can see they did beat on their eps slightly and their revenue also came in slightly higher than expected but their year-over-year um numbers were actually really great you know their their growth has been awesome we can see that they pretty much said that their gaming business rose 37 percent year over year but i know one reason why nvidia might be so volatile in after hours is they expect a 1.36 billion dollar hit to their operating expenses as a result of the arm deal failing to close i know that that arm deal was bringing a quite a bit of volatility to nvidia earlier this year and looking at it looks like that ended up costing him 1.36 billion dollars and and then they didn't even get the deal to go through to top it all off true that so i would say it's safe to say that overall nvidia did report some pretty good earnings but i feel like it wasn't enough to generate that hype and make nvidia stock really blast up yeah exactly i think that was the main thing as well and you know like i said the eps came in just barely over expectations and you know if this would have came in like you know maybe plus 50 percent or something like that it might have made the stock get a pretty big boost and you know they did report great growth you know they said that they reported 3.26 billion dollars in sales from their data center business up 71 percent annually and like i said their year-over-year numbers were looking pretty good and and after hours they're just honestly staying steady but you know as we look at nvidia on the daily chart they have been recovering up off these lows in a pretty good way the past couple of weeks so hopefully we see this movement continue up tomorrow yeah that is true i mean i know it has been struggling a lot over like the past couple of weeks it had those highs just under 350 dollars per share and it's been all over the place so hopefully it holds up pretty well but tom check out doordash this stock is blasting in after hours so what is going on with this one yeah this one is actually flying up and they reported that they actually had a net loss but they had they have some really good numbers that also came out and we can see that they had record numbers for their quarterly total orders their gross order value and a high of more than 25 million active users which is really good for uh for an application like doordash for them to see a strong demand for delivery i think that's going to be really good so with doordash it looks like they reported obviously uh they came in under the estimate with their eps and then also their revenue fell right below the expectation but at the same time though it looks like their outlook for this year is looking pretty good and as we start to to kind of transition out of the pandemic it should help doordash as the economy starts to get a little bit better yeah we'll see either way the stock is blasting up in after hours and it's always good to see when the company reports uh some record numbers and you know the stock closed around 95 today and as of right now it's at over 120 each so it's really blasting up but to be fair this stock got destroyed over the past couple months just like a couple months ago this stock was at two hundred and fifty dollars each and like i said today it was under a hundred yeah that's pretty crazy to say that it was under a hundred and we're going to open tomorrow at 120 so at least right now we are so hopefully it keeps up here mike a lot of these beaten down companies have been coming back up in a pretty good way i know that we saw um end phase report good earnings and they had a pretty big boost and then they ended up falling the very next day so i just wanted to point this out because with doordash it's always important to be careful because lately we've been seeing these explosions and then usually the stock kind of settles down the next couple of days yeah alrighty and then tom we can't forget about matterport so this stock is kind of getting destroyed in after hours right now their earnings weren't anything special and the good news with matterport is that their total subscribers rose almost a hundred percent year over year and overall they did well but it again it wasn't anything like amazing you know it was just it was a decent earnings report it's not like there was any jaw-dropping announcements or you know any jaw-dropping growth you can say yeah definitely but they did make some good announcements like they launched a lot of different stuff which is uh always good to see you know they are innovators of course and i know that they uh they're pretty good also like in the real real estate industry kind of getting houses on the market and doing virtual walk-throughs and stuff like that so i i don't know mike it sucks to see them down this much and after hours though this was a pretty big drop down to six dollars and 45 cents and i don't know we might have to call matterport a penny stock in a couple of days no no tom yeah i mean this stock has been struggling so much over the past couple months like right now it's at six dollars and 85 cents and after hours it was at around eight dollars yeah i guess you could say around eight dollars today in the main trading day but just a couple months ago back in december this stock was trading for around 37 each so it's been brutal for him yeah i just i cannot believe this one got hit this hard like you know most of these uh companies like unity that had all that metaverse hype a lot of them ended up holding up on their supports a lot better but it looks like matterport just continued down so hopefully they uh they come out with some good advancements and maybe as the matter as the metaverse starts to come out a little bit more maybe that'll kind of help matterport you know get back to the upside here hopefully so tom what other earnings reports do we have for the rest of the week because i know we're uh we're set for a volatile end of the week yeah we're definitely still not done and tomorrow before open we have good old pollen here i know they are they're going to be pretty big here i know they've been recovering up the past couple of weeks and hopefully they can report some good numbers to maybe go up with some of these other growth stocks walmart's gonna be big fiverr even yeti which makes the uh the cool uh the coolers and everything like that so that'll be big and then tomorrow after close we're gonna have roku dropbox and then r-u-n i think those are gonna be big and also redfin so still a pretty big day tomorrow and then we can't we can't forget draftkings friday of course they're gonna be huge but tomorrow we have pollens here before open mic and if we go look at volunteers chart you know they've been holding up pretty well yeah not too bad i know they've been i know they've also been struggling a lot over the past couple months but again not too bad and it's definitely a highly anticipated earnings release so definitely be on the lookout for those stocks um but tom the market was all over the place today like it was falling i guess you could say early on and then we blasted up in the middle of the day so what caused this rise and what happened with the five minutes today yeah it the market's so volatile mike so early on in the morning we ended up dropping down as we had more russian news come out and apparently yesterday russia said they began their a partial troop pullback but today nato came out and actually said that russia was increasing their numbers at the ukrainian border so one side is obviously lying to the other i don't know which side is correct russia says that the u.s media is kind of hyping all this up and the u.s media says russia is uh you know pulling our legs so um looking at this obviously it's creating a very volatile market mike the spy took a big tumble and then we bounced off that 442 support and then as the fed minutes came out we saw the market explode right back to the upside and apparently the market liked the news that the fed is looking to raise rates you know obviously the fed has been hawkish lately and as this inflation starts to spiral out of control um the last minutes showed that the the feds are pretty much going to start using their tools to try to uh stop all the high inflation that's been happening so looking at it the market liked this news and we ended up having a pretty good pop to end the day yeah no doubt about that i know when rates rise initially everyone freaks out and it definitely hurts the present day valuations of all stocks but more specifically growth companies but keep in mind that rising rates is a necessary thing and you know when we have inflation the way it is it's necessary to kind of slow everything down a little bit so overall the market does normally rise over the long term even if rates also rise so please keep that in mind but tom like you said we had a wild day especially with that russia and ukraine news plus the five minutes and yeah it was a wild day so looking back at like the spy what levels are you seeing because it was all over the place today yeah honestly we talked about the main levels to watch yesterday and i had said that the one of the biggest levels was that 446 resistance up there and it looks like that resistance played out very well this morning we can see that in pre-market the spy was bouncing off of that once again and moved back to the downside then we bounced right off of that 442 support and came right back up to 448 we actually broke back above 446 at the end of the day so looking at the spy i would say 448 is going to be the big resistance to look at for tomorrow we kind of double top there if you count the movement in pre-market and then as a good support um 446 might be good as a shorter term support as a longer term support i think 444 and 442 will be some better levels to look at good to know tom alrighty well before we transition into the next part of the video i want to give a giant shout out to our member of the day which is rick s in the discord huge shout out rick thanks so much for being a great active member of the stocked up discord we really appreciate you and if you're looking for a free stock chat room definitely check out that second link in the description down below i'll also put it in the comments down below uh feel free to join it's completely free and you can network with a bunch of other traders talk about stocks all day and uh even message tom and i so definitely check it out but tom do you have any last minute thoughts about on just like the market or anything that we have going on right now yeah the market was so volatile today mike but i will say we had some pretty good moves out of the market you know corsair popped as they're being added into the small cap 600 so that's cool to see you know we had dwac starting to rise which is you know it's pretty good to see them going up i know this stock has been hyped up a lot and then mike we even have one of our favorite stocks disney starting to break out in a pretty good way you know disney broke that 155 resistance today and started moving up in a pretty good way i'd say so i know they had some earnings that went very well last week and i really hope to see them maybe get back up to these highs around 158 or 160 and hopefully it happens sooner rather than later there we go tom yeah disney's definitely on my radar but um before we wrap up today's video we can't forget about those momentum plays so with the first one we have square potentially to the downside yeah poor square today they're actually right around this 108 dollar support so if they fall below 108 i would definitely eye them up maybe for a quick in and out day trade right with the next one we have baba but potentially to the upside yeah the china stocks did pretty well this morning they did start to consolidate a little bit at the end but if baba can break above 127 and then maybe up above 127.50 if you want to be a little safer i think it could have a pretty good chance to run sounds good with the next one we have teledoc also to the upside yeah with teledoc go ahead and make them break above 75 they almost triple topped up here over the past couple days sounds good so we are watching teledoc and alibaba for potential day trades to the upside tomorrow only if they break above the levels that tom listed and we are watching square for a potential day trade to the downside tomorrow only if it breaks below the level tom listed but if you guys are new here definitely consider subscribing we post brand new videos every single day and if you subscribe you'll see our videos more often and we're always producing more content and we have multiple videos throughout the day so again please consider subscribing let us know what stocks you are watching in the comments down below and there's a pretty good chance we cover it in tomorrow's video but besides that thank you guys so much for watching you
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