All-time highs folks new all-time highs in the public count. I hope your portfolios are reaching all-time highs out there as well If your portfolio is reaching an all-time high, let me know in the comment section here today And I usually say smash the thumbs up button for me, but smash it for yourself guys Absolutely phenomenal some pretty incredible moves out there Definitely a lot of money to be made. Huge day here today. A few things I want to discuss in today's video. First up is I saw this post from Meet Kevin on his ex.
This was posted yesterday. He said, sell stocks, take a vacation until early November. I want to talk about this a bit. I love speaking about some controversial takes and those sorts of things on the channel. This is definitely a very controversial take, certainly.
We'll speak about do I think this is going to age like fine wine? Do I think it's going to age like milk? We'll speak about that. We'll kind of talk about that a little bit.
in this video um and we'll also speak about why this is a very tough call to make in regards to this nike this stock i've been buying basically every single week for the last several months now at this point in time and uh it's a big after hours essentially on a huge announcement we'll speak about what that is how do i view this for nike moving forward i'll speak about that okay additionally i'm gonna show you the entire 2.4 million dollar public account in this video and we're also going to speak about how i feel about each and every position in that portfolio going into now a rate cutting cycle, right? So we'll speak about that in this video here today, okay? I got a lot to get through in this one.
Appreciate y'all joining me. All I ask you is, are you subscribed to the channel? If you're not subscribed to the channel, make sure you're subscribed here to the channel.
Appreciate y'all being here as always, okay? All right, so let's start out with the Kevin call here. Sell stocks, take a vacation until early November, all right?
So first thing is, this is... This is kind of the easy call to make on the market, I would say. And I posted this back on September 6, 2024, obviously, this year.
A couple weeks ago in the private group, I said, can't read too much into this stuff, but it does tell you a lot about what the market usually does. We are the red line. So we're the red line here, okay? So typically what you see in an election year with an open field is the market... kind of tanks, honestly.
In September and October, you bottom out the market kind of right around election time, roughly. And sometimes you even have a double bottom into November, essentially. Okay.
And so in also the last two years, we had a very similar phenomenon. Last year and in 2022, we saw the market kind of tank in September into October. And then around mid-October to late October, market bottom starts heading back up. So we saw this in the past two years.
Additionally, just based upon history, This is what usually happens. This is normal, right? So when Kevin makes this call, which is obviously a very short-term in nature call, right?
It's not like it's as controversial as it might seem given the fact that typically, like the easy call to make is stocks are going to go down in September, especially in election year, right? So this would be normal. And a lot of people are banking on this. You got to understand, it's not like Kevin's the only one banking on this. I can tell you there's a lot of people.
that have sold out of the market over the past couple months and basically have been banking that the market's going to go down in September, October. They're going to approach back into the market in November and then after the election the market takes off. Boom, And a lot of people are feeling like if a certain candidate wins, the market's going to go extra risk on.
You know who that is. And so that's what a lot of people are banking on here. I can tell you it's not only Kevin.
He's not the only one banking on this. There's a lot of people banking on this. Now, first off, today's September 19th, and the stock market's at all-time highs. The S&P 500's at all-time highs.
Now, technically, we should not be at all-time highs if... if this was normal, right? Because normal, if you're around this time, the market should have already started to tank quite considerably.
Sometimes you get a bounce back, but technically we should already be down quite considerably already. We're at all-time highs right now, which already means we're not in a normal year. This is an outlier freakish year, right?
Even if the market was to tank from here, it would already have been an outlier year because you don't usually reach all-time highs on September 19th. That's not a normal thing whatsoever, right, given the usual seasonality in an election year. So we're already in an outlier year given this.
Additionally, this was a dramatic fall here. From kind of where we were at in mid-July to where we were at at the beginning of August, that was a dramatic fall in the S&P 500. I mean, we fell 500 points roughly there. That's not a small amount.
That's a pretty large amount in a short amount of time. That's in a matter of like two weeks, roughly two weeks, two, three weeks. Falling 500 points in the S&P 500 is no joke.
That's a holy smokers. So this was a dramatic fall. That's not normal, right?
You don't usually get that. I mean, look at this here. So if we kind of compare.
Right about here would be mid-July. You might see a sell-off, but not that dramatic. That was an extremely dramatic fall here, right?
So this is another kind of proof point that we're in a weird year. This is very outlier-ish, very kind of strange situation here, right? Now, additionally, you can look at this, and we've had two major dips, I would say, in the past, we can call it, you know, 30 to 45 trading days, right?
Two major ones, this one here and this one here. So this is the thing. Everybody knows.
Everybody, this chart I just showed you right here, no one's in the market with any major money who doesn't know this. Everybody knows this who has major money. When I say major money, I'm talking about millions or they manage hundreds of millions of dollars, billions of dollars. Everybody knows this, right? Every algorithm knows this.
Everybody knows this. Like there's no secret, right? And so given that everybody knows this and we're in an election year, I mean, you could make an argument that maybe people try to front run the weakness of September, October. So they kind of thought, you know what, September, October is going to be ugly for the market. Let me go ahead and get out.
And so right here was a perfect excuse for a lot of people to sell out, right? You had the Japanese yen trade situation that happened in this amount of time as well. So you had a lot of people that just had an easy excuse to say, you know what, let's go ahead, let's roll out of this baby now.
I want out way before we get. essentially to the September timeframe, right? And some people might've done that there because their figure in August, a lot of people were gonna sell, right?
Then we have the incredible bounce back. And then you might have the late people to the game that say, okay, we're going into September. It's gonna be weak.
You know, rate cuts are gonna come, not gonna be a good thing, blah, blah, blah. And so you have a bunch more selling pressure here. And now we're at all time highs. So these two major dips here, it could be a situation where people said, I'm getting out now.
I'm trying to front run this. Given that everybody knows September and October is very weak in election years, right? So that's something you got to consider here. Additionally, I took this screenshot back on September 3rd and I kept it on my iPad just for the mere fact that I want to see if he ended up being correct or not.
Because Tom Lee makes a lot of calls. Tom Lee went on CNBC very first trading day of September. And a man was at a bearish take right off the bat because Tom Lee is usually known as like a permable, right? Yeah. And he was very worried going into September, right?
He's saying investors need to be cautious the next eight weeks. Tom Lee, Mr. Permable, comes out and says, you need to be cautious. People start saying, oh my gosh, what's going on here?
Like people get worried. when they hear a Tom Lee come out and say, you need to be cautious, right? In that clip of him, certainly went viral all over the place and people got concerned, right?
And sure enough, that actually lined up perfectly with this cell here right at the beginning of September. People got very, very scared, right? So when you have even a Tom Lee saying, be cautious, be worried, I mean, That just shows you how many people are really concerned about weakness in September going into October, right?
So that's a little food for thought in regards to that. Now, here's the deal. If you're going to get this market down, you've got to get the big dogs down. There's no way you can get the market down without getting the big dogs down. You have to get the big guys down.
The big guys, Apple, Microsoft, NVIDIA, Google, McDougal, and Amazings on, right? You've got to get Meta down. You've got to get all these big dogs down because these are the biggest weights in the SP500, the biggest weights in the NASDAQ, the Qs, right? So how do you get these guys down?
This is a very difficult thing to do. The problem with Apple and trying to get Apple down, believe me, it's a hard one. and stock to bet against is people just keep kind of throwing out the super cycle.
The super cycle is coming, right? And so even if it doesn't happen this year, people are going to say next year is going to be a super cycle in iPhones. So they just kind of kick in the can down the road, kind of like the recession crowd kicks a can down the road. We're going to have the big recession, right?
They just keep kicking it. That's a super cycle for Apple. And everybody so loves the services business that people don't mind throwing a 30 PE on it nowadays. And Apple, you know. was always like that would be an insane valuation a 30p for for apple but nowadays people just are happy to own their stock and so you continue to have that microsoft has such a solid business that's just a hard stock to get down man even in 2022 even look at microsoft in 2022 how well that stock held up considering the nasdaq was getting wrecked right A lot of tech stocks were down, you know, 50, 60, 70, 80%.
And Microsoft held very well. I got to say in 2022, it was incredible. So it's such a solid company.
It's a hard stock to get down in any major way. NVIDIA, you know, I'll be honest with you guys. NVIDIA already went through a big worry storm. I would say over the past month or so, it went through a lot of the anxiety, the worry about, ooh, you know, AI demands falling off. It might fall off.
What's the payback of this? Everybody's been asking those questions. Insane for the past month.
So you kind of already went through this major worry storm around NVIDIA. And if anything, it could build back stronger now. About like, oh, people are too worried.
2025 is going to be a banger year. You've got to be in this stock for 2025, right? And so that's something to keep in mind to get NVIDIA down more. It's a little challenging here, right? Google McDougal is a deal right now.
I got to be honest. I don't personally own Google stock, but there's no doubt. Looking at the valuation of Google, it's a buy right now.
So to get that one down, it's possible, but it's just difficult. Amazon's a deal right now. A deal, a steel deal. So Amazon, could you get it down? Possible, but it's difficult to get that one down.
Saudi Aramco, here's a deal. There's really only upside for oil from here. I mean, this is one of the worst years I've seen for WTI, considering it's not like, you know, we have some insane unemployment rate right now, and yet oil's just been horrible. If anything, I'm looking at upside for oil price over, I would say, the next 12 to 18 months.
And so that should bode very well for Saudi. If we're talking about Meta, Meta's a deal. Is it possible to get Meta down?
Sure, but it's tough given the valuation of that company. Berkshire Hathaway is cash-loaded to the sky, and Berkshire's biggest investment is Apple. So if Apple stock's not falling... Berkshire is looked at as a cash-loaded beast that whenever the next big crash comes in the market, Berkshire is set up so well to take advantage. That's a hard one to bet against right now because a lot of people are saying, I would love to be in Berkshire.
They're loaded with money. They're making so much money. And whenever the day comes that we do have the next big stock market crash, 30%, 40%, 50% S&P, Berkshire is going to be able to load the boat, right?
So that's another one that's also kind of difficult to get down right now. right so that's just something to kind of factor in here additionally tesla is one of the biggest market caps we got the 1010 event coming tesla is about a 750 billion dollar mark cap so a massive company and the stock's down about two percent for the year but if i had a guess does tesla go up or down over the next three to four weeks my guess would be up Just to be quite frank, over the next three to four weeks, given that there's going to be a lot of hype and excitement coming about the 1010 event, there's going to be a lot of rumors you're going to hear. Some might come true. Some might won't.
But anytime Tesla's a big event, there's a lot of hype and excitement that starts to build as you get closer and closer to the event. Now, after the event, the stock could sell off big time. It's possible stock could fall 10%, 20%, 30% regardless of what they show off.
starting within days after the event. So that's something to keep in mind. But leading up to the event is a very hype and exciting time.
And so, I mean, it's difficult to even get Tesla down in the short term, right? So this is kind of something to kind of keep in mind here, right? Now that goes into the famous saying in the market, time in the market beats timing the market.
It's absolutely, absolutely the most true saying, right? And that's that. At the end of the day, you've got to stay invested.
You've got to stay invested in the greatest companies. You've got to stay diversified in this, right? And that's what you've got to do in the end, right? Now, if you really felt like there's a big recession here, you've got to keep in mind that's not even a timing game. You're not going to be able to flip this and get out of these stocks and then back in if you feel like there's a big recession coming, right?
Because here's the deal. If there's a big recession coming, we're going to be down for one to two years at least, right? That's what happens.
So if you're trying to play this timing game because you think you're going to be able to get out for the next month or two and then back in come November, I think that's just a losing proposition because then you're just kind of banking on I don't know what. Like just a typical seasonal weakness, right? If you feel like, oh, you know, I'm getting out because I feel like the big ones come in, the big recession.
We're going down, baby. Great financial crisis. Unemployment rate 10%. Well, then you need to be loading up on put options if you really feel like that. If you're really that convinced and then in that case, you would need.
need to, you know, be out of the market for several years. So like, it doesn't make sense to kind of play this like in and out and those sorts of things. Right.
And so, you know, with Kevin kind of making this call, I think, you know, you know, it attracts a lot of attention and coverage and those sorts of things. But sometimes I wish, you know, he would just like stay away from a lot of this. I don't know why he feels a need to do these sorts of things of like, I'm getting all out.
I'm getting back in. you know and he knows he knows you know time in the markets it's it's an impossible game to play because then once you get out all you keep thinking about is when i'm going to get back in right it's just it's an impossible thing you know back in 2021 you know i would say all of us were making a lot of clownish decisions we were buying a lot of you know clownish stocks back then in you know bad companies and it was just a clownish time and getting in getting out and those sorts of things but here we are we're going into 2025 and i feel like we just gotta Move past these kind of like rash decisions of like in, we're all in, we're all out, we're doing this, we're doing that, and just stay diversified, stay in great companies. If you get opportunities to buy great companies at great prices, as long as you're... Income and expense isn't a great place. You're always able to take advantage of those deals, right?
And so, you know, I don't know, man. It's a little crazy in regards to that. But like I said, Kevin's not the only one doing this. There's a lot of people. I'm telling you guys, there's a lot of people that are doing exactly what Kevin's done here, okay?
A lot of big money too. Now. I posted this last night in the private stock group.
I said, so everyone has assumed the market is going to be down, down, down, September, October, and then up, up, up after the election. And it's fascinating how many people are convinced of this. It might come true.
It could come true. But a lot of people are convinced of this. I said the max pain trade is as follows. One, the market flies over the next six weeks. Two, shorts get wrecked the next few weeks because there are a lot of people shorting stocks out there buying puts, assuming that September, October are going to be ugly.
So you had a lot of people basically buying put options that are expiring end of October, kind of thinking, we're going to tank this baby. I'm going to be able to get out of these, make a bunch of money. A lot of people shorting, right? Three, sideline money gets pissed that the market just keeps going up and they end up FOMOing into the market in the end of October, beginning of November.
Election gets over. right after the market tanks, regardless of who wins. S&P drops 15 to 25% over the next four to six months.
Everyone leaves pissed. That would be max pain on all participants who are trying to play the game of timing the market, right? Because let's be honest, if you really want to make, I think honestly, everybody really wants the market lower short term. I think everybody does.
I'll just be quite frank with you guys. Everybody does. I mean, even longs like myself, I would love this market lower.
Like why? Well, I'm buying every single week. I'm buying stocks every week. of the market lower.
Then you have all these people that have went to the sideline playing the timing game, figuring September, October is going to be bad. I'm going to be able to buy stocks back for a lot cheaper prices, right? So you have all those folks over there that are like, come on, man, send this market down. And then the more the market goes up, the more anxiety those people have, like, what the hell's going on here? And keep in mind, if you're on the sideline, the more the market goes up, the bigger you're going to need a drop for it to even have made sense, right?
So let's say S&P goes to, I don't know, 6,000. But then after that, it drops to like $57.50. Well, if you sold out at $5,600, you're still buying at higher prices, right? Than where you sold out. So this is just a little food for thought in regards to that.
And then the shorts, certainly they're banking that the market's going lower short term. So everybody wants the market lower right now, right? And when everybody wants something in the market, do you always get it?
That's a question for you. When everybody wants it, everybody wants this market lower. The longs, the sideline money, and the shorts. Do you get it?
I don't know about that, right? I don't know about that. We'll see. We'll see.
So that's that situation, okay? Just, you know, stay invested, stay diversified. Great companies.
If you get debts on them, buy. If you've got a lot of money, learn to hedge. You can play a few hedges out there and those sorts of things to cover yourself in the back end. Keep some cash around.
Alrighty, Nike. So, Nike CEO John Donahue is out. Replaced by the company veteran Elliot Hill.
Nike on Thursday announced that a CEO John Donahue is stepping down and the company veteran Elliot Hill is coming out of retirement to take the helm of the sneaker giant. Donahue, who has been Nike's CEO since... January 2020, will retire from his position on October 13th. So coming up here really soon.
Hill is slated to take over the following day. Donahue will stay on as an advisor through the end of January. Quote, I am excited to welcome Elliott back to Nike given our needs for the future.
the past performance of the business, and after conducting a thoughtful succession process, the board concluded it was clear Elliott's global expertise, leadership style, and deep understanding of our industry and partners paired with his passion for sport, our brands, products, consumers, athletes, and employees make him the right person to lead Nike's next stage of growth, said Mark Parker, Nike's executive chairman. So this is Mr. Hill here. So he's coming out of retirement. He's not the youngest person. I'll just be honest about that, certainly.
Hill, who is currently based in Austin, started at Nike as an intern in the 1980s. So he has seen Nike going from this small niche brand into this massive, global, one of the most famous, one of the most valuable, successful companies in the history of mankind. He's seen it all the way, which is incredible. He joined Nike as an intern in the 1980s and first became interested in the company after writing a paper about it for his marketing class in graduate school, according to an interview he gave in 2020. Over the course of 32 years, Hill worked his way up the chain before becoming president of the company's consumer and marketplace division. where he's responsible for leading all commercial and marketing operations for Nike and the Jordan brand.
He is known to be well-liked among employees before retiring in 2020. So people like this guy, okay? You know, that's an incredible story, obviously, starting as an intern and now he's, you know, the CEO of the company. Like that's definitely, you know, a pretty special story. And if there's one guy that definitely gets Nike, understands how Nike got to this place, where it's one of the most successful companies.
in history, I think this man definitely understands that, right? He's seen it all in regards to that. Now, what's my opinion on this?
I 100% trust Phil Knight, and I 100% trust the board of directors in regards to this. The great thing about... A company like Nike and buying into these sorts of real quality companies is you got to understand when you buy into these sorts of high quality companies, their board of directors are phenomenal.
Their board of directors many times have been executives either at that particular company or at other major companies. So they have a lot of expertise, a lot of business, you know. knowledge that they can kind of see like, okay, this guy's not quite working out.
We got to, we got to make a decision here. We got to make a move on this in here's, you know, somebody to replace them. Right. And so board of directors don't always make the right decision, but over time they tend to make the right decision.
That's how these companies stay on top generation after generation, decade after decade, because the board of directors, if they make a decision on a CEO and it's not quite working out, they move on from that. Right. And they go ahead and they pick somebody that's high quality. And you've got to keep in mind, you know, I mean, how many Nikes are there? These are very special company.
And so there's a lot of people that want an opportunity like that. So overall, I trust the decision 100%. And you know, this reminds me very similar.
Do you guys know what stock this reminds me a lot of Nike? It reminds me a lot of a stock I was buying heavily early this year into last year. And you know what stock that is?
It is PayPal. Oh my gosh, does this remind me of PayPal. PayPal.
What did I always tell you guys about PayPal, right? I said PayPal was a broken stock. PayPal was not a broken company.
And you have to differentiate between a broken company and a broken stock. A broken company is one where, you know, the business model is completely going down, revenues are heading down big time, the profitability is heading down big time, you know, it's in a tough place, maybe they've been disrupted in a massive way, and like, you know, it's hard times. That's a turnaround. A broken stock is at a company where the stock price, let's say, is going down, down, down.
But you look at the fundamentals of the company, like everything's still there. And this is what I saw with PayPal, right? PayPal, the fundamentals of the company were still there. It needed some tweaking of the business model. It needed to innovate quicker, right?
Like an incredible employee force there. They got to just move faster. They need a CEO who would move the company faster. And then they need a CEO who would get investors on board to understand, like, this is a big opportunity. Like, here's why, here's where we're going and those sorts of things.
So if PayPal brings in Alex Chris, completely he's changing the game. And now you see, it seems like every dang week, there's a massive announcement with PayPal partnering with this major company. company, this major company, Shopify, Amazon, everybody, right?
And he's completely changing the trajectory of how fast PayPal's innovating, right? And he's completely changing the trajectory of like, like how people view the stock also, how investors view that stock. And so, you know, I...
My opinion is Nike's a very, very similar situation that PayPal was in. And it's a broken stock. It needs fixing in regards to stock price. And they need to innovate faster and just move faster.
And so this gentleman that's been there since the 80s, I'm hoping he can go ahead and get it done. And I've got to say, I've got a lot of faith in him. He's done a lot for Nike, obviously, since the 1980s. And I would say he's probably one of the most instrumental people to Nike's success over the past several decades.
Outside of maybe Phil Knight, right? Outside of Phil Knight, this gentleman might be the most important person to Nike over the last several decades. And so now, obviously at Nike, we do need somebody that's going to be like the long, long-term CEO. Because this man's coming in. I'm sure he's going to get the innovation going back fast.
He's going to get the company running lean and mean. He's going to get the culture right. He's going to do all those sorts of things.
But he's not like he's a spring chicken, no disrespect. And so he's not going to be able to run this forever. He's maybe a... a two to five year CEO.
Maybe he's in that position two to five years, get the stock back in the great place again, get the stock back to 150, 200, get the company's revenues going back in the right direction, the earnings per share flying high. Then hopefully at that point in time, we can find more of a longer term CEO to run the company for the next 10, 20 years, right? Because that's what we need to do next.
So steps in the right direction. I'm happy to see it in regards to Nike. Okay.
Alrighty. So now let's look at the public account. Let's talk about how I feel about the positions in the public account.
Going into what we're going into now, which is a rate cut cycle. Okay, so this is a full public account here. Obviously, Meta is the biggest position.
We're up 371% on that one. Tesla, my Tesla. So I sold another 100 shares of Tesla here today. My plan is to sell around 100 shares a week for the next several weeks. I want to get the...
made a final decision i want to get the position down to a thousand shares a thousand shares is where i feel comfortable in regards to tesla holding in this particular portfolio so my hope is tesla stock keeps kind of flying into 1010 right And I can just kind of sell 100 shares a week, like next week, the week after, the week after, right, until I get down to 1,000 shares. And then the 1,000 shares I feel comfortable holding long term. And that will put my position sizing maybe down to about 10% of the portfolio or so, which is where I would feel comfortable holding Tesla, those shares for the long term.
So that's what I'm hoping to do there. I bought Nike stock here today, right? I bought Cheesecake stock here today.
So, you know, Nike's obviously going to be up pretty big tomorrow. which I don't like. I'd rather buy Nike shares at $80 rather than $88. So we'll see.
I might go green on the Nike position tomorrow. We'll see. I bought Cheesecake today.
I bought Estee Lauder here today as well. A lot of these value and dividend stocks are going to remain my focus for this next 30 to 90 days. I feel this is kind of a historic buying opportunity in regards to those sorts of stocks, right? So meta, how do I feel about meta going into a rate cutting cycle? I feel great.
I mean, the 4P is in a great place with this company. The two-year 4P, the growth rates look very good. And honestly, the growth rates are beatable for Meta over this next year.
That's the other thing. I like the setup for Meta. And so at the end of the day, if you're a business model, you've got to run ads on Meta. Tesla, I have concerns about, right? After 1010, essentially.
And my two main concerns, I talked about Waymo recently, but there's one other concern I have around Tesla. And this is a bigger concern. about humans and people.
Here Tesla is in this situation. Model 3 and Model Y already have had basically Tesla's been doing these incentives that they'll give you these insanely low interest rates if you buy a Model 3 and Model Y. So interest rates going down at the end of the day, like Tesla's already giving like super low rates. And yet even with the tax credit you get on Tesla's, even with them bringing down the price so much, Even with them offering, you know, very attractive lease terms, even with them attracting these very attractive loan terms, people still choose to buy internal combustion engines.
They still choose to go buy a Toyota, a Honda over a Tesla. And so that's the other frustrating thing in regards to Tesla that I'm like, what's it going to take for the masses to really adopt EVs? And that's another one of my concerns that I'm looking out there and I'm like, like, we're about to go into 2025. And that people are still just fine with going and buying.
I mean, look at the sales numbers. They're proof. People are still fine with just going to buy internal combustion engines year after year after year.
And I'm just like, what is going on here, man? Like, when are we going to get on this EV? Maybe the thing we need to really accelerate the EV wave is maybe oil price has to go insane.
Maybe gas prices have to go insane to really get people to take this more serious. Because I'm like, what the? with the tax credits, which I don't know if those tax credits are going to last forever, right? With all the price drops Tesla did, with the super attractive lease terms and loan terms, we still are having trouble with the volume. That's what, man, that's frustrating.
That's very, very frustrating in regards to Tesla. And obviously the stock's not at the cheapest valuation, right? So, you know, that is what it is.
PayPal. So how do I feel about PayPal going into a rate cut cycle? Oh, do I feel good about PayPal? Seeing the way this company is innovating, partnering with more and more companies, trading at this valuation, going into a rate cut cycle.
Oh, I feel great. I feel phenomenal in regards to PayPal. Oh my...
gosh do i feel good about paypal oh baby do i feel good about paypal palantir how do we feel about palantir okay i gotta be honest with you guys i feel more concerned about palantir and if we're just talking about its stock price right obviously the stock has climbed immensely we know that right it was just i mean go back two years ago this was like a under ten dollar stock right eight dollars seven dollars six dollars those sorts of prices and we know with 37 now the ford p's pushed up the two-year ford p's pushed up To keep this momentum really going in regards to Palantir, we've got to jump to the 30% revenue numbers. If we can jump to the 30s, we're going to the 40s in regards to stock price. But I am worried if the growth rate decelerates with Palantir, let's say it goes down 24%, 23%, I think we're going to see the stock fall back down to like a $30 level, like 28 to 30, somewhere like that.
Because I think that would kind of, I think a lot of people would not be too happy about that, right? So we really need to keep accelerating the revenue growth rates to like the 30s. If we can do that, you'll see a 40 in front of Palantir before you know it. So Palantir is a tougher one. It's a really tough one short term, I think.
Amazon, oh man, do I like the setup with Amazon going into a rate cutting cycle, right? I mean, Amazon's just trading. These are incredibly cheap for Amazon. Now they are going up.
in regards to how much they're going to pay their warehouse employees. I did see that story here today. So that is something to kind of keep in mind.
But we know Amazon just continues to build the AWS business. And we do know. Amazon's e-commerce business just gets bigger and bigger and bigger year after year after year after year. So the advertising business continues to build out for Amazon as well, which that advertising business is straight cash, baby.
Elf on a shelf. So going into a rate-cutting cycle, I'm still feeling great about Elf. Elf is one of the few companies that, regardless of how I feel about the economy, regardless of how I feel like...
What I feel the Fed's going to do with interest rates, I feel good about ELF. It doesn't matter. Inflation, deflation, recession, no recession, I always feel good about ELF. And the reason being is ELF's brand is so great that it really doesn't matter what's happening out there. ELF's going to put up their numbers.
The other thing I like is analysts are very conservative with where they see revenue going next year. And that could lead, I don't want to get too excited, but that could lead to major, major divergence between. Maybe what ELF is expecting for revenue growth for next year versus where analysts are at.
And if that happens, ELF is going to fly. So I'm feeling pretty good about ELF. Cake.
Oh, do I love cake. There's a reason I bought more cake stock here today. Okay.
So cakes. numbers have been very good especially considering their competition is weak i don't know if you guys saw the olive garden results this morning olive garden restaurant sales were down like three percent so you know and i think that's really i think olive garden's slowly getting morphed into kind of like the chilies and apple piece type category right uh because the quality isn't that great and so it's just more proof that north italia is going to absolutely take over as that brand expands over this next 10 to 20 years but here we are going in a rate cut cycle More and more people are going to look to a stock like Cake. Why? Because the dividends, right? Additionally, if we're talking about lower interest rates, Cake's going to be set up phenomenal.
And why? Well, whenever they take out debt to build new restaurants or anything like that, they're going to be able to do it at much lower rates than they've been able to do it at for the last two plus years, right? So I love the setup for Cake. Love the setup. Revolve going into a rate cut cycle.
I like that one as well. Now, the reason I mainly like Revolve... Obviously, I like the company in general, but the other reason is inflation obviously stopping to slice and dice people as hard. That's going to bode very well for Revolve. I can tell you that much, okay?
Nike, I already spoke about Nike, so I don't really need to talk about that one. Planet, I spoke about the Planet quite a bit recently. I love the setup there. SoFi is a special, special story. I love the setup for SoFi.
Into a rate cut cycle, right? Estee Lauder, love that one. I spoke about that one, I think, on three stocks I'm buying or four stocks I'm buying recently.
So, Fubo. You know, they got the legal situations going on. I'm surprised that one's not stronger, but it's a spec stock.
I'm still feeling good about it long term, but we'll see what happens. I hope their numbers are really strong and then we can, you know, eventually get out of the gulag here. Monster and Celsius feeling good about both of those. I like both of those stocks a lot. So, and I'm hoping those ones go down short term.
because I would love to build those into big positions right now, the little baby positions. So feeling really good about the public account overall. Okay, guys, appreciate you joining me as always.
Thank you so much for being here. If you're looking to apply to your own private stock group, get access to 1000xstocks.com, get access to all these different features. You can click on the pinned comment down there and you can go ahead and fill out a form. We'll get back to you about getting into the private stock group and you get access to all these different tools.
You get access to all my best course curriculums. You get access to see the moves I'm making each week in this portfolio, which I buy stocks in here every single week. You get access to like so much stuff.
It's ridiculous. Okay. All right, guys.
Much love as always. Appreciate you and have a great day.