well folks it was a big boy buy day out there here today Yeah I was putting some uh pretty big money into the market And so we'll talk about what I was buying here today why I was buying it right at the top of this video From there I want to go ahead and react to this I posted this on my X uh page formerly known as Tweet today which by the way if you ever want to follow me on X you can uh look in the description area of this video I always have it linked in the description But I made this post here today showing you what the 2024 S&P 500 year end price targets were versus where the S&P 500 ended the year Okay And I think that's going to be a very interesting one to talk about in this video here today From there we're going to react to two videos around Nike Obviously Nike is the one that's in the news right now Um and so a lot of you know different viewpoints on what's going on with Nike Is this a bottoming of the business Kitchen sink quarter they did Um do we have further to go All that sort of stuff So we'll really discuss Nike and kind of react to those videos here today By the way action-packed times man Just it's stays busy You know earning season is about to wind down so it's going to chill out over the next I would say it's going to start chilling out next week and for the next couple weeks but then obviously we have the April 2nd situation with the tariffs So you know it'll pick back up again but it's just been busy man Appreciate y'all joining me All I need from you guys one thing one thing only Smash that thumbs up button on this video And if you want to subscribe to the channel you can certainly subscribe We are now how many subscribers do we have on the channel Uh 80 85,000 and plus So appreciate y'all for being here And my hair does as well Look at my hair It's coming back to life If you're looking to apply draw private stock group private wealth group get access to that next week Pin comment down there Click on that Fill out a form See if I can get you access next week Okay Now before we start going through these buys I need to I need to address a comment I saw right Cuz I I see comments like this sometimes from folks that maybe are newer to the market They don't understand this game They say "What happens when you run out of money?" You know uh th those sorts of things right For 15 of the past 16 years you I've never ran out of money as long as I've always had more income than expenses The only year I didn't have more income than expenses was essentially when I took a year off and like retired for a year Okay And I I enjoyed my firstborn son's first year of life And so I had no income during that particular year And obviously living on this earth you still have plenty of expenses right And I lived in a three-bedroom apartment at that time with my wife and you know my my first son And so you know outside of that I've always had more income than expenses And every single person watching this video right now you should always have more income than expenses If you don't have more income than expenses don't watch this video You need to go get on that That's what's way more important for you So you should never run out of money You should be ready to buy every week every other week at least every month As long as you got more income than expenses you're ready to always buy And that then sets you up in a position of power You don't fear corrections in the market You don't fear crashes in the market You gladly welcome them And you also have to understand where does a stock market go long term Up shortterm anything can happen The next month the next year who knows Who cares It's all about long-term your pie is going to grow a lot bigger than where it's at right now That's all that matters in the end Whether the market downtrends for the next 2 years or the next two months or the next two days it means nothing to me I'm I don't need this money to like go buy stuff with tomorrow And no one should that's investing in the stock market You're playing a long-term game You're worried about the next 10 20 30 years That's what you're worried about right not the next 10 20 30 days That's a that's a real investor Outside of that you're just a speculator gambler right And so everybody and I think like 90% plus of my audience you guys get it Like you love this game Like you love the corrections and the crashes You're ready to buy You have more income than expenses But for that let let's call 5% or 10% of people that are new to the market they don't understand long-term concepts long-term investing They don't understand they don't get it yet right I'm explaining it to you I'm putting you on game here Okay stock market long-term goes up and up and up That's not an opinion That's facts Short-term anything can happen and who cares It's just a better buying opportunity for you right Like would you not do you not like sales If you don't like sales and you're you're so far gone mentally when it comes to money you have no chance you know Like holy smokes Like if you don't understand the concept of like sales are awesome I don't know what to tell you Like like oh my gosh Okay So that that I need it needs to be said right You never run out of money As long as you got more income than expenses you're always ready to buy and then it's ready to go Rock and roll baby Okay All righty So first up a big buy here today was a Nike stock That's a $20,000 plus dollar buy And by the way I was buying in my Patreon portfolio today the the um I was buying in the uh private group uh you know the the the private stock groups um you know obviously portfolio as well so the public account so like you know buying across the board but those are always buys this these buys I'm showing you here these are like freak buys so these are like me kind of saying like some stocks are at some silly silly prices and I got to put some big dog money into it so Nike bought 300 shares there it was a little over a $20,000 buy Next stock up here I bought here today is ELF Beauty This folks is a big big dog buy I bought 667 shares of ELF at 62 bucks and some change It's a 42,000 buy This this buy with ELF today is me kind of calling a bottom here You know could we go down to 55 bucks or something Yeah it's always possible But the moral of the story is I don't feel like we have that much more downside in regards to ELF And so that's why I do a big boy buy like this here today right And if I'm off a few dollars like if ELF went to 55 or 57 so be it The moral of the story is in regards to ELF I'm much more scared about not buying this at 62 and then it goes to 200 plus over the next 3 to 5 years And I'm stuck here looking and I'm like why did I not do that big buy I was thinking about doing at 62 just because I thought I might get it at 57 or 59 or 55 Like who cares Like the moral of the story is if I'm right on ELF and this is going to become a $200 plus stock again right Like at 62 give me the money Like cuz then that $40,000 right ends up becoming you know we can call it 120,000 $11 130,000 $140,000 over the next few years So you know pretty good ROI opportunity there Next buy I went ahead and made here today is AMD 111 shares of AMD I bought here today Paid $106 for that About a $12,000 buy Now you know let me be real crystal clear about these stocks like AMD like Nike like ELF uh like Estee Lauder A lot of these stocks have been buying heavy for the past like we can call it 3 to 6 months I'm in the last inning of buying these stocks This is a last inning meaning like I'm going to wrap up my buys on these stocks likely over the next few weeks Okay I've been adding these stocks adding these stocks aggressively I've built great positions and all them Celsius It fits that category right And I'm pretty much about wrapped up here And so I'm already starting to look at many companies That is the next group of stocks I'm going to be buying And so this is the way I I do this game I see an very attractive opportunity I start investing into it If we happen to go through a correction at that time then the stock starts going down down and I get to build my position much more quickly than I might have otherwise and much more substantial than I might have otherwise Right Because let's say let's say I had invest in AMD stock you know you know and I was buying a lot of shares at 120 but then instead of it going down to 106 or to $100 let's say instead AMD went to 140 160 180 I'm just going to be honest with you guys I would have I would not have built this AMD position that big if it went to 180 However if I went to 100 now I'm so much more incentivized to buy more shares and more shares and more shares right So the moral of the story is I've bought a lot of Nike shares now a lot of AMD a lot of Celsius a lot of uh ELF here recently Estee Lauder those sorts of stocks this last group of stocks And so I'm in the last inning of buying them We're almost concluding And then those stocks will just be a hold for the next few years And you know if everything plays out the way I think they're going to play out in these stocks I'm going to make a lot of money And there we go again right You know and the next batch of big winners come through So you know and doesn't always mean every single stock's going to go up that I invest in right Sometimes I'm wrong Sometimes there'll be go you know ones that just don't work out And I was like "Dang man I missed it there." That's fine And you know for any of you newbies in the market you got to understand that's a cost of doing business The cost of doing business is sometimes you're going to be wrong And you have to be okay with that You have to you have to be okay with failing sometimes If you can't deal with you know failing sometimes you can't deal with the big house You can't deal with the big you know the the nice cars you know you can't deal with the nice vacations You in order in order to get to all that stuff you got to fail I don't know anybody that ever got wealthy in this life and didn't have a lot of failure along the road where they they messed up they did things wrong they made bad investments they made bad business decision I don't know one person and I know a lot of wealthy people nowadays including myself I've made plenty of mistakes I got plenty of stocks wrong But the moral of the story is over the past 16 years we got a whole lot more Right Right And that's all that matters And that allows you to then go on and prosper Right And reach levels that you never thought was possible reach financial goals that you never thought was possible or you know uh let's call it achieve whatever you did think was possible and achieve your dreams but you have to get over the like this fear of like being wrong this that happens and some you know somebody thinks this disres you know like oh I'm going to get under Jeremy's skin because he was wrong in that one I don't care what cost of doing business and I'm going to be wrong about other stocks right there might be a stock in this this latest batch I was buying that maybe it doesn't work out I look back I'm like dang man you got that one wrong That's fine In the next batch of stocks I bought you know hopefully they all work out but there might be one or two that don't work out and that's fine It's a cost of doing business with being an individual stock investor The math works as long as you're a lot more right than wrong And on your big investments you're right Oh my gosh And then when you take risk and let's say some riskier stocks right You got to keep allocation smaller because let's this think about it like you know if you got some company that you're investing into and it's like this company's either doomed for bankruptcy or it's going to be a 10x type opportunity right If you keep position sizing small well if things don't work out there and it goes to zero or something close to that right Well you lose a smaller amount of money However if it's really that 10x opportunity you thought it was and it turns out to be that a very small amount of money becomes a very large amount of money very quickly Palanteer would be a great example of that right We're up a,000% plus on Palunteer stock has been a tremendous gainer for us and we've been able to take ridiculous what hundreds of thousand dollars of profits in that stock right Tesla I think I took oh gosh Tesla's probably in the millions right of profits And for Palanteer and Tesla those are good examples of like I took smaller position sizing because I understood like there was a lot of risk back in the day when I was investing in Tesla as there was still a lot of risk in Palunteer when I was investing in that very heavily in 2022 But I took a smaller amount of risk and it paid off ridiculously well compared to my portfolio size I didn't risk the farm and so I didn't lose the farm right And so that that's another component you got to kind of keep in mind there right Just trying to give some game out there Another buy I made here today 150 shares of SoFi 1275 So SOFI is a really good example of a stock that if you want to talk about a stock that has you know 10x 50x opportunity long term SoFi is a great example of that But it comes with risk You don't see me risking the farm in SoFi do you No But I'm adding the the stock here and there right Did around a $2,000 buy here today in that one I got a decent sized position I got 3,700 shares in the public account which is a very modest position considering the size of the public account You know that's a portfolio that's close to $3 million and so 3,700 shares of SoFi is not a large amount So you don't see any risk in the farm in SoFi because it comes with risk It's at the end of the day it's somewhat of a financial institution right Obviously they got their fintech side of the business but they do take loan risk on certain products and you never know what happens if a big recession and people don't pay it back What happens to SoFi Would they have to sell to somebody in in that sort of environment Could they go under Like you know Anthonyotto seems like a type of CEO that's not going to have that happen but there's always that risk right Always at risk And by the way that's a risk in regards to almost all financial institutions And so my view is if SoFi is that 10x 50x opportunity right over the next 10 15 years oh my gosh like a small amount of money is going to become a ridiculously large amount of money and at the same time not going to risk the form in the stock in case I'm wrong and they fail along the road and then I'm stuck in a situation where I'm like "Oh my gosh why did I put a million dollars in soi?" I' I'd much rather always look back especially if it's a riskier stock that I'm buying at that particular time right That comes with a higher level of risk right I'd rather look back and say "Why did I invest more Why man I wish I would have put even more in that stock Rather than I look back and I say why did I put that much That was so silly That stock was way too risky I took way too much risk I'd just much rather be on the other side and say I wish I put even more in it Right So some some things to kind of keep in mind there By the way look at the new five figure club award we have in the Patreon baby I think I showed this off only in one video so far This is our new one So when you hit five figures plus and if you're part of the Patreon we send you that baby over And then I obviously got the six figure and seven figure uh awards that we send out to the private stock group members But yeah I'm really excited about that five figures And that's a big step man You know reaching five figures in your portfolio is a big step Like you got to understand like a very small amount of the the population even has five figures in stocks like a very small like if you look at the world how big the world is eight billion people or whatever and you think how many of those eight billion people have more than $10,000 in the stock market is a very small amount sadly enough very small amount and so when you achieve that it's big right and then when you get to six figures plus now we're really talking big and then when we get to seven figures plus dude how much of the world's population has a million dollars plus in stocks I I don't I don't even think it would be 1% Like literally I don't even think it would be 1% No I don't even I don't even know if it would be.1% Like when you think about the world's population how many have a million dollars plus in just stocks There's no way it's even 1% of the world It might be like 0.1% or 0.5 percent like you're and then if you talk about multi-millions Oh my gosh dude That's insane to think about right So anyways just some some food for thought in regards to that All right Next up here before we react to some Nike videos So this I posted I'm glad I had a a screenshot of this on my desktop It says "S&P 500 yearend price targets for 2024 These predictions were done by the most prestigious Wall Street firms in December 2023 The S&P 500 ended 2024 at 5900 range right 5,900 Keep that in mind Goldman Sachs back in that December time frame Their 2024 S&P 500 year end price target was 4,700 Wells Fargo was 4625 Barlays and Morgan Stanley were at 4,500 And JP Morgan was at I'm sad I do business with JP Morgan seeing how wrong they were They were at 4,200 And once again the market ended around 5,900 So I said "Do you still think Wall Street's smart money?" Because a lot of times people think like they they try to fluff up Even I see this from retail folks Oh you know you think you know more than Wall Street Yes I do know more than Wall Street 100% I've been in this game 16 years Wall Street I can tell you is some of the dumbest money you will ever find People try to cast retail as dumb money I'm like the dumbest money I've seen in the stock market over my 16 years being in this game is Wall Street These guys are clueless Completely clueless And when everybody's feeling bearish they all go bearish right And still even if you look at the end of 2023 people were still feeling bearish and still feeling like recession When I say people I'm talking Wall Street firms And that's why they put out all those crap price targets They were off by a mile And not only that the previous year was even worse If you would have saw the the year-end 2023 price targets from the Wall Street firms I wish I would have screenshot those back in the day At the end of 2022 trash They were also bearish on the stock market and 2023 ended up being a great year And they went into 2024 also being pretty dang bearish And man were they wrong right And so it actually this year got me a little more concerned about where the market was going because a lot more Wall Street firms were very bullish going into this year And so I said "Dang man." Like they're getting more bullish And so you saw me lighten up a lot of my buys going into this year and at the beginning of this year right because I looked and I'm like "Oh man a lot of these Wall Street firms are going you know really bullish now." And so usually you're at the later stages of a market rally And sure enough what what do we have right after that Correction in the market right Which opens up a lot of great opportunities which I'm I'm happy for But you got to understand like the dumbest money in the market is Wall Street They're a bunch of sheep They follow each other around When everybody's bullish they all go bullish When everybody goes bearish they all go bearish Right retail sophisticated retail I'm talking people that have been in the market many years Some of the smartest money you will ever find in your life I'm talking more intelligent than the far majority of hedge fund managers No lie Hedge fund managers don't even have to be intelligent in regards to the market All they got to be do do all they got to be is great salesmen right and sell people that you know uh high net worth individuals that have you know $50 million plus net worth that you know they're going to keep their money safe That's all they got to do Be good salesmen They don't have to be intelligent at running money right And that's why you look at many of these hedge funds they they they get tore up by the market right They they a lot of them underperform the market when it's going down and underperform when it's going up It's like what good are you if you're doing that Like it's insane right But a lot of the most intelligent money you will ever meet in terms of actually understanding the dynamics in the market actually understanding stocks where opportunities are is retail investors that have been in the market many many years Because you know why retail investors don't have the ability to go and just invest a bunch of other people's money Retail look at myself Whose money am I investing My money I don't invest money for anybody else other than myself I don't even invest my wife's money I don't even invest her money She can invest her own money Do whatever you want I invest for one person Me Me The money I was making back in the day at Walgreens and at Quick Trip and at my real estate marketing company and at Einstein Bagels right And on YouTube All this stuff I'm investing for me and me only So who's going to care about my money more than me no one So that's why I put in all this research work I put in all this time and attention because I'm not investing other people's money These hedge funds these type of Wall Street folks it's all funny money to them cuz it's not even really their money It's other people's money they're investing You think you're ever going to care about somebody else's money as much as you care about your money Of course not Of course not And that's why one of the big reasons why retail sophisticated retail has been in the market many years is some of the most intelligent people you will ever meet in regards to understanding stocks in the market It's incredible But you know if you just give billions and billions of dollars given you from clients where's your incentive your incentive is to go play golf with a guy that's got a $250 million net worth and make sure you got a good relationship with him so he keeps you know $50 million at your firm That's where your incentive is not is Nike stock a great buy right now or not He upgraded Nike to buy in late February $115 price target So you're a believer here in the story even after some of the warnings last night that it would take a while Yeah look the upgrade a couple weeks ago was not on the near-term It's not a quarterly call It's on uh you know you have the right sheriff the right new CEO you have a a strategy that makes sense Fix the product fix the distribution and then you have time So the stock was at a 10-year low from a price to sales perspective Expectations are very low Sentiment's very negative We've gotten more of that today um or last night And we think this is a turnaround that'll take two years but we'll show progress sooner than the market thinks And 100% I'm in agreement of that And listen I listened to that Nike conference call last night Let me be very clear That conference call was a banger The numbers are obviously you know disappointing depressing in the short term right As they work through inventory and you know work on getting every single region in the in a great place for the long term right But in terms of their strategy on how they get there and and explaining that strategy on what they're doing shortterm to line the company up for the next several years dude banger of a conference call Like phenomenal Like I walked away from that conference call feeling more confident than ever in my Nike investment which is exactly why you saw me buying Nike shares across portfolios today Right I can tell you if I walked away from that conference call feeling uncertain about where their strategyy's at I wouldn't have been buying like I was buying here today but I walked away feeling How do you measure progress Because last night I thought it was notable that North America only declined 4% And overall sales came in better So look the company's taking more pain now for more gain later Uh with the numbers last night the guidance wasn't all that great right What you saw was the company really fixing the inventory bloat and that's going to take some time So what they did was let's get the inventory out the door quicker um and let's take our pain and our medicine now that was reflected in the results but what you're seeing under the covers is some some improvement So the the performance product is working Uh the Vomero 18 the Pegasus Premium that's starting to replace some of the issues they're seeing in the classics franchise And we think that'll you know power the stock ahead not in the next quarter but two to three quarters from now I think you're going to see a lot of upside against very low expectations 100% I and I've been saying this back half of 2025 calendar year for Nike start to look at those numbers and you're going to start to see oh boy like things are starting to come around here And then 20 by the time we get in 2026 and then they're going to be coming off of easy comps like and by that time you know Nike is going to be loved by by the time we're talking 2026 and the numbers that are coming out in 2026 the people are going to be falling over themselves to buy Nike stock again and be like "Oh my gosh Nike's bad." Yeah I mean definitely low expectations I hear you on the price to sales ratio but you know the the revenue for this fiscal year and next it's basically equivalent to what they did in like fiscal 2122 So it's almost like on a relative basis it's a smaller business compared to everybody else How are you gauging what is left in terms of Nike's competitiveness with those upstarts that have done relatively well in that interim period of time Yeah that's great Um but what's interesting about the stock is that the stock is also at at the co low So almost going back to where the stock was in 2122 when it was a smaller business That's a great point by you Um in terms of market share what we're seeing is Nike gained market share during co uh co and then lost it to these upstarts These upstarts are starting to slow at least Hoka is Anna is still doing a good job But what these companies don't have is what Nike has in massive distribution advantage globally and they have a Nike has a lifestyle business Nike owns your kids So an and Hoka for all they've done a great job an doesn't have an apparel business of note uh Hoka is already slowing and we think that Nike will have the right guy to fix the product and on both apparel and footwear which which will drive the results in a better place So that's kind of what we're seeing We're already starting to see uh evidence of improvement in the running area soon to be uh when you take that improvement in running combine it with some stabilization in classics I think you got a business that kind of starts to take back off and look earnings have been cut in half margins have been cut in half This can rebound fairly quickly 100% Yeah they're they're making a great comeback and running And um you know as I explained many times in regards to Nike you know over the past 40 plus years there's been countless companies that were like supposed to be the Nike killers and like oh there's stealing market share from Nike and they always always fail and they always fall and Nike remains and they get bigger and bigger and they get through their storms And that's exactly what I see playing out again right All the brands that have been hot the last few years slowly start to fade and Nike remains right And why is that It's because the other ones don't have they don't create lasting brands that can get through years and years and decades and decades right Nike creates a lasting brand and they do that through their athletes right They also do it through product and they do it through marketing And so the other brands never invest enough into their brand to get them through decade decade decade right And and and so they end up just becoming fads That's what all the other brands end up doing They kind of end up becoming fads because they aren't willing to invest that sort of money money that Nike is Like Nike's revenue is down right now right And yet their demand creation expenses up That's what we call investing for the long term cuz Nike is not just playing the game for this year If if all Nike cared about was what the quarterly results were you'd see demand creation expense down massively for the company but they're willing to reinvest in the business because they're playing a game over the next 5 10 15 years right And other companies are not willing to do that All right next one up on the conference call last night talking about demand headwinds for the company I spoke to him also Mike and we talked about the fact that there are some signs of progress under brand new CEO Elliot Hill's so-called win now strategy the strategic priority which he says is proof that what they're doing is working It's just going to take time And the question is time right And how long is Wall Street going to give Yeah And Nike in the recent quarter did what was it 11 billion plus of revenue And this is bad times for them by the way 11 billion a company like that is you you you know when you're trying to reset inventory when you're trying to get the product right all those sorts of things distribution it doesn't just happen overnight It takes time to play out there So anybody that thinks like you know this just happens in a day Like no no no no no The bottom line is you want to see progress quarter after quarter after quarter And that's exactly what I'm seeing And we'll start to see the numbers bounce back in the back half of this year because on the call I think what turned the stock is that they they said double digit declines for sales in the fourth quarter which is worse than what they're seeing So it's going to get worse before it gets better kind of right So everyone kind of eager to play the turn but it's coming from lower levels of topline And so I think that's the adjustment the market is trying to figure out and questions about when So here to discuss is Piper Sandler analyst Anna Andrea She has a $90 price target buy rating on the stock Anna did you do you have faith after last night's call and results even with the stock selling off today Uh yeah no good morning and uh thanks for having me Great to be here Uh so it's difficult to you know get really excited about owning anything in consumer right now uh in this tape and with the tariff exposure you know we completely get that but we're actually walking away you know pretty constructive on everything that Nike is doing right now Um there are definitely some green shoots uh with innovation Uh this is the most bullish they've sounded about innovation uh on a number of things uh really in a few quarters And we think uh Elliot Hill is doing the right things for the business They're rationalizing the franchises You know they've talked about that and basically choosing the near-term pain for some longer term gain Uh which we think is right How long though is the question Yeah No Uh great question and and as you said you know time is of essence right now Uh speaking to management last night uh they actually were saying on the call and offline that their view on the fourth quarter has not changed versus 90 days ago You know they said 4Q topline will be worse They're stepping up this rationalization So that's part of that So that's exactly what they guided to But we still think you know as we go through fiscal 26 numbers have now been reset sell side has come down you know quite a bit uh for next year uh we think you will get uh some recovery in the business in the back half and it's going to be a gross margin first uh type of recovery and sales later but you're definitely seeing green sho and 100% and and the thing you got to understand about Nike is when the revenue starts to bounce back which I believe will start to bounce back in the back half of this calendar year right when that revenue starts to bounce back because of how low they've gotten the the the uh cost of running the business you're going to see the earnings per share skyrocket We're not talking like a little bit No no no You're going to see it skyrocket even off of only a few percentage of revenue growth Oh my gosh Now you know the bearishness on the consumer I'm actually not bearish on the consumer This is GSG This commodity index over the past year GSG is up 2% I don't think that the consumer is going to have to deal with inflation at all in any substantial way for at least the next year or two right Tariffs we'll see what happens with all that That's that's a drama show that no one knows how that's going to play out But the moral of the story is here commodities are dead And if commodities are dead you're it's hard to get inflation Additionally you have worries about real estate all this stuff That hurts rent prices that hurts housing you're going to have interest rates likely coming down continually over the next year right Which makes it better if you're going to take out a car loan or home loan Just a lot of things get a lot cheaper And so the a lot of people are bearish on the consumer over the next year or two I'm not even if we saw unemployment go up to let's say five or five and a half% or something like that right I'm not bearish on the consumer I actually I actually like where the consumer is at for the next couple years here So I mean we'll see how it all plays out but I think I think the everyday man is actually going to be looking much better over the next couple years than they looked over the past few years That's my opinion with the fall order book Uh they talked about that and we think it's going to get better as we get through holiday Okay What What is he doing What what is he doing to turn around the innovation culture sales These were all problems right under the last CEO And that's that's people have come to realize that both investors and the company and I think Elliot Hill too But what is he doing to turn it around that gives you confidence Yeah No I think you know starting with the culture and you said this uh he's a long-term Nike veteran Uh from what we've heard about the culture you know folks uh at the campus are most energized that they have been in a while Uh so I think with the culture he's making the right steps um in terms of you know the pivot back into wholesale uh ever since he joined in October uh he's been uh working on their relationships uh in the wholesale with the partners really in the US and globally uh and that's starting you know to show now um I think also importantly they've been able to accelerate the roll out of some of the newness uh Pegasus Premium is a pretty well priced you know $210 uh premium price point type of a shoe uh that they've been able to bring to the market a year sooner than initially planned Uh we think that's pretty impressive Uh this is an industry with long lead times and again infusing more and more innovation Uh they talked about the Air Max DN8 uh that's resonating now Uh they're interesting things in apparel uh 247 line Uh they talked about their scaling production for that I think uh also in apparel worth mentioning you're going to get the skims uh partnership coming out uh that we think is going to be really interesting and just uh working through the rationalization of those classics um I think is really important and by the end of fiscal 26 I think a lot of that inventory is going to be out of the market All right Anna thank you very much for joining us with the bullcase on Nike and Andrea listen to the conference call Go to thousandx.com Listen to the conference call Elliot Hill laid out the whole plan It is you know if you care anything about Nike listen to conference call He lays it all out in detail in a phenomenal manner about everything they're doing everything they're up to He could have not communicated more clearly It was perfection Right Another comment I saw recently was somebody was like "Oh they're partnering with Kim Kardashian on that ski Like isn't that show weakness for Nike?" I'm like are you kidding me Like Skiims is a very hot brand One two Kim Kardashian is one of the most famous people in the world and hundreds of millions of people love her I think it's very wise partnership on on the part of Nike to get a hot brand like that And you know one of the most famous people in the world and like I said hundreds of millions of people love that woman And so I'm like if you could partnership with her I mean that that whole Kardashian family everything they touch turns to gold It's I mean it's incredible I'm like that doesn't show me a position of weakness That shows me a position of strength and it's also great uh it's also great for Kim Kardashian to be partnering with Nike as well It's a win-win for both sides Like she's going to probably become even more of a multi-billionaire after all that So um the moral of the story is man listen that conference call Banger So we'll see how it all plays out I think it's going to play out very well Okay Appreciate you all joining me as always Thank you so much for being here Thank you for joining me here today If you're looking to apply join my private stock group private wealth group get access to thousandx.com Pin comment down there Click on that fill out a form see if we can get you access to that uh next week