Interview With Phunware - The Creators of Trump's 2020 Re-election Campaign App

Episode Summary:

Phunware COO Randall Crowder joins us to talk about Phunware $PHUN Enables Politics.

Phunware created Donald Trump's 2020 Reelection campaign app and has a strategic advantage in the political sphere.

FED Talk

$RGP ,$PRTS,$CAR, $PHUN

Guests:

12:10 pm ET Randall Crowder and Ryan Costello

12:30 pm ET $RGP Resources Connection CEO, Kate Duchene

12:45 pm ET $PRTS Carparts.com AMA with COO David Meniane and CEO Lev Peker

1:00 pm ET Jesse Kaylor https://www.elitetradinglive.com/

Hosts:

Spencer Israel

Twitter: https://twitter.com/sjisrael

Aaaron Bry

Twitter: https://twitter.com/aaronbry5

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Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Unedited Transcript

Welcome to Benzinger live I'm Spencer. That's a, B a K a Aaron Bree, AKA, the man who's long, every single meme stock in the world. Uh, we got a jam packed show today. We got like five guests on today's show. I think it's, it's going to be right at the top of 12, 10. Uh, we're going to have Randall Crowder.

Who's the COO of Phunware. Uh, everyone's been talking about this stock, ticker P H U N. We've had Randall on a couple of times, so excited to get Randall back on the show and Ryan Costella will be joining us as well. Um, and on the board from the board of directors. Yep. And like you said, I mean, we just have a jam packed show at 1230.

We have Kate Duchenne joining us from resources connection and at 1245, we've got kind of a special treat for our viewers in AMA ask me anything with car parts.com, COO David and CEO Lev peaker. Um, and so Spencer. Yeah, we'll be doing some trading with, uh, even trading with Jessie or we're just going to talking stocks.

Yes. The answer to that question. Yes. But let's start the show.

all right. AB let's get things started with a news update quickly, one through the headlines and we'll get to, I see you on the chat. I see you. We know why you're here. We'll get to why you're here in a second, but first real quick, let's just rip through some headlines go. Yeah. So we, of course, we're in the middle of earning season.

We had more earnings, uh, last night, this Zillow reported Spencer and it was a big miss for the company. Um, so revenue came in at 1.7, 4 billion versus 2 billion estimate. Um, and Zillow, you know, gave some interesting guidance on their home buying business, essentially saying they are closing that vertical the business, and they are cutting 25% of the company's workforce.

So not good news on Zillow. We've got the chart up on the screen. Um, what does that look like? It's trading down, uh, yeah, 20%. This is the ultimate like wall street bets thing. I feel like, because like y'all know that the housing market's been on fire and Zillow managed to lose money in the hottest housing market in what, 15 years, 14 years.

Uh, so. Hey, that's like the ultimate waspy a thing I feel like. Yeah. And the company essentially said that the, um, uncertainty of housing prices just poses too much volatility on the company's balance sheet right now. So that's kind of why they're closing their home buying business or so they say, um, so yeah, not a great day for Zillow.

Let us know in the chat. Hopefully you weren't long the company into earnings. Let us know if you're buying the dip. I know I'm certainly not because I mean, just not good news coming out of Zillow. Um, of course the open door competitor, uh, we'll check in on open. See what opens doing skip ahead. And we'll, we'll check in on bed bath and beyond in a second.

Cause that's the other big news. Ah, Ooh. It's okay. It's up 2%. Oh, okay. Opens fairing a little bit better than Zillow. Zillow's new. So bed bath and beyond just skyrocketed yesterday after noon. Um, and of course, you know, the other meme stocks followed. So we had AMC GameStop bed bath and beyond, um, all running yesterday.

So of course bed, bath and beyond still has a bunch of short interest. A bunch of short sellers just got crushed yesterday. Um, this looks like the stocks trading up nearly 20% right now. So, uh, you know, good, good day for, but look at the internet chart. Look at the pre-market chart is well off its highs. I mean, uh, you know, hopefully that's just people taking profits.

Um, we'll definitely be watching these stocks throughout the rest of the day bed bath and beyond AMC GameStop. Um, Spencer ADP, the payroll company reported 571,000 new jobs added in October that crushes the Dow Jones estimate of 395,000. You don't care about jobs.

They spin. No, I don't care about that number. I do care about jobs. I don't care about that number. All right. That was good. Good spin man. News item on my day for the docket today was lift, lift reported yesterday and reported, uh, in contrast to Zillow, very strong earnings and lifts, cited an increase in demand for rides, um, in the previous quarter.

So we see Lyft trading up today, Uber up as well, trading with lifts. So, um, you know, good day for the ride share companies. So yeah, yeah, no, not really. Not really. Uh, I haven't taken a Lyft since before COVID I don't know if Uber, if you've taken a Lyft, uh, oh, that's a lie. I have, I take that back. If you've taken a Lyft or Uber since COVID drop a one in the chat, if you have not dropped it to.

Uh, but, uh, that was such a great comment you made about, I don't care my job. That was some great spit. I would, I would expect that comment from one of our next guest who is a, uh, a former us house representative. He's on the board of directors, uh, at Phunware. Uh, we'll bring Ryan Castelle on, along with Randall Crowder, who you all know the CEO of.

Off of Phunware. Let's get them both on here right now. Cause that was some that was some Washington DC level spin that AB just did. So congratulations, Ryan. There he is. Randall. There is good afternoon guys. How are we doing today? Doing well. How about just that? Congrats on the Barron's or capital deal.

Hey, we have new bosses. You got to throw some love your way. Yeah, we, we, we sold our soul and other things here at Benzinga. Uh, so here's what we're going. This is going to be a bit of a, a new thing for us because Amy and I, we got some questions, but you you've heard us ask Randall questions before, so rather than just do that again, right?

Yeah. He's dodging right. Rather than do that again, we thought we would bring Ryan on as well and how we can have a little bit of a fireside chat and have Ryan and wrangle do a little back and forth. Aaron and I are going to chime in with some questions as well. Um, but we, we want to do have we thought, how can we do something different than just you get another interview with me and Randall or Amy and Randall?

Uh, so Ryan, welcome to the show first off. Good to be on. Um, and I want to just, I guess, Ryan, I want to give you the floor, uh, first, and unless you sort of start things off here, the chat is, is all over this. Uh, I, I know what they want, but uh, yeah, so, so Ryan, uh, I'll open the floor to you. Why don't you start us off here and just, you know, have that.

Sure. Um, you know, I grew up in the suburbs of Philadelphia. Uh, when I graduated law school, I got very into the political process, ran for local office, ran for county office. During that time, I was also, uh, an attorney, advising companies. A lot of companies in the startup phase, uh, got elected to Congress, served the last two years of the Obama administration, the first two years of the Trump administration.

And then since 2019, I've been a consultant for, uh, some associations and some other, uh, companies down here in Washington, DC, and even on the private side, uh, advising some startup companies. And so, um, when I got to learn about, uh, Phunware and, and had some discussions with Randall early on, uh, I think Randall was able to pick up that I was very excited about what Phunware does on a day-to-day basis.

And I think, and I can relate this back, frankly, to when I served in Congress on the, um, on the subcommittee, on digital commerce and on the technology subcommittee, you know, you need to know where the pockets. And you need to prepare for that and you need to go get it and you need, frankly, create a business model around that.

And I think we'll probably talk a little bit about, uh, you know, the role of privacy and technology policy, as well as how you can, I think ethically, um, provide a, provide a solution, um, to owning your data and, and treating it as the commodity that it is, but monetizing it your own self and not allowing, you know, certain big players to do it over and over and over.

And I think we'll probably talk a lot about that in a little bit, but what specifically drew you to Phunware? Cause you know, you talked about skating to where the puck is going. There are a lot of cool futuristic companies out there, right? So w what, what was it specifically about Phunware? So you must answer to cause like I hounded him and it's like, you know, I, I figured he probably wouldn't even return my call, so this is good.

So there's three or four things. First, let me just go through like you, they have good people, like they have strong management. Um, Alan is a visionary, um, and Randall is a phenomenal operator. So, you know, that's number one, I think number two, uh, when you look at what the ethos of the company is, is it is not looking to monetize you.

It's looking to allow you to monetize yourself. Um, and I think philosophically that, that very much attracted me, then there's two main, the two main points in terms of their business model. Number one. Um, and again, I, I served in local government, uh, have been involved in more political campaigns that I, that I can share while I can share.

Um, and, and I served on the board of a, of a local hospital. And if you look at the verticals that Phunware does, um, uh, it has a solution, um, for each one of those industries in a way that empowers, um, the operator and the individual to maximize who they are and to create value for themselves and to make their lives easier.

Right. Getting, getting information to the right person the right way at the right time. Um, I think is kind of what the mantra of Phunware is. And I understood that intuitively because I've, I've been involved in every single one of those platforms before. And most particularly for me, I mean the political side I think is, is more self-evident, but on the government, on the government side, um, you know, I did a lot of public administration in my day.

I mean, it is a phenomenal way to go about providing constituent service in a way that allows the constituent to learn and get answers on their own. Interacting with government, but frankly reducing the amount of, of bureaucracy that needs to be involved on a day-to-day basis. And then the final point is, is, is the, is the, um, is the fun coin fund token, uh, the role of cryptocurrency, um, you know, they are ahead of the funnel is ahead of the curve and they have very, very smart people, very smart people.

And so I'm very excited to see where we go as a company. Um, and I I'll mention one final point. You know, I mentioned this to Randall the other day. I just did the, the national association of corporate directors certification process. And you learn a lot about corporate governance as part of that. Um, but one of the big things that you learn is, you know, when you're with a company that's on the move, um, you know, a lot of challenges come up and the goal is to create the right governance model and understand what they're doing operationally so that you can empower them, um, as a company to, to keep going and to keep achieving and it keeps succeeding.

And so that's what they're doing and I'm proud to, you know, I'm proud to be involved. I'm excited for what the future holds, uh, Randall, if I can open it to you for, for a second here, uh, maybe, can you speak a little bit about, uh, you know, the, the, the political involvement and that's one where it has had, I don't know how much you can get you probably, I don't know how much you think about right now, but in the past.

Right. And, and the involvement with, uh, uh, Trump's campaign and, and w and what else. Yeah, no, thank you. And I think Ryan teed this up so well, I mean that goal of, you know, what we kind of call contextual engagement. That's the future, you know, we've, we've ushered in a transformation in the past, going from web to mobile.

Now mobile is kind of table stakes. It's what can you do with it now, if you think about just that mobile phone being a mobile computer that's location, aware that knows a whole lot about you and the world around you and politics is such an incredible vertical for that. I mean, it's actually an honorable vertical for that.

I mean, you know, that is, you know, kind of underpins, you know, our society and our life. And so how do we enable politicians to better engage their constituencies, um, on the left and the right. And so, you know, going into, you know, we've, we've worked on both sides of the aisle. Um, obviously most famously, you know, we worked on the presidential election, um, for Trump, and that was a really exciting opportunity for us because an insider in the campaign, they were already going down a route towards Salesforce, actually insider in the campaign.

So at time out, if you want to do this, there's only one company that can do what you're doing. Point blank at the time we were managing all of Fox's entire mobile ecosystem. I mean, you have a company that could arguably buy and build anything they want and they're outsourcing it all the fun where it's, because we were very good at this.

And there's a lot of pretenders in mobile. There's a lot of people who say, oh yeah, I can build you a mobile app or I can do this. And when you start getting, you know, millions of people on it and transactions, they fail, you know, we set live streaming, concurrent records, every match of the world cup for Fox, while YouTube crashed, Google crashed, you have these game of throne moments where they crash.

And so for politics, they gotta be secure and they got to work at scale. And so we got introduced in the 11th hour, uh, and ended up beating Salesforce, uh, to do, you know, Trump's, you know, mobile application. It was all about engagement. So it was not in data, what buying hat, uh, and what's cool about that is now, you know, we are building that platform for, you know, politics, both domestic and abroad, uh, and it's incredible what we have now that we can offer.

So every politician should be thinking about that. If you want, you know, the Trump experience come to Fung where, and we can do that right now, um, you know, for you. Uh, and, and that's what the future of engaging people in politics is going to have to be not only just in the virtual world to build that audience, but what you can do with that and the real world, you know, whether it's rallies or events, um, or putting people on the street to kind of build, you know, a volunteer force, all of that can be done on a mobile applicant.

It's not a campaign. Doesn't just, you don't press start and stop on a campaign, right. This is a 24 7 365 day type of approach. And it's not just political candidates, it's issue, advocacy organizations and associations. Um, that, that, that V that highly value, uh, this type of contextual engagement.

Absolutely. So, so Ryan, you, uh, you know, as a former Congressman, you have experience, you know, communicating with constituents, um, do you think politicians need better tools to reach and engage voters in the 21st century? So the short answer is, and every politician will say this. Yes. Because you're constantly trying to improve.

And, um, to the point, some of the points that Randall made. You need to find a voter where they are. That's what I would always say. Like you can't, don't try and convince a voter that you're right. Find a voter where they are and understand why they think, what they think. And, and if you can understand the why behind it, uh, by the way, there's a lot of data behind that.

Um, and there's also a lot of learning that comes serving in public office. Um, when you, when you get the why to the question, um, and, and so, you know, just sort of adding to this, uh, the, the constant engagement with constituents and with voters is really the difference between winning and losing. And so you, you have to constantly be part, uh, you have to constantly engage in a learning process with your voters throughout the course of the campaign.

Because if you look at the trajectory of a campaign where you start, right, and where you end up, you know, that arc, um, and how well you do during that arc understanding, uh, what people are thinking and why they're thinking it and how you can influence how they think from the perspective of informing them while your, what your positions are, um, is extremely critical and in a close race, it's the difference between winning and losing, and that's where the right type of company, the right type of engagement, um, uh, enabling engagement with voters, um, is so critical.

And the data that you gather from that, by the way, that's a two-way street, right? Voters want to have engagement, um, sometimes on a daily basis with a candidate, um, and vice versa, obviously a candidate does, can you ask the question on that? Because obviously everybody's talking about. What Trump's trying to do today.

And, you know, a lot of this kind of comes from this, you know, fear or concern that the platforms we have are not good enough either. A there is, you know, algorithms at work that are kind of preventing your message from getting out. So you're, you're putting out all this great content and you're thinking in the back of your mind is my constituents even getting it, you know, are we just playing for the 10% undecided in the middle?

Like, and oh, by the way, how much of this content is, you know, derived from, you know, some Russian operation, you know, do politicians struggle with that today? Wondering, you know, is Facebook good enough? Is Twitter good enough? Oh, for sure. Um, and absolutely. I mean, to try and, um, to th there's not a, there's not confidence that if you get full participation on, on social media platforms or that, that the available, um, you know, penumbra of information out there is, is equally available to everyone.

And I think the objective frankly, is to try and push through those algorithms, right? Like not have that, um, create a filter to what you are exposed to, to what you can learn from and vice versa. You don't want your voice to be filtered back to an elected official or back to folks, um, in some of these portals.

So. And there's something, there's something to be said, right. To go straight towards, straight to voters. Right. It's the same as going straight direct to consumer. Right. It's the same idea, right. Going around the middle man, direct to the consumer direct to the voter. Um, and you've seen, uh, you know, and I'm sure Ryan, and I've seen this a lot, you know, politicians you've, you've adopted newsletters, right.

From marketing. Right. You've adopted other technology are we're headed. Are we heading to a, a universe where like every single candidate could theoretically have like their own app and their own platform again, technological planet? I mean, I, I think, well, you need access to a platform. Right? Right. Um, you know, let me just let me tick.

This is how important data is. Okay. And this is why having the right company, um, avail itself to enable you to, uh, empower the data that you have is so important. When you do television advertising, when you do a mail campaign, you don't even think about putting, paying to print mail and to send it out until you know who your voters are until, you know, who's going to vote.

What issues matter to them, how likely they are to vote and what kind of things might get them out to vote. So you spend a lot of money. Right. Trying to get that right before you even decide to mail anything and, and successful candidates spend a heck of a lot more on data upfront before they ever put any mail in the mailbox before they do any digital ad.

And so the companies that, that have expertise in that space, um, and, and who can develop, um, that data are the ones that you want to be associated with because they're the ones, they are the ones that win campaigns. Yeah. That's fair. Um, look there, there's a lot of stuff being thrown out around there right now about what Phunware may or may not be being involved in.

Um, Randall, what can you say about that? And if, if you can't say anything, when will you be able to say something about that? Yeah, so I, I Lord knows. I mean, I kind of. Fun where, and Ryan talked about this before, you know, fun where, you know, we don't want to be a meme. Stock has come from the mainstay for the company and learn about what we actually do.

You know, we are not a game stop or an AMC that is commercializing, you know, a bygone business model. You know, we're the future of what we're going to do with the bull. And, and politics is a, is a huge, uh, platform for that. I think what excites me the most is like Washington comments and people going, you know, we don't care what they're doing.

This company has so many different things it can do from blockchain to politics, to healthcare, um, to hospitality, you know, the idea of using mobile to reach customers at a time and place when they're most likely willing to, uh, engage with a brand or an organization that is the future of how we need to think about mobile.

And so, you know, for us, we're always going to be controlled by, you know, compliance to reg FD. We're always going to be controlled by, you know, certain contracts and, and what we can, and can't say with customers or partners. And so we will, we, I think we've done a pretty good job. We've endeavored to communicate as much as we can, as transparently as we can about what we're doing.

We hope all the excitement in the market is getting people to kind of learn more about what we're doing. Um, you know, but what we're doing specifically in politics is building a platform. For politicians to better engage, you know, consumers. And so, you know, if you look at, you know, kind of, I can tease it just a little bit, um, you know, some of the, you know, I'll share a couple slides just from our design team, uh, that we're doing right now.

Can you see that right now? Yeah, we got it. So, you know, a lot of this is all about kind of what Ryan was talking about, you know, how do you give kind of a certain customizable feel to what you're doing in politics? You know, we're doing this with hospitals, you know, hospitals have traditionally, you know, used a third-party mobile application, like my chart, if they have an epic configuration and it's not their content, it's not their brand.

They're saying, Hey, I want to control my audience. And that's absolutely how everybody should be thinking about it. And so with our platform, you know, we can give people that control. So you know, who you're engaging, you know, one contents being shared and you let some of your audience kind of opt out, you know, you can also have more flexible control over your content.

So, you know, how do you establish a nice rich, engaging, not just a, uh, a series of headlines and news feeds, you just kind of get lost in the mix. Um, you know, but we also, I think one of the coolest things that we had built, um, for Trump in 2020 that we didn't get to use was how do we do live events? You know, how do we do ticketing?

How do we give them a fly, you know, real world experiences. And so we've built that and design that into our platform as well. Um, and just all about increasing engagement. And I think that's one thing that our platform does and Ryan. You know, we're not coming in and saying, we're going to replace everything that you use, whether you're a brand or a politician, you know, what we do is we access everything that you used and we bring it into one environment.

So it's one app to rule them all. So you can still use Instagram. You can still use Twitter, but you need to have more control over your constituency and your audience. And that's what we're bringing to the table. And I think that's what everybody's so excited about. If you think about what, you know, got everybody so jacked up about what Trump is trying to do, it's disruption, it's disintermediating the middleman.

And I think that's what people in their soul just do not feel comfortable with. You know, that's probably the greatest threat to our democracy is the prevention of a fair exchange of ideas. You don't necessarily have to agree with them, but by God, our system has to be in place. You know, there were, it wasn't that long ago that people of color weren't allowed to listen to politicians or engage in politics.

We're creating new censorship mechanisms in a digital world that no one's paying attention to, but there's something wrong. You know, there's something, there's a glitch in the matrix. I think that's why, you know, when Trump came out and said, Hey, look, there's gotta be a better way that got everybody excited.

And we've been saying that forever. And so whether it's what we're doing with mobile software or what we're doing in blockchain to not only be able to verify you know who you are, but also verify your data and have you take that control over. Controls what it's all about. And I think we have the platform to enable that and the tools to enable that we've proven it and multiple, you know, large, you know, kind of world stages with large brands like Trump, uh, like Fox.

And I think, you know, we're going to, we're going to keep being a considerable player in this space. We're excited, the screenshots that you just showed us, uh, you have them like an ETA and when we might see that in the real-world standby. Standby. Okay. That's fair. Fair enough. Um, and, and I, and I also, I appreciate your, your answer, not answer about, about what you can say and, and when you can say it, um, but you know, I, I'm just, I'm looking at our chat right now and it's, it's going, it's going to preserve, um, like, like at what point do you acknowledge that they want, I mean, they, they want to know, right?

They, they want to know what you're working on, who you working with at, you know, at what point can you share with them? Um, you know, everything with us is going to be for those of you that aren't familiar, you know, it's, there's a regulation fair disclosure that, you know, we have to abide by. Um, and so, you know, we, again, unless it comes out in a press release, you know, we don't really talk about it unless it comes out in the earnings.

We don't really talk about it. Um, I think what people need to understand is that these kinds of transformations are not. They're not something that happens overnight. You know, Facebook didn't build Facebook overnight and Facebook didn't monetize Facebook for many years to come. Uh, and so I hope people are looking at, you know, our revenue guidance, you know, 50% growth in Q3 over a hundred percent growth in Q4.

I hope they're looking at a recent acquisition. We did out there looking at the role we can play in politics, the role we can play in many other verticals. And I hope they're taking all that into consideration. And they're excited about that. You know, I don't want to just be a flash in the pan, you know, mean stock, you know, we have a very real opportunity to affect real change and usher in an entirely new paradigm for how we think about mobile, uh, in a mobile first world, that's quickly becoming mobile only.

So, you know, I respect that everybody is really excited about single pieces of news. I think a lot of that is day traders. The people who have been writing me for the past week saying, thank you, you changed my life. They got in when we were below a dollar and they've been building positions in Phunware for a year or more.

And so, you know, I, I hope people aren't just here for a quick flip and a day trade hope. They're realizing that, you know, we actually have a tiger by the tail. Something very considerable that could really impact the world in a positive way, uh, especially in the political vertical. Uh, and I hope that they're, you know, excited about the future.

Not just anyone engagement, Ryan, what do you make of all this? You know, cause you know, you, you've known Randall for longer than, you know, there's reason period of examined here. So what do you make of all this excitement. Um, listen, it's an opportunity. Um, when you have, you know, the light shining on a company that is speaking to the very issues that I think a lot of people care about, I'll give you an example just today.

You know, there's focus here in Congress on a new privacy bill, right. And the tech in the tech space, like the mission of Phunware, right? So how do you own your own data? Um, it, it it's so simple yet it hasn't happened, right. Or if it does happen, it's because a company has made the principal choice that they are going to operate in that manner.

Um, and I think that the more that message gets spread, you know, the more, um, the more folks want a seat at the table and, and the more people say, you know, what, that, that company aligns with my values, that company aligns with how I want to use my phone. That company aligns with how I want to go find customers or interact with constituents or with voters.

Um, so it's, it's a very exciting time to be sure. Yeah. The point about owning your own data. I think we're only now in the last couple of years, right. Grappling with our relative ignorance of the last 25 years we're at about who has our data and, and what are they doing with it? And do we care? Well, we don't, we didn't care until we cared.

Right. And that, and now. Will that, right? Yeah. Um, I, I guess, you know, uh, Ryan, do you, do you expect to, you know, as a former Congressman, do you expect that we get some more, uh, how do I put this? I mean, uh, I guess, do you expect Congress this to not go away as an issue in Congress, a bipartisan issue in Congress?

Uh, so it is a bi-partisan issue. I guess the question is, do we have a bipartisan solution and to your point, like five years ago, I'm not so sure that policy makers had a full grasp on what do you mean own your own data? What does that even mean? Right. And now, now I think everybody understands what that means and they understand what path we've chosen to take and how frankly that path has probably been misguided and how it's it's led to some, um, it's, it's, it's led to some unfortunate outcomes, um, and it's rewarded, it's re it's rewarded bad actors.

And so the question is how do you course correct. Um, and how do you course correct in a manner that empowers the individual, right? Like, so when I go on the internet or when I choose to look something up or how I behave, will I be able to use that in a way that empowers me? And will I be able to communicate with companies, will companies be able to identify who I am in a way that gets us connected and cuts out, frankly, the, the toll booth collector.

Yeah. That's yeah, that's right. Um, random Crowder. What's exciting is that that's that's, that's where fun, where it stands. It's hard to necessarily put that in a 15, second commercial, but people are starting to get it. Yeah. Randall Crowder's is COO and Ryan could steal him, was on the board of directors of Phunware.

You all know that the ticker, you want to know the company and, uh, and guys, this has been great, something different. I think, uh, it was nice to get, you know, a third voice on here, like Ryan, uh, you know, sort of spice things up for us. So Randall, we appreciate, uh, the screenshots. I had not seen those before and we, we will be in touch and see how things develop and, uh, keep us informed, please.

The people are, need to be kept informed of all of the comings and goings and what's happening here. So, uh, so we're looking for, we're looking forward to that and, uh, thank you both for joining us today on Benzinga live. Thank y'all. Thank you. Y'all go, honestly, y'all are doing an amazing job. You know, what y'all have done for the community of investors is incredible.

And so thank you for just being a part of y'all story as well. So, you know, this is a new day that we live in and the more you can educate people the better. Uh, and so we're happy to always participate. Appreciate it. Thanks a lot, Randall. Thanks a lot, Ryan. Uh, whoever was in the chat asking for a price target, man, we don't do that.

Okay. Here, I'll give you a price for I'll pull it out of the air right now. It would mean nothing, right? That's not what we're doing here. And also, even if I did have a price target, what, what value would that have to anyone while, as I said, 'cause I said, it's going to 20. W what does that mean? It means nothing, right?

It doesn't mean anything. It's not, it's not the point here. Um, the point is to, to hear from the people inside the company, in the know, you know, obviously our Randall was very good at and not answering certain questions, uh, and, and dipping and dodging around certain questions. Um, you know, as he is wanting to do, frankly, uh, you know, I can ask what I want to ask and I can't make him answer in any way, shape or form.

Uh, all I'll say is, um, I guess the only thing we can do is wait and see, right. Wait and see on the app. Wait and see on who they're working with, because he didn't say frankly, I mean, he didn't, he. Didn't really say he, he was, I will say I had the pleasure of speaking with Randall actually back in January, kind of when I was first starting here at Benzinga and he was one of my favorite, um, executives that I had gotten to speak to just because he was so candid.

And did he show you the thing that the thing is arm thing? Oh, that was just like a month ago. I did see that, but that wasn't when I talked to him back in January, he was all healthy, still pumping iron, you know, but, uh, but my only question, I guess, that I didn't get to ask would be that if, uh, I know I didn't do a good job of telling you, but just does being associated with having done Trump's app in 2020.

I mean, Randall mentioned working with both sides of the aisle. Would that make maybe members on the other side of the aisle hesitant to work with them? If there have been like linked to you should have asked, man, he should have asked, Hey, well I think I ran a Ryan back. Hey, if you liked that you can do us like the easiest solid favor in the world.

Just hit the little thumbs up button on YouTube. I know it might mean nothing to you, but it really does mean something to us. So we would appreciate, I get to eat lunch. If we get to a certain amount of likes, otherwise. Yeah, that's actually true. Uh, uh, the threshold is always changing every day. And just to give you an idea of where we're at right now, uh, about 160 Spencer, I think Jason said two 50.

I get to eat lunch today. So that's actually, I think that's the motivation for us to not, to not get there. Like you don't get that you want was being mean. Hopefully the chat isn't as mean as Spencer. Um, I, Spencer, we did say we have a packed show today. What do we have coming up next? We, yeah. W we're already running behind.

What else is new, frankly? Uh, we have Katie's chain. I see her here backstage, uh, she's CEO of resources connection. Uh, Hey, we're going to talk jobs AB we're going to talk jobs. You love jobs. I do love jobs trying to tell them they don't like jobs over here. I like jobs where have all the workers gone.

That is going to be one of my questions, uh, for Katie. She, you know what we have over here. Let's just bring her on right now. Katie, Shane, uh, here she is. Hey KJ, Shane CEO, resource connection, ticker RGP. How are we doing today, Kate? How are you guys? And thanks for having me. Thanks for, uh, coming on. Uh, w w we need to keep this show on the tracks, cause it's liable to go off the tracks at times.

So we're trying, trying to, trying to keep it on the tracks. Uh, first, just tell us about, uh, resource connection and what you do, and then, and then I'll get into my actual. Great. So our operating name is RGP. And for some people that stands for really great people. We are a human capital firm, um, built with a group of knowledge workers or modern professionals.

Um, we're really built to deliver professional services to the marketplace in a more modern way. And for us, that means helping our talented consultants build more of a portfolio oriented career, meaning they can decide what projects they want to work on when they want to work for whom they work and where they work.

So we're a business model built for today in terms of the focus on flexibility, agility, and control for talent, where is all the talent, Kate, where did all the workers go? So it depends on what segment of the workforce you're talking about, obviously. And I think, I think the data, when you really dive into it, the data tells you that the workers that are taking a break right now, the demographic is kind of 30 to 45 year olds.

And I think part of what's happened post COVID is everybody's reassessing. What's important in life. And it's not about work-life balance anymore. It's really about does work, align with what matters to you as a. As a person and as a professional. So the workers are reassessing right now. I think they're coming back, but they're going to come back in a different way.

Now for our company, our demographic is a little bit older, so we haven't seen, um, the Exodus that some other companies are experiencing. Uh, but we all have to pay attention to what talent wants because it's a talent driven marketplace right now. And so, you know, the companies that think they're going to come back full steam ahead with the behaviors of the past, I think are going to lose.

We have to pay attention to what talent is telling us today. Okay. I I'm with you on that. Um, so clearly, clearly the w the trends in the last year and a half has been very good for, for you and your, your business, right? You you've just, you know, reach your highest revenue figure over the last 10 years, you beat your beat, your own guidance.

Um, That's all backward looking the last year and a half, right. The trends of that have resulted from COVID I've benefited you and your business. Um, but now we're co now we're talking about coming out of that now and, and, and, you know, the, the relative chaos of the last year and a half year and three quarters more normalizing.

Right. So what does that mean for your business? Well, I think it's important to understand that COVID, didn't create these trends. COVID accelerated trends that we're already building in the marketplace and that are, you know, trends like talent, wanting more control, talent, wanting more flexibility, um, and the trends toward project oriented deliverables.

I mean, when you, when you look back what's happening, we're about to enter, I think the fifth industrial revolution, right? And that is about bringing human and technology capability together. Um, and the pace of change is, is happening faster and faster. Um, disruption is happening in every industry.

Technology allows, you know, upstarts and smaller players to challenge the behemoths in this environment. And so what's that doing to business and business leaders? It means we have to innovate faster. We have to get our groups to embrace change faster. And the kind of skills we need to pivot on different projects or change oriented transformations means the skillsets you need in an organization are constantly changing.

And so this paradigm of full-time employment being the only career path for knowledge workers is gone, and I think it's gone forever. And so there was a recent article in the Harvard business review, which, you know, aligns with my thinking. I'll share that up front, which is, you know, we're finally seeing the rise of the project economy, meaning that operational change will happen based upon project teams and not necessarily full-time equivalent employees just handling the day-to-day operations at the business.

And, and that was, you know, happening. Peter Drucker talked about that years and years ago, as the smartest companies will keep their core team lean and access skillsets. They need to drive innovation in their organizations. And that's really what we're seeing now, which wasn't created by COVID, but was accelerated by COVID.

Right. That sounds like it's great for the business. They can keep their costs down that way. Yeah. I've yet to sell me though on how that's that great for me as the worker, other than flexibility. And I get to live in a van out, down by the river if I want to and work on my laptop, but uh, it's I also, I hear that and I, I hear.

No benefits. Right. Well, okay. So let's talk about that. I mean, what I love talking about with, with you and others is that our company does offer the safety net of benefits and professional community. So it can be done. We're here to tell you that you can enjoy a gig work and a safety net and a home and a professional community and professional development, all the things that knowledge workers want, but we deliver it in a different way.

And what I'd say is it, it, it's a fabulous opportunity for talent that wants more control, um, wants to be able to work on projects at some of the most beloved brands, not get involved in the politics or the hierarchy of traditional kind of employment and career growth. And, um, you can do so in a way that also protects your family protects, um, your health care needs, et cetera.

And so we're really a new model for the modern age. Yeah. Um, Kate, I, I'm just curious, uh, of all the things going on in the job market, in your business at a, at a resource connection, uh, w w what is the trend right now that, that, that keeps you up.

Hiring great people just having enough people for our client demand. I mean, it's interesting. Our company started about 26 years ago. I mean, we spun out of Deloitte, um, out of the big four paradigm, but we're something very different. Um, but it's always been about finding the best people who want to bring their problem solving skills to the client environment.

And so the only thing that keeps me up, um, right now is making sure we attract that we become that irresistible employer for the talent. Um, you know, the most sought after talent in the future. Awesome. Katie, Shane CEO of resource connection, a pleasure to chat with you. We'll have to have you back on again, as, as the, as the market develops more and whatever trends develop more that we're, that we're maybe starting to see right, right now or changes.

And we'll have to have you back on to discuss this. Cause you've, you've got a pretty unique insight from your spot in the, uh, the ecosystem. So thank you so much for joining us today. We appreciate it. Great. Thanks for having me. Uh, all right. Uh, we are back on time, everyone, if you can believe it. I know.

Um, and let me see here. I see our next guests. Let's get that banner off the screen. Yeah, we can go ahead and do that. Thank you very much. Um, yeah, so coming up right now, we have car parts.com coming on for a retail investor AMA. So this is interesting if, if you've never participated in an AMA before, it's an ask me anything.

So post your questions in the chat and we will go ahead and pull them on the screen. We will do that. Um, yeah. So, so without further ado, Spencer let's, let's go ahead and get to let's just bring on this CEO and the COO of car parts.com, ticker, P R T S Lev Parker, David, Minnie. And we got them here. Let's bring them on their backstage.

I see them there. They are. Wait a minute. Are they on mute? Can we hear you? Hello? Looks like, wait, I think they're on a mute. Oh, no. Let's see if we can unmute them. No, I think they will have to do it on there. And can you get yeah, on the it's something on the, on your end guys here, that's moving backstage for a second and we'll be able to see when they're on a muted and um, within the, within the platform from the platform, they can do that.

Uh, in the meantime, um, everyone in the chat, I, I w we have fun bowls. We have fun bears. That's what makes the market, um, and just because you sell one disagrees with you doesn't make them necessarily wrong. It doesn't mean it's not a personal attack to be. Bullish or bearish of stock. I just wanted to put that out there.

Cause you guys, a lot of people fired up about Phunware right now. If you miss the phone were interviewed just for wanting to show like 20 minutes and you'll catch it. Uh, do we have David and live on mute and no, I still see them. They can't, they can't hear you guys to working on changing their speaker settings.

Just a little, thank you, producer Rojas. He can't even hear us. So how would they know that we were talking to them? We wouldn't exactly write disagreements. What drives the stock market. So yeah, just like that. If you ask a question in the chat, we will bring it up on the screen provided it's appropriate and we can, you know, actually not be embarrassed and humiliated when we bring it up to them.

So, um, bowls in the long-term win. Oh, in the long-term stock market. That is true. We're at all time highs. This is generally true. Uh, but of course not all stocks go up and stay up. This is why I like ETFs. All right. I think we have them back. I think we have Lev Lifepak or the CEO, David, Minnie, and the CEO of car parts.

Can we get them on here? Take two, hitting the button. Um, hold on. It looks like they still cannot hear us. We're still troubleshooting this. Okay. Um, let's see. Actually it looks to me like they're frozen. Oh no, they're not frozen. I think we add them guys. Nope. All right. We're still working on that. You heard them?

I heard some typing on their end, but they can't hear us, which is the problem right now. Hey man, it's alive. This is what happens on live shows. It's fun. You roll with the punches. So we'll get, we'll get Dave and then live on in a second. And then after them, we'll have Jesse Kaler from elite trading and we're just going to spend the next hour after this, just like ripping through charts.

If you have a question, you might have stock drop the ticker in the chat and we'll just, we'll just run through them. We'll get, we'll get thoughts. Any stock you want to look at, we will look at, I can't promise you'll have anything good to say about it, but of course, but we'll look at it and it's what, what, what's the worst that can happen.

Right? Uh, so we will do that basically for the, uh, the, the, the, the one to two o'clock hour. We'll wrap up the show at two o'clock and the timing is, uh, precipitous because that's right where we're going to get the FOMC announcement. Don't forget everyone. If you are trading today, uh, the day's liable to turn on a dime depending on what happens at, in an hour and 12 minutes from now.

Um, what the fed says regarding, uh, there are tapes. Of asset of buying out, uh, um, uh, uh, bonds of buying mortgage backed securities. They're going to slow down their pace of bond. They're going to eventually stop. We just don't know when they're going to start the process. Is it going to be in December? Is it going to be in jail?

It's it's trying to like, it's like trying to turn the Titanic, right? Wait, it's just such a slow, drawn out process, but the market cares about that stuff. And market cares because this was this, the bazooka gone safety net that, that the fed shot out of a cannon last March. Right now we're talking about maybe slowing down the bazooka a little bit, the fire hose of money, uh, that could, that announcement could come today in an hour and 11 minutes.

And, uh, yeah. And Spencer retaught about it on Monday, as far as you know how essentially all the big banks between Morgan Stanley, JP Morgan, we're expecting this announcement to come this week. To my knowledge. I, I believe it, a lot of it's priced in, but like you said, there could be a surprise in terms of when that tapering is supposed to start.

If it, if it's earlier than expected, maybe the markets take a hit if it's later than expected. Um, the opposite of it hit. So we shall see this afternoon. I know all eyes are on the conclusion of that fed meeting. We will definitely be covering here on Benzinga. Um, so stay tuned. If you are interested and let us know in the chat kind of what you're trading and what you're looking, we are watching the chat.

Ben Lee, what do you want us to answer, man? Mainly I see your question. He says, we're not answering you. What, what do you want us to answer? We don't know Bentley, if you're even a real person or even a real person. I don't, I know you're real. Yeah. I mean, I, I don't know. There's it seems like there's been a lot of problems, uh, w with true social, it seems like in the past couple of weeks, a lot of reports coming out, I tried to get to get the app the day that the, the I announcement.

Um, and I, I guess I pre-ordered it, I'm not quite sure how that works, I guess, is what happens when you get an app it's not public yet. Is it going to show up on my phone one day? That's just how this works. Cause I, I hit download and then nothing happened. So I don't quite know. I don't know. I mean, we'll be, we'll be watching out.

We'll see when the app goes live. Um, checking in on the spec that that is partnering with true social is down about 1% today holding at $64 and 30 cents. Uh, this is a stock that, you know, obviously went berserk a few weeks ago. Um, reached, got well over a hundred dollars at one point now at 64, uh, dollars.

So we'll be watching, um, D whack as well, Spencer, while you've got Benzinga pro up and we're waiting for the car parts guys. Um, I want to check in on, on a cannabis stock. Uh, well, not a true cannabis stock, but one that I've said I liked in this space that is Scott's miracle grow SMG. Y um, Scott's reported earnings last night and is taking off today up about 12%.

So essentially if you, if you're unfamiliar with the stock, Scott's miracle grow, of course has their different soil products known for gardening and whatnot. But, um, if you go to Scottsboro gross website, you can go under the brands they own, and they have a bunch of different brands, uh, that are, are targeting the cannabis industry.

So, uh, you know, focused on the lights to help grow the cannabis, um, soil of course, all this stuff. So to me, it's a place. Gets you that multi-state operator, obviously Scott's miracle grow with the equipment, um, can kind of be a grow G competitor who, uh, grow G has been touted as the home Depot of cannabis, but never got, because you can go there to buy essentially everything you would need to grow cannabis, uh, without having to go there to, to buy home Depot with home Depot of candidates.

I agree. And I think Scott's miracle grow. The brands they have under are very compelling as well. Um, all right. We are good with car parts.com. Give us a couple seconds and we will bring on peeker and David many. And we are going to go ahead with our AMA, so start spamming your questions in the chat. Can I hit the button?

Hit the buttons guys, thumbs up. If you can hear me thumbs up. Let's do that. Then they can hear us. Okay. They can hear us. Oh man. We're going to do this third. Time's the charm 3, 2, 1. Yes, we have them. What's up. What's going on guys? How you doing? Good. Great, great love peaker and David Manion. David's been on the show a few times.

I believe we've had Levon as well. So welcome back guys. How are y'all doing on this Wednesday? We are doing great. How are you guys? Good. Good. So for some of our audience that may not be familiar with car parts.com, can you guys just give us the quick elevator pitch 60 seconds so we can get into the school.

So I'll do it. So we're, uh, we're an online retailer specializing in auto parts. We sell collision mechanical performance and accessories. And what makes us unique is that we have our own supply chain. We import straight from the factories in Asia and domestically. We bring all the inventory in our distribution centers and we sell them directly to customers.

So what that does is it allows us to sell premium quality parts at competitive prices. Got it. All right. Well, give us a second because there is a site. Can we start? Cause I have some questions. Let's start with Spencer's questions. We'll get some from the chair. Can we your own supply chain? Uh, what, why, why do that?

It seems like an obvious thing to do now, right? When there's supply chain chaos everywhere. But at the time, I'm sure that was not an obvious thing and there's a reason, not everyone does it. Right. So why, why, why do that, uh, at the outset? Yeah, it's a great question. And it's an obvious thing for us and it's been obvious since we joined the company three years ago, it's about controlling our own destiny.

It's about vertical integration in order to offer the best quality products at the best prices you want to control the whole journey from factory to fulfillment centers, straight to the customers. So no middleman, no third party. There's no one in between making a markup and we can offer the same, same parts at great price.

So it looks like we do have our first question coming in from Brian baller. He's asking thoughts on Tesla taking over the car industry. And I'm going to add to that a little bit, because I know Tesla famously has less car parts than other cars. Yeah. So I'll take that one. So I think if you think about the car park today, you know, there are 286 million vehicles on their own.

And the average age of the vehicle is about 12 years. It's the oldest. We've seen, uh, cars on their own, uh, to date. Yeah. And, uh, if you really think about how many cars Tesla is selling per quarter or per year or whatever number you want to take, and it's a very small percentage of the car park. So it's going to take a long time for not just Tesla, but all electric vehicles to penetrate the car park.

But we have been getting ready in January. We'll launch a car cars.com/cd. Uh, we have over 700,000 applications, uh, and different parts for electric vehicles. Uh, we were also a launch partner for TRW and their blue line, uh, which has brakes for electric vehicles. Um, so w we have been getting ready. Um, and the other misconception is that Teslas have fewer parts.

You know, 90% of everything that was sell is, uh, really drives through Gnostic. So, you know, Tesla has bumper covers and mirrors and the headlights and control arms. Um, and sure you have three plays breaks less frequently because of the way the, uh, the car, uh, breaks on its own when you release the gas bottle, but it still has those parts.

Wait, just real fast. Um, the average age of the car in the us 12 years, how does that compare to historical averages? I too used to be, you know, between 10 and 11 and it's been slowly climbing. So, you know, we went from 10.6, uh, maybe 10 years ago to, uh, 12 years, uh, this year. Uh, ah, okay. Moving on. So easy, Mike is asking, do you guys currently have any deals with the major automakers?

I was going to say what's up easy, Mike. Cause I like the name. I think actually you bring up a good point. Then what makes our business very unique is our private brands. 90% of what we sell is our own brand and our own product. So that's how we can, we can have the same quality as the OES, but at more attractive price.

And we're also, you know, early on in our journey, we decided that we wanted to reduce the paradox of choice for the consumer. So our goal is to offer the customer a good, better, best selection. And you know, if you think about an OEM part, you know, it's extremely expensive in most cases. Uh, there's really no.

And a lot of we parts, uh, you know, we create our own catalog, right. Their own data. And so eventually we will offer consumer choice to buy an OEM part, but the aftermarket parts are just as good. Um, and often they're sourced at the same factories as where OAE make their parts as well. Got it. And so Eduardo Gonzalez in the chat is asking, um, do you guys offer a lifetime warranty on your parts or, or if any warranty at all?

What's the duration of that? Yeah, we're actually in the process of rolling out, um, all new policies in terms of returns, uh, we're really want to be consumer centric. And so, uh, over the next few months, which we'll see, we'll see us roll out as hassle-free returns. So the first 90 days of the, uh, of you owning the product, you'll be able to return it to us.

Uh, no questions asked. Um, and then after that, there'll be a lifetime replacement guarantee where, you know, if you buy a set of brake pads, you'll be able to use those brake pads. And then in a year or two years, whenever they wear out to return them to us and buy a new set and get us afraid, I think Eduardo brings up a good topic.

And if you look at some of the, some of the specialty retailers that are doing really well right now, whether it's chewy or Warby Parker, some of the online players, their return policy and their warranty policies is what also makes them very unique. So that's one of the things that we're looking to match and, and improve on over the next few weeks.

Got it. Yeah. That that's interesting. Um, someone else is asking a good question to chat rich. Kaiser's asking to have I saw this one. This is a great question. How far back in years do your parts go for the people who have classics? I mean, we're up here in Detroit, Michigan. So a lot of people out here are driving cars, you know, from the classic cars really from before you were born.

So literally we go back to, uh, about 1980. Um, we are in the process of expanding our assortment and identifying gaps in our catalog. And so classic and the restoration is definitely, uh, one of the areas that we want to pay attention to. So you'll see us kind of start catalog. There'll be calls, you know, and go back to the 19 56, 7 twenties, um, as we kind of attack new areas and get a new, a new arts.

And there was another good one here I wanted to get to your film, the chat that I just saw. Uh, and I want to, um, yeah. Okay. This is going from bread, bread goddess. I don't think we asked this one. Right. Uh, do you work with individuals or companies? Is there any you can name? Uh, so we primarily ship to individual consumers.

Um, now from our research with do know that one in six customers takes the parts to be, uh, installed or replaced, uh, somewhere else, they don't do the repair. Uh, and we're also working on a lot of different initiatives to address the, do it for me market. But today our primary focus is do it yourself, individual consumer here's one from Christian.

How has your supply chain slow? This is the obvious one, right? You have your own supply chain. What was surely it's affected? Right. So how is your supply chain slowed down? I've been affected over the last year and a half? You know, I think every retailer has felt some impact of supply chain, disruption, you know, for us, it's, it's an obstacle and we looked at it as an opportunity.

So very early on in the pandemic, we decided to take a more aggressive approach. So we continued to expanding our supply chain by opening new buildings. We continue to pay, you know, premium rates for ocean freights to have the inventory. We like to say that inventory is our oxygen. And so the fulfillment centers is really the key and the critical component of the company.

So we've been very aggressive in terms of bringing in inventory. And in fact, then we just announced it yesterday on our earnings call. Uh, we're at basically a company record in terms of inventory position. We have $130 million of inventory position on the books. That's up from 49 million, two years ago.

And as we get into our peak season, having the inventory in stock is what's gonna make us win 130, 2 million, the extra 2 million actually counts. So it makes sense that France, what about, uh, foreign cars? You guys are also in those Martin you're in all carbon. Yes. So all foreign domestic, uh, 1980 and above for now.

Um, but we carry it, uh, collision mechanical. We carry it all. All right. This, this isn't asking me anything. This question I highly, highly doubt you can answer, but somebody did ask about your take, I think on flying cars, I think, um, Hey, this is what we, we, we, we pulled the Jad for questions and this is what they say.

Let me find the exact question because I don't want to butcher it. Um, yeah. Yeah. Okay. This is the quiz. This is the question. We'll test produce a flying car in the future. Like the ones in the Bladerunner movie. Well, I doubt they can speak to Tesla specifically, but I'll let you guys answer that as best you can.

I hope so. And you know, if it falls out of the sky, there's going to be more parts to replace on it and I'll tell you for me, I'm still waiting for a flying DeLorean. Yeah. Yeah. Those, those are supposed to be out by now. I thought, um, this isn't from the chat, but I'm just curious right now. What, what brand is the most bought, um, you know, brand of car parts on your website right now?

Uh, meaning for which brand of cars or yeah, for which brand of car I know it's your, I know it's car parts.com branded parts, but you know, are they for Toyota's for Volkswagens? It really follows, uh, vehicles and operations. So it's, you know, the number one selling vehicle in America is a Ford F-150. So a Ford F-150 is the most common.

Uh, vehicle, that was all parts for it. And I'll give you the other ones. It's a Dodge Ram Chevy Silverado and Toyota Tundra. The remains yes. Of trucks. Yes. So, so logistically, you know, so I go to a mechanic, they, you know, typically would say, oh, we have to order these parts and there's going to be a markup for those parts.

Um, so if I went to a mechanic and knew which parts I need and then went and got them myselves from car parts.com, could I bring those to the mechanic and then, uh, have them install those or do they, the mechanics themselves have to order from car parts.com. Yeah. So we've seen the pie kind of change. Uh, you know, if you would've asked me 10 years ago, I would have told you that, you know, most mechanics wouldn't take the parts that you sourced outside.

Uh, but I think as kind of time went on, um, a lot of mechanics, uh, they kind of work like lawyers or doctors where, you know, they, they have a certain amount of money they want to make per hour. And so if you were to go out and source your own product and then bring it into a mechanic, uh, he might have free time and he means stole the parts.

He might charge you a little bit more for labor. Uh, so, you know, if a typical labor rate has one time per hour, he might charge you 1 35 just to make a little bit more per hour. Cause he's forgiving the, uh, extra profit on the parts. Uh, but a lot of mechanics will do the repair. Uh, if you bring in the part.

And then, uh, just to wrap it up here, there was a question about a warehouse automation. Can you speak to that a little bit? Is that something that you're investing in or not really? Yeah. You know, automation is a word that gets thrown out a lot. There's different types of automation, you know, for us, it's all about customer experience and clicks, optimizing click to delivery.

Then what that means is when the customer places an order, we want to ship it out as quickly as possible. Now there's different ways. There's different types of automations, there's conveyors, there's AMR. So we're always looking at different ways to optimize the warehouse. Ultimately, you know, we have a thousand people on our team in our DCS.

It's the critical, it's the heart of the company. It's the people that make this company run and allow us to be here today, frankly. So that's never going away. Are there opportunities to be a little more efficient? Long-term absolutely. In the short term, I think we're doing pretty well investing in our own people, uh, especially in this environment.

All right. There's actually a couple more here. I, uh, someone asked about Berkshire grey BGR. Why I just put the chart up there? Uh, is that a company you're looking at for order fulfillment? Uh, so actually, no, uh, what we're looking at right now is building up our own capabilities internally. Um, I don't like to say it in public, but it's kind of true.

We're control freaks. And what that means is we want to control our own destiny. So a lot of the tools and technology that we use and how we leverage data is all built internally with our own. All right. And then last one here from Christian Gallagher. Do you offer free shipping and how long has your delivery time?

So right now, you know, typically what we're aiming for is, uh, two to three days delivery. Um, and that's why it's really important for us to get closer and closer to the customer, because what we're trying to achieve as 80% of the country in one day. And we're also trying to achieve getting the package out of our distribution center our same day.

So if you think about placing an order, uh, on a Monday and getting a part on the Tuesday, that's where the competitive advantage really comes in for us. Um, so that's why it's such a big focus on opening more and more distribution centers, uh, getting closer and closer to the consumer. So we can fulfill orders really quick, uh, in terms of free shipping.

Um, a lot of our parts have free shipping. Some don't, um, you know, it's kind of free shipping is kind of a weird thing in the industry and the commerce because ultimately the consumer pays for it. That's just baked into the price. Um, so we kind of go the transparent route. We just show you, Hey, this is what we pay for shipping.

And, uh, we're passing those savings onto the consumer as well. All right. Uh, David Manion, I think that was, that was, uh, that, that was all we had. Um, I think we got to all the questions I'm 99% sure. We got to all the questions in the chat. So David Lev, uh, Carl parts.com, the CEO and the CEO of Lev peeker and David Minjan, uh, guys, a pleasure as always and a.

Good luck. Congrats on the quarter you just had and, uh, and good luck going forward. Thanks so much guys. Thanks for having us and PRTs to the moon. Oh man. Wow. Going out with a bang on that one. Uh, it's Spencer, you might not have been on power hour with us the past couple of times David comes on, but he always gives us a good car parts to the moon.

So I was not on got to love him for that. Yeah. Um, so yeah, I mean, I, I personally, I'm not a huge like car mechanic guy. Like I don't like change my own oil or anything, but ever since, uh, you know, we've gotten the chance to speak with David and Lev I've toyed around on the website and it is very easy to like find parts comes up very quickly.

I mean, it seems like a very disruptive, um, company in that space, you know, back in my day, we had to like go to the mechanic and ask for the parts there. Now, now they get the way now. That's why I asked the part about the, uh, um, if you go to the mechanic, cause I know they like to, you know, say, oh, we got to order these parts and charge you for the parts.

And I'm sure there's a markup and upscale there for what they're charging you. So mechanics. All right. Anyway, Hey, let's bring on our, our last guest of the day and, and you know, w we're in an hour or two of the show, this is the more relaxed hour, but actually everyone just chill. You know, lean back a little bit, Paul with some charts, and we're going to rip through some charts here with Jessie Kaylor.

Let's get JC on the show right now. Uh, Hey man, how are we doing here? How's it going guys? Thanks for having me back. Sydney has some good interviews today. Phunware was an interesting one. You can say that it was interesting. It definitely was interesting. I'm always interested in stocks like that because they have tremendous retail interest and uh, yeah, I love them.

Or you hate them and there's no middle ground. Uh, but what is on your radar today, man? What, what, what stocks are you? We'll, we'll pull up your charts here in a second, but, but what stocks are you watching today? So today was the day of, uh, pretty much rejoicing on the good trades that we had throughout the week and last week.

Um, kind of, uh, a lot of swings came into play that we'd been watching. So it was more of a takeoff today. I kind of just pulled some out. I did. Um, I did actually buy a little bit of fun where for fun and, um, average down a little bit on that one and took some profit out. I got in. And in that lower $4 area and got out around five bucks and I was like, you know what?

This is a nice little run, real fast get in and out. So it was kind of fun on that one, no pun intended, but the bagel was the Footlocker call out that I had with you guys two weeks ago when we were on your talk. I remember that I wrote that down. I don't have paper, but I wrote that down two weeks ago, we said, Hey, we're in the 40 sevens.

We're looking for that target of 50 bucks within the next two weeks. And we're at $50 and 83 cents. So, uh, got out at the $50 and it was actually at 49, 83 to be exact, but we got out a little early and that's how we like to make it happen usually. And, um, that's this exactly what we had pulled up pretty much for you, or we're saying, Hey, look at all these nice support areas coming in.

And then it actually gave us a nice pool that the day after, or two days after we spoke and then it, it ran back down and I was like, oh, maybe I spoke too soon Smiths. Or I was in the chat kinda messing with you one day. I was like, Hey, I caught up with laugher. Then like a couple of minutes later, I was like, oh, maybe I was a little too early.

And it found that support level right here again, and it didn't take it out and come back and, uh, break a new low. And then that's when it just kinda, it was, it was easy peasy after that ups at 50. Hey, AB just making sure you see occupying investings comment. Can we get a Berkshire grey BGR Y on the show?

I think we can occupy investing. I think we can. Um, G R Y, let me write it down on. Yeah. Trustee dusty, a legal pad here. Um, B G R we will reach out occupy investing. We will do our best to get them on the show. And we will tell you when that happens, but you'll have to tune in. Um, okay. Um, what else are you watching here, Jesse?

Do you care? Do you care about the fed at two o'clock? Are you not about that life? Um, well I would, if I wasn't, um, a hedged position, uh, you know, I put myself in the hedge hedge positions and I make sure that I'm protected. And when I took off some of my wrists today, I also added which I was going to talk about.

Cause we don't always talk options together, but, um, I did buy some puts to protect myself, um, in the money, puts on QQQ today and I'm going to probably, um, carry them as protection for now. Um, I think that if they, if we get a pool back, then I'll take some, some profit on them. Okay. Okay. I was surprised that we were up again, um, based off of some of the stocks that I was watching and I'm looking at Facebook, apple looking at all the tech stocks, I was kind of surprised that we're hanging on the way we are.

And then I, um, I look back again and we're up again, we're green. And then I'm like, okay, well, I'm just going to wait until the end of the day kind of thing. And I'll add some options when they have a big price, jump to the upside to take some of that, um, implied volatility that comes off the table.

Basically when they, when they feel like, you know, the, the way I say it, I say they, but really it just whoever's writing the options. And whenever that value goes into play, you know, you can look at something that's 300 hours and then you get a 6% jump into stock, really fast on a short timeframe. Then it's going to just crush some of that premium for you.

And a lot of times you can just find those good entries like that, and then just kind of find them throughout the day. If you're looking to build a position for a sweet position, I like to, if I pick a day or two, I'll say, okay, today I'm going to buy maybe one or two at points of interest. And then tomorrow I'll buy a couple more things like that and add on until I feel like I got my position where I wanted.

Yeah, that's a great point. You made about the market being, uh, I, I, you know, I, this is, we said this now for months, but every day I I'm reminded of another stock that has just been absolutely brutalized. They may, it may, it made a high in February and it's been crushed since then. And I know that there's like a hundred stocks that are making new 52 week highs today, but how many songs making new 52 week lows today?

Like 500. Like it, it's more, maybe more than that. Um, you know, like it's pretty crazy. Like I look at Activision like crushed. I look at Zillow crushed, right? Chegg crushed we're at all time highs on the broad market. And we have, we can thank Tesla. We can think of apple and Microsoft, right. The, with the big guns, but there's just so much that's gonna be out there.

There's so many people. Th th that are underwater in so many stocks and, and or people like me that watched huge run-ups last year, didn't sell. And now, you know, I'm basically back to scratch in a lot of stuff. I have, I, you know, I follow you guys. I'm always with you in the chat. And I said, I think I ha I have a good grasp on what you own, Spencer, I think in my opinion.

So I've seen where you bet, you're pretty honest about where your positions are on a lot of I'll show you what I own right now. I have a watch list or I'll show you what I own it. Yeah. It's nothing too exciting, but I'll bring them up on the screen if you're interested. So, and you'll be so excited. Like, you'll be like, yes, you'll, you're not, but like the group is, we're like, look, you're Spencer, great call.

And you're like, yeah, it was great. If I sold about three days ago or a week ago or a month ago, especially with Sophie, I know you've been on a roller coaster ride with that one. Um, yeah, there's sort of, I want, it's tough. Right? It's tough. Cause it's like, it's, it's a, it's a retail stock. Retail loves it. I know, I believe in the company, but I, you know, I, I confess not to know why it does what it does I guess.

Not that I should know, but, um, yeah, you know, it's a D SPAC, this. All these things working against it, but I believe in the company and I, if, if I really am, am not full of crap and I should really just be quiet and let it sit for awhile, which I'm trying to do. I hear it. I mean, it's not one of those things where, okay.

I only listened to Benzinga I'm only on your channel. I listened to so many different outlets. I have my own, you know, you don't have my own discord or we have our own information, our own news, the top stories that come in and we also use pro. So it's, it's not only you, there's a lot of different names, big names, and just even smaller groups that are speaking about Sophia.

It's not just like a name that's been like, oh, this might be a meme stock. I think it's actually, you know, when you look at the fundamentals, you look at what the company is going to be doing and kind of where your thoughts of where they might grow in what they could grow into. I mean, there are a part of them is everything it seems like now, but, um, I, I think it's a good one for long and I'm not invested in them whatsoever.

So, um, I've have traded them multiple times, but, um, I don't have anything in them right now. Same with Footlocker I'm out of that one. I did see in the group, they were mentioned S N D L and I I'll touch base on this one just because I've actually been watching it because I like to monitor, like we will.

And some of the other like wall street bets, we have, you know, you can just put in there, uh, a quick, uh, command and see what the top most popular stocks are. And this one's been on like every list for a, I would say two years now, a year and a half. And. They just can't seem to win. You know, it's one of those ones where they, they get a little bit of momentum, they seem like it's the, you know, the pot stocks might come back and this one just always has just been, the laggard has been the beaten up one of the bunch.

And, and you can almost say that about the whole sector, in my opinion, that it's been a hard, it's been a hard investment for a lot of people. And when I look at this chart though, technically if I said, Hey, I've never traded S and D I've never in my life, looked at this. I don't know anything about the company, but I want to know if it's a good time to buy it.

Well, in my opinion, you know, you can, there's 16 cents right here. Just that's the first thing I see is that, okay. Okay. There's a possibility that this stock could go to zero for one it's under a dollar. Um, that, that's the first thing that comes into my, my mind. It doesn't go, oh, it could go to a dollar or a dollar 50 or two or 2 53, 3 54.

That's not what I'm doing as a trader. I'm not looking at this space above at this moment. When I first come into trade, what I'm looking at is where is it? Touch it? Where is it going to, where are the people saying, you know what? We're not going to let it get any lower than this. Well, it's squeezing and consolidating really tightly down here at 65, but the last move was a downside move.

So in my opinion, the way I would trade this is I'm looking for, okay, from this mark right here. And I'll put a line here. Is that just for the whoever put that question? And this is where I'm looking at dollar 49. I would be a millionaire, in my opinion, if I hit this level, the 1 49, that was a great jump in a 65 cent stock.

And how, in my opinion, where would I want to go to be safe and say, Hey, I can take some profit for anyone that's looking to get to that level where I'm going to look for is a spot about 40 to 50% between that level. And if you're looking to get into a position like this, in my opinion, you know, obviously don't take this as stock advice.

It's all just, um, information obviously, but you've got a clear level right here. I'd be my out would be right, uh, right underneath this previous low. So I'd put it about 58 cents 59 cents. And then I'm looking to only gain from this previous move. So now we're forgetting about this big one. We're looking at this one to here.

We're going to try to gain here 73 cents. So is a risk profile. Good enough for us to take the trade. Then you'd put this right here. You pull this down, it brings up your target.

And to me, it just doesn't look like it's going to be enough meat on the bones for this, for me as a trader. Now, if you're trading 10,000 shares and you somehow get filled and get out of that trade, then you're really lucky. And you, you know, you tapered out of it. You sold a hundred at a time, a few hundred at a time.

Um, maybe a thousand at a time, things like that. But that just, when you look at that, there doesn't look like enough meat on the bones per se. There's not enough. There's not enough. There's not a big enough ratio for profit. And that's just where I'm trying to tell these people, you know, a lot of people, you see them in the group, they're hoping for these and I call it the hopium stocks and you're not going to make it just like you say, you're not going to make the millions by buying out of the money calls for, uh, weeklies and monthly, you know, options.

Well, you know, though, depending on who you are, if you pick the one stock or the 12 stocks out of the 2000, um, well, that's the thing is like just somebody bought the 260 calls.

I made a lot of money yesterday and I, I don't want like, I, you, you can't knock it because like, I almost think I, you know, we talked about hoping them, you know, holding them traded off, uh, you know, never selling a loser, just hoping to get out. It comes back. I mean, the more it happens and it's happened a lot, right?

It's happened a lot in this market. You've gotten second and third chances, the more it happens, the more you're like, look, you got to just, it is what it is. It's not really a correct way, but the correct ways, whatever allows you to either make money or get your money back at the least. Right. I mean, and it's worked.

I don't know why, but holding and waiting in a lot, not everything, but. Has worked. It's just the way it is right now. Um, and we can scream till we're blue in the face. Don't want to hold your losers, sell your losers, sell your losers. I mean, the, the Mo every time we get a stock, like it makes a comeback. I think that's another one, you know, I don't know, man, that's the textbooks.

There's one thing. Real life says something else. So you can diversify, you know, have a couple bucks in there for fun. If you, if you really like a company and you think that there's a catalyst in the future, that they could rise. And you're like, you know what, then my opinion, then you wait for a really, really bad red week or something like that.

You want to wait for. It's a take a week of red, you know, five red days. And you're like, okay, man, this thing has just been beaten down. It's down 23%. Maybe that's when you take a shot at a long-term call because that's what you're going to have. A lot of that premium taken out of it. It's just what I see is people buying them when they're up 30%, 50%, a hundred percent.

Now the premium went from a hundred to 2000 and you're paying $2,000 for a call that you could have bought a house for a hundred bucks yesterday. And the. Non-educated trader. I don't think that they're looking at that they're not going and going, oh man, I could have bought that for a hundred bucks yesterday and at 10 of these things, for what I'm paying for, for one, the other thing, the other thing also is like, I try, like, cause I'm, I've been underwater bad, you know, in some stocks and that, um, if I'm, if I really am convicted and I just don't look at it.

Yeah. Then I, then I, I honestly, I don't even think about it. I, maybe this is just me. I've, I've unique ability to pretend my problems don't exist, but you just pretend it doesn't exist. Just forget, just stick it in a drawer. If you're in sun dial from eight months ago or whenever that run happened, you know, just stick it in the drawer.

I mean, if you're, if you're that convicted. Right, right. Um, I, yeah. I mean, that's sometimes that's what it takes. So we talked earlier about the, um, the stay-at-home trades are pretty much dead. That's kind of what pre-market prep was going over in that th that, that was the theory of the morning. I don't know if it, if it persisted today, but that was the theory of the morning.

It's been a green. That's why I liked Footlocker so much. Cause I said, you know, this is a, you know, stay at home and a reopening play. In my opinion, you're always going to have to buy shoes, regardless if you're doing yard work or going to work, or now kids are going back to school. If we all get, you know, we have this hyper vaccination and.

Feels like we're good. Herd immunity goes in effect and everyone's back out, hanging out doing other things. Well, it's kind of already happening in my opinion. I don't see a big difference in my life. Um, as of right now. And I don't think that our children are going to get forced to be stayed at staying at home again.

Um, just because of the fact that they were just so far behind the kids coming back to school, that we're staying home. So I, I think that, um, these plays are going to be more and more on my radar, you know, looking into like, what do we need necessity wise every day? What are our children using? Like what, where are we spending our money?

Now I know where we were spending it a year ago. I know that a lot of people were hoarding their money. They were, um, going out to the grocery store, thinking that we were going to have the last steak you ever had in your life. And you know, that that's where people were worried about. Now, things are going back to normal.

Um, I think there was a lot of profit taking in the stock market and there's a lot of people that woke up and look at that, did what you did. And hadn't looked at their stocks in 10 years and took profit. And, but I also think, you know, my grandfather was one of them where he sold a lot during the pandemic and never Reebok.

And, you know, he's regretting it. Yes, yes, yes. That is like a great fear that I have, um, is for people get raked over the coals, lose their shirt, set. Which was okay, and then never buy back in. That's why we talk about diversifying all the time. I feel terrible for the people that sold in 2001, 2002 or 2008, 2009.

And they missed the best decade that we've ever had for stocks. Um, I hope that we, that that is a, an overarching lesson here is, is, is, is generally speaking. The stock market does go higher. And the saddest part is, as he said, every time there's been like, oh, 9 0 8. He was like, you know, I always bought more.

And he said, this time, he's like, I just didn't buy the dip. And I'm like, man, I'm like grandpa and your lifetime. You've only seen a few of these. And if you have that big money there, you got your 60 years of retirement from GE. You've got, you know, unfortunately that's the company he had to retire from because they did not take care of their employees with their stock.

But, um, at the end of the day, you know, he had a good chunk of money there and he's like, you know, he had AMD, you know, in the teens and, you know, still sold for a profit. But I mean, he's looking at it going over a hundred and he's pulling his hair out, you know? Right. Yeah. Hey, I've got a family friend that retired February of last year and or January of last year.

And then I, I felt like so bad for the guy just watched a quarter of his portfolio, go up and smoke. Now w when, when he needs it right now, he's retired. He needs to live off his investments and he just lost a quarter of it in like a month. And then it came right back. But we had no way of knowing that was gonna happen.

Um, and, and, and, and, you know, people like that, you know, people need the money. Yeah. Please stay invested, please. Shelly said, I always snack on power hour. Y'all need to get snack sponsors. So read it. He hit us up. We can do, we can do that. Um, you know, we can get, you know, I hear a body armor, uh, is, is big right now.

It's got, uh, a lot of money from Cokes. Maybe we get, uh, uh, uh, body armor. W we, we can get some, maybe try Celsius speaking. We can try some stuff. We can try some stuff. We can try to get some snacks sponsors. Um, I I'm this show, Hey, let's hear some questions from the chat. A few people were asking, let me go scroll up here.

Cause I, I lost it now. But if people were asking about, um, here's another one, just like the, the sunlight thing is BBB. I G I mean, it's the same, it's the same story, right? It's sorta, it's basically the same chart. Um, this doc is complimented. We've been on the show. They've been on the channel. Um, I don't, I don't quite understand it.

Um, but it's got this following for whatever reason. Um, Uh, if anyone wants to explain to me why certain stocks have this following and certain stocks don't I would love to hear it, but, um, it's got, it's got this cult, like following behind it and, and I'm in the chart, you know, it looks the same and that it's well Alphatize so I know, I know that Zack Morris was big on it.

I don't know if he's still is. And maybe that's part of the problem here. Favorite pain in the butt. The show saved by the bell, the principles, sorry. I'm showing my age. I'll be 36. I have a great, I have a great Mr. Dotting impression actually do it. It's a it off the screen. ASCO. It's Hey, Hey. Hey, what is going on here?

Is that good? I like that. Thank you. It's fun side, everybody. You guys look at this, see this.

Um, so, you know, look at this one. I mean, if I'm just, I always pull up things, technically, I don't know anything about the company. I know it was all over the, um, the radar for, you know, style. I like to look in the morning and I even put in the chat a lot. Pre-market gainers, pre-market losers. This one was on the board, like every day for like a month.

Um, but you can see that a significantly. Fallen off here. And at this point, I think it's at a crucial, crucial level that says, okay, I'm going to come back and give somebody a few bucks back and get you back to 5 84. If you're holding on to this thing, 5 84 of you at a level that I'd be five 50 probably would be like, Hey, I'm outta here.

I got some bind more. Now, if I really want to hold onto it with a really tight stop-loss right here. And then you're hoping for yourself to get a 50% retracement on this previous move here. That'll probably consolidate in a lane right in this area. And then it'll probably open up and break out for about 20 minutes of the day while you're sitting at work and not paying attention.

And then you're gonna be like, man, I could've sold at six bucks and got two bucks back or five bucks and got a dollar back. But, um, this is where you set your trading plan and you can set it just like this and say, okay, I want to get out and you can have multiple targets. You could say, I want to get out.

So I'm here, here, here, and you can set those and just walk away from it kind of thing. In my opinion, on this one, if you really involved in it. But if not, you put an order right here and let them fill you one day. If you get lucky on a bad, bad day and they drop 50%. Cause that's about the only thing I can see on this one.

Oh, who was it? Who was this in the chat just now? Uh, I want to call them the so one is, is doing some arbitrage here on ticker, F a T fat brands. Oh, I just lost the comment and the check. Where was it? Uh, fat and yeah, ask WW 1 6, 0 3, 3 is arguing fat and fat BB right now. Um, I don't quite know what's going on here.

I know they're both low floaters, not very liquid. Um, but they're both spiking right now. Um, so what, uh, I know that I think they report tonight. I think fat reports earnings tonight and now tomorrow, sorry, tomorrow after the close. Um, what does that brands do? Well, I don't have to know. I can just look at the Benzinga pro uh, they are a restaurant.

Oh yeah. I think I knew that. Yeah, they don't, um, they own let's see they, oh, they own Johnny rockets. They own fat burger. They own elevation burger, uh, hurricane grill and wings, Bonanza steak houses. I've never heard of any of these. I've just heard of junk Johnny rockets, but, um, yeah, restaurant stock spiking right now.

And when I see restaurants, I always go to this one, DRI uh, Darden, cause it's a, they own a lot of restaurants that I'm actually familiar with in my area, in the Midwest. And, um, I've actually been watching this one because they've been kind of consolidating in this range and I've, I've been watching them.

To dip all the way back down to a hundred is what I've been watching. But, um, you said fat, let me that one's rip and it's not affecting them at all. So yeah. Fat and fat is the act is the liquid one. FAA TBB is not liquid for Jack. And I think it's just moving the market dynamics here. I mean, it's got a float of half a million shares, so it's not, they said you had me at Johnny rockets.

I've never even been to a Johnny rockets. I've been in one in 15 years. What are the, is it like a sub place or something? Fifties, fifties diner, uh, highway 55 kind of place. Um, so 8 54 to 1259. You're hanging out right in that area where it's like, okay, you got people buying and selling right now. So, um, let me go to the smaller timeframe just to see if I oh, wow.

I don't see, I don't want anything that looks like this on a trading. When I'm trading on a smaller level. I just don't like it. It looks like a bunch of blue to me. Uh, what about here? The here's one I'm not familiar with. Uh, Azule different. Daniel Ryan ticker, a Z U L. I'll bring your comment. I bought it yesterday.

Now they want to buy bankrupt airline. Oh, those are diamond dozen, um, a Z U L up four and a half percent today. And Daniel Ryan is long from I'm assuming somewhere in the third. Me, I'm taking profit in and maybe looking to re-enter if you really like it right around this area, 1444. That's just how I would trade it.

Um, I'd look for it to try to come back down and retest this low. And if it doesn't retest, it will probably at least hit this 1440 level. And I'd like to reenter around there and then have stop-loss below this. If I'm, if I'm getting in here, I'm out. Once it breaks past this previous screen candle salt, I'll tighten this up on a 15 minute.

If you're trading this, you know, now like a now trade, then if I'm looking at like this, okay, we, we get a nice run. That's what I'm paying attention to the stock. It starts to not make any more new highs and then it flushes down. And when it gives you this back right here, that's where I'm out at the end, my opinion.

And then if it comes back here and retest this area and then starts to come back up, then you in this channel here, then that's when you're like, okay, I can go back long. And again, cause I'm a really, I like to take my risk off instantly as soon as I feel. And I'm a feeling person, I like to watch the, the trade and I see it.

And I'm just, you know, looking at it the way that the price action is moving. And once I start breaking back down, I don't want to be the guy that's catching up, trying to catch the full on knife. Once it breaks past this 1388 low and continues back to right where I got in to get, I don't want to lose all my profit, but some people would say, okay, I'm in here.

And then you're, you're looking for a price, maybe a price target of 15. Well, if you just set it, then you're going to hit it. But me, if I'm watching. Then I would have already been out on, on this play, honestly. And I probably would've maybe re-entered if I was really long, uh, once it, once it didn't make that new low, and then now you're just kind of hanging out with a lot of profits.

So it's just, it's kind of, I don't know. It's up to you on your what's your trading, um, risk reward is, uh, I'm just keeping an eye on the spy here and we are just so quiet. So happening into the, into the fed announcement nothing's happening. It is so quiet out there in the broad overall market. As we wait on whatever the feds are gonna say, two o'clock here.

Uh, okay. Let's do some more from the chat here. Jar jar particulars in here's one tattooed chef TTC F this one comes across my radar every couple of days. It seems like somebody asks about this. I'll tell you what I really, uh, I've been seeing more and more of these types of products in the stores, but they're not tattooed chef brand.

I see every other brand. Maybe it's just a store that I shop that are like, like beyond meat. Uh, okay. Yeah. I'm a go to the butcher kind of guy. Yeah, yeah, yeah. Oh yeah. I like the fresh meats. Yeah. Um, So I like to go to the daily, I'm going to break it just to put up some levels that I have there, just to kind of give me a reference.

Once I get to the smaller levels and see where I've missed out on a, on a place. See, I kind of was a little off on that, but it looks like,

looks like this area right in here is where the buyers are coming in, getting you some, some love in this $18 range and you see it. Just blast it all from there already. So me, I feel like I've already missed out on this trade if it's just a trade, but for long-term wise, you'd want to come back out here and see where your, your next hot.

Yes. I mean, it made a higher high, but it also made a lower low on this move. I get, I mean, unless you can, I mean, it broke past this one, but I guess it's kind of a double bottom, but this looks at me like it might want to take off again, up into 20 $20. We haven't seen 20 on that and a long time. Yeah. Let me call my daily here.

Yeah, it went to 20 since, uh, September. No, yes. It's really got to hang out and hold this this $18 range. If it can hold and stay above 1867, right where it's like in this area right now, if it could just stay here and close, open up tomorrow closer to 19, I think that you might get that nice little run up to 20, but it might be really short.

All right. Uh, people are worried about maybe they're thinking Christmas that people are buying this stuff for Christmas. Yeah. Uh, okay. Treasured. No, not treasured. Sorry. Uh, who asked Sean asked about a stock, but has, is not trading like LRN T as like no trade. So I don't really think we can look at that.

Um, what about Kroger's someone said, yeah, I saw Kroger. What's it doing today? I haven't looked at Kroger since the open. How are we doing since blew up today for Kroger anyway, 42. Yeah, this is ridiculous. This is because of the bed bath and beyond thing. This is so dumb. Everybody's buying Campbell soup.

This is so dumb. Oh, sorry, Sean. Uh, all right, well, we'll get to that one second. Um, yeah, this cable, this Kroger thing is so dumb. Well, you see your double bottom and then you see your, where they sold it off from this top of your, I mean, you're looking at it almost exactly. A 50% retracement if you see that there.

Yeah. And I go over, I know you said pricing. We do this a lot where I show the top, I show a bottom and then it's like, right. When we're talking about it, it's always hanging out right here. And that 50% rate that's well, that's when it gets on everyone's radar. Yeah. This is, this move is probably short-lived on the floor yet.

Yes. I don't have a crystal ball, but, but I mean, Uh, cause I, I try to think about like the, the characteristics of the types of companies that, that capture the attention game stop. Right? Traditional video game mall, retailer, AMC, traditional movie theater, right? Alias traditional, uh, car rentals, Kroger, Kroger sorta fits that, but it's also like a, it's just a grocery store.

It's like, there's nothing existential. There's no existential threats to their business. They're there there's no, this is not a rally behind Kroger type of situation. Um, this is still going to be short-lived. I think I, I, I would not buy it up at 40 to 50. Absolutely not. Um, if it were me. Okay. The one from Sean was, uh, iron net.

I R N T. Oh, I like this one, um, as just a point of talking point, because this thing was along the lines of greed, Grae, if you saw that, this is like in that same moment. Yeah. And this is just what happens, you know, people who come in, in their wake up in the morning and they're like, you know what, this thing's on the radar, it's up $40.

And then it pulls back and they're like, oh, okay, I'm going to try to get in and take a shot. And then it just looks like shot, shot, shot. And it just goes down and down and down. That's when they're going, Hey, what about this stock? Now? If you're just now first person ever look at it and you're like, okay, this is what I want to look at.

What's going on. Right. Then it looks like it's trying to pull back and give you, it's trying to say we're a little oversold down here at 11 bucks, 10 bucks, but they're not at the go in and look at the fundamentals, see what this company is doing. Um, I think they're a web protection type of company. Like, uh, I don't, I don't know exactly what it reminds me of iron dome.

That's all in your new, the iron Jomon. Israel is where I think of what way when I hear this company, but I mean, you got to support me out in 78, 11 65 right now, occurrence of word that $10 is your downside. Yeah. And the chat is right. It's it's other grocery stores too. It's not as Kroger, but, um, yeah.

Anyway, irony that I, that is interesting. Cause it, it, um, it is like a, it does have a lot of retail interests, but, um, I actually, I don't know, really know how I was going to, I was, I was going to say the chart doesn't act like it. So is there a big money out there? Here's my conspiracy theories. They're big money or they're hedge funds and algorithms that are saying, okay, we're going to take all the top stocks on wall street, bats, retail trading platforms.

And we're going to short them because it seems like a lot of these stocks, as soon as it goes on that list, it goes way down what, maybe it's a kind of stock that gets on that list in the first place. It makes it easy for them to make that. No, no, no. I'm saying maybe the kinds of stocks that are on that list are just shitty stocks to begin with and are just getting in the pump and undeserved pump, right?

Um, yes. Undeserved pumps are maybe, is there an, an, uh, an undeserved pump algorithm? I need to know where that one is because someone needs to build that for us. Yeah. I mean, yeah. We need stocks that have, and people on discord when people on discord and Twitter, probably a bad PE scanner with, uh, bashed fundamentals.

Um, and you know, , I'm old school, old school business model, like car rentals and movie theaters or video games, uh, stories. And, um, yes, it's great. Paul stocks. So we got to, okay. Grandpa, what did you invest in 50 years ago? I'm going to write that down. And those are the ones that are winning right now. Yeah.

Yeah. Honestly, PG Procter gamble. That's the one that was on the list for when I was a kid. That's what I knew of banks. I mean, PG doesn't look too bad. What's another one, a vac. How does the IBM doing grandpa's stock? It was IBM. Not good. It's holding that 1 26 level 1 24, but not yet. And yet it's not doing good.

Maybe it could, this could be one that gets on the meme stocks into here. And if it sits down here too, Yeah, there are some retail, the Jan Macy's and Maine and new high again. I mean, he's a monster dealer is, is a low floater. So that's sort of, uh, you know, the chat is pulling out the nostalgist stocks right now.

They like this one, like this such. Yeah. And Ron might actually, I don't know. I don't know this for sure. But Enron might actually still technically have a ticker. What others say? What is it in Ron stickers? It would be, it would be on like the gray market, which is like totally unregulated, like ghost shell companies that only exist on paper, wild, wild west trading that you can't even trade.

You can't even get a quote or buy them. Um, but these things that, um, when he tell us, I knew it was a, a hedge fund manager. I wrote a post a few years ago about, uh, he was, he was short leaning brothers and he didn't, he didn't cover his short for like eight years, like long after the takeover by Jay, I think it was JP Morgan.

Right. Or that may have embarrassed her. And I don't remember who, but w w Lehman went under and this guy was short for years and didn't cover for a years and wrote about like, I don't know why you just didn't wrote about like what a pain in the ass. It was for him to like, cover a short, like six years after the fact.

Uh, so you can have some of these things. You can still. Find, uh, a ticker though. They may not quote publicly or really even trade, but, but if you, you know, have certain tools at your disposal or institution, maybe can do that. But, um, Rite aid, uh, di wants no Rite aid. Yeah. Uh, to go on, I saw somebody mentioned a charge point earlier cause in tight Bri um, Microsoft does not count, unfortunately, because Microsoft is, uh, is own owns the cloud.

Right. So I wouldn't call that a payload. It's like a pharmacy play, I guess like the animal Piggly wiggly reference hacks, really appalling that one D going deep into Johnny's toys or you go in there turned into the, well for that one. Uh here's here's one. I don't, I don't know if I know, just throw it out there.

I did have a line that I guess I've drawn at some point when someone asks me about Rite aid at $15 and 8 cents. And it's literally like right there today. So I don't know. That's kind of weird. And I looked at the stock from overall. It's just been nothing but a bad investment. Um, but this thing was, uh, I mean, there must've been some crazy splits or something, but it was $200 stock.

And $900 at one point. What about she goes, this is when CHS let's pull that one up CHS from, let me just drop that on there from Brad. Got it. 5 99, 5 99 is less than a combo meal. McDonald's anything else I'm like, I'm looking at your CHS. What do they do? Chico's shoes, right? Excuse. Never heard of them.

Well, on this chart, it looks like your bottom and you've got, you've got a double bottom happening on a monthly chart. I mean, it just had a rarely, really old, uh, low all the way from 2013. I can't see. Cause my computer's in way, but let's see. And then bounced off. So, um,

it's, it's like my Footlocker play, I guess if it's a shoe company, I mean, I don't know much about them. I have to research you just, you just filled a huge gap. That was just a blood bath that happened to some people from $6 down to 4, 4 84. So anybody that was in the stock right here is really happy right now taking their profit off.

So you have a hard range to get through. You'd have to bust through that six 50 to try to get anywhere higher. So you have to come back to this old previous, double top here. I'd say that you're you're on your way to six 50 to try it out is what they're doing. Speaking of a grandpa company's Mattel. Yeah.

It's like another good one. I tried your way, this, uh, like a year ago and I got smacked. Um, this one, this one took me out. Uh, I definitely hit my stop loss on this one, but, um, yeah, it's nothing but gone down since then. Has it? Yeah, well, yeah, I think I was up here in the 22, 20 threes in this area and I was doing really well with it and then it just came right back and I got out probably with just a little bit of a loss there.

I like to, I like to set my, um, stuff, like once I'm in the prophet, like in this area here, I would say, okay, I'm just going to take my, put my stop at break even is usually where or a little above just to say, okay, I did, I still made a little bit, but, um, man, this one was coming back. 50% retracement. Look, there's your top.

Here's your bottom from that huge move down. It broke down from this tough to here. It came, it came back and broke out this range at the 19 you're at $21 hanging out there. People are getting excited for maybe a little Christmas run possibly, but I don't know. I, my kids, I have two, three and 11 or 12 and.

I don't think we have anything Mattel in our house at this point, you have nothing physical. It's all digital device. Yeah. Yeah. Um, learning devices. Yeah. I mean, that's where the crazy, the kids' toys, they either get broken, lost, or the dog eats them. So it's good. Plays a GI Joes anymore. Heck I didn't do that when I was okay.

That's not true. I did a, yeah. Every kid had to DEI Joe's in the backyard. Yeah. Can we look at a road? Can we look at Roku? I want you to talk to a broker because they report earnings tonight. They're in there, they're stuck in this, in this battle with Google, um, over, uh, over YouTube in terms of getting YouTube and YouTube TV on the Roku platform.

And I don't think it resolved yet. Uh, the bar is all feel low for them, uh, based on what Netflix said, based on what, what Comcast said and, and, and, and, and what, and what Disney said. Um, but, uh, wait, Disney, didn't actually wait to Disney report yet. I mean, I may have made that up GV, if that matters. I've got one too that I hardly use, but the bar is so low for Roku into this report.

It's stock's been so punished. What do you see here? I see you have. Big drop-off down to two 80 and two 60 is the big levels I see to the downside. If you're looking for an upside play, you might get back to three 20 with a, it's going to take a minute. But, uh, I mean this one, it just depends. If they blow it away somehow on earnings, then you've got, I mean, you've got a decent play here for anyone that's looking at a technical standpoint.

Um, I think, let me just put it, I always gotta put it on here and see if it fits. It was make it too big. There we go. So if I'm correct on the downside, you've got

this big move all the way down there. So you pull this up. Yeah. I mean, depends on what your, your risk, if you come down here and you, and you say, okay, I'm gonna really put on, you know, five to six point risk, then nine, nine points to the upside. Don't try to get all of that three 20, try to get yourself, you know, even, maybe even just the target of maybe an equal one-to-one, you know, um, dropped us down to 300 five-ish but this is scary to me.

This looks like it could come all the way back down to here. So that's how I see it. So if this is a short position, Definitely I'm show you that real fast. This is kind of where if I don't like it on a long, then looking at it, look at it as if you were wanting to short this and where would, what, what looks clearer?

What looks like it could happen more than the other. And to me, it looks like, at least come back and try to test this. And if it breaks down to the lower side, so you'd want to get in. Once it broke past this low, you wouldn't want to jump in right now. You'd want to wait for it to, I was pointed at the screen.

I was pulled a joke on it. Oh my goodness. All right, don't go there, man. I hope you're not watching this joke. Um, but now it's 3 0 8 to 303 for the, you know, that'd be your target for, for that one. So I look, I'm, I'm looking at this. I would rather just stay away from it and this is what I would, what I let the news come out.

Let's see what it does. TJ. TJ is, uh, is, is, is thinking a thought that we've all. At one point or another in our investing in trading wives, which is a Yankee bar, this dip. Yeah. And then it just tedious thinking that in, in, in ATV, I, man, I spent, I spent all of 20 17, 20 16, even part of 2018, uh, calling bottoms and stocks.

I called the bottom and UnderArmor wrong, GE, wrong. Kraft-Heinz wrong? Who else did I call the bottom? And then I was wrong and I'm sure there was a half dozen others. I, I was wrong. And basically all, I think one of them, I got, I got it. Right. But, uh, yeah, so I, I have an Activision trader, a lover video game guy, and this is, this is something I've already, this is a trade that you can see that I did back in.

Um, what is that like 2016. So this is literally started in 2016 as well, because this is how I can remember when I traded and we can go back and we're doing lessons and things like that. So I got in right here and then I, you have your line when you get out. And this is when you got out, right? This is when, when it broke through.

That's when we got out and I haven't looked back since to be honest, I have not. I just, I let, I let it go. And August of 2019, and it looks like, or sorry, um, February of 2019, um, there, like before that big tip, I think, so the reason why I did is because I felt like. Uh, my generation, the nineties, the eighties guys, we, we got married and were no longer allowed to play video games every day.

And we didn't buy the newest Madden anymore. We're not buying the newest call of duty anymore. We're waiting for a year for it to go by, or we're getting it for a birthday or Christmas for our kids so that we can play with it, play the game. So it's um, to me, it just seems like, especially with Facebook and metaverse and all this talk to me, I think that's another bad thing for Activision, unless they somehow get tied into that con that conversation.

But traditional gaming is going away. I think we're, we're looking for a more heightened experience and I was just, that's where it kind of where I'm going with it. And I think that, yeah, I hear ya. I hear you. I think, I think you're probably not wrong then. There's also the school of thought that, well, I mean, they still have huge franchises.

They still have call of duty. I mean, at one point, do you say enough is enough here? Um, you know, just talking about a stock that was a hundred dollars in February and we're now we're 65. Um, so always see if you, if you go back far enough, you look at Activision, it's very cyclical, right? It's in favor. It's out of favor.

It's in favor and out of favor. So, you know, we're a long ways away from those loads. Is where you wanted to get it, I guess is what they're saying. So 70 was the key. Now you're at the point where they've already, they've already made a bottom for you here. So this, this might be a good, um, a good call. If you let the dust settle for a day, I wouldn't go in buying today, but maybe, uh, end of day tomorrow, if you, if you guys can stomach the pain of waiting and maybe losing out on a point or two, um, but this could be something that maybe you just wait, you just wait for the dust to settle a little bit after today.

That was a big, that was a big drop today. So would you like one more here, one or two more? The chemo had Sava. There was a news short report out this morning on SAV from, or from, I don't know, quintessential capital. It just is the company with the Alzheimer's drug and the questionable data, um, around that.

And I have not heard an update about that data and who was out that I had Sava S a V a. I was all over the chat for awhile. I traded Saba a little bit. I think I, I traded this on, I like in a pre-market session and then it was out before nine 30, but, um, didn't this have like a split of some sort or something like that.

Oh, it wasn't a split is they, they came out with some data, uh, for their Alzheimer's drug that, and then the data got caught at the question. And then I was like, wait a minute. How good is your data? Really? They had a short report that came out. Oh, okay. There's more, there may have been at least one more.

Yeah. I thought that was one. And then that's when this happened, but, um, let's see.

40 to 50 is way down there. So you've got 51 59, 51 50 in this area right here is your, is your downside risk. And then your upside is whatever you think it might go from this last move from 62. So probably right here at 56 58, this might be a couple bucks you might get out of it. But short report wise, if you're in my opinion, you're looking to short this thing overnight, maybe in, and get a day to, um, reaction to this.

So, all right. Kind of the, um, the triple D play where he's like, you know, there's kind of just like we were saying before, maybe not by the first day, wait for it to settle for a day or two and then take your position. But this is the one, when you're on the downside, you get a bad report or you get some bad news, they get hit really fast.

And then you find out where they're going to get to consolidate where people feel safe, possibly shorting them again. That's, they're usually doing on a better port. Um, and then it takes some profit in the pre-market if they get a dip in the morning. All right, Jesse Kaler, uh, the link to his site is in the description and, uh, he joins us every Wednesday when we have normal programming to hang out.

The fed minutes.

hold on tight, hold on to each other. We're back to get some tapering. We think I'm not quite sure. Maybe, I don't know, $50 steaks at the local groceries. It could happen if we don't start tapering or if we do start, I don't even know. So we'll find that in a minute and change Jesse, a pleasure as always hang out, uh, CDC back on next week.

Right. See you guys. All right. Uh, all right. Uh, so I, I do want to wrap the show up cause I ordered the R R R a F T show is on next, the roadmap. I want to get to that. Cause those guys are on fire right now. Um, but maybe we'll just hang out until like 2 0 1 AB just to get like the new, just to, just to be here.

And I'm going to pull up a chart of the spy and I'm going to pull up a one minute chart while I do that. Can you get in your pro for a minute here? And let's just see what's what I'm trying to do. One better and try to find just a stream that we can pull up on the, on the show real quick. Yeah, you can do that.

Just go to YouTube. Search, uh, FMC or federal reserve. When are we tapering? We know interest rates are going to stay at zero. We, that's not what we care about. Um, the dot plot is interesting, right? The dot potty is just the fed governors expectations of when, uh, uh, when they could start raising rates. But, uh, um, let's see.

Let's watch that. Oh, oh, we're moving now. It's it's uh, the conference isn't until two 30. Well, that's the press conference, but, but the F the announcement should be out right now. Yes. The leave rates unchanged. We know this, but we know this. What do they say about the taper? What do they say about the taper?

Let's go quickly. Oh, here we go. I got someone streaming it streaming know that the stream right now is just go to a newsfeed. Boom. Here's the statement. Okay. I will bring this up on the screen. I know I do that. Stop share, share screen. I see us going on a testing. I'm. Hi. We are jumping around here. It looks like dude.

Come on. Don't do that. Take it off. Cause I often hear about it later. I'll have to hear about that later. Uh, okay. Here is the statement it's up on the screen, but a being.

And spies going up,

unchanged know, screw it. Control F Nope. That didn't work. No, it didn't work either. Uh, this is nothing. It didn't say. Ah, okay. I don't even know what that says. I didn't say anything about the taper, how we're doing on the charts. Was this by doing anything good? Yeah. Spy. It's spiked up a little bit. I'm seeing tapering starting November with monthly reductions of 15 billion prepared to adjust, taper pace as warrants.

Uh, I'm seeing 10 to, yeah. Okay. So yeah, they're cutting their treasury approaches by 10 billion a month or cutting their mortgage back security, uh, purchased by $5, $5 million per month. So yeah, there's that 15 billion hours. Okay. Tapering starting a November. Accelerating ane December. All right. We've been talking about this thing off fricking summer all spring all year.

It's nice to at least. Start, and then we'll go from there. So, all right. All right. The roadmap, our NFT show is live right now. That was fun. Thanks to all of our guests today. All like six of them. Yeah. We had a pack show Spencer, and if you haven't already please smash the, like, we're doing our best to bring you guys to this content free of charge.

Um, hanging out with us every day as we break down the latest in financial markets and any news that could be, you know, impacting your stocks really. So come hang out with us, smash the like, um, and yeah, without further ado, let's go ahead and get over to the roadmap. 

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