Stocks with Josh · Transcript · · Updated
Buying HEAVY! 🚨These Stocks NOW 🚀 – Transcript
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- The speaker notes that Wall Street is currently in a high risk environment and under the control of bears while awaiting upcoming earnings and the Fed's decision.
- The speaker and Money Mike discuss Elon's Roadster, its tech, and how it gives credibility to Optimus and SpaceX.
- The speaker expresses interest in buying Rocket Labs stock during the current market pullback.
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I see a lot of opportunity on Wall Street right now, but I think there's fear right now. Market is pulled back a lot of highquality companies to critical support and they're waiting. They're waiting on the Fed's decision right around the corner as well as the fact that we are pushing now into a new set of earnings. This is what's going to push the market. And so, I think we're going to see a lot of volatility. And we've got a lot of big tech companies that are still at the top of their range. But I believe that there's more
risk right now on the bulls in regards to that. And we're seeing companies like Micron not holding that critical level of support. Now, this is early. The day has not ended, but unfortunately on Micron, we're beneath $900. And in that environment, until we get back above 937, we're in the hands of the bears.
So, Wall Street has been turned over to the bears. They're in charge right now. And uh we're going to need to wait probably till the end of next week before the bulls attempt to put up any kind of fight to see whether or not the market can turn back the other way. So we are in an high-risk environment. And this morning I loved how we did our live trade session, my live trade session. I went in, we only had wins, only called
out wins with big numbers, 60%, 50%, 40%, a couple that went up a 100% because we were being ultra cautious. We took Microsoft to the upside for a brief period of time and we didn't overstay our welcome. We locked that money in and then we started taking stocks to the downside and then when we were when our bags were full, we called it quits. Even though there was a lot of money to be made, still we we got we pumped our
brakes and we took our money home with us. So, I'm going to take a minute here. I want to share with you guys first. Welcome to Wall Street. This is the Stocks with Josh show. Um, hit that like and subscribe to make sure you get the next video. Uh, and I'm going to share with you a reaction between Mike Money Mike, who's one of my crown traders, and myself discussing uh, Elon's Roadster, the release of that, as well as a couple
stocks that we really like right now. Those are right near the end of the video. But take a minute and watch this. >> He just make and like, is it practical? No, I don't know that it'll be allowed on the road in that form. like but you know he create that they've created suction on the bottom of that car.
>> Mhm. >> That could be a technology to go into all vehic cuz like you think about how many people wreck going around a curve where that would hold your car down to the road. They I mean when he went upside down and and stayed there that car was just sucking to the road.
This is insane. >> Well, insane. >> So, what I found interesting is is what I'm really beginning to imagine is how FSD, full service driving, can take advantage of the tech in that vehicle. I mean, they had a a shot where it was heading towards some other vehicles and then it did like a blowback and twist off >> and you know,
>> it might I don't know the future, you know, his he's pushing that safety and uh that's a pretty good position to sell. You know, do you know how many deaths occur in American highways? We're talking millions.
>> Millions of people die every single year. And uh this guy's now put out a tech that that car was dancing. It was dancing like an Optimus robot for us.
>> Yep. Yep. Insane. whether it's suction or jets and you know and and I I started to believe him. He said in his uh presentation that those would be in production in 2028. And it was funny the way he said it. He said for real, you know, he kind of made this comment like, >> "Yeah, >> for real."
>> But this time, this time I'm really going to make this car in 2028. And I was like, I bought him. No, that that was crazy exciting. And you know what else it did?
It gave credibility to Optimus. >> So it did. You know, >> you know, because we just saw him make a car dance and spin and run upside down like a Hot Wheels. Uh >> Yeah. Like something a kid does in his in his room on a Hot Wheels track, man.
>> Yep. And and I'm starting to think, wait a minute, if this guy can make a car go upside down, >> spin 360s, and land, and nobody got killed, >> nobody got hurt, nobody.
>> Maybe he put an Optimus robot in every single home in America. He keeps saying, and I'm starting to believe him more and more, he said, "This is going to be the world's biggest product." >> I could believe it. I could believe it.
My mind was blown. It's still blown. Like I It's like you don't realize what you've >> witnessed just now. >> That's the way it was. >> That was insane. Yeah. >> I kept watching it over and over and over again because I couldn't I couldn't believe it. Like I was It was surreal. I was watching it trying to figure out am I is this real life? Am I seeing what is what is this? Is this mirror smoking mirrors? What's all this >> white fog? Did they Did they take the
crashed version and flip it, you know, in the ground? I'm like I was really trying to like struggle to believe what I was actually seeing. >> Really trying to discount it. Yeah. Yeah. Yeah. No, it was I think it was real, man.
>> That was that was a that was something. I mean, that was Marty McFly stuff, man. That was Back to the Future. >> That was, you know, Elon is in his own uh league as far as uh like billionaires playing with billions and trillions of dollars, coming up with imaginative stuff. It it it his whole thing just barely seems believable to me, >> you know, but >> he he's really he's Tony Stark in the
flesh, man. For real. He he's Iron Man. >> Yeah. And the other thing is that this um I also noticed that as Wall Street was bearish on Coreweave today because of the risk of their debt. They were excited about Starlink and SpaceX.
Oh yeah. >> They don't know whether this is the uh the bottom. They don't know what's going to happen. They don't know how profitable uh SpaceX is going to be. But in their mind, >> you know, they were like, "You were late on everything else. You're late on everything else, but we're still early on SpaceX." And so, yeah, um >> you know, obviously it's coming back. is giving people a new opportunity to
potentially uh you know buy at a little bit of a lower price. I'm a technical trader, Mike, but I do like to look at sentiment because you can't fight the sentiment of smart money. >> If [snorts] smart money can't >> No, if they're against it, >> they're behind it.
>> Yeah. We're just trying to glean off of them, you know, like in the in the, you know, the the wilds, we're like just trying to get a piece of something >> after the lions get their share. We're trying to sneak >> the breadcrumbs.
>> Yeah. Grab the breadcrumbs, man. Um, and it seems like they they think we're they think that retail and the public is extremely late on pretty much the Mac 7, >> but potentially early on SpaceX.
>> On SpaceX. Yep. Yep. I agree. I agree. What I don't I don't think there are any limitations to what that dude is capable of doing. I just don't >> Yeah. And if instead of buying instead of buying >> SpaceX, I want to be a SpaceX investor.
I just wanna I also think that Rocket Labs is at a ridiculous price today. >> It's at a discount, dude. It's at a >> discount discount, you know, and I think this is a company. It's a $100 stock trading at 50 bucks.
>> Yep. >> Yep. I've been watching it quite heavy. SpaceX is going to lead this sector, but you know, I'm going to run up some I'm going to run up with some Rocket Labs at a huge discount right now. Uh, you know, I'm I'm liking that stock probably more than most other stocks right now on the pullback. What What are you What's your take on it?
>> I do, man. I liked it at 60. I was fine to buy it at 60 and I start and I started nibbling uh back in on RDW. That's a picks and shovels play. Yeah. Yeah. I started nibbling on that again.
It I mean it went par of course it's a small cap, but it went parabolic. Anytime when that sector hits fire again, it it supplies all the picks and shovels for everything in it. So, I think RDW is an easy play on it. I love Rocket Labs down there. I [snorts] loved it at 60. I mean, I'm happy to buy at 50.
There's a big pivot at 30. I don't know that they give that up, though. I don't know that you'll ever get 30 on Rocket Labs. >> No, I think that if you get it back under 50 bucks, um I think I'm going to be accumulating in that price range. Um it's a little bit way it's a little bit of a way to >> trade SpaceX success and the market focus from a perspective of a company that has a little bit more clear books.
I'm not suggesting they're going to be the leader. I'm just suggesting that their stock's going to be worth more than 50 bucks in 2027. >> Yep. Yep. Yep. >> All right, Mike. I recorded this last segment >> so I could post it as my video today.