Transcript was automatically generated.

0:00:01 – Frank Curzio

How’s is it going out there! It’s November 19th and I’m Frank Curzio. It’s the Wall Street Unplugged podcast podcast where I break down the headlines and tell you what’s really moving these markets. This is the Daniel Creech how you doing today.

0:00:14 – Daniel Creech

I’m well, sir. How are you Frank? How was Viva Las Vegas?

0:00:17 – Frank Curzio

It was actually. It was good, we had a good time. So I have my Adrenaline shirt on right, so it was good in terms of seeing their first show. Adrenaline has the first tricking league. These athletes are absolutely incredible guys. If you haven’t seen it, I have a massive YouTube presence. You know just social media impressions they had such.

It was at the Resorts World and just the broadcast was so amazing. They were streaming it live and you know it was a competition right, different divisions, they had belts, it was kind of like UFC style format and man, I didn’t realize how serious it was in terms of these athletes when they trick, they do karate and spins and stuff like that and being right there in the audience I didn’t realize how much in terms of stamina you need because they go the best of three, best the best of three, so two out of three, and even at the first round they’re exhausting. Yeah, you see how exhausted they are, but two people got hurt. One, his knee popped out. I couldn’t believe how serious it was. I know it was hardcore, man, it was really great and just listen, their first event went a little bit long. They’re going to tighten it up a little bit because, you know, two people got hurt and the finale, the GOAT in the industry and the whole entire tricking league. And there’s the GOAT and there’s a guy that’s very, very good it’s almost like the Larry Bird and Magic Johnson and one of them was hurt and got hurt a few weeks ago. So someone fell in for him, who wasn’t as good, who’s great. But this is like the premier event which I can’t wait to see those guys because they kind of hate each other. But they also have a 14-year-old girl who’s she’s the GOAT in terms of on the woman’s side and she’s absolutely incredible. She’s a cute little girl and amazing what she could do. She could do some of these tricks that are better than the men, but it was remarkable. But I have to tell you Vegas itself I don’t want to say Vegas is dead, but you could see why the traffic is down.

We stayed at Resorts World. I gambled a little bit. You couldn’t hit anything. They were taking everything from you. There was nobody that was hitting anywhere on the floor. If you’re looking at the food prices’s eight dollars a slice for pizza at least that pizza was pretty good there, because I’ve had it other places and they charge ten dollars a slice.

I had an omelet and this is kind of what pissed me off. I went down for breakfasting. I was like, you know, let me just get an omelet. And I said, what does it come with? And they said, you know, home fries and you get bread with it, whether it’s a bagel, whatever. I said okay, and you know home fries and you get bread with it, whether it’s a bagel, whatever. I said okay. And you know, when I got my bill, it was $50 and they charged individually for every single thing because of the cream cheese.

And the worst part is I’m a tea drinker. I know everyone’s going to make fun of me. That’s fine. I get it all the time From my mom, been drinking tea forever and you know, I don’t know which kind of teabag it was, but it was like I was drinking milk and water. So I asked them for the teabag. They’re like we’re going to have to charge you that, charge you for that. I was like for the extra teabag. I was like, okay, they charged me $5.50 for each teabag. Nice, so you’ll get a $50 breakfast with crappy tea with an almond. He’s like, oh, all this stuff comes with it and everything was separate. They gave me cream cheese. I don’t like cream cheese, I don’t eat cream cheese. They charged me for that.

To the bigger point here is the massive fees that are taking place and consumers just can’t afford them anymore. Where it’s not a good destination it used to be this destination where whatever happens in Vegas stays in Vegas. But you can get a lot of the services. Now you can gamble different places. I’m sure if you want to get a little crazy, you can get whatever you want there in other states as well and other cities. But I just feel like the traffic has been down so much. The fees that they charge you extra fees for the hotels, just fees on top of fees, where next thing you know you’re spending thousands and thousands of dollars. Now you’re comparing it to other places that you can go around the world and stuff. If you’re going to spend three, four, five grand at some place that used to cost half that, probably a couple of years ago and I’ve been going to Vegas every single year Consumer Electronics Show. I probably go to Vegas three times a year on average and it’s disappointing. It really is and you can see the traffic trends are down tremendously.

That’s a little disappointing, but the event was great. I’m wearing the adrenaline shirt. They had all this gear and stuff like that. They were giving out hats and really good merch and stuff. But, uh, you know, big success for those guys. I’m really happy and I’m glad a lot of my investors were actually made it because we’re funding this company and it got in a very low valuation.

And this is before they booked Resorts World. This is before they actually had the event. Now they have sponsorships, uh, and you know sponsorship, but also Cirque du Soleil has a tricking part which they partner with them right. This way, if they get people who are really good at tricking, they can go to Cirque du Soleil and stuff like that. So it was really, really cool. They flew in a lot of people from all over the world. I think she’s just started something big and I’m really proud of those guys. You know it was a lot of fun being there for the past few days. So thanks for asking, but it was cool and, of course, since I was gone, you don’t have to the markets, right?

0:05:05 – Daniel Creech

Yep, everything pulls back when you travel. Can’t go on vacation, Frank, no, no, or working vacation even.

0:05:11 – Frank Curzio

You know I want to talk about the pullback too, because you know I was getting these questions the week before we had our conference, our Curzio One Wealth Conference. People ask is AI pull back? Some names pull back sharply In terms of a bubble. I would say, okay, you have supply exceeding demand and it’s not. You still need demand, you still need these data centers. They’re all spending like crazy. But it’s not just technology. Small caps have pulled back considerably. I want to see.

I saw this chart, which I found very, very interesting. Let me see if I can bring it up real quick In terms of small caps and how much they just recently pulled back. And this is from Bank of America, like the show flow, the flow show, whatever it is. Every week it comes out with that right With the flows in and out of the markets. Obviously we’re seeing money come out of the markets past three weeks, tons of money coming into healthcare but when you look at small caps today and you see this chart, they’ve pulled back significantly to the point where they’re at a multi-decade low against large caps in terms of valuation. And this is, you know.

It’s pretty insane just to see how much small caps are pulling back. Usually, when you see a bull market and we’ve been in a bull market outside the past three weeks, right this raging bull market you usually see small caps outperform large caps all the time and on the way down, if it’s a bad market, you see small caps underperform because they’re more risky and the bigger companies have better balance sheets. They’re not significantly underperforming. I’m not telling you to buy the Russell 2000.

We say that a lot in small caps. There’s a lot of names that are just showing incredible value, that are growing, that are trading at significant discounts in the market. You’re going to find lots of hitting gems and we’ve been able to do that within our newsletter and find really big winners. Of course, they pull back along with the rest of the markets, but I was just surprised to see this chart of how much small caps have recently pulled back and you know you think it’s just large caps. It’s not A lot of areas within the market. You see lots of stocks down sharply right now and creating buying opportunities for some and others not the same right.

0:07:04 – Daniel Creech

Yep and the whole world rests on NVIDIA, which reports tonight Frank NVIDIA lays an egg. Everything’s over people. Even Elon Musk said if civilization extends or continues. So we got to worry about that too now.

0:07:16 – Frank Curzio

And we can get into NVIDIA. So NVIDIA right now they’re reporting Q3 earnings. After the close they’re expecting $55 billion in sales for the quarter, expected to raise guidance next quarter. $62 billion. That’s called the whisper number, meaning that if they don’t raise guidance more to $62 billion and they raise guidance for next quarter Q4, and they say it’s going to be at $60 billion, no matter what the numbers are, it’s $55 billion they’re expecting for Q3. If they go $60 billion in Q3 and only raise a 62, 63, maybe you’re probably going to see the stock get hit a little bit. I just want to put things in perspective for you. If they meet this number, it results in the company growing year over year 56% on the top line. I would say the average company’s maybe growing five, 6% on the top line, the S&P 500. Okay, and they’re trading at 22 times forward earnings. This is a company that’s trading at 31 times forward earnings. If you’re looking at the expectations here, looking at 13Fs, we’re going to get to 13Fs tomorrow.

But really quick, Daniel, you didn’t see anyone establishing a new position in NVIDIA or really adding to their position. I don’t think I saw any of those. Hedge funds are either holding their current position or they lightened up their position in NVIDIA. Some sold their position in NVIDIA, so some think it’s a top. That I think is a good sign in terms of if you think the stock’s going to go higher. But expectations are just so high because every single time N I saw this a great article saying how Nvidia has lagged other ai names like amd and broadcom, which amd is up 90 year to date. Broadcom is a 50 year to date. Nvidia is up 35 year to date. Guys, I mean target’s down 30 this year you look at totally dead. There’s a lot of stocks are down 20, 30, 40. They’re up 35 year to date and people are like it’s not good enough and I wonder when that’s going to change.

Now that you see money coming out of the hedge funds in NVIDIA, you’re seeing a little bit of a pullback, not a big pullback, a little bit of a pullback. For me, I think those expectations as they get a little bit lower, you’re going to see the chance for the stock to go a lot higher. I don’t know, Daniel, what do you think they could report today that would actually move the needle where the stocks would go considerably higher, like, say, you know, more than 5% higher after the bell, because everyone’s expecting these strong numbers, because you’re seeing all these deals being announced and every single deal within the AI space, every single one, every single one flows through NVIDIA just about right. So anyone announcing data center deals and we’re partnering with cloud and this and that and everything filters into more chips for Nvidia.

Maybe amd’s, you know, amd’s getting into that space, Broadcom as well, you know, but they’re late to the party and you’re looking at all these deals. It all has to filter back to Nvidia. So it’s interesting. Could they report anything that’s going to be a blowout number where people like that? That I guess the public or the consensus is not expecting it. Is that possible?

0:10:05 – Daniel Creech

No, I don’t think it’s possible to kind of blow out the number. I think you hit it on the head with it. All depends on the guidance and such, and I, Daniel Creech, don’t have a crystal ball. I don’t see how they don’t give market beating guidance to your point, just about how much above that bar and the pace of investments is not slowing down Today. I don’t know if you saw, but just before we started this, Elon Musk and Jensen were on the stage with the Saudi US Investment Forum and I apologize if I got that name wrong, but they announced more deals and new data centers and 500 gigawatts and all kinds of or megawatts, excuse me being built out. Did you see the news yesterday with Brookfield Asset Management $10 billion in more AI stuff. Nvidia $5 billion. Of that, Nvidia might do up to $10 billion in Anthropic, which is an AI service that you know.

Like I said, I don’t think it’s about the numbers, I think it’s about the guidance and really, more important than the guidance, Jensen, who is a fantastic salesman like Elon Musk and all the best he has to have his sales cap on, because what’s that silly song? The whole world in his hands. That’s Jensen right now with the market. For me, if they come out and lay an egg they being NVIDIA markets are going to tank. But I just don’t. If you’re betting on them to report bad numbers, I think that’s a real stretch.

I don’t see that. It’s just. Can he sell the idea that, hey, we’re still doing this? What’s the flywheel and you’ve commented on it getting so much attention lately about how vendor funding and everybody’s just kind of passing around the same dollar? I’m not that worried about it because, again, you don’t have weak balance sheet companies doing this. There’s a total difference in, you know, being leveraged to the hill and not having earnings and cash and all that kind of stuff and making investments versus having all that. So I think it’s really a sales job right here, and I think he knows that. We’ll see, but honestly, I hate to say this, I don’t think, then. I don’t think the numbers matter as much as the dream in my opinion.

0:11:59 – Frank Curzio

We’ll see. Yeah, no, it’s good because you can say the same thing about tesla, right? I mean, numbers are actually you’re looking at those sales numbers are actually, you know, coming down right for sales for EVs. But it’s it’s the future and that’s what he’s talking about. He has like this trillion dollar number right, this trillion dollar spending and and how it’s going to benefit that. I’m not worried about him not being optimistic or a salesman, because he’s the best in the world at it and he backs it up. Uh, I will say that you know when, when I’m looking at NVIDIA in the future, this company you’re going to see more and more growth.

But when you look at that circle and people have been posting how OpenAI is doing deals with Google Google would, in turn, do deals with I mean, you have the biggest hyperscalers almost partnering up with each other, and I think NVIDIA changed the landscape when they did that, Daniel, because you’re used to technology companies holding their IP. We don’t want to partner. And NVIDIA changed the landscape and that’s why they’re so big. That’s why they’re you can’t even put them in a semiconductor right index. It’s not even there’s no one even close to them right. And why is that? Because 10 years ago, they said look, instead of just providing hardware and selling to everyone, let’s partner and build these systems for them and then also work on the software side, where we capture all of their growth, as they’re building the foundation and they can’t change the foundation anymore. Right, it’s like you’re building a whole entire house and you want to use a new builder. You know it’s it’s not as easy, right, so it’s for people to start now. They could use competitors, but the biggest guys in the world what? What they? You see the partnerships, where he’s on stage with whether it’s ServiceNow, whether it’s Salesforcecom, whether it’s Elon Musk, whether it’s Nardella, from the CEO from Microsoft right, he’s just also the CEO from Amazon. Where now you’re seeing these companies that are putting out this circle. Well, why is OpenAI spending it? And they’re partnering with Google now instead of Microsoft, and it’s like this whole circle that comes around Everyone’s worried about that same dollar. It’s like this whole circle that comes around Everyone’s worried about that same dollar.

The thing is, these companies are realizing that, hey, yes, we have competitors or yes, we’re going to buy the cloud services, but we want to be part of the AI, we want to be part of the building process and it’s amazing to see how they’re partnering while they’re maintaining and that’s tricky. Let’s maintain right. We have to have our personality, our personal part of the company. This is what we do but also partnering with other companies to offer the services. This way, you don’t lose your customers and everything’s integrating right now. So who’s going to be the winner, who’s going to be the? Nobody knows. Anthropix is raising money like crazy right now. Then you have ChatGPT and you’re looking at. Okay, microsoft used to be ChatGPT, basically, and now they’re pulling away signing other deals as well. But you know, with all these services and who’s going to be good, I’m looking at at, you know, chad, chippy t, anthropic of being the big winners here, but gemini unbelievable right with google. We’ll get to that in a second, but google’s been on fire. We’ve been all over this trend. So I see buffett get in well after us, which is awesome. That’s what we want to do here is try to get you in these stocks before the big names get in.

But what I’m seeing with NVIDIA, the biggest takeaway for me right now is this is a stock if they meet those earnings which they usually meet and beat expectations, and the stock usually falls, if that stock falls. I’m going to just tell you one thing NVIDIA’s trading at 31 times forward earnings. You’d say that’s very expensive. It’s not expensive, right? You have to look at how fast the company’s growing. If you look at how fast the company is growing, if you look at 31 times forward earnings, I would say earnings should be at least growing by 12 to 15 percent to support that value, right? So right now you have earnings growing maybe eight, nine percent on the sp500 and the. The sp500 is trading at 22 times forward earnings. Okay, fine.

So if you’re trading at a premium, you should make sure your company’s growing. It’s why I say you got to worry about disney, you got to worry about chipotle. You got to worry about Chipotle, you got to worry about Nike. You know these companies that are trading at exceptional premiums and they’re not growing anymore. If it is trading at 31 times forward earnings, they projected gross sales by 55% and earnings by over 60% annually over the next two years. This is a super dirt cheap stock for the growth Incredibly cheap when you’re factoring growth. So if this company actually reports numbers and they get to the $62 billion they raise and maybe they go $63 billion if you see this stock fall off its highs.

This is a name that you have to buy. It’s not like you’re buying something where it’s Oak Low, it doesn’t have revenue yet and it’s coming down. They don’t have the bait. This is a company that’s seeing massive earnings, massive sales, that’s partnering with everyone you know for NVIDIA. I just think I’m hoping that stock comes down. If it doesn’t, I’m probably going to buy it personally, unless the quarter was bad or he’s implying, like you know, more charges which he said those were one time last quarter. You have to. As long as there’s no we, as long as there’s no one-time whoa. What’s going on? Because all the companies are increasing their CapEx. That means more NVIDIA chips. Nvidia’s going to go higher and you should see that in these numbers. But if the stock does come down at this valuation, it’s a stronger buy than almost any hyperscaler I can think of. Even Microsoft right now that has pulled back considerably as well.

0:16:40 – Daniel Creech

You always joke not jokingly, but I remember you saying hey, ceos, don’t schedule to go on CNBC right after their earnings call when they’re going to lay an egg. And just to kind of extend that, like I just mentioned, Jensen was on stage with Musk at this Saudi investment forum. They were even joking about oh hey, you got earnings later on and blah, blah, blah. I’m not saying anything there but, like I said, it would just be funny or it would be very, very much of an outlier if you come out and lay an egg. So that’s why we’re in agreement. It’s all about hey, what can you sell? And all that kind of stuff.

0:17:10 – Frank Curzio

Yeah, and if you’re a CEO, you’re very careful, but you know what your numbers are. You know what they’re going to come out with. So you don’t know what the stock’s going to interpret this, where people are expecting the best, right, it has such high expectations on the stock. If they do beat and the stock comes down and you’re trading at below 30 times for earnings when you’re seeing the growth actually there, with 60% annual growth in earnings over the next two years, annual growth, that’s an exceptional rate. That’s insane and that’s why this company has a large market cap in the world right now. So let’s see what they report. It will be interesting. We’ll talk about it on Thursday’s podcast tomorrow on Washington Unplugged Premium. But, getting back to the overall markets, you see a slowdown in mortgage applications, even housing, as rates move higher. We’re now trading at one-month highs. We’re back at 6.3% 6.4% of the mortgage rates.

Richmond Fed President, Thomas Barkett, who’s not a voting member 2025, 2026. I love what he said. It’s obvious, Daniel, you and I have been talking about this. Right, we’ll look at the markets. But he said, on net, we’re seeing pressure on both sides of our mandate and I feel like nobody talks about that. Because what’s their mandate. Their mandate is to lower inflation it to 2% and keep a strong jobs market, and they’re losing on both of those fronts right now. So what are they to do? And that’s why you’re seeing this uncertainty around hey, do we need to cut rates Because inflation is going higher? We’re seeing companies continue to raise prices like crazy and we’re seeing the job growth a lot, lot weaker than it’s been.

And some people say, well, that’s AI and things like that. We covered that part of it. But when you’re looking at the Fed’s dual mandate, it’s hey, we got to worry about inflation 2% and that’s all we talked about because the job market has always been strong. But now the job market’s letting up now. So what do they do? Where the job market’s okay, that means you got a lower rates, but inflation is back at 3%. So the fact that he said that, I love it because it makes the Fed’s job difficult.

And what it does, Daniel, is if you look at the overall market, it provides this level of uncertainty. We don’t know. I think it was a 90% plus chance the Fed was going to cut. I think it’s below 50% right now. It’s basically 50-50. If they’re going to cut for December and that uncertainty when it comes to the Fed. That’s not what they want, that’s not what the Fed, the fed wants. That’s all the reason why they’re so transparent and try to tell you, hey, there’s going to be no surprises. This was a big surprise last, when it was a couple weeks ago, right, when, yes, they cut rates, but now they said, oh, we’re not too sure if we’re going to do in December. That was a big surprise. So you have that kind of uncertainty with its markets and you can see why a lot of things are coming down. Even gold and bitcoin is selling off right, bitcoin is below 90 000 90,000 right now. That’s incredible that it’s come down that far.

0:19:45 – Daniel Creech

It really is yeah, 89 and change right now and if you look at a yearly chart, it’s not hard to see this thing hit the 80 or even 70. Just looking at previous lows and stuff. I’m not making a prediction there, but just prepare for yourself. How would you react? And has the overall story changed? Not too much on my opinion, but that doesn’t mean it’s not painful on the way down. A lot of leverage and such like that. We’ll see who, if any, buyers are stepping up and some fun flows there. But yeah, that’s definitely grabbing attention and as Bitcoin goes, so goes the market. Mister.

0:20:19 – Frank Curzio

Yeah, I know right. So according to the market. But I have to tell you here’s what I like in this market right now, and it’s about time we’re pulling back. I mean, pullbacks are good if you’re prepared, you have money in the sidelines and you’re looking to add some of these positions. There’s a lot of good names. Here’s some of the things I like.

When you’re looking at the markets right now, they’re more oversold than they’ve been pretty much in three years. And when you look at the fear and greed index and I’m to put that up, if you’re looking at YouTube, and we’re at 11, which means you’re extreme fear. So what does that mean? So extreme fear is a level from 0 to 100. We’re at 11. That means that if all these sentiment indicators are highlighting pretty much extreme fear, this is a contrarian indicator. It means there’s nobody. When you’re extreme levels, if you’re extreme fear, it means the market’s going to turn. If you’re extreme greed, it means the market’s going to turn negative. So extreme fear. All the sellers are already priced in and we’ve been at any of these levels, but now we’re at 11. We had single digits I think it was a couple days ago, but when you’re looking at this, I’m going down every single thing. They look at market momentum extreme fear. You’re looking at stock price strength extreme fear. You’re looking at the breadth of the market in terms of the stocks how many stocks are going up Extreme fear. Everything’s at it. Put in call options Extreme fear. Market volatility is just at fear, not extreme fear.

But when you see these kind of levels, it sets up a market where, if you look at the sentiment indicators which are very, very important, especially now you can look at Google Trends and what they’re looking at and crash calls and what do they? They search, and that’s got to be factored in as well because, as you see that, it actually drives stock prices and drives cryptos and things like that. But at this level, it’s telling you that it’s it’s hard to get worse than it already is. It means we’re incredibly, incredibly oversold here, which means we could get a bounce, and that bounce we’ve seen them. When they bounce, we see, you know, stocks come back tremendously and some of these are off 20, 30 off their highs. That’s one of the things I like. Uh, another thing is a separation within stocks within that same sector. Right, so what do we have? We had target come out and say well, you know we haven’t seen too many, it’s in our portfolio, we’re down, uh, and the stocks probably is up. I think a little bit on this report right now Target, because it’s just been such a disaster, right so. But they said that they’re not seeing really the strength that they thought they would see and again it’s such factored in because it’s down 35% already. It’s such a bad name that you know the stock’s up a little bit. So it just tells you, if they get a little bit right, target’s going to go up 20, 25% from here. Amber Crombie reported they said they Both said we’re off to a strong start, huge numbers, right. And they’re saying the holidays, we’re in the holiday season, right, we’re going to have Black Friday pretty soon. It’s off to a great start.

If you’re looking at some companies within AI, I mean SMR companies are pulling back sharply. Bloom has pulled back. But I like the fact that it’s going back up again because you’re looking at names starting to gain that momentum and saying, okay, they sold off a little bit too much, where names maybe like the SMRs Oklo and things like that you’re seeing those separations where you’re not seeing the strong sales, the strong top line, which is sales and bottom line earnings. You’re not really seeing that. So those are the names that have really got hit hard in this. You look at Home Depot report last week it was pretty weak. Lowe’s is popping today on pretty solid numbers and a slight raise in guidance. So, pretty solid numbers and a slight raise in guidance, right.

So when I look at the separation in companies, that’s what I love, because when you have this pure bull market, everything goes up, nobody cares, it doesn’t matter if you have the shittiest company on the planet, it’s going to go up. And when you go down, that’s when you see the separation, where you know these companies have gone down and who’s still doing good. And now that we’re not in this full-blown bull market, for now it matters, right, which individual stocks you want to own, because not all the names are getting crushed, just some of the names that went tremendously higher and they didn’t really have the financial backing. That’s what you’re seeing getting hurt. So I like the separation in stocks, because we’re stock pickers here and that’s what we love. And the last thing I like is the deregulation in banks which is coming, which is there’s more lending, more funding for projects. I mean new fed share coming soon right, it’s not that far away in May which means rates are going to be cut considerably from current levels and what’s that going to result in? Probably higher inflation. But you’re looking at a Fed mandate. With this new Fed, it’s going to probably say 3% is okay for inflation, but we have to lower rates incredibly, which is going to be a boom for most assets, including stocks. So you know, when I’m looking six months from now, I see great opportunity to buy on this pullback. I’m looking at AI, where spending trends within AI have not slowed at all. We’re seeing all the major hyperscalers. They increase CapEx spending.

You know we had CoreWeave come out of the conference and that’s a name that got hit hard. There’s a name that I like. Here they said they nearly doubled their revenue backlog in the last quarter alone. Right, and there’s a name that that fell sharply right like through 100 into the 70s. So this is a name.

When you see the numbers of core we’ve compared to Oklo it’s like now you’re seeing these numbers like holy shit. I mean, how many times can you say you, you doubled your revenue backlog in the last quarter and your stock is getting hit for 20 30? That’s the disconnect you want. You want to focus on. That’s how you make money in the stock market, because everyone’s like, well, ai is going to pull back and holy shit.

Well, you got to name my core weave like this. It’s saying we doubled our revenue backlog last quarter alone. We should not be down as much as some of the shitty players who aren’t even generating revenue at all. Promises of all this new technology is going to come three, four, five years from now. So you know things like this. I’m seeing a positive for stocks that I like and I think you know if you have a three, six month horizon, I’d be picking away. Follow our newsletter. I’d be picking away at a lot of stocks here and I think it’s going to result in some really, really good short-term gains, since we’re so oversold here.

0:25:38 – Daniel Creech

One quick thing on Fed Chair Powell on his on calling out the December rate cut not being baked in. That shook up a lot of things. No doubt that’s a lot of momentum on the selling side. The other thing and I don’t know when it’s coming, so I apologize to tease this, I don’t mean to tease it just for the sake of teasing when President Trump announces, or whoever’s announcing, the next replacement or winding it down, narrowing it down, excuse me to a few people. If Powell makes any hint that he is not stepping down like other Fed chairs, you will know it is completely political. That will lead to a lot more volatility. I’m not saying it’s going to be a doomsday scenario, but it will present a lot of buying opportunities because things are going to head lower, because that’s going to be a very political, powerful punch. Frank, Say that three times fast.

No, I know, I know, it’s just yeah, and it’s uncommon, but we live in uncommon times. Look around you people. Definitely uncommon times.

0:26:26 – Frank Curzio

And what I like to look at too, guys, during earnings season, is what some of the CEOs are saying, and you said something interesting with the Ford CEO in terms of can’t find certain mechanics and stuff like that. I think that’s interesting as well, right?

0:26:37 – Daniel Creech

Oh yeah, this is a great conversation, in my opinion. I don’t know if you have it up, but last I saw it it was in a Wall Street Journal and not Chris Farley, but what’s his name? Farley, Jim Farley, yes, the guy.

0:26:49 – Frank Curzio

Chris.

0:26:49 – Daniel Creech

Farley is better though CEO of Ford and he said and I don’t have it in front of me, I apologize but he said, hey, I can’t find jobs for mechanics I forget the exact term, I apologize but he was saying, listen, I can’t even find the skilled workers for these $120,000 per year jobs. And that’s significant for a couple of things, because, a Frank, you can’t reshore and start manufacturing everything in the US, like President Trump wants to, if you don’t even have the labor supply. Oh and, by the way, if you’re cutting down on immigration and foreign workers, that’s even more of an issue, for that I’m not saying it can’t be fixed. I’m not saying any of that. I’m simply pointing things out here in this puzzle piece we’re going to put together. The other thing that that does is it highlights a bigger picture, like Frank and I have talked about, on how you get elections, like the New York mayor and that kind of stuff Because if you look at the college situation, Frank and I’d be interested to hear your point on this, because I know AI is impacting jobs and it’s going to impact jobs not because Daniel Creech or Frank Curzio say so, it’s because everybody is saying so, including Elon Musk and Jensen and all that of NVIDIA.

My point is, though, I’m not ready to say and blame AI completely yet, and I’m not saying you are either, Frank. My point is with this, for the last couple of decades, decades, kids have been forced, pushed, encouraged, however you want to describe it to go into college for the sake of going into college, and I think a lot of the issues and I’m getting emails from subscribers, keep them coming, Danielcurzioresearchcom, about how graduating classes, Frank, are really nervous about the world ahead and all that kind of stuff A, that’s normal. I was the same when I was graduating college. I just spent seven years in there, Frank, so you know, imagine how nervous I was to get out in the real world.

The other side to that is, you know and I’m not trying to preach here, I’m not talking down to anybody However, you cannot ignore the fact that there are a lot of people that are not ready for the world, because college is a Florida waste of time for a lot of people, and that is being overlooked, and that is a big mistake. And the reason that’s a big mistake is because, just like the Ford CEO says, hey, we don’t have the skilled workers here, Well, one, that’s because trade schools have been on a decline over the last couple of decades. College tuition rises has been through the roof because enrollments and government screwery and all that kind of stuff. But the real big issue there is that upsets me is that, Frank, when you have a situation like this, where you have a lot of unskilled workers in the real world because maybe whatever degree you have isn’t the best idea that cost you $250,000 or more. You’re not ready. So therefore, it’s not just AI’s fault in general, but it’s also because you don’t have the skills there.

And that’s a bigger problem, because when you get upset about the world being unfair and in a lot of debt and not having any funds or discretionary income, Frank, you’re going to turn your back on capitalism real quick because it’s easy to blame and the entire world is telling you it’s not your fault, it’s somebody else’s, it’s Frank Curzio’s, because he’s got money and I don’t blah, blah, blah, blah, blah. That’s the bigger picture that I took away from the Ford CEO. That makes me nervous. It doesn’t scare me, it just makes me nervous and we have to get that message out there to people and hopefully get trade schools back and all that kind of stuff. It doesn’t happen overnight, but we didn’t get here overnight. So what did you think of the Ford CEO, Frank?

0:30:05 – Frank Curzio

Listen, it’s tough, and I don’t think it’s limited to his industry.

0:30:08 – Daniel Creech

I think that’s what happened with a lot of people.

0:30:10 – Frank Curzio

And so you don’t have the same service, right? So you look at some of these restaurants and some of the people that they’re hiring like someone was talking to me about, probably the other day, and I said when I go in there, like the employees are kind of like assholes Seriously they are. They’re like what do you want? And you go to like a Chick-fil-A and everyone’s like have a blessed day, it’s so nice. Oh, thank you so much. What else can I get you? It matters, it matters. Stuff like that matters. That’s simple to fix, right. So the employees that you’re bringing on, in terms of the learning curve, yes, you could say, well, you know it spend nine figures. Nine figures, guys, do the math. Nine figures on employees for AI. It means that a lot of the rest of the industry not even the industry, but say people who want to get into AI, say the Fortune 500 companies, say the lower end of those hundred companies you know how much they have to pay for some of these employees and they’re making so much money. It’s so easy to poach them into these big guys, into the hyperscalers. So you know, finding employees at the right price. I could tell you, the industries that AI isn’t going to impact are those industries where it’s your electrician you’re a plumber, I mean you’re going to be able to demand, you’re going to have pricing power, you’re going to. We need those services and those people are absolute geniuses because a lot of people don’t know how to do that stuff right.

So it provides this schooling and making money in a certain area where you know what are you going to college for? You know, I have my daughters that you know. One of them’s going to college now. Right, she’s going to go to college first year. She’s look, she’s got, she’s applied to a bunch of colleges. Right, she’s a senior. Uh, what is it going to offer her? I mean, you know how many classes I’d say 80 of the classes are absolutely freaking useless. They, they’re useless. You know why. Why can’t you take more classes that are going to be involved in your major? And they have these. You know you have to take these, no matter what you know, and a lot of this stuff. It’s fine if you know.

Okay, you know you’re learning certain things and you’re learning science when you have nothing to do about science, or you’re learning history, nothing about history. I find history fascinating. I love science as well, but some people. Why do you have to learn that if that’s not going to be your field? And they force you to learn this stuff? So, to me, the college system is so broken. I’m glad they’re focusing on the actual colleges who have been robbing people the longest time and always getting paid and just constantly raising their prices. You know, much higher than inflation.

But, yes, the whole college thing and engineering and stuff, you know those are special traits that AI is not going to be able to take away from you. You can say, well, what about robotics and things like that? I’m telling you it’s look, AI is not going to take. You have to realize what AI guys, what AI? I thought about this a lot. When you look at AI, people are worried that it’s going to take your job. There’s certain things you have to realize about AI. AI only works if you have data right, so it analyzes data a billion times faster and allows you to have these outcomes.

However, what it does. Think about football, okay, and people argue well, the analytics say this, and the analytics say that you should go on fourth down and you know less than four yards and go for the touchdown, or you know, instead of kicking the field, it goes to analytics Instead of using the analytics and saying this is what the analytics say. A lot comes down to common sense and feeling and making decisions, and now that you have more data in front of you, it allows you to make that personal decision a lot easier. It doesn’t mean it’s going to make this decision for you and sometimes you just have to have that feeling and say look, all right, there’s a free throw shooter that shoots, you know 95. Okay, analytics gonna say if you’re down by one day and you play basketball, don’t foul this guy, don’t foul this guy. He’s 95%. You know what. But you know what analytics aren’t going to say Say, if he shot three or four foul shots just before that and he went 0 for 4. That’s the guy I’m fouling right now. Because if you are a 95% foul shooter and you’re going to the line and you just missed three out of four, that’s the guy I want to foul, which analytics aren’t going to tell you.

So the point is it’s not that analytics is going to take everyone’s job. It is going to take some jobs, but you’re still going to need that element of people making those decisions and you can’t be scared of that. Where it’s not going to be people at all and you’re just going to take over all industries. That’s why, if you’re at your job right now, Embrace AI, learn how to use it, learn how to become more productive. And our biggest division here, which is a money-losing division, is editorial, and it’s important. We want to get out stuff that’s great, that sounds great, that has great headlines, and now we were able to shrink that division tremendously by using AI and helping us out.

So, using the person using it, it increases her exposure where it makes it more powerful for you as an employee, because if you’re not a part of it and you’re just like whatever, you’re gonna get left out. But there’s ways that you could use to increase your productivity. And if you’re increasing productivity, if you make your boss’s job easier, you’re always gonna get raises, you’re gonna have a job for life and you’re gonna constantly be educating yourself. So look at AI that way instead of looking at it like you would oh my God, I can’t hire these people or it’s going to just it’s going to disappear. I’m telling you that. That that blue collar area where you know you’re looking at so many of those jobs and those traits and trade schools and stuff like that they’re going to. They’re going to be making an absolute fortune. They’re going to make an absolute fortune because those jobs are needed and it’s it’s. Those are skilled jobs and that’s something that AI is not going to place, no way they’re going to replace.

0:35:14 – Daniel Creech

No, and two quick things for me. Like I said, don’t hear what we’re not saying. College is not a waste of time for everybody, skilled and specific degrees. I have a cousin that’s an engineer. He needed to go to college for that. Me and guys like me, I had no business going to college. Every job I’ve ever had, I didn’t need a college degree. Thank goodness Frank sent me an email with XYZ instead of sending me your resume, because I never would have had a chance.

But the other point to that is, yes, ai is not going to take your electrician, hvac systems and all that kind of stuff anytime soon. The other thing is, Frank, to your point and again I encourage everybody, check out the Musk and Jensen comments on the stage there at the Saudi US Forum, because Jensen even talked about radiology, or radiologist Frank, and I don’t know if you caught any of that, but he said listen, a lot of people thought AI was going to take that because they can read a lot of data to your point much faster, much more consistent than humans, he said. But you know what they’re actually hiring more in the radiology field, because it’s not just about, hey, this is what this scan says. It’s about hey, ai can do that, but use it to your advantage and now they can focus on the people sorry, they, the people can focus on other things.

Now, I don’t know. He didn’t say specifically about a hospital or whatever. So don’t email me with some stats saying somebody, just that you know, just got laid off. I’m not happy about any of that. The point is what Frank said is just embrace it. We’re not at the Terminator any time. If AI was so great that some people say right now, Frank, they would fix the fast food drive-thru okay, and it’s not people. So that’s why we’re okay.

0:36:49 – Frank Curzio

Take a deep breath. It is so bad. Yeah, the drive-thrus are so bad Well some of them.

0:36:55 – Daniel Creech

I mean, like I said, some of them are.

0:36:56 – Frank Curzio

My point is yeah, you have Starbucks getting better at it finally. But yeah, it’s sometimes a nightmare. But there’s one more thing I want to talk about out here is Berkshire. Berkshire has taken a stand. Does Berkshire matter anymore, Daniel?

0:37:08 – Daniel Creech

Oh, absolutely Do you think it matters, like I think it’s a big picture on where the market is. You can overlook them because, ah, they’re a big value play and they got what are they like? 3% of all treasury bonds or something crazy, I don’t remember the number. I think it’s a great testament. When people are ignoring it, it’s because you’re in all growth mode. When people are really talking about it. A, you’re right, Frank, it’s because the transitioning at the top and Mr Buffett stepping down, or stepping away at least. But yeah, I still do think it matters because I think that investors are going to. You know there’s no way the guy’s running that my name’s the name’s, excuse me making the majority of the decision now, especially about what we’re talking about. Didn’t learn a lot from that guy and you don’t throw out the greatest or one of the greatest investors overnight.

0:38:04 – Frank Curzio

So I know you’re not doing that, but yes, I do think it matters, Frank. Yeah, you know what. I look at a company here and I’m going to say that this company had in 2022. Okay, they had 100 billion in cash on its balance sheet. And people say you know, that’s great, that’s a great thing. $100 billion. All right, this is 2022. You know what the cash balance is now.

0:38:20 – Daniel Creech

It was over $300 last time I knew.

0:38:22 – Frank Curzio

It’s like $380 billion Now. I would look at that and say that’s horrible, horrible management, I mean, because 2022 was the bottom of the market and then we’re talking about the end of 2022. And I have a chart here with Berkshire’s cash that I just pulled up and you’re looking from March 2022 and in 2022, like even December 2022, you have $128 billion. And now you have it says this is as of June, but as of right now, it’s $380 billion Now. So you have all this capital on your balance sheet. That’s great.

You know your company’s very, very strong, but from 2022 to today, now you’re buying google, like what? Like I’m not saying it’s not a bad trend, by the way, it’s not that they bought it today. They bought it last quarter and it was about 230 around on average. They probably bought it 230, maybe a little bit lower, and we’re at close to 300 on google, right? So if I bring up that chart, that chart so I’m not saying that, I’m just you know now they have to report it and remember they’re reporting it and they could own this, you know, at the beginning of last quarter, which is four months ago. So you know, when I look at Google and let me see if I can pull up a chart of Google really quick here, you know, I mean All-time highs today, just a six months ago, this stock was 160.

0:39:35 – Daniel Creech

And while you’re looking at that, just to answer your question, they came out with positive news around Gemini and the user base for their AI and such. However, I do think that some of the recent move is because of Buffett, because what I think, and because Daniel Creech is thinking this and I’m not unique in the investing world is, hey, is this the next Apple? Because they did a hell of a job timing Apple and making billions on that, and I can’t. You know, Daniel Kreese doesn’t know what percentage move is directly tied to Buffett, but I know that when that headline came across that they bought millions of shares in Google, it was up. Obviously, they’ve come out with good news, but a lot of this recent move, in my opinion, is because that. So we’ll see.

0:40:15 – Frank Curzio

Yeah, no, I just for me, when I look at that much cash on the balance sheet, like you could have put that into anything, if those managers are really good, like they totally missed the AI trend, right, I mean, they do own Apple, but they were reducing their stake a little bit in Apple. They didn’t buy Apple because of the AI exposure, right, they bought Apple.

0:40:30 – Daniel Creech

Let’s hope not.

They probably sold it up, like you said, I know but now, even without the ai exposure, I mean, apple has been really killing it that they report a great quarter, but it’s you know that those managers have missed this, this big trend let me ask you this Frank I want your opinion on this because I think and I’m not bashing him at all here, but you know you always say, hey, you got to change when the facts change, but that’s not easy and it doesn’t happen overnight one thing I think Buffett missed if I say that and I don’t mean to be a dick on that or excuse me but one thing that has changed significantly over the last 10 years and agree or disagree with this is the reaction and the role that not only the Fed plays, but what the Fed thinks their new role is. So I think and I don’t know as hard or as brain, but it wouldn’t shock me you know Buffett was always popular for, hey, I want a big, large cash balance, because when crap hits the fan 2008, Goldman Sachs, Bank of America you got to go run to somebody. Well, now the Fed has stepped in lightning quick to really play that part. And again, I’m not bashing Mr Buffett on this, but I would like to think, man, some of that is, hey, I’m going to have this big cash pile because my big, fat pitch is coming, but yet he’s not.

Again, I’m not saying bad things about Buffett, but it wouldn’t be hard to underestimate or think. Surely the Fed isn’t going to do this again and again and again. If he’s wrong on that, I can completely understand that. Does that make any sense? On where?

0:41:54 – Frank Curzio

I’m trying to come from. It does make sense. I mean, it makes a lot of sense, right? That’s why people were shorting the market.

0:41:58 – Daniel Creech

I mean, you can look back and say, hey, that’s not the great idea, but you also can’t ignore the fact that the Fed steps in as the Wizard of Oz and the Tooth Fairy every time something bad happens.

0:42:07 – Frank Curzio

And they do no-transcript, which Ackerman’s still fighting for. They’re in conservatorship still, basically. And then it was so quick the turnaround they didn’t even know what to do with the profits. They’re like, what do we do? And you’re right, because they’re going to come in and even during a credit crisis, that was the risk. If he was short, you were right and it goes under and that’s great. But now you better cover, because the government’s going to backstop everything, and that’s what they did.

And you always have that Fed put underneath if things go bad, because they’re just going to come in and say, okay, everything’s okay. And it’s kind of shitty when they do that, but you have to play that because and that made it harder for a company like Buffett that’s looking for these huge bargains to say, okay, we want to buy these bargain basement companies. And you have to realize, since 2010, we’ve been in a full-blown growth market that’s outperformed value every single year, every single freaking year since 2010. So, being a value guy, yes, that’s great and we recommended that right. We recommended Berkshire as a better play than the S&P 500, almost.

Yeah, but then we sold it, but now Buffett’s stepping down I haven’t seen. These guys are getting into Google now, which is great, but I’d like to see them get more. You have to be participating in some of this growth, because it seems like this is a big conglomerate that isn’t better to buy the S&P 500 than these guys. They’re sitting on all these value assets, with all this money. How come a lot of that money didn’t get put to work Like right now? You should be selling assets right when they’re at all-time highs, and assets have been at all-time highs and now you’re seeing a pullback. Are they going to use some of that cash? I don’t know, we’ll see.

I mean, it’s nice to have, it’s good, but you also want to be you talk about the greatest money managers in the world. You can’t earn more than 3.5% of that money. If you can’t, then I’m not paying Berkshire. I want to own the stock because you’re sitting in all this cash. Why would I put my own cash to earn 3.5%? And I worry about the stock and having the risk of the stock. So it’s interesting to see how they go forward.

I will say this though they probably’t, we take the position at $130? So when you see the largest investment fund come in, the greatest fund manager ever lived come in and he’s buying this stock at $230, which is $100 higher than when we bought it, and we got a lot of shit for Google. Frank, do you think AI is going to crush this? I would argue that it’s not up a lot, especially in the past few months, because we see Berkshire buying in the market, which we now learn from. The 13F. Gemini is the best system out there right now and what they’re doing now, like Apple, if you ask, I’ve asked Siri and I really I don’t really use Siri a lot for Apple. I just use it a few times. I started using it with my new phone and I got to tell you it just says go to chat. It tells me to go to chat GPT to find the answer.

Siri does. That’s how behind the curve they are Apple and one of the biggest companies in the world, but Berkshire here taking a stake in Google. Good for our shareholders, good for people who follow us and again, we’ve had that size in our portfolio since 130 and doing very, very well. It’s nice to see when the biggest guys in the world come in after us. And Well, it’s nice to see when the biggest guys in the world come in after us and it means that you know we’re doing a good job here. So that’s what we like to see.

That’s what the research is about, and a lot of people have said I can’t probably more emails on this stock than any other email over the past year Saying hey, should we get out of it? I’m worried with AI, it’s going to take over the search business and they found a way To expand cloud. I mean these guys and what they’ve done with this company in terms of Gemini is unbelievable. For that to be just about the best, better than ChatGPT in so many areas. Not coding, Anthropic is better in coding. You can see a lot of this stuff through the large language models and they have leaderboards and stuff like that that you can see which ones are the best. And right now, gemini is on top of all those freaking lists, which is really cool, so good for that.

0:45:53 – Daniel Creech

And don’t misunderstand, Frank’s not bashing all the questions, because you know we understand when we recommend big boring stocks or you know the low hanging fruits like that, but that doesn’t mean you can’t make great money on that. And to your point, Frank, just a quick Google bias search of course, Gemini has increased users from 450 million in July of 2025 to over 650 million now.

0:46:11 – Frank Curzio

Insane, pretty cool and 150 million now Pretty cool, and they’re just brilliant, they’re brilliant.

0:46:15 – Daniel Creech

What Bond villain you want to bet on. Google or Altman? Don’t get me started on that. I’m sorry, brother.

0:46:19 – Frank Curzio

Yeah, altman, I don’t know, that’s like Mike.

0:46:21 – Daniel Creech

Disney for you Just drives me insane. Yeah, I know, I know.

0:46:23 – Frank Curzio

But you know, just I mean Google has been so great in terms of their partnerships, in terms of very, very, very, very smart, where these names are worth a fortune now when you throw them through ai, because now, if look what they did with reddit, I mean it worked out for reddit. So when you provide a solution that’s good for a company and also good for you, you’re going to sign lots of deals again. Technology companies weren’t used to signing deals like this. They had the ip really close to the best, especially apple right, the biggest deal they’ve ever did was just three billion with beats. When I look at google what they did with reddit now, if you do a search, reddit’s right at the top now and reddit said here, here’s api, here’s the keys of the kingdom. Now they have hundreds of millions of people that they could throw through cloud, through ai, and now they’re cross-referencing that through these names of other services that they’re easily track, because everybody’s tracking everything these days. And now it gets to the point where you know every single thing about this customer, of what they’re going to do in the future, and that’s what google. Google needs access to more and more and more names. Well, instead of just, you know, stealing them, which a lot of these companies do, which Microsoft absolutely does is just buy a computer, everything’s like listed and they’re going to break through that firewall, even if you say I’m not sending anything to anyone. They’re going to find a way to legally make sure that they’re going to upgrade your computer with the next version of windows, even if you don’t want it. And and next thing, you know everything’s checked positive again that they’re going to they could take their information, sell to third parties. It’s crazy. But with google that you know, core, if they’re partnering with these companies, saying, hey, you’re gonna have access to our cloud, you give us access that api to your names. Now you’re throwing all ai benefits google tremendously. It benefits reddit.

That stock has taken off. Yes, it’s pulled back a little bit, but that stock didn’t generate any profits for 20 years as an internet company until recently, and that deal with google was a game changer. Snap just signed a huge deal with perplexity doing the same thing. Finally, they have massive users that they don’t know how to monetize. Now they got perplex, perplexity. That’s why I think Snaps is screaming by here at $8. So you know, it is amazing of what they’ve done. I’m glad we were on that train really early and yeah, we did get some shit for that. But that’s the way it goes. If people are giving you shit about a stock, you’re probably on the right path, compared to where everyone’s like this is the greatest thing, Frank, this, send your hate emails.

Yeah, so I want to finish with this, Daniel. So we had our first ever conference last week Curzio One Wealth Forum. It’s for accredited investors, and we highlighted a bunch of private ideas. We had CEOs up on stage and you know a lot of these companies were invested already and some are probably going to do future private raises at high valuations, which is great for us. And one of these companies and CEOs that spoke the company’s called Savvy.

So this is a competitor to Airbnb and Vrbo and the CEO of Savvy is Eric Goldweier. Now I had him on the podcast a long time ago and I thought we were going to be able to do a capital raise, but someone actually wrote him a check right away. But now they’re at the next stage of funding. And if you’re looking at who Eric is, Eric is he sold Bedandbreakfast.com for an eight-figure exit, turnkey vacation rentals for a nine-figure exit. It’s nice to follow guys that had exits like this and as fees are surging in Airbnb and Vrbo, he’s launched a site which is similar, that has no fees, and it focuses on the property managers, which is the biggest clients People, not just that you have one property, whether you have 10, have 10, 20, 50. Some of these people have 100 properties and what airbnb and verbo are doing is they raise fees considerably because these are publicly traded companies and they have to continue to show growth. And if you’re seeing a little bit of a slowdown in travel now, these guys have to raise their fees and it’s pissing off a lot of their customers and he’s property managers.

So this company that he launched, he saw another disconnect where he can make a huge exit and he wants to make a billion-dollar exit this time. And when he was on stage, he said something that’s brilliant, that I think every entrepreneur should understand, because when you start a business, you’re like I’m putting this company out of business, I’m putting this industry out of business. You can’t think about that. It’s too big, you’re going to fail immediately. What he immediately, what he said, is I’m not looking to put airbnb out of business, I’m gonna put verba out of business, I’m looking to capture 10 and if I do, this is a multi-billion dollar company. And how is he going to do that? Is launching this site which is called savvy. Is he’s charging no commissions and you say, okay, well, how do you raise money on this? One, it’s going to be through advertising. Two, it’s going to be kind of like an seo model where if you want to move higher up the list, you’re going to pay for it and he displays on his site, which is available.

Now there’s a real working company and they’re seeing tremendous, tremendous, tremendous growth. Right now it’s 50 growth in sales, I believe, month over month. Uh, every conference he’s signing up massive amount of property managers because he’s providing a service that makes sense to him and the property managers can lower their prices not lower their prices, but not get charged an extra 20% commissions by Airbnb and Vrbo. Now they can go to Savvy and now they don’t have to pass on those expenses to your consumer. Think about that If you’re going away, you’re saving 20% on your hotel. That’s a lot of freaking money. I mean what you could do. You could hire a personal chef for that. You can go to more any. I mean you talk about a lot of money. It’s like thousands of dollars, right? So it could be, you know, hundreds of thousands of dollars, depending on how much you’re spending on these trips, which is, you know, sometimes five, six, seven grand.

So Curzio One members are going to have access to this private placement. This is coming out in a couple of weeks he was on stage and said hey, the minimum is going to be $100,000. No-transcript what we’re providing right now. Curzio One. I vet all these deals. There’s lots of them that come onto my plate, onto my desk, whatever. And a lot of them are shitty. The terms are shitty. My job is to look at these terms and make sure, as my clients are in Curzio One. So you’re going to have access to this deal. And now we’re going to have access to another deal. Savvy is great. I’m going to have the CEO on. I’m going to do a special broadcast with him. Then I’m going to just put out to Curzio One members. You’re going to have the positives and negatives. You’re going to have access to him Again. All One members had access to him and they loved it. They launch this, which is going to be in a couple weeks. Then we have another deal coming for Curzio One members and I’m flying out to Sacramento to visit the country’s largest academic coffee research teaching facility. So it’s 100% dedicated to studying the science behind coffee and how to make it better. I heard that this is insane 7,000 square foot facility. All of the major coffee companies are involved in it. It’s all to make coffee better and the science behind it healthier, whatever. Now, why am I going there in a few weeks from now? Is because there’s a small company that found a super easy way, through biotechnology, to make decaffeinated coffee.

My question was decaffeinated coffee who cares? It’s caffeine. People should call it for caffeine. If you’re looking at beer sales and you’re looking at caffeine sales, uh, beverages, caffeine they’re coming down. Decaffeinated is actually going higher. People believe it’s more healthy or whatever it is, but the younger generation is drinking more decaffeinated.

The process behind decaffeinated is very, very difficult. Uh, it’s super expensive. It’s incredibly hard. It’s very dirty in terms of the environment. There’s only two different processes through this and this company has a patent on an enzyme that all you do is put it into existing coffee. You don’t have to do anything, just put it and it gets rid of the caffeine. And I was like holy shit. The reason why is because the major companies spend hundreds of millions of dollars to get to caffeinated coffee. It’s a very difficult process. Again, you can look it. There’s two processes they do it’s very, very difficult to do and it costs a fortune. Imagine if all you needed was this enzyme and you could do it. Now you don’t have to change anything Now you’re saving costs tremendously. So you’re looking at saving literally hundreds of millions of dollars in annual costs for major coffee companies, and that’s disruptive.

And this is why one of the leading CEOs of a coffee company is going to be on site with me and we’re going to be testing this new technology, which they already tested and already passed all the tests. But I want to see it in person. And this is in terms of tasting, where you cannot tell the difference between caffeinated and decaffeinated. You can’t even tell after you do this the technology, the science, the safety and everything. So the guy who founded this company is not just some crazy guy that’s like, hey, I got an idea. He’s actually sold a company for over a billion dollars and he’s very, very credible. I don’t want to tell you the company he actually sold. I’ll let one of my members know when I pitch this and this is going to be about three to four weeks.

I’m going there, I think December 10th, 11th, to this facility Again, flying to California just to see this. So, uh, we’re going to be leading that round as well. If I like what, I see us on a term sheet with him saying if I like what I see, then we’ll you know we’ll get into this company. So if you’re an accredited investor and you want to get into private placements, this market’s going to open up a lot for you. But you have to be very, very careful, because a lot of these deals, all these private companies, are looking for liquidity, uh, and looking to get more investors, and that’s why I want to open up to retail investors. But they really want to fuck retail investors. That’s why they’re doing this, just like they would SPACs. It’s the same thing with SPACs.

0:54:59 – Daniel Creech

It’s oh these great companies.

0:55:00 – Frank Curzio

They’re great companies, but you’re paying $300 for a snicker bar Because these valuations came out insane, where I think it’s 95% of the SPACs are down 90% plus Right. So you need someone to be looking at these deals and understand they’ve got to structure it. Because I’m in these deals as well and I tell them you know the valuation that he first wanted. I said I can’t do it. This valuation has got to be lower Adrenaline I have the shirt on. I mean they were looking to come in. They wanted me to raise money at a $20 million valuation. I said, no, it’s got deal with them. You have Resorts World sign a contract with a game of $100,000 sponsorship. You have, you know, this brand really starting to take off and now we have VIP, everything. We have VIP front row seats for me and my investors, which I think it was like seven or eight of my investors actually went there because we had my conference a week before, so some of them went to Vegas as well as well. We had first class experience there, which is really cool, and I was able to structure the deal. That’s benefit for all of us. So in these deals that I’m getting, even with Savvy, they’re like well, we want $100,000 minimum. I said it’s got to be $25,000 or we’re not going to do it and they’re getting good investors in there. So the Curzio One membership is growing tremendously and we’re getting access to deals that I never thought we’d have access to, and tremendously and we’re getting access to deals that I never thought we’d have access to. And it’s a lot of fun right now because you just need one or two of these things to work out and it moves the needle and we’re seeing a lot of companies that presented there.

There was, you know, 13 interviews that I did. I didn’t let them go up there and do a presentation, dang, I’m sorry. I went up there and said, you know, I interviewed them and it was open to questions and these are investors that we had Curzio on and they hung out and you got to talk to them as CEOs and everything, and it was really good. But now we’re getting into a lot of these things where they’re raising money at high evaluations. We’re seeing very positive results in lots of these deals and it could result in massive, massive wins for us, especially adrenaline, I mean. Imagine, if someone comes in and you know $100 million, we have access to the gambling rights as well, which I was able to negotiate. So if this thing really takes off to the level where maybe it’s a $100 million company, $200 million, we’re in a $5 million valuation that matters. So this is some of the stuff we offer at Curzio One.

If you’re interested in becoming a member, we’ve lowered the prices to where we can get more and more people in because we want to be able to even better deals and the people we have access to in terms of the deals that they’re doing they’ve done this for a living 20, 30 years and the way we’re able to structure these deals. It’s really working out where it’s who you know in this industry and we know the right people. We’re getting into the right deals and it’s a lot of fun right now. If you’re interested in learning more Frank@curzioresearch.com with you personally to see if membership is right for you, I can even show you tons of testimonials that we got from many of the members that were at the one conference that said this is unbelievable. This is fantastic. Thank you for giving me so much access to the CEOs, the interviews that you did. It was at a really nice place. It was really really cool. You get access to that conference every year going forward, which I think is going to get bigger and bigger and bigger it’s. It’s a great way to get access to private placements that are very hard to get access to, and the deals we’re seeing right now, guys, is really, really incredible. So if you’re interested in coming in, if you’re a subscriber to some of our products and you’re a credit investor, you’re going to get all the rest of the products and services for free, which is a really good deal. So now we open up to annual membership. It’s not this membership where it’s lifetime and you have to pay a certain fee or maintenance fees every year. Now open up every single year, which provide us a lot lower price for people to get in and you’re getting access to these deals and it’s a lot of fun right now. So if you’re a credit investor, you want to learn more, reach out to me at Frank@curzioresearch.com. We have two big deals coming up, I would say probably in the next four or five weeks, and the second deal that I told you with the coffee company. We’re going to probably start raising money in January.

I think I’m going to be doing my research. Maybe I like it, maybe I don’t, but you’re going to see all the video stuff, everything, the whole facility, everything I’m doing down there. I’m going to have lots of videos and taping and pictures and I’m going to let you know if this is for real or not. What I’m hearing, this is very for real and they’re very, very excited. So I want to see a person. That’s what I do. That’s the type of research I do, if I like what I see, we’re going to be getting in a super, very, very, very discount evaluation of something that could be a big, big company, because it targets the whole entire coffee industry, multi-billion dollar industry, and all these guys are looking at lower costs. This is away from the lower cost, considerably, considerably when it comes to decaffeinated coffee, which, again, is not my cup of tea or my cup of coffee, but it is for a lot of people and that’s a growing market. So that’s pretty exciting.

So I just wanted to tell you guys that Frank@curzioresearch.com, if you’re interested, I can set up a call with you, go over everything, pricing, make sure this membership’s right for you, and we did have a lot more people that are coming in. They’re telling their friends about it. It’s a lot of fun and we’re building this membership up pretty big now and I think it’s going to get even bigger, because people want access to these types of deals from private companies and they want someone to vet them from, which we do, and we had a lot of fun with that. I think, Dan, you had a lot of fun too with the conference, which was really nice, well said yeah, so, guys, we’ll leave it there.

Talk a lot about the markets Idea. We’re going to get into lots of stocks tomorrow, even at 13Fs and stuff and really we’re going to talk about NVIDIA and that’s on our Curzio research. So that’s a premium membership for Wall Street, unplugged and Dan and I are going to just be breaking down, of course, Nvidia, lots of different ideas, lots of stocks. Now we talk about macro stuff and things, but now we’re really going to be breaking down and give you lots of ideas and also maybe come up with a recommendation. We’ll see what we like tomorrow, based on how the market’s trading. And you know, Daniel, what’s your email.

Daniel@curzioresearch.com All right, guys, that’s it for us and we’ll see you tomorrow with the scoop on NVIDIA Take care.

1:00:42 – Announcer

Wall Street Unplugged is produced by Curzio Research, one of the most respected financial media companies in the industry. The information presented on Wall Street Unplugged is the opinion of its host and guests. You should not base your investment decisions solely on this broadcast. Remember, it’s your money, and your responsibility.