Transcript was automatically generated.

Frank Curzio 00:01

It’s Wednesday, February 11th, and I’m Frank Curzio, host of the Wall Street Unplugged podcast, where I break down the headlines and tell you what’s really moving these markets. 

It’s a fun podcast today. We’re gonna try to do this at least once a month and go live, 100% live. So make fun of us if we make a mistake. We have lots of fun, cover lots of stocks. Probably about 25 to 30 stocks we’re gonna cover today.

Frank Curzio 00:28

A lot of those are buys. Some of them you have to avoid, uh, really get into the details on these. But we just wanna bring in a, a fresh new audience who’s not used to seeing Wall Street Unplugged, which is on iTunes and Spotify, which didn’t come out with the best quarter, by the way, last night. Uh, most of this podcast’s gonna be a Q&A format, so feel free to ask your questions.

Frank Curzio 00:47

Ask me anything right here on X, or you can go to askcurio.com. Any stock, any industry, having problems with the wife, whatever, I’m here for you. But first, I wanna bring in my buddy, partner in crime, Mr. Daniel Creech. What’s going on, man?

Daniel Creech 01:01

Hey, what’s up, Frank? No, uh, no love questions for this guy. Those are all directed towards you.

Frank Curzio 01:06

Oh, I’ll answer every one of them, man. Don’t worry about it. I’m here. I’m here for all of you.

Daniel Creech 01:09

Fix everything but a broken heart.

Frank Curzio 01:10

For all of you. So, uh, we usually have fun with these podcasts, uh, at the beginning and talk about current events and stuff like that. But, uh, I did wanna talk about, before we get into all these stocks and all your questions, again, feel free to ask those questions. We’re here for you. Uh, about the Super Bowl, what were your thoughts? What’d you think? Uh, we make a prediction just to bring everyone in here, Dan, really quick. Every year for the past,

Frank Curzio 01:30

I wanna say 15 years, I make a prediction on the Super Bowl. I break it down. I play football. I, I, I’ve been in fantasy leagues for like 35 years. Man, I, I drafted Emmett Smith. We had a look in the newspapers for the box scores back then, uh, and Barry Sanders and stuff. So, uh, huge football fan. And I think it was like 12 years in a row I lost. So it was the guaranteed bet all the time. Just do the opposite.

Daniel Creech 01:52

Do the opposite.

Frank Curzio 01:52

Sell your house. Throw your house on the opposite of my pick that I was betting. Then all of a sudden I got hot. Last two Super Bowls I won. This one, my prediction was Seattle in a blowout. And that happened. Uh, Daniel, what are your thoughts? You enjoyed the game?

Daniel Creech 02:05

No, I thought, uh, it was a pretty boring game. I was checking the scores. I didn’t see all of it. You know, I’m not a huge NFL fan. Um, I predicted it correctly because I said I thought Seattle would win as well ’cause I’m not a big fan of them. Didn’t really have a dog in the fight. Frank checking the scores. 3, 6, 9, 12.

Daniel Creech 02:24

And then I look at the score and it’s like 29-13 or something crazy. So turnovers or whatever. But hey, hope everybody enjoyed it. What about, uh, before the halftime, you know, splits? You had to pick one or the other. What about commercials? Anything stick out to you?

Frank Curzio 02:38

Commercials, a couple of good ones. You know, Budweiser did a great job. It shows how your brand could really turn around with Bud Light and things like that. This is Budweiser. Uh, you know, and we all know what happened with, with, with the whole left and, and stuff. And, and it got a little crazy with, with Budweiser. Hurt his brand. But, uh, it gives you an opportunity when you mess up.

Frank Curzio 02:57

And to see that commercial, Budweiser, Free Bird, Clydesdale’s with the, the small bird. There was an eagle.

Daniel Creech 03:02

Very well done.

Frank Curzio 03:03

Very well done. I, I like the Lays commercials as well. Uh, I thought the Duncan commercial with, with Ben Affleck and who they had, that Urkel.

Daniel Creech 03:10

Yeah, they had a ton of throwbacks.

Frank Curzio 03:12

Ted Danson.

Daniel Creech 03:13

That was well done.

Frank Curzio 03:13

Fonzo, Jason Alexander, Matt LeBlanc. Uh, and then they threw in, what, Jennifer Aniston and then Tom Brady, I believe. That commercial must have cost 10, 10, 10, you know how many donuts, 10 million dollars probably with all those.

Daniel Creech 03:25

I can afford all those people.

Frank Curzio 03:25

I mean, how many donuts do you have to sell? Yeah, that’s, that’s insane. But, uh, yeah, what about you? Any commercials stand out?

Daniel Creech 03:32

Yeah, the, uh, so I have to admit the first couple commercials I’ve seen about this whole football food selling thing with the actor from, uh, Hangover, Bradley Cooper, I didn’t like any of them. The one that aired during the Super Bowl with Matthew McConaughey and him, and I’m not saying this was their first one, I thought was very good.

Frank Curzio 03:47

Yeah, it was pretty good.

Daniel Creech 03:48

For whatever reason, McConaughey driving that old truck while Cooper is jogging and he’s talking to him about that, I don’t know why, but I actually laughed out loud. And then the other one I thought was great. Talk about cheap. And I know nothing about this, but this had to be the best return on commercial. Did you see the Minion advertisement? The Minions.

Frank Curzio 04:06

Just briefly.

Daniel Creech 04:07

Okay.

Frank Curzio 04:07

Yeah.

Daniel Creech 04:07

So it’s a blank white.

Frank Curzio 04:10

And just running to the street.

Daniel Creech 04:11

And the Minion runs at you and falls over. I have not even seen a Minion movie, and I liked that. Okay. I’ve seen bits and parts ’cause of times I’m around munchkins or whatever. But I, I haven’t even seen a whole movie, and that made me laugh. And you just think that had to take one person max to make that. Yeah. So kudos to them.

Frank Curzio 04:29

Yeah, kudos to them.

Daniel Creech 04:30

So everybody’s gotta be happy. A little, little bit of something for everybody.

Frank Curzio 04:32

Kudos to the Seattle Seahawks, best team all year. Uh, listen, New England wasn’t sold on and it didn’t have a good offensive line. And I’m gonna say what everyone doesn’t wanna say is Drake May was absolutely atrocious. Okay. And they could say, well, he had no offensive line. Well, you know, neither did Brady a couple times when he, when he played Seattle, they wound up winning that game off of a,

Frank Curzio 04:51

you know, stupid cold to goal line, not giving it to, to, you know, the best running back that runs over everybody, uh, and the Beasts. But you knew the blitz was coming. You knew the left side was weak. Uh, and they just didn’t get the ball out. He held the ball too long. His mechanics were bad. And people say, well, his arm might’ve been hurt, his shoulder. He has a 73% completion rate during the season because they had the 10th easy schedule in,

Frank Curzio 05:12

in the last 25 years. Uh, and then they got lucky in the playoffs because they played a team which was Houston, which was a great defense. Uh, the Chargers, ah, they’re okay to beat the Chargers. They played, uh, Houston. The defense was unbelievable, but you had a quarterback that had four deceptions. He could throw a five-yard pass in a, in a first half. And then, uh,

Frank Curzio 05:30

you know, you got Denver without their quarterback, but it showed, and he had a 50% completion rate, not just the last game in the playoffs, but, uh, his mechanics were bad. He missed a lot of open receivers. They were still in that game for, for pretty much going into the fourth quarter, but he was, was really, really bad. And, and, you know, he’s gotta get called out on that. And hopefully, you know, that helps him out later on. But I just thought when I saw him studying his notes before,

Frank Curzio 05:51

I knew they were gonna get annihilated. He just looked like he was nervous. He wasn’t ready for the moment. That’s okay. You know, second-year quarterback, but I’m gonna say what no one else wants to say, like, oh, you know, it was the offensive line. Drake May really played bad and, and, uh, they really didn’t have a shot. Didn’t feel like they had a shot the whole entire game. So.

Daniel Creech 06:05

I think the note you were looking at was his, uh, offensive line coverage. The guy got sacked more times than any bad joke insertright there. I saw a stat that he was sacked as much as Joe Burrow in the postseason as a Bengals fan. That’s horrible.

Frank Curzio 06:17

More in the playoffs.

Daniel Creech 06:18

You don’t want that. You don’t wanna be involved in anything Bengals related. Nothing. It’s horrible.

Frank Curzio 06:22

So, so, you know, it, thank God it was the most boring Super Bowl that you’re ever gonna see. It had really no star players, even that the best player in the game, um, you know, which is Seattle’s, uh, uh, wide receiver got hurt. Uh, no superstars really in this game. But, uh, you know, congratulations to Seattle Seahawks, uh, and they definitely deserve it. But.

Daniel Creech 06:40

Allright. So what about the halftime show? Which one’d you watch?

Frank Curzio 06:42

I don’t know if I wanna go there. I watched the one on Turning Point because I, I didn’t understand the other one. And I have no problem with that. I thought it was like cultural. I thought he did a good job.

Daniel Creech 06:49

You didn’t understand it because it was in Spanish or you didn’t understand why they put him on stage in German?

Frank Curzio 06:54

I don’t, I don’t understand, like, you know your environment. You know what I mean? It, like, I, I just don’t understand, like, why he would be the halftime show. I, I think he, I, I, I don’t have anything about bad to say about Bad Bunny. A lot of people don’t like him. I think he’s great.

Frank Curzio 07:10

Just on, on that venue, I don’t know why you’re not putting something else on there that people could identify with. And they showed pictures of the audience when he was going, and they were just sitting there going like, what? Nobody could understand. No one was, it was going, what was going on? So, I mean, he was Spanish. I loved it. Uh, it was great. Puerto Rican, loved it. But, you know, I just, I wasn’t happy with it.

Frank Curzio 07:29

And I’m a big Kid Rock fan. The rest of that show, a Turning Point, was pretty bad, maxed out at 5 million. But, uh, you know, I liked, um, I really liked Kid Rock coming out. That was great. That was awesome. So.

Daniel Creech 07:40

Yeah, I’m a big Kid Rock fan. So he got, uh, some heck, some heck about he was lip-syncing, but he wasn’t. And he, he, I, I, I watched that.

Frank Curzio 07:48

I don’t think he was. I just think it was off because he’s, he doesn’t lip-sync. So I just think it was off.

Daniel Creech 07:53

But I liked it. I, I did like it. But I.

Frank Curzio 07:54

With the streaming and delays and stuff like that. I, I didn’t think they get, they probably didn’t anticipate they’d get 5 million, uh, of views on that, which is pretty crazy. But the fun stuff. Okay, let’s get into some of your questions. Lots of questions on the markets. Look, there’s a lot going on. It’s earnings season. It’s crazy. You got AI all over the place, higher spending. Holy shit. We got jobs number. That was great today.

Frank Curzio 08:13

Uh, earnings all over the place. We’re seeing an earnings season where companies are getting hit by 25% or they’re up 10, 15%. I mean, these moves are massive. You’ve seen the market hold near highs. We’re down a little bit today. Uh, overall, it’s a market that I wanna say this, and a lot of people say it for many, many years, it’s a stock pickers market,right? You gotta be careful here.

Frank Curzio 08:33

There’s definitely rotation going on into more of cyclical names. I saw notes by, and we get access to, to all these notes, uh, throughout, uh, you know, Goldman Sachs, JP Morrill, Southside Research notes. And you could see small caps are outperforming large caps, which hasn’t been the case. It was a wise description and valuation between those two in 25 years heading into this year.

Frank Curzio 08:54

Small caps are doing a lot better. Uh, but overall, you know, if you’re not in theright stocks, even though the market’s near highs, you could get crushed, especially if you’re in software names and things like that. We’ll talk about that. But Dan, let’s start with getting to some of these questions. And guys, once again, feel free to ask on X. We’re here for you. We’re gonna be here. We usually do an hour podcast. We might be here a little bit longer.

Frank Curzio 09:12

Last time we did this, we had a ton of people watch and I said, allright, let’s go a little bit longer. I’m here for you. No hold, but just whatever you wanna ask, ask. And what people have to realize if you don’t know Wall Street Unplugged is I tell the truth, which means I’m gonna probably offend a lot of people ’cause people don’t wanna hear the truth. But we have nobody above me,right? The boss name is on the door.

Frank Curzio 09:31

So, you know, we don’t have to follow the same rules as everyone else. So what we do is we tell the truth. If someone’s full of shit, we’re gonna say they’re full of shit. If someone’s real, if we like these companies, we’re gonna tell ’em that, tell you I like the companies, that they’re researching ’em. But, uh, you know, go ahead. Let’s shoot. Daniel.

Daniel Creech 09:44

Yeah. The only person to kick us off is Musk and he’s not listening. If you are, shout out to Musk.

Frank Curzio 09:49

He had a great, uh, he just, but that, did you see that conference, by the way? We could actually start there. Did you see he was at a conference, um, I think last night or, or yesterday talking about robots. Guys, definitely take a look at it. I mean, it’s kind of under the radar. And he was talking about how, I mean, it’s gonna replace, um, doctors. No, doctors. Like, don’t go into the medical field.

Frank Curzio 10:08

He said, don’t go into the medical field. You gotta be a doctor. He said they’re gonna be, uh, he went, we’re two years away. Uh, robotics are gonna take, uh, I don’t know, I forgot the percentage. A massive, massive amount of, much more than people. I mean, he was coming out with stuff that’s just starting to get printedright now. And, you know, it was pretty crazy with a lot of stuff he said.

Frank Curzio 10:23

Again, he’s talking his book, but it just goes to show you, you know, the AI capabilities and what’s out there and what’s coming where we haven’t even scratched the surface. We’ll cover that in a minute, but let’s get some of the questions.

Daniel Creech 10:32

Allright. Well, coming in hot here, Frank, markets are volatile, pulling back. What’s the number one risk that could derail or crash the marketsright now?

Frank Curzio 10:40

Uh, the number one risk is deflation.

Daniel Creech 10:44

Oh.

Frank Curzio 10:45

Probably haven’t heard that word in a while. So look, Dale and I cover the, the economy and I know the economy’s really boring for a lot of people. We try to make it fun ’cause it revolves around anything. Your neighbor’s getting a new car, they’re farming, getting Mercedes. How much milk costs, uh, prices, school tuition, like trustee prices going up.

Frank Curzio 11:04

I mean, when you, when you look at that, I just wish that, you know, the professors in economics taught classes like that because it’s all around you. It’s real world and you can really gauge the economy. Everyone can, but, and you have access to real-time data where a lot of the data that we look at is, is lagging for sometimes three months or at least a month. Uh, when it comes to the CPI, it’s the worst gauge in the world. It’s a piece of shit gauge that,

Frank Curzio 11:23

that’s kind of like made up out of thin air that’s been revised 32 times in 25 years. And the reason why it’s been revised and you ever wonder why CPI, if you’re looking at, you know, pre-COVID,right? We, we inflation for that 10-year period, uh, was around 2%, say, and all of us felt like it was much, much more than 2%.

Frank Curzio 11:43

Our prices were going up like crazy. That’s because they have rental income and real estate as a major component, which is 30% rentals. You’re like, why would rentals be such a big component? ‘Cause rentals usually don’t go up a lot year over year if you look back at history,right? They’re like 30, 40 years. However, that changed during a credit crisis where rentals all of a sudden started going up 7, 8%.

Frank Curzio 12:01

And then we injected, you know, we closed the economy and we injected 5 trillion into the markets. Fine. Right. We closed the economy. We didn’t know how bad COVID was. But then at the end of 2020, we had the vaccine. Every asset class was at all-time highs. And what did our government do? Inject another 7 trillion into the markets and all the economists are like, no, we’re not gonna get inflation. It’s gonna be transitory,right? Inflation went through the freaking roof.

Frank Curzio 12:23

Now, when you look at the inflation gauge, Daniel and I look at something called, uh, what is it? The real inflation.

Daniel Creech 12:29

True inflation.

Frank Curzio 12:29

True, true inflation. And it’s a really good gauge. It’s real-time. I don’t know if you have that numberright now where it is, the true inflation number, ’causeright now you’re looking at what? 2.3, 2.4, 2.5, wherever it is, you know, over the past couple months of inflation, it has come down off at three. Um, it might even be like 2.6, 2.7. Where is the true inflation indicator?

Daniel Creech 12:48

Yeah. You’re talking BLS, Bureau of Labor Statistics, is showing about 2.7 most recent reading. This is more up to date on true inflation. It’s showing spot 78, 0.78, Frank. Now that’s the rate of inflation. So we’re not saying that it’s deflation yet, but prices are increasing a lot less than what you have some other data telling you.

Frank Curzio 13:07

Now, why is that number going down? And this is what’s key because we just experienced, uh, you know, one of the craziest things in inflation and people are like, well, it’s coming down, but it’s, it’s still up tremendously,right? We’re talking about 30, 33%. It’s up over the past five years and it keeps going up 2.5, 2.73%,right? So it didn’t come down,right? It’s gone up and it keeps going up.

Frank Curzio 13:27

Now, what does that mean? When you’re seeing this inflation go higher and higher, a lot of that is due to these companies saying, okay, we have higher costs and we have to raise our prices. When you’re seeing this inflation gauge go below 1%, it means that the customers are saying, F you, I’m not paying these high prices anymore. And that’s gonna result in you’re seeing crashes in, in companies like Chipotle,

Frank Curzio 13:46

companies like, like, you know, retailers, uh, companies that had all this pricing power that they don’t have anymore. And AI’s impacting a lot of that. So the biggest risk to me that I look at is more on the deflationary front. If we don’t see inflation, what’s gonna happen? We’ll get a lower rates. That’s fine. But just because you lower rates, it takes a long time for that to filter into the economy, uh, which is gonna be good for,

Frank Curzio 14:06

for the overall economy, but, and, and maybe spur more demand. We do have a government, every single government, I don’t care who the president is, they’re all gonna spend a shitload of money no matter who’s there. I don’t care what side of the aisle you’re on. We’re not gonna talk, you’re gonna get into politics, but it doesn’t matter which side you’re on. We’re gonna try to make you money. But the deflation aspect, I think nobody’s talking about is people are like, I’m done paying these high prices.

Frank Curzio 14:25

And if you, Dale and I look at quarterly earnings all the time, and if you look at them, a lot of these companies are beating earnings and they’re not being earnings because they’re seeing more traffic. They’re actually losing out and they’re actually beating earnings because they’re raising prices,right? And that’s like the unit cost and how much people pay per check,right?

Frank Curzio 14:45

And, and you know, that’s what you’re seeing now that you cannot raise prices anymore because it’s hurting business. That’s gonna mean less profits. It’s gonna mean more jobs are gonna be laid off, even though we had a decent jobs number just now. Uh, so for me, it’s deflation, which is insane. People might be saying, well, that’s crazy. But the fact that the true inflation is well below 1%, nobody talks about that,right?

Frank Curzio 15:04

They’re just like, wow, this inflation, inflation’s good as long as it’s contained and you go in two, 2.5%, that’s not a bad thing,right? Uh, especially with government spending. But that’s my biggest fear is deflation and that’s gonna hurt a lot of companies because they’re losing pricing power. And if they lose pricing power, uh, that means people are not buying as much goods. They’re not gonna pay that much.

Frank Curzio 15:23

They’re gonna go to competitors. And you, that’s what’s driving, I think, a lot of the markets here. We saw Lyfts come out and say that, uh, you know, less traffic than expected. Uh, tra and Spotify as well.

Frank Curzio 15:34

The, the traffic trends to Spotify, if you look at what they said in the conference call and how AI’s gonna impact, that’s why I forgot who downgraded Spotify today, saying AI is really taking a lot of the growth away from Spotify in terms of, you know, live music and, and, and, and, you know, just taking a, a, away a lot of that traffic. So, uh, that’s my biggest fear that I feel like no one’s talking about.

Frank Curzio 15:54

Everything else, I think it is okay. Yes, we have fears of, uh, geopolitical risk, but it seems like Trump always makes a big deal about it and then’s able to sign deals and do theright thing. And, uh, so I, I’m not crazy. You know, I don’t think that’s like a major, major risk that we’re gonna see a major war or anything, but deflation is real.

Frank Curzio 16:11

I think that you’re seeing more and more companies that I’m listening to conference calls and I listen to all these all the time. That’s my biggest fear. And I’m seeing that. And the companies who are saying, hey, we don’t really have pricing power, they’re not saying that. They’re just saying, well, traffic’s declining a little bit. Those are the companies that still could go down 15, 20, 30%. Some of ’em are already down tremendously, uh, which we’re seeing also across the software sector.

Daniel Creech 16:31

Quickly for me on this true inflation that we follow and showing 0.78%, just a drastic difference between the BLS reported number. And what Frank and I like to talk about here is this conversation and why isn’t this more of a broad-based conversation? Frank, how can you have this gap? And it looks into the collecting of data and all that kind of thing.

Daniel Creech 16:49

And one of the things that I think will be one of the upcoming changes at the Fed with new, uh, with a new chair and Kevin Warsh, if he’s nominated, will be this kind of collecting of data and looking at data. Frank, don’t you think it would be a valuable conversation for a lot larger audience, maybe on X or wherever, to talk about the differences in gathering information?

Daniel Creech 17:09

So you have one, the BLS does surveys and a lot of assumptions. Uh, Jeffrey Gunlack was even talking about how 20 to 40% in some cases could just be estimated when you get these numbers. And yet true inflation is trying to use blockchain, not trying. They are doing it. You can read about ’em on their website. They are using blockchain technology real-time.

Frank Curzio 17:27

Mm-hmm.

Daniel Creech 17:28

Hundreds of thousands, if not millions of items over thousands of customers and stuff. So why isn’t that kind of efficiency more talked about when you’re talking about, you know, when we’re post-DOGE and all this money-saving stuff? I, it, it kind of drives me insane, but we wanna get that out there. So look at true inflation, read about it.

Daniel Creech 17:44

I’ve seen people post a lot about it, but 2.7 to under 1% has got to be worth getting attention to.

Frank Curzio 17:50

And, and look, our politicians on both sides of the aisle are assholes,right? And, and that’s the one that, that try and make us fight and go crazy. You watch the, the, these channels and they just, it’s just so much hate and everything,right? And, and I think most people, I think, are in the middle,right? And believe in whatever side you are, Democrat, Republican, and, and you know, you don’t hate the other side and they teach us how to hate. But when you have, our system’s really broken,right?

Frank Curzio 18:12

It’s, it’s supposed to be a democracy and, and it’s not,right? When you have the people, uh, in charge, uh, that actually make the laws, they’re never gonna change the laws. They’re not gonna change the laws on term limits. They’re not gonna change the laws with any of this because it’s in the current administration, whoever they, their best interest is to have a gauge that they look at, whether it’s CPI, PPI,

Frank Curzio 18:30

that shows there’s always gonna be much less than, than, than it should,right? So, you know, and that’s what happens. But now they’re tracking it and you’re seeing it a lot lower, which they’re not really expecting. This is the first time you’re seeing like inflation, like that, that true inflation number really drop,right? This is the first time we’ve seen it in a very, very long time, probably like 20 years,right? That we’re seeing this outside of like, you know, COVID and,

Frank Curzio 18:49

and, you know, a crazy one-year event, stuff like that, and credit crisis. But, uh, you know, so it, it’s not in their best interest to change anything,right? It’s, it’s, hey, how do we have a gauge that we could look at where we could always, almost always have easy monetary policy? And, and that’s the way they do it. Now they could be really easy. I mean, the jobs report, the reason why the market is down today is because it’s a good jobs report,

Frank Curzio 19:09

which suggests that maybe the Fed’s not gonna cut sooner because they wanted to see, you know, a more weaker labor market, which is one of their initiatives. The other one’s inflation. Inflation has come down tremendously and they’re feeling, well, you know, stocks are at all-time highs, pretty close to that. Uh, you know, the job market is solid. Uh, inflation’s in check. Why do we need to touch rates? And, you know, without that going into 2026,

Frank Curzio 19:29

you know, I could see why the markets are pulling back, uh, a little bit today, uh, on that jobs report. Definitely on the jobs report. So markets were up early before that report came out, which I think beat the estimates. It was like double the estimate. So.

Daniel Creech 19:40

Yeah, absolutely.

Frank Curzio 19:40

Mm-hmm.

Daniel Creech 19:41

Allright. We’ll move on. Uh, big ticket item, AI, Frank, is the AI trend dead?

Frank Curzio 19:46

Is the AI trend dead? I get this all the time. I love it because we’re seeing AI, few AI stocks pull back here and there. Um, Joe, I want you to pop a chart. Uh, and, and, and this is from Morgan Stanley. I think this came out yesterday. We have access to a lot of this research. So if you could put the Morgan Stanley, the, the AI CapEx estimates, uh, up. And, uh, when you look at this chart, look at this.

Frank Curzio 20:08

So these are the six largest hyperscalers. And if you look at their spending, try to highlight it. So that’s 437 billion in 2025 and 740 billion is from the estimates that they just reported. They just reported earnings. And we saw Google, if you look individually,right? And we don’t have to look at that in this chart’s a lot going on,

Frank Curzio 20:27

but individually showing by the colors, like every company’s represented a color of how much they’re increasing their CapEx spend to AI. And when you look and go from 437 billion in 2025 to 740 billion in 2026, okay, that is what? 110% increase. And then look at 2027, which are the projections.

Frank Curzio 20:47

Uh, you’re looking at, I, I mean, 185 billion with Google, uh, 200 billion was Amazon.

Daniel Creech 20:56

200.

Frank Curzio 20:57

So when you see this type of spending taking place and people are saying, well, there’s a bubble and it’s gonna burst. Listen, I, I cover the markets for 30 years. Allright. And I gotta tell you, bubbles burst when you have this massive, massive demand and then everyone’s trying to like catch up and say, holy shit, let’s create products and services or whatever. And then you have this massive supply. And when you have the massive supply that outstrips demand, then prices start coming down.

Frank Curzio 21:18

And that’s when the bubble bursts.

Frank Curzio 21:21

Demand is significantly still outpacing supply by miles and miles and miles and miles. So if, if you’re looking at how much is being spent, this is real money. And if you wanna look at AI, who’s gonna benefit from that money? And, and there’s a lot of different players here. And some of ’em may be overvalued or whatever. You look at the chip companies,

Frank Curzio 21:40

this money, if you’re spending more on AI and data centers has to flow through the chips. Nvidia, AMD, Nvidia’s already made its move. I know it’s kind of been flat for a while. You have Nvidia, you have Broadcom. Those are three main ones. You have ASML that’s doing well. Uh, you know, and, and a couple of this catching up. Uh, and when you look at the spending, what about data center growth,right?

Frank Curzio 22:01

So you look at data center growth where, you know, you have GV, if you wanna pull that up, Joe, I mean, these companies are still pretty much on fire. So you have, I mean, 834 is a 52-week high. Oh, that’s pretty much all-time highs. 822. You look at Vertiv, VRT is up 20% today.

Frank Curzio 22:20

Last time I looked, let’s see how much it’s up now.

Daniel Creech 22:22

Really good earnings.

Frank Curzio 22:24

Blew out the earnings,right? So, you know, pretty much up 21% says the hell with the market. Doesn’t matter. We’re better than the market today. And that’s closer to its all-time high. You have Celestica, which is one that we took a 500% winner on that we recommended at 40. And we, we sold, uh, for over of 300, I believe. Uh, and this was a play I got because we have great contacts in, in data centers.

Frank Curzio 22:44

And they said, look, there’s no switches. Nobody has switches in data centers. This is like, like two years ago. So switches, a, a good example would be like not having PVC pipes. So you can’t move into your house without them,right? You could build a whole house. You can’t,right? You gotta build, you have to have PVC pipes. And everyone was fighting to make these switches, the Ciscos and stuff like that.

Frank Curzio 23:02

And this is a company that said, hey, we made ’em fascinating. We have the best switches out there. And once they did that, they have incredible pricing power. And what do these guys do when they need something? We know,right? Look at the energy trend and how much they spend. And they spent tens of billions of dollars and said, we’ll take ’em all. And these guys had unlimited pricing power. And this is a stock that shut up tremendously. We recommended at 40. Uh, you know, I think it was like a year and a half ago,

Frank Curzio 23:22

uh, two years ago maybe. And then, you know, we sold for a 500% winner in an AI newsletter. Uh, when the, you’re seeing the money and the spend of the hundreds of billions of dollars, it has to go someplace,right? So maybe you’re saying, okay, maybe not the hyperscalers. Allright, fine. Uh, they’re starting to take out debt. People are worried. Fine. Okay. Maybe avoid the hyperscalers. That’s okay. We’re seeing what’s happening with Oracle,right?

Frank Curzio 23:40

And, and their debt rating. Uh, but this is money that’s flowingright into these guys. Uh, so for me, when I’m looking at where is this going, the, the biggest trend that you will see here, and I’m spending some time in this here because it’s important, is energy. Now, I studied this trend and I could tell you, I don’t think anybody’s gonna tell you or know more about this trend than me.

Frank Curzio 24:01

And I’m not saying that to be arrogant. I’m just saying I fucking studied this to death, okay? Because I’m fascinated. And when I look at the statistics, and Joe, I want you to put up a couple pictures for me. I want you, first I want you to do the agentic AI one if you can. So if you’re looking at some of these models and, and we all heard that, okay, the Google search is 0.3 watt-hours of electricity.

Frank Curzio 24:21

And then a single chat, uh, GPT query is 25 times more power. A lot of the models are modeling on that. However, now we have agentic AI. And when you look at agentic AI, what’s agentic AI is having these bots. And now they’re more interactive and now it’s autonomous,right? So now you have, they’re actually thinking, they’re, they’re responding, they’re, uh, they’re learning,right?

Frank Curzio 24:41

And they’re teaching. They do this autonomously. 70 times, 79 times more power than large language models. When I’m looking at these models, and this was from a year ago and two years ago when I really started digging into the research, they did not, they did not have enough electricity then. And now look at the massive increase.

Frank Curzio 25:00

Bring up the chart again of, of the spending, Joe, all the way on theright. I mean, these guys are increasing spending. So in 2024, 2025, I was like, they don’t have enough energy. This is when they were, they were gonna ramp up to $300 billion. Now it’s $740 billion,right? So, so when you look at this, and I wanna show a picture just to show,

Frank Curzio 25:20

and this is the estimates on, on the AI. This is the gigawatts, Joe, if you wanna bring that up. This is important to understand ’cause I like what these guys did. These guys are called, uh, uh, Rand. Now looks like a lot’s going on there, but Goldman Sachs’ estimate for the gigawatts that we’re gonna need is about 75 extra gigawatts.

Frank Curzio 25:39

And this is just for AI. So this is to host all AI chips. This is including agentic AI. If you look at McKinsey, who follows this as well, they’re saying a hundred gigawatts. If you look at these guys’ estimates, Rand, they’re saying you’re gonna need 327 by 2030.

Frank Curzio 25:53

Basically, you’re looking at Goldman’s estimate at 75 is the same estimate Rand’s coming up with for 2026 as their estimates for 2030. We do not have enough electricity. We do not. Uh, and, and you could see that by some of the deals that these crazy guys sign when it’s to Microsoft’s and they’re signing deals for Three Mile Island, which is not gonna open for another five years.

Frank Curzio 26:13

And even if it does, I don’t know how they’re gonna get local, state, federal approval. Even if they do, then once they launch that, they sign a deal 20 years after that for that electricity. Uh, you’re looking at, you know, the best plays on this. And I’ll give you guys a, a couple of, uh, great picks here. I mean, you look at Cipher Mining, CIFR. If you look at that chart, these are Bitcoin miners.

Frank Curzio 26:34

All the Bitcoin miners are basically fucked, okay? ‘Cause Bitcoin’s getting crushed. They’re, they’re selling the ant miners for like half price. I mean, that’s an unscalable trend, meaning that you can’t really scale, uh, Bitcoin mining because you have to spend more. You have to spend more. You gotta find more electricity, which, which costs more. So you have to spend more to make more,right? So you can’t really scale it. And now they’re realizing we’re sitting on this massive asset,

Frank Curzio 26:53

which is energy and gigawatts of power, that the hyperscalers are in dire need of, especially with the massive increase in spending. Uh, and these Bitcoin miners are transitioning from tier one to tier three. So tier one is Bitcoin mining and tier three is AI. And when you look at Cipher Mining at 16, still down from $25,

Frank Curzio 27:13

but Google and Amazon signed mega deals with this company. Terra Wolf’s another one, WULF. Uh, that’s near a 52-week high, $10 billion deal for 25 years through Google. So if you’re looking at these, these companies, we have one that we mentioned, and this is one of the ones I was gonna give away called, um, DG Power X, DGXX.

Frank Curzio 27:33

This is a company that we started recommending around a dollar, a dollar 20, a dollar 30 around there. And then it went, you know, to six and it pulled back a little bit. I think this is an incredible opportunity. These guys are sitting with, uh, 250 megawatts of power. Um, even more than that when at full capacity. Uh, they just signed, uh, the former CEO of Verizon,

Frank Curzio 27:53

who was like an infrastructure guy, which is great. The key to DG Power X and the key to some of these smaller names in this space is they have to sign with a tier one client. Once they do, then it’s legit. That’s what happened with Cipher Mining. That’s what happened with Terra Wolf. Uh, DG, uh, XX is in that process now. Once they sign that deal and they’re talking to a lot of these people’s,

Frank Curzio 28:12

uh, you know, I’ve interviewed the CEO, uh, uh, Michelle on my podcast, Wall Street Unplugged podcast. Uh, I think they’re pretty close to signing a deal. I’m speculating, I’m guessing, but I know that they’re in those conversations because these guys are in dire need of power and they’re trying to find it and they’re writing checks for like $10 billion as if, you know, I just handed you a dollar,right?

Frank Curzio 28:31

Which is crazy. Stay away from Marathon and Riot. These are the shittiest names in the industry. They destroy shareholder value. These guys with their Bitcoin mining facility, you gotta see, I, I mean, they diluted shareholders, kept the Bitcoin on balance sheet. Now they get wrecked with Bitcoin. These guys are saying that they’re transitioning over. But if you wanna know how bad these companies are, if you look at Bitcoin over the past five years,

Frank Curzio 28:50

even with the recent selloff, Daniel, Bitcoin’s up 40%. If you put up a chart of Mara NextStep, Mara’s down 80%. Oof. Riot’s down 70%. These are guys that destroyed shareholder value. They constantly are, are issuing more shares to buy more Bitcoin. That was all fine. If you think Bitcoin’s gonna go higher and higher forever and ever and ever, now Bitcoin retraced what?

Frank Curzio 29:10

45, 50%, which is giving you an opportunity to buy some of these names. Stay away from Riot. Stay away from, uh, Mara. Cipher and Terra Wolf are better plays. DGXX is probably the speculative play. That’s a better name. And I’m working with another company that I’m going to release to my shareholders and, and, uh, basically to, to my Kersia One members, uh, shortly, which has a $40 million market cap.

Frank Curzio 29:32

And they’re going to have about 300 megawatts plus of power. It’s a name that probably nobody heard of because they went into other things within power that they kind of got screwed due to policies within EVs and then in also in solar,right? When we, we now have the subsidies. But this is where I’m looking. If you want the easiest five to 10X gains over the next five years,

Frank Curzio 29:51

look at some of these Bitcoin miners because they’re sitting with an asset that the hyperscalers are in dire need for. And they’re probably in negotiations with a lot of these guysright now.

Daniel Creech 30:02

Solid. That was good because we’ve gotten a lot of questions on Digi Power, DGXX. So that’s a popular stock.

Frank Curzio 30:08

And one quick note on, on AI, guys. Listen, for those of you who think this is in a bubble and someone’s been doing this for 30 years, I’ve never seen this before. Okay? Usually when you have a trend, you look at the scalability of a trend and you say, okay, the scale, scalability is, uh, you know, limited to your total addressable market,right? So your TAM.

Frank Curzio 30:27

And, and say if you have a $300 billion TAM and you wanna capture 20% of the market, that’s how you model,right? I don’t wanna get too complicated here. So when you look at, say, iPhones,right? Oh my God, we got a great product. Apple has a great product. Okay. Now we wanna scale it. Allright. You’re gonna scale it. Basically, say 8 billion people in the world, subtract 30% of that for, you know, people who can’t afford an iPhone, older people and children,right?

Frank Curzio 30:48

Who, who are like, you know, less than 12 years old. And I have an iPhone, most of them. Uh, and you say, okay, that’s the amount of people,right? You could see the trend. You could see the scalability,right? AI is the first trend I’ve ever seen that has infinite scalability where we can’t see the end of it yet. Meaning that the productivity gains are increasing more and more and more.

Frank Curzio 31:09

And everyone’s saying, you know, Frank, why the hell are these idiots spending $200 billion? By the way, these are the smartest people in the world,right? That work for these companies that are getting paid hundreds of millions. Smartest people in the world. I think they kind of know what they’re doing. They’ve been through ups and downs. They’ve been through boom and bust cycles,right? Why would they spend so much money? Well, if you look at AI, Dan, you look at, at Google, I thought Google was not dead going outta business,

Frank Curzio 31:30

but I just thought it was a dead stock because AI impacts search the most. And that’s a bulk of their revenue. And this is about a year and a half ago. We wound up recommending Google. They came out with their large language model, which is the LM, which is, uh, Gemini 3.5, which is the best of the best,right? And that’s based on independent, you know, leaderboards who track this stuff, which you guys could all, all look at,right?

Frank Curzio 31:51

That’s based on, on, on what they say, uh, in terms of coding, in terms of everything. And they came out with a model. And what happened to Alphabet stock in a year? It increased its market cap by over a trillion. And I think the next company to do this is the one spending the most money is going to be Amazon. And I think Amazon’s the next one where,

Frank Curzio 32:11

I don’t know what the market cap is, probably two little over 2 trillion. That’s gonna be well over 3 trillion, 3.5 trillion for Amazon. I think that’s the next step. That’s why these guys are spending so much money. Because people say, well, you’re not really seeing the benefits. Really? You, you have to Google some of the benefits.

Frank Curzio 32:26

I mean, a trillion dollar market cap, if I had to guess, it’s probably more money than the market cap of the bottom 200 companies in the S&P 500, maybe more. Okay. And they added that in a year. And now one of the biggest companies in the world in terms of market cap, along with, I think they have 4 trillion or close to that, along with Apple and Nvidia. But now you have Amazon, you have Meta, which is smaller market caps where a trillion and a half,

Frank Curzio 32:46

2 trillion or whatever. This is why they’re spending so much money. The companies that get thisright, it’s absolutely massive to these guys. And so for you guys who think this is in a bubble, you don’t see the amount of spending that’s taking place. This is real money. And yes, they’re gonna tap the debt markets or whatever, and maybe you don’t wanna buy the hyperscalers, but we just gave you a bunch of names that make a lot of sense that this money has to, has to, has to flow down to.

Frank Curzio 33:06

And we’re talking hundreds of billions. I mean, you’re looking at Amazon is spending more money than the total addressable market of the cancer,right? I think it’s like 2, 220, 230 is spending $200 billion. That’s like the total addressable market for the cancer treatment market,right? That’s how much they’re spending in the fricking year.

Frank Curzio 33:26

So when you see though, when you’re going to see this really tail off, and you’ll see it especially in a company called Taiwan Semi. Taiwan Semi, I think yesterday, the day before, they, they break down their monthly sales. Uh, they came out with their monthly sales for January. It’s up 20%, not year over year from last month.

Frank Curzio 33:44

So if you’re going to see a slowdown and you wonder when a bubble will burst, you look at Taiwan Semi ’cause all the companies go to these guys to make the chips. They get it first. Once they make the chips and they give Nvidia, Nvidia sells to their clients, sells to hyperscalers, blah, blah, blah. Hyperscalers pay for data centers, infrastructure, blah, blah, blah. And all, but it all starts at, at Taiwan Semi.

Frank Curzio 34:03

And Taiwan Semi, not only did they come out with their numbers and it’s like $400 billion, uh, which is incredible, which they’re gonna do like, you know, trillions in, in sales. This comes on them reporting insane earnings last week where they raised their CAGR, which is compound annual growth rate for AI by 15%. Okay.

Frank Curzio 34:22

If you have a fit, and this is through 2030. So if you have your compounded annual growth rate, your CAGR, if you have just that 15%, you’d be the happiest person in the world. These guys raised it by 15% to 50%. Okay. That’s the growth that they’re seeing. It’s massive, massive growth. One more chart I wanna put up there because we get lots of questions on AI really quick.

Frank Curzio 34:42

Uh, Joe, put up the Mag seven and, and, and stocks. This is pretty cool. So if you’re looking at this on a, on the left-hand side, the tech forward 12-month sales growth, look at what’s going on with sales. That’s pure growth. This isn’t earnings. Earnings, you could fudge, you could cut costs. There’s millions of things, millions of ways you get earnings up.

Frank Curzio 35:00

That’s why people use EBITDA as a much better measure. Look at the sales and earnings are, are going through the roof. But look at what sales are doing for these, and this is the tech sector. And then when you look on theright, it’s the forward PE. Notice how it’s going down. I mean, it was much, much higher,right? It was, what was it? 32, 33 in October. And now you’re looking at it going at 27.

Frank Curzio 35:20

So people were telling you that the market’s expensive and, and these guys are gonna crash. What’s happening now is these companies have pulled back while their earnings have absolutely surged, which means your PE ratio is gonna go lower. So you can’t tell me these stocks are expensive. One, they’re growing like crazy,right? You’re seeing all the growth statistics, uh, statistics. You’re seeing the spending grow.

Frank Curzio 35:40

You’re seeing it through Taiwan Semi. You’re seeing it,right? And, and we’re not biased here. When we see it change and we have great contacts throughout like the billing data centers and the AI space, we’re gonna hear it there first and we’ll let you know. Butright now there’s nothing, nothing, nothing at all suggests that this is a bubble or it’s anywhere close to popping. And based on history, and I’ve been covering this for 30 years,

Frank Curzio 35:59

you usually see the spending slow, supply outstrip demand. Supply’s not even close to where demand is. Demand is so strongright there. And interesting to see that the Mag seven, which probably account for 32% ASP 500, they’re cheaper now, much, much cheaper. I mean, you’re looking at probably a 15, 20% discount to where they were four months ago.

Frank Curzio 36:19

So if you think they’re expensive now, you must’ve thought they were really freaking expensive four months ago, but they’re not expensive. A lot of these stocks are actually cheap when you’re factoring in their growth and they’re growing like weedsright now. So when that trend changes, we’ll come back and say, hey, watch out. Butright now, if you’re looking to get in Bitcoin miners, play to energy, uranium’s a great play as well.

Frank Curzio 36:37

We’ll have some questions on that. But I just wanna cover this extensively ’cause we get lots of questions on this. And I feel like people just say whatever the hell they want on social media. We look at the data, we look at the stock, at the stats. You wanna look at bullshit, look at bullshit. For us, we put our money behind this. So for me, I’m putting my money in a lot of these AI stocks that, that have pulled back. And, uh, I think we’re gonna see the same thing which you saw last year when AI pulled back, providing a great opportunity for everyone.

Daniel Creech 36:58

Switching gears a minute from AI, this could also bleed into it. But favorite rare earth stocks, you like USAR, you like MP. What do you like in the, uh, Trump?

Frank Curzio 37:09

It’s, we just posted something on rare earths and, and, uh, you know, with Trump and, uh, we post a lot on, on, you know, on X and that one really took off. It got over 300,000, you know, hits. And, uh, you know, when I’m looking at, at, you know, this particular sector, we need rare earths,right? We need rare earths because they’re in just about everything.

Frank Curzio 37:28

And we have China who controls the rare earth market, which, you know, on purpose. And they control it because they don’t worry about environmental concerns and processing and, and, and all this stuff. And that’s the, the hardest part of rare earths. That’s why we never really, you know, explore, explore it,right? Just like uranium, like uranium goes as high as you want. In the US, we, we have one plant that processes this shit and that’s in one of the worst liberal states.

Frank Curzio 37:48

And it, it’s six, 70 years old, one plant, Illinois. So, you know, now we’re looking to build other plants. Now US becomes, you know, major when it comes to uranium. Butright now they just have to sell uranium to electricity and then they’ll refine it in whatever way they want and go to whatever company to do that.

Frank Curzio 38:02

But, uh, you know, when you’re looking at, at rare earths, uh, I think that this is a sector that does have tremendous opportunity because, you know, rare earths, and this is the whole mining industry in general. Uh, you look at USA Rare Earths, MP Materials Trilogy, uh,

Frank Curzio 38:21

these are all stocks that, uh, you know, Trump took a stake in, our administration took, took a stake in. The biggest risk to these companies, Daniel, what would you think the biggest risk is to, to a lot of these, these mining companies? I mean, if you’re looking at them when, when they’re all like producing or they try to produce, a lot of these aren’t producing. I think MP is producing, which is MP Materials. But the biggest risk to these guys is the funding,right? Because they’re not generating.

Daniel Creech 38:44

An answer. I was gonna say politics.

Frank Curzio 38:45

Yeah. But, but you know, it’s, it’s the funding part where, you know, you look at these mining stocks where they don’t generate any money. So, you know, they gotta dilute their stock, raise money. They wanna drill, always put out good news. And this way they can raise their stock price and do their offering as much as they can and raise as much money as they can.

Frank Curzio 39:04

It takes many, many years, a decade, even longer. That’s why one outta every 3,000 projects, the time they stick a flag in the ground, uh, becomes a mine. One outta a thousand. Think about that next time you go to a mining conference or a junior mining conference and it’s like 200 companies there, one outta a thousand actually becomes a producing mine.

Frank Curzio 39:21

Now that you have rare earths where they got a $1.3 billion loan for the governmentright after that, now you have private investors coming in. MP Materials. And you have Trilogy,right? So, so, you know, when you have the government backing and saying, hey, we are gonna push this, you’re taking away the biggest risk for these companies, which is the funding risk. And now the private investors say, wait a minute, the government’s in this. We have government backing now.

Frank Curzio 39:40

Now we can invest in these stocks. Now you, and now they’re gonna get permitting done a lot faster. So, you know, you’re looking at these names where US Rare Earths, uh, put up a, a year chart, Joe, for, for that one. So you’re looking at it in October. That’s where you saw the massive spike,right? So you saw this massive spike and then it came back down.

Frank Curzio 39:58

And you’ve seen the same thing with MP Materials. You see the same thing with Trilogy. It had this big spike and then the sell-off, but they’re all up over a hundred percent from when the, the administration made investments in these companies. Right now these are good buys because you, these are stocks that you’re taking away the major risk. This is critical minerals, minerals to,

Frank Curzio 40:17

to, uh, or metals for, um, you know, national security reasons,right? That they identified on a, on a critical metal list, uh, along with uranium. Uh, you know, so when I’m looking at, at companies like this, the MP Materials, the Trilogy, and USA Rare Earths, uh, I would sayright now MP is more of the safer play, uh, bigger company.

Frank Curzio 40:38

Uh, Trilogy is more aggressive. Again, the stock was at dollars, 443. Yes, they went up to 11. It surged. Same thing. Look at October as soon as they took that deal. And of course, with their shorts, good luck. You probably sleeping on a park benchright now. Uh, that’s why you should never really short unless you’re a professional. You gotta be very, very careful, guys. Use ETFs, inverse ETFs or whatever. If you’re shorting, I mean, imagine you’re shorting Trilogy and, and goodbye,right?

Frank Curzio 40:59

Your wife just left you and you lost your, your house and your boat. So now this has come down tremendously, but it’s still up a hundred percent. Uh, these are really good buys in here because you might even see further investments. They’re gonna have a, a quicker process through permitting. You know, you’re removing a lot of the overhangs and the risks that come with mining. And this is a sector that’s on fire. And man, people love this, this sector. Every time we post on it,

Frank Curzio 41:17

we get so many hits, so many from people over here. It’s, it’s great.

Daniel Creech 41:20

Oh, absolutely. Yeah. Yeah. And, um, I think these are great trading opportunities. I think your headline risk is back in your favor. And what I mean by that is the next announcement, in my opinion, is not going to be, hey, we’re canceling this deal with this rare earth comment. I think it’s gonna be, hey, we’re bringing somebody else in or we’re upsizing our offer or these guys are gonna start doing X or whatever.

Daniel Creech 41:40

So I think I, I, I agree with you. They’re gonna be crazy volatile. They are at, uh, they’re gonna be kicked around by politics, but that’s the, that’s the life.

Frank Curzio 41:47

And remember, we’re, we’re soon, like the spending in AI, the increase in spending AI impacts these companies,right? More AI, more data centers, more critical metal’s gonna be needed,right? So, you know, as you’re seeing the spending in AI increase, uh, you have these macro tailwinds behind this industry, uh, which you really need when you, you know, I’ve covered small caps all my life.

Frank Curzio 42:07

You know, you need those tailwinds,right? What’s good for these companies? What are the catalysts,right? I don’t care where you’re trading at. You wanna see where’s the growth coming from? And these companies have tremendous upside potential with the government backing, which we talked a lot about, having Trump’s backing where, you know, you might be pissed. It’s socialists. It’s whatever. I don’t give a shit. Hold up a sign. I, I don’t care what you do, whatever, you know, whatever you wanna do.

Frank Curzio 42:25

I don’t give a shit. Just follow the administration because all these stocks, if you look at where Intel is, I mean, Intel was, was the worst stock in history. They missed every major trend for the past 25 years. And now they’ve more than doubled. Lithium Americas, you know, US Steel, Westinghouse, L3 Technologies. I mean, you know, now these rare earths, it’s not just that.

Frank Curzio 42:44

When you’re looking, when you’re in Trump’s circle and you’re seeing all these liberal companies that hated Trump switch and they’re supposed to switch, you gotta follow the current administration because when you’re bringing Boeing to the Middle East, you’re bringing Nvidia to the Middle East. When you bring these companies and you’re signing dealsright away, you’re like, hey, here’s, here’s Jensen Huang. You could talk to him. Oh, here, here’s Boeing. Here, you wanna order some planes? Here you go.

Frank Curzio 43:03

You know, so when you’re part of that circle, uh, you’re getting orders, you’re removing the red tape. And as an investor, that’s what you should care about. You could hate the fact that they’re taking stakes in these companies and say, oh, this is bullshit. This is America, democracy, all this shit, whatever. Hold up a sign. I’m just saying our job is to make you money. If you wanna make money, follow the stocks that are in Trump’s circle.

Frank Curzio 43:22

We’ve been saying it for 12 months. Got elected and we’ve done incredibly well buying the names that have surrounded themselves with Donald Trump. And, and, and, you know, and, and the next administration or same thing with, with Biden, you know, if you are part of that administration, you’re gonna get a lot of that red tape move. It’s very, very important. And that’s why you’re seeing the switch with Larry Fink.

Frank Curzio 43:41

He’s like, DEI everywhere. It’s a great, this is the biggest trend we have to focus on. This is the change you as soon as Trump got elected, gone. DEI, everything gone,right? So, so you know, they’re doing their job and they’re supposed to follow, you know, they’re supposed to do what they have to do. They run a business and you wanna be on theright side of politics. And, you know, you’re on theright side of politics. That’s great. But look at Salesforce.

Frank Curzio 44:00

I mean, Salesforce, Benioff’s back and forth,right? I mean, he was really against Trump, more liberal than he came out with Trump. And he said that they should have like the National Guard in San Francisco and everyone went nuts. Oh my God, Benioff’s an asshole. And now you’re seeing his employees come out and say that we want you to cancel the contracts with the government for DHS.

Frank Curzio 44:20

And this is his employees. So one, these are all the assholes that he allowed to stay home,right? For, for many, many years, which he supported,right? Uh, and I would, and they want him to cancel. I don’t think Salesforce is in, is in the position to cancel anythingright now because you wanna talk about disruption within AI. Look at the, the, the software companies.

Frank Curzio 44:39

If you follow us for the last two years, we said software companies are dead. Uh, the only one I would be buying here is Palantir, uh, on this pullback because they actually could come in and use AI on day one and change the whole landscape of the company, which they’ve proven. Uh, you’re looking at profits through the roof. They’re growing like a weed. Yes, it’s expensive. We owned it. Daniel, where did we own Palantir?

Daniel Creech 44:57

Around 25.

Frank Curzio 44:58

Yeah. So I, I mean, we rode that up and people were like, we’re taking half off though. But yeah, it’s been a good trade for us. And, and you look at Palantir and people are like, it’s trading a hundred times sales, 300 times sales. It’s a total addressable market. These guys’ total addressable market is massive. I can’t believe it’s 130. It was 200. Uh, this is a good pullback, but this, you can’t lump these guys in with the rest of the software market. Yes, they’re expensive, but their total addressable market is,

Frank Curzio 45:18

is, is bigger than all the software companies combined. Just like Netflix, you can’t compare Netflix to a cable company. Netflix is the industry. Everyone’s trying to be Netflix. Everyone’s trying to be Palantir. Their total addressable market is literally a trillion dollars. Okay. And they’re getting deals like crazy. It’s not just defense. This is the only company I would be buying on this pullback in the software space ’cause I think there’s a lot more trouble ahead for those companies.

Daniel Creech 45:39

Yeah. Not to, uh, beat a dead horse here, but if your argument against Palantir is its valuation, you are lazy. And that’s, that’s, that’s it. The conversation goes much deeper than that. You don’t have to buy it. You, you’re correct on the valuation, but you’ve been, you know, you, you’ll be correct forever as the stock continues to run. Frank, shout out to El Capitan on X following us.

Daniel Creech 45:58

Thank you. Central Ohio guy. OH, Frank.

Frank Curzio 46:02

Great.

Daniel Creech 46:02

Love Ohio people. He says Intel has been buying up his neighbor’s arms land area to expand. Getting calls all the time. A lot of people are already selling. If he does sell, get the top dollar, my friend.

Frank Curzio 46:16

That’s what I heard from Amir Nani too. You know, Amir, Amir Nani told me that too, uh, for UEC, where he was saying that, um, a lot of these companies are buying up all the land around these plants as well. Uh, so you’ve seen that and that’s no surprise. So, and, and, and good for Intel. Intel, you need a little help from the government, but finally now, you know, AI, you’re very late to the party of AI.

Frank Curzio 46:36

You miss phones, you miss cloud, you miss every major trend, but it’s nice to see Intel doing a lot better. And, uh, you know, the government’s made a lot of money on that position so far.

Daniel Creech 46:43

Yeah. You mentioned Amir. We’re getting a lot of questions. So, uh, Digi Power, obviously a big fan favorite on X as well as UEC. Frank, is it time to sell UEC?

Frank Curzio 46:54

You know, I just went to the Vancouver Resource, uh, Investment Conference and it was two weeks ago. And it was the first time I went like three, four years because I just hated the mining industry and I, you know, fortunate to cover all industries. Uh, I just, you know, wasn’t a fan. And now gold silver price is different. I mean, you’re looking at,

Frank Curzio 47:13

at the macro environment where you have factors that this might not be a cyclical industry. Now I wouldn’t say anymore. It might be more secular because you’re gonna see the government continue to spend. You’re gonna see this move to safety. You’re gonna see continuous central bank buying because they have to. It’s not gonna replace the dollar in seven lifetimes. So, you know, don’t go there. If it does, you know, everyone be getting raped in their houses and you got a lot more problems than that.

Frank Curzio 47:32

Uh, so it’s, you know, people are like, oh my God, it’s, it’s, you know, you get dollar’s gonna lose reserve currency status. Buy my newsletter. Yeah. Right. That makes sense. So, I mean, everything will absolutely crash. It’ll be anarchy and, and the United States won’t exist anymore. Uh, but they have to buy and they have to, they have to wean the social off the dollar a little bit because of Trump’s policies where,

Frank Curzio 47:51

you know, he’s pro US, everything within the US, uh, the tariffs that he could, you know, initiate whenever he wants. Depends on how he wakes up that day. So, you know, those factors are not changing with gold and silver. So, you know, when I look at gold and silver, you know, it’s just a, a fantastic market here going, going forward. And, um, you know, I think there’s a lot more upside in, in both of those.

Daniel Creech 48:09

Yes, sir. You, uh, mentioned Curzio One. Frank, got a guy asking a question about adrenaline. Explain what adrenaline is. And you gotta love this because they’re like, he hasn’t heard anything. Hell, they just had a show.

Frank Curzio 48:19

Adrenaline is a company that we invest in at a very, very low valuation and they are doing a tricking league. So that is, I didn’t know what tricking was at first. Uh, and apparently it’s massive,right? There’s, there’s so many kids that do this. And, you know, they twist and, you know, do karate. It’s almost like karate, uh, aerobics, um, almost like breakdancing type things.

Frank Curzio 48:39

And they compete against each other. And, uh, this league is very popular and we raised money for them at a low valuation. And, and they had their first event, uh, you know, and, and we said, you know, it was a small capital raise and we said, hey, based on these KPIs, if you reach, which is the amount of, of, of views, you gotta get a sponsor and you have to have this at a,

Frank Curzio 49:00

you know, have to get a venue, uh, that will raise like, you know, more money for you down the line. And they hit those KPIs in two weeks after we invested them. So, uh, we went to the event and this was at Resorts World. It was unbelievable. Uh, live, great. I mean, they, what a display. I mean, it was unbelievable. These guys, and I never realized how physical it was.

Frank Curzio 49:18

Guys’ knee popped out. Uh, these guys actually performed at my Curzio One Wealth Conference, uh, which was really cool. And, you know, they break boards. They do like three flips and break boards. Boom, boom, boom. It’s, it’s really crazy. I mean, the boards go crazy everywhere. It’s, it’s unbelievable. These guys are talking to Netflix. They’re talking to Spotify right now. They had their first event. They just signed a deal with, uh,

Frank Curzio 49:37

in LA where that’s where they’re gonna have their events going forward ’cause it was very expensive to do it at Resorts World. Now they locked in a, a venue that’s much cheaper that hosts, I think Kevin Hart and also Snoop Dogg. It’s a real studio. It’s awesome. And, uh, you know,right now they’re in Asia and they are signing deals like crazy. And, you know, they got a sponsorship. They had, I think that we,

Frank Curzio 49:56

we said they had to have, uh, I think it was like 20 million, you know, viewership, uh, uh, and, you know, impressions. They have 600 million impressions. Uh, they just met with top executives where, you know, looking at TV shows and stuff like that. But this is something we invested a $5 million valuation and, you know, it could easily be worth, you know, 20 times that,

Frank Curzio 50:15

uh, if they do get going and they are going and I love it. So if you’re looking at our Curzio One membership real quick, guys, this is a special membership for accredited investors. Uh, it has its perks where you get invest, you’re able to come to our conference. We had our first ever Curzio One conference in, in, uh, in November and what, a hundred, 25 people, uh, probably a billion and a half dollars in that room.

Frank Curzio 50:36

Uh, I interviewed 12 companies. I didn’t just go up there and let them, you know, speak and, and do their presentations ’cause everyone falls asleep. I know I’ve done it all my life, uh, going to these conferences. So I interviewed every single one of ’em and man, it was great. It was great. We had the entertainment of adrenaline, but we had a lot of our private companies there. We had Amir there. We had, um, uh, Luke Norman there from USA Gold,

Frank Curzio 50:58

uh, US Gold Corp. And, you know, both those stocks were trading around nine or 10 and they went up 60, 70% each, uh, since the conference. But, you know, that, you get invited to that, which was great. You know, people just checked their ego at the door. There was deals getting done. It was really, really good, good venue and everything at Pier 66. Uh, you get access to all of our products and services for free under one price.

Frank Curzio 51:17

But the most important part is you get access to private placement deals. And I know everyone out there is saying, hey, you know, we’re gonna open up this market. And I think it’s the worst thing ever because people don’t look, uh, at the details of, of what’s going on under the hood with these deals. And that’s what happened with SPACs,right? So SPACs was the biggest bullshit ever. You know, these guys just, just fucked every retail investor. And again, no one ever goes to jail on Wall Street,right?

Frank Curzio 51:37

Which is a shame. Uh, so they took these companies, real companies that had three, $400 million valuations. And by the time they did their pipe investments and everything else, they came outta the market and they all come up at $10 at like three, four, $5 billion valuations. And what happens is they were able to get outta 10, 9, 8, 7, 6, 5, 4, and they’re still making a fortune ’cause they’re renting a dollar, 50 cents, 25 cents while the retail investors, and that’s how Wall Street works.

Frank Curzio 51:59

Wall Street is constantly trying to find the best ways to fuck the retail investor because they’re the idiots,right? That’s how they treat them and they wanna suck all the money out. And if you think Wall Street’s not that bad, I describe it this way. If they took everything from you and they left you on the street with your sock, they would take the sock off and shove it down your freaking throat. That’s Wall Street. Okay. There’s no joking about Wall Street,right?

Frank Curzio 52:18

Billionaires wanna destroy billionaires. There’s no fun. There’s no like, oh, okay, we’ll back up. No, you know, billions at show, very real. Uh, and you know, when you’re looking at SPACs and what they did to people and wreck people and Chamath as well with Virgin, I talk about that all the time on podcasts. It pissed me off. You know, we’re all going to space. Everyone’s going to space. Everyone’s going to space.

Frank Curzio 52:37

This is a value play right now. And then, you know, he sold out for three, $300 million. Uh, I think in the thirties. Uh, do you have that Virgin Galactic, Joe? SPCE, I think it is. Is that the symbol? Where is it? Two bucks. Yeah. These guys sold like 20, 30. Branson sold for 300 billion.

Frank Curzio 52:57

Got to go to space for free. Uh, yeah. You know, it’s just a shit show,right? So it, it’s, it’s, and the funny thing is these companies, it’s almost like, I, I describe it this way as, as, you know, Stinker Bars is a great candy bar. You’re not gonna pay $50 for it. And that’s what they did with SPACs. So with the private market going on and what they’re doing, it’s so locked up now and a lot of the valuations have come down,

Frank Curzio 53:16

especially with private equity and things like that. Uh, you know, they’re sitting on these assets that they’re like, how do we make ’em more liquid? Well, you could tokenization. We’ll talk about that in a little while, which company’s on the forefront of doing that, creating their own platform, which I love. One of my picks, top picks today. Can get to in a minute. Uh, and they’re looking to just, you know, open up this market to where they’re just gonna sell retail investors anything and say,

Frank Curzio 53:36

hey, retail investors should have access to this. What we do with our deals is I’m looking under the hood. I’m helping construct these deals. So if someone comes to me and says, Frank, I wanna raise money at $30 million valuation, it’s kind of what adrenaline did. I said, you’re not worth, you’re not worth that,right? You, we’ll do 5 million. They’re like, 5 million. I’m like, you can go someplace else if you want. Right? So we construct these deals. You get into the same price that we do.

Frank Curzio 53:56

And we do about five or five to seven of these a year. But the contacts I build up for the past 30 years and the deals that we’re getting access to, we just closed a deal with Savvy, which is, uh, you know, Eric Golari, who spoke at our conference. Uh, he was fantastic. He, uh, had two exits, a nine-figure exit and a 10-figure exit. Benandbreakfast.com and another one, a hospitality space.

Frank Curzio 54:16

Now he’s created Savvy to, to, because the fees on Airbnbs and, and Verbo are through the roof. So he has like a no-fee platform, which is really cool for Savvy. And we raise money for them. Uh, and we raise, we do pretty well. Uh, we did one with Sugar Feener as well, a company that was actually selling the, you know, chocolate and gummies. The good gummies, not the gummies that we all want, uh,right now.

Frank Curzio 54:36

But they were selling at the, at our venue,right? At, at the, at our hotel, Pier 66,right? These are real companies who were able to get in these valuations. And now they just announced that they’re gonna go public in about, about, you know, three to six months. Uh, our next deal coming up is called, uh, Cafri. And I’m really, really excited about this name because it comes from a guy who, who’s from the,

Frank Curzio 54:55

the Slim Fast Fortune and, which is $2.5 billion. They sold, I believe, to Nestlé. And this is a company that, that’s using enzymes to take the caffeine outta coffee. When I first heard that, I’m like, horrible idea. I’m like, big deal. I mean, that makes no sense to me. Uh, and then I started learning about statistics and I realized how big this is. First of all, caffeine, uh,

Frank Curzio 55:15

if you’re looking at, at decaffeinated coffee is a major, it’s growing like a weed. The younger generation wants more decaffeinated products, uh, and also cold products, uh, believe it or not. Uh, the process of taking out the caffeine out of beans and coffee is one of the craziest processes in the world.

Frank Curzio 55:33

And I’ve been through this. I, I, it involves tons of chemicals. Uh, it’s a very dirty process. It’s very, very expensive. And now these guys with an enzyme could just put it in and, and take it out automatically. So you have companies like Archer Daniels, Nestlé, Hershey’s, every major coffee chain, uh, is talking to these guys and involved in this process ’cause they’re like,

Frank Curzio 55:52

holy shit, this is revolutionary ’cause it’s gonna save them tens to hundreds of millions of dollars during this process, which is what every company world wants to do,right? They wanna increase productivity, wanna lower their costs and increase sales. This lowers their costs tremendously. And now they have taste tests where not only is the caffeine coming out, it, they don’t sacrifice taste at all.

Frank Curzio 56:11

And I’m excited to be part of this company because this is something that’s a major, major deal. Because when I was looking at the demographics and you’re looking at the caffeinated market at 55 billion, they’re already in discussions with Pepsi, Nestlé, Pete’s Coffee, Starbucks, JM Smokers, Pepsi, uh, and they’re all interested in this technology going, holy cow. Are you kidding me? Like, and,

Frank Curzio 56:30

and then it’s gonna come down to like packets where you could just take it out yourself. We’re, we’re going through the whole bean process and it’s two separate types of beans. The cheaper ones, uh, require, you know, less money, but it’s like a chemical process. It’s almost like the same. It’s like paint thin remover. It’s like crazy. So when I look at this company and being the next deal that we’re doing, we’re getting at a great valuation. Uh, I did a lot of research on this company.

Frank Curzio 56:50

Uh, this is a great name. That’s gonna be our, our next name, uh, that we’re gonna give out, that we’re gonna raise money for. And you have access to Curzio One. It’s one price membership. Uh, it’s annual. Every year you get charged annually. And that gives you access to all the private placement deals, all of our products and services. The price of one is basically, you know,

Frank Curzio 57:09

I’ll, I’ll tell you, the price of one is $5,000 a year. And, and if you bought all of our products and services, it’s more like $20,000 we’ve sold that for. So you’re getting all of our products and services free anyway. But plus you get access to the conference and then you get access to all these deals. You have to be an accredited investor. Most of the deals are $25,000 minimum. Uh, but we do a lot of research on this and I’m putting my own money behind it.

Frank Curzio 57:28

So, you know, if I’m wrong, I’m gonna get hurt too. And I think people love when they’re following people who, uh, you know, have stake in the game. At least I do. I hate when people don’t have stake in the game. I mean, dang, you see it all the time news on the industry. This stock’s going up 60x in 10 weeks. Do you own it? No, my company doesn’t allow me to own it. Then why the F are you giving it away for? So it’s kind of funny. Uh, for us, I’m gonna lose, you know, I’ll lose money on these deals.

Frank Curzio 57:48

Just like you’ll lose money on deals. You’re coming at the same price and the same terms that I’m getting. So, uh, you know, it’s exciting. It’s growing tremendously. I opened it up to be even bigger because we’re raising around $3 million per deal, uh, on average, 2.5, 3 million. I wanna get that to 10 million.

Frank Curzio 58:02

But the deals that we’re getting now and the quality and the companies, again, I, we’re getting good deals and our track record’s really good in this because of the mistakes I made in the past, backing the wrong people, backing the wrong ideas, not understanding the terms of these deals,right? Uh, and you learn from that, you know, it’s, it’s humbling,right? You get your ass kicked. That’s how you learn in the market. You gotta get your ass kicked sometimes.

Frank Curzio 58:21

And, and in doing that, we have great sources that pitches great deals. And, uh, you know, we probably, I probably look at about 50 to 75 of these. Every company’s one wants to raise money, but we’re very, very selective in which companies we work with. We help dictate those terms. Uh, we do everything. We put everything in DocuSign. We walk you through the process. If you’re new, you get access to me personally,

Frank Curzio 58:40

my phone number personally to, to, you know, if you have any questions on these deals. So it’s a really good service and I’m happy it’s growing like a weed and we’re really excited. But Caffi’s the next, Caffi’s the next company that we’re coming out with and we’re gonna launch that, I think, next week. So thanks for asking. And adrenaline, lots of great news, lots of great news. Companies just, just kicking ass. And I talk to that management team, uh, probably at least every two weeks.

Frank Curzio 59:01

So. Yeah. When it comes to losses, Frank, misery loves company. That’s a good thing. Hey, Curzio One members only, October 25th, 27th this year, Frank, is our next conference. Going down there. Is it? I don’t even know. I’m telling you. That’s when it is. Yes. What’s the date? October 25th, 27th. Yeah, it should be. You’ll be there.

Frank Curzio 59:20

You’ll be allright. October 27th. Allright. I didn’t even. We’ll remind you. Okay. I guess that’s the date of our conference, guys. Yeah. Yeah. I don’t know. Slack. Don’t lie. I was Slacked. What do you mean? You were Slacked? Yeah. So right away, everyone’s like, that’s the date of it. I was like, okay, just, just somebody let me know. We get a chance so I could take off. Just give me a room. That was a really nice hotel. No, it was beautiful. That’s why I’m there again. So I’m Florida, Fort Lauderdale, Pier 66. Guys, get a chance to go there.

Frank Curzio 59:38

It’s amazing. Amazing hotel. Allright. Next question. You mentioned this earlier, tokenization. We’ll get into that in a couple of big picks. You got three stocks you wanna talk about, Frank, small caps, best ideas. How can you get in on tokenized gold? It’s a good question. Um, this company that, uh,

Frank Curzio 59:58

we discovered is called Streamex, STEX. Uh, I went to Vancouver to meet these guys, uh, and I was blown away. I was told like, you know, this person is, you know, the next Frank Giustra. ‘Cause Frank Giustra is in this stuff. You know what Frank Giustra? Frank Giustra is the GOAT. Uh, he’s a man. Uh, he’s the guy where you look at Rick Rules, the Quartermains,

Frank Curzio 01:00:17

the Maracatuzas, the Doug Caseys, uh, you know, the Ross Beaties. They, they call him. It’s almost like, you know, when Magic and Bird talk about Jordan, that’s how they talk about Frank Giustra. And Frank Giustra just took a 10% stake in this, in this company. Now, a lot of guys like that might take a stake and, you know,

Frank Curzio 01:00:36

whatever they do on outside and how many accounts they have or whatever, you really don’t know. And a lot of times I see it like with big investors like that and successful investors is a guy that, that built some great companies, you know, Lion Gate, just unbelievable. Uh, they go under the radar,right? They don’t want their name on stuff. He put his name all over this and saying, I’m buying this thing. Uh, Streamex is at 278right now.

Frank Curzio 01:00:55

It’s down. Uh, this is an absolute steal. I’m gonna tell you why. When you’re looking at Streamex, they’re creating, uh, a portal and a platform for tokenization. And they’re starting with commodities. And why is that a good thing when it comes to gold? They started with gold first. Uh, you know, you’re looking at, at tokenization in general,right?

Frank Curzio 01:01:16

Provides 24/7 liquidity, allows for smaller fractionalized ownership, which is great for gold. Uh, you know, it’s gonna create more liquidity. You have it increases transparency ’cause there’s really no middlemen. But the biggest and most important value at tokenizing gold is gold is an asset. And if you own whatever, throw a number out there, say an institution owns $5 billion worth of gold,

Frank Curzio 01:01:36

it’s not easy to borrow against it. And this is gonna allow you to leverage and leverage. I think when you talk to most people, they’re like, holy shit, leverage, credit crisis is to leverage is not a bad thing. Allright. Without leverage, you wouldn’t own a house. Without leverage, you wouldn’t have credit cards,right? So, so, you know, it, it’s leverage is important.

Frank Curzio 01:01:54

And without leverage, even if you look at Warren Buffett, it wouldn’t be who he is today. ‘Cause he leveraged, he, it wasn’t ’cause he bought Coca-Cola and Bank of America, it’s because he leverages shit outta the insurance companies. ‘Cause insurance companies, to me, the biggest scam on the planet, uh, most of them. But the, the only company that has massive pools of money that everyone has to put up for something that could happen in the future. So Warren Buffett said, well, let me buy these companies and take that money because I know I can generate a high rate of return.

Frank Curzio 01:02:15

He leveraged that and, uh, you know, and he built Berkshire,right? That’s how it works. So it, a lot of companies wanna be able to leverage gold and they can’t. Another thing too is these guys signed a deal with a company. Again, you don’t know if the gold’s in a vault, you know what’s going on, whatever people say it’s there, you know if it’s there, whatever. Tokenization changes all that.

Frank Curzio 01:02:34

And now they sign a company with a deal with a company where they’re gonna be able to provide interest, four or 5% interest, uh, on the gold, the amount of gold that you store, which is massive. That’s a big drawback for gold,right? We talked about gold earlier saying, listen, you know, we’re looking at SICL that are turning into secular trends,right? With central bank buying, they’re not gonna stop anytime soon.

Frank Curzio 01:02:53

The amount of government, the amount of money spent by the government, not gonna stop anytime soon. You got three years of Trump saying America first, America first,right? So, you know, it’s also being used as safe haven. But these things are gonna continue for gold. Like it’s gonna drive gold and silver. And silver got a little bit ahead of itself, I know. But think about the hundreds of billions of dollars that are in ETFs that aren’t generating anything. So once these guys launch this platform,

Frank Curzio 01:03:13

you’re looking at a lot of that money coming onto the platform. And now they call it Streamex ’cause that money filters down like a management fee. Uh, anyone that tokenizes on that platform, they charge them that fee as well. So there’s different ways of how they generate money through this. This is a really, really exciting stock. It, it, it’s really, it, it checks all the boxes.

Frank Curzio 01:03:32

It, it’s, and the, the biggest box I love that it checks is one, Frank Giustra hates Bitcoin, freaking hates it. I used to troll him a little bit and be like, what? ‘Cause he used to just destroy Michael Saylor. I’m a fan of Bitcoin. I’m a fan of gold. I never understood why these people hate each other so much,right? Because if you’re looking at the old school gold people, they used to, you know, shit on the Bitcoiners. Even at 65,000, they’ve made a fortune.

Frank Curzio 01:03:52

They’ve been in it since 15,000, 20,000, 30,000,right? And it’s down from 125,000 or whatever. But this is a next generation of gold buyers and you’re buying these two assets for the same reasons. Just the younger generation’s buying it, but they’re buying it really for the same reasons,right? They just, they don’t believe in, in the system. They don’t believe in a government. They don’t believe in monetary policy,right?

Frank Curzio 01:04:12

So now this is turning gold into like 2.0. So it’s turning it from like this old timers asset to making it fun and tokenization. We’re tokenized. We’re one of the first companies to ever do this. I did this four or five years ago. Uh, so you can go to tZERO platform and it’s a security.

Frank Curzio 01:04:27

You could actually buy, if you’re, you’re buying a stake in our company just like you do with a stock and you can go to tZERO platform and do that today. I was expecting a lot more liquidity. I was about four years early. Now you’re hearing Larry Fink come out and say tokenization is the next biggest thing. Uh, and, you know, again, 13 trillion assets, BlackRock and, and just, you know, the guy’s ETF king.

Frank Curzio 01:04:48

And he’s saying this is, this is the next biggest thing, like, you know, after ETFs. And you’re seeing tokenization here. The platform that these guys are forming is absolutely amazing. Uh, you say, okay, well, uh, you know, I don’t know if this could work or not. One, it, it works across, across everything. They just, gold is one. And then just one commodity.

Frank Curzio 01:05:07

And then they’re gonna go to silver. Then they’re gonna go to streaming assets and stuff like that. But you’re talking about a market that has the potential with this one stock to be bigger than the entire market cap of the gold industry combined if they get this right,right? You could talk trillions of dollars could, could be tokenized in these markets. And, and when I see that, and then I see a guy like Frank Giustra putting his name all over this,

Frank Curzio 01:05:29

uh, and you’re seeing the insiders, great guys, Morgan’s run this company, great, great guy, uh, that I met personally. And, you know, he’s just a, a, a great, yeah, he’s chairman and then Henry’s CEO, just, you know, did a lot of research on these companies and, and, and this company. But this is a name that I really, really like here. It has pulled back, maybe gets linked to Bitcoin, maybe gets linked to gold.

Frank Curzio 01:05:48

This is something that’s gonna change dramatically, especially in the weeks and months ahead as they have more and more announcements as they’re building this platform. They’re gonna launch an actual security token through this where they’re gonna raise a shitload of money, uh, which is very, very exciting for them. And all of this is gonna filter down into Streamex and all those streams coming into Streamex. Uh, this name’s an absolute steal down here at 275, 277.

Frank Curzio 01:06:09

And, uh, I think it has tremendous, tremendous upside. This is a $10 stock pretty soon. I wouldn’t be surprised if it’s $10 at the end of the year, along with a couple of others I’m gonna give out. DGXX is a second one, I would say, is, is a $10 stock based on its assets. It’s worth $15, $20. Uh, the CEO has not really done a great job marketing himself on that. And that’s DGXX. But Streamex,

Frank Curzio 01:06:28

DGXX, uh, are two stocks that are under three that I think have tremendous upside that could be $10 by the end of the year. This is a name I’d be buying right away. Allright. Allright. Well done on, uh, containing yourself there. I feel like you know what’s coming. We’re getting a lot of questions, Frank. On which one? Wrap Technologies, Wrap, you know, they’re gonna ask, you already teased it.

Frank Curzio 01:06:50

You have DGX. Mm-hmm. Digi Power, excuse me, DGXX and STEX. Mm-hmm. Drum roll. Drum roll. Here we go. Allright. Let, let’s be real. Okay. With Wrap. So here’s a company. They have a, a product called the Bola Wrap, which shoots, I got shot at this at my conference. Uh, CEO Scott Cohen spoke at my conference,

Frank Curzio 01:07:10

shot me in front of my audience, which is cool. And it wraps around you and it’s the only, only, only non-lethal device that can be on a police belt. The only one that’s non-lethal. And they were supposed to get lots of contracts. And we have a management team that overpromised and completely underdelivered. And it’s been happening for the past four years and very, very frustrating.

Frank Curzio 01:07:30

Uh, they burned through management teams. Uh, they had problems with their financials really quick, which they got in order. Uh, you know, every time the stock gains momentum, you think it’s gonna go, it’s just $3 recently. Then they came down and they did a financing at $2 and the stock pulled back. Uh, this is a show me stock now. But I could tell you the,

Frank Curzio 01:07:51

if you’re looking at the positives, and believe me, no one’s more pissed than me. This is, I, I think I own over 300,000 shares of the stock. Uh, I just bought $50,000 more at, at two. And I’m probably gonna add more here. And there’s a reason why that I’m staying with this. And if you don’t stay with it, believe me, I understand because it’s been a long time. And I’m telling you, no one’s more pissed off than me because management has to deliver. They can’t just tell a story anymore.

Frank Curzio 01:08:09

They gotta deliver. And I think they are gonna deliver. Uh, this company has transitioned tremendously. It’s not just a Bola Wrap. They’re doing what, what Taser’s doing. And they have non-lethal training, the best non-lethal training, uh, which would’ve saved that guy’s life who, you know, kicked the lights in on the car and stuff like that. And they got shot, it would’ve saved his life.

Frank Curzio 01:08:29

The police are trained like that. DHS is not. And I think if the police, which, you know, Minnesota’s telling the police, don’t get involved, you know, leave the federal offices just hanging there, whether you agree with it or not.

Frank Curzio 01:08:40

Um, but you’re looking at this and saying, wow, this is, you know, this is something where I think they’re gonna get a DHS kind of, this is me all alone just saying this. And if they do, DHS is in so much, you know, scrutiny right now that the training, and not only that, the cameras too, they, they need cameras. And there’s a big push to say,

Frank Curzio 01:08:59

how come they don’t have the body cams like all the cops? And the body cams, you say, okay, Axon runs that industry. Well, just came out that Axon, the chips in there are from China. You wanna talk about national security? There it is. Access to every single thing every police officer’s doing around the United States. There’s a good shot they can get that contract when it comes to cameras. ‘Cause now they’re a camera company as well. They have drones,

Frank Curzio 01:09:18

uh, which you’ll see on their website where the drones, they hook up those, the Bola Wraps and they’ll shoot like six or seven of ’em. Bubble, why is that important? Because it’s starting to put these down in schools, in school shootings. ‘Cause the time you get there, seconds matter,right? So now you deploy these things, boom, it comes out. You can have these freaking drones, bubble, bubble, bubble, shoot the guy. Everybody can jump on ’em,right? So, uh, you’re looking at security guards, another major market.

Frank Curzio 01:09:39

You’re looking at international markets. I think this company’s one contract away. They’ve always been one contract away, but a hundred million contract pushes this stock to five immediately. And if you get one of those government contracts, almost always are gonna increase dramatically. If they get any deals with DHS, uh, you know, with ICE or anything like that, which I think is very, very possible, what’s going on, both sides of the aisle want this.

Frank Curzio 01:10:00

They, they don’t, you know, again, no cop wants to take out his gun and shoot because it, it, it’s horrible for them. It’s horrible sometimes, you know, just in the media just portrays it no matter what. It’s gonna be crazy. Uh, we have a solution. You have a solution. Wrap has a solution. So what they have to do is hire the right people in place. They should have the right people in place now.

Frank Curzio 01:10:17

They hired a lot of people that, that you don’t have to go through the bureaucracy of talking to 10 different people. Again, this is the government and, and, and police, law enforcement and governors and stuff like that. Now you have the people where they talk directly to the person in charge to get these orders. I think you’re gonna start seeing some orders come in. Uh, and the capital raise where people are pissed off, listen, they, they needed to increase inventory, which tells me that they’re expecting lots of orders.

Frank Curzio 01:10:38

Okay. You don’t want the raised dilution. Not only that, the almost all of it was taken out by pretty much the insiders who haven’t sold a share yet. So it wasn’t like, oh, they did this, you know, bullshit offering. It’s the insiders all came in and bought this stock. So you got three names that are down today. Wrap Technologies, I think that I think all of ’em have the potential to be a $10 stock by the end of the year.

Frank Curzio 01:10:57

I know Wrap has been shit. I know, I feel it. I probably own more shares than anybody that, that’s asking me questions. I get it. I’m still sticking with it. I’m diversified with other things. So sometimes I don’t look at it. I’m really pissed off that it’s come down this far. I thought when it hit three, it was really gonna go its way, which wasn’t long ago, a couple months ago. Uh, I think it’s a steal here. I can’t see it going much lower here.

Frank Curzio 01:11:15

And I think, uh, you’re gonna start seeing some contracts. I followed Taser when it was five, $6 with this company, which is Axon now. Yeah, which is Axon right now. And, you know, whatever that went to, six, 700, whatever it is, I know it’s down from its highs and pull back a lot. Do you have any idea? I just checked. Do you have any idea how bad Axon’s down from its highs? It’s down like 40%,right? 50%? Yeah. It was about an 800 stock.

Frank Curzio 01:11:34

It’s in the fours, but I mean, it hit his AXON. I mean, there’s a lot of stuff going on in the hood. There’s stories that came out in New York One about, you know, the Taser deaths and, and they hide a lot of them and if you would pull up like a lot of money under the tape of this company, even a five year’s fine. But this is a company I, I come, I come in the low single digits when I worked for Kramer. And this is a great, great name, Axon.

Frank Curzio 01:11:53

Axon’s a great name. And, and they did a great job like locking in everyone and the cameras. And what they do is this company, which is crazy, is they make the money the most, not off Tasers,right? That’s the gateway. They make their money off a cloud ’cause they, they store all the stuff. And what they do since it’s the government is there’s reports. And I remember covering this, like, I don’t know how much it is now, maybe four years ago,

Frank Curzio 01:12:11

but what they do is they sign five-year contracts and it raised prices considerably. These guys were charging like 12X to 15X more for their cloud than anyone else. Why do they get away with it? ‘Cause our government’s fucking idiots,right? They don’t care. They don’t look at bills,right? They’re like, okay, we’ll just pay it. We’ll just pay it. We’ll just pay it. Right? So that’s how they made their money. A lot of stories, negative press is coming out on Axon. I think that’s really, really good for Wrap here.

Frank Curzio 01:12:32

Uh, they gotta get off their ass. Management’s gotta get off their ass. There’s no excuses anymore. Enough of the promises you need to deliver because, you know, at this level, you’re starting to lose a lot of people. And I get it. People are like, is it a scam? Is it this? Is management bullshitting or whatever? I like Scott. I know him. He’s a friend. It’s not why I’m recommending this stock. I know he’s been through a lot to change this company around and get the right people in place. They’re there.

Frank Curzio 01:12:51

There’s no reason why they shouldn’t be signing a ton of contracts. And all you need is one. And this thing is gone. And that’s what happened with Axon. Uh, you know, when I covered it, it was a one here, one there. And all of a sudden it’s like now everyone has the model saying, wow, who is this company? Okay. And all law enforcement agencies, uh, you’re looking at, at, at international, which is less bureaucracy. They’ll order 30,000 of these things.

Frank Curzio 01:13:11

And they’re basically pitching this. So I think over 25 countries right now who are very, very interested because they look at the Taser as, as a form of, of, you know, violence and punishment. Uh, you know, they hate the Taser. So this is a good reason. You ever been Tasered? No. Yeah. Me neither. Good. Yeah. But I don’t wanna stay off that list. Yeah. I enjoy laughing at some of the videos, but it did, that didn’t look like anything I want.

Frank Curzio 01:13:31

I’ll, I’ll probably get tased. I’ll probably get on tape if I did it. I’ll do that. That’d be pretty cool. I don’t know what happens. It’s kind of, I mean, they, they can really, I mean, they can shake it on you. Fish outta water and you fall over. Yeah. But there’s some people that get tased, that just take it off of them. They’re like, yeah, and those are mutants, Frank. And I don’t know. There’s a lot of people who see that. I seen a guy get tased four different times. Took it off.

Frank Curzio 01:13:50

The guy’s like, I don’t know what to do. And the guy started chasing him. I was like, holy shit. Yeah. It’s crazy. Imagine that stuff doesn’t work. I don’t know. Some people could take it. It’s crazy. How many more questions we have? We’re running past an hour, but we’re still doing. Yeah. If you feel like taking one more, we got a big general one on politics. And then you can wrap up with your three steals for stocks, which I already covered. So we can wrap up now. Okay. Everyone, goodbye. Yeah.

Frank Curzio 01:14:08

Thanks. Later. See you. Yeah. Good. Yeah. DGXX, Wrap, and STEX are your favorites. Yes. I’m all those down, guys. ‘Cause listen, hold us accountable. We’re, we’re gonna start doing this every month. Uh, we’ll take a look at some of these and see what’s going on. But, uh, these are three stocks that, that I really, really like, that have pulled back, that I think offer tremendous, tremendous opportunity for you.

Frank Curzio 01:14:27

I really do. These, these are great names at great prices. So you don’t have to buy a full position here, buy small positions in. Uh, and I think you’d be real happy 12 months from now. Yeah. Then we can check back. That’d be perfect. What’s the political question? I should give you the political question. For those of you who don’t know, Danny, I was gonna answer. I mean, I’ll, I’ll let you answer, of course. But no, you do politics, if at all, impact your investing? Absolutely.

Frank Curzio 01:14:46

I mean, people get pissed off. When I was covering COVID, we had access to lots of doctors. And, and this podcast got, is downloaded, you know, well over 20 million times. It’s been doing so 15 years, Wall Street Unplugged, and goes out to, you know, over 130 countries. And I was getting really good, uh, information from people who email in all the time,right? That’s the greatest network and the greatest sources that I have.

Frank Curzio 01:15:06

People who are in these industries. And just, you know, through COVID, I was able to figure out, um, you know, a lot of it was bullshit. Uh, we got outta almost every single stock in our portfolio in, I wanna say the second week in February before the market crashed in March, uh, because we had access where we interviewed people who were locked down in Italy in December and,

Frank Curzio 01:15:26

and, and China. And, you know, we knew how serious it was. And then doctors were telling us, listen, this doesn’t impact kids at all. And, you know, we were providing stats before Johns Hopkins had their whole site and people were coming to us and, you know, our, our traffic spiked tremendously. And then all of a sudden, you know, Left got involved and, you know, we had bad reviews and he’s a liberal. Listen at when we’re just reporting the facts.

Frank Curzio 01:15:45

But a lot of the doctors who ran hospitals that actually emailed me were saying, hey, you can’t mention my name anymore. I’m like, what are you talking about? This isn’t even about stocks. I’m trying to help people, families. I have two daughters. You know what’s going on? It’s COVID. No one knew. And we had a lot of great statistics and they’re like, you can’t say anything on getting fired. I was like, holy shit. So, you know, the political side, whenever we talk about it,

Frank Curzio 01:16:04

of course, you know, we believe in capitalism here and, and, uh, you know, free markets. But sometimes people get pissed off. Well, politics has to factor in. We talked about it earlier with Trump. Being part of his circle is going to make you money. It’s made money with almost every single stock that he’s gotten behind. Uh, he’s gonna use an entire network to get behind him.

Frank Curzio 01:16:20

And then you have all these countries that he’s signing deals with, which are gonna have access to all the best companies that are in Trump’s circle. Pay attention to that. I don’t care if you don’t like the guy. If you don’t like the guy, make money off him. Make you feel even better. Uh, but you have to pay attention to politics. I mean, look what happened with the solar industry. With solar’s gotten annihilated. Although solar, when it comes to battery storage, those are some of the best stocks.

Frank Curzio 01:16:39

There’s a couple that we have in our AI portfolio that have tremendous upside potential. We’re not talking about the ones with, with solar panels. We’re talking about ones that with battery and storage, it’s actually for the first time ever economical, uh, for solar, which has never been the case. Uh, these companies are gonna be paying dividends pretty soon and buying back stock. Uh, two names that we have, uh, in a portfolio. And I did a lot of research on this.

Frank Curzio 01:16:57

It’s cheaper for solar when it comes to battery storage than it comes for natural gas turbines. First time ever. In fact, you probably didn’t know. So, you know, when you’re seeing these policies change in solar and EVs and stuff, I mean, you know, look at what happened with, with, what is it? Stelantis, whatever. Uh, oh yeah. The Dodge company that got wrecked,right? Stelantis. Stelantis.

Frank Curzio 01:17:16

And then you have, you know, GM,right? GM and Ford, actually, their stocks went up because they said, hey, we’re not, you know, we’re scaling out, we’re getting out of EVs now, uh, which is great,right? ‘Cause it costs ’em an absolute fortune. They can never scale EVs anyway. So, you know, you gotta pay attention to politics. It really, really matters in a lot of industries. And you’re seeing that with industrials on fire, Catapult on fire, Pro American,right?

Frank Curzio 01:17:36

Everything, you know, more things getting built in America, uh, more companies building factories, you know, commitments from Apple and so many other companies, you know, spend hundreds of billions, if not trillions of dollars a year on infrastructure. And that’s, you know, again, you’re paying attention to that. That’s politics. And, and you’re seeing industrials absolutely on fire. Might not know it ’cause, you know, everyone pays attention to technology. Technology’s getting a little hit.

Frank Curzio 01:17:55

But yes, what do you say, Daniel, about politics? Oh yeah. And this has gotten me in trouble and wrong, not in trouble, but being wrong and losing money, therefore trouble. But I pay attention to politics because I believe you have to, to see where the money is flowing. And honestly, through the Biden administration, one of the reasons that I was able to stay invested and talk with Frank about is that you had so much liquidity in this money printing.

Frank Curzio 01:18:16

And it’s not so much that prices are going up and, you know, gold surging and businesses are doing so much better as much as the dollar is going down. And because that is a political, um, force driven by both Republicans and Democrats and money printing and inflation. I’m old school. I think that more inflation is caused by more money printing and, and spending like drunken sailors. So during the Biden administration,

Frank Curzio 01:18:36

it did play to play in the green, uh, sandbox as well as sticking to asset prices as, um, liquidity and stuff surged. With Trump and looking at what he’s doing in politics, I think some of the big changes are in why you’ve talked about energy, Frank, is they’re definitely focusing on that. And so that’s how you can make money off that. Uh, we’ll see if I’m right on this.

Frank Curzio 01:18:55

But one of the things I think trying to front-run politics here is the regional banking sector. So I’ve talked about that in the past. I’ll talk about that more next time we come back on X. But I think the Fed chair, the new Fed chair and Kevin Warsh is gonna make a lot of changes on the deregulation side to regional banks. You’ve seen Home Bank Corp, HOMB, is one of my favorites, run by John Allison, uh, outspoken Trump guy for a Trump era.

Frank Curzio 01:19:16

And I think that the regional banking sector can really thrive as your big banks that are too big to fail, failure to all you politicians out there that raged against too big to fail. And now they’re significantly bigger than the financial crisis, you morons. But we don’t look at results on government side. They can continue to do well, but regional banks can play a big catchup here.

Frank Curzio 01:19:35

And that’s one way I look at politics. We’ll see if I’m right. We’ll be accountable, but, uh, definitely pay attention to it and, uh, watch your asset prices there, Frank. Yeah. Deregulations are a really, really big deal, which is coming. And that’s gonna help these banks actually compete a lot more, uh, expand their reach. Uh, and you’re seeing that regional banks, regional banks are doing good. And a lot of the big banks are, are, you know, JP Morgan pulled back a little bit.

Frank Curzio 01:19:55

They have to hit like a trillion dollar valuation. Uh, I love Citigroup buying back a shitload of their stock. I like them better than, than a lot of the other banks than the Bank of America and Wells Fargo right now. But the regional banks really, I, I agree with you. It’s just very, very attractive with the current environment. Yeah. We’ll see. We need politics to, you know, unfold that story. So we’ll see. But that’s just one example how I pay attention closely. Listen, it’s really quick.

Frank Curzio 01:20:13

It’s the greatest environment you’ll see for banks probably in the last 30 years,right? Because high interest rates are great for banks and rates have stayed much higher than expected. So they didn’t expect two years ago, if you listen to the big banks, they were looking at their net interest income, you know, that spread between what they loan money out, where they could borrow. Uh, and now it’s supposed to come down tremendously. And now it hasn’t come down. And JP Morgan said they’re gonna generate a hundred billion dollars next year,

Frank Curzio 01:20:35

which is this year, uh, on their net interest income. A hundred billion. Uh, so now you have higher interest rates, but now you have an economy that’s doing great,right? The Atlanta Fed says it’s gonna grow 4%. It came down from 5%, but still 4%. Uh, you know, and then you have investment banking that’s doing very well. It’s like every, it, they almost look like when you see these guys report, uh, just with the trading activity,

Frank Curzio 01:20:55

with the fees, it usually, it’s one or the other. Usually you really fees, you have low interest rates and not generating a lot of net interest income. They’re generating, they’re like Google when they report. They’re like Meta. When you see every one of their divisions growing 20, 25, 30, 40%, it’s every single thing is growing for them right now. Uh, and it’s just a great, great environment. They’re gonna return so much money back to shareholders now. Uh, yeah, I like Citigroup here.

Frank Curzio 01:21:15

It’s my favorite big name. And yes, you know, regional banks look very, very attractive here. But, uh, don’t make any mistake because the large banks, for everyone saying, oh, they’re gonna go out and all these derivatives and shit like that, they generated a hundred and $15 billion in over 30 billion, that’s in sales and 30 billion in profit for the quarter, for last quarter. Okay.

Frank Curzio 01:21:34

The, and their loan loss provisions for every single bank went down. You could say, well, they didn’t go down for JP Morgan’s ’cause they had a tick, they, it was, they took over a Goldman credit card that had to take a charge for that, which is, you know, a good thing. They took over that whole credit card portfolio. That, that means people are paying their bills more now than they ever were. So for those of you who think that, you know,

Frank Curzio 01:21:52

the economy’s falling and all this shit’s happening, when you see in the banks, it’s not showing up there. And, uh, these guys have, have a clear runway of growth going forward. So, um, you know, the regionals are probably the best way to play it. So we shall see. I think that’s it,right? Yeah, man. Allright, guys, thanks for tuning in to our live event. We love this stuff. We love the questions coming in.

Frank Curzio 01:22:12

Uh, to follow us, you can do so by going to X @FrankCurzio right here, or, frank@curzioresearch.com, or by subscribing to our free podcast, Wall Street Unplugged. Again, which we’ve been taping for over 15 years, 16 years now. I know everyone has a podcast, but, you know, I take a lot of pride in it. It’s built up an incredible network. It’s allowed me to, to build this company where it is today with all your support.

Frank Curzio 01:22:31

I just wanna say I really, really appreciate it. Appreciate all the support. Appreciate you guys tuning in. 

Questions, comments, feel free to email me personally on the X platform or by emailing me directly, frank@curzioresearch.com. 

Daniel, what’s your email? Daniel@curzioresearch.com. Allright, guys, appreciate the support. Take care. 

Announcer 01:22:48

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.