- Large vs. small caps: What’s behind the disconnect? [2:15]
- Interest rates will go down in 2026—here’s why [6:45]
- This crypto stock presents a trade opportunity [15:00]
- The key to protecting Bitcoin from another SEC pivot [22:43]
- What to expect from Nvidia’s earnings after the bell [26:34]
- Uranium stocks to trade on Trump’s nuclear EO [34:16]
- This energy stock could drop 75% [42:22]
- Major changes coming to Curzio Research [54:38]
Wall Street Unplugged | 1247
Trump's nuclear EO: Is it time to buy uranium stocks?
Transcript was automatically generated.
0:00:02 – Announcer
Wall Street Unplugged looks beyond the regular headlines Heard on mainstream financial media to bring you unscripted interviews and breaking commentary direct from Wall Street right to you on Main Street.
0:00:16 – Frank Curzio
It’s going out there. It’s May 28th and I’m Frank Curzio. This is the Wall Street Unplugged podcast. We’re bringing you the headlines and I’ll tell you what’s really moving these markets. Mr Daniel Creech, what’s going on? How’s everything? What’s happening? Frank, happy Wednesday, everybody. Happy Wednesday you watching any of the playoffs in hockey and basketball or anything, or having fun.
0:00:37 – Daniel Creech
I watched the beginning of the hockey games but I have to say now both series are 3-1. It’s really not that that’s a bummer. I wanted to see closer games. I wasn’t asking for game sevens, but I am excited to see a rematch, basically in the hockey. Basketball is your world. Yeah, knicks loss. I know you’re disappointed.
0:00:52 – Frank Curzio
Knicks loss. Oklahoma City looks like an incredible, incredible team. I love watching them all year.
0:01:10 – Daniel Creech
But the Knicks loss, which you know to come to the end, then we’re going to be stuck with baseball, but at least, thank God, the Mets are good this year.
0:01:15 – Frank Curzio
No, Frank, golf is on for your baseball. Baseball’s on for the next 10 years. I know I don’t get the 160. I don’t get it. There’s so many games. These guys make a fortune, seriously, if you have kids, just make your child a left-hander.
Just tie his right hand behind his back, right, don’t worry about child services or anything, because if it works you’re going to make him a fortune. And tie his right hand and just make him throw and all he has to do is throw about 92. That’s not too bad, 92, you’re going to be making probably about $. I always tell you know, I’ll talk to the manager, give me a million dollars, I could do that. I’ll go in for two batters and walk them and then come out. I mean baseball. The amount of money is insane that they pay these players. It really is incredible. I mean a lot of sports in general, but you know they always complain and they’re always pissed off and everything. But you know, but you could do something else, guys, you don’t have to do this right, they’re like well what about the holidays?
0:02:05 – Daniel Creech
Well, that’s why you get played Some of them.
0:02:07 – Frank Curzio
Yeah, if you don’t like to play on the holidays and entertain everyone, do something else. Do something else, do something else. Anyway, it’s pretty crazy. You know it’s funny. I was looking at the markets and they were down tremendously this year. It was the year right, it’s to start the in a long time. And now the sp500 is up, as before today, dow jones, basically flat, and you had the nasdaq down 0.5. But if you look, what surprised me is the russell. What do you think Russell’s doing?
0:02:36 – Daniel Creech
uh, I would assume it’s still down just because of the pain, and it’s down a lot.
0:02:41 – Frank Curzio
It’s down 6.3 and you have mid caps down almost three percent. So you know you’re not seeing this follow-through from a lot of these stocks and I’ve got to tell you. You mentioned biotech yesterday right, and talked about how many companies are trading below cash. Their market caps are trading. They have more cash on their balance sheets than they do with the market caps and it’s incredible because when I’m looking at small caps, there’s such a big disconnect there that we’re starting to really see it and be able to pick off some of these names.
If you’re looking at biotech, you’re looking at energy, especially within the oil industry. There’s a lot of very smart, brilliant people that are doing roll-ups in a lot of these industries because they’ve been annihilated and you want to buy these assets when they’re dirt cheap and people are giving them away and you’re basically buying the cash for free in the balance sheet. You’re getting these technologies. I think you’re going to see a massive M&A wave take place in biotech, especially with new laws around going on within healthcare and vaccines, and again these companies have a profit right. They have to continue to make money. That’s their job. They don’t want to cure anything, they want to treat everything. We all know the system. But now you’re sitting there with biotechs, with amazing technology, that are still down 70%, 80%, probably the worst five, six, seven-year stretch that you’ve seen in biotech.
I don’t want to say ever, because you know it might be a story to say, well, remember this time and that time, 20, 30 years ago. But I can tell you, doing this for 30 years, man, holy shit. I and one of the funds that we’re in through Curzio One is they’re investing in these super early stage incubator companies where they get to pick the best of the best and then they’ll come in and get a person on the board and fund them and go through the process. And now you’re getting in these things at $25, $50 million valuations in a private market and now they’re raising money at $100, $200 million. That’s one of the ways to do it. If you’re a credit investor, you could do it through certain funds and you have access to really smart people in that world, private placements and stuff. But, holy shit, what? It’s just this total annihilation of some of these sectors, especially within small caps.
0:04:34 – Daniel Creech
Yeah, I mean small caps are. Well, what was the stat man? Was it 30? 30% of small caps were not profitable as of and that’s not crazy out of the norm.
0:04:44 – Frank Curzio
Yeah, that was about 12 months ago, 18 months ago.
0:04:50 – Daniel Creech
You think, with interest rates and all that, I mean, yeah, definitely, small caps take absolutely the brunt of higher interest rates, higher for longer, sluggish fears over the economy and all that kind of stuff which makes investing fun and clear as mud. Because you would think that the guys that get all their profits from right here and are quote unquote a little bit buffered from tariffs would get a bounce. And that’s not the way it works out sometimes.
0:05:06 – Frank Curzio
And that’s the thing with small caps, Daniel too is because high interest rates have been here for well over a year 18 months now, right. So they position themselves. They got wrecked, they got annihilated. Then you’re looking at, you know tariffs for some of them, but a lot of them mostly have US exposure. Many of them, a lot of these companies, realize that the business model isn’t grow at any cost without profits, because now you want to see profits. A lot of these companies have cut costs where they’re becoming profitable. So the risk that pushed these things down it’s a different market, higher interest rate.
These companies have adapted where if interest rates just we’re going to hint pretty soon, interest rates are going to come down. They’re going to need to come down because we’re going to see the market really start pulling back if we don’t have lower interest rates because the housing market’s going to be frozen, we’re getting a little bit higher on long rates as well. Mortgage rates are the highest in a long time. So you’re going to see the Fed hinted that, probably saying November, December, we’re going to look to cut. And when they cut, when you see that, you’re going to see I think small caps really, really take off here because they’re already adjusted for the high interest rate environment. They already got annihilated. They’re down tremendously compared to the rest of the markets.
That’s a massive underperformance, like the Russell down over 6% for the year and the S&P 500 up nearly 1%.
That’s a massive discrepancy between large caps and small caps. It’s been that way for a while but a lot of these companies have adjusted and for us, I’m not telling you to buy the Russell, but there’s a lot of names within those spaces that we mentioned, especially oil, biotech, you know, just even in infrastructure, you know a lot of companies even that got nailed on tariffs and now we’re seeing that you know alleviate a little bit. So a lot of names that we’re seeing. With this big disconnects, I think you can make a lot of money but you gotta be smart, you gotta be careful and you got all the management teams and you know make sure they have growth, make sure they have pricing power and and you saw that with a couple of names even report like Abercrombie, fitch and stuff like that, some of the retail names. So it is interesting. But I was just surprised to see that the Russell’s down that much compared to the S&P 500, which is pretty crazy.
0:06:52 – Daniel Creech
Yeah, you’re correct. On early next year We’ll at least get the hints of much lower rates coming because, remember, Fed Chair Powell will be gone next May-ish give or take. The new Fed Chair will be appointed after May, if you look at the intranet or AI searches. But the point is is that you’re going to start talking about names are going to get floated around who’s possibly going to be the next chair? That’ll all happen months before that. So I think that timeline works perfectly as to end of this year. And make sure, even though everybody’s so independent and the left hand doesn’t talk to the right Fed, how much do you want to bet that the new Fed chair cuts rates? Frank?
0:07:26 – Frank Curzio
Oh, I know, Anyway, we’ll move on. Listen, that’s a catalyst. I don’t want to give up, I’m just simply saying it’s a good catalyst.
0:07:31 – Daniel Creech
These guys are independent and we don’t know. Frank, we’ll just have to wait and see.
0:07:36 – Frank Curzio
Yeah, but, dan, it’s a good thing you mentioned that, because the Fed, the Fed chair, is going to be replaced in May, right? So a year from now, that’s when they’re going to do it and when you when? So you’re not looking at. You know we’re going to see the next person that comes in is going to lower rates, going to be a Trump guy, right? So he’s going to do whatever Trump says likely. You know again, whether you hate that or you know it doesn’t matter, right? You’re looking at the markets and how it’s going to lower our deficits. That’s the only way to really get out of our deficits. When we see economic growth, which happens when we have lower rates, we see the housing market, you know, start to kick in a little bit more because it’s been a real drag, especially with home builders and stuff like that. A lot of stocks, but, yeah, it is going to be a big catalyst going into next year. And not only that less regulation. Banks are going to be cheats because they’re sitting on these massive cash hordes.
There’s a lot of positives coming up over the next. You know, 12 months, and even nine to 12 months, in anticipation of these events, that it’d be very good, and we’re not even talking about signing deals with tariffs and things like that. But with interest rates high, that puts a dent in everything. And Trump knows that, whatever he’s doing, it doesn’t matter if interest rates continue to go higher. It doesn’t matter what he does, doesn’t matter what he tries to do with doge or whatever, which you know again, with his new spending bill plan and stuff like that, it kind of, you know, defeats the purpose. Even elon musk called him out on that and said you know, kind of defeats the purpose of that crazy spending bill, because a lot of shit had to be done to get that passed and a lot of people complaining about that. That’s why you’re seeing rates go a little bit higher.
But also, you see, in gold come back a little bit and after a little bit of a pullback and then we have Bitcoin. Right, bitcoin’s still maintaining pretty close. It’s all time high. You know, was it 107, 108 last time I looked? I always say that because I can look. Five minutes from now it could be 90,000 or it could be 120,000. But the Bitcoin conference big news right. 2025 Bitcoin conference in Vegas. Now I have a lot of friends out there and people. Daniel was going to go.
0:09:20 – Daniel Creech
Oh bring that up and it canceled.
0:09:21 – Frank Curzio
That’s his fault, not my fault. I gave him the green light. It’s a good thing your name’s on the door.
0:09:25 – Daniel Creech
I’ll wait for tomorrow’s podcast.
0:09:28 – Frank Curzio
It’s good. Hey, I gave him the green light and he said I can’t do it. So that’s that, dale, he couldn’t do it. But anyway, I’m going to tell you, dale, 5,000 attending companies. To put that in perspective, the biggest conference, I think, in the world is a consumer electronics show. It’s one of them at least, and they have 3,500 companies. We’re looking at 5,000. You have over 400 speakers there.
I’m kind of glad you didn’t go because and I don’t know why anyone would pay for this event. Now it’s kind of like the IR Zone Conference I used to go every year. It was $5,000. Also, the Value Investing Congress I used to go to. That conference was amazing. But now they stream everything for free. Every platform has this streaming for free and I got to tell you, so far it’s been pretty overwhelming for a lot of regulars there because there’s so much regulation.
I know that was day one. I think they have five different stages going off at the same time, but it’s not too exciting. I’m hearing it’s not too exciting going there. Oh my God, there’s so many people in this. But it’s just, it’s so overwhelming.
Sometimes it’s kind of like the consumer electronics show, when, when I bring people there for the first time and I kind of hate when people go with me because I like to do my own thing and research companies all the time and I was like I’m going to go with me. It’s overwhelming for anyone going there for the first time because there’s so many companies, there’s so many halls, there’s so much going on. This is just about one subject the Consumer Electronics Show. You have a thousand different technologies, so many freaking different things going on. This isn’t an altcoin conference. This isn’t anyone talking about anything else other than Bitcoin, and it’s just like a massive amount of Bitcoin right like right on top of you, where it’s not necessarily going to get new ideas. But you know, with that said, a lot of big names speak at the conference and you know it’s getting a lot of attention.
0:11:14 – Daniel Creech
Yeah, as it should. I mean, it’s a, it’s a huge party. I will push back a little bit on that because I agree that it would be overwhelming and five stages and all that kind of stuff, but there’s a lot of value there and you mentioned, I got a couple of things I want to talk about with the Bitcoin conference. So yesterday was institutional day. That is going to be more of a boring day if you’re going to look at it from that realm. But quickly, Frank, why would you go in person? You know this it’s to connect, meet people and have fun in Vegas and wherever the events help.
That’s why you would go Now. Fun in Vegas and wherever, wherever the events held. That’s why you would go now. The it is an all Bitcoin conference, I understand. However, the first day was institutional day.
You had a lot of politicians, a lot of political speeches, a lot of people running for the next office and they’re up there touting it and some of that is kind of funny. You could tell it was boring with the crowd, because a lot of the politicians there were just I get what they’re trying to do. I just don’t think they are telling the message correctly, Frank, because we’ve been joking about this and we’ve been dead right on this. Bitcoin needed to get into the political world. They did that. They outraised everybody. They’re playing the political game and getting political power. Okay, that’s good. A lot of those people in the Bitcoin only conference still don’t like that, so they don’t like that partnership.
But you just have to understand and deal with that. I thought I get it that it’s not the hoorah, so I understand that standpoint of a not exciting thing, but honestly, I stream this to your point, Frank. I thought it was great to your point, strive. So, Frank, if you would pull up a chart for me. I’m going to give you a ticker and you’ll know it’s Bitcoin related, because the ticker, the chart, will look ridiculous, a-s-s-t please. So Strive is backed by. I’m going to butcher this Frank, help me out. Vivek, his last name, vivek Ramaswamy. Vivek, see how I read it.
0:13:00 – Frank Curzio
Is this A-S-S-T as a symbol Asset facility? Yeah, it should be.
0:13:03 – Daniel Creech
It was $14 yesterday. I think it’s $7 today.
0:13:07 – Frank Curzio
I look about right Crypto related.
0:13:10 – Daniel Creech
Yeah, crypto related the point here is Strive just recently announced and you’re going to have some big announcements around Bitcoin. Obviously, that’s good marketing and good management, but Strive announced this huge pipe funding deal, Frank, at like $1.30 something. We don’t want to rant about that. The point is they were talking about how they’re just the next company to raise huge amounts of money, buy Bitcoin, use it as a Bitcoin treasury asset. And then the CEO talked more about their alpha strategies and that’s where I made the comment about the biotech Frank and real quickly here.
So, strive, he was saying the gentleman, the CEO and it’s not Vivek, it’s Matt Cole, I believe. And he was saying listen, every 15 years you get this wipeout in biotech. And Frank is the biotech guy, not me. But I was telling him I was listening to this Strive speech, this gentleman and he said, Frank, in 2017, 2% of biotech companies were trading below cash. And Frank called me out on this in a good way. Just because you’re trading below cash doesn’t mean you’re a buy, because your cash burn rate might be so significant. You might have your market cap. Yeah, yeah, go ahead, Frank. I mean your market cap would be $50 million. It might look like a crazy buy, but you might be out of money in three months, you have $100 million in cash.
0:14:28 – Frank Curzio
no-transcript could just get rid of it. They’re not in the business of just getting rid of their company and selling it with the asset. They want to basically turn this into a billion dollar company.
0:14:44 – Daniel Creech
Yeah, yeah. And so the takeaway here from his perspective is hey, we had 2% trading below cash value in 2017. Fast forward to today, 23%. Their point is hey, and he gives this example listen, if you have more cash on your balance sheet, they have to do their due diligence. He is saying Strive is in talks with a lot of companies to go in, buy them, use the cash difference to do what? Go, buy Bitcoin and add it to the treasury.
I’m not saying if that works, I’m simply saying when you have, this is just the evolution and the evolving of Bitcoin and crypto into the financial system, as Frank and I have talked about. This is genius, because I’m going to keep watching this stock, because these guys are not dumb people. All right, asset entities Right, and yeah, and it’s combining with strive asset management. So I don’t I don’t know the timeline, I just I’m going through their presentation and that’s where I saw that chart, so I wouldn’t touch it yet. The point is is that, just like with ETFs to buy Bitcoin, now you have ETFs that are branching into active management and Frank’s talked about this this is only going to grow the ecosystem in the point of all these companies.
I’m not saying this is a go out and buy. I’m simply saying the rise of companies adding Bitcoin to the treasury, following strategy formerly known as micro strategy, and putting real capital to work to do more deals and strategies are good for the ecosystem and these things are going to be volatile just like crazy, so it gives you, traders and investors, another option to look at. I would definitely look at that, Frank. I don’t know if you had any. Did you catch anything on? Did you hear any of the strive or any of that?
0:16:14 – Frank Curzio
Not any of that, but I’m looking at the stock. It’s actually interesting asset entities because they’re a social media marketing company, mostly focusing on Discord, and that’s important because discord is massive when it comes to the younger generation. Okay, I know a little about discord I do have a discord account but I know a little about it and this is a company where, for us, it made sense because we hired someone in consultants for twitter. We hired consultants, uh, for to build up our youtube channel now and twitter’s working tremendously for us. Youtube is starting to work. We just begun that. You know hiring consultants and these guys do it. But I’m looking at the revenue that they generate because Discord’s hard right. They do educational service, entertainment, social media marketing, older Discord, which is something a lot of companies would do because it’s a very big platform, especially when it comes to not just the young generation, but especially for Bitcoin and crypto. But I’m looking at a company with over $100 million market cap they and crypto. But I’m looking at a company with over $100 million market cap that generated $679,000 in revenue. I mean, you don’t have one guy paying you a million dollars to really build up the Discord account, because if you build it up to like $100,000, $50,000, I mean, the money that you would generate from that is incredible, which we do a good job.
The hardest job for us as a company is getting people to know who Curzioio Research is. So if you look at our social media platforms, we’re getting a ton of new traffic and there’s my daughter say do you see some of the comments on there? And everyone’s like, oh, he’s full of shit and he’s that. And I’m like that’s good, but you should think I’m full of shit because I’m new, right, we’re getting a lot of new clients in and what it does is open the door for a lot of people on social media channels to say, hey, you know what? Frank’s not full of shit. He’s been doing this for 30 years and you know he really gives a shit, you know. So, you know, I, I I want that. Like I think you should be skeptical going in, but having that service is amazing. I just can’t believe that they’re not really generating any revenue off of it, which is surprising. But you know, I didn’t hear about that stock, but um well, again.
0:17:56 – Daniel Creech
This is all new. I don’t know a lot of background. I just heard that started looking at 14 to 7, which is crazy.
0:18:01 – Frank Curzio
But I will tell you that a couple things. One, the speakers there are incredible. If you think like, bitcoins is fad still and it’s going to zero, even even you know what’s his name is there Vice-president Peter Schiff. Peter Schiff is that, right, he has his own booth and credit to him because he’s an amazing marketer. Right, and it’ll look like everyone hates him, but he has over a million followers. Good for him. You know, I got to give him credit with that. With marketing wise, it’s fantastic. He’s unbelievable.
So A16Z, the crypto, which is Anderson Horowitz. You have BlackRock there. You have President Trump’s campaign manager, vice President Pence just spoke. First time. A VP of the US will do a keynote at a Bitcoin event. You have US Senator Cynthia Loomis who says you know who’s wanted to buy. You know millions and millions and millions of Bitcoin for the Strategic Reserve Vivek Ramaswamy, byron Daniels I mean these are, you know, david Sachs. You know you have the United States Department of Treasury Tyler Williams is going to be there. Then you have your normal guys like Robinhood, galaxy, coinbase, michael Saylor, itoro, kraken. So you have all these speakers there. It’s a massive event and institutions are totally engulfed in this, now that you have regulation around it and institutions are totally engulfed in this. Now that you have regulation around it and you know that’s definitely coming with the new SC chair, it’s here. It’s amazing Some of the comments just a few here.
The Stake and Shake CEO, sandar Biglari Biglari’s massive, you know he’s a billionaire. He said they reduced payments fees by 50% through adoption of Bitcoin and also Bitcoin, he said, is faster than credit cards and expressed that it experienced positive effects in terms of efficiency and cost. That has always been the case with a lot of these crypto payment companies. That’s why the banks were lobbying to shut this off through the Biden administration, why we had Operation Shark Point 2, where they just shut down crypto. They illegally closed the banks and said no one go near those banks. If anyone goes near them and has any crypto holdings in them, we’re going to audit you. It’s basically shutting off their growth engine and they were forced to to liquidate. Right, there wasn’t that. They did anything illegal, these banks. So now they have all this coming through these.
We’re just scratching the surface on what bitcoin can actually do in terms of payments, in terms of all these payment services, in terms of the altcoin. So one thing I would say is what we’re doing with our newsletter is you have to focus on if you really believe bitcoin’s going higher and it is. We said it’s going to 100,000. It’s going to go to 250,000. It could take three years to do that, it could take four years, but it’s going to continue to go higher because there’s no supply, there’s no extra supply, and you have this massive, massive, massive, massive demand from institutions 401ks from countries adopting Bitcoin and have their own strategic reserves. It’s going to continue to go higher. The dynamics of it make it that it’s going to go much, much higher, right? Just the supply, demand and balance. When that happens, the altcoins, the next 100 you want to really look at and you’re starting to see those move. Finally, I thought they’d move a lot quicker, but they didn’t. There’s a lot of names that are going to benefit tremendously through these payment services, now that you and a lot of those names I don’t even talk about some of these other names that you probably haven’t heard of that have billion-dollar market caps that look very attractive here.
But as far as the Bitcoin conference goes, I don’t know if you necessarily outside of networking. You want to be there. You could watch and stream a lot of this stuff, but it is amazing. I mean, I had a lot of people that are meeting with Trump. Trump’s son’s going to be there and they have meetings and stuff like that that I wanted to try to get into. But I’ll probably attend next year, but it’s pretty cool. You got another two days. Hopefully we’ll see some more information. I will say this Almost every time that they have this conference, bitcoin sells off sharply Because you have all this positive news leading up.
And then Bitcoin. I wouldn’t be surprised if Bitcoin breaks below 100,000 on this, which is, you know, again, a 10% pullback from its all-time highs. Really, maybe a little bit more than that, but you’ll probably see a little bit of a pullback. You’re seeing that today. A lot of Bitcoin companies are pulling back because you just it’s almost like a sell event type of thing. Right, it’s like buying the news, holy shit. You know President Vance is going to be there, trump oh my god, all these people. It’s going to be massive conference and everyone’s paying five thousand dollars a ticket. It’s huge, five thousand company, whatever it is, 500 or 5 000 companies.
But you’re going to see this selling news event, I think, over the next couple weeks until we get, you know, the next wave of of positivity and and positive announcements on this, which are going to continue to happen for years and years and years. Now they have the right regulatory framework, and that’s what michael novogratz said. But, you know, if you’re looking to trade Bitcoin, I think it comes down on this news. It’s just a sell event news and everyone’s happy and everyone’s going crazy. But you might, you know, if you’re looking to buy Bitcoin, you probably get a good opportunity to buy it, probably about 10% lower I had to guess over the next couple days or so, if I had you know,000. We have it in our portfolio. We have Ethereum in the portfolio at like 160, 180, whatever. So we’ve been following these trends for a very long time. We see stuff like this, but I wouldn’t be surprised if we see further pullback from the conference.
0:22:42 – Daniel Creech
Yeah, possibly One thing I want to talk about. So legislation, let’s just I’ll end on this, Frank. I know legislation doesn’t sound exciting, but David Sachs, who you mentioned, was on stage with the Winklevoss twins and it was a great talk because it’s very easy to look back. You know, I want to be a forgive and forget type person forgive and forget type person but that takes time, and what I mean by that is, Frank, the paradigm shift between the last administration and this administration is couldn’t be more night and day, and there’s a tendency to say, hey, you know, that’s in the past, let’s just move forward, but you can’t completely forget about that. Now I take that a step further. I think a lot of people should be punished and thrown in jail and bankrupted, and all that that’s for a different time.
The Winklevoss twins said they were debanked down to their last transfer bank account option and they almost got killed. They were down to their last string and about got put out of business. That is crazy to think about those guys unlimited capital, essentially billionaires. You know they’re not going to waste all their fortune. But when you put that into perspective and think about what’s happening and then the big fear is hey, can it happen again? Yes, without legislation.
So the big I’ll end on this the big reoccurring theme of day one was even politicians and the diehards were saying, hey, we have got to get this legislation passed. David Sachs on the crypto czar and all that was talking about all the different bills. Frank and I’ve talked about those a little bit. They have to get passed because if they don’t get it passed, the next administration can just put another Gary Gensler in there and undo everything. So while I know there’s a lot of people that can’t stand the government, I agree with you. You have to have legislation go through and in my opinion that’s the next big leg higher. We’ll see how it all plans out, but there was a lot of great talk in there, so make sure you stream it and cut through. That’s great.
0:24:28 – Frank Curzio
Yeah, definitely, definitely. All right, let’s move on here. Let’s go to NVIDIA’s reporting after the bell. Dan Ives was on CNBC earlier. I like Dan Ives and he was saying how we’re in the second inning of the AI megatrend. I agree with that. If we’re even in the second inning, I don’t think people realize how big this is going to be. As big as your forecast is times that by 10. It’s just incredible the productivity gains and we’ve talked about this numerous times.
But he also said a few things. He also said that Palantir. He was talking about part of the AI trend. He said it’s going to be a trillion-dollar market cap company. The stock’s $120 a share. We’ve been telling you to buy it since 20.
A lot of people have been looking at valuations. I’m like they’re valuing it because of the way I valued Netflix and got that wrong, and so you’ve got to look at the total addressable market. It’s probably about 5x to 7x bigger than what everyone’s really analyzing for right and modeling for. So the stock’s now over $120 a share. If he’s right, it’s a trillion-dollar company. It’s something we said too. Palantir would be $400 a share and he just said every single thing that happens within AI, palantir is there. They’re the company that everyone goes to and that’s the thing. They can come into any major company and make AI work, like on day one, which is insane, right, and nobody could do that. And that’s when you look at CoreWeave Nobody could provide NVIDIA’s top scale. You know, top chips, blackwell at scale, right. So when you have companies that are providing something for hyperscalers, who have, literally, are spending hundreds of billions of dollars on this trend hundreds of billions annually, right and just going to continue to spend this for many, many years going forward, when you cater to them, you’re going to see your profits explode, you’re going to see your margins explode, you’re going to see everything explode. And that’s what you want to buy, like the top tier companies within this, even though they’re going to be super expensive. You have to look at their total addressable market, because it gets bigger and bigger and bigger. And then they don’t look like that expensive, because if you look at a Palantir and say it’s trading at 200 times sales, it’s insane. It was trading at 40 times sales, 50 times sales, 70 times sales, at 20, 30, 50, and now it’s 120. Okay, so I get it, but you’re just looking at the wrong metrics and take it from me. I’m not saying it because I’m a freaking genius, because I’m not. I’m just telling you that because I’ve made that mistake in the past.
Now, when you’re looking at NVIDIA and getting back to them, if you look at all the data centers, Daniel, today they’re all powered by the H100, h200 chips and they’re already outdated. I’m not saying they’re outdated to the point where they’re not working. They’re fine, right, but you already have like I don’t know if I’d call it a replacement cycle, because I don’t know if they’re going to go in and replace those, but everyone’s dying to get their new Blackwell chip. It’s massive, massive demand and they don’t have enough supply and it’s basically the only chip in the world that matters. They have no competition. I mean, people are competing against the H100, and then they came out with the H200, and now the. They’re an ai company.
But if you want the best and the greatest in the world, this is what you have to do. If you don’t buy them as a hyperscaler, you’re behind light years. You can’t buy amd chips. If you’re microsoft and try to compete with, you know the oracles and amazons who have the blackwell chip you just can’t. Your systems aren’t going to be as fast as that, right? So, uh, and your ai systems now they’re reporting after bell.
Today you have jensen wong’s going on kramer after the show, which is, you know, after the bell, where he reports. I don’t think that jensen wong would do that unless the numbers are going to be great. However, is that your tell? Yeah, it’s pretty much like you don’t make arrangements to go on a show afterwards if you’re going to blow the numbers and it’s going to be horrible, right, it’s pretty obvious. I’ve been doing this for a long time and seen, you know, been part of Kramer and stuff like that and seen the CEOs you don’t have CEOs dying to be on a show and go like after, you know, after they report, after the numbers are freaking horrible, right? So, however, nvidia reported great earnings last quarter and the stock crashed and it fell more than 25% under 100, which we said. Listen, buy the dip aggressively. Buy the dip and the stock’s 135 right now.
You’re looking at the quarter, Daniel, china’s going to be a headwind, of course, but when you’re looking at the numbers, china is a very small part of overall revenue. It’s kind of like a $3 billion headwind for the company and you’re like, holy shit, $3 billion. That’s a lot of money for 99.999% of companies, but not for NVIDIA and not for Apple, not the hyperscalers, because, to put in perspective just this quarter, they’re expected to generate $43 billion in sales for the quarter. And if you look at Middle East, which just opened up a brand new opportunity, even Dan Ives came in and said, look, this could be a $500 billion to a trillion long-term opportunity for them. So you’re going to see constantly, with the tariffs and the deals that they’re going to sign, they’re going to bring this roadshow. All those 10, 12 CEOs the Boeings, the IBMs, the NVIDIAs, all these guys are going to be just traveling country to country and say, hey, trump’s going to point to these 12 guys and say these are the greatest guys in the world, the greatest companies in the world. You have access to all their technology if you sign a deal with us with tariffs, and that’s what’s going to happen. So you’re going to see more markets open up.
I think today, nvidia beats the numbers. They raise guidance. I can’t see NVIDIA not reporting a blowout quarter. It’s just a matter of if this is already priced into the stock because shares are up 20% for the month. If you do see these blowout numbers and they offer strong guidance and the stock falls.
One thing to take a look at is margins. That’s what hurt the stock last quarter, but that should have been priced in, just like I said the quarter before. Listen, margins are going to be a little weak right now but they’re going to come back towards the second half of the year. Let’s see if that’s true. He has to come out. If they didn’t come out this quarter, he should say towards the second half of the year. He should raise those margin requirements wherever they are at 70% because they fell short last quarter.
If you do see a significant pullback and they have strong numbers, it’s going to give you the opportunity. If you own it, don’t be pissed, you’re fine. It’s going to give you the opportunity to buy the stock again. We’ve traded numerous times for our portfolio with our Dollar Stock Club portfolio, which is attached to Wall Street Unplugged Premium. But I think you’re going to get a blowout quarter from NVIDIA, otherwise Genswan would not be on Kramer’s show. I hope I’m wrong on this. I really do. I hope I come on tomorrow, wall Street and the Club Premium and the stock’s down 15% and they lowered guidance and shit like that and I’m going to be like dude, what’s this guy doing going on Kramer’s show, like you didn’t have to go on Kramer’s show he’s on Kramer because Kramer’s got a good access to him oh, I’m not, yeah, I’m not.
0:30:32 – Daniel Creech
But it’s just funny how, Frank, you know, when it comes to this, numbers don’t matter. I will take the under, though, because CNBC did the goofiest thing. I can’t stand it when you’re watching sports and they try to jinx people. You know like a guy goes to the foul line of basketball and they put up the stat and say, hey, so the end. So CNBC’s silly trivia question today was how many consecutive quarters has NVIDIA beat expectations when it comes to earnings? Frank, I don’t know.
And of course, the play here is you’re going to guess some crazy high number, because you know NVIDIA is the greatest company in the world, and it was eight. That was the answer. Eight quarters, two years, and of course, everybody’s like oh, I can’t believe that. They’re so amazing. You know why not, they don’t matter, it’s all about guidance. So I’ll take the under just because I’m having fun with CNBC. Yes, no way spending. I mean, Frank, let’s just have fun here. Nothing has changed. You hit it exactly right. It’s a buy on the pullback, because if something significantly changed tonight on their comments from two and a half weeks ago, that’s a big problem to worry about. I just don’t see how that happens.
0:31:30 – Frank Curzio
No, and a lot of. Look, the stock’s up tremendously. You got to pay attention to that because even if the numbers are good you’re like the numbers are good how come the stock came down? Well, it was under a hundred a couple of months ago and it’s up 20% since May 1st basically, so this month. So it’s up a lot leading into this. Expectations are very, very high. Maybe they meet them, maybe it goes to a new high, which is in the 150s.
But, you know, nvidia is part of the greatest trend that we may have ever seen in technology. You could argue that and I would argue that it’s a trend that’s going to be around for decades and they are light years ahead of everyone else. And the biggest companies in the world that have the, you know, hundreds of billions of dollars, you know, in the balance sheets, need their product. So you’re looking at a company that could become the largest company in the world, really based on market cap. It absolutely could. We could see that and continue for many years if they keep this up, because they’re just light years ahead. You got to credit Jetson Wong for partnering right, not saying, hey, we’re keeping these chips to ourselves. They’re like, okay, we’re not just going to be a hardware company, we’re going to be a software company, and I want to go to the CEO of every single major company, a Fortune 500 company that buys our chips, and create personalized systems for them and wrap it around these systems.
This is 10 years in the making. This isn’t just like hey, we just came up with this idea. This isn’t Core. This is in Corweave a couple of years ago. I mean, he’d seen this. He was just like this is what we need to do. We need to partner with all these guys. The reason why all the biggest companies in the world get on stage with him and I’ve been to his conference at the Consumer Electronics Show, where he headlined it and had to cut the line in order to get in this freaking conference because whatever it held 15,000 people there was probably 45,000 people there, thousand people there, uh, and just the companies that they deal with and how they have partnerships with, and there’s not anyone, anyone that they partner with that does not love nvidia. I mean, they love working with them, they, they.
It’s so big when it comes to business, when you have great partners in business and that help you out, and what they’ve done is just there’s just no competition. They don’t even talk about the competition. It’s not like verizon’s talking about at&t and how we’re beating them. It’s not like Verizon’s talking about AT&T and how we’re beating them and software companies and Salesforce talking about, you know, co-pilot, sucks and shit, like they don’t even mention the competition because there is no competition for them. So it’s crazy.
I don’t know what the stock’s going to do today when they report. But just if it pulls back, guys, you know, just buy it because, because it’s probably going to go a lot higher and it’s not an expensive company anymore. It’s just that the way this company’s growing revenue earnings, it’s not an expensive company, probably based on growth, the cheapest company out of the top 10 biggest technology companies in the world. This is probably the cheapest, even more cheaper than Google, again, based on growth and how fast this company has grown. So, yeah, nvidia, we’ll see. We’re reporting that tomorrow and cover that a lot more in depth tomorrow on our premium podcast. But I don’t know if you had anything else to finish on NVIDIA. Nope, negative, all right.
So let’s go to nuclear. Let’s go nuclear. So nuclear it is. So Trump, a couple days ago, issued an executive order to increase nuclear infrastructure and production considerably Right, considerably in the US. So this includes increasing the US annual uranium requirements from 47 million pounds to 190 pounds. So it’s a 4X increase. We import most of our uranium. If you’re not familiar with uranium in the industry, I covered it for a very long time. I brought in top CEOs from major companies. I brought in the former defense secretary, secretary of Defenseencer abraham. Uh was the defense or energy, but uh, former secretary of energy, not, not defense no, second says secretary of energy.
Sorry, but it’s coming into defense now with nuclear. They’re gonna get to that in a second. But uh, spencer abraham out in this podcast, uh, just, you know great contacts in this industry. Just see the supply and demand imbalance. We’ve watched uranium stocks go in the past since COVID, and prices have gone up from the twenties, a few years before COVID, into a well over a hundred I think it was like 107, 110, maybe then pull back considerably. We had a five handle 58, 59. Now we’re back 70, 71, 72. And I’m going to tell you I mean this is amazing news because the us used to be one of the large providers uranium.
The oil companies used to produce a shitload of uranium and then, you know, three mile island, a lot of stuff happened. They said, okay, we’re not going to do it, but it’s okay for everyone else to produce it, because if anything happens, we’re glad you kill other people in other countries, right, okay, it’s like. It’s like. You know, global warming, like you know, you want to cut emissions here, even though we besides 12% of carbon emissions, but we’ll buy all the products from China, right, and all the EVs and all the batteries and stuff like that, and critical metals and rare earth metals and stuff like that which destroy the environment. It’s okay if you do it in another country, right. But just besides the point, I think it’s funny when you talk about stuff like that. I won’t go down that rabbit hole. Look, when it comes to uranium, we’re in dire need of power, and this is due to AI and hyperscale demand. So you know, uranium stocks have been soaring. They’ve been soaring over the past month on this news because they’ve gotten annihilated before. That it was amazing. The bull market’s intact. Then you throw in AI and all of a sudden, uranium prices came down a ton and a lot of these names got hit.
But if you’re looking at uranium stocks a global uranium ETF, Daniel is URA. It surged from $10 to $30 from 2021 to 2024. It’s a major move. This is an ETF. Of all these companies, some of them surge even more. It pulled back 50% and this was just in April at 20. And now it’s at 33, which is an 11-year high Amazing, considering you would think that uranium prices are a lot higher. They’re still more than 30% off their highs. I think it’s $72, $73 a pound right now. But now you’re seeing this. You have chemicals at an all-time high. You have Denison, nextgen, uec up about 25% in the past week or so. With that said, uec, denison, nextgen are still down 20, 25 percent from their highs, probably giving you an opportunity if you want to buy them. I think that this is incredibly healthy.
You see these bull markets we just saw with AI, this massive bull market, then this huge retracement and then you get back to that bull market again. Same thing with nuclear. You have a good regulatory environment, a good administration that’s behind this, and I think you’re going to see much more production. You have a good regulatory environment, a good administration that’s behind this, and I think you’re going to see much more production. You’re going to see more supply come off the market, massive demand. I think it’s a good time to buy these names. I think they’re finally going to take off. We’ve been in them for a while.
A lot of good names in there. So really good news and good for them, because we have a lot of diehards in uranium. You go on Twitter and see these people. I mean they die hard. They have like 50, 60, 70,000 followers. Some of these guys, that’s all they do is talk about uranium. It’s been a real shit show for, I would say, at least nine months to a year and a lot of guys are like I’m done with this, I can’t take it anymore, and that’s usually the capitulation. And now you’re seeing a lot of these I’m done. That’s usually the sign to me to take a step back and that’s usually the bottom. So you see that, uranium, I still think there’s a lot more upside left in this industry.
0:38:21 – Daniel Creech
Yeah, I don’t know who the hell said you can’t pick the bottom. It’s just they meant buying. You can definitely pick the bottom, you just sell. I again, it’s not legislation, but it’s it’s working towards that. I definitely think that these tailwinds are going to be huge. You’re right. I look at this buying back as a pulling opportunity.
Frank, when I covered for you, I threw out GEV, ge Veranova, southern Duke and I can’t remember the other one off the top of my head. But it’s a long term story and if you think, if you believe in AI, you have to believe in power generation. And I’ll go to one of the most hated guys, but smart, Frank Elon Musk warned in one of his interviews recently that looking next year, a year from now, essentially, you could start to see situations where you’re not generating the power needed. And you know this is this is even over my head. When you try to, I mean it’s not, but just think about this for a moment, like when you think about replacing anything, which is a lie and a farce. So don’t worry about it. Frank. There’s a newer aluminum smelting operation in Oklahoma. Okay, however much it produces, just listen to this. The concept is that facility uses more power to make its products in aluminum than Boston. The city of Boston is, ok, like that is amazing. And I’m not saying, oh well, we got 15 aluminum plants going up. I’m simply saying the demand for power is going to be off the charts for the next considerable years.
If you believe in the AI trend and you just want to have exposure to that and you just want to have exposure to that, and if you get headlines, if you know if Elon Musk is half right, Frank, and you get serious headlines going, hey, do you really think we can generate X amount of power that we need? And you think stocks are. You think some stocks are expensive now in this trend, do you agree or disagree, Frank? We get a headline that says, hey, power might be. You know, I think prices skyrocket, yeah, skyrocket. I hope that doesn’t happen. I’m simply saying that optionality is for higher, not lower in this trend. So, yeah, this is a no-brainer buy on any pullbacks if you stick with the names that you know Frank just mentioned in a handful that we’ve talked about on a considerable basis, because, um, keep it simple, power is the most important thing, like that’s awesome.
0:40:34 – Frank Curzio
We talked about this, but also you could really go into. You mentioned a couple of stocks, but like Constellation, SMR NuScale.
CEV. You talked about GV Rona a lot. The 52-week low on GV Rona is 150, and it’s trading at its all-time high today, which is 475. Okay, so the stocks that are working, even though the market’s flat on the year. It’s amazing when you see the names that are working and the names that have pricing power, the names that aren’t affected as much on tariffs. It’s not a lot of them, but you’ve seen like the Netflix take off. You’ve seen the Palantirs take off. There’s just the Corwes take off.
I mean these dramatic moves where I don’t know if it’s algos and money forcing into these, because that pool has shrunk as interest rates have gone higher. Right, because you had this, oh, this massive growth and everyone’s growing. Let’s get into the banks. That’s great. Great Banks are really great right now. And then you had like infrastructure stocks at one point, but then you have tariffs and now you’re seeing there’s a select few companies I think that it’s shrunk by one where you have all the hyperscalers going up. Not all of them are going up now, right, so we saw Tesla pull back tremendously, right? Those were part of that group maybe a year and a half, two years ago, where all of them were going higher and going to new highs. Now you’re seeing the select companies that are getting it done that continue to see contracts, continue to see massive revenue growth and the premium that they’re getting is much higher than the normal premium. So is much higher than the normal premium. So maybe they traded 30 times forward earnings. Now they’re going to be trading at 40 times forward earnings. That may seem like a lot, but when you have a smaller pool of companies that are getting it right, that are growing fast on the overall market, that’s where you’re going to see money pour in, because eventually a lot of these companies fill into their valuations, just like the Microsofts did, just like the Apples did.
These are companies that are trading at. Almost all those companies that are like 20, 30 years old. At one time they were trading at 100 times forward earnings and nobody touched them back then and they’re up 30, 50, 100x right. So because you’re like, holy shit, they’re so expensive, their PE is 100 when you’re not looking at their total addressable market. But a lot of these names are starting to see more money flow into them. One name I would say to be careful with is Oklo. So Oklo is a company that was $5 nine months ago and it’s 55.
So this was a SPAC in 2021, led by Sam Altman, and the company builds SMRs small module reactors and I think this is a complete pipe dream of this happening. I really do, and I’m going to tell you why. And listen, sam Altman. Daniel and I had an interesting conversation on Sam Altman yesterday when we were at the dinner, so I published for Veronica’s here, so we all went out to grab a bite and a couple of drinks last night. Sam Altman is a guy that could raise an amazing amount of money, who’s absolutely brilliant, but you don’t have a lot of people that trust him and when I see that, it makes me worried. When you have a lot of people leaving him and saying, basically wanting him to get fired from CEO of OpenAI because they didn’t trust him, because he lied to them, you’re lying to board members. How do you lie to board members? It’s very easy. Those are people that you should have to trust the most, since they’re involved in your $300 billion company. That’s the worth of that company. But he could raise a shitload of money and it’s great. I get it. It’s a good name.
On this, smrs guys, to me is just a pipe dream. This is a company. When they they first did the SPAC, I think it was worth $500 million. The valuation is insane. I’ll get over that in a second. They’re building their first plant, which they said in 2021. And when it went public, they said it’s going to be done by 2026, 2027. Now it’s 2028. It’s probably going to be done in 2029. It’s insane because the company has a valuation of $8 billion. That’s their market cap. $8 billion. It’s not going to generate revenue. Not earnings, not earnings revenue. They’re not going to generate revenue until 2028.
Think about what could happen from now until 2028, whether it’s interest rates, whether you’re worried about the dollar, whether a market crash, a recession anything pushes this stock 75% lower, with the risks that you have to take on. Will it go higher in the short term? Of course it will. Altman’s, altman’s there. You know it’s going to go a little bit high. Just be careful, because if you could buy long-dated puts, I think this thing is tremendously overvalued, and it’s not just because it’s not going to generate revenue. You could generate revenue.
We saw that with LNG facilities. Like they didn’t generate revenue. It was a volatile stock. But you said okay, here it is. They’re going to generate money we’re exporting. Those are importing LNG at one time. Then they’re exporting because of fracking and Shinier exports LNG which you know they can export for the country for 3x to 4 unproven. And when I say unproven, it’s unproven because no one has come close or even not even a smidgen have been able to scale this. Also, forget the regulatory hurdles, because getting these approved in the US require local, state and federal, which you’re going to need, which is almost impossible because politics is really, really tough. So, right now, now, if you’re looking at ai workloads and I’m going to break down some of this, some of the stuff for you, right, because I know you want to say some stuff about sam altman, your favorite guy in the world I don’t workloads.
Okay, our data center capacity right now is 44 gigawatts gigawatts for ai workloads. Let’s say, by 2030 we’re going to need to increase this by three and a half times to over 150. Okay, this is several consulting firms. This is just based on demand that you’re seeing right now. Some people think you’re going to have to increase it 5x, but 3x F we’re on the pace that we’re at right now. It’s over 150 gigs.
Remember, remember that gigawatts SMRs are going to produce probably around 200 megawatts of power. Now some say they can be 350 or it could be 400, but they also say it could be 20 to 50 megawatts. So let’s use 200 megawatts as higher than the average 200 megawatts of power. So five of these equal one gigawatt, which we need 156 over the next five years, which this technology won’t be available in the next five years. It’s not going to be 2028, trust me. So 156 gigawatts of data capacity. That amounts to you’re going to have to produce 780 of these SMRs to just cover that 780. So maybe they take up whatever 5%. It’s just putting the numbers in perspective of how much energy we need.
And even if you get this approved and even if you’re able to scale this, the fact that they don’t produce a ton of megawatts and they’re not even going to be able to produce gigs from these systems. Look, there’s only three in the world today these SMRs, and two are in China and one is in Russia, and if you notice those places, you have one guy that makes the decisions there. They say, okay, do it or don’t do it, and no one says shit. Or you get thrown in jail, or you get your head chopped off or whatever. Right here you go through a massive, massive, massive, massive, massive process and it’s not just going through like the House of Representatives or getting bills passed and getting the executive and signing off and shit like that. You have to go through the local as well. And these you know, you have a lot of. You know. Again, these judges are coming out even to Trump orders and saying, no, we’re reversing these orders. It’s hard to get it approved through that whole process. If you have one of these things that leak or whatever, this is brand new technology, holy shit. So good luck with that name If you own it, if you’re going to trade it, you could trade it.
It’s probably going to go higher 55. Maybe it goes to 70 or 75, but I’m telling you it’s a company that could easily lose 75, 80% of its value over the next two years because you have no news coming in. This is SpaceX. We’re going to all go into space. It’s still generating no revenue. Nobody’s going to space, okay. So you’re going to run out of money eventually, and they have a lot of money.
If I was them, I’d raise a billion dollars right now. At this level, you’re an idiot. If you don’t raise another billion dollars, they probably have a two, 300 million in cash. Raise a billion dollars right now. Take the stock price down 15,. Who cares? Now you’re good for another two, three years, that’s fine, but do it now, your stock price here, because that’s one of the names where I’m like holy shit. I mean you know that’s what’s the next gen. Next gen same thing. I mean great, great deposit, high grade, expected to produce already it’s probably not going to produce for another three years from now. It’s just when you see this trade you bring in so many risks over time over the next two, three years of what could happen on the macro level that could really crush these stocks that aren’t going to generate any revenue, not profits, any revenue. Just be very careful with that one.
0:48:40 – Daniel Creech
Yeah, hey, you were close. According to Capital IQ, they have they. How do you say that? Is it Oklo or Oklo? I think it’s.
0:48:48 – Frank Curzio
Oklo it might be, I’m not too sure.
0:48:49 – Daniel Creech
They have $201 million in cash on the books, according to Capital IQ. So yeah, they had to do a big raise lately. How?
0:48:55 – Frank Curzio
much in cash $201 million.
Yeah, $201 million, yeah, and plus. Listen, when you do a SPAC, you’re getting a ton of money in, right? You’re basically saying, here, retail, this is one that went down to five, so annihilated them for a long time, and now it’s going back up. I don’t know if retail investors held on through all this, but the average SPAC, I think, is down 95%. That came out.
We’re talking about hundreds and hundreds of these things all over 200 of them that came out and they were designed to wreck retail investors and to make a fortune for the insiders who bought these things at $1, $2, $3, all these pipe deals and then they sell them to 10 retail investors and then these guys cashed out and had warrants that they didn’t have to disclose. And the SEC is like well, we hate crypto, we’re going to go after crypto. Yet you have it right in front of you Wall Street actually destroying investors and fucking them. Sorry, I can’t say that any clearer, but it’s ridiculous. When we have a regulatory authority that’s supposed to. That’s what they say hey, we don’t want you to invest in crypto because we’re looking out for the investor Bullshit.
You’re getting paid lobbying dollars to basically close down the firms who you don’t agree with instead of really focusing on helping the individual investors. Because it’s very difficult. I’m a professional. I know how to analyze these things. I see who’s full of shit and who’s garbage, and most of these were garbage. All the institutions rushed in and said, oh my God, this is the biggest money grab we could see. Look at this in 2021, 2022. Right, and then, before the whole thing, you know the shit hit the fan. A lot of these things are going out of business. This is one. Be careful. I mean, look, it’s a good idea, but SMRs everyone I talk to this is something that’s probably not going to exist before 2030, especially on scale.
0:50:36 – Daniel Creech
And this company’s trading as if they’re producing 100 of these a year right now at an eight billion dollar valuation, which is pretty insane. So you just be careful, be very, very careful. I agree on that one. Yeah, I, I’m surprised, it’s. Uh, that’s funny. It’s one thing not to see earnings for a while. That is awesome about revenue, isn’t?
0:50:44 – Frank Curzio
it crazy.
0:50:44 – Daniel Creech
You gotta give them credit for that. But hey, it’s an idea. It just shows you. When people tell you, oh, that can’t happen or’t continue, just listen. You’re not paying attention to markets if you don’t think things can be crazy. So just don’t let that make you crazy. Yeah, yeah, it’s a hell of a story.
0:50:57 – Frank Curzio
If you’re in it, enjoy it. So, yeah, so, and just out to just at the wires too when you’re looking at oil, you know, because we got a little time left here crude oil production, so they’ll be assessing further production steps for July output over the weekend and stuff like that. So we’ll see you know through OPEC. And yeah, so OPEC is cutting roughly 2 million barrels a day until the end of 2026.
0:51:22 – Daniel Creech
Oh, they’re going to cut.
0:51:24 – Frank Curzio
That’s under the formal policy under the formal policy. So you know.
0:51:29 – Daniel Creech
Frank, this is like trusting a drug dealer If you can’t trust a cartel, who can trust to tell you what they’re going to do next?
I mean, how do you get the trust of cartel you go to and sign deals with our AI companies, which is something has to be there because, um, the they recently raised production and you could argue well, there’s no reason to do that other than being favorable for Trump. There’s some deal going on back there. It’s got to be on the Russian side and sanctions. And of course, there’s Iran. There’s a mess there, but oil is, yeah, that, that that’s, that’s fun to opine on, I agree.
0:52:01 – Frank Curzio
Yeah, we’re at $61 $62. I just think oil right now. I think it’s a steal. Some of these companies are just positioned well. It’s amazing how you’ve seen the stock price come down. They’re raising their dividends because the balance sheets are so strong.
We covered a new recommendation and they’re producing at $38 a barrel. They also they’re hedged at like $68 a barrel for 2025, full production and even at $64 a barrel through the next couple of years, which is good. That’s guaranteed cash flow coming in for a company that went from $9 to $3. That we just recommend like under $4. So we just recommend that for under $4. So you know, we just recommend that for small, for currency venture opportunities a small name that I just went to go visit, but there’s.
You know there’s a lot of good deals within the oil patch. If you see 65, $70 a barrel, which I think you’re going to see, I think a lot of the negatives are priced in right now, especially if interest rates come down, especially with all the stimulus coming in from China, it’s got to stimulate a little bit. I know it hasn’t worked yet, but we’ll see. I just think there’s more positives and negatives for oil at this price, not at 90, not at 80, but at 60. I mean, you’re looking at I don’t know if you see a lot of downside to really good names that have great balance sheets, that are producing well, that cut costs that could just it used to be $12 million to do well as a company.
We just recommend it’s $5 million. They cut it down to using the right service providers and everything just the drillers, the capacity, the technology. It’s unbelievable. Unbelievable. Being on this site and being on a rig that’s actually drilling, with these pipes going in and then going underneath and going two miles away and the sound that you hear how to wear all the right gear and the safety gear and stuff like that. It’s incredible to be on these sites and see what these guys are capable of doing. Holy shit, it really is amazing. But at $60, I think there’s a lot of upside and especially in small caps within the oil space that you can do pretty well on and that’s your industry, right, Daniel?
0:53:40 – Daniel Creech
Yeah, man, we are. Hey, energy. I told somebody this the other day, Frank, you always have to pay all the time. And I was at the. Uh, I was at a bar as cigar lounge and a guy asked me I was reading long story short. I asked me hey, what are you reading about? I was reading about energy. And he says why do you think energy is so good? And I assumed because he was talking to me, he was going to agree with me or whatever. And I said oil and gas is the easiest bet against dumb ass politicians. Well, he was more of a greenie than I, so that didn’t go over too well, Frank. But whatever, that’s the easiest thing I can say Oil and gas is the easiest bet against bad policy.
0:54:14 – Frank Curzio
What did he say to you? Did he yell at?
0:54:15 – Daniel Creech
you? No, no, he was nice. I mean he didn’t talk a whole lot. You could tell it changed the tone of the future conversation. Let’s just say I got back to reading quickly.
0:54:26 – Frank Curzio
Yeah, I can’t believe you pissed off someone. When it comes to politics, it’s so weird, I know.
0:54:30 – Daniel Creech
I know I so, like you, I didn’t even have to. I didn’t have to. Oh, we’ll move on. Yeah, we’ll move on. Look at the time. See you tomorrow.
0:54:37 – Frank Curzio
See you tomorrow. That’s it. Yeah, you better off keeping quiet. So, guys, listen, there’s going to be a lower price where we’re looking to scale this. We’re going to be calling it the Curzio Club, which is awesome, and we might have like one or two special podcasts for the Curzio Club. It’s not even going to be a podcast, it’s going to be kind of what we’re doing right now, but just updates that you’re going to have access to through this membership.
And what I want to do is because I always felt like this is you want to do what’s best for your customer. Because if you really do and over my 30-year career, if you make a customer happy, or even if they’re angry and you solve their problem and say, listen, this is my fault, how can we? You establish a relationship for life, and we have a lot of relationships for life, and people have funded this company, have helped me tremendously, have believed in the vision and stuff, and for us it’s never been about, okay, what’s the best thing for us? To make the most money right away, and we think that separates ourselves from competitors. But one thing I know is it’s beneficial for you to own all of our products and not just one, and we have a large cap product. We have a small cap product that’s more aggressive. We have an AI product. That’s great. It’s fascinating.
A lot of names that you probably never heard of that are in there. And we have a crypto product, right. So when you’re looking at those products that we have, there’s certain times where they work and there’s certain times when they don’t work. And when you’re a subscriber to Bitcoin, which I was like, bitcoin is going 100,000. We were right and not seeing a follow through through a lot of these names which I know we’re going to see and we’re starting to see them pull up. It’s starting to go up now in terms of the altcoins. You know there’s times that crypto makes sense. There’s times that AI makes sense, where you know it was a good six, seven, eight months where I was annihilated, right, and you’re seeing a lot of these names go up tremendously. There’s times when, hey, large caps look tremendous. Here I mean, if you could buy one of the hyperscales and get, you know, average 25% a year on one of the biggest companies in the world with massive market cap, huge margins growing. You know that’s supposed to be like a safe stock If you can buy energy stocks getting a nice dividend. Now these are new growth companies, right. And then you go into small caps where, hey, you should have a little exposure to maybe a lot of these small oil companies or biotech companies that are doing great. You know these specialty names.
But having access to all of this at the same time is the best benefit for our customers, the best benefit for you, right, and our subscribers. And having one product where not every product is going to work forever unless you’re in technology for a while. You know, for the last 12 years, right? Or Bitcoin, but not. Bitcoin’s been extremely volatile and people like holy shit at times, but it’s all time high. But I think you guys get the point. We want you to have access to all these at an affordable price, where we usually charge three grand to five grand for every one of these products and we run a lower tremendously and create this Curzio club, and that’s what we’re really excited about here, not just that our consulting and marketing division is really doing well.
A lot of these companies trust us. It’s not just marking them and bringing attention to their stock, but helping them on the consulting end, because I’ve, you know, been part of companies and analyzing companies for decades. So you know being part of them as well and helping them and the news flow and spreading it out and telling them, look, this isn’t going to work or you know, this isn’t what people want to see. Don’t follow this stupid thing that people are doing just temporary to get the stock price up, because it’s just going to result in more traders and not real investors in your stock. And a lot of companies we work with have really cool CEOs that give a shit, that own a lot of their stock. I mean, we’re very particular of the companies that we work with and we have a lot of demand and companies coming to us because this is what they want. They’ve paid so much money for these services. They’ve not gotten a great return on their investment a shitty, shitty return on their investment. So you know, along with that and the publishing side you know just the publishing side you’re going to see some changes and make it better for you guys, and we’re in the middle of that. So you know, expect to see some of that We’ll get.
I love to hear your feedback. I love to hear it, even if it’s constructive criticism, whatever it is. You know, this way, more than 95% of our customers are going to love this. There’s always going to be people like oh Frank, what are you doing? You know this is people that are pissed off. I mean, you know there’s people that win the lottery and they’re pissed off. They got to go pick it up, right, they’re going to be pissed off, no matter what. I got to pick this shit up. They can’t send me a check, direct deposit. People get pissed. Fucking life because I’m sick of it. I don’t want people around me, but it’s just. You know there’s people that are going to be negative and just down themselves, no matter what. That’s not what we’re doing here and I realize that in business, you don’t want people like that part of your business, but expect some changes.
I want to see, you know, I want to hear from you guys, if you can, Frank@curzioresearch.com and yeah, really, really cool, as well as our Curzio One Conference, which is going to be in a few months. We’re going to be sending out information, our first conference ever for the One, members and investors and stuff. So if you ever want to be part of that group, please you get to talk to me personally, which is really cool, and that’s going to be our first conference and, yeah, we’re going over about that over the next month or so. So really good stuff. Questions, comments. I’m here for you at Frankcurzioresearchcom, Daniel. What is your email, Daniel, at?
0:59:33 – Daniel Creech
Curzioresearch.com.
0:59:34 – Frank Curzio
Yeah, and Daniel loves to talk politics, so email him about anything about politics. When you do email, I do, I talk politics. Well, all right, guys, listen, we’ll see you tomorrow at Wall Street Unplugged Premium.
0:59:53 – Daniel Creech
Thank you.
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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.