Watch CRWV, AI Memory as Crude Taps $100; SPCX & NFLX Earnings After Close

at 1873. Kevin Henkes is with e's live at the Cboe for our pre builtlaybook. And we'll start with the AI trade where yesterday we started to hear all the analysts talking about opportunity and buy on the dips. And a of chatter about why you should get in.d tt back around. Yes. At least to start the day. The you're seeing the the heavi in the Nasdaq down about well j under a half percent. Not a massive move but certainly down t micron down a little over 2%. I've got core. We've down 3.4% to start the day. Bu Nicole as you knows is just the start of the day. It's interesting that the the e-minis are only down about an eighth of a percent. not big moves in any direction, but we're certainly watching that group asy've been quite volatile lately. And as we drift towards earnings in large cap tech. x after the bell today. Space after the bell. Today. Tomorrow. platforms. That will be a big one. T will be a big one. So things are going to start getting a little more volatile, a little more whippyere. But we're certainly going to watch Nio Cloud. Certainly going to watch memory. Nicole look we were just showing core. We've they're down 3.5% and it's been hit so dramaticand yesterday it was Goldmanhs saying to buy it. Right. They were saying buy from a neutral. And so core we've was another name here that we're s down about 3.5% this morning. Nebulous down 4%. I ran, you know, some of the names not you know, it's interesting about the hyperscalers how last week, Thursday, Friday, when we saw the big sell off, the hard. I know Apple had ahit as downgrade today where price target cut. But the point ise ht insulated versus memory. And NIO cloud for example. Right. Exactly. And why. Well think about it. We're inching closer. We're we're about a week awa now from their earnings coming up for all these big hyperscale And we're going to get a real good indication when meta platforms comes out tomorrow after the bell. So yes, I would expect those names to start firming up here. People start to make little investments on those earnings. Remember those earnings are going to be massive. Now they still could disappoint the you know the stock could so down. It doesn't guarantee the direction. But you know the earnings per share the revenue are going be massive in a company like meta platforms. But there's other things going on. But with those stocks is CapEx going to be a problem again this quarter. So there's a lot of issues. Don't don't know if the stocks are gp or down, but the numbers will be big. Nicole. Yeah, indeed. Let's talk about what's going on with oil. I mean, we're certainly seeing the fluctuations and volatility. I saw 108 this morning as I was getting ready. I see 105. Now some of your thoughts on the oil print. First the public service announcement. Cru oil is not trading 108 or 105. Nicole that's the old contract. Your viewers have got to swi to the December contract. That's trading closer to 99 right around $100 a barrel. So the thell futures, the front contract where crude oil is being priced rig now has moved to to to the December contract. So right now I've got crude oil trading about 99, 80, 88 on the day. Sos very important futures. It's a very important part of futures. Once t a liquid and can be very volatile. So make sure you're contract in crude oil futures. Good. That's a good that's a good point. That's much better than the 105 that's up there on that board. But the 99 on this board is the accurate one. And I'll take that because that is better for our economy. Let's talk about the names that we're watching. Right. have space and Netflix after watch. 3MGM Chubb KeyBanc Capital One, also Space and Netflix. Let's talk about that. Yeah, the two that are really going to catch viewers attention is space X and Netflix. Netflix. Why? Because the sentiment is incredibly negative on this name. It's been sold off so incredibly. And it almost fee like the missed out opportunity to buy HBO and to buy w they they were trying to buy, they lost out to the ellisons. That has really put a negative t this name. And let's break. Let's face it, they're they lack new exc products that are getting viewers excited. But that could all change when the bar is as low as Netflix bar going to be. Anything make e a relief rally in one of these names. So Netflix is really worth watching because the bar is incredibly Space X now still getting to know space Xe as a company. So what Elon Musk says is going to be very important going forward. How he puts the future going. I going to talk about Tesla er. Isk about telecom and that and space X getting into the telecom business after their recent purchase. So there's a lot going on with space X. But that should be, you know, a ly gs like I said, post IPO as we get to know this company a little better. Yeah. Understood. I mean, look, we'll be watching for that and then we'll have on Wednesday meta, IBM, Tesla, Lam Research,exas Instruments, AT&T southwest. We'll have a big lineup. And I'm looking foto all of these to hear from these companies. Can we turn our attention over to the ho starts and permits? What we're getting there, please? Not surprising that with interest rates last week hitting 7.5% in mortgage rates,, touching five three last week, that housing sta are under pressure. And so here's t numbers starts that is measured. A housing start is measured wh start to lay the foundation of a home 1.221 million. That's lower than the 1.3 expected last month was revised from 1.275 to 1.28. But these numbers, still a miss on housingtarts now permits a little bit bet Of a number milli. That's better than the 1.387 million expected last It was 1.394. So a little bit better in the paperwork for future housing, but starts right now. Actual foundations being laid a miss Nicole so lot. Not not surprising. A mixed bag in terms of h with numbers not up to par on where they should be in terms ofstarte startsn 5% this time down 5.9% last tim right. Not great as you said as they lay that concrete In the meantime the permits seem to be a little more steady. It appears. Kevin Henkes always great to see you there