BUYING THIS NOW!‼️

[00:00:00] Speaker 1: What's up, good people? Welcome back to Stock Up with Larry Jones. It's good to be before you again. I am buying some stock right now. I'm going to briefly go over what we bought on yesterday and what I'm buying today. You know, we bought some Google yesterday and I'm buying some cyber security today, but it's not Palantir, right? So just hold on one second as we rewind and go back to yesterday first. So just like we said on yesterday, after the FOMC meeting, after the Fed's press conference and rate decision, we had Microsoft and Apple, Google. Microsoft went up, Google tanked. And then what happened? This morning we had PCE. The PCE numbers came in in line with what was expected, but what was expected was for inflation to be hot still. Inflation is not cooling off. And so that's why it went down the market that is. And then after closing bill, we got Amazon and Intel, right? So that's what we got going on. So on yesterday, uh, we bought some ticker G O O G Alphabet, AKA Alphabet, Google, right? And so here's what happened. We went over this yesterday and I showed you guys, this is where I was buying. Okay. Every time it went under the 150 day EMA on the two day because Larry likes to value cost average, not dollar cost average, but value cost average. I buy bigger chunks. When we hit that 150 day, uh, moving average on a two day timeframe, right? This is Larry, right? So, um, remember anything I say is not a suggestion for you to buy, hold, to sell. Well, what happened? It blew beneath there and it's there right now. We're at two 80 at the time of filming this. Now, do I care if it goes beneath that and it is more red, uh, on Friday? No, I do not care. I wasn't trying to time the bottom. Like I told you on yesterday, yesterday, I was going to simply buy more. Okay. I was going to buy more. And so that's what I did. Listen guys, before I go into, um, the next stock, go ahead and hit that like, subscribe and notification bell. If you like what I'm putting down, if you're picking up what I'm putting down, make sure you hit that like, subscribe and notification bell and make sure to dingle all okay on that bell. All right. So let's talk about the stock. Get right to it. That I'm talking about. And that is ticker symbol F T N T. All right. Fortnite, Fortnite. Okay. Fortnite is what we're looking at. We're not playing video games. Fortnite. As you can see right now at the time of filming in this, Fortnite is down 22%. Okay. And over the last five days is down 25%. over the month is down 23%. Let's just go year to date. It's still up 70%. Now let's look and let's see what Fortnite is. Okay. What is it? Right. Fortnite. Uh, now we'll come back to that. Let's see. Fortnite is a cybersecurity company guys. We already know it's a cybersecurity company. Uh, you can scroll down, read the latest news and you can go to the profile. Fortnite Inc is an American cybersecurity company headquarters in California. Guys, you could see that. All right. U S Canada, UK founded in 2000. That's what, uh, this company is, uh, Fortnite. Right. And so we could see why it has come down because I don't care about, uh, uh, earnings. I do care about earnings. Okay. But a lot of these companies, if their forward guidance is, uh, revamped, so they say, Hey, we're going to throw the football this far. And then they go, well, we're not going to throw it that far. We're going to throw it a little shorter. Sometimes that's enough to cause the company to come down without complicating it. Let's look at levels. Shall we write to it. All right. Here's where I'm buying. Okay. So it hit here. We started buying right, right now is at 135 28. Larry is buying under 136. Okay. Larry is buying under 136. This is not financial advice. I'm not a technical analyst. Okay. I know enough to be dangerous, but you could see, we wick down and literally briefly touched the, uh, 150 EMA right here. Boom. So this would have been the opportune time to buy it right, right there. Boom at 127 and 74. That would have been the opportune time for me to buy it. Okay. But I didn't catch it there. I called it down here, but I didn't catch it there. So I would have a stop loss kind of tight here at 123 50, because if it breaks 123 50, it could go into a free fall and it can fall down to 114 20. Okay. So that's what Larry is looking at. All right. So I know some of you analysts out there that are brainiacs notice stuff way better than I do, but this has made me money. I leave myself room. These types of things makes me money. So Fortnite is what's happening for me today. And that's what I'm buying. So let's go back to Fortnite. Okay. Fortnite. I keep saying that. Oh, of course guys, we like to look at the financials. We do. We, we just briefly want to look is revenue and income coming, going up. Yes. We had a flattening here, actually a downturn in revenue, but, um, in net, uh, net income continue to go up quarter over quarter. And then we rebound here and got back on pace. So we should have been here, here, but we had a pull back and then boom, right there, quarter over quarter. Okay. So this is what I like. It is beat down. As you could see today, if you look right now, it is down by 22%. Now it's cybersecurity. I get it. You're not going to have cybersecurity is a foundational building block. Okay. For AI, it just is right. And so what you could do is you could build your own, uh, cybersecurity ETF. So here's a few names for you to consider. We got, uh, Frontier or Fort Fortinet, sorry, Palantir, CrowdStrike, Palo Alto, and Cloudflare. These are some publicly traded companies that you could see out of all of them. You could see that Fortinet is down the most. And I know I keep saying Fortinet, all right. Fortinet is down the most by 22%. And you could see that Pan W is down also, right? Palantir is not that juicy to me, but if you wanted to build out your own cybersecurity ETF, I would put more money in the one that's beat down the most. And then I would dollar calls average down. Okay. So that's just something to consider. Right. And so I like to go here and look at what's beat down for the day. And this is what, what's beat down for the day. Google is beat down. Now ServiceNow is beat down for the day. You could see now is down 27. All right. Google's down 13%. Now Google's a massive company. So for it to be down 13% is a lot. And then Amazon is down. I may nibble on some Amazon. Let's just look at now really quick. Shall we? Now on now you could see that we are under the 150, uh, two day moving average. We came down here. That's 2022. And then it's probably liberation. Yep. Right there. And then we just went grossly under. All right. And now we're coming right back down. We're going to try to come right back down to the lows here of 89 bucks. Okay. So keep an eye on that. This is just not a one size fit all. Let's just go to the weekly. Okay. And let's try a 200 day moving average. Okay. Let's go to 200. And let's see how we look then. All right. So now we're on the weekly 200 day moving average. And we could see that we have plummeted below, but you must look at the company. This is not a buy alert. Now is not a buy alert right now, but it just may be, uh, right here live. I just saw it, put it on my radar. I want you to look at the financials. I want you to check out the earnings. I want you to check out why it's going down so much. You got your homework done. We want to see why is it down almost 27%. Okay. And then that may be a new gym for you to look at. Right guys. So if you haven't already hit that like subscribe and notification bell, and then hit more on your device, see the dropdown. Okay. 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