I Just Bought $77,000 Of This Stock

Welcome back everyone. Today on the Joseph Carlson show, I just bought $30,000 and another $20,000 and another $15,000 and another $12,000

of the same stock all within the past 30 days. The company's Mastercard. And I

days. The company's Mastercard. And I

bought way more of it than I even said I was going to. In a previous episode, I said I was going to buy 10 to $20,000 of this stock, but now I've bought a total of 77,000

just in the past 30 days alone. Meaning,

when we look at the entire position, it's now a staggering $183,000 position with only $34,000 in the green.

And in this episode, we'll be going over four reasons. Four reasons why I believe

four reasons. Four reasons why I believe Mastercard is in such a strong position today and likely to outperform. We also

have some big news to talk about. Google

starting to make Nvidia dance. They're

starting to challenge Nvidia's dominance with their TPUs. So much so that Nvidia felt the need to write an expost saying that we're delighted by Google's

success. They've done a great job, but

success. They've done a great job, but we're still way ahead by our GPUs. Don't

pay attention to Google. I have a lot of opinions about this new way that Google's challenging Nvidia with their TPUs. And I'm not the only one. We also

TPUs. And I'm not the only one. We also

have Mark Mahaney weighing in on Alphabet, talking about why he believes it's still today such a strong stock going into 2026. We'll be looking at Mark Mahaney's comments on Google. We

also had over the weekend the premiering of Netflix's Stranger Things. It

premiered to great reviews across users and critics with the Rotten Tomato meter being above 86% on both of them. So many

people are trying to watch it that it actually crashed Netflix's service.

We'll be looking at this news and already on Monday we have the fail of the week which in this case we have to highlight Gmon who only 7 months ago was

saying that Google was an eBay a company that's in slow chronic decline. Just a

day ago, Gene Monster went on to TV once again, but he's changed his tune a little bit. Now, he says Alphabet is the

little bit. Now, he says Alphabet is the best Mag 7 to own going into 2026. We'll

be looking at not only Gene Monster, but many other analysts that have lost the plot on Google in the fail of the week.

So, we have all of that to get into, plus much more in this episode. If you

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Now, as we start things off today, we take a look at the buy that I made over the past month. This was the most significant buy that I've done in such a short period of time. The buy is into the company Mastercard. And as you can

see through my trading history, I've made four separate substantial buys.

When I look at Mastercard within the passive income portfolio, it's by far the biggest position in this portfolio.

It's a $183,600 position with $34,000 in the green. The

next largest behind Mastercard in this portfolio is Google, which is a $114,000 position with $48,000 in the green. Now,

Google is a company that I own across both portfolios. Mastercard is a company

both portfolios. Mastercard is a company that I only own in the passive income portfolio. So, if we switch over to the

portfolio. So, if we switch over to the story fund, this is my secondary portfolio. It's a bit more aggressive.

portfolio. It's a bit more aggressive.

And we scroll down and look at the holdings here. I don't have any

holdings here. I don't have any Mastercard in this portfolio. Instead, I

have a lot more Google. I have an additional $74,000 of Google, which is heavily in the green. In fact, the majority of this position is gains at

$46,000 in the green. So this means that when we combine both portfolios, Google is still my largest position by just a little. We can take a look at the

little. We can take a look at the combined portfolio here. We have it right here with Alphabet at the top. A

14% position, $91,400 in gains with the combined positions.

And this does not include dividends.

With dividends, that's another three to $4,000 that Google has paid me. When we

look at Mastercard, it is just slightly smaller from 13.9% to 13.6%.

But only $32,000 in the green. So

Mastercard is a position that I've primarily built up by contributions. If

we look at this by the current value and not percentages, we can actually see the size of these positions relative to each other. For example, Google's a $189,000

other. For example, Google's a $189,000 combined position and Mastercard is $183,000.

So, these are both massive positions, both at around 14%. Now, why am I building up Mastercard to a large position? Well, I do this whenever I

position? Well, I do this whenever I feel that the odds are in my favor, that I have a stock that has a combination of both very low downside and ample upside.

When I feel like I have things right, like I've figured out a position, I tend to lean into it very heavily. When

Netflix was beaten down after they lost subscribers, I started leaning into that company heavily. I made content non-stop

company heavily. I made content non-stop about it. I focused heavily on Netflix

about it. I focused heavily on Netflix until 2025. In 2025, my focus shifted.

until 2025. In 2025, my focus shifted.

We talked a lot about Google. Google's a

company that I've owned for a long period of time. In fact, I've made videos that were bullish on the company going back to 2023, but it's one that I focused on. I leaned into primarily in

focused on. I leaned into primarily in 2025, and that's where I added significantly to the position. But just

like Netflix, I'm no longer buying Google stock. It's gotten to a price

Google stock. It's gotten to a price point where I believe the riskreward and the balance in the future, although still positive, it's not quite as obvious as it once was. Google's being

priced above $300 per share, which more accurately represents the quality of the company. So, as of now, I don't intend

company. So, as of now, I don't intend on making Google the focus of the future. Looking over the many

future. Looking over the many high-quality companies to focus on going into 2025, I believe there's one stock that fits the mold a bit better than the others, which is Mastercard. And I don't believe that Mastercard is another

Google. I don't think it's going to go

Google. I don't think it's going to go up 70% in a single year. But I do believe that Mastercard is a company that investors should strongly consider today for four different reasons. Let's

go through those four different reasons real quick. Reason number one,

real quick. Reason number one, Mastercard trades at a 3.45 free cash flow yield. 3.45%.

flow yield. 3.45%.

You may just look at that and think there's nothing too notable at a company trading at a 3 and 12% free cash flow yield. But for Mastercard, again, this

yield. But for Mastercard, again, this is a notable yield because history shows that this is an undervaluation for this company. Investors should look at

company. Investors should look at companies both on a forward-looking basis with their assumptions of what the company will do moving forward, but they should also look at the company on a backward-looking basis, seeing what the

company has done given different valuations at different time periods.

And we can look at that here with the free cash flow yield over time. We can

look at three distinct time periods throughout history that Mastercard has recently traded at a 3.45% free cash yield, the same today or

above. Meaning time periods where

above. Meaning time periods where Mastercard was as cheap as it is today.

Number one, we look at in 2022, Mastercard for a short period of time traded at a 3.45% free cashial yield. The returns over the

next three years were a staggering plus 94%. So, Mastercard gained a 94% share

94%. So, Mastercard gained a 94% share price increase if you bought it at that 3.45% yield that again it's trading at similar today. The second time you can

similar today. The second time you can see the spike right here. Mastercard for

a very short duration of time traded up to a 3.45% free cash flow yield. The

price went down because of the big COVID scare. And if you bought the company

scare. And if you bought the company during that time period where it traded as cheap as it is today, you got a plus 77% gain over the next three years. Then

we have the third time period, December of 2018. Mastercard for a short period

of 2018. Mastercard for a short period of time went above a 3.45% free cash flow yield or right close to it. It was

very close. If you bought the company right then, you got a 108% return over the next 3 years. every single time period in recent history that Mastercard

has traded at the same free cash flow yield that it does today, the following returns over the next 3 years far outperform the market. In fact,

Mastercard continued to compound at a very high rate after those time periods.

So again, this is a historical analysis.

This shows us what happened at different time periods. But we also want to be

time periods. But we also want to be forward-looking, which brings us to point two. point to a zip Mastercard is

point two. point to a zip Mastercard is a very wide remote company that's very unlikely to be disrupted. It's not just enough to find a company that's trading at a historically cheap price or at a

historically high free cash yield. We

need to know that the company can protect its moat. And I believe that not only is the moat wide, but I believe the moat is getting wider by the day.

Mastercard faces many risks. There's so

many different competitors across the payment networks, across digital payments, across different ways to move money, and there always has been. It's

true that Mastercard and Visa have a duopoly in credit card payments, but they don't really have a duopoly in digital payments. There's so many

digital payments. There's so many different competitors from CLA to PayPal to even government entities making their own payment rails. Many governments in India and South America are making

different versions of a debit network to compete with Mastercard and Visa. So,

these companies aren't without competition, but that's never really been a problem for these companies in the past. They've dealt with harsh

the past. They've dealt with harsh competition going back decades over time. And because payments is such a

time. And because payments is such a huge arena because there's so much money in cash that's moving over to digital, these companies have strong organic pathways for long periods of time. And

Mastercard also has something that they've been doing specifically to address the concerns about competition with their payment networks. First of

all, we have the payment networks themselves, which is around half of Mastercard's total revenue. This is

where you earn money directly by crossber transactions by credit card and by debit card. Now, Mastercard is more primarily driven by credit cards, which I believe is an advantage unique that

Visa doesn't have. But Mastercard has made themselves more agnostic of which type of network they support. Not only

are they supporting their own debit and credit network, now they're supporting all various networks. They want to work with AC transfers. They want to disperse different entitlements. Mastercard has

different entitlements. Mastercard has made themselves not just a credit card company, but an agnostic payment rails company that works with multiple rail networks. That makes them more resistant

networks. That makes them more resistant and more diversified, less reliant on specifically credit cards or debit cards. In the other segment which is the

cards. In the other segment which is the value added services, the name value added services is very ambiguous. It

doesn't say a lot about what they actually do, but this is a part of the company where they pivoted again away from being just a credit card or debit card company. It's true that a lot of

card company. It's true that a lot of their services are attached on to those transactions, but now they've evolved to more of a SAS company, a cyber security company. Mastercard Management has said

company. Mastercard Management has said that they don't really know how people are going to pay for things in the future. That's a question mark that they

future. That's a question mark that they can't really answer. But they do know that every single payment will involve fraud. Every single payment network will

fraud. Every single payment network will involve security and identification and knowing your customer. Every single one of them without a doubt. If you have payments, you will have fraud. If you

have payments, you'll have identity verification. So they are leaning

verification. So they are leaning heavily into those value added services that are more agnostic and more universal. They can be applied to any

universal. They can be applied to any system, including governments.

Mastercard has made themselves not just a payment network company, but now a platform for all of commerce. A company

that can sell these services like a SAS business to any company, even ones that don't use Mastercard's network themselves. The whole goal here is to

themselves. The whole goal here is to make their company even less disruptible than previously thought. So if

governments come up with different solutions, even with those pressures ahead, Mastercard has evolved their business to be highly diversified into all different segments that are much more universal. So with number one, we

more universal. So with number one, we have a company that's historically at a great valuation. Number two, we have a

great valuation. Number two, we have a company that's heavily diversified with a wide moat that's very unlikely to be disrupted in the future. Number three,

we have a company that's growing fast.

Over the last 10 years, Mastercard has grown around 12 to 13% per year. Over

the next 5 years, it's expected to grow around 12 to 13%. It's maintaining this organic high growth rate. When people

spend more money due to increased costs of goods and services, Mastercard is a natural hedge against that. Then when

you add in all their value added services, they have another growth path beyond that. So this company should

beyond that. So this company should sustain high growth rates into the future. Then we get to point four.

future. Then we get to point four.

Mastercard is a company that is very shareholder friendly. And by that, not

shareholder friendly. And by that, not only do they grow, and they generate enormous amounts of free cash flow, but they also don't dilute it away by paying it to all their employees. It's always

great for employees to be rewarded, but as a shareholder, I'm looking out for my own interest. I want that cash to be

own interest. I want that cash to be able to go back to me, the shareholder, not just to employees or people that are inside the company. When we're looking at Mastercard, the huge majority of capital is sent right back to the

shareholders with enormous growing volumes of stock buybacks. We can look at the amount of buybacks they did in 2024, $1 billion worth. This year,

they're going to be doing billions of dollars in increment more than they did in 2024. Mastercard is a dividend

in 2024. Mastercard is a dividend grower, growing the dividend by 15% per year. That's because they add more money

year. That's because they add more money to the bucket that they pay in dividends and they reduce the share count over time, which again grows the dividends per share. So, we have a company that's

per share. So, we have a company that's growing the buybacks over time, growing the dividends by 15% per year. They are

very shareholder friendly and have a very strong capital return policy.

Mastercard is not a complicated bet.

It's not a company that's so unique that no one else can see it. But many

investors continue to overlook some of the easiest buys in the market. We've

seen them do it again and again. And

this company, I believe, has a great case. It's a company worth considering.

case. It's a company worth considering.

When you factor in the low historical valuation, the unlikely chance of being disrupted, the continued fast growth rate, and the shareholder friendly capital return policy, I think that Mastercard will be a winner. That's why

I've put so much money into this company and I've made it such a considerable bet. Now, I realize that this isn't the

bet. Now, I realize that this isn't the company for everyone. And I'm not saying that you need to buy this stock, as I've always done with this channel. I've

given transparency into my own actions, but I've never told you what to do or what investing strategy works for you.

Mastercard is not without risk. Every

company faces competition as does Mastercard as well. But for me, this company is lower risk than most stocks out there. So, I'm happy to have it as a

out there. So, I'm happy to have it as a massive position in my portfolio. Now,

moving on, we get to more news about Google. This is a company that again I

Google. This is a company that again I saw a lot of super investors selling this one down in Q3 of this year and I thought that that was a mistake because Google has so many different catalysts playing out all at the same time that

for me it's a company worth hanging on to especially when it's still trading at the high 20s Ford PE ratio and we have continued bullish news for Google. Not

only is Google a huge cloud winner but it's also a company where those TPUs the TPUs are the chips that Google has worked on themselves for years and years. Well, it turns out that they're

years. Well, it turns out that they're actually really good. They're super good while also being substantially cheaper than Nvidia's chips. Meaning that Nvidia has a new potential problem. A problem

that's not just AMD or the Chinese trying to make their own GPUs and chips, but now it's Google. The Wall Street Journal says the AI trade splinters as Google challenges Nvidia's dominance.

So, what's going on right now? Google

stock is going up while Nvidia stock is going down. You can see a massive

going down. You can see a massive divergence there. This has caught the

divergence there. This has caught the attention of many OpenAI investors, many Nvidia investors, and many Google doubters. In fact, some of the people

doubters. In fact, some of the people that have been previously the most bearish on Google, the ones kind of leaving it out of the talk of being an AI company, the famed investor Philip Leafont who runs Katau, he tweeted for

the first time in years saying, "I bet these dots cross again." Referencing the same chart of Nvidia stock price going down and Google's going up. the 40 best AI companies that they outlined earlier

in 2025. Google wasn't even mentioned.

in 2025. Google wasn't even mentioned.

It didn't even make the list of the top 40 companies and it's outperformed every single one of those 40 companies since that list from Katau was made. So, Flee

Leaf is one of the many huge hedge fund managers, many of the smart money investors that was caught off guard by Google. We have news that Alphabet

Google. We have news that Alphabet shares have continued to climb as different publications like the information have reported that talks with Meta are being done with Google to use their chips to run its data centers.

Alphabet last year increased production of semiconductors in an effort to potentially reduce reliance on outside vendors. As a result of this news of

vendors. As a result of this news of Google and Meta being talked about as doing a deal, Nvidia's newsroom on X decided to release this post. They said,

quote, "We're delighted by Google's success. They've made great advances in

success. They've made great advances in AI and we continue to supply to Google.

NVIDIA is a generation ahead of the industry. It's the only platform that

industry. It's the only platform that runs every AI model and does it everywhere computing is done. NVIDIA

offers greater performance, versatility, fungeibility than AS6, which are designed for specific AI frameworks and functions. This is not the post that you

functions. This is not the post that you make when you're not concerned about a competitor. And while it may be true,

competitor. And while it may be true, everything that Nvidia said here is probably true. The fact that they even

probably true. The fact that they even had to say this, that they had to go out of their way to just say, "Hey, Google, great job, but our stuff is better." Is

a huge admission that they're facing a new competitor. They thought that Google

new competitor. They thought that Google is now a big enough competitor that they have to address them and then remind people why their chips are better. But

what Nvidia is leaving out of this equation is not just the performance and versatility of their GPUs, but the fact that theirs are far more expensive than Google's. Google's are more specific to

Google's. Google's are more specific to the AI use case and they're cheaper. And

Google's solving one of the biggest problems with competing with Nvidia, which is the CUDA mode. Whenever you

talk to an Nvidia investor, they'll highlight that it's not only the technological supremacy of the GPUs and the complexity of them that makes a moat, but it's also CUDA, the coding

language for using GPUs. In order to actually use the GPUs effectively, you have to use CUDA, which is Nvidia's proprietary language. So, Nvidia has

proprietary language. So, Nvidia has created this software layer mode around their hardware. And this graphic that

their hardware. And this graphic that semi analysis created by Google's notebook LM shows how things may be changing. We have the old way support

changing. We have the old way support for PyTorch, the language choice for most of the AI community, was clunky and seen as a secondass citizen. So there is

kind of like an open- source language, an AI communitydriven language, but it's just not as good as CUDA. So nobody used it. Then you have the Nvidia castle

it. Then you have the Nvidia castle surrounded by the moat, which is CUDA.

But you have this monumental shift taking place. Google's now making a

taking place. Google's now making a massive engineering effort to make the TPUs a native platform for PyTorch. the

key initiatives supporting the eager execution native distribution APIs torch.distdributed and integrated with

torch.distdributed and integrated with torch.compile.

torch.compile.

They also are contributing heavily to open-source inference libraries like LLM. So Google's now already created a

LLM. So Google's now already created a TPU that challenges Nvidia's remote with the hardware, but they're also simultaneously pushing against Nvidia's remote with the software. This forked

attempt at beating Nvidia's moat is what's causing some investors a little bit of concern. Some investors in Nvidia are feeling a little bit defensive and we've seen that online. So, it's very

reasonable to believe that Google now has a real chance of taking some market share from Nvidia from showing other companies that they can manage to actually train their AI to do inference

on their own TPUs and they can license that technology and sell those services directly to competitors like Meta. and

Google's making a lot of advances in that way. At the same time, I believe

that way. At the same time, I believe that Nvidia probably has so much demand right now that it doesn't really matter anyway. Nvidia is going to continue to

anyway. Nvidia is going to continue to be able to sell their GPUs at a very high margin, but this is always been a risk that I feel has existed for Nvidia.

When I look at Nvidia and potentially investing in this company, I recognize it's a super high quality company with high margins. But one of the biggest

high margins. But one of the biggest challenges with Nvidia is that every single one of their largest customers is actively working on creating an alternative product to their GPUs. Out

of their massive monumental growth, around 40% of this revenue comes from only four customers. It comes from Google, Amazon, Meta, and Microsoft.

Those four companies alone make up for almost half of this total revenue. And

all four of those companies are in the works creating their own GPUs. You have

the TPUs from Google. You have tranium from Amazon. You have Meta and Microsoft

from Amazon. You have Meta and Microsoft also working on their own hardware as well. And I don't like the fact that

well. And I don't like the fact that around half the revenue from Nvidia are from customers that are working on their own solutions. When I contrast that with

own solutions. When I contrast that with the likes of ASML, ASML also has a high concentration into few customers. In

fact, ASML's concentration into their customer base is even higher than NVIDIA's. Yet, the difference is ASML's

NVIDIA's. Yet, the difference is ASML's customers are not trying to replace them. They're not trying to build their

them. They're not trying to build their own lithography machines because ASML's customers understand that building a lithography machine is simply just too complex. On a scale of complexity, an

complex. On a scale of complexity, an ASML lithography machine is on a scale of 100 times more complex than an NVIDIA Blackwell machine. ASML is simply just

Blackwell machine. ASML is simply just more difficult to replicate. So, when

I'm looking at my hardware play, the company that I want to invest in that's the gatekeeper of the AI revolution, I continue to pick ASML over Nvidia. Part

of the reason I continue to hold Google going into 2025 is because I believe we're going to see more storylines like this of Alphabet continuing to take share from companies like Nvidia.

They're going to take share from companies like ChachiBT. And although

the price has moved up to a more fair valuation, I believe analysts will continue to become more and more bullish on this company. Mark Mahane is one of them.

>> Uh yeah, we've had a phenomenal run in the stock. It's um whatever doubled over

the stock. It's um whatever doubled over the last uh 6 months. It kind of reminds me a little bit of the dramatic recovery you had in Meta and Netflix's stocks 3 years ago, except those were stock recoveries off of what were kind of

broken fundamentals. That's never been

broken fundamentals. That's never been the case with Google. Their fundamentals

were really have been pretty consistent.

It's just that the market was so negative on Google 6 months ago because of the DOJ and because of um and because of chat GPT. And I just think this market was way too negative. The stock

was oversold at 15 times earnings. Is it

overbought here 29 times? No. But I

think that the the the pitch you make for um it's very hard to see a material rerating in the multiple the multiple going materially higher from here. But

fundamentals look great for the company and this this big broad pitch they can make of we've got the leading AI model.

We've got the broadest way to monetize that of any company in the world. Oh

yeah, and we've got the lowest cost infrastructure because we're vertically integrated up and down the tech stack.

That's a very powerful pitch. And so I think this stock is now a highquality compounder. It can largely hold the

compounder. It can largely hold the multiple although watch for some negative catalyst coming from Chad GPT in the next 12 months but it can largely hold the multiple and the stock can go higher from here. I think there are

better candidates from here more dislocated opportunities but you know all the credit goes to Google and I think the stock can still compound. I

think you can still hold it. I

completely agree with Mark Mahoney. I

think he's spot on. He describes Google as a continued compounding machine that should be able to hold around the same multiple as the earnings continue to grow. And I also agree that we'll see

grow. And I also agree that we'll see likely some negative catalyst with chatbt. You can see news that Chacht has

chatbt. You can see news that Chacht has a new model or something more competitive to Google or that they start having ads on their searches or what have you. There's going to be some news

have you. There's going to be some news that seems a little scary for Google over the next year like there always is, but Google still remains an incredibly good bet. the company that owns robo

good bet. the company that owns robo taxi networks, YouTube, Google Cloud, now the TPUs that are posing a real storyline threat against Nvidia. So,

when I look at Google, I still want to hold it in my portfolio, although I agree with him that there are more dislocated companies at this point in time. Now, we get to another company

time. Now, we get to another company that I haven't talked about as much recently. It's been one that hasn't

recently. It's been one that hasn't really been dislocated for a while, but it's starting to trend down a little bit, giving investors an opportunity to enter back into this company, which is

Netflix. It used to be at $132 per

Netflix. It used to be at $132 per share, split adjusted. When we look at it now, it's at 108. So, it's giving investors a little bit of a potential entryway. This stock is going to have a

entryway. This stock is going to have a great Q4. I pay attention to which shows

great Q4. I pay attention to which shows are out there and which ones are garnering a lot of attention. Stranger

Things season 5 premiered last week.

Now, you can have your opinions on the show or that the characters look older.

Of course, they look older. It reminds

me of the old '8s shows where you had 25year-olds pretending to be high schoolers, and that's true, but you can't deny that this season is not entertaining. It's very entertaining.

entertaining. It's very entertaining.

Overall, the story line is very well paced. We look at the ratings so far,

paced. We look at the ratings so far, and user ratings are 86%, the critics have it at 91%. Which is the highest of the last four seasons going into these first four episodes. So, there's a lot

more to go as they're going to be doing another two drops of episodes going into Christmas. When we look at the

Christmas. When we look at the popularity of Stranger Things, it was so much so many different people tried getting on at the same time to watch it right as it was being released on

Netflix that the premiere crashed Netflix for 5 minutes. The streamer

crashed at 5:00 p.m. Pacific time on Wednesday, just as the highly anticipated fifth season of the sci-fi series premiered. Why did Netflix crash

series premiered. Why did Netflix crash on the premiere of this show? because

hundreds of millions of people were all trying to watch the same show at the same time, which is very rare. Netflix

somehow has a way of creating massive hits and they do it over and over again.

We had Squid Game and Demon Hunters that set new records and now we have the new season of Stranger Things that will likely set records as well. There's a

lot going for this company. It's one

that I'm still happy to have in the portfolio and I think we're going to have a great Q4 from it. I'm looking

forward to their next earnings report.

Now, moving on, we get to our fail of the week, which in this case is one that I'm regretfully doing. I didn't want to do this one. I like Gene Monster. He

seems like a nice guy, but he is an analyst. He's going on TV. He's putting

analyst. He's going on TV. He's putting

himself out there, which means he does open himself up to criticism. So, I have to say something about this. In April

25th of 2025, meaning just 7 months ago, this is what Gene Monster was saying about Google.

>> Basic terms, Google is becoming eBay effectively. its energy is getting

effectively. its energy is getting zapped out. Before eBay, it was Amazon

zapped out. Before eBay, it was Amazon kind of taking its energy out. Now it's

GPT, Enthropic, and Grock doing the same.

>> Now, there wasn't any real qualifiers.

He just said that Google's becoming eBay because Chachbt is zapping out the energy of Google, similar to how Amazon zapped out the energy of eBay. And this

is something that we don't need to look at in hindsight to know that this was false at the time. In fact, at the time that he said this, the very week I made a video saying referring to Google as an

eBay is both ridiculous and patently false. And if he just stopped there, if

false. And if he just stopped there, if Gene Monster just got this call wrong, that's fine. But now he's on TV once

that's fine. But now he's on TV once again. Let's go ahead and just take a

again. Let's go ahead and just take a look at a recent appearance this last week. Here we have Gene Monster once

week. Here we have Gene Monster once again invited back on to CNBC for his expert opinion on Google. Let's go ahead and take a listen.

>> Our next guest says Alphabet will be the best Mag 7 stock for the next year. Deep

Waters Gene Monster joins us now. That's

a bold bold bold statement. Why? Our

next guest now says that Alphabet will be the best stock for next year going into 2026. And he calls it a bold bold

into 2026. And he calls it a bold bold statement. You're wrong, Scott. It's not

statement. You're wrong, Scott. It's not

a bold statement. There's nothing bold about picking the stock that currently has the most momentum, the the most good things going on in the company and saying that's the best buy for next

year. What is bold is coming out and

year. What is bold is coming out and saying that 7 months ago when other people were referring to it as an eBay, when other people are saying that this stock is doomed, that it's losing market

share. Saying that it's the best buy

share. Saying that it's the best buy back then is very bold. Saying that it's the best buy now is not bold at all. In

fact, it's the opposite of bold. It is

being spineless and just following with the crowd, doing what everybody else is doing at the same time they're doing it.

Following the common sentiment with no dissenting view whatsoever. So, what

Gene Monster is doing here is the opposite of bold. But we'll continue to watch GM's case, Scott. It's for two reasons. Number one is that this bare

reasons. Number one is that this bare case around them being able to compete and navigate with generative AI taking away from search. That bare case has been essentially addressed by them

accelerating search from the June quarter. Then again comfortably beating

quarter. Then again comfortably beating by 300 basis points the growth for the street in the September quarter giving expectations that show that we're in a good place. Essentially, they're

good place. Essentially, they're capturing all of this renewed interest that people have in finding out information and train or or tunneling that into search revenue. And the second

piece is that the this gets by what to why the stock is up today is that uh this Gemini showing that they in fact have the chops to compete toe-to-toe

from a large language model perspective against open AI is encouraging for investors that the company's culture has been reignited to compete. And so what that's important is that over the next

year, you're going to see more distribution. That's what the playbook's

distribution. That's what the playbook's going to change for next year around these chat bots. Keep in mind that it's only about 20% of the Google population uses a chatbot daily. Big opportunity.

And I think as they expand that, the multiple will go up.

>> I'm sorry. I just I can't do this. Gene

Monster 7 months ago when the multiple was half of what it is now was saying that it was in eBay and now he's saying the multiple should go up from a 30 even further than what it is today. These are

the analysts that are being recognized and continually brought on every single week after week on CNBC to inform their audience that the company that just recently went up 70% is the best buy

today, the best stock to buy going into 2026. Gene wasn't ahead of Wall Street

2026. Gene wasn't ahead of Wall Street at all on this. He didn't have any extra alpha to provide whatsoever. He

completely followed and tracked the exact popular sentiment of Google the entire way. And now that sentiment's at

entire way. And now that sentiment's at an all-time high, Gene Monster sentiment is at an all-time high. This is not the type of analysis that generates alpha.

And for that reason, Gene Monster is the fail of the week. That's going to be this episode. Hope you enjoyed. See you

this episode. Hope you enjoyed. See you

in the next one.