Tyler Crowe

being allocated as the best place to make a return, that would seem like it would be thesis-altering.

That is the thesis to say that we're in a bubble.

I'm going to bring it back up again, because we bring it up so many times, and it gets discussed so much in financial media these days, is the obligatory bubble question.

To each of you, does this most recent Nvidia earnings report ease your concerns about a potential bubble or exacerbate them?

One sector that I think really wishes they could get some of that trillions of spending going on is the housing industry.

Coming up, we're going to do some earnings reports from the home improvement sector.

David Gardner Of all the retail companies out there, Home Depot and Lowe's are, in my opinion, some of the most fascinating to follow.

Not because they put up weird surprises from quarter to quarter, like, surprise, you didn't know this was coming.

But more, in my view, it gives us a unique window into the housing market.

They are the two largest home improvement retailers.

The third

I don't even know if I could name the third, and who is the trailer behind these two companies, because they are almost a duopoly.

Both Home Depot and Lowe's reported earlier this week.

Like the prior quarter, the thesis that we're still in a weak housing market still seems to be holding up with tepid housing sales, tepid issuance of second lines of home credit for home improvement, and things like that.

It seems to be relatively consistent.

I wanted to get your guys' takes on the companies a little bit more specifically.

starting with Home Depot and Lowe's, giving a compare and contrast of the two.

Did we see similar results from both of them?

And if not, what one did better in your view?

Now, we're going to do my favorite part, where we try to read through the tea leaves a little bit of the conference calls, the earnings reports, maybe some little tidbit in the press release.