Zed Francis
speaker
109 appearances
2 recordings
1 series
first heard May 2026
last heard 8 Jul
Zed Francis’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 2 in all, peaking in Jul 2026 with 1.
Appearances
Welcome to Profiteer Markets.
Yeah, this quarter earnings is going to be very different than Q1 earnings.
It's as simple as valuations have changed dramatically.
Back in Q1, so think back to April and early May when all these names were reporting, they basically all kind of did the beat and raise, and mostly the stocks had very favorable performance on the day after those earnings.
But spot PEs were below three-year average back then.
Today, they're about 10 handles above their three-year average.
And forward PEs back then were below the S&P 500.
Today, they're above the S&P 500.
Now, the peg ratio for the space is still reasonably attractive.
But all that means is the market is pricing in
much differently this time, the amount of growth embedded into these companies.
And so the hurdle is that much higher.
So I would expect this entire earnings season to, if there's anything, any small item that feels like a miss to have these kind of nasty downward moves.
And I expect it to just in general be a very volatile earnings season for the sector.
Again, I think you're going to need micron level of blowout to really impress the market at this point with the current kind of valuation metrics in the space.
My expertise is in volatility.
And when looking at volatility, he's not in a unique camp.
Implied volatility, you know, the actual price embedded within the options you can actually trade is off the charts.
You
You know, using SMH, we can do the same thing with SOX.
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