LIVE NOW: SPACEX REPORTING EARNINGS REPORT 2026
In a Nutshell
SpaceX beat revenue and EPS expectations but dropped 2% as guidance disappointed, while AMD also beat estimates yet trades at 174x earnings. Ricky bought SpaceX shares for his kids' long-term accounts around $117-118 and wants dips below $100 for more exposure, but keeps positions minimal due to high risk. He predicts markets will rise until midterms but warns of selling pressure afterward, advises against overleveraging or triple-leverage ETFs on volatile stocks like AMD or MU, and prefers buying quality names on retracements rather than chasing highs.
These notes were generated by AI and may contain inaccuracies.
Ricky from Tech Solutions hosts a live stream on August 4th at 12:52 p.m. in Arizona. The session focuses on SpaceX and AMD earnings reports. SpaceX guidance call is scheduled for 4:30 p.m. Eastern Standard Time. Ricky mentions speculation that Elon Musk could announce a potential merger during the guidance call. AMD is up 8.7% on the day and set to report earnings after the bell.
Markets are up significantly with NASDAQ gaining 3.4% on news of a potential peace deal. Ricky notes this is one of the biggest green days of the year. He explains he has no open trades with SpaceX or AMD and did not day trade today. He avoided trading Micron despite it being his usual focus because markets opened 1.7% up and he viewed them as overbought. He shared his decision to sit out with his OLPP team that morning.
Ricky addresses viewer comments accusing him of Trump hate. He clarifies he is not expressing hate but stating facts about Trump making more money while in office than any president in history. He mentions supporting Trump's border policies and Trump accounts but criticizes conflicts of interest. He states he owes nothing to any president and does not pretend to agree with every action.
Markets show resilience with strong higher highs and higher lows. Ricky notes that if there was ever a time markets could support irrational valuations, it is now. He mentions SpaceX's known spending on XAI and questions whether investors will appreciate the risk. He observes that all stars appear to be aligning for Elon Musk.
With two minutes remaining before earnings, Ricky warns about volatility and advises beginners to be careful with limit orders after market close. He notes AMD pulled back slightly and expresses concern about the stock. He reveals he bought SpaceX shares for his children's long-term UDMA accounts, investing a few thousand dollars each despite acknowledging the speculative nature.
Markets officially close. A poll shows 63% of viewers feel bearish about SpaceX. SpaceX is up 1.6% initially with analysts expecting a 10-15% move. The stock reaches 9.4% gains before earnings release. SpaceX reports a beat on revenue and EPS. The stock moves to up 2.3%, then 3.3% as earnings are confirmed.
Despite the earnings beat, SpaceX drops 2% as guidance apparently does not meet Wall Street expectations. Ricky expresses disappointment for his children's 10-share position. AMD shows activity in aftermarket hours, running up 2.5%. SpaceX tests support at $120 with potential downside if broken.
Ricky discusses Open Door stock, noting it is down 8% on the day. He mentions the stock pumped from 50 cents to $10 in a short period and attributes movements to meme stock dynamics. He expresses sympathy for bag holders and notes the company will not perform well in either bullish or bearish conditions.
AMD earnings show a beat with EPS surprise of 7.9% and revenue surprise of 4.1%. However, the stock trades at 174 times earnings, which Ricky considers expensive. He prefers Micron for its cheaper P/E ratio. AMD begins recovering after initial drops.
Ricky predicts markets will perform well until midterms due to Trump administration efforts. He warns of potential selling pressure if midterms do not align with Trump's expectations. He trims long-term positions at new all-time highs and buys during retracements. He mentions aggressively buying during the Trump tariff war and 2022 selloff.
Ricky hopes SpaceX drops below $100 per share to add more exposure for his children's accounts. He notes private investors cannot sell until August 6th. He bought SpaceX around $117-118 and would welcome buying below $100. He maintains minimal exposure due to the high-risk nature of the stock.
Ricky distinguishes between trading and investing, noting trades are based on technical indicators, market sentiment, and price action. When investing, he seeks decent deals and compares AMD's expensive premium unfavorably to Micron's cheaper valuation. He acknowledges AMD could be attractive for short-term dip buying but prefers intentional selection over owning every stock.
Ricky advises against overleveraging at $500 for AMD given its expensive valuation. He notes that buying AMD at highs during volatile periods could go either way. He prefers AMD over companies like Open Door or MSTR, which he considers fundamentally weak. He does not trade options, crypto, forex, futures, or use leveraged ETFs for individual companies.
The market is already incredibly volatile. Viewers are asking about double or triple leverage ETFs for Micron (MU) or other stocks. When viewers mention going all in on MUOU, the response highlights that Micron and SanDisk are volatile stocks. SanDisk is noted as particularly risky, having crashed 50% in two weeks. The advice warns that triple leverage ETFs are even worse than double leverage when things go against you.
To short shares, there is a short button available during normal trading hours for market orders, then buy to cover. The process is described as very simple and straightforward. However, for beginners, shorting is not recommended. The recommendation is to go long because the overall market direction tends to be more bullish than bearish. When direction is in your favor, leverage is attractive, but when direction is against you, losses can be severe.
SpaceX is attempting to recover from earlier losses. AMD is also being monitored for potential recovery. Both companies still have their earnings calls scheduled in the next few minutes. Direction can completely change when companies begin their earnings calls, especially if new information is disclosed that was not already factored into the market.
If earnings disclosures are worse than expected, another leg down could occur. Alternatively, a V-shaped recovery is possible if positive information emerges. The speaker notes that if Elon Musk says something that was not already factored into the market, significant movement could occur. The volatility from the day is acknowledged as providing some movement despite the challenges.
Tomorrow features SanDisk and Western Digital earnings, continuing the focus on volatile chip and memory companies. Viewers interested in joining the LPP team to watch live trading sessions every morning can click the second link in the description. Sign-up allows access to live sessions once markets open tomorrow. Previous live sessions can be previewed on the homepage by scrolling down and clicking preview.
Viewers not ready to join LPP are encouraged to subscribe to the channel and share suggestions for future video topics in the comments. The session covered SpaceX reporting earnings for the first time in company history. The goal is to end the year on a green note.
Keep Ricky Gutierrez in your library
Save the videos and channels worth coming back to, and find them again in one place.
