Beats Roundtable

Steve Lamar, Jeff Macke and Kevin 'Bakes' Baker break down retail opportunities, highlighting Target as a turnaround, Amazon’s margin upside from AI and robotics, and growth stories like Aritzia and Lululemon.
They discuss practical AI applications in e-commerce, option strategies (LEAPS) for longer-term plays, and technical chart setups to watch. The episode also touches on metals and energy picks—silver, nickel and oil services—as portfolio themes heading into 2026.
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Disclaimer This content has been produced by Street Beats Media, LLC (“Street Beats”) and is presented for informational purposes only. Street Beats is not a broker dealer and does not provide investment advice to individuals. None of the information contained herein constitutes an offer to sell, or solicitation of an offer to buy any security or investment vehicle, nor does it constitute an investment recommendation or legal, tax, accounting, or investment advice by Street Beats or any of its employees, officers, or agents. This information is presented without regard for individual investment preferences or risk parameters and is general, non-tailored, non-specific information. Our content is based on information from the sources believed to be reliable. Street Beats is not responsible for errors, inaccuracies, or omissions of information. The opinions and conclusions contained in this content are those of the individual expressing those opinions or conclusions and are intended solely for the use by Street Beats subscribers and the authorized recipients on the content. All investments involve a certain degree of risk and financial instrument prices can fluctuate based on several factors, including those not considered in the preparation of this content. Consult a financial professional before investing.
 

In the first full trading week of 2026, Wall Street Beats breaks down a geopolitical shock—and the market’s surprising reaction.
Venezuela’s sudden regime turmoil sends energy stocks sharply lower even as oil prices hold steady. The team explains why this move is less about near-term supply and more about long-term fears, forward curves, and how energy equities are really valued. Oil-field services, refiners, and Chevron’s unique positioning take center stage, while independent producers feel the brunt of the selloff.
The conversation then shifts to second-derivative trades—where opportunity may exist after the obvious moves. From Shell and oil services to mortgage plays, fertilizers, and deep cyclicals, the panel discusses how to position without chasing gaps.
The episode closes with thoughts on rotation risk, AI infrastructure fatigue, and why patience matters more than headlines at the start of a new year.
A smart, tactical kickoff to 2026.
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Disclaimer This content has been produced by Street Beats Media, LLC (“Street Beats”) and is presented for informational purposes only. Street Beats is not a broker dealer and does not provide investment advice to individuals. None of the information contained herein constitutes an offer to sell, or solicitation of an offer to buy any security or investment vehicle, nor does it constitute an investment recommendation or legal, tax, accounting, or investment advice by Street Beats or any of its employees, officers, or agents. This information is presented without regard for individual investment preferences or risk parameters and is general, non-tailored, non-specific information. Our content is based on information from the sources believed to be reliable. Street Beats is not responsible for errors, inaccuracies, or omissions of information. The opinions and conclusions contained in this content are those of the individual expressing those opinions or conclusions and are intended solely for the use by Street Beats subscribers and the authorized recipients on the content. All investments involve a certain degree of risk and financial instrument prices can fluctuate based on several factors, including those not considered in the preparation of this content. Consult a financial professional before investing.
 

In this final trading week of the year, Wall Street Beats looks ahead—shifting from reflection to preparation as investors position for 2026.
The episode opens with a clear energy thesis. Despite oil spending much of 2025 near $60, energy equities held up, signaling that much of the bearish outlook is already priced in. Bob Morris lays out his top energy picks for 2026—spanning oil, natural gas, and integrated majors—arguing that steady demand, supply discipline, and ongoing geopolitical risk create a favorable setup even without meaningfully higher crude prices.
 
Healthcare takes the baton next. David Maris explains why the sector’s second-half breakout may carry into the new year, but only for companies that execute. GLP-1 drugs remain the dominant theme, with prescriptions still growing, market share consolidating around leaders, and a massive long-term opportunity emerging as pricing, access, and maintenance use evolve. The conversation also touches on international biotech optionality, tax-loss selling dynamics, and why stock selection now matters more than sector beta.
 
The episode closes with a candid, end-of-year tone—fatigue, family chaos, and the reality that discipline matters as much as ideas. With energy and healthcare standing out as areas of conviction, the team emphasizes patience, selectivity, and execution as the calendar turns.
A thoughtful reset episode—focused less on predictions and more on positioning for what comes next.
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Disclaimer This content has been produced by Street Beats Media, LLC (“Street Beats”) and is presented for informational purposes only. Street Beats is not a broker dealer and does not provide investment advice to individuals. None of the information contained herein constitutes an offer to sell, or solicitation of an offer to buy any security or investment vehicle, nor does it constitute an investment recommendation or legal, tax, accounting, or investment advice by Street Beats or any of its employees, officers, or agents. This information is presented without regard for individual investment preferences or risk parameters and is general, non-tailored, non-specific information. Our content is based on information from the sources believed to be reliable. Street Beats is not responsible for errors, inaccuracies, or omissions of information. The opinions and conclusions contained in this content are those of the individual expressing those opinions or conclusions and are intended solely for the use by Street Beats subscribers and the authorized recipients on the content. All investments involve a certain degree of risk and financial instrument prices can fluctuate based on several factors, including those not considered in the preparation of this content. Consult a financial professional before investing.

In this year-end episode of Wall Street Beats, the panel takes a sober look at markets heading into the holidays—where optimism is high, valuations are stretched, and incremental upside is harder to find.
The conversation opens with a valuation reality check. With the S&P 500 trading near 23x forward earnings, consensus forecasts point to mid-single-digit upside at best. Charlie Peabody walks through why letting winners run may still make sense—but why adding fresh risk at these levels feels increasingly uncomfortable.
Banks take center stage as a late-cycle leadership group. The team breaks down what’s already priced in: a steeper yield curve, robust capital markets activity, deregulation, and aggressive buybacks. While fundamentals remain supportive, multiples are no longer cheap, forcing investors to balance strong momentum against rising expectations.
 
Energy remains the clear area of conviction. Despite oil hovering near the mid-$50s, energy equities continue to hold up, suggesting much of the bearish outlook is already baked in. Bob Morris outlines how geopolitics—Venezuela, Russia-Ukraine dynamics, and strategic petroleum decisions—intersect with supply discipline and why select oil, gas, and refining names still offer attractive value even without higher crude prices.
The episode closes with tactical positioning. Ben Brey and Charlie Peabody discuss short opportunities in late-cycle consumer finance and autos, including Carvana, where credit deterioration and securitization risk may be quietly resurfacing following its S&P inclusion run-up.
A thoughtful, disciplined conversation about restraint, selectivity, and conviction—just as markets head into the final days of the year.
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Disclaimer This content has been produced by Street Beats Media, LLC (“Street Beats”) and is presented for informational purposes only. Street Beats is not a broker dealer and does not provide investment advice to individuals. None of the information contained herein constitutes an offer to sell, or solicitation of an offer to buy any security or investment vehicle, nor does it constitute an investment recommendation or legal, tax, accounting, or investment advice by Street Beats or any of its employees, officers, or agents. This information is presented without regard for individual investment preferences or risk parameters and is general, non-tailored, non-specific information. Our content is based on information from the sources believed to be reliable. Street Beats is not responsible for errors, inaccuracies, or omissions of information. The opinions and conclusions contained in this content are those of the individual expressing those opinions or conclusions and are intended solely for the use by Street Beats subscribers and the authorized recipients on the content. All investments involve a certain degree of risk and financial instrument prices can fluctuate based on several factors, including those not considered in the preparation of this content. Consult a financial professional before investing.

December 22, 2025 Healthcare Shakeups, Japanese Stocks, and Precious Metals at All-Time
 
In this holiday-edition episode of Wall Street Beats, the team breaks down a fast-moving market landscape shaped by politics, policy, and price action.
We dive into the White House’s latest drug pricing agreements and why pharmaceutical and biotech stocks may be entering a new sweet spot—while managed care and insurance companies face mounting political and market pressure. With ACA subsidies nearing expiration, the conversation turns to why insurers could be “dead money” for years to come.
On the trading desk, precious metals steal the spotlight. Silver, platinum, and gold are surging to multi-year and all-time highs, prompting a discussion on profit-taking, portfolio discipline, and why real assets are outperforming Bitcoin. We also explore defensive Japanese equities, currency dynamics, and why domestic-demand names may benefit from a stronger yen.
The episode wraps with actionable insights on ETFs vs. individual stocks, trimming winners without killing long-term trends, and what charts are quietly signaling as we head into year-end.
Smart macro, real trades, and unfiltered market views—this is Wall Street Beats.
 
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Disclaimer This content has been produced by Street Beats Media, LLC (“Street Beats”) and is presented for informational purposes only. Street Beats is not a broker dealer and does not provide investment advice to individuals. None of the information contained herein constitutes an offer to sell, or solicitation of an offer to buy any security or investment vehicle, nor does it constitute an investment recommendation or legal, tax, accounting, or investment advice by Street Beats or any of its employees, officers, or agents. This information is presented without regard for individual investment preferences or risk parameters and is general, non-tailored, non-specific information. Our content is based on information from the sources believed to be reliable. Street Beats is not responsible for errors, inaccuracies, or omissions of information. The opinions and conclusions contained in this content are those of the individual expressing those opinions or conclusions and are intended solely for the use by Street Beats subscribers and the authorized recipients on the content. All investments involve a certain degree of risk and financial instrument prices can fluctuate based on several factors, including those not considered in the preparation of this content. Consult a financial professional before investing.

In this episode of Wall Street Beats, the team digs into one of the toughest questions in investing: when to cut losses—and when to double down.
We break down the stark contrast between Abercrombie and Nike, exploring why one still looks compelling despite a massive rally, while the other remains a classic value trap weighed down by weak fundamentals and a broken distribution strategy. The conversation expands into real-world portfolio discipline, from killing losing trades quickly to holding through volatility when conviction and fundamentals align.
The group also dives into small-cap and nano-cap opportunities, including a high-conviction “pound-the-table” call, semiconductor capital equipment laggards poised for a catch-up trade, and the risks and rewards of betting on turnarounds before Wall Street notices.
On the macro and technical side, cannabis trades fail to deliver, precious metals continue to shine, and a growing case is made for shorting Bitcoin as digital gold loses ground to the real thing.
This episode is an unfiltered look at how professional investors actually think—balancing charts, fundamentals, psychology, and experience in real time.
Subscribe to get more stock analysis and insights from the Beats Roundtable pros. Want more? Become a member. Join the Inner Circle and get a Seat at the Roundtable now: https://www.passes.com/wallst-beats for exclusive access to our pros.
 
Disclaimer This content has been produced by Street Beats Media, LLC (“Street Beats”) and is presented for informational purposes only. Street Beats is not a broker dealer and does not provide investment advice to individuals. None of the information contained herein constitutes an offer to sell, or solicitation of an offer to buy any security or investment vehicle, nor does it constitute an investment recommendation or legal, tax, accounting, or investment advice by Street Beats or any of its employees, officers, or agents. This information is presented without regard for individual investment preferences or risk parameters and is general, non-tailored, non-specific information. Our content is based on information from the sources believed to be reliable. Street Beats is not responsible for errors, inaccuracies, or omissions of information. The opinions and conclusions contained in this content are those of the individual expressing those opinions or conclusions and are intended solely for the use by Street Beats subscribers and the authorized recipients on the content. All investments involve a certain degree of risk and financial instrument prices can fluctuate based on several factors, including those not considered in the preparation of this content. Consult a financial professional before investing.

In this episode of Wall Street Beats, the team closes in on year-end by separating durable value from narrative-driven excess.
We start with a deep dive into an under-the-radar phosphate fertilizer producer—a single-asset, cash-generating business that highlights why boring assets with real cash flow can offer compelling upside, consolidation potential, and long-term scarcity value. The discussion then shifts to portfolio construction, position sizing, and why experienced investors are increasingly forced down the market-cap spectrum as large-cap growth becomes crowded and expensive.
From there, the conversation turns to fintech and optionality, with PayPal emerging as a potential sleeper value play. Trading at a steep discount to the market with strong free cash flow, the stock may carry an embedded call option if regulatory changes allow it to evolve into a bank—leveraging its massive existing customer base.
The episode closes with a hard look at artificial intelligence. The panel challenges the idea of “infinite demand for compute,” questioning whether the economic ability to pay can ever match the hype. From OpenAI’s cost structure to stressed balance sheets across the AI infrastructure ecosystem, the group explores why cash flow, not compute, ultimately determines long-term winners.
A thoughtful, contrarian, and timely conversation about discipline, valuation, and why the most exciting investments are often the least exciting businesses.
 
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Disclaimer This content has been produced by Street Beats Media, LLC (“Street Beats”) and is presented for informational purposes only. Street Beats is not a broker dealer and does not provide investment advice to individuals. None of the information contained herein constitutes an offer to sell, or solicitation of an offer to buy any security or investment vehicle, nor does it constitute an investment recommendation or legal, tax, accounting, or investment advice by Street Beats or any of its employees, officers, or agents. This information is presented without regard for individual investment preferences or risk parameters and is general, non-tailored, non-specific information. Our content is based on information from the sources believed to be reliable. Street Beats is not responsible for errors, inaccuracies, or omissions of information. The opinions and conclusions contained in this content are those of the individual expressing those opinions or conclusions and are intended solely for the use by Street Beats subscribers and the authorized recipients on the content. All investments involve a certain degree of risk and financial instrument prices can fluctuate based on several factors, including those not considered in the preparation of this content. Consult a financial professional before investing.

In this episode of Wall Street Beats, the team unpacks a rapidly shifting energy and macro landscape as oil tests the mid-$50s and investors reassess where real demand is coming from.
We start with crude oil and natural gas, exploring how geopolitics, weather models, China demand, and potential Russia-Ukraine peace dynamics are pressuring prices—while energy equities continue to generate strong free cash flow even at lower commodity levels. The discussion moves into refiners, producer break-evens, and where high-beta exposure still exists in oil equities.
From there, the conversation broadens into electricity and power demand. Uranium and nuclear re-emerge as long-term structural winners driven by global energy needs—particularly from China, India, and Japan—while data center buildouts raise new questions about infrastructure, water usage, local resistance, and financing.
A key theme throughout the episode is the growing role of credit markets in repricing the AI trade. As capital intensity rises, investors are paying closer attention to balance sheets, debt financing, and whether projected returns can justify massive compute investments. The panel draws historical parallels to the dot-com era, where infrastructure spending surged long before sustainable profits emerged.
The episode closes with sharp insights on precious metals, cannabis legalization optionality, Tesla’s defiance of valuation logic, and why dispersion—rather than broad market beta—is creating real opportunities for active investors.
A wide-ranging, grounded discussion at the intersection of energy, capital markets, and technological hype.
 
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Disclaimer This content has been produced by Street Beats Media, LLC (“Street Beats”) and is presented for informational purposes only. Street Beats is not a broker dealer and does not provide investment advice to individuals. None of the information contained herein constitutes an offer to sell, or solicitation of an offer to buy any security or investment vehicle, nor does it constitute an investment recommendation or legal, tax, accounting, or investment advice by Street Beats or any of its employees, officers, or agents. This information is presented without regard for individual investment preferences or risk parameters and is general, non-tailored, non-specific information. Our content is based on information from the sources believed to be reliable. Street Beats is not responsible for errors, inaccuracies, or omissions of information. The opinions and conclusions contained in this content are those of the individual expressing those opinions or conclusions and are intended solely for the use by Street Beats subscribers and the authorized recipients on the content. All investments involve a certain degree of risk and financial instrument prices can fluctuate based on several factors, including those not considered in the preparation of this content. Consult a financial professional before investing.

In this episode of Wall Street Beats, the team digs into growing signs of stress beneath the surface of year-end markets.
The conversation opens with renewed weakness in crypto and AI-linked speculative stocks, as forced liquidations, leverage unwindings, and structural flaws come back into focus. Bitcoin, MicroStrategy, and the mechanics of preferred stock financing take center stage, with a broader discussion on why late-stage momentum trades often collapse under their own weight.
From there, attention shifts to rotation. Healthcare continues to assert leadership after a powerful rally, with selective pullbacks creating new entry points. The panel discusses positioning in biotech, pharmaceuticals, and generics—highlighting execution-driven winners, valuation discipline, and why healthcare remains a favored sector heading into next year.
Japan also re-enters the macro conversation. As rate policy, yen strength, and domestic demand begin to matter again, the group explores why Japanese equities—particularly healthcare, consumer staples, and financials—may benefit from a changing global liquidity backdrop.
The episode closes with insights on GLP-1 prescription trends, flu season dynamics, portfolio fatigue after a long year, and why many professional investors are simply trying to “get to January” without taking unnecessary risk.
A grounded, end-of-year discussion about where capital is leaving—and where it’s quietly rotating next.
Subscribe to get more stock analysis and insights from the Beats Roundtable pros. Want more? Become a member. Join the Inner Circle and get a Seat at the Roundtable now: https://www.passes.com/wallst-beats for exclusive access to our pros.
 
Disclaimer This content has been produced by Street Beats Media, LLC (“Street Beats”) and is presented for informational purposes only. Street Beats is not a broker dealer and does not provide investment advice to individuals. None of the information contained herein constitutes an offer to sell, or solicitation of an offer to buy any security or investment vehicle, nor does it constitute an investment recommendation or legal, tax, accounting, or investment advice by Street Beats or any of its employees, officers, or agents. This information is presented without regard for individual investment preferences or risk parameters and is general, non-tailored, non-specific information. Our content is based on information from the sources believed to be reliable. Street Beats is not responsible for errors, inaccuracies, or omissions of information. The opinions and conclusions contained in this content are those of the individual expressing those opinions or conclusions and are intended solely for the use by Street Beats subscribers and the authorized recipients on the content. All investments involve a certain degree of risk and financial instrument prices can fluctuate based on several factors, including those not considered in the preparation of this content. Consult a financial professional before investing.

In this episode of Wall Street Beats, the team dismantles one of Wall Street’s favorite year-end narratives: the idea that the consumer is tapped out.
Despite gloomy surveys and endless headlines predicting a weak holiday season, real-world data tells a very different story. Retailers across apparel, denim, discount, and specialty categories are delivering strong traffic, solid earnings, and powerful stock breakouts. From American Eagle and Gap to Walmart and Victoria’s Secret, execution—not sentiment—is driving returns.
The conversation turns to Lululemon’s ongoing struggles, CEO turnover, and product stagnation, as the panel debates whether the brand can regain relevance or remains stuck in a long, painful reset. Target’s chart and leadership transition also come into focus as a potential multi-quarter turnaround story.
On the technical side, silver steals the spotlight. After spending more than four decades below key resistance, silver has decisively broken out—dragging miners along with it. The discussion covers portfolio sizing, trimming winners without killing trends, and why silver’s move may be more about time and psychology than short-term fundamentals.
The episode closes with practical trading discipline: how to ride big trends, avoid narrative traps, and focus on what markets—not surveys—are actually signaling as the year winds down.
Subscribe to get more stock analysis and insights from the Beats Roundtable pros. Want more? Become a member. Join the Inner Circle and get a Seat at the Roundtable now: https://www.passes.com/wallst-beats for exclusive access to our pros.
 
Disclaimer This content has been produced by Street Beats Media, LLC (“Street Beats”) and is presented for informational purposes only. Street Beats is not a broker dealer and does not provide investment advice to individuals. None of the information contained herein constitutes an offer to sell, or solicitation of an offer to buy any security or investment vehicle, nor does it constitute an investment recommendation or legal, tax, accounting, or investment advice by Street Beats or any of its employees, officers, or agents. This information is presented without regard for individual investment preferences or risk parameters and is general, non-tailored, non-specific information. Our content is based on information from the sources believed to be reliable. Street Beats is not responsible for errors, inaccuracies, or omissions of information. The opinions and conclusions contained in this content are those of the individual expressing those opinions or conclusions and are intended solely for the use by Street Beats subscribers and the authorized recipients on the content. All investments involve a certain degree of risk and financial instrument prices can fluctuate based on several factors, including those not considered in the preparation of this content. Consult a financial professional before investing.