>>> TIME FOR TODAY'S THE THREE STOCK LUNCH. WE'RE TAKING A LOOK AT SMO OF THE TOP CALLS OF THE DAY TO KICK OFF THE WEEK. HERE WITH OUR TRADES IS PRESIDENT AND CEO OF CASTLE ARC MANAGEMENT. LET'S START WITH TESLA ON A BIG 7% POP TODAY. WELLS FARGO IS STICKING WITH ITS UNDERWEIGHT ON THE WITH ITS UNDERWEIGHT ON THE STOCK BUT THEY ADDED IT TO ITS TACTICAL IDEAS LIST. ARE YOU A FAN OF TESLA HERE, JERRY? >> YES, LONG-TERM. SHORT-TERM GAME HERE, I STILL THINK IS GOING TO BE DOMINATED BY THIS INTERPLAY BETWEEN ALL THE CAPACITY BETWEEN PURE EVs THAT ARE COMING ON IN THE UNITED STATES VERSUS THE MUCH LONGER TERM AND MUCH MORE ENCOURAGING STORY THAT TESLA HAS, AND IF YOU THINK ABOUT IT, TODAY, ITS BIG MOVE IS BOTH SHORT COVERING AND GOOD NUMBERS IN CHINA. I DON'T THINK THE MARKET'S PAYING MUCH OF ANYTHING FOR CHINA NUMBERS BECAUSE THEY'RE TOO VOLATILE, AND QUITE FRANKLY, I JUST DON'T SEE TODAY YOU'RE GOING TO BE ABLE TO SOLVE THE EQUATION OF ALL OF THIS NEW CAPACITY THAT'S HITTING THE MARKET IN THE PURE EV MARKET IN THE U.S. I WOULD BE A SELLER HERE ON THAT PREMISE. AT THE SAME TIME, DON'T GIVE UP ON THIS NAME. WHEN YOU THINK ABOUT IT, AT SOME POINT, YOU'RE GOING TO BE ABLE TO PUT A -- AN INTELLIGENCE, ADVANCED COMPUTING, A VARIETY OF DIFFERENT IDEAS ON TESLA THAT ISN'T BEING CAPTURED TODAY AND ISN'T GOING TO BE DEPENDENT ON EV SALES. THAT'S COMING. I THINK THAT'S IN THE NEXT NINE MONTHS. THINK OF IT AS GM DOESN'T HAVE AN LLM THEY'RE TRYING TO CONSTRUCT. THEY'RE NOT BUILDING OUT DATACENTERS. THAT'S GOING TO PAY US ALL AS TESLA LONG-TERM SHAREHOLDERS, BUT TODAY, I WOULDN'T BE CHASING THIS AT ALL. >> LET'S MOVE WITH, UP NEXT, TO WELLS FARGO STICKING WITH AN OVERWEIGHT ON McDONALD'S AS THE FIRM SEES POTENTIAL UPSIDE FOR THE FAST FOOD CHAIN IN THE SECOND HALF, SHARES DOWN MORE THAN 15% YEAR TO DATE. YOUR TAKE ON McDONALD'S? >> YEAH, I THINK FOR McDONALD'S TO COME IN 15% AND A MORE BENIGN ECONOMIC AND CONSUMER SPENDING OUTLOOK, IT SHOULD BE ENOUGH. BIG, DOMINANT, GREAT COMPANY. THINK ABOUT THE WAY THEIR POSITIONING THEMSELVES STRATEGICALLY. I USE THE ANALOGY, WALMART HAS BEEN VERY SUCCESSFUL IN ITS HISTORY OF LEANING INTO TOUGHER CONSUMER TIMES WITH THEIR -- WITH THEIR PRICING MODEL, AND IN A WAY, THIS IS REALLY, WITH THEIR VALUE MENU, THIS IS WHAT McDONALD'S IS DOING RIGHT NOW AS WELL. THEY'VE PAID FOR THAT BY PEOPLE PULLING THEIR ESTIMATES OVER THE NEXT FEW QUARTERS, BECAUSE THEY'RE GIVING IT BACK IN MARGIN. BUT IF YOU LOOK BACK OVER TIME, YOU'LL SEE THAT THE BIG, DOMINANT PLAYERS IN MOST BUSINESSES TEND TO OUTPERFORM AFTER YOU GET THROUGH THESE CYCLICAL HICCUPS, AND YOU REALLY HAVE TO CALL THIS A MUCH TOUGHER ECONOMIC ENVIRONMENT GOING FORWARD, WHICH WE DO NOT. FOR THIS NOT TO BE A GREAT ENTRY POINT FOR McDONALD'S. >> ALL RIGHT, McDONALD'S, LEAVING IT THERE. THE FINAL MAKE IS BEST IRKENSTO. UBS UPGRADED THE STOCK FROM BUY TO NEUTRAL, HIKED THE PRICE TARGET TO $85 FROM $52, CITING THEIR SUCCESS IN THEIR EXPANSION STRATEGY. LOT MORE LOVE FOR BIRK THESE DAYS. ARE YOU AMONG THEM? >> SO, FULL DISCLOSURE, I DO NOT OWN A PAIR. NOR DO I INTEND TO ANY TIME IN THE NEAR FUTURE. >> ME EITHER. >> PARDON? >> ME EITHER. >> TYLER, YOU PROBABLY HAVE A COUPLE PAIRS. >> NO, I GOT UGLY TOES. >> SAME. >> THAT'S ALL THERE IS TO IT. >> THAT SAID, THE WAY GENERALLY INVESTORS SUCCEED WITH FASHION NAMES IS YOU LET THE TIME RUN OUT OF THE CLOCK ON THEIR FASHION. THESE GUYS HAVE HIT IT VERY WELL SINCE THEY'VE COME PUBLIC. THEY'RE NOW IN A VERY DESIRABLE PLACE WHERE THE MARKET IS GIVING THEM CREDIT FOR THE DIRECT-TO-CONSUMER SIDE, AND I THINK WE SHOULD LET THAT CLOCK RUN. I KNOW -- I APPRECIATE THE FACT THAT IT'S VERY WELL CAPTURED IN A REALLY FAT, HEALTHY 40 MULTIPLE, BUT AT THE SAME TIME, WE DON'T KNOW HOW BIG THIS MARKET CAN BE, AND WHEN YOU SEE SUCCESS LIKE THIS, AND IT'S NOT ATHLEISURE, IF THEY'RE NOT SHOPPING AT NIKE FOR GYM SHOES, MAYBE THESE FUNNY THINGS ON YOUR FEET ARE WHAT EVERYBODY WANTS TO
