Telltales

SHOWNOTES In Episode 2526 the Telltales crew races through this week’s exhibits, rewinds the semiconductor timeline, and sizes up fresh tech-and-healthcare catalysts—from Tesla’s robotaxis to a federal ruling that shields AI training data. [00:00] Cold Open [00:00:56] Exhibit C – Global Oil Balance Hunt flags his revised crude-supply model: U.S. output unlikely to hit 13 Mb/d, Russia drifting unde...

SHOWNOTES Telltales dives into the week’s Cash-Flow Memo with a global tour of oil markets, U.S. fiscal math, fast-moving FDA reforms, and the AI talent wars—plus a new national sailing ranking and a teaser for next week’s chip-history deep dive. [00:00] Intro (–) Mike, Hunt, and Jason set the stage for 30 minutes of energy, tech, and healthcare analysis, remind listeners of the Cash-Flow Memo at...

SHOWNOTES This week Mike, Jason, and Hunt sprint through oil, gas, tariffs, chips, tech launches, AI financing drama, and the brewing revolt against pharmacy-benefit managers—wrapping with Harrow’s latest capital-allocation coup. [00:00] Intro [00:01] Exhibit C – Oil Oversupply & the Iran Stalemate (Exhibit C) Hunt explains why global crude stays firm near $65–66 despite clear oversupply, tracing...

SHOWNOTES [00:00] Cold Open [00:00:47] Exhibit C – World Oil Supply/Demand (Exhibit C) Hunt explains how OPEC + and Saudi Arabia are phasing curtailments out of the market—potentially adding 1.2 Mbbl/d in just three months—and why that could pressure crude prices if capacity rises to an 11 Mbbl/d run-rate. [00:02:09] Exhibit B – U.S. Natural Gas Outlook (Exhibit B) Despite AI-powered data-center h...

SHOWNOTES In this episode, the Telltales team analyzes Nvidia's upcoming earnings amid 70% free cash flow margins, explores the fascinating history of Intel's founding by the "Traitorous Eight," and discusses major developments in AI competition and healthcare. [00:48] Exhibit C: World Oil Supply/Demand (Page 1) Hunt notes oil prices holding in the $60 range despite OPEC+ production increases of 4...

SHOWNOTES This week on Telltales , we explore the real drivers behind oil prices, analyze new trends in semiconductor manufacturing and AI infrastructure, and unveil the first in a series on the history of chips, software, and biotech. Plus, Regeneron makes a surprising buy. [01:00] Oil Supply and Demand (Exhibit C) Hunt discusses Exhibit C, detailing global oil supply and demand trends. He notes...

This podcast and the information herein are intended for informational purposes only.  The views expressed herein are the author’s alone and do not constitute an offer to sell, or a recommendation to purchase, or a solicitation of an offer to buy, any security, nor a recommendation for any investment product or service. While certain information contained herein has been obtained from sources beli...

SHOWNOTES In this episode Mike, Jason, and Hunt weave together energy markets, semiconductor geopolitics, and healthcare shake‑ups to surface the cash‑flow signals that matter most for investors navigating 2025. [00:00] Intro [00:00:38] Oil & Gas Snapshot – Exhibits C & B (pp. 1‑2) Hunt dissects world crude supply, flagging likely production lifts from Saudi Arabia, Iraq, UAE, and Iran. Despite OP...

In this fast-moving 30-minute round-table, Mike Nicoletti, Jason Wallace and Hunt Lawrence assess how an accelerating economic split between the United States and China would ripple through energy, technology, healthcare, retail and more. Drawing on their weekly Cash-Flow Memo, they move page-by-page through a 20-page company list and three macro “Exhibits,” highlighting immediate supply-chain pai...

SHOWNOTES In this episode, the Telltales team discusses Tesla's robotaxi rollout, healthcare changes under the Trump administration, and Netflix's potential foray into sports streaming. They analyze the implications of these developments on their respective industries and explore future possibilities. [00:00:23] Intro Mike welcomes listeners to the Telltales podcast, where the hosts dive deep into...

SHOWNOTES In this week’s Cash Flow Memo, the team examines the Fed’s market impact on tariffs, energy markets, and tech giants’ AI strategies. Hunt opens with Trump’s rapid tariff reversal amid bond auction jitters, then walks us through oil & gas supply/demand, U.S. budget dynamics, and the implications for AAPL, MSFT, NVDA, META, Walmart, Uber & DoorDash. We also pause for a message from Oakclif...

SHOWNOTES In this abbreviated episode, Mike and Jason discuss the recent tariff issues between the US and China, their potential impact on the tech and healthcare industries, and the implications of NVIDIA's AI breakthroughs for data center efficiency. They also compare the resilience of Coca-Cola and NVIDIA as investments during a potential recession. [00:00:54] Intro The hosts explain the reason...

This podcast and the information herein are intended for informational purposes only.  The views expressed herein are the author’s alone and do not constitute an offer to sell, or a recommendation to purchase, or a solicitation of an offer to buy, any security, nor a recommendation for any investment product or service. While certain information contained herein has been obtained from sources beli...

SHOWNOTES In this episode, the Telltales team dives deep into healthcare investing with a focus on Vertex Pharmaceuticals and Lantheus Holdings. They also discuss Apple's AI challenges, the complexities of secure government communication, and the outlook for energy markets in light of geopolitical uncertainties and the hunt for federal spending cuts. [00:00:00] Intro Mike welcomes listeners to the...

SHOWNOTES In this episode, the Telltales team discusses the latest developments in energy, technology, and healthcare. They analyze the potential impact of a second Trump term on oil and gas markets, dive into Nvidia's AI dominance and the future of inferencing, and explore Tesla's challenges and opportunities in the evolving EV landscape. [00:00:55] Energy Market & Oil Supply Discussion (Exhibit...

Shownotes In this episode, Mike Nicoletti, Jason Wallace, and Hunt Lawrence cover the latest in energy, technology, healthcare, and updates on U.S. fiscal policy. The conversation explores recent developments in semiconductor manufacturing, natural gas and oil markets, and innovative breakthroughs in gene sequencing. [00:00] Intro Mike introduces the episode and highlights key discussion topics in...

SHOWNOTES [00:00] Intro The episode kicks off with Hunt teasing Tesla’s potential for a step change via autonomous driving, followed by Mike’s welcome to the Telltales podcast and an overview of the Cash Flow Memo. Key points include the focus on energy, tech, and healthcare, with a disclaimer about the informational nature of the discussion. The hosts set the stage for a 30-minute deep dive into...

SHOWNOTES In this episode, the Telltales team discusses the implications of Donald Trump's 2024 election victory on energy, healthcare, technology, and the broader economy. They analyze key exhibits, dive into company-specific news, and explore the potential impacts of policy changes. [00:00:59] Exhibit C: WORLD OIL SUPPLY / DEMAND Hunt expects a Trump administration deal with China to tighten the...

SHOWNOTES This week the Telltales Podcast dives into critical cash flow insights, spanning volatile oil and gas markets, U.S. government spending debates, and the disruptive potential of Tesla, NVIDIA, and healthcare innovators. Hosts Mike Nicoletti, Jason Wallace, and Hunt Lawrence unpack the numbers and trends shaping investment opportunities as of February 19, 2025. [00:00] Intro The episode ki...

SHOWNOTES In this episode, the Telltales team discusses the potential impacts of the Trump administration on energy markets, media consumption, and the healthcare industry. They analyze key exhibits, dive into company-specific news, and share insights on the shifting landscape of these sectors. [00:00:33] Exhibit C: World Oil Supply/Demand Hunt expects Iran's oil production to decrease under the T...

SHOWNOTES In this episode, Hunt and Jason discuss the implications of a potential second Trump term on the energy sector, Elon Musk's efforts to reduce federal spending, and the recent approval of Vertex's non-opioid pain drug. They also delve into the latest earnings reports from major tech companies and the advancements in autonomous driving technology. [00:00:46] Exhibit C: WORLD OIL SUPPLY / D...

SHOWNOTES In this episode, the Telltales team discusses the potential impacts of the Trump administration's energy policies, the game-changing AI innovations from China's DeepSeek, and key updates from healthcare companies like Vertex, Lantheus, and BioNTech. [00:00:52] Exhibit C: WORLD OIL SUPPLY / DEMAND Hunt believes a deal with Iran under the Trump administration could tighten the oil market s...

SHOWNOTES In this special edition of the Telltales podcast, the team continues "Cashflow Pick'em" from week 2502, selecting companies on memo pages 14-20 that they believe will grow their cashflow the most in the coming year. They also discuss the impact of Trump's first days in office on various industries and the competitive landscape in artificial intelligence. [00:01:02] Exhibit C: WORLD OIL S...

SHOWNOTES [00:00:50] World Oil Supply and Demand Hunt shares insights on Russia’s oil production outlook amid sanctions. Potential impact of geopolitical developments on global oil prices. Why WTI prices might swing between the mid-50s to high-70s. [00:03:03] US Gas Demand/Supply Overview of cold-weather impacts and freeze-offs on natural gas production. Discussion on LNG export growth. [00:04:07]...

SHOWNOTES [00:00:00] Introduction (Pages 1–13) Mike, Jason, and Hunt open the show by outlining their plan to assess which companies covered in the memo are poised for the highest percentage increase in free cashflow by 2025. They highlight that overall cashflow growth—not just revenue—drives long-term valuations, and they set up the structure for this year’s “Cashflow Pick’em” challenge. [00:00:4...