Morning Call 8/5/26

Summarize the following YouTube trading video transcript. Extract:
- Stock tickers mentioned and any price levels (support, resistance, targets, stop-losses) associated with each
- Key trading strategy
- Indicators used
- Entry/exit rules and suggested trades
- Timeframes mentioned
- Risk management tips
Format the summary in clear bullet points.

Transcript:
{transcript}

**Summary:** **Stock Tickers & Price Levels:** - AMD: Down 8% pre-market, up 146% YTD, up 23% from July lows. - SPCE (SpaceX): Down 10% pre-market, negative free cash flow of ~$31B for the first six months. - DIS (Disney): Up 3% pre-market. - LLY (Eli Lilly): Up 3% pre-market. - WTI Crude Oil: Up ~0.5% to $76/barrel. - Brent Crude Oil: Up ~1.2% to $80/barrel. **Key Trading Strategy:** - Stephanie Lank (HighTower Chief Investment Strategist) holds a small position in SPCE due to its leadership, growth potential, and total addressable market, with a long-term perspective ("buy, set, and forget"). - AMD's growth and leadership in data center sales are acknowledged, but the high expectations and CapEx concerns may lead to short-term pressure. **Indicators Used:** - Not explicitly stated in the transcript. **Entry/Exit Rules & Suggested Trades:** - No specific entry/exit rules or suggested trades were mentioned in the transcript. **Timeframes Mentioned:** - Not explicitly stated in the transcript. **Risk Management Tips:** - Stephanie Lank mentioned owning SPCE as a small position, suggesting diversification and not overexposing oneself to a single stock. - No other risk management tips were explicitly stated in the transcript.