The Real Eisman Playbook

On episode 61 of The Real Eisman Playbook, Steve Eisman sits down with Peter Arment, aerospace and defense analyst at Baird, to break down how Silicon Valley's $66 billion bet on defense tech is disrupting the industry and why defense stocks are selling off during an active war. Peter makes the case for breaking up Lockheed Martin, explains why cheap drones are beginning to challenge the F-35, and walks through the nuclear renaissance powering overlooked names like Curtis Wright and BWX Technologies.

0:00:00 - Intro

0:01:19 - What's Happening in Defense?

0:08:44 - Real Eisman Playbook Premium Preview

0:09:49 - The Impact of the War in Iran

0:12:35 - Is the US Low on Munitions?

0:16:08 - The Pentagon's Perspective

0:18:00 - The Primes

0:22:55 - Lockheed Martin, Drones, & F-35s

0:31:50 - Which Prime Has the Best Portfolio

0:33:00 - Non-Prime Companies

0:41:16 - Why Russia Still Can't Beat Ukraine

0:44:40 - Boeing

0:52:20 - Curtis Wright & BWX Technologies

1:01:44 - Outro

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Disclaimer: The financial opinions expressed are for information purposes only. The opinions expressed by the hosts and participants are not an attempt to influence specific trading behavior, investments, or strategies. Past performance does not necessarily predict future outcomes. No specific results or profits are assured when relying on this content.

Before making any investment or trade, evaluate its suitability for your circumstances and consider consulting your own financial or investment advisor. The financial products discussed in ‘The Eisman Playbook' carry a high level of risk and may not be appropriate for many investors. If you have uncertainties, it's advisable to seek professional advice. Remember that trading involves a risk to your capital, so only invest money you can afford to lose. Derivatives are unsuitable for all investors and involve the risk of losing more than the amount originally deposited and any profit you might have made. This communication is not a recommendation or offer to buy, sell, or retain any specific investment or service.

Copyright ©2025 Steve Eisman
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On this episode of The Weekly Wrap, Steve Eisman breaks down a week full of warning signs from disappointing results at Walmart and Target to the Ten Year Treasury yield hitting 4.6%. He also covers NVIDIA's blockbuster quarter, the state of software, and closes with two mailbags: one on private credit and another on how his hedge fund actually closed the famous Big Short trades from 2008.

00:00 - Intro

01:02 - Next Week's Real Eisman Playbook Premium Preview

02:45 - Iran War Updates

03:00 - Why I Lightened Up

05:05 - NextEra Buys Dominion Energy

06:17 - Target & Walmart

07:45 - Salesforce

08:40 - Intuit

09:16 - NVIDIA

12:06 - Home Depot & Lowe's

13:30 - Toll Brothers

13:38 - Mailbag: Private Credit

17:22 - Mailbag: The Big Short

19:12 - Outro

Watch my Financial Literacy Masterclass video here: https://youtu.be/u8chA7LC8lU
Watch my Masterclass on the 2008 Financial Crisis here: https://youtu.be/4bSCdJTbR8I

Subscribe 👉🏻https://www.youtube.com/@RealEismanPlaybook?sub_confirmation=1

Connect with Steve Eisman and access all things The Eisman Playbook:
🌐 https://linktr.ee/realeismanplaybook
→ Follow on socials, watch episodes, and get the latest updates — all in one place.

Disclaimer: The financial opinions expressed are for information purposes only. The opinions expressed by the hosts and participants are not an attempt to influence specific trading behavior, investments, or strategies. Past performance does not necessarily predict future outcomes. No specific results or profits are assured when relying on this content.
Before making any investment or trade, evaluate its suitability for your circumstances and consider consulting your own financial or investment advisor. The financial products discussed in ‘The Eisman Playbook' carry a high level of risk and may not be appropriate for many investors. If you have uncertainties, it's advisable to seek professional advice. Remember that trading involves a risk to your capital, so only invest money you can afford to lose. Derivatives are unsuitable for all investors and involve the risk of losing more than the amount originally deposited and any profit you might have made. This communication is not a recommendation or offer to buy, sell, or retain any specific investment or service.

Copyright ©2025 Steve Eisman
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On episode 60 of The Real Eisman Playbook, Steve Eisman sits down with Bob Brackett, the energy and mining analyst at Bernstein, to break down the energy landscape and discuss why energy stocks are down even as oil sits near $100 a barrel in the wake of the Iran war. Bob also explains where the opportunities are, which companies are best positioned, and why the forward curve is confusing even the most seasoned investors. They also explore the AI connection to energy demand, the UAE leaving OPEC, and much more.

0:00:00 - Intro

0:00:55 - Bob's Background

0:01:50 - What's Happening in This Sector?

0:07:15 - Exxon, Oil Prices, & The Forward Curve

0:18:52 - UAE Dropping Out of OPEC

0:22:04 - Natural Gas

0:35:12 - Miners & Copper

0:40:32 - Lithium

0:46:10 - Analyzing the Main Groups & Companies of the Sector

0:55:14 - Drillers

1:02:00 - Which Companies Does Bob Like?

1:06:20 - EOG

1:08:40 - Back to Miners

1:10:15 - L&G

1:14:32 - Outro

Disclaimer: The financial opinions expressed are for information purposes only. The opinions expressed by the hosts and participants are not an attempt to influence specific trading behavior, investments, or strategies. Past performance does not necessarily predict future outcomes. No specific results or profits are assured when relying on this content.

Before making any investment or trade, evaluate its suitability for your circumstances and consider consulting your own financial or investment advisor. The financial products discussed in ‘The Eisman Playbook' carry a high level of risk and may not be appropriate for many investors. If you have uncertainties, it's advisable to seek professional advice. Remember that trading involves a risk to your capital, so only invest money you can afford to lose. Derivatives are unsuitable for all investors and involve the risk of losing more than the amount originally deposited and any profit you might have made. This communication is not a recommendation or offer to buy, sell, or retain any specific investment or service.

Copyright ©2025 Steve Eisman
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On this episode of The Weekly Wrap, Steve Eisman explains why the market’s recent “melt-up” is starting to feel frothy as AI stocks surge and defensive sectors continue to shrink inside the S&P 500. Steve breaks down rising inflation concerns, the growing risks in private credit, and key earnings reactions from companies including Cisco, Coinbase, Toast, Block, Expedia, Trade Desk and CoreWeave.

00:00 - Intro

00:50 - Sign Up For The Real Eisman Playbook Premium

05:50 - Trump Rejects Iran's Peace Proposal

06:10 - Signs of Frothiness in the Market

08:07 - More Inflation Signs

08:42 - Ebay Rejects GameStop

09:00 - More Bad News in Private Equity

12:17 - Payments: PayPal, Fiserv, Toast, Bill, & Block

14:14 - Expedia

14:45 - The Trade Desk

15:20 - CoreWeave

15:56 - CoinBase

16:24 - Constellation

17:10 - Cisco

18:06 - Aevex

18:28 - Mailbag: FICO's Scoring Monopoly

20:00 - Outro

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On episode 59 of The Real Eisman Playbook, Steve Eisman sits down with Kelsey Zhu of Autonomous to discuss the collapse of FICO's decades-long monopoly on credit scores and what it means for homebuyers, lenders, and investors. Kelsey breaks down how FICO raised its mortgage score pricing from 60 cents to $10 per pull and why that aggressive pricing opened the door for Vantage. They also explore the broader financial data sector and discuss how AI is reshaping the competitive landscape for every company in the group.

00:00 - The Real Eisman Playbook Premium

02:20 - Intro

04:35 - An Overview of the FICO Situation

13:40 - Destroying a Monopoly

20:05 - FICO vs Vantage Pricing

27:42 - The Credit Bureaus

30:39 - Kelsey's Call with a Private Mortgage Lender

35:09 - Outside the Mortgage Industry

37:00 - Going Back to the Price Increase

38:06 - Monopolies vs Duopolies

40:11 - Good & Bad Business Models

45:15 - Businesses of the Credit Bureaus

49:23 - How AI Factors In

51:20 - Verisk's Business Model

54:10 - MSCI

59:03 - FactSet

1:03:25 - Summarizing the FICO Situation & Lessons Learned

1:03:32 - Outro

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Subscribe 👉🏻https://www.youtube.com/@RealEismanPlaybook?sub_confirmation=1

Connect with Steve Eisman and access all things The Eisman Playbook:
🌐 https://linktr.ee/realeismanplaybook
→ Follow on socials, watch episodes, and get the latest updates — all in one place.

Disclaimer: The financial opinions expressed are for information purposes only. The opinions expressed by the hosts and participants are not an attempt to influence specific trading behavior, investments, or strategies. Past performance does not necessarily predict future outcomes. No specific results or profits are assured when relying on this content.

Before making any investment or trade, evaluate its suitability for your circumstances and consider consulting your own financial or investment advisor. The financial products discussed in ‘The Eisman Playbook' carry a high level of risk and may not be appropriate for many investors. If you have uncertainties, it's advisable to seek professional advice. Remember that trading involves a risk to your capital, so only invest money you can afford to lose. Derivatives are unsuitable for all investors and involve the risk of losing more than the amount originally deposited and any profit you might have made. This communication is not a recommendation or offer to buy, sell, or retain any specific investment or service.

Copyright ©2025 Steve Eisman
Learn more about your ad choices. Visit megaphone.fm/adchoices