Investor's Edge with Gary Kaltbaum - A Great Week in Review

Episode Date: July 29, 2022

Follow Gary on GaryK.com or http://garykaltbaum.comGary Kaltbaum is a registered investment advisor with more than 30 years of experience in the markets. He is owner and president of Kaltbaum Capital Management, a financial investment advisory firm headquartered in Orlando, Florida. He is a Fox News Channel Business Contributor regularly appearing on Fox News Channel and the Fox Business Network. Gary is the author of the book “The Investors Edge” and is also the host of a nationally syndicated radio show with the same title “Investors Edge” which is broadcast on numerous stations across the U.S. The show is also available on demand and airs live 6-7 pm EST Monday-Friday.

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I'm going to go. Investors Edge with Gary Coltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Coltbaum. And welcome once again to Investors Edge. I'm Gary Coltbaum, your host. A thanks for being with us today. Glad you here, ladies and gentlemen.

Happy that you are listening. And today's show, as we title, is the Week in Review. It really should be the, The two days and two hours review, and we'll explain in a minute. But, you know, there are days where I see so much stuff that I want to talk about. I don't know how I'm going to fit it all in. So I'll be very quick with a bunch of things I want to discuss. We will do the markets in a few minutes, which had another good day.

Remember, we thought there was some. something up last week. We waited for the Fed. You know what we said Wednesday. Yesterday we said all pullbacks are viable at this point. We're going higher. To how long we don't know, how far we don't know, what we simply do. We wait till the ugly head of big selling shows up and we're pretty good at knowing that. But today, there was no pullback. and we'll get into the crux. But let me just go one by one a few things that I saw today and noted that I think you should know about. Number one, believe it or not, has symbol SIGA.

I bring it up because it's a biotech, very little in sales. It ended up down 24% today. The market popped it. up something to do with monkey pox. It comes out that their name is not even involved on the FDA when it comes to helping out with monkey pox. So I bring that up just part of what we've been doing for years with you guys. And it really is three words when it comes to you and your money. pick your poison and just be careful

what you're dealing with be careful what you're dealing in as we have stayed in a thousand times this year okay a hundred times there's been a ton of money lost crushed in any number of things

whether it's a big cap like Netflix and Facebook or those COVID names that benefited from it like Peloton and Teladoc or a bunch of high-flying, overpriced, money-losing technology companies, the SPACs, I've done this 100 times already.

But I just want to bring it up because that showed up. Next, I don't know if anybody watched something called AMTD Digital today. It came public at, seven and three quarters Hong Kong based hardly any revenues

really doesn't make any money it was up $242 today to $421 $7.3 quarter IPO opened to 12 drifting higher I missed it yet I didn't see it yesterday

somebody told me about it today went from 69 to 1 180 yesterday, low to high, low to the close, ended up with a market cap at the close today. I'm not making this up. $79 billion market cap. $79 billion market cap on a company with very little revenues. You know what we tell you about froth and speculation. Just keep that in mind.

Keep that on the file manager for you guys. because we're having a good rally in the market. Broad-based. Speculation. Like this? Too bad I don't own any shares. Somebody made a lot of money. And just remember, a stock that goes from 7.3 quarters,

an IPO hit a high of 485 today, closed at 422. The only way it got there is somebody paid that price. they did not care that the stock was seven three-quarter IPO just three weeks ago. They did not care that it has a $79 billion market cap. They're in their buying. That's froth and speculation. Next. And this is of import.

I'm not going to mention names. A certain media outlet paraded somebody on TV as a guru. as an expert, as this and that. He missed the whole bare market. He was crushed in the bare market. He was telling me to buy it all the way down. They paraded him on TV today to tell you, the bottom is in.

You know where I'm going with this, right? I'm in a very flawed industry. It's almost like politicians, somehow failure is put up front and center. And we just want you to be careful about who you're listening to. Including us, next. As you know, we don't take on anybody. We just didn't mention this person's name.

We have no interest in making joy, making happy, on people that are not doing well. so we don't bring it up. But we've received no less than 500 emails on the ARC funds throughout the whole year while they went down 75%. So since you know about it, we don't understand why their manager and owner is paraded on TV. Down 75%.

Why would you bring that person on TV? just another example. But we told you we thought there was a flaw in that they kept averaging down in money-losing companies and companies whose business was worsening. While telling everybody they expected these things to be 10 baggers in the years to come. Well, there's a stock called Roku where they've been buying all the way down, ended up down 19 bucks today to $65. Of course, its high was $490.

Their average cost is $243.83.88 with they own 10.1 million shares, which means what's 180 times 10 million? You know what the answer is? Holy crap. That's the answer. Just another reason why. You've got to pay attention to what's going on. And I say this because they've been bringing in a lot of money while they drop in 75%, which we really don't understand.

Because just of Roku today, the fund was down 2.5%. while the NASDAQ was up about 1.8% today. We want you to remember that. Next, Facebook. We've been bearish on Facebook for quite a while. We stay bearish on Facebook. Technically, we got bearish on it in September

between 350 and 360. It's now 159. We've never trusted Zuckerberg. We think he lied in front of Congress a couple of times. We don't think he lied. We know he lied. We're just letting you know it can't rally in the last two days in change. In fact, it's down.

If you own Facebook, well, they call it meta now. We're not going to tell you what to do. But if it cannot rally in the face of the last two in change and not only not rally but drop, I'd put it under review. Up next, more tidbits and full markets. This is the one only Investor's Edge. Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investors Edge. We're not just handsome radio people.

We manage investors' money for a living, specializing in fee-based discretionary money management. No big commissions, just a fee on the assets that's managed. We also provide a full range of personalized services, including retirement planning, fixed income, and educational needs, all to assist you in achieving your financial goals. Understanding not all individuals have the same needs, we'll carefully evaluate your personal goals

to determine a proper investment strategy. If your current approach to investing is not getting you to where you would like to be, call us to make an appointment for a complementary portfolio review. The number to call is 888-4-22-559. That's 888422-5-5-9. That's 888-4-22-55-59. Investment advisory services offered through call-bomb capital management. Hi, I'm Dr. Jake Goodman, host of Beyond the Script,

the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist Victoria Motola. who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomachache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just, I have a stomachache every day.

Or I'm constantly feeling like gassy. And all of those things are not something that generally, if you have a healthy gut, you should be living with. So that's when we deep dive. We deep dive into your medication, we deep dive into your OTC medication, and then at that point we can probably identify something that we can change. Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeart Radio. Listen now wherever you get your podcasts.

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Hey, this promises to be fun. Investors Edge. The last bastion of quality programming. With Gary Coltbaum. It doesn't get better than this. And welcome once again to Investors Edge. Thanks for being with us today. Let's stick with the tidbits for a few minutes.

Next has nothing to do with the markets It has everything to do with My belief system As you know We believe in people That's not a cliche

That's not sob story We just have hope for everyone And unfortunately Unfortunately, not everyone proves to be of worth, whether it's crime, corruption, you name it. The other part of the equation is we believe in second chances. It's one of our big mantras. We believe that no one's perfect and everybody screws up.

it's what you do about the screw up that matters most do you learn from it or do you repeat it we've been telling you about the person in New York City that has shoplifted 121 times and they continue to let him out of jail

well he gets no quarter from us he hasn't learned And of course, nobody's making them learn. I bring this up because Will Smith apologize today in public to Chris Rock's mom. I guess he said and reached out to Chris Rock and Chris Rock just said not now, not just yet. But I noticed a lot of people cursing out Will Smith for what he did. How terrible he is.

Worst of the worst. And I got news for you. What he did was bad. What he did was wrong. And he did it on like one of the biggest stages you can do it on, the Academy Awards. But what happened to second chances? Will Smith has done a ton for his community and for others throughout his lifetime. Go read up about it. He's been pretty much exemplary and he screwed up and he's apologizing. And I gather he had to be very introspective. What would make. can do that. And that's why he took his time. But where are the second chances? You know, Jussie Smollett, the guy who committed that fraud that he was beat up and he was trying to almost created a race riot. There we have an issue. Why? Because he came out and gave the middle finger.

Everybody said he didn't do it, even though all evidence that he did. So no second chance there yet from the bleacher seats. But just letting you know how we feel. I think Will Smith, before all this, inspired, created. I'm not talking about his family. I know there's some things going on there. Kind of weirdness.

Anyway, I just wanted to bring that up. That was another little tidbit. And I love men in black. Great movies. Next, we move to the market. Apple, earnings down 8% revenue only up 2%. Their worst quarter, and I can remember, I don't know how long. I really can't remember, excuse me.

Market cap on up $80 billion today, up $5, just letting you know. A big help to the NASDAQ 100. It's 11% of it, even though there's 100 names in there. Amazon, they lost 20 cents a share. Revenue only up 7%, which has been a deceleration. The stock gapped up, finished up $12.67. It was up about 15 at one time. That had some volume.

Apple's volume was only a little more than normal. Amazon 83% higher. Microsoft. earnings up three revenues up 12, both a serious deceleration. Microsoft from the close of 251.90 on Tuesday, off their earnings with a gap and two more days, has gone from 25190 to 280 and three quarters. That's over 10% move in three days on decelerating numbers. huge help to the NASDAQ 100.

What gives? How is it possible? Well, Microsoft had some better guidance. Amazon said something about their web services. I didn't see really anything that was really thrilling about Apple. What gives? It's simple, what gives? Institutions.

upon the market putting in a good bottom went to their default settings and that is these mega caps that have been dependable for so long and have been down so far and so far it's working I will promise you though something A I think they're probably going to go higher first

if they don't grow their businesses again eventually they will hit a wall. And there's nothing wrong with these companies. It's just that once you get so big, very tough to grow like you used to. It's happened to Intel, Cisco, and so many other names, Walmart. How do you grow a business in a strong way

that has $550 billion in revenues like Walmart? I think Apple's nearing $400 billion. So we just want to let you know. Very good action there. And by the way, the top five in the NASDAQ 100 is 40% of it. Another one is Google, which had a good reaction off of their minus one earnings growth. Their worst quarter ever. It's their worst quarter.

And that's rallied up off their earnings from, a close of 107.51 to 11644. Keep in mind, it's down from 151.5 in February. Up next. Some more tidbits on the markets. This is the one only investors' edge. Hi, I'm Dr. Jake Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask

at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like, I get a stomachache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just, I have a stomachache every day. Or I'm constantly feeling like gassy. And All of those things are not something that generally, if you have a healthy gut, you should be living with. So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change.

Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeart Radio. Listen now wherever you get your podcasts. Success starts with your drive, and American Public University is here to fuel it. With affordable tuition and over 200 flexible online programs, APU helps you gain the skills and confidence to move forward. Whether you're changing careers, starting fresh, or pursuing a lifelong passion,

our programs are designed for people who never stop. You bring the fire, APU will fuel the journey. Learn more at APU.APUS.edu. OnDec is built to back small businesses like yours. Whether you're buying equipment, expanding your team, or bridging cash flow gaps, OnDex loans up to $400,000 help make it happen fast. Rated A-plus by the Better Business Bureau and earning thousands of five-star trust pilot reviews, OnDec delivers funding you can count on.

Apply in minutes at ondac.com. Depending on certain loan attributes, your business loan may be issued by OnDec or Celtic Bank. OnDek does not lend in North Dakota. All loans and amount subject to lender approval. We're listening to America is talking. Investors Edge. He's got to be pleased with that. The crowd is just on his feet here.

He's a Cinderella boy. With Gary Coltbaum. It comes highly recommended. You're going to feel better if you talk to him. And what once again to Investors Edge. As I was mentioning, the top five names are now Apple, Amazon, Google, Microsoft, and Tesla. Tesla is on the move. lack of a better word.

It's up today another $48. Keep in mind, it's $8.91. The high was $12.43, but they're in there again on Tesla. Memory of what was working before the bare market. And Microsoft. Excuse me, we already did that. Google.

Or did we do that? Either way, the top five, 41% of NASDAQ 100, good reaction to earnings. And that's what's going on there. Facebook is out of the top five. That's being crushed. Netflix is acting better. But that's way down now.

Used to be closer to the top five. So we're just letting you know the top five names that represent 41% of the NASDAQ 100, which should be changed. they should fix that but they won't Apple Gaps up today, Amazon Gaps up today, Google better reaction, though still very weak. Microsoft, real good reaction. And Tesla, for lack of a better word, just simply on the move. Next. And by the way, advanced declines on the NASDAQ today were not being. good, but the NASDAQ was still up nicely. Why? Five names.

But everything counts. Next. Oils. It was a bunch of days ago. I think it was Monday. Where I said to you, I thought

the oil stocks were ready to make another move. And they are. And very simple, from Monday the big oil which not supposed to move as much has gone from

73 76 to 7842 and what happened earnings and you really have to wait for earnings you can't buy in front of this stuff even on oils Chevron up 13 a half today 9% accounted for

7 times more 90 Dow points just Chevron in the Dow and broke back above the 50-day moving average. And that's part of the XLE. The XOP, which is the Explores, has gone from 12790 to 137. Earnings and the OIH, the oil services which are a drag versus everything else. 221 to 241 since Monday's close. On higher oil prices, which the market forgave.

So just letting you know. But a lot of earnings are coming out very tough to play. Next, as we said earlier, we think you buy all controlled pullbacks in the market. We're using the term market. Those are the big indices, not necessarily the small. and we say this because what we said yesterday, the transport's turned up,

the industrial's turned up, the healthcare turned up. And what do we mean by turning up? The first stair step higher. That's what happened this week. Remember how we've explained things to you? We've thought back, how do we explain reverting out of,

potentially, out of a bare market? and not having to look over your shoulder. It's simple. Draw some stair steps down and then hit a floor, draw one stair step up, draw another little floor horizontally, and then the next stair step. That's what the market did this week.

It's somewhat solidified this low. I take that. back, it's solidified this low. It confirmed this low. And when you have just about every area doing it, it makes it more meaningful. Now, we say this by telling you, listen carefully, because we've told you this up front. We had been surprised we had not had better bear market rallies. Now, we're not really into labels. A lot of bears right now, are calling this nothing more than a bare market rally. We can promise you they don't know.

For all we know, we've seen the bottom. That ain't coming back. We'll let the market decide. And the other part of that is, we'll know, how we know, just how we called tops in the market so easily throughout the years. Guess what happens? You stall, things start breaking down one after the other, and guess what, that didn't happen as of today.

Now we're heading into massive resistance. We will probably get that pullback finally, or at least some stalling. But as of this second, based on what we are seeing, we're comfortable what we said yesterday. And I don't think we've said that all year. Instead of sell the rallies, it's by the pullbacks,

but we still haven't got one yet. transports up 700 points in two days. That's what we mean by broadening out. The dead financials even moved off the 50-day moving average and moved above a little range today. So it looks like they're gonna move, but they're very slowboats. This is what we mean by broadening out. out. Very important. We get a lot of emails. You know what the emails I'm getting? This isn't real.

This is rigged. Somebody emailed me that and I asked back, wasn't the downside rig then? They got mad at me when I said that. There are a lot of people out there that don't want to believe markets are going to go up. A, for political reasons, just like nobody wants to talk about the Republicans don't want to talk about inflation coming down. Why? Got an election. Republicans in D.C. aren't talking about yields dropping from almost 35 to 2.64. They were certainly talking about it going up to 3.5. And then there's the Democrat side. They don't want to talk about how bad inflation got. They blamed it on everybody else. So you got to keep careful about the politics of this. You got to be careful about the perma bears now. Remember, when we're dropping, we kept telling you,

got to be wary of the perm of bulls. What do we say to you? You will get no help from Wall Street. And now that we're going higher, you know what they're saying? Told you sell. These ass clowns that never told you to sell, told you to buy all the way down, are out there saying, told you so. They are the definition of ass clowns. They're fully invested people that never see bear markets coming, that have crushed people. There are funds down 50 to 75 percent, and those people are being paraded on TV, told you so. we want you to pay no attention to them, those permaboles. And that's for starters no matter what.

But really at this juncture, you've got to be careful about the perma bears. They've had their way. The end of the world's coming. The end of the world's at hand. Hell in a handbasket. Massive inflation. Massive deflation. Big recessions, big depressions.

Just watched. the market, it'll give you all the evidence you need. Up next, today's market. This is the one only investors edge. Hi, I'm Dr. Jake Goodman, host of Beyond the script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist, Victoria Matola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomach ache every time that I eat. And it just becomes like a lifestyle where, oh yeah, you know,

I just, I have a stomachache every day. Or I'm constantly feeling like gassy. And all of those things are not something that generally, if you have a healthy gut, you should be living with. So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication. And then at that point we can probably identify something that we can change. Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeart Radio. Listen now wherever you get your podcasts. Success starts with your drive. An American Public University is here to fuel it. With affordable tuition and over 200 flexible online programs, APU helps you gain the skills and confidence to move forward.

Whether you're changing careers, starting fresh, or pursuing a lifelong passion, our programs are designed for people who never stop. You bring the fire, APU will fuel the journey. Learn more at APU.APUS.edu. Cashflow crunch? OnDEC's small business line of credit gives your business immediate access to funds up to $200,000, right when you need it. Cover seasonal dips, manage payroll, restock inventory, or tackle unexpected expenses without missing a beat.

With flexible draws, transparent pricing, and control over repayment, get funded quickly and confidently. Apply today at on deck.com. Funds could be available as soon as tomorrow. Depending on certain loan attributes, your business loan may be issued by On Deck or Celtic Bank. OnDec does not lend in North Dakota, all loans an amount subject to lender approval.

You're listening to. What are we waiting for? Well, what are you waiting for? One, two, red, By the way, I had people mad at me for saying inflation topped. We're still at very high levels, but the numbers that are going to come in going forward are going to be lower. There's no doubt. You can see it in yields coming down.

You can see it in commodity prices. People are mad at me for saying that because they're so politically wound up. up. We pay attention to everything and pay attention to nothing. When all is said and done, the markets, their action, their roadmap, the break above the 50 day, started it, that's what got us at least getting back in, starting last week. The rally up into this week on Monday. Tuesday was gross, having to wait for Wednesday. And then boom. After Jay Powell. You give them credit and not, couldn't care less. We only care about the market. And you've had two days and about two and a half hours because it started about 2.30. The broad market lifted

right off that's pulled back to the 50-day moving average. Bear markets are under the 50-day rallying into the declining 50-day and failing. Bull markets, bullish markets, are getting back above and pulling back into them. Now, we have a sneaking suspicion. This is a guess. Soon, we're going to hit an area. and we're going to pull back, we're going to hold, maybe undercut a little bit, and then we'll take it from there. We'll cross that bridge when we get there.

On the other end, just letting you know a bunch of the Chinese stocks have topped. Whatever's going on in China, just everything's been rolling over. We started telling you that On July 11th That was the day When we said, you know this little nascent Chinese ADR rally? Ending What else?

Intel down three and a half bucks today The 3615 Rest of the semiconductors ignored Horrible numbers But don't worry, Intel That's at a new yearly low, by the way says we're near bottom. Market didn't believe them.

Intel's earnings were down 79%. Revenues down 22%. And those are the tidbits that I wanted to cover, including Will Smith. I was just stunned all the hate on him. He screwed up. All the hate. from people, by the way, who never screwed up. They're perfect, right? Anyway, we wish him well.

We hope he gets kumbaya with Chris Rock. I think they're both great entertainers. And we move on to more important things in life, right? But today's market wrap brought to you by Investment-Dashmodels.com. That's Jim Roarback, one of the great market timers. No gray areas with the man you're either in or out of the market was proprietary indicators. Go check it out. Investment dash models.com. Dowp 357, NASDAQ 228, NASDAQ 100, 230. Semis were only up 22, but Intel was a help on that. And transports up 333. Advanced declines on NASDAQ, not so great, but better on the New York. And just persistent, two days and an hour and a half. That occurred after a Fed meeting. And,

while earnings are going on, even Caterpillar, which has been just dead, up 10 today, that was 70 Dow points. And guess what that did today? Coming up the right side. So pretty much most everything, those stair steps. And as we've stated, you're getting a little bit of leadership in some names, a little bit wary on them, but you're getting a little bit of new high list. But it's like genuine parts. You know, good store. I've been there. We'll see if it gets into real good stuff, the real

great growth stuff, which has a ways to go. But I have absolutely no complaints on the market for the last two days and one hour and a half. Zero complaints. And when you have a chance, go check out what the major indices did. You'll see what we're talking about. We'll hold from our Spain headquarters, one or two webcast this week for our members. You can go to Convictionleaders.com or press the button at garytay.com and check that out. And what do we do? We show the roadmaps.

And we show how this occurred this week. the road map. And as always, if anything changes, we'll let you know. But man, oh man, are we surprised? Oh, we are surprised about the strength of this couple of days. Not the move, but how much? But welcome to our world. And it looks like it tells you how Wall Street was leaning one way,

and how to get leaning the other way. And thus, a better move. And I want to repeat something. I think it ends up higher before any real possibilities of damage. But we are due to pull in. Right now, the pull-ins

are happening during the day and then ramping up. Next week will be another week. Let's hope it continues. On that note, you all have a great weekend. You all drive carefully. And when you get home, you simply do what we do. A, travel the world.

I promised myself years ago. It's worth it. Make sure you hug your children. Make sure you hug your family. They will feel better. You will feel better. I promise you. If you turn on Fox News tomorrow at 10 a.m.,

I will be on with Neil Cavuto, here from Spain, with probably a digital background for more Orlando, Florida. Until Monday, same time, take care. Again, have a great, great weekend. Bye, bye, all. This has been Investors' Edge with Gary Cult Bomb on BizTalk. To listen to past episodes or to get in contact with Gary, go to GaryK.com. That's GaryK.com. Success starts with your drive, and American Public University is here to fuel it. With affordable tuition and over 200 flexible online programs, APU helps you gain the skills and confidence to move forward. Whether you're changing careers, starting fresh, or pursuing a lifelong passion, our programs are designed for people

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