Investor's Edge with Gary Kaltbaum - Another Week! More Yuck!

Episode Date: May 16, 2022

More Info At: http://garykaltbaum.comMore

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Terms apply. Lounge access is subject to change. See Capital One.com for detail. Investor's Edge with Gary Coltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Cultbaum. And welcome once again to Investors Edge. I'm Gary Colbom, your host.

A thanks of being with us today. Glad you here, ladies and gentlemen, happy that you are listening. Monday, May 16th, 2022, and everybody is now coming around and telling you what we've been telling you for 18 months. Elon Musk today came out. You know what he said in a tweet? Or somewhere? The money printing caused the inflation.

Hey, thanks. Elon must be listening to the radio show. But I digress. Hope you had a good weekend. Big week for Gary. Son's being... My son is getting married this coming Saturday. And I'm all ready for the big speech.

I'm told it should be five to six minutes long to the point. I think I got a good one. As you know, I will not script it. I do not script radio. I do not script TV. I was once told when I first started TV before even Fox. I was doing a little, this is local TV. A producer said, just tell the camera how you feel.

and that's what I'm going to be doing. So that'll be Saturday. Wednesday night I'm going to the Mets game, City Field, to see my beloved Mets. So what a week. And of course, the offices of Colbaum Capital will be moving to New York City

on Wednesday. And that's the week. Ladies and gentlemen, one of the most important things we do for you guys here and gals is warn you. It's the most important thing we do here is warn you. We warned you about the bubbles. Little did we know.

Oh, my goodness. We warned you about the marijuana stocks and one of the big touters I saw on TV today to tell you. He's probably down 90 percent and still telling you got to own marijuana stocks. And unfortunately, we've had to warn you a lot. over the last 18 months because of all the bubbles. Well, one of our recent warnings really coming to fruition. What was the warning? There's just no way. Elon Musk is buying Twitter for $54.20.

What was the warning? That's a pretty damn good chance. Deal ain't getting done. What was the warning? If the deal doesn't get done, I would think it's $30 and below. Why? Because the NASDAX below the lows when Twitter was at $31.

We didn't tell you to buy or sell or short or cover. We just warned you. You get to decide all that. And it was pretty simplistic. A, he changes his mind. B, the stock itself was yelling and screaming it. And now, guess what? Oh, Mr. Musk comes out and he's talking about bots, BOTS, that maybe there's too many at Twitter and he paid too high of a price.

And now he's saying maybe the deal can get done at a lower price. The stock closed today. You ready for this? At $37 and $39 down $3.33. You know what the interesting part about this is? do you know what the interesting part about this is? You know what the stock was the day before the announcement that he was looking to buy the company? $39.31 at the close.

It's now $37.39 with a $54.20 buyout on the table. We warned you. We hope you listened. We're very logical here. We know there's all this talk about this. and the other thing and this, that, and the other thing, and secular and secular and secular and long term and short term, and this, that, and the other thing, and the Fed, this, that, and the Fed this, and the other thing,

and the Fed, this, and the Fed, that. Which is logical. So let us bring up another bit of logic. In case you don't know, JetBlue is now trying to do a tender offer for Spirit Airline stock. And Spirit stock was up $2.31 to date and $19.29. Now, keep in mind, there's a buyout on the table from Frontier. But JetBlue's coming in, no, no, no, no.

Here's the interesting part. It's a $30 tender offer with the stock $19.29. What do you think that's telling you? The markets yelling and screaming ain't going to happen. So there's a lot of this crap going on out there. And you know when this crap usually happens? In bad markets. What's my guess now on Twitter?

if a buyout occurs, it'll be in the low 30s. Mid 30s. Let's give it that. Close it 37 and change today. That's my guess. It's not going to be 5420. It's not going to be 50. It's not going to be 47 and a half.

It's not going to be 45. It's not going to be 42 and a half. It's not going to be 40. There's no reason. And if the market worsens, who knows? Twitter's business is not so great, by the way. So let me just repeat. We hope you listened.

Just a little bit of logic. And you know all the other things we told you about, the game stops and the AMCs and the bubbles and the electric vehicles and the Chinese ADRs and the marijuana stocks and the 3D stocks and the hunks of junk and ridiculous price IPOs and the SPACs and the money grabs and on and on and on.

We just hope you live. listened. And of course another day went by today and a few more these people from the central bank, these egomaniacal wrong way crowd morons, don't shut up. And I have now oil prices at 112 up another $3 and change today. Transitory. Yet Jay Powell was re-nominated and voted in for another term as our head of our central bank when he could not have been any more wrong and he was the cause of the inflation the initial bout only in Washington DC could you suck and get renominated again nothing personal we take no joy we'd rather compliment him we'd rather say he's doing a great job, a wonderful job. We'd rather be saying that President Biden's doing a

great job or a wonderful job. They're terrible. They are our opponents. They are on the other side of the table working against you and I with their stupidity, their ignorance, their control freakishness, and we pay the price. Anyway, that's how we start today. Have I thrilled you yet? Before we move, hearts go out. A piece of crap, scumbag, racist M.F.

Like to kick him in the... Until he screams bloody murder, we should waterboard him. String him up. Let him out in the yard. 18-year-old. Guns down. 75-year-old grandmas.

This cowardly piece of crap. shopping at a store, guns them down, in cold blood. Think about that. 18. How at the age of 18 are you at that point? I always thought serial murderers of 50s. Gee, what a thought. Anyway, our hearts go out.

Our hearts are broken. Up next. More. I'm Gary. This is the one only investors. 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 888-4-2-5-59. That's 8-8-5-59. That's 888-4-22-55-59.

Investment Advisory Services offered through call-bomb-com. capital management. This message is brought to you by the Capital One Venture X card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card, what's in your wallet? Terms apply. Lounge access is subject to change. See Capital One.com for details. As mom,

I always want the best for my family. For that I want the best. And that's just only eggs, egglands best. No important how the cuinets always know how the cuisines, always know freshes and delicious. And they're more vitamins

of IE and the double of omega-3 than the eggs regular. So, because conformart to less when you can't have the best? The best.

Mejor, better nutrition, Measures, This webles. It's time to switch on the integrator units and get the brain cells working. You're listening to. 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. It is, I must tell you, is somebody that, just so you know, my mornings up early, Read the whole Wall Street Journal, a bunch of the financial times. I then go through, I have on my Twitter feed a bunch of things that get pushed to me that I'm always reading and just being on top of all the things that are going on in this world.

It is just stunning. as I've told you I've never been more confident in us but there's still always going to be bad out there to a certain extent and it's just these sit in amazement

an 18 year old mowing down people just going about their business 18 I was playing tennis at the Spanish monastery in North Miami Beach every day after school when I was 17 and 18

before I went to college on the tennis team. I was number one, by the way. This guy's buying ammunition and artillery and killing people for no reason. There won't be any outcome of it.

He'll be in jail. He'll be on suicide watch. Maybe he kills himself. Maybe he doesn't. That's it. And of course, the gum flappers will be whining and complaining about everybody, you know, everybody's going to blame everybody else and all that and gun this and gun that. I want you to remember something.

No matter which side of the aisle you are on guns, which side? I think we're all on the safety side, right? I want you to remember that one side of the aisle under Obama could have done anything they wanted to do and they didn't do a freaking thing. And then when all was said and done, then they started complaining about everybody else. How come nobody doing it? Just remember these politicians. They're just so full of crap.

They prey on your short memories. That's what they do. That you forget. You think they want you to remember that Obamacare, family premiums have tripled when they told you they'd come down because of it, even though logically it was impossible. Biden whining about guns, every time somebody's killed with a gun and they did nothing when they had super majorities,

they want you to forget these things. Just remember all this. It's a great con by both parties. It's how you get the $30 trillion of debt. Remember, they have spent $30 trillion more than they were supposed to. If there was a law against it, it would be committing a felony, they wouldn't have. But they set things up so they can never get in trouble. Ethics in Washington, D.C.

They can commit crimes all they want. Nothing. Do you know they're sitting congresspeople right now that created fake charities, took all the money and were never indicted and they keep being elected? Go look it up. Seriously. I was absolutely amazed here in Central Florida when they caught Karim Brown and put her in jail for it. Most all of them get away with it.

Okay, I'm whining complaining. Why? Because the market still sucks. And I have to tell you today, and just this is a little tidbit so you can understand the things we see and how we see them. Today, at 232 p.m. The Dow was at 32-511. You got that? It was up 308, 9, 10 points. when it was up over 300 points, the NASDAQ was flat.

What have we told you here time and time again? NASDAQ is the risk index. We'd rather have the Dow down 300 points and the NASDAQ up. What happened? Well, from 2.32 p.m. into the close, the Dow only finished up 26. And you know what the NASDAQ did then, right? if the NASDAQ was pretty much flat while the Dow was up 300

and the Dow finishes only up 26, NASDAQ down 142. So I wish I had great news for you. I'm going to do my usual here. What working? What not? And of course, what not is a lot. What's working? Not much. And probably what we would call the wrong areas.

And by the way, The Dow was actually, am I right in saying this? At 357, no, I'm going to take that back. At 357, the Dow 32-174-26-4-9. It was actually down 23 points. I digress. The Market Wrap is brought to you by Investment-Models.com. That's Jim Rohrabach, one of the great market timers.

No gray areas with the man you're either in or out of the market. It was proprietary indicators. Go check it out. investment dash models.com and by the way again Jim has been on the right side of this disaster to the downside Dow up 26 S&P down 16 tells you a lot NASDAQ 142 NASDAQ 143 SOX down 50 the semis transports 121 and a few things I want to make note of first and foremost oil prices are up another three in change It's terrible. It's terrible news.

But I will say oil stocks pretty good. I'm actually, I'm just stating for the record at the close today. Chevron is within a couple of dollars of breaking out of about a 10-week range in a bullish phase. Occidental where Warren Buffett is buying the living heck out of it did break out of a little range in here today. Exxon, big oil. Almost. I don't know if that's good news. Up next, what else? I'm Gary. This is the one only investors, Ed. This message is brought to you by the Capital One VentureX card. VentureX offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect.

Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply. Lounge access is subject to change. See Capital One.com for details. This episode is brought to you by Sprecker.

The platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives, and saying things like, sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already a podcaster. The good news is Spreaker makes the whole process simple. You record your show, upload it once, and Spreaker distributes it everywhere people listen. Apple Podcasts, Spotify, and about a dozen apps your cousin swears are the next big thing. Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more microphones.

Start your show today at spreeker.com. Sprinker, because if you're going to talk to yourself for an hour, you might as well publish it. This message is brought to you by the Capital One Venture X card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet?

Terms apply. Lounge access is subject to change. See Capital One.com for details. 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. Welcome once again to Investors Edge. So your new yearly high list on the NASDAQ. You ready? I got Pilgrim's Pride, PPC.

It's food. But isn't somebody buying them out? I'm not sure. Anyway, it's food. I have Golden Ocean Group. It's a shipper of dry bulk. I have Sierra Wireless, which has come straight up in the last few days.

That's your Nazareth. New High. You're New York. You ready? Merck. Drugs. We mentioned H&R Block. I don't know what the hell is going on there, but it's New Yearly High.

Then after that, Occidental Petroleum. Chevron, Devon Energy, Centivis Energy, the big oil ETF, Phillips 66. Scorpio Tankers, another shipper, Griffin Corporation. I believe that is... I've got to see if there was news. Laminates. Hes Corp, another oil. SFL Corp, symbol SFL, another shipper.

Tidewater, oil. Do not, da, da, da. Oh, Universal Corp, tobacco. Because everybody likes a good sig. That's your new yearly highs. in all the tens of thousands of stocks in the market. That's it. And as we've said to you, just logically and fundamental,

nothing good happens if oil prices keep going up. There's not a damn thing that's good if oil prices keep going up, except for oil stocks. Day after day, we're hitting records on average around the country. Day after day. Yet they had Schumer, Biden, and Pelosi out in the last week, saying, in order to cure this, We need to raise taxes.

Dictators, Marxists and Socialists, never change their stripes. It's the morning, raise taxes. It's the afternoon, raise taxes. It's the evening, raise taxes. There's inflation, raise taxes. There's deflation, raise taxes. It's sunny out, raised taxes. It's windy out, raised taxes.

We were told for four years we have never seen such lying. in our life from the last guy. Nah. Oh, we're getting in droves now. They just, media just, you know, doing their usual, not reporting it. They kept a monitor on the last guy on the lies. They don't even pay attention to the lies coming from these guys and gals. So I got nothing really good to report today.

When the Dow was up 300, NASDAQ was flat, and that's just bad. Give me the NASDAQ up 200 with the Dow down. We'll be talking. What else today? The higher beta growth arena, I will tell you that on Thursday, late, and Friday, very good day. My thought process, we'd get some more upside testing in their bare market. Did not happen today. We call them counter-trend moves.

Did not happen today. And I must tell you all day, they were pitiful. Never got going. that's not good news what else am I seeing today that's not thrilling commodity prices coffee strong move to the upside

today we don't like that cotton new yearly high in fact cotton multi-year high but don't worry cotton doesn't go into anything does it Wheat

Breaking out again It's only up 90% from September Soybeans Near highs Other things Coins not a good day today And they had this piece of crap on TV today Had the nerve

Bitcoin's going to 250,000 If I'm doing the interview He's singing soprano Within a couple of minutes I'm sick of these people Sick of them They're being destroyed and they want to take you with them. Remember, for something to go to 250,000, somebody's got to pay $249,99,99.

And the bubbles have popped. Popped bubbles do not skyrocket. They fade. Sometimes quick death, often slow death. Don't fall for the slow death. low death. We'll let you know if things change. We have no agenda, no ulterior motive, except to keep you ahead or one step ahead of the market. And it's quite the market we're having. We remain stunned at the losses in the growth arena that we have rifled off to you on a daily

basis price from the upside to the downside. And we want you to remember something. Just because the stock goes from 100 down to 20 doesn't mean it doesn't go to 10. And if you buy it 20 and it goes to 10, that's a 50% loss from there. I heard somebody today say, oh, we don't mind averaging down. And frankly, we expect to average down. If somebody expects to be averaging down, why would you buy in the first place? Just some thoughts on things we hear. But the big story today, Elon Musk is finally parroting everything we've said for 18 months and there will be no buyout of Twitter at 5420 or 50 or 47.5 or 45 or 42 and a half as he got smart. We told you a week or two ago, his best move back away, stock will crash, come back at lower prices. He's backing away.

Again, we really hope you listened. Protecting capital right now. Huge. With a big, Fat, Bold, Capital H-U-G-E. Those who do that at this time are way ahead of the game when this turns, and it will eventually turn. We don't know what date or from where. We know what it looks like, though, from our studies of bottoms of bare markets, just like we studied, tops of bull markets, that we have nailed for you. here on the ever popular Investor's Edge

hosted by your handsome and buffed host yields came down a little bit today that's not bad we'll take that but still elevated from the norm though much lower than history the issue is markets and the economy have been used to

most lower much lower addicted to much lower. So we are closely monitoring the housing business now because of the one-two punch of higher rates and clear lack of affordability. Up next, this, that, and the other thing, and whatever else. This is the one only investors' edge.

This message is brought to you by the Capital One Venture X card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply. Lounge access is subject to change. See Capital1.com for details. This episode is brought to you by Sprecker. The platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need, explaining

RSS feeds to confused relatives, and saying things like, sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already a podcaster. The good news is Spreaker makes the whole process simple. You record your show, upload it once, and Spreaker distributes it everywhere people listen, Apple Podcasts, Spotify, and about a dozen apps your cousin swears are the next big thing. Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more microphones. Start your show today at spreeker.com. Spreaker, because if you're going to talk to yourself for an hour, you might as well publish it. This message is brought to you by the Capital One Venture X card. Venture X offers the

premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply. Lounge access is subject to change. See Capital One.com for details. You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action! In the guest's edge.

with Gary Culper. And welcome once again to Investors Edge. Thanks for being with us today. So we know what's happening in the market now. So what we do now in preparation, and we can be two years away, a year away, six months away, three months away, since everything has been crushed,

except energy Hershey's Post-Cereal General Mills-Camble soup Coca-Cola Kellogg's and a smattering a few other things we spend about a half hour a night

rummaging through all the tech retail growth software semiconductor, you name it, we could run through them. We're just looking at earnings and sales. We really don't have to look at the stock because they're all being crushed,

all in some major bear markets, some a lot worse than others. What else are we doing? Well, I have one screen sitting in front of me right now. It's my initial public offering screen. It is the initial public offerings from about the last two years, maybe a little farther back. They've all been crushed. Do you remember a company that came public called The Honest Company with Fanfare? This is Jessica Alba, an actress.

I don't know what show she's been on, but she's an actress. And of course, fanfare. That's, you know, celebrity world that we're in. They brought it public at 16. That same day, it's $23.88. There's only one problem. They've never reported profits. It's $3.43 today.

$3.43. And you know what else? Insiders are selling down at three and a half to four bucks. Interesting, huh? But honest company is on our screen. Why? Because we know from a lot, this screen are going to be monstrous winners. And some will go to zero, but this is where we find things.

So we're just letting you know we're already in preparation. Here's another one. You ever hear rent the runway? You get to rent designer apparel and accessories came public at 21. And the same day hit 2477 and closed at 1929, so not a good IPO. Another company, they've never made money. Only losses. $3.96.

That came out with some fanfare. I'm pretty sure I remember the CEO being interviewed when it came public on TV. A lemonade insurance company in Europe came public at 29 and they ram that baby up to 188 bucks. It's 19. Do you know why? They've never made any money. But what do we do with all these companies? We look at them every day at the clothes.

see if anything sticks out, reaction, action, earnings, sales, and the like. So we never lose focus. We never give up, and here's why. Some of these names are going to be five baggers, maybe even ten. We don't know which ones, but if we don't start now, so that's the goal. Simple as that. and we watched some SPACs noticing this beach body came out of 10 bucks, went to 18 it's now 1 subscription

fitness and stuff like that one would think that would have a chance but due to the fact you can do that anywhere you always ask yourself that question so we're going to let you know going forward we will highlight these things if and when they show up

and as always you get to decide like I'm looking at a cloud computing company called CES Disco. They've never made money. Came public at 32, went to 69, it's down to 24, nothing to do. But I know cloud is going to be a pretty good business, and I want to see, can they grow their revenues, and start making good cheese.

So stay tuned. Just letting you know up front what we're already doing to prepare, though we think it may take a while and unfortunately the skanks on Wall Street brought these out at ridiculous valuations

and valuations have to be worked off a lot of it has there may be more to go and as I walk through so many of these names there's a minus next to their earnings those are losses we'll stay on top of the ones

are making. And what we do is we go backwards to past IPOs, what they look like, what their numbers were like. Can't find much right yet. But when we start talking about them, do not miss the show. Again, we are not there yet. That all said, hopefully a better tomorrow. You have a great evening. Drive carefully. When you get home, do like we do, it's, it really is quite simple. make sure you hug your children, hug your family, they will feel better, you will feel better. Hey, this Saturday, I'll be hugging my family big time, wedding of my son. And until tomorrow, same time, we'll be back. Thanks for joining us.

Have a good night. Peace out. Bye, bye, bye. This has been Investor's 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. This message is brought to you by the Capital One Venture X card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect.

Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card, what's in your wallet? Terms apply. Lounge access is subject to change. Capital One.com for details.