Investor's Edge with Gary Kaltbaum - Big Bag of Slop

Episode Date: May 24, 2022

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Terms apply. Lounge access is subject to change. See Capital One.com for detail. Investors 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 Kalbaum, your host day.

Thanks of being with us today. Glad you're here, ladies and gentlemen, happy that you are listening. It's Tuesday. It's May 24th. It's 2022. Hope you're having a good day. This is a show about you and everything that affects you. No, really.

Everything that affects you. the economy jobs them the markets employment business inflation deflation deflation and it's serious talk with a little comedy injected but of course in recent months a lot more serious and if you do not get this radio show in your city we will post it at garyk We will also post it on our Twitter feed. If you don't follow me on Twitter, go to Twitter, put my name in, or press the Twitter button at garyk.com. You can email me and just be nice.

All you got to do is be nice. Shouldn't be hard, right? And whatever else. Oh, and we'll also post it on Twitter feed that goes to podcast apps. So we're on all these podcast apps and all that stuff. So we talk a lot about the government, how they've interfered. We talk a lot about this central bank that has played God and really screwed everything up. I want to talk about issues that could affect stock prices.

Because in the recent past, just recently, Target, which closed on 5.6. 17 at 215, the next day closed at 161. This is Target and is currently trading at 151 as I write this. They only do 105 billion in revenues. Walmart closed May 16th at 14821. The next day it closed at 131.35. The next day it closed at 122. 43 that was target day they only do 600 billion in revenues raw stores and they're small only 20 billion in revenues

but closed on May 19th at 9270 the next day it closed at 71 87 deer now talk about wild swings to make sure I get this right dear on earnings closed one day at 364. $364. The next day it closed at $313. These are on earnings. Now, Deer has

bounced up a couple days with the better Dow since Friday. And now we have something called Snap Inc. Which is Snapchat. The stock hit an all-time high of $83 and $34

on September 24th. As I speak, it's $12.80. Down $9.66 today. That's 43% drop today on eight times average volume and is now 84.7% off its highs on earnings. Now, I heard somebody today on TV say, asked Snapchat. Oh, it's small. And I'm thinking to myself, what kind of weed is that guy smoking? It was a man. Won't say who. Really? So Snap doesn't matter. A popular stock in the bull market that is now down 83% doesn't matter. let me state for the record my thoughts everything matters every freaking thing matters and because of

snap facebook's down 15 bucks today google's down 110 amazon's down 65 there's a few other things either they're in the little bit of what they do in the business advertising based whatever it may be but when we talk to you on this show it is the weight of the evidence and Snapchat Target Walmart deer raw stores I can certainly do others but we're not even an earnings season. It matters. And here's another part that I'm thinking about right now that you may want to just remember right now. Snap. Again, it's only one company. But they warned on their earnings for this quarter that does not end until the end of June. It's not even the end of May. Their reporting of these earnings was supposed to be at around July 22nd, two months away from

today. We actually like them doing that. We don't like companies coming out with crappy numbers knowing they sat on it for a month and people are trading the stock and then get crushed. And we're thinking to ourselves, hmm, do we maybe think, Maybe. There are others that will not wait that are going to warn. It used to be all companies would warn two weeks, three weeks, four weeks a month in advance. It used to be that way. So we're just giving you a heads up. I just have a sneaking suspicion. Just knowing life in general, we may get a few more before earnings. tweet out. I don't even know who it is and I must tell you I'm going to read it to you but I'm going to say to you I take it with a grain of salt because I don't know but I do know there are issues there like this I'm going to read this a friend of mine works at an Amazon distribution center the volume is down from 75,000 packages a shift to 50,000

or less. A hiring freeze began last week. Managers are walking around mid-shift offering optional vacation time, basically sending you home. A lot of employees standing around. Now, I don't know about you, but Amazon only does $470 billion in revenues per year. And of course, the stock has been kicked in the teeth.

And what does Amazon do? They deliver a lot of crap. And that is, I don't mean crap. Let me take that back. They deliver a lot of stuff. What does it mean if a lot less stuff is being delivered? It means a lot less stuff is being sold. It means a lot less companies are selling.

It means a lot less companies are making the money they were making. It means a lot more companies profits are down. Did I do that backwards? Yeah, I am okay. If a lot more companies profits are down and they are public companies, that means potentially their stocks are going down. Oh, and by the way, we have other, evidence. Remember, way to the evidence. Target, Walmart. They only do 700 billion in sales together.

All the retail stocks, for lack of a better word, are being destroyed. Do you know that I think it was on March 30th, Lulu Lemon announced great numbers. The stock closed the day before at 3.43. The next day it closed at 376. It's gone from $376 to $257 on their strong earnings. Lulu Lemon. What is the market telegraphing? You catch in my drift? We always try to put the pieces of the puzzle together. Up next, we may have some more pieces of the puzzle.

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,

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Investment advisory services offered through call-bomb 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. This episode is brought to you by Spreker.

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. 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. So let's try to do some other pieces of the puzzle. Again, just pieces of the puzzle. Signette Jewelers symbol SIG has gone from 112 to 50. Sales are up 29% year over year. were the airlines recently told us things were so much better and travel was so much better remember that american airlines in the last four weeks has gone from 21 to half to 15 to half

delton that same time's 46 to 37 uh jet blue 14 down to 9 dollars and 80 cents they have another issue they're trying to buy spirit airlines nobody believes the spirit airlines buy out it's gone from 28 down to 18. Airlines. Who said good things. UAL. 53 down to 41. Cruise lines.

I heard the cruise ships are booking so much better. I heard that. Royal Caribbean. Not making this up. What dates today? May 24th. On April 21st, there was 80, $87.68. It has gone from $87.68 to $49.67 today in a little over a month, down 10% today. New Yearly low. Carnival cruise lines. New yearly low in that same time it has gone. Get this. $20.63. Down to $11.76.

cents. Norwegian cruise lines. $23.11. The $13.29. Both of those, new yearly lows. New yearly lows. These are companies that have been saying better things. Caesars, casinos. Well, let's just say it's gone from 120 down to 43 since September. Las Vegas Sands, 40, well, that's just so way down. It's not even funny. I don't even know where to start on that. MGM, New Yearly Lows. It's gone from 45 to 31 in four weeks. Winds Resorts.

Forget it, just way, way down. Do you remember when I said to you back in April? Man, a couple of hotel stocks are at New Yearly highs, and I get it. They're insane. They're charging ridiculous amounts. money and obviously people are want out of COVID and they're traveling since the end we told you we're not buying them even though they were breaking out of range do you know since April 21st that same day Hilton has gone from 168 to 128 up Marriott 195 to 152 both trading below now long-term moving averages

They were at highs a little over a month ago. You got me? Weight of the evidence. I keep hearing people recession, no recession, maybe, maybe not. Who knows, could be, possibly, whatever. I think they're all smoking something. Remember we told you we were worried about housing? Do you remember that?

Why would we be worried about housing? Oh, the weight of the evidence. Oh, that's right. the weight of the evidence. And do you know what came out today? Let me just read this to you. New home sales that were expected to be

750,000 new home sales came in at 591,000. Most of the housing stocks new yearly lows. And by the way, interest rates, the 10 year has down from 3.1 to 2.76, housing stocks are at still new yearly lows. Just weight of the evidence. We had a day today where, how do I describe it, it was risk off, even though I'm going to report

to you at the close, the Dow is up 50, and all in the last few minutes. As we always tell you, I have no idea what tomorrow brings. That's the trees. I don't know what the market does tomorrow. It's guessed the gap every night. Are we going to gap up or gap down? Every night. I don't know. What I can tell you is, very simply, the overall weight of the evidence, south end of a northbound jackass. Simple as that.

As I look at the new yearly high list, there are hardly any. A couple of oils, a couple of shippers. New yearly lows, while the indices are not below the lows of last week, picked up to 722 today on the New York and NASDAQ. We don't even count the American. Just way to the evidence. And we bring this up because there's so much bullcrap being said out there, not just by people in the industry,

but these central banks are just freaking insane. They're lunatics. And I say that with no joy. They're lunatics. They're egomaniacal lunatics. You know how they say the sanest people in the world? room? Well, they're treated as the sanest people in the room. They are the exact opposite. And now their ego is getting in the way of being wrong 100% of the time and creating these

gargantuan massive bubbles that have all popped, that have destroyed people and their wealth, not knowing, well, they take the blame. Anybody who decided to buy GameStop, after it was up 15-fold. You know, we have sympathy for the losses, but we won't have sympathy for them if they repeat it again. So we're just trying to wait of the evidence you because, again, Wall Street ain't helping you.

And these central bankers do not shut the hell up because their ego has got to get them out front to protect them and make them Teflon for the horror that they have done to the markets, the economy, inflation, and they are now in prayer mode, nothing more. Up next, today's market wrap. Much more. I'm Gary.

This is the one only investor's 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 Capital One.com for details. This episode is brought to you by Spreaker. The platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confuse. used 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 Sprinker distributes it everywhere people listen. Apple Podcasts, Spotify, and about a dozen apps your cousin's 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 Colbomb.

It comes highly recommended. You're going to feel better if you talk to him. And well, once again, to Investors Edge. All right, the market wrap is brought to you by Investment DashModels.com. Jim Rohrabak, one of the great market timers. No gray areas with the man you're either in or out of the market with his proprietary indicators. Go check it out.

Investment dash models.com. Dow up 48. Pay no attention. Why? The S&P was down the equivalent of about 270 Dow points. That's the S&P, not NASDAQ. You ready for the NASDAQ? Was down the equivalent with the Dow up 48.

The NASDAQ was down 600. 750 Dow points and was much worse and may I state for the record they were jerking things around again in the final hour I can tell you that the Dow was down 200 back to flat

back down 200 up 130 back to flat and in the last like minute rallied up 48 points but it did not change the risk appetites what do we mean The Dow McDonald's was up six and change.

While all the other restaurant stocks continue to get slammed, why would that be? Because McDonald's is in the Dow, it's more liquid, kind of more dependable. So while Shake, Shack, and these others are New Yearly lows, McDonald's is still way off the highs, but much better than most. United Health was up five today. Even IBM was up two. You had a little bit of that.

but it did not change Google down 110 Amazon down 67 and that's off the lows by the way Nvidia 8 Netflix 8 Tesla 46 Adobe 8 AMD 3 in change

Apple was down I think 5 finish down 2 and a half the semiconductor's down 71 as I look towards my left you know my screen that I call the high beta growth screen that has been destroyed. Most of those names were New Yearly highs

six to 12 months ago that are now down 30, 40, 50, 60, 70, 80 percent. Chipotle down 23, build.com down 10, Dexcom down 35, HubSpot down 29. Mercado Libre down 74. Service now down 10. Roku down 12. Remember, everybody love Roku at the highs. Shopify down 43, team down 13. Splunk down 9. Squam. I'm still calling it square, down seven. I do have to mention Beyond Meat, though.

We're still down a buck 73. Even though, get this, Kim Kardashian is now going to be the spokesperson of taste for Beyond Meat. That is not a rib on Kim Kardashian. Because you know what? I respect the hell out of her. She worked to get people out of jail that may or should not be in there. She's made a bazillion dollars.

as an unbelievable marketer. They've created a brand, who is the other one? The one with the cosmetics? Wow. Killer stuff. I'm jealous. What else do I got for you?

Just a lot of five, six, sevens, eight, nine, tens. Oh, MDB down 20, Intuit, Down 12. But I know Inuit, after being down 12 today, in the aftermarket's down, it's up 14.

So it's up two on their earnings. Synopsis 11, trade desk 10. Workday, 7, Twilio. I can go on and on. They crushed them. In the Chinese ADRs, Baidu, 8, Ali Baba, 5, 4s, 3s, the solars were smacked.

I can go on and on. You want more in the beta land? Burlington retail, down 10. Dillard's 13, Decker's 7. Restoration hardware, 10. I already mentioned Lulu Lemon to you, down 15 today. Abercrombian Fish. Are you ready for this?

Well, people are saying, everything's fine. There's no recession. Down 29% today on their big loss. Stock was $38. Five weeks ago. It's 19 today. Last I looked, that's down 50% from five weeks ago.

How's that retail stuff going? I already mentioned the housing to you. I mentioned the airlines, cruise lines, casinos, hotels. Oh, how about Expedia? You know what that is? It was 217 on a big breakout in February. It's 116 today. Almost cut in half.

SeaWorld's, very underrated theme park. It was 76 bucks four weeks ago. It's 48 today. And that 76 was a new yearly high. I can continue. But you catch in the drift. We're hearing people saying things like, what?

Everything's okay? I have news for each and every one of you. You see all these stocks I'm reporting to you? They don't do that if everything's okay. So let me switch to the central bank, DOLTS. Look up the word DOLT if you don't know it. I didn't know what it meant until somebody said it to me, and I said, what does that mean?

It just sounded so good to describe these people. They're adults. They're also charlatans. A charlatan is somebody that pretends to be something they are not. They pretend to know what the hell they're doing. don't have a clue. They are out in droves. You know what they're starting to do again?

What do we tell you the central bank has done since forever? What do we tell you? They try to defend the markets. Well, they box themselves in like mixed nuts over the last bunch of months to where they could not ease when the market dropped. They used to lower rates, print more money, but they can't do it anymore because the inflation they created were the big part of it. They were the ground zero of it, even though for some reason they are.

are teflon-ish. That's a word, right? No, it isn't. But Teflon-like, they have to keep tightening. Guess what they started to do in the last two days? You got one guy out of Atlanta, his name's Bostic. Why would he say, we think there's a chance we can stop raising rates in September? Why would he do that? Why would they send another guy out to say, we think by the end of 23, we can start lowering rates again? Why would they do that? Because these ass clowns are trying to rig the markets again. That's why. All they have done is destroy freed markets.

Distort price and yield. Create massive bubbles that have been destroyed. They have popped like I've never seen. Screwed Aunt Mary and Uncle Bob with their savings with 0% interest rates. When inflation, they cause the inflation, when it starts to, the hit, they said it wasn't there. When it got worse, they said it was transitory. When it got worse than that, they said, uh-oh, we'll be on it. And guess what they have done since? Nothing. What do you mean they've done nothing, Gary? Well, inflation is anywhere between 7 and 10%.

There are under 1% yield on their Fed funds. While the 10 year is a 2.76, meaning these adults are not even on the playing field of the markets. Yet there's such egomaniacs. They think that again, whatever they can say will move markets. That's why they did that today. They're trying to telegraph to the markets. Oh, we're going to be easy again. You know what the problem is, though? They better be careful because I got news for you. Inflation will trump them. No pun intended. I hate using that word. I can't stand that guy. What if? They ease and the market still croaks. Remember, the market all used to do was like a little puppy on a leash.

Fed says ease, lower rate, market went up, print more money, market went up. When it stopped going up and started coming down, they just did more and did more. And as we said to you, all they would do is take out another credit card with a higher credit limit to pay for the last credit card that they came out with. a horror show and now they don't shut up every minute of every day I think there's 200 quotes in the last three days a lot of confliction in those quotes

and now they're starting up you know kind of like maybe we can do this but you know what the Fed is now you know what the market is to the Fed right now the market is every ex-boyfriend and every ex-girlfriend anybody's ever had what happens when they fall out of love with you or fall out of like with you

they don't want to hear from you anymore They don't react to you anymore. And guess what I think is going on with the market right now? It is every ex-boyfriend and every ex-girlfriend. They used to love you, please you, squeeze you, be your best buddy. And listen to you every word. Well, maybe. Just like the markets did with the Fed ain't happening anymore.

The intangible and not so intangible of their credibility shot to hell. Why would any smart big money player believe in a word they say? Maybe we're at that point. Up next, more on these markets. Thanks for being here. I'm Gary. This is the one only investor's 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. nation. 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, Sprinker makes the whole process simple. You record your show, upload it once, and Sprinker distributes it everywhere people listen, Apple Podcasts, Spotify, and about a dozen apps your cousin's swears are the next big thing.

Even better, Sprinker 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.

You're listening to What are we waiting for? Well, what are you waiting for? One, two, ready, go. Investers Edge with Gary Culpa. Welcome once again to Investor's Edge. So, in case you don't know, we pre-tape this show in the 4 o'clock hour. After the market closed, we can give you all the info.

We radio stations pick it up 6 p.m. hour and any hour, whatever station we are on, they decide to put it on. And in between today, we stopped taping after three segments. So I would go on Neil Cavuto show on Fox News and talk about, you know, what's going on with everything we talk about here. And it's been reported that at an elementary school in Texas, 14 children were killed. one teacher killed the murderer dead also don't know how but

you know we end this show when you get home make sure you hug your children and I just married off my son Aaron at the age of he's 30 years old and these parents

have lost their children we started saying go home and hug your children the day of the Columbine incident. And man, that was a long time ago. I'm looking at April 20th, 1999. That day, I was in tears. And at the end of the show, I just make sure go home and hug your children. and I started saying it for a week or two weeks, and it just never stopped. I actually get more people coming up to me about the radio show and saying,

thank you for what you're saying at the end of your show. I get more people saying that than, hey, nice call, hey, crappy call. Anyway, I think in Columbine, 12 students were murdered, and I don't remember Parkland shooting. I think more than that, 17 people and injuring 17 others. There's 14 far, as we know it. I'm almost out of words at this point. As you know, we have certain priorities. that actually we picked up over a lifetime and certainly picked up the day my first son was born,

and that is their happiness and their safety. There was one time where my son was bullied by two kids in elementary school, where one of you know they kneel behind you and another one pushes you over them. Well, it broke my son's arm. And I met with the principal and he was kind of nonchalant and I told him to go F himself

to the principal. And I took my son out and reported the principal to the school district. Nothing came of it. and I took my kid and I put them in private school where we didn't have to deal with that we sit here and we talk about money and markets

and the economy and interest rates and central banks and the miseries running the country and this that and the other thing and then this happens and it gets us to what really matters what really matters when all is said and done our children's health

their safety their happiness I wanted to say that at the end of my speech at the wedding but after seven shots at tequila two fruity drinks and two drinks people came up to me and said here just drink this I didn't remember to do that but that's all we really ask

and all we really want and I think they're saying it's some 18-year-old is the culprit. We also had this other prick in New York City that, again, they're insane over there. This guy, 20 arrests, he was out on two arrests. He was walking back and forth, pulls out a gun, and just randomly shoot somebody dead. And of course, the usual people will be talking about, got to do something about the guns. and oh I always you know me I'm Mr. Logic we got to do something about the criminals

there are people out there with 70 arrests that are just let out on 71 this guy had 20 arrests now 21 somebody's dead and for these legislators I guess until it affects them personally until these judges who's that moron

mayor in Portland, Oregon, that moron. And the district attorney, moron there. Incentivizing criminals. Disincentivizing average citizens. That's the crap that has to change. If crime does pay, we're screwed. 20 arrests on 21, somebody's dead. Sorry to harsh your buzz. We'll be watching all this tonight. Our prayers to all. You have a great evening, drive carefully. And when you get home, do like we do.

Make sure you tell your kids you love them. Make sure you hug your kids. Hug your family. They will feel better and I promise you you will feel better. Until the same time tomorrow, have a great night. I'll be on with Charles Payne too. p.m. Tomorrow Fox Business Network. 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 GaryKK.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.

See Capital One.com for details.