Investor's Edge with Gary Kaltbaum - Earnings season [01.23.2024]

Episode Date: January 23, 2024

At CVS, it matters that we're not just in your community, but that we're part of it. It matters that we're here for you when you need us, day or night, and we want everyone to feel welcomed and rewarded. It matters that CVS is here to fill your prescriptions and here to fill your craving for a tasty and, yeah, healthy snack. At CBS, we're proud to serve your community because we believe where you get your medicine matters. So visit us at CVS.com or just come by your food. store. We can't wait to meet you. Store hours vary by location. 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 Coltbaum, your host. A

thanks of being with us today. Glad you're here, ladies and gentlemen. Happy that you are listening. It is January 23rd. It's Tuesday, 2024. Thanks for joining us. First off, thanks for It's Adam Sarhan for handling the show. Yesterday had some things to do. And I'm actually going to miss a couple of days in the next three weeks because I have things to do. And all that fun stuff. Hey, in case you don't know, this is Investor's Edge. It is the most important show on the markets on this earth.

we specifically direct you on what to look at, what is leading, what's lagging, what to avoid, where it's going. And I say that and I mean it. Take any other show you will see on business and on the markets. There is nothing more specific than what we do. and how we do it. And more importantly, when right, let them run. When wrong, be wrong, fast, be wrong, small. And put our butts on the line.

Specifically tell you when we think the market's hitting a low, hitting a high. Where's the leadership? Where's the laggateship? What to avoid, as we said. And the best one we've done in, and we try to be very careful on how do I put it best? What we did on January 5th, in advance of January 8th,

which we had no idea what happened January 8th, just on Nvidia. And we specifically said to you, if it breaks above 506, and we told you institutions would ply in, would pile in, would jump on it. 506 to 599 as I speak in 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11. But that's just one. And on the other side, avoid. What have we been telling you for the last year to avoid? China.

Last few months. Oils. And guess what they've done? So you can take the rest of the shows that booyas and all that. And compare and contrast. There's no more important show than this. And we're hearing it from the many. Big time for the many.

And, you know, we listen back to every show, and we're very careful about what we say and how we convey things. And we are thinking to ourselves, maybe a little bit more on the NVIDIA side when things show up. Remember, NVIDIA was an outlier. It's not very often you get what was arguably the number one tech stock in the market breaking out of a six-month trading range with monstrous earnings and revenue growth.

And of course, then you had others follow. Microsoft on the breakout, Facebook, AMD, Broadcom. And we'll continue to tell you as we move forward. And we will continue to tell you what to avoid as we move forward. We nailed the inflation for you. We nailed the bare market for you. We nailed the bottoms for you. Just in the last three months,

avoid July and end of October. November 1st we said, we think of lows potentially being put in here. And boom, that day was the confirmation day. And then we had a one month low in the broad market. On Thursday last week, we came on here and say, just want to let you know, and the broad market may have woken up.

But leadership remains in the world. technology and guess what that's what's going on i want to do i want to bring up something on technology to give you i'm going to call it kind of sort of warning shot the kind of sort of warning shot all we own right now is technology all we own is technology and we are making some good hey in January, technology stocks as a percentage of market cap in the S&P is breaking records like we have never seen. That's what is known as over-owned, over-loved, over-leveraged, and potentially over-priced. We have mentioned Apple's trading at 30 times earnings when throughout its history, it's traded maybe 15, which means earnings better do better. And I can go through others. We're just

letting you know, we don't think it's today, we don't think it's tomorrow, we're not so short's near. There will be a point in time because technology is so much of, eventually it's going to be less so. Because what you have right now is investors tend to continue to pile in at any price on what is working. And unfortunately, they did that with the game stops and all the crap of the world. Be ready. Just like in 21, in the middle of 21, we came on and started telling you, hey, just letting you know.

I got five names in tech, leadership technology names topped out, breaking down. And then every other day, 10 more, 12 more, 15 more, leading us into November when so many already getting hit. November they took them all down and we nailed that for you also. And this comes from scanning 1500 to 2,000 stocks a night. 200 sectors, every country, every commodity. That's what it comes from. And as I said to you, boy, if I can find five charts a year like NVIDIA, I'd be a happy camper. Not very often. We just had one more and right up front, we missed it. SMCI. Because on earnings it gapped up and gave us a shot, but within three, four minutes, just

ramped like crazy. Broke out at 358. You ready for this? 457 is the close today. Three trading days. Why? Just what we tell you. Monstrous acceleration of earnings and revenue, monstrous beats of earnings and revenue. Now, that was early guidance. They're going to report in Six days, we'll see what happens, and I have not had a shot to get in. The reason why I haven't touched it, trading 30, 40 bucks a day in a spread. Today, hit a low, ready for this?

A 416, close at 458. Yesterday hit a high in the morning. I'm not making this up, but 486. Hit a low of 410, 76 points. Close at 436. I don't know how to play that. There's no pamphlet. Hopefully it gives a secondary pie point.

Now also we're in the midst of earnings season, and that's the other part of the equation of what we do. Every earnings report, we are all over and we're looking for strong earnings and revenue growth and big beats of the expectations and more importantly the reactions. that gap up big or break out big versus the ones that get smoked. For instance, today, you had a couple of things both ways. You had Procter & Gamble up six. For Procter & Gamble, that's a lot.

On the other end of the spectrum today, and by the way, these are the things we look for on a daily basis. You had 3M down 12 in the Dow. Both are in the Dow. Again, this is what we look for. We'll let you know. And then you have some outlier things like a couple Thursdays ago. We said we thought there was a climactic top in the crypto because the ETF was already out and they've been crushed, the micro strategies, the coin bases and the like. So we'll keep doing what we're doing. We hope you keep listening. And we're working harder than ever because we love what we do. For instance, today, there is a chance.

the housing complex may have topped out. D.R. Horton reported earnings. Stock was down 10% today. Almost 10%. Simple D-H-I. And then in relation to that, things like B-L-D-R. Guess what they do? Construction.

Down 6%. MLM. That was down 8 bucks today. Cement. L-I-I was down $12. 12 bucks today. Guess what? Heating, ventilation, air conditioning, and things like that.

So housing related, I'm going to go over it a little bit later. This is what we do. This is how we do it. And we don't mess around. Up next. The markets today. And much more. I'm Gary.

This is the one only Investor's Edge. Hi, I'm Gary Kalpom, hosted a nationally syndicated radio show, Investors Edge. We're not just handsome radio people. We manage investors' money. 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.

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Hi, I'm Dr. Jay 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 stomach ache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just have a stomach

kick 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.com. One sweet, melty bite of a Hershey's bar, and suddenly I'm right back sitting on the front porch with my grandmother on a slow summer afternoon. She doesn't say much, just breaks the bar in half and hands me a piece. I open my mouth to say whatever a nine-year-old wants to say. And she replies with a low, listen.

So we sat there, listening. That was the first time I learned that quiet can feel full. Hershey's. It's your happy place. 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. All right, welcome once again to Investors Edge. In Thy News, well, they're in New Hampshire now. And if Trump has a big night, it's pretty much party. But look, Trump is, looks like he will be the candidate against Joe Biden. I do not take back what I tell, I've been saying.

So both sides dislike me. I feel like it's the Ebola virus versus the bubonic plague. There is nothing I like about Biden, and there's nothing I like about Trump. I know he's had some, he has some good policies. I like the lowering taxes. I like the less regulations. I like the border. Everything else, you can take them or leave them as far as I'm concerned.

He did some things for Israel. And then he says some anti-Semitic crap. Oh, when did he do that? Oh, he did. That doesn't matter. We get what we vote for and we'll have another four years of either Biden or Trump. Unless my prediction becomes true and that Biden is not the one that ends up running. If you notice, you can't even find them.

Have any of you seen him? I haven't. And the only reason why he isn't hated more is because the media protects him and his lies. They used to, all the Trump's lies, they used to write him down, publish him every day. Biden, they let go. My other problem with Trump is I can't stand the people he surrounds himself with. I want to vomit at the Roger Stones of the world, who, by the way, is on the United. who, by the way, is on tape wanting to murder Swalwell and somebody else.

But whoever wins, we will compliment them when they do something good. We will blast them when they do something bad. How we got here with these two, I don't know. Yeah, I do know. Anyway, that'll be that. So I'm pretty sure. I don't think we'll have surprises, but maybe. And then if there's a decent thing for Nikki Haley, she'll stay in.

Well, she'll stay in no matter what. And I'll tell you what else I can't stand about politics. You ready? You're running against Trump. You're scum, you scum, you scum, you scum, you scum, you scum, you scum, you scum, you scum. Then you bow out, oh, Donald, I love you so much. I'm endorsing you so much big time. Yeah, yeah, yeah.

Trump. You're scum, you scum, Scum you scum you some. Oh, you're endorsing me? Oh, come on over. Give me a kiss. And by the way, that's both sides, of course. All right, that's enough for that. Israeli news, Israel proposed a two-month ceasefire to the scumbag, sleaze bag, dirtbag. They're not even human beings. Hamas terrorists. Hope they die in rotten hell. So they won't go for a ceasefire. So I hope Israel goes in there and just. blows the terrorists, the kingdom come. Israel has moved around less soldiers. You're not hearing as much. Do not believe a word out of the Hamas about how many are dead. Just remember, oh yeah, what we do is rape women, and as we're raping them, we shoot them in the head,

and then we videotape it and send it to their relatives. Oh, but by the way, believe us when we tell you how many people are dead here. Anyway, that's what's going on. Before we get in the market news, Reddit, I have never really been on Reddit, but I'm going to have to go on and see what it's about. Reddit is going to do an IPO. They want a valuation of $15 billion. What's the problem? They've never been profitable since it was founded in 2005, $800 million in revenue.

I'm being told, I can be wrong, I'm just telling you what's being told. Do you know what the letters NSFW mean? Not safe for work? Supposedly a lot of the Reddit, there's a lot of subreddit things where there's a lot of, I don't know, porn type stuff in there. Anyway, I'm going to have to check it out. I'll let you know what I think. But they're going to try and go public, of course, just another one that's losing a ton of money, letting you know. Oakland, we've been covering Oakland a lot.

You know what In-N-Out Burger is? It is like a burger institution out west. I know they're coming towards east a little bit, not in Florida. I've only eaten an In-N-Out burger once as I was driving from Vegas one time, and I stopped and it was really, really good. They're leaving Oakland. We're getting the hell out of here. We're profitable, but our employees are sick to their stomachs. They're worried about crime.

We're gone. Just another one. And if you notice, nobody says, anything. Business is leaving downtown. And have you heard any journalists, have you heard one journalist earn their keep and ask Nancy Pelosi, why aren't you doing something about San Fran? Our district?

You know why they don't ask? Because they're a bunch of wimps and they don't want Nancy to be mad at them. Just letting you know. Just letting you know. Harvard, still going on. hostage posters at Harvard the face with anti-Semitism Harvard doing nothing about it

and we're hearing Harvard's trying to do oh we're going to see what's going on on anti-Semitism you know who's heading up the commission an anti-Semite gosh Harvard

in the news 56 million credit card holders and now have been in debt for at least the year that's a record just let you know and you already know about the credit card numbers they have skyrocket market doesn't care uh china had a good day today we've been telling you to avoid china adr's except a couple of names they were up decently today do you know why china's considering tapping almost 300 billion to rescue the stock market i wonder if j powell

called up the people in china and said i can help no not kidding uh fat burger You know, California, they just initiated a $20 an hour fast food wage. Fat burgers an ounce, I guess there's a bunch of fat burgers in California. They're trimming hours, eliminating employee vacations and raising menu prices. Repercussions. The leading economic index declined for the 21st month in a row, the longest downstreet since 0708. Market hasn't given a crap, which is quite amazing. we'll let you know the day the market starts to give a crap no really uh you know how the the

the bitcoin gray scale bitcoin gbtc they were really gung-ho on getting all these etifs of bitcoin investors cashed out 2.8 billion from them to go to other things not smart and i think i'm done that's your absolute unadulterated news of the day i'll save the rest for tomorrow I had a few others. It just comes across my desk. The markets, I got to tell you, there's a simple rule we have. We didn't make it up. The greats made it up, and we just learned from the greats.

One of them is, weak opens, strong closes. That'll be up next. On this, the one only investors adjunct. Hi, I'm Dr. Jake Goodman, host of Beyond the Script. 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 stomach ache every time that I eat and it just becomes like a lifestyle where, oh, yeah, you know, I just have a stomach kick 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 IHeartRadio. 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.edu. One sweet, melty bite of a Hershey's bar, and suddenly I'm right back sitting on the front porch with my grandmother on a slow summer afternoon. She doesn't say much,

just breaks the bar in half and hands me a piece. I open my mouth to say whatever a nine-year-old wants to say. And she replies with a low, listen. So we sat there, listening. That was the first time I learned that quiet, feel full. Hershey's.

It's your happy place. 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. All right. All right. First off, what we're going to be watching for tomorrow, Netflix reported after the close. Now let me explain Netflix. Hit 485 in July. Hit 483 in November.

Hit 501 in December. Just hit about 502 two weeks ago. Has tightened up over the last few weeks. You know what that means? Not trading all over the map. the what we call some sort of a breakout is around that 501 502 area the even though the high was 503.41 on January 11th it finished like at 490 something so we'll call it 501 502 in the aftermarket right now with the stock closing at 492 it's trading at $529 they actually missed estimates but they say they're going to beat estimates

limits for this quarter that they're in. So that'll be, if nothing changes, a really kind of sort of nice gap breakout tomorrow. If nothing changes, you're going to have a conference call and everything. This is the type of market that you like seeing those things. Most people would hesitate to buy on the gap. What we will be doing in the morning is seeing where it opens, because it can change. We'll go through the numbers tonight, and we'll see how it trades in the first part of the market. It's not going to be like super micro SMCI because that's really high beta all over the map type of thing. And Netflix is much bigger, but definitely this becomes a candidate in the morning. On the other end of the spectrum, one of the weaker semiconductors, Texas instruments, closed at 174 and change.

I got it at 165 in change in the aftermarket on that as we head into big time earning season. Oh, intuitive surgical reported, let's see what that's got going. Flat in the aftermarket, that's not normal for that stock. Usually it's up or down bit. And some late breaking news. news right around 4 o'clock. And it's kind of stunning. The CEO of Alaska Air says the company has found many loose bolts in the Boeing 737 Max Nines. Holy crap. I could say that right, one more time.

Holy crap, Boeing had better get their act together. I'm just going to suggest they have dodged a gargantuan bullet. In 18 and 19, they had two crashes. I believe it was Indonesia and Ethiopia, where I think of total, it was somewhere in the three, between three and 400 people perished. And I know they mean well, but have they not learned the lessons? A door just blew off a jet. Luckily, it's 16,000 feet.

If that blew up, if that blew off the jet at 30, holy crap. They're also lucky nobody was in that seat next to it. One kid had his shirt torn off. And now the Alaska Air CEO says they're finding many loose bolts. I got Newsfea. As an invest, I don't give a crap what boat. I won't invest in that sucker.

I don't care what the stock does. Number one job of Boeing, airlines, safety. Number two jobs, safety. Number three, safety. Top ten job is that safety. Loose bolts. And then who's doing the inspections? That's got to be on the airlines too, right?

All right. We move on. But man, oh man, I fly. going's like that's what that's all I fly when I fly up to New York back to Florida I'm on the 737 I'm not the maxes though I guess I think okay Dow down 96 today but pay no attention unless you have some bad Dow stocks today and again Goldman Sachs bad action Goldman Sachs has been trying to break out and failing bad day for the housing related stuff Home Depot was down six I mentioned 3M bad stock gets

Worst down 12. But on the good side, Procter and gamble up nicely. But S&P up 14, what, with the Dow down 96? Why? Broadcom up six. Microsoft up two and a half. Facebook up three and a half. NVIDI up two.

Apple up one. Apple. Another addition today to some analyst thing, Bob. They went from ugly to, from Beast to Beauty in about three weeks. Why? because the stock's going up again. And I'm just wondering, is Apple going to gap up too on earnings in the next couple of weeks?

That's going to be interesting to see. And I looked at what the estimates on Apple were. Earnings are growing again, not necessarily sales, but earnings are growing again. But anyway, another good day. We had another good day today, but they were all down early. And that's what we really love seeing. Broadcom, for instance,

at a low today, hit 1203, closed at 1226. Just what you want to see, only up six. But as we said, as we went to break, by the way, we never really go to break because we don't go anywhere. We're here. We love when strong stocks open down and finish up. It gets rid of sellers.

We love that. We'll take that every day of the week. And they did it with everything today. Nvidia hit a load today of 585, closed at 598. It was down 11 bucks finished up too. Again, we'll take all of that they want to give us. It's one of the rules. Take that back.

One of the characteristics of bullish phases. And as we have said to you, what's a characteristic of the bare phase? Open hot, sell it off. That's distribution. That's institutional selling. So another good finish NASDAQ up 65, NASDAQ 100 up 73.

Yay! And that freaking SMCI up another 21 today. And I don't own it. And believe it or not, I haven't even contemplated. It's just so extended near term. There's nothing to...

For me, I got to stay disciplined. Housing. We sold our housing for the second time. I think around 102. It's 99. We bought it back perfectly in June, sold it perfectly in August, bought it perfectly again in November and just sold it again. And it was down five today.

I'm wondering if housing and housing related is getting in trouble. Remember, reaction to earnings or everything, D.R. Horton was down 14.5 today, 9.5% to 143. I believe Lenar reports, no, they already reported. Somebody else reports this week, I think. And then as we stated, other areas housing-related got hit. So I got to do a deep dive onto that tonight. I can't say a major top is in just yet, but we'll call it not a good day. And we lucked out getting out of it.

By the way, it was the ITB. It's just the exchange traded fund for that. Getting back to China. Oh, by the way, gold miners also, that's an avoid, though near term low probably put in today. When we say a void, they're just not an uptrends. The China stocks. So I said earlier, they have been mush, they have been mashed. I don't know if you know this, but the FXI.

It's an exchange traded fund. It's trading where traded in 2005. That's how weak it is. We're going to stay on top of it. Do you know why? It's that bad. And China's problems. They have property problems, whatever.

And I don't like the fact that it rallied 4% today because China government's going to step up who's done everything wrong. But we'll watch it. There are few names that stick out that are very strong versus Bidu and Alibaba have been absolutely destroyed. They were up today, 5%. Not sure that does the trick, but we'll let you know. Always looking for changes. Up next, more of this, that and the other thing or whatever else. I'm Gary.

This is the one only investor's 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. 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 IHeartRadio. 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. One sweet, melty bite of a Hershey's bar, and suddenly I'm right back sitting on the front porch with my grandmother on a slow summer afternoon. She doesn't say much, just breaks the bar in half and hands me a piece. I opened my mouth to say whatever a nine-year-old wants to say.

And she replies with a low, listen. So we sat there, listening. That was the first time I learned that quiet can feel full. Hershey's, it's your happy place. You're listening to. What are we waiting for? Well, what are you waiting for?

One, two, ready, go. Action! In the Gester's Edge. With Gary Culpa. Welcome once again to Investors Edge. You know, I read cover to cover the Wall Street Journal. Yes, the New York Times. I don't read every article, but I go through every article.

And sometimes it's just the first paragraph because what do I need to hear about Travis Kelsey and Taylor Swift? But it's amazing some of the things you read on a daily basis. You know this Bob Menendez? this stupid politician. He's now whining, complaining that, yeah, I know you found gold bars in my house and a bunch of, you know, other evidence that says I'm a freaking sleaze bag

and a crook, but you should drop the evidence because you shouldn't have been there in the first place. I just love people. You know, he had a bad thing happened years ago, and they still elect them. I don't understand. I don't get it.

I really don't get it. so much sleaze in D.C. I don't even know where to go on a daily basis. What else? I'd still avoid oils. Most all. I've been mentioning the pipelines and things like that that look okay. But I'm a big believer. Why am I going to buy pipelines in oil if oil is in a bare market and leave no doubt? We've kept you out of them. They're just in plain old bad shape. And then the good news is, remember, we're looking for uptrends versus downtrends, and we can tell about a market by how many and where. And last Thursday, the broad market wake up a little bit, but I don't know if we're off to the races. The good news is there's

some names and some areas that are off to the races recently, namely the tech, AI, software areas of the market that will probably have to settle down real soon. Once something gets a little extended to the upside, but right now couldn't care less, I think every stock we own right now is extended, and they hardly even pull back, which is good news. We love stocks that go up, make a right turn, not even pull back. earnings. Let us not forget. Just this week, and I just mentioned Netflix and Texas Instruments, tomorrow will be SAP, defense, general dynamics, big semiconductor ASML holdings, big managed care elephants, IBM and the Dow, Lamb Research, very important semi, CSX, the rail, Ameriprise,

important financial, service now important software. United Rentals, one of my top, most important names I follow in economic sensitives. Tesla, and get this, earning estimates, earnings estimate for Tesla, 73 for the quarter cents versus a dollar 19 a year before. And by the way, Tesla stock is very, very weak. Las Vegas Sands and Casinos, Raymond James. Blackstone, Alaska Air and American Airlines, Dow Chemical, Sherwin Williams, I hear they got nice paint, Union Pacific, another rail, Intel in the Dow, Visa in the Dow, American Express in the Dow, you should see my American Express bill. Western Digital, KLA 10 Corps and the Semiconductors, Capital One Financial Discovery just got smoked on their earnings reports, so it'll be interesting to see what Capital One does. Northfolk, Southern, another big rail, and Caterpillar, which is my number one economic stock to watch.

That's just this week. And then, holy hell next week, when we get the Apple's, Amazon, Google's, Microsoft, which is like 90% of the market. Okay, that was sarcasm. But you get my point. You know, they've been talking magnificent seven this, magnificent seven that. It's not the magnificent seven right now, I can promise you that. But if Apple gets going again, and I got to tell you, that Apple looked like it was having problems, and it's just straight up for four days.

Just so you know in the last four days, while the stock got kicked in the teeth from 200 down to 180, three analyst comments, all everything's great. Do you wonder sometimes whether this is rigged or not? Stock's getting trashed and three analysts come out. No, no, no, no, it's all good. I hope they're right. I trust none. Just remember analysts, one of the greatest industries of conflict of interest I have ever seen.

One of the greatest industries of conflict of interest I've ever seen. number one being our politicians, analysts probably in the top 10. We hardly pay attention. Unfortunately, we have to pay attention to reactions because they still move things. And do you know how you know you're in a bullish phase? When a stock goes up on an analyst downgrade, you know how you know when you're in a bearish phase? When you get an upgrade after upgrade and the stock keeps going down. The little things that we watch.

Interesting enough also, hmm, 10-year yield is up to 4.142. So the market really hasn't gagged on that. Interesting, because I've been telling you forever, as yields go up, markets go down. As yields go down, markets go up. Big correlation, until the correlation decides to change. I can tell you for a couple of weeks now, in spite of markets in decent stead here. Now, the declining 50-day move and average on the 10-year yield, you're right at it.

It would be interesting to see what happens if we break through and start heading towards four and a half. Why? The higher it goes, the lesser chance the Fed is going to lower rates. We'll see how that goes. Anyway, tomorrow I'll be on with Charles Payne. 2 p.m. hour, Fox Business Network. Don't miss that. Same time tomorrow of the show. You have a great evening drive carefully. When you get home, do like we do, quite simple. Make sure you hug your

family. Make sure you hug your children. They will feel better. You will feel better. I promise, as always, thanks for joining us. Hopefully better days ahead. I know we're not going to get better days out of D.C. hopefully from us. Take care all. Thanks again. Bye, bye. 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 GaryKK.com. That's GaryK.com. Guys, it's no use putting it off. The best time for an underwear refresh is now.

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