Investor's Edge with Gary Kaltbaum - En Fuego [04.22.2026]

Episode Date: April 22, 2026

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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. Thanks for being with us today. Glad you here, ladies and gentlemen, happy that you are listening. It is 22nd, April, 2006.

Hope you're having a good day. As always, we have a heck of a lot to talk about, heck of a lot to whine about, heck of a lot to complain about. but we'll do markets, the economy, your job, your industry, socialism, from the Republicans, the semiconductors, a big move in the semiconductors still, Avis Rentacar. Wait till you hear about that today, and much more. And if you do not have this radio show in your city, we'll post it at garyk.com. We'll also post on our X feed if you don't follow us on X, you should.

if you'd like to email us, you just got to be nice. Just be nice. We'll be nice back. You got that? We'll be nice back. Anyway, let's start with something with something we're not in, not involved with, at all. Do you know the Dow transports went down 2,010 points today? But the Dow is up 340.

How the hell is that possible? Well, we told you one stock. We've been telling you about this short squeeze in Symbol Car. That's Avis Budget Group. The reason why you get a short squeeze is because when I look and see that there's 11 days of short to cover, meaning you take the average daily volume times 11 days and you get how big a short there is. And when there's more stock short than actually in the float, you get short squeezes. So the stock for no reason went from 100 to a high today of 850 in, I don't know, a month, 20 days of trading.

and in case you don't know, it hit $847 and $70 today. It closed, and I'm going to give you an aftermarket number, at $426. It hit $847. You know, you try to think to yourself, are we really in a real market? 847 to 426, almost a 50% drop from the highs today. By the way, the high of it was right at the open. And in case you don't know, because of the jump up, the transports had gone from 2000 up to 2400.

Excuse me, 20,000 to 24,000, 4,000 points. So what should this tell you? What should the people who run the transport index do? Kick the stock out of the index. It's skewing it too much. The ETFs never moved. There's an IYT for the transports that never broke out at $83 because of how it's measured in there. That's what they need to do.

I don't know if they're going to do it. They got to take the stock out of that. That's number one. Next, I said the Dow was up 340. The S&P was up 73. The bigger story is the NASDAQ 397, NASDAQ 1057. The SOX was up 262. And I will tell you this since the lows.

do you remember the date it was March 30th? I came on this show and said to you, boy, the semiconductors are really worsening. We called the top in them in late February of unknown price and time. And then on March 29th, it broke below some very, important support and then March 30th had a horrible day finishing at the lows of the day and we're on this show saying man oh man what is going on with the semis the next day they gapped up and we have not had a down day since we've gone from 7,084 to 99009 what is that 40%

in 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 16 trading days. And as we told you, we bought it right off of the confirmation day on the 8th. And then we sold too early. We're up another 7% in 5 days. And that's the ETF. That's just the exchange traded fund. So let me just state for the record. Dang.

Wow. That's all I can say. Dang wow. Is that okay? Dang wow? Dang wow. The NASDAQ. NASDAQ 100.

Dang wow. Two rest days from the lows. Straight up. And we've been saying there's something going on very special right now. when it comes to these areas of the market. We know some of these stocks have massive earnings growth because of artificial intelligence and the like. But this is, and I'm not saying this is in a bad way.

The last three weeks, kind of 1999-ish, persistent. I can't say now. though I went through a whole host of areas that are in bad shape we're just letting you know technology semiconductors we're repeating ourselves by the way memory data disdrives data storage energy and construction for that and Fuego if you don't like individual stuff the NASDAQ 100 is now in new highs again because some of the mega caps are acting like small caps. I've seen names like Broadcom go from six, eight-month lows to yearly highs in 15 trading days.

And by the way, there's obviously a good reason. And we'll see what happens during earnings reports. You had some other names breaking out to high. highs today. We now have reports after the close that are reacting. Lamb Research closed a 265. I got it at 275

on earnings. I believe KLAC reports tomorrow. And as earnings come out, we'll report them to you and we'll see how it goes. Though IBM is down 15 bucks in the aftermarket,

that's been a weak name. Oh, and Tesla's up. Yay. $16, Tesla. I gather they didn't announce anything good, but you get into this moment the market. We'll see. I got not much bad to say,

except we told you and warned you about defense stocks to avoid them. They're getting killed. The defense stocks are getting blown up. No pun intended. I can tell you that pharmaceuticals acting terribly, auto dealers, a lot of the retail remain in bad shape. We told you about Avis Rentercar today. A lot of the health care remain in bad shape.

So there's still areas. I have to tell you, airlines got hit hard today, so did cruise lines. Hotels came in. And by the way, oil prices were up again today. We have no freaking clue what's happening. in the Middle East. The president, I believe, has lost the message, even though he keeps saying we won.

I don't think he has any control of what's going on anymore. And lucky to have our military. Up next, what else is going on in the market? We'll have it all. This is the one to 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 you're Your current approach to investing is not getting you to where you would like to be, call us to make an appointment for a complimentary portfolio review. The number to call is 888-4-22-55-9.

That's 8-58-5-59. That's 888-4-2-2-5-59. Investment Advisory Services offered through call-bomb capital management. It's time to switch on the integrator units and get the brain cells working. to hey this promises to be fun investors edge the last bastion of quality programming with gary called bomb it doesn't get better than this okay hello aftermarket lamb research beats by 11 cents guides above lamb research is up 11 bucks to 276 that is not going to hurt the semiconductors tomorrow Tesla reports beats by a little bit.

By the way, let's see if I can figure Tesla, $0.41 cents a share. Tesla, $0.41 a share versus $27. So earnings were up, revenues are up about 14%. But the announcement of, we got robots coming out. They said something about robots. that's Optimus and something about a cyber cab. So Tesla's up decently in the aftermarket. We'll throw that one to you.

IBM reported, whatever it is, they're down $17 bucks in the aftermarket. And market, no likeo, that can't help you with that one. Las Vegas Sands, the casinos is up a buck. What be freaking due? How about CSX? The Rails is up. Two bucks in the aftermarket. We'll give it that.

And that, oh, Texas Instruments. I got to get that one in. Oh, up 19 bucks, Texas Instruments. That'll be an interesting one tomorrow because that has been a, so two semiconductors are going to be up if nothing changes tomorrow. and I noticed KLAC in the aftermarket. It's only about 13 bucks. And AMAT's up.

They're always going to be up in sympathy. But again, the big story today, the semiconductors, the Q's, these S&P, in the Dow today, it was, I have to tell you, well, Boeing was up 12. I got to give it that.

But it's a lot of technology, semiconductors and a rhyme and a reason right now. If anything changes, we'll let you know. I just have to say it really is a big wow. We never overestimate or underestimate, but in our trading we underestimate it. As we said, we don't pull any punches here. Sold our semis too quickly.

The good news is that we jumped all over the QQQ. Oh, service now. down 14 bucks in the aftermarket, a software stock. Semis good, software not so good. Big indices, new closing highs. Closing highs usually beget more closing highs. You need to know that. I've been asked incessantly, Gary, before the war, the market was doing nothing.

The mega caps were doing nothing. They were dead. What do you think is going on? I've been answering the same way. I don't know. I had actually one person come back and say, that's the only answer you have. And I email back, would you want me to lie?

Sometimes you just don't know, except the institutions are jumping all over this crap. GEVanova, big gap to the upside on their earnings report today. GEV, and we're going to look at that bad boy to see if it sets up and give us an opportunity. What we look for big gaps is they gap up, sit for a few days, then make another move. And of course, stocks that gap down, we don't want to own those. So we got a few for some more.

I didn't like those Tesla numbers, by the way. So that's some of the market. And may I state for the record, oil prices were up again today. again we take no joy in saying this we think our side has lost control of what's going on not militarily we can knock the crap out anybody but tactically and message wise we're rooting for victory get the hell out of there knock the crap out of whatever nuclear they got going but i got news for you mark this down you listen whatever deal is going to happen is going to be hardly better

than Obama's deal with Iran except we knocked the crap out of a lot of their artillery and stuff like that that's all and as I've said since day one I wish he stops conducting a war through social media

that is freaking insane just my opinion I try to be careful with words and emotions because as we always say to you I have no idea what happens tomorrow no idea

all I know is is that they are pounding away at the semiconductors big tech again though I still question how far the software is going to go. As you know, they've been in a big bear market and a pretty decent recovery, but things are still way down from highs. And there are areas just stay the hell away from. Defense stocks have topped out.

Auto dealers, the payroll, the pharmaceuticals, a lot of the health care, a lot of the retail. A lot of the medical. The airlines acting very poorly. Cruise lines acting poorly. Hotels, they broke out and they tucked in today. We'll see if they resolve. Insurance, ain't nothing going on there. Consumer staples, bleh.

I can say to you the economically sensitive stuff, everything's off the lows, but nothing really leading. The big leading stocks right now are big NASDAQ semiconductors, and because of the big NASDAQ, the S&P. There's been definite improvement off the lows in banks and financials, but I have maybe, let's see, State Street Bank, Northern Trust, a couple of others that are actually broken into new high ground and looking like they may be on their way. So it's definitive sharks versus the jets or something like that out there. Just a big freaking wow on what is versus what isn't right now. I can tell you South Korea, go look at EWY at the high, then go look at FX, China, not even close.

So separation of powers in Asia. Japan in between. Up next, what else we got for you? We got a few things to whine and complain about. This is the one only Investors Edge. We're listening to. America is talking. Investors Edge.

He's got to be pleased with that. The crowd is just on its 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. Dang. IBM is down $20 in the aftermarket.

A couple of bits of important news. I don't know. You probably should read about it what happened in Virginia. Go look up the words gerrymandering, redistricting and all that. Because in Virginia, there was. a vote and the vote came in for the changing of the districts and the changing of the districts are going to allow in Virginia for the Democrats to get four new seats in the House that they

otherwise would not have got which really puts the stick in the fork in the Republicans wanting to win the House. and of course the president, the sore loser, came out and whined and complained and said it was rigged. You know, everything's rigged when he loses and not rigged when he wins. I can't tell you how much I loathe that of the president. By the way, I still have plenty of people that email me and say it was rigged. And they'll send me videos and all kinds of stuff that's being written up

by people and I just say go look at the video of Sidney Powell who was the main attorney for all this crap who came out and said you shouldn't have believed the word I said but whatever so just letting you know that happened and the Republicans are having a fit

but guess what the Republicans did it in Texas they do it in Virginia and then they'll do it in another state and back and forth That's how it's been going. I remember in Florida a long while ago, they were able to tear up a district that pretty much was like a three-year-old

taken out a crayon and drawing on a sheet of paper. I worry about this country because of all these politicians and what they're doing. As I have said to you, I don't think any of them give a crap about us. It's all about their power. and that's why we have this gerrymandering going on by both sides of the aisle. And in this case, the Dems win.

You can go look it up. And of course, the president's whining that, it's all red. Next, I don't know, it was a few days ago that I said, Donald Trump's a socialist. And boy, oh boy, do we get hit. and then I would list a few things to prove he's a socialist. And by the way, my idea is socialism is somebody in power being a control freak, running everything, putting everything in their own power.

He's a socialist. And again, I got hit. Oh, he lowered taxes. I emailed back. He raised taxes. with tariffs. Well, here's the latest socialism. And it irks me, and it should irk you.

The administration has floated, which means they're going to, a $500 million lifesaver for Spirit Airlines in order to keep them from going on to. Now, $500 million of our money. Now, to be consistent, I was pissed off when we did it for the banks in 08. Now we're doing for spirits. Now, think about this.

It's a bad business. It's a money-losing business. It is a bankrupt business. and we're going to give, oh wait a minute, we're not, they're going to do it for us. The administration is going to write a check from our wallets to Spirit Airlines. And I got a big problem with that. It's socialism.

It's control freakism. It should not be. Now, I don't want Spirit Airlines to go out of business. The Biden administration would not. allow a JetBlue merger with Spirit Airlines. Well, JetBlue has their own problems. I would have no problem with negotiating with Spirit and other airlines, at least get them together and see if a merger can be done, but I don't want any of my tax dollars to go towards this. Well, we have no choice, and that's the problem.

We're now just a bunch of marks sitting in the audience as they run. By the way, we're going to be about $2.5 trillion in debt, while the president now wants $1.5 trillion for defense up from one, when in the year 2000 our whole federal spending was $1.8 trillion. Socialism. Take positions in company, socialism. tariff the hell out of farmers, let them lose billions, and then take our tax dollars and pay them off. Socialism.

The president's a socialist. I can continue. So I'm not thrilled. I'm still rooting for him. I'm wishing him well. But I don't like socialists and I don't like control freaks. Remember what we tell you here if I was president? Lower taxes, less regulations, fight crime.

crime, close the border. He did a great job with closing the border. I think he does a good job with fighting crime, but then he pardoned the J6 people, so he's not fighting crime there, and he pardoned a bunch of white-collar criminal, so he's not fighting crime there. So selectively fighting crime. Anyway, we would fight crime 100%, and then get the hell out of your way, and let everybody flourish. But no. Oh, by the way, if a company does the right thing by me, I will not tariff them. If they do the wrong thing, I will tariff them. Socialism. Anyway, President Trump's a socialist. But better than socialist Kamala Harris, I can promise you that, if she was president. And I expect to get a few good emails on all

that. But please argue with me. Please debate me. You won't be able to. Everything I say, say to you is factual. Everything I told you that happened has been done. Oh, wait a minute. Oh, we're going to take Venezuelan oil and call it ours. Oh, we're going to get Iranian oil and call it ours? No.

Control freakism. Anyway, back on the market. Overbought, stretched, extended. Oil prices going up again. Strife in the Middle East. and the market could not give a crap

in these semiconductors artificial intelligence slash all that stuff having to do with artificial intelligence the market does not like defense a lot of retail payroll auto dealers

pharmaceuticals a lot of read did I say a lot of retail Avis ran a car finally travel related and I guess that's the oil price is still ticking up insurance terrible and very mixed bag I still don't have real big leadership

in the financials so very much a mixed bag out there but what's working gang a big dang as we head into the meat of earnings season and I can tell you

tomorrow American Express American Airlines Blackstone Honeywell Lockheed Martin Ryder Union Pacific

Intel KLA 10 Corps SAP and that's just tomorrow Apple they announced the CEO Go Bye Bye down 7 yesterday

back up 6 today I gather I don't think anything can run by itself but that's a pretty good ecosystem. Up next what else? Whatever else.

This is the one only Investor's Edge. You're listening to What are we waiting for? Well, what are you waiting for? One, two, ready, go. In Investors Edge with Gary Culpa. And welcome once again to Investor's Edge.

So what do I do? So I've been saying to you on this show, man, we bought the semiconductors perfectly and we sold them too soon. And they're up another 7% in like five days. How do I handle that? Well, we are big believers in being our biggest critic. And by the way, we taught our kids that, you know, we always say we teach our kids. kids, certain things, never lie. Because if you get the reputation of lying, nobody's ever going to believe you, and you can also have to cover the lie, the whole thing. Well, one of the other things is be your own biggest critic in anything you do. I'm famous for the legal pad and for my dayminders and writing notes. And what I do is I go back and I'm always writing and I'm always writing in real time, what am I thinking? And I wrote down that day that, damn, we've gone straight up

for nine days, the first three days, then the big gap up, 1,200 points. And that morning, markets getting hit, semis are getting hit, said, you know what, that's a damn good game, just in case. So he sold. I have that in real time. What do we do? We go back and we go over our rules. And what's one of those rules? Let your blank winners run.

And I'm sure you know what the word blank means. And we just hope to do it better the next time. it's the best way I can put it and that goes for things that we don't play why didn't we play that we never lose big so we don't have to worry about that

we haven't had a double digit loss in forever seriously and of course you always hear from us what to avoid when we came out what was it in the last couple weeks we think that defense stocks are topping, that's from what we see because we consider that we have pretty good eyes.

But the more important part of that equation is never ride down bare markets. And as you know, on November 4th, we called tops in software. And we said, we don't know how bad it gets, but we'll see. and we had no idea they would crumble 40%. Some individual name 60 and 70? No idea. But every day we'd come by and say, still going down, holy crap, whoa, whoa, whoa.

And then recently better action. But in the big scheme of things, software, let me just say semiconductors are Wagyu beef, And software is spam. Nothing against spam, but you get my point. And that's the goal. That's the thought process. Always be your biggest critic.

And all you do is just hope to improve by going back to what are your damn rules? We can shut down quickly losing big. ain't going to happen. The only way we can really have a bad loss, and bad is relative, is if we get gaped to the downside on earnings. And fortunately, we haven't had a big gap to the downside since 1995. Silicon Graphics. Two weeks before earnings, they raised their numbers, gaps up and I bought it.

They report earnings and they miss. big lawsuit I think they paid two cents on the dollar that was the last time I think it was down 24% overnight but the other part and not easy committing when you see

the right thing and holding your winners which we did not do with the with the S-O-XX and it's not going to end our world. It's not going to change our world, but it's how we go about things. And we go about that in every aspect of the life. Just a little note for all of you.

It doesn't matter what it is. Be your biggest critic. Teach your kids that. Because before somebody else becomes your biggest critic. And that's a little bit of that. and I can promise you in my little dayminder, there's quite a few four-letter words that I cannot repeat, all aimed at me.

Hmm. There's one. What the blank? What you thinking? That's aimed at me. Anyway, that's a little bit of how we go about things. And we also,

the good news is, We know some very, very smart and good people in these markets, and we kind of sort of have this little grouping together, and there's some people that I follow that don't even know that I follow. They don't know that I follow, and I stay in touch with everything they do because they got what we call game. In a very tough industry, we are constantly measured by a number.

We are constantly measured by a number. That all said, you have a great evening. By the way, I believe I'm on Fox Business with Varney tomorrow with 10 a.m. Check that out. You'll have a great evening. Drive carefully. And when you get home, do like I do, very simple. Make sure you hug your family.

Hug your children. They will feel better. You will feel better. I promise they will be well. Have a good night, everybody. I'm not a socialist. Bye-bye. This has been Investors Edge with Gary Cultbaum on BizTalk.

To listen to past episodes or to get in contact with Gary, go to Garykay.com. That's GaryKay.com.