Investor's Edge with Gary Kaltbaum - End of the Month Review w Adam Sarhan [07.31.2025]

Episode Date: July 31, 2025

https://garykaltbaum.com/

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 our food. store. We can't wait to meet you. Store hours vary by location. Investors Edge with Gary Coltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Coltbaum. And welcome once again to Investors Edge. I'm Adam Sarhan in for Gary Kaye, who's out today.

Today is Thursday, July 31st, 2025, and we have a great show for you tonight. As always, I want to thank you very much for being here. Before we jump into the show, I've got notes from Gary, but just also some housekeeping. As you know, this is a show about you and your money and all of the fun points in between. Just as a quick reminder, you can listen to the show 247 on GaryK.com. You can listen live for archive. We are live Monday through Friday, 6 to 7 p.m. Eastern. Also on GaryK.com. You can follow Gary on X, formerly known as Twitter, by just pressing the button, or his Twitter handle is at Gary Culpom. Or you can subscribe to Gary's morning notes and directly your inbox for free. Email Gary, ask about his money management services, or if you want more, you can go to

Convictionleaders.com, which is his premium member services or membership website. And there he provides intraday updates, daily webcasts, and he goes really deep into a lot of, you know, just basically everything you hear him say on the radio here, you get to see him go through it with charts and a lot of detail and get intraday updates. and, you know, after the close updates, weekend updates, so on and so forth. Lots of just really, really good stuff, all available at convictionleaders.com. All right. So notes from Gary.

Yesterday on radio, Gary said that he thought the broad market was narrowing and more areas starting to give away and break support and the moving averages. And he highlighted the transportation stocks, ticker symbol there is IYT. Let's see. We've got some more of that today, meaning today's action. And every so often you get markets top, you know, short-term tops, intermediate term tops, how it is. But that's typically it could work around big fireworks. Today we saw several stocks, Microsoft and Meta are to come to mind.

Microsoft's tickers MSFT and meta is META, which is Facebook's parent company. They both had huge gaps on earnings. And sometimes you see some distribution, which is some institutional selling show up. Microsoft was distributed today, but we think there's nothing wrong with that just because it's so extended. Meta looks better, but we're, meaning Gary's going to look for it to set up again after today's gap up. And we think near term the markets are showing some headwinds, meaning things can slow down a little bit. We have been told that August and September are often very tough months. We don't necessarily believe in that, but we always keep that in mind as we move forward.

And that's the notes directly from Gary. Let's see what else he wants to say. And we had a strong open today. So let's talk about a week close. When you get a strong open that gets sold into all day, which is what happened today, typically that means near term we hit some resistance. And obviously notwithstanding more earnings coming out, that could change the playing field. After the close, we had KLAC 10C, KOR, Amazon reports, Apple reports,

Reddit reports, Coinbase, so many other ones report also. And then, of course, tomorrow morning we have the Always Fun Jobs report. But near term, the market's very extended. And it appears that the market's, you know, in pullback mode, which is normal and healthy, as long as it's a short and, you know, a small pullback in both size and scope. And what I like to see there is size and scope are basically, you know, pulling back size is a small percent decline, which I'll talk about all this in greater detail. And then scope is a short duration.

It doesn't last long. Those are all the notes from Gary, by the way. So let's talk about the market. What happened today, right? So the Dow closed down 330 points, closed at 44,131. The S&P 500 down 23 points to 6339 is where it closed. And the NASDAQ composite closed down seven points. 21,122. Now, closing down seven points is no big deal in the NASDAQ, right? Well, normally on any given

day, the seven point down day in the NASDAX is no big deal. But when you look at how much higher it was intraday and that you reversed and closed and lower half of the range and today was a distribution day, meaning volume was heavier than the prior session. And we're so extended a little bit more than just down seven points. The high today was 21-457. The low was 21078. That's a 400-point spread in the NASDAQ composite, right? So yes, it was down seven points, but from where? It's all context, people. I mean, that's really what it comes down to. It's all, you know, putting things in the proper perspective. I heard one time a difference between a point of view and a perspective. The point of view was how I look at something.

A perspective is how the other person looks at it and how I look at it. So you can look at it from a different perspective or a different point of view. You can go deeper into it. But it was just one guy trying to make sense of the difference between point of view and perspective. And that's with the market all day long, right? The markets can do what the market wants to do. Just about everybody that's looking at the market looks at the same data, Dow's up, Dow's up, NASDAQ up, NASDAQ down.

The difference is what we do with the data, right? How we interpret the data and then our actions based on that data. So we had a big negative reversal today. Again, not the end of the world, but we'll look to see if we get more distribution. Markets don't go straight up. Another thing to keep in mind, it's normal and it's healthy to see markets pull back. And the idea is to get small, shallow pullbacks in both size and scope. The good news is, today's the end of the month.

For the month, this is the fourth up month in a row for the market. We broke out last month in June to new all-time highs in the NASDAQ, and we followed through even higher this month. And we closed in the upper half of the range. Ditto for the S&P 500. This is the third month up in the row, excuse me, for the S&P 500. April was the upper half of the range, but just closed down a little bit. But you broke out to a new all-time high and closed in the upper half, middle to upper half of the range in the S&P 500. Predominantly, folks, this is the end of the month.

So I'll do a lot of end-of-month review after I'm done with just today's action and setting the stage for near-term pullbacks throughout the rest of the show. But typically when you see, you know, markets don't go straight up, they pull back. And those pullbacks, you want to see them pull into the 21-day moving average or pull into the 50-day moving average. And those are the next two levels of support to watch for the NASDAQ and the S&P 500. Really, just that simple. As long as we're above those two levels, okay,

we've got some room to go, right? And of course, depending on earnings, and we've got a lot of news coming out and jobs report tomorrow, so on and so forth. But for now, the market's earned the right to pause and catch its breath, take a breather. Again, those pullbacks are size and scope.

Size is a small percent decline. Anything low single digits, down 2% from a high, down 4 or 5% single digits, 7, 8% from high, that's a pullback. 10 to 19% is a correction. and then over 20 is considered a bare market, typically for Wall Street, you know, labels. For me, this is a pullback. It's day one of a potential pullback.

We don't even know yet. Let's give it some time. But just understand the market's so extended, right? That's the key. And by the way, pullbacks, light, shallow pullbacks in size and scope, where they're short in size, like a percent decline, meaning it's single digits, small, low single digit percent declines. and they don't last long, that's a duration side of it, size and scope, those are healthy. You want to see three, four, five percent pullbacks into moving averages on light volume

and then see them bounce and go on to new highs again. It gives the market, and individual stocks too, a chance to pause, catch their breath, set up again, build new bases, shake out the later, weaker hands and set, you know, let the buyers show up again and defend the market. And we've seen that. Since this rally began in April, you've seen the NASDAQ, you can look at the QQQ, really hugged the 21 day. You've had some pullbacks along the way one time in June, you know, it pulled into the 21 day and that was about it. Ever since then, it's been above the 21 day.

So it's earned the right to pull back and consolidate. Right. So just take your time. There's no quote unquote rush. The market's earned the right to take a breather. and that's what it's doing for now. Right? So let's look at some of the other indices because it's end of month.

So the Dow, the Dow is a little bit weak. Well, it's weaker on a relative basis. A lot of the action this year and the last few months have really resided in the big cap tech stocks, AI stocks, semiconductor stocks. And those stocks tend to reside in the NASDAQ and the S&P 500, right? Big Cap Tech have really been one of the primary leaders of this entire rally. Navidia, NVDA, one of the strongest stocks in the market, huge move this year. In April, it was at 86, closed at 177 today.

It's at 178 in the aftermarket. So, again, after a huge move up and it's isolated, that's what Gary means by narrowing. It's getting narrow, right? The markets earn that right to take a benefit of, you know, pause and just catch its breath. So the Dow never broke out to new highs or hasn't yet. It's still building a long base going back to last November. When you go down smaller market caps like the mid-cap stocks, the MDY, that didn't break out either, not yet. And the small cap Russell 2000, the IWM, that's still building a cup and handle pattern.

And it's below, it's 21 day, but above it's 50 and above it's 200, but still basing. The old high was back in November, 245 area, and now you're at 219 in the Russell. And that's 2,000 stocks. So take your time. We've got a lot more to cover. I'm Adam Sarhan. This is the one and only Investor's Edge. Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investors Edge.

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Like I get a stomachache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just, I have a stomach ache 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. Struggling to see up close, make it visible with Viz. Viz is a once daily prescription eye drop to treat blurry near vision for up to 10 hours. The most common side effects that may be experienced while using biz include eye irritation, temporary dimmer dark vision, headaches and eye redness.

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Depending on certain loan attributes, your business loan may be issued by OnDec or Celtic Bank. OnDec does not lend in North Dakota. All loans and amount subject to lender approval. 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. In case you're just joining us or missed any part of the show, you can go to garyk.com, rewind, fast forward, pause, listen at your convenience on any device you want, 24-7, all available on garyk.com. All right, so it's end of the month. I love doing a lot of introspection is one of my favorite words where you take your time and you pause and you reflect and observe and measure your success and do what Gary says with the yellow brick road, you know, figure out how to get the odds. what are your goals and then figure out a yellow brick road to get there, right? Oz would be the goals and then figure out what you're going to be doing.

Small incremental gains, day in, day out, week in, week out, month in, month out, quarter out, quarter out, year in, year out. Compound marvelously over time. So again, stepping back, you know, this was a good, it was an up month for the indices. Big cap tech led away and then as you go down the market cap, it's been Still up, but weaker than the other one. So small caps and mid-caps, they're up for the month, but not up as much, much less than the NASDAQ-100, the QQ, or the S&P 500 for the month. So, and again, big-cap tech and semiconductors tend to be the areas that have led so far.

Doesn't mean it's to continue leading, but that's what's been working. Again, part of knowing where we're going, the markets are forward-looking mechanisms, just analyze objectively, where are we right now? What's happened so far? And I'll give you some earnings came out after the close, which I'll get to a little bit later as well. So just looking at sectors, right? So let me go through one of my favorite screens is I look at ETFs and ETFs track different sectors. They check lots of different things. And I have a sector ETF list and I sort it by year to date percent change. I want to see what the strongest sectors are in the market. And it could be anywhere. I'm, again, just I want to look at the scoreboard, right? What areas are leading? The EUFN,

which is European financial ETF that measures European financials, is in first place on my screen. It's up about 38% for the year. I'm not buying European financial stocks. Again, I just want to see what's leading and then see where the money's flowing, right? Next one, which has had a big one this year, metals and mining. Remember, gold, GLD, Gary's been on it, silver, SLV. A lot of these mining stocks, these metal and mining stocks, other copper as well as had a good year and money's been flowing into these commodities again. XME is up big this year, about 29%. Big move this year. And again, it was down a lot earlier this year. Felt all the way to 45 in April and then soared, and now it's up to 73. It's not a clean move up. Gold is up about 20. I think the GLD is up about 24% this year.

The SMH, which is the semiconductor index, up about 22% this year, trading just off record highs that were hit earlier this week. Steel stocks are pulling back, but had a good run up about 20% this year. The industrials, steel stocks are SLX. The industrials, the XLI, is up about 15% this year. Okay, solar stocks of about 13% this year. TAN is an ETF that track solar stocks. Again, these are not by recommendations. These are not anything, you know, everything is general and informational and educational purposes only.

That's it. It's just what's the scoreboard. You know, if you like sports, doesn't matter what the sport is that you're watching. There's leaders and there's laggards. People that in the first place, second place, third, you know, same thing here. What area, where's the money flowing? What areas are leading? That's what I'm all about.

I'd love to find leading stocks. And one of my websites is findleadingstocks.com, right? And I do all this work because it gives me an edge. Where's the money? I always like to say the market is speaking and then ask, are you listening? The market's not verbally speaking to us. Just like humans. Most of our communication is nonverbal.

The market's not talking in verbal terms, but if you learn how to listen to it and getting sync with it or getting harm money with it is my way of saying instead of harmony it's harm money with the market you can pick up on cues right the xl u they showed up my report a few weeks ago a few days ago actually week and a half ago and it's new highs 12 up 12 and a half percent for the year the financials xlf up about 9 percent for the year the material stocks xlb selling off last few days up about 5% for the year. And that's really it for up significantly for the year. The staples, consumer staples, XLP, down, sorry, it's up 2% for the year.

It's below the 50 and below the 200 day. It's lagging. The energy sector, XLE, is up about 2% for the year, lagging. It's below its 200-day moving average, right? A few other areas, junk bonds, JNK, it's up about a percent for the year. The transportation stocks were up more, but now they're down. 4.5%. Sorry. I was looking at the wrong thing. Let me go back. Junk bonds are up about a percent. Yeah, 1.4% for the year. The energy stocks, the XLEs of about 2.3%.

There it goes. Transportation stocks up about a percent for the year. Then the small regional banks, KRE, selling off a little bit. Again, remember those small cap stocks I told you that Russell's underperforming. Not surprising here, these small regional banks, KRE, The R.E, it's up about 0.73%, so less than 1% for the year. And that's it. Everything else now is negative for the year. The retail stocks, XRT, down for the year. The discretionary stocks, consumer discretionary XLY, down, that was, the retail stocks were down 0.25%.

This is down half a percent for the year. Housing stocks down 4.4, sorry, 1.5% for the year, the XHB, XHB is down 1.5% for the year. The X-O-P and oil and gas exploration stocks down, what is that? Let's see. Down about 2% for the year. The XLV, which is healthcare stocks, down about 2.5% for the year. The biotech stocks down about 4% for the year. Let's see here.

OIH, oil services, down about 8.4% for the year. And that's about it. So you've got leading areas like the semiconductors, and you've got lagging areas. that I want to stay away from, like energy. It's just not working right now. It doesn't mean it won't work in the future. Just right now, areas that I'm avoiding. So knowing where to be involved in,

knowing what areas are being accumulated, where the institutions are buying, and know what areas are being distributed, what institutions are selling, super important. Areas to avoid. You know, I don't want to buy stocks that are going down. Other people do it. Fine, no problem. For each their own.

I also say in my book, there's an infinite number of ways to make money in the market. get your jobs to find one that works for you. So that's my sector analysis right there real fast. I gave you the tickers that I used, the ETFs. You can track them. It's sorted by year-to-date percent change. And it's just, again, month in review.

What's working? Year-to-date review. Not just look at the month. I want to look at the year. Right? What's the scoreboard? What's in first place? What's in second place?

What's in third place? So on and so forth. So areas, and then are these areas extended, these leading areas, and the areas to avoid the laggards, are they oversold? And so on and so a lot of nuances there, but just high level. Okay, we know money's flowing into big cap tech. That's good to know. Near term, we're very extended, possibly pulling back here, beginning of it what could be a pullback with this big reversal today. All right.

So up next, we've got a lot more to cover. Got some after hours earnings, some. a lot more news, more month in review. I'm Adam Sarhan. This is the one and 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 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 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. 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. Struggling to see up close, make it visible with Viz. Viz is a once daily prescription eye drop to treat blurry near vision for up to 10 hours. The most common side effects that may be experienced while using Viz include eye irritation, temporary dimmer, dark vision, headaches, and eye redness.

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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 welcome once again to Investors Edge. In case you've just joining us or miss any part of the show, you can go to GaryK.com. rewind fast forward listen at your convenience anytime you want from anywhere you want on any device you want all right after the close let's talk about some news first off news today well after the close we had lots of earnings come out and i'll go through some of them now but news figma fig's a new ipo was priced at 33 bucks started trading and closed upper half of the range at 115 and in the after hours it's now at 121, up another 5% after hours. And they're big on helping people design things online.

It's a hot IPO. We'll see what happens going forward. All right, after the close, Amazon reported earnings. Their stock is down about 4% after hours. Let me double check to make sure that's right. Yep, but down about 3.8%. After reporting earnings, let's see what happened here. Amazon's gloomy earnings forecast overshadows better than expected results.

All right. So guidance. Market didn't like guidance. All right. It happens. Apple's going to report. They haven't reported yet. Let's see some other ones.

Coinbase, C-O-I-N, or Amazon is AMZN. Coinbase, down 7.5% closed at 377. It's trading in the aftermarket at 348 right now. And they're down after reporting earnings. I'm going to speak about what I look for during earning season in a few minutes because it's really important as you go through these stocks. You ask yourself, oh, okay, what happened? You know, what's happening with the market? What matters, right?

And what are institutional investors, the professional ones, looking for? So Cloudflare, NET is a ticker. It's up about 7.3% after hours. Close at 207. It's trading at 222 right now. 22 and the aftermarket, 23, right thereabouts. Big move up. What we're looking for, folks, there's three things I look for. Number one, the reaction to the numbers. My most important variable. Why? Because the earnings, by definition, rearview mirror phenomenon. Oh, I earned a

dollar last quarter. I earned $10. Whatever the numbers are. Tells you what happened last quarter. the market by design is a forward-looking mechanism. And a forward-looking mechanism, it's pricing in what's six, nine, 12 months out, right? So the data matters, but the reaction to that news matters a lot more. So when I see a stock, like today, for example, you can look at ticker symbol race, R-A-C-E, Ferrari, gap down 11% on monstrous volume. that's no bueno. That's not good. Average volume for race is 316,000 shares.

Today, you had 2.3 million. So instead of 300,000 shares, you had over 2 million shares. And the stock's down 11%. And a little love tap here to make matters even worse for anyone that bought this thing recently. It just broke out of a really nice base just a few days ago, 6, 7, 8, 9 days ago. And it was looking really good coming into earnings. By the way, another reason why I don't really hold stocks unless if I have a big enough cushion going into earnings, 10% or more at least, if not 20%, but 10% or more is typically my threshold. Will I hold a stock if I'm less than a 10% cushion?

Sure, but it's rare. For me, I like to have a cushion. In the event, it does this, right? Because if I was up 10% coming into earnings and it goes down 11, all right, I'm okay. I lost a little bit, 1% no big deal, 2%, no big, depending on the gap. But when you see, on the other hand, something like eBay, you know, Microsoft gaped up today, meta gapped up today after reporting earnings Wednesday after the close, but eBay, another one, gaps up 18% today, hits an all-time high on monster volume.

Average volume for eBay's 5.3 million shares. today was almost 20 million. And the stock's up 18% all-time highs. Folks, that's the breakaway gap. It's exactly what I'm looking for when I look at earnings. That's the reaction to the news. That's number one. Is it a big gap up, big gap down, or what happens?

Or is it a snooze fest? Nothing happens. Step two, or the next thing I look at, what were the numbers sales and earnings this year compared to the same period last year? So for eBay, for example, they earned a $1.37 this year, the quarter that ended June 30th, the same period, quarter ending June 30th, 2024, they earned a $1.18. So $1.37 this year, 1.18 last year, growth of 16% earnings. And sales grew by 6%.

Stock is up 18% of the news. So the first thing I want to look at is the reaction. Second thing is, what are the actual numbers? Did they grow year over year? Remember, you want to compare apples to apples. I'll get to apple in a second here because the numbers are just coming out now. No, not even, not yet, sorry. The stock's up a little bit, about 0.8%,

but the results are coming out in a few minutes. When you look at the numbers year over year, you're comparing the second quarter of 2025 to the second quarter of 2024. Why? Because the fourth quarter tends to be a strong quarter for retail, but the first quarter is a week quarter. So it's not accurate to compare Q1 to Q4 for retail stocks, right?

Same is true for other stocks and other industries. I want to look at this quarter, same period, this year versus the same period last year and look for year-over-year growth. That makes sense? So Q1 of 25 compared to Q1 of 24, Q2-25, Q2-24, so on and so forth. Sales, earnings. Did we get growth? Not growth.

Third thing I look for, guidance. Actually, I'll give you four things. I said three, here's four. Is the company bullish on its own future? Management? Are they bullish? Are they not? Or are they bearish?

You know, that matters. Why? Because if the company is bearish on its own future, why would investors be bullish on it? You know, that's big. Next thing I look at is, did they beat estimates? right? I'm going to give you actually five. They beat estimates or do they miss estimates. So reaction to numbers? First thing I look at is numbers year over year, growth or no growth. Estimates,

guidance. Do they beat estimates? They have guidance. Those are four things so far. There's Apple's numbers. And the fifth thing I look for, it's just something that I like to see. It's what did the stock do with respect to other stocks, its peers? And the market's reaction. All right, those are five big things I look for. In other words, are all retail stocks doing well? Are all semiconductor stocks doing well? Are they all doing bad? So on and so forth. AI stocks, a lot of them gaping up, gaping down. You know, I try to connect the dots that way. But the four big things, it's the reaction to the news. You can write it down if you want. the numbers year over year.

Did it beat earnings, estimates? Did it raise guidance? And then guidance. Raise guidance, lower guidance. You know, they bullish or bearish about their future, so on and so forth. All right, Apple. Apple's earnings are out. Apple is up 1.3% as of right now, up almost 2% now.

It's very fluid because the numbers just came out. And they said greater China revenue, $15.37 billion versus $15.19 billion was the estimate. All right, that's a big piece of it. Let's see, it's up 1.6% now, so it's selling off a little bit. We'll see, 1.8%. So it's steady. It's up about 2%.

Yes, it's steady at 2%. I'll dive in deeper. The numbers just broke. Apple 3. Okay, iPhone revenue was 44.58 billion. Estimates was 40 billion. All right, looks like the numbers beat and the stocks up a little bit. That should bode well for the market.

It's up about 2.5% now. So we'll see. Again, putting the pieces of the puzzle together. Super important. Other stocks that reported after the close today, Reddit's up big. You've got MSTR, which is micro strategy. They're big on Bitcoin.

They're up about a percent, 1.33%. See other stocks that reported. We spoke about Cloudflare, which was Net. Roku, R-O-K-U is a ticker there. That's up about 4.75%. up almost about 5% after hours, after reporting earnings. That's Roku. R-O-K-U. And again, when you look at the numbers, the reaction guidance,

well, lots of other ones too. First Solar came out with numbers, FSLR. Let's see, they're up about 4% or 4.2% there. You know, look for themes. Arm came out. ARM. It's a big chip manufacturer for AI stocks and semiconductors. and it gaped down 13% today.

Okay, what does that mean for other AI stocks? They haven't reported, a lot of them haven't reported yet, but we'll see. You know, after the close today, we had, let's see, KLAC 10 core, another semiconductor stock, down about 2%. So we had arm report earnings yesterday, KLAC today, both were down. Again, that's what I mean by connecting the thoughts. All right, up next, we've got a lot more to cover.

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You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. And welcome once again to Investors Edge. With Gary Culper. And welcome once again to Investors Edge. I'm Adam Sarhan.

In for Gary Kaye, who's out today. All right. So a lot going on. End of the month. Right? I always like to do the end of the month review. Look at what's happening. What's working.

What's not working. So on and so forth. And we went through a lot of sectors. Went through some stocks. Some after hours news. Excuse me. After hours. earnings came out.

Lots of these stocks. We'll see how they trade tomorrow. The two big ones, Apple, up about 2% as of right now. That will probably change by the open tomorrow. And then Amazon's down about 3%. Lots of times, folks, these after hours numbers, it's a thinner market, so they can vary greatly. But the market's extended.

We saw a big negative reversal today. The NASDAQ at the high was up much more. closed lower half of the range on heavier volume so it was a distribution day some of these stocks again looking at the reaction to earnings some of these leading stocks that have been leading so far got hit this earning season not all of them but some of them netflix example for example or as an example excuse me back in april bottomed at 821 jumped to 1341 by the end of June. Then it reported earnings and it's just been drifting lower since. Closed today at 1159. The high was 1341. Spotify, SPOT, another big leader. This guy gapped down on earnings. He was at

475 back in April, rallied up to 785 at the end of June, and then it's just been slowly pulling back as well, broke the 50-day moving average and then gaped down after reporting earnings a few days ago. and now he's at 626 and the high was 785. He was a leader but broke the 50. Race, R-A-C-E, gap down, big today, was somewhat of a leader, had a good breakout from a few days ago, and then just got walloped.

So again, take your time, find those leaders, and you can go through them. One of the things that I like to do a lot, If I just go on price, you know, look at movers that are up and sort it by price change, like percent change, and find out where the big money is flowing. Like today, N-E-G-G, New Egg Commerce, stock that went from $3 to $63 since April. Somebody's in there buying it. It's not me.

They lose money. It's an IT company. They provide online retail services enabling customers to buy IT computer components, consumer electronics. I think it's like the, this used to be one of the, I forget what they used to be called, but they sell computer parts like RAM and, you know, laptops, stuff like. Anyway, stock has a huge move. This could be one of those short sale ones and meme stocks that were popular just recently. I'm not sure about that, but all I know, just looking for big movers, right? And I'm not buying this stock up here at 63 when just a week and a half ago it was in the 30s. I think

yesterday gaps down. Let's see here. 20% yesterday and then rallies 41% today. Something's going on there. That's not normal. I just stay away. But I want to find leaders. I want to just see where the money's flowing. And 99% of the time, Warren Buffett talks about this, the circle of competence. 99% of time, I say no. Know your area of competence. And if it's not in your area of competence or your area of expertise, no. Just master the art of saying, no, it's liberating. It's a free. It's a superpower. I look at hundreds of stocks, if not thousands of stocks every week. No, no, no, no. Oh, that's a good one. But it's so rare. When I buy a house, I don't buy houses often, but when I, over the decades, I've bought several houses and sold them, bought them, and I own a few houses.

And when I buy a house, I might take a year before I actually pull the trigger. I'll look at 50 houses, 40 houses. No, no, no, no, no. Find the diamond in the rough. Oh, okay, then yes. But the vast majority of houses I'm looking for, the answer is no. And that's okay. I'm waiting for the right criteria.

Next one that was up big today. Apply digital, APLD, up 31%, big gap up today, on earnings. FRGE Global. This guy's a thinner trader, but up 30% today. broke out of a base. American superconductor AMSC. This guy was up 29% today. Big, huge gap up. Wasn't a breakout. It broke out a while ago above $37 or $38. Now it's only up to 56. But huge move up. PI. Another stock was up big today, 26%. RSI, huge move today, up 25%. On monstrous volume. Average volume is 1.2 million shares. This guy was up about on volume. About, about, about,

11 million shares. Average volume is 1.2. So clearly that shows you that big institutions are in there buying. And again, I'm not going to buy that RSI. It's too extended for me. But that's okay. At least I know where the money's flowing. CGNX, up 20% today.

I'm not buying it. That's okay. MOD. It takes me two minutes to scroll through these things. I just look at the stocks that move more than 2% for the day. Up like, you know, the highest movers all the way down to about one or two percent depending on the day. If it's a quiet day, different. But if it's a big swing day like today, and the market's down, I want to find the stocks that were up. And the stocks are

up on volume. MOD, another one, up 18%. Again, not buy. There's no buy recommendations. Just showing myself where the volume and price. Where's the price? Where's the money moving? MOD, 4.5 million shares today, average volume of million shares. Earnings, the EPS, the EPS, the EPS, rating from investors business sales is 99. Composite ratings 94. Looks great. eBay, huge gap up, spoke about that. Average volume 5.3 million shares, gaps up on almost 20 million shares today to a new all-time high on earnings. CHRW, up 18%. Huge move. And breaks out on volume. Carvana reports earnings gaps up. CVNA is a ticker there. Up 17%. 10, almost 11 million shares. average volume is 3 million shares.

It shows you, like Gary says, it's not Aunt Mary and Uncle Bob doing the buying. Earnings are up 814% year over year. Sales are up 42%. I'm not, I didn't buy this today, but at least I want to know, I want to see it. And it's easy. It's free. You can just sort by stocks that are up,

you know, the biggest percent movers for the day. Let's see, what else? INDV, another one that jumped out at me. Up 16% today. Big gap up. on earnings. Earnings were only up 6% stock gapped up.

A LNY, biotech company, earnings were down 43% and the stock was up 15%. Does RNA stuff or whatever they do? But we're running out of time. End of the month, markets extended.

I'm expecting a little bit of a pullback here. I want to thank everybody for listening. I believe Gary will be back tomorrow. So always, this is a pleasure. And I'll speak to everybody again soon. has been Investors' Edge with Gary Cult Bomb on BizTalk. To listen to past episodes or to get in contact with Gary, go to GaryK.com. That's GaryK.com.

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