Investor's Edge with Gary Kaltbaum - Garbage! [10.30.2024]

Episode Date: October 30, 2024

https://garykaltbaum.com/...

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Starting point is 00:00:33 Investor's Edge with Gary Coltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Cultbaum. And welcome once again to Investors Edge. I'm Gary Colbom, your host day. Thanks of being with us today. Glad you here, ladies and gentlemen, happy that you are listening. It is October 30th.
Starting point is 00:00:55 Tomorrow's Halloween? Yeah. 2004. It's Wednesday. Hope you're having a good day. In case you don't know, this is serious talk about everything that affects you. We'll do the markets, the economy, your job, your industry, the election, the Morlocks in D.C. Garbage. My goodness, we're going to talk about garbage at the outset of the show today. Why? Because it actually does matter to you. The markets, the economy. Your job, your industry. Yes, that garbage. But first, if you do not get this radio show in your city, we'll post it at garykate.com, we'll post it on our Twitter feed, which now X.
Starting point is 00:01:40 And if you don't follow us on X, you should just put our name in. And if you'd like to email us, just be nice. Let me tell you why we're nice. If you disagreed with me 1,000%, I wouldn't think of you as garbage. I am completely away from all in politics at this juncture. As you know, I can't stand any of them. I think they have all let us down.
Starting point is 00:02:14 But if I love Trump and you hated Trump, I wouldn't think you're garbage. I would respect your opinion. If I love Kamala Harris and you hated Kamala Harris, I would respect your opinion. I wouldn't think you're garbage. But isn't it amazing how the President of the United States thinks that half of the country that loves Trump is garbage? And how do we know he meant it?
Starting point is 00:02:45 Well, because the media has covered it up, which they're very good at. And there's video. Go watch it. He meant it. and the media has made this thing up with apostrophies and what he did say or what he didn't say. Here's my answer to all of them. Go screw. We know better.
Starting point is 00:03:11 So all in a week, you get a moron comedian making the stupidest of stupid jokes at the most inopportune time. By the way, a racist, stupid moronic joke. And then you get the president of the United States. and then you get to Presley United States this goober, this goofball. And it just tells you how bad Trump was in 2020 that he would lose to this goober, this goofball, who his whole political life was a lie.
Starting point is 00:03:47 Moderate Joe, sweet Joe, nice Joe, wonderful Joe. It's a creep. Him and his family, corrupt? Creeps. Influence peddling? Creeps. The big guy, creeps. Massive debt and deficits. Creeps. Gargantuan increase in government. Creeps. Telling you, he cut the deficits. Creeps. So I have no expectation from this man, but it just shows you how bad. I don't even blame him anymore. I blame the media. They were out in force saying, well, first off, they changed the transcript with an apostrophe.
Starting point is 00:04:39 And then try to say it was about one person. And then the media tries to back them up, though there was some random acts of journalism. CNN actually was pissed off. But most try to cover. Garbage. Most all of us don't think others are garbage. if they see things differently. But unfortunately, in the world of politics,
Starting point is 00:05:12 unfortunately, with, and I'm talking anchors and reporters, not, I am not even talking opinion people. Their opinion people on the right and their opinion people on the left, that's who they are. This is what we have to deal with as we head into another election this coming week. my feelings are the same. I'm anybody but Trump on the Republican side, but it's Trump. And on the right, I have no use for her in that she has created this whole new persona.
Starting point is 00:05:57 Her whole life, they have erased. Her whole liberal, way left extreme-leaning life erased. all for an election. And we know what she will do if she has the power. If she became president and had a decent amount of power, we know what she would do. Just go back. She says her values haven't changed. That's my story. And as we head into the election, I'm still in the camp. I'm still in the camp that I believe Trump's winning. Nothing has changed as of yet. I will know and it could. And my thought process, is that there are certain things I watched for. And the reason why I was worried about Biden in 20 is now. Because of COVID back then and because of Trump and the baggage, people were worried about being on the wrong track. Well, I can tell you, people are very worried about this country being on the wrong track.
Starting point is 00:07:02 And people will tend to go for change because of that. And there is a fact of the matter. You have an administration that said inflation, don't worry about it, and it's going to be transitory. But prices are still way up, and they can talk all they want about the rate of inflation down. And it is. But go price things. And people see that. People also see Russia, Ukraine.
Starting point is 00:07:35 And us giving Ukraine all kinds of money while leaving our homeless veterans to die in the street. They see Israel, Iran, while they see that they basically have done nothing about Iran and their terrorist state. They see Jewish students in universities being threatened and they've said nothing. They seen women in Afghanistan back to the dark ages. Oh, but who cares about those women? They see 10 million people come through the border while they said, what did they say about the border? it was secure. You remember all this.
Starting point is 00:08:17 So I'm just letting you know my thought process is first and foremost based on I think people are really worried about the direction of the country. That's number one. But number two, registered voters, registering voters, I will tell you that it's being outpaced, Republicans over Democrats now. far outpacing and that's going to matter also so for those of you
Starting point is 00:08:49 who hate Trump you've been warned but of course I can be wrong and it is about turnout and I think it'll be close in some of these states but I think he's winning the Republicans will have the Senate I do not know about the House at this juncture
Starting point is 00:09:07 and I remain in the camp woe is me I'm not a Trump fan I believe he's chaotic I believe he changes his stance from Monday to Tuesday to Wednesday to Thursday I believe a lot of his decisions stink I don't like the tariff thing
Starting point is 00:09:28 but if he wins if he wins I will back him and I will try to help him as I stated I will try and contact him help him on the economy markets whatever And we'll see how it goes.
Starting point is 00:09:47 And that'll be Tuesday. Today is Wednesday. Now, as you know, right now, I'm kind of stalling because massive amounts of earnings are coming out. And I can tell you, I'm looking at Facebook right now, was just down 35 bucks in the aftermarket, and two minutes later is only down four bucks. And that's why I'm kind of, oh, now it's seven, oh, now it's 10, oh, now it's, you get my point. Things are all over the map. There were a lot of stocks moving today because of earnings.
Starting point is 00:10:15 earnings both up and down. We had Winkstop, a restaurant stock drop 80 bucks, but you had Shake Shack, a restaurant up about 6%. You had Chipotle down, but Brinker International up and Cheesecake Factory up, by the way, at the Cheesecake Factory, I love the bang, bang chicken and shrimp. It's really good. By the way, you should get it. Kind of curryish dish. So we'll see what happens, but you know where I think Biden is the worst of the worst of the worst, worst president ever, covered up by the media. And I'd say it to his face. I'd say it to his face. And boy, we've had some bad presidents. And the reason I don't like any of them is because Trump, number one, is presidentialness and his chaoticness. And he's just a Marxist, the other
Starting point is 00:11:07 guy. Hey, up next, a little bit more election, lots of news to cover. I'm Gary. This is the one only Investors Edge. Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investors Edge. We're not just handsome radio people. We manage investors' money for a living, specializing in fee-based discretionary money management. No big commissions, just a fee on the assets that's managed. We also provide a full range of personalized services,
Starting point is 00:11:52 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, will carefully evaluate your personal goals to determine a proper investment strategy. If your current approach to investing is not getting you to where you would like to be, call us to make an appointment for a complementary portfolio review. The number to call is 888-4-2-5-59. That's 888-5-5-9.
Starting point is 00:12:24 That's 888-4-22-55-59. Investment Advisory Services offered through Call Bomb Capital, Capital, management. All right, quick quiz for the hiring managers out there. What's worse? Being understaffed or being poorly staffed? Well, that's a trick question, because both are recipes for chaos. Either way, just say to yourself, this is a job for Indeed's sponsored jobs. You'll get matched with candidates that meet the skills, certifications, and everything else you're looking for, or go a different way and get no traction. Seriously, sponsored jobs posted directly on Indeed are 95% more likely to report a higher than non-sponsored jobs. It really is a no-brainer. Spend less time
Starting point is 00:13:07 searching and more time actually interviewing candidates who check all your boxes. Less stress, less time, more results. When you need the right person to cut through the chaos, this is a job for Indeed sponsored jobs. And listeners of this show will get a $75 sponsored job credit to help your job get the premium status it deserves at Indeed.com slash podcast. Just go to Indeed.com slash podcast right now. slash podcast. Terms and conditions apply. Need to hire? This is a job for indeed sponsored jobs. 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,
Starting point is 00:13:57 our programs are designed for people who never stop. You bring the fire, The 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.
Starting point is 00:14:21 I open my mouth to say whatever a nine-year-old wants to say. And she replies with a low... Shh. Listen. So we sat there. listening. That was the first time I learned that quiet can feel full.
Starting point is 00:14:36 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.
Starting point is 00:14:54 With Gary Coltbaum. It doesn't get better than this. And welcome once again to Investors Edge. I want to do one more thing. And then we'll get past the election. because the Nazi thing, the Jewish thing, the fascist thing, they throw these words around like they're talking about M&Ms and Hershey's bars for Halloween. First off, I know a ton of Trump voters, a ton of them. They're not fascists.
Starting point is 00:15:50 They're not Nazis. They are good people that just want better for this country. and they have certain ideals. They like strong defense. They don't like crime. They back the men and women in blue big time. There's the other part about women in sports and trans. There's things they care about.
Starting point is 00:16:14 And I respect it all. On the left, there's some things I don't like. But what am I going to do? Say to somebody, you suck because that's how you are. but I want to touch upon this word fascist because in case you don't know, it's a right-wing word. It's you're a far-right authoritarian. That's what they came out with this fascist word.
Starting point is 00:16:39 It's a, I guess, a political ideology and a movement about being a dictator and all that fun stuff. Well, interesting, interesting, interesting. You have this president now running 300 billion plus monthly debt and deficits. 300 billion. He is demanded taking your tax dollars and pay off other people's loans. Hmm. Dictator. Without you going to a vote, he's handed over a couple of hundred billion dollars to Ukraine for them to fight a war.
Starting point is 00:17:27 By the way, we're not saying we're against it. We're just talking about how they call others fascists. You catch in my draft? Fascist. Undoing the border. And flying people into cities at 3 o'clock at night, 3 o'clock in the morning without telling anybody. Fascist.
Starting point is 00:18:00 Interesting, huh? I was always taught, be careful about people telling us. you who you are because they're usually who they tell you you are. Dictatorial. Interesting. Just letting you know. Just letting you know. One of my best friends hates Trump. I love him. One of my other best friends loves Trump. I love him too. They both state their cases. I respect it all. Now, if one's calling for total illegality and real bad, that's another story. But one believes in one thing and one believes in another thing.
Starting point is 00:19:04 I'm letting you know, none of you are garbage. They're garbage. The ones that are running two to three trillion dollar deficits, garbage. The ones that told you your premiums would go down on Obamacare that have skyrocketed. Their garbage. The one that are running ads, both sides of the aisle, that are pure bull crap, their garbage. We, the people, we're going about our days, waking up, getting our kids to school, walking our dogs, going to work. Working our tails off.
Starting point is 00:19:56 Coming back home. Watching Big Bang Theory, Seinfeld, or maybe the World Series, waiting for the weekend to do this, that, and the other thing, while these miseries in D.C. are running us into the ground and calling your garbage. I should have ran. All right, we move on. The Yankees.
Starting point is 00:20:30 We'll get into the market in a minute, by the way. I'm just letting you know many years ago, the Yankees were up 3-0 on the Boston Red Sox in the American League Championship Series and my producer, Colin Brady, the greatest of all-time New England fan, whether it's the Patriots or the Red Sox. On air, I said to him, when they were down 3-0, don't worry, they're going to come back and win. Of course, they came back and won the series, 4-3 and then won the World Series. watch the Yankees come back and beat the Dodgers. I just have an inkling. We'll see. I'm not making the bet.
Starting point is 00:21:16 Just wanted to mention that. I had that in my mind. Next. Oh, they came out with GDP today. They're telling us the economy is up 2.8%. Lie in the last quarter. They spent, depending on which abacus you use
Starting point is 00:21:42 1.3 trillion more than they took in which goes to GDP if you take that out go find your number I just want to let you know just want to let you know they are masking with massive government the government statistics into the election
Starting point is 00:22:10 just letting you know but don't believe me do not believe me go look for yourself I'm just a handsome and buffed toast on the radio show go look for yourself next market
Starting point is 00:22:30 Dow was down 91 S&P was down 19 NASDAQ 104 NASDAQ 1602 the semis were down 178 today oh thank you advanced micro devices and there's a lot of jello moving on the plate what do we mean?
Starting point is 00:22:46 Well, there's like a couple of thousand earnings reports to come out and I'm going to go through some names in a minute and I'm actually going to mention a name that I think has the potential I don't own it. I did not buy it today but I think has the potential up next them numbers and all this aftermarket crap
Starting point is 00:23:14 I'm Gary this is the one only investor's edge All right, quick quiz for the hiring managers out there. What's worse? Being understaffed or being poorly staffed? Well, that's a trick question, because both are recipes for chaos. Either way, just say to yourself, this is a job for Indeed's sponsored jobs. You'll get matched with candidates that meet the skills, certifications, and everything else you're looking for. Or go a different way and get no traction. Seriously, sponsored jobs posted directly on Indeed are 95% more likely to report a hire than
Starting point is 00:24:12 non-sponsored jobs. It really is a no-brainer. Spend less time searching and more time actually interviewing candidates who check all your boxes. Less stress, less time, more results. When you need the right person to cut through the chaos, this is a job for Indeed sponsored jobs. And listeners of this show will get a $75 sponsored job credit to help your job get the premium status it deserves at indeed.com slash podcast. Just go to Indeed.com slash podcast right now. Indeed.com slash podcast. Terms and conditions apply. Need to hire? This is a job for indeed sponsored jobs. 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
Starting point is 00:25:00 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.
Starting point is 00:25:29 I open my mouth to say whatever a nine-year-old wants to say. And she replies with a low... Shh. Listen. So we sat there. Listening. That was the first time I learned that quiet can feel full. Hershey's
Starting point is 00:25:44 It's your happy place You'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
Starting point is 00:26:03 It comes highly recommended You're gonna feel better if you talk to him Okay I wrote some notes down And in no particular order The Trump stock today Was down 11.5 bucks
Starting point is 00:26:24 to 40 down 22% but that's after going from 11 and change up to 55 but that's after going from 79 down to 11 remember what I've told you and we say this not not pull up no politics
Starting point is 00:26:39 they have hardly any sales they lose money there's 176 million shares outstanding at 10 bucks it has a 1.76 billion market cap and this really has shown no growth whatsoever
Starting point is 00:26:55 just be careful. We're not telling you what to do. We didn't tell you what to do on the way down or up. We just told you what we think the valuation is. I have no idea if he wins what the stock does. I do have an idea what happens to the stock if he loses. That's not a reach. But I just want to let you know, be careful because I got news for you.
Starting point is 00:27:16 Just by happenstance in the last couple of days, I finally got emails. What do you think of the Trump stock? That's after it's gone from 11.3 quarters up to 55. getting back a bunch of the loss. People get swayed so much by movement. And I get it. I get it. Understood.
Starting point is 00:27:37 Okay, today, I'm going to mention Reddit. RDDT was up $34 bucks today to $116. Almost eight times average volume. Why don't you keep a watch on this one? I think it's got potential. And the way it traded today, I think institutions may be having to get in. I think it can pull back first.
Starting point is 00:28:02 We'll see. Just put that on your watch. I think there's some great potential in it. Not sure. We take it day by day. I don't own it. I don't plan on owning it tomorrow. It's extended.
Starting point is 00:28:14 Just write that down. And today, as I mentioned to you, you had some wild things going on. In restaurants, you had wing stop down 21%. Got smashed. Chipotle. Down 8%. And I still told you, 54-1 stock split is not a good thing.
Starting point is 00:28:30 But on the other end, Cheesecake Factory, up 8%. Was much better, though. Was much better. Shake shack was up 8%. Was much better, though. But the market came at the end of the day. And Brinker International, by the way, that's Chili's. They're just doing well.
Starting point is 00:28:51 I haven't been to a Chili's in ages. I may have to go. There's one right where I live. Then there's Garmin. You know what Garmin does, right? GPS stuff. Up 23% on three times average volume to a yearly high. That's got to hit my screen also.
Starting point is 00:29:08 Visa up $8 today. It was up 13, though. And it was in the highs and then pulled in. We'll see, but Visa and MasterCard act pretty decently. Two great bookies, by the way. And there were a few others. we get into the aftermarket? Oh, AMD down 17 and change today on their earnings. Highly touted semiconductor company and they just can't get out of its own way since the high in March,
Starting point is 00:29:37 which by the way I owned and sold it. I got to make sure I got, don't quote me on this, but I'm pretty sure I'm right. I think we sold that thing at 200. It's 148. And then you just had other stocks get squashed. Eli Lilly. Highly touted Eli Lilly. Only down $56 today, about 6% in change, was down $125 early. And I've posed the question to you about people going to continue to use that stuff. We'll see. I can be wrong. And there were other things that got hit QRVO, got smoke for 27%. This is an Apple supplier. That's why Apple. That's why Apple was on the weak side today, what's going on there, but Apple, I believe, reports tomorrow. And then I'm just going to throw you the aftermarket.
Starting point is 00:30:34 Meta, I got it down $17 in the aftermarket, 2.8%. Numbers look pretty decent, though. Microsoft, which has done nothing for about eight months, that's up about $5 in the aftermarket to 437, up 1%. no biggie. Booking Holdings. That's the old price line. That's up about 4% in the aftermarket. What else do I got for you if I can find other things? I'm just trying to find a bunch of Carvana is up 35 bucks to 242 in the aftermarket. What the hell's going on with that company? Wow. Dang. DoorDash. Let me see if I can find DoorDash. These are names that you've heard of. DoorDash. reported, did they? Down a couple of bucks in the aftermarket. No big deal. Go Daddy.
Starting point is 00:31:30 I don't think they reported yet. Amgen in the Dow. Don't see it yet. Robin Hood. I got it down three bucks in the aftermarket. Oh, market didn't like that one. Let's take a look. That is correct.
Starting point is 00:31:50 Robin Hood. Starbucks, did they report? Down a little bit. And if I see anything else, I'll let you know. O K-L-A-C, they reported, I do believe. I can't tell. Big spread. Anyway, a lot of jello moving on the plate.
Starting point is 00:32:09 Things change overnight. A little distribution in the market today. Crypto, micro-strategy reported, down $16 in the after market, if I have that correct. and that is your kind of sort of aftermarket report. There are more gaps to the upside than downside. That's all I can tell you. More gaps to the upside than downside.
Starting point is 00:32:37 But a lot of the gaps today, something that was up 10, finished up six. Just for example. Gold up day today. Gold stocks continue to lag. We own the gold. We don't own the gold stocks. Passable markets, the gold stocks always
Starting point is 00:32:54 led the medal. Super micro. We've warned you about this one. First off, it topped out way in March, broke very big support in July after, from a lower high, and then all this accounting talk came out. Big short selling company came out and talked about it, and then the company had admit they had some accounting irregularities. and I've noticed in the last few weeks the stock stopped going down even though it went from 123 down to 45 to 50. And I noticed some buy recommendations. I was thinking, I even said to you on this show, how does anybody put a buy recommendation on any company that says they have accounting irregularities? Why would they do that? It's insane.
Starting point is 00:33:46 And what's the line we always use with you guys? The market's tough enough. Don't make it tougher. Well, it was announced today that the accounting auditor that was auditing then told them to go screw. Stock was down 33% today, down to 33 bucks. They said they ordered it and you guys, we got to measure our words very carefully here, so I'm going to measure my words. And I'll say it kind of sarcastically, but I've seen it before. somebody's going to jail
Starting point is 00:34:31 you know when the last time I said that was what's that dufus that's now in jail with the crypto I forgot his name with the funny hair I even forgot his name already anyway hope you listened there are certain things we'll never do if we ever hear the CFO quit because of
Starting point is 00:34:54 unknown reasons or health reasons run for the hills accounting irregularities run for the hills I don't care what the stock does after that. There's just some simple things that you just wash out a stock or an area or a name because of this, that, and the other thing.
Starting point is 00:35:18 Super micro, they're going to have to change their name to not so super micro. And that is all. Meta only down 10 now, was down 20. It's all over the map. Who knows what tomorrow brings. I can tell you we saw something Oh service now was down 30 bucks in the aftermarket Next day was up 40
Starting point is 00:35:41 How does that happen? I don't know Welcome to my world What do we tell you? You think this is easy? This thing's a pain in the you know what If I can go backwards I would have bought the Vanguard S&P 20 years ago and never bought another thing If I can go back And that's a little bit of the market today
Starting point is 00:36:12 A lot of aftermath Wow this car was I can't wait to see those numbers afterwards. Hey, up next. And what else we got for you? Thanks for being here. I'm Gary. This is the one only investor's edge.
Starting point is 00:36:26 All right, quick quiz for the hiring managers out there. What's worse? Being understaffed or being poorly staffed? Well, that's a trick question, because both are recipes for chaos. Either way, just say to yourself, this is a job for indeed sponsored jobs. You'll get matched with candidates that meet the skills. certifications, and everything else you're looking for. Or, go a different way and get no traction.
Starting point is 00:37:16 Seriously, sponsored jobs posted directly on Indeed are 95% more likely to report a hire than non-sponsored jobs. It really is a no-brainer. Spend less time searching and more time actually interviewing candidates who check all your boxes. Less stress, less time, more results. When you need the right person to cut through the chaos, this is a job for Indeed sponsored jobs.
Starting point is 00:37:36 And listeners of this show will get a $75 sponsor. job credit to help your job get the premium status it deserves at Indeed.com slash podcast. Just go to Indeed.com slash podcast right now. Indeed.com slash podcast. Terms and conditions apply. Need to hire? This is a job for Indeed's sponsored jobs. Success starts with your drive. An 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.
Starting point is 00:38:17 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.
Starting point is 00:38:47 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!
Starting point is 00:39:06 In the Gester's Edge. With Gary Culpa. And walk once again to Investors Edge. I forgot to mention Google. So they reported earnings, and let me just tell you how we look at things. It's not the news. It's how Therings react to the news. It finished up $4.78 today.
Starting point is 00:39:42 So minor league move in Google today. But at one time today, it was up $12. And what that tells you is you had earnings, they were perceived to be good, which is using the word perceived, and they were sold into today. It tells you overhead there are sellers, and it may take a bit to get it going if it decides to get going. Now, I've seen times where a stock's up 20 on earnings, finishes only up five, but the next day is up 15. We'll see if that happens tomorrow. know or we can tell you an important name like Google today kind of fridded away
Starting point is 00:40:32 a good move as we said big earnings in the aftermarket Microsoft is now about seven dollars it's only 1.6% and meta let's see is only down two dollars now in the aftermarket you know what I think it's actually almost flat in the aftermarket now because it was down two and a change today. They had it down 30, then flat, down 20, down 10, and now down a buck and change. So, flatish, on meta. And we'll see what tomorrow brings. And guess what?
Starting point is 00:41:22 Tomorrow we get, if I am not, I got to make sure, MasterCard, Ferrari, The Intercontinental Exchange, Apple and Amazon after the close. Oh, Uber, I'm interested in seeing Uber. That's what I'm interested in seeing. But Amazon and Apple, especially Apple, because as I have said to you, there's been so many contrasting, differing thoughts on it. I keep seeing things like they're not selling their new phone well at all. and then I hear well but kind of sort of because of it.
Starting point is 00:42:06 All I can tell you, who the hell knows. We'll find out tomorrow after the close, and as I always tell you, I can't wait to get past earnings report. And what we do is very simplistic. We build screens. One of the screens are what stocks gap down and are gone by the wayside. For one example,
Starting point is 00:42:38 Wingstop, gone. See you, you're out of here. Don't have to think about you. Caterpillar? Almost. But recovered pretty decently today. And then we have the other side. I can promise you that Garmin and Reddit and Visa and Shake Shack,
Starting point is 00:43:04 these are names. that had this great reaction because something good is going on. In the case, and we're not telling you, we don't know if we're going to buy them. I'm not Shake Shack. Earnings up 47, revenues up 15. I still have never eaten it one I may have to. And write it off. No, I don't do that.
Starting point is 00:43:24 Well, I mean it's Shake Shack because I'm checking to see if the food's good. Anyway. And we put that on a front screen, and we're constantly watching those. and I will tell you often, and there's been a few already, you've had names gaped to the upside, and let's go bye-bye. And what we mean by that is they just go bye-bye. Oh, they gap up 10, and within three days they give back all 10, and down another 6. But then there are others.
Starting point is 00:43:57 I can tell you Reddit today opened up $25, 26 bucks, and finished up 34. That means the institutions are in there, going to get it because of something good going on. And they had an increase in sales and they made money when they were supposed to lose money and all that funky stuff. And then we try to find what we like and pick specific spots, go at it, and hopefully catch some good stuff.
Starting point is 00:44:35 That's it. So earning season is vital to us. When I'm done with radio, I'm not done with work today. I'm going to be going through 100 earnings reports. The good news is 50 of them I can just put it aside quickly. I can promise you I could care less about, let's see. Here's a name that reported after the close today that I don't care about. I'm not going to mention any names.
Starting point is 00:45:10 You get the point. And then we'll see others. We'll look to see if there's anything moving in sympathy because of it and try to get an idea of the why. And then we look backwards. Oh, well, they grew earnings 30, four quarters ago, 43 quarters ago, 52 quarters ago, and now it's accelerating.
Starting point is 00:45:36 That's usually a good thing for a stock versus super micro. The auditor told them to go take a flying leap. And I noticed an analyst went from buy to hold after that. Hey, thanks. What we do without you? eBay's down six bucks in the aftermarket. Guess what? That will be coming off our front screen.
Starting point is 00:46:11 That'll be a nice, little break to the downside. So we're already starting to do our list as we're on the radio show. And there'll be a lot more. Boy, Carvana. What am I missing with that one? And that's that. So we started off with garbage and we end up with earnings. Yay. That all said, you have a great evening drive carefully. I'll be on with Varney and company tomorrow. I believe. I believe. leave in the 9 o'clock hour. Check that out. And until then, you have a great evening drive carefully. Let's see if the Yankees can win, what is it, game five tonight. I'm a Mets fan, though. And make sure when you get home, do like a, we always do. Make sure you hug your children. Have a great night,
Starting point is 00:47:02 everybody. Thanks for joining. Peace out. Serenity now. Bye-bye. This has been Investor's Edge with Gary Coltbaum on BizTalk. To listen to past episodes or to get in contact with Gary, go to Gary K.com. That's GaryK.com. 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.
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