Investor's Edge with Gary Kaltbaum - Grift! [02.12.2025]

Episode Date: February 12, 2025

https://garykaltbaum.com/...

Transcript
Discussion (0)
Starting point is 00:00:00 Want to earn extra income for your business? Amazon Hub Delivery is looking for ambitious business owners to assist with local deliveries. When you become a partner, you and your staff will deliver packages to customers in your area on a schedule that works for you. With each package delivered, you'll gain extra income and exposure for your business. Plus, Amazon Hub Delivery makes it easy to get started. There's no upfront costs, delivery experience, or long-term contracts required. Sign up to learn more at Amazon.com slash Hub Delivery. That's Amazon.com slash H-UB delivery.
Starting point is 00:00:31 Investor's Edge with Gary Coltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Cultbaum. And welcome once again to Investors Edge. I'm Gary Coltbaum, your host. A thanks for being with us today. Glad you here, ladies and gentlemen, happy that you are listening. It is the 12th of February, 2025.
Starting point is 00:00:53 It's a Wednesday. Hope you're having a good day. As always, serious talk on everything that affects you. And I mean everything because there's so much. going on right now, so many moving parts. I don't even know where to start. We'll talk about the markets, the economy, your job, your industry, Doge, the new administration, the old administration, everything that matters, including the word inflation, which may be back in vogue. But first, if you do not get this radio show in your city, we'll post it at garyk.com,
Starting point is 00:01:28 we'll post it on a Twitter feed, which is now X. And if you don't follow us on X, you should. And if you'd like to email us, just be nice. Just be respectful because we'll be nice and respectful. Even if you disagree with us 100%, we disagree with you 100%. Except if you love Hamas, then we have a problem. Or Kanye West, then we have a problem. Ladies and gentlemen, the 10-year yield today went from 4.537 to 4.637. In case you don't know, that is a big one-day move upwards. They came out with the consumer price index today, much hotter than expected.
Starting point is 00:02:11 Inflation. There's a producer price index that comes out tomorrow. We'll see what that brings. But this takes me back to what I said to you about the new president, about overpromising and under delivering. Oh, we're going to lower prices from day one. It does not work that way. it takes time
Starting point is 00:02:34 as we told you once inflation is in the system it takes time to ring out and this time I'm just not so short it gets wrung out so easy just letting you know and of course that did not help the market
Starting point is 00:02:51 today what I would tell you up front is A what does it affect the most on the negative basis one interest rate sensitive stuff, mortgage-related, home builders, real estate, and what else? Economically sensitive stuff.
Starting point is 00:03:18 You know that economically sensitive stuff? Building slash construction slash materials slash industrials slash machinery. What else would it affect? retail. And guess what happened today? Those areas got hit pretty good, while other areas were pretty darn decent. Quite the amazing day, actually, as let me, under no uncertain terms, the market's going very split here, and you had better be in the right areas or else. Today, I'm looking at one screen where the building, construction, all that stuff is getting smoked. I'm looking at another screen where Netflix is up 18, Costco's up six, that's another story, duolingo's up, Spotify,
Starting point is 00:04:22 Palantir, some of that stuff is up. Quite the weirdness today, ladies and gentlemen. if interest rates keep going higher, that shall be a headwind. To what extent I don't know, that shall be a headwin. On the other end today, the good news is oil prices drop the $1.80, and that is something we like to see. But leave no doubt, very split tape where the bad got badder, the good getting a little bit gooder. with some warts along those lines and we'll give out the final numbers in just a few minutes.
Starting point is 00:05:08 Hope you're having a good day. The Trump moment. The Doge moment. You know, we've had a little pushback. A couple of emails, not many. Oh, Gary, prove it. Where do you get your information from? This, that, and the other thing.
Starting point is 00:05:30 And I'm thinking to myself, the people that email where you get the information from, all they have to do is go on a computer and go on the actual government. Our government is producing this information I am giving you. And you know what our government is doing right now? Do you know when your 10-year-old goes to your draw and takes $10 out of it? And you go, hey, Johnny, did you take $10 out of my draw? No, Mom, I did not. I swear I did not.
Starting point is 00:06:15 I did not. I did not. And then the next day, you find the $10 in the draw, but just a little bit to the left. Because Johnny knows he was caught and he put back the $10. By the way, I think that's a really good analogy. well ladies and gentlemen it's the doge moment first off if you go to my twitter feed which is now x you will see and by the way do not make fun of this man he is because he's blind a director of government oversight his name is mr hedler he's blind he wore sunglasses in the meeting
Starting point is 00:07:01 what I can make fun of is in 30 some odd seconds, it should be the cold open for Saturday Night Live by him saying, well, just because sometimes, sometimes, sometimes doesn't mean sometimes, sometimes, and fraud doesn't mean this sometimes, and fraud doesn't mean that sometimes, but it could be, my goodness gracious. But back to Johnny. Let me report to you. from our government, the Department of Education, just terminated 29 DEI training grants.
Starting point is 00:07:50 In other words, they gave out money for training. 29 of them. For DEI training, 101 of our tax dollars. what? They were given out 101 million of our tax dollars for 29 separate DEI
Starting point is 00:08:18 training grants. Forget whether it's even DEI or not. What the hell are they doing with our money? That's one. That's one. Just one. Today, in the last couple days, the Department of Agriculture
Starting point is 00:08:36 terminated 18 contracts. This is Johnny. It was only $9 million. Only $9 million. But guess what it's for? Are you ready? Because I have myself asking,
Starting point is 00:08:57 do they just make this crap up? And are they laughing at us? 18 contracts for $9 million, including Central American Gender Assessment Consulting, services and Brazil Forest and Gender
Starting point is 00:09:16 Consultant Services. What? Remember what I said to you? Whatever city you're in right now? Imagine if we took that $9 million and put it towards maybe your homeless shelters, some of your veterans that are on the street that need help, or some children that are starving and need some more food, or some kids at school that can't afford lunch?
Starting point is 00:09:39 No. Central American, I think they're laughing at us. Just remember when you see consulting services from government, those are payoffs. We're not done. Think we're done? You think we're done? Here's another Department of Education terminated three other DEI training grants for $15 million under the title, decolonizing the curriculum. What?
Starting point is 00:10:18 But don't worry. $15 million. Here's another one for you. Last year, the National Institutes of Health, Institute of Health, of the $35 billion they got, $9 billion was for administrative overhead known as indirect costs that have nothing to do
Starting point is 00:10:48 with health. 9 billion of the 13,000 of the 13, 35 billion. Guess what the NIH did? Once Trump is in, they guaranteed going forward. It cannot be over 15%, unlike the 24% this was.
Starting point is 00:11:11 Not done. Up next. Wait to you hear this stuff. And then the markets. This is the one only Investor's 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.
Starting point is 00:11:44 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 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 8-8-8-5-9.
Starting point is 00:12:22 That's 888-4-2-2-5-9. Investment Advisory Services offered through Call Bomb Capital Management. Hello, hello. I'm Malcolm Gladwell, host of the podcast Smart Talks with Ivy. I recently sat down with IBM's chairman and CEO, Arvin Krishna. And I asked him, how can companies use AI to its fullest potential to create smarter business? My one advice to them, pick areas you can scale. Don't pick the shiny little toys on the side.
Starting point is 00:12:55 For example. If anybody has more than 10% of what they had for customer service 10 years ago, they're already five years behind it. If anybody is not using AI to make their developers who write software 30% more productive today, with the goal of being 70% more productive. Yeah. Wow. So we are not asking our clients to be the first experiment on it. We say, you can leverage what we did.
Starting point is 00:13:28 We're happy to bring out all our learnings, including what needs to change in the process, because the biggest change is not technology, is getting people to accept. that there's a different way to do things. To listen to the full conversation, visit IBM.com slash smart talks. Want to earn extra income for your business? Amazon Hub delivery is looking for ambitious business owners to assist with local deliveries.
Starting point is 00:13:57 When you become a partner, you and your staff will deliver packages to customers in your area on a schedule that works for you. With each package delivered, you'll gain extra income and exposure for your business. Plus, Amazon Hub delivery makes it easy to get started. There's no upfront costs, delivery experience,
Starting point is 00:14:12 contracts required. Sign up to learn more at Amazon.com slash hub delivery. That's Amazon.com slash HUB delivery. Hey, it's Ryan Sechrest for Albertsons and Safeway. It's stockup savings time now through March 31st. Spring in for storewide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, Body Armor, Oiraida, Silk, Capri-San, Bavarian Meats, and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more. or enjoy savings on top of savings when you shop in-store or online for easy drive-up and go pick-up or delivery. Restrictions apply.
Starting point is 00:14:49 See website for full terms and conditions. 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.
Starting point is 00:15:12 Let us continue. The Department of Health and Health and, Human Services just canceled 62 contracts worth $182 million. Wait, you think that's going to hurt, though? Health and Human Services? Wait, wait, they're not $182 million. Is that going to take away things? Is that going to hurt us?
Starting point is 00:15:42 Is people going to get sick because of it? It was entirely administrative expenses. none touched any health care programs. 168,000 of those dollars was a contract for an Anthony Fauci exhibit at the NIH Museum. And by the way, I'm not like other people. I don't think Fauci did anything wrong.
Starting point is 00:16:17 I'm neither a fan or an enemy. But I have to mention they were going to take 168,000 of our taxes. They just don't give a crap about us. They don't care. They just don't care. And then there's these morons in the Democratic Party. What has happened to these people? How stupid?
Starting point is 00:16:54 Oh, wait a minute. How stupid? Kamala Harris, who polled less than 1%, they put up to run for president. That's how stupid they are. Do you know there's a video out now of five different politicians, elected officials F-bombing Trump and Elon Musk?
Starting point is 00:17:23 That'll win votes. And they're all pissed off and complaining that what Elon Musk and Donald Trump are doing with Doge is ruining the democracy. thievery they're going to steal from you interesting schumers out there complaining like that chuck schumer has been in dc for 30 of our 37 trillion of debt and was the biggest proponent of the last four years of biden that supersized our debt yet he's out there saying
Starting point is 00:18:09 fevery by Elon Musk and Donald Trump who all they are doing is looking over government and doing what we thought needed to be done what we've been complaining about for years and that is the utter
Starting point is 00:18:27 free-for-all an absolute free-for-all of giveaways to friends and donors and closely held people. As I said yesterday, one would always think.
Starting point is 00:18:45 One would always think. It should be tough. It should be tough to get money from the government. You don't have to pay back. They gave it away. And they're all buddies. And they're all friends. And they're all well connected.
Starting point is 00:19:07 And they've all been caught. And now Johnny put back the $10. And we're seeing in all these places right now. They got caught with their pants down and the money hanging out of their pockets. And I can't wait to some of these people are paraded onto Capitol Hill. Where the hell did you make all that money? How did your net worth go from this to that? We'll see.
Starting point is 00:19:46 Those are a few of just today I had to report to you. You, the taxpayer, have been given the big gigantic middle finger by these miscreants and cretons in Washington, D.C. And as I said to you, they made the number one billion into a footnote. Just a billion. Samantha Power, who is being accused, I don't know, how she went from 6 million to 30 million in four years, running that U.S. aid. Well, that's going to be found out.
Starting point is 00:20:32 I hope she bought like some crypto or something, and it wasn't giveaways. She did an op-ed and said, but it's only less than 1% of the budget, only. $50 billion. $50 billion. Only. Only $50 billion of our tax dollars. So Elon Musk was in the Oval Office yesterday, and they're making fun of this guy.
Starting point is 00:21:07 The media is making fun of him. They're questioning him. Imagine you have an administration now that has seen, government go to 37 trillion of debt, two trillion dollar yearly deficits, which look like it will be three now, and now they're taking a saw, and I'm reporting to what government's already doing, so we know they're doing good things, and the media that just plain sucks is just in there burying them, or at least trying to.
Starting point is 00:21:45 when the people who should be buried are all the politicians of the last 20 to 25 years you know how you know they're doing a good job do you know how you know the more they whine and complain you have Maxine Waters front and center go look what she did with her husband's bank during 2008 it was going under
Starting point is 00:22:15 complete total conflict of interest if not worse she's complaining and i can go on and on and on so we're going to keep reporting this to you every day as more and more things come out and instead of emailing me and whining prove it go look it up yourself this is your tax dollars i'd like to see if any going to be going to jail. I highly doubt it, ladies and gentlemen, but certainly some people should. Amazing. And we're going to report every day, every dime. We are applauding the president and Elon Musk.
Starting point is 00:23:13 Let them call them, let people call them Nazis and whatever. They are making government more efficient and more effective. and getting rid of what we have called the blob. And ladies and gentlemen, it's a freaking blob. Up next, we segue back to the markets. Two-way tape. This is the one only investor's edge. Hello, I'm Malcolm Gladwell, host of Smart Talks with IBM.
Starting point is 00:24:01 I recently spoke with IBM's new director of research, Jake Gambata. We discussed his vision for the future of quantum computing. At IBM research, what we always do is answer what is the future of computing, whether it's coming up with new algorithms, coming up with better AI, coming up with quantum, or coming up with just how do different accelerators go together. It's our DNA to answer the question of what is the future. Isn't it a perfect problem for IBM because you kind of need to have a legacy of building stuff? Yes. Building actual physical machines. Yeah, it's why I came to IBM.
Starting point is 00:24:39 I wanted the experience, the culture of building hard things that others have not done before. Where do you imagine we are in the timeline of this technology? There will come a point when it will mature. Right? Yeah. My cell phone is a mature technology at this point. How far are we from that point with Conton? By 2029, we'll build the first fault-tolerant quantum computer.
Starting point is 00:25:07 That is one that can run a very, very large. large problem. To learn how IBM is building the future of computing, visit IBM.com slash quantum. Amazon Hub Delivery wants to partner with your business. Help your business. Help your neighbors. Discover a new stream of income for your business when you partner with Amazon Hub delivery.
Starting point is 00:25:32 You and your team will deliver Amazon packages to customers in your neighborhood on a schedule that works for you, and you'll be paid for every package you deliver. Getting started is easy. There's no delivery experience required, no long-term contracts, and you receive weekly direct deposits. Earn more.
Starting point is 00:25:48 Gain exposure for your business. Apply today at Amazon.com slash hub delivery. That's Amazon.com slash HUB delivery. Know a local business that would make a great partner, a local coffee shop owner, florist, automotive shop, dry cleaner, you name it. Refer a business today and earn $500 when they successfully join the program. Visit Amazon.com slash hub delivery to learn more, or refer a partner. That's Amazon.com slash HUB delivery. Now looking for hub partners in your area.
Starting point is 00:26:21 Hey, it's Ryan Sechrest for Albertsons and Safeway. It's stockup savings time now through March 31st. Spring in for store-wide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, Body Armor, ORAIDA, Silk, Capri-Sun, Bavarian Meats, and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in store or online for easy drive up and go pick up or delivery. Restrictions apply. See website for full terms and conditions. We're listening to America is talking. Investors Edge. He's got to be pleased with that. The crowd is just on his feet here. He's a Cinderella boy. With Gary Colbomb.
Starting point is 00:27:09 It comes highly recommended. You're going to feel better if you talk to him. I'm so happy. I am so happy. I gather there are some people squirming right now. We move on. When I say to you, it's a split tape. Well, the Dow was down 225 today, but the NASDAQ 100 was up 25. The Dow was down 225 today, but Netflix's up 20, booking holdings up 80. Tesla bounced up 8. It was a good day for growth stocks. It was a bad day for the bad. And as I have said to you in recent days, the avoids are oils, housing, a lot of the medicals, a lot of the retail, a lot of the restaurants, defense stocks, managed care, a lot of the economically sensitive stocks that really took it in the you know what today. A bunch of financials, not the big banks though, but I'm talking about the
Starting point is 00:28:33 companies that do private equity deals and mergers and acquisitions. like Black Rock, Blackstone, Evercore, Apollo. You better be in the right areas right now because there's a bunch of bare markets side by side. On the other end, China is not just not in the void anymore, but it's getting really going, especially Alibaba, off of the AI news. And you can go look that up. Gold. Bullish phase. Oh, by the way, did I mention the semis still suck?
Starting point is 00:29:14 Most of them are terrible. There's a few AI names, what we call holding up. Nothing more than that. Nothing really ascending in bullish mode. Just letting you know. Advanced declines on the New York today, 13 up 29 down. On the NASDAQ, 17 up 24 down. But again, on the NASDAQ, some leading growth names had a pretty darn good day today.
Starting point is 00:29:55 Palantir, which is just Enfuego off their earnings. Even though it's trading it like a hundred times sales. Let me repeat that. A hundred times sales. You had had good reactions in something like an upstart, a DoorDash. Gilead, one of the few biotechs. by the way, biotex mostly in a bare market. If you look at the IBB and the BBA,
Starting point is 00:30:25 yes, I'm throwing some alphabet soup at you, ladies and gentlemen. And of course, there's more earnings coming out at all times. I'm noticing Reddit, a leading name down $30 in the aftermarket. We'll see if that sticks. but I'm seeing app-loving APP up $42 in the aftermarket. So one good, one bad. I'm looking at HubSpot. Now, only down five bucks now.
Starting point is 00:30:59 It was down 20. Believe it or not, Cisco systems in the Dow, the old Cisco systems up nicely in the aftermarket. Net stocks has been pretty strong. So a lot of jello moving on the plate, ooh, Robin Hood's up pretty good in the aftermarket also. Anyway, it was a very weak morning, decent comeback with a bunch of warts. Oh, by the way, Trade Desk closed at 122.
Starting point is 00:31:37 I got it at 92 in the aftermarket. Oops. Look at me with the reporting the news. We'll be concentrating on the best reactions with strong earnings. Strong revenue growth. And we'll see what comes of it. In the recent past, great reactions in Spotify, Palantir. As mentioned, DoorDash, Netflix, with a big gap to the upside.
Starting point is 00:32:20 Alibaba on this AI blitz. Alibaba has gone vertical. Other China names, not so much vertical, but as a whole, strong. Even Apple, which is on the weaker side, is trying to come on since announcing something with Alibaba and their AI. So that is in the lexicon right now, and we'll see what happens. Bitcoin still trading below the 50-day moving average, but Ethereum, you don't hear anybody talk. about Ethereum, do you? You know why? It's been blasted. A couple of Mondays ago, a bunch of stocks gap down on earnings because of the Deepseek AI out of China. A bunch of them have bounced up decently. I'm letting you know a bunch of them are cratering again. So I'm not so sure that's so
Starting point is 00:33:29 good, especially the construction names that are supposed to build out all kinds of data centers going forward, which I'm a little bit dubious of. We'll see. I don't trust a lot of the big numbers that have been coming at us. But anything's possible, but we've seen in the past, Big stomach, no appetite. Isn't that the line? I think so. We'll keep informed. We promise.
Starting point is 00:34:14 But final word. If the 10-year yield keeps going up, head wins. At least for a good part of the market. If the 10-year yield. And as I said to you, the president's coming in and saying, oh, he's going to beat inflation. It doesn't work that way. You don't beat inflation by saying you're going to beat inflation.
Starting point is 00:34:47 Now, the egg thing is one thing, but there are other things going on not so easy. We'll keep you informed. On another note, foreign policy, man, they're talking about Russian Ukraine now. It was on the phone with both, and there's talk about ending it. What a concept. If I was the president, I'd be speaking to Putin and say, hey, Yutz, how many of your soldiers are dead? How many families have been ripped apart? How much artillery and tanks and guns have you lost?
Starting point is 00:35:25 How much longer are you going to do this for? I talk them out of it. I think that's what Trump's doing right now. I think Trump's going to pull some sort of saving face for Putin. to get out of this. In case you don't know, I don't know if you know this. Go look up the numbers how many Russian soldiers are dead.
Starting point is 00:35:48 I was amazed when I read the number. And by the way, they're not arguing the number. We'll keep you informed. All this is vital, very important to the world. We don't want war. We don't want terrorism. If you notice, no Arab countries want anything to do with Hamas.
Starting point is 00:36:15 they don't want them in fact the neighboring countries won't even let Palestinians in but Israel gets all the blame so when you see some of these miscreants on MSNBC and CNN they have only one goal is to rip this guy to shreds we're going to report to you with no bias does good you're going to know it doesn't do good you're going to know it and just remember For four years, they blacked out Joe Biden anything bad. For four years. Never called him on any of his lies that we were calling him on every day. Never brought up the debt and deficits. Now everything matters. Now there's homeless. It's amazing to watch.
Starting point is 00:37:16 And they wonder why their ratings are a little bit south of the Hallmark Channel, which, by the way, there's nothing wrong with the Wholemark Channel. Which, by the way, there's nothing wrong with the Hallmark channel. And there's a little bit of this and that. Up next. What else we got for you today? This is the one only investors edge. Hello, I'm Malcolm Gladwell, host of Smart Talks with IBM.
Starting point is 00:38:03 I recently spoke with IBM's new director of research, Jake Mbata. We discussed his vision for the future of quantum computing. At IBM research, what we always do is answer what is the future of computing, whether it's coming up with new algorithms, coming up with better AI, coming up with quantum, or coming up with just how do different accelerators go together? It's our DNA to answer the question of what is the future. Isn't it a perfect problem for IBM because you kind of need to have a legacy of building stuff? Yes.
Starting point is 00:38:35 Building actual physical machines. Yeah, it's why I came to IBM. I wanted the experience, the culture of building, hard things that others have not done before. Where do you imagine we are in the timeline of this technology? There will come a point when it will mature. Right? Yeah.
Starting point is 00:38:58 My cell phone is a mature technology at this point. How far are we from that point with Kondo? By 2029, we'll build the first fault-tolerant quantum computer. That is one that can run a very, very large, large problem. To learn how IBM is building the future of computing, visit IBM.com slash quantum. Amazon Hub delivery wants to partner with your business.
Starting point is 00:39:27 Help your business. Help your neighbors. Discover a new stream of income for your business when you partner with Amazon Hub delivery. You and your team will deliver Amazon packages to customers in your neighborhood on a schedule that works for you, and you'll be paid for every package you deliver.
Starting point is 00:39:42 Getting started is easy. There's no delivery experience required, no long-term contracts, and you receive weekly direct deposits. earn more, gain exposure for your business. Apply today at Amazon.com slash hub delivery. That's Amazon.com slash HUB delivery. Know a local business that would make a great partner,
Starting point is 00:40:02 a local coffee shop owner, florist, automotive shop, dry cleaner, you name it. Refer a business today and earn $500 when they successfully join the program. Visit Amazon.com slash hub delivery to learn more or refer a partner. That's Amazon.com slash HUB delivery. Now looking for hub partners in your area. Hey, it's Ryan Sechrest for Albertsons and Safeway. It's stock up savings time now through March 31st. Spring in for store-wide deals and earn four times of points.
Starting point is 00:40:32 Look for in-store tags to earn on eligible items from Celsius, Body Armor, Oiraida, Silk, Capri-Sun, Bavarian Meets, and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in-store or online for easy-drive. up and go pick up or delivery. Restrictions apply. See website for full terms and conditions.
Starting point is 00:40:57 You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action! In the Wester's Edge. With Gary Culper. Da-da-da-da.
Starting point is 00:41:31 Some updates. Wow. Trade Desk close at 122. It's 92. Reddit close at 216. I got it at 185. That puts a knock on that. HubSpot closed at 785, 765.
Starting point is 00:41:47 On the other end, Apple Loven closed at 380. It's 433. Geez. Cisco closed at 62 and a half. I got it 6640. Robin Hood closed at 5590. I got it 6180. Let's see if I can find anything else for you while I got you.
Starting point is 00:42:06 Oops. Paycom closed at 207. I got it at 191. Oopsie. How about, let's see. I'm just looking as we go. Pegas Systems, that's been strong. Closed at 106.
Starting point is 00:42:22 I got it at 100. Oops. How about the Brothers Coffee thing? Holy crap. Is that possible? I got BROS. Closed at 64. 81?
Starting point is 00:42:38 In the aftermarket? Is that? possible for a coffee company? My goodness. I'm looking, by the way, I do this in real time. Come to Papa. BROS. Click it in. Beats by five cents. Whoopi do. Revenues rose 34%, which was expected. Upside guidance looks okay. But wow. What in blue, what kind of coffee are they selling? Well, congratulations if you have that brother's coffee.
Starting point is 00:43:31 B-R-O-S with a big bang in the aftermarket. Dang. And you know, somebody emailed me and said, you know, they have one where I live and it's always busy. I am impressed and I am going to have to do a deep dive on what's going on with that bad boy. Wow. Wow. Wow.
Starting point is 00:44:02 You never know what's behind the door. And that's the aftermarket. Told you the good and the not so good. I get a lot of emails on gold right now. It's just a bull phase.
Starting point is 00:44:22 How long it lasts, how far it goes. I do not know. But it's a bull phase. And one could say it's the weaker dollar. don't know. All I can tell you, it's a bull phase. Not much more else to say.
Starting point is 00:44:42 I get asked all the time about draft kings. You know what I think? I think there's so many of these gambling things now that it gets tougher. Do you know the most commercials that I see on TV every day? Gambling. You see it right? well, you give us 200, we'll give you 50 bucks, and they're bookies.
Starting point is 00:45:10 Just remember that. There's nothing more than bookies. Getting asked a lot about Alibaba, I've been reading about their artificial intelligence, and it's got juiced on that. All I can tell you, it's now stretched, extended, overbought like crazy, it's gone vertical in the last few days. Don't know what to tell you. But I do know what to tell you as far as the split tape,
Starting point is 00:45:35 that is happening big time right now. And if you're an interest rate sensitive, economically sensitive, oils, commodities, a lot of the retail, by the way, most retail stocks are in a big bear market. Costco and Walmart are in a bull market, but trading at 60-something and 40-something times earnings.
Starting point is 00:46:03 Even though they have about 10% growth, if at all, And that's to be watched because it feels like the big institutions are selling the coals and the dollar tree and the dollar general and the five below's and the Macy's and the rest and parking themselves and it keeps them moving. But eventually when valuations get so stretched, but leave no doubt Costco and Walmart have separated themselves. in a very, very big way. Very big way. And by the way, there's a reason and a rhyme for that. They do pretty well.
Starting point is 00:46:57 And I heard Costco has this thing on DEI and people a man. Yeah, ain't nobody's going to stop going to Costco. Have you been in one? It's pretty cool. I consider an event there. And I don't worry so much about what private business do, I worry about what government does. That's our tax dollars. That's the way I look at the stuff. Anyway, crappy day for most of the market, a very good day for a bunch of growth names
Starting point is 00:47:28 and a bunch of blowups in the aftermarket and a bunch of really good movers in the aftermarket. And soon as I'm done with radio, I got to figure out why Brothers Coffee is up so big. on numbers that were okay. By the way, that's what we do during earnings season. We do little deep dives into companies, especially big movers both up and down, and there's always a constant. Accelerating earnings and sales on the good,
Starting point is 00:48:02 decelerating earnings and sales on the bad. Simple as that. And of course, if anything changes, we try to deal with it. but right now leading stocks Netflix Palantir Spotify Facebook I don't know why they change the name to meta couple of these Chinese names SAP German software company
Starting point is 00:48:31 and I wouldn't call Apple a leader but it's trying to come on off of AI and I did tell you I believe that I went to an Apple store got a new watch, got a couple new phones, wasn't very busy at all. Ladies and gentlemen, tomorrow I'm not sure what now, but I'll be on with Varnie and company tomorrow Fox Business Network. You'll have a great evening. Drive carefully when you get home, do like we do, quite simple. Make sure you hug your family. Make sure you hug your children.
Starting point is 00:48:59 They will feel better. You will feel better. I promise stay well, be well. Peace out, all. Good night. This has been Investor's Edge with Gary Cultbaum on BizTalk. To listen to past episodes or to get in contact with Gary, go to GaryK.com. That's GaryKK dot com.
Starting point is 00:49:18 Want to earn extra income for your business? Amazon Hub Delivery is looking for ambitious business owners to assist with local deliveries. When you become a partner, you and your staff will deliver packages to customers in your area on a schedule that works for you. With each package delivered, you'll gain extra income and exposure for your business. Plus, Amazon Hub delivery makes it easy to get started. There's no upfront costs, delivery experience, or long-term contracts. required. Sign up to learn more at Amazon.com slash hub delivery. That's Amazon.com slash HUB delivery. Hey, it's Ryan Seacrest for Albertsons and Safeway. It's stockup savings
Starting point is 00:49:52 time now through March 31st. Spring in for store-wide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, Body Armor, ORAIDA, Silk, Capri-Sun, Bavarian Meats, and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in store or online for easy drive up and go pick up or delivery. Restrictions apply. See website for full terms and conditions.

There aren't comments yet for this episode. Click on any sentence in the transcript to leave a comment.