Investor's Edge with Gary Kaltbaum - GRIFTERS [02.20.2025]

Episode Date: February 20, 2025

https://garykaltbaum.comDisclaimer:The opinions you hear on BizTalkRadio, BizTV, or BizTalkPodcasts are those of the hosts, callers, and guests and do not necessarily reflect those of BizTalkRadio, BizTV, or BizTalkPodcasts, its management or advertisers. The information on BizTalkRadio does not constitute a recommendation, offer, or solicitation to buy or sell any product or securities. Please consult a professional before investing.

Guys, it's no use putting it off. The best time for an underwear refresh is now. Tommy John underwear is designed for a perfect fit that stays put all day. Their zero-chafe thanks to four times more stretch than competing brands. And their innovative horizontal quick-draw fly is a game changer. With over 30 million pairs sold, there are thousands of men out there more comfortable than you. Don't settle for less. Go to Tommyjohn.com today for 25% off your first order with Code Comfort.

That's Tommyjohn.com, Code Comfort. Tommy John. Comfort perfected. 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 February 20th, Thursday, 2025. Hope you are having a good. good day. As always, serious talk on everything that affects you. The markets, the economy, your job, your industry, doge, and what they are uncovering, the words I told you so will come into effect in a couple of minutes. And of course, anything else that matters that affects

you, we shall cover. And if you do not get this radio show in your city, we'll post it at garyk.com, we'll also post it on a Twitter feed, which is now X. We'll post it on all the podcast sites. And if you would like to email me, all you got to do is be nice. Respect. We'll respect you back. We can disagree

100% respect unless you like Hamas. Okay. Ladies and gentlemen of the jury, You're the jury. I'm the jury. We're all taxpayers. We are at a moment in time where you have a couple of people in President Donald Trump and Elon Musk that are finally doing the things I've been begging for for how many years.

And of course, there is pushback. The pushback is coming from people that have created this massive blob of government. both parties are guilty. We have covered the both parties as being guilty. But we also warned you about the last four years that we have never seen anything like it in our life, that the numbers were unimaginable in debt, in deficits, and corruption. And we told you, we hope one day they will uncover it. And if somebody has to go to jail, that would be. just fine. And we also told you how they do it. We specifically said to you, not in a sarcastic fashion, that there were going to be many friends, relatives, donors, compatriots, running to Delaware and opening up startup corporations on green. We told you that specifically. And then they would be at the teat of Biden and getting government grants, not loans to pay back, but grants that they never have to pay back ever, are tax dollars. In other words, fraud, massive fraud. I also said to you

It'll be from people we know And that you know Why? Because Greed is universal Corruption is universal In D.C. Ladies and gentlemen,

We now know why they've been yelling and screaming. I digress. I shall read to you what has been reported. I shall read to you what there is no pushback on. I will read to you

this is from a person who is on Twitter as of today saying and I'm not making this up how Doge is fraudulent

and not transparent define court orders, wreaking havoc, and all that. The woman's name is Stacey Abrams. In case you do not know, she ran for governor twice in Georgia and lost twice, and then claimed she did not lose. She claimed the elections were rigged. She claimed that the voting rights were being screwed on people in Georgia, and she

created some nonprofit back then. on voting rights. And she became this wonderful human being on voting, even though it was a big gigantic lie, because in Georgia, more people voted than ever. A big gigantic lie. A big lie. But that's nothing.

You see, the Stacey Abrams did exactly what I told you they were going to do. The Biden administration awarded $2 billion. of our tax dollars to something called Power Forward Communities in April of 24. As part of the agencies, this is the EPA, Greenhouse Gas Reduction Fund Program, they received $2 billion, even though it was a startup and had only $100 in revenue. Let me repeat that. $2 billion as a startup, even though only $100 in revenue.

You taking that in? You're taking it in? Are you taking it in? Because Stacey Abrams was a big vocal proponent of the green energy agenda and campaigned for Harris. She took $2 billion. The EPA administrator, after everything said and done, said this is out-and-out fraud. She received 20 million times the organization's reported revenue.

Power forward communities and Abrams did not respond to requests for comment. The group states that its mission is to assist homeowners, developers, and renters with home upgrades. $2 billion of our tax dollars for that. Need I say more? A non-profit. I am not sure if they got all the money. I am sure whatever is there is going to be clawed back. This is how they do it.

And this is why they're screaming. Because we gather there is a bunch more of this crap out there. 2 billion. A startup green company. that's going to assist you fixing your homes up with updated ovens. 2 billion

of our tax dollars that we're never going to be accounted for until Trump alongside Elon Musk or Musk alongside Trump got into the game. And now she's in the crosshairs. It's all over the media now

and she has said nothing except today Doge is bad we're going to find more by the way 20 billion from the EPA was parked at Citigroup against regulations

away from where the money's supposed to be so the head of EPA Zeldin came in and said this ain't happening no more this is what I am talking about this is what I am talking about other recipients of the 20 billion

Climate United Fund, the Coalition for Green Capital, the Justice Climate Fund. I wonder who runs those. Ladies and gentlemen, they are scammers. They are crooks. They use us and their connections to rob the treasury. They've been doing it for a long time, and now they're finally found out, and that's why they're yelling and screaming. that is your Doge moment for today. We'll have a lot more going forward.

We segue. There are interesting days in the market. There are interesting days in the market, ladies and gentlemen. There's a lot of moving targets in the market. There are a lot of things affecting the targets in the market. For instance, since Trump was elected, We have told you what areas were getting hit. The bad side.

We'll start with that. We'll get to the good side and a wacky day in the markets. Thanks for being here. I'm Gary. 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. No big commissions, just a business. 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 complimentary portfolio review. The number to call is 888, 4,000.000.

422-5-5-9. That's 888. 4-2-2-5-9. That's 888-4-2-2-2-5-5-9. Investment Advisory Services offered through Colbaum Capital Management. Guys, it's no use putting it off. The best time for an underwear refresh is now. Tommy John Underwear is designed for a perfect fit that stays put all day.

Their zero-chafe thanks to four times more stretch than competing brands and their innovative horizontal quick draw fly is a game changer. With over 30 million pairs sold, there are thousands of men out there more comfortable than you. Don't settle for less. Go to Tommyjohn.com today for 25% off your first order with Code Comfort. That's Tommyjohn.com code comfort. Tommy John. Comfort perfected. This message is brought to you by the Capital One Venture X card.

Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit. for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet?

Terms apply, lounge access is subject to change. See Capital One.com for details. This episode is brought to you by Spreaker. The platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need. explaining RSS feeds to confused relatives, and saying things like, sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already a podcaster.

The good news is Spreaker makes the whole process simple. You record your show, upload it once, and Spreaker distributes it everywhere people listen, Apple Podcasts, Spotify, and about a dozen apps your cousin's swears are the next big thing. Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more my... microphones. Start your show today at spreeker.com. Spreaker, because if you're going to talk to yourself for an hour, you might as well publish it. 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 Investor's Edge. So let's, uh, segue already, if you don't mind. So as I mentioned to you, the president comes in, and what they have explained to everybody is simple. They agree with your handsome and buffed host, Gary, that the blob has to stop. The trajectory of what government has been doing has to stop. and what they recognize is exactly what I have been telling you for how long. That for years, they've just created a massive growth of government.

Quadruple since the year 2000. Quadruple! Since Biden took over, the year right there, 60%. 60%. The run rate this year looks to be like 2.5 to 3.5 trillion depending on which abacus you use

and also is going to depend on how much money comes into the treasury. But the first two months of this year was averaging over 300 billion. So they came in and they create this doge. But there are repercussions. So where do we start?

we started with government contractors. There's a bunch of stocks that trade that do a lot of government contracting work. Something like a C-A-C-I, that's a symbol. And it is described as provides systems-managed network, knowledge management, and engineering services to government agencies. Well, since the election, it's gone from 580 to 341. And this is not a small company. They do like $8 billion in revenues. What else?

B.A.H. Which is Booz Allen. 190 to 113. Defense stocks. The Lockheed's, the Northrop Grumums. Why? Because they came in and said, Yo,

you've been audited four times. You can't pass an audit. You've admitted you can't find. or can't account for like a trillion bucks. Oh, we're stepping in. They went and got defense stocks. You catch in my drift? And now they've been coming out and stating yesterday

that they're looking to cut the defense spending 8% a year for five years. And I'm like, that's a lot. That's a lot. And what's happened? AX-O-N which on Tuesday was breaking out to all-time highs on volume and closed at 710 bucks in two days. I'm not making this up. It's 541. They've also now started to go after software security that,

deals with government. So some of the security software stocks got whacked. And I think overall today, today, the feel of less government spending, which has carried the day, Palantir, which by the way was way off the lows today. But yesterday, well, the day before, closed right around 125. The low today was 96. Closed at 106.

But you're still down 19 bucks. In two days on, what are the strongest stocks in the markets? Why? Government. So a very wicked and rough day, they even came after financials, big banks

that were acting so very well and just a myriad of things though off the lows by the clothes now I will tell you we have had some serious scare days in recent weeks

we had the Doge, not the Doge Day, the AI Day where a ton of stuff has not recovered the China AI Day We had a NASDAQ day When was that? Back in

December 18th It dropped like a thousand points But the market When all said and done Came back For the most part Just sitting now since early December So even though we're going to give you out the numbers in a second

And it was icky Notice the language Icky The big indices are still holding up pretty darn well and frankly call me

a little bit on the amazed side Dow was down 450 on the day Goldman Sachs was down 26 was down 36 the Dow at one time today with 43-9-5-0 it's called was down 670

the NASDAQ finished down 93. At one time today, let's see, 795, was down about 260, but some bigger names helped out at the end of the day. And the NASDAQ and the S&P and the NASDAQ 100 still look like on the verge of wanting to break above range, which was trying to do in recent days. Now, the Dow a little bit less so,

but we give much more weight to the, the NASDAQ, NASDAQ 100, and the S&P. Especially the NASDAQ and the S&P, because the NASDAQ 100 is very, very concentrated. So just letting you know, we're getting some Trumpitis, and I'm not using that as a pejorative. It's just that they're doing a lot of stuff. And who knows what's next? and what can be affected. But if they follow through,

I can promise you anything government-based that has been overdoing it is going to have a big look at. And of course, that includes, you know about the health care, a lot of the health care stocks have been under big pressure. Why?

It's simple. Do you know how much is spent on health care through the government? I don't think you can count the number. It's so much. So just letting you know that's a new thing that we are having to look at every day and factor in. But when all said and done, the market will dictate. And boy, oh boy, for some areas, oh, it be dictating. Up next.

on them markets and whatever else. I'm Gary. This is the one only investor's edge. It's no use putting it off. The best time for an underwear refresh is now. Tommy John underwear is designed for a perfect fit that stays put all day. Their zero chafe thanks to four times more stretch than competing brands and their innovative horizontal quick draw fly is a game changer. With over 30 million pairs sold, there are thousands of men out there more comfortable than you. Don't settle for less. Go to Tommyjohn.com today for 25% off your first order with code comfort. That's Tommyjohn.com code comfort. Tommy John, Comfort, comfort perfected. This message is brought to you by the Capital One Venture X card. Venture X offers the premium benefits

you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply. Lounge access is subject to change. See Capital One.com for details. This episode is brought to you by Spreker. The platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives, and saying things like, sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already a podcaster. The good news is Spreaker makes the whole

process simple. You record your show, upload it once, and Spreaker distributes it everywhere people listen. Apple Podcasts, Spotify, and about a dozen apps your cousin swears are the next big thing. Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for well, more microphones.

Start your show today at spreeker.com. Sprinker, because if you're going to talk to yourself for an hour, you might as well publish it. 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 gonna feel better if you talk to him So by the way By the way Forget Mick Go look up Stacey Abrams And what they are doing

And what they try to do Which looks like They ain't gonna get away with and I will tell you they are lucky. I am not running the Justice Department right now. They are lucky I'm not in Congress. I'd be subpoena, big subpoena on everybody involved, get their butts down to Capitol Hill,

and they would be questioned on exactly what they're doing. And by the way, I am hoping that they are going to be looking to see. see if they got money how much they're extracting and just so you know part of this game game what they do is they do like a they try to stay far away from it and what they'll do is do speeches and get paid all kinds of bucks and say oh i was only doing speeches 45-minute speech get a quarter million bucks. This is how they've done it. And it is by no accident, so many people are quoting,

quoting what some of these people are worth. It leaves your mouth agape. Using us, the taxpayer, making themselves rich. and remember what we have told you. They've turned the word billion into a footnote. They gave this woman and this brand new entity that had no business, $2 billion of our tax dollars. Think about that.

To never ever get paid back. Think about that. And they would have got away with it. But no longer. They are found out, and I am sure hoping the hammer is put down, and I am sure hoping they find every single one of these. And guess what? If it's a Republican, take them down too. Remember, we don't give a crap, whether it's an R or a D.

We just want good policy and honesty. Shouldn't be much to ask, right? shouldn't be much to ask and that's why they are going crazy they're dying on the hill of people who want to make the government more efficient, more effective

and not bloated trillion bucks not accounted for at the Pentagon. Of course you ordered them. They're great at what they do because it's not using their own money. We'll keep you up to date on this. We'll keep doing the Doge moment every day.

I take no joy in it. I hope I don't find anything else, but I am already prepared with tomorrow of other things to cover. But this one was too big and took too much time. Back on the markets, I'm still trying to figure it out what got the big banks today that were acting so beautifully coming into today. usually I'll see some sort of report about something

nope we'll see tomorrow whether they follow through or whether they hold up because I got to tell you they were acting terrific the good news is they were off the lows I will tell you also that as you know I'm a growth stock guy I love growth

a lot of them were just the machete came out and cut them out at the knees today not good news So we'll be paying attention, but I just want to repeat something of import. The big indices are sitting fine. The NASDAQ hasn't broken out yet. It would break out in about another 1%. That's how close it is.

The S&P was edging out of range, tucked in a little bit today. The Russell 2000 still can't get above the 50-day move and average. the midcaps still can't get above the 50-day moving average and not even close to the highs of weeks and weeks ago. And again, the other part, half the market looks like crap. When I scan the market, and boy, do we scan it, what we do without any bias, uptrends, downtrends, that's all we do. We want to know what's up trending, what's downtrending. half the market is just not in gear. A lot of retail, still a lot of technology.

A lot of those names in the building construction that was supposed to build these data centers, dead money, the home builders, which had a little bounce today. Oils for the most part, though a little bit better. a lot of the commodity names. They may have topped out today. The cruise lines with Royal Caribbean down 20 bucks today. We'll know a little bit more on the financials in the days ahead. Today was definitely what I would call a little shot across the bow or maybe a big one.

A crap load of the semis, though there has been improvement. I'll give it that. Where are the uptrends? Well, of course, anything into decently new high ground. The gold stocks, pretty good shape. China. A bunch of those names have gone vertical. Alibaba, after going vertical reported overnight, was up another $10 today.

Alibaba, if you look at a monthly topped out the month of October in 2020 at $320. It's $136 but is up from $99 in the month of February off of the government finally being nice. We'll see if it lasts. because as you know, fundamentally, there's still some issues, but the government of China looks like they're loosening because I gather that guy wants to keep power. And I do hear that the people of China are quietly pissed off. So just let you know China.

And then there's a slew of these growth names, but they came in pretty good in the last few days. Facebook meta Strong as an ox With 740 at the close Friday 694 at the close today Coming under the heading You think this is easy

And of course earning season There have been some very good gaps to the upside There have been a ton of blowups also A ton of blowups And some favorite names too Which basically Go from my front screen to my left screen.

That's my little blow-up screen. Gold, as I mentioned, in shape. The banks were in shape and we'll see again what that means. Today's action.

Ew. And just whatever else has been working to a certain extent. So stay tuned. We'll stay on top of it. But man, oh man, it's become I mean, quite the noisy markets. It is the Trump effect both good and not so good.

And you just got to recognize that if they go on this unspending spree, there's going to be some victims that have, and we're not blaming them, we're not accusing them, but they're going to be some victims of companies that do a lot of business with the government. and again, at the start, if you go look at the charts of B-A-H, it's crashed. C-A-C-I, it's crashed, and there are others. We'll stay on top of it as best as can. Up next, this, that, and the other thing, or whatever else.

This is the one only investors' edge. Guys, it's no use putting it off. The best time for an underwear refresh is now. Tommy John underwear is designed for a perfect fit that stays put all day. Their zero-chafe thanks to four times more stretched than competing brands, and their innovative horizontal quick-draw fly is a game changer. With over 30 million pairs sold, there are thousands of men out there more comfortable than you. Don't settle for less.

Go to Tommyjohn.com today for 25% off your first order with Code Comfort. That's Tommyjohn.com code comfort. Tommy John, comfort perfected. This message is brought to you by the Capital One Venture X card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card.

What's in your wallet? Terms apply. Lounge access is subject to change. See Capital One.com for details. This episode is brought to you by Spreaker. The platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives, and saying things like, sorry, I can't talk right now, I'm editing audio.

If this sounds familiar, you're probably already a podcaster. The good news is Sprinker makes the whole process simple. You record your show, upload it once, and Sprinker distributes it everywhere people listen, Apple Podcasts, Spotify, and about a dozen apps your cousin swears are the next big thing. Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more microphones. Start your show today at spreeker.com. Spreaker, because if you're going to talk to yourself for an hour, you might as well publish it. You're listening to What are we waiting for? Well, what are you waiting for? One, two, ready, go.

Action! In The Bester's Edge, with Gary Culpa. For the record, anything I say about a Stacey Abrams or anybody else, I'd say it straight to their face. They know what they're doing. Other news today, Walmart. Ooh, guidance. Not so good. Walmart took a little haircut today. Six and a half percent.

Probably is topped out for now. This had a good move. What did it do, though? Costco finished down $28 today to $10.35. What have we complained to you about Costco? Not the company. They're fantastic. 60-something times earnings for a company that the last three-quarters earnings were up 10, 6 and 10.

Which has me asking the question, are the big. hedge funds that need to be in a certain amount of retail. Get me out of coals. Get me out of Macy's. Get me out of Dollar Tree and Dollar General and all these other bare market retailers. And what's the best companies and what's working? Walmart, Costco. Don't worry about valuation.

We'll worry about it later. And that's how you get ridiculous. valuations that eventually there's heck to pay. I think a bunch of that's going on. And again, Costco, magnificent company, but it's 60 times earnings scares the living willies out of me. I think Walmart's in the 40s. Walmart's earnings up 10%.

By the way, the fact that sales are up 4% year of year is just, that's unbelievable. Why do I say that? Let's see. When it was $6.40? They only do $660 billion in revenues. That's unbelievable to be able to grow those sales. Usually you hit what we call Mike, I'd say,

the law of large numbers, which means, dudes, how are you going to grow now? Remember, Coca-Cola, how to start buying water companies? in order to keep growing. If you look at Coca-Cola now, they own Powerade, Desani water, body armor.

They own Costa coffee. They own Minute Maid. By the way, they own Jack Daniels in Coca-Cola, something called Simply Spiked, and something called Fresca Mixed, and something called Topo Chico, hard seltzer. Why they all do that?

Because there's so much you can do with just Coke. So we always, and that's where we worry about the apples of the world. In case you don't know, Apple sales, the last four quarters, minus four plus five plus six plus four. They used to be 25, 30, 35, 40, 40, 45, 50.

What's happened? Well, they do 350 billion of revenues. Let's see, 125,000. $2.15, $390 billion. It's tough to grow the sales at that point in time, and that's where you get to be less of a stock. Why do we say that? It's simple.

The stronger you grow your earnings and sales, the better. The longer, the better. Sales slow, stock slows. It's just normal occurrence. It's the bigness. What's next? I don't know. They were talking again about tariffs today, but not till April.

Then they're talking about, oh, they came out and said nice things about China today, the opposite of what was said yesterday. Oh, that we think we could come to a happy conclusion. Yesterday it was China's the evil empire type of thing. So what we kind of do here, you know, we have these running news wires, for markets. We now have a running newswire. Everything Trump.

Everything Trump. Our running newswire for Biden was what he was doing on the beach. All we had to worry about Biden was who he's handing our taxpayer dollars out to with the student loans and stuff. He was very on the dormant side, of course, opening up the border

and creating a lot of inflation. So there's an upside, definite upside longer term on what's going on. Shorter term, got to be on the lookout for what gets affected by less government checks into the pockets. And that's really how we're going to be moving going forward. And again, I got to tell you some. got a little lucky in the last couple of days. There were some stocks we really wanted to be in that were mashed. Mashed.

And we're asking ourselves, now that they were mashed, what do you think? I'm just not so sure because I don't know what's next. We're kind of sort of, not very courageous. for good reason. Mashed. We're seeing some 20 and 30% declines. And by the way, this is on top of what happened a few Mondays ago with the AI thing,

which we completely lucked out on. There were three names that I should have been in that dropped 20% overnight. Talk about the change of your psychology. The day before, Y and I in? The day after. Boy, I'm glad I'm not in. Welcome to my world. There in lies the market's for you right now.

Hey, that all said, go check out this Stacey Abrams story. Get pissed off. You have a great evening drive carefully. When you get home, do like we do. Make sure you hug your family. Make sure you hug your children. They will feel better. You will feel better.

I promise stay well, be well. Thanks for joining. 99. This has been Investors Edge with Gary Cult Bomb on Biz Talk. To listen to past episodes or to get in contact with Gary, go to GaryK.com. That's GaryK.com. Guys, it's no use putting it off. The best time for an underwear refresh is now. Tommy John Underwear is designed for a perfect fit that stays put all day.

Their zero-chafe thanks to four times more stretch than competing brands. And their innovative horizontal quick-draw fly is a game changer. With over 30 million pairs sold, there are thousands of men out there more comfortable than you. Don't settle for less. Go to Tommyjohn.com today for 25% off your first order with code comfort. That's Tommyjohn.com code comfort. Tommy John. Comfort perfected.

This message is brought to you by the Capital One VentureX card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet?

Terms apply. Lounge access is subject to change. See Capital1.com for details.