Investor's Edge with Gary Kaltbaum - Growth bloodbath [03.06.2025]
Episode Date: March 6, 2025https://garykaltbaum.com/____Disclaimer:The opinions you hear on BizTalkRadio, BizTV, or BizTalkPodcasts are those of the hosts, callers, and guests and do not necessarily reflect those of BizTalkRadi...o, BizTV, or BizTalkPodcasts, its management or advertisers. The information on BizTalkRadio et al does not constitute a recommendation, offer, or solicitation to buy or sell any product or securities. Please consult a professional before investing.
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Investor's Edge with Gary Coltbaum.
Straight talk about you and your money.
Now from the BizTalk Studios, here is Gary Cultbaum.
And welcome once again to Investors Edge.
I'm Gary Coltbaum, your host.
A thanks for being with us today.
Glad you here, ladies and gentlemen.
Happy that you are listening.
It is Thursday, March 6, 2025.
Hope you having a good day.
I must tell you out of the get-go.
As you know, I came down with the flu yesterday.
And it was, I woke up and I thought a train hit me.
Best way I can tell you.
And people were telling me and they said, oh, it's going to last seven days, ten days, 15 days.
I've been getting emails up the wazoo from people because I mentioned it yesterday, from doctors and from a pharmacist that listened to the show.
everybody's telling me what to do and I thank you all very much for giving a hoot about me.
So I went to a clinic yesterday.
They gave me this Tamiflu and I got to tell you, I still have chills.
I'm still a little weak, but I'm like 80% better.
I took three pills of the Tamiflu.
What a wonder drug.
And let me repeat again yesterday.
I don't know how I did the radio show yesterday.
I really don't.
I don't even know how I function yesterday.
That's how bad it was.
Today, though, feeling pretty darn good.
Hey, ladies and gentlemen, some days the shows are more important than others,
even though every one of our shows are important,
but I hope you listen carefully to what I have to tell you today
because something went on today that is a big time note.
big time note today.
I'm going to get to that in a minute because first,
this is Investor's Edge.
Serious talk on everything that affects you.
We'll do markets, the economy, jobs, your industry, doge,
tariffs, taxes, debt deficits,
scams, shams, corruption.
You name it, we cover it.
Without any bias, any agenda,
on any deteriorative, we don't care if they're an R or a D or an I or the Whig party.
We're going to tell you what we think.
And we're going to do that today with President Trump on both sides.
But ladies and gentlemen, I am going to start with the markets.
You see, I could tell you that the Dow was down 427 points.
It was.
I can tell you that the S&Ds.
P was down 104. It was. I can tell you that the NASDAQ was down a juicy 483 and the NASDAQ 100, 575 and the semiconductor index down 2.13. They were. I can tell you they advanced declines on New York with 3 to 1 negative on the NASDAQ, about 2 and a quarter to 1. I can tell you all that. Rough day. But something else was
a miss today.
And it's one of the things I was taught many years ago.
And it's one of those things that keep me out of trouble in the markets.
As you know for a very long while, we have been telling you about this area to avoid, that area to avoid, this area to avoid, this area to avoid, that area.
We had said to you what's been coming on.
Europe and China.
Consumer staples.
Recently, they topped out the big banks, big time.
They have squashed a ton of growth names.
They squashed all the AI names.
Remember artificial intelligence?
Here to stay.
The greatest thing in the world, you got to own them.
They've crushed those stocks.
all of them, William O'Neill.
We've talked about them before. I passed away in the last couple of years.
One of the great technicians, his book, How to Make Money in Stocks,
Required Reading and his other books also.
One of the things that has always kept me out of trouble.
And it's kind of simplistic.
And that is, what are the growth leaders doing in the market?
marketplace, the growth, the growth leaders. Well, we know in the recent past, as I look at my left
screen at Reddit and Planet Fitness and Twilio and Shopify and Intuit and HubSpot and HubSpot and GoDad
and Carvana and Duolingo
and Bill.com
and Celestica
and Coherent
and I can go through a laundry list of names
that have broken down and crumbled
crumbled
crumbled
so we already knew
something was amiss
the AI names
and Vida reports
good numbers, gets target raises from all the analysts, and the stock crumbled on their good numbers,
though, decelerating, because they had to decelerate from gargantuan numbers. That's the market.
And then they got other AI names and other AI names and other AI names, and other AI names,
whether it be the energy names, C-E-G-G-G-E-V-V-S-T,
or the construction names, E-M-E-F-I-X, A-A-O-N,
or the data centers like V-R-T.
But today something else happened.
And we always tell you, I have no idea what happens tomorrow.
I have no idea what happens tomorrow.
No, I have no idea what happens tomorrow because we don't.
We don't pretend to know day by day, but we just try to try to big picture it.
So we already knew something was amiss.
And we've been correcting.
And now, now the NASDAQ and NASDAQ and NASDAQ 100 are in correction territory, 10% dropped from the high.
The problem is, average stock is down like 25%.
That's my little guesstimate.
That's my guesstimate.
And the reason those indices are only 10% is because of a select few names.
Apple's number one, and that stock is just sitting there.
Hasn't really budged while other things have crumbled.
And may I state for the record today, HubSpot down 46, into it, down 11.
Reddit down 17. Snowflake down 21. Carvada down 29.
Axon down 35. Service now down 48.
That's today. Equinix 49 bucks today.
Mondagab, MDB, down 71 on their earnings.
That was today. But that's just them.
Do you know what they did today?
Netflix on No News.
down $85 on 100% double volume,
breaking the 50-day moving average,
cutting through it like a hot knife through butter.
Meta, down $29, below the 50-day moving average,
quite easily.
Palantir, everyone's favorite,
down another $9 today.
and that is below the 50-day moving average.
Spotify, stronger name, down $44 today, down all the way to the 50-day moving average is down $109 from a couple of weeks ago when they reported great earnings.
Those are the names that have held up great.
DoorDash, down 15.
Another one cracks the 50-day moving average.
How about Symbolnet?
Cloudfare, down 13, cracks the 50 day.
This has been the strength.
O'Neill, he was very big on the markets by watching the growth leaders
and what they are doing and how they're reacting.
And we're just letting you know,
they cracked the crap out of them today.
Not to mention the semi-conductors, KLAC down 24, Broadcom 12, ASML 25, Marvell 17 on their earnings.
Up next, we'll expound.
I'm Gary.
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With Gary Coltbaum.
It doesn't get better than this.
And welcome once again to Investors Edge.
So I don't know what tomorrow brings.
What I do know is they're ripping the stuffings out of growth slash technology of all different stripes.
All day to day I was noting they have like no bid.
And while the Dow was down 600 and rallied and dropped and rallied, but still finished down 427.
We always know that the Dow will always hold up best.
And towards the end of the day, they couldn't really get any traction.
I was watching Netflix couldn't do anything meta, all these great growth names.
While I just noticed some of the names in the Dow getting a little bit better in United Health,
which is kind of one of those defensive plays when the market goes crappy, up 11.
So that's 60-some-odd Dow points.
but my main point is
O'Neill always said
you want to know what the market's doing
watch them growth leaders
and all I can tell you
growth has been murdered recently
and now they got anything
that was holding up today
and boy oh boy
I can give you
a laundry list
a laundry list
I have these screens
I have my left
screen what I do
When something tops out on my front screen, it goes to my left screen.
My left screen now has five columns of broken growth tech stocks.
Five columns.
My main screen, I have a bunch of blank columns now.
That's how I know what's going on in the market.
Again, tomorrow's another day.
and Broadcom announces earning soon.
I do notice Eulet Packard, by the way, that's not a small technology companies.
HPE, oh, that's nice.
Closed at 18, it's 15.5 in the aftermarket on their downside guidance.
So something's going on.
We've been worried about all the numbers that they bandied about on spending for AI.
I'm like, how are they going to spend $500 billion on AI?
What's the return on investment?
Impossible.
Taiwan semi, $150 billion.
They're going to spend that?
They got $88 billion in sales.
How are they going to have return on investment?
That's just been the thought process.
It's just been the thought process.
So maybe tomorrow is a better day.
If Broadcom gaps up tomorrow,
maybe we'll get a better day,
I'm all for it.
All for it.
But today,
holy crapomatic Batman and that's the story
and even if Broadcom decides to gap up a little bit
it's still in a nice little downtrend
and all the gaps recent just so you know there's been about
20 or 30 or 40 gaps to the upside on earnings
they have all croaked
croaked so just letting you know
we'll see what tomorrow brings at the close of today the NASDAQ finished below the 200 day moving average not a good thing to see
the NASDAQ 100 finished below also but i've seen plenty of times where they finish below and can get back above
I'm just letting you know today was gross all the glamour names all the
the names that were holding up.
And I was hoping to find some news.
I'm sitting there watching Netflix, down 30, down 40, down 50, and I'm looking for some news.
Something's wrong, something's bad, no news.
It was just big institutions selling the hell out of growth slash technology.
And again, tomorrow's another day.
We're open to all outcomes.
wish I had better things to tell you.
Really do.
We deal in reality here.
Nothing more, nothing less.
And I must tell you, it really was a big wow for me today.
It was a big wow for me today.
Broadcom up $10 in the aftermarket.
Cool.
We'll see how that goes tomorrow.
That's good to see.
Costco missed.
by 10 cents, down 10 bucks in the aftermarket.
And I always worry about Costco's major league price earnings multiple.
But maybe Broadcom's going to help out a little bit tomorrow.
I must tell you, market's going to need it.
But if they pull another one of those gaps to the upside and just sell it all off,
it'll just be another one.
And let me repeat, there have been a ton of earnings gaps to the upside recently that got whacked.
Wacked.
If anything changes, we'll let you know.
Wish I'd better news.
But man, oh, man, oh man.
Let me repeat.
O'Neill has always said, watch them growth leaders.
We watch them.
And frankly, I couldn't believe what I was saying today.
Netflix down 82 bucks 84 meta down 27
Costco's now down 27 total with the aftermarket
Goldman Sachs down 25 bucks today
huh the big banks getting shredded
all right we won't depress you anymore
we're just telling you like it is and I must tell you it remains interesting
Nvidia was down 60 by the way
people that
I don't know
that if I'm in an airport
and they've seen me on TV or
whatever, they'll come up to me.
Hi, how you doing? Like you, you know,
you know what they all ask about?
Nvidia and Palantir. Every single one of them
asked me about
Nvidia and Palantir.
Palantir has gone from 125 to 80.
Nvidia
is still down
30 bucks down 22% from June and down almost 30% from January still in the realm up next the
president some good not so good this is the one only investors 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
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Tommy John. Comfort perfected.
This message is brought to you by the Capital One Venture X card.
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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. This episode is brought to
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and saying things like, sorry, I can't talk right now, I'm editing audio.
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The crowd is just on his feet here.
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Okay.
So I noticed today as I keep Fox Business Network on all day and Fox News.
And you know that many people that go on these networks are fans of President Trump.
But today I notice more than one person agreeing with me.
and that is simply put you can't keep changing your mind as the president of the united states
on tariffs on your two biggest trading partners on dates on dates on products and how much because
he did it again today. The president changed his stance. This is a little sarcasm.
Excuse me. For the 20th time in the last week, and it is bad news. For logical reason.
How to hell can anybody, any business, plan for their business.
If you keep changing your mind, he was asked today if the changing of his mind had anything to do with the markets.
He said no, that's not true.
I would call him on that because as the market swooned, he did it a couple of weeks ago when the markets were swooning.
He changed it to April 1st.
Then the markets rallied up.
He went back and said we're going to do it on Tuesday.
And then the market swoon and he changed it.
Back today, another big change as the market swoon.
I don't believe him on that.
He's got to stop this.
First off, as you know, I don't like tariffs at all.
The president is wrong when he says that tariffs are paid by those countries.
countries. The president exaggerated today in a very big way. He stated that in his four years previous,
he got $600 billion in tariffs from China. No, he did not. Total BS. He's got to stop. He's got so
many good ideas, so many good policies. He has saved lives at the border.
That saves lives what he did.
People were dying, drowning in rivers.
People died in the back of trucks coming here.
He stopped them from coming here.
He's saving lives.
Magnificent.
He showed what kind of a liar and a BS artist Biden was.
Oh, the border secure, Biden said.
Lion's sack.
Oh, we couldn't do it because we need Congress.
No, yet executive.
Anyway, Biden sucked.
He's gone.
So the President Trump, magnificent on the border.
The number of people coming across has dropped to nothing.
He's going to do everything you can to lower taxes.
Terrific.
Terrific.
He's lowering regulations.
Terrific. He did something else today that I was hoping for. As you know, I've been thinking that Doge and Elon Musk has gone a little bit run amok. What have I said? Too much. Too quick. No planning. Throwing everything against the wall and having it stick. You know, you can't do that.
I even use the word on this show.
They need a scalpel.
Not a machete.
You know what Trump said today?
It's time for a scalpel rather than a hatchet.
I use the word machete.
And that's what Trump did today.
He announced a shift back to a scalpel strategy for government cups rather than a hatchet.
Still keep cutting.
But man, oh man.
They fired some nuclear analysts.
They had to hire them back the next day.
They're finding out veterans are being fired from jobs.
And they're going on TV.
I can go on and on.
So that's another good thing he did today.
But enough with the freaking tariffs.
And stop exaggerating.
You don't have to.
You won.
You got great ideas.
Put them in place.
Let us thrive.
stop with the tariffs.
Enough.
You keep saying that lower taxes is what's needed.
A tariff is a higher tax.
China didn't pay you $600 billion during your four years.
That number's way off anyhow on tariffs.
They were paid by us,
and that's why you paid off the farmers in your four years.
That's my stance.
He changed again today.
He did this, that, and the other thing.
Put off everything.
Exemptions up the wazoo.
I don't think there's going to be any tariffs when all is said and done.
I really don't.
Why?
Because he sees the market swoon every damn time.
And that should tell him a lot.
Well, at least I hope.
It tells him a lot.
Back on the market.
Hey, Broadcom closed at 179.45.
It's 197 in the after hours.
Good.
Maybe that's going to help the NASDAQ in the morning.
Yeah, it is going to help the NASDAQ in the morning.
But by the way, it'll keep Broadcom in a pretty steep downtrend.
Oh, and by the way, the numbers are pretty good.
Stock at a high at 252, it's at 196.
so still down over 20%.
But I gather that's going to be at least a help on the open tomorrow
as they were crushing.
They were crushing growth, tech, chips,
not potato chips, but semiconductor chips.
And I'm looking to see, yeah, they got the chips up in the after-mars.
market cause of Broadcom. That's one of the big names. And that's your start for tomorrow.
So a little bit on the markets, a little bit on the president. And I hope maybe he's going to
recognize markets in business do not like tariffs. They make no sense. If you're worried
about fentanyl, do something about it.
You say you're the greatest negotiator on earth?
Negotiate, but not with our businesses and with our consumers.
With your strength.
And that's all.
What else?
Asia's still strong?
Europe's still strong.
They bounce today the consumer staples, they're defensive.
They bounce today, the home builders.
They got the big upgrade today, but still in a major debt.
downtrend. Some weird action today. Burlington came out with crappy numbers and guidance.
To the downside was up 20 bucks, but then I see they had good comps. Whatever.
Managed care, bounce, defensive. After that, not much else sticks out. Leadership, not much.
New yearly highs, not many. New yearly lows, more than new yearly highs.
And let me just tell you again, a sea of red.
A sea of red on my technology screens.
Wow.
Wow, wow, wow, wow, wow.
I know they've been talking about a weakening economy.
Up next, I'll tell you what I think.
I'm this 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 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.
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 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.
Investors Edge with Gary Culper.
And welcome once again to Investors Edge.
By the way, you know what I also love?
The Trump administration is getting the Department of Justice.
By the way, what the hell is going on with the people running these colleges, letting these scumbags,
kissing the ass of terrorists, run amok on their campuses.
negotiate with them?
Here's what you do.
You get water cannons, you get pepper spray,
and you throw them out the freaking window.
Imagine if this was the Ku Klux Klan and black people.
You know what they'd be doing?
The National Guard would be in, but not for the Jews.
Those bad Jews.
Anyway, the Trump administration is putting the hammer down.
and there's going to be some hate crime legislation for these scumbags wearing these masks
because there are a bunch of wimps, a bunch of losers, wouldn't show their faces.
Amazing.
Who the hell is running these colleges?
And by the way, I'd be like this if they were doing it to any race, creed, or color.
religion. It's sickening. I would be
pepper spraying them, jolting them, pulling their masks down,
taking photos of them, and posting the pictures of these people.
They like terrorists who rape and murder babies.
The Trump administration is doing something about it.
Excellent.
I bet you if they're put in a cell
for a day or two in a holding cell,
maybe that would change their mind a little bit.
Maybe if you indict them on hate crimes
and they're found guilty
and they've got to do three to five,
maybe that'll give them a little inducement
not to be the scumbags that they are.
Maybe, just maybe.
But no, the heads of the colleges,
we'd like to negotiate with you
And do you know, you know, you know.
I got to tell you, if I was one of those students there,
I would have my arse kicked in.
You know why?
I would be beating the crap out of whoever I can find.
You know, the mob would get me.
But at least I'd get a few in.
And I'm not a violent person, but it's the most frustrating thing to watch.
Good job, Trump administration on that.
Here's what else with the Trump administration I like.
They're given this BS green movement a certain finger.
Yay!
We want you to remember something.
The green energy movement are led by a bunch of lion hypocrites,
like John Kerry and Al Gore,
who fly in private jets while telling us the world is ending 20 years ago
and said we only had 10 years.
and are worth hundreds of millions of dollars
doing all that.
Terrific.
We don't need them.
We're all environment conscious.
We all don't want any pollution.
But we also know we can't stop hurricanes and tornadoes
or the wind or the cold or the heat.
It's the way it is.
And the reason why all these houses
burnt down in L.A.
It's because
when it gets hot there
and they don't clear away the brush,
it rolls downhill, and they're
in the
crosshairs.
It's how it works.
More people move into these areas?
That's how it works.
And I'm not trying to belittle what
happened. I feel sick for those people.
I know the area well.
But stop with the BS.
And the celebrity
telling us, oh, yeah, yeah. And they're on their private jets going on their 200-foot yachts.
I saw Leo, Leonardo DiCaprio. It was like, I don't know, a couple of months ago,
he's speaking at some conference on global warming and what we have to do. And whoever did
followed him afterwards, private jet to, I don't know, was the south of France, some, on a 200,
Maybe it was a 300-foot yacht.
And do you know how he does that?
And is hypocritical?
Because he don't give a crap.
We're nobodies.
We're peasants.
We're imps to him.
That's how he can do it without thinking,
maybe I look like a hypocrite.
And I got to tell you,
I hand it to him.
I like people saying we should do something about the environment.
I'm good with that.
But stop with the bull crap.
on the economy, I think it's slipping a little bit.
I'm not seeing any devastation.
I know there's people talking about recessions, negative GDP,
and I'm hearing the Atlanta Fed saying this quarter is going to be negative.
Maybe it will be.
I'm not seeing it as a big gargantuan thing at this point,
but I'll let you know.
I am letting you know that real estate is still on the weak side,
but only from fantasy land.
Here in Florida, inventories are skyrocketing, and prices are coming down, but only because of fantasy land.
People are putting up $2 million homes that were a million dollars three years ago.
And then, of course, three months later, they're going to $1.8, and so on and so forth.
That's how it works.
So there are things, there are issues, but what will put us in recession,
If the president keeps changing his mind on tariffs every five days, because companies will hold back from hiring, they're not going to know what's next.
They don't know what the cost is going to be.
They're not going to know what going to be able to sell things for, and it's going to put a standstill into things.
I hope he figures that out.
You all have a great evening drive carefully.
Hopefully we help.
When you get home, do like we do, make sure you hug your children.
Make sure you hug your family.
They will feel better. You will feel better.
If you get the flu, get Tamiflu.
I'm feeling so much better.
Wonderdrug.
Until tomorrow, have a great night, everybody.
Bye, bye.
This has been Investor's Edge with Gary Cult Bomb on BizTalk.
To listen to past episodes or to get in contact with Gary, go to GaryK.com.
That's GaryK.com.
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