Investor's Edge with Gary Kaltbaum - Just watch them SEMIS! [04.29.2024]

Episode Date: April 29, 2024

https://garykaltbaum.com/

Hey, it's Ryan Seacrest 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 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. Investor's Edge with Gary Cultbaum. 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 Colpom, your host. A thanks for being with us today. Glad you here, ladies and gentlemen.

Happy that you are listening. It is April 29th, 2024. I believe it's Monday and I wish it was Friday. No, really. Okay. Anyway, hope you're having a good day. As always, lots to cover. But first, if you do not get this radio show in your city, we'll post it at garyk.com.

We'll also post it on our Twitter feed, which is now X. And if you don't follow us on Twitter, you should. And of course, you can email me. Just be nice. I do not suck. Like somebody, somebody who loves Trump is upset about anything I say about Trump. So basically, I suck. What can I tell you?

That's okay. and very simply we have never been more serious about what we do here than ever before and it's not hyperbole it is everything that they are doing the numbers they are doing

how they are doing it and how that can affect you and your kids and their kids going forward. As we have told you, we're going to get into the markets in a minute, the numbers are obscene. You know, I have this little line, and it's somewhat sarcastic,

but I always say all the time, when they speak, watch your wallets. Simple as that. And you know who they are. the socialist slash Marxist control freaks. And they do it with rules and regulations and fees and fines and mandates and taxes and giveaways with your money. And I've explained to you time and time again that in the past, it's not been good. It's not been good.

but what's going on now and the numbers are unimaginable. And I pretty much tweet every week another day of Sunday shows. You know, they have these Sunday political shows and they bring on that group of people. And they never ask them about the debt and deficit. And of course, they never ask them about the border either and mention the word Biden in there. So just let you know everything we predicted is coming to fruition. And we're going to talk the markets in a minute. The market's a very good comeback from last, the week before last, so far as we continue into earning season and another maniac with the Central Bank on Wednesday.

But let me just tell you what they have done in a nutshell. And I want you to listen carefully. Do you remember Bill Clinton? Oh, you remember Bill Clinton? I believe it was his 1996 state of the union address. He said the era of big government was over. That's Bill Clinton, a Democrat. The error of big government is over. In the year 2000, our whole federal government, and these are real numbers, Google them. Don't Yahoo them because Yahoo doesn't work very well. 1.8 trillion. That's all we spent as a federal government, 1.8 trillion. This coming year, what's 1.8 times 4?

Last I looked was 7.2 trillion. They've quadrupled the size of government since the year 2000. Quadrupled. Thank you, George D. W. Bush. Thank you Barack Obama. Thank you Donald Trump. But they were all pikers. They were not good with our treasure. But let me further the numbers here and then get to the main point on what they're trying to do next. Five years ago, federal spending was $4.4 trillion. They're telling us in five years the size, scope, and reach and spending of government up 70%. the highest we spent in a year of COVID was about 6.5. We no longer have spending on COVID. And that was trillions.

That was necessary as we had a shutdown. So Joe Biden on purpose has take federal spending from up 70% from five years ago. He's gone on TV time and time again with his array. of minions saying they have lowered the deficit, they have lowered the debt, they've lowered the spending, and over the next 10 years they're going to lower deficits $3 trillion. This is your president you're supposed to depend on. The deficit is going up $20 trillion over the next 10 years. And they're saying some things they'll do will take it down $3 trillion, and that's them

cutting the deficit. by the way, we're not making this up. You would think we're joking. You would think we're being sarcastic that the President of the United States and his minions would say they're lowering the deficits by $3 trillion over the next 10 years when it's going to go up $17 trillion. But I digress.

What's the second half of the con? Well, they keep going out and saying what they've done. They've lowered deficit. They lowered debt. They're going to lower it even more and lowered some. spending, and we know it's a big, gigantic lie that you would think that the media would be blasted them on, but they say nothing because the media sucks also. But the other part of the con, the other part of the scam.

They're proposing to undo, well, excuse me, sunset the Trump tax cuts. What that means is, unfortunately, Trump made a big mistake, and there's a sunset on the tax cuts, meaning they end at a certain date and they revert back. And the next lie by this administration is, oh, it's only going to be the rich. But that's a lie because it's one big gigantic law and you cannot piecemeal that law. Everybody who got a tax cut from Aunt Mary and Uncle Bob to the most wealthy person in this country will get a tax hike. Simple as that. We'll get a tax hike.

and I have the numbers right here if you have two kids and make $85,000 a year you're getting a $161 tax hike. Simple as that. So there's the other lie. But then the next part, remember we said about, watch your wallets. The con is they spend like hell first

and then the next part, they come after you. There is a proposal to tax unrealized cash. capital gains. You know when you pay capital gains now, it's on something you sell. You buy a stock, you make a hundred bucks, you pay a tax on it. Long-term capital gains, the highest is 20%. Short-term will be your tax rate. They are proposing to do it on unrealized. So if you have a hundred grand in the market and you turn it into 120 grand this year, at the end of the year, they want you paying taxes on that 20 grand, even though you didn't sell. Oh, but it's only on the wealthy. Remember, the privileged few. Remember Marxists and socialist. They hate the wealthy and successful because the wealthy

and successful don't need them, but what they're doing is they're not going to really affect a wealthy and successful too much. They're going to prevent you from becoming wealthy and successful, but I'm not done. They're proposing long. term capital gains, which are now at the high of 20% to go to 44.6%. On top of the 25% of unrealized capital gains. Joe Biden. Joe Biden. Not to mention, there's a call for a world wealth tax, 2% on billionaires.

Get this. To boost social justice. Now, what the hell is social justice? In other words, the countries around the globe are coming after you. Also, the big machas coming after you. Oh, but it's the billionaires. Oh, really? So taking all this money out of the economy and putting in their hands will not affect everybody from top to bottom?

Hmm. Interesting. But I'm not done. Here's what really has me. I watched Joe Biden today speaking about the sunsetsetting of the tax cuts. He was joyful, gleeful, and I'm thinking to myself, he's joyful that people and their hard-earned dollars will keep less of it. He was joyful about it. Imagine that.

You make an $85,000 a year. I'm going to pay an extra $1,600 in taxes, and he was thrilled. And he cajoled the audience into applauding it. Up next, we'll put a bow tie on this. And then the markets. 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 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,

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Hello, hello. I'm Malcolm Gladwell, host of the podcast Smart Talks with IBM. I recently sat down with IBM's chairman and CEO, Arvind, 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. 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.

We are happy to bring out all our learnings, including what needs to change in the process, because the biggest change is not technology. It's 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. 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 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. 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. 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. So let me put a bow tie on this and then we'll do a little bit something else and then the markets. Joe Biden was joyful, gleeful. Imagine. You work your tail off. I don't care whether you're wealthy, super wealthy, middle class, less than that. Joyful. That tax cuts are going to be expiring. Ha ha! And by the way, there's no bias. So just let you know you Democrats, you

independence, you Republicans, you wig parties, whatever you are, you're going to pay more to Joe Biden's deficits. You know, the moderate Joe Biden. And when we say to you, he makes Bernie Sanders into a Republican, into a conservative. We are not kidding. I don't think Bernie Sanders would come up with, Oh, yes, he would. I take that back. So we're just letting you know, by the way, these are not opinions. These are facts. All these numbers were given you are facts. They are increasing the size of government already from 4.4 into the sevens.

They're going to go for the 10. And of that hike in spending $2 to $2.5 trillion is money they do not. have. It is deficit spending, making Trump look like a piker who made Obama look like a piker, who made Bush look like a piker, and making Clinton look silly by saying the error of big government is over. Now, you know, we're being told, well, a bunch of that has to do with Social Security and Medicare. Well, what are Social Security and Medicare? Oh, their government programs. why aren't they fixing them oh because they're afraid of losing votes and any time anybody's ever brought up doing something about it what do they say oh you're throwing grandma off the hill you're throwing her off the mountain into the ditch i told you back after george bush won re-election we were invited to the white house because they wanted to do something on social security we went there we interviewed treasury secretary and John Snow, we interviewed

Mitch Daniels, who we'd want to be president, but he'll never run, was the head of the OMB at that time, I believe, and others. And we talked to them, and basically we said, we just want to dialogue because we know social security, the way it's working in the demographics, within a week they dropped it. You know why they dropped it? Because they said they got a tack like there was no tomorrow politically on it.

everybody they started running ads they hate you they want to take your money they want to do this they want to do that and all they want to do is fix a government program that has no chance social security has no chance of living down the road unless it's changed it's a fact they even admit it but they still do nothing a government program and remember we've told you about social security. It's just the Ponzi scheme. If they never did Social Security but made you take your own money and it was automatically deposited into an account and you couldn't touch it, and you had to, it got automatically invested in 10-year bonds, well, it'd be in your name right now. That's number one. They couldn't touch it. That's number two. We've been saving a ton of

money. We wouldn't have to another government department of Social Security, administration, whatever. and you get to deal with it. Instead of getting a check, depending on how much they want to give you. And by the way, we never taxed on Social Security, and of course, now you're taxed on it. So just letting you know what's going on, the facts. And if you think, well, what does it have to do with the market?

Well, just everything. But of course, the market, good recovery. We'll get into that. I got to do one more thing. So in case you don't know, I'm in Florida. Do you know what's not happening in Florida? For the most part, you don't have a bunch of nut jobs protesting and yelling, we are Hamas. But at Columbia University and all these others, and I'm just thinking to myself,

let me tell you what they did at University of Florida here. They put out a memo to students. if you do this, this is going to happen. If you do that, that's going to happen. And you know what this and that was? It was the authority saying you are going to be suspended or expelled. Now, if you want to be expended or expelled, do this. If you want to be suspended or expelled, do that.

You know what they're doing at Columbia University? We're negotiating. In other words, giving up all authority to a bunch of anti-Semitic, racist, thugs. And yes, these kids are thugs. And let me be clear about my thoughts on it. I have been watching interviews on some of them. They're zombies. They're puppets. They're muppets. Do you know they won't even speak to anybody? They now tell you, you've got to speak to my media relations over there, which means it is organized, without a doubt. And a bunch of them are being asked about Gaza. They're being asked about Palestine. And none of them know where it even is on the map.

So it's just a bunch of lemmings following each other, coming up with something. They don't protest North Korea. They don't protest China. There's only a million people there, Uyghurs. They don't protest Syria with all the chemical weapons there. No. Or the Sudan, no. And then you have the trans and the gays for Hamas.

Oh, my goodness gracious. They wouldn't last three seconds. So we don't know what's going on except to say. There's one common denominator. For some reason, we're back to the hate Jew thing. And you know what the thing about Jews in Israel right now? You know what we're doing? We're just going about our business, working, playing, loving, giving.

While these people are just wasting their time, they'll go home tonight, watch Schindler's list, and probably boo Schindler. And that's that. That's greatness. Them? Don't know what to tell you. But I put the blame on the authority there. They're not using their authority, which would be pretty simple.

Just remember, a lot of these people are wimps. If they know they'd be expelled, mom and dad are going to be a little bit pissed off. That's number one. It's kind of simple. And number two, I blame Biden. Do you notice Biden hasn't done a address to the nation on this? And you know what's going on about 20 different. colleges. You know, not a word. We don't like anti-Semitism. But Palestine also. I blame him. He's not a leader. He's a wimp. Why? The Muslim vote in Michigan. Don't want to lose that. Anyway, just letting you know, just covering all the bases on the leadership, on the money, on your taxes, on the debt, on the deficits. Up next, rest of the market is the market.

on Investors' Ed. Hello, hello, I'm Malcolm Gladwell, host of the podcast Smart Talks with IBM. 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. For example. If anybody has more than 10% of what they had for customer service 10 years ago, they're already five years behind. 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. 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. 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. 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 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, ORA, Ida, Silk, Capri-Sun, Bavarian, Mee, 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. 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 Coltbaum. It comes highly recommended. You're going to feel.

better if you talk to. And welcome once again to Investor's Edge. I'm going to talk the market with four words to start you out. I do not know. We're very much to the point here. We're very much what is working, what is not, what is doing, what is not. I can safely tell you right now, I do not know. And what do I mean by that?

well when you have the number one stock in the market nvita drop eighty four dollars two fridays ago and get it all back by the end of the week i do not know when invidia which really drives the bus on the semiconductors take the semiconductor index from 4911 down to 43, 488. There's like 15% in a matter of five days. Let me make sure of that.

One, two, three, six days. Let me repeat that. This is the semiconductor index. And we tell you, we think it's the most important place in the market. It really does drive a lot of the bus. 49-11 in six days

down to 4288. And in five days, oh, I'm sorry, I'll take it back. In six more days. all the way back to 4772. I don't know. I do not know. We've got 13 pages of earnings this week,

so I do not know. Meta dropped 50, 60 points. I did not know. Google gapped up nicely. I did not know. But Google's already fill in the gap badly, did not know. Microsoft gapped up.

and has completely failed the gap. Did not know. V-shaped moves in the semis and other little areas. I just do not know. What we can tell you right now on an overall basis, before we tighten it up a little bit, on the major indices, what has happened is they have V-shaped back up

only to the all-important 50-day moving. average, where talk about I do not know. Today, at about 3 o'clock, was it? The Dow dropped

like a stone. The NASDAQ was dropping like a stone. And you're thinking, uh, got it all back by 4 o'clock. So I do not know. We're in the middle of range. for a ton of stuff. The Dow is weaker than the rest.

And what we're just going to do at this point, since we really do not know on the bigger indices, we'll let the market decide. I don't often do this, but there are moments in time you just don't know. And I can tell you a couple of times today, I thought the market was going to crap out. Earlier in the day, I thought, wow. and then they were smoking it again,

so I just do not know. Now, taking it apart a little bit now, let me tell you, on one side, NVIDIA is still above the 50-day, was down $24 earlier and finished up $22. Very tough. But in range, remember, these things topped out at the beginning of March,

and now they're range-bound, and we'll see what comes of it. But the semiconductors are driving the bus. Meta, which got killed. Now the EU's on them. Dropped another 11 bucks today. Apple got upgraded by somebody. I don't know what the news was so great.

They had that up. $6.70, finished up $4.20. Better. Tesla, remember, it gapped up on earnings, which sucked. But Elon must promise some things. Robotaxies. okay dokey

I'm never getting in a driverless car just letting you know they announce that China is going to give them I don't know if the word is clearance but on their driverless cars

temporary approval for its self-driving cars simple as that and I'm thinking to myself when I saw the news all right it'll be up a few bucks. It was up $20 on the open. It was up 31 at one time. Finished up $25 bucks on that news. A temporary approval for a self-driving car that may not be out for a couple of years.

Using Baidu, by the way, a China name, I made a lot of, I mean ages ago we did well on, use their software for the mapping and stuff like that, I did not know. And may I state for the record that Tesla's earnings were down 47% revenues were down 9%. But a lot of promises. And hopefully this is going to be good. But robotaxies in China,

and that's what it went up $25 on today. Huh. By the way, that gave it a market cap. higher today, $25 times, wow, $78 billion in market cap, on robotaxies. Okay, I'm all for it. What else? I don't just look at the Philadelphia Semiconductor Index, the Sox. I scan 75 names.

Definitely a better tone on some names that were dead. there was some dead money names like analog devices Texas instruments definitely a better tone I will grant it that and see what comes of it my scans well let me state for the record

the average stock still has crappy patterns the average stock not great and we've had some good reactions to earnings on some names so we think maybe maybe because we got the Fed Wednesday we have 13 pages of earnings this week maybe we're going to get some back in and fill in here before it can go even further but hey anything's possible in a hot money market where a Tesla can go up how many

billions on an announcement of Robotaxi in China really welcome to our world of today I do not know on a lot of these things, but we'll be ready when it shows itself. Now, there's some new yearly highs in the market. Not many. Not a ton. I was writing a couple up as in the midst of our scan. I could tell you an air conditioning company like Carrier, new yearly high. And numbers not so bad.

Just letting you know. And we're going to go through those names. after we're done with radio in our scans and see if we can feel comfortable. And then we have other things today that I do not know. Important names like CrowdStrike. Why does it open up $11 today and finish down? And by the way, it's in a minimal bearish phase. Seeing that too.

So again, a very much no-trend, V-shaped, mix bag of whatever you want to call it. Our simple goal is to find the big leadership that decides to come out of this. Like Chipotle. That broke out on earnings Thursday again because they're selling a lot of burritos for a much higher price than they used to. By the way, they admitted, hey, we're making more money because we're charging more. by the way, welcome to the world of the inflation.

That continues. So, yes, a bunch of I don't knows, but out of I don't knows will be big opportunity because I don't know. I do not know means we're range bound. We're backing and filling. We're going V-shaped. I could never have predicted that we'd V-shaped back up after an $84 drop. two Fridays ago and the semiconductor index getting trashed.

But then we did not know that Google and Microsoft at Meta would announce 60 or 70 billion in AI going forward. That was just Meta, by the way. So the comeback. Back in range. We'll see what comes of it. Much more up next on this one only, Investor's Edge. Hello, hello, I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of research, Jake Embatta.

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. 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 where, when it will mature. Right? Yeah. My cell phone is a mature technology at this point.

How far are we from that point with quantum? 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. 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 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, ORA-Ida, Silk, Capri-San, 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. You're listening to... What are we waiting for? What are you waiting for? One, two, ready, go. In the Gester's Edge. With Gary Culpa. Boy, didn't I cover a lot in one segment?

Because I do not know. Other movers today, Domino's Pizza. And to give you an idea how, this ain't easy. They opened Domino's Pizza today. It was 540. By 1025, they had it at 508. They finished it at 527. But strong stock.

Restaurant group? A few of them strong. A bunch of them not so strong. Actually weak. But wing stop that reports this week. Texas Roadhouse, Shake Shack held a 50-day, sweet green, a salad joint. We mentioned Chipotle. And this Kava place that sells a lot of hummus, I hear.

I've never had hummus. I will never touch hummus. Isn't it like? What is hummus? Like peas or something? No, that ain't happening. No thank you. I've never touched broccoli.

Cauliflower, beets, Brussels sprouts, I'll add hummus to that. Just one of those things. There's certain things, you know, we all have our little food thing mobbs. I don't know how anybody can eat cauliflower and broccoli.

spinach, no fan But I do get the spinach and feta wrap From Starbucks Because I can knock the spinach out Because the rest is pretty darn good Beats Dwight Shrewd of the office would be pissed off at me That I would not touch beats but such as life

And Brussels sprouts What the hell's a Brussels sprout? Yikes Help me So, yields came down today. Oil prices came down today, but oil stocks are okay. Gold was kind of flattish. Advanced declines are pretty decent.

The small caps are coming on again because they're insane. The small cap indices are just insane. But for me, the big story is follow the semiconductors. They are really driving a lot of the bus. We'll see what it happens. In the Dow, we mentioned Apple Tia. Amazon, they report tomorrow after the close, and Amazon was getting whacked, back above the 50 day a little bit, just range bound going back, 10 weeks, something like that. Tomorrow after the close, we will know a lot more, and again, 13 pages of earnings.

I also do want to mention today, Boeing was up six today. Remember, Boeing is down about since December. Let's call it 100 points, even though it's a little less now. 100 points on the Dow was 678 Dow points. But was up 6 today. I didn't see any news, but they got to figure some crap out. And I saw another Boeing jet lost their emergency shoot as it lifted off and how to fly back? I mean, what the hell is going on? Are they making Boeing jets with

Legos? And by the way, I know people that work there, and they are great people, and let's just say they're beside themselves. They don't want this reputation. They've had a great reputation throughout the years of safety. Next, Caterpillar was up six. After gaping, down, which is actually good to see. A stock can gap down on earnings and can recover quickly better, but still, it's under pressure here. But that helped the Dow today, which was up 146. But may I state for the record again on the Dow, when just not making this up, at about, let's call it 307, the Dow was down 20. After dropping like a rock for 10 minutes. S&P up 16, NASDAQ 55, About what, three-tenths or a percent, a quarter percent.

NASDAQ 100 up 64. The NASDAQ was down 30 or 40 at that low after tanking. Transports bounced a little bit up 42, and let me just state for the record that transports are still very relatively weak. Not much going on there. In fact, ew. But tone not bad. Crypto, I'll just state that the Bitcoin,

is trading a little bit below the 50-day moving average right now, but not so badly. Remember what we tell you, below the 50-day you cannot ascend, but does not mean you're going to descend. You could go below and then just hang. Recent big-cap names, we mentioned Tesla doing better, but SAP acts poorly, Oracle acts poorly, Netflix just gaped down, meta just gaped down, Salesforce.com was hit, Costco's trading below the 50-day, booking holdings below the 50-day, Apple. bounce today but still

AMD will they report I believe tomorrow I'm pretty sure that'll tell the tale remember AMD was above 200 March 8th it's 160 today yeah think long term Nvidia just back above

Microsoft very mushy now and very disappointing how it reacted to great reaction to earnings and pretty much is given almost it all back and trading below the 50 day and needs to hold the 400. Google, as we said, big gap up to new highs,

already filling it, not good news. Just stick with the big names, Broadcom, range bound, back a little bit above, and Amazon will be tomorrow. Apple will be Thursday.

I'm pretty sure Apple will beat the number because it looks like an easy number. Who knows how it's going to react? We've heard every day some negative stuff about Apple and China and the numbers and this, that. I have agnostic on it I don't own it

It's been the downtrend And you never know when they pull a rabbit out of their hat They've announced the car And then they stopped with the car And then they announced AI with the max All I can tell you The stock is trading Where it was 11 months ago

And off the highs In fact, by the way The stock is trading where Oh wow Didn't even realize this Apple stock is trading where it was was December of 21. No gains in two years and four months.

Is that right? 22, 23, two years and four months, no gains. And the reason why is simple. They haven't been able to grow their business. Sales have been flattered down for a while. And that's because it's just such a big company and it's tough. They're going to need some new stuff. We'll see what happens.

You have a great evening drive carefully. And when you get home, do like we do, quite simple. Make sure you hug your family. Make sure you hug your children. They will feel better. You will feel better. I promise. Have a great evening, everybody.

I'm pooped. Range bound. Hopefully we come out of it the right way. Until tomorrow, peace out all. 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 Gary K.

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