Investor's Edge with Gary Kaltbaum - Record concentration [08.06.2025]

Episode Date: August 6, 2025

https://garykaltbaum.com/

At CVS, it matters that we're not just in your community, but that we're part of it. It matters that we're here for you when you need us, day or night, and we want everyone to feel welcomed and rewarded. It matters that CVS is here to fill your prescriptions and here to fill your craving for a tasty and, yeah, healthy snack. At CBS, we're proud to serve your community because we believe where you get your medicine matters. So visit us at CVS.com or just come by our food. store. We can't wait to meet you. Store hours vary by location. 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 August 6th, Wednesday, 2025. And I really like Hot Tomp. And I really like Hot tamales. You have that hot tamales that like red harts? My wife bought for my son who's in town because he loves them and I stole a few. Just letting you know. Hey ladies and gentlemen, before I do the introductions, in the recent past on this show of your handsome and buffed host, we have taken pains to explain to you how concentrated the market is. That is specifically what we have been saying to you, how the few are really, really, really, really making up a huge portion of the big indices,

not minor, but the S&P and the NASDAQ 100. We have a few things to talk about today. We'll get to it in a minute. But first, this is Investor's Edge. It is serious talk on everything that affects you. We will do markets, the economy, your job, your industry. Anything and everything that comes to mind, the doge that went by the wayside, the massive big, beautiful bill that's too big and too much debt and deficits, but great on the tax cuts and the depreciation type things on small business and things like that.

Good bad. And I must tell you, late breaking news. Late breaking news. President Trump may have a meeting with that slobbering piece of crap running Russia that murderer Vladimir Putin very quickly and I've got to tell you

if he's able to convince Putin to stop what he's been doing for a few years now he will, Donald Trump will get the Gary K. Peace Prize. That would be a major well. Of course, the media will portray it as Putin doing the heavy lifting. Because as you know, they suck. But that's for another day. But that is some late breaking news.

Some other late breaking news is Tim Cook of Apple. is going to the White House today. I believe they're going to have this meeting at 430. Tim Cook is promised to spend $500 billion. This was told us about six, eight weeks ago. And as I said to you that day, that's BS. That's already what they were going to spend no matter what going forward over a long period of time. well he's announcing today another hundred billion

which is never going to be spent but he's smart because he's going to make the president happy and make the president look good he knows that the president will be gone in three and a half years and he won't have to spend it and guess what he's got in return more exemptions on tariffs as we've told you last quarter

Apple paid 800 million dollars in tariffs, tax. This quarter they announced it was going to be $1.1 billion. The president's now going to exempt it. I'm going to say something, and it's actually going to be a compliment, though believe me, it's not going to sound like a compliment. The president would make the Gambinos and the Gatties proud on the shakedowns he is pulling off on companies like Apple

to announce another $100 billion, and I'll give you exemptions. I hate this operation. I hate this process. I don't think any president should be able to, this, that, and the other thing companies on tariffs if they do something good versus something not good. I think that's a bunch of bull crap,

but I've got to hand it to the President of the United States on the shaking down of these companies. And it is a shakedown, but I gather it is a legal shakedown, right? It's a legal shakedown. Why? Because he's doing it. And nobody's saying anything.

the opposite. So good on him, I think. Anyway, amazingly today, Apple was up $10. Excuse me, yeah, $10.36. It's down a little bit in the aftermarket. At one time today, it was up 12 in change. Just that 10 bucks, you're ready for this? Apple increased by about a $150 billion market cap. That's like that $150 billion is more than like 400, at least 400, S&P 500 stocks. And guess what that does for the NASDAQ 100? Oh, you're damn straight. It was a NASDAQ 100 day today. And that's where we're going to explain the concentration.

What have we told you here in recent days? Well, I came up with the new numbers as of yesterday. Seven stocks make up 64.3.32% of the NASDAQ 100. What stocks are those? Nvidia, Microsoft, Apple, Amazon, Netta, Broadcom, and Google with Tesla and Netflix just below. And right after that is Costco. and Palantir. There's your 12. We'll get to the point in a minute. Those same seven stocks, 33.96% of the S&P, which is more wild than the NASDAQ 100 because, well, almost equal.

Think about this. 493 stocks in the S&P 500. are 64% of the index, but 7 or 34? That's insane. And I went through all 500 earlier today. By the way, you can find that. It's slickcharts.com. There's a ton. There's about 100 of them.

If you add the bottom 100 up, it would be like 7%. The whole 100. Maybe not even. So concentration. So let me read off to you today. you ready? Apple up $10.36. Apple is number three in the S&P and number three in the NASDAQ 100. Amazon, which has been very weak off earnings but got defended today, up $8.56 today, 4%. Amazon is number four in the S&P in the NASDAQ 100. It's 7.62% of the NASDAQ 100. Oh, I'm not done.

Tesla has been very weak Got defended at the big $300 mark Up 11 and changed today 3.6%. Tesla is number 9 on the NASDAQ 100 at 3.35% And number 10 on the S&P 500 But I'm not done. Netflix been weak, sold off,

broke the 50 day on earnings Was up 30 bucks today after big being down 25 yesterday. Netflix is number 10 on the NASDAQ 100 at 1.63%. Number 17 on the S&P 500. Big names. Costco. It's been dead.

And what have we been saying to about Costco? Well, we think the issue is nothing's wrong with the company, but it's trading it over 60 times earnings. And they're so big, they're only growing those earnings. Let me give you the numbers the last four. quarters, 610, 8, 13. 60 times earnings, too expensive. So the stock's been dead, but that was up $25 today. Costco was number 11 on the NASDAQ 100, 19 on the S&P. You had a wake-up call on some major league mega-cap names, booking holdings, up $61 now. That's a $5,500 stock.

And some of the strong names had a good day today, but I don't want to talk the strong. I want to talk to comatose and what happened with the market. I'm Gary. This is the one only, Investors Edge. Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investors Edge. We're not just handsome radio people. We manage investors' money for a living, specializing in fee-based discretionary money management. No big commissions, just a fee on the assets that's managed. We also provide a full range of personalized services, including retirement planning, fixed income, and educational needs, all to assist you in achieving your financial goals.

Understanding not all individuals have the same needs, we'll carefully evaluate your personal goals to determine a proper investment strategy. If your current approach to investing is not getting you to where you would like to be, call us to make an appointment for a complementary portfolio review. The number to call is 888-422-55-9. That's 888-4-22-55-9. That's 888-4-2-2-5-5-9. Investment Advisory Services offered through call-bomb capital management. Hi, I'm Dr. Jake Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions

you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomachache every time that I eat and it just becomes like a lifestyle where, oh yeah, you know, I just have a stomachache every day. Or I'm constantly feeling like gassy. and all of those things are not something that generally, if you have a healthy gut, you should be living with. So that's when we deep dive. We deep dive into your medication.

We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change. Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeart Radio. Listen now wherever you get your podcasts. Struggling to see up close, make it visible with Viz. Viz is a once daily prescription eye drop to treat blurry near vision for up to 10 hours. The most common side effects that may be experienced while using Viz include eye irritation, temporary dimmer, dark vision, headaches and eye redness. Talk to an eye doctor to learn if Viz is right for you. Learn more at Viz.com.

OnDec is built to back small businesses like yours. Whether you're buying equipment, expanding your team, or bridging cash flow gaps, OnDex loans up to $400,000 make it happen fast. Rated A-plus by the Better Business Bureau and earning thousands of five-star trust-pilot reviews, On-Dec delivers funding you can count on. Apply in minutes at OnDec.com. Depending on certain loan attributes,

your business loan may be issued by On-Dec or Celtic Bank. On-Dec does not lend in North Dakota all loans and amounts subject to lender approval. 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 Investors Edge. Thanks for being with us today. So with those moves today, the NASDAQ 100 was up 296 juicy points. The QQQ today was up 1.5%.

And you said, one and a quarter percent, no big deal, but it was up 1 and a quarter percent. And what's the issue? with the NASDAQ 100 up 296, the NASDAQ up 252. Well, the issue as advanced declines were negative. New highs versus new lows? About the same. The Russell 2000 and the mid-cap 400, only 2,400 stocks, were down today.

What happened? Today was one of the most concentrated days on the other. upside, I have seen in a very long time where the market took the queue and it's almost like the institutions have this one button that when pushed moves all the mega caps one way or the other. And that's what happened today. Now to take the good side Well they're an influence on the big indices So the big industries will stay in good stead

We'll hang On the bad side Well what have we always told you about things getting too narrow and concentrated You know what we've told you That said I am not seen The big breakdown in the rest of the market that would cause real trouble, though I will say to you, and we've been saying to you, fewer and fewer stocks are

participating, more and more are going by the wayside. And today, in particular, not aftermarket, but today, a ton of blow-ups, a ton of blow-ups from earnings reports, starting with AMD, though I see that as less a blow-up than, but being just very extended. But man, oh man, remember the super micro? Everybody's been touting blow-up. Upstart. Buy now, pay later.

Blow up. And there was just a ton of blow-ups. So just letting you know. underneath the surface, crappy versus the bigs. Not versus the bigs, just not good, and it will be something to watch. But a very, very good day for the narrow few as well as some recent good reaction to earnings. Reddit, Meta, Palantir, G.E. Vanover, Broadcom, Some of the AI names, pretty darn good.

And there were some things that acted well today, off of earnings, not to take away from those, but we're just letting you know one of the most concentrated moved days we have seen in a long while, if not the biggest, stunning. if you own the mag 7 today as they are called is a pretty darn good they were up 1.96 today there's actually an et f for them m a g s and that's the story of the day the doubt was only up 81 and i will tell you between apple and amazon that are in the dow let's see 18 1616 and 48 108 one they were that

was about 115 Dow points. Throwing McDonald's was up nine. McDonald's up nine. Wow. On a whopping 7% earnings growth and 5% revenue growth, which doesn't impress me too much. But nevertheless, good reaction. Do you know I haven't been in McDonald's in I'm going to say 20 years? Do you know in college I lived on chicken McNuggets? I lived on chicken McNuggets. I lived on chicken McNuggets, but I haven't been in McDonald's in 20, at least, at least 20 years. I've never been a fan of the burgers. Love the fries, but never a fan of the burgers, but them chicken McNuggets, I used to eat them by the dozen in college.

I may have to go visit it. Now, Burger King's got the better burgers, if you ask me, and the really crisp onion rings. But I must say, and I don't do fast food often, The cow. Man is that good. And you know, when I'm ever out west, that In-N-Out Burger, they got game.

When I was in Vegas, we went to the In-N-Out that's right on the strip. It was 100 people deep. A hundred people deep. And I mean that. That's how good it was. Anyhow, Dow was only up 81. Semiconductors were down. Small and meat.

midcaps were down. You know it was impressive? The gold miners again. We told you they broke out. You know why it was impressive? Gold was down today. Gold miners were up more than a percent. That looked pretty darn good. But I just want to let you know again, dang narrow. Narrow. And that just means fewer and fewer in what we define as uptrends and more and more reverting the other way. And that's a little bit of today's story, ladies and gentlemen. In a nutshell,

I will tell you better Walmart and the Dow looks like it's turning up and wanting to break out. I got to tell you, AutoZone O'Reilly automotive, real good action, both into new high ground, off of no growth. AutoZone

minus 5% sales growth, minus 4% earnings. O'Reilly, only 6% sales growth but both into new high ground. And by the way, I've ever been the one? I've only been into an auto zone a couple of times. It's fantastic. They got everything there.

I don't think I've been to know Riley. But I gather it's somewhat the same, right? Auto parts. And considered someone on the defensive side. Why? Because in the economy's roughed up, you basically may not buy cars. You may keep cars a little bit longer.

So you need auto parts anyway both stocks pretty good shape and Autozone it's tough to buy it's a $4,000 stock

I'm not a big believer in splits but I think when you get the $4,000 you should split two for one or four for one I didn't believe in the Chipotle 50 for one and we warned you

that that's going to be the high of the stock and it was big splits always bad. Hey, up next, this, that, and the other thing, and whatever else. We got a bunch of news also. I'm Gary. This is the one that only investors are. Hi, I'm Dr. Jake Goodman, host of Beyond the script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into

gut health with CBS pharmacist Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomach ache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just, I have a stomach egg every day. Or I'm constantly feeling like gassy. And all of those things are not something that generally, if you have a healthy gut, you

should be living with. So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change. Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeart Radio. Listen now wherever you get your podcasts. Struggling to see up close, make it visible with Viz.

Viz is a once daily prescription eye drop to treat blurry near vision for up to 10 hours. The most common side effects that may be experienced while using Viz include I. High irritation, temporary dimmer, dark vision, headaches and eye redness. Talk to an eye doctor to learn if Viz is right for you. Learn more at Viz.com. OnDEC is built to back small businesses like yours. Whether you're buying equipment, expanding your team, or bridging cash flow gaps, OnDex loans up to $400,000 help make it happen fast.

Rated A-plus by the Better Business Bureau and earning thousands of five-star trust pilot reviews, OnDec delivers funding you can count on. Apply in minutes at ondeck.com. Depending on certain loan attributes, your business loan may be issued. by OnDEC or Celtic Bank. On deck does not lend in North Dakota. All loans and amount subject to lender approval. You're listening to.

America is talking. Investors Edge. He's got to be pleased with that. The crowd is just on its feet here. He's a Cinderella boy. With Gary Colbomb. It comes highly recommended. You're going to feel better if you talk to him.

So write these symbols down. A-L-A-B. And by the way, you know what? pisses me off sometimes. We were watching this ALAB. It's called Astoril Labs. Semiconductor, all that. It was recovering and for 10 weeks traded basically between 90 and 100. And we're just sitting there waiting and waiting for it to break above 100. By the way, about 102 was exact. I will tell you that on a Friday closed at about 101.5.

But then on Monday opens up at 110. And I was so P-Oed because we're looking at the thing, okay, if it breaks through 102, we're jumping. They open it at 110. Oh, we're not going to touch this thing at 110 now. It's already up 8%. forget it. Well, it closed at 140 and opened up, it was up 38 bucks today on big numbers. Put down ALAB is what we call a big volume gap to the upside to a new high. Next, Ariston Networks,

by the way, we are not advocating, buying, selling, shorting, recovering. We have not bought them as of yet, but they go on our big, big, gigantic, whatever list of big gap reactions to the upside. Arreston Network's A-N-E-T is another one. Big volume, earnings up 38, revenues up 30. Gap to the new high, yearly high, by the way. Oh, and by the way, ALAB, earnings up 238 percent revenues up 150. And the third one that's sticking out for me today, Shopify,

Volume 400% better than normal, and breaks out on a big gap out of a, I don't know, let's call it about six, seven month trading range. Shopify. Earning's up 35, revenues up 31. Again, we are not telling you to buy, sell shorter cover. We're letting you know. We're reporting the news.

Big gaps to the upside off of strong earnings reports that beat the estimates, but also what we call pretty darn good growth. You had one in Palantir in the last day, though it's got a $400 billion market cap with $3 billion in sales, which has me saying, boy, the next bear market, that sucker is going to be a great short. But not right now. It probably goes higher. What else? You had a good reaction in G.E. Vanover, G.E.V. And by the way, today, McDonald's gaped up. How about Wolverine Worldwide?

That gapped up. And there are a few others that you probably never even heard of. Oh, I hate even saying this. The New York Times had a big volume move to new highs today on Earth. earnings. People love lies because they're a bunch of lion sacks at the New York Times. But hey, great move today in the stock. I will not ever poo-poo that, ladies and gentlemen. Interest rates popped up a little bit today, no biggie. Oil prices down a stick. That's fine. We like seeing that. Oil stock's not a good day. Drug stocks, very bad. The president's...

Again, this is the part of the president. What are you talking about? I may put a 250% tariff on pharmaceuticals. Oh, yeah, sure. So that means whatever you're paying now, you're paying $10 for a bottle pill, it'll be $25. Paying $50. Anyway, he's the...

I don't want to use the word childish. But I'd wish he'd clam it up. We know now he's full of crap when it comes to the big... number tariffs. He's paused all of them. He's exempted a ton of stuff through them. He did one on Brazil 50%. Brazil, 50%. And exempted the most important products coming from Brazil. Anyway, again, concentrated as all heck. But I got to tell you, I've made good money in narrow markets. And you know what? The money, flowing into the biggest most liquid mega caps, I'm fine with that. There have been moments in time where I remember right before COVID.

I think I had five stocks. They were all the mega caps and all they were doing was drifting higher. It was a blast. And the same day they all started breaking down, I got out, not knowing what was going to happen from COVID. and they all crashed afterwards. Yeah, yeah, whatever. Speaking of that, did you hear Robert F. Kennedy is defunding vaccine company,

so he's another guy who's just full of crap. Remember what we told you? He's lied out his arse. For years, vaccines bad, vaccines bad, vaccines bad, vaccines bad, vaccines bad. Then he comes in, does the testimony and all that stuff. No, no, no, I'm cool with the vaccine. Now he's defunding vaccine research. He's an ass clown.

got to get rid of him. He should be fired tomorrow. They're painting this picture of vaccines being bad, and I've got to tell you, vaccines have done a wonderful job on so many illnesses throughout the years. And no way, shape, or form am I saying they're perfect? But this guy's an ass. He should be out.

I wouldn't have hired him. What can I tell you? By the way, Trump intends to meet with Putin and Zelensky. I don't know at the same time. At the same time, that would be, that would be, wow. Get the steel cage. Dang. And if I was Trump, I'd sit down with Putin just do this.

So, a ton of your soldiers are dead. What have you gotten for it? And how many more do you want dead? And you get nothing for it. What can we do today that you all save face and get out of this and look good at the same time? And I'll do everything to make you look good. That's what I would do. That's what I would do.

And of course, he'd go tell me to F myself, right? Because he's a communist dictator-murderer. He don't care, right? He ain't on the front lines. If he was on the front lines, he'd care. Anyway, we'll see how that plays out. Yippie, yay, yay, yeah. In other news.

Well, there was some five people shot on a military base today. Man, I got to tell you, I just hate seeing it. There's some... Ride the subway in New York City. And what you will find, there's just a lot of people out there. that have fallen through the cracks and you never know what wire gets touched off,

not giving them any excuses, you know that. And then they do something. And there's nobody to blame. Of course, people fall through the cracks. Anyway, another shooting. We'll find out what it is about. And I hate reporting on it, but it is a fact,

of life. Yesterday, we reported to you that Elizabeth Warren was backing the communist who's going to run New York City. We got a lot of email on that. There was not one that disagreed with me. So it looks like none of you are communists out there. Good to see. Just letting you know. Unfortunately, he's going to win. And by the way, to his credit, Unlike other Democrats, that party that lies about who they are and then they get into their position and goes back to exactly who they are, he's telling you who he is. He's telling you he's a communist. Take it or leave it. Not kidding.

Up next. This, that and the other thing and whatever else. This is the one only investor's ed. Hi, I'm Dr. Jay Goodman, host of Beyond the Script, the podcast where I sit down with pharmacist to answer. the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches.

Like I get a stomach ache every time that I eat and it just becomes like a lifestyle where, oh yeah, you know, I just have a stomachache every day. or I'm constantly feeling like gassy. And all of those things are not something that generally, if you have a healthy gut, you should be living with. So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication.

And then at that point, we can probably identify something that we can change. Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeartRadio, Listen now wherever you get your podcasts. Struggling to see up close, make it visible with Viz. Viz is a once daily prescription eye drop to treat blurry near vision for up to 10 hours. The most common side effects that may be experienced while using Viz include eye irritation, temporary dimmer, dark vision, headaches, and eye redness.

Talk to an eye doctor to learn if Viz is right for you. Learn more at Viz.com. Cashflow crunch. OnDex's small business line of credit gives your business immediate access to funds, up to $200,000, right when you need it. Cover, seasonal dips, manage payroll, restock, inventory or tackle unexpected expenses without missing a beat. With flexible draws, transparent pricing, and control over repayment, get funded quickly and confidently.

Apply today at on deck.com. Funds could be available as soon as tomorrow. Depending on certain loan attributes, your business loan may be issued by On Deck or Celtic Bank. On Deck does not lend in North Dakota, all loans an amount subject to lender approval. You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go.

Action! In the guest's edge. with Gary Culper. And walk once again to Investor's Edge. Let's see what else I saw today. Well, as the yields went up, they hit the housing and housing related today. That's number one. Number two, they beat the heck out of medical again today.

We have told you under no uncertain terms, and that doesn't mean there aren't a few that are strong, but as a whole, to avoid medical. And we have said to you that includes drugs, pharmaceuticals, manage care, big time, the medical research and medical products companies, and again, not all, the big biotech, which means most I think we even came out and said avoid where you get your blood like LabCore and Quest

but LabCore had a nice reaction to earnings and then it died we think the thought process of government payments is doing it that there is no way going forward the payments they have been getting These companies through government are going to be the same.

And there is going to be something akin to some margin squeeze. And as we have told you, whenever margin squeeze is perceived, usually the stocks, no go. So nothing has changed there. This has been going on for a while. You have had crashes. and I'm being nice. You've had crashes in the managed care HMO stocks off of the United Health and all that crap. I would say hospitals also pretty much in bad shape.

I would avoid those two. And we gave you the best example of the problem with the hospitals that I think is going to be addressed. I don't know. It was about 15 months ago. I went in. I think I got there at 7 p.m. Went to the emergency room and I told you and I had a little episode and I was in the emergency room for about 15 minutes. They put me in another room, spoke to somebody.

Felt better six, seven hours later. They let me go. I got a $26,000 bill. And then it came back out of that $26,000. I owed $4,000. And I don't mind paying my bills. But then I looked on the bill that it said $5,000 for outpatient. Huh?

I called up and I said I wasn't an outpatient. Oh, okay. give me a new bill with $5,000 for observation instead of outpatient, so they didn't deduct it. I called back, I go, what is this crap? Also on that bill was $6,000 for emergency room. I said, same time, $6,000 for emergency room. I was there for like eight minutes. Oh, yeah, but.

And then other sundry things, which I don't need to get into, but, but. $26,000 for like seven hours. And I spoke to my insurance company. I'm not going to say who. And I'm like, you know, they're screwing you. And you know, they came back and said to me, well, we're not paying. It's already down to this much. I go, but why would I pay them a dime when this is a lie?

And you know what my insurance said? Well, that'll be your choice. I go, do you even care? Do you even talk to them? Do you even say to them how bad they? they're screwing the patient. And you know, my insurance company said, well, that was the answer. Well, so I think hospitals will be a big look.

And by the way, I can go back to 1985 when my wife contracted an ulcerative chlytis and almost died. And she was in the hospital. We got this bill. And there were $26 for Tylenols. No, no, no, no, no, no, no. That's not a lie. We saw $26 for Tylenols. Oh, two of them.

And they told us, this was the excuse, it's cost sharing. That was back in 85. So we think there's a chance hospitals. And I gather the whole healthcare industry can't wait to Trump is out of office and are praying that the other side gets in. That's what I'm thinking, because the other side don't care about you. They just care about controlling you. Anyway, so there's your healthcare thought process, and until the action changes in the group,

we're staying away from all of them. And again, there's some that are on the strong side. We saw some good reaction to earnings, but we're a big believer in sector analysis. you really need to have a group strong to be in stocks in that group. And that's why when we say to you, well, the semiconductors, a lot of them are really weak, but all the AIs, we actually consider artificial intelligence semiconductors to be their own little fiefdom at this point in time. Because I got to tell you, analog devices and Texas instruments and others look like crap.

So just letting you know how we tend to look at things. It's a lot of observation. It's a lot of hard work, but the whole goal is to be able to recognize up trends and downtrends, bull markets and bear markets, bullish phases and bearish phases and stay the hell out of the way when big trouble arrives. And what we are designating right now is there was a move of foot into the comatose mega caps today and we're wondering if that's meaningful, not sure, but we're also doing right now. This is the biggest weekend number for earnings.

We're just making the list. We're just making the list of all the great reactions, looking at the numbers and saying, okay, fits the bill. And we're done. You all have a great evening. Hope we're helping, drive carefully. 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. I promise. Stay well, be well. Always appreciate you listening. Good night all. Bye-bye. This has been Investors 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. 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. There's zero-chafe thanks to four times more 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. With the Venmo debit card, a taco in one hand, and ordering a ride in the other means you're stacking your rewards. Nice.

Get up to 5% cash back with Venmo Stash on your favorite brands when you pay with your Venmo debit card. From takeout to ride shares, entertainment and more. Pick a bundle with your go-tos and start earning cash back at those brands. Do more stash, get more cash. Venmo Stash bundle terms and exclusions apply. See terms at Venmo.combe.combe slash stash terms. Max $100 cash back per month.