Investor's Edge with Gary Kaltbaum - REST TIME [08.20.2024]

Episode Date: August 20, 2024

garykaltbaum.com

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VALA through 327. Selection varies by location. All supplies last. 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're here, ladies and gentlemen, happy that you are listening. It's August 20th, 2004. It's a Tuesday. It is the second day of the Democratic National Thingamabob. Yesterday, $6 billion was added. to our debt. Today, $6 billion was added to our debt.

Tomorrow, $6 billion was added to our debt. And Thursday, when Kamala Harris speaks, another $6 billion will be added to our debt. And each day, it grows a little bit more, brought to you by, let's be fair, Bush, Obama, Trump, and the supersizer, Joe Biden. I want to make sure you know that.

Now, I did not watch the speeches last night. I watched Monday Night Raw because I don't believe in watching a bunch of con artists yapping away about what they're going to do for you, how they're going to do it, and just pretty much lie. They're just going to lie. And they're going to lie a little bit more and lie a little bit more. they're going to tell you that in order for you in order for your lot in life

be what it should be vote for me yes me me me me and I'm just tired of it I'm as you know I'm not one of those people that and this is not to put anybody

down who loves a politician who campaigns for a politician I was driving today around here and the primary is coming up so they had signs Trump and the congressman from here who's a guaranteed winner and I appreciate all that. I just have seen the numbers. I believe in the numbers. and for lack of a better way to put it, my hope for a hero has dissipated throughout the years, waiting for somebody to come along to really recognize the things that myself and others recognize.

if you believe in government but efficient and effective government and balanced budgets, you looked at like you're an ass. If you are a Reagan Republican now, you're nothing. It's what can I tell you? I've said to you that people. like Maduro and the North Korea schmuck, they've taken all hope away from the people there. I couldn't go that far because we still have a system here where little old me can start in my business selling penny stocks, have the state of Florida put a big something or other

and name me in there because they saw my name. Get back into the business not knowing anything about markets. Study my tail off to get at least a decent feel for them. Start a little radio show to market themselves in South Florida with my good buddy, J. Black. That gets picked up by the Chrysla Jeep dealers. and taken to a few others, uh, stations,

picked up by a network, get heard by a sister of a producer of Fox News, that you got to hear this guy, get signed on by Fox News, and have been a Fox News business contributor since I don't know how long, and people like you actually listen to me. Anything's possible. In this world, I take that back, in this country.

They still haven't taken that away the ability to climb. But we're sure as hell getting there. So I watched Monday Night Raw last night. By the way, we'll get into the markets in a minute. Because, you know, I love professional wrestling. People used to make fun of me way back because I was a professional wrestling. professional wrestling crazy in the mid to late 70s in Miami Beach Convention Center going to see Dusty Rhodes fight the bad guy. So that was last night, but of course, there was some curiosity.

So I turned it on and the first person I see is the greatest influence peddler of all time with her husband, Hillary Clinton. I think between the two are worth like a quarter billion dollars and have never created a single freaking thing in life. And she yapped away. I lasted about 30 seconds with her. Got no use. I forgot who else I turned it on for it. I lasted one minute because they said something kind of vile.

Oh, it was a lie. And I did not see Joe Biden. I hear. So not only did they kick his ass out before McCu, threaten him. I hear he went on like in the 11 o'clock hour. Talk about taking the guy out of prime time. I heard they put on some pro-abortionists, not taking a stand, just mention it. Instead of putting him on prime time, tells you everything you need to know, while they were saying how much they love Joe. Imagine. They give him it up yours, and then I love you at the same time as he's kicked out the door.

But of course, video shows up. And I watched a couple of little takes from Biden. And as usual, just plain lying Joe. It makes Trump look like a truth teller. But something stood out for me. As you know, I'm Jewish. As you know, I love Israel. I love the Jewish people.

As you know, I've been there. As you know, we have told you the lies that of the apartheid and all that occupation is all a lie. About them being aggress as a lie. About their being racist is a lie. The people that are saying that are the ones that are actually that. and Joe Biden brought up the

Hamas-loving, terrorist-loving scumbags that are out in Chicago with I-love Hamas signs and I see a video where Joe Biden said something to the effect of I get your point and of course that's him

touting to the whatever side that he's got a coutout to, I must tell you as a Jew, but also, do you remember how they blame Trump in Charlottesville for what he said? I was waiting for the media to rip Joe Biden for the anti-Semitism that's going on outside of the convention in Chicago. The media ripped the stuffings over Donald Trump for what he said at Charlottesville, even though they cut half of his quote, not a freaking word from the media about Joe Biden saying that anti-Semitic racist schmucks that have signs loving Hamas, terrorists that murdered, raped, took hostage, blew up,

From little babies to the elderly, they have a point. And the media said nothing, and they let it sit. If I ever saw Joe Biden, I can't do it now. Well, I guess he gets secret service for life. If I ever saw him in ice cream shop, I'd walk up to him and say, President Biden, for what you said about pro Hamas at a point, I'd like you to apologize to me right now. for saying that, I'd be right in his face.

And then, of course, Secret Service would take me down and throw me against the wall. Anyway, that was my last night with the convention. No thanks. Up next, the markets. And whatever else I can think of. 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.

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Price does not include City of Seattle's sugar, sweetened beverage tax. Visit Safeway or Albertsons.com for more deals and ways to save. It's time to switch on the integrator units. the brain cells working you're listening to hey this promises to be fun investors edge the last bastion of quality programming with gary cult bomb it doesn't get better than this and welcome once again to investors edge can you tell i'm pissed off and by the way Biden did not bring out up didn't even say the word Israel, didn't say the word Israelis, did not even mention hostage. You know what he mentioned? The Palestinians that are being bombed, even though Hamas is hiding in these places.

And even though the scummy media keeps quoting, the Hamas-led health ministry on the numbers, even though there are videos, do you know there are videos of them presenting dolls as being dead? They're showing kids being dead. And then the video they think it ended, the kid all of a sudden Maraxley wakes up and smiling. Who knows how much of that is going on?

Hezbollah is shooting missiles into Israel as we speak. But that's Israel's fault. Anyway, I just want to bring that part up. I will not be watching tonight or Wednesday or Thursday. I heard Barack Obama will be speaking tonight. He was one of the people that led the coups on Joe Biden while he sends out a tweet last night about, oh, we love you so much, Joe. It's so funny to watch.

And I got to tell you, I got to hand it to Joe Biden for one thing. I got to hand it to him. I got to hand it to him for taking it. And moving on. When he very easily could have said, up yours. I'm here to stay. Come take me out. And I think Joe Biden forgot he had the bully pulpit.

I think Joe Biden forgot he's more powerful than Obama now. No, he really is. He's more powerful than Nancy Pelosi. But they pull the strings on the money. And boy, did that just shut down. All right, we'll see how it goes. I'm sure I'll see some video of tonight, but I really don't care because $6 billion was added to our debt today. It's same tomorrow and they don't care and they're doing nothing about it.

And Kamala Harris is now return on investment. Somebody there was a random act of journalism. Somebody actually asked about the cost. Well, it's about the return on investment, which is code for saying, well, don't worry that we're running $2 trillion. deficits. It's the return on investment. I apologize to everybody for not running for the presidency. I would have landslided Biden and landslided her. No, seriously, I'm not being sarcastic. I would have mowed them over in debates. I would have won over all the independence. I think I may have moat. I would have won over a bunch of the left.

because I got news for you. The left, when I explain to them that I will set things up for them to be the best they can be and this is how we're going to do it. And this is what they're doing and then show the numbers. And take a little poster board out and show them what they have done, how they're ripping you off and you're loving this party. I move on. Here's what I do now.

so we've had this as we have explained to you this outlier and you know what the word outlier means it's something that does not happen very often we've had this outlier move both down and up

and I've heard people say we're melting up and I'm saying no we're not melting up We're recovering, but we're recovering pretty freaking quickly. See, normally, recoveries take time. The volatility index back in 2008 and COVID, it took months to get back to the norm. This time, it took days. No, not kidding. So what was it work here beats the hell out of me?

I don't know. but what we do right now is measure. So we've rallied up. Some things better than others. Some things into new high ground. Some things above moving averages. Some things not. But no indexes breach the highs and some are still pretty much off the highs.

Well, for the first time since this recent low, Tonight in my webcast, I'm going to show the peeps what ain't. And what we mean by what ain't, what stocks are still in downtrends slash bare markets. And we've already done our scant. We can safely tell you one of the areas we've been telling you to avoid, which is just plain old bearish, is the oils. and they were rocked today. The big refiners are like a new low ground.

That's an easy one. Now there are a few oils. I mean, there's probably three or four hundred oil stocks in the market. There are a few oils in the pipelines that are at near high. So they're an outlier. But for the most part, oil's terrible. I can also tell you airlines wouldn't go near them. they're bearish for whatever reason they're just in bare markets i can tell you something like a

marriott which is rallied up from 204 to 220 it's in a bare market bearish phase patterns negative so what i'm going to be doing tonight is going through oils the weaker semper semiconductors, and may I state for the record while the semiconductors have rallied up, the socks is still at 5196, the high was 5931, and of that rally up, there are a bunch of things that just look like crap. We'll show that. We'll show steel and metals in mining. We'll show a bunch of the transport names. Some of the truck. and the rails. We'll show some of the retail bare markets.

And very simply, the goal now is to separate. We're not sure what's going to happen from here. We told you yesterday, oh, we're overbought. We pulled back today, but it was a minor league. Up next, we'll further the thought process. I'm Gary. This is the one only investor's edge. It's no use putting it off. The best time for an underwear refresh is now.

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

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to Investors Edge so the first time tonight in a few days and we look at everything every night but we're gonna accentuate tonight the what ain't what names what areas what eight. And let's assume we know what bearish phases and downtrends look like and how they act. And there's still a significant amount of what ain't. Why? Because we have a recovery off of a trashing. And there's more work to do to get going. To include a lot more. We have an idea. Where the leadership is, where the strength is, the good charts are in, believe it or not, the consumer staples, utilities, but other things no doubt have been coming on. The job also, after this rally, what's breaking down already?

What's going by-bye already? We'll only know that not in a day, but in days. I've noticed a couple of financials here and there a couple of the big banks down 10 up four

down six up three and now starting to roll over we'll see I must tell you I always say to you I'm open to all outcomes but after this outlier move I really mean that

but from real time and looking things at real time in the here and now, tonight, when I'm all said and done, I'm definitely going to know what we don't want to be in. And then we'll see what starts to emerge better, what decides to submerge worse. There's also a lot of stocks in what we call no man's land. And what we mean by that is, I'm not going to mention the stock, but I have one here that went from $468 down to $385 in four weeks. On the day it hit $385, it closed at $395.

That would be that reversal Monday. And from there, it's gone from $395 to $424 in two and a half weeks, but still down from 468. the question is going to be and we're not going to have the have the answer so easily is it going to hit a wall and a lower high as we call it and start breaking down or is it going to continue to try and build these stair steps up repairing a lot of the damage that has been done the answer we're not going to know so quickly that'll be in time. We'll get a feel for it in time. I just want you all to be careful. I saw somebody say melt up

today. Somebody say melt up yesterday. I heard Goldman Sachs just came out. God bless them. I wish they hired me. Goldman Sachs saying that the odds of recession is now down from 25 to 20 or something like that. But I think you need to know the only reason those odds come down is they saw the market up. If the market gets trashed from here, I'll bet you bottom dollars that they'll go from 20 to 40. Market dictates a lot of verbiage and words out of Wall Street on the economy. I just want you to remember that. And we're not saying they're right. We're not saying they're wrong. just be careful

the market's not a friendly place I also got a little bit worried because I had a client email me about a stock symbol ASTS it's gone from two to a high of 39 from May to today closed it 34

they have no sales they lose a lot of money They provide space-based cellular broadband network for Vodafone, Racketan, and American Tower operators. I guess they're developing some stuff. But it's gone from 2 to 39, and I'm being asked, what do I think now? $9 billion market cap. No sales. I don't like getting questions like that.

I don't. It worries me. Froth, speculation, friends. is not a good thing in the markets. And there's a little bit of that going on. Though I'm very happy that that Hello Kitty jackass is back in his litter. What a yutz.

And hopefully not too many people got destroyed by him trying to jerk you all around again, knowing he's a big influence and has a lot of people watching him. Hello, kid. No, excuse me. Roaring Kitty. Did I say hello kitty? Roaring Kitty.

Actually, I'm not even sure what I said, but just in case. And then there's the reaction to earnings. Palo Alto Networks is up $24 today on their earnings. At one point, it was up as much as 31. We scratch our forehead. Earnings the last four quarters, up 66, up 39, up 20, up 5. huge gargantuan deceleration of earnings. Sales, up 20, up 19, up 15, up 12. A deceleration of sales. Yet the stock had a great reaction. Then I had a look at their guidance. Guidance was okay. Nothing

special. What's at work there? Don't know. Just letting you know what the market did with Palo Alto Network. They did announce a buyback. Maybe that did the trick. But that goes on our watch because that had a great reaction. Another one called Fabernet, symbol FN, up 36 today, 15%. Huge volume. Reported earnings and sales, market had a good reaction. So we're always on top of that.

We're at top of news. Netflix. Was up 18 today, finished up 9. Somebody said that their up front ads a double last year. Stock has gone completely V-shaped over a few week period. 697 to 587 to 698. Stunning. An outlier move.

And may I state for the record, I have no clue what it does from here. It went into new high ground today, but I wasn't even tempted to buy it. because of how it's come up. It's 7-11, close at 698. We'll see what happens from here. Definitely strength. As I said to you, the job is to isolate the strength. Definitely the strength.

We'll see what's next. And then the talk, I don't know if you know this, that Jerome Powell's a Jackson Hole. Beautiful place. I don't know if you've ever been there. I have. He'll be speaking from. and everybody's expecting this, that, and the other thing.

My hope is he does the same thing he's been doing recently, and I'm actually complimenting him. Don't say squat. Stay away from the raising rates or lowering rates or this, that, and the other thing. Stick to the economy and leave everything else be. Don't know if he's listening. He actually should be listening to us because we wouldn't have had the inflation we still have, which takes me to Starbucks.

I spent $325 bucks on Starbucks last month. More than $10 a day. That's a nice car payment. What I get is an espresso and a breakfast sandwich. Up next. What did I do about it when I saw that? This is the one only investor's edge. Guys, it's no use putting it off.

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

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

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

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

You're listening to... What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action In The Wester's Edge With Gary Kaltba Okay, so why am I bringing Starbucks up?

Well, we've been telling you here that people aren't going to Starbucks as much because of the cost. And I decided to do my own little experiment and I checked on what I spent. And I'm just thinking to myself, and just so, you know, I do very well.

and I've saved a hell of a lot of money and I can afford it I didn't go to Starbucks yesterday I didn't go to Starbucks today I'm going to delete the app I don't need espresso I can make my own little breakfast sandwich you know what I get

the reduced fat turkey bacon sandwich it's an English muffin with some egg white some cheese which I don't need and a turkey bacon slice I can make that up in three minutes at my home. I just save myself... By the way, that $300 and something is what I've been spending every month.

And I'm just thinking to myself, if I'm doing that, that's what's going on with the Starbucks as well as others. Interesting, huh? I just saved myself $300 a month. Next! Boeing. Holy crap. Anybody know what Murphy's Law is?

it pretty much Murphy's Law is whatever could go wrong will go wrong and hopefully whatever could go wrong with an airplane doesn't happen it happened twice with Boeing planes back in I think 18 and 19 I wake up this morning Boeing finds cracks in the structure of the 777x test jets They were planning to begin deliveries in 2025. They have 500 orders and there are cracks in them. Boeing, which was trying to rally a little bit, finished down seven-a-half bucks today to 172.

The high in December was 267. the high in 2019 was 441. And leave no doubt, 100% certainty, Boeing wants to get this right. But what the hell is going on? This is, I think we've read a bunch of times now about, well, they lost a door on one of their flights. wow. That's all I can tell you is wow. Also, the FAA yesterday adopted airworthiness directive for 787 Dreamliners following March incident when Plant went into mid-air dive when a plane that says Plant, duh. Anyway, I get asked about Boeing many a time. I think you know my answer about the stock.

leave no doubt if they can ever get past this stuff I think it would be a major league buy no thank you at this juncture no thank you very much I thought I'd bring that up today because man oh man

Murphy's law it's like every month there's something new with the company I hope they get their act together Eli Lilly on the other end was up $28 today as they put out a report that came out, that their drug is really decreasing diabetes, amongst other things. And of course, when somebody loses 100 pounds, certainly that will decrease the potential for

you to be ill, have disease. I've always wondered how people get to that point. you know, nobody ever is born, you know, very much overweight. Always think about that. And always great to see when you go to the gym somebody that's ended in that position doing something about it. You may want to read up about overweight and how it affects your heart as you get older. It's quite instructive. And that's why I've never understood people smoking a lot of cigarettes either.

All you got to do is Google what a bad lung looks like versus a good lung. That should scare you straight. Just little tidbits on today's show of Investor's Edge as we await some more lies in speeches tonight. And again, I hate saying that, but they continue to prove themselves well. As I said, Obama's going to speak, and I can't ever forget, Obamacare is going to lower your premiums, even though we're going to get rid of pre-existing conditions and put millions of people on there.

A lie. And even though there's a video of Jonathan Gruber, one of the architects said, we had to lie to the American public, and we got away with lying because the American public's stupid. That'll be Obama tonight. Yay. And that all said, you have a great evening drive carefully. I'll be on Fox Business Network 1 p.m. hour tomorrow.

Check it out. 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. Stay well, be well.

And Serenity now. Good night, all. This has been Investor's Edge with Gary Cultbaum on BizTalk. To listen to past episodes or to get in contact with Gary, go to Gary K.com. That's Gary K. Guys, it's no use putting it off. The best time for an underwear refresh is now. Tommy John underwear is designed for a perfect fit that stays put all day.

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

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

Your wallet, terms apply, lounge access is subject to change. See Capital One.com for details.