Investor's Edge with Gary Kaltbaum - SOFTWARE SOFT [04.23.2026]

Episode Date: April 23, 2026

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Investor's Edge with Gary Coltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Cultbaum. And welcome once again to Investors Edge. I'm Gary Colpom, I'm your host. A thanks for being with us today. Glad you here, ladies and gentlemen. Happy that you are listening.

It is April 23rd. It's Thursday, 2006. And there are days that are kind of not newsy, calm. Well, I don't know about calm. And then there are days where, as we state, boy, there's a lot of jello moving on the plate. Want you to listen up carefully on what we have to say

as far as certain things going on in Mr. Market. This is serious talk on everything that affects you. The market's the economy, your job, your industry, anything. War, tariffs, scam, shams, corruption, you name it.

Stocks going vertical, stocks going into the basement. Wait to you here today. And whatever else. And if you do not get this radio show in your city, we will post it at garyk.com, also on our X feed. If you don't follow us on X, you should.

Just put our name in. if you'd like to email us, just be nice. Be respectful. And I have an email to go over today that we never name names and stuff, but I'll explain a little bit and you'll get the hint. All right. First off, markets closing in 10 minutes were down 230 and down 260 on the NASDAQ. It was better early.

It was worse. I can tell you that in the day, during the day, there were reports coming out of Iran. Markets really started dropping, I think at one time we were down 600 on the Dow, that Iran speaker, who was seen as one of the members more willing to negotiate, had resigned, leaving. just a bunch of hardliners. And I will tell you at the low of the day, the Dow hit, oh, I didn't realize it hit that far down. 48861, 627 points. We're only down 227 right now.

The NASDAQ at one time today hit 2027. 24209, that's about 180, 442. It's down about 260 right now. And then, of course, it comes out a little bit later. No, not true. Then news came out. Israel's waiting for the green light from the U.S. to resume war with Iran.

Came out, not true. We think. And on and on and on and on. but that's not even really what I want to talk about today because we think one of the things that is most important is when we say to you, I'll give you one of the best examples. We've been telling you that the payroll stocks,

and there's really, there's two we follow, ADP and paychecks, topped out in June, and have done nothing but ride this roadmap down, down bare markets. Big hits. Software. We had told you on November 4th, it had topped out.

When the market put in the low, what was it about 12 days ago, software has rallied up. But there's a bunch of names in software that rallied up, but never broke the bare market roadmap. And for those that do not get our webcasts, the best way I can describe it is let's just say you're on I-95 North and you're traveling up from Miami up to West Palm. You're just going to take that road up. That's all you're going to do. Not deviate, not get off in Boca Raton. You're just going to take that road up. Or better yet, since we're talking on the bearish side, West.

palm down to Miami. You're just going to take the road down. You're not going to stop in Lauderdale. You're not going to stop in Hallandale. You're going to take it all the way to Miami. Roadmap. So in bare markets, in bare markets, you have this roadmap that is the physicality of the market that is plotted on a picture. So software was doing better, but never in bull market mode. and also in comparison to the semiconductors, it's like trying to compare the Dodgers to the Mets in baseball right now. But though the Mets won last night. Overnight, IBM reported earnings. And it's down 20 bucks today.

It was down about 28. But near New yearly lows, IBM. And they said something. about softening in software. And then you had Service Now, and this is one of those bare market stocks. How many days do we come on this show and say, service now? It was down 17% today, $84.93.

They lowered guidance, software. And in case you don't know, it topped out at about geez really didn't even realize it's that bad it topped out at 240 bucks it's $85 so we knew that was coming

but we didn't know the effect they're slamming the living crap out of all the other software names today the names that never broke trend and stayed bearish real bad day new yearly lows for some of them the ones that have been trying and when we say trying Microsoft went from 553 down to 356 and rallied up to 420 when the market recently

bought them down 17 bucks today Oracle down 11 Salesforce.com 17. Adobe down 17. You want percentages. Adobe, almost 7%. Salesforce.com, 9%. Microsoft, almost 4%. Oracle, 6%.

SAP, New Yearly low, down 6% also. Those are the big ones. Imagine what some of the small ones have done. So we're just letting you know that software rallied up with the market they're just

kicking them in the teeth today and off of earnings reports from others and getting kicked in the teeth in sympathy that's that there has been no software stocks in bullish mode

they have been in recovery modes and yeah I'm a little bit on the surprise side that two names are just beating the heck out of. My left screen is beat red today. Palantir software down 11 bucks today. Palantir is down 7.2%. How about APP, which was Triumph, down 6%, down 30 bucks today.

Crowdstrike, which is really tried hard, down four and a half percent or 21 bucks today. I can go on. You get my point. There are going to be other companies reporting earnings in software. We'll see what comes. Microsoft, I believe, is next week, but we're just letting you know. They kicked the living crap.

We actually did a midday webcast just on software, just to show quite the damage. May I state for the record, which takes me to the next part of the equation. And again, we had told you when it was going up and going down that the transport index has been skewed by one stock. So just letting you know the transports today

are down 812 points as we speak. yesterday we're not making this up the high was 24 3825 yesterday it's a 21,000 and 60 as I speak do I have to say that again

this is an index 24825 3,800 points on 24 more than 15% for the index. But we'll do the butt up next on 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, 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 888-4-22-559. That's 888-4-22. 5559. That's 888, 422, 52559. Investment advisory services offered through Coltbaum Capital Management. 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, the transatlantic. sports in real time because it's markets closing in a couple minutes are down 832 points avis renter car is down another 214 points today to 228 down 48 percent that's not even the story yesterday's high was 847 848 to 228 what is that at 70 percent It had a classic short squeeze and once got squeezed out crashed.

And amazingly, just so you know, today transports, Union Pacific is up 22 bucks on earnings, with riders up 15 on earnings, Norfolk Southern and Sympathy with Union Pacific up 23 bucks. FedEx up six bucks. yet the Transport Index got trashed just because of one name. So I'll repeat what I said yesterday. They need to take Avis Budget Group out of the Transport Index about as quick as quick as can be. They won't listen to me.

Anyway, we had to bring that up. Next, well, we just finished. Dow down 180 was down over 600. S&P down 30. NASDAQ 219, NASDAQ 100, 154, the semiconductor index. Holy crap. Up another 170. Why? Texas Instruments up 44 bucks on earnings.

That's why. Which had analog devices up 17 bucks in sympathy. And I'm trying to think if there's anybody after the close that, oh, Intel's reporting after the close. I wonder what they're going to say. Guess what? Intel. Yes, that intel. I got it up 9% in the aftermarket. Already, market just closed. I guess they reported. I'll have to see what they said, but obviously the market liked it. Earnings 29 versus 2. Expectations were only 2 cents. They earned 29 cents. Revenue 13.6. Estimates are, was 12.4. Nice. Nice. So Intel is not going to hurt the semiconductor group again tomorrow.

Wow. Intel. Intel. All right. So we did the software. Semiconductors. Intel in the aftermarket. We do want to let you know Texas Instruments was up a 40s. United Rentals sandbag. The earnings was up 184 bucks today, 22%. On earnings that were up 10%, revenues up seven, not exactly the most powerful. As we mentioned, Union Pacific up over 20. Ryder up 15, both in the transports. Yet the transports again, we're down eight over 800 points

because of one frickin' stock. wild day, but finished okay, and I think Intel helps in the morning, not as if the semiconductors needed any more help. I'm looking to see if anybody else after the closed reporters reports, not seeing much else of import, but Intel, dang. For the day, I take it back, Intel's up nine and a half bucks. Make that 10 in the after hours. 14% as I speak. Wow. It's not even a surprise anymore because the stock has been acting well.

All right. Let's move on. Up meta, firing 10% of the workforce. Just letting you know. 8,000 people. We're starting to see a lot of that. And as I have said to you on this show, Make yourself indispensable if you are working for others.

There is a cultural move afoot. I guess the word's cultural. Move afoot to rarely pair back on man and women power for technology of whatever sorts. Just letting you know. I'm not kidding. I don't know all the talk about AI and jobs and stuff. I don't know. I've heard some companies report, oh, because of AI, I don't know.

All I can tell you, there is a move afoot. I believe culturally in business. And they can always hire back. so you better make yourself indispensable on whatever you do and you get to define what indispensable means simple as that. Boy, the semis are up nicely in the aftermarket. Dang!

Intel! I'm going to have to read that on the airplane tonight. What else? A lot of moving parts today. weed so for the record it nauseates the hell out of me

that the administration is lowering the class of weed as a drug to make it more I guess the word is acceptable I think that sucks I believe it's a

I think medically I think okay medically okay but it is an addictive drug I know a lot of people you know where I'm going with that

you know where I'm going with that anyway not thrilled we got a lot of emails do you think we should buy marijuana stocks and I simply say may want to sell the news

because you do have to ask yourself a question and the question is just because do you think more people are going to smoke because they change the class drug my answer is no so be careful

we told you a very long time ago on marijuana stocks don't do it and I think most are down like 90% from the highs of a few years back. And that was about as big a gimmy as beyond meat. When we said to you, this plant thing ain't going to last. Up next, whatever I can think of. This is the one only Investor's Edge.

We're listening to America is talking. Investors Edge. He's got to be pleased with Dad. 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.

And welcome once again to Investors Edge. Boy, that Intel, another fire on the semiconductor stocks that were already strong. AMD. In Sympathy in the aftermarket, closed at 305, got it at 315. Arm Holdings closed at 204. out of 2-11. Nice. Hey, next. Anybody know who Ken Griffin is?

This has something to do with New York City and where we're going. So you got this guy running New York City, Mandami. Jew hating, Israel hating, anti-Semitic, racist, piece of crap. By the way, as I always say, I tell it. to his face. He says he's a democratic socialist, but he's a communist. In fact, he used language pretty much out of the communist manifesto about sharing the wealth and means of production.

This is his own words. This is right out of the manifesto. I was amazed. I was amazed. Did I tell you I was amazed that he put out a video, they're coming up with this new tax on expensive homes, which is bad enough. Tax this, tax this, tax that. I still have on my wall all the proposed taxes of Kamala Harris. long-term capital gains from 20 to 44 percent, unrealized capital gains, wealth tax,

the Trump tax cuts go by-bye, raise the corporate tax, God only knows what she would have done. But Mandami puts out a video, puts out a video, and names Ken Griffin, in case you don't know who he is, He is a billionaire, hedge fund guy, and he has business in New York City, including a real estate portfolio. They maintain a massive workforce in New York City. And get this, I want you to listen carefully. Employees have paid $2.3 billion in local taxes over the past five years. That's local taxes. The mayor of New York goes on video and names him and tries to shame him.

While Mr. Griffin is in the midst of massively expanding his New York City real estate, he's developing, get this, a 4.5.5.5.000. billion tower on Park Avenue. Guess what, Mr. Griffin's considering getting the hell out of there, taking his employees with him because this yachts puts out of video, and by the way, does it in front of Mr. Griffin's home, this unbelievably successful man. where his companies fund New York to the tune of billions over the last five years, has the mayor, instead of thanking him, giving him the middle finger, the communist middle finger. We'll see how it plays out.

It's amazing to watch, ladies and gentlemen. As I've said forever, two words to start. If able, people, business capital will flow where they're treated best. You've seen it happen. I'm in Florida. We're seeing it all the time. The numbers that have moved from certain cities and states are huge to lower tax states. The disrespect some of these people have for the mean, wealthy people?

I don't know where it got to the point where these communist, Marxists, and socialists believe if you have too much money or make too much money, you're bad. So we'll keep on top of this. We'll see how it plays out. And I'm bringing this up. Listen carefully. Because this party that Mondami is in is winning the House in November. Because our president has absolutely zero discipline

and stomps on his own head every day. And there is a chance they're going to get the Senate. The good news is this president will still be president in those two years, so the left will not really be able to get much done that they want to get done. And you know what that means. They're greasy, grimy, sleazy, slimy hands in your pockets. But after that, you got 28 coming up.

We'll see. If you have a chance, go look at the video. of a mayor of New York, if I tell you he was wetting his pants with glee over his ability to tax too expensive. It's too expensive. We need to take some money out of that. I've never seen somebody so happy going after other people's money. Go look at the video. quote from the spokesperson. It is shameful that he used Ken's name as an example of those who supposedly aren't carrying their fair share of the burdens associated with New York City's often costly and wasteful spending. In doing so, the mayors once again manifested the ignorance and disdain of the elite political class towards those who have been consistently committed to building one of the greatest cities in the world.

and the chief operating officer has raised the possibility that they may not move forward with the Midtown Construction Project, which, by the way, is not underway yet. And again, we bring this up and we elongated a bit. These people on the left are not your normal left. This isn't your normal Democratic Party. They're out to get you. And if you think it's only the rich, no. You know what they do? their policies are to prevent you from becoming rich.

Every time you move up the ladder, they're ready with something else and a higher number. How dare you become successful? Again, we'll stay on top of it and we'll see how it plays out. But the big story right now is Intel after the close and it's got some other semis lighten up like a pinball machine. As I see it, arm, AMD, they're on the move.

Could it be another interesting morning tomorrow? Again, indices were down today, the semis were up. Stunning. Stunning. Absolutely stunning. Those are the five things I had written down. Ken Griffin, the car, software, meta, firing 10% of the workforce, and weed. What a compilation of things to discuss.

Anything else sticking out today? Lulu Lemon. Hmm. Lulu Lemon today was down another. Get this. 13% almost 22%. $1 to $141. Lulu Lemon topped out at, you ready for this number?

How about $516, December of 23, 516 to 141. You can figure out that percentage, right? That's over 70, I believe. Wait till you hear what they're hiring or who they are hiring. That's up next on Investor's Edge. You're listening to What are we waiting for?

Well, what are you waiting for? One, two, ready, go. Action! In the Gester's Edge. With Gary Culpa. So, I root for everybody's success. Everybody's success. I love success stories.

In fact, on my phone, I have this one place on Instagram. which by the way follows everybody around. It's titled, if I can find it again, a visionary, I had it here somewhere. I got to look for it. It has to do with companies and the things that they're doing very well. Love success.

I just have a simple question. Nike. and then we'll get back to Lulu Lemon. Nike stock topped out back in 21 at $179. It's $44.78. Why am I bringing up Nike with Lulu Lemon? Because Lulu Lemon again was down another $21 today. usually you hire a CEO to hopefully turn things around, right?

No, it was down almost $22.12%. Lulu Lemon is hiring a veteran from Nike to run Lulu Lemon. Now, I don't know her. In no way, shape, or form do we have any interest in putting her down? but we're just got to say you're Lulu Lemon and you're going to hire somebody from a company that stock has been destroyed as earnings and sales have gone south. That weirded me out today. More importantly, it weirded the institutions out today and they sold a lot more Lulu

Lemon today. I am rooting for her. I hope she does great things. That's all I can say. That was the weird story of the day. I would think they'd hire somebody from raw stores or five below, whose stocks are doing good and their numbers are darn good. But what do I know?

We'd avoid Lulu Lemon and Nike still. And as we told you, we visited Lulu Lemon a couple of times. My father was a genius retail wise. I'm not. But it just seemed to me, it just seemed to me that what they were charging versus what others were charging, on the outrageous side.

Anyway, we'll stay on top of it. In other news today, the president has now changed his mind again. again and said, well, I got all the time in the world. I don't. That's ceasefire. We don't need to worry. As I have said to you, I don't care what he says.

I'd say it to him. Militarily A plus plus, tactically, D. And they are separate. I believe they miscalculated. everything. I believe they're very lucky we have a great military because

again tactically a lot of weird things and for the life of me to conduct a war on social media I don't understand and there have been days where he has said five different things

on a war on a war fingers crossed hands clasped everything gets done and we get to freaking move on because I got to tell you

no fun lastly I don't know if I have time I got an email from somebody three weeks ago I bought USAR at $17 A week later it was 1450. I was down 6,000 bucks. You kept harping on no sales companies day after day, including this one.

So it sneaks back to 17 and three quarters on a Friday. I get out. It's now 25. Thanks for nothing. So just so you know, that's weird. I don't know this person. I don't manage, I don't believe I manage his money. he bought a almost a no-sale stock, bought it, sold it, I have nothing to do with it, and emails me with a little nasty thanks for nothing,

because after he sold it, it went up another, whatever amount. Isn't that amazing? And he blames me for harping on no-sales companies day after day, which is a lie. we do not do it every day in fact we've been maybe bringing it up once every two or three weeks isn't that amazing

somebody blaming me for a trade they did that I had nothing to do with I love people and by the way this emailer has emailed me quite a few times and I'm pretty sure I've

emailed them back and got along just fine and then he says, sends this doofus of an email. So I was my usual charming self, emailing them back. And that was that. Into tomorrow, Intel's the big story. And I can tell you that a couple of the semis in sympathy. Arm is up 19 for the day now up to 216 in sympathy.

close at 204. AMD is up 14 for the day, up 12 in sympathy, and then there's Intel. I can't wait to do a deep dive on that sucker tonight. I don't own any intel. You have a great evening, drive carefully. When you get home, do like I do, quite simple. Make sure you hug your family, hug your children.

They will feel better. You will feel better, I promise. I'll be on Fox Business Network at 1 p.m. tomorrow. Check it out. Have a good night, everybody. Peace out. 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 GaryKK.com.