Investor's Edge with Gary Kaltbaum - THAT DOW

Episode Date: August 7, 2023

garyK.com or https://garykaltbaum.com/

Hey, it's Ryan Seacrest 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. 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 Coltbaum, your host.

A thanks of being with us today. Glad you here, ladies and gentlemen, happy that you are listening. It is Monday. It is August 7, 2020, 23. Hope you had a good weekend. I did. Just a couple of bad back things. you know them sharp pains we're up to over 2,400 emails from all of you we've had some emails

from some people that have had back problems for 20 years I don't know how you do it anyway I'm determined it ain't gonna stay on me that's all I can tell you I'm doing everything possible another thing I added I go in the pool and I float for 45 minutes to an hour that's my new thing works wonders but then stretch the whole works and a hopefully one day I can tell you it's gone bye-bye. Anyway, hope you had a good weekend. Let's see. What did I do?

I hung. That's basically what I do. I hung. And I'm hoping, you know, I got a business trip to Dubai in, well, business and pleasure in three weeks. And I don't know if I'm going. I'm hoping to. It's just, I took a trip to New York and it, like, killed my back.

Dubai is 12 and a half hours there 14 hours back, though I will be in one of those sleeper seats, I must say. We'll keep you up the date on that. Ladies and gentlemen, last week in the market, bleh. I came into this week thinking, number one, the value area of the market had a rough end of the week but looked okay, was worried about a bunch of tech names coming into the week. Apple break in the 50 day on Friday, Tesla on the verge, a bunch of software names getting in trouble. What I did not think, though, is we'd walk in today and they would just jam the Dow up today. They jammed it up today. Big time, Dow names. Remember, you can move a few Dow names and be up 300 before you say boo.

So we'll get to that, those names, but I'm also going to, we're going to just tell you about 10, 15, names today we're not telling you to buy sell shorter cover we're just going to let you know they had great reactions to earnings and what you do with them you decide but we do let you know that companies they react very well to earnings all things being equal usually outperform the market for a while and sometimes a long while so we're gonna do that and the reason why there's some sore thumbs right now and whether or not they work or not I don't know and that's why we say we're not telling you to buy sell short cover do some homework look them up look at the fundamentals look

at the technicals and decide for yourself it's your money uh and that's that full and fair disclosure we're going to talk oil prices today and whatever else does come to mind but first if you don't get this show in your city this radio show we'll post it at gary k.com we'll also post on our twitter feed uh if you want to follow us on twitter just go to garyk dot com press the button or go to put our name in. And you can email me, just be nice. By the way, Thursday, my good buddy, Gil Morales will be on the show. And as you know, we very, very, very rarely have guests.

But Gil is one of the best eyes in the business. He'll be on Thursday. I'm going to ask to speak about William O'Neill. He was very close, worked for him. William O'Neill passed away. We'll ask him about markets, his thoughts and all that fun stuff. That'll be on Thursday. But I wanted to bring something else up.

You know how I can't stand the national media. You know what I told you how Fox News came about because the national media is just a one-sided, whatever, whatever politically, and it's just absolutely nauseating. Do you remember when, and I forgot his name, there was a big thing between a Gold Star family and Trump and CNN and MSNBC had him on every night ripping the stuffings out of Trump? And I have to tell you, I don't remember what Trump did or said at the time. I don't remember. But man, oh, man, they drove that basketball to the hoop every night, every day. They put the man out front. I forgot his name.

I'm sorry. Today, they had on the hill. Was it on the hill or in California? Anyway, they were in a committee. families of men and women that died in Afghanistan in that just miserable failure of an exit out of Afghanistan. Gold Star families.

And some of the things I heard about Biden, the defense sector, let me put it best. The media didn't cover it. Now all of a sudden the Gold Star families do not matter. Why? Because they're boys in the White House. They're boys in the White House. And I didn't want to get into what they, it was heartbreaking.

They were crying. Some of the things they said about what Biden said, what the Treasury said, the defense secretary, the head of this and the other thing, nausea. And we all know they're bled. that whole thing ridiculously bad. Mistakes were made. But the no contact, the BS, disgusting. But when all said and done, the media didn't even cover it today.

So that's why, do you want to know why Trump is so damn popular with his side? Because the media today didn't cover a single word of the Gold Star Favit. family. While when Trump had his issue with the Gold Star family, again, I don't remember what happened. They covered it 24 freaking 7. And it's irritating. It's irritating. Big time irritating. And you know I don't like Trump. There's nothing I like about him. But we really do believe in fairness. And as I've told you, some of these things that are happening to Trump now, they wouldn't even investigate it on Biden. They've dropped everything on Biden also and his son. eruption run amok. Anyway, I feel terrible for these Gold Star families. Good men and women died.

Mistakes, gargantuan mistakes were made. Bad decisions were made. The media didn't cover today. They didn't give a crap. And it tells you everything you need to know about them. They're full of crap. They're not media. They're advocates of one side.

They're advocates of one side. Never trust. anything they do. Always verify. That's what I do. And the shame of it is they do have good people there, but from the top and from high, they're told, no, you can't do this, you can't do that, you can't show this, you can't show that. Disgusting. That's the only thing I'm going to do outside of the market today. Fair enough. Oil prices. Just want to let you know in case you didn't know. A barrel of oil is up 14 bucks from 68 to 82 in the last month. I'm just letting you know. We consume about 20 million barrels per day. A dollar change in a price of a barrel is $8 billion a year

for a year's time. 14 times 8 is $112 billion out of the pockets. 40% of that is drivers. something to watch very, very closely, while the market had a very good day today. Just letting you know, we follow everything. When I go to the gas station, I see exactly what's going on, and I can tell you, and it's a moving target. There are two issues. The Strategic Petroleum Reserve is at 1983 lows.

That's a problem. And OPEC wants higher prices. By the way, we are producing a bunch of oil. Anybody who says we're not as full of it and they're, you know, stating their side. We are producing. If I was president, it'd be up 50% to 100%. Go look up Permian Basin and see how much reserves we have there. Billillions!

Talk about driving to the hoop. That's what I would be doing. Anyway, just want to let you know on the oil front. It was back down a wee bit today. Oil stocks have been on the relatively strong side. I can tell you the refiners have gotten real strong in the last three weeks. Marathon Petroleum. What's the other one that I was?

What's P? Phillips 66. That's all going on. But as I stated, good day today, good finish. I was worried middle of the day. When they were bringing the Dow down, the NASDAQ was down. But the NASDAQ tightened up by the end of the day, and that's good to see. As you know, I'm a big believer in risk on versus risk off.

And I'd rather see the NASDAQ up and everything else down. So by the end of the day, much better. and what we're going to do is the market wrap and reactions. And you decide. 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 888-4-22-559. That's 8-8-48-4-22-5-9. That's 888-422-5-5-9. Investment Advisory Services offered through Colbomb Capital Management. Hello, hello. I'm Malcolm Gladwell, host of Smart Talks with IBM.

I recently spoke with IBM's new director of research, Jake Mbata. 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 when it will mature. Right? Yeah.

My cell phone is a mature technology at this point. How far are we from that point with Conton? 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. 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, or aida, silk, capricon, 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. And welcome once again to Investors Edge. Thanks for being with us today. Hope you having a good day. You know what I hear. more than anything and I'm not going to mention what or who but don't you hate when you go to a website or you have an account somewhere whether it be a bank or a brokerage and something like that and what do they do they improve it but by improving it they make it worse you ever see that

I'm not going to say who, but man, oh man, I do business with a certain whatever, whatever, whatever, and they change things up in how things look, and how things. They went back like 20 years. I'm going to give my feedback. I doubt they're going to listen. Anyway, by the way, I said to you, I'm an attempt to go to Dubai in three weeks. I've never been there. I heard it's quite amazing. I had to do some, you know, got to do legwork. You, there are a lot of things you got to know.

You don't use your left hand. You can't show affection out public. Well, no alcohol out public. I guess that's the same thing here to a certain extent, supposedly. Certain dress. medicines. You got to watch what I looked list of medicines

you can't take to Dubai. It's gargantuan. And we will do some radio shows from there. It'll be midnight when we tape the show. I believe it's eight hours later. And I hear it's like at its hottest

at the end of August. So during the day, the market opens at 530. PM there. And as you know, wherever I go, I have my screens with me. So at 4.30, I'll be in front of the screens working. And hopefully it's a quiet few days. I'll be there for the Labor Day week. I'll be a couple of days before Labor Day and Labor Day week. We'll report from there. and I'll let you know what's going on there and all that fun stuff. If I go, if my back is in bad shape, I'm not so sure I can do it.

Not so sure. Anyway, where was I? Today's market wrap brought to you by Investment-Models.com. That's Jim Rohrabach, one of the great market timers. No gray areas with the man you're either in or out of the market. But his proprietary indicators, go check it out. investment dash models.com

The Dow was up 407 today. Now let's put it in perspective. It got back. It's still 30 points below the high of Friday. Surprise? Yeah. I didn't like the way it finished Friday. Finished at the low of the day.

That's not usually good news. Keep in mind, in the Dow, the highest price names, if they get good percentage moves, that's going to lift the Dow. As we have told you, Walgreens is in the Dow. I'm going to just round it out to $30. United Health is $510. United Health is 17 times more important. then Walgreens to the Dow's number. Simple as that. If Walgreens went up 10%, 10%, it'd be about 18 points. If United Health went up 10%, what's 18 times 17? There's your number. And what's happening is United Health, off their earnings report. It closed at 447 before earnings in a bare amount.

market it's at 510 that's 63 points in short order 63 get this 63 times 6.78 equals 427 down points that's 63 points represents 44 14% if Walgreens went up 14% be up 23% be up 23 down points. They're 27 down points. Something like that. United Health, 427. Also, Amgen.

Amgen's been the bare market. They reported earnings Friday. Was up strong, was up, if I get the number right. Was up another nine bucks today. Amgen since just Friday morning. 228 to 252.

24 times 6.78. 162 Dow points Boeing no pun intended in flight right now JNJ which got squash last week

up for today McDonald's looked like it was getting in trouble up four still looks like it is Caterpillar acting well up five not the biggest percentage gains but nothing was really down

today except Apple followed through again to the downside today. Offer their earnings gap on Friday, Apple's week. S&P up 40, NASDAQ 85, NASDAQ 100, 132, and I mention that and tell you that the NASDAQ at 1135 today was down 45 points. While the Dow was still up a lot, it was laboring. but then Tesla who lost their CFO

at one time today right at the low hit 242-76 bounce back 9 bucks Tesla's important to the NASDAQ NASDAQ 100 at the low's NVIDIA was down a buck after being up 8 bucks

finished up 7 catching the drift But there's still weakness elsewhere. A lot of the software names in the red today. But Facebook, up another five and change. Google, up three in change. Still above that gap needs work. Amazon, which had a big gap Friday,

but reversed a little bit at the end, finished up two and a half today. And that helped at the end of the day. NASDAQ 100 up 132, transports up 76. and get this to give you an idea what happened at the end of the day, there were more stocks down on the NASDAQ than up. New York 24 to 14, NASDAQ 20 to 22. New yearly highs contracted, but I loved the finish of the day.

We'll explain that again up next. On this, the 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 Mbeta, 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 when it will mature.

Right? My cell phone is a mature technology at this point. How far are we from that point with Conton? By 2020. will 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.

All right, quick quiz for the hiring managers out there. What's worse? Being understaffed or being poorly staffed? Well, that's a trick question, because both are recipes for chaos. Either way, just say to yourself, this is a job for indeed sponsored jobs. get matched with candidates that meet the skills, certifications, and everything else you're looking for. Or go a different way and get no traction. Seriously, sponsored jobs posted directly on Indeed are 95% more likely to report a hire than non-sponsored jobs. It really is a no-brainer. Spend

less time searching and more time actually interviewing candidates who check all your boxes. Less stress, less time, more results. When you need the right person to cut through the chaos, this is a job for Indeed's sponsored jobs. And listeners of this, show will get a $75-sponsored job credit to help your job get the premium status it deserves at Indeed.com slash podcast. Just go to Indeed.com slash podcast right now. Indeed.com slash podcast. Terms and conditions apply. Need to hire? This is a job for Indeed's sponsored jobs. 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, or 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. We'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 Colbub Comes highly recommended You're going to feel better if you talk to him And welcome once again to Investors Edge So as I said to you a second ago Last week was full Of bad finishes

In the market Today was a good finish We love markets to finish well We hate markets When they finish badly. Why do we say that? It's pretty simple. We have felt that institutions really do their thing towards the closes of each day. But more importantly, we have studied it. And typically, bullish phases are full of markets that finish well.

Barish phases have markets that finish terribly. Open up, hot, finish down. Like Friday. Like last week, I think two or three times. So today, good finish. And we also like, we also like that some of our favorite growth names, which were really dead early,

and acting poorly early, finished well. Not breaking out, but finished well. And setting up to do better. That's what we want to see. So, as we said earlier, we're just going to describe things for you. Amazon. On Friday, Amazon gaped up on huge volume.

Average daily volume is 60 million. It did, what was the volume it did? 91 million on, excuse me, 153 million on Friday. But the market was so crappy at the end of the day. It pulled back. It was up 265 today. Gap is still intact. It's still below the highs of about almost one year ago

and still way below the all-time highs of 2021, which was about 188. which hit twice, Amazon. I want to mention booking holdings, the old price line. Weird Friday, had a great reaction to earnings, was up 300 bucks, and then it was only up like 100 bucks, finished up like 220, walks in today finishes up another 169 bucks. Make it 179.

Keep in mind, it's a $3,200 stock, and it has a $10 spread. but very good action in booking holdings. Google on what date was it? July 26, gapped up on their earnings. Acceleration of sales, not a big one, and earnings. Try to move up, try to move out, and then the market hit it last week, came down to about where it gaped and held,

try to rally Friday, and then came down because of the market, Stunk, was up three and changed today. But building a new, what we call range. Facebook. Facebook two Thursdays ago. Gapped up, was really strong, but it was a bad market day, and finished about half of what it made on the gap. But then next day, boom, right back up.

Last week stunk, so they pulled it in, but volume very, very light. and Facebook continues to hold along the 21-day moving average. As long as it holds the 21-day moving average, it's in good stead. A break below takes you to the possible next level, which is the 50-day moving average, which is around 290. Close at about 316. Netflix. That's a little different.

Netflix gap down on earnings. It gapped down. Ran right down to the 50-day moving average. But I want to point out to you, over the last seven days, it's been riding the ascending 50-day moving average and holding every time. And today, when things got weak, had a chance to break, nope, and finished up nine. So that gaped the wrong way, but's getting defended, so I thought it was worth mentioning. symbol A-N-E-T, Arristen Networks. Last Tuesday, really nice gap and has done nothing since.

We're going to watch it. Strong earnings, strong sales growth, it's Arista Networks. It will have to prove itself from here, but very good reaction to earnings. Amgen gapped up on Friday, followed through more today. Go take a look. Warren Buffett. Berkshire. They reported over the weekend up 12 and a half bucks today on volume that was 60% better than normal. It's extended, but that's a strong move for Mr. Buffett. Probably want to look at that. KLAC and LRCX, two semiconductor equipment makers, both gapped up on crappy numbers. Both had four straight quarters of decelerating numbers, culminating in lamb researches, earnings down 32 revenue down 31 why the heck did it gap up don't know we're just letting you know

it gaped up and had a good reaction and maybe the market's looking at something i don't know but we wanted to report to you because really good reaction hope you don't mind united rentals uri first off today on 70% higher volume edged above the old highs of march why am i bringing this up when it did not have a great reaction to earnings Well, just so you know, on earnings day, they gap this sucker down. But finished at the high of the day after it was down bid. And since then, nothing but accumulation. What does it say to me?

After looking things over and maybe the recognition of whatever's going on in the economy, defended in a big way. And today at the close, broke out above the march. Hys, United Rentals, URI, URI, ELF. Did I forget that one? Elf beauty, symbol ELF. This has been one of these stocks that reacts well to earnings and does nothing for 12 weeks.

Reacts well for earnings, does nothing for 12 weeks. It just did it again. And gapped up on Wednesday and is starting to fill the gap now. I don't think there's anything to do because it has an M-O of gaping up and doing nothing for 12 weeks. Just in case, we figure we mentioned, E-T-H. ELF, my bad, ELF. Apple, the other way, gap down on Friday, followed through today, volume heavy.

And Microsoft had that little gap to the downside and is still not recovered, though trying to be defended, but is under the 50-day moving average. And Tesla, it was under the 50-day moving average today. I guess the CFO left or something like that. Well, it was down 10, finished only down 2.5. Just below the 50-day moving average. We'll see if it gets back above. So Microsoft, Tesla, Apple, very bad reaction to earnings.

Netflix also, but Netflix is getting defended. We'll see what the others do, and we'll keep mentioning. But those are some of the real good reaction to earnings, and there are others. I'll mention one more, Macado Libre, M-E-L-I. Had a great reaction on Thursday, more follow-through today. Simple M-E-L-I, South America. And I did not break the highs of May just yet. Did I mention Boeing?

Yeah, Boeing, too. I mentioned Amgen and the Dow Boeing. Real good re-breakout about seven days ago, holding pretty well here. We'll see what happens. Up next, this, that, and the other thing, or whatever else. This is the one only investors 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 when it will mature. Right? Yeah. My cell phone is a mature technology at this point. How far are we from that point with Kondo?

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. All right, quick quiz for the hiring managers out there. What's worse? Being understaffed or being poorly staffed? Well, that's a trick question, because both are recipes for chaos. Either way, just say to yourself, this is a job for indeed sponsored jobs. You'll get matched with candidates that meet the skills, certifications, and everything else you're looking for. Or, go a different way, and get no traction.

Seriously, sponsored jobs posted directly on Indeed are 95% more likely to report a hire than non-sponsored jobs. It really is a no-brainer. Spend less time searching and more time actually interviewing candidates who check all your boxes. Less stress, less time, more results. When you need the right person to cut through the chaos, this is a job for Indeed's sponsored jobs. And listeners of this show will get a $75-sponsored job credit to help your job get the premium

status it deserves at Indeed.com slash podcast. Just go to Indeed.com slash podcast right now. Indeed.com slash podcast. Terms and conditions apply. Need to hire? This is a job for Indeed's sponsored jobs. 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, Oira, Ida, Silk, Capri-Sun, Bavarian Meat, 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? Well, what are you waiting for? One, two, ready, go. Action! In The Gester's Edge.

With Gary Culpa. So you know, we make fun of ourselves when we're wrong. One of my favorites is when Apple came out with the iPod, we said, it's going to be a walk, man. But we also will tell you when, boy, did we nail that for you. So in the aftermarket, beyond meat is $13.90, down from $15.28. Why do we bring this up? What did we tell you?

We warned you. We stated it just based on our logic. Plants! Now guess what? They sell. They sell. No doubt. But at its high of 240 bucks,

the market cap you're giving to what I consider to be something of limited scope and we were right sales have dropped big time they're losing a ton of money i got nothing against it by the way i tried it once i did not like it but i know people that love it nothing against it no indictment of it but just sometimes you think a little bit logically another one, and I have to bring this up because we get asked about it all the time. And you know when I get asked about it all the time whenever every now and then they get moves to the upside? And that's the marijuana stocks. And we just logically said to you, well, there's so many of these companies now.

And the reason why states are legalizing it, they don't give a crap about you, the state governments. You don't give a crap about you. They don't care about your health or your well-being. Not a lick. It's BS. Oh, let's get rid of nicotine, but go ahead and smoke marijuana because that's good for you. Anyway, they did it for the taxes. Believe me, if they can legalize heroin today, so they get taxes off of that, they do it.

But they know they get kicked into you know what if they tried that thing. and some have but we said to you a couple of things you think people want to pay taxes on it really and if you let everybody sell dilution and you know I believe

I think maybe there's a couple of states that got rid of taxes on marijuana because they were hurting so much and then what else anybody can it's freed up now nobody gets in trouble you can sell all you want. You're not going to get in trouble.

Nobody's arresting anybody for it anymore. So if your buddy Biff around the corner has better stuff and is cheaper, and he'll come deliver like Uber eats, and guess what? I remember one of the favorites was Aurora Cannabis symbol ACB. It's gone from 150. It's 54 cents. We just want you to remember these things because we're always looking out and careful about fads. Now, fads in the stock market can make you a crap load of money.

I remember four kids entertainment. My kids love the Pokemon. And I'm not buying this four kids entertainment. It's a fad. The stock skyrocketed for a year before going to. So fads are good as long as they're going well. But when they blow up, just go ask the NFT people. So that's another one.

So bad on the iPod, good on the marijuana, good on the Beyond Meat, you know about Rivian, which by the way now, their sales is skyrocketing. The amount of money they make, they just still lose a ton. They had no sales a couple of years ago. Last quarter they did $661 million. Now keep in mind, a bunch I do believe is Amazon. they're in partnership and they promise to buy like a hundred thousand of whatever they sell just keep your wits about you it's the most important thing you can do and if you haven't learned that from the last two years from everything that blew up in the meme stocks just be careful don't be the last

one in and i say that telling you up front if you can catch these things before they get going and just there's a lesson that just happened we we were yelling we're yelling at you about Public Square, careful. They ran it from 10 to 35. In three days. It's two weeks later. It's 10. Some jackasses have been going on TV,

giving out AI bull crap. S-O-U-N. Goes from two and a half to five. Because the guy's on TV. It's now two. G-S-I-T. Another one. Out of nowhere goes from three to nine.

It's back to three. Be careful about the tout BS artists that maybe do investment banking or have a bunch of it. Quality. Meat. Not beyond meat. You need quality. You need meaty. Again, though, nobody's telling you not.

Just be careful. And if something has gone from 10 to 50, don't be calling me and asking me if it's going 100. I do get that. So just be smart. The best stocks are the ones where in your mind or in your sight, you're seeing people around the corner. If Taylor Swift was a stock, she would be the largest market cap in the world. You got that? People clambering for her tickets at high price.

That's what we mean. Remember that. Have a great evening. Drive carefully. 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 one, everybody. Not sure of TV tomorrow. We'll see you same time radio. Peace out all. Bye bye.

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