Investor's Edge with Gary Kaltbaum - THE DEBATED WEEK IN REVIEW [06.28.2024]

Episode Date: June 28, 2024

https://garykaltbaum.com/

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That's Tommyjohn.com, code comfort. Tommy John. Comfort perfected. 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's Friday, June 28th. It's 2024. And it's weekend time. Hope you having a good day. Hope you're going to have a good weekend. I was supposed to be on a flight to Wimbledon today, London for the weekend, Wimbledon next week. But we took a pass as my son and my daughter-in-law are due to have a baby any day.

And we are not going to miss that. So Wimbledon will have to wait until next year. Well, ladies and gentlemen, you know what we're going to talk about out of the get-go. You know what happened last night. You know that we have been ones that have really not gotten into age and what you saw last night. What we have done here is talk about policy. I put out a tweet last night, some to the effect of, I don't care if Joe Biden was 150 years old. The problem is his policies, and we have outlined them for you.

Whatever you came away from the debate last night, it really does actually pale in comparison to his night. marriage mortgaging of our future, the lying about it, and the complete cover-up by the media on it. You can do debates and screw them up. You can do debates and have good debates. But if your policies suck and especially policies that could give you stimulants now but withdraw later, therein lies the problem. So let me do a again, one more time, the problem. This president came into office and unwound all the Strictor. Notice I didn't say perfect, but stricter border policies of Trump. Majoris, the head of Homeland Security, there's on video. You can go look at it now of him

thrilled with them getting rid of, I think he may have said, hundreds of Trump's border policies. and what we got from that is a porous open border that has huge problems to it. Number one, the cost. You have people being moved around, Americans moved around while these that are coming in illegally, they're being taken care of in many a city, housed, health care, food, checks.

Who do you think pays for that? We do. Unknowns. And this is the bigger story. They have admitted they don't know who's here and where they are. They just got caught a few that very likely could be. they were here for terrorist activities. And of course, they're not divulging much.

Have you heard of the word gotaways? It's exactly what it means. Got away. And now we have not one, not two, not three, but quite the few of the illegals murdering and raping. Young girls. And then there's how many? Have you read the numbers?

Millions and millions. And what they try to do is if you're worried about it, you're racist. But we're not. We just care. Most of us have never had a problem with immigrants. We have a problem with out of control. So the border, the massive increase in government, deficits, debt, spending, scope, reach, control with every way, shape, or form.

This president. And as we have stated, the other presidents passed were no walk in the park. But this guy, who is marketed himself as moderate, is a socialist. He's a Marxist.

He's a control freak. And they do it with massive spending when they don't have enough, they will just go into the outer stratosphere of debt. The outer stratosphere of debt. We have been told that the Congressional Budget Office has now stated we're going to be $56 trillion in debt in 10 years from $35, another $21 trillion of debt. He put us on this path. Of course, others did also, but the big path is this guy. And we all know if the CBO says 56 trillion, it's going to be 65 or 70.

The giveaways, we're going to give away $150 billion. Who gives a crap? They've made that into a footnote. What's $150 billion? When you're carrying $35 trillion of debt, who gives a crap? So it's $35.150. Afghanistan. We keep being told how much.

they care about women, but the Afghanistan women, the Afghani women, are in the dark ages. They're treated like dirt on the ground. And we left it that way, on top of billions of dollars of artillery. I can talk other foreign policy boondoggles. I can tell you many other things, but I think that covers enough. And then there was the debate. We'll let you decide on what you saw. we're not going to say another word about it but the other part we're going to say about it is the media you see the media's first reaction was holy crap this sucks get rid of them get rid of them get rid of them get rid of them get rid of them get rid of them

we turned on the other channels you know the friendly channels we taped it get rid of them get rid of them get rid of them get rid of them get rid of them and then they had a talking to you know what the new line is Trump lied the whole time in Biden. He had a cold. But I have news for each and every one of you. Biden lied the whole time last night. So not only did you see what you saw, he lied about every...

He said he's a six handicapped in golf. Now that's not going to affect anything. But he said he created 15 million jobs. and we all know that's a lie. He's including COVID. He lied about Trump's record, not including COVID. He lied about the border unions backing him and endorsing him. Do you know the border union came out after he said that and said,

we'll never back this guy? He lied for 90 minutes. Yet the media is now out. And just so you know, they all have meetings together. They're all using the same version. garbage. Trump lied 100% of the time, Biden didn't. But we're telling you the truth. He couldn't even keep his lie straight. You know when we tell you about how we teach your kids? If you lie, the problem is you're going to have to remember the lie. And then you're going to have to

cover up for the lie. And then you're going to be found out as a liar. And then you're going to have a reputation of a liar. He's been telling us that when he came into the president, see, inflation was 9%. No, it was 1.5. Last night by accident, he came, he went and said, inflation was low when he came in. He forgot about his lie. But the media's already dropped that. So we're just letting you know, regardless of what you hear, we don't think he's going anywhere. We don't think he's going to be replaced. We believe they've already gotten around each other and said, we are going to fight this and that's it

up next we'll put a bow tie on it then the market today weird day I'm Gary this is the one only Investors Edge Hi I'm Gary Kalpom 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 888422-5-5-9. That's 888-4-22-5-5-9.

Investment Advisory Services offered through Colbaum Capital Management. 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-drop fly is a game-frey. 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 Capital1.com for details. This episode is brought to you by Spreaker. 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's swears are the next big thing. Even better, Sprinker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more microphones. Start your show today.

at spreeker.com. Sprinker, because if you're going to talk to yourself for an hour, you might as well publish it. 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. Let's finish it up. Notice I haven't even mentioned Donald Trump. And I'm just not today. He's not the president. This guy's the president. You saw what you saw. He also said he actually put down tax cuts.

He said Donald Trump's tax cuts will bankrupt the country. Or bankrupt the country. You keeping more of your money will bankrupt the country, but them spending us into oblivion will not. This is what I am talking about. the worst ever and by far and just letting you know the media is circling the wagons they're going to cover for him big time after initially they they had no choice you got obama already out and don't forget about obamacare go look up the video of jonathan gruber one of the architects saying that obama the administration lie to get it passed We knew it was a lie.

You're going to lower premiums? Yeah, sure. So the media's at it. They're playing it as, Trump was terrible the whole time and he lied the whole time and Biden did not. Well, they're lying, as usual. And all I know is we know what we'll get for the next four years if Joe Biden's the president on the economy.

And especially if he gets the House and the Senate. Massive debt, massive deficits, gargantuan tax increases across the board. More control, rules, regulations, fees, fines, mandates, and giveaways. And I can go on. And notice, I have not even mentioned his performance last night. He said no soldiers have died under his administration, staring straight in the face with 13 in Afghanistan and a few in Jordan.

Gold Star families came out and ripped him for lying about that. As always, you get to decide. As always, we play no favorites. As always, we believe in we the people. As always, we believe we're the driving force. not them and you have somebody in the White House that believes they're the

driving force and every day right now speaking of crime I'm reading stories and I'm just looking at this here just one that every day I'm reading one or two or three or four

that a Haitian migrant and illegal accused of raping a 15 year old at a Massachusetts shelter was just released on bail, a measly $500 bail for raping a 15-year-old. Despite a request from federal immigration officials to please hold this guy, prosecutors were begging for much higher bail,

and you had somebody that said, screw the citizens. And if he rapes again, tough crap wouldn't happen under a cult bomb administration. I will promise you that. And the rape was of a disabled 15-year-old girl. I'm reading about

every day something like this. And the man with the bully pulpit never says a freaking word about it. And he's got some minions saying, so if it happened one or two times. Their mantra is, oh, the crime on a percentage basis is much worse from Americans than the illegal. That's the answer. So on top of you saw what you saw, which I don't care about. But we knew was out there. We're not going to be

able to afford another four. Now, we don't know what we're going to get from the next guy, but we know what we're going to get from this guy. And he stated it's such. The proposals are out there. The evidence is there. The receipts are there. And then there was last night. That's our take. If we left anything out, it was by accident. We segue. I must tell you that, uh, everything we do here in the markets has to do with the markets showing us the way, taking us to certain places. It's done by a very time-tested roadmap that is never foolproof, but has really shown us the way.

We pride ourselves, and we mean this sincerely, of knowing what bear markets, we're starting with the bear, look like, and to never be in bare markets, first and foremost. The second part of the equation is we're always looking for what we call launching pads. These are stocks that are coming out of range, and what we mean by a range, they've traded between two points for a good long while, have good earnings and revenue growth or great earnings in revenue growth, and then they bust out of that range.

And you never know, Nvidia, busted out of range and went up 90%. Sat around for a few months, just busted out of range, went up 30-some-odd percent, an example. And of course, we can give a bazillion of those. And then there are moments, ladies, in general. gentlemen, where it gets real random.

Up next, we'll explain the randomness. And much more. I'm Gary. This is the one only investor's edge. 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 pair 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 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. 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's 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 Spreker.com. Sprinker, because if you're going to talk to yourself for an hour, you might as well publish it. We're listening to. America is talking. Investors Edge.

He's got to be pleased with that. The crowd is just on his feet here. He's a Cinderella boy. With Gary Colbomb. It comes highly recommended. You're going to feel better if you talk to him. So, what we mean by randomness are things that are no definable anything. slight downtrends not definable backfill and that just means back and forth and then there's definable

things that have broken out of range and are in uptrends things that are broken down out of range to the downside are in downtrends but I have to tell you in this market right now we're at a moment and I don't say this very often where I'm on my toes. And what do we mean by that? And I say this with, we have made some good gains. Today, the worst areas strengthen, the best areas at the close got raided. Some of the mega cap tech has been acting perfectly, beautifully. and at the end of the day,

and it's not the biggest deal, they hit Microsoft for a percent and change in five minutes. They hit Facebook for a couple of percent in minutes. Apple, which has been acting very well, boom to the downside, while things that not doing much tick the other way. I watched today not making this up in the last 15, 20 minutes. The Dow rallied up 170 points in the last 20 minutes, while the NASDAQ in that same time rallied up the equivalent

and gave it all back at the close while the Dow did not. And of course, that was some of the mega-cap tech. A lot of randomness. The good news is out of randomness always comes out-of-randomness, outcome. And when we do our scans this weekend, we'll see what the outcome is. But at the end of the day today, dang, they rammed the mega-cap tech that has been acting beautifully. Almost, I hate saying the words, picture perfect. And as we go into the weekend, I will tell you that software we mentioned yesterday, had a decent day again today. Off the highs, but a decent day.

I will tell you that financials had a better day today, but nondescript. I will tell you that the steel stocks had a strong day to day, but they've been very bearish. I will tell you the transports had another decent day today, but they have been weak as all week. Not sure that changed. I will tell you Nike was down $19 today 20%

for this company that does 50 billion in revenues on a worsening outlook into new yearly lows it will be one of the examples that we show our peeps this weekend on hey this is why we don't

own the stock we will tell you that Disney Wow You know, it was doing a little bit better And then it gapped down on earnings in May And has done nothing And now it looks to be breaking down again Disney

In the Dow We would tell McDonald's And we're talking rhyme and reason here What restaurants in a brutal bear market McDonald's? Why? If they have to lower price, because of competition that eats into profits and stock price.

So McDonald's, real bad shape as well as others. We had mentioned to you, and sometimes it's the eyesight. The Starbucks we go to, there is no doubt just by my eyesight, looks to be down 25% plus. but I asked a couple in there, oh yeah, it's even worse. I went to three other Starbucks that right around where I live, and it's the same. Starbucks has gone from 108 down to 77 in the last seven, eight months.

And what's the problem, as I have told you? Price conscious. So we tell you that. And as I said to you, the things I used to get for $6.99, are in the nines now. Doesn't matter what I get. And in New York City, it's above 10. Price conscious.

Why do you think all these restaurant chains are doing the value meals? Price conscious, but that eats into profits. Which eats into margins and stock price. The whole rigmarole. Is that a word rigmarole? I think it is. so there's a lot of jello moving on the plate kids and we'll see where the market decides to take us

we'll also tell you that crypto is now in its own little bearish phase trading below the 50 day moving average which is now turning down and now it's some vital support if it gets taken out it shall worsen that's the crypto in spite of somebody saying Bitcoin's gone to 1.8 million. The solars, they got hot for a moment and they croaked. The leading solar name, first solar, if you're not on your toes, as we said, 307 to 225 in about 12 trading days. China not working.

And it was trying. But when you have the two biggest names just being crushed in Alibaba and Baidu, that's going to be rough going. So again, a lot of jello moving on the plate. We've been very, very much more careful and judicious, but they got some of my big gaps today. We're still very much in profit, but dang at the close. Now, guess what today was, end of quarter?

And one could think, okay, they got over-owned. They want to lop them off at the end of the quarter, get me out. Okay. We'll see what happens as we come back in for July 4th week. And in case you don't know, it's three and a half days next week. We're done one o'clock on Wednesday. Thursday is July 4th. Be careful with your fireworks, please.

Have you read the stories? Remember, risk management. I once had a moment with fireworks and lucked out. Don't need to get into it, but you know what I mean. I got a little cute and what was it like not a bottle rocket but whatever oh it was coming at me I ducked so just letting you know dang a lot of jello moving on the plate we'll get into earning season about three weeks but Nike today and of course that affected other stocks in the group to a certain extent but Nike wow

I have yet to do a deep dive on what's going on there, but I'm going to venture to guess the same thing as Lulu Lemon, which has gone from 510 to 298 in six months. That Lulu Lemon, you think this is easy? This ain't easy. I know what they tell you. It's not that easy. I know they tell you to think long term.

It's not that easy. during our webcast I'm constantly putting up stocks constantly that are down 50, 60, 70, 80% and I sarcastically say

yeah, go think long term GameStop and Chewy Chewy was down another two and three quarters today almost more than 9% to 26 bucks down from 39 yesterday

I'll explain that much more this is the one only investors edge 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 VentureX card

VentureX 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 society. subject to change. See Capital One.com for details. This episode is brought to you by Spreaker. 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. and 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 do we wait for? Well, what are you waiting for? One, two, ready, go. Action

In The Gester's Edge With Gary Culpa Well, under the heading of You gotta be careful so that Yuts

with the Game Stop put up a picture of a cartoon dog yesterday and the Lemmings ramped up this chewy stock, CHWY is there a big short position out there

about 20 some 24 million shares on 132 in the float that's up there Chewy's had to do some I don't know why it came off the lows but yesterday because of that it hit 39 it closed at 29 and down

another couple of bucks today the story goes I guess the first owner of Chewy is the guy who now has the biggest position or even maybe owns GameStop. So people try to put two and two together, but people lost their asses if they held on in a matter of hours. And we're going to bring these things up to you every single time because we are determined more than anything here is to try and get you to protect your capital. when things and crazy things are swirling all about.

GameStop is now $24.69. Down from 48 on the second move, down from 6483 on the first. And if that yacht still has his stock, he gave back all his gains. Most of them. And as you know, we don't think he's Robin Hood. We think he's robbing hood. So we want you to be careful. And then with the disclaimer again because we must.

Last night after the debate, there are people all over Twitter saying that Donald Trump stock is going to skyrocket because of this. And we're thinking to ourselves, okay, it was down 11% today, down $3.98, the $3.275. And we just don't want you to forget, and this is not political,

but they have set this up like other SPACs, with valuations beyond the beyond. If they can improve the company, that's one thing, but as of now, at 176 million shares outstanding, and I believe they're adding 14 more, but let's use 176. At $10, it's got a $1.7 billion market cap with less than $4 million in sales and loses money.

Them dogs will not hunt when all said and done, and it doesn't matter me whether he becomes president or not. Valuations will always matter when all is said and done. We have proven it to throughout the years as we have taken on extreme valuations on crazy stuff that has shown up, whether it was Rivian or the SPACs. What was that other one? The space one, Virgin Galactic.

Virgin Galactic. And they just did a one for 20 split, a SPAC that with the split had a cost of $1,256. It's eight. and it wasn't hard to figure out these are the things we want to make sure that you're all smartened up about and knowledgeable about

and also the little things like when we explain to you why is McDonald's stock in a funk well they're lowering prices oh and their cost of employees have gone up in the big state of California Why is Lulu Lemon in trouble?

Well, they charge a lot more than if you go to Target and buy the same stuff. That is how it works. Not 100%. And not necessarily in the short run. But in the end. And the best thing you can all do as investors always be looking around you. I have the, hey, the privilege and the honor to get a lot of, lot of emails from listeners on what's going on around them gives me a real good idea.

And when I get something from Arizona and they tell me about the business they're in and it's down 18%. I'm not going to get in what the business is. I want to know. And when I get something from Sacramento and the business they're in is flourishing, I want to know. And of course, then there's these very unbiased experts that we follow in the trucking industry, in the boating industry, in the oil industry like Phil Flynn, brilliant oil guy, and that still doesn't give us a right to make any money. But that's where the roadmap comes in. Because just because people say something's good doesn't mean the stock's going to go up.

And just because they say something's bad doesn't mean the stock's going to go down. But when all is said and done, market's pretty damn efficient. I know that may sound crazy to you after the game stop and the chewy. But overall, it has a pretty good feel for things. And as we've said to you, we've studied it. There has never been a recession. A good one. Well, a bad one.

where the market didn't react way in advance. So we really do hope you're listening because I have news for you. We're still learning. We're still teaching. We're still thinking. We're still observing. But we live by certain rules. When right, try to let them run.

When wrong, be wrong fast and be wrong small. And hopefully that'll be good enough, adding everything up. Hey, that all said, you have a great weekend. Drive carefully. If you're traveling, enjoy the holidays. 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. Thanks for joining us. Hope we're helping. Good night all. Bye-bye. This has been Investor's Edge with Gary Cult Bomb on BizTalk. To listen to past episodes or to get in contact with Gary, go to Gary K.com. That's Gary K.

Okay.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. 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 VentureX 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 details.