Investor's Edge with Gary Kaltbaum - THE MEGACAPS [12.11.2024]

Episode Date: December 11, 2024

https://garykaltbaum.com/

At CVS, it matters that we're not just in your community, but that we're part of it. It matters that we're here for you when you need us, day or night, and we want everyone to feel welcomed and rewarded. It matters that CVS is here to fill your prescriptions and here to fill your craving for a tasty and, yeah, healthy snack. At CBS, we're proud to serve your community because we believe where you get your medicine matters. So visit us at CVS.com or just come by our family. store. We can't wait to meet you. Store hours vary by location. Investor's Edge with Gary Coltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Coltbaum. And welcome once again to Investors Edge. I'm Gary Colpom,

your host. A thanks of being with us today. Glad you here, ladies and gentlemen, happy that you're listening. December 11th, Wednesday, 2024. Hope you're having a good day. I had somewhat of a good day, but I had one of those nights where I did not sleep, and I'm the greatest sleeper of all time. I put my head on the pillow. I am gone. But Winston, my precious dog, decided to try to hang with me all night, cuddle up to me all night. Yep. I was watching reruns of the Big Bang Theory to 1.30 in the morning, which, by the way, I think I've watched every episode about 400 times.

Anyway, but we're okay. Thanks for being here. In case you don't know, this is Investor's Edge. This is serious talk on everything that affects you. Of course, we will do the markets, but we'll do all the things that affect the markets and the economy and your job and your industry. And we'll do the election and the election outcome and the new proposals and the new people that are being brought in.

And we'll talk about the people who thankfully there you know what's are getting out. And I seriously mean that. Nothing personal. I don't know these people personally. I just think they are terrible running the country. And of course, everything else under the sun that I think matters that we want you to know about, whether it's scams and shams, where you can save money. We have done shows on travel. In case you don't know, I'm a travel genius. No, really. In case you don't know, I'm a travel genius. I can find you if you fly to Europe or Asia or whatever I'll find you so many cheaper flights

I just know what I'm doing I almost was thinking about starting the business but I don't have the time and if you do not get this radio show in your city we'll post it Gary K.com we'll also post it on the podcast apps so you can't miss it we'll also post it to our Twitter feed which is now X and if you don't follow us on X you should and I still don't get it because before Elon bought X, it was Twitter at the time. I once had 90,000 followers.

And then overnight I was down to 30. And it was right at the same time where I said Bernie Sanders' economic policy is communistic. And they shut me down for a night. And a week later, I'm missing 60,000 followers that I never got back. And I don't really try that much. I don't really market it that much. But anyway, that's the story. And if you'd like to email me,

just be nice. Not like the guy who called me Hitler. Anyway, every now and we're going to start a little bit differently because a few things bubbled up to the top today. Owen will get to the markets because boy, oh boy, there is a lot of jello moving on the plate today. I have to start. first and foremost, with more praise for Amazon.

They're amazing. I don't know how they do it. My latest, just so you know, every year, I get these dayminders. They are, you open them up and you have, let's see, I got January 1st. There's a Wednesday, and it's by the quarter hour if I want to do that. or I just want to put notes in there. It's one of those day-minded things, and I bought two of them, and I went to the website of the company that sells these,

and I'm not going to give out the name, but they were charging $83 for each one, which I would think is insane, but up there they say but a 20% discount, so it's really $65, something like that. Amazon, same thing. 30, 30. And when Amazon delivered the next day, which was today,

it came in a Staples box. But if you go to Staples, it's 50. But I paid 30. I don't know how Amazon does that. But man, oh man, every time I need office supplies, now I check on Amazon and they are cheaper than everybody. You know what I just got, Whiteout? I don't get the white out that you strip away.

You know why? Because it always breaks. You know what I'm talking about. The white out with the little strips and you roll. little long. That to me is a scam because it always breaks. So I get the liquid. I paid 50% less than if you go to the store on Amazon. They're amazing. Boy, Bezos-nataled it. That's all I can tell you. Next. So as you know, we've been covering the murder of the United Health guy and we've been trying to put it in the terms of the markets and the business of these managed care companies like United

Health, which we want to do for you, but also it's the human side of it, which we just don't understand. We don't know how Jimmy Kimmel can go on his show last night and joke about it and show text of his staff and laughing about a man who was murdered in cold blood shot in the back by a freaking coward who's now going to live in a six by nine cell

the rest of his life and you know how he was joking about how his staff was saying how sexy the murder is and good looking is and what great shape he's in and I'm thinking to myself, I'm sure Jimmy Kimball's a nice guy, right?

I think he's probably a good guy, a good husband, a good father. I don't know him. I've never met him. How do you find any comedy in a man's murder? And then there's people like Elizabeth Warren that Marxist, that Marxist fraud. You can only push people so far. What? I don't know if you know this. This murderer lived a life of luxury.

His family is wealthy beyond wealthy. Graduated at what Ivy League school pushed so far to shoot a man in the back in cold blood? What the hell's a matter with Elizabeth Warren? Do some of these politicians have to make hay on every single freaking thing? There's no story here except this stupid sleazy slime ball prick murdered a man in cold blood like a coward that he is did not face him. He shot him in the back. And that's the story.

Nothing else when all is said in the... done. Oh, you can only push people so far. Oh, you don't like our health care system. Let's kill the CEOs of all the health care companies. Oh, sure. That's the ticket. I had to bring that up because I'm just watching. And online there's just a bunch of sick, twisted people. The good news is it's a minority of people. It's not a ton of them. Most of us, I wouldn't even know what the say to these people, let's move on, which takes us to the other side of this, because that's what we do on this show, is what's potential outcomes of a murder. What's in a potential outcome of a murder that I have to cover that? And why do I have to cover it? Because out of news-driven

events come reactions and potential changes. And as we have told you throughout the ages, the main reason why a stock goes up a lot is strong earnings and sales growth and the ability to keep those numbers going forward. What makes a stock go down? Decelerating earnings and sales growth. And the belief of that, that is the story. We can talk a little other things in the froth and speculation and commodity moves, but the bottom line, the greatest companies grow their business big time. The worst companies go the other way. And we can give you extreme Kmart versus Walmart. I heard Walmart's up 80% this year.

How can that be with 10% growth? It's called Get Me Out of Target and we'll buy Walmart. Anyway, that's the point. And we bring that up it because the day this occurred, we talked about United Health and how the reports came out, which I didn't even know, that their claim denial is way up in the trees versus others. What would be the outcome of all this?

Up next. We'll talk outcome. The rest of the market also. 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.

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 888-4-22-5-59. That's 8-8-5-5-9. That's 8-5-5-9. $1.59, investment advisory services offered through call bomb 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 M. Bata. 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 Quantum? 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. Hi, I'm Dr. Jay Goodman, host of Beyond the Script. the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal.

A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomach ache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just, I have a stomach kick every day. Or I'm constantly feeling like gassy. And all of those things are not something that generally, if you have a healthy gut, you should be living with. So that's when we deep dive. We deep dive into your medication.

We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change. Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeartRadio. Listen now wherever you get your podcasts. Cashflow crunch. OnDack's small business line of credit gives your business immediate access to funds up to $200,000 right when you need it.

Cover seasonal dips, manage payroll, restock inventory, or tackle unexpected expenses without missing a beat. With flexible draws, transparent pricing, and control over repayment, get funded quickly and confidently. Apply today at ondeck.com. funds could be available as soon as tomorrow. Depending on certain loan attributes, your business loan may be issued by OnDEC or Celtic Bank. OnDEC does not lend in North Dakota, all loans an amount subject to lender approval.

It's time to switch on the integrator units and get the brain cells working. You're listening to. Hey, this promises to be fun. Investors Edge. The last bastion of quality programming. With Gary Coltbaum. It doesn't get better than this. Well, about $70 billion.

dollars so far that's been the outcome 70 billion dollars united health stock since the murder is down market cap of 70 billion dollars down another 32 dollars today and we pointed out to you something and what we just try to do here is try it's not always successful but try put the pieces of the puzzle together and as we stated the point being if your earnings and sales are growing big, that's one thing. If your earnings and sales could be under attack, that could be another thing. And we just posed the thought and the question. Well, it's now front and center because of this murder being reported that the claims denials by United Health versus others are way up in the trees.

And I believe I mentioned to you Kaiser Permanente. They're in California. They were under 10%. I read somewhere United Health is like 40. Then I read somewhere it was around 31. But nevertheless, it's much higher. So what happens? United Health ends up front and center.

And what does that mean? Are they going to have to charge much less? going forward? Are they going to have to adjust going forward? And all I can tell you is so far $70 billion in adjustment of market cap going forward. And we don't know what the outcome's going to be. Leave no doubt, we don't know what the outcome is going to be, but we posed it to you. And man, so far, ick. And in sympathy, they're hitting Cigna, Eumana, Elevents, the rest. So just letting you know what's going on there.

And I'm not going to, you know, usually I'll say that it's a great company, whatever, just for, we'll keep it in straight arrow here and just mention what the stock is done. And I haven't seen yet, the CEO came out and said something. but if I was this of the whole mothership by the way he was the CEO of insurance I would kind of address this and I don't think he has at least I haven't seen it so just letting you know what's going on there the one plus one equals two it's an effect at this juncture and this goes for anything else any other business you know when you're in oil company Remember oil or commodity and your prices crash?

But it is you pay the same amount to produce but now you can't charge as much. Guess what happens to those stocks? Again, one plus one equals two. We're just explaining to you. And of course there's always intangibles. Right now Tesla, even though their earnings is going to be up six or seven percent again, which stinks. The stock's going in Fuego because of the potential for other things, which, by the way,

I've been hearing about for 15 years. But also, you're the BFF. I can't believe I use the initials BFF, of the president to be in your front and center, Tesla on the move. We'll see if it sticks. So just letting you know, give you an idea how we look at things. and the same thing goes for any other industry. It's just how it works.

And that's how we keep you abreast of the situation of what's going on, why it's going on, if it's going on, why we're always looking around, do our own little legwork. You know, when we say to you our small samples, yeah, they're small. but sometimes you can go into two supermarkets and figure something out. We're just going to two supermarkets. Anyway, we'll keep you informed on that. What else? Well, I mentioned Tesla up another 20.

Well, there's aftermarket, including aftermarket. Tesla's up 25 bucks today. New all-time high, even though earnings were up nine, revenue up eight. and this quarter they are in. Estimates are for a single digits also. Okay dokey. Just letting you know. We'll get into the rest in a minute

because, by the way, I'm about to tell you the Dow is down 99 today. What? Bad day? Not necessarily. We'll get to that in a minute. Next thing I have to bring up. And again, you may say, you're covering Israel and Syria and stuff.

What does it have to do with markets? Oh, if you don't think that is anything to do with markets. I must tell you if Iran decides to blow up the Straits of Hormuz, go look that up. You know what oil prices would do? And we're not saying they're going to do that, but we always have to watch the things that are going on in the Middle East. and of course the criminal UN I call them criminals because they're lying sacks they're supposed to do the right thing

the latest on the anti-Semitic anti-Israel anti-Jew UN the Syrian murderer left because he's a coward he's a wimp and he left

Syria and who knows where he is maybe he's in Russia now well the video of what's going on in Syrian jails and how many people dead. We already knew it was like a half million to a million people. The international criminal court has an arrest out for Benjamin Netanyahu defending his country. There's no arrest out for Bashar Assad, who murdered up at woods a million of his own people, if not more, with chemical weapons. So Israel goes in and now is destroying all the chemical weapons. Syria is next to Israel, by the way, and the

is that really bad guys and the guy who's now running the show at Syria used to run ISIS or Al-Qaeda, one of those. Yeah, Al-Qaeda. So they go in and they're destroying chemical weapons. You would think that would be a great thing. You would think the UN would be very happy about this. The UN came out and said that Israel's violating Syria. This is sick, twisted people. It's a shame. I had to cover that because you just don't know what's going to come of it. And by the way, you have like North Korea on the Human Rights Council and all that stuff in the UN. It's just sheer insanity. Let's go back to the market.

Notice how good we segue. So Broadcom announces an AI chip maybe with Apple, up $11 today. The semiconductors and the doldrums were up 2.5% today. Google yesterday announces an AI quantum computing something or other Google goes vertical two straight days. Up next, we'll explain those and the rest of the market. With the Dowdown 99, 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, to have a legacy of building stuff,

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.

My cell phone is a mature technology at this point. How far are we from that point? with quantum. 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. Hi, I'm Dr. Jake Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health. with CVS pharmacist Victoria Motola,

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

generally, if you have a healthy gut, you should be living with. So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change. Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeartRadio. Listen now wherever you get your podcasts. Cashflow Crunch.

OnDex, small business line of credit gives your business immediate action. access to funds, up to $200,000, right when you need it. Cover seasonal dips, manage payroll, restock inventory, or tackle unexpected expenses without missing a beat. With flexible draws, transparent pricing, and control over repayment, get funded quickly and confidently. Apply today at on deck.com. Funds could be available as soon as tomorrow. Depending on certain loan attributes, your business loan may be issued by On Deck or Saltic Bank. OnDec does not lend in North Dakota, all loans an amount subject to lender approval. 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. Okay. A little bit of sarcasm.

This second it feels like if Chipotle announced an artificial intelligent burrito, the stock would go up 15% tomorrow. You get those moments in time. Anyway, Google, which was a dormant stock for months and months and months. And pretty much on the defensive, well, since Monday, it's gone from 175 to 195 now. That's about 11%, a little more than 11% move, which we've seen a lot more than that, but not for mega caps. And that broke into new high ground today. I did not buy it.

typically I would a big mega cap moving like that but I'm going to give it a chance to pull back but that was a little bit of sarcasm but I kind of meant it because it happened with Broadcom today

and it's just possibilities from Broadcom and Apple but big move and the move is occurring even though Broadcom reports after the close tomorrow but as I mentioned the Dow was down 99 amazingly the NASDAQ up 347 NASDAQ 100 up 3995 wow those are big one-day moves

and the mega caps did the job and just a reminder with the mega caps you ready Apple NVIDIA. By the way, NVIDIA bounced today a little less than $4, but just range bound forever.

Apple, Nvidia, Microsoft, Amazon, broadcom, meta, Tesla, Google, Netflix,

Costco. That's your top 10. So there's 100 stocks in the NASDAQ 100. That top 10 represents, let's see, 9, 17, 25, 30, 35, 40, 45, 50. 10 stocks represent 55% of the NASDAQ 100.

90 stocks represent 45. In fact, let me take out, well, I can't take out Costco and Netflix because they're doing okay. So just letting you know these stocks are very strong. again. The NASDAQ 100 is broken out again. And I must tell you, there are so many ETFs now. I can't even catch up with them. I didn't even know, and I thought I knew everything, that there is a magnificent 7 ETF. I didn't know that. It broke out six days ago at 526. It closed at 5714. 1, 2, 3, 4, 5. 7 trading days later, Let me make sure of that.

One, two, three, four, five, six, seven trading days later, it's 5714. What is it, about eight percent and seven days from mega caps? No wonder. Why is this happening? I have no clue. I just deal with what's happening. And we have a QQQ position. I almost added today.

I whipped out. I'm hoping for pullbacks. I don't know if we'll get them. They pulled them back later in the day. that was the story today Mega Cap Tech We'll see if it continues Now Google which was dead

Lit up like a pinball machine for two days And I have to tell you Normally I'd say to you Well I contemplating buying a little Google yesterday I didn't even contemplate doing it It moved above a little mid-level range on volume But I'm thinking that it's news driven Okay we'll see what happens tomorrow boom

And it was up big in the first five 10 minutes today and that adds to that NASDAQ 100. Next, the Bitcoin right off the 21-day moving average and bounce nicely today. I think it may have finished back above 100,000. Just letting you know, the inanimate object that has no services, no products, no offices, no employees, no earnings, no sales, Got to buy it. No, no, no, I'm not telling you to buy it.

I'm just mentioning. Next, gold. I got to tell you, gold's almost trading like a penny stock. They rammed it to the downside, rammed it to the upside, gapped it to the downside. Now three straight gaps to the upside. It's in just range bound right now, but damn, three good days. Gold miners, which were dead meat, trying. Argentina.

you've been reading about this gentleman by the name Malay. Well, you should read because he is Reagan of South America. Everything I would do as the leader of a country he is doing. Stomping on the size of government, making it more efficient, making it more accountable, lowering taxes, less regulations, getting the hell out of your way. God, I love that. And if Trump does the same thing, I will applaud the living heck out of him. I would love that.

And so far the verbiage out of Trump, I can't complain. I'm not a fan of some of his picks, but that's normal. Can't be happy with everything. We'll see how it plays out. We'll cover it all. Joe Biden was out yesterday talking about his great economic record, lying again about 16 million jobs they created no about 9 to 10 of that was coming back from COVID. But no mention of $2 trillion yearly deficits. No, no mention of that. No mention of the transitory

inflation, remember? They told you it was transitory for six months. And then it was the Putin price hike? There was no mention of that. And of course, he blasted trickle-down economic. By the way, you know what trickle-down economics is. It's just lower taxes, less regulations. Get the hell out of the way. That's all it is. You know what they say it is, you're too nice to the wealthy.

You're too nice to the rich. You've got to tax them more. They've got to pay their fair share. Don't worry about the fact they're producing and the 1% is paying 50% of all taxes. They need to pay more. Just remember what Marxists hate. They hate success.

unless they're contributing to their campaigns. The reason they hate success is because success does not need Marxists or socialists or the like. Just want you to remember that. It's pretty simple. So that's a little bit on that front. The same areas we tell you to avoid, I don't think it changed today.

With that NASDAQ NASDAQ-100, so damn strong. You ready for this? advanced declines on the NASDAQ were only 21 up, 21.5 up, 19 to half down. Big caps, mega caps. That was the story of the day in a very big way. You know it was weak? Again, the managed care we mentioned United Health. By the way, the good news is United Health today, 31 times 6.

It was about 200 Dow points to the downside. The Dow was only down 99. but every stock counts. What else remain weak today? What would we tell you avoid defense stocks? The worry is, again, one plus one is equals two. They're looking at how much money you spend on defense and how. Drug stocks hit again today.

We told you to avoid them. Why? I think that's going to be addressed also. What else? Housing remains on the bearish front. The consumer staples, bearish front. These truckers and rails, bearish front. And I didn't even notice this until midday.

They smoked Norfolk Southern. They smoked the rails. What's the other one? S-A-I-A. Oh, that wasn't so bad. That's just not good shape. So the transports were down 94. What else?

The big biotech. Not good. Bearish. And remember what we tell you. If you can just stay away from the bare markets. What a first great step. What a great step to never be in bare markets, never be in downtrends. Up next, what else we got?

I got a few other things up my sleeve. I'm Gary. This is the one known the Investor's Edge. Hello, I'm Malcolm Gladwell, host of the podcast Smart Talks with IBM. I recently sat down with IBM's chairman and CEO, Arvin Krishna. And I asked him, how can companies use AI? to its fullest potential to create smarter business. My one advice to them, pick areas you can scale. Don't pick the shiny little toys on the side.

For example, if anybody has more than 10% of what they had for customer service 10 years ago, they're already five years behind it. If anybody is not using AI to make their developers who write software, 30% more productive today, with the goal of being 70% more productive. Yeah, wow. So we are not asking our clients

to be the first experiment on it. We say, you can leverage what we did. We're happy to bring out all our learnings, including what needs to change in the process, because the biggest change is not technology, is getting people to accept that there's a different way to do things. To listen to the full conversation,

visit IBM.com slash smart talks. Hi, I'm Dr. Jake Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. like I get a stomach egg every time that I eat and it just becomes like a lifestyle

where oh yeah you know I just I have a stomachache every day or I'm constantly feeling like gassy and all of those things are not something that generally if you have a healthy gut you should be living with so that's when we deep dive we deep dive into your medication we deep dive into your OTC medication

and then at that point we can probably identify something that we can change hear the full conversation plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeart Radio. Listen now wherever you get your podcasts. Cashflow crunch. On-Dex small business line of credit gives your business immediate access to funds up to $200,000 right when you need it. Cover seasonal dips, manage payroll, restock inventory,

or tackle unexpected expenses without missing a beat with flexible draws, transparent pricing, and control over repayment. Get funded quickly and confidently. Apply today at on deck.com. Funds could be available as soon as tomorrow. Depending on certain loan attributes, your business loan may be issued by on deck or Celtic bank. On deck does not lend in North Dakota. All loans and amount subject to lender approval. You're listening to what are we waiting for? Well, what are you waiting for? One, two, ready, go. Action! In the investors edge. With Gary Culpa. Um, uh, what else? Insurance stocks?

little outcome of the United Health thing. Solars remain bearish. China, you know, they gapped it up big two days ago. They gapped it down yesterday. It was very weak today. Or not so weak. They bounced the economically sensitive stocks that they trash today. And I'll have to take a closer look.

They bounced them. But down 10, up five is not a good recipe. If the next move is down 10, another up five. I have to mention Uber and Lyft. because Uber stock was a very favorite stock on Wall Street up until about two months ago. And I guess the talk of Robotaxy, this and this, that, I don't know what to tell you. The stock's been trashed, 87 to 61, and I'm just letting you know the institutions are selling the hell out of it. How do I know this?

I just look at price movement and volume. And Lyft is no great shakes either. and what did I mention to you guys? They need to fix things. In New York City, I'd rather take a taxi. From LaGuardia Airport, I don't take Uber or Lyft anymore because you've got to wait 15 minutes and sometimes they cancel you after 10.

I go right to the taxi and it's usually cheaper. But the taxi people do not know how to market themselves. They really don't. And by the way, I'm not complaining about Uber and Lyft. I can't begin to tell you how much money I've spent on them going back and forth from New York City to Cliffside Park, New Jersey to my parents. But I think they got some issues going forward. And I think the market is dictating on that.

In the news, as I mentioned, a search in Syria for the disappeared now that Assad's gone, people are looking for their families, and they're finding out they're all dead. And speaking of torture and murder, you know what they're finding in the jails in Syria, that Assad was doing. Presses. People were put flat, face down, tied up, and the ceiling came down on them, slowly, until they're crushed.

But no arrest warrant for Assad by the International Criminal Court. Nah. It's a good guy. Let's go after the head of Israel. I've complained about a lot of what's going on universities. Well, here's a university of Penn professor that goes on video, pretty much praising the murderer of the healthcare guy, doing a dance. She took down the video.

I wonder if UPenn is going to fire her ass. Praising a murderer, yet you get to teach students? Huh. The Daily Mail. Somebody named Clara Gaspar writes an article. Many women, including me, are captivated by the hot assassin. What the hell is a matter with people? Do any of these people think for 30 seconds before they make that statement?

General Motors, scrapping their cruise robotaxy program. It only cost them how many billions? has scrapped its cruise robotaxi program after nearly a decade and 10 billion in development, citing the time and cost needed to scale the business and rise in competition. Only 10 billion. GM broke the 50-day moving average to the downside today. Nice. Interesting.

The New York Times. Guess what article they put out today? the largest immigration surge in history. Now that Biden's arse is out and Trump's coming in, now we can complain about Biden because there's no more election. Let's wait until we know what happens after the election. And now we'll tell you about the big surge since 2021. That's your New York Times.

The immigration surge since 2021 has been the largest in U.S. history, surpassing even the levels of late 1800s and early 1900s. Total net migration, the number of people come to the country minus the number leaving will likely exceed 8 million people in the past four years. Government statistics suggest. What, you didn't think they knew that six months ago? The media. The media. Their popularity these days is just below root canal and jocch.

And for a damn good reason. Now they're reporting on immigration. Just letting you know. And that's, I think, our little bit news of the day here. The big story today was the NASDAQ, NASDAQ 100, while the Dow and the transports were down, advanced declines were blah, the big mega caps on some announcements. Dang will await Broadcom's earnings after the close tomorrow,

but may I state for the record that Adobe is down $44 in the aftermarket to $505. dollars. That ain't no hill for a climber. Yikes. We'll see what happens with that tomorrow. We don't own any Adobe. Yay. That's been a weak software stock. We'll see if that affects software names tomorrow. But dang.

But very selective now, kids. Very selective as we head into the end of the year. I've given you a laundry list of areas to avoid. I didn't even mention the government contractors because of Trump coming in and stating,

what are you guys getting paid? So BAH and CACI and KBR been blasted. And you just think one plus one equals two with Kennedy may be getting in. What are they going to do about medical and stuff? and the food companies, their stocks are down, are their costs going to go up because whatever comes out? These are the questions we're going to have to ponder, but actually, not really. We'll just follow the stocks. They'll dictate policy. And right now, they're on the defensive. tomorrow

I shall be on I should be on the Varney and company 9 a.m. hour Fox Business Network check that out and same time tomorrow on this radio show. You have a great evening drive carefully and when you get

home do like we do it's quite simple make sure you hug your family make sure you hug your children they will feel better you'll feel better I promise stay well be well thanks for joining Good night. This has been Investors' Edge with Gary Cult Bomb on Biz Talk. To listen to past episodes or to get in contact with Gary, go to GaryK.com.

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