Investor's Edge with Gary Kaltbaum - THE WILD WEEK IN REVIEW [02.27.2026]

Episode Date: February 27, 2026

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Straight talk about you and your money. Now from the Biz Talk 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 were listening. It's Friday.

It's February 27th. It's 2006. Hope you're having a good day. today was end of month it's 28 days in February I have a lot to cover you're going to need to listen carefully we have been harping on certain things

in the recent past and if you did not listen to them you have been harmed financially we say that about as strongly as we can say that. There are certain things going on in this market right now

that I must tell you. The good seems to be gooder, the bad, a lot badder. And if you are not on top of the game right now, you are getting smoked. Please be listening. We have some additional things

to bring up today that we're even surprised about but in case you don't know this is serious talk on everything that affects you the markets the economy your job your industry the Morlocks at DC the interventionist

running the country amongst other words the anti-capitalist, the pro-control freak, Donald Trump. And if you don't get this radio show in your city, we'll post it at garyk.com. We'll also post it on our X feed. If you don't follow us, an X you should. If you'd like to email us, just be nice. We'll also post it on the Biz TV YouTube channel.

Oh, I know. You're going to say, Gary, control. Yeah, the president said that they're thinking about taking over Cuba today. Sure. And we're controlling Venezuela and we want, it's not out of the question sending the military to Greenland. Oh, but he's only kidding. Sure, because you always want a president threatening another country. Or Canada, 51st state, sure. Great. Or we're going to take a 20% position in this company, that company, this company, that company, this company, that company. and my kids own a crap load of it beforehand. No, sure. Hope you all happy. On the right, you have no problem with it. On the left, you're having fits. When Biden did it, the right was having fits, and the left had no problem.

Thus, why we hate them all. Not you, them. That was the latest today, by the way. That was the latest. we're going to take over Cuba. But actually, I'm not so sure it's the worst thing of the world. Oh, you get my point. So, are you paying attention?

We're going to start with the most important part of today's equation that I watch today. We have been telling you to avoid the whole financial complex. They have been in bearish phases of differing levels. The private equity slash credit slash buyout companies have been obliterated. Gary, what do you mean by obliterated? 190 to 113 in Blackstone. What is that? 77 points on 119, 40.

That's obliterated. How about R.S? 195 to 112. That's another one. Any others? Oh, I got plenty. But we already knew that. And we've also told you about MasterCard and Visa.

We've told you about the recent blowups in the brokerage and investment managers. The blame is on artificial intelligence. We have talked to you about other smaller private equity companies or other financials that have just been absolutely bludgeon. Oh, the credit cards. Capital One in five weeks, 260 to 190 to 195. 65 on 260. It was about 23, 24. Not the end of the world, right? Okay. How about American Express? down $27 today, $386 to 308 in the last few weeks. 76 on the, that's 20. MasterCard and Vs are in a bearish phase. Synchronicy financial, Alley Financial, LPL financial, Northern Trust, Hero Price, State Street, Schwab.

They finally broke down from the highs, the European Bank. like Deutsche Bank and Barclays avoids. But we've also said, you know, the big banks have been holding up pretty good under some pressure, trading below the moving average, but when you're a lower beta thing, trading below it can only maybe be a few percent. And the regional banks actually acting a little bit better than the big banks,

though under pressure also. Well, we don't know what Monday brings. Goldman Sachs was down $69 today. By the way, that represents about $430 points. Volume was double. And we would suggest you got a nice big top in place. Goldman. City Group down six.

Let's do percentages. Goldman, seven to half. City Group five. Morgan Stanley. Six and a quarter. Bank America, almost five. JP Morgan, only two, and that's because I don't know what happened late in the day, but JP Morgan came back decently, but was still down six bucks and trading all the way down to its 200-day moving average.

PNC Bank, 10.5. Black Rock, 27. Evercore, 17 bucks, LPL financial, 19 bucks. Ameriprise, 16 bucks, Apollo Group 10. So we're just letting you know they worsened today. We hope you listen. We own no financials. They are avoids.

But we can't just say avoid. avoid can we they're the financials these are the financial stocks these are the pipes lenders they lend to companies

small all the way to big brokers well lots of business banks greatest bookies on earth regional banks credit card companies

I look at American Express today and I was looking to see why would American Express be down 26 bucks today I want to find a reason and I couldn't and that's worrisome I'd rather have a reason

some will say they're exposed to what software companies crypto I don't know I just know what bearish phases look like and avoid that them. Continue to avoid them. Where is the worry? I don't want financials croaking. I don't want financial stocks getting smoked. It is not very often that financial stocks get smoked and

the market doesn't follow. Though right now you've got very good rotation to where the indices are holding up pretty well. You may want to mark that down. that Gary says, avoid even more. Do not look for the falling knife. I don't know what happens Monday, but the trend worsened today. Everything financials. Up next, sector by sector, stock by stock. 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.

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We're going to start with the avoids, but have some very important stuff on possible good side. Crypto. I believe it was two or three days ago we said we think it could bounce. Not because

it's going to go into a bull market, because how strength extended, oversold from the norm with a lot of bearishness now. And I have to tell you, it bounced for a day. That's all it did. And we're talking Bitcoin and Ethereum and all the other crap. And they're right back down. And we'll make the statement, it better not do what it did from mid-November to late January.

And that is just after dropping, make a right turn. Just go right. Sashay to the right. And then break that ledge. Because every time you break that ledge of a bare flag, it invites more and more selling. And that's what happened the first go-round. And all I can tell you right now, crypto continues to act like crap. Pay no attention to the people talking their book.

they have absolutely zero clue what's going to happen next. They do not follow a roadmap of bull and bear markets. They try to throw darts at the wall. And in bear markets, there are certain rules. Number one, surprises happen to the downside. Number two, they will go farther down and for longer time than anybody expects. Until they don't. And our job is to gauge that.

Avoid the crypto. Yeah, they bounce. You get bounces. You like walking into 50 mile an hour winds in your face? Or do you like tailwinds? That's a crypto for you. And where it stops, we don't know. It's an avoid.

financials of all stripes crypto software we have been bearish on software since the IGV broke on November 4th but even before that Oracle had topped out

days before in fact we sold our Oracle about two weeks before we were worried about how was trading. Microsoft broke on November 4th. Salesforce.com was already smoked. Adobe was already smoked. And many others. Since, nothing but worse. A couple of days ago, we said, we thought we could get a bounce. Why? Stretch, extended and oversaw. and a big bounce of bearishness after a drop.

And when we say stretched and extended, that is from the norm. What the norm is, is from its declining 50-day moving average, that's how you get bounces. You bounce for two and a half days. Today wasn't great, though you finished okay. Still down now.

Microsoft was down seven. That's not good. It was down 10. Salesforce.com was down almost five. It was up seven and change on earnings yesterday. That's not good. SAP was down three. As I look to my left,

a lot of red. Crowdstrike down nine. Z scale. ZS. A software security company down another 25 bucks today. You want destruction? 337.

all time high in October. 142 today. I take it back. The high was 376 in 2021. Software. Notwithstanding bounces, you can get them. But remember,

down 10 and up two is not a recipe for good. So software. And I mean, just about all. They just topped out the solars. Just let You know, we have been avoiding the payroll companies. Brutal bare markets.

Brutal. Surprising. ADP 330 to 214. Paychecks? 161 to 93? You added up. Payroll. China.

China's an void. Remains an avoid. The weakest of all nations right now, believe it or not. At least the big ones. I don't know about any smaller. And as you know, there's some countries that are up strong this year. Avoid China. Airlines.

I think they're topping. Pretty darn sure of it. Retail. Not all. There's some strong retail, but a lot of weakness. Let's call it some retail. Not in the can't. up yet of sell it all housing how about I'm a tweener on that more to the bearer side bad

reaction recently especially with something very bullish going on the 10-year yield dropped today below 4% that should be great news housing stocks didn't budge today you catch a little drift of what we're doing? There's some other areas I can go through, but I'm not. My main point today was, holy crap on the financials. Do you know today, American Express, Goldman, and J.P. Morgan today. 26, 95, were about 650, down. We're about 650 Dow point to the negative and the doubt was only down 521. Unfortunately, that's because Merck was up.

Johnson and Johnson was up. Procter and Gamble was up. What do they all have in common? Very defensive. We do not like seeing the financials get slaughtered like they did today. We'll stay on top of them every day

because they are movie importante big time of importance and man when I look to see well Goldman Sachs today was down 69 big dollars what's the news and I have none except somebody saying under pressure Up next, the good side is the one that only investor's edge. Lately, car buying has become a pretty dull experience, but on eBay, behind every car in part is a story waiting to be shared. There was a guy who bought a 2020 Porsche Cayman GT4 on eBay. It was well-loved.

There are plenty of Cayman's in great condition on eBay, but this one needed some work. That's just the start of the story. So after this guy gets a great deal on his dream car, he rebuilds the whole thing with all these parts he found on eBay. Performance brakes, suspension, body panels, the works, guaranteed to fit. Next thing you know, this nearly scrapped Cayman was out there on the track as a full-blown race car. You're ready to go daily driver, your next Restamon.

Hello, Lodda Salon, hand the parts to finish it. eBay has thousands of cars and is the largest online selection of vehicle parts and accessories. eBay. Things people love. Here's a quick podcast for all you true crime fans. The case of the missing Reese's. It was me at the store with my mouth. Motive? Um, they're Reese's.

What was that going to do? Stop myself. Tune in next time to see if I do it again. Spoiler, I will. Wow. That had everything. Rees. Suspense.

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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's highly recommended. You're going to feel better if you talk to. We are being told that mortgage rates have dropped below 6% for the first time since 22, and that's true. I am still letting you know the housing markets in bad shape. Great shape for buyers. Sellers, it's the worst I've seen since 08 for the sellers. And it's a combination of not so bad and bad. The not so bad is the sellers are just putting up prices that they're not getting.

Fantasyland, we've been calling it here. I've been telling you, I have seen people put up houses that went for a million bucks in 22 for three. Ain't happening. So all of a sudden it's 2.7 ain't moving. 2.4 ain't moving. That's how it goes. And the more inventory, the tougher. There is a beautiful country club here in central Florida.

not going to mention name, has 29 homes for sale now. That means they're all fighting each other to sell their homes in that area. And what typically that means is if they're going to sell, if they're going to be able to sell, ye who lowers prices first or best wins. in order to sell yours, you have to meet that seller's price lower. And that's how lower prices supply and demand occurs. 29. And there's six pending that have been pending for like five months,

which means they're not getting done. Not going to mention which place. And as I look across the country, boy, inventory is gargantuan in many a place. But on Goldman and Morgan and all them, Under pressure today with private equity and alternative asset managers, the latest leg lower follows mounting worries about potential credit losses in rapidly grown private credit portfolios,

exacerbated by recent headlines around a company called Owl that has come out and said, we are no longer going to give you back your money. Owl stock, are you ready for this, has gone from, $26.73 to $10.55. That be not good. So we reiterate, we big time reiterate the financials.

Not mui Bueno. No mui Bueno. It's about all the Spanish. I took six years of Spanish and I don't remember anything. I really got to do something with that one day. I also want to bring up one more thing. And as you know, I always say, we don't take on anybody in the industry except for that lady because she upsets us. When she is down 60% since 21 and she's treated like a guru, and she's out predicting $1.5 million for Bitcoin by 2030.

Last I look, we're in 26. So 26, 27, 28, 29. So four years, let's give her an extra half year into 30. She's saying in four and a half years Bitcoin's going to go from, what is it, $65,000 to $1.5 million. Last I looked, that's about 24 times in four and a half years.

They should put masking tape on her mouth. We move on. As we said, we don't take on anybody. We never name names. But every now and then we'll do a little general something about why it's so important to really pay attention to your stocks. Duolingo.

Just so you know, know their earnings for the December ending quarter up 262% sales year over year up 35%. The stock was still down today another 14% to $101. But that's not the story. Nine months ago the stock was $545. It's now $101. More than 80% down. And just so you know, the sell signal on the sales signal on.

that stock was it 490 and a bigger cell signal was at 450. It's 105. Why am I mentioned this? Five analysts downgraded it today. Five. And I also noticed that one of them has had it since the high. Catch of my drift? Just letting you know. And by the way, you ready? One of them downgrades from a buy to a neutral. What is neutral mean? The next one changes it from a buy to a hold. So let me get this straight.

We're not going to buy it, but we're still going to hold it even though we're down 80%. The other one goes from an overweight to an equal weight. Help me, what does that mean? The other one goes from, oh, six of them. I missed one. outperform to an inline. Another one outperform to a neutral and then outperform to a sector perform.

Somebody explained to me what the hell any of that means. Isn't it just buy or sell? I guess buy, hold, or sell. But how does it help when you go buy to a hold so you're still holding it, but you're down 80%. Well, let's say you're down 50. Anyway, just want to let you know. And of course, we're not mentioning anybody.

Big change. Netflix. We've had to avoid on that for a very long time. And there was some cause and effect. By the way, we've had an avoid on that since June of last year. They were in the midst of trying to buy a big media company and they backed away. It was starting to rifle up three days ago. Well, today it was up 13% on 197 million shares,

more than four times average volume. The fact that they're not buying this company, the market likes. It will now go on our what we would call Mega Cap Better Screen. It's still in a major downtrend, but it broke back above the 50-day move-in average today on that news, and we'll see what comes of it. Numbers look pretty good. Next, Dell.

Up 26 today. Volume. Normal is 7. Came in at 33. Million. Earnings two quarters ago. Up 17. Last quarter, 45.

Sales two quarters ago, 11. Last quarter, 39. So major acceleration of debt. computers numbers. Guess where that goes? That is correct on our better screen and that wasn't a void until today. Simple as that. Changes because of news or because of earnings. Just letting you know on those two. We didn't say we're buying them. They get noticed. Gold and silver. We have told you gold miners stronger than the metal and usually that That's good for the metal. Gold miners new all-time high today. GLD up, 1.2% today.

And silver, nicely strong, looks like that's turning up. Remember, both the, well, especially silver, kind of went vertical. Dropped. You ready for this? 110 down to 70 in a day. drop down all the way to 65 over a couple more weeks starting to turn back up in earnest right now so golden silver in play

in play defensive stocks as I mentioned Merck Johnson and Johnson Procter & Gamble some of the other food and beverage better utilities

as interest rates plummet, that's an area to take a look at. And as we said before, oils, but that could be very news-driven. Are we going into Iran? Are we doing something to them, or are we not? That's another one, the oils. And then the semis. Kids, and video was down another $7.77, today, but a bunch of the semi-stocks that were down a lot. KLAC was down 34, finished flat.

We think the equipment makers are still to be looked at, and others. Up next, the others. This is the one only investor's edge. The car buying has become a pretty dull experience, but on eBay, behind every car in part is a story waiting to be shared. There was a guy who bought a 2020 Porsche Cayman GT4 on eBay. It was well-loved. There are plenty of Cayman's in great condition on eBay, but this one needed some work.

That's just the start of the story. So after this guy gets a great deal on his dream car, he rebuilds the whole thing with all these parts he found on eBay, performance brakes, suspension, body panels, the works, guaranteed to fit. Next thing you know, this nearly scrapped Cayman was out there on the track as a full-blown race car. You're ready to go daily driver, your next Restamod.

Hello, Lotus Alon, and the parts to finish it. eBay has thousands of cars and is the largest online selection of vehicle parts and accessories. eBay. Things people love. Reese's peanut butter cups.

They go perfectly with music. Podcasts. And welcome back to the show. Even nature sounds. Oh, and the thing where someone crinkles tissue and whispers at you. Hello.

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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, on top of the equipment-making,

Let me just tell you what it seems to be happening. The spenders of this AI are getting crushed. The receivers of the supposed spending are the strength. Semiconductor equipment, micron, sand disk, light, Corning, Coherent, Ciena. They didn't budge today. Western Digital Seagate. I'm thinking they got more legs to go to the upside while NVIDIA gets blasted again. And I did a whole dissertation for you on NVIDIA yesterday.

Worse than today. There are questions. Remember what we've said to you here. When you are the head honcho top dog big cheese and you are really doing so darn good, what happens? well everybody looks at you and they want to come after you and there's been all this talk about this company and that company and this company that company with their own AI chips I'm wondering whether that's part of the discount

but there's also a lot of talk now about obligations and self-dealing and double dealing and we'll give you this but you buy our that this is not us talking this is some pretty smart people talking we think invidia is an avoid it couldn't break above

195 if it breaks 170 look out it's range bound when we say avoid new commitments we're not telling you to sell especially if they had it for a while you're up big and it has not violated the big stuff yet it is down

let's see 212 to 177, 2335, 16%. That's a correction. Not the biggest of deals. But also of note, it is down $7 from August 7th, 25. And is trading exactly where it traded? Right about out there. There's your Nvidia.

And one other thing, and we told you this. well today closed at a $4.3 trillion market cap begging the question, how far can something go? That's not a bad question to ask. I remember when I kept thinking Walmart's going to slow down because it got to a trillion. This is 4.3 at the close today.

It was just near five. But I repeat, the semiconductor equipment stocks, Micron, few others. But remember with those few others, pricing is important. Pricing has gone vertical. There will always be an end to that because it is of cyclical nature. The AI thing has made it much bigger and much more to the upside, which means if things go awry,

It could be that much more to the downside. You know what will tell us? The stocks. Another day to day where the NASDAQ got hit for 210, NASDAQ 100 was only down 74. And with the NASDAQ down 210, Sienna up 7, coherent up 8, LIT up 24. KLAC was green.

Few other semis were green. The Seagate Western Digital, down two. So we're going to be watching those bad boys going into next week because if they can't send them down when the market's getting hit, they're probably going to have another leg up. That's how we look at it. Relative strength. Short, intermediate, long-term timeframes.

So, very good news, interest rates plunge below 4%. Very good news. Very bad news that oil prices are up another $2. and of course that will be dependent on what happens with Iran and just it was a wild we started off 800 points down on Monday you know what we finished for the week on the Dow down 650 we're down 521 today we were down 800 on Monday and we only finished down 650

tells you about the intervening days we expect more whacking but the big theme kids, them financials, hope it's not telegraphing something troublesome. Lastly, because I get asked about it a thousand times, you're welcome. Corweave down 18 bucks today, 18 percent, on a monstrous loss. And I got to tell you, and a lot of debt. And I got to tell you, I think they're going to have to raise a lot more debt. That's my guess. And I think the market knows it.

And they are part of the circle of, yeah, we'll give you this and you buy that. And that is a question the market will figure out over time. There are people out there saying this remind you in 1999. I'm not there yet. but the market will tell us. In some cases it has. I mean Oracle. Holy crapomatic.

345 to 145. Microsoft. Wow. 555 to 392. Wow. Stay tuned. It's going to be a bumpy ride. You'll have a great evening.

Drive carefully. And when you get home, do like we do. Quite simple. Make sure you hug your family. Hug your children. They will feel better. You'll feel better. I promise.

Stay well, be well. I hear it's going to snow in the North East again. Be careful. Until Monday. Have a good one, everybody. Good night. 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 GaryK.com.

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