Investor's Edge with Gary Kaltbaum - Very nice week in review! [01.03.2025]

Episode Date: January 3, 2025

https://garykaltbaum.com/...

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Starting point is 00:00:00 Hey, it's Ryan Seacrest for Albertsons and Safeway. It's stockup savings time now through March 31st. Spring in for store-wide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, Body Armor, ORAIDA, Silk, Capri-Sun, Bavarian Meets, and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in-store or online for easy drive-up and go pick-up or delivery.
Starting point is 00:00:28 Restrictions apply. See website for full terms and conditions. Investor's Edge with Gary Cultbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Cultbaum. And welcome once again to Investors Edge. I'm Gary Kalpom, your host day. Thanks for being with us today.
Starting point is 00:00:47 Glad you're here, ladies and gentlemen, happy that you are listening. It's Friday. It's January 23rd, January 3rd, 2025, which means I'm still signing my checks 2024. Hope you're having a good day. Hope you have a very good weekend coming up. I'm flying out to see the dad tonight as usual. Delta loves me back and forth. I fly out on Friday. I come back Sunday night. Now this coming week, in case you did not know, Thursday, the market is closed. The morning funeral, I don't know exactly what it is Thursday, but that's the day Jimmy Carter. They will celebrate his life.
Starting point is 00:01:29 So we're off. I may fly but back up to New York on Wednesday and spend the weekend there so I can hang with the dad. I got a lot of miles on Delta. That's all I can tell you. Hey, ladies and gentlemen, this is serious talk on everything that affects you. We do the markets, the economy, your job, your job, your industry. The Morlocks in D.C.
Starting point is 00:02:06 And everything that affects us. I never had to talk the Morlocks in D.C., but they became a huge part of us to the point where they're running $300 billion monthly deficits now. That's not a typo. $300 billion monthly deficits they are running. Let me repeat that. 300 billion. Now, I don't think they're going to do that all year long because you get tax
Starting point is 00:02:33 receipts, but I'm pretty sure we're headed for $3 trillion this year if nothing changes. Now, we've been promised by the new administration, they're going to do something better and different. Well, I have to tell you, the last time Trump came in, he promised it was easy to lower the debt and deficits, and he came in and spent as bad as any other president did. They say this time is different because of Doge, Elon and Vivek. Let's hope they're correct. Today they elected or reelected Mike Johnson as Speaker of the House. And I must tell you, he went up and it took a little bit of time but got it done
Starting point is 00:03:16 and did this speech about how wonderful and how great the – the United States is, well, we disagree with him a little bit. We, the people, are great. They, them suck. And we use the term suck based on they've taken us to 36 trillion. Let me explain what that means. They spent $36 trillion more than they are supposed to and were supposed to, and they did it on purpose.
Starting point is 00:03:50 And I'd love to sit here and blame the Marlix. Marxist party, and they are Marxist, for all of it, but no, the Republicans have been a big part of that also. $36 trillion. They signed off on the $2 trillion that is going on the, excuse me, the, what did they call it, the Fiscal Responsibility Act? That couldn't be passed without Republicans. And since then, I believe our debts up about $5 trillion. So the scam, the con, the bull crap emanating from them, I don't want to hear their crap anymore. When I heard this Mike Johnson do this speech about, oh, the greatness of this country, again, he's right.
Starting point is 00:04:34 We're great. They suck. I'll say that a second time. And if they don't get their act together, and with all the promises, now they have a house, in the Senate and the White House, even though with the House it's a paper thin, I'm going to be yelling and screaming. We'll see how it plays out. We'll give them all the benefit of the doubt. We will give them room to succeed.
Starting point is 00:05:03 We will be excited for them to succeed to slow down the growth and the scope and the reach of that blob, the United States government, their rules and regulations and their fees and their fines and their mandates and tax. I must tell you we dodged a big one, Kamala Harris, as I have stated for you, there's the greatest line from Ronald Reagan about the Democrats. If it moves taxes, if it keeps moving regulated, if it stops moving, subsidize it, she would have made Joe Biden look like Reagan. That's how bad she was. So we've been promised by Donald Trump and the rest of his people that. that they're going to get the house in order, and they are going to stop it. Let's hope they do that, because they get the shot now. I don't want to hear anything else from them. Now what we want to see, go and do what you promised. And now we segue.
Starting point is 00:06:28 Ladies and gentlemen, there are moments in time in the market that we try to isolate for ourselves and for you. Moments. January 8th, that was a Monday. On January 5th, we said to you that if Nvidia breaks out of this five, six-month trading range, it's going to be a big breakout move. That was on the Friday. And we stated to you, it looks like it's getting close.
Starting point is 00:07:01 We had no idea it'd be the Monday, but on that Monday, boom. And it skyrocketed before it stopped and did its dipsy doodle and all that. Maybe today we hit this little moment. We are always looking for what we call beta, B-E-T-A. That's where we see juices flowing, growth leaders getting moving, setting up en masse to move out of a strong range. And we're always wary of January's because I've seen a lot of hooks in January where stocks look like they're going to do this and then they do that.
Starting point is 00:07:57 And stocks look like they're going to do that and then they do this. In recent weeks, if not months, we have highlighted for you how so many, areas of the market were bearish, while a narrow select group of stocks stayed strong. And we've listed those names for you. We've actually given you the list of names. I didn't have to give you a lot of sectors because most sectors were in trouble. And we highlighted those sectors for you. drug stocks, housing and housing related, oils, utilities, rails, rail, truckers, beverages, food, a lot of the semiconductors,
Starting point is 00:08:52 industrial, solars, the fence, a ton of the health care, whether it be drugs, hospitals, managed care, medical research and products, big biotech, farm machinery, metals in mining, gold miners, small and midcaps, China, Brazil emerging markets, a bunch of the regional banks and other financials.
Starting point is 00:09:20 We've highlighted all these areas for you. And we just would tell you, avoid them. Stay away. But what's held up best throughout all this, the NASDAQ and NASDAQ 100 never broke the 50-day moving average. Never broke. While so many did.
Starting point is 00:09:43 A select group of names held strong. In the big names, you have Broadcom, Amazon, Google. Meta tested the 50-day and held yesterday. Go-Daddy, Roblox.
Starting point is 00:10:07 Marvell in the Spotify held the 50 day yesterday. Tesla was strong, got clonked yesterday. I'll explain what it did today in a minute. Some of the big banks pulled back to moving averages but held, while so many other things were trashed. And when we show our webcast to people, we're even surprised about some of the utter destruction
Starting point is 00:10:41 we have seen while the big indices have come down off their highs, but certainly no bare markets. And yesterday we had out what I would call a nondescript day coming into the year. We were down 150 on the Dow, I think only about 30 on the NASDAQ. That was yesterday. Today, up next, I got some big thoughts. 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.
Starting point is 00:11:40 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
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Starting point is 00:12:36 I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of research, Jake Embatta. We discussed his vision for the future of quantum computing. At IBM research, what we always do is answer what is the future of computing, whether it's coming up with new algorithms, coming up with better AI, coming up with quantum, or coming up with just how do different accelerators go together. It's our DNA to answer the question of what is the future. Isn't it a perfect problem for IBM because you kind of need to have to have,
Starting point is 00:13:09 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?
Starting point is 00:13:34 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. Want to earn extra income for your business? Amazon Hub delivery is looking for ambitious business owners to assist with local deliveries. When you become a partner, you and your staff will deliver packages to customers in your area on a schedule that works for you. With each package delivered, gain extra income and exposure for your business.
Starting point is 00:14:15 Plus, Amazon Hub Delivery makes it easy to get started. There's no upfront costs, delivery experience, or long-term contracts required. Sign up to learn more at Amazon.com slash Hub Delivery. That's Amazon.com slash HUB delivery. Hey, it's Ryan Sechrest for Albertsons and Safeway. It's stockup savings time now through March 31st. Spring in for store-wide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, Body Armor, or Ida,
Starting point is 00:14:42 Silk, Capri-Sung, Bavarian Meets, and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in-store or online for easy drive-up and go pick-up or delivery. Restrictions apply. See website for full terms and conditions. It's time to switch on the integrator units and get the brain cells working. You're listening to.
Starting point is 00:15:09 Hey, this promises to be fun. Investors Edge. The last bastion of quality programs. With Gary Coltbaum. It doesn't get better than this. Welcome once again to Investor's Edge. So we're going to try and describe things for you, and it's not the easiest thing to do. We're on radio.
Starting point is 00:15:35 By the way, we're in the midst of iron and out some extensions of this show, myth video and things like that. We're in that mode. We'll see what comes with it. Absent Carvano, which was down $23. today on what we told you about that Hindenberg came out and said that they're a bunch of Cretans that are that are bad accounting and all kinds of crap will we you know we'll see and it's only about 1.6 percent the NASDAQ 100 is up 1.6% today the NASDAQ is up about 1.6% today the NASDAQ is up about 1.6% today.
Starting point is 00:16:29 Make that 1.7 on the NASDAQ. Not a big move. And it's been going back and forth. Why am I definitely feeling better today? Because yesterday, you undercut a little bit, washed out some, finished above the 50 day, and today a very strong day, albeit 1.6 to 1.7 percent. But it's also what's doing it.
Starting point is 00:17:04 First off, let me start by saying yesterday, Tesla was down like $23. Hit a high of $488, closed yesterday at $379, $109 drop in a matter of whatever weeks, two weeks after a straight-up move. and the reason why it dropped, they missed on deliveries of their main product, the cars. It's up $31 today. No news. What does that tell me? Does it really say something that it rallied up $31?
Starting point is 00:17:56 Of course, it dropped $110. It tells me, beta, the juices flew today. The juices were flowing today. And that's what we like seeing. That was indicative of today. You know those select few names we have been telling you about? Well, let's see. Reddit, up 7% today, almost breaking out of range.
Starting point is 00:18:39 A Palantir, up 6% today. that held the 21-day moving average. Service now. 1.87% but held the 50 day almost to the penny. Spotify, up 5% to, excuse me, wrong one. Up 2% today, held the 50 day perfectly yesterday. Symbol A-Lab, Austera Labs, one of the stronger names, up 4.6% today, held the 21 day yesterday and popped up today.
Starting point is 00:19:18 Taiwan Semiconductors, one of the strong semis, up 3.5% today. NVIDIA, up 4.5% today, and broke back above the all-important 50-day moving average and gives it a setup to go higher. A setup. Doesn't mean it has to. and then as I look around Marvell up 4%. Meta popped a little bit more off the 50 day from yesterday.
Starting point is 00:19:57 My list of names that held yesterday just very good moves today. Beta. And when the number one high beta stock, the day after misses their numbers, on deliveries of their most important product and goes up 31, like nothing happened, beta.
Starting point is 00:20:26 And for the record, I hope to see more. Simple as that. I have no idea what Monday brings, but today was a good day for beta. The S&P, I do not believe God. back above the 50 day but getting close. And as we said to our peeps into you, everything that had dropped was in what they call these flags that needed to hold, wedges that needed to resolve better, they were better today. Though again, all those bearish areas, I wouldn't touch with your money.
Starting point is 00:21:17 We like leading stocks and leading groups And we know what the leading stocks are right now Specifically And now it's a matter of Will the market cooperate I don't know what drives a Tesla To do what it did today After missing delivery numbers
Starting point is 00:21:43 Except Beta A better day today for some of the economically sensitive names that have been beaten up as of recent. Good to see. Still nothing great, but maybe a low being put in. Advanced declines, what have we complained about to you? There have been too many three to one negative days.
Starting point is 00:22:08 Advanced decline. 3,000 up, 1,000 down, 1,000 up. Today, on the New York, 3,1008 up, 1,000. down. On the NASDAQ, 3,097 up, 1062 down. I have some big advice for all you, some strict advice for all you. Very much watch the new yearly high list because the thing, if the market's about to start a decent leg higher, the first names that bust out probably going to lead the way. I still do not see anything of note except a bunch of speculative crap, nothing personal, but when a company has no sales, we call it crap.
Starting point is 00:22:59 As I look at the NASDAQ new highs, quantum, quantum, quantum, I still have nothing what I call meaty, M-E-A-T-Y. Not one. Seriously, not one, which is quite amazing after a good day like today. Chef's Warehouse is at a new yearly high. Specialty foods. I found that. On the New York, as I look, same thing. Up next, more in the markets. News of the day. This is the one only investors' edge. I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of research, Jake Mbata. We discussed his vision for the future of quantum computing. At IBM research, what we always do is answer what is the future of computing,
Starting point is 00:24:24 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.
Starting point is 00:24:57 Where do you imagine we are in the timeline of this technology? There will come a point when it will mature. Right? My cell phone is a mature technology at this point. How far are we from that point with Conton? By 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.
Starting point is 00:25:30 Want to earn extra income for your business? Amazon Hub delivery is looking for ambitious business owners to assist with local deliveries. When you become a partner, you and your staff will deliver packages to customers in your area on a schedule that works for you. With each package delivered, you'll gain extra. income and exposure for your business. Plus, Amazon Hub Delivery makes it easy to get started. There's no upfront costs, delivery experience, or long-term contracts required.
Starting point is 00:25:53 Sign up to learn more at Amazon.com slash hub delivery. That's Amazon.com slash HUB delivery. Hey, it's Ryan Sechrest for Albertsons and Safeway. It's stockup savings time now through March 31st. Spring in for store-wide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, Body Armor, Oira Ida, Silk, Capri-San, Bavarian Meets, and Charmin. Then clip the offer in the app for automatic event-long savings.
Starting point is 00:26:20 Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in-store or online for easy drive-up and go pick up or delivery. Restrictions apply. See website for full terms and conditions. We're listening to. America is talking. Investors Edge. He's got to be pleased with that.
Starting point is 00:26:42 The crowd is just on its feet here. He's a Cinderella boy. Gary Colbub. It comes highly recommended. You're going to feel better if you talk to. By the way, I do have some new yearly highs on in New York. Warby Parker. Isn't that the eyeglass place?
Starting point is 00:27:08 WR.B.Y. That's a new yearly high. Dutch brothers, coffee. New yearly high, though it did not finish too well today. After that, Brinker International. That's the Chili's. strong restaurant stock. That's it.
Starting point is 00:27:30 That's your new yearly highs on the New York. So if things start to show up, I'm going to know it. Because if they're going to break out and go higher, they must, they have to, hit that list.
Starting point is 00:27:50 And I already know what names are poised and on the verge because we're doing our scans. What else happened today that I thought was of import? The semiconductors, and here's an interesting point. The semiconductors have been dead. And in fact, most of the, not the front-line semiconductor stocks,
Starting point is 00:28:17 but the, what I call frontline semiconductors, applied materials, KLA 10-core, lamb research, Texas Instruments, Micron, NVIDIA, Qualcomm, Marvell, AMD, which has been dead money, Arm Holdings, ASML, they've been dead, most of them. They woke up a little bit today.
Starting point is 00:28:43 Arm Holdings, up 13 today. And there was some news, AI, and all that crap, but we don't rationalize why. And as we said, Nvidia, interesting. is NVIDIA waking up the semis or the semis waking up NVIDIA? And may I state for the record, a move through 150 on NVIDIA would be quite the quite. The high was 150-289, but that was on a reversal day. Needs to jump 146-55 first, we'll call it 150 and then 150-289, which was the reversal day.
Starting point is 00:29:25 If that occurs, another leg up. notice the word if we didn't say it is so just letting you know very good beta today and we already email unexpected expected we don't we're not into the expecting game we let the market dictate we knew where the strength was and they showed themselves today the leading stocks showed themselves today. Now what it's a matter of is the market going to cooperate as we head into earnings season, which starts in a couple of weeks, usually on a Friday with some of the big banks. And then we go through about three or four weeks of a ton of earnings reports that we wake up early and work late to go over who.
Starting point is 00:30:34 Who's reporting what? What they're reporting? And most importantly, what were the reactions? So we already have our nice little list. And we'll see what comes of it next week. Today was a potentially very important day. Imagine a flag and turned upside down. And imagine the bottom of the bottom of the,
Starting point is 00:31:07 that flag holding for three weeks and then turning up. That's what a lot of areas look like today, including the small and midcaps. And of course, that's what helped the advanced declines today. Now let's hope for, and there's never any guarantees, continuation. We know what names. We just need the market to cooperate as we. we go into next week. January is sometimes very difficult, driving one up the wall, but you still cannot hide strong leaders in the market. And let me repeat again, yesterday, things like Spotify held a 50 day,
Starting point is 00:32:06 GEV held the 50 day. But just that you've held an important area doesn't mean the next day you're going to jump. They jumped today. Tells you something. And those that were thinking, oh, it's going to worsen and go into this big bear, market got very much defended yesterday and got a little bit offensive today. I repeat, it will need to continue to cooperate. Bitcoin was just up a little bit today, but you know what they did today?
Starting point is 00:32:45 Micro Strategy, up 13%, even though Bitcoin was up just a little bit, catching up a little bit. catching up a little bit. Beta. Coinbase up 5%. Beta. And again, what we mean by beta, it just means the juices be flowing. We've already scanned about 1,200 names. Oh, we've got our list. We'll scan one more time over the weekend, especially the bad areas, to see if anything else got better and not just bounced. I'm not so sure much got better. And I'm still unclear about the semis, but very good day today.
Starting point is 00:33:36 And there's your story of the day. As we head into earning season, by the way, yields were even up today. One would think that wouldn't happen. Dow was up 339, not even 1%. S&P 73, we'll call that about 1%. about 1.3, NASDAQ up 340. That's pretty damn good. 1.77%. Nasdaq 100 up 1.67%.
Starting point is 00:34:07 Pretty damn good. Russell, 3.3%. Keep in mind, it's been blasted. The midcaps, that can't be right. 1.19%. And by the way, I gave you a bad number on the small caps. 1.5% on the small caps. Yeah, I knew that couldn't be right. China remains weak.
Starting point is 00:34:33 Gold miners remain. Most everything we have said that is weak, even though a bunch of it bounced, still relatively weak. And if anything changes there, we shall not be shy. Now, I mentioned Carvana earlier. We got a few emails on that, which tells us people own it. I always had simple thoughts. I never want to own anything that people are claiming accounting problems or the CFO resigned.
Starting point is 00:35:14 I have to tell you that's the people that run Carvana. Let me be careful with my words is not to be sued. They're quite interesting and quite a history. you may want to read up about it. In any case, it's Hindenburg research that came out with it. I guess you can go to their website and see what the story is. They're claiming some closely held companies were trading back and forth and moving things around and making things look better and all that crap.
Starting point is 00:35:54 That's what they were claiming. And the market certainly is reacting. It's gone from 268 to 177 as of recent and really cracked in the last few days. I have absolutely no clue, and I'm certainly no accountant. But I can see what a stock's doing, and the institutions are in there saying, get me the hell out of the way. And that's a little bit of that. Anything else I'm watching, just the leaders.
Starting point is 00:36:30 And now the semis, because if they come on, Oh, Broadcom, Nvidia, Taiwan Semiconductor really stand out. Marvell, MRVL, really stand out in the semiconductor space. And we've been telling you that all along. And then there's earnings. We will not touch a stock within a certain time frame of earnings. We're cowards. Up next.
Starting point is 00:37:06 this, that and the other thing and whatever else. I'm Gary. This is the one only investors' edge. Hello, I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of research, Jake Mbata.
Starting point is 00:37:47 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. How do different accelerators go together?
Starting point is 00:38:06 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.
Starting point is 00:38:29 Where do you imagine we are in the timeline of this technology? There will come a point when it will mature. Right? Yeah. My cell phone is a mature technology at this point. How far are we from that point with Conton? By 2029, we'll build the first fault-tolerant quantum computer. That is one that can run a very, very large, large problem.
Starting point is 00:38:52 To learn how IBM is building the future of computing, visit IBM.com slash quantum. Want to earn extra income for your business? Amazon Hub delivery is looking for ambitious business owners to assist with local deliveries. When you become a partner, you and your staff will deliver packages to customers in your area on a schedule that works for you.
Starting point is 00:39:14 With each package delivered, you'll gain extra income and exposure for your business. Plus, Amazon Hub Delivery makes it easy to get started. There's no upfront costs, delivery experience, or long-term contracts required.
Starting point is 00:39:25 Sign up to learn more at Amazon.com slash Hub Delivery. That's Amazon.com slash H-U-B delivery. Hey, it's Ryan Sechrest for Albertsons and Safeway. It's Stockup Savings Time, now through March 31st. Spring in for store-wide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, Body Armor, Orahida, Silk, Capri-San, Bavarian Meets, and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in-store or online for easy drive-up and go pick up or delivery. Restrictions apply. See website for full terms and conditions. What are you waiting for?
Starting point is 00:40:09 One, two, ready, go. Investors Edge with Gary Culper. And welcome once again to Investors Edge. By the way, I've already put up something on my Twitter feed about, hey, great, voted in a speaker, but do not forget all of them voting today in part or in big parts have taken us the 36 trillion of debt in 2 trillion plus yearly deficits. this new administration, it better not be snow-jobbing us on what they will do. And we can only hope. I don't trust any of them.
Starting point is 00:41:15 I don't trust. And you know why. They've all figured out their power is their spending. It's their power. It's their power. And just so you know, they have spent so much in the last year. and gone into so much debt in the last year. There is no doubt my mind.
Starting point is 00:41:48 It was all to have the economy be as strong as possible and keep in mind. Government spending is in GDP. You think I loathe Biden? By the way, he's walking out the door, rewarding the most heinous murderers, getting him off of death row. What a sick thing to do. Sickening. He can't be out of here soon enough.
Starting point is 00:42:23 In late breaking news, I don't know what this means, but Trump has lost his latest bid to overturn the New York criminal conviction and he's ordered to appear for sentencing on January 10th. What the? Huh. Huh. I also would like to mention to you that since the election, and this is where we worry a little bit, the fart coin is up 2,900 percent. A fake meme coin called the fart coin is up 2,900%. Today was another day where a bunch of no sales, theme stocks. Here's one that has gone from 3 to 17 in the last, since the election.
Starting point is 00:43:25 Here's another one that's gone from 30 cents to 3 bucks. batteries and drones and quantum computing. No sales stuff. Here's one today that was up 20%. An air taxi service, vertical takeoff and landing. No sales company was up 20% today to $9.77. No sales. It has a $7.5 billion market.
Starting point is 00:44:01 cap. Be careful. Be careful. All of them go back to where they came from if nothing changes. Here's another one. Electric vertical takeoff and landing. How many of these are there? This one's gone from three to 11 in about, since the election, a $5 billion market cap. And we're going to keep bringing these things up to you just to let you know we're not telling you to buy them sell them short them or cover them but just realize what typically happens to things that have no sales when the music stops and there's been some wild ones i'm looking at one has gone from a dollar 30 to 78 back to 22 in the last nine days no i'm not making this up i'm not making it up so be careful.
Starting point is 00:45:11 And I must tell you, every day there's another one showing up. Here's a quantum computing name that's gone from a buck to 19. In about six weeks, they have no sales. It's got a $3.6 billion market cap. You're buying a company with no sales for $3.6 billion based on shares outstanding times price. So we'll keep warning you, letting you know they can continue to go higher, but letting you know when the music stops, there will be no chairs to sit on, and how do we know this again for the thousandth time? We have gone through and studied like madmen, bull and bare markets, froth and speculation, the maddening crowd, and every time they all went back where they came from.
Starting point is 00:46:20 Now there is one little proviso. There have been a few no sales biotechs that were bought out for billions based on a drug that was in trials, maybe in the third stage of trials, and big bets were made. I've seen that I wonder if anybody's going to pay $5 billion for an air taxi not so sure what do you think
Starting point is 00:47:01 as far as quantum computing I am not Sheldon Cooper and I have no clue what the heck that's going to be about I know what the definition is but I don't know how I think I'm counting now about 12 stocks there may be more
Starting point is 00:47:17 that have gone to the upside in the last weeks on quantum computing, and the total number of sales for those 12 stocks is hardly anything. I think I saw one with sales. So a word to the wise, don't be the last one in. If you can catch them, you can make big bucks. But typically everybody hears about them after they've already. made big moves. All right. I'm headed for Northeast into the freezing weather. You'll have a great weekend. Drive carefully. When you get home, do like we do. Quite simple. Make sure you hug your
Starting point is 00:48:05 family. Make sure you hug your children. They will feel better. You will feel better. I promise stay well, be well. Until Monday. Peace out all. Good night. This has been Investors Edge with Gary Coltbaum on Biz Talk. To listen to past episodes or to get in contact with Gary, go to Gary K.com. That's Gary Kay.com. Amazon Hub Delivery wants to partner with your business. Help your business. Help your neighbors. Discover a new stream of income for your business
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