Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
Investor's Edge with Gary Cultbomb, straight talk about you and
your money now from the Biz Talk Studios. Here is
Gary Cultbomb.
Speaker 2 (00:11):
And well once again to Investor's Edge, I'm Gary Kolpbomb,
your host day. Thanks for being with us today. Glad
you here, ladies and gentlemen, Happy that you are listening.
It's Tuesday, July twenty second, twenty twenty five. I hope
you're having a good day. As always, we have lots
to cover, serious talk on everything that affects you. Will
do markets, the economy, your job, your industry, and all
(00:34):
the crap emanating out of Washington, d C. And all
the good that may be emanating out of Washington DC.
I got a little bit of that today. See I'm
not always negative on DC. Right, I'll do that in
a minute. But first, if you do not get this
radio show and you city, we'll post it on Gary
k dot com. We'll just post it on our X
(00:55):
fleet feed notice I said X and on the podcast apps,
and if you'd like to email us, just be nice,
very simple. We like nice because we're nice back unless
you like humas, then we're not going to be so nice.
Ladies and gentlemen. We've been starting the show every day
(01:16):
with the markets, and you guys are very happy with
that and gals, But today we're gonna spend some a
few minutes on some other things, if it's okay with you.
Ozzie passed away. Now, I it's not that I am
(01:40):
not a Black Sabbath fan, but you know my groove, Yes, Genesis, Rush, Rush, Yes, Genesis.
Those are my three. Right underneath that is a bunch Steely,
(02:08):
Dan Eagles, Billy Joel, Rolling Stones, Springsteen, Jackson Brown, who
I'm going to see soon because I'm not running on empty.
I got calls today from friends of mine that left
(02:36):
work and went to a bar because Ozzie passed away.
When Jerry Garcia passed away from the dead, I have
one friend that's seen him seventy five times, and I
don't know if you know, Bill Waltons seen him like
two hundred times. I know people when Jerry Garcia passed away,
(03:00):
left their families for a week and just flew somewhere
and just got away from it. Ozzie has that type.
And by the way, we're complimenting these people because of
(03:23):
their passion. I'm getting older. Neil Perk passed away for
Rush drummer and songwriter, and they haven't toured again. Glenn
Fry of the Eagles passed away at a very young age.
Walter Becker of Steely Dan passed away. These are my groups,
(03:48):
but most Brian Wilson just passed away of the Beach
Boys eighty two years old, sliced alone of sly in
the family Stone. By the way, Greg Kin passed away
of the Greg Kin Band. You know what he's saying, Uh,
jeopardy baby. Anyway, we know we're getting older now by
(04:13):
our favorites passing away, and it's happening with actors and actresses.
You know. Johnny Carson was my favorite. I didn't realize
he passed away twenty years ago. I think it was six. Anyway,
(04:34):
I just wanted to bring that up because I got
calls from friends that are beside themselves and they knew
Ozzie has had dementia. He just did a concert though
a month ago and has been health related to pe.
They thought he was dead five years ago. I have
friends that are beside themselves this afternoon over Ozzie passing away.
(05:04):
Oh and by the way, Phil Collins is never gonna
tour again. He's very health written as they say. Anyway,
how to start with that, I'm gonna compliment DC, and
believe it or not, I'm gonna compliment Robert Kennedy and
(05:30):
Marty McCarry. I believe he's the head of the FDA.
So it has been well known that the products here
have a lot more stuff in them than in other countries,
namely food, dyes and additives and chemicals and all kinds
(05:53):
of stuff, posing the question what the hell are they
doing to us? It is well known that people in
Italy eat a lot of pasta and never get fat,
But if we eat a lot of pasta, we get fat.
It's how it's made, I guess. So I'm gonna give
(06:16):
kudos today. I can't believe I'm saying this to Robert
Kennedy on this. I've called him a liar on this
show because he does lie about the vaccines, But on
this we are going to give him props. And Marty McCarry,
I will just watch them on TV. FDA Commissioner, I've
(06:39):
always said to you, how many times have I been
on the show and said, do you know if you
eat that, you've got to now walk seven hours to
work it off? I've done that quite a few times,
and of course the fast food. And look, I'm a
big believer in individual responsibility, you know that, but man
(07:04):
oh man, man oh man, some of the things at
these places. You literally gotta walk seven hours to work.
Crap off. Anyway, take care of yourselves, stay healthy. It's
the most important part of the equation. You do know that.
(07:26):
I don't care how rich you are, how poor you are,
how middle class you are, where you live, what you do.
If you're not healthy, what the hell? And I know
some very young people that are very unhealthy have bad health.
And then you ask, well, I smoke SIGs, I drink
(07:46):
a lot of you know, on the week. Duh. Life
is pretty simplistic sometimes kids. Anyway, I wanted to give
a compliment to that because I know I don't complement
DC very much. And frankly, I can spend a couple
of shows today blasting DC on some other things. But
you know what, we're not going to do that today.
(08:11):
We're gonna be We'll just leave that alone. But good
on them, and read up about it. They're gonna get
a bunch of food, dyes and chemicals, and it give
us the question. These companies that are making these things.
(08:31):
Do they just not like us that they're gonna take
them out now and it will do better for us?
Think about that? Do they just not like us? Oh? Yeah,
we had this chemical in here and this food dye
(08:53):
in here. Oh, we're gonna take it out now because
we recognize all right, we'll see how it plays out.
We'll stay on top of that. But uh, it's quite telling,
don't you think. And by the way, this kind of
like a rush to do all this now. Politics and
(09:19):
power do move people, don't it. This wouldn't happened if
not for this administration. I'm gonna give them kudos. And
you know, there's a lot of things I don't like
about this administration. Oh, and there's some things that I
love about this administration, namely the border. Fantastic. If Trump
(09:44):
doesn't do another thing right what he has done on
the border, saving lives, nobody's drowning anymore, trying to get
over nobody's dying in the pack of trucks of heat.
No kids are being kidnapped anymore and being sold off.
(10:07):
Joe Biden should have been impeached just for what he did.
Think about that on purpose, knowing let all those people
in come on and we'll take care of you. Don't worry.
(10:27):
Everything's fine, Everything's just fine up next to markets. I
promise this is the one on the Investor's Edge. Hi.
Speaker 3 (11:02):
I'm Gary Kolbaum, hosted a nationally syndicated radio show Investor's 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
(11:25):
you in achieving your financial goals. Understanding not all individuals
have the same needs, will 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 eight
eight eight four two two five five five nine. That's
(11:48):
eight eight eight four two two five to five five nine.
That's eight eight eight four two two five to five
five to nine. Investment advisory services offer through Call Capital Management.
Speaker 4 (12:05):
It's time to switch on the integrator units and get
the brain cells where.
Speaker 5 (12:09):
You're listening to. Okay, it could be fun.
Speaker 2 (12:14):
Investor's Edge the last bastion of quality programming.
Speaker 1 (12:18):
With Gary called Bomb.
Speaker 2 (12:19):
It doesn't get better than this. And welcome once again
to Investor's Edge. And by the way, just to tell
you how much some of these people suck, I'm gonna
(12:40):
repeat something. Last week there was a New York Times
op ed. The headline the title was I was one
of Biden's border advisors. Here's how to fix our immigration system.
So you get this miserable failure of an advisor and
you let let him do an op ed to tell
(13:01):
you how to fix the immigration system. When this advisor
led in ten million people unabated. Yeah, let's go to
the doctor and with a broken left arm and he
puts a cast on your right arm. That's who this
guy was. By the way, his name, it won't give
(13:24):
you the name, guest essay. By His name is Blas
Nonz Netto Assistant Secretary for Border and Immigration Policy at
the Department of Department of Homeland Security during Biden's administration.
So he worked under majorcis another miserable failure, but don't worry.
(13:46):
They're all going to be teachers at colleges and then
go speeches for one hundred thousand bucks a pop. Only
in DC can these failures. And now let's get to market.
So a couple of things we always talk about earnings
(14:08):
will do this. Great stocks turned to crap. Crap stocks
turned great. Sectors that were comatose all of a sudden upside.
Big time areas that were strong go bye bye. Well,
(14:31):
First off, full and fair disclosure. About two weeks ago,
we probed the ITB. It's an ETF Home Construction Index ETF.
It's got housing in it. Some of the home construction.
(14:52):
We stopped out four days later when they were croaking
them down to support and we awaited earnings. Well, let
me read to you the earnings today. Pulty Homes earnings
down fifteen percent, revenues down four percent, their worst quarter
(15:14):
in a year. Bear with me. D R Horton earnings
down eighteen percent, revenues down seven percent. Not their worst quarter,
but still earnings and sales down. D R Horton was
up seventeen percent today, up twenty two dollars to one
hundred and fifty three as the bottoming process absolutely confirmed
(15:38):
today on big volume Pulty Homes was up eleven percent
today on a one hundred and fifty five percent of
volume up twelve and changed to one twenty one that
ITB was up seven point eight percent today, got back
all that laws down to support and more. And the XHB,
(16:02):
which is another ETF the homebuilder select was up five
point eight percent. Classic bottoming process. That my mistake was
buying on the move up instead of the pullback. And
now we'll see what comes of it. We definitively, indubitably
(16:26):
have an interest on getting back in the homebuilders. And
I think there's a combination of things going on there.
Number one, interest rates have started to tick lower. Number
two is leave no doubt next May, Powell's gone, the
(16:53):
President is going to put in a puppet, and the
president is going to run the Central Bank via this person.
The President wants one percent FED funds. There's a reason.
(17:24):
There's a reason, so in the anticipation of that, just
the anticipation I think that's going on now. Next May
is a long way away, but I'm pretty sure. My guess.
My guess is that the President will announce the next
(17:47):
person who won't shut the hell up about J. Powell. Now,
we believe the President is wrong completely on Powell as
in real time, and just so you know, we've been
as big as critic J. Powell is often just a
(18:09):
wee bit. Maybe the ten year yield closed at four
point three to three today J Powell's at four and
a quarter. We think the Fed can be a half
point below the ten year, so he can be a
half point below three and three quarters, but no lower
(18:30):
than that, No lower than that, no lower than that.
The President would be crazy to go to one percent,
and we don't think he will, but you never know
with him. Member Liberation Day. So we think that's what's
(18:52):
going on, and we'll see where it goes. Very good
day for the home builders, but also a very good
day for them the broad market. You know what we
mean by that. We have this middle screen here, which
is the broad market. It's the transports, the airlines, the homebuilders,
the chemicals, the industrials, the insurance, the restaurants, the food
(19:15):
and beverage and tobacco, the financials of all stripes, auto dealers, drugs, healthcare,
the down and out crash, managed care, farm machinery, hotels,
and the like. Notice we didn't say tech. It's we
(19:40):
call it the stuff. Had a very good day to day,
led by the homebuilders, and that's how you get to
downt one seventy nine. But the Nasdaq down eighty one
and the Nasdaq one hundred, down one sixteen. Weekday for
the Semis in some of those glamour names, I'm not
(20:03):
sure if it's going to follow through or not. But
weekday for the Semis and Vidia, I'm showing it down
five bucks totally on the day, and that includes a
little after hours. It's a little drop in after hours,
and maybe that's because they're just a little extended. But
one that has me a little perplexed is KLAC, one
(20:25):
of the stronger equipment makers, down forty six bucks today,
breaking the twenty one day moving average we already know
about ASML on their week earnings, down another fourteen today.
Micron broke the fifty day moving average today, So a
little bit of iffy action there. Up next, we'll stick
(20:46):
with the markets. I got other areas to discuss. This
is the one only investor's Edge.
Speaker 5 (21:11):
You're listening to.
Speaker 2 (21:12):
America is talking calling Investor's Edge.
Speaker 4 (21:16):
He's gotta be with the crowd. Is just on his feet.
Speaker 1 (21:19):
Here, said a boy with Gary called Bob.
Speaker 4 (21:23):
I'm highly recommended. You're gonna feel better if you talk
to him.
Speaker 2 (21:38):
And welcome once again to investor's edge. So I said
to you, a good broad market. I want to add
in again, China had a decent day. If you look
at the FXI on the verge of breaking out UH
to new highs. That is the ETF that's called the
China fifty Index. I mentioned yesterday what we call the
(22:03):
gil Morales pocket pivot. In gold didn't break out the highs,
didn't break out of the thirteen weeks, but good move
off the fifty day. Well that was up almost another percent.
Today the gold miners better than a percent. Actually, the
gold miners are up two percent, so they're starting to
come on. And gold miners almost broke the highs well
(22:26):
intra day it did, but pulled back. And I can
tell you this some gold miners, let's see ae M
new yearly high. By the way, some of these report
earning soon AU new yearly high. So some gold miners
already there. And of course silver is on the strong
(22:47):
side too right now. Broke out at around thirty two
bucks about six weeks ago and is already up about
ten percent. That's silver. So a lot of moving parts
in the market. Keep in mind in the midst, in
(23:10):
the midst of massive earnings season, and you never know
what's going to go good. Or Texas Instruments, which closed
at two fifteen today one ninety eight in the after market.
(23:31):
Ew ew ew Intuitive Surgical closed at five to eleven.
I got it at four eighty six in the aftermarket. Again,
you just don't know. That's why we never play around.
(23:54):
Pegasystems closed at fifty and fifty one forty two in
the after market. The Great Sap Software Company closed at
three oh six, two ninety four in the after market.
(24:14):
By the way, I did not know these after market numbers.
I'm doing that in real time for you. So a
few X in the after market. We'll see what tomorrow brings.
But uh, a few X in the after market as
(24:35):
we speak. And tomorrow you get Hilton and Northern Trust
and Chicago Mercanton Exchange in Boston, Scientific and Freeport, Macmaran
and Amphenol and Google after the close, in Chipotle after
the close, and IBM after the close, in Tesla after
the close, and Service now into the close. Everybody's watching
(24:57):
what Tesla is gonna do? That's all anybo he talks about.
What else do I want to bring up from the
market today? Netflix? Netflix finished down today forty three dollars.
You see, it was down sixty eight bucks on Friday.
(25:19):
It was up like twenty something yesterday. And we're thinking,
maybe this is gonna be one of those gaps to
the downside that get ignored and turn back up rare occasion.
But we were in Hopes down forty three today, see you,
(25:39):
And I think we have mentioned to you. Spotify seems
to be in sympathy with Netflix now. That was down
thirty one bucks today to six seventy five or four
and a half percent, breaking the fifty day moving average.
So a little cause and effect on Netflix and Spotify.
(26:00):
And I gotta tell you, I went through Netflix numbers.
They look so bad. I think it's just that it's
had a good run, I guess. And sometimes even the
best news sells off because of how good of a
run something has had. That's the name of the game.
(26:21):
And again I just repeated to you, and I didn't
even know it. You got a few stocks getting smoked
in the aftermarket and we'll see what that brings tomorrow.
I do see Capital one finan, it's only up two
bucks to two hundred and twenty. That's not gonna change
any playing field out there. So Texas Instruments, SAP, pegasystems,
intuitive surgical all ick in the aftermarket, and of course
(26:46):
that can change overnight. I'm most interested in Texas instruments
actually though, because of semiconductors. Let's see that'll open up
a little bit below the fifty day moving average if
nothing changes, how's that for the after market report of
the day in real time? Yippie yaya. But overall, besides
(27:17):
a lot of green on screen, a lot of green
on screen in the aftermarket, because the texts say down
a little bit, I don't think that's big of a deal.
Strength banks, I believe I said to your city, Group's
(27:38):
actually the strongest bank stock right now. Up another bucking
change today, second place bank in New York. I'm only
up minuscule. And what have we told you about banks
and semis? No chance of bear markets if they are
in shape, I've never seen one. And as we've told you,
(28:03):
we've studied every bull and bear market, every one of them.
There's a cause and effect, and there's always a reason.
The financials used to be number one, but after eight
they became number two. Semis are one financials number two.
(28:26):
Is it one hundred percent at a time? No, but
I'd say it's in the nineties and the semis have
done the job recently. I doubt Texas Instruments will change that,
but you never know. Now tomorrow Tesla, I have no clue.
(28:48):
The only thing I can tell you about Tesla is
all their numbers of selling vehicles, all of them have
been lower year over year in most areas around the globe.
And last quarter sales were down nine percent year over year,
(29:09):
their worst number, and I can't begin to tell you when,
and earnings were down forty percent. But it was announced
by Elon. He's now sleeping at the Tesla headquarters again
and frankly, probably a smart move for that genius. In
(29:35):
case you also don't know on Elon, he's got this
SpaceX something called XAI. That's the artificial intelligence. He's got
this neuralink. Have you looked that up? He thinks it's
going to be able to I think blind people no
longer blind, parallel people that are paralyzed. He thinks that's
(30:02):
can be part of that. Go look up neuralink. He
also had these tunnel things going. I don't know if
it's if that's happening. I forgot what that's called. The
Boring Company. I think maybe it's called Believe it or not.
I think that was the name of it. Anyway, I
think nothing personal because I never met him. Wow wow wow,
(30:29):
And I'm a complete agreeance with him on what he
thinks on what they did in DC with this lad's
big beautiful bill. It was a very big beautiful scam
on you, the investing public. But don't worry. Markets loved
(30:52):
Debton deficits until they don't. Ten year yield down another
point three six to four four three three six good,
the lower the better, simple as that. Oil prices down
(31:13):
a little bit today, like to see them much lower.
But interesting enough, oil prices except for one little visit
up and two little visits down, it's traded within a
seven to eight percent range for the year. For the
last year. I don't mind that. Stability, stability and oil
(31:37):
prices and yields is a good thing. Up next this,
that and the other thing and whatever else. This is
the one only investor's.
Speaker 5 (31:48):
Edge you're listening to, what are you waiting for one
(32:19):
to ready go?
Speaker 2 (32:25):
We can't recalled bo in other news, So we get
(32:46):
a lot of pushback on our feelings on tariffs. And
let me repeat, tariffs in certain circumstances will work. It
does move the needle. Seriously, if certain food is coming
from a different country and you put a tariff on
(33:07):
that food, and the reason why that country's food moves
better than ours is because they have a lower cost,
and that tariff makes it a higher cost to us
to get We may not get there from them anymore,
and then get it from here. But it's not really
(33:28):
an advantage because there's a reason why that food was
coming in because it was a lower cost. So you're
hurting actually the consumer here. So let's say it was pretzels.
I'm just making something up. Let's say it was ten
dollars a pound, just making something up. But it came
(33:51):
from another country at eight dollars a pound. Well, you're
now going to tariff them to the point where if
you bought it bought it in here, you're now paying ten.
So you can now buy it from here. The producers
is here, the production is here, and you don't get
it from there. But what are you doing. You're screwing
(34:14):
the consumer here because they're now going to pay more.
If not, but the goal, I guess is to have
it done here. So just letting you know. And some
things make absolutely no sense whatsoever. In tariffs, Trump just
announced a trade deal with the Philippines. Get this. We're
(34:36):
going to lower the tariffs that their citizens pay to
buy our goods from six percent to zero. But the
President is now raising the tariffs we pay to buy
their goods from ten to nineteen. I'm sorry the president
(34:59):
is ours back wards on these tariffs. But he's so
into this. Oh, they're paying the debt. It's going to
the treasury. Oh and last month was twenty billion. He's
so into that. Let me just state for the record,
he'd better not overdo that. I think we'll be able
(35:23):
to get away with low tariffs. I don't think we're
going to be able to get with high And that's
why they did the pause. And now we're hearing August first.
This is going to be August fifteenth. On the thirties, forties,
and fifties, we'll see crypto. Uh PNC Bank now is
(35:48):
going to partner with Coinbase to off of crypto services.
Schwab is also doing that. Now I have a question
the last bear market in bitcoin with seventy do they
are they even considering that happening? Ever? Again, just a question,
(36:17):
and I heard was it Emirates Airlines are gonna take bitcoin.
We'll see. Just some food for thought. And since I
got asked about this Stephen Colbert, as I said yesterday,
(36:39):
I think I'm a Carson guy and I really haven't
watched Late Night, but he's now whinding, complaining, and the
left is whining and complaining. But we're hearing the show
is losing forty million bucks each year, and part of
that he was making sixteen million the year. God bless him.
We don't begrudge that. But you're losing forty million, and
(37:03):
you're complaining about the company that is losing that forty million.
I'm sorry, I can't agree. I think they've been looking
in the mirror too much, thinking they're so important because
they're celebrities. But I don't know about you, but losing
(37:25):
forty million should have his button canned. Right. They're complaining
about they say it's Trump that's doing it, And okay,
according to them, Trump caused the Chicago fire in the
San Francisco earthquake also, And by the way, I spent
one week watching Colbert's monolog ninety eight percent of his
(37:49):
monologue was putting down Trump. Just let you know. Carson
never touched it. Just let you know. And that's a
little bit of entertainment news for you, because I get
people ask me about all these things. By the way,
(38:13):
financials matter. You lose forty million bucks in a year.
Why I have the dumber question is or the smarter question?
Why would they keeping them on as long as they did?
Think about that forty million? And by the way, Stephen
(38:34):
Colbert did not disavow the forty million. Yet they're complaining
last but not least. And I don't know if we
have time. But Ben Bernank and Janet Yellen did an
op at in the New York Times yesterday about the
FED must be independent, ground zero and ground one. Two
(38:58):
numbskull heads of the FEDS that, starting with Bernank, who
started the printing of money and said, don't worry, it
won't last long, wrote a op ed. Will it be
like the idiot who ran Biden's immigration policy doing an
(39:21):
op ed? I don't know I haven't read it yet,
but I'm going to read it tonight and i'll report
back to you tomorrow. As you know, we don't think
the FED should be independent. We don't think they should
be a FED. I'd like somebody to please email me
and tell me what they do for us that benefits us.
(39:47):
In case you don't know, the FED printed to nine trillion,
cause distortions and they're losing about a half a billion
dollars on that. We'll discuss tomorrow. You have a good evening.
Drive carefully when you get home. Do like we do.
It's quite simple. Make sure you hug your family. Make
(40:09):
sure you hug your children. They will feel better, You
will feel better, I promise. Stay well, be well. I'm
on radio and I'm watching my little uh grant and
he's smiling at me, my grandson. Have a great one, everybody,
good night.
Speaker 1 (40:22):
This has been Investor's Edge with Gary kult Moom on
Biz Talk. To listen to past episodes or to get
in contact with Gary, go to Garykay dot com. That's
Garykay dot com.
Investor's Edge with Gary Cultbomb, straight talk about you and
your money now from the Biz Talk Studios. Here is
Gary Cultbomb.
Speaker 2 (00:11):
And well once again to Investor's Edge, I'm Gary Kolpbomb,
your host day. Thanks for being with us today. Glad
you here, ladies and gentlemen, Happy that you are listening.
It's Tuesday, July twenty second, twenty twenty five. I hope
you're having a good day. As always, we have lots
to cover, serious talk on everything that affects you. Will
do markets, the economy, your job, your industry, and all
(00:34):
the crap emanating out of Washington, d C. And all
the good that may be emanating out of Washington DC.
I got a little bit of that today. See I'm
not always negative on DC. Right, I'll do that in
a minute. But first, if you do not get this
radio show and you city, we'll post it on Gary
k dot com. We'll just post it on our X
(00:55):
fleet feed notice I said X and on the podcast apps,
and if you'd like to email us, just be nice,
very simple. We like nice because we're nice back unless
you like humas, then we're not going to be so nice.
Ladies and gentlemen. We've been starting the show every day
(01:16):
with the markets, and you guys are very happy with
that and gals, But today we're gonna spend some a
few minutes on some other things, if it's okay with you.
Ozzie passed away. Now, I it's not that I am
(01:40):
not a Black Sabbath fan, but you know my groove, Yes, Genesis, Rush, Rush, Yes, Genesis.
Those are my three. Right underneath that is a bunch Steely,
(02:08):
Dan Eagles, Billy Joel, Rolling Stones, Springsteen, Jackson Brown, who
I'm going to see soon because I'm not running on empty.
I got calls today from friends of mine that left
(02:36):
work and went to a bar because Ozzie passed away.
When Jerry Garcia passed away from the dead, I have
one friend that's seen him seventy five times, and I
don't know if you know, Bill Waltons seen him like
two hundred times. I know people when Jerry Garcia passed away,
(03:00):
left their families for a week and just flew somewhere
and just got away from it. Ozzie has that type.
And by the way, we're complimenting these people because of
(03:23):
their passion. I'm getting older. Neil Perk passed away for
Rush drummer and songwriter, and they haven't toured again. Glenn
Fry of the Eagles passed away at a very young age.
Walter Becker of Steely Dan passed away. These are my groups,
(03:48):
but most Brian Wilson just passed away of the Beach
Boys eighty two years old, sliced alone of sly in
the family Stone. By the way, Greg Kin passed away
of the Greg Kin Band. You know what he's saying, Uh,
jeopardy baby. Anyway, we know we're getting older now by
(04:13):
our favorites passing away, and it's happening with actors and actresses.
You know. Johnny Carson was my favorite. I didn't realize
he passed away twenty years ago. I think it was six. Anyway,
(04:34):
I just wanted to bring that up because I got
calls from friends that are beside themselves and they knew
Ozzie has had dementia. He just did a concert though
a month ago and has been health related to pe.
They thought he was dead five years ago. I have
friends that are beside themselves this afternoon over Ozzie passing away.
(05:04):
Oh and by the way, Phil Collins is never gonna
tour again. He's very health written as they say. Anyway,
how to start with that, I'm gonna compliment DC, and
believe it or not, I'm gonna compliment Robert Kennedy and
(05:30):
Marty McCarry. I believe he's the head of the FDA.
So it has been well known that the products here
have a lot more stuff in them than in other countries,
namely food, dyes and additives and chemicals and all kinds
(05:53):
of stuff, posing the question what the hell are they
doing to us? It is well known that people in
Italy eat a lot of pasta and never get fat,
But if we eat a lot of pasta, we get fat.
It's how it's made, I guess. So I'm gonna give
(06:16):
kudos today. I can't believe I'm saying this to Robert
Kennedy on this. I've called him a liar on this
show because he does lie about the vaccines, But on
this we are going to give him props. And Marty McCarry,
I will just watch them on TV. FDA Commissioner, I've
(06:39):
always said to you, how many times have I been
on the show and said, do you know if you
eat that, you've got to now walk seven hours to
work it off? I've done that quite a few times,
and of course the fast food. And look, I'm a
big believer in individual responsibility, you know that, but man
(07:04):
oh man, man oh man, some of the things at
these places. You literally gotta walk seven hours to work.
Crap off. Anyway, take care of yourselves, stay healthy. It's
the most important part of the equation. You do know that.
(07:26):
I don't care how rich you are, how poor you are,
how middle class you are, where you live, what you do.
If you're not healthy, what the hell? And I know
some very young people that are very unhealthy have bad health.
And then you ask, well, I smoke SIGs, I drink
(07:46):
a lot of you know, on the week. Duh. Life
is pretty simplistic sometimes kids. Anyway, I wanted to give
a compliment to that because I know I don't complement
DC very much. And frankly, I can spend a couple
of shows today blasting DC on some other things. But
you know what, we're not going to do that today.
(08:11):
We're gonna be We'll just leave that alone. But good
on them, and read up about it. They're gonna get
a bunch of food, dyes and chemicals, and it give
us the question. These companies that are making these things.
(08:31):
Do they just not like us that they're gonna take
them out now and it will do better for us?
Think about that? Do they just not like us? Oh? Yeah,
we had this chemical in here and this food dye
(08:53):
in here. Oh, we're gonna take it out now because
we recognize all right, we'll see how it plays out.
We'll stay on top of that. But uh, it's quite telling,
don't you think. And by the way, this kind of
like a rush to do all this now. Politics and
(09:19):
power do move people, don't it. This wouldn't happened if
not for this administration. I'm gonna give them kudos. And
you know, there's a lot of things I don't like
about this administration. Oh, and there's some things that I
love about this administration, namely the border. Fantastic. If Trump
(09:44):
doesn't do another thing right what he has done on
the border, saving lives, nobody's drowning anymore, trying to get
over nobody's dying in the pack of trucks of heat.
No kids are being kidnapped anymore and being sold off.
(10:07):
Joe Biden should have been impeached just for what he did.
Think about that on purpose, knowing let all those people
in come on and we'll take care of you. Don't worry.
(10:27):
Everything's fine, Everything's just fine up next to markets. I
promise this is the one on the Investor's Edge. Hi.
Speaker 3 (11:02):
I'm Gary Kolbaum, hosted a nationally syndicated radio show Investor's 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
(11:25):
you in achieving your financial goals. Understanding not all individuals
have the same needs, will 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 eight
eight eight four two two five five five nine. That's
(11:48):
eight eight eight four two two five to five five nine.
That's eight eight eight four two two five to five
five to nine. Investment advisory services offer through Call Capital Management.
Speaker 4 (12:05):
It's time to switch on the integrator units and get
the brain cells where.
Speaker 5 (12:09):
You're listening to. Okay, it could be fun.
Speaker 2 (12:14):
Investor's Edge the last bastion of quality programming.
Speaker 1 (12:18):
With Gary called Bomb.
Speaker 2 (12:19):
It doesn't get better than this. And welcome once again
to Investor's Edge. And by the way, just to tell
you how much some of these people suck, I'm gonna
(12:40):
repeat something. Last week there was a New York Times
op ed. The headline the title was I was one
of Biden's border advisors. Here's how to fix our immigration system.
So you get this miserable failure of an advisor and
you let let him do an op ed to tell
(13:01):
you how to fix the immigration system. When this advisor
led in ten million people unabated. Yeah, let's go to
the doctor and with a broken left arm and he
puts a cast on your right arm. That's who this
guy was. By the way, his name, it won't give
(13:24):
you the name, guest essay. By His name is Blas
Nonz Netto Assistant Secretary for Border and Immigration Policy at
the Department of Department of Homeland Security during Biden's administration.
So he worked under majorcis another miserable failure, but don't worry.
(13:46):
They're all going to be teachers at colleges and then
go speeches for one hundred thousand bucks a pop. Only
in DC can these failures. And now let's get to market.
So a couple of things we always talk about earnings
(14:08):
will do this. Great stocks turned to crap. Crap stocks
turned great. Sectors that were comatose all of a sudden upside.
Big time areas that were strong go bye bye. Well,
(14:31):
First off, full and fair disclosure. About two weeks ago,
we probed the ITB. It's an ETF Home Construction Index ETF.
It's got housing in it. Some of the home construction.
(14:52):
We stopped out four days later when they were croaking
them down to support and we awaited earnings. Well, let
me read to you the earnings today. Pulty Homes earnings
down fifteen percent, revenues down four percent, their worst quarter
(15:14):
in a year. Bear with me. D R Horton earnings
down eighteen percent, revenues down seven percent. Not their worst quarter,
but still earnings and sales down. D R Horton was
up seventeen percent today, up twenty two dollars to one
hundred and fifty three as the bottoming process absolutely confirmed
(15:38):
today on big volume Pulty Homes was up eleven percent
today on a one hundred and fifty five percent of
volume up twelve and changed to one twenty one that
ITB was up seven point eight percent today, got back
all that laws down to support and more. And the XHB,
(16:02):
which is another ETF the homebuilder select was up five
point eight percent. Classic bottoming process. That my mistake was
buying on the move up instead of the pullback. And
now we'll see what comes of it. We definitively, indubitably
(16:26):
have an interest on getting back in the homebuilders. And
I think there's a combination of things going on there.
Number one, interest rates have started to tick lower. Number
two is leave no doubt next May, Powell's gone, the
(16:53):
President is going to put in a puppet, and the
president is going to run the Central Bank via this person.
The President wants one percent FED funds. There's a reason.
(17:24):
There's a reason, so in the anticipation of that, just
the anticipation I think that's going on now. Next May
is a long way away, but I'm pretty sure. My guess.
My guess is that the President will announce the next
(17:47):
person who won't shut the hell up about J. Powell. Now,
we believe the President is wrong completely on Powell as
in real time, and just so you know, we've been
as big as critic J. Powell is often just a
(18:09):
wee bit. Maybe the ten year yield closed at four
point three to three today J Powell's at four and
a quarter. We think the Fed can be a half
point below the ten year, so he can be a
half point below three and three quarters, but no lower
(18:30):
than that, No lower than that, no lower than that.
The President would be crazy to go to one percent,
and we don't think he will, but you never know
with him. Member Liberation Day. So we think that's what's
(18:52):
going on, and we'll see where it goes. Very good
day for the home builders, but also a very good
day for them the broad market. You know what we
mean by that. We have this middle screen here, which
is the broad market. It's the transports, the airlines, the homebuilders,
the chemicals, the industrials, the insurance, the restaurants, the food
(19:15):
and beverage and tobacco, the financials of all stripes, auto dealers, drugs, healthcare,
the down and out crash, managed care, farm machinery, hotels,
and the like. Notice we didn't say tech. It's we
(19:40):
call it the stuff. Had a very good day to day,
led by the homebuilders, and that's how you get to
downt one seventy nine. But the Nasdaq down eighty one
and the Nasdaq one hundred, down one sixteen. Weekday for
the Semis in some of those glamour names, I'm not
(20:03):
sure if it's going to follow through or not. But
weekday for the Semis and Vidia, I'm showing it down
five bucks totally on the day, and that includes a
little after hours. It's a little drop in after hours,
and maybe that's because they're just a little extended. But
one that has me a little perplexed is KLAC, one
(20:25):
of the stronger equipment makers, down forty six bucks today,
breaking the twenty one day moving average we already know
about ASML on their week earnings, down another fourteen today.
Micron broke the fifty day moving average today, So a
little bit of iffy action there. Up next, we'll stick
(20:46):
with the markets. I got other areas to discuss. This
is the one only investor's Edge.
Speaker 5 (21:11):
You're listening to.
Speaker 2 (21:12):
America is talking calling Investor's Edge.
Speaker 4 (21:16):
He's gotta be with the crowd. Is just on his feet.
Speaker 1 (21:19):
Here, said a boy with Gary called Bob.
Speaker 4 (21:23):
I'm highly recommended. You're gonna feel better if you talk
to him.
Speaker 2 (21:38):
And welcome once again to investor's edge. So I said
to you, a good broad market. I want to add
in again, China had a decent day. If you look
at the FXI on the verge of breaking out UH
to new highs. That is the ETF that's called the
China fifty Index. I mentioned yesterday what we call the
(22:03):
gil Morales pocket pivot. In gold didn't break out the highs,
didn't break out of the thirteen weeks, but good move
off the fifty day. Well that was up almost another percent.
Today the gold miners better than a percent. Actually, the
gold miners are up two percent, so they're starting to
come on. And gold miners almost broke the highs well
(22:26):
intra day it did, but pulled back. And I can
tell you this some gold miners, let's see ae M
new yearly high. By the way, some of these report
earning soon AU new yearly high. So some gold miners
already there. And of course silver is on the strong
(22:47):
side too right now. Broke out at around thirty two
bucks about six weeks ago and is already up about
ten percent. That's silver. So a lot of moving parts
in the market. Keep in mind in the midst, in
(23:10):
the midst of massive earnings season, and you never know
what's going to go good. Or Texas Instruments, which closed
at two fifteen today one ninety eight in the after market.
(23:31):
Ew ew ew Intuitive Surgical closed at five to eleven.
I got it at four eighty six in the aftermarket. Again,
you just don't know. That's why we never play around.
(23:54):
Pegasystems closed at fifty and fifty one forty two in
the after market. The Great Sap Software Company closed at
three oh six, two ninety four in the after market.
(24:14):
By the way, I did not know these after market numbers.
I'm doing that in real time for you. So a
few X in the after market. We'll see what tomorrow brings.
But uh, a few X in the after market as
(24:35):
we speak. And tomorrow you get Hilton and Northern Trust
and Chicago Mercanton Exchange in Boston, Scientific and Freeport, Macmaran
and Amphenol and Google after the close, in Chipotle after
the close, and IBM after the close, in Tesla after
the close, and Service now into the close. Everybody's watching
(24:57):
what Tesla is gonna do? That's all anybo he talks about.
What else do I want to bring up from the
market today? Netflix? Netflix finished down today forty three dollars.
You see, it was down sixty eight bucks on Friday.
(25:19):
It was up like twenty something yesterday. And we're thinking,
maybe this is gonna be one of those gaps to
the downside that get ignored and turn back up rare occasion.
But we were in Hopes down forty three today, see you,
(25:39):
And I think we have mentioned to you. Spotify seems
to be in sympathy with Netflix now. That was down
thirty one bucks today to six seventy five or four
and a half percent, breaking the fifty day moving average.
So a little cause and effect on Netflix and Spotify.
(26:00):
And I gotta tell you, I went through Netflix numbers.
They look so bad. I think it's just that it's
had a good run, I guess. And sometimes even the
best news sells off because of how good of a
run something has had. That's the name of the game.
(26:21):
And again I just repeated to you, and I didn't
even know it. You got a few stocks getting smoked
in the aftermarket and we'll see what that brings tomorrow.
I do see Capital one finan, it's only up two
bucks to two hundred and twenty. That's not gonna change
any playing field out there. So Texas Instruments, SAP, pegasystems,
intuitive surgical all ick in the aftermarket, and of course
(26:46):
that can change overnight. I'm most interested in Texas instruments
actually though, because of semiconductors. Let's see that'll open up
a little bit below the fifty day moving average if
nothing changes, how's that for the after market report of
the day in real time? Yippie yaya. But overall, besides
(27:17):
a lot of green on screen, a lot of green
on screen in the aftermarket, because the texts say down
a little bit, I don't think that's big of a deal.
Strength banks, I believe I said to your city, Group's
(27:38):
actually the strongest bank stock right now. Up another bucking
change today, second place bank in New York. I'm only
up minuscule. And what have we told you about banks
and semis? No chance of bear markets if they are
in shape, I've never seen one. And as we've told you,
(28:03):
we've studied every bull and bear market, every one of them.
There's a cause and effect, and there's always a reason.
The financials used to be number one, but after eight
they became number two. Semis are one financials number two.
(28:26):
Is it one hundred percent at a time? No, but
I'd say it's in the nineties and the semis have
done the job recently. I doubt Texas Instruments will change that,
but you never know. Now tomorrow Tesla, I have no clue.
(28:48):
The only thing I can tell you about Tesla is
all their numbers of selling vehicles, all of them have
been lower year over year in most areas around the globe.
And last quarter sales were down nine percent year over year,
(29:09):
their worst number, and I can't begin to tell you when,
and earnings were down forty percent. But it was announced
by Elon. He's now sleeping at the Tesla headquarters again
and frankly, probably a smart move for that genius. In
(29:35):
case you also don't know on Elon, he's got this
SpaceX something called XAI. That's the artificial intelligence. He's got
this neuralink. Have you looked that up? He thinks it's
going to be able to I think blind people no
longer blind, parallel people that are paralyzed. He thinks that's
(30:02):
can be part of that. Go look up neuralink. He
also had these tunnel things going. I don't know if
it's if that's happening. I forgot what that's called. The
Boring Company. I think maybe it's called Believe it or not.
I think that was the name of it. Anyway, I
think nothing personal because I never met him. Wow wow wow,
(30:29):
And I'm a complete agreeance with him on what he
thinks on what they did in DC with this lad's
big beautiful bill. It was a very big beautiful scam
on you, the investing public. But don't worry. Markets loved
(30:52):
Debton deficits until they don't. Ten year yield down another
point three six to four four three three six good,
the lower the better, simple as that. Oil prices down
(31:13):
a little bit today, like to see them much lower.
But interesting enough, oil prices except for one little visit
up and two little visits down, it's traded within a
seven to eight percent range for the year. For the
last year. I don't mind that. Stability, stability and oil
(31:37):
prices and yields is a good thing. Up next this,
that and the other thing and whatever else. This is
the one only investor's.
Speaker 5 (31:48):
Edge you're listening to, what are you waiting for one
(32:19):
to ready go?
Speaker 2 (32:25):
We can't recalled bo in other news, So we get
(32:46):
a lot of pushback on our feelings on tariffs. And
let me repeat, tariffs in certain circumstances will work. It
does move the needle. Seriously, if certain food is coming
from a different country and you put a tariff on
(33:07):
that food, and the reason why that country's food moves
better than ours is because they have a lower cost,
and that tariff makes it a higher cost to us
to get We may not get there from them anymore,
and then get it from here. But it's not really
(33:28):
an advantage because there's a reason why that food was
coming in because it was a lower cost. So you're
hurting actually the consumer here. So let's say it was pretzels.
I'm just making something up. Let's say it was ten
dollars a pound, just making something up. But it came
(33:51):
from another country at eight dollars a pound. Well, you're
now going to tariff them to the point where if
you bought it bought it in here, you're now paying ten.
So you can now buy it from here. The producers
is here, the production is here, and you don't get
it from there. But what are you doing. You're screwing
(34:14):
the consumer here because they're now going to pay more.
If not, but the goal, I guess is to have
it done here. So just letting you know. And some
things make absolutely no sense whatsoever. In tariffs, Trump just
announced a trade deal with the Philippines. Get this. We're
(34:36):
going to lower the tariffs that their citizens pay to
buy our goods from six percent to zero. But the
President is now raising the tariffs we pay to buy
their goods from ten to nineteen. I'm sorry the president
(34:59):
is ours back wards on these tariffs. But he's so
into this. Oh, they're paying the debt. It's going to
the treasury. Oh and last month was twenty billion. He's
so into that. Let me just state for the record,
he'd better not overdo that. I think we'll be able
(35:23):
to get away with low tariffs. I don't think we're
going to be able to get with high And that's
why they did the pause. And now we're hearing August first.
This is going to be August fifteenth. On the thirties, forties,
and fifties, we'll see crypto. Uh PNC Bank now is
(35:48):
going to partner with Coinbase to off of crypto services.
Schwab is also doing that. Now I have a question
the last bear market in bitcoin with seventy do they
are they even considering that happening? Ever? Again, just a question,
(36:17):
and I heard was it Emirates Airlines are gonna take bitcoin.
We'll see. Just some food for thought. And since I
got asked about this Stephen Colbert, as I said yesterday,
(36:39):
I think I'm a Carson guy and I really haven't
watched Late Night, but he's now whinding, complaining, and the
left is whining and complaining. But we're hearing the show
is losing forty million bucks each year, and part of
that he was making sixteen million the year. God bless him.
We don't begrudge that. But you're losing forty million, and
(37:03):
you're complaining about the company that is losing that forty million.
I'm sorry, I can't agree. I think they've been looking
in the mirror too much, thinking they're so important because
they're celebrities. But I don't know about you, but losing
(37:25):
forty million should have his button canned. Right. They're complaining
about they say it's Trump that's doing it, And okay,
according to them, Trump caused the Chicago fire in the
San Francisco earthquake also, And by the way, I spent
one week watching Colbert's monolog ninety eight percent of his
(37:49):
monologue was putting down Trump. Just let you know. Carson
never touched it. Just let you know. And that's a
little bit of entertainment news for you, because I get
people ask me about all these things. By the way,
(38:13):
financials matter. You lose forty million bucks in a year.
Why I have the dumber question is or the smarter question?
Why would they keeping them on as long as they did?
Think about that forty million? And by the way, Stephen
(38:34):
Colbert did not disavow the forty million. Yet they're complaining
last but not least. And I don't know if we
have time. But Ben Bernank and Janet Yellen did an
op at in the New York Times yesterday about the
FED must be independent, ground zero and ground one. Two
(38:58):
numbskull heads of the FEDS that, starting with Bernank, who
started the printing of money and said, don't worry, it
won't last long, wrote a op ed. Will it be
like the idiot who ran Biden's immigration policy doing an
(39:21):
op ed? I don't know I haven't read it yet,
but I'm going to read it tonight and i'll report
back to you tomorrow. As you know, we don't think
the FED should be independent. We don't think they should
be a FED. I'd like somebody to please email me
and tell me what they do for us that benefits us.
(39:47):
In case you don't know, the FED printed to nine trillion,
cause distortions and they're losing about a half a billion
dollars on that. We'll discuss tomorrow. You have a good evening.
Drive carefully when you get home. Do like we do.
It's quite simple. Make sure you hug your family. Make
(40:09):
sure you hug your children. They will feel better, You
will feel better, I promise. Stay well, be well. I'm
on radio and I'm watching my little uh grant and
he's smiling at me, my grandson. Have a great one, everybody,
good night.
Speaker 1 (40:22):
This has been Investor's Edge with Gary kult Moom on
Biz Talk. To listen to past episodes or to get
in contact with Gary, go to Garykay dot com. That's
Garykay dot com.
Popular Podcasts
New Heights with Jason & Travis Kelce
Football’s funniest family duo — Jason Kelce of the Philadelphia Eagles and Travis Kelce of the Kansas City Chiefs — team up to provide next-level access to life in the league as it unfolds. The two brothers and Super Bowl champions drop weekly insights about the weekly slate of games and share their INSIDE perspectives on trending NFL news and sports headlines. They also endlessly rag on each other as brothers do, chat the latest in pop culture and welcome some very popular and well-known friends to chat with them. Check out new episodes every Wednesday. Follow New Heights on the Wondery App, YouTube or wherever you get your podcasts. You can listen to new episodes early and ad-free, and get exclusive content on Wondery+. Join Wondery+ in the Wondery App, Apple Podcasts or Spotify. And join our new membership for a unique fan experience by going to the New Heights YouTube channel now!
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!