Episode Transcript
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Speaker 1 (00:01):
Investor's Edge with Gary Cultbomb, straight talk about you and
your money now from the Viz Talk Studios. Here is
Gary Cultbomb.
Speaker 2 (00:12):
And well once again to Investor's Edge. I'm Gary Kolbaum,
your host a thanks for being with us today. Glad
you hear, ladies and gentlemen, happy that you are listening.
It is uh July twenty third, twenty twenty five. I
had a second time. Twenty three is my magic number.
It is July twenty third, And as always, we have
(00:35):
lots to talk about, lots of moving parts in the
markets in the world, and we will cover every one
of its seriously, with no agenda, no ulterior motive, no bias.
We'll just tell you what's working, what's not. We're in
the midst of earning season and there's a lot of
(00:56):
jello moving on the plate, ladies and gentlemen, and may
I date for the record, a lot of good moving
on the plate, simple as that right now. First off,
if you do not get this radio show and you city,
we'll post it at Gary k dot com WLOSO posted
on our Twitter feed. And if you don't follow us
(01:17):
on Twitter, I said Twitter, No, it's X. I gotta
get used to x feed, and if you don't follow
us on X you should. If you'd like to email us,
just be nice. So, ladies and gentlemen, the big stories,
as I see it, and i'm thinking, you know, is
(01:41):
trade deals. Back in April, the President put on these
massive tariffs, massive that crushed, absolutely crushed the markets. And
as you know, he immediately went to pause because he
(02:04):
was crashing the markets. And during that time, from April
to now, what we have received was threats, empty threats, threats,
empty threats. What do we mean by that? Oh, we're
(02:26):
going to put a fifty percent on on May fifteenth.
Oh we're changing it to June first, Oh, we change
You get my point. We give them credit for recognizing
what they were doing. They had one hundred and forty
five percent on China took it down. I don't even
(02:46):
know where everything is at this point in time. So
now we're at the point where deals are being cut.
That's what we're told, and we're all well and good.
The latest being Japan. Now you can go read up
about it and get to decide for yourself. The next
(03:13):
is the European Union. I think that's twenty six countries.
That's huge. The European Union is big as China. China
supposedly is a little bit tougher, but in the works.
It is just my opinion, and I have stated this
(03:34):
on several occasions, more than a few. I don't think
the markets are going up because of trade deals. I
believe markets are going up because getting rid of tariffs
gets the president out of the way. What have we
told you if we were president, we would lower taxes,
(03:56):
less regulations, get the hell out of the way. But
no these tariffs. And what the President has now done
is taking all these tariffs down. I think we're going
to be running ten percent on everybody or fifteen percent.
What you need to know on ten percent or fifteen percent,
(04:16):
it's a fly on an elephant's butt. That's number one.
Number two is there's exemptions up the wazoo. And what
that means is, oh, auto parts, no, no tariffs on autoparts.
Apple No, no tariffs on Apple. And you think Apple's big.
(04:38):
And then there's the workarounds. You know. The workaround is,
so I'm Walmart, I get a crapload of stuff at
this place, and now I got to pay a ten percent.
But I go to the country and say, hey, I'm Walmart.
(04:59):
I'm Walmart. Do you know how much we buy from you?
A crap load. So let's negotiate it, let's work on it,
let's figure it out. And that's how you work around
(05:21):
that stuff. So I'm a big believer the market's now
up for the year. I'm a big believer that we
would have never had the bear market. We would have
never had the crash if not for the tariffs. I
think we would have had a correction, but I believe
(05:43):
it would have been on the nominal side. And the
first leg down was all the uncertainty, yapping away every
day about guess what, tariffs and tariffs and tariffs. Now
you do know. I've also stated for the record that
(06:05):
my worry is him changing his mind and this, that
and the other thing. Well, again, I am in hopes,
in hopes that they have figured out what happened and
(06:27):
how bad things were, and that he can talk blue
in the face, the president that tariffs are paid by others.
But it's not true. It's paid by us. Though, as
I said yesterday, Remember what I said yesterday, they can
work if you are getting eggplant from Mexico. But Mexico
(06:56):
is charging less than us. We're gonna tend to get
it there, but if we put a tariff on it,
it's gonna cost more to bring that in. Thus we
may just produce it here, though it's still a higher cost.
(07:18):
It would still be a higher cost here. But back
on track, I'm a big believer that this market would
have never been gone into a bare phase, never crashed,
maybe a correction. And what we have done is we've
gone back to square one. That's number one and more
(07:42):
and why more because number one, yields have been stable,
They've been hanging around the same area and stability is
not a bad thing. Number two is oil prices have
been stable. Number three is the American people hard work, ingenuity, talent,
(08:11):
sweat toil, medical breakthroughs, technological advancements, a capitalist system where
we're all trying to do better for ourselves and our families.
(08:31):
And that's what's going on here. That's my story. Will
the President go back to big tariffs again? I hope not.
I hope not, But I am one hundred percent sure
(08:51):
the markets are working off of the tariffs, going away
from where they were. And in case you don't know,
if you ever go back to that poster on Liberation day.
I couldn't believe what I was saying. It was a nightmare.
(09:13):
So the announcement of Japan, the potential for the European Union,
and guess so what Dow up five hundred today, SMP
up fifty forty nine, nazdak, nazdak one hundred, labored a
little bit up one twenty seven and ninety eight. So
(09:36):
we'll call it a about a one point one percent
gain for the dow, s and p about its eight
tenths nasdak about six tenths nasdak one hundred, about about
four tenths percent to the upside. Advance declines pretty good,
(09:57):
up down volume, pretty good. The energy complex thingma Bob's
very strong day, though a bunch got sold into. There
was some casualties on earnings, and boy oh boy, there's
a lot of jello moving on the plate, ladies and gentlemen.
(10:20):
As far as earnings, we got some big ones and
after hours that will look over if they come through.
I'm noticing Google's down, but not that much. I'm noticing
Tesla is kind of flat, and whatever we find will report.
I'm gary, this is the one on the investor's edge.
(11:02):
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Speaker 3 (12:05):
It's time to switch on the integrator units and to
get the brain cells where.
Speaker 4 (12:09):
You're listening to. Okay, it could be fun. Investor's Edge.
Speaker 3 (12:15):
The last bastion of quality programming.
Speaker 4 (12:18):
With Gary called bomb. It doesn't get better than this.
Speaker 2 (12:27):
And welcome once again to Investor's Edge. So in late breaking,
the White House is announcing the America's AI action plan,
and I will tell you in after hours Broadcom and
(12:47):
video Taiwan Semi are all up a couple of percent.
I think broad comes up about almost three percent, and
Nvidio in after hours, yeah, about one percent. Taiwan's not
(13:07):
that much anyway, A good little bumping after hours for
the semis. What they're saying is they want export American
AI will partner with industry to deliver secure, full stack
AI export packages, including hardware models, software applications, and standards,
enabling innovation and adoption, upholding free speech in frontier models.
(13:29):
I don't know what the hell that means, but I
got to tell you some not on everything, but a
lot take away the tariffs, which I am completely against,
(13:49):
a lot of things the president is doing. On business,
I dig, I dig front and center. You didn't see
anything like this under Biden. Never Biden business. The only
(14:16):
business he liked is the one where he benefited, though
Trump is doing a little bit of that too. But
I am pleased that a lot of this is front
and center and by the way, in the aftermarket, a
bump up and we'll see what happens overnight, but strong
day to day in the Dow. This caterpillar type industrial
(14:40):
trade on horrible earnings and sales. They better recover up ten.
That's sixty five down points of boeingsposedly, Japan's gonna buy
some Boeing jets up five. American Express bounces after getting trashed.
Goldman was up seventeen today looks like it wants to
(15:00):
break out again. JP Morgan may look like I wanna
break breaks out again. Even United Health was up seven
and that stock's been trashed. And that's that. A little
update on aftermarket if I can find it. Because Tesla
is one of those high beta names. So they reported earnings,
(15:22):
and I got to see if I'm correct on this
forty versus fifty two. Last year they met estimates forty
versus fifty two, so earnings were down twelve cents from
fifty two, down over twenty percent. Sales were let's see
(15:48):
twenty two point five billion less than estimates and down
from twenty five point five billion, So sales and earnings
down for Tesla, but the stock is up in after
hours let's see how much. Eh I got it up
(16:10):
three bucks, which is small, but that can change. You
know they're gonna do a conference call and you know
they're gonna talk it up left and right. But boy
oh boy, for the record, they're gonna have to re
accelerate earnings and sales or else. What else? Today? Do
(16:30):
I even have to talk about what didn't work? I mean,
there were stocks that were down. I know fair Isaac
was down twenty two bucks. I saw that. But there
was some pretty darn good movers today Japan and Japanese
stocks benefited from whatever the deal is. And I can
(16:53):
tell you Toyota Motor was up twenty three to one
ninety three, and the Japanese banks had a nice little
move today. Also, I have yet to read into the deal.
And I got to tell you what was weird was
the guy who ran Japan stepped down. I don't know
(17:14):
what the hell that means, but anyway, I don't have
much complaint. I will tell you Bitcoin was down, Gold
was down, even though the dollar was down a little bit.
Small and mid caps had a decent day to day.
They're benefiting from better broad market. As I said, strength
in the banks and financials. Oils oil prices were hardly up,
(17:40):
but the OIH was up thirteen bucks to two fifty.
Now the other oil ETFs weren't nearly as much, and
that was an outcome of let's see what I can
find for you in the oil patch. How about baker
U's was up almost twelve percent today on their earnings,
(18:01):
and that's part of the OIH. HALLI Burton was up
three percent. Oh, they've been in bear market. Schlumberge a
three percent, So good day for that. So all I
can tell you on April twenty second, the market confirmed
a higher low and what we call and set on
(18:26):
this show a follow through day, a confirmation day. And
I have to tell you the big indicies have given
no trouble since, seriously have given no trouble since. I
think there was one scare day since April twenty second.
(18:50):
Towards the end of May, there was like one scare day.
But the big indices have not broken once. The twenty
one day moving average on the SPY on the QQQ
not finished below the twenty one. They screw the fifty day,
(19:10):
which is more important. That's the real big one. So
just letting you know that be the story, and if
anything changes, you know you're gonna hear it from us.
What else today, China is better, but still it's getting there.
And as I said earlier, the energy slash, construction slash,
(19:38):
all this talk of AI build out slash. Those stocks
were very strong today out of the get go, though
some did pull in pretty hard. But overall, what can
I tell you? There's gonna be a lot more earnings
to come. We have no I idea what anybody's gonna say.
(20:04):
We have no idea how the market's going to react.
I saw some today where UH estimates were missed and
the stocks went up. I saw some today where midst
earnings was strong and went down. Welcome to my world.
And as I go through, I see IBM reported down
(20:27):
fourteen bucks in the after market. That's not a good one.
And that's in the Dow. By the way, UH six
one six and twenty four. That's down about ninety Dow
points for tomorrow morning. And of course all that can
change and to tomorrow up next this, that and the
other thing or whatever else. This is the one only investor's.
Speaker 4 (20:50):
Edge you're listening to. America is talking falling investor's edge.
Speaker 1 (21:17):
The crowd is just on his.
Speaker 2 (21:19):
Feet here.
Speaker 3 (21:21):
Boy with Gary called Bob'm highly recommended. You're gonna feel
better if you talk to him.
Speaker 2 (21:37):
And well, once again to Investor's Edge, thanks for being
with us today. I am furiously trying to keep up
with the earnings reactions after the close. But again, the
big story today is they're cutting deals, uh, and they're
(21:58):
getting rid of the frickin' tariffs. And when I say
getting rid of, we're told that they're going to be
keeping ten or fifteen on everything, but I repeat, workarounds
exemptions up the wazoo. Now they're telling us, oh, look
(22:20):
at all this money into the treasury. They're tax hikes
on businesses here and potentially the consumer. That's all. And
they can talk blue in the face and lie to us.
We know better. But as we repeat it, by definition,
(22:43):
that is a tariff. But they can be worked out
and worked around. Small businesses have a tougher time doing that,
but the big ones can very much negotiate a lot,
very much, and we'll just see how it plays out. Again,
I have to repeat, let's just hope, let's just hope
(23:09):
we don't have to revisit April again. I'm thinking they've
learned their lesson. They don't want markets to crash. You've
got another mid you got a midterm election next year,
and the Democrats, that Marxist Party is just handing it
(23:33):
to them as bad as I think the Republicans are.
That Marxist Party just keeps handing it too the Republican Party.
It's amazing to watch. It's amazing to watch. And you
(24:02):
know where I bring this up. There is a something
called the Young Democrats of America. This is not a
little campus group. It is the youth wing of the
Democrat Party, the potential next generation of elected officials and
(24:28):
political operatives, the Young Democrats today. Let me put it best,
and I'm amazed I even have to bring it up.
(24:56):
Not North Korea or Syria where they're killing the Drus
and the head of Syria killed his own people with
mustard gas, not the Sudan or Iran, not Haiti, not China.
(25:22):
And read up what they've done with the wigers there,
not Venezuela, not Cuba, not the Taliban that have now
put the women in Afghanistan back into the dark ages,
not Hamas. But they came out today. Israel's committing genocide.
(25:55):
No mention of any of these other places and terrorists Israel,
and they think that's going to get them places. Just remember,
this is not about Israel, It's about democracy. They hate
(26:16):
Americle also, they're insane. It's about control freakism. If you
have freedom and the ability to be whatever you want
to be and have upward mobility based on your hard
(26:36):
work and smarts, you're their enemy. If you're successful and wealthy,
you're their enemy. That's why they hate Israel. As I
have told you, Israel, this magnificent sliver of land up
(26:58):
against the sea, with enemies to the north, east and south,
Israel has become this magnificent country of people that have
created unbelievable amount of startup businesses in technology and medicine.
(27:26):
Drive the highways of Israel, hotels, Grade A buildings. At
the top of the buildings, you see all the big
companies of the world. What they do down in Gaza.
They let the pricks steal all the frickin money and
destroy the place. Israel left in five. But we keep
(27:49):
hearing israel apartheid occupy they left in five The law
eyes continue. Why is this country so great in spite
of what they're doing in DC, because I'm reading stories
(28:14):
of people that came from nowhere, homeless to become wealthy
and successful because they applied themselves in this country, story
after story I read about on a daily basis. You
can't do that in other countries. They kick in the nuts.
(28:43):
So just letting you know, the Marxist Parties, young Democrats,
the young ones are also insane, unbelievable. It's just un
freaking believable. I had to bring that up because for me,
(29:08):
that's stuck out like a sore thumb. And you know
where they get their stupid from, the people that are
highlighted in the party, morons like Bernie Sanders, who's kissing
(29:29):
the ars of this guy running from mayor in New
York City, even though this guy hates Israel, hates Jews,
had no problem, doesn't want to put down the words globalize,
the Intifada, which is the death of Jews. Wants in interviews, seriously,
no private property, no billionaires, which is code for no millionaires,
(29:57):
government run this, that and the other thing. The Republicans
are terrible. The Marxist Party is making them look like
a tiptoe through the tulips, and they're making it so
damn easy with how stupid they are and the people
(30:18):
that they highlight. That's a little of my take. Little
update on big earnings in the aftermarket. IBM closed at
two eighty two. I got it at two sixty seven.
Tesla closed it three point thirty two and change three
(30:42):
point thirty one, not even moving.
Speaker 3 (30:45):
Uh.
Speaker 2 (30:45):
Google closed that one ninety and change one eighty seven
and change. Chipote Le closed at fifty almost fifty three
under forty eight. I could have told you that I
go to Chipotle. I get the double chicken with the
(31:07):
corn and the not hot tomato stuff with brown rice.
And when I go there, I speak to them and
they tell me at least a couple of the ones
I go to. Yeah, not very busy anyway, Chipotle is
down in thefter market also and service now the stock
(31:28):
just got trash. Recently closed at nine fifty six, it's
ten sixteen, up fifty bucks in the after market. That's
a good one, and I think those are the important
ones after the close today, a lot more in the
next couple of weeks. Ladies and gentlemen, Hey up next,
anything else I can come up with. I'm Gary. This
(31:49):
is the one only investor's.
Speaker 4 (31:50):
Edge you're listening to. What are you waiting for one
(32:19):
to ready? We can't recalled Bob.
Speaker 2 (32:50):
And walk once again to investor's edge. So back on
the markets. Gold down today because I think it's the
anti market thing. A strong day gold goes down. I
guess I think that that's what happened. But gold thirteen
(33:13):
weeks of range looks like it once. If it breaks
above three seventeen, it's out of here again. Broad market better.
And what we mean by that is how many months
did we go where I said to you eighty percent
of the market is comatose and dead and avoid many,
(33:41):
but they're all coming on. It has to do with
the economy is in shape. Interest rates are stable, oil
prices are stable, and the deals that are getting done
back away from the heavy duty tariffs. And in case
(34:06):
you don't know, they've moved again the August first to
I think August fifteenth or whatever, and Bescent came out
and said, yeah, we can move that a little farther also,
so big talk, not a lot going on. And if
we end up with ten or fifteen percent tariffs on everybody,
(34:29):
let me just state for the record, I think the
jury will be out how much that of effect that
will have. My answer is I don't know, but it
would be a tax on here, notwithstanding the workarounds, the
exemptions and the negotiations. And as I stated, that can
(34:50):
be done. Now we're being told that the Treasury is
getting a bunch of money. They are why in case
you don't know, and it basically Trump is actually telling
you he's lied about everything on tariffs, that they pay
(35:10):
for it. When ABC company imports ten million dollars is
something at fifteen percent, they're paying one point five million
to the Treasury. And I believe it has to be
done immediately. And by the way, here's the good news
(35:32):
for deficit hawk Gary. That goes right against the deficit.
So that's good news. But let's hope that stays controlled.
(35:53):
We don't want that out of control. We'll keep reporting
on it. And I think I said the other day,
if President Trump has these tariffs and it pays down
the deficits, the economy stays in shape, I will applaud
(36:15):
the living hell out of them. But if he goes
back to the big ones, look out, look out. Few
other things of note with the S and P going
it too highs more new yearly highs today with the
(36:37):
broad market doing better, more new yearly highs today, with
something like a Caterpillar with a twenty four percent drop
in earnings and a ten percent drop in sales going
into new yearly highs today. Again for the record, these
(37:02):
companies had better have earnings recoveries because I will promise
you right now valuations are really up there, but expensive
can easily get more expensive. Welcome to how markets work,
(37:22):
and at the end of the moves greet to sew
up there. They'll pay any price for anything, And you're
seeing it in some of the froth and some of
the speculation that is going on in the market right now,
in a lot of weird stuff. And I've been doing
a deep dive a little bit more on nuclear and
(37:44):
quantum computing. Some of these companies with nine billion in
market cap aren't gonna have revenues for years. So it's
almost the guarantee. Since I guarantee, it is almost a
guarantee that in the meantime there is going to come
(38:09):
a point where they all crash. If nothing changes, we
here will let you know. As of right now, it
feels like this still in play. It feels like this
still the noise, and we will not argue the point.
(38:36):
But markets, good day, and let me give you one more.
The Dow, which is labored, is about to break out
of a seven month trading range. It hit forty five
oh seven to three in December, forty five oh five
four in January November. Excuse me, no, forty five oh
(39:00):
five to four in January it's forty five oh one
to oh and that is inclusive of United Health being
two thousand down points to the negative in the Dow.
So the Dow looks about ready. And what's doing it?
(39:20):
The highest price named Goldman Sachs, another high price name Caterpillar.
Remember it's all price there. A Goldman Sacks at seven
hundred and seventeen dollars is about seventeen times. Is more
(39:41):
important to Verizon that's at forty two dollars. Each dollar
is six and a half points approximately. That's how it works,
not percent. So some of the higher price ones are
doing the tr Hey that all said, you have a
(40:04):
great evening and drive carefully and when you get home,
do like we do. Quite simple. Make sure you hug
your family. Make sure you hug your children. They will
feel better, You will feel better. I promise they well
be well and do not forget no bias here. Ladies
and gentlemen, we only see policy. Have a great one,
good night.
Speaker 1 (40:22):
This has been Investor's Edge with Gary Caultbom on Biz Talk.
To listen to past episodes or to get in contact
with Gary, go to Garykay dot com. That's garyka dot com.
Investor's Edge with Gary Cultbomb, straight talk about you and
your money now from the Viz Talk Studios. Here is
Gary Cultbomb.
Speaker 2 (00:12):
And well once again to Investor's Edge. I'm Gary Kolbaum,
your host a thanks for being with us today. Glad
you hear, ladies and gentlemen, happy that you are listening.
It is uh July twenty third, twenty twenty five. I
had a second time. Twenty three is my magic number.
It is July twenty third, And as always, we have
(00:35):
lots to talk about, lots of moving parts in the
markets in the world, and we will cover every one
of its seriously, with no agenda, no ulterior motive, no bias.
We'll just tell you what's working, what's not. We're in
the midst of earning season and there's a lot of
(00:56):
jello moving on the plate, ladies and gentlemen, and may
I date for the record, a lot of good moving
on the plate, simple as that right now. First off,
if you do not get this radio show and you city,
we'll post it at Gary k dot com WLOSO posted
on our Twitter feed. And if you don't follow us
(01:17):
on Twitter, I said Twitter, No, it's X. I gotta
get used to x feed, and if you don't follow
us on X you should. If you'd like to email us,
just be nice. So, ladies and gentlemen, the big stories,
as I see it, and i'm thinking, you know, is
(01:41):
trade deals. Back in April, the President put on these
massive tariffs, massive that crushed, absolutely crushed the markets. And
as you know, he immediately went to pause because he
(02:04):
was crashing the markets. And during that time, from April
to now, what we have received was threats, empty threats, threats,
empty threats. What do we mean by that? Oh, we're
(02:26):
going to put a fifty percent on on May fifteenth.
Oh we're changing it to June first, Oh, we change
You get my point. We give them credit for recognizing
what they were doing. They had one hundred and forty
five percent on China took it down. I don't even
(02:46):
know where everything is at this point in time. So
now we're at the point where deals are being cut.
That's what we're told, and we're all well and good.
The latest being Japan. Now you can go read up
about it and get to decide for yourself. The next
(03:13):
is the European Union. I think that's twenty six countries.
That's huge. The European Union is big as China. China
supposedly is a little bit tougher, but in the works.
It is just my opinion, and I have stated this
(03:34):
on several occasions, more than a few. I don't think
the markets are going up because of trade deals. I
believe markets are going up because getting rid of tariffs
gets the president out of the way. What have we
told you if we were president, we would lower taxes,
(03:56):
less regulations, get the hell out of the way. But
no these tariffs. And what the President has now done
is taking all these tariffs down. I think we're going
to be running ten percent on everybody or fifteen percent.
What you need to know on ten percent or fifteen percent,
(04:16):
it's a fly on an elephant's butt. That's number one.
Number two is there's exemptions up the wazoo. And what
that means is, oh, auto parts, no, no tariffs on autoparts.
Apple No, no tariffs on Apple. And you think Apple's big.
(04:38):
And then there's the workarounds. You know. The workaround is,
so I'm Walmart, I get a crapload of stuff at
this place, and now I got to pay a ten percent.
But I go to the country and say, hey, I'm Walmart.
(04:59):
I'm Walmart. Do you know how much we buy from you?
A crap load. So let's negotiate it, let's work on it,
let's figure it out. And that's how you work around
(05:21):
that stuff. So I'm a big believer the market's now
up for the year. I'm a big believer that we
would have never had the bear market. We would have
never had the crash if not for the tariffs. I
think we would have had a correction, but I believe
(05:43):
it would have been on the nominal side. And the
first leg down was all the uncertainty, yapping away every
day about guess what, tariffs and tariffs and tariffs. Now
you do know. I've also stated for the record that
(06:05):
my worry is him changing his mind and this, that
and the other thing. Well, again, I am in hopes,
in hopes that they have figured out what happened and
(06:27):
how bad things were, and that he can talk blue
in the face, the president that tariffs are paid by others.
But it's not true. It's paid by us. Though, as
I said yesterday, Remember what I said yesterday, they can
work if you are getting eggplant from Mexico. But Mexico
(06:56):
is charging less than us. We're gonna tend to get
it there, but if we put a tariff on it,
it's gonna cost more to bring that in. Thus we
may just produce it here, though it's still a higher cost.
(07:18):
It would still be a higher cost here. But back
on track, I'm a big believer that this market would
have never been gone into a bare phase, never crashed,
maybe a correction. And what we have done is we've
gone back to square one. That's number one and more
(07:42):
and why more because number one, yields have been stable,
They've been hanging around the same area and stability is
not a bad thing. Number two is oil prices have
been stable. Number three is the American people hard work, ingenuity, talent,
(08:11):
sweat toil, medical breakthroughs, technological advancements, a capitalist system where
we're all trying to do better for ourselves and our families.
(08:31):
And that's what's going on here. That's my story. Will
the President go back to big tariffs again? I hope not.
I hope not, But I am one hundred percent sure
(08:51):
the markets are working off of the tariffs, going away
from where they were. And in case you don't know,
if you ever go back to that poster on Liberation day.
I couldn't believe what I was saying. It was a nightmare.
(09:13):
So the announcement of Japan, the potential for the European Union,
and guess so what Dow up five hundred today, SMP
up fifty forty nine, nazdak, nazdak one hundred, labored a
little bit up one twenty seven and ninety eight. So
(09:36):
we'll call it a about a one point one percent
gain for the dow, s and p about its eight
tenths nasdak about six tenths nasdak one hundred, about about
four tenths percent to the upside. Advance declines pretty good,
(09:57):
up down volume, pretty good. The energy complex thingma Bob's
very strong day, though a bunch got sold into. There
was some casualties on earnings, and boy oh boy, there's
a lot of jello moving on the plate, ladies and gentlemen.
(10:20):
As far as earnings, we got some big ones and
after hours that will look over if they come through.
I'm noticing Google's down, but not that much. I'm noticing
Tesla is kind of flat, and whatever we find will report.
I'm gary, this is the one on the investor's edge.
(11:02):
Hi I'm Gary Kolbaum hosted a nationally syndicated radio show,
Investor's Edge. We're not just handsome radio people. We manage
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Speaker 3 (12:05):
It's time to switch on the integrator units and to
get the brain cells where.
Speaker 4 (12:09):
You're listening to. Okay, it could be fun. Investor's Edge.
Speaker 3 (12:15):
The last bastion of quality programming.
Speaker 4 (12:18):
With Gary called bomb. It doesn't get better than this.
Speaker 2 (12:27):
And welcome once again to Investor's Edge. So in late breaking,
the White House is announcing the America's AI action plan,
and I will tell you in after hours Broadcom and
(12:47):
video Taiwan Semi are all up a couple of percent.
I think broad comes up about almost three percent, and
Nvidio in after hours, yeah, about one percent. Taiwan's not
(13:07):
that much anyway, A good little bumping after hours for
the semis. What they're saying is they want export American
AI will partner with industry to deliver secure, full stack
AI export packages, including hardware models, software applications, and standards,
enabling innovation and adoption, upholding free speech in frontier models.
(13:29):
I don't know what the hell that means, but I
got to tell you some not on everything, but a
lot take away the tariffs, which I am completely against,
(13:49):
a lot of things the president is doing. On business,
I dig, I dig front and center. You didn't see
anything like this under Biden. Never Biden business. The only
(14:16):
business he liked is the one where he benefited, though
Trump is doing a little bit of that too. But
I am pleased that a lot of this is front
and center and by the way, in the aftermarket, a
bump up and we'll see what happens overnight, but strong
day to day in the Dow. This caterpillar type industrial
(14:40):
trade on horrible earnings and sales. They better recover up ten.
That's sixty five down points of boeingsposedly, Japan's gonna buy
some Boeing jets up five. American Express bounces after getting trashed.
Goldman was up seventeen today looks like it wants to
(15:00):
break out again. JP Morgan may look like I wanna
break breaks out again. Even United Health was up seven
and that stock's been trashed. And that's that. A little
update on aftermarket if I can find it. Because Tesla
is one of those high beta names. So they reported earnings,
(15:22):
and I got to see if I'm correct on this
forty versus fifty two. Last year they met estimates forty
versus fifty two, so earnings were down twelve cents from
fifty two, down over twenty percent. Sales were let's see
(15:48):
twenty two point five billion less than estimates and down
from twenty five point five billion, So sales and earnings
down for Tesla, but the stock is up in after
hours let's see how much. Eh I got it up
(16:10):
three bucks, which is small, but that can change. You
know they're gonna do a conference call and you know
they're gonna talk it up left and right. But boy
oh boy, for the record, they're gonna have to re
accelerate earnings and sales or else. What else? Today? Do
(16:30):
I even have to talk about what didn't work? I mean,
there were stocks that were down. I know fair Isaac
was down twenty two bucks. I saw that. But there
was some pretty darn good movers today Japan and Japanese
stocks benefited from whatever the deal is. And I can
(16:53):
tell you Toyota Motor was up twenty three to one
ninety three, and the Japanese banks had a nice little
move today. Also, I have yet to read into the deal.
And I got to tell you what was weird was
the guy who ran Japan stepped down. I don't know
(17:14):
what the hell that means, but anyway, I don't have
much complaint. I will tell you Bitcoin was down, Gold
was down, even though the dollar was down a little bit.
Small and mid caps had a decent day to day.
They're benefiting from better broad market. As I said, strength
in the banks and financials. Oils oil prices were hardly up,
(17:40):
but the OIH was up thirteen bucks to two fifty.
Now the other oil ETFs weren't nearly as much, and
that was an outcome of let's see what I can
find for you in the oil patch. How about baker
U's was up almost twelve percent today on their earnings,
(18:01):
and that's part of the OIH. HALLI Burton was up
three percent. Oh, they've been in bear market. Schlumberge a
three percent, So good day for that. So all I
can tell you on April twenty second, the market confirmed
a higher low and what we call and set on
(18:26):
this show a follow through day, a confirmation day. And
I have to tell you the big indicies have given
no trouble since, seriously have given no trouble since. I
think there was one scare day since April twenty second.
(18:50):
Towards the end of May, there was like one scare day.
But the big indices have not broken once. The twenty
one day moving average on the SPY on the QQQ
not finished below the twenty one. They screw the fifty day,
(19:10):
which is more important. That's the real big one. So
just letting you know that be the story, and if
anything changes, you know you're gonna hear it from us.
What else today, China is better, but still it's getting there.
And as I said earlier, the energy slash, construction slash,
(19:38):
all this talk of AI build out slash. Those stocks
were very strong today out of the get go, though
some did pull in pretty hard. But overall, what can
I tell you? There's gonna be a lot more earnings
to come. We have no I idea what anybody's gonna say.
(20:04):
We have no idea how the market's going to react.
I saw some today where UH estimates were missed and
the stocks went up. I saw some today where midst
earnings was strong and went down. Welcome to my world.
And as I go through, I see IBM reported down
(20:27):
fourteen bucks in the after market. That's not a good one.
And that's in the Dow. By the way, UH six
one six and twenty four. That's down about ninety Dow
points for tomorrow morning. And of course all that can
change and to tomorrow up next this, that and the
other thing or whatever else. This is the one only investor's.
Speaker 4 (20:50):
Edge you're listening to. America is talking falling investor's edge.
Speaker 1 (21:17):
The crowd is just on his.
Speaker 2 (21:19):
Feet here.
Speaker 3 (21:21):
Boy with Gary called Bob'm highly recommended. You're gonna feel
better if you talk to him.
Speaker 2 (21:37):
And well, once again to Investor's Edge, thanks for being
with us today. I am furiously trying to keep up
with the earnings reactions after the close. But again, the
big story today is they're cutting deals, uh, and they're
(21:58):
getting rid of the frickin' tariffs. And when I say
getting rid of, we're told that they're going to be
keeping ten or fifteen on everything, but I repeat, workarounds
exemptions up the wazoo. Now they're telling us, oh, look
(22:20):
at all this money into the treasury. They're tax hikes
on businesses here and potentially the consumer. That's all. And
they can talk blue in the face and lie to us.
We know better. But as we repeat it, by definition,
(22:43):
that is a tariff. But they can be worked out
and worked around. Small businesses have a tougher time doing that,
but the big ones can very much negotiate a lot,
very much, and we'll just see how it plays out. Again,
I have to repeat, let's just hope, let's just hope
(23:09):
we don't have to revisit April again. I'm thinking they've
learned their lesson. They don't want markets to crash. You've
got another mid you got a midterm election next year,
and the Democrats, that Marxist Party is just handing it
(23:33):
to them as bad as I think the Republicans are.
That Marxist Party just keeps handing it too the Republican Party.
It's amazing to watch. It's amazing to watch. And you
(24:02):
know where I bring this up. There is a something
called the Young Democrats of America. This is not a
little campus group. It is the youth wing of the
Democrat Party, the potential next generation of elected officials and
(24:28):
political operatives, the Young Democrats today. Let me put it best,
and I'm amazed I even have to bring it up.
(24:56):
Not North Korea or Syria where they're killing the Drus
and the head of Syria killed his own people with
mustard gas, not the Sudan or Iran, not Haiti, not China.
(25:22):
And read up what they've done with the wigers there,
not Venezuela, not Cuba, not the Taliban that have now
put the women in Afghanistan back into the dark ages,
not Hamas. But they came out today. Israel's committing genocide.
(25:55):
No mention of any of these other places and terrorists Israel,
and they think that's going to get them places. Just remember,
this is not about Israel, It's about democracy. They hate
(26:16):
Americle also, they're insane. It's about control freakism. If you
have freedom and the ability to be whatever you want
to be and have upward mobility based on your hard
(26:36):
work and smarts, you're their enemy. If you're successful and wealthy,
you're their enemy. That's why they hate Israel. As I
have told you, Israel, this magnificent sliver of land up
(26:58):
against the sea, with enemies to the north, east and south,
Israel has become this magnificent country of people that have
created unbelievable amount of startup businesses in technology and medicine.
(27:26):
Drive the highways of Israel, hotels, Grade A buildings. At
the top of the buildings, you see all the big
companies of the world. What they do down in Gaza.
They let the pricks steal all the frickin money and
destroy the place. Israel left in five. But we keep
(27:49):
hearing israel apartheid occupy they left in five The law
eyes continue. Why is this country so great in spite
of what they're doing in DC, because I'm reading stories
(28:14):
of people that came from nowhere, homeless to become wealthy
and successful because they applied themselves in this country, story
after story I read about on a daily basis. You
can't do that in other countries. They kick in the nuts.
(28:43):
So just letting you know, the Marxist Parties, young Democrats,
the young ones are also insane, unbelievable. It's just un
freaking believable. I had to bring that up because for me,
(29:08):
that's stuck out like a sore thumb. And you know
where they get their stupid from, the people that are
highlighted in the party, morons like Bernie Sanders, who's kissing
(29:29):
the ars of this guy running from mayor in New
York City, even though this guy hates Israel, hates Jews,
had no problem, doesn't want to put down the words globalize,
the Intifada, which is the death of Jews. Wants in interviews, seriously,
no private property, no billionaires, which is code for no millionaires,
(29:57):
government run this, that and the other thing. The Republicans
are terrible. The Marxist Party is making them look like
a tiptoe through the tulips, and they're making it so
damn easy with how stupid they are and the people
(30:18):
that they highlight. That's a little of my take. Little
update on big earnings in the aftermarket. IBM closed at
two eighty two. I got it at two sixty seven.
Tesla closed it three point thirty two and change three
(30:42):
point thirty one, not even moving.
Speaker 3 (30:45):
Uh.
Speaker 2 (30:45):
Google closed that one ninety and change one eighty seven
and change. Chipote Le closed at fifty almost fifty three
under forty eight. I could have told you that I
go to Chipotle. I get the double chicken with the
(31:07):
corn and the not hot tomato stuff with brown rice.
And when I go there, I speak to them and
they tell me at least a couple of the ones
I go to. Yeah, not very busy anyway, Chipotle is
down in thefter market also and service now the stock
(31:28):
just got trash. Recently closed at nine fifty six, it's
ten sixteen, up fifty bucks in the after market. That's
a good one, and I think those are the important
ones after the close today, a lot more in the
next couple of weeks. Ladies and gentlemen, Hey up next,
anything else I can come up with. I'm Gary. This
(31:49):
is the one only investor's.
Speaker 4 (31:50):
Edge you're listening to. What are you waiting for one
(32:19):
to ready? We can't recalled Bob.
Speaker 2 (32:50):
And walk once again to investor's edge. So back on
the markets. Gold down today because I think it's the
anti market thing. A strong day gold goes down. I
guess I think that that's what happened. But gold thirteen
(33:13):
weeks of range looks like it once. If it breaks
above three seventeen, it's out of here again. Broad market better.
And what we mean by that is how many months
did we go where I said to you eighty percent
of the market is comatose and dead and avoid many,
(33:41):
but they're all coming on. It has to do with
the economy is in shape. Interest rates are stable, oil
prices are stable, and the deals that are getting done
back away from the heavy duty tariffs. And in case
(34:06):
you don't know, they've moved again the August first to
I think August fifteenth or whatever, and Bescent came out
and said, yeah, we can move that a little farther also,
so big talk, not a lot going on. And if
we end up with ten or fifteen percent tariffs on everybody,
(34:29):
let me just state for the record, I think the
jury will be out how much that of effect that
will have. My answer is I don't know, but it
would be a tax on here, notwithstanding the workarounds, the
exemptions and the negotiations. And as I stated, that can
(34:50):
be done. Now we're being told that the Treasury is
getting a bunch of money. They are why in case
you don't know, and it basically Trump is actually telling
you he's lied about everything on tariffs, that they pay
(35:10):
for it. When ABC company imports ten million dollars is
something at fifteen percent, they're paying one point five million
to the Treasury. And I believe it has to be
done immediately. And by the way, here's the good news
(35:32):
for deficit hawk Gary. That goes right against the deficit.
So that's good news. But let's hope that stays controlled.
(35:53):
We don't want that out of control. We'll keep reporting
on it. And I think I said the other day,
if President Trump has these tariffs and it pays down
the deficits, the economy stays in shape, I will applaud
(36:15):
the living hell out of them. But if he goes
back to the big ones, look out, look out. Few
other things of note with the S and P going
it too highs more new yearly highs today with the
(36:37):
broad market doing better, more new yearly highs today, with
something like a Caterpillar with a twenty four percent drop
in earnings and a ten percent drop in sales going
into new yearly highs today. Again for the record, these
(37:02):
companies had better have earnings recoveries because I will promise
you right now valuations are really up there, but expensive
can easily get more expensive. Welcome to how markets work,
(37:22):
and at the end of the moves greet to sew
up there. They'll pay any price for anything, And you're
seeing it in some of the froth and some of
the speculation that is going on in the market right now,
in a lot of weird stuff. And I've been doing
a deep dive a little bit more on nuclear and
(37:44):
quantum computing. Some of these companies with nine billion in
market cap aren't gonna have revenues for years. So it's
almost the guarantee. Since I guarantee, it is almost a
guarantee that in the meantime there is going to come
(38:09):
a point where they all crash. If nothing changes, we
here will let you know. As of right now, it
feels like this still in play. It feels like this
still the noise, and we will not argue the point.
(38:36):
But markets, good day, and let me give you one more.
The Dow, which is labored, is about to break out
of a seven month trading range. It hit forty five
oh seven to three in December, forty five oh five
four in January November. Excuse me, no, forty five oh
(39:00):
five to four in January it's forty five oh one
to oh and that is inclusive of United Health being
two thousand down points to the negative in the Dow.
So the Dow looks about ready. And what's doing it?
(39:20):
The highest price named Goldman Sachs, another high price name Caterpillar.
Remember it's all price there. A Goldman Sacks at seven
hundred and seventeen dollars is about seventeen times. Is more
(39:41):
important to Verizon that's at forty two dollars. Each dollar
is six and a half points approximately. That's how it works,
not percent. So some of the higher price ones are
doing the tr Hey that all said, you have a
(40:04):
great evening and drive carefully and when you get home,
do like we do. Quite simple. Make sure you hug
your family. Make sure you hug your children. They will
feel better, You will feel better. I promise they well
be well and do not forget no bias here. Ladies
and gentlemen, we only see policy. Have a great one,
good night.
Speaker 1 (40:22):
This has been Investor's Edge with Gary Caultbom on Biz Talk.
To listen to past episodes or to get in contact
with Gary, go to Garykay dot com. That's garyka dot com.
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