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 (00:11):
And wealk once again to Investor's Edge. I'm Gary Kolp,
I'm your host day. Thanks for being with us today.
Glad you're here, ladies and gentlemen, Happy that you are listening.
It is September twenty ninth. Thirty days have September, April, June,
and November. Wednesday is my birthday, sixty five. I squatted
(00:32):
three hundred pounds yesterday. I could have done four hundred.
No really, anyway, my recommendation, do not let age get you.
I'm not anyway. Hope you had a good weekend. I
did not have a good weekend. My Mets, the three
(00:59):
h drin forty million dollar Mets, a complete, unbelievable collapse.
They were the number one team in baseball three months
ago and change. They did not make the playoffs and
in the final game all they had to do was win.
They did not score a run. Very depressed. My Giants
(01:25):
won will take that, But the Mets thing. I also
want to mention tonight, I need Garrett Wilson of the
Jets to just get any combination up a touchdown? Does it?
(01:47):
Forty yards? Does it? Five catches? Does it? I win
another week and I stay undefeated in my fantasy football league.
My team is Reese's Pieces because my grandson's name is
Reese with a C and that is no, it's not.
(02:09):
I forgot the Ryder Cup. Kudos to the Americans, what
an almost unbelievable comeback on Sunday. But to the minority
of people that were nothing more than vile ass clowns
as spectators go screw. What is the matter with people?
(02:36):
It's golf? Do you hear some of the things people
were saying it's golf? You en't notice they have post
videos of people getting into fights, and I mean big
fights in the stands because ones are rooting for one team,
(03:00):
one rooting for the other. What is the matter with people?
I saw a video the other day somebody got the
crap beat out of them, knocked out, unconscious because he
was for one baseball team. I don't know what's wrong
with people. Y'all ease up man. Anyway, congratulations to the
(03:20):
Americans for unbelievable almost comeback on Sunday, And of course
the Europeans did win and I got a single out
Rory McElroy. After it was all over, I thought it
was class act. He threw a few f bombs back
at the spectators. They earned it. I like what he
(03:44):
did after, like what he said. And I believe the
next Ryder Cups in Ireland I may have to go
to that one anyway. Hope you had a good weekend.
That is your sports edition of The Investors Show, and
(04:06):
we need Garrett Wilson in case you don't know, this
really is serious talk on everything affects you. We'll do
the markets, we'll do the economy, your job, your industry,
anything that moves the needle. The morlocks in DC that
they're fighting over now government shutdown, do not forget, none
of them care about you. They're all making themselves rich
(04:29):
two trillion dollar yearly deficits, including President Trump. Also he's
going to you know what, he may run two point
five trillion this year. But don't worry. He's a conservative
yet sure right, And again they're fighting over now another
(04:51):
government shutdown, whatever, a fake government shutdown. And if you'd
like to listen to our show, and you don't get
this show and you read it in your city, we'll
post it at gary k dot com, also on our
x feed, and if you don't follow us on X
you should. We'll also post it on the YouTube channel
(05:11):
of biz tv and all the podcast apps. And that's
mooie importante. If we are not in your city, and
if you'd like to email us, just be nice. If
you like commas, do not email us. Thank you. And
now we segue. The President's putting tariffs on furniture stocks
(05:39):
furniture company, so the furniture stocks got hit. The President
put out a post about the benefits of marijuana and
CBD boy that irritates the hell out of me. The
marijuana stocks had a strong day today, and then there's this.
(06:04):
As you know, we feel our number one job is
protect capital, and one of the things we have professed
forever is be careful about the froth and speculation. Be
careful about companies with no sales, and there's a ton
of them that actually trade. There's a ton of no
sales companies. When I started in this industry, I was
(06:26):
in a penny stock firm. We used to bring companies
public that actually had two or three million in sales,
but no on Wall Street from the biggest companies. They
are bringing a bunch of stuff, and I just want
to mention some things to you today. In case you
didn't know, you see a company called moon Lake Immuno
(06:57):
Therapy was down nine percent today. It closed yesterday Friday
at sixty two dollars. It closed today at six dollars
and twenty five cents. No, we're not making this up.
It's a biotech company with no sales. It came out
(07:21):
as a spack in twoenty and twenty not kidding. Down
eighty nine point nine three percent. Oh, I'm not done.
How about io biotech symbol IoBT was down seventy six
(07:43):
point nine seven percent today. It closed Friday at a
dollar forty eight. It closed today at thirty six cents
and nothing no sales. Biotech came out at fourteen bucks
in twenty one. Again closed it thirty six cents. Oh,
(08:04):
I'm not done. How about Applied Therapeutics was down fifty
point seventy seventy two percent today, close Friday at a
dollar twenty four. It closed today it's sixty one cents.
Oh by the way, Oh by the way, Oh by
(08:26):
the way. This stock in twenty nineteen was fifty nine bucks.
Closed its sixty one cents. What are the three have
in common? They are all no sales companies. By the way,
we are not ripping the companies. We have nothing against
the companies their development stage. They're trying to come out
(08:47):
with drugs that will be great for you and I.
The problem, as I've always said, they shouldn't be in
the public domain. By the way, they had buy recommendations
on them. No, not kidding, by recommendations by high paid
the net analysts on no sales companies that drop between
(09:10):
fifty and ninety percent today. Three names. Oh but Gary,
don't they need money? You go public and to you know,
develop things. They should do it in the private sector. Oh, private,
away from the markets. That's what they should be doing.
(09:34):
We hope you've been listening. But but as we have
also told you full and fair, fair disclosure, there have
been some biotechs bought out for five six billion dollars
and we miss those merits simple Mr US biotech company
(09:59):
h loses a ton of money, very little in sales,
been public since two thy and sixteen, was up today
thirty six percent. It was bought out for six point
five billion dollars. Even though they are very little in
sales and lose a ton. They are a Netherlands company
(10:25):
developer of biospecific antibody therapeutics the treat or potentially cure
cancer patients. They were bought out the opposite end up next,
we'll put a bow tie on that. Do the rest
of the market. I'm Gary, this is the one only
Investor's Edge. Hi. I'm Gary Kolbaum hosted a nationally syndicated
(11:05):
radio show, Investor's Edge. We're not just handsome radio people.
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(11:28):
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If your current approach to investing is not getting you
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(11:50):
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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 fun Investor's edge.
Speaker 2 (12:15):
The last backin of quality programming.
Speaker 5 (12:18):
With Gary called Bob. It doesn't get better than this.
Speaker 2 (12:30):
So so a full and fair disclosure. There was one
that was actually bought out, but a ninety percent what
I say is sixty and a fifty. And here's the
rub And by the way, excuse my French, it really
(12:53):
pisces me off that any analyst, and excuse me, any
company has by recommendations on this. I'm gonna be a
good guy and not mention names. But here's one, the
Moon Lake Therapeutics that's down ninety percent overnight. By the way,
(13:15):
on a gap. Here's an company, a very well known
company with an analyst that went from a buy to
a hold. G you're down ninety percent. Hold. Here's another one,
(13:37):
same thing, another company that you would recognize, buy to
a hold. Hey, just so you know you could still
hold it. Why don't they say sell?
Speaker 6 (13:54):
Oh?
Speaker 2 (13:54):
Because it's down ninety percent already, right, Imagine from sixty
two bucks closing at six and a quarter, by the way,
open there by to a hold. Then the next one,
how about this one? From a bye to a neutral. Hey,
(14:19):
you're down ninety percent, we're neutral. Shouldn't they go from
a bye to absolutely disgusted? Not neutral? And then last
one I see here and outperform to a sector perform.
(14:42):
What the hell does that mean? Let me repeat, It
really pisss me off that anybody has by recommendations on
companies with no sales. And we are seeing a bunch
of it in the nuclear stocks, now, in the drones,
in the robotaxis no sales. And by the way, there's
(15:08):
a bunch of public drone companies and quantum companies and
robotaxi companies and nuclear companies. What are they all going
to be successful? Hell no, but let's have buy recommendations.
(15:30):
We do not tell you all this for our health.
We tell you all this because parts of Wall Street
are very screwy and we do not believe these no
sales companies. Well, we told you what we did. We
started the business at a penny stock firm, which, by
(15:53):
the way, got censured and fined. We would do these
blind pools, spacks bring companies out with three million bucks
and they had sales. These companies that are being foisted
upon you by the mucky MUCKs, the greatest companies on earth,
these investment bankers, the big names, are just putting out crap.
(16:16):
And again we're not talking to companies, we're talking about
the stocks. And of course, the other part of the
equation we've been telling you about is they've been open
up these IPOs hot and they're crashing. You ready, Klaar,
(16:38):
you were hyped on that one. Klarna forty dollars deal
opens at fifty seven two and a half weeks later,
thirty eight. How about Pigma thirty three dollars deal had
you up at one hundred and forty two bucks within
(16:59):
a day, fifty three bucks today, four weeks later. We're
not making this up. How about nine days ago Gemini
Space station twenty eight dollars deal, they opened up at
forty six. It's twenty four, nine days ago. That's almost
(17:22):
fifty percent nine days. How about Chime Chime Financial, another
one that loses a ton, twenty seven dollars deal opened
up at forty four twenty that's more than fifty percent.
Stub Hub, you know that one twenty three and a
(17:47):
half dollar deal first day twenty eight seventeen dollars and
twenty six cents eight days later. Oh there also doing
a horrible job of the initial public offerings. By the way,
(18:09):
I have about fifteen others that have done the same.
So I hope you listen to us on that also
and waited it out, And just so you know, I
watch things, and just so you know, they've been touting
these things as they come out, and you got buried.
(18:33):
We'll let you know if that changes. What else going
on today? Bitcoin real strong bounce a theory am bounced too,
not as strong, but brought a bunch of things along.
Robin Hood today touches itself a little bit to Bitcoin
up twelve eleven percent today, Robinhood eleven percent and up
(18:57):
another percent in the f the market, both Bitcoin Ethereum
still below the fifty day moving average, but today will
go a long way and getting it back above. In
case you don't know why they've been hyping you on
bitcoin like crazy, it is trading where it did last December,
a little bit higher now as of this morning. Last December.
(19:21):
But good day today. Out of the shoot today, good day.
That AI type, semiconductor type of stuff. Good day. And
there are names starting to really pop up that we
(19:42):
know about but look like they may want to go again.
I'm gonna mention some to you, but we are not
telling you to buy them, sell them, short them, or
cover them. We're letting you know very good relative strength
and potentially good patterns in Carvana, Door Dash and today
(20:04):
we warned you artificial intelligence announcements by Shopify and Etsy
both had very strong days today. Shop Offy is doing
something with Etsy with chet GBT for payments, and I'm
thinking to myself, is that a big deal? Well, it
(20:25):
was big deal enough for Etsy to go up ten
bucks to seventy four and change and Shopify to go
up nine bucks to one forty nine. I got to
investigate that news tonight up next more in depth into
the markets, much more.
Speaker 6 (20:43):
I'm carry this is no one on the investors that.
Speaker 5 (21:11):
You are listening to America is talking fallowing investors edge.
He's gotta be with the crowd. Is just on his
feet here, he said her on a boy with Gary
called Bob. He Co'm highly recommended.
Speaker 3 (21:24):
You're gonna feel better if you talk to him.
Speaker 2 (21:40):
By the way, if I sound like I'm in a mood.
The Mets had an adjusted payroll this year of three
hundred and forty two million bucks, and they didn't make
the playoffs. By the way, that the second and highest
(22:00):
in the Major League Baseball. I'm pretty sure the Dodgers
are number one, but they're in the playoffs. And by
the way, total cash outlay was three hundred and ninety
five million. That do not include the luxury tax payments,
which will increase the number to four hundred and thirty million,
and they didn't make the playoffs. I'd like to say
(22:28):
this always next year, but I say that every year.
Dow was up sixty eight today was down one hundred
in the Dow to day, Caterpillar up almost six, en
Vidia up three and a half, Microsoft up three and
a half, not much else. IBM was down four and
(22:51):
a half. Member that rallied up last week on quantum
stuff whatever s and p up seventeen Nasdaq one O seven.
Now's that one hundred one O seven and in that group,
good day for a bunch of the AI semis. They
came in a little bit by the end of the day,
(23:12):
but good day. And as I mentioned to you Carvana,
Strong Day, Door there Strong Day, app Love and app
Strong Day, Robinhood Strong Day. I mentioned to you Etsy
and Shopify. How about TKO that owns the WWE Strong Day, Roadblocks,
(23:34):
Strong Day, Electronic Arts go in private for like fifty billion.
So electronic Art, excuse me, Roadblocks and Take two Interactive
are up nicely today, pretty darn good. So there's a
few names sticking out, at least for me. As we
go into tamar gold. Excuse me, but holy moley. As
(24:07):
we told you, if that gold breaks out of that
eighteen week tight trading range, that breakout was just under
three eighteen it's four weeks ago, it's three point fifty
two today. And of course the miners are even much
(24:27):
stronger as they broke out first. And as we've told you,
if the miners are stronger than the metal, that's usually
bullish and dang, this move has been bullish as all heck.
And I must tell you no respite, notice the big word.
(24:47):
Just another new high in gold, just another new high
in silver yields. Good news came down today. Good news
Oil prices down two and a half bucks today, good
to see. We want to see that and yields. It
ticked up recently, and you may want to put this
(25:09):
number down on a piece of paper. Four point two
that's the ten year yield. A move above four point
two on the ten year yield, you'll hear from me
staying below good, getting above potentially not so good. Potentially
(25:32):
didn't say it was bad, potentially not so good, but overall,
we'll call it a good day for Beta that said,
are you ready? We'll do it again. We had said
(25:56):
to you recently we thought travel related looked like it
was getting a little tough be while the cruise lines
look like they've top Go look at Carnival and what
it did off for earnings today. Not one hundred percent sure,
but they're weakening. Same for the hotels. Just letting you
know a lot of retail bearish, definable down trends in
(26:19):
many retail names. And don't get me started on the
crash of Lululemon. Medical research and products, a lot of
them bearish trend If you look at the XLV, that's
healthcare very weak in the dow. McDonald's, which is a restaurant,
(26:43):
the restaurant stocks are bearish in the Dow. Honeywell in
the Dow, Boeing look like it's topped in the Dow,
Procter and Gamble in the Dow, Amjen Big Biotech week.
Those are all in the Dow. And just let you
know they're not bullish in the Dow. MRK Big Bear,
(27:09):
which takes me to most drugstocks Bearish, Bristol Myers, Bearish,
even Eli Lilly highly touted because of the well you
know those things bearish. We mentioned the hot IPOs already.
(27:31):
When you have a chance, and this is just lesson time,
go look at Target an all time high of two
sixty nine eighty eight eighty three cents and write at
a new yearly loan sails down, earnings down twenty percent
(27:56):
last quarter quarter before thirty six, A lesson. Why what
have we been telling you avoid Target? Now? Go take
Target's chart and overlay it on Walmart. Walmart is filet mignon.
Target is spam. Nothing against spam. Alcohol stocks bear market,
(28:21):
big bear Market, and every report coming out and you
can read, is that there's less and less alcohol consumption
across the board. While we're on the subject, food and beverage,
bearish household products, Go look at Procter and Gamble in
(28:44):
the Dow. They're all bear markets bearish food, beverage and
now tobacco, which was holding up that's getting hit. Two
consumer staples we mentioned. Did we mention restaurants? Restaurants bearish
(29:06):
and as a reminder, as a reminder what a great
leading stock the Kava Group was until last November when
it hit a high on earnings at one seventy two
and closed at one eight and is now fifty eight bucks.
(29:28):
A reminder that the group is bearish. Most stocks in
the group will be bearish. Also restaurants, UH, truckers pretty
much bearish. Go look at old Dominion Freight. I would
say the rails, but there's a buy out going on
with Union Pacific in Norfolk Southern, but other rails in
(29:51):
bad shape, don't you dare? Look at ups big bear
market in the Dow. Salesforce stock, big bear market. You're
catching my drift. We just want to let you know
there are plenty of places to still avoid. These are
areas we've been telling you to avoid. Insurance stocks pretty
(30:17):
much down trends, bearish. If things change, will let you know,
But we're just letting you know there are plenty of
areas in bad shape. The good news, not the semiconductors,
not the big banks, not the financials, not the artificial
(30:38):
intelligence stuff, not Chinese names, certainly, not Goldman Sachs or
JP Morgan, certainly, not the gold stocks. So whatever's working
is working. We're just letting you know there are plenty
(30:59):
of to avoid, and we hope you're avoiding them. And
when we tell you we think something may be topping,
we keep covering it just in case. And if you
look at Carnival today, gapped up, sold off heavy volume.
Not Aunt Mary and Uncle Bob doing the selling. Royal
Caribbean also below the fifty day. We'll see how it
(31:20):
plays out. Not one hundred percent sure, but evidence in
today and they've got a little mallet over their head.
So just a little word to the whys on those areas,
and if things change, will let you know. Now oil
is a little bit different. I got a few oil
stocks at new yearly highs. I got plenty near new
yearly lows, so very mixed and with oil prices coming
(31:42):
down today, not great for them. Up next concentration. You'll understand,
I'm gary, this is the one only investor's.
Speaker 4 (31:52):
Edge you're listening to what are you waiting for?
Speaker 3 (32:18):
One to ready?
Speaker 2 (32:21):
Go?
Speaker 5 (32:25):
We can't recalled bob, so.
Speaker 2 (32:53):
Uh. We want to make a point of again and
get in front of something. We want our audience to
be ready. How do you get an audience ready? You
get far in advance on top of the potential of something.
(33:20):
That's how we have gone back and studied bull markets,
bear markets. We have studied moments in time where you
had gargantuan concentration of the market. And we've discussed this
(33:40):
with you many a time. So let me repeat a
few things for you, just so you know, and then
we're going to add something. As of Friday, nine stocks
were seventy point three four percent of the Nasdaq one hundred,
Just nine ninety one were obviously less than thirty. Even worse,
(34:08):
eight stocks were almost thirty seven percent of the S
and P five hundred eight, leaving four hundred and ninety
two stocks to only be sixty three percent. If you
to equal weight those five hundred stocks in the S
and P five hundred each would be two tenths of
one percent. There are only ninety four stocks above two percent.
(34:37):
There are four hundred and six stocks below and there's
a couple one hundred, if not two fifty half of that.
This is record concentration in the market. It makes my
(34:58):
job a little bit easy for the beginn to see.
As you know, we pretty much stayed out on the
Trump tariff crash and then on the turn we believe
me bit our tongue, but on the confirmation day right
after we bought the market. But you know what we
(35:18):
have to do every day watch ten stocks. If ten
stocks those big names go into a bear market, the
indices will go into a bear market, at least the
big indices. Well, we have to add something else. The waiting,
(35:41):
waiting w e I G h TI NG of the
market is now back to a record of technology and
communications that it previously hit in nineteen ninety nine two thousand.
(36:05):
How do you get such a waiting massive institutional piling
on each other because that's what's working and getting out
of all those areas that aren't and not worrying about
valuations where you have like a pallentteer with a four
hundred billion dollar market cap with three billion in sales,
(36:28):
which by the way, can still go higher, and healthcare
is now down at nine when it's medium was seventeen.
Technology and communications is at thirty four percent. Its averages
(36:51):
way below that, so we know here's the big one.
If it's an if, If the market reverts to the mean,
there's gonna be one hell of a drop in technology
(37:12):
and communication stocks, and probably one heck of a rally
in things like healthcare that are being ignored on a
relative basis. Just keep this in your file manager. We
(37:38):
think we're pretty darn good at calling trouble and tops.
We have a sneaking suspicion this technology move may end
in some sort of climactic move like ninety nine and
early two thousand. If it does, we will be thrilled
(38:00):
and hope to be smart enough to sell into it
while everybody else is in a lather. Put it in
your file manager, simple as that could be three years,
(38:21):
two years, one year, six weeks. It wasn't today, it
won't be tomorrow. And we own some of these things,
and we'll keep you in touch, but we want to
let you know again under no uncertain terms. Eventually this
(38:47):
will go back to the norm, always has, always will,
and we'll be ready. We'll be ready. We've done some
(39:11):
exhaustive studies on this don't be left holding the bag.
Keep paying attention to us. We have a good feel.
We're still strong here. We're not doing this to scare you.
(39:42):
We're doing this to make sure you know how markets work,
and we are ready. Every day we get closer, and
if we start seeing a vertical move in the Nasdaq
(40:03):
and Nasdaq one hundred, that'll be it. You'll have a
great evening. Drive carefully 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 will be well.
Always appreciate you being here. Goodnight, all bye bye.
Speaker 1 (40:22):
This has been Investor's Edge with Gary Cultbomb 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 (00:11):
And wealk once again to Investor's Edge. I'm Gary Kolp,
I'm your host day. Thanks for being with us today.
Glad you're here, ladies and gentlemen, Happy that you are listening.
It is September twenty ninth. Thirty days have September, April, June,
and November. Wednesday is my birthday, sixty five. I squatted
(00:32):
three hundred pounds yesterday. I could have done four hundred.
No really, anyway, my recommendation, do not let age get you.
I'm not anyway. Hope you had a good weekend. I
did not have a good weekend. My Mets, the three
(00:59):
h drin forty million dollar Mets, a complete, unbelievable collapse.
They were the number one team in baseball three months
ago and change. They did not make the playoffs and
in the final game all they had to do was win.
They did not score a run. Very depressed. My Giants
(01:25):
won will take that, But the Mets thing. I also
want to mention tonight, I need Garrett Wilson of the
Jets to just get any combination up a touchdown? Does it?
(01:47):
Forty yards? Does it? Five catches? Does it? I win
another week and I stay undefeated in my fantasy football league.
My team is Reese's Pieces because my grandson's name is
Reese with a C and that is no, it's not.
(02:09):
I forgot the Ryder Cup. Kudos to the Americans, what
an almost unbelievable comeback on Sunday. But to the minority
of people that were nothing more than vile ass clowns
as spectators go screw. What is the matter with people?
(02:36):
It's golf? Do you hear some of the things people
were saying it's golf? You en't notice they have post
videos of people getting into fights, and I mean big
fights in the stands because ones are rooting for one team,
(03:00):
one rooting for the other. What is the matter with people?
I saw a video the other day somebody got the
crap beat out of them, knocked out, unconscious because he
was for one baseball team. I don't know what's wrong
with people. Y'all ease up man. Anyway, congratulations to the
(03:20):
Americans for unbelievable almost comeback on Sunday, And of course
the Europeans did win and I got a single out
Rory McElroy. After it was all over, I thought it
was class act. He threw a few f bombs back
at the spectators. They earned it. I like what he
(03:44):
did after, like what he said. And I believe the
next Ryder Cups in Ireland I may have to go
to that one anyway. Hope you had a good weekend.
That is your sports edition of The Investors Show, and
(04:06):
we need Garrett Wilson in case you don't know, this
really is serious talk on everything affects you. We'll do
the markets, we'll do the economy, your job, your industry,
anything that moves the needle. The morlocks in DC that
they're fighting over now government shutdown, do not forget, none
of them care about you. They're all making themselves rich
(04:29):
two trillion dollar yearly deficits, including President Trump. Also he's
going to you know what, he may run two point
five trillion this year. But don't worry. He's a conservative
yet sure right, And again they're fighting over now another
(04:51):
government shutdown, whatever, a fake government shutdown. And if you'd
like to listen to our show, and you don't get
this show and you read it in your city, we'll
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you should. We'll also post it on the YouTube channel
(05:11):
of biz tv and all the podcast apps. And that's
mooie importante. If we are not in your city, and
if you'd like to email us, just be nice. If
you like commas, do not email us. Thank you. And
now we segue. The President's putting tariffs on furniture stocks
(05:39):
furniture company, so the furniture stocks got hit. The President
put out a post about the benefits of marijuana and
CBD boy that irritates the hell out of me. The
marijuana stocks had a strong day today, and then there's this.
(06:04):
As you know, we feel our number one job is
protect capital, and one of the things we have professed
forever is be careful about the froth and speculation. Be
careful about companies with no sales, and there's a ton
of them that actually trade. There's a ton of no
sales companies. When I started in this industry, I was
(06:26):
in a penny stock firm. We used to bring companies
public that actually had two or three million in sales,
but no on Wall Street from the biggest companies. They
are bringing a bunch of stuff, and I just want
to mention some things to you today. In case you
didn't know, you see a company called moon Lake Immuno
(06:57):
Therapy was down nine percent today. It closed yesterday Friday
at sixty two dollars. It closed today at six dollars
and twenty five cents. No, we're not making this up.
It's a biotech company with no sales. It came out
(07:21):
as a spack in twoenty and twenty not kidding. Down
eighty nine point nine three percent. Oh, I'm not done.
How about io biotech symbol IoBT was down seventy six
(07:43):
point nine seven percent today. It closed Friday at a
dollar forty eight. It closed today at thirty six cents
and nothing no sales. Biotech came out at fourteen bucks
in twenty one. Again closed it thirty six cents. Oh,
(08:04):
I'm not done. How about Applied Therapeutics was down fifty
point seventy seventy two percent today, close Friday at a
dollar twenty four. It closed today it's sixty one cents.
Oh by the way, Oh by the way, Oh by
(08:26):
the way. This stock in twenty nineteen was fifty nine bucks.
Closed its sixty one cents. What are the three have
in common? They are all no sales companies. By the way,
we are not ripping the companies. We have nothing against
the companies their development stage. They're trying to come out
(08:47):
with drugs that will be great for you and I.
The problem, as I've always said, they shouldn't be in
the public domain. By the way, they had buy recommendations
on them. No, not kidding, by recommendations by high paid
the net analysts on no sales companies that drop between
(09:10):
fifty and ninety percent today. Three names. Oh but Gary,
don't they need money? You go public and to you know,
develop things. They should do it in the private sector. Oh, private,
away from the markets. That's what they should be doing.
(09:34):
We hope you've been listening. But but as we have
also told you full and fair, fair disclosure, there have
been some biotechs bought out for five six billion dollars
and we miss those merits simple Mr US biotech company
(09:59):
h loses a ton of money, very little in sales,
been public since two thy and sixteen, was up today
thirty six percent. It was bought out for six point
five billion dollars. Even though they are very little in
sales and lose a ton. They are a Netherlands company
(10:25):
developer of biospecific antibody therapeutics the treat or potentially cure
cancer patients. They were bought out the opposite end up next,
we'll put a bow tie on that. Do the rest
of the market. I'm Gary, this is the one only
Investor's Edge. Hi. I'm Gary Kolbaum hosted a nationally syndicated
(11:05):
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 you in achieving your financial goals.
(11:28):
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
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five five nine. That's eight eight eight four two two
(11:50):
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 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 fun Investor's edge.
Speaker 2 (12:15):
The last backin of quality programming.
Speaker 5 (12:18):
With Gary called Bob. It doesn't get better than this.
Speaker 2 (12:30):
So so a full and fair disclosure. There was one
that was actually bought out, but a ninety percent what
I say is sixty and a fifty. And here's the
rub And by the way, excuse my French, it really
(12:53):
pisces me off that any analyst, and excuse me, any
company has by recommendations on this. I'm gonna be a
good guy and not mention names. But here's one, the
Moon Lake Therapeutics that's down ninety percent overnight. By the way,
(13:15):
on a gap. Here's an company, a very well known
company with an analyst that went from a buy to
a hold. G you're down ninety percent. Hold. Here's another one,
(13:37):
same thing, another company that you would recognize, buy to
a hold. Hey, just so you know you could still
hold it. Why don't they say sell?
Speaker 6 (13:54):
Oh?
Speaker 2 (13:54):
Because it's down ninety percent already, right, Imagine from sixty
two bucks closing at six and a quarter, by the way,
open there by to a hold. Then the next one,
how about this one? From a bye to a neutral. Hey,
(14:19):
you're down ninety percent, we're neutral. Shouldn't they go from
a bye to absolutely disgusted? Not neutral? And then last
one I see here and outperform to a sector perform.
(14:42):
What the hell does that mean? Let me repeat, It
really pisss me off that anybody has by recommendations on
companies with no sales. And we are seeing a bunch
of it in the nuclear stocks, now, in the drones,
in the robotaxis no sales. And by the way, there's
(15:08):
a bunch of public drone companies and quantum companies and
robotaxi companies and nuclear companies. What are they all going
to be successful? Hell no, but let's have buy recommendations.
(15:30):
We do not tell you all this for our health.
We tell you all this because parts of Wall Street
are very screwy and we do not believe these no
sales companies. Well, we told you what we did. We
started the business at a penny stock firm, which, by
(15:53):
the way, got censured and fined. We would do these
blind pools, spacks bring companies out with three million bucks
and they had sales. These companies that are being foisted
upon you by the mucky MUCKs, the greatest companies on earth,
these investment bankers, the big names, are just putting out crap.
(16:16):
And again we're not talking to companies, we're talking about
the stocks. And of course, the other part of the
equation we've been telling you about is they've been open
up these IPOs hot and they're crashing. You ready, Klaar,
(16:38):
you were hyped on that one. Klarna forty dollars deal
opens at fifty seven two and a half weeks later,
thirty eight. How about Pigma thirty three dollars deal had
you up at one hundred and forty two bucks within
(16:59):
a day, fifty three bucks today, four weeks later. We're
not making this up. How about nine days ago Gemini
Space station twenty eight dollars deal, they opened up at
forty six. It's twenty four, nine days ago. That's almost
(17:22):
fifty percent nine days. How about Chime Chime Financial, another
one that loses a ton, twenty seven dollars deal opened
up at forty four twenty that's more than fifty percent.
Stub Hub, you know that one twenty three and a
(17:47):
half dollar deal first day twenty eight seventeen dollars and
twenty six cents eight days later. Oh there also doing
a horrible job of the initial public offerings. By the way,
(18:09):
I have about fifteen others that have done the same.
So I hope you listen to us on that also
and waited it out, And just so you know, I
watch things, and just so you know, they've been touting
these things as they come out, and you got buried.
(18:33):
We'll let you know if that changes. What else going
on today? Bitcoin real strong bounce a theory am bounced too,
not as strong, but brought a bunch of things along.
Robin Hood today touches itself a little bit to Bitcoin
up twelve eleven percent today, Robinhood eleven percent and up
(18:57):
another percent in the f the market, both Bitcoin Ethereum
still below the fifty day moving average, but today will
go a long way and getting it back above. In
case you don't know why they've been hyping you on
bitcoin like crazy, it is trading where it did last December,
a little bit higher now as of this morning. Last December.
(19:21):
But good day today. Out of the shoot today, good day.
That AI type, semiconductor type of stuff. Good day. And
there are names starting to really pop up that we
(19:42):
know about but look like they may want to go again.
I'm gonna mention some to you, but we are not
telling you to buy them, sell them, short them, or
cover them. We're letting you know very good relative strength
and potentially good patterns in Carvana, Door Dash and today
(20:04):
we warned you artificial intelligence announcements by Shopify and Etsy
both had very strong days today. Shop Offy is doing
something with Etsy with chet GBT for payments, and I'm
thinking to myself, is that a big deal? Well, it
(20:25):
was big deal enough for Etsy to go up ten
bucks to seventy four and change and Shopify to go
up nine bucks to one forty nine. I got to
investigate that news tonight up next more in depth into
the markets, much more.
Speaker 6 (20:43):
I'm carry this is no one on the investors that.
Speaker 5 (21:11):
You are listening to America is talking fallowing investors edge.
He's gotta be with the crowd. Is just on his
feet here, he said her on a boy with Gary
called Bob. He Co'm highly recommended.
Speaker 3 (21:24):
You're gonna feel better if you talk to him.
Speaker 2 (21:40):
By the way, if I sound like I'm in a mood.
The Mets had an adjusted payroll this year of three
hundred and forty two million bucks, and they didn't make
the playoffs. By the way, that the second and highest
(22:00):
in the Major League Baseball. I'm pretty sure the Dodgers
are number one, but they're in the playoffs. And by
the way, total cash outlay was three hundred and ninety
five million. That do not include the luxury tax payments,
which will increase the number to four hundred and thirty million,
and they didn't make the playoffs. I'd like to say
(22:28):
this always next year, but I say that every year.
Dow was up sixty eight today was down one hundred
in the Dow to day, Caterpillar up almost six, en
Vidia up three and a half, Microsoft up three and
a half, not much else. IBM was down four and
(22:51):
a half. Member that rallied up last week on quantum
stuff whatever s and p up seventeen Nasdaq one O seven.
Now's that one hundred one O seven and in that group,
good day for a bunch of the AI semis. They
came in a little bit by the end of the day,
(23:12):
but good day. And as I mentioned to you Carvana,
Strong Day, Door there Strong Day, app Love and app
Strong Day, Robinhood Strong Day. I mentioned to you Etsy
and Shopify. How about TKO that owns the WWE Strong Day, Roadblocks,
(23:34):
Strong Day, Electronic Arts go in private for like fifty billion.
So electronic Art, excuse me, Roadblocks and Take two Interactive
are up nicely today, pretty darn good. So there's a
few names sticking out, at least for me. As we
go into tamar gold. Excuse me, but holy moley. As
(24:07):
we told you, if that gold breaks out of that
eighteen week tight trading range, that breakout was just under
three eighteen it's four weeks ago, it's three point fifty
two today. And of course the miners are even much
(24:27):
stronger as they broke out first. And as we've told you,
if the miners are stronger than the metal, that's usually
bullish and dang, this move has been bullish as all heck.
And I must tell you no respite, notice the big word.
(24:47):
Just another new high in gold, just another new high
in silver yields. Good news came down today. Good news
Oil prices down two and a half bucks today, good
to see. We want to see that and yields. It
ticked up recently, and you may want to put this
(25:09):
number down on a piece of paper. Four point two
that's the ten year yield. A move above four point
two on the ten year yield, you'll hear from me
staying below good, getting above potentially not so good. Potentially
(25:32):
didn't say it was bad, potentially not so good, but overall,
we'll call it a good day for Beta that said,
are you ready? We'll do it again. We had said
(25:56):
to you recently we thought travel related looked like it
was getting a little tough be while the cruise lines
look like they've top Go look at Carnival and what
it did off for earnings today. Not one hundred percent sure,
but they're weakening. Same for the hotels. Just letting you
know a lot of retail bearish, definable down trends in
(26:19):
many retail names. And don't get me started on the
crash of Lululemon. Medical research and products, a lot of
them bearish trend If you look at the XLV, that's
healthcare very weak in the dow. McDonald's, which is a restaurant,
(26:43):
the restaurant stocks are bearish in the Dow. Honeywell in
the Dow, Boeing look like it's topped in the Dow,
Procter and Gamble in the Dow, Amjen Big Biotech week.
Those are all in the Dow. And just let you
know they're not bullish in the Dow. MRK Big Bear,
(27:09):
which takes me to most drugstocks Bearish, Bristol Myers, Bearish,
even Eli Lilly highly touted because of the well you
know those things bearish. We mentioned the hot IPOs already.
(27:31):
When you have a chance, and this is just lesson time,
go look at Target an all time high of two
sixty nine eighty eight eighty three cents and write at
a new yearly loan sails down, earnings down twenty percent
(27:56):
last quarter quarter before thirty six, A lesson. Why what
have we been telling you avoid Target? Now? Go take
Target's chart and overlay it on Walmart. Walmart is filet mignon.
Target is spam. Nothing against spam. Alcohol stocks bear market,
(28:21):
big bear Market, and every report coming out and you
can read, is that there's less and less alcohol consumption
across the board. While we're on the subject, food and beverage,
bearish household products, Go look at Procter and Gamble in
(28:44):
the Dow. They're all bear markets bearish food, beverage and
now tobacco, which was holding up that's getting hit. Two
consumer staples we mentioned. Did we mention restaurants? Restaurants bearish
(29:06):
and as a reminder, as a reminder what a great
leading stock the Kava Group was until last November when
it hit a high on earnings at one seventy two
and closed at one eight and is now fifty eight bucks.
(29:28):
A reminder that the group is bearish. Most stocks in
the group will be bearish. Also restaurants, UH, truckers pretty
much bearish. Go look at old Dominion Freight. I would
say the rails, but there's a buy out going on
with Union Pacific in Norfolk Southern, but other rails in
(29:51):
bad shape, don't you dare? Look at ups big bear
market in the Dow. Salesforce stock, big bear market. You're
catching my drift. We just want to let you know
there are plenty of places to still avoid. These are
areas we've been telling you to avoid. Insurance stocks pretty
(30:17):
much down trends, bearish. If things change, will let you know,
But we're just letting you know there are plenty of
areas in bad shape. The good news, not the semiconductors,
not the big banks, not the financials, not the artificial
(30:38):
intelligence stuff, not Chinese names, certainly, not Goldman Sachs or
JP Morgan, certainly, not the gold stocks. So whatever's working
is working. We're just letting you know there are plenty
(30:59):
of to avoid, and we hope you're avoiding them. And
when we tell you we think something may be topping,
we keep covering it just in case. And if you
look at Carnival today, gapped up, sold off heavy volume.
Not Aunt Mary and Uncle Bob doing the selling. Royal
Caribbean also below the fifty day. We'll see how it
(31:20):
plays out. Not one hundred percent sure, but evidence in
today and they've got a little mallet over their head.
So just a little word to the whys on those areas,
and if things change, will let you know. Now oil
is a little bit different. I got a few oil
stocks at new yearly highs. I got plenty near new
yearly lows, so very mixed and with oil prices coming
(31:42):
down today, not great for them. Up next concentration. You'll understand,
I'm gary, this is the one only investor's.
Speaker 4 (31:52):
Edge you're listening to what are you waiting for?
Speaker 3 (32:18):
One to ready?
Speaker 2 (32:21):
Go?
Speaker 5 (32:25):
We can't recalled bob, so.
Speaker 2 (32:53):
Uh. We want to make a point of again and
get in front of something. We want our audience to
be ready. How do you get an audience ready? You
get far in advance on top of the potential of something.
(33:20):
That's how we have gone back and studied bull markets,
bear markets. We have studied moments in time where you
had gargantuan concentration of the market. And we've discussed this
(33:40):
with you many a time. So let me repeat a
few things for you, just so you know, and then
we're going to add something. As of Friday, nine stocks
were seventy point three four percent of the Nasdaq one hundred,
Just nine ninety one were obviously less than thirty. Even worse,
(34:08):
eight stocks were almost thirty seven percent of the S
and P five hundred eight, leaving four hundred and ninety
two stocks to only be sixty three percent. If you
to equal weight those five hundred stocks in the S
and P five hundred each would be two tenths of
one percent. There are only ninety four stocks above two percent.
(34:37):
There are four hundred and six stocks below and there's
a couple one hundred, if not two fifty half of that.
This is record concentration in the market. It makes my
(34:58):
job a little bit easy for the beginn to see.
As you know, we pretty much stayed out on the
Trump tariff crash and then on the turn we believe
me bit our tongue, but on the confirmation day right
after we bought the market. But you know what we
(35:18):
have to do every day watch ten stocks. If ten
stocks those big names go into a bear market, the
indices will go into a bear market, at least the
big indices. Well, we have to add something else. The waiting,
(35:41):
waiting w e I G h TI NG of the
market is now back to a record of technology and
communications that it previously hit in nineteen ninety nine two thousand.
(36:05):
How do you get such a waiting massive institutional piling
on each other because that's what's working and getting out
of all those areas that aren't and not worrying about
valuations where you have like a pallentteer with a four
hundred billion dollar market cap with three billion in sales,
(36:28):
which by the way, can still go higher, and healthcare
is now down at nine when it's medium was seventeen.
Technology and communications is at thirty four percent. Its averages
(36:51):
way below that, so we know here's the big one.
If it's an if, If the market reverts to the mean,
there's gonna be one hell of a drop in technology
(37:12):
and communication stocks, and probably one heck of a rally
in things like healthcare that are being ignored on a
relative basis. Just keep this in your file manager. We
(37:38):
think we're pretty darn good at calling trouble and tops.
We have a sneaking suspicion this technology move may end
in some sort of climactic move like ninety nine and
early two thousand. If it does, we will be thrilled
(38:00):
and hope to be smart enough to sell into it
while everybody else is in a lather. Put it in
your file manager, simple as that could be three years,
(38:21):
two years, one year, six weeks. It wasn't today, it
won't be tomorrow. And we own some of these things,
and we'll keep you in touch, but we want to
let you know again under no uncertain terms. Eventually this
(38:47):
will go back to the norm, always has, always will,
and we'll be ready. We'll be ready. We've done some
(39:11):
exhaustive studies on this don't be left holding the bag.
Keep paying attention to us. We have a good feel.
We're still strong here. We're not doing this to scare you.
(39:42):
We're doing this to make sure you know how markets work,
and we are ready. Every day we get closer, and
if we start seeing a vertical move in the Nasdaq
(40:03):
and Nasdaq one hundred, that'll be it. You'll have a
great evening. Drive carefully 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 will be well.
Always appreciate you being here. Goodnight, all bye bye.
Speaker 1 (40:22):
This has been Investor's Edge with Gary Cultbomb 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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