Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
Investor's Edge with Gary Kultbaumb, straight talk about you and
your money now from the viz Talk studios. Here is
Gary Kultbaumb.
Speaker 2 (00:11):
And well once again to Investor's Edge. I'm Gary kolba
I'm your host day. Thanks for being with us today.
Glad you hear, ladies and gentlemen, happy that you are listening.
It is August sixth, Wednesday, two and twenty five. And
I really like hot tomalies. You have that hot tomalies
that like red hots. My wife brought from my son
(00:35):
who's in town because he loves them, and I stole
a few, just letting you know. Hey, ladies and gentlemen
before I do the introductions. In the recent past on
this show of your handsome and buffed host, we have
taken pains to explain to you how concentrate the market is.
(01:03):
That is specifically what we have been saying to you,
how the few are really, really, really really making up
a huge portion of the big indices, not minor, but
the S and P and the Nasdaq one hundred. We
(01:29):
have a few things to talk about today. We'll get
to it in a minute, but first this is Investor's Edge.
It is serious talk on everything that affects you. We
will do markets, the economy, your job, your industry, anything
(01:49):
and everything that comes to mind. The doge that went
by the wayside, the massive, big, beautiful bill that's too
big and too much debt and deficits. But great on
the tax cuts and the depreciation type things on small
business and things like that. Good bad. And I must
(02:16):
tell you late breaking news, late breaking news. President Trump
may have a meeting with that slobbering piece of crep
running Russia, that murderer, Vladimir Putin, uh, very quickly. And
(02:40):
I've got to tell you, if he's able to convince
Putin to stop what he's been doing for a few
years now, he will Donald Trump will get the Gary
Kay Peace Prize. That would be a major wow. Of course,
(03:03):
the media will portray it as Putin doing the heavy lifting,
because as you know, they suck. But that's for another day.
But that is some late breaking news. Some other late
breaking news is Tim Cook of Apple is going to
(03:24):
the White House today. I believe that they're gonna have
this meeting at four thirty. Tim Cook is promised to
spend five hundred billion dollars. This was told us about
six eight weeks ago. And as I said to you
that day, that's bs. That's already what they were gonna
(03:45):
spend no matter what going forward over a long period
of time. Well, he's announcing today another one hundred billion,
which is never gonna be spent. But he's smart because
he's gonna make make the president happy and make the
president look good. He knows that the president will be
gone in three and a half years and he won't
(04:06):
have to spend it. And guess what he's got in return,
more exemptions on tariffs. As we've told you, last quarter,
Apple paid eight hundred million dollars in tariffs tax. This
quarter they announced it was going to be one point
(04:29):
one billion dollars. The President's now going to exempt it.
I'm going to say something, and it's actually going to
be a compliment, though believe me, it's not going to
sound like a compliment. The President would make the Gambinos
and the goddis proud on the shakedowns he is pulling
(04:53):
off on companies like Apple to announce another one hundred billion,
And I'll give you excus emptions. I hate this operation.
I hate this process. I don't think any president should
be able to this, that, and the other thing. Companies
on tariffs, if they do something good versus something not good,
(05:18):
I think that's a bunch of bull crap. But I've
got to hand it to the President of the United
States on the shaking down of these companies. And it
is a shakedown. But I gather it is a legal shakedown, right,
(05:40):
It's a legal shakedown. Why because he's doing it and
nobody's saying anything the opposite. So good on him, I
think anyway. Amazingly, today Apple is up ten dollars at
(06:03):
one time excuse me, yeah, ten dollars and thirty six cents.
It's down a little bit in the aftermarket. At one
time today it was up twelve in change, just that
ten bucks. You're ready for this. Apple increased by about
one hundred and fifty billion dollar market cap. That's like
(06:26):
that one hundred and fifty billion is more than like
four hundred at least four hundred s and p five
hundred stocks. And guess what that does for the Nasdaq
one hundred. Oh yeah, damn straight. It was a Nasdaq
one hundred day to day. And that's where we're going
to explain the concentration. What have we told you here
(06:51):
in recent days. Well, I came up with the new numbers.
As of yesterday, seven stocks make up sixty four point
three two percent of the Nasdaq one hundred. What stocks
of those? And Vidia, Microsoft, Apple, Amazon, NETA, Broadcom, and Google,
(07:12):
with Tesla and Netflix just below and right after that
is Costco and Pallanteer there's your twelve. We'll get to
the point in a minute. Those same seven stocks thirty
three point nine six percent of the S and P,
(07:34):
which is more wild than the NASDAK one hundred because
well almost equal. Think about this, four hundred and ninety
three stocks in the S and P five hundred are
sixty four percent of the index, but seven or thirty
four that's insane. And I went through all five hundred
(07:57):
earlier today. By the way, you can at slick charts
dot com. There's a ton there's about one hundred of them.
If you add the bottom one hundred up, it would
be like seven percent the whole hundred. Maybe not even
(08:19):
so concentration. So let me read off to you today.
Are you ready? Apple up ten dollars and thirty six cents.
Apple is number three in the S and P and
number three in the Nasdaq one hundred. Amazon, which has
been very weak off earnings, but got defended today, up
(08:40):
eight point five six dollars today four percent. Amazon is
number four in the S and P and the Nasdaq
one hundred. It's seven point six two percent of the
NASDAK one hundred. Oh, I'm not done. Tesla has been
very weak, got defended at the big three hundred dollars mark,
(09:01):
up eleven and change today three point six percent. Tesla
is number nine on the Nasdaq one hundred at three
point three five percent, and number ten on the S
and P five hundred. But I'm not done. Netflix been weak,
(09:21):
sold off, broke the fifty day on earnings, was up
thirty bucks today after bringing down twenty five yesterday. Netflix
is number ten on the Nasdaq one hundred at one
point six three percent, number seventeen on the S and
P five hundred. Big names Costco, it's been dead. And
(09:43):
what have we been saying to about Costco? Well, we
think the issue is nothing's wrong with the company, but
it's trading it over sixty times earnings and they're so
big they're only growing those earnings. Let me give you
the numbers. The last four quarters sixt ten, eight, thirteen
sixty times earnings too expensive, so stock's been dead. But
(10:07):
that was up twenty five dollars today. Costco is number
eleven on the Nasdaq, one hundred nineteen on the S ANDP.
You had a wake up call on some major league
megacap names booking holdings up sixty one bucks. Now that's
a fifty five hundred dollars stock and some of the
(10:29):
strong names had a good day today. But I don't
want to talk the strong. I want to talk to
comatose and what happened with the market. I'm Gary, this
is the one only Investor's Edge.
Speaker 3 (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
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,
(11:25):
all to assist you in achieving your financial goals. Understanding
not all individuals have the same needs, will carefully evaluate
your personal goals to determine a proper investment strategy. If
your current approach to investing is not getting you to
where you would like to be, call us to make
an appointment for a complementary portfolio review. The number to
call is eight eight eight four two two five five
(11:47):
five nine. That's eight eight eight four two two five
to five five nine. That's eight eight eight four two
two five to five, five to nine investment advisory services
offer through Call Capital Management.
Speaker 4 (12:05):
It's time to switch on the integrator units and to
get the brain cells where.
Speaker 5 (12:09):
You're listening to. Okay, it could be fun Investor's Edge.
Speaker 4 (12:15):
The last bastion of quality programming.
Speaker 5 (12:18):
With Gary called bomb. It doesn't get.
Speaker 6 (12:20):
Better than this, and work once again to Investor's Edge.
Speaker 2 (12:37):
Thanks for being with us today. So with those moves today,
the NASDAQ one hundred was up two hundred and ninety six,
juicy points. The QQQ today was up one a quarter percent.
And you said one a quarter percent, no big deal,
But it was up one a quarter percent. And what's
(13:00):
the issue with the Nasdaq one hundred of two ninety
six the nasdak up two fifty two. Well, the issue
is advanced declines were negative new highs versus new lows
about the same. The Russell two thousand, and the mid
cap four hundred, Only twenty four hundred stocks we're down today.
(13:25):
What happened today was one of the most concentrated days
on the upside I have seen in a very long
time where the market took the queue. And it's almost
like the institutions have this one button that when pushed,
(13:53):
moves all the megacaps one way or the other. And
that's where happened today. Now to take the good side, well,
they're an influence on the big indissy, so the big
industries will stay in good stead. We'll hang on the
bad side. Well, what have we always told you about
(14:15):
things getting too narrow and concentrated? You know what we've
told you that said, I am not seeing the big
breakdown and the rest of the market that would cause
real trouble. Though, I will say to you, when we've
(14:36):
been saying to you, fewer and fewer stocks are participating,
more and more going by the wayside. And today in particular,
not after market, but today a ton of blow ups,
a ton of blow ups from earth earnings reports starting
(15:02):
with AMD though I see that as less a blow
up than but being just very extended. But man, oh man,
remember the super micro. Everybody's been touting blow up upstart,
buy now, pay later, blow up, and there was just
(15:26):
a ton of blow ups. So just letting you know
underneath the surface, crappy versus the bigs, not versus the bigs,
just not good and it'll be something to watch, but
(15:49):
a very very good day for the narrow few, as
well as some recent good reaction to earnings, Reddit, Meta, Pallenteer,
g Evanova, Broadcom. Some of the AI names pretty darn good,
(16:11):
and there was some things that acted well today off
of earnings. Not to take away from those, but we're
just letting you know one of the most concentrated move
days we have seen in a long while, if not
the biggest stunning. If you own the mag seven today
(16:37):
as they are called, it was a pretty darn good
They were up one point ninety six today. There's actually
an ETF for them mags, and that's the story of
the day. The Dow is only up eighty one. And
I will tell you between Apple and Amazon that are
in the dow, let's see eighteen six and one, six
(16:59):
and eight, why do they were? That was about one
hundred and fifteen dow points, throwing McDonald's was up nine.
McDonald's up nine wow, on a whopping seven percent earnings
growth in five percent revenue growth, which doesn't impress me
too much, but nevertheless, good reaction. Do you know I
(17:24):
haven't been in McDonald's and I'm gonna say twenty years.
Do you know in college I lived on chicken McNuggets.
I lived on chicken McNuggets. But I haven't been in
McDonald's in twenty at least at least twenty years. I've
never been a fan of the burgers. Love the fries,
(17:45):
but never a fan of the burgers. But them chicken McNuggets.
I used to eat them by the dozen in college.
I may have to go visit it now. Burger King's
got the better burgers if you asked me, and the
really crisp onion rings. But I must say, and I
don't do fast food often. The cow man is that good?
(18:11):
And you know when I'm out West, that In and
Out Burger they got game. When I was in Vegas,
we went to the In and Out that's right on
the strip. It was one hundred people deep, one hundred
people deep, and I mean that that's how good it was. Anyhow,
(18:33):
Dow was only up eighty one. Semiconductors were down, small
and mid caps were down. You know what was impressive
the gold miners Again we told you they broke out.
You know I was impressive gold was down today. Gold
miners were up more than a percent. That looked pretty
(18:54):
darn good. But I just want to let you know again,
dang narrow, narrow were And that just means fewer and
fewer in what we define as uptrends, and more and
more reverting the other way. And that's a little bit
(19:19):
of today's story. Ladies and gentlemen. In a nutshell, I
will tell you better walmart In, the Dow looks like
it's turning up and wanting to break out. I gotta
tell your AutoZone, O'Reilly Automotive, real good action, both into
new high ground off of no growth AutoZone minus four
(19:39):
per five percent sales growth, minus four percent earnings, O'Reilly
only six percent sales growth. But both into new high grounds.
And by the way, I ever been to the one.
I've only been into an AutoZone a couple of times.
It's fantastic. They got everything there. I don't think I've
been in O'Reilly, but I gather it's somewhat the same
right Moto parts and considered someone on the defensive side.
(20:05):
Why because in the economy's roughed up, you basically may
not buy cars. You may keep cars a little bit longer,
so you need auto parts. Anyway, both stocks pretty good shape.
And AutoZone it's tough to buy. It's a four thousand
dollars stock. I'm not a big believer in splits, but
(20:28):
I think when you get the four thousand, you should
split two for one or four for one. I didn't
believe in the Chipotle fifty for one, and we warned
you that that's going to be the high of the stock.
And it was big splits always bad. Hey up next, this,
(20:48):
that and the other thing or whatever else. We got
a bunch of news. Also, I'm Gary, this is the
one only investors that.
Speaker 5 (21:11):
You are listening to. America is talking fallowing investors edge.
Speaker 2 (21:16):
He's gotta be with the crowd.
Speaker 5 (21:18):
Is just on his feet. Here, said a boy with
Gary called Bob.
Speaker 4 (21:23):
Come highly recommended. You're gonna feel better if you talk
to him.
Speaker 2 (21:35):
So write these symbols down a lab And by the way,
you know what pisses me off? Sometimes we were watching
this A L A B. It's called astoral lamps semiconductor
(21:58):
all that it was, And for ten weeks traded basically
between ninety and one hundred, and we're just sitting there
waiting and waiting and waiting for it to break above
one hundred. And by the way, about one hundred and
(22:18):
two was exact. And I will tell you that on
a Friday, closed at about one oh one and a half,
but then on Monday opens up at one ten. And
I was so pod because we're looking at the thing. Okay,
(22:38):
if it breaks through one oh two, we're jumping. They
opened it at one ten. Oh, We're not going to
touch this thing at one ten. Now it's already up
eight percent. Forget it. Well, it closed at one forty
and opened up it was up thirty eight bucks today
on big numbers, put down alab is what we call
(23:01):
a big volume gap to the upside to a new
high next ariston Networks. By the way, we are not
advocating buying, selling, shorting, or covering. We have not bought
them as of yet, but they go on our big, big,
gigantic whatever list of big gap reactions to the upside.
(23:23):
Ariston Networks a n e T is another one. Big
volume earnings up thirty eight, revenues up thirty gap to
the new high yearly high. By the way, oh and
by the way, alab earnings up two hundred and thirty
eight percent, revenues up one hundred and fifty. And the
third one that's sticking out for me today Shopify volume
(23:48):
four hundred percent better than normal and breaks out on
a big gap out of a I don't know, let's
call it about six seven months trading range. Shopify earning's
up thirty five, revenues up thirty one. Again, we are
not telling you to buy, sell short to cover. We're
(24:09):
letting you know we're reporting the news. Big gaps to
the upside off of a strong off of strong earnings
reports that beat the estimates, but also what we call
pretty darn good growth. You had one in Pall and
Teer in the last day though. It's got a four
hundred billion dollar market cap with three billion in sales,
(24:32):
which has me saying, boy, the next bear market, that
sucker is going to be a great short, but not
right now. It probably goes higher. What else? You had
a good reaction in ge Vanova, Gevy and by the
way today McDonald's gapped up. How about Wolverine Worldwide? That
(24:55):
gapped up? And there were a few others that you
probably have never even heard of. Oh, I hate even
saying this. The New York Times had a big volume
move to new highs today on earnings. People love lies
(25:16):
because there are a bunch of lion sacks at the
New York Times. But hey, great move today in the
stock I will not ever poo poo that ladies and gentlemen.
Interest rates popped up a little bit today. No biggie
oil prices down a stick. That's fine. We like seeing that.
(25:39):
Oil stocks not a good day. Drug stocks very bad.
The President's and again this is the part of the president.
What are you talking about. I may put a two
hundred and fifty percent tariff on pharmaceuticals. Oh yeah, sure,
so that means whatever you're paying now, just you're paying
(26:00):
ten bucks for a bottle pill will be twenty five
paying fifty. Anyway, he's I don't want to use the
word childish, but I wish he'd clam it up. We
know now he's full of crap when it comes to
the big number tariffs. He's paused all of them. He's
(26:24):
exempted a ton of stuff through them. He did one
on Brazil fifty percent, Brazil fifty percent and exempted the
most important products coming from Brazil anyway. Again, concentrated as all. Heck,
(26:50):
But I got to tell you, I've made good money
in narrow markets, and you know what, the money's flowing
into the biggest, most liquid mega caps. I'm fine with that.
There have been moments in time where I remember, right
before COVID, I think I had five stocks. They were
(27:12):
all the mega caps, and all they were doing was
drifting higher. It was a blast, and the same day
they all started breaking down. I got out, not knowing
what was going to happen from COVID, and they all
crashed afterwards. Yeah, yeah, whatever, speaking that, did you hear
(27:40):
Robert F. Kennedy is defunding vaccine company. So he's another
guy who's just full of crap. Remember what we told you.
He's lied out a RS for years, vaccines, bad vaccines,
bad vaccines, bad vaccines, bad. Then he comes in does
the testimony and all that stuff. No, no, no, I'm cool
with the vaccine. Now he's defunding vaccine research. He's an
(28:03):
ass clown. Got to get rid of him. He should
be fired tomorrow. They're painting this picture of vaccines being bad.
And I gotta tell you, vaccines have done a wonderful
job on so many illnesses throughout the years, and no
way shape or for him. I saying they're perfect. But
this guy's an ass. He should be out. I wouldn't
(28:30):
have hired him. What can I tell you? By the way,
Trump intends to meet with Putin and Zelensky, I don't
know at the same time, at the same time that
would be, that would be wow, get the steel cage, dang.
And if I was Trump, I'd sit down with Putin,
(28:52):
just do this. So a ton of your soldiers are dead,
What have you gotten for it? And how many more
do you want dead? And you get nothing for it?
What can we do today that you all say face
(29:13):
and get out of this and look good at the
same time. And I'll do everything to make you look good.
That's what I would do. That's what I would do.
And of course he'd go tell me to f myself right,
(29:34):
because he's a communist dictator, murderer. He don't care, right,
He ain't on the front lines. If he was on
the front lines, he'd care anyway. We'll see how that
plays out. Yip e AA. In other news, well, there
(29:59):
was some five people shot on a military base today. Man,
I gotta tell you, I just hate seeing it. There's
some ride the subway in New York City and what
(30:20):
you will find, there's just a lot of people out
there that have fallen through the cracks, and you never
know what wire gets touched off, not giving them any excuses,
you know that, and then they do something and there's
(30:44):
nobody to blame. Of course, people fall through the cracks anyway,
Another shooting will find out what it is about. And
I hate reporting on it, but it is a fact
of life. Yesterday we reported to you that Elizabeth Warren
was backing the communist who's going to run New York City.
(31:06):
We got a lot of email on that. There was
not one that disagreed with me. So it looks like
none of you were communists out there. Good to see,
just letting you know. Unfortunately, he's gonna win. And by
the way, to his credit, unlike other Democrats that party
(31:29):
that lies about who they are and then they get
into their position and goes back to exactly who they are,
he's telling you who he is. He's telling you he's
a communist, take it or leave it, not kidding up
next this, that and the other thing or whatever else.
This is the one only investor's.
Speaker 5 (31:50):
Edgrew you're listening to. What are you waiting for one
(32:19):
to ready? We can't recalled bot.
Speaker 2 (32:48):
And walk once again to investor's edge. Uh, let's see
what else I saw today? Well, as the yields went up,
they hit the housing and how related today that's number one.
Number two, they beat the heck out of medical again.
(33:10):
Today we have told you under no uncertain terms, and
that doesn't mean there aren't a few that are strong,
but as a whole, to avoid medical and we have
said to you that includes drugs, pharmaceuticals manage care big time,
(33:34):
the medical research and medical products companies, and again not
all the big biotech, which means most. I think we
even came out and said avoid where you get your blood,
(33:54):
like lab Core and Quest. But lab Core had a
nice reaction to earnings and then it died. We think
the thought process of government payments is doing it that
there is no way going forward the payments they have
(34:16):
been getting these companies through government are going to be
the same, and there is going to be something akin
to some margin squeeze. And as we have told you,
whenever margin squeeze is perceived, usually the stocks no go.
(34:37):
So nothing has changed here. This has been going on
for a while. You have had crashes and I'm being nice.
You've had crashes in the managed care HMO stocks off
of the United Health and all that crap. I would say,
hospitals also pretty much in bad shape. I would avoid
(35:01):
those two. And we gave you the best example of
the problem with the hospitals that I think is going
to be addressed. I don't know. It was about fifteen
months ago. I went in. I think I got there
at seven pm, went to the emergency room and I
told you and I had a little episode, and I
(35:23):
was in the emergency room for about fifteen minutes. They
put me in another room, spoke to somebody, felt better.
Six seven hours later they let me get go. I
got a twenty six thousand dollars bill, and then it
(35:46):
came back out of that twenty six thousand, I owed
four thousand, and I don't mind paying my bills. But
then I looked on the bill that it said five
thousand dollars for outpatient Huh. I called up and I said,
(36:07):
I wasn't an outpatient. Oh okay, they give me a
new bill with five thousand dollars for observation instead of outpatients,
so they didn't deduct it. I called back, I go,
what is this crap? Also on that bill was six
thousand dollars for emergency room. I said six thousands the
(36:29):
same time, six thousand dollars for emergency room. I was
there for like eight minutes. Oh yeah, but and then
other sundry things which I don't need to get into,
but twenty six thousand dollars for like seven hours. And
I spoke to my insurance company. I'm not going to
(36:51):
say who, And I'm like, you know, they're screwing you.
And you know, they came back and said to me, well,
we're not paying it's already down to this much. I go,
but why would I pay them a dime when this
is a lie? And you know, my insurance said, well,
that'll be your choice. I go, do you even care?
Do you even talk to them? Do you even say
to them how badly they're screwing the patient? And you know,
(37:16):
my insurance company said, well that was the answer. Well,
so I think hospitals will be a big look. And
by the way, I can go back to nineteen eighty
five when my wife contracted ulst of colitis and almost
died and she was in the hospital. We got this
bill and there were twenty six dollars from Thailand alls no, no, no, no, no, no, no, no,
(37:42):
that's not a lie. We saw twenty six dollars for Thailand,
alls oh two of them, and they told us this
was the excuse. It's cost sharing that was back in
eighty five. I think there's a chance hospitals and I
gather the whole health care industry can't wait the Trump
(38:07):
is out of office and are praying that the other
side gets in. That's what I'm thinking, because the other
side don't care about you. They just care about controlling
you anyway. So there's your healthcare thought process. And until
(38:30):
the action changes in the group, we're staying away from
all of them. And again there's some that are on
the strong side. We saw some good reaction to earnings.
But we're a big believer in sector analysis. You really
need to have a group strong to be in stocks
(38:51):
in that group, and that's why when we say to you, well,
the semiconductors. A lot of them are really weak, but
all the AIS. We actually consider artificial intelligence semiconductors to
be their own little fiefdom at this point in time,
because I got to tell you analog devices and Texas
(39:12):
instruments and others look like crap. So just letting you
know how we tend to look at things. It's a
lot of observation, it's a lot of hard work, but
the whole goal is to be able to recognize up
trends and down trends, bull markets and bayar markets, bullish
(39:33):
phases and bearish phases, and state of hell out of
the way when big trouble arrives. And what we are
designating right now is there was a move a foot
into the comatose megacaps today and we're wondering if that's meaningful.
Not sure, but we're also doing right now this is
the biggest week in number for earnings. We're just making
(39:55):
making the list. We're just making the list of all
the great reactions, look at the numbers and saying okay,
fits the bill, and we're done. You all have a
great evening. Hope we're helping drive carefully when you get home.
Do like we do. Make sure you hug your children.
Make sure you hug your family. They will feel better.
(40:16):
You will feel better. I promise they will be well.
Always appreciate you listening. Good night, all bye bye.
Speaker 1 (40:22):
This has been Investor's Edge with Gary Cultbom on Biz Talk.
To listen to past episodes or to get in contact
with Gary, go to Garykay dot com. That's garykay dot com.
Investor's Edge with Gary Kultbaumb, straight talk about you and
your money now from the viz Talk studios. Here is
Gary Kultbaumb.
Speaker 2 (00:11):
And well once again to Investor's Edge. I'm Gary kolba
I'm your host day. Thanks for being with us today.
Glad you hear, ladies and gentlemen, happy that you are listening.
It is August sixth, Wednesday, two and twenty five. And
I really like hot tomalies. You have that hot tomalies
that like red hots. My wife brought from my son
(00:35):
who's in town because he loves them, and I stole
a few, just letting you know. Hey, ladies and gentlemen
before I do the introductions. In the recent past on
this show of your handsome and buffed host, we have
taken pains to explain to you how concentrate the market is.
(01:03):
That is specifically what we have been saying to you,
how the few are really, really, really really making up
a huge portion of the big indices, not minor, but
the S and P and the Nasdaq one hundred. We
(01:29):
have a few things to talk about today. We'll get
to it in a minute, but first this is Investor's Edge.
It is serious talk on everything that affects you. We
will do markets, the economy, your job, your industry, anything
(01:49):
and everything that comes to mind. The doge that went
by the wayside, the massive, big, beautiful bill that's too
big and too much debt and deficits. But great on
the tax cuts and the depreciation type things on small
business and things like that. Good bad. And I must
(02:16):
tell you late breaking news, late breaking news. President Trump
may have a meeting with that slobbering piece of crep
running Russia, that murderer, Vladimir Putin, uh, very quickly. And
(02:40):
I've got to tell you, if he's able to convince
Putin to stop what he's been doing for a few
years now, he will Donald Trump will get the Gary
Kay Peace Prize. That would be a major wow. Of course,
(03:03):
the media will portray it as Putin doing the heavy lifting,
because as you know, they suck. But that's for another day.
But that is some late breaking news. Some other late
breaking news is Tim Cook of Apple is going to
(03:24):
the White House today. I believe that they're gonna have
this meeting at four thirty. Tim Cook is promised to
spend five hundred billion dollars. This was told us about
six eight weeks ago. And as I said to you
that day, that's bs. That's already what they were gonna
(03:45):
spend no matter what going forward over a long period
of time. Well, he's announcing today another one hundred billion,
which is never gonna be spent. But he's smart because
he's gonna make make the president happy and make the
president look good. He knows that the president will be
gone in three and a half years and he won't
(04:06):
have to spend it. And guess what he's got in return,
more exemptions on tariffs. As we've told you, last quarter,
Apple paid eight hundred million dollars in tariffs tax. This
quarter they announced it was going to be one point
(04:29):
one billion dollars. The President's now going to exempt it.
I'm going to say something, and it's actually going to
be a compliment, though believe me, it's not going to
sound like a compliment. The President would make the Gambinos
and the goddis proud on the shakedowns he is pulling
(04:53):
off on companies like Apple to announce another one hundred billion,
And I'll give you excus emptions. I hate this operation.
I hate this process. I don't think any president should
be able to this, that, and the other thing. Companies
on tariffs, if they do something good versus something not good,
(05:18):
I think that's a bunch of bull crap. But I've
got to hand it to the President of the United
States on the shaking down of these companies. And it
is a shakedown. But I gather it is a legal shakedown, right,
(05:40):
It's a legal shakedown. Why because he's doing it and
nobody's saying anything the opposite. So good on him, I
think anyway. Amazingly, today Apple is up ten dollars at
(06:03):
one time excuse me, yeah, ten dollars and thirty six cents.
It's down a little bit in the aftermarket. At one
time today it was up twelve in change, just that
ten bucks. You're ready for this. Apple increased by about
one hundred and fifty billion dollar market cap. That's like
(06:26):
that one hundred and fifty billion is more than like
four hundred at least four hundred s and p five
hundred stocks. And guess what that does for the Nasdaq
one hundred. Oh yeah, damn straight. It was a Nasdaq
one hundred day to day. And that's where we're going
to explain the concentration. What have we told you here
(06:51):
in recent days. Well, I came up with the new numbers.
As of yesterday, seven stocks make up sixty four point
three two percent of the Nasdaq one hundred. What stocks
of those? And Vidia, Microsoft, Apple, Amazon, NETA, Broadcom, and Google,
(07:12):
with Tesla and Netflix just below and right after that
is Costco and Pallanteer there's your twelve. We'll get to
the point in a minute. Those same seven stocks thirty
three point nine six percent of the S and P,
(07:34):
which is more wild than the NASDAK one hundred because
well almost equal. Think about this, four hundred and ninety
three stocks in the S and P five hundred are
sixty four percent of the index, but seven or thirty
four that's insane. And I went through all five hundred
(07:57):
earlier today. By the way, you can at slick charts
dot com. There's a ton there's about one hundred of them.
If you add the bottom one hundred up, it would
be like seven percent the whole hundred. Maybe not even
(08:19):
so concentration. So let me read off to you today.
Are you ready? Apple up ten dollars and thirty six cents.
Apple is number three in the S and P and
number three in the Nasdaq one hundred. Amazon, which has
been very weak off earnings, but got defended today, up
(08:40):
eight point five six dollars today four percent. Amazon is
number four in the S and P and the Nasdaq
one hundred. It's seven point six two percent of the
NASDAK one hundred. Oh, I'm not done. Tesla has been
very weak, got defended at the big three hundred dollars mark,
(09:01):
up eleven and change today three point six percent. Tesla
is number nine on the Nasdaq one hundred at three
point three five percent, and number ten on the S
and P five hundred. But I'm not done. Netflix been weak,
(09:21):
sold off, broke the fifty day on earnings, was up
thirty bucks today after bringing down twenty five yesterday. Netflix
is number ten on the Nasdaq one hundred at one
point six three percent, number seventeen on the S and
P five hundred. Big names Costco, it's been dead. And
(09:43):
what have we been saying to about Costco? Well, we
think the issue is nothing's wrong with the company, but
it's trading it over sixty times earnings and they're so
big they're only growing those earnings. Let me give you
the numbers. The last four quarters sixt ten, eight, thirteen
sixty times earnings too expensive, so stock's been dead. But
(10:07):
that was up twenty five dollars today. Costco is number
eleven on the Nasdaq, one hundred nineteen on the S ANDP.
You had a wake up call on some major league
megacap names booking holdings up sixty one bucks. Now that's
a fifty five hundred dollars stock and some of the
(10:29):
strong names had a good day today. But I don't
want to talk the strong. I want to talk to
comatose and what happened with the market. I'm Gary, this
is the one only Investor's Edge.
Speaker 3 (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
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,
(11:25):
all to assist you in achieving your financial goals. Understanding
not all individuals have the same needs, will carefully evaluate
your personal goals to determine a proper investment strategy. If
your current approach to investing is not getting you to
where you would like to be, call us to make
an appointment for a complementary portfolio review. The number to
call is eight eight eight four two two five five
(11:47):
five nine. That's eight eight eight four two two five
to five five nine. That's eight eight eight four two
two five to five, five to nine investment advisory services
offer through Call Capital Management.
Speaker 4 (12:05):
It's time to switch on the integrator units and to
get the brain cells where.
Speaker 5 (12:09):
You're listening to. Okay, it could be fun Investor's Edge.
Speaker 4 (12:15):
The last bastion of quality programming.
Speaker 5 (12:18):
With Gary called bomb. It doesn't get.
Speaker 6 (12:20):
Better than this, and work once again to Investor's Edge.
Speaker 2 (12:37):
Thanks for being with us today. So with those moves today,
the NASDAQ one hundred was up two hundred and ninety six,
juicy points. The QQQ today was up one a quarter percent.
And you said one a quarter percent, no big deal,
But it was up one a quarter percent. And what's
(13:00):
the issue with the Nasdaq one hundred of two ninety
six the nasdak up two fifty two. Well, the issue
is advanced declines were negative new highs versus new lows
about the same. The Russell two thousand, and the mid
cap four hundred, Only twenty four hundred stocks we're down today.
(13:25):
What happened today was one of the most concentrated days
on the upside I have seen in a very long
time where the market took the queue. And it's almost
like the institutions have this one button that when pushed,
(13:53):
moves all the megacaps one way or the other. And
that's where happened today. Now to take the good side, well,
they're an influence on the big indissy, so the big
industries will stay in good stead. We'll hang on the
bad side. Well, what have we always told you about
(14:15):
things getting too narrow and concentrated? You know what we've
told you that said, I am not seeing the big
breakdown and the rest of the market that would cause
real trouble. Though, I will say to you, when we've
(14:36):
been saying to you, fewer and fewer stocks are participating,
more and more going by the wayside. And today in particular,
not after market, but today a ton of blow ups,
a ton of blow ups from earth earnings reports starting
(15:02):
with AMD though I see that as less a blow
up than but being just very extended. But man, oh man,
remember the super micro. Everybody's been touting blow up upstart,
buy now, pay later, blow up, and there was just
(15:26):
a ton of blow ups. So just letting you know
underneath the surface, crappy versus the bigs, not versus the bigs,
just not good and it'll be something to watch, but
(15:49):
a very very good day for the narrow few, as
well as some recent good reaction to earnings, Reddit, Meta, Pallenteer,
g Evanova, Broadcom. Some of the AI names pretty darn good,
(16:11):
and there was some things that acted well today off
of earnings. Not to take away from those, but we're
just letting you know one of the most concentrated move
days we have seen in a long while, if not
the biggest stunning. If you own the mag seven today
(16:37):
as they are called, it was a pretty darn good
They were up one point ninety six today. There's actually
an ETF for them mags, and that's the story of
the day. The Dow is only up eighty one. And
I will tell you between Apple and Amazon that are
in the dow, let's see eighteen six and one, six
(16:59):
and eight, why do they were? That was about one
hundred and fifteen dow points, throwing McDonald's was up nine.
McDonald's up nine wow, on a whopping seven percent earnings
growth in five percent revenue growth, which doesn't impress me
too much, but nevertheless, good reaction. Do you know I
(17:24):
haven't been in McDonald's and I'm gonna say twenty years.
Do you know in college I lived on chicken McNuggets.
I lived on chicken McNuggets. But I haven't been in
McDonald's in twenty at least at least twenty years. I've
never been a fan of the burgers. Love the fries,
(17:45):
but never a fan of the burgers. But them chicken McNuggets.
I used to eat them by the dozen in college.
I may have to go visit it now. Burger King's
got the better burgers if you asked me, and the
really crisp onion rings. But I must say, and I
don't do fast food often. The cow man is that good?
(18:11):
And you know when I'm out West, that In and
Out Burger they got game. When I was in Vegas,
we went to the In and Out that's right on
the strip. It was one hundred people deep, one hundred
people deep, and I mean that that's how good it was. Anyhow,
(18:33):
Dow was only up eighty one. Semiconductors were down, small
and mid caps were down. You know what was impressive
the gold miners Again we told you they broke out.
You know I was impressive gold was down today. Gold
miners were up more than a percent. That looked pretty
(18:54):
darn good. But I just want to let you know again,
dang narrow, narrow were And that just means fewer and
fewer in what we define as uptrends, and more and
more reverting the other way. And that's a little bit
(19:19):
of today's story. Ladies and gentlemen. In a nutshell, I
will tell you better walmart In, the Dow looks like
it's turning up and wanting to break out. I gotta
tell your AutoZone, O'Reilly Automotive, real good action, both into
new high ground off of no growth AutoZone minus four
(19:39):
per five percent sales growth, minus four percent earnings, O'Reilly
only six percent sales growth. But both into new high grounds.
And by the way, I ever been to the one.
I've only been into an AutoZone a couple of times.
It's fantastic. They got everything there. I don't think I've
been in O'Reilly, but I gather it's somewhat the same
right Moto parts and considered someone on the defensive side.
(20:05):
Why because in the economy's roughed up, you basically may
not buy cars. You may keep cars a little bit longer,
so you need auto parts. Anyway, both stocks pretty good shape.
And AutoZone it's tough to buy. It's a four thousand
dollars stock. I'm not a big believer in splits, but
(20:28):
I think when you get the four thousand, you should
split two for one or four for one. I didn't
believe in the Chipotle fifty for one, and we warned
you that that's going to be the high of the stock.
And it was big splits always bad. Hey up next, this,
(20:48):
that and the other thing or whatever else. We got
a bunch of news. Also, I'm Gary, this is the
one only investors that.
Speaker 5 (21:11):
You are listening to. America is talking fallowing investors edge.
Speaker 2 (21:16):
He's gotta be with the crowd.
Speaker 5 (21:18):
Is just on his feet. Here, said a boy with
Gary called Bob.
Speaker 4 (21:23):
Come highly recommended. You're gonna feel better if you talk
to him.
Speaker 2 (21:35):
So write these symbols down a lab And by the way,
you know what pisses me off? Sometimes we were watching
this A L A B. It's called astoral lamps semiconductor
(21:58):
all that it was, And for ten weeks traded basically
between ninety and one hundred, and we're just sitting there
waiting and waiting and waiting for it to break above
one hundred. And by the way, about one hundred and
(22:18):
two was exact. And I will tell you that on
a Friday, closed at about one oh one and a half,
but then on Monday opens up at one ten. And
I was so pod because we're looking at the thing. Okay,
(22:38):
if it breaks through one oh two, we're jumping. They
opened it at one ten. Oh, We're not going to
touch this thing at one ten. Now it's already up
eight percent. Forget it. Well, it closed at one forty
and opened up it was up thirty eight bucks today
on big numbers, put down alab is what we call
(23:01):
a big volume gap to the upside to a new
high next ariston Networks. By the way, we are not
advocating buying, selling, shorting, or covering. We have not bought
them as of yet, but they go on our big, big,
gigantic whatever list of big gap reactions to the upside.
(23:23):
Ariston Networks a n e T is another one. Big
volume earnings up thirty eight, revenues up thirty gap to
the new high yearly high. By the way, oh and
by the way, alab earnings up two hundred and thirty
eight percent, revenues up one hundred and fifty. And the
third one that's sticking out for me today Shopify volume
(23:48):
four hundred percent better than normal and breaks out on
a big gap out of a I don't know, let's
call it about six seven months trading range. Shopify earning's
up thirty five, revenues up thirty one. Again, we are
not telling you to buy, sell short to cover. We're
(24:09):
letting you know we're reporting the news. Big gaps to
the upside off of a strong off of strong earnings
reports that beat the estimates, but also what we call
pretty darn good growth. You had one in Pall and
Teer in the last day though. It's got a four
hundred billion dollar market cap with three billion in sales,
(24:32):
which has me saying, boy, the next bear market, that
sucker is going to be a great short, but not
right now. It probably goes higher. What else? You had
a good reaction in ge Vanova, Gevy and by the
way today McDonald's gapped up. How about Wolverine Worldwide? That
(24:55):
gapped up? And there were a few others that you
probably have never even heard of. Oh, I hate even
saying this. The New York Times had a big volume
move to new highs today on earnings. People love lies
(25:16):
because there are a bunch of lion sacks at the
New York Times. But hey, great move today in the
stock I will not ever poo poo that ladies and gentlemen.
Interest rates popped up a little bit today. No biggie
oil prices down a stick. That's fine. We like seeing that.
(25:39):
Oil stocks not a good day. Drug stocks very bad.
The President's and again this is the part of the president.
What are you talking about. I may put a two
hundred and fifty percent tariff on pharmaceuticals. Oh yeah, sure,
so that means whatever you're paying now, just you're paying
(26:00):
ten bucks for a bottle pill will be twenty five
paying fifty. Anyway, he's I don't want to use the
word childish, but I wish he'd clam it up. We
know now he's full of crap when it comes to
the big number tariffs. He's paused all of them. He's
(26:24):
exempted a ton of stuff through them. He did one
on Brazil fifty percent, Brazil fifty percent and exempted the
most important products coming from Brazil anyway. Again, concentrated as all. Heck,
(26:50):
But I got to tell you, I've made good money
in narrow markets, and you know what, the money's flowing
into the biggest, most liquid mega caps. I'm fine with that.
There have been moments in time where I remember, right
before COVID, I think I had five stocks. They were
(27:12):
all the mega caps, and all they were doing was
drifting higher. It was a blast, and the same day
they all started breaking down. I got out, not knowing
what was going to happen from COVID, and they all
crashed afterwards. Yeah, yeah, whatever, speaking that, did you hear
(27:40):
Robert F. Kennedy is defunding vaccine company. So he's another
guy who's just full of crap. Remember what we told you.
He's lied out a RS for years, vaccines, bad vaccines,
bad vaccines, bad vaccines, bad. Then he comes in does
the testimony and all that stuff. No, no, no, I'm cool
with the vaccine. Now he's defunding vaccine research. He's an
(28:03):
ass clown. Got to get rid of him. He should
be fired tomorrow. They're painting this picture of vaccines being bad.
And I gotta tell you, vaccines have done a wonderful
job on so many illnesses throughout the years, and no
way shape or for him. I saying they're perfect. But
this guy's an ass. He should be out. I wouldn't
(28:30):
have hired him. What can I tell you? By the way,
Trump intends to meet with Putin and Zelensky, I don't
know at the same time, at the same time that
would be, that would be wow, get the steel cage, dang.
And if I was Trump, I'd sit down with Putin,
(28:52):
just do this. So a ton of your soldiers are dead,
What have you gotten for it? And how many more
do you want dead? And you get nothing for it?
What can we do today that you all say face
(29:13):
and get out of this and look good at the
same time. And I'll do everything to make you look good.
That's what I would do. That's what I would do.
And of course he'd go tell me to f myself right,
(29:34):
because he's a communist dictator, murderer. He don't care, right,
He ain't on the front lines. If he was on
the front lines, he'd care anyway. We'll see how that
plays out. Yip e AA. In other news, well, there
(29:59):
was some five people shot on a military base today. Man,
I gotta tell you, I just hate seeing it. There's
some ride the subway in New York City and what
(30:20):
you will find, there's just a lot of people out
there that have fallen through the cracks, and you never
know what wire gets touched off, not giving them any excuses,
you know that, and then they do something and there's
(30:44):
nobody to blame. Of course, people fall through the cracks anyway,
Another shooting will find out what it is about. And
I hate reporting on it, but it is a fact
of life. Yesterday we reported to you that Elizabeth Warren
was backing the communist who's going to run New York City.
(31:06):
We got a lot of email on that. There was
not one that disagreed with me. So it looks like
none of you were communists out there. Good to see,
just letting you know. Unfortunately, he's gonna win. And by
the way, to his credit, unlike other Democrats that party
(31:29):
that lies about who they are and then they get
into their position and goes back to exactly who they are,
he's telling you who he is. He's telling you he's
a communist, take it or leave it, not kidding up
next this, that and the other thing or whatever else.
This is the one only investor's.
Speaker 5 (31:50):
Edgrew you're listening to. What are you waiting for one
(32:19):
to ready? We can't recalled bot.
Speaker 2 (32:48):
And walk once again to investor's edge. Uh, let's see
what else I saw today? Well, as the yields went up,
they hit the housing and how related today that's number one.
Number two, they beat the heck out of medical again.
(33:10):
Today we have told you under no uncertain terms, and
that doesn't mean there aren't a few that are strong,
but as a whole, to avoid medical and we have
said to you that includes drugs, pharmaceuticals manage care big time,
(33:34):
the medical research and medical products companies, and again not
all the big biotech, which means most. I think we
even came out and said avoid where you get your blood,
(33:54):
like lab Core and Quest. But lab Core had a
nice reaction to earnings and then it died. We think
the thought process of government payments is doing it that
there is no way going forward the payments they have
(34:16):
been getting these companies through government are going to be
the same, and there is going to be something akin
to some margin squeeze. And as we have told you,
whenever margin squeeze is perceived, usually the stocks no go.
(34:37):
So nothing has changed here. This has been going on
for a while. You have had crashes and I'm being nice.
You've had crashes in the managed care HMO stocks off
of the United Health and all that crap. I would say,
hospitals also pretty much in bad shape. I would avoid
(35:01):
those two. And we gave you the best example of
the problem with the hospitals that I think is going
to be addressed. I don't know. It was about fifteen
months ago. I went in. I think I got there
at seven pm, went to the emergency room and I
told you and I had a little episode, and I
(35:23):
was in the emergency room for about fifteen minutes. They
put me in another room, spoke to somebody, felt better.
Six seven hours later they let me get go. I
got a twenty six thousand dollars bill, and then it
(35:46):
came back out of that twenty six thousand, I owed
four thousand, and I don't mind paying my bills. But
then I looked on the bill that it said five
thousand dollars for outpatient Huh. I called up and I said,
(36:07):
I wasn't an outpatient. Oh okay, they give me a
new bill with five thousand dollars for observation instead of outpatients,
so they didn't deduct it. I called back, I go,
what is this crap? Also on that bill was six
thousand dollars for emergency room. I said six thousands the
(36:29):
same time, six thousand dollars for emergency room. I was
there for like eight minutes. Oh yeah, but and then
other sundry things which I don't need to get into,
but twenty six thousand dollars for like seven hours. And
I spoke to my insurance company. I'm not going to
(36:51):
say who, And I'm like, you know, they're screwing you.
And you know, they came back and said to me, well,
we're not paying it's already down to this much. I go,
but why would I pay them a dime when this
is a lie? And you know, my insurance said, well,
that'll be your choice. I go, do you even care?
Do you even talk to them? Do you even say
to them how badly they're screwing the patient? And you know,
(37:16):
my insurance company said, well that was the answer. Well,
so I think hospitals will be a big look. And
by the way, I can go back to nineteen eighty
five when my wife contracted ulst of colitis and almost
died and she was in the hospital. We got this
bill and there were twenty six dollars from Thailand alls no, no, no, no, no, no, no, no,
(37:42):
that's not a lie. We saw twenty six dollars for Thailand,
alls oh two of them, and they told us this
was the excuse. It's cost sharing that was back in
eighty five. I think there's a chance hospitals and I
gather the whole health care industry can't wait the Trump
(38:07):
is out of office and are praying that the other
side gets in. That's what I'm thinking, because the other
side don't care about you. They just care about controlling
you anyway. So there's your healthcare thought process. And until
(38:30):
the action changes in the group, we're staying away from
all of them. And again there's some that are on
the strong side. We saw some good reaction to earnings.
But we're a big believer in sector analysis. You really
need to have a group strong to be in stocks
(38:51):
in that group, and that's why when we say to you, well,
the semiconductors. A lot of them are really weak, but
all the AIS. We actually consider artificial intelligence semiconductors to
be their own little fiefdom at this point in time,
because I got to tell you analog devices and Texas
(39:12):
instruments and others look like crap. So just letting you
know how we tend to look at things. It's a
lot of observation, it's a lot of hard work, but
the whole goal is to be able to recognize up
trends and down trends, bull markets and bayar markets, bullish
(39:33):
phases and bearish phases, and state of hell out of
the way when big trouble arrives. And what we are
designating right now is there was a move a foot
into the comatose megacaps today and we're wondering if that's meaningful.
Not sure, but we're also doing right now this is
the biggest week in number for earnings. We're just making
(39:55):
making the list. We're just making the list of all
the great reactions, look at the numbers and saying okay,
fits the bill, and we're done. You all have a
great evening. Hope we're helping drive carefully when you get home.
Do like we do. Make sure you hug your children.
Make sure you hug your family. They will feel better.
(40:16):
You will feel better. I promise they will be well.
Always appreciate you listening. Good night, all bye bye.
Speaker 1 (40:22):
This has been Investor's Edge with Gary Cultbom on Biz Talk.
To listen to past episodes or to get in contact
with Gary, go to Garykay dot com. That's garykay dot com.
Popular Podcasts
New Heights with Jason & Travis Kelce
Football’s funniest family duo — Jason Kelce of the Philadelphia Eagles and Travis Kelce of the Kansas City Chiefs — team up to provide next-level access to life in the league as it unfolds. The two brothers and Super Bowl champions drop weekly insights about the weekly slate of games and share their INSIDE perspectives on trending NFL news and sports headlines. They also endlessly rag on each other as brothers do, chat the latest in pop culture and welcome some very popular and well-known friends to chat with them. Check out new episodes every Wednesday. Follow New Heights on the Wondery App, YouTube or wherever you get your podcasts. You can listen to new episodes early and ad-free, and get exclusive content on Wondery+. Join Wondery+ in the Wondery App, Apple Podcasts or Spotify. And join our new membership for a unique fan experience by going to the New Heights YouTube channel now!
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!