Rates Rise, Stocks Sell Off, Time to Buy?

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Good morning everybody. It's Sunday morning, eight o'clock right here, seven ninety

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K and st. This is Dean
Greenberg, and this is the Money Matter

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Show. For the next two hours, we will talk to you about what's

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happening in the world, in the
nation, and in the markets. We're

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going to talk about how to invest
in what's going on from the point of

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view that we always do, which
is our money management, financial advising planning

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techniques. So this week in the
markets, it seemed like we're going to

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be down much more after Thursday,
but Friday we bounced back, but the

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S ANDP was still down one percent, the Nasdaq was down just under one

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percent, the Rustle two thousand was
down almost three percent, and the equal

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weighted S and P five hundred was
down one point eight percent. For the

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year to date, we are up
three point two percent on the Dow,

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nine percent on the SMP, eight
percent on Nasdaq, one percent on the

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Russell, and five percent on the
equal weighted S and P five hundred.

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So we had a little bit of
a move down on Thursday when uh,

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you know, the Minneapolis Fed chief
came out and said that we're probably not

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gonna have interest rates being cut this
year. You know, it's gone from

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six to four to three to two
to one, to being in the first

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quarter, the second quarter, the
third quarter, the fourth quarter, to

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maybe not doing it at all.
I welcome you to go back and listen

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to our shows. When we kept
saying I don't see how or why they're

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going to lower interest rates this year. A couple of reasons made us come

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to that conclusion. And we still
might be wrong. They still might do

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it. They might still try to
do it to enhance and help the Democrats

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in this election by making sure that
we have a strong economy going into the

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election and then keep the markets going, because I don't know if there's any

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other reason they would really increase rates. Inflation, yes, it's come down

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a little bit, but it's still
sticky. It's still high. And they

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talk about the inflation rate of four
percent. I'm talking about the inflation rate

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of what it costs us to really
live. Our prices over the last couple

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of years have gone up seventeen percent. I don't feel prices coming down.

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I don't see groceries prices coming down. I see gas prices going back up

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again. Eight prices, food prices
you go out to a restaurant, those

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prices going up. I almost am
at the point now I think that anyone

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in and everybody says, hey,
this is ridiculous. We got to make

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some more money. Let's just charge
more. Everyone else are charging more.

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And that's what happens when we end
up increasing wages. California comes up with

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the brilliant idea, we new some
Oh, let's raise the minimum wage again,

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the sixteen or twenty dollars a hour. Do you realize the more they

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raise minimum wage, the more people
cannot afford to live there, because as

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they move that minimum wage up,
everything else goes up. You can't go

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out to dinner if you're not making
a lot of money. You can't have

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rented a decent place. You can't
buy a house. Young people, It's

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like, how do you live there? Living in one bedroom apartments? To

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just get buy But he's got to
pay much larger salaries, which means they

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can't hire as many people. And
then they keep raising taxes to pay for

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Centuary city people, the people on
the streets. They come up with ideas

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of giving people money every time they
turn around. How are you going to

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live in just because you get more
wages. How are you going to live

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in California and pay for everything?
You're just not And the more we keep

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this seeing this, this is the
type of mind frame that's going to happen

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if we let the Democrats control the
House, the Senate, and the Presidency.

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It can not happen. This show
is brought to you by Greenberg Financial

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Group. Greenberg for the nancial group
is both the registery and investment advisory and

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it broke dealer registered with the SEC. Members of FENEROM members are cipick.

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As you know, on this show, we talk about a lot of things.

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We have a lot of opinions,
a lot of strategies. Everything has

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risk. Please understand the risk prior
to investing. We will not let you

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invest with us unless we know what
your risk tolerance is. How do we

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get that? We talk to you. You fill out a little AI type

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of questionnaire. Why is it AI? Because how you answer one question affects

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the next question, affects the next
question, and it gives us a number

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that allows us to understand where you're
at. Then we sit with you and

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we talk to you. This is
what this means. This is what that

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means. It's an overall portfolio.
It's not about one investment or two investments.

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It's how the whole overall portfolio will
react when interest gate goes up or

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down, when stock bonking goes up
or down. The type of stocks you're

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in, the volatile stocks versus the
other stocks. Everybody wants to make a

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lot of money, but it takes
risk to do that. To be in

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the stocks that go up one hundred
to two hundred points, that means you've

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got to be able to handle that, like twenty twenty two when they came

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down a couple hundred points. Risk
tolerance sets up your plan and you move

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forward. The biggest thing we have
to realize is that you're going to have

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to be prepared on who gets in
as president and who runs the House in

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the Senate. If it's a sweet
one way to the other, you're going

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to have opposing, opposing agendas.
The biggest one is going to be on

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taxes. We talk about it almost
every week that in two thousand and twenty

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five, the Trump tax policy will
sunset, which means taxes will automatically go

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higher in each bracket. The estate
tax will come down, the small business

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tax will go away. I mean
credit and taxes will rise across the board.

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Biden and his group want that you
hear that all the time. They

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don't believe that people are paying their
fair share, and they won't say that

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they're going to tax people less,
but just automatically will tax people under four

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hundred thousand. This automatically will tax
people that are making a W two wage.

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They will all be taxed more.
They claim there going after these other

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people and they're gonna go get them
and do this and do that. The

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billionaires come up with a real plan
that you can actually change the rules to

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be able to do it. The
rhetoric that comes out of their mouth just

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gives rhetoric to the left to be
able to spout off. When they have

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conversations of why billionaires don't pay money, they lit evely know what a billionaire

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is. Most people have never even
met a billionaire in person. Let's face

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it, they have no idea how
they do their work, what kind of

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operations they have, how they do
their investments. They invest. You think

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they want to go to jail.
They have so many lawyers and accountants companies

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working on their stuff to invest it
and not pay taxes. Let's face it.

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Real estate is the number one best
way to keep growing your wealth and

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not pay taxes. The people they
keep talking about, which are the owners

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of Amazon, you know, Amazon
with Bezos, and Musk with Tesla,

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and Gates with with Microsoft, and
it goes on and on. They all

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own their own stock. They don't
sell their stock and pay gains. And

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now they do. It's long term
gains that they pay. When Musk would

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sell some of his Tesla stock,
they were long term gains. That's legal.

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We all have the same thing.
Why should he pay more. They

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borrow against their stock. That way
there they're living. They have their cash

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flow they need, but they never
have to go ahead and sell their stock.

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And when they do periodically sell it, it's off set by other things

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they do. And they know exactly
how much they can sell. They know

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exactly how much taxes are going to
pay, and if there's anything left over,

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they give it away to charity.
They don't pay taxes, and people

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like the fact that they're willing to
give away money. It's a win one

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for everybody, except the public believes
they should be tax moll Well, if

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they are, then change the tax
code. And people don't understand that they

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think these guys that make all this
money of ten million, twenty million,

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that they're all getting the money in
W twos. They don't. The only

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people that get hurt when they do
this is W two wages, meaning people

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that have worked hard, gotten to
the point they're earning a lot of money,

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and they get W two's and they
get and they get nailed on taxes.

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Change it. But all I see
for this administration is wanting to tax

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people that have worked hard and made
the money and cancel loans to other people

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for votes and give them money away
to every other country around the world while

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our own country suffers and not having
enough to pay our poor people to have

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the highest health care, to not
help the inner city people. That's a

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problem. So this week I'm hearing
the White House is coming up with an

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elaborate way now to continue to do
their loan cancelations on school loans. I

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can't tell you how upsetting that is
to me, that they keep working away

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to give away more free stuff when
they're telling us everyone needs to pay their

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fair share. I'm okay, if
you'd go and say, hey, listen,

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we're going to give you an incentive
to keep paying this you pay the

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principle, we'll eliminate the interest down
to one percent of zero as long as

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you make your payments. That would
help tremendously for most people. Get rid

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of the interest, just pay principle, don't forgive the entire loan for votes.

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And it's a big, big thing
to coming up with again, just

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like they did before the twenty twenty, they want a young vote. It's

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so political, and it's so unconstitutional, and it's so unethical and it sets

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a bad precedent. You cannot go
ahead and start teaching our young people that

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even though you had a responsibility to
pay these loans back, we feel that

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the way the inflation is the economy
is it's too expensive for you, and

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it's not your fault that you signed
on the dotted line. So what does

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that do for everyone else that's paid
their loans back or paid part of it

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back, that's stuck to the contract
because they wanted to keep their good standing

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in with credit, And then what
does that do to everybody else now that

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has taken out loans to go to
school? Are they thinking that if they

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keep biting in that down the road, they won't have to pay for those

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loans. Either make the loans the
government loans, make them tax free,

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no interest. You need five grand, we give you five grand. You

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pay that off like you're supposed to. When you get out when you're supposed

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to, when you have work at
the rate you're supposed to, we will

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not charge you interest. That's fantastic. Interest does hurt. Penalties do hurt.

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Get rid of those, but don't
get rid of the principle. Why

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do we teach you. Why would
someone going to school today ever think that

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when they graduate three, four,
five, six years from now, that

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they're not going to have to that
they're gonna have to pay back their loan.

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Why is that fair? If you
eliminating all these people's loans, now,

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why is it fair for down the
road? And you know, they

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were so fast to give out money
to everybody during the pandemic and businesses and

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erc money and everything else. Now
they're hurting the good people because they allowed

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so much fraud between the pandemic and
the tax credit for salary people. So

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now that they have to halt it, go back and those that will have

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done everything legally, they want to
start taxing them, which was never what

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they said in the beginning. Everything
they're doing is not to help the person

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that's working hard, that got through
the pandemic. So you got this extra

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money, you got through the pandemic. And oh, by the way,

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now you owe taxes for those years
twenty twenty one, twenty two, and

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twenty three. So now you've got
to pay someone to go back and redo

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your tax returns. And now you've
got to go back and pay the deductions

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that you're no longer getting because now
you've got this other money. So they

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didn't really give you the free money. They gave you a loan that now

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they're asking for you to pay taxes
on. How does that help businesses?

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How do you trust this government?
You can't. You don't. And if

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you don't, think they're going to
screw us with taxes if Biden gets back

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in, you're living in a world
that does not exist. America is again

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sending money to Ukraine without doing something
on our border. But all of a

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sudden, we're here next week,
they're gonna figure out a way to do

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it, and they're gonna cave and
they're gonna send money to Ukraine. Under

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the decision of making then we have
to help Ukraine because they can't lose to

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Russia. Well, then I scratched
my hand and say, Okay, if

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that's the case, why are we
continually behind the scenes helping Russia? Also,

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why are we ever involved in any
Russian oil? Why? Or with

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all these restrictions we have on Russia, how could they still not begging for

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a cease fire? And why are
we not asking for a cease fire in

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Ukraine but we're asking Israel for a
cease fire? And why are we telling

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Israel that we don't like the way
they're fighting a war after they got massacreed

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on October seventh? And if we're
gonna have a seas fire, why are

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we not saying we'll have a sease
fire you release every single one of your

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prisoners. I'll do that. You
release every one of our prisoners, and

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we'll have a cease fire and we'll
sit at the table and try to figure

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this out. But until you release
our hostages and they better be alive,

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I'm not ceased filing. And that's
what Israel is saying. But the world

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starts to turn against Israel because they're
taking care of business. But it was

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okay for the Americans after we were
attacked and I was all for it in

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two thousand and one to go into
the Middle East and basically stoy Iraq and

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blame Saddan Husseim. Okay, that
was okay, and I'm okay with that,

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and I'm okay with Israel defending themselves. Nobody wants to kill civilians.

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The civilians need to get away from
there, but Hamas is not allowing them

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to get away from there, so
unfortunately they're in the middle of what's happening.

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But every time we go in,
every time we go in into hospitals,

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there's schools, or wherever, churches, there are cachets of weapons that

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were used against the Israelis. Israelis, don't ever forget Israeli's got attacked.

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Just like we said, don't ever
forget we got attacked Pearl Harbor, we

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got attacked two thousand and one,
we got attacked. Israeli's got attacked and

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thousands of people were killed. Release
the hostages and you'll get a cease fire.

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Why is that rhetoric not there?
Why is it why we allowed Iran

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to still get money on any different
way level we're doing it. I don't

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care if it's money that they were
Oh we're releasing it. I don't care

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for well, yeah, I don't
care. Why are we allowing them to

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be an economic power that's able to
get started again on nuclear weapons. We're

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in the United States of America.
If we want to stop things, we

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can stop them. Why aren't the
leaders sitting down saying, hey, enough

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of these wars, let's figure this
out. Because the governments stay in power

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with the wars, that's what happens. We are having. Our boarder is

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absolutely infiltrated. We are paying for
people. The reason that our unemployment numbers

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are solf down is because people are
getting jobs. But how many of them?

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How many of them? I just
put it this way, how many

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of them are US citizens getting these
jobs? How many of these people,

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these immigrants coming across the board that
are not legal are getting jobs? And

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are we being infiltrated like Israel did? Israelis were? It's the same playbook,

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same playbook. Do you realize there
was a study that was just put

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out that the average American to retire
a family should be a husband wife needs

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one point four six million dollars to
retire one point four to six million dollars

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to retire, So that means if
you do not have a pension, then

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you need about a million and a
half dollars to earn enough government interests and

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call it four percent, which would
be sixty grand place of social securities and

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all to be able to retire comfortably. Most people today are telling you they

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can't save, they can't put money
away. Forty three percent of Americans forty

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three percent between the ages of sixty
and sixty five are not saving anything for

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retirement. Forty three percent, that's
almost half of the people that are turning

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into the fourth quarter of their lives
don't have retimement savings. One out of

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every five Americans need to work full
time, need to work full time sixty

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five plus because they do not have
that money saved between sixty sixty five.

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So they got to keep working to
be able to survive and push the social

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security out or get the social security
part of it probably in that case of

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pushing it out to fully timement age. At least those are horrific, scary

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numbers. The average four to one
k planned has like sixty thousand dollars in

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it. That's so far away from
one point four to six million. But

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yet if you're working hard and doing
the right things, paying off your loans,

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paying off your debts, saving money
so when you we can tire,

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retire, the government wants it from
you. They want to tax you more.

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You wait to see what they start
doing to everyone that's been successful.

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We are going down the road of
socialism, and the young people are gonna

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pay the price. They just don't
know it yet because they're not being taught

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anything. We need to at least
go ahead and put financial literacy right back

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into the schools at an early age
so they understand good debt and bad debt,

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so they understand the power of saving, so they understand the allocations of

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saving and being able to do it
tax savings. They need to understand that

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stuff pose them so they're not exposed
later on in life to a financial ruins,

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living in their fourth quarter with no
money and asking the government to help

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them survive. That's not the America
I want to be in. We'll be

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back. This is the Moneymatter Show. Appreciate you listening. Welcome back,

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everybody. This is the Money Matter
Show. This is Dean Greenberg, Dave

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Sherwood, and Todd Glick. That's
it. That's it. We got three

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of us today we got three.
Yeah. This week rates came back into

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the picture. Yes, put some
pressure on stocks. Looked like the big

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one was a FED member I don't
know which one, but on Thursday kind

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of saying that the inflation is now
coming down as they wanted it. So

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it was Minneapolis president of the Atlanta. They had the Minneapolis and also yeah,

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I mean when the Atlanta Fed said
we might get one rate cut in

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the fourth quarter. Yeah, and
of course that we started the year with

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sixth rate cuts and then it went
to four. And the entire time,

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we've been saying, don't be ridiculous, it's not going to happen. Well,

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the fourth quarter might work after the
election. See once we get into

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June July. I don't see them
how they can do it, because then

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it's influencing the election one way or
the other. It seems like it could

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certainly be it could certainly be construed
that way. Right. Well, they've

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said that for the forty years being
in this business. Well, what influence

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would the office have on the Federal
Reserve because they're kind of separate entities.

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I mean, like, does are
you that naive? Well, the Federal

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Reserve is a private business. They
want to keep their jobs. They want

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to know that. How do they
lose their job? Biden, what's the

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Processiden doesn't reappoint him? Yeah okay, but when doesn't reappoint when is ointment?

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Right? Does it matter? Is
what I'm trying to say, Yes,

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it does. They won't get we
You pointed, well, everyone's saying

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that this election is going to make
them lower rates. I don't think so.

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They are on their own economic data. They it's not going to be

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influenced. I think that's common thinking
that the election will cause the Federal Reserve

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to lower interest rates because they're in
bed with the current administration, and and

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you just point out that's not true. But then they have tried to avoid

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that over the years. But they're
independent. But they are human, okay,

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and they can come up with whatever
reasons they want for the raise rates

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and not raise rates. It's very
easy to say we're trying to raise rates

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to normalize them. Yeah, okay, and boom the markets go. Why

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else would Obviously there's a lot of
people on the inside that think there's pressure

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there enough pressure on them to lower
the rates. But if you if you've

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been in this business and you just
separate yourself to what's going on. You

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would say this way right, thinking
the raise rates, but also how much

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does a twenty five basis point rate
cut do Like, let's imagine they do

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it it was political, it would
because political it doesn't really make a digital

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so much. Well, and we
know that the Federal Reserve is the tail

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that wags the dog. Essentially,
the rates have already dropped one hundred basis

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points. Rates were five now the
four right, I mean they have already

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dropped to twenty percent without the Fed
making one single cut. So I mean

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there were the ten years now at
four point four. It was at four

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point two at the beginning of the
week, so that increased more than the

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two year did. So I believe
the inversion should have narrowed. Five month

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high on the interest rates, five
month high on oil. Yeah, oil

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keeps surgeon higher. And how about
gold. The gold is just out of

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control, I mean in terms of
there's just no I think a lot of

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the I was listening to some guys
on Friday and they were talking about,

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uh, you know, bitcoins,
the fool's gold. You want real gold

299
00:27:57.279 --> 00:28:02.279
by gold buying the goal buy gold
stocks, you know what I mean.

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So there might be a switch coming
from bitcoin, because that's kind of just

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like hesitated, you know, kind
of hit resistance and goal keeps going higher.

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So they could be a switch from
people making their money on bitcoin off

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to that big rally and now going
into gold. You're in your monologue,

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I was on the phone. I
didn't hear. Did you thank everyone for

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00:28:18.559 --> 00:28:22.119
the symposium? What a great what
a great turnout, what a great event.

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00:28:22.640 --> 00:28:26.920
No, I did not last It
was Tuesday. No, it's fantastic.

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Had a nice crowd. J T. Harris Harris, Right, James,

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00:28:32.240 --> 00:28:36.319
it's actually James T. You guys
keep James T. Harris did a

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great job. What a great speaker. You know his previous life he was

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a motivational speaker, and you can
tell he's a great speaker. Wandered amongst

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the crowd and there was a nice
crowd. There had over one hundred people

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and everybody did a great job.
And it was a fun event and we

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thank everyone for coming. And if
you missed it, there will be another

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one next year, right, Dean, Well, yeah, we're gonna try.

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00:29:00.240 --> 00:29:03.000
This is the second one we did, so we'll try to keep doing

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the annual outlook and when and keep
moving forward. I thought, James Harris,

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okay, I'll say James C.
Harris, Okay, you like that

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better. And I even told him
up front, I said, you know,

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I didn't know what to expect,
right, you know, Yeah,

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he was so much better than then
I thought he would be as being a

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speaker, and I thought it was
great, fantastic, And I told him

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that too. You know, I
think the the show with a lot,

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00:29:30.200 --> 00:29:33.920
with a lot of commercials and producers
and everyone else trying to get involved,

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00:29:33.319 --> 00:29:37.319
takes away from what he really can
do. Yeah, if you give him

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00:29:37.319 --> 00:29:40.160
a microphone in you know, twenty
thirty minutes, he can really go.

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00:29:40.319 --> 00:29:44.359
Yeah, kind of like Dean Greenberg. Well I know somebody like that.

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00:29:45.400 --> 00:29:48.200
We have different ways of doing stuff. But I give him credit. He's

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00:29:48.240 --> 00:29:49.880
a radio guy. That's that's how
he makes his living. Here's something I'll

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00:29:49.920 --> 00:29:55.640
make you tired. God, this
is one of only three months without a

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00:29:55.799 --> 00:30:02.559
three day weekend and we're just getting
started. I'm exhausted already. Go to

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California, you know they're going to
go to a four day week and making

332
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sure that they keep talking about go
to a four day week. But you

333
00:30:08.920 --> 00:30:12.160
get paid for forty hours whatever your
salary is for forty hours. They want

334
00:30:12.160 --> 00:30:17.480
you to be able to employers to
pay employees that on a thirty two hour

335
00:30:17.559 --> 00:30:21.480
week. And they're coming up with
some bow crap about how it's going to

336
00:30:21.519 --> 00:30:26.519
make them even more productive and make
the company more money by having them have

337
00:30:26.599 --> 00:30:32.079
to have less time working. Well, you know they have every other front.

338
00:30:32.160 --> 00:30:34.279
Yeah, you know why because they
work an extra hour each day,

339
00:30:34.480 --> 00:30:37.759
Right, it adds up to the
day off. Right. Well, I

340
00:30:37.799 --> 00:30:41.000
remember my mom is a nurse.
She would work three days in a row

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at thirty at twelve hours a day
at thirty six hours. There are some

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00:30:45.359 --> 00:30:52.480
studies that say certain of that helps
productivity, right, But you can't get

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00:30:52.559 --> 00:30:56.319
you can't go you can't go ahead
and say, Okay, I'm going to

344
00:30:56.359 --> 00:30:57.720
give you a hundred thousand dollars to
work for forty hours, but I'm going

345
00:30:57.799 --> 00:31:00.519
to give you a same honey grand
for thirty two And now I got to

346
00:31:00.559 --> 00:31:03.839
hire somebody else to be able to
work those days that that that that week,

347
00:31:04.160 --> 00:31:07.160
I agree. I was kind of
at the end of the week thinking,

348
00:31:07.200 --> 00:31:11.799
well, what was the big headline
this past week? And and it

349
00:31:11.839 --> 00:31:14.400
was it was really kind of hard
to come up with a big headline,

350
00:31:14.440 --> 00:31:18.200
you know, the number one headline. Probably the Taiwanese earthquake had the most

351
00:31:18.240 --> 00:31:26.119
potential to be a big story,
chip disruption, potentially inflationary. I don't

352
00:31:26.160 --> 00:31:30.720
know, you got a bigger story
to earthquake in New Jersey and New York.

353
00:31:32.079 --> 00:31:34.200
A little bit that. That's a
little unusual. It's a little unusual.

354
00:31:34.440 --> 00:31:37.279
You know, more than half of
the stocks in the S and P

355
00:31:37.400 --> 00:31:41.279
five hundred hit a new fifty two
week high in the first quarter. More

356
00:31:41.319 --> 00:31:45.240
than half of the stocks and the
S and P five hundred hit a new

357
00:31:45.279 --> 00:31:49.880
fifty two week high. How they
end the quarter though? Strong? Hi?

358
00:31:51.160 --> 00:31:52.599
Were they pulling off? There?
A little bit? They weren't pulling

359
00:31:52.599 --> 00:31:56.079
off? Look at the market,
the market, what the index were doing?

360
00:31:56.119 --> 00:32:00.799
But the index closed, right,
the index of stocks five and then

361
00:32:00.799 --> 00:32:04.440
then rallied up to the end.
Not a little profit taking. And I

362
00:32:04.480 --> 00:32:07.160
don't think we were disappointed to see
the pull back this week. It wasn't

363
00:32:07.200 --> 00:32:10.839
major. One percent in the S
and P five hundred. We've got an

364
00:32:10.839 --> 00:32:16.200
over valued market about ten to fifteen
percent. Oh. The concern is,

365
00:32:16.240 --> 00:32:22.200
though, why does you know the
equal weighted lost more this week than the

366
00:32:22.279 --> 00:32:27.000
S and P five hundred so you're
seeing that, you know, we should

367
00:32:27.079 --> 00:32:30.000
be seeing that the top companies that
have been just skyrocketing come down more than

368
00:32:30.039 --> 00:32:34.319
the broad market. Well they've come
down, but they but then the money,

369
00:32:34.599 --> 00:32:37.920
I mean, Meta went up on
the day on I think it was

370
00:32:37.920 --> 00:32:42.000
on Thursday when we got crushed.
Meta was up I think five or six

371
00:32:42.039 --> 00:32:45.079
points, and then they followed through
with another fourteen and the video came back

372
00:32:45.119 --> 00:32:49.480
and Google know them, new all
time high for Meta, new all time

373
00:32:49.559 --> 00:32:52.519
high for Google. So all time
high. And none of that makes sense

374
00:32:52.559 --> 00:32:55.799
because think about it, they do
well if interest rates are down, yes,

375
00:32:57.319 --> 00:32:59.799
okay, so cutting injurin, but
now we'll say we're not cutting injestraates

376
00:32:59.839 --> 00:33:04.160
but still keep going higher. Same
thing for your first solar play. Well,

377
00:33:04.279 --> 00:33:06.960
that one makes a little more sense. But then you saw this week's

378
00:33:06.960 --> 00:33:08.640
price action, and yeah, this
is a head scratch this. We could

379
00:33:08.720 --> 00:33:15.400
just kept a strong move upwards in
environment. That's the first Yeah. No,

380
00:33:15.720 --> 00:33:20.000
And like you said, Dean,
when you're taught financing school, you

381
00:33:20.000 --> 00:33:22.640
have a tech company that's relying on
growth. Higher rates is bad for these

382
00:33:22.640 --> 00:33:27.319
type of companies because it means growth
projections aren't going to be that These big

383
00:33:27.359 --> 00:33:32.000
companies don't need loans. They don't
need they have their own cash. They

384
00:33:32.079 --> 00:33:36.359
got hundreds of billions of dollars in
cake. But still you have to discount

385
00:33:36.359 --> 00:33:39.119
the price that you're paying for the
stock. And that's the whole calculation of

386
00:33:39.119 --> 00:33:43.519
what you're willing to pay. Not
growing but growing too and that. Yeah,

387
00:33:43.640 --> 00:33:47.880
and they keep increasing of AI somehow, some way is a I just

388
00:33:47.960 --> 00:33:52.400
keeps moving them higher. Yeah,
but that meta chart is kind of that.

389
00:33:52.440 --> 00:33:55.319
It's a head scratch. It doesn't
like, why is it so valuable

390
00:33:55.319 --> 00:34:02.839
now? Because they get rid of
TikTok, they're gonna go wheel right potentially.

391
00:34:04.119 --> 00:34:06.839
I really don't know too much better. I'm acting like I'm cool.

392
00:34:07.960 --> 00:34:12.199
You know. I didn't even know
Wheels was even attached to Meta until I

393
00:34:12.239 --> 00:34:15.239
heard it. What you know about
it? It pops up on Facebook all

394
00:34:15.320 --> 00:34:16.599
the time, exactly, And you
don't want to see it. I don't

395
00:34:16.599 --> 00:34:21.800
want to see a little ten second
clips or something. I annoying. Wheels

396
00:34:21.800 --> 00:34:23.320
are pretty good, some of them. It's annoying. I find it very

397
00:34:23.320 --> 00:34:28.840
annoying. Why have you ever listened? Oh? Absolutely annoying. I've tapped

398
00:34:28.880 --> 00:34:30.400
on them several times, but it's
too short. They're too short. They're

399
00:34:30.480 --> 00:34:39.039
just like literally literally snippets, well
sn snippets in time. Right, economy

400
00:34:39.079 --> 00:34:43.320
continues to be strong, stronger than
the Fed would like it. Friday,

401
00:34:43.360 --> 00:34:46.760
we heard three hundred and three thousand
new jobs in March, well above what

402
00:34:46.880 --> 00:34:52.119
was expected. I saw the interesting
point about this labor market though. I

403
00:34:52.239 --> 00:34:55.840
saw a graft between the new full
time employees that's been added and the part

404
00:34:55.880 --> 00:35:00.320
time employees that's been added in this
latest job support and actually full time employees

405
00:35:00.639 --> 00:35:06.480
decreased and there's a huge surgeon part
time employee. So you're seeing this structural

406
00:35:06.519 --> 00:35:08.880
shift of more full time employees to
part time employees. It doesn't show up

407
00:35:08.880 --> 00:35:14.079
in the unemployment numbers, right because
but we all know an employment field full

408
00:35:14.079 --> 00:35:15.960
at full time versus part time,
it's a completely different store, well,

409
00:35:16.000 --> 00:35:21.000
legal versus illegal. And that's another
point of the labor market is it says

410
00:35:21.079 --> 00:35:25.039
that you know, but we know
that there's a lot of undocumented yeah,

411
00:35:25.199 --> 00:35:29.079
whatever you want to call them,
numbers in there. A little bit of

412
00:35:29.079 --> 00:35:31.599
a wage pressure eased a little bit, and March the market like the report,

413
00:35:31.639 --> 00:35:35.599
even though the number of new jobs
was so much stronger than expected.

414
00:35:36.320 --> 00:35:39.599
All Right, we'll get more Money
Managed just after this short break. And

415
00:35:39.760 --> 00:35:43.039
all I can tell you is we
do appreciate your listening, and we do

416
00:35:43.079 --> 00:35:45.159
appreciate you coming in and seeing us, and we love giving you that free

417
00:35:45.159 --> 00:35:49.239
financial plan. So remember, just
give us a call, set up an

418
00:35:49.239 --> 00:35:52.679
appointment, and you'll get that free
financial plan from us and you will be

419
00:35:52.960 --> 00:35:59.519
happy. Welcome back, everybody to
the Money Matter Show with Dave and Todd

420
00:35:59.559 --> 00:36:02.800
and Dean. We'll glad you listen. If you for some reason you miss

421
00:36:02.800 --> 00:36:05.880
a show or you want a show, you want to go back and listen.

422
00:36:06.719 --> 00:36:09.400
Every one of our shows are on
our website. Just go to a

423
00:36:09.480 --> 00:36:15.000
podcast Dean Greenberg Money Matters with Dean
Greenberg. If you can't get it on

424
00:36:15.039 --> 00:36:17.119
a website, you can get it
on all the other platforms. Yeah,

425
00:36:17.239 --> 00:36:20.960
which one you want, you know? With the TV show, we have

426
00:36:21.280 --> 00:36:25.320
six new TV shows that are started
last week and we'll continue through the next

427
00:36:25.320 --> 00:36:30.039
five weeks and we'll keep putting new
shows out as well. But they're completely

428
00:36:30.039 --> 00:36:35.159
brand new, So goal make sure
you look at KVOA channel four for some

429
00:36:35.239 --> 00:36:42.239
people, but Kvoway nine thirty and
ten pm thirty am on kvoway the Morning

430
00:36:42.320 --> 00:36:47.760
Ones kind of we're not on every
single weekend now because NBC has the Premier

431
00:36:47.840 --> 00:36:52.119
League. Sometimes we get they got
they got some other stuff going on,

432
00:36:52.159 --> 00:36:54.039
but we're always on at ten thirty. But it doesn't matter. Like you

433
00:36:54.039 --> 00:36:57.480
say, you can go to a
website now, yeah, on our YouTube.

434
00:36:57.519 --> 00:37:00.119
All of our TV shows are up
there as well some other weekly market

435
00:37:00.159 --> 00:37:02.599
up spoiler alert? Do you have
to go to the website? Do you

436
00:37:02.719 --> 00:37:07.639
a spoiler alert? You have to
click on YouTube first. Do we have

437
00:37:07.639 --> 00:37:09.679
a YouTube channel? Is that?
Yes? We have a YouTube channel.

438
00:37:10.159 --> 00:37:15.679
Yeah, Greenberg Financial YouTube channel.
It's pretty easy to go to YouTube.

439
00:37:15.719 --> 00:37:21.280
Type in Greenberg Financial. That's good. Within headlines this week is we've talked

440
00:37:21.320 --> 00:37:27.679
a lot about electric vehicle pricing and
uh, they've been steadily dropping as demand

441
00:37:27.880 --> 00:37:31.440
wanes a bit and competition heats up. My Tesla model Y Todd at the

442
00:37:31.440 --> 00:37:35.679
peak in June of twenty two,
not when I bought it, but at

443
00:37:35.760 --> 00:37:40.559
the peak of prices was sixty nine. It's a good number. Last week

444
00:37:40.599 --> 00:37:46.320
it was forty eight thousand, nine
ninety, a thirty percent decline in less

445
00:37:46.320 --> 00:37:50.320
than two years. And this is
happening across the board, which makes it

446
00:37:50.480 --> 00:37:54.519
hard to make a case for Tesla
stock. With that said, the Model

447
00:37:54.639 --> 00:37:59.239
Y, which is what I have. It's the most popular electric vehicle in

448
00:37:59.280 --> 00:38:02.599
the world. And Tesla did increase
the price by one thousand bucks last week.

449
00:38:02.599 --> 00:38:07.599
We'll see if that holds wells Fargo
took the stock to a sell last

450
00:38:07.639 --> 00:38:13.079
Monday. I love the car,
but I do not understand the stock valuation.

451
00:38:13.199 --> 00:38:16.960
Tuesday, Tesla came out reported deliveries
in the first quarter three hundred and

452
00:38:17.000 --> 00:38:22.880
eighty six thousand cars. Never mind
that that's more cars than all of the

453
00:38:22.920 --> 00:38:27.960
other electric vehicle companies put together,
delivered maybe five times as many cars.

454
00:38:28.000 --> 00:38:32.760
Disappointing, Dave Pardon, it's disappointing. It's roughly fifty thousand dollars or fifty

455
00:38:32.800 --> 00:38:37.960
thousand, fifty thousand units below was
a worst case scenario. Stock drops six

456
00:38:38.000 --> 00:38:43.800
percent, and I heard somebody say, are they moving maybe from a tech

457
00:38:43.840 --> 00:38:49.239
stock to an auto stock. Huge
difference in valuation between a tech stock and

458
00:38:49.280 --> 00:38:52.760
an auto stock. I would argue
that they're probably a hybrid, but valuation

459
00:38:52.960 --> 00:38:57.719
is hard to come up with.
This past week, you know, I

460
00:38:57.800 --> 00:39:02.360
drive the Model Why this past week
Tesla turned on self driving. That's up

461
00:39:02.480 --> 00:39:07.719
right, auto driving? Yeah,
what's the game? Driverless driver? Less

462
00:39:07.800 --> 00:39:10.760
driving and whatever it is, turn
that on for all. Tesla's all you

463
00:39:10.840 --> 00:39:14.920
have to just click on a button
and your car will take over. And

464
00:39:15.280 --> 00:39:17.960
uh, that's not going to include
me. I'm not going to click that

465
00:39:19.079 --> 00:39:21.559
button and I'm not going to try
it. I'm not even for free,

466
00:39:22.360 --> 00:39:30.119
my boy. Here's the problem.
The problem is that the driverless technology follows

467
00:39:30.440 --> 00:39:35.559
all of the traffic rules oh to
sea, and I have no interest in

468
00:39:36.519 --> 00:39:38.639
following all of the traffic rules.
Now. I think it's one of those

469
00:39:38.719 --> 00:39:42.159
things like you want to do it
as like a roller coaster, and then

470
00:39:42.159 --> 00:39:44.239
once you do it, you're like, Okay, I got it, I

471
00:39:44.320 --> 00:39:46.760
get it. Yeah. I mean
the speed limit on Fifth Street is thirty

472
00:39:46.840 --> 00:39:52.440
miles an hour. Right on Fort
Low Old Fort Low and a Gland it's

473
00:39:52.519 --> 00:39:59.000
twenty five miles an hour. Craycroft
north of River it's it's forty five miles

474
00:39:59.000 --> 00:40:01.159
an hour. If you're not going
ten miles over all of those speeds,

475
00:40:01.159 --> 00:40:07.719
you're gonna get revinded. So I'm
not interested in putting along at at the

476
00:40:07.760 --> 00:40:12.760
speed lemits, so I won't be
I probably won't be using that a lot.

477
00:40:13.159 --> 00:40:16.119
Now, talking of electric vehicles,
let's talk a little bit about Ford.

478
00:40:17.119 --> 00:40:21.360
Ford issued the first quarter. They
said sales in the first quarter were

479
00:40:21.480 --> 00:40:27.679
seven percent higher than last year.
But here's the interesting part. They're electric

480
00:40:27.880 --> 00:40:34.039
vehicle sales jumped eighty six percent,
almost doubled over last year. And I'll

481
00:40:34.039 --> 00:40:36.519
tell you why, because last year
you couldn't get one, noah, So

482
00:40:36.559 --> 00:40:38.360
I don't know if that means they
went from ten vehicles to eighteen, right,

483
00:40:39.039 --> 00:40:43.480
you know, it's all relative,
right, So an eighty percent jump

484
00:40:43.559 --> 00:40:46.840
for Ford is not you know,
millions of vehicles, hundreds of thousands of

485
00:40:46.920 --> 00:40:52.280
more vehicles. But I think they've
got one of the cooler cars out there,

486
00:40:52.360 --> 00:40:54.079
but you haven't been able to get
them. They just have not done

487
00:40:54.119 --> 00:40:59.440
a very good job producing them.
And that they're losing money hand over fists

488
00:40:59.800 --> 00:41:04.880
in their electric vehicle area isn't a
surprise because they've just done a poor job

489
00:41:04.920 --> 00:41:08.599
there. But apparently they're getting that
figured out. And the sales of EV

490
00:41:08.840 --> 00:41:15.840
that Ford, who has been publicly
pretty vocal about cutting back on their EV

491
00:41:15.000 --> 00:41:20.079
sales, but they doubled, you
know, so so much, so much

492
00:41:20.119 --> 00:41:23.159
for waning demand anyway, Shocks was
up seventeen percent in the last ninety days,

493
00:41:23.639 --> 00:41:28.440
added another three percent on the news
but it did end the week flat.

494
00:41:29.039 --> 00:41:31.920
Morgan Stanley raised the price target stocks
around thirteen dollars. Morgan Stanley raised

495
00:41:31.920 --> 00:41:39.000
the price target to sixteen seventeen dollars. So, yeah, it's interesting.

496
00:41:39.079 --> 00:41:43.519
A lot going on in the in
the electric vehicle space. Well, let's

497
00:41:43.519 --> 00:41:45.400
talk about a little more on Tesla
though, because they had an interesting week,

498
00:41:45.480 --> 00:41:49.800
like you said, but the Friday
price action was a weird one.

499
00:41:50.639 --> 00:41:52.559
Started the day up about one and
a half percent, then had a huge

500
00:41:52.599 --> 00:41:57.920
sell off, actually broke a major
support level, and what I have it

501
00:41:58.000 --> 00:42:01.159
at is one sixty five. It's
like the major fibona g. Once you

502
00:42:01.360 --> 00:42:05.440
get below that, there's really nothing
stopping it from going down to like one

503
00:42:05.519 --> 00:42:14.039
hundred. It broke it, but
then after hours surged higher. I believe

504
00:42:14.320 --> 00:42:17.360
after hours it's up, yeah,
about four percent on Friday because of a

505
00:42:17.440 --> 00:42:22.199
robotaxi news and it's really talking about
a shift a Tesla's making. They were

506
00:42:22.360 --> 00:42:28.039
really pushing hard on this, this
vehicle for the regular people, right,

507
00:42:28.119 --> 00:42:31.000
the twenty five thousand dollars vehicle range
right right, And so that's always what

508
00:42:31.079 --> 00:42:34.960
we've been talking about with the EV
space. You don't have a new Tesla

509
00:42:35.079 --> 00:42:37.559
for twenty five thousand dollars. There's
gonna be a lot of new ts.

510
00:42:37.559 --> 00:42:39.440
I'm buying Tesla stock if that's if
you can buy a testa for twenty five

511
00:42:39.480 --> 00:42:44.519
thousand point And they come out and
say, no, we just can't do

512
00:42:44.599 --> 00:42:46.880
it. Whether it's impossible, who
knows, right, they said, they're

513
00:42:46.920 --> 00:42:52.880
just scratching it. Switching over to
a robo taxi. Explain robo taxi because

514
00:42:52.920 --> 00:42:55.079
you and I were very confused by
this. Yes, it's something we're still

515
00:42:55.079 --> 00:42:59.159
a little confused by. It looks
like a coop, like a through door

516
00:42:59.239 --> 00:43:04.480
coop version of the of the model. Why but they call it robo taxi,

517
00:43:05.159 --> 00:43:08.280
right, it's not a model.
It's not like the normal they use.

518
00:43:08.360 --> 00:43:10.639
And I think you had a good
thought when you said, why did

519
00:43:10.760 --> 00:43:15.400
why did Elon choose the word taxi? Yeah, and you're thinking, is

520
00:43:15.480 --> 00:43:19.960
potentially that it comes with the driver
list feature free of charge, so that

521
00:43:20.199 --> 00:43:22.039
idea? Yeah, I guess you
can make an idea that it is a

522
00:43:22.119 --> 00:43:27.480
taxi. But yeah, it's an
interesting name. We'll learn more and talk

523
00:43:27.559 --> 00:43:30.239
more about it next week. But
is that the catalyst? You know,

524
00:43:30.320 --> 00:43:35.559
sometimes you just send a random product
to the to the you know, display

525
00:43:35.679 --> 00:43:37.920
line and it leads to the stock
popping off, even though it doesn't really

526
00:43:38.039 --> 00:43:42.639
hit the market. I hear that
kind of serious about this because there was

527
00:43:42.679 --> 00:43:45.760
a picture and it's a picture of
the of a two door coop with the

528
00:43:46.039 --> 00:43:51.239
some luggage space, very small,
some luggage space, and it's going to

529
00:43:51.280 --> 00:43:55.559
be available as early as August eighth, and it has lines similar to the

530
00:43:55.639 --> 00:44:00.320
cyber truck, very futuristic looking.
Yeah, it did look like more of

531
00:44:00.360 --> 00:44:04.519
the cyber truck, but a coup
version. Yeah, it was a weird

532
00:44:04.559 --> 00:44:09.760
one, but it literally the action
in the aftermarket on Friday was interesting and

533
00:44:10.079 --> 00:44:17.159
we could see no news except for
this robo taxi, which you know,

534
00:44:17.239 --> 00:44:22.639
if, like you said, if
Tesla can can produce an affordable yeah,

535
00:44:22.760 --> 00:44:24.920
they have to say above that.
For that, he has to stay above

536
00:44:24.960 --> 00:44:30.159
that one sixty five. It'd be
a good place to start a position,

537
00:44:30.280 --> 00:44:34.800
I think at one sixty five,
but if it drops that below, I

538
00:44:34.880 --> 00:44:36.840
mean it can go down to one
hundred eas I think you have to be

539
00:44:36.880 --> 00:44:39.559
careful because the fundamentals are just not
there correct right now. I mean they

540
00:44:39.639 --> 00:44:45.320
have a decreasing margins, decreasing demand, right Prices aren't going down there,

541
00:44:45.400 --> 00:44:51.559
the cost of their materials isn't going
down so shrinking margins, so it'll be

542
00:44:51.599 --> 00:44:55.639
interesting. But if you accept the
fact that electric vehicles are for the most

543
00:44:57.000 --> 00:45:04.239
for most people you're around town car, then maybe the robo taxi would be

544
00:45:04.280 --> 00:45:08.239
the way to go. And we
see Tesla stock when it can start trading

545
00:45:08.360 --> 00:45:14.519
higher for no reason. It doesn't
necessarily need one right Elon can send out

546
00:45:14.519 --> 00:45:16.679
a tweet and it will be up
temper. I still think it's the it's

547
00:45:16.760 --> 00:45:21.119
the culture fad that it used to
be. Now people kind of look at

548
00:45:21.119 --> 00:45:22.880
it because there's other stuff they or
is it still the Elon fad then?

549
00:45:23.599 --> 00:45:27.599
But there's other stuff they could look
into, Like that was the stock that

550
00:45:27.679 --> 00:45:30.639
you had to buy because it's going
crazy. Well now you've got a video,

551
00:45:30.119 --> 00:45:34.880
yeah, you know, and and
and some other those the super Michael

552
00:45:34.920 --> 00:45:38.159
chips and the the things like that
that people can get in and watch it

553
00:45:38.239 --> 00:45:42.840
go up hundreds of points. But
we talk about how people like buy you

554
00:45:42.920 --> 00:45:46.039
know, true social because it's Donald
Trump, people buy test, you know,

555
00:45:46.159 --> 00:45:52.239
people buy names sometimes necessarily business.
But do I think that Tesla can

556
00:45:52.280 --> 00:45:54.599
be the one that actually has the
robo taxi? H I do? I

557
00:45:54.679 --> 00:46:00.000
mean I think they got the creativity
and the intelligence and they and the technology

558
00:46:00.079 --> 00:46:02.440
behind it that can actually work.
I mean, there's a lot of stuff,

559
00:46:02.480 --> 00:46:06.199
but it's not a taxi. Well
you were stepped away from it.

560
00:46:06.280 --> 00:46:08.719
It's not a taxi. That's what
he's calling it because we think, because

561
00:46:08.760 --> 00:46:13.360
it's going to have the self driving
features, it'll tax to you around town.

562
00:46:13.519 --> 00:46:15.679
But it's gonna be your car and
you're gonna be sitting in it,

563
00:46:15.000 --> 00:46:19.199
and it's not gonna be taking passengers
because it's only a two seater, right,

564
00:46:19.599 --> 00:46:22.159
Oh, it's only two seats.
That's a coup It's going to be

565
00:46:22.280 --> 00:46:25.280
very small. Another problem with that
being very small is you're gonna have a

566
00:46:25.360 --> 00:46:30.920
much smaller battery, right right,
So it's not a ranger, isn't going

567
00:46:30.000 --> 00:46:32.840
to be it's not a range car, be a city car. It's a

568
00:46:32.920 --> 00:46:37.000
city car and if you can get
you know, that's the biggest problem we

569
00:46:37.119 --> 00:46:38.679
see them with all this stuff.
Okay, and that's why Ford's going to

570
00:46:38.760 --> 00:46:45.559
hybreds right now. You know,
the electric banker got saturated and they obviously

571
00:46:45.679 --> 00:46:49.760
got ahead of being able to handle
the fact of how we're going to go

572
00:46:49.800 --> 00:46:53.400
ahead and five up all these cars
the infrastructure. So now we've got to

573
00:46:53.440 --> 00:46:57.239
take a step back. People go
to hybrids and get the infrastructure in and

574
00:46:57.320 --> 00:47:00.000
then they can go from there.
But again, I don't fool yourselves.

575
00:47:00.039 --> 00:47:04.639
The only way we can get that
much electricity is how fossil fuel. Yeah,

576
00:47:04.719 --> 00:47:07.679
that's pretty much how you generated.
I mean, in the perfect world,

577
00:47:07.760 --> 00:47:12.480
you'd have nuclear power plants running those
charges. But that's not what's happening.

578
00:47:12.599 --> 00:47:15.039
That's not that's not real world stuff. None, None of this stuff

579
00:47:15.119 --> 00:47:21.639
is. And and I'll I'll tell
you corporations will outbid whatever ideas that Biden

580
00:47:21.760 --> 00:47:24.199
and his administration has because they just
won't go ahead and give them the money

581
00:47:24.239 --> 00:47:27.880
that they want. We'll be back. It's the Money Matter Show. We

582
00:47:28.039 --> 00:47:34.239
appreciate your listening and always always asking
us to give you some more information.

583
00:47:34.719 --> 00:47:38.840
We'll be right back. Welcome back, everybody, Second hour, the moneymat

584
00:47:38.920 --> 00:47:44.280
of Show. We got Dave,
we got Toded, we got Sebastian joining

585
00:47:44.360 --> 00:47:46.480
us for the second hour, and
of course this is Dean Yep. Well,

586
00:47:46.960 --> 00:47:50.280
round out what we had on the
markets this week. On the week

587
00:47:50.320 --> 00:47:52.840
that doll was down two point three
percent, the S and P was down

588
00:47:52.920 --> 00:47:55.800
one the Nasdaq was down point eight
percent, Russell two thousand. The small

589
00:47:55.880 --> 00:48:00.920
caps was down two point eight percent
and the equal way to it was down

590
00:48:00.000 --> 00:48:04.280
one point eight percent. Shown that
really the broad market lost more than those

591
00:48:04.400 --> 00:48:08.880
magnificent seven, but the equal weight
it has kind of we seen this strength

592
00:48:09.039 --> 00:48:14.239
like broadening of the rally right over
the last two months, and then it's

593
00:48:14.239 --> 00:48:16.239
shrunk this week. Yeah. Yeah. The S and P five hundred is

594
00:48:16.400 --> 00:48:21.800
the most washt index. Most money
managers have that as one of their their

595
00:48:21.880 --> 00:48:27.480
benchmarks, and so it's funny this
week how it hung on to fifty two

596
00:48:27.639 --> 00:48:30.960
hundred, fifty two hundred level on
the S and P five hundred. It

597
00:48:30.039 --> 00:48:35.559
broke below it pretty decisively on Thursday, and it looks like, okay,

598
00:48:35.599 --> 00:48:37.559
here we go. Here we go
down to you know, forty nine hundred

599
00:48:37.639 --> 00:48:42.599
or whatever. The correction is ultimately
going to be Friday Bay right back to

600
00:48:42.679 --> 00:48:46.719
fifty two hundred with seemingly no reason
to be coming up. Now it's increased

601
00:48:47.000 --> 00:48:52.719
because the labor market showed a strong
labor mark soiled higher. Everything was like

602
00:48:52.800 --> 00:48:54.559
showing that the Fed has no leg
to stand on lower rates. Well,

603
00:48:54.840 --> 00:48:59.760
nothing changed from the day before.
Traders were realizing we haven't had a two

604
00:48:59.800 --> 00:49:02.519
person sound moved down it didn't go
down. It opened up high you would

605
00:49:02.559 --> 00:49:06.280
get in the pre markets, and
they all short coup it, saying,

606
00:49:06.320 --> 00:49:08.239
hey, if this goes up,
we'll do it again. Right. Fifty

607
00:49:08.280 --> 00:49:12.679
two to ten was a resistance level, long term existence. They got over

608
00:49:12.679 --> 00:49:15.320
it a little bit, they couldn't
close over it. So it'll be interesting

609
00:49:15.400 --> 00:49:19.440
to see what happens on Monday.
Fifty two hundred is interesting because it's almost

610
00:49:19.480 --> 00:49:22.000
support and resistance. Yeah, and
we were well, indeed, we were

611
00:49:22.039 --> 00:49:25.320
looking at that last support of what
was it, like fifty one to fifty

612
00:49:25.440 --> 00:49:29.360
or something like that, and it
broke below that fifty one to forty six

613
00:49:29.400 --> 00:49:32.199
and then just right back above it. So we normally like to start the

614
00:49:32.280 --> 00:49:36.159
show with housekeeping from the last show, things that we talked about, so

615
00:49:36.320 --> 00:49:38.679
we got to check that out.
Actually I kind of overlooked one, but

616
00:49:38.800 --> 00:49:43.800
we did have a housekeeping issue last
week. And the question was would the

617
00:49:43.920 --> 00:49:52.159
rescheduling of marijuana in the United States
be a positive for Canadian marijuana stocks And

618
00:49:52.280 --> 00:49:55.519
the answer in one word is no, And that comes from the CEO of

619
00:49:55.599 --> 00:50:00.440
till Ring, the CEO the CEO
of till Right, So now it makes

620
00:50:00.480 --> 00:50:02.199
no different styles still illegal, We
still can't ship it across the border,

621
00:50:04.159 --> 00:50:07.880
so it had And yet with that
said, canopy growth at one point this

622
00:50:08.000 --> 00:50:13.400
week had tripled on the week,
and it did fall back a little bit.

623
00:50:13.480 --> 00:50:15.719
But be be careful with those.
Uh well, I mean they did

624
00:50:15.800 --> 00:50:19.159
have the Germany thing. Which one
are you looking at? The true leafs?

625
00:50:19.400 --> 00:50:21.360
That one did pretty good this week
run. Yeah, I've been following

626
00:50:21.480 --> 00:50:25.039
True Leave. I have a personal
position in it, so reclimber true But

627
00:50:25.159 --> 00:50:29.199
that's a U S didn't I believe
it's US? Yeah, that makes sense.

628
00:50:29.199 --> 00:50:30.239
That's night and day. Yeah,
it's just an O second day.

629
00:50:30.400 --> 00:50:36.360
You're talking about Canadians where the action
has been Yeah, I personally I don't.

630
00:50:36.760 --> 00:50:38.760
I look at candepy growth and it
gives me fomo sometimes, but I

631
00:50:38.840 --> 00:50:43.960
don't see the I agree, yeah, and be careful of that one.

632
00:50:44.920 --> 00:50:50.679
The CEO of HI, I think
the biggest US or pure leaf is one

633
00:50:50.679 --> 00:50:55.599
of the biggest in the US,
and then True Leave and green Thumb I

634
00:50:55.639 --> 00:50:58.840
think it is. But if you're
going to play that, you can play

635
00:50:58.880 --> 00:51:00.239
that through the E T F.
They M S O S right. I

636
00:51:00.280 --> 00:51:04.039
think that's the symbol. Yeah,
but you gotta be careful those ets with

637
00:51:04.159 --> 00:51:07.360
the waitings. You know, absolutely, you never know. No, you

638
00:51:07.639 --> 00:51:12.320
guys pointed that out on that Tan
Yeh. T A N the solar one

639
00:51:12.360 --> 00:51:15.639
that's done so poorly, even though
one of the components, First Solar,

640
00:51:16.199 --> 00:51:21.000
has done really, really well.
So I think we'll buy First Solar instead

641
00:51:21.000 --> 00:51:22.719
of T A N. That was
that was really smart. Yeah, speaking

642
00:51:22.719 --> 00:51:25.119
of First Solar, they had a
great week this week. Yeah, we're

643
00:51:25.119 --> 00:51:29.199
talking about talk about the first hour. Yeah, but it's one of the

644
00:51:29.239 --> 00:51:31.920
few weeks where the full solar went
up with rate rates going up, So

645
00:51:32.119 --> 00:51:36.599
that was an interesting So I mentioned
in the first hour, I was concerned

646
00:51:36.599 --> 00:51:39.519
about the valuation of Tesla. Right, we're now in the second hour.

647
00:51:39.519 --> 00:51:45.440
We're talking about the valuation of canopy
growth until ray some of the Canadian stocks.

648
00:51:45.480 --> 00:51:49.199
If you have a big gain there, take some of it. I

649
00:51:50.320 --> 00:51:52.719
have no idea where they're going to
go, and I don't even think the

650
00:51:52.800 --> 00:51:55.360
company knows where they're gonna go.
A third one that I want to kind

651
00:51:55.400 --> 00:52:01.599
of mention is d J T Donald
J. Trump the nail on the head

652
00:52:01.639 --> 00:52:06.559
last week, Dave, if the
valuation just isn't there. It was down

653
00:52:06.639 --> 00:52:10.519
twenty five percent on Monday after reporting
a loss in twenty twenty three of fifty

654
00:52:10.559 --> 00:52:15.079
eight million dollars. This is a
stock with a market cap of like six

655
00:52:15.360 --> 00:52:21.800
billion. Last year they had total
revenue of four million dollars. Total sales

656
00:52:22.400 --> 00:52:27.199
were four million dollars before costs.
It's just it's insane. I mean,

657
00:52:28.159 --> 00:52:30.480
does the stock have any intrinsic value
at all? And I would say,

658
00:52:31.000 --> 00:52:37.000
regardless of how much you like Trump, this is a penny stock. Oh

659
00:52:37.119 --> 00:52:40.239
yeah, it shouldn't be forty four
dollars. It shouldn't be forty six dollars.

660
00:52:40.320 --> 00:52:46.000
It should be forty six tenths.
Be careful. I mean, it's

661
00:52:46.280 --> 00:52:50.280
definitely not the same thing. But
game stop. No intrinsic value whatsoever.

662
00:52:50.400 --> 00:52:52.400
But what was happening. People were
short in the hell out of it,

663
00:52:52.559 --> 00:52:57.239
and it went up. I had
a client call me on Wednesday and he

664
00:52:57.320 --> 00:53:00.840
said he he actually was trading candid
bi growth, real nice trade, made

665
00:53:00.840 --> 00:53:05.440
a nice profit. He said,
buy me a hundred shares of DJT,

666
00:53:06.280 --> 00:53:08.679
you know, And I said,
do you understand that what's the value of

667
00:53:08.760 --> 00:53:13.800
this doc is close to zero?
And he said I do. And I

668
00:53:13.840 --> 00:53:16.159
brought him the Hunter Shares shares because
he believes that at some point, you

669
00:53:16.239 --> 00:53:22.079
know, it's going to pop.
Trump goes up in the polls bigger.

670
00:53:22.280 --> 00:53:23.639
You know, it looks like more
and more obvious that Trump's going to get

671
00:53:23.639 --> 00:53:28.119
elected, you know. And I
say, personally, I've received maybe two

672
00:53:28.199 --> 00:53:30.920
maybe three calls in the past two
weeks wanting to buy that side. Why

673
00:53:30.119 --> 00:53:32.880
buy that? I even't had one
from somebody that's not a client's And they

674
00:53:32.920 --> 00:53:37.000
wanted to open an account at Broger's
account with us and just to buy I

675
00:53:37.039 --> 00:53:38.440
don't know, three or four shares
of it. I told them go elsewhere.

676
00:53:38.480 --> 00:53:42.239
It's going to be cheaper for you. You have to understand what things

677
00:53:42.360 --> 00:53:45.559
like that. Sebastian and we've talked
about this. That's not investing, no,

678
00:53:45.760 --> 00:53:50.639
absolutely not. That is out and
out gambling, speculation, speculation,

679
00:53:50.880 --> 00:53:53.199
gambling. Is it going to work
out? Is it not going to work

680
00:53:53.239 --> 00:53:57.599
out? We'll know, you know, six months down the road. But

681
00:53:58.039 --> 00:54:00.920
in the meantime, one more thing
about that, egt stuck. I just

682
00:54:00.000 --> 00:54:02.119
see a stat if you wanted to, if you want to short it,

683
00:54:02.360 --> 00:54:07.039
you need to borrow the shares,
right, there's some It can cost you

684
00:54:07.159 --> 00:54:10.159
up to five hundred percent to borrow
that share. The good news is the

685
00:54:10.199 --> 00:54:14.400
good news is there isn't any stock
aveil available to share? No. I

686
00:54:14.559 --> 00:54:16.440
checked to see if there's any stock
available, But it makes sense if there

687
00:54:16.519 --> 00:54:21.840
is any available, they're going to
charge you at interest because there's no If

688
00:54:21.880 --> 00:54:23.360
there isn't any available, you can't
short it. Know what I'm saying is

689
00:54:23.400 --> 00:54:27.000
if there is and there's a small
quantity of it, they're going to charge

690
00:54:27.000 --> 00:54:30.400
a higher rate because there's not I
see what you're saying. Another one that's

691
00:54:30.639 --> 00:54:35.679
that has me a bit perplexed.
I guess you'd say, is Lululemon need

692
00:54:35.760 --> 00:54:39.760
Too, one of the most consistent
gross stocks over the last few years,

693
00:54:40.599 --> 00:54:45.920
down nineteen percent after a disappointing quarter
report. But that was back on March

694
00:54:45.000 --> 00:54:50.000
twenty second, and the selling continued. This week. The stock hit a

695
00:54:50.039 --> 00:54:52.639
five month low. Analysts have been
featuring the stock. I'm seeing some by

696
00:54:52.760 --> 00:54:57.559
ritties come out, But generally,
when you have a huge drop like that,

697
00:54:58.280 --> 00:55:01.079
it's going to take a long period
to stabilize. Once you have a

698
00:55:01.119 --> 00:55:04.960
big drop like that, it takes
a long period of stabilize, it might

699
00:55:05.039 --> 00:55:09.119
take months to stabilize. In the
meantime, you know, Lululemon's business is

700
00:55:09.159 --> 00:55:14.639
pretty good. It did get down
to a low in October of three fifty

701
00:55:14.760 --> 00:55:17.719
four. I think on Friday it
closed around three fifty six. That's down

702
00:55:17.760 --> 00:55:22.320
from four eighty, right, So
if it were to break that three fifty

703
00:55:22.440 --> 00:55:25.519
six, then it's in a free
fall, might be. I mean,

704
00:55:25.559 --> 00:55:28.599
you don't know where you're going to
go on that, but it's it is

705
00:55:28.719 --> 00:55:31.440
getting cheaper and cheaper by the day. It is one of the better gross

706
00:55:31.480 --> 00:55:37.159
stocks of the last five years.
I'm still a believer in it. Yeah,

707
00:55:37.199 --> 00:55:39.719
we haven't bought it yet in the
office as a block, so full

708
00:55:39.760 --> 00:55:44.760
disclosure. Another one that's just called
on before you move on to Loulise.

709
00:55:44.920 --> 00:55:46.760
I like what you're saying here,
because what I'm looking on a technical level

710
00:55:47.360 --> 00:55:51.679
is the two hundred weekly moving average. Yep. Last time it hit it

711
00:55:52.000 --> 00:55:55.360
pandemic drop hit it in the middle
of twenty two, back up to around

712
00:55:57.440 --> 00:56:00.920
five hundred, and now it's coming
back down to that three fifty sixth level

713
00:56:00.119 --> 00:56:04.760
where it's meeting again with that two
hundred weekly moving average, which is normally

714
00:56:04.800 --> 00:56:08.800
a support level. So essentially you
have that last support holding you off from

715
00:56:08.840 --> 00:56:13.719
a really big drop. Right.
So that three fifty area that I mentioned

716
00:56:13.800 --> 00:56:16.639
being the October low, it was
the October low because it had hit the

717
00:56:16.719 --> 00:56:21.599
two hundred day moving average and weekly
moving this is the weekly nothing right,

718
00:56:21.840 --> 00:56:23.400
And if you're if you're out there
listening, what are the what the heck

719
00:56:23.400 --> 00:56:30.840
are they talking about? Stocks have
two components. They have the fundamental value

720
00:56:30.880 --> 00:56:34.880
and then they have the technicals fundamentalists, how much you're selling, who you're

721
00:56:34.880 --> 00:56:38.039
selling it to, what your margins
are. Technical is all about the charts,

722
00:56:38.400 --> 00:56:43.519
patterns, patterns, you know,
and the only reason that works.

723
00:56:43.599 --> 00:56:47.920
It sounds like voodoo. The only
reason technical analysis works is because millions of

724
00:56:49.039 --> 00:56:52.440
people watch it. That maybe the
only reason it works. Maybe No,

725
00:56:52.599 --> 00:56:58.000
that they do. No, there's
there's other millions of people watching technical analysis

726
00:56:58.079 --> 00:57:00.239
and a stock if a stock hits
like you said, Todd, the two

727
00:57:00.320 --> 00:57:04.360
hundred day moving average er and that's
not two hundred but that you said,

728
00:57:04.679 --> 00:57:08.119
the two hundred weekly moving average about
with some fractal geometry. No, but

729
00:57:08.559 --> 00:57:14.559
it is. They've done studies and
if it technically, if we all used

730
00:57:14.559 --> 00:57:19.039
it, it would lead no results
and it would have no information if we

731
00:57:19.079 --> 00:57:22.960
all used it. If you have, there's if we know of all the

732
00:57:22.960 --> 00:57:27.519
stock figures in the world, Dave
about let's be fair, probably only fifty

733
00:57:27.559 --> 00:57:32.760
percent even know how to use technicals. Oh, you think exactly my point.

734
00:57:32.920 --> 00:57:37.239
And that's why it works, because
those five percent are watching. Yes,

735
00:57:37.400 --> 00:57:42.400
And I'm not even even beginning to
imply that everybody knows technical analysis,

736
00:57:42.480 --> 00:57:45.599
because almost otherwise there would be no
edge. Almost no one in our business

737
00:57:45.719 --> 00:57:50.960
knows technical analysis, let alone the
general public. I mean, the predominant

738
00:57:50.960 --> 00:57:53.760
way to think about stocks has been
fundamental. That's where you have stock investing

739
00:57:53.840 --> 00:57:58.639
from Benjamin Graham and Warren Buffett and
all. The old school way of thinking

740
00:57:58.639 --> 00:58:01.840
about stocks is you trying to figure
out the current valuation and what sales could

741
00:58:01.840 --> 00:58:06.639
grow into the future. And that's
the that's traditionally how you find evaluation,

742
00:58:06.960 --> 00:58:09.760
right and then, But there are
quite a bit of investors who purely have

743
00:58:09.880 --> 00:58:15.400
technical There's investors that do fundamental and
technical. There's investors that only do fundamentals.

744
00:58:15.440 --> 00:58:17.760
So each camp has their own success
stories behind them. Yeah, they're

745
00:58:17.760 --> 00:58:22.360
truly are investors who use only their
charge. They don't care what the company

746
00:58:22.480 --> 00:58:25.440
does, where they're located. They
don't even look at logos, they don't

747
00:58:25.440 --> 00:58:30.159
even doesn't matter. It's it's it's
interesting. And I always say, those

748
00:58:30.159 --> 00:58:32.280
people aren't looking to invest in the
stock. They're looking to borrow it,

749
00:58:35.440 --> 00:58:37.840
either shorter or long. I just
want I don't want to own the company.

750
00:58:37.840 --> 00:58:39.519
I don't want to borrow the stock
for a while. And that's that's

751
00:58:39.599 --> 00:58:44.320
kind of the mentality there. You
guys had a bunch of folks coming in

752
00:58:44.400 --> 00:58:47.800
this week. Every single day you
were doing, Yeah, something come doing

753
00:58:47.880 --> 00:58:51.719
back there. Something came up this
week. We had one client who had

754
00:58:51.719 --> 00:58:54.679
an annuity that locked them up into
a ten year product that it wasn't very

755
00:58:54.719 --> 00:58:58.440
good and wasn't going to grow.
So we're going to take a ten percent

756
00:58:58.519 --> 00:59:00.880
penalty free withdrawal out of that annuity, which most annuities come with. This

757
00:59:01.039 --> 00:59:06.239
provision is where you can take out
annually ten percent penalty free, and then

758
00:59:06.280 --> 00:59:08.360
we're going to use it and put
into a product that's gonna well, not

759
00:59:08.480 --> 00:59:13.159
necessarily another annuity, but just something
a different vehicle that will earn more interest.

760
00:59:14.000 --> 00:59:20.719
But what we learned about is this
particular client does have a terminal illness,

761
00:59:20.800 --> 00:59:25.400
a life threatening terminal illness. So
what many annuity companies, each one

762
00:59:25.519 --> 00:59:30.000
is different. It's called a terminal
illness writer. And what it means is

763
00:59:30.119 --> 00:59:32.920
if you fall terminally, obviously you
need a physician to sign off on it.

764
00:59:34.840 --> 00:59:37.360
You can for this particular company,
Equatrust, take out seventy five percent

765
00:59:37.559 --> 00:59:43.679
penalty free. Now every annuity company
is different, and that writer is really

766
00:59:44.039 --> 00:59:47.320
another word for writers option, So
you can add these options on top of

767
00:59:47.400 --> 00:59:52.840
annuities. All annuities come with fixed
writers, meaning it just comes as a

768
00:59:52.920 --> 00:59:58.119
package product. Most of them always
have this terminal illness writer. Some of

769
00:59:58.199 --> 01:00:01.000
them will have something like enhanced benefit
which means you can take out more of

770
01:00:01.079 --> 01:00:06.280
your money if you hit a long
term care event where you can't perform two

771
01:00:06.320 --> 01:00:09.639
out of six daily living events and
things like that. So the writers are

772
01:00:09.760 --> 01:00:14.000
just another word for option, and
there's something you pay for each one of

773
01:00:14.079 --> 01:00:16.519
those. Right Now, if a
writer is built into the product, you're

774
01:00:16.519 --> 01:00:20.239
not paying for it, right A
ternal illness writer, you're not paying for

775
01:00:20.320 --> 01:00:22.320
it. It's just built into the
product. But if you have an income

776
01:00:22.360 --> 01:00:27.400
writer, you're paying for an income
writer, right because what that's saying is

777
01:00:27.800 --> 01:00:32.719
you are putting an option on your
annuity to build your income base at a

778
01:00:32.840 --> 01:00:37.639
higher rate than in otherwise would be. So you're paying the annuity company to

779
01:00:37.760 --> 01:00:42.320
pay for them to pay you more. And I think most people are familiar

780
01:00:42.440 --> 01:00:46.719
with writers from their homeowners insurance policy. You might have an art writer if

781
01:00:46.760 --> 01:00:52.159
you have some art in the house. You almost always have a jewelry writer

782
01:00:52.079 --> 01:00:55.159
for the jewelry you have in the
house or anything special. I mean,

783
01:00:55.239 --> 01:00:59.599
think about it, right. Insurance
is just a contract, and what a

784
01:00:59.639 --> 01:01:02.400
writer is is just extra lines on
that contract making sure that this is covered

785
01:01:02.440 --> 01:01:07.320
through the contract. Ye. Right. So another thing that came out with

786
01:01:07.400 --> 01:01:12.760
the Secure Act two point zero is
that they're actually before this I didn't know

787
01:01:12.840 --> 01:01:15.159
this, if you had a terminal
illness, you couldn't take out of your

788
01:01:15.199 --> 01:01:21.440
qualified accounts without the ten percent penalty, uh, the ten percent extra tax

789
01:01:21.519 --> 01:01:24.280
penalty that the IRS gives you.
Apparently with the Secure Act two point oh,

790
01:01:24.440 --> 01:01:28.559
that is now allowed, where if
you have a terminalness, you can

791
01:01:28.639 --> 01:01:30.800
take out of your IRA before fifty
nine and a half, you can take

792
01:01:30.800 --> 01:01:31.880
out of your phone, okay for
fifty nine and a half. Even though

793
01:01:31.920 --> 01:01:37.119
the government of the law might have
said you can take money out if you

794
01:01:37.239 --> 01:01:40.599
have a terminal illness, the annuity
company said no, Well, that's that's

795
01:01:40.679 --> 01:01:45.880
where there's exactly well, because not
all annuities are qualified accounts, sure,

796
01:01:46.320 --> 01:01:50.320
right, So if you have a
normal annuity. You're not subject to the

797
01:01:50.360 --> 01:01:52.320
Secure They're not subject to the Secure
Act two point zero. Secure Act two

798
01:01:52.360 --> 01:01:57.480
point zero was four qualified accounts.
So what they're saying is any qualified accounts

799
01:01:57.519 --> 01:02:00.400
and those are your irays, your
four to one k's, you can take

800
01:02:00.440 --> 01:02:05.679
out any amount and not incur that
tax penalty if you're able to prove that

801
01:02:05.760 --> 01:02:08.920
you have that life threatening uness.
Cool because we got to the end of

802
01:02:08.960 --> 01:02:15.440
the quarter. Interesting. I look
back today and I hadn't realized or I

803
01:02:15.480 --> 01:02:20.480
hadn't really thought about it. I
guess We've now had two consecutive quarters of

804
01:02:20.599 --> 01:02:23.920
double digit gains, and we're up
more than ten percent in Q four of

805
01:02:24.159 --> 01:02:28.760
twenty twenty three, more than ten
percent in Q one of twenty twenty four.

806
01:02:28.760 --> 01:02:31.639
It's pretty unusual to have back to
back quarters with double digit gains.

807
01:02:31.880 --> 01:02:38.039
I couldn't determine how unusual that I
tried to find Avid, but a couple

808
01:02:38.119 --> 01:02:43.360
of just a little summary of the
first quarter. We know that interest rates

809
01:02:43.519 --> 01:02:47.320
rose. We saw the value of
our twenty year Treasury ETF that we have

810
01:02:47.719 --> 01:02:52.000
in most accounts because we think interest
rates are going to be coming down this

811
01:02:52.159 --> 01:02:55.119
year, so we wanted some long
term some exposure to long term treasuries and

812
01:02:55.320 --> 01:03:02.360
that actually dropped almost seven percent this
year so far. DAL stocks, as

813
01:03:02.400 --> 01:03:07.159
we talk about so often, one
of the worst performingdalstocks over the last two

814
01:03:07.239 --> 01:03:09.760
years is Disney at the very top
of the pile this month this year,

815
01:03:09.880 --> 01:03:15.559
up thirty five percent in the first
three months, followed by Caterpillar, American

816
01:03:15.639 --> 01:03:21.079
Express, and Merk. Kind of
interesting at the bottom Boying who I think

817
01:03:21.159 --> 01:03:23.639
it was probably twenty twenty two they
were on top, they were number one.

818
01:03:24.119 --> 01:03:28.519
Now they're the number thirty. Where's
Apple on that list? Thirty stock

819
01:03:28.559 --> 01:03:30.480
down? Apple is near the bottom. Yeah, Apple's had a tough year,

820
01:03:30.599 --> 01:03:35.960
down ten point eight percent through the
end of the march. Let's talk

821
01:03:35.960 --> 01:03:37.760
a little bit about Disney. So
a lot of people don't understand what a

822
01:03:37.840 --> 01:03:42.320
proxy fight even is, right and
spending the news. Probably some people have

823
01:03:42.400 --> 01:03:45.599
heard of it and their eyes malased
over because they kind of figured it out.

824
01:03:45.639 --> 01:03:49.039
What really is going on is you
have a border directors. Most companies

825
01:03:49.079 --> 01:03:52.960
have a board of directors that really
oversee the CEO. They make sure the

826
01:03:53.079 --> 01:03:59.079
CEO is running the institution or corporation
how the boarder director sees fit. Following

827
01:03:59.119 --> 01:04:02.519
the mission statement holding the feet to
the fire. Now, what happens is

828
01:04:02.559 --> 01:04:06.599
at a certain point, the boarder
directors get friendly with the CEO potentially and

829
01:04:06.719 --> 01:04:12.199
they're not really holding their feet to
the fire. So an activist investor who's

830
01:04:12.199 --> 01:04:14.639
seeing this on the outside saying,
hey, this company could be better,

831
01:04:14.960 --> 01:04:18.519
but these boarder directors aren't making the
CEO be better. So they come in

832
01:04:18.639 --> 01:04:24.239
and they try to create this almost
battle of sorts activist investor. An activist,

833
01:04:25.199 --> 01:04:29.199
Yeah, yeah, I believe,
I said activists right, activist investors.

834
01:04:29.199 --> 01:04:31.039
So what they're doing is they're coming
in buying a whole bunch of stock

835
01:04:31.400 --> 01:04:33.960
to try to get a seat at
that board, because that's really what a

836
01:04:34.039 --> 01:04:38.320
border director is. Sometimes you can
get appointed, but for the most part,

837
01:04:38.400 --> 01:04:44.079
you own a big enough share of
the stock to be a controlling figurehead

838
01:04:44.119 --> 01:04:46.719
of the corporation. So at that
point you can then get a seat and

839
01:04:46.800 --> 01:04:49.800
they have to vote you in.
And so the whole proxy fight was him,

840
01:04:50.239 --> 01:04:54.360
this activist investor trying to get enough
votes on the board to get his

841
01:04:54.599 --> 01:04:58.599
seat at the table to then try
to influence the company that the way he

842
01:04:58.679 --> 01:05:02.079
sees fit. Pelso's one of the
bigger headge funded guys around he's one of

843
01:05:02.119 --> 01:05:08.280
the biggest activist investors around. Pretty
powerful guy, but didn't wasn't successful in

844
01:05:08.360 --> 01:05:11.880
this one. Nope, did not
get his seat. And then Eiger was

845
01:05:11.920 --> 01:05:15.079
on CNBC the next day kind of
talking about how this was potentially a good

846
01:05:15.159 --> 01:05:20.079
thing and it actually increased shareholder engagement
with the company and things like that.

847
01:05:20.440 --> 01:05:25.000
Suck kind of sold off after the
news kind of really just was back to

848
01:05:25.079 --> 01:05:29.119
where it was because it gained through
this whole Naturally, you're up thirty five

849
01:05:29.159 --> 01:05:31.400
percent for the year. You're all
excited about what could potentially come out of

850
01:05:31.480 --> 01:05:35.360
this activist investor. Well, did
he split the stock or maybe spin off

851
01:05:35.440 --> 01:05:40.480
an underperforming division this or that?
And then at the end of the day,

852
01:05:40.599 --> 01:05:45.760
nothing, nothing is going to change, So can the stock hold most

853
01:05:45.840 --> 01:05:51.280
of those thirty five percent gains until
the fundamental improvement that they're working on starts

854
01:05:51.280 --> 01:05:54.880
to kick in. I would point
out this show to anyone who has a

855
01:05:54.960 --> 01:06:00.960
Netflix is the story of Uber because
in that Docky series, they have a

856
01:06:00.039 --> 01:06:04.840
couple episodes about Border Directors and how
they were trying to get him out as

857
01:06:04.920 --> 01:06:09.079
CEO and how that he was trying
to prevent that, and the politics that

858
01:06:09.280 --> 01:06:12.360
is involved with boarder directors, and
there's big names like, you know,

859
01:06:12.760 --> 01:06:15.679
the head of technologists at Google,
you know. So it's interesting to see

860
01:06:15.920 --> 01:06:19.360
a real life scenario what went down
with Uber and how that story played out.

861
01:06:19.400 --> 01:06:23.840
And they'll give education of how other
corporations deal with their things. And

862
01:06:24.000 --> 01:06:27.079
that's on Netflix. It's on Netflix. And how long will the show is

863
01:06:27.119 --> 01:06:30.639
it? I think it's about four
to five episodes? Oh, okay series,

864
01:06:30.039 --> 01:06:33.199
it's a limited series, hour long
episodes four or five. It's it's

865
01:06:33.280 --> 01:06:36.719
it's literally from the beginning of Uber, what it was and then how it

866
01:06:38.159 --> 01:06:41.880
became what it was. I saw
one this past week as a kind of

867
01:06:42.239 --> 01:06:46.360
a title of this mind how things
have changed? Right? Trucking stocks down

868
01:06:46.480 --> 01:06:55.599
on Monday after Barclay's downgraded the group, saying an oversupplied truckload system is keeping

869
01:06:55.719 --> 01:06:59.920
races down and profitability low. What
a turnaround from twenty twenty one. Seriously,

870
01:07:00.039 --> 01:07:01.639
when we couldn't find truck drivers,
we couldn't get trucks, you can't

871
01:07:01.679 --> 01:07:05.400
get stuff from point A to point
B. And now that Sam Butler's so

872
01:07:05.599 --> 01:07:10.320
much of it that it was an
interesting huh, yeah, exactly, was

873
01:07:10.320 --> 01:07:13.280
an interesting stock. I've been watching
for a while here is Draft Kings.

874
01:07:13.719 --> 01:07:16.320
The reason being is the quarter one
is filled with a lot of big sporting

875
01:07:16.360 --> 01:07:19.639
events. You got the Super Bowl, you got the NFL playoffs, and

876
01:07:19.679 --> 01:07:25.360
then we have the Big March madness
and now apparently people like betting on women's

877
01:07:25.360 --> 01:07:30.400
sports as well. So the women's
NCAA bracket got more attention than it's ever

878
01:07:30.480 --> 01:07:34.440
gotten in its history, and I
think gotten way more bet betting exactly.

879
01:07:35.239 --> 01:07:39.880
She is an amazing is amazing and
fun to watch. But that's I mean

880
01:07:40.000 --> 01:07:44.280
that this is the first year in
my life where I pulled on ESPN to

881
01:07:44.360 --> 01:07:47.920
watch an Elite eight match up in
a women's same here bracket because I wanted

882
01:07:47.960 --> 01:07:51.679
to see her and I wanted to
see the match. I'm it's just amazing,

883
01:07:53.079 --> 01:07:56.079
like watching Steph Curry. That's just
and with that, you think,

884
01:07:56.199 --> 01:07:59.440
okay, well, and drafting has
got to be the beneficiary. On the

885
01:07:59.480 --> 01:08:02.239
other end, whenever sports get more
viewership, that means there's more betting involved,

886
01:08:02.679 --> 01:08:06.800
and that's going to just increasing as
we continue through this legalization era.

887
01:08:08.199 --> 01:08:12.599
Maybe because of my age, I've
had a difficult time falling in love with

888
01:08:12.760 --> 01:08:17.399
a stock whose symbol is Donkey Kong. Yeah. DK and everything is a

889
01:08:17.479 --> 01:08:21.479
symbol for every time I see that, I think Donkey Kong. It is

890
01:08:21.600 --> 01:08:26.159
up thirty six percent year today.
It's reporting earnings at the end of the

891
01:08:26.239 --> 01:08:30.560
month, so it'll be interesting to
see how that comes out. I'm interested

892
01:08:30.560 --> 01:08:32.720
to see how that compares with flutters
earnings. See, yeah, Flutter is

893
01:08:32.760 --> 01:08:36.960
the it's the parent company of FanDuel. They're only competitive. Really is it

894
01:08:38.039 --> 01:08:42.479
publicly traded? Flutter is publicly traded. How have they performed side by side?

895
01:08:42.640 --> 01:08:46.079
Well, they just ip o on
the on they well they were a

896
01:08:46.159 --> 01:08:50.159
London based on the they're on the
London Exchange and now they transition to the

897
01:08:50.199 --> 01:08:55.119
American Exchange. So there's not a
lot of history on the data chart if

898
01:08:55.119 --> 01:08:58.520
you looked at it. But they
have been around for a while. Stock

899
01:08:58.600 --> 01:09:00.760
that we still have a position in, and we've been we've been a lot

900
01:09:00.840 --> 01:09:05.079
bigger and in the past we've paired
that down as it rallied. His win

901
01:09:06.359 --> 01:09:11.760
stocks down five percent in the last
twelve months, still again on their concern

902
01:09:12.279 --> 01:09:15.079
a concern about their big presence of
Macau moved to an eight month high on

903
01:09:15.199 --> 01:09:19.560
Thursday after an analyst that miss Sue
initiated coverage of the stock with a by

904
01:09:19.680 --> 01:09:23.720
rating and one hundred and thirty one
dollars price started trading around what one o

905
01:09:23.880 --> 01:09:31.079
six? Pardon me, this analyst
sees a compelling value story here. And

906
01:09:31.600 --> 01:09:40.760
I could see that the Chinese economy
is still struggling fairly mindedly with their real

907
01:09:40.920 --> 01:09:44.520
estate issues. And why would it
struggle with the real estate issues, Well,

908
01:09:44.600 --> 01:09:49.319
almost every one of their developers has
gone bankrupt. And every single person

909
01:09:49.840 --> 01:09:58.199
who put a deposit on one of
these condos or townhouses, condodal condos in

910
01:09:58.319 --> 01:10:01.159
one of these big buildings has lost
deposit. So we've got an awfully a

911
01:10:01.159 --> 01:10:05.199
lot of people that have lost money
in China and it's going to take a

912
01:10:05.239 --> 01:10:10.840
while to recoup. Yep. And
we've started to see a few green shoots

913
01:10:10.880 --> 01:10:15.439
over there, but they're a long
way from being any kind of a competitive

914
01:10:15.479 --> 01:10:19.199
force with the United States economically going
forward, Well, they're still going to

915
01:10:19.239 --> 01:10:24.439
be very good at the inputs that, yes, you know, we rely

916
01:10:24.640 --> 01:10:28.600
on. Obviously, their housing is
going to put a huge pressure on their

917
01:10:28.640 --> 01:10:31.399
retail spending, which puts pressure on
their economic growth. But in terms of

918
01:10:31.760 --> 01:10:35.760
the manufacturing side of things, you
have seen that tick up. You have

919
01:10:35.880 --> 01:10:41.000
seen the export import numbers come back
to where at least kind of where they

920
01:10:41.039 --> 01:10:45.319
should be. So it is coming
around, but it's slow for sure.

921
01:10:45.760 --> 01:10:49.279
Humana had another bad week, ten
percent low. All of the drug companies,

922
01:10:49.720 --> 01:10:57.079
all of them true. What happened
there almost just trepidation in the market.

923
01:10:57.319 --> 01:11:00.600
Couldn't really find other than just a
couple of Medicare. The Medicare thing

924
01:11:00.680 --> 01:11:01.560
came out last week. I thought, no, it came out, this

925
01:11:01.800 --> 01:11:04.239
was it this week? Okay,
and that had to be it. Then,

926
01:11:04.520 --> 01:11:08.800
Oh, exactly what it was.
Medicare says prices next year are going

927
01:11:08.840 --> 01:11:11.239
to go up, but I think
it was three point seven percent. Wow,

928
01:11:11.439 --> 01:11:15.960
and they were expecting more than five
percent area and human I hit a

929
01:11:16.159 --> 01:11:19.920
five year low. That's why I
wanted to bring up Human as you know,

930
01:11:20.079 --> 01:11:25.680
hit that huge Fibonacci level at three
hundred and it bounced off it.

931
01:11:25.760 --> 01:11:30.119
Now it's at three thirteen. It's
over sold on all levels. It's it

932
01:11:30.239 --> 01:11:31.880
is one of those stocks where you're
looking at where you're almost buying at the

933
01:11:32.479 --> 01:11:36.319
pandemic leves here. So three hundred
years there is supported, three hundred,

934
01:11:36.359 --> 01:11:40.359
there is supported three hundred and then
but after that I don't see any support

935
01:11:40.439 --> 01:11:44.319
until like two thirty. So it's
a it's one of those things that that

936
01:11:44.359 --> 01:11:46.359
you got to watch it again.
When Will Knox take a big down move,

937
01:11:46.800 --> 01:11:50.399
it takes time for them to heal. So don't get all excited when

938
01:11:50.399 --> 01:11:55.199
you see well, you're completely right. This Humana was at five oh one,

939
01:11:55.520 --> 01:11:58.399
it dropped down to around four hundred. You think, okay, that's

940
01:11:58.399 --> 01:12:00.920
a good spot. Now we're back
at three thirteen. There you go.

941
01:12:00.199 --> 01:12:04.000
We'll be back right after this break. Welcome back to the Money Matter Show.

942
01:12:04.000 --> 01:12:08.479
My name is Sebastian bars Senium here
with Dave Sherwood and Todd Glick Junior.

943
01:12:09.000 --> 01:12:13.039
You sound very low key this morning, Sebastian, Like here just like

944
01:12:13.239 --> 01:12:15.760
just got out of bed or something, had a great weekend. Yeah,

945
01:12:15.880 --> 01:12:19.119
it just just seemed a little key, that's all. Guess guess what's up

946
01:12:19.159 --> 01:12:29.239
over one hundred now over one hundred
I don't know of this year alone.

947
01:12:30.079 --> 01:12:33.079
Yeah, they've just been killing it. Had to raith you own employee in

948
01:12:33.199 --> 01:12:36.159
and they're like, we I think
it's a little overdone here. So what

949
01:12:36.199 --> 01:12:40.680
do you think, David? It
just hit a huge I mean it's almost

950
01:12:40.680 --> 01:12:43.439
out of all time high, which
is obviously a huge versus We were big

951
01:12:43.479 --> 01:12:45.319
fans when it was in the sixties. Yeah, not that long ago.

952
01:12:45.720 --> 01:12:49.079
And in the seventies, in the
eighties we kind of started to cool.

953
01:12:49.600 --> 01:12:53.680
And now it's kind of returning back
close to the highs, right, yeah,

954
01:12:53.800 --> 01:12:57.760
almost. You overbought levels here and
it's very close to all the time

955
01:12:57.840 --> 01:13:00.279
highs. It's gonna it's gonna take
a big surge to get it over that

956
01:13:00.399 --> 01:13:03.199
level. I'm always looking for a
deal, and I don't think there's a

957
01:13:03.359 --> 01:13:08.399
deal there. That's all right,
I don't I don't see a big deal.

958
01:13:08.520 --> 01:13:11.279
Hey, do you ever go to
a ninety nine cents only store?

959
01:13:11.680 --> 01:13:15.079
Never? I used to know.
There's five of those in Tucson. Yeah,

960
01:13:15.359 --> 01:13:17.279
ninety nine Or let me put it
this way, there were five of

961
01:13:17.359 --> 01:13:21.359
those in Tucson. Okay. Company
is going out of business. They announced

962
01:13:21.399 --> 01:13:26.880
on Friday they're shutting down. They're
a publicly traded company. No, they're

963
01:13:26.880 --> 01:13:30.239
a private company. But there's five
locations in Tucson. And I'm guessing there

964
01:13:30.319 --> 01:13:33.079
might be some deals, you know, because what happens when a company goes

965
01:13:33.079 --> 01:13:35.800
out of business, they liquidate,
right, some things ninety nine cents they're

966
01:13:35.800 --> 01:13:43.079
already ninety nine cents only. Maybe
maybe everything can be a dollar two or

967
01:13:43.159 --> 01:13:48.960
no. Yeah, I never understood
that Celsius up percent. I missed that

968
01:13:49.039 --> 01:13:51.760
one. I missed that one.
You and I were talking about that one

969
01:13:51.960 --> 01:13:55.760
in the fifties and I said,
I think it's gonna pull back. Yeah,

970
01:13:56.720 --> 01:14:00.680
you convinced me of it too.
This office, it's probably one of

971
01:14:00.720 --> 01:14:03.079
the biggest celsiust consumers out there,
and we still don't own it. We

972
01:14:03.199 --> 01:14:08.119
do have some heavy sealsiest consumers here. Yeah, that's a tough one to

973
01:14:08.199 --> 01:14:13.039
watch, but I think it's a
loudest screen then, I exactly. That's

974
01:14:13.039 --> 01:14:15.840
a lesson for people that are listening. When you are watching a stock and

975
01:14:15.960 --> 01:14:19.600
then it pops off and you feel
like you missed it, and now you're

976
01:14:19.640 --> 01:14:23.800
looking for an opportunity to get in, it's normally not the right thinking.

977
01:14:23.960 --> 01:14:27.119
That's true, right, So it's
it's sometimes better to just take it off

978
01:14:27.119 --> 01:14:30.720
the watch lists completely and try to
look for other opportunities. It's just because

979
01:14:30.800 --> 01:14:33.760
you were right and you missed opportunity
doesn't mean you're going to be right for

980
01:14:33.840 --> 01:14:36.520
the next month as well, right, don't double up on it. Yeah,

981
01:14:36.960 --> 01:14:40.560
I think one of the one of
the better, one of the better.

982
01:14:40.680 --> 01:14:45.840
Doll stocks over the last few years
has been McDonald's right. The McDonald's

983
01:14:45.840 --> 01:14:51.159
hamburgers and stock just keeps kept going
and going and going, hitting all time

984
01:14:51.319 --> 01:14:56.880
high in January, all time high, but since then it's dropped eleven percent.

985
01:14:57.159 --> 01:15:00.560
Was lower on Friday, Get this
on Newsday signed a deal to purchase

986
01:15:00.720 --> 01:15:08.079
all two hundred and twenty five of
their restaurants in Israel. The group that

987
01:15:08.239 --> 01:15:13.039
owns all two hundred and twenty five
restaurants in Israel and has owned them for

988
01:15:13.119 --> 01:15:20.800
thirty years, wants out because sales
have been dramatically lower as a protest against

989
01:15:21.199 --> 01:15:27.079
what Israel is doing in Palestine Ian
Gaza. Hopefully Krispy Kreme helps him out.

990
01:15:27.560 --> 01:15:30.119
I know it's it's weird, isn't
it. I mean, the the

991
01:15:31.079 --> 01:15:35.640
ripple effects of something like that.
That. Okay, the McDonald's franchisee for

992
01:15:35.840 --> 01:15:44.439
thirty years wants out because people in
Israel aren't buying McDonald's hamburger's in protests.

993
01:15:45.159 --> 01:15:49.399
Oh really. In video stock,
We've been talking about in video stock NonStop.

994
01:15:50.079 --> 01:15:54.920
It has absolutely been the beast for
the last what eighteen months now,

995
01:15:55.680 --> 01:16:00.680
been just on fire. It's dropped
more than ten percent from the high over

996
01:16:00.720 --> 01:16:05.119
the last few weeks, it feels
like it's wanting to drop further. Frankly,

997
01:16:05.159 --> 01:16:08.960
you have a pop on Friday,
but it does feel like it wants

998
01:16:09.000 --> 01:16:12.760
to go lower and again. So
when that happens, I'm still up seventy

999
01:16:12.840 --> 01:16:17.880
percent this year, seventy percent this
year, even after pulling back ten.

1000
01:16:18.880 --> 01:16:23.680
So I start to look at the
chart now the fundamentally, Again, there's

1001
01:16:23.680 --> 01:16:27.600
two different ways to look at something. Fundamentally, their business has never been

1002
01:16:27.680 --> 01:16:31.119
better. It's selling at thirty five
times earnings, which is not expensive.

1003
01:16:31.720 --> 01:16:36.600
They have a pretty wide moat,
which means it's hard for some other person

1004
01:16:36.680 --> 01:16:42.479
to get in your castle and take
your stuff. Means that their business is

1005
01:16:42.520 --> 01:16:46.760
fairly unique. They've got a pretty
good head start on all of their competition.

1006
01:16:48.239 --> 01:16:51.760
But there are some gaps in the
chart. And generally when now we're

1007
01:16:51.760 --> 01:16:56.359
going to that was fundamental, now
we go to technico. When you look

1008
01:16:56.399 --> 01:16:59.079
at a graph of the chart,
or excuse me, of the stock,

1009
01:16:59.439 --> 01:17:05.199
there are gaps in the stock as
it soared higher. Generally, gaps get

1010
01:17:05.279 --> 01:17:10.279
filled, and there is a gap
the lowest. There are a couple three

1011
01:17:10.359 --> 01:17:13.680
gaps, and the lowest gap that
would need to be filled would take the

1012
01:17:13.720 --> 01:17:17.039
stock down under seven hundred, and
it was what the high was, nine

1013
01:17:17.199 --> 01:17:21.439
seventy five and it's closed Friday about
eight fifty fifty or not. Yeah,

1014
01:17:21.479 --> 01:17:26.520
I think there would eight probably have
a rally on Friday, So eight sixty

1015
01:17:26.600 --> 01:17:29.680
five or eighty eight eighty, Okay, it's a nice move. And that

1016
01:17:29.760 --> 01:17:31.560
doesn't mean it doesn't go from here
straight back to eleven hundred. I see

1017
01:17:31.600 --> 01:17:34.000
the same thing, Dave. You
know, at eight fifty six you have

1018
01:17:34.119 --> 01:17:39.079
some support and then after that you
really don't have anything for a while.

1019
01:17:39.399 --> 01:17:42.079
And it did. It did dip
down to that level, that eight fifty

1020
01:17:42.159 --> 01:17:46.960
area, yeah, Thursday, Thursday, so and it held that and the

1021
01:17:47.359 --> 01:17:50.520
I mean, if you just look
at an RSI, which is a technical

1022
01:17:50.600 --> 01:17:58.000
indicator shows you relative strength between buying
and selling, it's overbought by a lot.

1023
01:17:58.520 --> 01:18:01.239
Yeah, it is. It's extreme
needs a correction to reset the chart.

1024
01:18:01.880 --> 01:18:04.479
But that's technically speaking. Yeah,
And if you own it, if

1025
01:18:04.520 --> 01:18:09.359
you own it and haven't sold some
of it, you probably should because if

1026
01:18:09.439 --> 01:18:12.680
it does drop back to seven hundred
where you would want to buy it again,

1027
01:18:13.039 --> 01:18:15.760
you're gonna be kicking yourself that you
didn't sell some at e eighty.

1028
01:18:16.079 --> 01:18:19.279
On the other hand. If it
goes to eleven hundred, well so what

1029
01:18:19.680 --> 01:18:24.079
you made a heck of a profit. You're still on the stocks all eighty.

1030
01:18:24.199 --> 01:18:27.640
So if you're trying to get in
at the all time low and out

1031
01:18:27.720 --> 01:18:30.880
at the all time high, that's
not going to happen. David. We've

1032
01:18:30.880 --> 01:18:33.479
talked about Novo, nor disk and
and stomach glue tide stocks quite a bit.

1033
01:18:34.439 --> 01:18:39.279
Novo actually just filed a new drug
for FD approval, but this time

1034
01:18:39.359 --> 01:18:43.439
it's not for weight loss. It's
actually called insulin isodec uh. This is

1035
01:18:43.600 --> 01:18:48.079
insulin that's gonna be injected into yourself
once weekly. That's pretty game changing,

1036
01:18:48.079 --> 01:18:53.159
I would say, once weekly,
rather than having to do it before every

1037
01:18:53.239 --> 01:18:59.119
meal. Once weekly. So my
biggest thing, And when you were just

1038
01:18:59.159 --> 01:19:03.119
saying about mo right, how unique
a company's businesses? Yes, Segue.

1039
01:19:03.319 --> 01:19:08.479
It seems as if all these businesses
that have come up with those empic and

1040
01:19:08.520 --> 01:19:11.000
all these weight loss drugs, all
these generics just come around and do the

1041
01:19:11.039 --> 01:19:14.479
same things. Like how unique they're
spending all this R and D as A

1042
01:19:14.600 --> 01:19:17.279
as A as a pharmaceutical company,
you expect all these profits, but then

1043
01:19:17.319 --> 01:19:21.119
someone can just come in because it's
not a unique business right, right,

1044
01:19:21.399 --> 01:19:25.800
And so how do you judge that? How do you know is this the

1045
01:19:25.920 --> 01:19:28.680
only person that's going to have this
thing? We talked a few years from

1046
01:19:28.680 --> 01:19:31.520
now. We talked a few weeks
ago about how many of losses Lily has

1047
01:19:31.600 --> 01:19:35.520
filed against compounding pharmacy. Same thing
with Novo who have any same thing to

1048
01:19:35.600 --> 01:19:40.439
know that, who have no trouble
duplicating this and then then mailing it out

1049
01:19:40.520 --> 01:19:44.239
to you and he comes with a
little bottle of the stuff and in a

1050
01:19:44.359 --> 01:19:47.319
syringe. Yeah, it seems it
seems illegal to me, honestly, because

1051
01:19:47.399 --> 01:19:51.119
yeah, these kinds, these pharmacicalceutical
companies, they like Todd said, invests

1052
01:19:51.119 --> 01:19:54.279
all this money into R and D
and they have a patent for ten to

1053
01:19:54.399 --> 01:19:58.159
thirteen years. How important it's important
because it's expended, right, So they

1054
01:19:58.479 --> 01:20:01.359
again there's they still have this.
But yes, you have compound pharmacies coming

1055
01:20:01.399 --> 01:20:04.079
in and making the same drug,
changing one little thing in it and there

1056
01:20:04.119 --> 01:20:06.520
you go. They could sell it, you know, Whereas like when you

1057
01:20:06.640 --> 01:20:12.880
compare that with the video they're making
a brand new chip. Who's going to

1058
01:20:12.960 --> 01:20:15.119
come along and goby it? Right? Who's got the infrastructure to do that?

1059
01:20:15.399 --> 01:20:17.920
Right? Whereas when you look at
these pharmaceutical ones. They're like,

1060
01:20:17.960 --> 01:20:21.560
well, maybe that's it's just an
easier industry to mimic, right, And

1061
01:20:21.640 --> 01:20:25.439
you've got to be able to with
in video. You've got to be able

1062
01:20:25.479 --> 01:20:29.720
to produce it in masks. I
mean, the demand is extremely strong.

1063
01:20:30.039 --> 01:20:35.039
I can't remember the number of ships
that Meta was buying. Something like video

1064
01:20:35.119 --> 01:20:41.159
can produce the melon is buying.
Everybody wants these chips for their their pet

1065
01:20:41.239 --> 01:20:45.079
projects. So because they're so powerful, pretty cool stut here maybe not cool.

1066
01:20:45.239 --> 01:20:49.880
Restaurants sales and traffic or the weekest
since they were closed during COVID during

1067
01:20:49.960 --> 01:20:55.840
COVID, that's pretty incredible. That's
interesting, is it because of everyone's on

1068
01:20:55.960 --> 01:21:00.720
note or on the presence. Yeah, hold on, I hears things like

1069
01:21:00.800 --> 01:21:04.439
that. I want to know more
of the the data set there, go

1070
01:21:04.800 --> 01:21:08.680
let me look at it. But
I did. I did see some things

1071
01:21:09.800 --> 01:21:15.159
a similar things last week from from
different companies. Another one one of the

1072
01:21:15.239 --> 01:21:18.800
signs the company is in trouble is
slow payments to vendors. That's a that's

1073
01:21:18.840 --> 01:21:23.399
a Some of them do it because
they're smart money managers, but for the

1074
01:21:23.439 --> 01:21:26.239
most part, you do it if
you're in trouble. We saw bed Bathroom

1075
01:21:26.279 --> 01:21:32.159
Beyond. We saw Radio Shack,
we saw Toys r us all slow payments

1076
01:21:32.239 --> 01:21:38.560
to vendors before their ultimate demise.
There's actually a company out there called credit

1077
01:21:38.680 --> 01:21:43.960
Safe that monitors things like this about
how fast you're paying your bills, And

1078
01:21:44.119 --> 01:21:49.199
right now they're saying that that are
paying their bills the slowest are Peloton Express

1079
01:21:50.119 --> 01:21:54.520
and Bath and body Works. Well, I didn't even know Bath and body

1080
01:21:54.560 --> 01:22:01.920
Works could still pay their THOUGHTM bed
Bathroom be Hertz down fifty percent in the

1081
01:22:02.000 --> 01:22:06.560
last twelve months, lost another seven
percent. On Friday, gold miss Acts

1082
01:22:06.680 --> 01:22:11.239
downgraded from a hold to a sale. Now I'm thinking, you've had it

1083
01:22:11.319 --> 01:22:14.960
for twelve months, it's gone down
fifty percent. Gold miss Acts has been

1084
01:22:15.039 --> 01:22:18.600
saying hand to it, handhood,
and now they're saying, seal, where

1085
01:22:18.640 --> 01:22:23.600
were you? Where were you fifty
percent ago. That's the only problem I

1086
01:22:23.640 --> 01:22:26.800
have with some of these analysts.
You know, their saying investors are not

1087
01:22:26.960 --> 01:22:31.720
pricing in near term pressures related to
their move to downsize the electric electric fleet.

1088
01:22:32.000 --> 01:22:38.319
And what I'm thinking is they have
twenty thousand Tesla that they're going to

1089
01:22:38.399 --> 01:22:44.680
offload and replace with gas powered Might
it be the value of those Tesla like

1090
01:22:44.800 --> 01:22:48.039
I talked earlier, Toddy have fallen
that much they could actually take a company

1091
01:22:48.159 --> 01:22:55.720
like Hertz and cause it some painage. Who knows. The Hershey company is

1092
01:22:55.880 --> 01:22:59.520
one of a position that I started
this week for a couple of clients,

1093
01:23:00.119 --> 01:23:03.760
the Hershey company being something that has
lost a lot of value due to the

1094
01:23:03.840 --> 01:23:10.640
cocoa price. The nands that we've
seen it was ten thousand dollars and just

1095
01:23:10.960 --> 01:23:13.760
a couple of years ago was at
two thousand per metric tons. So yeah,

1096
01:23:13.920 --> 01:23:15.840
you can see how that put a
lot of pressure on our margins as

1097
01:23:15.880 --> 01:23:20.479
a company. But you also realize
that they don't just sell chocolate. That's

1098
01:23:20.479 --> 01:23:24.199
obviously a big part of their business, but they have a good brand of

1099
01:23:24.279 --> 01:23:28.279
portfolio snacks, and so the idea
that you you know, you're buying it

1100
01:23:28.279 --> 01:23:30.840
at pretty low levels. It's sitting
right on it's two hundred weekly moving average,

1101
01:23:30.920 --> 01:23:34.680
So it's building a base here.
Sod did you tell me earlier this

1102
01:23:34.800 --> 01:23:39.840
week that coco is more expensive than
what I forget? Coco is more expensive

1103
01:23:39.840 --> 01:23:43.239
than copper car copper? Isn't that
crazy? That is crazy? That is

1104
01:23:43.359 --> 01:23:45.119
crazy, which is and Hershey had
it coming from two different sides. They

1105
01:23:45.199 --> 01:23:49.159
have the group that thinks that this
ozampiic thing is going to make everybody all

1106
01:23:49.199 --> 01:23:53.479
of a sudden healthy. I'm not
in that camp. Yeah, okay,

1107
01:23:53.560 --> 01:23:56.600
I don't think that's going to happen. I mean, I think if I

1108
01:23:56.720 --> 01:23:59.439
want to go and have, you
know, two big macs and then shoot

1109
01:23:59.479 --> 01:24:02.159
myself with some os, I'm not
gonna have ozampic and then go eat a

1110
01:24:02.159 --> 01:24:06.359
couple of three challengs. You know, I'm doing Osempics so I can live

1111
01:24:06.520 --> 01:24:10.920
my life the way I want to. Man, you know. Anyway,

1112
01:24:10.960 --> 01:24:14.680
we appreciate your listening. On this
Sunday morning, We've got one more segment.

1113
01:24:15.359 --> 01:24:17.159
If you haven't done your free financial
plan yet, get ahold of the

1114
01:24:17.199 --> 01:24:21.159
guys come on in. Do that. They're doing at least one a day,

1115
01:24:21.199 --> 01:24:25.399
sometimes two or three a day.
We'll be back right after this break

1116
01:24:25.760 --> 01:24:28.720
again. This is the Money Matters
Show. Here we go, everybody,

1117
01:24:28.840 --> 01:24:31.079
last segment of the Money by the
Show. We appreciate your listening. Remember

1118
01:24:31.119 --> 01:24:35.560
you can always go back and listen
more Money Matters with Dean Greenberg podcasts.

1119
01:24:36.199 --> 01:24:41.840
We're on every single platform, including
our website, YouTube, you name it,

1120
01:24:41.960 --> 01:24:45.319
we're there. So next week starts
quarter one earning reports. We've got

1121
01:24:45.359 --> 01:24:48.720
a couple ones that I'm interested to
see. The first one is Constellation Brands

1122
01:24:49.279 --> 01:24:54.600
STZ nearing an all time high,
bounced off of it when it was reaching

1123
01:24:54.680 --> 01:24:58.680
it their earnings. It's gonna be
interesting to see how canopy growth that and

1124
01:24:59.399 --> 01:25:02.520
help them out all? If anything? But also how did this beer trend

1125
01:25:02.600 --> 01:25:05.479
continue? Well? How to help
them? The stock was a two right,

1126
01:25:05.600 --> 01:25:08.640
yeah, and that was that?
What eight nine? But how does

1127
01:25:08.680 --> 01:25:12.560
that help them or their earnings or
their sales? Not at all. It

1128
01:25:12.640 --> 01:25:16.600
shows appreciation, but that's theyrell unless
you take it no, no, no,

1129
01:25:16.760 --> 01:25:20.199
no no. It still shows up
as UH as as part of UH

1130
01:25:20.680 --> 01:25:24.600
we're talking about earnings and revenue and
has no impact on either of those.

1131
01:25:25.119 --> 01:25:29.439
I agree with Dave. But how
does it not make an impact on the

1132
01:25:29.439 --> 01:25:32.279
stock though? If they own that
as an asset, and what you're doing

1133
01:25:32.520 --> 01:25:36.439
is you're valuing the asset of the
company and that's part of the ass Snippy

1134
01:25:36.479 --> 01:25:42.560
growth went from fifty dollars to three
and at that same time Constellation Brands was

1135
01:25:42.640 --> 01:25:45.800
hitting new all time heights. I
agree, but Dave, it was it

1136
01:25:45.000 --> 01:25:51.920
increases the value of their their stock
because just say just increases the balance it's

1137
01:25:51.960 --> 01:25:56.960
nine million increases their balance sheet,
but they don't report balance sheet in quarterly

1138
01:25:57.000 --> 01:26:00.680
earnings. They report revenue and that
income. Okay, but you're not going

1139
01:26:00.720 --> 01:26:03.960
to impact either of those. Okay. When someone is coming out like Intel

1140
01:26:04.199 --> 01:26:09.760
creating a new foundry, all right, does that impact? Isn't that you

1141
01:26:09.840 --> 01:26:12.359
know, speaking of them? That's
an a huture asset. Did you see

1142
01:26:12.399 --> 01:26:16.399
on Friday where Bloomberg said had visited
the plant and said that this new foundry

1143
01:26:16.560 --> 01:26:19.600
is going to be really good,
but there's no reason to own this stock

1144
01:26:19.720 --> 01:26:24.640
prior to twenty thirty. Yeah,
well, because prior to twenty thirty they

1145
01:26:24.680 --> 01:26:28.319
don't have room for bother other than
themselves for a long while. The stock

1146
01:26:28.479 --> 01:26:30.479
is going nowhere. This company's going
nowhere. This foundry is going to be

1147
01:26:30.520 --> 01:26:33.840
a big deal in twenty thirty.
Yeah, it was down, it broke,

1148
01:26:33.920 --> 01:26:40.800
it's yeah over stock dropped about what
fifteen percent in the last three days

1149
01:26:41.159 --> 01:26:45.640
last week, really got hammered.
And I actually had a client email me

1150
01:26:45.720 --> 01:26:48.119
Friday afternoons and there's just an entry
point and I don't think it is now

1151
01:26:48.199 --> 01:26:53.000
yet. Now I think we're into
technical. We talked about technical and fundamental.

1152
01:26:53.039 --> 01:26:57.159
I think now we're now we're into
technical with Intel, where fundamental is

1153
01:26:57.199 --> 01:27:00.159
broken and you have to wait for
technical for to build a new base,

1154
01:27:00.920 --> 01:27:04.479
probably somewhere in the middle thirties,
you know, with earnings coming around the

1155
01:27:04.520 --> 01:27:10.960
corner, that's a nice catalyst sometimes
to turn a stock around. It isn't

1156
01:27:11.039 --> 01:27:15.880
interesting that it's almost always earnings season. It takes about ninety days to get

1157
01:27:15.880 --> 01:27:17.800
all the reports out and then you
start again. Yeah, I mean,

1158
01:27:18.000 --> 01:27:21.600
I mean there's probably two weeks during
the year that are not quarterly earning,

1159
01:27:23.359 --> 01:27:26.319
and then we're talking about economic whis
the first one that's always reported? It

1160
01:27:26.439 --> 01:27:29.920
used to be Alca? I know, not anymore. What do you think

1161
01:27:29.920 --> 01:27:33.479
it used to Banks are reported first? No Alcohola always reported first for years

1162
01:27:33.479 --> 01:27:36.880
and years. They were always the
first was a first report, you know.

1163
01:27:38.600 --> 01:27:41.720
But I and now we'll gets who's
in there. They took out Walgreens

1164
01:27:41.760 --> 01:27:45.720
guests. Who's in the down now? But yeah, I am from what

1165
01:27:46.560 --> 01:27:55.039
right? Amazon? Yeah? Yeah, but that got to do with Alcola

1166
01:27:55.239 --> 01:27:59.000
was the top of the Uh.
They don't do Apple, they don't even

1167
01:27:59.039 --> 01:28:00.760
do earning sports like that anymore.
It seems like they're doing by industry.

1168
01:28:01.239 --> 01:28:05.039
I was just bringing up a point
to where we might have been banks next

1169
01:28:05.079 --> 01:28:10.840
week. But it's interesting because we
did receive some quarterly earnings refos last week

1170
01:28:11.119 --> 01:28:15.359
and Todd, you just mentioned Q
one earnings start next week. Yeah,

1171
01:28:15.680 --> 01:28:18.279
here we go again. I guess
if if we didn't have ernings, we

1172
01:28:18.279 --> 01:28:23.159
would't have anything to talk about.
The market wouldn't move. It would make

1173
01:28:23.600 --> 01:28:26.680
all these analysts the only thing that
they have to work on on these reports.

1174
01:28:26.720 --> 01:28:30.560
So yeah, it's just amazing.
I've been watching this Krispy Kream thing

1175
01:28:30.600 --> 01:28:33.239
that's kind of interesting. And we've
talked about McDonald's earlier. Dean, I

1176
01:28:33.279 --> 01:28:38.640
don't think you were hearing the McDonald's
franchise ee in Israel. Did you see

1177
01:28:38.680 --> 01:28:44.119
today Friday where McDonald's just going to
buy back they've been They've had two hundred

1178
01:28:44.119 --> 01:28:47.279
and two hundred and twenty five stores
over there for thirty years, this franchise

1179
01:28:47.359 --> 01:28:51.479
group. They're selling it all back
to McDonald's because the sales have dropped so

1180
01:28:51.600 --> 01:28:57.680
much because of the war. I
understand protest in protest, So again,

1181
01:28:57.760 --> 01:29:01.600
why is Israeli's not eating McDonald and
pro did McDonald's say something, no,

1182
01:29:01.680 --> 01:29:09.640
no, no, McDonald's people in
Israel protesting against what Israel is doing in

1183
01:29:10.039 --> 01:29:15.079
in Gada. So they're not big
becks. They're not buying Big Max.

1184
01:29:15.199 --> 01:29:23.680
Right, this company that's not buying
the bigs israelis The sale of McDonald's has

1185
01:29:23.760 --> 01:29:30.760
dropped so dramatically that a thirty year
franchise ee wants out Why because you'd have

1186
01:29:30.840 --> 01:29:33.039
to have them you have to ask
them. Want to be going to places

1187
01:29:33.119 --> 01:29:36.640
that can get your food out there? See help explain this to you?

1188
01:29:36.960 --> 01:29:41.880
How does a war make you want
to eat less food? Bigs? You

1189
01:29:41.920 --> 01:29:45.640
know? Chrispy Kreme announced last week
it Christmie Kreme announced last week that that

1190
01:29:45.800 --> 01:29:49.840
they're going to be in all of
McDonald's by the end of twenty twenty five.

1191
01:29:49.880 --> 01:29:54.039
Remember the stock Johns is not Israel. No, they're going to be

1192
01:29:54.079 --> 01:29:57.119
there. They're going to be there, but they're going to be company stores.

1193
01:29:57.439 --> 01:30:00.439
They won't be franchise stores. Right. I wonder how that that's gonna

1194
01:30:00.439 --> 01:30:02.439
help. I mean good, you
know what, Krispy I don't even know

1195
01:30:02.600 --> 01:30:08.760
Krispy Kreme. It's not even that
good at donut. I feel like you

1196
01:30:08.840 --> 01:30:11.319
might drive some people in for the
first you know, a couple of months

1197
01:30:11.399 --> 01:30:14.560
or something. The only the only
people it's good for are the drunk people

1198
01:30:14.600 --> 01:30:16.640
that go to McDonald McDonald's are like
twelve and you're like, oh, Krispy

1199
01:30:17.439 --> 01:30:21.439
Taco Bell has the best commercial.
Yeah, okay, because everyone thinks of

1200
01:30:21.520 --> 01:30:26.239
the tackle Bell when you're drunk and
after midnight, and they say, we're

1201
01:30:26.279 --> 01:30:29.560
gonna dispel that, you know what
I mean? And it's true because you

1202
01:30:29.640 --> 01:30:32.439
know, really, the people that
eat tackle Bell eat it because they get

1203
01:30:32.520 --> 01:30:36.159
full on less expensive food. Yeah, I would never eat talk about during

1204
01:30:36.199 --> 01:30:41.800
the day, you would it during
the day. There are a hundred commercials.

1205
01:30:41.840 --> 01:30:46.760
One hundred percent they could do it. So you're suggesting that the Taco

1206
01:30:46.880 --> 01:30:51.960
Bell is not good food unless you're
drunk. Correct say, with jack in

1207
01:30:53.000 --> 01:30:58.199
the box, I'm not picking those
jackets box tacos after after a long night

1208
01:30:58.439 --> 01:31:01.760
they hit the spot. They ever
seen the Taco John's stores. Taco John's

1209
01:31:01.760 --> 01:31:09.840
is no, it's another franchise.
It's like Taco Bell except one where huh

1210
01:31:10.359 --> 01:31:15.560
where are they South Dakota? But
I think they're actually one of us.

1211
01:31:15.600 --> 01:31:18.760
Have driven around a lot of places. I haven't seen any Taco john I

1212
01:31:18.800 --> 01:31:21.399
think there's a Taco John's and two
sons. I think there are Taco Johns.

1213
01:31:24.119 --> 01:31:26.560
Have to check it out. That'll
be if it is it's some way

1214
01:31:26.640 --> 01:31:29.720
we know about, that will be
one of the house was like Dave,

1215
01:31:29.920 --> 01:31:33.000
Taco John, right, they doesn't
stay up past seven, but it's but

1216
01:31:33.319 --> 01:31:39.960
it's almost, uh, it's a
taco bell for in places where there aren't

1217
01:31:39.960 --> 01:31:44.199
taco bells. So I grew up
in even wider version of taco bells.

1218
01:31:44.239 --> 01:31:47.279
What you're saying, another one,
what's the name of it? All taco

1219
01:31:47.479 --> 01:31:54.039
they'll tackle taco that's one. That's
another one they'll tackle and taco bell the

1220
01:31:54.239 --> 01:31:58.079
same thing. No, No,
because it's like you know, it's like

1221
01:31:58.119 --> 01:32:01.600
when you deal with a banyonais right, hellmans is Well, it's like miracle

1222
01:32:01.640 --> 01:32:05.279
with the East coast, and it's
like miracle with on the on the West

1223
01:32:05.319 --> 01:32:11.479
coast, there's not one Taco John. And in Arizona. Okay, all

1224
01:32:11.520 --> 01:32:13.560
right, well they may have gone
out of business. This is exactly when

1225
01:32:13.560 --> 01:32:15.800
I was. You're going, you're
going to South Dakota bringing us spec some

1226
01:32:15.960 --> 01:32:20.359
Taco John. You're not gonna want
taco No, you've had taco bell.

1227
01:32:20.439 --> 01:32:24.319
You don't want South Dakota, North
Dakota, Montana, Wyoming. Is that

1228
01:32:24.479 --> 01:32:29.680
it? In Florida? It's like, we don't have any audience. You

1229
01:32:29.720 --> 01:32:31.079
don't want a place to go in
the winter, right, throw that one

1230
01:32:31.199 --> 01:32:33.560
up. They don't want a place
to go in the winters. They building

1231
01:32:33.560 --> 01:32:39.279
down. Don't have any Haughties here. We have Carlo. I think we

1232
01:32:39.359 --> 01:32:41.760
do have a couple of Hardies.
We didn't have Hardies here. I haven't

1233
01:32:41.760 --> 01:32:45.279
seen HATI had car. Technically,
if you go to car allright, it

1234
01:32:45.399 --> 01:32:49.079
is true. That is true because
if you go to cars it still says

1235
01:32:49.119 --> 01:32:53.520
hardy's'm part of the menu. Rge
is here. Yeah, and and and

1236
01:32:54.079 --> 01:32:58.640
hawtis is u back Eastuck East.
Yeah. It's wild how they market to

1237
01:32:58.760 --> 01:33:01.560
different the same place to do place. But I guess Kirkland and Costco is

1238
01:33:01.600 --> 01:33:06.600
doing the same thing. Yeah,
I'm thinking that those uh Taco John's and

1239
01:33:06.800 --> 01:33:12.680
and Taco Bell and and uh Carlos
Jr. And the Heartys and they have

1240
01:33:13.039 --> 01:33:15.119
a zeppic stand out front. You
want to know a fun story about Taco

1241
01:33:15.199 --> 01:33:19.000
Bell. My grandpa was the one
that actually helped create the Chiloopa. So

1242
01:33:19.159 --> 01:33:21.720
he was a baker as well.
That's a specialty in life, and so

1243
01:33:21.880 --> 01:33:26.119
he had he would go with all
the you know caves. Anyone that had

1244
01:33:26.159 --> 01:33:29.840
bread that they needed toscend on a
regular basis. Well, you have to

1245
01:33:29.880 --> 01:33:31.960
have a baker to figure out how
to keep the bread from expiring when you

1246
01:33:32.039 --> 01:33:34.319
have to transport it, but still
have the taste at the end of the

1247
01:33:34.399 --> 01:33:38.600
day. And he created helped create
the Chiloupa. Did you ever watched that

1248
01:33:38.720 --> 01:33:42.800
show on the History Channel The Foods
that Made America Great and the Machines that

1249
01:33:42.840 --> 01:33:46.479
Made America Great? Those are great
shows. A lot about one about the

1250
01:33:46.840 --> 01:33:49.880
tacos and I'm trying to taco bell. Thing was was very interesting. What

1251
01:33:49.880 --> 01:33:55.600
would you say, is the American
like the food that everyone hot dogs remburger?

1252
01:33:57.439 --> 01:34:00.600
I'd have to say one of those
two Hamburgers are hot hot dogs?

1253
01:34:00.680 --> 01:34:02.720
Yeah, I think hot dogs always
considered to because you a ballpark, what

1254
01:34:02.760 --> 01:34:09.520
do you eat? Fourth, it
was associated are right there burgers and dogs.

1255
01:34:09.640 --> 01:34:12.960
But burgers is like borderline Germany.
You know, you're like you're almost

1256
01:34:13.000 --> 01:34:16.840
Germany right there because started Hamburgers.
Hot dogs are associated with a with the

1257
01:34:16.920 --> 01:34:20.920
sports that is no longer than National
Pastime Dogs and dogs. Man, those

1258
01:34:20.960 --> 01:34:25.399
dirty water hot dogs on the street, they were great little snap to them.

1259
01:34:25.479 --> 01:34:30.600
Some Bretts sap. Oh, yeah, when you into it. Nathan's

1260
01:34:30.920 --> 01:34:38.840
great too. What about Portillo's Chicago? Okay, on the on the bunds

1261
01:34:40.479 --> 01:34:44.960
sports there. I love that.
I first heard about them from a client

1262
01:34:45.039 --> 01:34:46.520
of our Dude when they came public, he goes, oh my god,

1263
01:34:46.560 --> 01:34:48.840
they're public. I've got to have
some of that. It's the greatest thing.

1264
01:34:48.920 --> 01:34:53.279
Ever, It's not that good.
I've never been there. New York

1265
01:34:53.520 --> 01:34:59.479
Dogstela is Chicago? Something? Icago? Chicago? Why Chicago always behind?

1266
01:35:00.039 --> 01:35:03.239
Exactly? Okay, they put so
much stuff on it's like hot dog.

1267
01:35:03.479 --> 01:35:10.239
Okay, up on that one.
You're gonna do a lot of people.

1268
01:35:10.640 --> 01:35:15.279
I cannot eat mayonnaise on that catch
up and busted and what else is on?

1269
01:35:15.680 --> 01:35:18.199
Nothing is in the hospital right now, so please, I think I

1270
01:35:18.640 --> 01:35:23.079
think, I think I worry more
about what's in it then what's on top

1271
01:35:23.079 --> 01:35:27.000
of it. I love those hot
dogs. Frankly, just get Hypo National

1272
01:35:28.399 --> 01:35:31.039
National. Keep the kosher, keep
it kosher, keep it clean. All

1273
01:35:31.119 --> 01:35:39.560
right, Well that was a wasted
segment of our food. Yeah. Sorry,

1274
01:35:40.039 --> 01:35:42.520
we'll be back next week. Okay, guys, where your money matter

1275
01:35:42.640 --> 01:35:45.319
is. Remember you want that free
financial plan. All you got to do

1276
01:35:45.439 --> 01:35:47.880
is call us, so contact us
through the email or whatever. Website.

1277
01:35:48.000 --> 01:35:51.800
Will Will will absolutely help you out. Uh, it's really important that you

1278
01:35:51.880 --> 01:35:55.680
start planning. There's gonna be a
lot of changes going on over the next

1279
01:35:55.720 --> 01:35:59.720
six, seven to eight months.
Be prepared back next week where your money

1280
01:35:59.760 --> 01:36:03.680
matters. Be healthy, be happy, and we all want to strive to

1281
01:36:03.760 --> 01:36:09.880
be all to you next weekend.
Mm hmm