[SPEAKER_02]: This is Invest Talk, from KPP Financial, helping investors make sense of the markets one day at a time.

[SPEAKER_02]: Here's your host, Justin Klein.

[SPEAKER_01]: Good afternoon, and welcome back to the latest edition of Invest Talk.

[SPEAKER_01]: This is our Friday July 24th, 2026 edition, and excited for this hour with you to close out a very interesting week.

[SPEAKER_01]: A week of a lot of big earnings announcements, continue geopolitical volatility, commodity volatility, bond market volatility, and that's not as much, but definitely a lot of that.

[SPEAKER_01]: So, a big week that we just finished up, I'm here to close it out strong with you.

[SPEAKER_01]: But just like every show, our goal is to answer your finance and investment questions into the end, make you a better investor.

[SPEAKER_01]: So that you can take the data and perspective back to your own personal situation, not rely on just me or Luke or really any one person except yourself yourself so that you can make better decisions consistently not just one time not here to get a tip it's about learning the principles of good sound financial management.

[SPEAKER_01]: Now, just a bit, I'm going to talk about today's Mark performance and run down the show topics.

[SPEAKER_01]: But first, let's tackle this, call a question now.

[SPEAKER_06]: Hey, Justin and Luke, this is Justin here in Colorado.

[SPEAKER_06]: I was looking at Camico, Charlie Charlie Juliet, interested in buying it.

[SPEAKER_06]: It looks like it's come down over the past couple months.

[SPEAKER_06]: Want to see if they thought this is a good investment.

[SPEAKER_06]: Thanks for the show.

[SPEAKER_01]: All right, looking at Camico, CCJ is the symbol, domestic symbol, so Toronto, or it's a song of Toronto exchange.

[SPEAKER_01]: But also listed on the NYC.

[SPEAKER_01]: The, it leads to a second largest uranium miner, but the really the largest uranium miner that you can purchase easily on major exchanges here.

[SPEAKER_01]: They also bought Westinghouse Electric Company, which provides nuclear reactors.

[SPEAKER_01]: They bought a bankruptcy some years ago.

[SPEAKER_01]: So it's no longer just a pure play uranium company that gives it a bit of diversity, especially in the age when the demand for energy is just going up and up and up with AI and...

[SPEAKER_01]: obviously domestic energy consumption rising for increased industrial demand, not just AI, restoring manufacturing, for example.

[SPEAKER_01]: What's interesting here is that Westhinghouse is about 50% of its revenue.

[SPEAKER_01]: Now, however, it's still about only 5% of its operating income.

[SPEAKER_01]: So yes, it's

[SPEAKER_01]: has a lot of revenue there.

[SPEAKER_01]: But Uranium is still what makes the bulk of their money.

[SPEAKER_01]: So understand that.

[SPEAKER_01]: It has come down.

[SPEAKER_01]: It's a name we've owned for clients for a long time.

[SPEAKER_01]: I think since the 20s was in the 20s, it's 87 now.

[SPEAKER_01]: But it's after a high of 135 just earlier this year.

[SPEAKER_01]: So definitely a large pullback, but I think it is that good support here.

[SPEAKER_01]: really for most of the year, the pick it up for new clients, and we just recently started picking it up for new clients.

[SPEAKER_01]: Now, it's long term, very bullish on uranium.

[SPEAKER_01]: Most importantly, the cost of production still is higher than the current price of uranium.

[SPEAKER_01]: So there's not a lot of new uranium coming on because of that, which means that prices are likely to go up

[SPEAKER_01]: Anyway, the great show yesterday, we looked into the story.

[SPEAKER_01]: Dollar versus emerging market currencies, the safe haven rally a trap.

[SPEAKER_01]: I discussed how the US dollar has been gaining ground as investors flee the safety for the strong dollar has its own sets of consequences.

[SPEAKER_01]: We also answer those questions on CF industries.

[SPEAKER_01]: If you haven't missed it, go check it out.

[SPEAKER_01]: That's why to get every show is to follow and best talk wherever you get your podcasts.

[SPEAKER_01]: Now, we've a lot of ground to cover.

[SPEAKER_01]: Over the next 45 minutes or so, I mean, folks, point is about the feds impossible position.

[SPEAKER_01]: War inflation versus rate cuts with all prices spiking again, gas crossing $4 a gallon and most of the country, those are faces in nightmare scenario where energy driven inflation to force rate hikes even as the economy shows signs of slowing.

[SPEAKER_01]: So look at this push and pull and what it might mean for the macro environment and investors as a whole.

[SPEAKER_01]: We're going to look at oil inventories.

[SPEAKER_01]: How close are we to a major spike in oil?

[SPEAKER_01]: We're going to look at that.

[SPEAKER_01]: And then we'll take a look at private equity.

[SPEAKER_01]: You know, it's one of my favorite topics, because it's kind of boiling underneath the surface.

[SPEAKER_01]: And so many retail investors have been talked into buying it by their brokers at the major investment houses, the Morgan Stanley

[SPEAKER_01]: and does have systemic potential problems underneath the surface.

[SPEAKER_01]: So we'll talk about that.

[SPEAKER_01]: We also have questions, voicemail questions about various messed up options, as well as dover corporation, DOV, and of course questions that came in via the comments section on the invest stock YouTube channel.

[SPEAKER_01]: Now we're going to do a quick break, please remember you can call any time, and leave your question on the Invest talk voice bank.

[SPEAKER_01]: If you listen via our live stream or possibly an aim, they'll tell you in the day where you can go right now, at 8.99, chart.

[SPEAKER_01]: Hang on, because I plan to talk about today's market activity in the next second.

[SPEAKER_02]: There are a few things that make KPP financial special.

[SPEAKER_02]: One of them is parallel investing.

[SPEAKER_02]: This means they invest right alongside their clients.

[SPEAKER_02]: Here's how it works.

[SPEAKER_02]: When KPP financial makes a trade for their clients, just in client makes the same trade for himself and KPP.

[SPEAKER_02]: On the same day, at the same price and same percentage,

[SPEAKER_02]: No front running, no special treatment.

[SPEAKER_02]: Learn more about Parallel Investing at Investalk.com.

[SPEAKER_01]: Let's go check in on a very interesting market to close the week.

[SPEAKER_01]: We had the NASDAQ suffering once again, large cap growth down nearly 2% on the day, but mid cap value, for example, is up 1.3% of the day.

[SPEAKER_01]: So that continued market rotation we are talking about is not stopping.

[SPEAKER_01]: Really it was a sell-off in the major chip names and mostly the major memory companies.

[SPEAKER_01]: These are the companies that I was talking about for the last couple of weeks, let me call it month, saying, these prices have gotten way ahead themselves, they're very sick of the little business.

[SPEAKER_01]: And they say we're gonna make a lot of money in the short term, but odds are extremely high that that won't mean revert very rapidly.

[SPEAKER_01]: And so we'll stock, and that's what you're seeing right now, you had micron down, 7% sandists down, about 11 C.8 down, 6.6 Intel, had pretty good earnings, but down around 8%

[SPEAKER_01]: And then you had names like plot materials and land research, the chip, the equipment manufacturing companies, those struggle, and that's really what was was pulling the market down, at least the NASDAQ overall.

[SPEAKER_01]: Yes, and P was still up.

[SPEAKER_01]: slightly, only five basis points, fell positive.

[SPEAKER_01]: Dow was up about a half percent on the day.

[SPEAKER_01]: It was interesting as you had some nice moves out of the software names.

[SPEAKER_01]: Adobe up six into it up five, service now up seven and a half.

[SPEAKER_01]: So definitely a rotation showing that the AI trade, the fixing shovels, the attack around AI infrastructure, is certainly mean, reverting.

[SPEAKER_01]: And was itching as you're seeing more cell-offs in the Elon companies, Tesla, and SpaceX down over 2% on the day, Amazon down slightly, metadown as well, Apple up 3.5% of the day, definitely the strongest of the mag 7.

[SPEAKER_01]: But the rest of the market fairly green, the financials were broadly green, so very interesting on that front.

[SPEAKER_01]: Now what happened elsewhere?

[SPEAKER_01]: Treasure your best genre user down about one to three basis points.

[SPEAKER_01]: So after a pretty big sell off and treasures for most of the week, get a little bit of a bounce to close the week.

[SPEAKER_01]: Dollar was flat, gold ended up about a half percent silver up 1.5, but Bitcoin continues to struggle down 1 percent.

[SPEAKER_01]: Gibby Tech grew down 3.1, but still relatively elevated move on the week as a whole.

[SPEAKER_01]: So, we'll see what happens over the weekend.

[SPEAKER_01]: We know President Trump likes to go big, any in the middle east over the weekend, and then kind of com things down by the time the market opens on Monday.

[SPEAKER_01]: We'll see if that pattern continues as we move through the weekend.

[SPEAKER_01]: Let's take a live call, Victor from Illinois.

[SPEAKER_05]: How you doing today?

[SPEAKER_01]: Good.

[SPEAKER_05]: Good.

[SPEAKER_05]: I'm calling in.

[SPEAKER_05]: There's a ticker symbol that I'd like to get your opinion on.

[SPEAKER_05]: I have a holding of it in my portfolio.

[SPEAKER_05]: It's going to a pretty decent size.

[SPEAKER_05]: But the ticker symbol is OS.

[SPEAKER_05]: CR for Oscar health okay and what is the diet what what what what do you like for all the company so I bought it um probably the earlier this year I have my average cost of like around $12 so I'm up over a hundred percent on my position and I I've sold a few shares because obviously it's a good amount of gain so I sold probably about a third of my position originally and I still have a significant

[SPEAKER_05]: portion, and it's recently been consolidating, and so I'll just wondering what your opinion is if I should cut some more of it.

[SPEAKER_05]: hold on to it or if they're the position I should look at to re-add.

[SPEAKER_01]: Yeah, well, good bye.

[SPEAKER_01]: Nice buying it around 12, which was near the lows in April.

[SPEAKER_01]: Now he said it's moved up higher.

[SPEAKER_01]: It hit a recent high around 32, but now it's down to 28.

[SPEAKER_01]: So these some pullback losing a bit of momentum down 2.

[SPEAKER_01]: 1.5% on the day today, down 1.5% after hours as well.

[SPEAKER_01]: So you're definitely seeing some weakness.

[SPEAKER_01]: The profitability is still negative enough for everyone out there.

[SPEAKER_01]: There are a small health insurance company.

[SPEAKER_01]: There are markets only about 8 billion.

[SPEAKER_01]: Okay, gold Oscar health, OSCR is a symbol.

[SPEAKER_05]: Yeah.

[SPEAKER_01]: And if you go look at the numbers here, cash flow, about 2.8 billion, which is very high.

[SPEAKER_01]: Is that why you bought it?

[SPEAKER_01]: Was that strong cash flow?

[SPEAKER_05]: Yeah, the strong cash flow, and then they, well, they're most recent earnings after I bought it.

[SPEAKER_05]: They actually raised their end of your guidance, which actually really helped kind of push it up higher.

[SPEAKER_05]: And I also had bought it because you are, at the time, now recently, you start talking about like the healthcare sector and money rotating back into it.

[SPEAKER_05]: And United Health has also been doing pretty good recently.

[SPEAKER_05]: So I'm wondering if I should,

[SPEAKER_05]: kind of either increase my exposure through this smaller company seeing that they raise their guidance and are looking pretty good long term now, but I'm just like a little unsure if I should.

[SPEAKER_01]: Yeah, quick question or quick question.

[SPEAKER_01]: I mean, first off, I would probably at least trim it at this level.

[SPEAKER_01]: It's definitely losing momentum historically.

[SPEAKER_01]: Their profitability is pretty meager.

[SPEAKER_01]: I do like their cash flow and how that's going up.

[SPEAKER_01]: My bigger question would be what is driving that momentum.

[SPEAKER_01]: They were losing money for a number of years.

[SPEAKER_01]: What is their differentiator?

[SPEAKER_01]: If you're confident that they're differentiator,

[SPEAKER_01]: is going to hold, they're going to continue to gain subscribers, then I would be more apt to hold a larger piece, but in the short term, it is losing momentum, I would probably at least cut into half from where you are now and rebalance it lower to a more reasonable weighty.

[SPEAKER_01]: Thanks for the call.

[SPEAKER_01]: We're heading to a break.

[SPEAKER_01]: I'm ready for your calls now at 8.99 chart.

[SPEAKER_02]: It's official.

[SPEAKER_02]: Total lifetime downloads for the Invest Talk podcast are now more than 63 million.

[SPEAKER_02]: Justin Klein is here now taking your calls live.

[SPEAKER_02]: Invest Talk 888-99 chart.

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[SPEAKER_09]: to assemble that you've talked about in the past that way I don't ask a lot of them and they just talked about and I don't always remember the ones that you talk about.

[SPEAKER_01]: Yeah, yeah, that's a great question.

[SPEAKER_01]: Actually, if you go over to our website and you click on our podcast page on our website, you can actually, there's a podcast player there.

[SPEAKER_01]: And you can, I think you can search it, but you can definitely click on the more and you'll see every sticker that we talked about in that particular show.

[SPEAKER_01]: So, none of you can search it.

[SPEAKER_01]: That's a good question.

[SPEAKER_01]: Yes, I guess you can, if you click on more for all of them, you can then search the page and then find, take your symbols, if you're looking at a certain one.

[SPEAKER_09]: Okay, great.

[SPEAKER_09]: The tip I'm actually asking for is L-I-T-E, Luminism.

[SPEAKER_09]: I want to say I remember some of you talking about, but I'm just wondering, just looking for a buy point, if you think it's a good company to hold.

[SPEAKER_01]: I'd say it definitely called about it in the past.

[SPEAKER_01]: I don't know if the recent past, right?

[SPEAKER_01]: Obviously these things change over over many months.

[SPEAKER_01]: But Lou Mentum, still same company.

[SPEAKER_01]: They manufacture optical and photonic products.

[SPEAKER_01]: earnings are accelerating to nearly $18 per share next year, which,

[SPEAKER_01]: And let's see, seven or six years, a share.

[SPEAKER_01]: Now, what does that multiple?

[SPEAKER_01]: That's still pretty high, right?

[SPEAKER_01]: You're talking over a fifth-hand time for looking earnings.

[SPEAKER_01]: That's pretty expensive.

[SPEAKER_01]: Now, they, yeah, sell estate lasers, cool class, fiber lasers, all-cha-fast lasers.

[SPEAKER_01]: So it's in the business of lasers.

[SPEAKER_01]: and industrial applications of those cloud networking, all of that.

[SPEAKER_01]: So it's in the heart of the AI data center, build out.

[SPEAKER_01]: Here's my issue, is that even with all the great moments of their business earnings issue, it's supposed to be $8.23.

[SPEAKER_01]: Cashflow was negative as of the fall of last year.

[SPEAKER_01]: Excuse me, as of year end, it was negative 29 million,

[SPEAKER_01]: Now, it's positive 150 million you're looking at, let's see, free cash flow.

[SPEAKER_01]: Excuse me, last quarter, 79 million.

[SPEAKER_01]: Sure, it's definitely on the rise.

[SPEAKER_01]: But based on the value and the market cap of 55 billion dollar market cap, that's not good enough for cash flow for me.

[SPEAKER_01]: Honestly, now it's profitability's very high,

[SPEAKER_01]: It's profits worth $6.5 to $22.

[SPEAKER_01]: Then I only made a dollar one in 2024.

[SPEAKER_01]: So it's up and down, the momentum is waning just like the entire AI space.

[SPEAKER_01]: Let me give you, I wanna give you a technical support because that's really how you're gonna have to play this because the momentum certainly is head to the other way.

[SPEAKER_00]: Ooh.

[SPEAKER_01]: 445, 445.

[SPEAKER_01]: That's the area that I would think about picking it up.

[SPEAKER_09]: Okay.

[SPEAKER_09]: Don't it.

[SPEAKER_09]: Thank you.

[SPEAKER_09]: I appreciate your assessment.

[SPEAKER_01]: No problem.

[SPEAKER_01]: Thank you for the call.

[SPEAKER_01]: Let's swing back to the investment like voice bank.

[SPEAKER_01]: You know the number?

[SPEAKER_01]: Call any time and eight and eight ninety nine chart.

[SPEAKER_08]: afternoon, Justin and Luke.

[SPEAKER_08]: Chuck from Clayton.

[SPEAKER_08]: Love this show.

[SPEAKER_08]: Got a question about solventum.

[SPEAKER_08]: F's and Sam.

[SPEAKER_08]: O was an ocean.

[SPEAKER_08]: Ellison Lincoln.

[SPEAKER_08]: I got a bunch of stocks, I kind of like the medical aspect of it because I don't have much medical in my portfolio, but right now it's about 1% of my portfolio and I'm debating, do I sell it and look somewhere else, do I up at 3% or just sit on it for a while and see where it goes.

[SPEAKER_08]: Again, whatever you can give me on, solventum and your thoughts on a new spinole.

[SPEAKER_08]: Thank you for your time.

[SPEAKER_01]: All right, looking at sole ventum.

[SPEAKER_01]: See, earnings are supposed to be $6.55 this year, 710 next year, but it made $8.45 back in 2021.

[SPEAKER_01]: It looks like it's spun off in 2024.

[SPEAKER_01]: The stock's just been kind of okay.

[SPEAKER_01]: It's been a general uptrend.

[SPEAKER_01]: But

[SPEAKER_01]: not blowing the socks off of anybody, but a solid name, 13 billion dollar market cap, let me look at their balance sheet here, but it's in the health care space, decent balance sheet, negative free cash flow, but return equity solid about 32 percent, no dividend yield, earnings up 7% this year, 8% next year.

[SPEAKER_01]: I'd have to look at your health care exposure overall.

[SPEAKER_01]: Profit metrics are good.

[SPEAKER_01]: I don't love that free cash flow number, but that can mean a lot of things.

[SPEAKER_01]: I don't know.

[SPEAKER_01]: I just think they're better options out there to be honest with you.

[SPEAKER_01]: So I'm going to pass and solvent if you're looking at the healthcare space, I just were finding much better opportunities than this.

[SPEAKER_01]: Thanks for the call.

[SPEAKER_01]: Now the next investor talk we're looking to the story.

[SPEAKER_01]: Gas prices, going up in 206, what the $4 putt means for your portfolio, US gas prices across the $4 per gallon market again, as the ongoing conflict in the US and Iraq can use the rattle energy markets in the straight-over-muse under the threat and take your traffic dropping.

[SPEAKER_01]: Investors need them to know how this ripple effect reaches their wallets.

[SPEAKER_01]: So we'll talk about that in more on Monday.

[SPEAKER_01]: But for now, I'm Justin Klein, and ready to take your calls anytime and eight and nine chart.

[SPEAKER_01]: at KPP Financial.

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[SPEAKER_01]: Through our parallel investing approach, when we recommend an investment for clients, one or more KPP principles invest their own capital at the same time.

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[SPEAKER_02]: Justin Klein is here now.

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[SPEAKER_02]: Invest talk.

[SPEAKER_02]: 888-99 chart.

[SPEAKER_01]: It is 99 chart.

[SPEAKER_01]: It is 992-4278.

[SPEAKER_01]: It is number OEs to get through and ask your question.

[SPEAKER_01]: Let's talk about our main focus point.

[SPEAKER_01]: That is the battle going on inside the Federal Reserve because of higher inflation, sticky inflation, for various reasons.

[SPEAKER_01]: It's not just the war in Iran.

[SPEAKER_01]: That's pushing energy prices up, but there are other factors as well, which we'll get into.

[SPEAKER_01]: And then the pressure obviously politically to cut rates from the White House.

[SPEAKER_01]: So the question is what direction will they go?

[SPEAKER_01]: If I'd inflation, are they going to appease?

[SPEAKER_01]: President, we'll see.

[SPEAKER_01]: Now overall, the June CPI number actually fell a little bit, really driven by gas prices.

[SPEAKER_01]: As the biggest driver of the drop in CPI, all of the CPI still remains pretty elevated, well above the two percent target.

[SPEAKER_01]: Still north of three.

[SPEAKER_01]: Gasoline prices fell 76 cents.

[SPEAKER_01]: from their peak on May 20th until the end of June, which is very impactful.

[SPEAKER_01]: It's subtracted 42 basis points from CPI.

[SPEAKER_01]: So if gas prices stay the same, you'd have once again pushing towards a 4% inflation.

[SPEAKER_01]: Then you look at things like services.

[SPEAKER_01]: Service inflation remains elevated.

[SPEAKER_01]: Even core inflation looks sticky kind of around 3%.

[SPEAKER_01]: And while gasoline prices, I know what price is at the very volatile.

[SPEAKER_01]: I'm simply going to see a tailwind to inflation data for the month of July.

[SPEAKER_01]: Now that rates are going up again.

[SPEAKER_01]: But all of the inputs to the industrial base from things like

[SPEAKER_01]: Impacted by what's going on in the least, that's starting to feed into the broader economy.

[SPEAKER_01]: You'll look at PMI prices, delivery times, shipping cost.

[SPEAKER_01]: They all point to a building pipeline and pressure in core goods.

[SPEAKER_01]: And then there's the AI story.

[SPEAKER_01]: Computer prices are likely to be continued to go up.

[SPEAKER_01]: We saw Apple, raised their cost to the MacBook and iPads, there's also rumors that the new iPhone Pro that's going to be announced

[SPEAKER_01]: Probably in September, we'll have a $100 or $200 bump from their previous price, why?

[SPEAKER_01]: Because of the cost of the memory, we know that they're trying to get approval to sell iPhones with Chinese memory, Chinese made memory, that's usually banned.

[SPEAKER_01]: That would only go into phones that are also sold in China.

[SPEAKER_01]: But still, trying to find ways to ease the pressure of high memory prices.

[SPEAKER_01]: And just,

[SPEAKER_01]: hard were prices across the board, so that's going to be another tailwind to inflation.

[SPEAKER_01]: Especially in an era when, you know, our entire world runs on these devices, then there's a tariff aspect, which you're starting to see is a push through to higher cost for professional services, big of doctors, dentists, ophthalmologists.

[SPEAKER_01]: Why?

[SPEAKER_01]: Because the cost of the things they need to do their job are going up.

[SPEAKER_01]: The cause and the tape and everything that they use to run their practices, those important costs are going up because of tariffs.

[SPEAKER_01]: I mean, they were those tariffs were deemed illegal, but now they're pushing those through once again, the other means.

[SPEAKER_01]: So I think that still a tailwind in the background was interesting.

[SPEAKER_01]: And it was talking about one of the reasons why actually the inflation on the tariff side wasn't quite as bad as everyone expected is that a lot of manufacturers started to trade down in quality.

[SPEAKER_01]: So they skimped on the quality of the inputs for those devices or those end products in order to counter the higher import costs.

[SPEAKER_01]: Pretty interesting.

[SPEAKER_01]: Once again, cornflation is going to remain sticky around 3% services as well.

[SPEAKER_01]: The big question is, what does the Fed do about this?

[SPEAKER_01]: Right now, the market is expecting one to two rate hikes.

[SPEAKER_01]: Remember going into the year, we were at two rate cuts.

[SPEAKER_01]: It's a very different environment.

[SPEAKER_01]: And now, there's about a 40% chance.

[SPEAKER_01]: This is very interesting, and I think one of the reasons why you've seen rates go up recently is that there's a 40% chance that the Fed will raise rates next week.

[SPEAKER_01]: Next week, that's what we can Kevin Worst is kind of, plus just not a lot of guidance for the market.

[SPEAKER_01]: So,

[SPEAKER_01]: By your end, now is a 40% chance of two rate hikes.

[SPEAKER_01]: Now I still don't think they'll do it.

[SPEAKER_01]: I think they're still going to wait for more data to come in.

[SPEAKER_01]: The June number probably wills enough to say everything is okay, even though now it will prices are resurging.

[SPEAKER_01]: But this isn't a Fed that's very clear on what they want to do.

[SPEAKER_01]: There are major banks like Bank of America that are saying they're going to raise rates three times this year.

[SPEAKER_01]: There are others like LPL that say,

[SPEAKER_01]: There won't raise rates at all, but to now in your end.

[SPEAKER_01]: But either way, what you have to understand is that this is a sticky inflationary environment.

[SPEAKER_01]: What they do is anyone's guests.

[SPEAKER_01]: But ultimately, this is an era where you have to keep your duration short.

[SPEAKER_01]: You have to understand that.

[SPEAKER_01]: You can have major cell-offs in growth-ear names, like kind of what you're seeing right now.

[SPEAKER_01]: Without a recession, like you didn't 20, too.

[SPEAKER_01]: And I think we're creeping up on that potential moment.

[SPEAKER_01]: And the best I've voiced bank never closes, so your finance investment questions keep coming.

[SPEAKER_01]: This one came earlier today on A to D, 90, nine chart.

[SPEAKER_04]: Hey guys, great show.

[SPEAKER_04]: Listen to it pretty much every day.

[SPEAKER_04]: I have a question about my 401k to my employer.

[SPEAKER_04]: been contributing for about four years, well since I've been with my employer.

[SPEAKER_04]: And up till now, I've had everything going into a targeted fund.

[SPEAKER_04]: Now, I've been looking at some other investment options that I have, and there are two international funds that I can choose from.

[SPEAKER_04]: One is the MFS International Equity Fund 3B, and the other is the Spartan Global XUS Index Pool class D.

[SPEAKER_04]: I can't actually find much information about either one of these, but for what I can find the Spartan ones seems maybe to be a little bit better, so I just wondering which one of those you would choose, and also how much would you recommend that I allocate within my 401k contribution?

[SPEAKER_04]: And keep in mind, I've

[SPEAKER_04]: only been contributing to a targeted fund up until now.

[SPEAKER_04]: So maybe I should go a little bit extra for a few months or maybe a year or two to bring up the international exposure, or if I should just choose a set percent and forget about it.

[SPEAKER_04]: So anyway, I'd love to hear your opinion.

[SPEAKER_04]: Thanks a lot for everything you do.

[SPEAKER_04]: Bye-bye.

[SPEAKER_01]: Alright, looking at the MFS International Equity Fund class 3D.

[SPEAKER_01]: This one's very interesting, because I've never seen this.

[SPEAKER_01]: It was born in star for mutual funds.

[SPEAKER_01]: It's kind of the best data provider on that front.

[SPEAKER_01]: It has a one star, but they have it as a gold fund, which is quite interesting to me.

[SPEAKER_01]: The go look at the performance, the three years, one around three years.

[SPEAKER_01]: It's pretty bad, 94th percentile.

[SPEAKER_01]: This isn't just thing.

[SPEAKER_01]: Just trying to find as much data as I can.

[SPEAKER_01]: I'm just trying to find.

[SPEAKER_01]: So yeah, I mean, that one's okay.

[SPEAKER_01]: Okay, the other one is, so some of these, when you're looking at 401k's, oftentimes you get,

[SPEAKER_01]: Funds you can't really buy elsewhere.

[SPEAKER_01]: So what I always say, this is what I say for everybody out there, you should always know when I'm in maybe don't take advantage of it or not, but you should know if you can opt into it's called the self-requered brokerage account, they call it brokerage link at fidelity.

[SPEAKER_01]: We manage a lot of 401k's through that, which we cut the clients through fidelity, they're often the brokerage link and then we can buy kind of whatever we want for clients, or you could buy whatever you want as well.

[SPEAKER_01]: I can't get, I don't have much data on that second one, but the MFS International Fund, that one is honestly not that great.

[SPEAKER_01]: That's my issue.

[SPEAKER_01]: It was the performance over V, and let's see, I'm looking at different time frames.

[SPEAKER_01]: Yeah, it hasn't really been that great.

[SPEAKER_01]: The five year, quartile 78%, which means 78% of funds have done better than this.

[SPEAKER_01]: your company to see if you can get some better options here.

[SPEAKER_01]: I need to look at the Spartan one and look at performance relative.

[SPEAKER_01]: You can get performance relative to its peers peer group.

[SPEAKER_01]: And if it's in the top core tile, then I would probably think about buying it.

[SPEAKER_01]: But I would probably have at least 20% of your portfolio in foreign stocks or foreign equities.

[SPEAKER_01]: Now in Friday, we generally make time to quick run down to some key benchmark numbers.

[SPEAKER_01]: So let's do that right now.

[SPEAKER_01]: The two-year yield was at 4.33% last week, 4.16% so nice little move there.

[SPEAKER_01]: In the two-year treasury kind of reflects what I was saying, the Fed expectation or the market expectation of a potential Fed rate hike next week.

[SPEAKER_01]: That's huge.

[SPEAKER_01]: Ten-year treasury yield, 4.67 last week, 4.5, four, that's up 13 basis points in one week.

[SPEAKER_01]: This will feed into mortgage rates, for example.

[SPEAKER_01]: Let's see where mortgage news, mortgage news daily is where I usually go, kind of real time rate outlook here, but you're fixed.

[SPEAKER_01]: There we go.

[SPEAKER_01]: Yeah, I mean, we're at six points, eight, five.

[SPEAKER_01]: 25.

[SPEAKER_01]: So pushing back towards 7 on the 30 year mortgage rate.

[SPEAKER_01]: Definitely going to impact the housing market.

[SPEAKER_01]: Gold prices, $4,056 an ounce.

[SPEAKER_01]: I $44 increase from last week's you starting to get some juice here, from gold.

[SPEAKER_01]: and the precious metal market, still way up from where it was about a year ago, where it was about $3,300 an ounce, and now, like I said, a little bit above $4,000.

[SPEAKER_01]: Silver, 5825 an ounce, a $2, and 19 cents increase compared to last week.

[SPEAKER_01]: So Silver started to give it juice as well, and still well higher than it was just a couple of years ago, when it was in the low 20s.

[SPEAKER_01]: oil.

[SPEAKER_01]: We read it on $90 per barrel, $89.75, $7.3 increase compared to last week's nearly a 10% rise in oil overall.

[SPEAKER_01]: And that's feeding into gasoline prices down now over $4 a gallon for 10 of the national average, a 12-centing increase compared to one week ago.

[SPEAKER_01]: And what are we just the fears back we were in the low threes.

[SPEAKER_01]: Now in California,

[SPEAKER_01]: We're averaging five, 56 a gallon, is 16 sending increase compared to one week ago.

[SPEAKER_01]: For comparison, in North Carolina, you, if you're listening from North Carolina, you're still below that $4, level up $3.81.

[SPEAKER_01]: So that was some quick rundown of some major market numbers as we close out this Friday.

[SPEAKER_01]: Let's go pivot to another listener question from A to 899 chart.

[SPEAKER_07]: Hi, good afternoon, Luke and Justin.

[SPEAKER_07]: This is Rob calling from Las Vegas.

[SPEAKER_07]: In my quest to branch away from some of the mag seven aims, I was looking at dover corporation, ticker symbol D O V for industrial exposure.

[SPEAKER_07]: That I picked up about half a position back in November.

[SPEAKER_07]: Yesterday, after a slight earnings miss it fell,

[SPEAKER_07]: I don't think it's a falling knife.

[SPEAKER_07]: I think it's more of a post-earnings profit taking.

[SPEAKER_07]: So I picked up more at about 194.

[SPEAKER_07]: I think at that time, the PE ratio went down about 18 versus peak of 22.

[SPEAKER_07]: Incoming orders have increased about 16% year over year.

[SPEAKER_07]: There's the full year EPS guidance has been raised.

[SPEAKER_07]: And I think there's some secular AI tailwinds.

[SPEAKER_07]: And my question is, what would you do in this position?

[SPEAKER_07]: I'm looking for it as a more of a long-term plague.

[SPEAKER_07]: I would love to hear your analysis on Dover Corporation.

[SPEAKER_07]: Thanks.

[SPEAKER_07]: Have a great day.

[SPEAKER_01]: All right.

[SPEAKER_01]: Dover is quite the company fairly well diversified.

[SPEAKER_01]: But this is an industrial name fairly well diversified.

[SPEAKER_01]: I could sit there and tell you all the businesses that they're in, but they're in aerospace,

[SPEAKER_01]: is the trend in earnings.

[SPEAKER_01]: $5.93 back in 2019, this year $10.68, $1171 next year.

[SPEAKER_01]: If you go look at its profitability, not blowing anybody out of the park, 15% return on equity, which is solid, but historically it's pretty.

[SPEAKER_01]: pretty elevated pretty in the mesh in the high teens low 20s.

[SPEAKER_01]: I like that.

[SPEAKER_01]: Good cash flow, you're not getting it at a bargain here, but I do think this recent pullback is more of a buying opportunity to sell.

[SPEAKER_01]: So I would be buying Gover D.O.Fee.

[SPEAKER_01]: Those are the best stock I'm just inclined with one goal here, each and every week they help you achieve your own version of Fentre.

[SPEAKER_01]: Freedom and I work continues after this final break.

[SPEAKER_01]: This question is in right now at 8.899 chart.

[SPEAKER_02]: Again is here or almost here, but you've got finance and investment questions, so step up and call in, in Vestard, 8899 chart.

[SPEAKER_03]: Hey Justin and Luke, happy Friday.

[SPEAKER_03]: Hope you guys are having a good one.

[SPEAKER_03]: I have a question about a company called Livewire, Pickers Simultals, LVWR.

[SPEAKER_03]: So let's look like I had a little pop today.

[SPEAKER_03]: I'm just curious what you guys think because it's well below, it's 52-week average.

[SPEAKER_03]: but it did run about 70% today so far.

[SPEAKER_03]: So just let me know what you guys think on this one.

[SPEAKER_03]: If it's a good risk, first reward.

[SPEAKER_03]: Thanks and have a great day.

[SPEAKER_01]: All right, it looks like live YLVWRUP 87% today.

[SPEAKER_01]: 87%, very interesting.

[SPEAKER_01]: Just looking at some of the news here.

[SPEAKER_01]: It looks like it was earnings related.

[SPEAKER_01]: Oh, and for unveiled a very low priced model, it makes electric bikes, it's what live wire does.

[SPEAKER_01]: Historically, though, it loses money, it's a penny stock.

[SPEAKER_01]: It's high last year was all the way up to $9 per share, and then it bled for the past year and half or so all the down into the 65 cents range, just the last week.

[SPEAKER_01]: now in $1.46.

[SPEAKER_01]: So it's a penny stock.

[SPEAKER_01]: It's always pretty much always lost money.

[SPEAKER_01]: But now projected to break even next year.

[SPEAKER_01]: So the question is will this low priced model bring it to profitability, I guess?

[SPEAKER_01]: If it will, then I think it's probably has a lot more room to run.

[SPEAKER_01]: of this name, excuse me, is not great, right?

[SPEAKER_01]: Profibility has always been pretty much deeply negative ever since it went public.

[SPEAKER_01]: Trying to actually, is now negative 161%.

[SPEAKER_01]: It's cash flow is very negative 50 million, negative 50 million dollars.

[SPEAKER_01]: The idea of some cash in their balance should get them through.

[SPEAKER_01]: That's the good thing about 100 million dollars in cash.

[SPEAKER_01]: some runway, their free cash flow last quarter was 14 million, which is about what it kind of, the steady state at.

[SPEAKER_01]: So you have some time, a couple of years for maybe this model to hit, right?

[SPEAKER_01]: To cause a big spike in revenue.

[SPEAKER_01]: If it does, and it can do it that positive margins, then I think this is more room to run, but you have to be the judge of that odds are low, but hey, something to look into.

[SPEAKER_01]: Close the week, let's look into the oil markets because we know we are well into this conflict that started on February 28th in the Middle East.

[SPEAKER_01]: And at first, everyone thought oil prices were gonna spike to 150, $200, barrel, but that did not happen.

[SPEAKER_01]: Why?

[SPEAKER_01]: Because there were ample reserves at that time across the world, China stopped importing.

[SPEAKER_01]: a lot of oil.

[SPEAKER_01]: We started releasing reserves from our strategic reserve.

[SPEAKER_01]: That's now running down pretty considerably.

[SPEAKER_01]: And that's why the loss of about 13 million barrels per day of Middle East exports has not produced a spike in oil, but it has, once again, drawn down

[SPEAKER_01]: Onshore stocks include a decline in June as well dropping a further 96 million, so that draw is accelerating, as much as about crude is about refined products as well.

[SPEAKER_01]: Total crude and refined products stocks are at the slimest level since 2003.

[SPEAKER_01]: Gasoline inventories at their lowest levels since 2012.

[SPEAKER_01]: So as we go into the weekend,

[SPEAKER_01]: understand that this margin for error is getting tighter and tighter by the day.

[SPEAKER_01]: So that's what I say.

[SPEAKER_01]: I would still be long energy in the medium short short term, shall we say.

[SPEAKER_01]: But if we do get a major spike, that's probably where I'd be starting to leg out of a lot of energy names.

[SPEAKER_01]: So I don't think that will be sustained for a long time.

[SPEAKER_01]: But

[SPEAKER_01]: Don't just incline, reminding you about KPP financials parallel investing.

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[SPEAKER_00]: Enjoy your weekend.

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