[SPEAKER_01]: This is Invest Talk, from KPP Financial, helping investors make sense of the markets one day at a time.
[SPEAKER_01]: Here's your host, Justin Klein.
[SPEAKER_00]: Good afternoon, fellow investors, and welcome back to Invest Talk.
[SPEAKER_00]: And I'm going to start off today's show.
[SPEAKER_00]: Really highlighting, I don't talk a lot about,
[SPEAKER_00]: You know, my interest, but I'm a big hoops head, a big, big basketball guy, I've had liquor season tickets for 18 years now.
[SPEAKER_00]: And but I just love basketball and to me, the NBA finals are the pinnacle.
[SPEAKER_00]: I love it.
[SPEAKER_00]: Game one yesterday was incredible.
[SPEAKER_00]: Loved, just loves seeing New York on fire.
[SPEAKER_00]: And just excited for basketball again.
[SPEAKER_00]: So I want to highlight that because if you're out there and you're maybe thinking about watching the finals, I encourage you to tune in.
[SPEAKER_00]: It's just adding it's just been an incredible playoff.
[SPEAKER_00]: So
[SPEAKER_00]: pretty excited about that, but I'm also excited to talk to you guys and whatever is on your mind, very interesting topics to discuss today, and we'll jump right in.
[SPEAKER_00]: You know, whatever is on your mind.
[SPEAKER_00]: I want to hear from you, money related.
[SPEAKER_00]: Maybe maybe you want to talk about the NBA finals.
[SPEAKER_00]: I'd be great as well.
[SPEAKER_00]: I love talking hoops, it's probably my second favorite topic to discuss besides investing in the markets and things like that.
[SPEAKER_00]: So whatever is in your mind, give us a call.
[SPEAKER_00]: Aidedate 99 chart is the number to get through and ask your question ahead's up.
[SPEAKER_00]: Our next wealth webinar is set for Tuesday, June 30th,
[SPEAKER_00]: It's called beyond the yield, how to invest for your income needs.
[SPEAKER_00]: So you can register for free by heading over to invest.com.
[SPEAKER_00]: Now just to be able to talk about today's Mark performance, run down the show topics for this hour, but first let's tackle this call a question.
[SPEAKER_00]: First.
[SPEAKER_00]: I had a question about car one out.
[SPEAKER_04]: I just wanted to know your idea about this stock.
[SPEAKER_04]: I'm looking forward to your response.
[SPEAKER_04]: Thanks so much.
[SPEAKER_00]: Okay, looking at carve on a CV and a is the symbol.
[SPEAKER_00]: This is one of those names that very, it's a retail juggernaut.
[SPEAKER_00]: You know, this is a good proxy for liquidity.
[SPEAKER_00]: It's a good proxy for how the average investor is feeling, et cetera, because historically, they haven't been very profilant.
[SPEAKER_00]: They're profitable recently.
[SPEAKER_00]: They've,
[SPEAKER_00]: made some changes to their business model, and they're starting to produce profit, $1.52 expected to earn this year, that's still down 10% from last year, and then expect to make 2.8 next year.
[SPEAKER_00]: That's a $66 stock.
[SPEAKER_00]: Kind of expensive for a company that if you're talking about forward-looking earnings multiple in the low 30s, that's kind of expensive for companies earnings growth has been pretty meagurized, especially as of late now, once again,
[SPEAKER_00]: But if you go look at the cash flows of Carvana, they're not that great.
[SPEAKER_00]: If free cash flow has term positive, that's the good thing.
[SPEAKER_00]: But it's flattened out right here around 700 million on a market cap of $47 billion.
[SPEAKER_00]: Now, momentum has waned.
[SPEAKER_00]: It peaked back in when was this January?
[SPEAKER_00]: And it's now 32% off of 52 week high.
[SPEAKER_00]: It found support at the 50, sorry, the 100 week moving average, bounced, but has rolled over once again.
[SPEAKER_00]: To me, this looks heavy.
[SPEAKER_00]: This looks like it wants to head lower, and frankly, not shocked.
[SPEAKER_00]: If you're having higher interest rates, consumers becoming stretched, the use car market is not going to do very well.
[SPEAKER_00]: That's what they do.
[SPEAKER_00]: It's a use car online platform.
[SPEAKER_00]: So when I look at the valuation, I look at the technicals overall, it's just not that pretty of a picture.
[SPEAKER_00]: Better than it happened in the past, I'll say that, some improvement, but overall I'm passing on carbonate.
[SPEAKER_00]: No, in a great show yesterday, we looked in the story.
[SPEAKER_00]: Gold is confusing signal.
[SPEAKER_00]: Why the safe haven trade hasn't played out as expected.
[SPEAKER_00]: We also answer questions on Salesforce CRM, which was submitted via
[SPEAKER_00]: a live call from AM1220 in the Bay Area and if you happen to miss it, go check it out.
[SPEAKER_00]: The best way to get every show is to follow and best talk wherever you get your podcast.
[SPEAKER_00]: Now, we have a lot of ground to cover over the next 45 minutes or so.
[SPEAKER_00]: Time for mini one and get to all of it on our main focus point is about net worth milestones by age.
[SPEAKER_00]: Why net worth matters more than income for financial security.
[SPEAKER_00]: We look at a new survey from the
[SPEAKER_00]: that are reserved and we're going to give you an idea of where you kind of land when it comes to the different age brackets that worth mean and median which are very different important to look at that so we're going to check that out and much more on today's show we're also going to talk about why the one million dollar market used to be oh I should make a million dollars and I can
[SPEAKER_00]: no longer a great benchmark.
[SPEAKER_00]: There are other check marks to consider when you're thinking about it.
[SPEAKER_00]: Thinking about retirement.
[SPEAKER_00]: Also, SpaceX, Swiss, SpaceX IPO coming out, what do I think it's a week from Friday?
[SPEAKER_00]: Fidelity lowered their minimum to $2,000 to invest in it from, I believe it was $20 or $25,000 before.
[SPEAKER_00]: What does that tell you?
[SPEAKER_00]: That tells you
[SPEAKER_00]: There's not a lot of demand at these valuations, which should be a massive red flag.
[SPEAKER_00]: We'll look at that.
[SPEAKER_00]: And then we'll look at oil stocks oil inventory, shall we say, and see where we're at compared to last year.
[SPEAKER_00]: We also have voice bank calls, one is on Marvellous Technologies, as well as Freeport Mac, we're gonna have CX.
[SPEAKER_00]: And when they weigh it with some questions that came in via the comment section over on the Invest Talk YouTube channel, but we're gonna head to a quick break.
[SPEAKER_00]: Please remember you can call any time, believe your question on the Invest Talk voice bank.
[SPEAKER_00]: If you're listening via our live stream or on Amphilk 20 in the Bayer, you can call right now at 8 a.m. at UnitedChart.
[SPEAKER_01]: This is Invest Talk, now closing in on 63 million downloads.
[SPEAKER_01]: And Justin Klein is here taking your questions, Live 88899 chart.
[SPEAKER_00]: It in 99 chart, it in 992, 4278.
[SPEAKER_00]: So I get through and ask your question on today's show.
[SPEAKER_00]: Let's take a quick look at the market today.
[SPEAKER_00]: And it was an interesting one on the back of Broadcombs earnings after the belly yesterday.
[SPEAKER_00]: The numbers were good, but not as good as the market expected, at least when it came to guidance.
[SPEAKER_00]: And that's why you saw Broadcom down so much.
[SPEAKER_00]: Really, what do we close down on Broadcom?
[SPEAKER_00]: Guns 12% on the day, which weighed on names like Micron, and AMD, Sanders, Qualcomm, et cetera.
[SPEAKER_00]: So that's really what drove the NASDAQ the NASDAQ ended in the red bed, only 23.09% basis points there, so not really a big move.
[SPEAKER_00]: net net because you did get some strength out of Google up 3% on the day, or shall I say alphabet, and video of about 2% on the day.
[SPEAKER_00]: A lot of the finance names were strong, you had GP Morgan up 3, same with Morgan Stanley and Bank of America, Goldman Sachs, up nearly 5% on the day.
[SPEAKER_00]: Tesla was in the red, Coke was down over 2.5% but really the strength
[SPEAKER_00]: health care was after being weak and relative under performer on the year, you saw some recent strength, especially in the managed care area, as well as pharma, murk was up 5%, fairly up about a little over 4% metronic up 5% on the day, etc.
[SPEAKER_00]: So a lot of strength there.
[SPEAKER_00]: So overall it was, it was a green day, S&P.
[SPEAKER_00]: gained about 30 points, 41 basis points over all in a treasuries, where a bit stronger yields down a little bit, one to three basis points across the curve, dollar and next off point, 1% goal of finished up, 0.9% silver up 0.4, Bitcoin futures though, continues, the futures continue to trend lower down 2.4% on the day, lower for the seventh straight
[SPEAKER_00]: And to me, this is a good example of why you have to understand flows.
[SPEAKER_00]: One of the big reasons you saw Bitcoin above $100,000 per coin earlier last year was micro strategy, or what is called now.
[SPEAKER_00]: It's just strategy, but
[SPEAKER_00]: They were big buyers, and they were barring money in order to buy Bitcoin, which was basically leveraging up the entire space.
[SPEAKER_00]: Now it's reversed, they're selling, there's a lot of pressure to the downside.
[SPEAKER_00]: And that's why you're seeing all this weakness.
[SPEAKER_00]: So it's very, very important to understand those flows.
[SPEAKER_00]: How durable those flows are, are not they driven by leverage or not.
[SPEAKER_00]: And this not just goes, this doesn't just go for Bitcoin, it's every asset class or every company that you're looking at.
[SPEAKER_00]: Because once leverage reverses will those flows reverse.
[SPEAKER_00]: So you get foreselling you get major major downtrends.
[SPEAKER_00]: And that's what you're seeing right now in Bitcoin.
[SPEAKER_00]: WTI crewed was down 3.1% after being up to 1% yesterday, so pretty interesting.
[SPEAKER_00]: Market there where there's still more rumors of a deal over and around, but I'm not seeing it.
[SPEAKER_00]: The major economic news though was initial jobless claims.
[SPEAKER_00]: Increased to 225,000, head of consensus of 215,000 is the highest level since February.
[SPEAKER_00]: So you're starting to see that push higher.
[SPEAKER_00]: Overall, employment, non-feron payrolls are expected to increase 90,000 in May when it's a report tomorrow.
[SPEAKER_00]: So that will be a market mover.
[SPEAKER_00]: We'll see what that comes in at.
[SPEAKER_00]: So that was the market today.
[SPEAKER_00]: Lot of earnings that move things, but overall, the uptrend remains in track.
[SPEAKER_00]: On track, and every dip looks to be bought.
[SPEAKER_00]: Let's go with a YouTube comment section question now.
[SPEAKER_00]: ADCY7 says, thanks Justin, crazy times the market, appreciate the info to help break it down.
[SPEAKER_00]: Take a look at EXE, if you've got a chance, one of the few energy plays, I can find a decent value, I'll listen on the show.
[SPEAKER_00]: You handle all your maritime accounts, happy client Dan from Pittsburgh.
[SPEAKER_00]: We'll appreciate that.
[SPEAKER_00]: EXE expand energy.
[SPEAKER_00]: If I remember this name, this is a merger between, as we looked at this one.
[SPEAKER_00]: We've looked at this in the recent past, potentially by for clients, we ended up not buying it.
[SPEAKER_01]: I think it had to do with the leverage.
[SPEAKER_00]: And if you remember correctly, it's really focused on natural gas, natural gas.
[SPEAKER_00]: What is the murder?
[SPEAKER_00]: There was two large companies.
[SPEAKER_00]: The market up here is only this is $22 billion.
[SPEAKER_00]: So it's in a mid to large cap type of name.
[SPEAKER_00]: Yes, 85% is natural gas here in the United States, which there's a lot of supplies.
[SPEAKER_00]: It's hard for that to get traction to the upside.
[SPEAKER_00]: And overall, if you look at this, it's just underperforming the sector as a whole.
[SPEAKER_00]: And that's my main issue with it.
[SPEAKER_00]: earnings this year are supposed to be up to $8.91 than 9.14 next year, about 10 times forward-looking earnings, which is, remember, for a commodity name, that's usually, let me say par for the course, but it's common, it's common to see low multiple.
[SPEAKER_00]: So when you're looking at that, remember, when you're looking at any company, not just an oil or gas name like this,
[SPEAKER_00]: And there's a lot of other names that are trading at similar valuations to this.
[SPEAKER_00]: So I don't see this as exceptionally cheap compared to others within the industry to be honest with you.
[SPEAKER_00]: And frankly, I, rather, while we're looking at our more
[SPEAKER_00]: midstream companies, those that transport the natural gas or oil, as well as refineries.
[SPEAKER_00]: I think those are areas that will be able to extract higher than average profitability over the long term.
[SPEAKER_00]: So while this isn't bad, I just think there are much better opportunities within this
[SPEAKER_00]: Those are the best stock, I work continues after this break, so what you're calling now?
[SPEAKER_00]: Or any time, 24-7-8899 chart.
[SPEAKER_01]: Get ready for an all new Invest Talk Wealth webinar beyond the yield, how to invest for your income needs.
[SPEAKER_01]: Tuesday, June 30th, noon to one Pacific time.
[SPEAKER_01]: Learn more and register now at investtalk.com.
[SPEAKER_07]: Hi, my name is Rich.
[SPEAKER_07]: I was calling to get your opinion on two different stocks that I own.
[SPEAKER_07]: The first one is Powell.
[SPEAKER_07]: P-O-W and the other is comfort systems, fix F-I-X, and they both play in the data center industrial build-out sectors.
[SPEAKER_07]: My general question was, they've had quite a run up, but they still remain a small portion of my overall portfolio.
[SPEAKER_07]: However, given rising interest rates, I wouldn't sure if the narrative is changing, and if your thought is that they build up might slow down, which would apply pressure to
[SPEAKER_07]: and whether or not you think it would be a good idea to go ahead and take some profits and then maybe enter in at a lower value if these are a potential long-term holds.
[SPEAKER_07]: So just one of your general opinion on these two different stocks in this area and if the narrative may be changing some.
[SPEAKER_07]: Thank you very much.
[SPEAKER_07]: I look forward to hearing it on the podcast and thank you for all you do.
[SPEAKER_07]: Bye.
[SPEAKER_00]: Well appreciate the kind words.
[SPEAKER_00]: And you're asking about two names that are similar in some ways.
[SPEAKER_00]: So, FIX is comfort systems.
[SPEAKER_00]: This is in the HVAC worlds.
[SPEAKER_00]: Versus POW, which is the VISTA shares electrification supercycle ETF.
[SPEAKER_00]: So once in ETF, one's an individual company.
[SPEAKER_00]: Both are trending positively.
[SPEAKER_00]: Fix is a name that just continues to power
[SPEAKER_00]: to because it provides commercial industrial and institutional clients, mechanical and electrical contract services.
[SPEAKER_00]: So there's a lot of HVAC in there as well, but what they do is vary in the the wheelhouse of AI data infrastructure, build up versus if you own POW, your owning, you're probably owning comfort systems in here.
[SPEAKER_00]: There's some more.
[SPEAKER_00]: It doesn't look like it's in the top 10.
[SPEAKER_00]: Yeah, I guess it's done in here.
[SPEAKER_00]: They're getting a little diversity, that's good.
[SPEAKER_00]: But I kind of like the diversity of this to shares, the electrification supercycling ETF.
[SPEAKER_00]: I do think there's a lot to like about this sub-sector as a whole.
[SPEAKER_00]: I think the biggest issue is they've art all ran to a large degree, there's a lot of growth priced in to these names.
[SPEAKER_00]: And it's going to have to, it just look a broad calm today, right?
[SPEAKER_00]: Still killed it, but the guidance was not nearly what the market lot wanted to see.
[SPEAKER_00]: Now, I will say is let's just drop down to where it was trading last week.
[SPEAKER_00]: Basically, beginning of last week, so it's not like the end of the world, but it just shows you that momentum can wane pretty quickly.
[SPEAKER_00]: I would, I would hold both of these, I would have stops on them.
[SPEAKER_00]: POW has definitely lost a bit of momentum over the past.
[SPEAKER_00]: Let's say, month, peaked out, excuse me, peaked out on the fifth of last month.
[SPEAKER_00]: So tomorrow it will be the fifth for a month out from that peak.
[SPEAKER_00]: And it is looking a bit, a bit topi.
[SPEAKER_00]: So that would probably the name that I would trim first, even though I like the diversification.
[SPEAKER_00]: It's looking, you know, a bit sloppy.
[SPEAKER_00]: Fix is looking stronger.
[SPEAKER_00]: It has also peaked around that time.
[SPEAKER_00]: But for example, today, it was up three and a half percent on the day.
[SPEAKER_00]: So it's showing good relative strength.
[SPEAKER_00]: Frankly, what I've seen in it, my history
[SPEAKER_00]: This is the time you trim these names or you raise your stops.
[SPEAKER_00]: And it would probably be for me the 50 day moving average on both of them, 50 day moving average on both of them.
[SPEAKER_00]: They're both above it, but if you draw it below, I would be probably out.
[SPEAKER_00]: Let's make it to an arrow from eight to nine you mentioned.
[SPEAKER_03]: Hey, Justin, I moved this adjacent from Atlanta.
[SPEAKER_03]: I was calling about interest energy, took your LSU with all the talk about nuclear energy and thought I'd take a position in this one.
[SPEAKER_03]: I wanted to get your opinion.
[SPEAKER_03]: See what you guys thought of it.
[SPEAKER_03]: All right, thanks.
[SPEAKER_03]: So listen to it on the show.
[SPEAKER_00]: Looking at LSU's interests, energy, they engage the production and supply of low enriched uranium.
[SPEAKER_00]: But it had been, but it's actually decelerating.
[SPEAKER_00]: In fact, earnings are supposed to be down in 26% this year to 287 cents.
[SPEAKER_00]: Then to 283 next year down to another one percent.
[SPEAKER_00]: And revenue growth is at 3% this year, expected 8% next year, both not that great.
[SPEAKER_00]: So they supply nuclear fuel, services for the nuclear industry,
[SPEAKER_00]: I wonder, do they have any exposure to the China?
[SPEAKER_00]: Because that's where most of the new plants are being produced.
[SPEAKER_00]: What's the plant's nuclear plants?
[SPEAKER_00]: The free cash flow is negative.
[SPEAKER_00]: Chernegli is 12% not heading in the right direction.
[SPEAKER_00]: They have a great balance sheet, net cash in their balance sheet, which is good.
[SPEAKER_00]: But overall, I don't like the trend in the stock.
[SPEAKER_00]: You know, peaked back in October of last year.
[SPEAKER_00]: around 400 Moses for 60 or so.
[SPEAKER_00]: Now we're down halfway to 186.
[SPEAKER_00]: So I just don't like the trends here.
[SPEAKER_00]: I don't even think it's cheap enough.
[SPEAKER_00]: What yet?
[SPEAKER_00]: So I think they're better nuclear players than this, so I'll pass on LED view.
[SPEAKER_00]: The next investor talk, we'll look into the story.
[SPEAKER_00]: Defense stocks, 2026, how the global security boom creates long-term investment opportunities.
[SPEAKER_00]: That story is for tomorrow,
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[SPEAKER_00]: Accountability means more than advice.
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[SPEAKER_00]: Let's talk about your net worth milestones by age.
[SPEAKER_00]: And start to think about where you land.
[SPEAKER_00]: But most importantly, how do get higher up in your
[SPEAKER_00]: What are the habits that take you there?
[SPEAKER_00]: This is some interesting data coming from the Federal Reserve Survey of Consumer Finances.
[SPEAKER_00]: Now there will be updated data here.
[SPEAKER_00]: So this is based on a little bit old data but adjusted for inflation and market returns, all of that.
[SPEAKER_00]: And it looks at things like median and mean network.
[SPEAKER_00]: So median is, when you see median.
[SPEAKER_00]: So he's 50% of the people are above this number, 50% of the people are below this number.
[SPEAKER_00]: mean is the average of everybody within that age group.
[SPEAKER_00]: Now under 35, the median net worth is 39,000.
[SPEAKER_00]: The mean is 213,000.
[SPEAKER_00]: So obviously, you're always going to see the, the, the mean, the average much much higher.
[SPEAKER_00]: So I'm going to go to list the median and then we'll talk about the multiples of that for each age bracket.
[SPEAKER_00]: The median under 35 except 39,345 to 4435,645 to 54,247,255 to 64,364,755,410,775 and over, you have 335,000,000, you can see as peaks, kind of in that 60 range when you're in your 60's and then starts to draw down as you enter retirement.
[SPEAKER_00]: So remember, median is always going to be much lower than the average because we're in this large wealth gap.
[SPEAKER_00]: But with an average person, you don't want to use the average.
[SPEAKER_00]: You actually want to use the median.
[SPEAKER_00]: It's probably more accurate to benchmark yourself against.
[SPEAKER_00]: Now, where does that income or net worth gap, shall we say?
[SPEAKER_00]: Where is that the largest?
[SPEAKER_00]: Actually, the largest for the younger cohort.
[SPEAKER_00]: The mean, the average is five and a half times higher than the median.
[SPEAKER_00]: For 35 to 44, it's four and a half times higher than the median.
[SPEAKER_00]: 45 to 54, it's 3.9 times 55 to 64, 3.8, as well as same for 65 to 74, also 3.8 and then 75 plus 3.5.
[SPEAKER_00]: Which shows you as the older you get, the average comes closer to the mean.
[SPEAKER_00]: Sorry, the average is the mean.
[SPEAKER_00]: Sorry, the average comes closer to the median.
[SPEAKER_00]: Now, what are the lessons here?
[SPEAKER_00]: What are the lessons that you can take home?
[SPEAKER_00]: Cause that's all to me what you're here for.
[SPEAKER_00]: You can go look up these numbers and I think they're always interesting to kind of benchmark yourself again.
[SPEAKER_00]: But what are the three things that matter for building wealth over time?
[SPEAKER_00]: based on this data.
[SPEAKER_00]: And it's three things.
[SPEAKER_00]: It's income.
[SPEAKER_00]: It's savings rate, and how long you've been at it.
[SPEAKER_00]: So obviously, why?
[SPEAKER_00]: The older you are, the bigger your nest egg tends to be.
[SPEAKER_00]: And what things move the needle measureably?
[SPEAKER_00]: Number one, home ownership.
[SPEAKER_00]: For most households, primary residence equity is the largest single asset.
[SPEAKER_00]: From the 45 to 54 median includes about 60% home equity on average.
[SPEAKER_00]: Now what it will say is, think the era of building huge wealth with home equity, I don't want to say it's behind us, but it's going to be a lot harder.
[SPEAKER_00]: You're not going to get growth of real estate prices.
[SPEAKER_00]: exceeding inflation by a dramatic fashion year after year after year like we had from the early 80s all the way until the mid 2000s.
[SPEAKER_00]: So I do think that it's going to be harder, not to say you can't do it, it's just going to be harder.
[SPEAKER_00]: What else moves the needle?
[SPEAKER_00]: Retirement plans at work.
[SPEAKER_00]: Automatic enrollment and matching is what is driving a lot of the value of these
[SPEAKER_00]: Ben marriage married households have approximately twice the median net worth of a single person household at the same age, part of the part of that's dual income, but a big part of that is cost sharing geography obviously matters, so it's going to depend on a lot of this is aggregate across the country, but wealthier areas, you're going to have to move these
[SPEAKER_00]: Then there's inheritance.
[SPEAKER_00]: It had inheritance, a small percentage of households received big transfers.
[SPEAKER_00]: So that's where they get their wealth from.
[SPEAKER_00]: You have no control of that.
[SPEAKER_00]: It's just luck, right?
[SPEAKER_00]: Who you?
[SPEAKER_00]: Who your family is.
[SPEAKER_00]: But what are the two things that most people think are important, but are far less important than people realize?
[SPEAKER_00]: Number one is,
[SPEAKER_00]: Fortunately, despite what we talked about here on the air, it's actually investment selection.
[SPEAKER_00]: Yes, it matters.
[SPEAKER_00]: Not that it doesn't matter, obviously it's what we do and we built a business on it, but it's up to the individual to save money.
[SPEAKER_00]: If you don't save money consistently over time, it does not matter what return you get.
[SPEAKER_00]: your base amount of assets are not going to keep up with inflation if you are not saving consistent.
[SPEAKER_00]: And that goes to the next one which is budgeting style.
[SPEAKER_00]: It's not really about what type of budget you create or there's zero base, there's traditional budgeting, whatever
[SPEAKER_00]: Whatever process you put forth to create a budget, it doesn't matter that much.
[SPEAKER_00]: It's a matter of whether you're tracking or not.
[SPEAKER_00]: How to use all this data, besides having those positive habits, well, it's first of it's don't compare yourself to others or even your social circle.
[SPEAKER_00]: This is good data and aggregate.
[SPEAKER_00]: You want to, the reason this is good is because it is a lot of data.
[SPEAKER_00]: It's a lot of people in chicken pairing against versus your social circle, keeping up with the Joneses, a lot of people do that.
[SPEAKER_00]: But that is a by a sample based on just who's in your neighborhood, who, you know, who maybe goes to your local church or, or, you know, wherever your social circles are.
[SPEAKER_00]: So all don't beat yourself up, no matter where you're at.
[SPEAKER_00]: We're all, we all have our own path in life.
[SPEAKER_00]: With that's financially, professionally,
[SPEAKER_00]: In our love lives, whatever, we'll ever own paths.
[SPEAKER_00]: So be kind to yourself and build the habits that matter and hopefully this help with that.
[SPEAKER_00]: That's when you back to the Best Talk Voice Bank, you know the number, calling time, 8-8-9-9-9 chart.
[SPEAKER_05]: Hi Justin, we're Luke, I'm calling today about the copper area.
[SPEAKER_05]: First of all, thank you guys for touting where I guess being bullish on Southern Copper this whole time.
[SPEAKER_05]: I've held that position for quite some time now, and I've done really, really well for me.
[SPEAKER_05]: I'm calling specifically today about Feeport Macaron, however, to their FCX.
[SPEAKER_05]: I've noticed that this, I've owned this on and off.
[SPEAKER_05]: It's a little bit more volatile than SCCO.
[SPEAKER_05]: However, in 2026, it has hit resistance about three times.
[SPEAKER_05]: From curious, if you think now, is another time to find out by back in.
[SPEAKER_05]: Bye back in and get ready for the next breakout.
[SPEAKER_05]: Especially since Copper is training very well at the moment, or do you think it's better to kind of play for a pullback as it has normally done?
[SPEAKER_05]: Maybe another five, seven percent, and then buy in.
[SPEAKER_05]: Maybe you won't get there.
[SPEAKER_05]: Or maybe your friends can just add more money into Southern Copper.
[SPEAKER_05]: I do want a good amount in there.
[SPEAKER_05]: Let me know your thoughts.
[SPEAKER_05]: I'm about to hear your take.
[SPEAKER_05]: Thank you for everything that you do.
[SPEAKER_05]: It's like,
[SPEAKER_00]: All right, looking at FCX and SCCO, we actually own both for clients, depend on what strategy obviously something copper.
[SPEAKER_00]: It's more of a goalable company, international company versus free port Mac brand.
[SPEAKER_00]: It's domestic, however, it does own minds around the world.
[SPEAKER_00]: So it depends on how you want to look at it.
[SPEAKER_00]: Preport is, if I remember correctly, bigger, it's a something copper of 164 billion.
[SPEAKER_00]: report is actually 101.
[SPEAKER_00]: So Southern has under outperformed over the, you know, the long, the medium terms, shall we say.
[SPEAKER_00]: But once again, they're like both mainly because we just like copper exposure and both are doing well.
[SPEAKER_00]: Now when it comes to a free port itself, it just closed at a new 52 week high.
[SPEAKER_00]: Let's see a Monday.
[SPEAKER_00]: Had a down day yesterday, down day today.
[SPEAKER_00]: It's a little bit of a pullback, but it's right at the $70 area, which it first visited in January, pulled back a little bit, revisited it in late February, pulled back all the way into the low 50s, back in March, late March when the market pulled back, coming up.
[SPEAKER_00]: Then rallied again quickly, all the way back up to around 70 in late April,
[SPEAKER_00]: Pull back again to the mid 50s in early May and now we're back into the 70 range at the close today or 69 spot 69.
[SPEAKER_00]: So from a technical perspective, when you get an area like this, hit multiple times,
[SPEAKER_00]: What it's telling you is, it wants to go higher, especially when the pullbacks are creating higher lows.
[SPEAKER_00]: And that's what you're seeing.
[SPEAKER_00]: In March, the low was, what is this?
[SPEAKER_00]: Right around 51, in May, the low was around 55.
[SPEAKER_00]: And then mid-May, that was early May.
[SPEAKER_00]: And then mid-May, that pivot point was around 58.
[SPEAKER_00]: So you can see it kind of marching higher.
[SPEAKER_00]: from on the low pivots, and you're getting those highs right around 70s.
[SPEAKER_00]: So technically this looks ready to break out and copper continues to trade near all time highs and with such a high demand for copper and limited new supply coming on those that have the means of production, the actual means to produce copper in today's environment.
[SPEAKER_00]: are going to continue to win.
[SPEAKER_00]: And that's why three part mac brands earnings are expected to be up.
[SPEAKER_00]: 48% this year to $2.62.
[SPEAKER_00]: Then three 78 next year up 44% once again.
[SPEAKER_00]: So 2024, just a couple years ago, they ended $1.48.
[SPEAKER_00]: And so that's going to earn more than double that number next year,
[SPEAKER_00]: Good balance, she did some issues with a mind recently, but they've had that, they've had been able to get that restarted mostly.
[SPEAKER_00]: So overall, things are looking up for the copper space.
[SPEAKER_00]: I like both.
[SPEAKER_00]: We like both something copper and freeport, but the technicals on freeport do look ready to break out.
[SPEAKER_00]: Let's go answer another voicemail question now.
[SPEAKER_02]: Hello, and guys, 12.
[SPEAKER_02]: This is Jose from Brooklyn, New York.
[SPEAKER_02]: I'm just had a question about the stock,
[SPEAKER_02]: tick a symbol mRBL.
[SPEAKER_02]: I know there's been a lot of hype recently.
[SPEAKER_02]: We are in this company.
[SPEAKER_02]: Recently, I'm going up a lot and I was looking into maybe purchasing it, but it looks like there.
[SPEAKER_02]: Maybe it might be too overpriced to see the PE ratio of 133.32.
[SPEAKER_02]: Just want to know how you feel about it is a lot of room for growth and is it really worth
[SPEAKER_02]: Just the price, I know is trading a $314 at the present moment.
[SPEAKER_02]: Thank you for the help.
[SPEAKER_00]: You close today around $316 well off its lows of the year were around $70.
[SPEAKER_00]: You're at $70.
[SPEAKER_00]: That was an early February.
[SPEAKER_00]: Once again now at $316 a change today.
[SPEAKER_00]: Moreville technology, the manufacturer, some of the connectors.
[SPEAKER_00]: historically, it's a very good business, although very cyclical.
[SPEAKER_00]: And I always want one of the nice things about this show and the lessons I've learned throughout this time is despite what we talk about at the time is finding good quality businesses at reasonable prices.
[SPEAKER_00]: our listener base is still a average retail investor.
[SPEAKER_00]: We can't control that.
[SPEAKER_00]: And usually when our caller is calling in, it gives us a gauge of sentiment.
[SPEAKER_00]: And you should gauge this as well.
[SPEAKER_00]: You should use this as a tool, not just what we say, but what are the callers calling about?
[SPEAKER_00]: It's very rare for callers to call in and give us something that is down on its luck and is a bargain.
[SPEAKER_00]: Usually, the ones that are down are mostly value traps.
[SPEAKER_00]: And the ones that are up have moved already dramatically.
[SPEAKER_00]: And Marvel's one of them, earnings are exploding.
[SPEAKER_00]: Up 42% this year, that up 52% next year to $613, but it's a $316 talk now.
[SPEAKER_00]: So that's a 50 times forward-looking earnings, two percent.
[SPEAKER_00]: earnings yield, very, very expensive.
[SPEAKER_00]: Even if it's a great business, even if it's a great company, I just don't see these margins being sustained.
[SPEAKER_00]: You missed it.
[SPEAKER_00]: Now could it continue to go higher if you're a momentum investor?
[SPEAKER_00]: Sure.
[SPEAKER_00]: You want to play a momentum and you think that this AI craze is going to continue for a number of weeks and months going forward
[SPEAKER_00]: That's possible.
[SPEAKER_00]: You never know when the ultimate reflection point is within this space, but when it happens, Marvel will certainly reverse with all the others, and they'll go down rather rapidly.
[SPEAKER_00]: So, you have to be very careful with that.
[SPEAKER_00]: And so, yes, I think you missed it to be expensive.
[SPEAKER_00]: But it's a name that should be on the watch this once, you know, the sentiment within the space kind of flips.
[SPEAKER_00]: Those are the best thought.
[SPEAKER_00]: I'm Dustin Client.
[SPEAKER_00]: We have one goal here each every week.
[SPEAKER_00]: Okay, it's up to you to achieve your own version of Phantom Freedom.
[SPEAKER_00]: And I work continues after this final break.
[SPEAKER_00]: Let's get to questions in now at 8-899 chart.
[SPEAKER_01]: talk.
[SPEAKER_01]: Tell your friends they can listen live, download the free podcast, or watch in Vestock on our YouTube channel.
[SPEAKER_06]: I just entered the, I was hoping I can get your thoughts on the AG industry.
[SPEAKER_06]: Typically, ticker's ADM and CNF that's archer Daniels Mizzon and CF industries.
[SPEAKER_06]: I've held these companies on and off for a place in time now, and I think everything
[SPEAKER_06]: just take a look at these or let me know your thoughts.
[SPEAKER_06]: It's worth holding on to at the moment.
[SPEAKER_06]: Thank you very much.
[SPEAKER_06]: Have a great day.
[SPEAKER_00]: Looking at archer Daniels, Midland ADM as well as CF industries.
[SPEAKER_00]: Now CF is more of a fertilizer player versus ADM. More focuses on the
[SPEAKER_00]: about the nuts and bolts of the ag business.
[SPEAKER_00]: They produce oil seeds, corn, wheat, cacao, and other agricultural commodities.
[SPEAKER_00]: They have ag services, carbohydrate solutions.
[SPEAKER_00]: They're large, $40 billion market cap.
[SPEAKER_00]: Unfortunately, their profitability is pretty meager, only about a 5% return in equity.
[SPEAKER_00]: Versus CF industries, their business tends to be much better.
[SPEAKER_00]: You take a look at their profitability, your turn equity is 27%, so I like that.
[SPEAKER_00]: I like companies with big profits consistently.
[SPEAKER_00]: If you look at the overall returns, Archer, Daniels, Midland, has a 10 year, I'm gonna go 15 year, 15 year, eight and a half percent, total return, failing return.
[SPEAKER_00]: And you lies total return, 15 years.
[SPEAKER_00]: CF Industries because it's a lot more profitable, 16 and a half percent is 10-year yield.
[SPEAKER_00]: All right, that's 10-year yield.
[SPEAKER_00]: 10.5 is it's 15-year yield.
[SPEAKER_00]: So if you look at 10-year, 16% for CF-8.5 for archer Daniels, and once again, reflected in the overall profitability.
[SPEAKER_00]: Now CF is a bit, tends to be a bit more volatile,
[SPEAKER_00]: Do you have to be comfortable with that?
[SPEAKER_00]: But I am, I'll take the volatility for a business that's just more consistent.
[SPEAKER_00]: So I'm a picking one.
[SPEAKER_00]: I'm picking CF industries and then probably sell ADM. Lastly, let's talk about the million dollar mark.
[SPEAKER_00]: I'm used to be of to do a million dollars and I can retire.
[SPEAKER_00]: And there's some recent surveys from empowers,
[SPEAKER_00]: And their average is range from about 1.1 million is what the average pre retiree is targeting for retirement, saying, I, I will have enough at this A of this amount to retire.
[SPEAKER_00]: And power, like I said, 1.1 million traders, 1.3 Northwestern mutual one and a half million.
[SPEAKER_00]: So what is the real number?
[SPEAKER_00]: And I think the reality is depends on the person.
[SPEAKER_00]: Pends on the location.
[SPEAKER_00]: You're going to retire to.
[SPEAKER_00]: Pends on the lifestyle.
[SPEAKER_00]: You were going to lead.
[SPEAKER_00]: There's definitely not a one-size-fits-all solution here.
[SPEAKER_00]: It oversimplifies retirement planning.
[SPEAKER_00]: It all depends on how you want to spend your golden years, also, a long.
[SPEAKER_00]: you're going to be in those golden years.
[SPEAKER_00]: Your life expectancy, when you retire, a 75 year old, one million might be plenty.
[SPEAKER_00]: But a 55 year old, one million probably isn't enough because you're talking about spanning much larger gap of human life.
[SPEAKER_00]: What's interesting is that only 4.6% of Americans with retirement accounts have actually gone over the million dollar mark, that's according to 20, 25 census.
[SPEAKER_00]: That million dollar mark is no longer useful for a number of reasons.
[SPEAKER_00]: Number one is only 14% of private sector workers in the US have access to a defined pension plan.
[SPEAKER_00]: So they're not really being sub, there's not so supplemental income besides social security a lot of times.
[SPEAKER_00]: Social security as well as maybe a pension and a million dollars is kind of a nice to have.
[SPEAKER_00]: Now it's all about that.
[SPEAKER_00]: or 4-3B.
[SPEAKER_00]: People are living longer, it's just more difficult.
[SPEAKER_00]: So this is where retirement employment planning comes in and your advisor should be providing us.
[SPEAKER_00]: If they're not, then you're probably with the wrong advisor because this is vital to understanding the path forward for your retirement.
[SPEAKER_00]: Now I'm Justin Klein.
[SPEAKER_00]: money you that can't be financials parallel investing, could be right for you, when we make a trade for our clients, make the same trade for ourselves, all the same day, same price, same percentage, no front running, no special treatments, we invest right alongside our clients.
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[SPEAKER_00]: Good night.
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