meta_pixel
Tapesearch Logo
Log in
Wall Street Unplugged - What's Really Moving These Markets

Ep. 521: Take Your Profits on This Tech Darling

Wall Street Unplugged - What's Really Moving These Markets

Frank Curzio

Business, News, Commodities, Debt, Investing, Macroeconomics, Gold, Personal, Uranium, Oil, Economics, Business News, Geopolitics, Industry, Crypto, Stocks, Curzio, Trading, Finance, Research, Investments, Tokens, Talk, Crisis

4.51.1K Ratings

🗓️ 31 May 2017

⏱️ 62 minutes

🧾️ Download transcript

Summary

Welcome back to another episode of Wall Street Unplugged.   This week I’m again joined by the one and only market veteran – Richard Suttmeier.   Rich has been analyzing stocks for over 40 years, is a weekly contributor for Forbes and TheStreet.com, and is the founder and CEO of Global Market Consultants.   As my frequent listeners know, Rich is probably the biggest permabear I invite on the show.   Our opinions almost always contradict...   Yet for this reason, he is an asset for all my investment theses… Why?   Rich has a knack for uncovering data no else seems to mention. He calls it "the balance sheet of the U.S. economy," otherwise known as the FDIC Banking Profile.   And although he uses this overlooked data to contest nearly everything I put on the table...  It always helps to hear the otherside.   If you own a stock, or a have any interest in a certain sector... you don't want to talk to the hundreds of people that love it. Instead, you want to hear from that one guy who hates it.   And Rich is that guy.   On today's show he brings the heat - focusing on the downside risks of oil, semiconductors, utilities, housing markets, and his favorite, the financial industry.   If you have bets on any of these sectors, let Rich challenge your perspective. It won't hurt.   Then, for today's Educational Segment [43:13], I’m breaking down a stock that the whole world’s in love with right now.   It’s a global tech “darling” and is part of a select group of stocks that essentially drives the entire market, also known as FANG.   But trading at 23 times earnings, after coming off four straight quarters of positive earnings estimates, I make the case for why it’s time to cash in… and take profits any off the table. Recent momentum has carried on just too far.   Good Investing,   Frank Curzio

Transcript

Click on a timestamp to play from that location

0:00.0

Wall Street Unplugged looks beyond the regular headlines heard on mainstream

0:06.0

financial media to bring you unscripted interviews and breaking commentary direct from Wall Street

0:11.8

right to you on Main Street.

0:13.6

There's going out there, it's Wednesday, May 31st.

0:18.9

I'm Frank Curzy, hosted the Wall Street Unplugged Podcast where I break down the headlines.

0:23.4

End.

0:24.0

Tell you what's really moving these markets.

0:30.0

Have you just got back from Nevada, not Las Vegas, which would have been a lot nicer, but North

0:40.0

Nevada, which is gold country.

0:42.0

The fact, if Nevada was a country it would be ranked

0:46.0

as the fifth largest gold-producing country in the world.

0:50.0

Stat not too many people are familiar with. You know I didn't mention it in the past couple of podcasts.

0:55.9

But I got the chance to see some of the largest gold-producing mines,

0:59.4

mostly from Barrick and Newmont, major operations there.

1:03.2

You know, familiar with those companies

1:04.4

to the world's biggest gold producers?

1:07.9

Also, so the properties of this new company

1:09.8

I'm gonna be recommending

1:10.6

a men's issue of kursio venture opportunities to high risk

1:15.2

incredibly high reward play that few people know about why because it just

1:22.2

started trading publicly a few weeks ago.

1:24.0

But it's something that really has me excited.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Frank Curzio, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Frank Curzio and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.