Donald, wander over to the Orchids forum for lots more help and info. Your dollar Phal orchid might prove to be a great buy. But don't expect to see blooms again until possibly next spring. When/if it does bloom, the flowers last for months though.
As Ken said, it needs great drainage and for the roots to breathe. So leave the ceramic death trap off that baby, check for a soggy wad of moss underneath and pull a lot of it out if it's in there. Maybe hang it up under one of your oak trees for the summer. It will need to come indoors once the nights are going below about 40deg.
That's a great buy on the little Sago palm for sure. They sell for big money around here. I'm an addict of the clearance racks at Lowe's and HD here. Never shop at Wal-Mart any more but maybe I should take a swing through their nursery again.
Forgot to say, you can leave that stem on, and let it bend over as it will. these orchids naturally grow with the flowers cascading, not upright like that silly stake has it. The plant itself will do better if the crown is slanted somewhat so that water doesn't sit in the cup of the leaves.
