A focal point of the episode is Bitcoin’s remarkable ascent, with values climbing to unprecedented levels. The hosts challenge the sustainability of this trend, pondering the future potentials as it crosses new thresholds. In juxtaposition, the fading allure of gold is explored, particularly as it flattens amidst strong dollar movements and shifting investor sentiments post-election. Insights from market experts further elucidate these dichotomies in the financial landscape.
The conversation transitions to the positive rebound in retail sales, showcasing consumer optimism. This resurgence is critically analyzed alongside key corporate earnings reports, including those of Spotify and Home Depot. Bill Gunderson shares his perspectives on the differentiated performance of stocks accentuated by the compelling growth in certain small-cap sectors, and evaluates the juxtaposition against broader market expectations.
Amidst this market appraisal, the episode shines a spotlight on the energy sector, highlighting natural gas as a standout performer. Listeners gain insights into the underlying factors contributing to the sector’s buoyancy, such as forthcoming cold weather forecasts and strengthened dollar values post-election. The exploration extends into the fracking industry’s adoption of environmentally friendly practices, signaling advancements within oil and gas production frameworks.
Technology stocks, particularly within the semiconductor sector, are also discussed with a review of NVIDIA’s position as a leading contender. Bill Gunderson praises NVIDIA’s market trajectory, noting its robust relative strength amidst a generally weakened semiconductor industry. This section provides investors with targeted insights into identifying potential leaders within a fluctuating sector.
The episode navigates through various investment avenues, dissecting the underlying factors that led to the underperformance of some sectors, like retail and consumer goods, as exemplified by Home Depot. Attention is directed towards stock valuations, the relationship between earnings growth and investor expectations, and how different companies are poised to navigate the emerging landscape.
The show concludes with a reminder to investors about the power of strategic, informed decision-making, rooted in comprehensive market analysis. Bill Gunderson offers listeners the opportunity to engage with the Best Stocks Now app and partake in his trading community for those aspiring to deepen their investment acumen. This episode serves as a critical resource for those looking to align themselves with profitable market trends while understanding the broader economic implications.
In this engaging episode, Bill Gunderson and co-host Barry Kite explore the driving forces behind current market highs and analyze the potential of various investment sectors. The discussion kicks off with an overview of the stock market's performance, followed by a deep dive into the world of cryptocurrencies, especially Bitcoin, and its unprecedented surge. Listen in as they unravel the effects of political outcomes on market sentiment and investor behavior. This episode provides valuable perspectives on emerging investment opportunities. From the resurgence of certain sectors like natural gas to the implications of retail giants like Home Depot failing to meet growth expectations, the hosts offer their expert views on where investors should set their sights. Tune in for a wealth of insights that promise to help you make informed decisions in the ever-changing financial landscape.
SPEAKER 01 :
He's been seen on CNBC, the Fox News Channel, and the Fox Business Channel. His articles can be found on MarketWatch, Seeking Alpha, TheStreet.com, and many other places. He's the author of the weekly Best Stocks Now newsletter and the inventor of the Best Stocks Now app. He's president of Gunderson Capital Management. Here is professional money manager Bill Gunderson.
SPEAKER 03 :
And welcome to the Tuesday, it is the Tuesday, November 12th edition of the Best Stocks Now show with professional money manager Bill Gunnarsson, president of Gunnarsson Capital Management. I'm here with Barry Kite, our chartered financial analyst. It's a quiet day on the market here today, really the quietest day we've had since the Since the land moved last Tuesday, we had quite a shift on that Tuesday, and it has definitely affected the market in a big way. Today, the Dow is down 46 points. It hit a new all-time high yesterday. That puts the Dow at 44,246. The S&P hit an all-time high yesterday. It's backing off a little bit. Maybe we can call 6,000 resistance right now. It's down 3 to 59.97. The NASDAQ is down 7 points after hitting a new all-time high yesterday. It's at 19,291. And the Russell 2000, which also hit a new high yesterday, I would say of all the indexes, it's the strongest right now. That's the small cap index. It's had many false starts over the years, but this one could be serious. The Russell 2000 is down three points right now. Let's see, Bitcoin was way up. It was up around 86,000 this morning, a new high, and it's now at 87,000, 240, up 5.6%. And last but not least, we've got gold here flat at 2617. So welcome to today's Best Stocks Now show. with professional money manager Bill Gunderson, president of Gunderson Capital Management, and the leader of the live trading community, which is swelling by the day. We had a lot of fun yesterday in the market. I've been warning that we're a little bit elevated here at 22.1 times forward earnings. That's a three-year high in the market. The long-term average for the S&P is more in the 18 range, so that should put it in perspective for you. We had new highs across the board in the market yesterday, all four indexes. Of all four, I would say the small caps look the best, and I think there are several reasons for that. Number one, they've been left behind. There's quite a gap between large cap performance and small cap performance over the last several years, number one. Number two, they have a more favorable environment now. They foresee or investors foresee a less regulatory environment. And number three, the forward PE of the Russell 2000 is much smaller than the PE of 22.1 on the S&P 500. There's just no stopping Bitcoin right now. 87,240 on the crypto. It's lifting other cryptos with it. I hope this doesn't end bad. I think it will at some point in time, but who knows? Maybe at $200,000, who knows? I don't know. There's no way I can put a valuation on Bitcoin. And, you know, I said this morning, I sent out a message on X. I said, how are we going to get waiters and busboys now and people, you know, young people, jobs that are normally filled by young people, when they're sitting on the couch playing games and becoming millionaires with their Bitcoin portfolio over there at Robinhood. So there's a lot of cross-currents here. Bitcoin has never seen an all-time high. It's never been above $80,000. On the other side of that trade, gold has really flattened off and has had quite a pullback. since the Trump election. So there's the other side of that trade. Fueled by the dollar. Yes.
SPEAKER 04 :
The dollar has really strengthened. I saw something where the – in terms of the market move upward after a presidential election, I think it's the – I believe it's around the strongest since like 1938 or something, somewhere around there. Just a huge move, and you can feel it talking to folks that we talk to, kind of more optimism amongst suppliers and kind of all the way around the board. Yeah.
SPEAKER 03 :
Well, we had a cloud hanging over the market for several months leading up to the election. There's no doubt about it. I think a lot of people just froze. I think that shows up in the retail sales today, which were very buoyant, shockingly good. People are like, okay, we've got this dark cloud behind us. And I think they feel pretty optimistic right now. Whether it's warranted or not, only time will tell. But they definitely feel like there's a new day in America. A lot of people, at least just over half of Americans, feel that way. Retail sales came roaring back in October. Well, that's actually before the election. So I can't really say that, that it was the election. We'll see what the November numbers look like when they come out. We're going to get Spotify reporting tonight. That will be a big one for us. We do own Spotify in our premier growth large cap portfolio. We'll see if Joe Rogan, of course, I guess that would show up in their next quarter report. But I think Rogan's doing just fine over there at Spotify. And the company's doing just fine, which is surprising to me. Because others that have followed this model, such as Sirius, Pandora, etc., have not hit the numbers that Spotify is hitting. And the kind of earnings growth that they're expecting going forward. Shopify has reported today. That is the baby Amazon. Home Depot has reported this morning. We'll get to that. Occidental Petroleum after the market. Suncor after the market. Spotify after the market. Tyson Foods has already reported. And some people call Kava. the Mediterranean version of Chipotle, which is obviously the Spanish-slash-Mexican version of fast food. CAVA will report after the close today, so that also could be interesting. Tomorrow will be Cisco. The epitome of soggy, in my opinion, unless they can turn things around. Tomorrow we'll get Disney, another big soggy stock that hasn't had much momentum here recently. On Friday, we get Alibaba. Okay, ETFs see record inflows into the cryptocurrencies. Okay, so all of these ETFs, you know, that was a big debate. The old SEC chairman, the current one, who probably will not be... Keeping his job, Gary Gensler, who somehow let that whole thing slip by him with our friend, what's our friend's name down there?
SPEAKER 04 :
Friedman?
SPEAKER 03 :
Yeah, I've almost forgot his name now. The big crypto scandal. and I think we'll have a new SEC chairman here in a bit. Gold sinks the most in three years as Trump win Royals markets. I saw the gold stocks. They don't look healthy at all. Now, I got nothing wrong with keeping some gold coins around, some gold bars, some gold chips, whatever the case may be, somewhere in the backyard or at some unknown location in a forest, whatever the case may be. But the gold stocks do not look good at all right now.
SPEAKER 04 :
Let's do that strong dollar move. I mean, if you've looked at the rise in the dollar leading up to the election and after, it's been on a tear.
SPEAKER 03 :
Exactly. U.S. natural gas futures soar on colder weather forecasts now. Okay, I mean, that's like you're wishful investing there. You're hoping for cold weather. They're predicting cold weather. But having said that, that's probably one of the best-looking sectors in the entire market right now are the natural gas stocks like Entero Resources, Comstock Resources, EQT, CNX, Range Resources, Expand Energy, Cotera, etc., Those companies all pretty much focus on natural gas as opposed to, you know, your oil. And that's probably, the oil stocks look pretty good, too. That's one of your most buoyant sectors in the market. We did get a new energy chairman, I want to say. Let's see. Ah, not Kristi Noem. Kristi Noem got a job in Homeland Security. And Homan, obviously, is going. He's replacing Kamala Harris and guarding that border down there.
SPEAKER 04 :
The borders are.
SPEAKER 03 :
And Marco Rubio looks like he's going to be the Secretary of State, which is a big one. There was another one over energy, and I can't remember who it is. Okay, now, one last thing before we go to break. I was in California last week, and I saw gas up around 450 to 475 per gallon. I mean, we're half of that here in South Carolina. California gas prices to spike 65 cents as the state tightens their emission standards. So they're going to be paying well over $5 a gallon for gasoline in California real soon. We'll be right back. And welcome back to the second quarter of today's Best Stocks Now show. We have a little bit of a down drift in the market today. That is to be expected after the kind of move we've had in the markets since the election. And the market needs to cool off a little bit. Okay, well, let's take a look at other news in the market today. Honeywell. Honeywell jumps on a report that activist Elliott has taken a $5 billion stake, pushing for a breakup. Well, you know, the last breakup we saw... But it was done internally. It wasn't done externally by Hostile. It was GE. Bear with me for a few minutes. I'm going to reconnect some trouble with my microphone.
SPEAKER 04 :
Oh, yeah, and I'm, sounds like got a little technical difficulties there with Bill. He'll be back here in a moment, but yeah, just, you know, in terms of where we're at, to finish up a bit of where Bill was with, you know, market-wise, we've, You're kind of really in this kind of new painting in terms of a brand-new canvas, and you continue to see different parts of the market performing better than others, and that's folks reading the tea leaves, trying to determine what a future administration will look like. And, you know, you've seen, you know, mentioning gold, that's really has been driven from the fact that the dollar's increased. If you have more of a protectionist trading policy, then that can lead, tends to lead to a stronger dollar. And that's where that's where kind of the biggest effect on gold has been as interest rates have driven kind of gone up on the 10 year from, you know, about 30 basis points since since kind of the market was beginning to. price of Trump victory, which also will bump up currency, all of it being equal. And so that effect has certainly driven down the price of gold, which has been one of those assets that have been on a tear from a trend change, from a trend standpoint. And this could potentially mark a trend change in that particular direction. So when you have these kind of big changes from a market perspective in terms of a Republican victory across the board, You're going to see that in certain markets. Certain trends will continue. Some trends will get stronger, and other trends will lose momentum completely. That's when Bill's making changes. Of course, the market itself is moving in different directions there. When we, you know, the other side, as we mentioned, is what we've seen in LNG and the gas side. Oil is, you know, is going to be a little less transparent. There's a lot of other factors that are involved there. Of course, you know, loosening up drilling will actually... It can increase supply and push prices down. At some point when prices come down, it's not near as conducive for frackers there. So kind of the conventional wisdom doesn't mean that oil will automatically go up. It kind of looks at price pressures going the other way. But gas is certainly benefiting. You're back with us, Bill?
SPEAKER 03 :
Yeah, yeah. I had to tighten up my microphone there. You never know doing a live show. What's going to happen?
SPEAKER 04 :
I thought it was mine, actually.
SPEAKER 03 :
Yeah. I was flipping buttons. I thought it was my brain. You know, the Russians were hitting me with lasers or something. Anyways, Honeywell, over the last 10 years, has delivered 11.6% per year. The market's 20%. Over the last five years, it's done one-third of what the market has done. It's done 6.6. The market's done 18.9. So in comes activist investors, and what do they do? They take a stake in the company, and then they seek to put in their people and help turn the company around. If I'm not mistaken, GE at one time, many years ago, tried to buy Honeywell, And the, you know, the antitrust stepped in and shot that down. So anyways, it's always been known.
SPEAKER 04 :
They've always been kind of known as a small GE, right? Yeah, exactly. So there is some, I guess, you know, some conventional wisdom that you could, you know, go in there and potentially take different parts of the company apart and, you know, create value or, you know, Hopefully, the normal way instead of financial engineering would just be go in and cut costs and cut waste and figure out ways to grow margins.
SPEAKER 03 :
well there's a lot of different reasons why people buy stocks okay everybody's got a different because it looks good because i heard about it on the radio because this or that but one is when an activist investor that has a proven track record comes in and you look at honeywell today it's up four point six percent on eight times normal volume all right uh... you can also buy a stock because uh... we're expecting cold weather this year You know, for me, I have to have something just a little bit more tangible, something a little bit more substantial, like earnings, okay? It's those earnings that really drive my decisions in the market. Okay, Citigroup is pounding the table on the chip stocks. And I've got to comment on the chip stocks right now because they've been fairly soft. They have definitely given up their market leadership. I mean, even market leader NVIDIA. And I look at the chart of SMH, which is the semiconductor sector. Its relative strength is only 79 right now on a scale of 1 to 99 when it was the hottest sector in the market. But you've got Citigroup today pounding the table saying it's almost time to buy again. Well, let me know when that time comes. I don't want to know almost time. I want to know when that. Well, they're saying that consensus estimates declined 11% during earnings for the sector and the SOX sold off 9%. See that correlation between earnings and performance? Driven mostly by downside from microchip, NXP semiconductors, and Intel. Okay, those were the three that heard it. And I would say, you know, AMD is one of those stocks I look at almost every day. That stock is just absolutely dead in the water. Analog Devices is a low-tech chip stock. It looks terrible right now. Broadcom looks a little better, but it's still a sideways stock. And even market leader, NVIDIA. NVIDIA looks best of all. In fact, it looks quite good today. It's at $149. To me, that's about the only chip stock. I don't think we own any other chip stocks other than NVIDIA. Micron does not look that good. Texas Instruments, KLA. ASML looks terrible. There's only one chip stock that we like right now. That's why we call it Best Stocks Now. We'll be right back. This is Bill Gunderson. Thank you for tuning in to today's Best Stocks Now, Best Inverse Funds Now show. I put several hours of research in during the wee hours of the morning each day to bring you the very best cutting edge stories that I can. To get two free weeks of my newsletter, go to GundersonCapital.com. To talk to us about our fee-based only money management services, call us at 855-611-BEST. Now, back to the second half of the show.
SPEAKER 06 :
See you next time.
SPEAKER 03 :
And welcome back here to the second half of today's Best Stocks Now show. Well, all the buzz around here has been the 30-day trial of the live trading. Spend the day with Bill or, you know, come home from work in the afternoon or evening and take a look at the emails that I sent out. Yeah, catch up. I mean, I don't send out that many. But I try to teach lessons. I show charts. It's a master class. It's a master class in the stock market. That is my offer to you for four weeks. And I hope you learned something. I hope you enjoyed it. I hope we educate a whole new generation of investors out there. I see an account here that came in today. It's all mutual funds. It's all mutual funds. We've got some selling to do along the way here. But there's different ways of doing everything. I like to buy individual stocks. I mean, look at the example. There's only one good semiconductor stock right now, one. and that's NVIDIA. So it makes no sense to me to own a semiconductor mutual fund. It makes no sense to me to own a semiconductor ETF. I would rather own the best. NVIDIA initiated today with the buy rating at Redburn. I've never heard of Redburn, but I agree with them. And by the way, NVIDIA has a pretty good-looking chart. It looks... There's a chart. If you're looking at a thousand charts a day for the last 30 years, you can see one that looks like it wants to go higher. I call it kind of a coiled spring, pushing up against that resistance level and wanting to bust through there. That's what I see in NVIDIA. And NVIDIA has now taken a big lead over Apple. I mean, it passed Apple and blew by it, which we've predicted for a long time. NVIDIA is now $3.66 trillion. Apple is a distant second now at $3.39 trillion, and I would just say NVIDIA's got a heck of a lot more momentum and a lot more upside potential than Apple does. I think they'll continue to pull away.
SPEAKER 04 :
Certainly more steam behind it.
SPEAKER 03 :
Leave Apple in its dust is a better way to put it. So Redburn's got a $170 price target on NVIDIA. You can look it up in the Best Stocks Now app and see what our price target is. We give five-year price targets. I can't give you a three-month price target or a six-month price target. I feel much more comfortable in looking down the road instead of the hood of the car giving you a five-year price target. and you know that's part of the offer that i make you get to use the app you get access to the all-powerful app and i'm teaching you how to use it as we go here on a daily basis and giving you uh you know examples and giving you lessons okay we got boeing back in business open for business again they get another order 8737 max jets from avia solutions which is based in dublin ireland now i currently don't like the stock myself i think they've got a hole that they got to dig out of i do think the stock has put in a bottom at 146 or so it's it's back down in that area Let's see if it holds that bottom. But as far as going long and buying the stock, I think it's good that they're back in business. And that's another style of investing is a contrarian investor. Contrarians look at the new low list. And whereas a guy like me, I prefer to look at the new high list where things are really cooking on all cylinders. You do have to pay attention to valuation, however. Very critical in this environment we're in right now after the Trump election. I don't like buying stocks that are hitting new lows. I have done it over the years. I do make some exceptions if new management comes in or something to this effect. But Boeing is down near its 52-week low. Okay, I see some activity going on in the frackers. That came up during the election. Whether it moved the needle or not, I do think it showed that we didn't really know where candidate Harris was on the fracking. She was against it, then she was for it. When she was in Pennsylvania, she was for it. When she was in Ohio, she was seemingly for it. Most of her statements have been not for fracking, but the frackers are starting to pick up. Here's one, ACDC, okay. What do they do? Provide hydraulic fracturing services with equipment, manufacturing, and distribution. And the other stock that's in, now their, I find this interesting, their fleet that goes out and does the fracking is now all electric now. So they're not polluting the environment while they frack, okay, never mind after they frack and what is done with it. But they have a fleet of 25 advanced 300 or 3,000 HHP single E pumps, allowing both hydraulic fracturing and pumped up to be fully electrified. So there's an advance made in the fracking business. They're doing a well. They just recently drilled eight wells in Weld County, Colorado. And our show is heard in Colorado now, just south of Denver there. I don't know where Weld County is. Jeff Webster could fill us in on this. He spent some time in Colorado. But you can breathe a little easier because the fracking machines are now electric and not polluting the environment, okay? Okay, I would say the biggest earnings report from last night was Home Depot. We are not fans of Home Depot, and the reason is very simple. It doesn't fit our growth requirements that we have for companies. It doesn't mean we don't shop there. It doesn't mean we don't shop there.
SPEAKER 04 :
We just don't own the stock.
SPEAKER 03 :
I've still got 100 bags of rubber mulch. Which I like. It's pretty. that I've got to spread around. You know, I've been kind of busy lately, but they're stacked up in my driveway. Every time my wife comes in the house, when are you going to spread that rubber mulch around the house? And I just look up for my computer and I say, well, you know, it's on my list of things to do. But I've definitely spent quite a bit of money at Home Depot. I get it delivered to my home, you know, the rubber mulch. I'm sick of replacing wood mulch. We get a hot summer here. And that wood mulch just goes, this is horrible, kind of like I do. Home Depot gains after topping comparable sales expectations. Okay, here's the problem. The last four quarters, their sales minus 3% year over year. Minus 2% year-over-year, plus 1% year-over-year. And then this quarter was okay. Their sales were up 7%. That's the best sales quarter they've had in a while. But their earnings were down 2% year-over-year. And as I look at their last four quarters of earnings, which I find on the MarketSmith charts, And I've sent out several of those Mark Smith charts in our master class that I teach every day. And I show you where to find those quarterly reports because that's important. That's that C in CAN SLIM. That's current earnings, okay? Those are quarterly earnings. That's when they report every quarter. And we compare the earnings and sales that they report with the same quarter last year. same comparable quarter and their earnings are down two percent so you look at home depot now it is a low single digit grower at best so if earnings follow uh you know or if the stock price follows earnings and the earnings are growing by two or three percent what can you expect from the stock price That's just logic, okay? Unless the PE multiple expands, which I don't see happening. It's a 27 PE right now. So we put Home Depot in the soggy aisle, which it wasn't there. I mean, it's entered into that soggy territory. And yet when accounts come to us from big wire house firms or big regional firms, they always have Home Depot, always. What stock are you more familiar with as an investor than McDonald's and Home Depot, right? And maybe Johnson & Johnson as you stick Q-tips in your ears or whatever you do with them. So anyways, I mean, it's just a soggy stock. It has very little upside potential going forward, and the same goes for lows.
SPEAKER 04 :
Well, and to pay for that earnings, right, I mean, it's over a 27 multiple, PE multiple for single-digit growth, right? Exactly. And it just doesn't – so right there, it's not going to make your valuation criteria.
SPEAKER 03 :
No. No. Now, when we come back, one of the great stocks of all time. We found it very early on. We made a killing in it. I haven't been in it. It's been a sideways stock for about a year, and now it's starting to wake up again. Now, when we come back, this is the Best Stocks Now show.
SPEAKER 06 :
And welcome back here to the final segment of today's Best Stocks Now show. Just closing up here on Home Depot, and then we'll move to the next stock, which is a better stock.
SPEAKER 03 :
When I do evaluation on Home Depot, which is taking the earnings estimates for next year, $1.30, no, let's see, I got this one. Home Depot is $15.61, and I grow those earnings out over the next five years and extrapolate a number five years from now and apply a multiple that I think is appropriate. I come up with a $408 target price. No, let's see. I come up with 39% upside potential. $521 target price. 39% is very poor for five years. That is a value grade of F. I like 80% or more. So at 38%, it falls way short from the valuation numbers that I use.
SPEAKER 04 :
And you're paying more of a market multiple, as you've mentioned, being over 22 at the moment from a market multiple standpoint. We're already elevated, and then why go pay 27 times for something that has less growth than the market itself? Yeah, the risk-to-reward ratio is very poor.
SPEAKER 03 :
Okay, here's a stock that came public in 2015. We can go back and look at the time we owned it. It was one of the great stocks of all time. We called it the mini Amazon, Shopify. And Shopify topped out... At the same time, a lot of those stocks topped out. Teladoc, Shopify, others like that, very fast nosebleed growers at very high P.E. ratios. And why did they top out in 2020 and early 2021? Because the Fed went on the warpath. and raised interest rates over 3.5, 400 basis points. And that sent Shopify, that sent a shiver through Shopify. It went from 150 down to 25. That's a huge drop. And, you know, we sold at somewhere way, I think we sold, I'd have to look. I know we sold it in the 120s, somewhere in there. It got down to 25. I mean, you have to have some kind of a sell discipline. You can't be asleep with the wheel on the stocks that you currently own because that hiking of interest rates really raises havoc. I mean, that was the year ARK was down 69%. She doesn't have a sell discipline. She rides through it, and it's very hard to recover if you ever recover from a drop like that. Well, Shopify, good companies have a way of turning things around, riding through the storm. Others don't. Shopify got clear down to $25 a share late in 2022, about the time we were calling the bottom. We said it looks like the NASDAQ is getting ready to bottom here. And then in early 2023, February to be exact, or January to be exact, we called the bottom in the NASDAQ. You can look it up on Seeking Alpha. Shopify was then trading in about the $30 area. And it's having a huge day. We never got back into Shopify, okay? We just had other stocks that we found to be better. But Shopify is still a high growth company. Their last four quarters of sales up 25%, up 24%, up 23%, up 21%. It's the online mall. They don't have Wetzel's pretzels. They don't have Mrs. Fields cookies. They don't have Santa Claus, you know, signing autographs like the old traditional mall. It's all online. But look at that move today of 26% as they clobber their earnings estimates. This little idea that somebody had, and there were a lot of people competing in this space at that time, but somehow Shopify emerged online. as the online mall of choice. And it's been growing over the last five years, their earnings by 53% per year. Now that's what winners are made of. And, you know, you can see how Home Depot has totally – I remember when Home Depot was growing like that back in the late 90s, early 2000s. Shopify straight up today. Let me just look yesterday at what our valuation was. We don't currently own it now, all right? Shopify's five-year valuation as of yesterday was darn good, 117%. Okay, I just said Home Depot's 37%, Shopify 117%. Then why didn't you own it, Gunderson? Well, I'll tell you why. The momentum was lousy, but it started to improve here.
SPEAKER 04 :
Until today. Right, until today. I mean, it's up 25%, but it was pretty sideways all year.
SPEAKER 03 :
Yeah, it broke out four days ago. I should have caught that, honestly. I should have caught that breakout. And I should have looked at it. It is ranked today. Yesterday it was ranked number 175 out of 3,400. So I would blame me for missing Shopify in this comeback. And it's a powerful move today. The other one I would blame me on is selling SE too soon last week. I didn't want to own any foreign stocks after the Trump election. We had about a 25% gain in C, which is a Singapore-based company, similar to Amazon and similar to Shopify. And it's also had a good report. We did sell it last week. We did make some money. It didn't have the kind of upside potential. It's not as fast-growing. as shopify is but they had a huge quarter and they're up 14.9 percent today so we'll chalk that one up and build sold too soon and we'll shop shopify bill why didn't you catch that breakout a week ago which i should have All right, well, if you haven't heard, we're giving four weeks free trial to spend the day with Bill online or just check out the evening of what we did and the lessons I taught and the things we did, and it's a lot of fun. You can go to GundersenCapital.com. We've had a lot of people sign up for that. It doesn't matter. I mean, if it's 12 million people or 2 million people or 1 million people, I send out the messages to the group every day. And we were very, very busy buying yesterday. Yesterday was one of the biggest buying days in a long time here at Gundersen. Why? Because we have a whole new landscape out there. The clouds have dissipated for now, and we have a little clearer path forward. If you'd like to set up an appointment with us, I'm going to tell you, it's time-consuming to manage your own portfolios. Give us a call at 855-611-BEST. 855-611-BEST. Set up an appointment with us. Create a plan and let's get there. We'll do the best we can. Have a great day, everybody.
SPEAKER 02 :
This show is not a solicitation to buy or sell any securities. Bill Gunderson or clients of Gunderson Capital Management may have long or short positions in stocks mentioned during the show. Past performance is not indicative of future performance. Gunderson Capital Management is a fee based registered investment advisory firm. All accounts are held at Charles Schwab. Schwab is a member of SIPC and FINRA.
