Amidst these challenges, Bill Gunderson and guest Barry Kite unpack the latest strategies for investors aiming to navigate this unpredictable landscape. The dialogue shifts to a more historical perspective, analyzing how previous market valuations can lend insights into today’s investment opportunities and risks.
The global stage is not without its share of dramatic shifts. As the fall of Assad creates a potential power vacuum in Syria, Gunderson examines how such geopolitical changes can reverberate through global markets. Adding another layer, the U.S.’s potential NATO exit underlines the market’s existing volatility.
Looking ahead, the episode covers a myriad of earnings reports that could significantly impact market sentiment in the coming weeks. From healthcare giants to tech leaders, identifying which companies are likely to thrive or falter proves to be a pivotal exercise for today’s savvy investor.
As Gunderson outlines the market’s winners and losers, intriguing discussions emerge about stocks that suffered throughout the year. Noteworthy are the underperformers like Walgreens and Estee Lauder, exposing trends that investors would do well to understand and anticipate.
Ultimately, the episode presents a vivid portrayal of the market’s current state. Whether reflecting on international developments or examining sector-specific strategies, Gunderson offers listeners a chance to refine their investment approaches with greater insight and foresight.
In this compelling episode, professional money manager Bill Gunderson provides a thorough analysis of the stock market as we edge closer to the year's end. With the recent fluctuations in AI stocks and the pressures on healthcare companies like United Healthcare, the conversation emphasizes the importance of strategic positioning. This episode takes you through major earnings reports, the latest market developments, and the fundamental shifts within the technology economy. As undervalued stocks react to geopolitical tensions, Gunderson offers practical advice for both short-term and long-term investment strategies, ensuring you remain well-informed for your next financial moves.
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 04 :
And welcome to the Monday. It is the Monday, December the 9th edition of the Best Stocks Now show with professional money manager Bill Gunderson, president of Gunderson Capital Management. And I'm here with Barry Kite, our chartered financial analyst. And the markets have opened mostly to the downside right now with some weakness in AI stocks, NVIDIA. In particular, you've got China going after NVIDIA as a monopoly, which is kind of strange because China doesn't even have access to NVIDIA's product.
SPEAKER 03 :
China is a monopoly, isn't it? Yes.
SPEAKER 04 :
So anyways, that is hitting the AI stocks a little bit here. But at the same time, let's see, the Dow was up. Let me see if I can find that Dow. Again, the Dow is up, let's see. I lost my page here, Barry, so tap dance for a minute.
SPEAKER 03 :
Oh, yeah, we got Dow up 14 points, basically flat up 0.03%. Got the S&P in red just a bit, down seven points. So virtually nothing in nowadays terms, given that it's at 6,083. And we got the NASDAQ up. Just two points. So essentially a flat day, it looks like, out there.
SPEAKER 04 :
Yeah, pretty flat. Small caps are up three-quarters of a percent, so we got that.
SPEAKER 03 :
Got some movement there. And crude oil is up 2% here to 68, 61 a barrel, likely because of some of the Mideast news that I'm sure you'll get to in a bit. And gold up a percent and a half, maybe on the similar news. And then Bitcoin down 1%. 186 points to 99,783.
SPEAKER 04 :
Yeah, so welcome to today's Best Stocks Now show with Bill Gunderson, President of Gunderson Capital Management, and Barry Kite, Chartered Financial Analyst, as we close in on the end of the year. 16 days until Christmas. 16 days, and we've got, what, 22 days left in the market year. And we're going to have the biggest losers in the S&P 500, the top 10 losers. Hopefully you didn't have any of those. We did talk about the top 10 winners in the S&P 500 from this past year. We were lucky enough to have several of those. And a lot of other things going on in the market today, NVIDIA being one of them. We've got more earnings coming this week, believe it or not, and that will be done for the year. And so we've got another active week in the market this week, as usual. Okay, so where did we end up on Friday? It was not bad. I mean, we had new highs in the NASDAQ. We had a new high in the S&P 500. But the Dow, on the other hand, hit 45,000. It bumped its head up on that 45,000 level. It may have a little bit of a pause here. As it struggles with that. But the Dow did hit a new high at one point last week. You've got the Dow trading at 20.6 times forward earnings. The S&P is 22.5. I put a chart up of the PE ratio over the last about 20 years of the S&P 500. And the NASDAQ hit a forward PE ratio of 35.5. last week so it suffice it to say that we have a very lofty We have very lofty valuations. In fact, I put up charts of price to book, price to cash flow, price to sales, and price to earnings on both the S&P 500 and the NASDAQ in the newsletter over the weekend. And I'm hearing the word froth more and more recently. Well, yeah, you know, those historical, they have not always been kept historically. For instance, I wanted to see what the NASDAQ was trading at back in the year 2000 before it crashed by 79%. We don't have a record from back then. The records on the forward PE and earnings of the NASDAQ, I think they began in 2008 to keep record.
SPEAKER 03 :
It might not even have been any positive earnings in the NASDAQ in 2000.
SPEAKER 04 :
A lot of companies did not have earnings, but at that point in time, they were not keeping an earnings per share. I looked at the formula to come up with the earnings per share for the NASDAQ. It's pretty convoluted. It would take some work. I'm sure they've got some kind of nice program written to calculate that each week. but as you look at the past history of the NASDAQ at least since 2008 you can see we're bumping up against The high, we're at the upper end of that channel. And the word froth, I mean, has to be mentioned in the same sentence with current valuations on all three of the indexes. Okay, the fall of Assad, we really don't know what that's going to lead to. It could be worse, to be honest with you. I mean, at least under Assad, he kind of kept, I mean, he was a brutal dictator. Not a lot of good coming from that. But ISIS could get a bigger role in the government. Al-Qaeda could get a bigger role in the government. We really don't know. We do know that Assad is now going to live out his life in Russia. He is under asylum.
SPEAKER 03 :
The enemy you know is better than the enemy you don't, I guess, right? Yes. Who knows how this power vacuum will... Will take place, where do you think, I wonder where, where does Assad hang out in Russia after his years? I mean, is he on the coast somewhere?
SPEAKER 04 :
There could be some assassins over there to get him, so he's got to lay kind of low. And, you know, Syria has always been a very widely varied country. You know, you've got a Muslim population, which is big. You've got a Christian population. You have the Kurds. You've got Al-Qaeda. You've got ISIS. You've got Damascus.
SPEAKER 03 :
You've got U.S. troops there. You've got Russian bases there. I mean, it's a smorgasbord.
SPEAKER 04 :
So we'll see. Okay, Trump over the weekend said he would consider a NATO exit if members don't pay their bills. Okay, pay up or we're leaving. He did this last time. Stock indexes. We're looking ahead. We've got some inflation reports coming this week.
SPEAKER 03 :
Yeah, this week. And then we'll get the Fed decision the following week, I believe.
SPEAKER 04 :
Yes. CPI comes in on Wednesday and PPI comes in on Thursday. We don't want to see inflation heating up again. I haven't seen any signs of it. Mostly you would come from the energy markets side. if oil were all of a sudden to go up to $75, $80 per barrel, but that's not happening. Trump says he won't try to remove Fed Chairman Jerome Powell. Okay, so it looks like the team is in place to run the economy going forward, including the Fed chair. And you've got a regime that is very pro-Bitcoin, and I wrote about that in my newsletter over the weekend. The biggest movers today in the market from an individual point of view, per microcomputer, that's the volatile, that's the VIX stock of the year. Without question, the wild swings in that thing. It's up 3.6%. The NASDAQ is granted it more time to comply with listing rules. And then you had another, you had a biotech, BIOA, which was trying to come up with their own weight loss drug to compete with Eli Lilly's drug and Novo Nordisk. No, it failed. And the stock is down 70% today, plunging. That's that biotech world. That's the biotech world for you. If you just buy one biotech, there's a lot of risk. I mean, the odds are firmly against you, but there's been a lot of biotech winners this year, and owning a biotech ETF would be a better way to go. And on that same note, Lilly is Morgan Stanley's top biopharma pick for 2025. I would totally agree with that. It's our top pick also. Although we called it our top pick quite a while ago. And Lilly seems to be busting these compounders. Lilly had a seat, the CEO, at the table with Trump, RFK, and the CEO of Pfizer last week. We'll see if that helps. And in the meantime, Lilly has recently had very good news on how much more effective their drug is, Zepbound, And then the competition's drug, Novo Nordisk. And eventually that pricing is going to settle out. And we're seeing more coverage from insurers, which we'll talk about when we come back. Because a big insurer is still in the news, obviously, with the assassination of one of their CEOs. And I've got a little bit of color to add to that. I talked to somebody that's been in the health care industry all his life. And I also talked to some doctors and dentists that have issues with UnitedHealthcare. They're notorious for denying claims. So that probably was at the center of that assassination last week. We'll be right back. And welcome back here to the second quarter of today's Best Stocks Now show. Well, let's check in on Dow Stock United Healthcare, which obviously has been in the news here recently, as have many of the healthcare stocks. Man, it's really, it was trading at 620 before this all happened. Now it's at 547. That's three days worth of activity today. where the stock is sold off wildly. Now, I talked to one friend who's been an executive, a high-up executive in the health care industry his entire career. He says UnitedHealthcare is notorious, notorious for denying claims, delaying claims, all kinds of things. He says they use artificial intelligence to come up with ways to deny, deny, deny claims. So that was out of the mouth of one person. I talked to another person who is a dentist.
SPEAKER 03 :
And time is money in that business. Yes.
SPEAKER 04 :
And my dentist friend says of all the health care insurers they work with, United is by far the worst. He says especially this time of year, around December, November, they say, no, we're not paying. We're not paying. Maybe next year.
SPEAKER 03 :
So I don't know. Push it into the next year.
SPEAKER 04 :
Earnings estimates or what. That's what I was thinking. But he said he went eight months without getting paid for some procedures that he did from UnitedHealthcare. So I guess they're very hawkish. uh on uh you know claims uh and united health care i mean it's a pretty thin margin business to be honest with you i mean if you look at the income statement But they have managed to grow their earnings every single year over the last 10 years, really, if you look at their earnings record. So they have to be pretty aggressive on their end to do that. And that seems to be the most popular theory. It seems to make sense, you know, with what he wrote on the bullets. Of course, he's still on the loose, which is pretty incredible. Maybe it's Tom Cruise, right? Didn't Tom Cruise, he was the Mission Impossible. It seems like what this guy has pulled off there, he kind of looks like a young Tom Cruise also. But anyways, you know, the health insurers are not, it's not a healthy, it's not a healthy industry. and uh... i don't know what's coming uh... there are the calls for single-payer uh... which would deny a lot less claims but you would have a lot less procedures done so there's all of that at work right now i would not own a health insurance stock myself earnings coming up this week today is oracle oracle can put up some big earnings from time to time oracle has entered into that uh... ai universe also Toll Brothers is going to report tomorrow GameStop. I know that's your favorite one, Barry, of all the earnings reports. When's the last time they had earnings is the question.
SPEAKER 03 :
I was going to tell you. I mean, we're on the second weekend of Christmas shopping, and I haven't been into a GameStop yet. No.
SPEAKER 04 :
You know, Roaring Kitty is not.
SPEAKER 03 :
You may have a couple of games under the tree.
SPEAKER 04 :
Roaring Kitty is not sent out.
SPEAKER 03 :
Yeah, but we ordered them.
SPEAKER 04 :
Yeah, we never know. Yeah, okay. All right. Adobe's going to report on Wednesday. Adobe is a powerhouse of the software stocks. Macy's. I see there's some activist investors involved. Macy's needs to become the dominant player in higher-end clothing on the Internet. I mean, that's got to be their way to go, but I haven't really seen them become that yet. Costco's going to report on Thursday, Broadcom. An important software stock we'll also report on later this week. Okay, then we've got NVIDIA, which China, I'm sure this is payback. Look, I mean, they're being denied NVIDIA's chips. So I don't know how they open up a probe into NVIDIA on anti-monopoly concerns.
SPEAKER 03 :
Well, we sell them those dumbed-down chips, I think. They probably don't market them as that. I guess.
SPEAKER 04 :
And NVIDIA is down 2.1%. It's dragging us down a little bit because along with NVIDIA, you know, let's see, the other ones that are down, usually everything in that universe, NVIDIA, Vistra, which is the utility providing the juice, Constellation Energy is down 3.3%. Vistra is down 3.2%. Arista Networks is down 1.7%. They're all pretty much tied to NVIDIA. And so that whole sector is off today on that news. AMD falls as B of A downgrades. Amid AI, you know, I have not seen any good action in AMD in a long time. We do not own AMD. It's a lousy chart. It's getting worse. It's down 3.5%. There doesn't seem to be hardly any demand or very little demand for their AI chip. The one that seems to have the demand is the Amazon chip. Amazon has been hitting new highs, and I think it is again today. It's breaking out to new all-time highs. And AMD just has a very, very weak chart. I just would not own AMD at this time. I've made the right call. We sold it quite some time ago. And even though you could make an argument from a valuation point of view, growth at a reasonable price, GARP, known as GARP, There's no momentum in the stock. In fact, there's a lack. There's negative momentum and sentiment on the stock right now.
SPEAKER 03 :
At least for the Amazon chip, they can create demand by buying the chip from themselves.
SPEAKER 04 :
I guess so. Yeah, okay. So they're doing very good. Okay, a couple of additions. Oh, no, wait. Palantir has been the stock of the month, really, December. Oh, my gosh. You know, I decided several weeks ago, I said, I bought it in the ultra-growth portfolio because it was just starting to rumble. And I said, you know, I looked at the market cap. It's over $100 billion right now. It's incredible. It's probably the strongest stock in the entire market right now. I said, I'm going to add this to the premier growth portfolio because it's large enough to fit in that portfolio. It was a large cap growth stock. It's $174 billion right now. And you know, the thing just took off. And I said, well, maybe tomorrow it'll pull back. Maybe tomorrow. Maybe the next day. Maybe next week. Maybe by Tuesday. No, it never pulled back. And it's just kept running, running, running. It's got good news again today. You know, they're very connected to the government. Especially, think about this. I mean, they're going to use them for U.S. Special Operations Commands. So imagine how, you know, the clearance that Palantir has to do that kind of work. And, of course, the CEO is becoming a little bit of a celebrity himself. He kind of looks like the mad scientist. I can't think of his name right now. But Palantir, man, that thing continues to rock and roll. When we come back, we've got some AI news update from Microsoft. And then we're going to talk about some stocks going into the S&P 500. We own one of them. And then how about the 10 worst performers in the S&P? That's always fun to look at. 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 07 :
Thank you. Thank you.
SPEAKER 04 :
And welcome back here to the second half of today's Best Stocks Now show. We continue to have the AI stocks under heavy pressure right now in the market. I'm looking at Vistra's down 7% right now. That's one of the nuclear energy stocks for powering these. In fact, the NASDAQ's going south here. You've got NVIDIA's down 2.8%. Netflix is down 2.6%. Arista's down 1.7%. Palo Alto Network's down 2.8%. Are interest rates going up? Somebody just downgraded the tech sector, it looks like. Meta's down 1.4. Constellation Energy's down 4.8. The Trade Desk is down 3.8. A rough day right now.
SPEAKER 03 :
Ten years only up two basis points, so not much of an interest rate move.
SPEAKER 04 :
No, somewhere out there has probably downgraded anything and everything. I can't believe this is all just coming from China. But it is a pretty rough day there for the leadership stocks. Part of the problem is valuations here, okay? The valuations are very, very rich, especially in the NASDAQ. Across the board, really, the cheapest index of all is the Russell 2000, the small cap stock. But they don't have the kind of growth that the NASDAQ and the S&P 500 have. So anyways, it's a pretty rough day right now in the market. It looks a lot worse underneath the surface. It's one of those kind of days than the indexes would suggest. The other one, Microsoft has been pretty, it's been a good chart recently. It's still a major player in that AI. And Microsoft, you know, a lot of these large cap tech stocks, they'll get soft for a while and a little squishy. But as long as that growth is still there and as long as they're still in the middle of things like Microsoft, Microsoft was pretty soft for quite a while. It got down to 400. That was support, obviously. A lot of times a round number like that will become a support level. Microsoft tested that 400 support level a couple of times, and now it's in a pretty strong uptrend. It's at 445 today and breaking through resistance on the upside, so that's about a 12%, 13% move in Microsoft in just the last couple of weeks here. So a lot of times, you know, there's another lesson. You have to be patient in the market. You're going to go through some rough patches. You're going to have some rough days. You're going to say, should I stay with this stock? I make notes on my charts. And when I know I have something that's really, really solid from a fundamental, I'll remind myself and put a note right on the chart, Barry, be patient, which we all have a hard time.
SPEAKER 03 :
It's part of that trading diary where I've seen some folks, especially on the technical analyst side, to always keep a – call it a trade diary or whatever, right? But, yeah, you're making those notes and you want to pound historically because we all make –
SPEAKER 04 :
mistakes over the years you're not patient and it's uh then you see one and it's uh you want to make that note kind of like that post-it that's just in front of you kind of touch it on the way by right play like a champion today yeah and there's then there's the one that you're glad you sold I mean it broke support which Microsoft never broke has not broke support but believe me there were a few times when I said to myself maybe they're entering into Johnson and Johnson territory right with slink single digit growth and uh but it never did it didn't break support but i was trying to think of the one i did sell it broke support and it's done nothing but go down ever since then and you say to yourself thank goodness that i sold this thing when it broke support we had a good gain in it i mentioned it in the news there okay couple joining the s&p 500 apollo Which we're happy. We own Apollo. It's not a space stock. It's like a private equity. It's like the other private equity stocks out there, BlackRock. Blackstone, there's a lot of them. KKR.
SPEAKER 03 :
And with more private equity deals, with the new administration, you expect there to be more, you know, kind of investment banking activity. And those are, you know, Apollo is a stock that will benefit from it. The rest of them, those other ones you mentioned, as well as, you know, if you're looking at even the big bank side, one that's probably positioned the most for that space is going to be Goldman Sachs. Right. Just because it's... It's in that deal-making space, but it's certainly driven by the new administration and a little less red tape and regulation, and it's going to bring more companies to market likely.
SPEAKER 04 :
Now, here's the ones you did not want to own this year. Walgreens down 67%. That's Walgreens. I mean, you go down the street, how many Walgreens do you see? Kicked out of the Dow. Intel down 58% kicked out of the Dow. And by the way, the former Intel CEO, who is a devout Christian, Pat Gelsinger, is asking people, he did this on Sunday, to pray and fast for the chip makers, 100,000 employees, as investors wonder about the future of the semiconductor. He said, this week, I'd invite you to join me in praying and fasting for I thought at first it was praying for a faster chip, but no, fasting, going without food for 24 hours for the 100,000 Intel employees as they navigate this difficult period. I've never seen that before, a CEO do that. But they must be in deeper water than we think. Moderna was down 56%. I think RFK's got daggers for Moderna. And, of course, there's no COVID comeback, so what are you going to do with a COVID vaccine? Dollar Tree down 48% this year. A solar stock, Enphase, down 46%. I'm sure there's some guy out there going, man, I own all of these stocks. I'm going to find a new money manager. A new hobby. Enphase, solar energy down 46%. Estee Lauder has just been pounded down 45%. APA, which is natural gas, down 40%. Boeing, down 39.6%. And Dollar General, that's the other dollar stock in the top 10 losers here. down 38 percent so those are the stocks you did not want to own check your portfolio see what your money manager had you in and see if you had any of those top 10 okay the other one here this is a weird one but there's weird ones that come along i added these two to the app this morning there's a play going on right now in antimony Not alimony, antimony. It's on the chart, periodical chart, right? At one time, I knew them all, way back, way back when, in the early days of college in chemistry.
SPEAKER 03 :
And that's what China cut us off from, correct?
SPEAKER 04 :
Yes, China cut us off from antimony, which is needed for these EV batteries. So now you've got a couple of companies, United States, Antimony, UAM8. This thing was up 60% on Friday and up another 16 today. They're teaming up with Perpetua Resources, PPTA, and UAMY. These two stocks announcing a formal metallurgical testing agreement to evaluate stibnite-rich material from Perpetua's Stibnite Gold Project in Idaho. Okay, you never know where a story is going to come from in the market. And, you know, we also have coming out of Idaho that nuclear, you know, the nuclear play, NNM, on building portable, portable nuclear reactors. So anyways, those are a couple. I sent out a tweet on that this morning. Not a tweet, an email on that. And I added those two stocks. We'll see how they add up. And then there's a third one. Military Metals is acquiring the Last Chance Antimony Gold property located in Nye County, Nevada. So all of a sudden, I'll tell you one other one. Vanadium, okay? Vanadium is put into these domes of nuclear reactors and any kind of covering and casing around a nuclear reactor. And I actually own a little vanadium stock that's been kind of going crazy. It's settled down a little bit in the incubator account, which is where it belongs, okay? And I do publish that incubator account to all of our subscribers. Try to do it every other day or a few days to let them know what's in there. And then, of course, when I buy or sell them. Okay, NEO aims high for United Arab Emirates. So this is the second United Arab Emirates story of the day. The other one I skipped over, but Microsoft has been approved for to sell high-speed, I'm guessing, AI and NVIDIA chips in their system to the United Arab Emirates. And now the Chinese carmaker, NIO, is trying to sell EVs into the United Arab Emirates. I don't know if Tesla has a foothold there or not, but that's kind of becoming an important market here. Okay, we'll be back for the final segment. We're going to look a little underneath the surface.
SPEAKER 06 :
You've got to go where you want to go, do what you want to do with it.
SPEAKER 04 :
And welcome back here to the final segment of today's Best Stocks Now show. The Dow is now slightly down. The Nasdaq's doing much worse, however. We'll get to that in a bit. The Dow's down 20 points right now, and it's starting to slip. It's starting to... to sell off travelers leading the way down 3.1 percent the insurance stocks have been under a little bit of pressure they're very interest rate sensitive and when you get a drop in interest rates we were at over 4.5 not that long ago now we're at 4.15 4.18 That's taken a little bit of a toll on the insurance stocks, but for the most part, they remain one of the best sectors in the market in 2024. NVIDIA is now down 2.9%. The selling there has increased a little bit as China is going to open up an antitrust case against them, claiming they're a monopoly. Raytheon's down 2.7%. Well, you know, we've seen the military and defense stocks sell off, obviously. You've got a new administration coming in that's not quite as, oh, I don't know, not quite as hawkish out there. I know Trump said over the weekend, Syria, I don't want to get involved. The U.S. should not get involved. So that's not good for the defense stocks. Lockheed has had a big sell-off. Raytheon's down 2.7%. Salesforce is down 2.2% today. The only winners in the Dow, Boeing's up 3.5%. They must have some good news, maybe some contracts there. DuPont is up 2.7%. The oil stocks are doing okay. Chevron's up 2.4%. Now, as we look at the S&P 500, which I've got to change here, you've got a couple new ones coming in and a couple being kicked out. The biggest winner in the S&P 500 is Hershey's. Well, I don't know what the news is, but there's some news there.
SPEAKER 03 :
I wonder if cocoa prices went down.
SPEAKER 04 :
We're a chocolate milk family, the grandkids. We use our fair amount of Hershey and ice cream sundaes and that kind of thing. Whirlpool, this is the kind of day, I mean, weird stocks are up, good stocks are down. Newell Brands up 10.1. Interpublic, which is a big advertising agency, they're getting bought out by their competitor Omnicom. Enphase, the solar stocks up 7.4. Advanced Auto Parts. So a very weird day. You're probably not up today unless you've been down most days this year. Those stocks are finally rallying here today.
SPEAKER 03 :
Yeah, all places you likely are not.
SPEAKER 04 :
Yes, and the leadership of the market is selling off today. The cruise ship stocks, which have been hitting new highs here recently, Norwegian and Royal, are each down about 4.5%, 5%. You've got Carnival down 4%. Then you start digging into some of the tech stocks. AMD is breaking down. That is not a good chart at all on AMD. It's breaking support. It's got a ways down to its next level of support. It's down 3.8%. NVIDIA, I just mentioned, it's now down 3.1%, so it's added on another 1% to its downturn. Netflix, there must be a valuation call out there on the NASDAQ, which I've kind of been making here myself, but nobody listens to me. I don't move the markets like a Goldman Sachs or somebody when they say, hey, this market's getting expensive, especially the tech stocks. You know, you see an immediate sell-off. Arista Networks is down 2.6. A lot of this centered around the insurance stocks and the defense stocks. And even Palantir has now gone negative, which surprises me. It hasn't had a negative day in quite a while. Maybe I will get a shot at putting it into the... Premier growth portfolio. Salesforce is down 2.2. And then you look at the NASDAQ. I think you're going to see the same kind of pattern there where it's AI. The higher, the bigger, the more they're up this year, the more they're down today. So there's some profit taking, we call that. The Chinese stocks are having a good day. No, I don't want to have any Chinese. JD.com is up 14%. NetEase is up 11.7%. Baidu is up 9.7%. The only kind of core tech stock, Workday, is up 5.6% because it's being added to the S&P 500. And then the exciting stock, Kraft Heinz, maker of the slow catch-up, it's up 4.4% today. Now we look at the downside in the NASDAQ. And here come some of your biggest winners this year. Nvidia down 3.1%. Netflix, which has been pounding out new highs, is down 3%. So kind of the magnificent 7%. Meta's down 1.8%. Booking's been a big winner this year, down 1.7%. Tesla... One of the magnificent seven down 1.6. So that's the way the wind's blowing in the market today. Okay, well, you know, we have a lot of the four-week trials that have now come to an end. I'm going to miss you folks. Of course, we've had a lot that are signing up on a daily basis, new people coming in. And, you know, I have to take that into account. So when I go through all my stocks every day, the ones we hold, the ones I'm looking at, I reiterate. If there's one I already own, I say, hey, I still like this stock at this level. So I just assume that people are coming in with a clean slate, all cash. And I'm, you know, saying at this level, I still like this stock. Some are investments to build a portfolio. And some I see as more of a short-term trading opportunity. And I identify them. And I also tell you what portfolio I'm buying each stock. And then in addition to that, on the weekends, you get to see the current status of all the portfolios. I don't have the... the incubator portfolio in the newsletter yet maybe i'll do that on january the first i'd like to start on a nice clean date you know with with performance and that kind of stuff but anyways the offer is still out there for four weeks it's my uh... black friday cyber monday and holiday offering It's a class, a master class on the market. I give examples, and then I do ones that I tell you what I'm doing as a professional money manager. Just following along, you'll learn a lot about the markets. You may even learn that I'd rather buy a mutual fund or hire somebody to do this for me. You go to GundersenCapital.com. to sign up for the four-week trial, and you get access to the powerful app, the Best Stocks Now app and the weekly newsletter. And if you just say, oh, man, that's a lot of work there, you can also talk to us about your portfolio. Make an appointment with us at 855-611-BEST. 855-611-BEST. 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 SIBC and FINRA.
