Join Bill Gunderson as he navigates the complexities of the current stock market landscape. From tariff threats by President-elect Donald Trump to the remarkable rise in consumer spending, this episode dissects how these elements are shaping investment opportunities. Discover insights on emerging trends in the technology sector, notably Tesla’s optimistic trajectory and significant developments in AI infrastructure investment spearheaded by major players like NVIDIA.
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 05 :
And welcome to the Monday, it is the time to get back to work edition of the Best Stocks Now show with professional money manager Bill Gunderson, president of Gunderson Capital Management. I’m here with Barry Kite, our chartered financial analyst. We’ve made it through the weekend. I hope you’ve made it through the long weekend. The market is off and running with or without us here this morning. We’ve got the Dow down 182 right now, and I’m going to start for the Dow. It’s at 44,728 after closing above 45,000 for the first time last week. The S&P, on the other hand, is hitting a new high today. It’s up 78 points. It’s at 6,040. The NASDAQ is doing best of all. The NASDAQ had a pretty good day on Friday. A lot of momentum stocks were on the move. And the NASDAQ is up 162 right now. Tesla helping out there. The NASDAQ is at 19,374, closing in on an all-time high. The small caps are down eight points. That must mean that interest rates are up. And they are a little bit. I’m seeing the… The 10-year is up five basis points right now to 4.23, but boy, they really dropped last week. They went down 32 basis points during the week last week. Crude oil is about flat. Gold is flat. And you’ve got Bitcoin right now at 96,000. It’s down $1,243. So welcome to today’s Best Stocks Now show with professional money manager Bill Gunderson, president of Gunderson Capital Management, a nationwide fee-based only money management firm and hopefully a tool, a useful resource to the do-it-yourself gang out there that is a pretty large group of people that I communicate with on a daily basis here. We’re off to the races on this Monday. You know, we finished up the market, even though it was a short, it ended at 1 o’clock on Friday. There was a lot of momentum in the market on Friday. The momentum stocks themselves had a very good day after being kind of quiet throughout the rest of the week. And we actually finished a really, really nice move on Friday in that short session. And it is following through somewhat here. to today so far. Earnings season is pretty much over. Black Friday is over. It looks like we spent $10 billion, just over $10 billion spent. On Black Friday. I kicked in a little bit to the effort. Did you help out, Barry?
SPEAKER 06 :
I did, yeah. My wife and my mom drug me around town for a little bit on Friday afternoon. So I got a little taste of it, little, as we call it, boots on the ground. Places seem pretty busy down on… On King Street that day.
SPEAKER 05 :
Yeah, pretty busy. Not bad. And, of course, you had some new movie releases. Moana’s going to set all kinds of records, Moana 2. It’s going to beat Frozen, if you can imagine that. How many years ago was Frozen?
SPEAKER 06 :
Yeah, that’s pretty amazing, and it being a second, even a sequel, even bigger. And then, like you said, we had finished the week, trading week last week, 53rd all-time high for the S&P 500 in 2024. So it’s pretty impressive so far. We’ve got about a month to go.
SPEAKER 05 :
Some of my grandkids, they tried to get into Moana or the other one, Wicked. Wicked, is that it? Yeah, Wicked. They couldn’t get into either theater, so they’re going to have to wait for that one. All right, so we ended up on a pretty good note on Friday. We had a lot of momentum coming into the market. into those typical momentum stocks, the Arista Networks. Nvidia had a really good bounce on Friday. Tesla had a really good bounce on Friday. Tesla is following through here today, and we had a huge drop in interest rates. We ended Friday at 4.18% on the 10-year. It wasn’t that long ago we were at 4.50%. And really, a lot of that last week was the naming of Scott Besson, Charleston’s own Scott Besson, as the Treasury Secretary. They called it the Besson Bounce. And the S&P closed above 6,000 for the first time in its history. We’ve got some economic releases. We’ve got some things that were said over the weekend that are all playing into today’s market. We had two resignations. Well, one retirement of a well-known CEO and the other was a resignation of a CEO. that we’ll talk about. But on Saturday, U.S. President-elect Donald Trump threatened the BRICS member nations, that’s Brazil, Russia, India, China, and South Africa, with 100% tariffs. Take that, okay? We’ll see that 25% tariff that we’re going to put on Mexico and Canada and quadruple it on you guys if, if they move to create a new currency to replace the U.S. dollar. And they just might. Who knows? We could be in for some real battle royales here going forward with the tariff war now underway, the first shot fired from Miralago against Mexico and against Canada, and plenty of tariff talk to go around. And then, of course, 100%, 100%. uh… if if they go uh… uh… you know trying to replace the the u s currency the dollar as the uh… world reserve black friday online sales crack ten billion dollars according to data complied by adobe analytics and i’m not why i’m not sure why adobe seems to be the expert on these numbers they don’t seem to be in that business you think it’d be the national association of retailers or amazon itself But it’s Adobe giving us these. That’s a 10% increase from last year. So I think it’s fair to say that the consumer sentiment out there on the street is still pretty high. Pretty positive when you have the consumer spending that kind of money. 10% increase over last year. Online toy sales soared 622% month over month. Followed by a 561% jump in jewelry sales and a 476% increase in online sales for appliances. Imagine ordering a dishwasher online.
SPEAKER 06 :
Got you a dishwasher for Christmas.
SPEAKER 05 :
The poor guy lugging it up the stairs and dropping it on the, here’s your dishwasher, honey. Then I got you. Other than toys, Black Friday shoppers were cashing in on huge deals for electronics, televisions, apparel. As if we don’t have enough televisions and apparel and sporting goods. So now it’s what Cyber Monday is, strictly online sales. And Adobe Analytics here again, they’re the expert on this, a 6% increase they’re expecting. Companies like Amazon, Mattel, Hasbro, Best Buy, Walmart, Target, etc., etc., etc.,
SPEAKER 06 :
Same discount, different name. It’s like I keep getting these emails, Black Friday deals, Black Friday deals. And, of course, everything since last night is now Cyber Monday deals. It’s like the same amount percent off.
SPEAKER 05 :
Does that require that you actually step inside a bricks-and-mortar store to qualify for Black Friday sales? No. I don’t know how that works.
SPEAKER 06 :
Yeah, no, I mean, right. I mean, I guess even, well, that $10 billion, I mean, that part’s, you know, online sales for Black Friday. I guess, you know, years ago, kind of remember when it started, it was really, you know, kind of Cyber Monday, Black Friday was to show up to the store and stampede into the Walmart or whatever place you were frequenting. And, you know, now I guess it’s such a blend between, We were at the store, and then my mom would be like, okay, and then buy you. We’d be at the store, and then she would buy it online. It’s almost like a showcase. You go, oh, I like that. Let me find it online.
SPEAKER 05 :
I had relatives that would camp out. After Thanksgiving, they’d go camp out. Okay, now the CEO shuffle is taking place. Stellantis. You know, Stellantis is a group of car companies. It’s headquartered in, I think, the Netherlands. Peugeot, Jeep, Fiat, of course Chrysler. They’ve just been getting clobbered. And finally, the Stellantis CEO, Carlos Tavares, resigns.
SPEAKER 06 :
amid a horrible sales slump uh st who you ever hear anybody i drive a stilantis yeah i don’t i’m not even i don’t even know where that name came from to tell you the truth i mean obviously jean i know their jeep brand is under there and part of their problem was uh you know they’ve had some reliability issues um recently among other things i mean it’s a tough business to begin with so
SPEAKER 05 :
Well, Fiat has always been known for reliability issues. Maserati, that’s a nice-looking car. But look at Stellantis. It’s down to $12. It’s a $35 billion company. Meanwhile, Tesla is a $1.1 trillion company. Wow. CEO out at Stellantis. And another well-known CEO, when we come back, is going to retire early. We’ll be right back. And welcome back here to the second quarter of today’s Best Stocks Now. So I was just trying to think, Barry, where’s our nearest Stellantis dealer? Maybe over there.
SPEAKER 06 :
Probably in Somerville, maybe.
SPEAKER 05 :
Somewhere, yeah.
SPEAKER 06 :
I think there’s a Jeep one over there in Somerville, if I’m not mistaken. Goose Creek. Yeah, Goose Creek. They have that one radio or TV ad that’s like something.
SPEAKER 05 :
Come on down to Goose Creek. Get a key at Goose Creek or something. Maybe that’s why he lost his job. Factory orders in France fall at the fastest rate since May 2020. I thought that would be interesting. I mean, May 2020 was two months after COVID was at its peak. And for the factory orders to fall down to that level here in 2024, that’s not good. German manufacturing is firmly in contraction territory. Okay, that’s not good. Europe is struggling. There is an inverse ETF called EPV, which is inverse Europe. I mean, Europe’s got a lot of things going against it right now, a lot of headwinds. They have, number one, a slow economy. It’s not even a single-digit GDP. It’s like a percent, 0.002, way down there. And number two, they’ve got the threat of the Trump tariffs on them. So they’re struggling right now. over there in Europe. Now, we’re going to get a few, I guess, earnings reports this week. Salesforce, they’re a member of the Dow. We’re going to get DocuSign, Okta, Zscaler, Marvell, Lulu. Dollar Tree, Dollar General, Ulta, actually quite a few, Kroger, ChargePoint, Archer Daniels, Midland. So we’ll get those. But all in all, we’re about 98% of the companies are in the books. It looks like it’s about a 5.6%, somewhere in there, 5.6% gain in earnings for the S&P 500 versus this… same quarter last year and of course uh… the fourth quarter is going to close in about a little over three weeks here and then we’ll be going after the uh… the earnings for the year uh… for two thousand and twenty four and the fourth quarter of this year now let’s talk about another car company that’s going the other way byd this is unbelievable they they sold five hundred thousand plus evs for the second consecutive month that’s in a month they’re running at a six million by contrast six million annual rate now they’re expected to do four million next year but it looks like they’re way ahead of schedule tesla does about a million cars during the course of a year so this is a pretty big threat here uh… to the to the tesla dominance will get the tesla here in a minute they’ve got some good news today but intel which is that nothing but bad news they’re kicked out of the dow uh… they keep they tried making some uh… a what they uh… a i chips that failed uh… i mean the guy that runs the company is no dummies been around a long time in the industry years i think is what yes But he’s retiring early. The company’s expected to lose 13 cents per share this year, which really is quite amazing. How do you lose money in a tech sector when you’ve got other companies making money hand over fist in the same sector?
SPEAKER 06 :
Ship demand since COVID has been through the roof in terms of mismatches between supply and demand in that space. Frankly, they’ve missed for a long time in terms of demand. Moving from one nano to the next nano, they’ve had some hiccups, and AMD really benefited greatly from that in the mid-2010s to now over the years. You know, it says one thing when you… When the CEO steps away, I saw this morning… The stock’s up 3%. Yeah, and it was up 4% or 5% earlier when the news came out. And I’m like, that’s kind of a slap in the face, right?
SPEAKER 05 :
You retire and it’s… Don’t let the door hit you on the way out. Man, that’s… Well, if you’re looking for a turnaround play, I mean… Intel certainly has some technology and some assets. It goes way back to the beginning of Silicon Valley. That’s basically where Silicon Valley got its name is from Intel. They were the start of it all. way back when. And now here they are, you know, Gelsinger is stepping aside. The stock’s up 3%. It has come up off its low. It got down to $18.50. It’s at $24.50. So it’s trading at 25 times next year’s earnings, which isn’t cheap. But they’ve had two quarters in a row that are just disastrous, and that leads to this early retirement. I’m sure it was kind of a mutual decision. Let’s call it an early retirement. Okay, now Tesla news. Tesla upgraded to a buy. at Roth MKM on abundant positive catalyst. And, you know, I pointed to the Trump win.
SPEAKER 06 :
Yeah, and I saw you sent out, I think you sent out a message on that this morning.
SPEAKER 05 :
Yeah, I sent out a message on that upgrade, and we did buy it, I don’t know when. It wasn’t last week, maybe the week before last, because it just seems to be a very – he’s got the wind at his back sitting at the main table in Miralago with Trump and being part of the – unofficially a part of the cabinet of the Trump administration – And all of the irons that he’s got in the fire and, you know, our anti-China stance is going to all be positive. And, you know, and more leaning towards cars made here in America is going to all help Tesla. So that’s the positive catalyst there. The negative catalyst is Governor Newsom giving every electric car a $7,500 tax credit, except for Tesla. I don’t know if they’re going to get that through, but that’s what he wants.
SPEAKER 06 :
I saw something where the state of California is trying to Trump-proof their state.
SPEAKER 05 :
Yes, exactly. What does that mean? Well, everything he does, they’re going to protect the immigrants, and they’re going to go after Tesla while… Obviously, Musk is in favor with the new administration. But cyber taxi and the cyber car, that’s going to be their next big thing. Wedbush, they have a big article out today. They say that Tesla’s AI bet is laying the foundation for a $2 trillion valuation. And they say in the next 12 to 18 months. So, I mean, that is significant upside potential. I’ve always found Wedbush to be a little bit too optimistic. not out there like Cathie Wood is, but they can be out there. I mean, to get to $2 trillion over the next 12 to 18 months, Tesla is currently sitting at, what did I just say, 1.1. That’s 80% to 90% upside potential over the next 12 to 18 months. What do they think the golden goose is? The cybercab. represents the golden goose for the automaker and technology company. Tesla’s betting big on autonomous. They’re betting big on the AI. And Tesla is up 3.3% today, $11 per share. And it’s looking to break out to a new 52-week high over at Tesla. T-S-L-A. If you don’t know the symbol by 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 02 :
Because there’s something in the air.
SPEAKER 05 :
And welcome back here to the second half of today’s Best Stocks Now show. Well, part of my process is the pipeline that I put stocks through. And it all begins with adding a stock to the database, which I added one this morning that it could be worth keeping your eye on. I’m certainly going to keep my eye on it. NVIDIA among the backers of Nebius, $700 million funding round. Now, I had never heard of the company before, okay? And I looked it up. Well, no wonder it just came public here recently. It’s out of the Netherlands. But it does trade on the NASDAQ, and the symbol is NBIS, Nebius Group. You know, look, if NVIDIA is going to invest or become part of the investors in that $700 million funding round, maybe it’s one I should keep on my radar here. What do they do? The company is going to build its full stack of AI infrastructure. It’s an artificial intelligence infrastructure play. They provide infrastructure and services to AI builders globally. Now, the other thing that impresses me about this company, at least they have sales. Do they have earnings yet? Not quite. They’ve had one profitable quarter. But the sales over the last three quarters, I mean, this thing is just now. It went public just a few months ago in, let’s see, July, somewhere in there. Okay. And they’ve reported three quarters here. Their sales were up 153%. The following quarter their sales were up 430%. And then the next quarter their sales were up 766%. If you put that in real numbers, this most recent quarter they had sales of $43 million versus just $5 million. the same comparable quarter last year. So that’s some pretty impressive sales growth. But it is a company that just went public not too long ago, has had these three dramatic quarters in a row. It’s an infrastructure type of stock, so it’s not going to be a real high multiple kind of a stock, but it’s definitely worth keeping your eye on. I put it in my database today. It will get graded over the next couple of days and ranked, but I wouldn’t be surprised. It’s got a pretty good chart, too. It’s trading at $25 per share. Market cap, $7.5 billion already. So, you know, NVIDIA’s got a lot of irons in the fire, Barry. They’re almost a little bit of a soft bank, in that they have investments in a lot of these startup companies in the artificial intelligence field.
SPEAKER 06 :
Yeah, when you have that much cash, you’ve got to have places to put it.
SPEAKER 05 :
You’ve got a lot of cash.
SPEAKER 06 :
And who knows? I mean, in the back end, they could be trading computing power for some equity, right? Yeah. In terms of some of these… Some of these plays, we’ve highlighted them being in some health, AI health verticals. Essentially, they’re in the middle of the AI space, and instead of just selling the equipment, think of it as a… I like to think of it, you know, we talk about the picks and shovels approach, but you think about the general store, and then the general store has also, you know, has also got a few claims around the place, right, in terms of the gold rush.
SPEAKER 05 :
Now, the stock itself is hitting $3.4 trillion today. In second place is Apple. Well, Apple’s taking the lead again. Apple is breaking out today. Look at that. Apple is breaking out to a new all-time high today, hitting $3.63 trillion. So it’s pulled ahead now of NVIDIA at a paltry $3.39 trillion. So Apple is back on top as the biggest company. stock out there nvidia is number two microsoft is number three at 3.2 trillion nvidia itself is uh trading between uh it’s in a trading range it’s 138 on the downside and 150 on the upside and that’s where it’s been It’s trading in a channel right now, a sideways channel. And, you know, a lot of times it gets down to the bottom of that channel and that’s a good entry point for NVIDIA because it certainly is going to go higher. from here unless somebody comes along with a new and better chip in the new out there. I don’t see that happening. But definitely keep your eye on this new one I added to the database. Now, here’s one I’ve never seen before. Here’s a one for 5,000 reverse stock split. on psych medics i just bring that up so you know that this stuff goes on in the market pmd i think the investors got a little bit of pmd whatever that is a five thousand to one so you wake up you had five thousand shares you wake up and you only have one share But that one share is 5,000 times higher in price. It’s $2.35 now. It must have been just a few pennies before this big split.
SPEAKER 06 :
Sounds like they’re trying to maintain listing requirements.
SPEAKER 05 :
Yes. They don’t want to be ousted from the NASDAQ. U.S. puts restrictions on China’s access to AI chips and tools. And I think that’s a big part of why NVIDIA is in a trading range. Because, you know, we just keep clamping down. They’ve now placed additional. The U.S. Department of Commerce, and I don’t think Trump’s going to be any easier on China, has placed additional curbs on China’s access to vital tools and components for AI chips. The biggest one they’re going after, they’re restricting sales of 27 types of the high bandwidth memory, HBM, which a lot of that comes from Micron and Japanese and Korean companies. But that is definitely a headwind. The chip sector definitely has the wind. It continues to have the wind in its face where it was like uncontested for many months as the leading sector in the market earlier this year. Okay, global arms sales rise on demand linked to Ukraine and Gaza wars and Asia tensions. The sales of arms and military services by the 100 companies in this index reached $632 billion in 2023, up 4.2% from a year ago. Well, you have this truce now. uh between israel and lebanon but they dated it uh to end you know i think the day after trump takes office i think what they did is just bought time uh until uh they have a little bit more friendlier the way they see it he’s friendlier towards israel than the biden administration has been so it’s good growth you know the weapons the missiles and bomb business the masters of war as bob dylan called them 4.2 percent up from last year europe natural gas prices pushed a year-to-date highs i continue to like the lng stocks i think there’s going to be a much more favorable atmosphere For those companies down in Houston where a lot of those plants are, including LNG, Chenier Energy, which is one of our favorite LNG stocks. And, you know… changing it to liquefying that natural gas and then shipping it to Europe. Right now there’s a moratorium put on it by the Biden administration that we cannot export our liquid natural gas, and they’re expecting a very cold winter. Seems like winter arrived early here.
SPEAKER 06 :
It’s a little chilly here today, isn’t it?
SPEAKER 05 :
Well, winter arrived early here. We were 32 degrees on Saturday morning, which is unusual for Charleston. Like a wet blanket. My lettuce plants made it through. I’ve got to have my romaine Caesar salad, you know. Strawberry fields reeked. How about this? Here’s a REIT, Strawberry Fields, S-T-R-W. Invest in that one, offering public shares. And then a couple of Bitcoin stories. Ah, you know, is this the ultimate pyramid scheme, I ask. You know, I’ve seen some things go south over the years. The NASDAQ, for instance, 79%. There’s been some very famous bubbles over the years, going way back to the Dutch tulip bulbs. The British, what was it? They had the shipping British, the boats and ships that went to the, rocketed and then collapsed. You had others. Now they’re borrowing money. They’re putting bonds out there to buy Bitcoins. Senior notes. So what do you own? You own a note that is totally tied to the price of Bitcoin. That’s pretty scary. That’s getting out there on the limb. Okay, when we come back, we’ll take a look underneath the market. There’s a little bit of momentum bubbling down there today. Where is it? We’ll find out.
SPEAKER 01 :
You got to go where you want to go and do what you want to do it.
SPEAKER 05 :
And welcome back here to the final segment of today’s Best Stocks Now show. Well, there is some momentum here underneath, bubbling underneath the market. Now, the Dow is down 100. It’s mostly Raytheon, Amgen, JP Morgan, Pfizer, Chevron, Caterpillar. Kind of the non growth stocks of the Dow dragging it down. But let’s look here over here on the upside. Boeing is definitely notable. Okay, that’s a good chart on Boeing. The turnaround maybe is in place there at Boeing. They’ve got everybody back to work. They’re getting contracts. They’re building again. That’s a very good chart. Boeing got clear down to 137 over the last few weeks, two weeks ago. It’s up $23 a share, almost 20%. Since then, headed for a breakout out of a bottoming formation, a bottoming formation. We call that a number one sideways breakout. And you’ve heard us call bottoms on the NASDAQ a couple of times back in March of 2020, again in January of 2023. That’s when they finally settle in and they start going sideways and start building a base where there’s support. There’s buyers there, and Boeing got down to 137. The news started to change, and now it’s got a very good chart. Microsoft has a very good chart all of a sudden, threatening to break out. I read today that they’re going to try to sell more advertising on ChatGPT, which gives them another avenue of revenue. Coming into the company, that’s a very good chart on Microsoft, which we continue to own in our dividend account and in our premier growth account. We also have Amazon today with a very nice chart. In fact, Amazon is closing. I imagine Black Friday helped.
SPEAKER 06 :
Yeah, and Cyber Monday.
SPEAKER 05 :
Yes.
SPEAKER 06 :
Didn’t we have Amazon? Didn’t we have Prime Day? It was in November, too, wasn’t it?
SPEAKER 05 :
Yes. If you want to know how well Black Friday did, Amazon is just $2 away from its all-time high, $3 away from its all-time high at $2.2 trillion. It’s up 1.8% today.
SPEAKER 06 :
And aren’t they making us sell something where you’re talking about NVIDIA making investments? I saw something where what Amazon, I think, is going to put up, I think they’re putting up close to $4.6 billion to, I think they’re doing something with Samsung.
SPEAKER 05 :
Quantum computing. Yes, and the quantum computing. And those quantum computing stocks that I added to the app. Those are lively, let me tell you. They’re lively. I’m checking them every day. And, you know, like if I do any trading, you know, on the side, outside of the portfolios, the live trading subscribers are getting those too. They want a little more action, I think, than buying Microsoft for the long term and things like that. The chart of the day is Apple. Okay, I’m not a fan of the stock right now because I just don’t see the catalyst for the growth. But something’s going on. It may just be that there’s a lot of buying in the big tech stocks. I mean, what do these three big movers have in common? Sometimes a company like Fidelity will say, let’s step up our exposure to the magnificent 7% by 10% or whatever the case may be. And big money goes into those seven stocks. That kind of looks like the case today. You’ve got Tesla up, Microsoft up, Apple up, and Amazon up. Apple, it’s notable that it’s hitting a new all-time high today. And it’s back in first place at $3.63 trillion. And if you look at that chart, I’m sure I’ll be sending this chart out during today because there’s a real lesson in that chart. It’s a perfect example of a fresh, Apple’s been going sideways trading in an up and down channel, sideways channel since July. And when you get a breakout through that ceiling, that resistance area, that’s notable. Okay, my problem is I calculate 56% upside potential unless there’s some news out there that I haven’t figured out yet. But that’s a very nice breakout on low volume there for for Apple today. Okay, so now let’s check the S&P 500 a little bit here underneath the surface of the market. see what’s driving it it is still up it’s at an all-time high today so we always like to see which of the stocks in there are doing the oil stocks are weak today i can tell you that i see that right super micro computer which is the volatile stock of the year yeah it’s up 19.8 percent today
SPEAKER 06 :
So interesting take on that. I mean, apparently they – it sounds like they did an internal investigation. I don’t know what – it could be good or bad. But they looked at what their business units looked at, all of their accounting, and didn’t find anything. And then, of course, what I believe they hired a new CFO today. And so – I don’t know if this is the last we’ll hear of it or what from the accounting standpoint. Really never figured out what it was.
SPEAKER 05 :
No, it’s kind of a shame that they lost so much of their value on what seems to be false allegations so far. But we’ll see. You know, I mean, there were short reports. There were delayed reports. I’m sure they stopped. We better audit all of this stuff. We could be in trouble here. And now the stock is moving in the right direction. And, of course, it’s right smack dab in the middle of all the AI infrastructure going And that’s a good chart on SMCI. That’s a very good chart on SMCI. It’s bottomed. It bottomed at $17 a share. It was $122 at one time. And then it started to stabilize. It started to go sideways. And now you’ve got a little breakout there today. On SMCI, so it still takes a little bit of bravery to step up to that stock because of all that’s swirling around it. Gap Stores is having a good day. Kohl’s, this is all on Black Friday, I’m sure. Bed Bath and Body Works. Lam Research is having a good day, up 4%. And Intel, with the new CEO, it’s actually a committee, I think, or two co-CEOs. It’s up 3.4%. And last but not least, we’ll take a look underneath the NASDAQ, which is doing the best, and why not? I mean, you’ve got moves in Amazon, new high in Apple. These are my kind of stocks, obviously. Tesla up 2.5%, AMD up 2.2%, Meta up 2.1%. These are the stocks that broke out on Friday and it’s following through today. So it’s shaping up well here. We should have some fun today and definitely some fun between now and the end of the year. I always try to have fun. I love what I do and try to share my observations with you throughout the day. My Black Friday, I carried it over to Cyber Monday. You get four free weeks, live trading with Gunderson. Go to GundersonCapital.com. Or if you say, you know what, I don’t have the time. I’d rather hire you guys to do it. Give us a call. Set up an appointment. 855-611-BEST. 855-611-BEST. Happy Cyber Monday, everybody.
SPEAKER 04 :
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.
