Embark on a journey with Bill as he not only breaks down economic trends but shares personal adventures from Daytona Beach to watching live space launches. The episode takes intriguing turns, linking space exploration with market activity, and highlights the promise of quantum computing. Bill also discusses the strategic positions on energy stocks and the importance of staying vigilant in recognizing the best stocks now. Tune in for a blend of market intelligence and personal anecdotes.
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 Gundersen Capital Management. Here is professional money manager Bill Gundersen.
SPEAKER 04 :
And welcome to the Wednesday, the midweek edition of the Best Stocks Now show on this January the 15th with professional money manager Bill Gunderson, president of Gunderson Capital Management. And I’m here with Barry Kite, our chartered financial analyst, and I am watching the second blast off this morning. i’ll get to that in a bit but the blast off in the market first the dow is up six hundred and fifty nine points right now that’s a one point six percent gain why a cooler than expected cpi that’s the consumer price index report and the nasdaq is tacking on even a bigger percentage gain it’s up two point two percent right now it’s up four hundred and thirteen points 19,458. And the S&P 500 is up 1.6, 1.7% right now. The Russell 2000 is up 2.3%. And as you might imagine, interest rates are plunging today after this report. The 10-year, the last time I looked here, the 10-year was down about 13, 14 basis points, and it still is. And we’re clear down to 4.6. Let’s see. Let’s see. The 10-year right now is at 4.6. Well, where did it go, Barry? 4.58, something like that is where we’re at.
SPEAKER 03 :
It’s moving, yeah. I’ve got it right here on my screen. Let’s see. It’s moving all over the place. We got it at 4.65% at the moment. So down 13 basis points.
SPEAKER 04 :
Yeah. Exactly. So welcome to today’s Best Stocks Now show. with professional money manager Bill Gunderson, president of Gunderson Capital Management. I will warn everybody, I’m on just a little trip here today and through the weekend, but working as usual. I take my office with me wherever I go. And we last night were headed down to the Disney Cruise Area, Port Orlando, Florida, And first we stopped, Barry, and just as luck would have it, I said, let’s stay in Daytona Beach, break up the trip a little bit. It’s about an hour north of Port Canaveral. We go to this massive hotel on the beach. It’s just massive. And they go, well, we don’t have any vacancies.
SPEAKER 02 :
What?
SPEAKER 04 :
Okay, January, Daytona Beach. We go to another one. And then we start to figure it out. Oh, yeah, it’s race week. Oh, race week. They’re going to have the Daytona 500, I guess the Daytona. What a massive speedway.
SPEAKER 03 :
I’ve been to Daytona. Growing up in Florida, I’ve been to the Daytona 500 a good bit. Since they’ve done the remodel, I guess about five or six years ago. Wow. It’s a lot more like sitting in an NFL stadium in certain parts of that track.
SPEAKER 04 :
It’s unbelievable.
SPEAKER 03 :
Yeah, but they start, you know, speed weeks, I guess, probably starts now. I don’t, the Daytona 500’s probably, my guess is calendar-wise, usually early February. So, yeah, they’re just, everyone’s getting there now to do some testing and get things rolling over there.
SPEAKER 04 :
The guy looked at us, he said, are you stupid? It’s race week, dummy. Okay, all right. Thanks a lot. And we’re just breaking up the trip here. Yeah, and we stopped for dinner at, I’ve always wanted, I’ve always seen it as one of the off-ramps on the freeway, the oldest city in America, right, St.
SPEAKER 03 :
Augustine? Yeah, St. Augustine, that’s right, yeah.
SPEAKER 04 :
What a beautiful little city with all of the Christmas lights still up, and it was really just kind of magic.
SPEAKER 03 :
You’ve got the Bridge of Lions there. You should have stopped by and got a sprinkle of the Fountain of Youth. It’s over there.
SPEAKER 04 :
Oh, I’ve already drank of that. Oh, you’re good.
SPEAKER 03 :
Okay, good.
SPEAKER 04 :
Perfect. Yeah, I’m good. even though I get a little older this Saturday. Now, okay, so I said, well, we’ll head on down closer to where they leave, the Disney Cruise. We’ll head on down to near the Kennedy Space Center there. And as luck would have it, all the hotels were sold out except for one. We’re staying, like, right across from where they launched last night. I watched it. I mean, how could you not get up at 1 a.m. and watch that? SpaceX rocket headed for the moon. That’s neat. It’s going to drop off hardware on the moon.
SPEAKER 03 :
Two satellites, right? Yeah, two satellites are shooting off of that thing.
SPEAKER 04 :
Yeah, but more importantly is, yeah, they’re putting a rover from Japan on the moon. And, you know, look, I envision the old days when all the smoke and the plumes and everything and the fire would come out. It’s not like that anymore. It’s a very slow, orderly process. It’s awesome. All of a sudden, this bright light appears right at 1.11 a.m., and it slowly, slowly moves off of the launch pad. But, you know, I was telling my wife this morning, you know, we’re sitting, this is hallowed ground here. This is where the first, you know, spaceship left, the Apollo 13, the Neil Armstrong, the Challenger explosion, everything, right out our window. So anyways, it’s kind of cool. I watched that liftoff this morning, and then I watched the liftoff of the market here after that benign CPI liftoff. I sent out my views of the charts of the S&P, the NASDAQ, the Dow. The Dow is hanging in there.
SPEAKER 03 :
Support held, at least for the moment, right?
SPEAKER 04 :
I’ll say. And a big bounce today. I said the NASDAQ is barely hanging in there. The S&P is hanging in there. No need to do anything. Stay the course. And we’re being rewarded today. There’s also quite a bit of news out there on Quantum today. A little bit of a rebound there. Yesterday, oh man, it was all about the oil and gas stocks. You know, he’s going to sign, President Trump, elect Trump, in five days is going to sign in a bunch of executive orders. And one is going to be to really boost production of oil and gas here in the U.S. And who that helps are the picks and shovel companies there, which we own a few of those.
SPEAKER 03 :
The Halliburton of the world, right?
SPEAKER 04 :
Yeah, Halliburton and the other one that’s really blasting off is, let’s see, I can’t think of the name of it right now, but it’s doing very well.
SPEAKER 03 :
Kinder Morgan, I mean, your pipelines. Kinder Morgan blasted off. Yeah, pipeline should also benefit.
SPEAKER 04 :
Baker Hughes is the one I was trying to think of. Baker Hughes blast off. The blast off also yesterday that caught my eye more than any, look at this chart on GE Vernova. GEV, that’s the spinoff from GE of their nuclear and their power, you know, segment. Look at that. That looks like a… And by the way, there’s going to be another spaceship lifting off at 1.11 a.m. again. I guess that’s the time they launch around here. Jeff Bezos, Blue Origin, which that would be, he’s trying to compete.
SPEAKER 03 :
And that one got delayed by a few days. It was supposed to go off, what, I think a few days ago, if I’m not mistaken.
SPEAKER 04 :
Who knows? It may not go tonight either, but it is scheduled for 1.11 a.m. again, and that’s his entry into the space race. It’s all these billionaires, right, money to watch their rockets blast off. In the meantime, I’m sitting here watching GE, Vernova blast off, and, of course, Vistra blasted off too yesterday. Look at Vistra’s chart today. That’s what we call a classic cup and handle. You know, we own these in our dividend portfolios, but I’m thinking now that they belong in our growth portfolios. And let’s not forget Constellation Energy, Three Mile Island. It’s blasting off, too, right now. So, look, if you want to know where to come for best stocks now, you found the right place. At least we do our best to try to identify best. those hot spots, the heat map in the market, which continues to be a big heat map.
SPEAKER 03 :
Yeah, from the earth and beyond. I mean, we’ve got some rocket talk. Who knew that Captain Kirk needed so much private funding, right, to get the whole enterprise off the ground back then? They didn’t cover that part of the story, did they?
SPEAKER 04 :
You know, it’s just an awesome sight. It’s like a star. It’s like a star being launched, a new star being launched into outer space. I was odd, but I did take a video. I will put it up. I’ll try to send it out to all of our subscribers here today. But anyways, we’re off to a very, very bullish start in the market today. After a very shaky start in the market, So far this year, especially in high tech, we’re seeing the market spread out quite a bit into energy. Energy, energy, energy. I don’t care if it’s the black, dirty kind of energy, the people that help bring it out of the ground. Or if it’s the nuclear energy, that is the leading sector in the market right now. Okay, so let’s take a look at the CPI. Do we have to know? When we come back, Barry will have a rundown. We’ve got a 3.2% year over year. What’s going up? What’s going down? I do see ice cream’s down 1.5%. That’s good news. But carbonated drinks, man, what I’m paying for a 12-pack of Mountain Dew, I can’t even believe it. We’ll be right back.
SPEAKER 1 :
guitar solo
SPEAKER 04 :
And welcome back here to the second quarter of today’s Best Docs Now show. Wow, our stuff’s blasting off here today. Just like the, kind of like, you know, I just saw this bright light all of a sudden on the ground. I mean bright, like a star. And then all of a sudden it just started to lift off very slowly and orderly. Not like all the smoke and rumbling and then it just went almost like a helicopter speed. Very unusual, but we’re blasting off here. We’re up almost 2% here all of a sudden with the big, big surge in our Best Stocks Now portfolios today. Okay, give us a little rundown. Eggs is what pops out to me, 32% year over year. Ouch. Yeah. What pops out and what looks good?
SPEAKER 03 :
I mean, really, you actually would have had a much lighter number, particularly on the top line. For the month, you had a CPI of 0.4%. That equates to top line number 2.9% for the year. We’ll get to the core in a second, but you’ve been mentioning energy and oil prices rising. If you take out energy, energy was actually accounted for, I think, 40% of the increase this month because overall energy was up 2.6%. For gasoline, that was 4.4%. So energy was really the biggest driver of inflation this time. The core… actually came in less than expected, came in at 0.2% for the month also, and that’s that 3.2%, kind of the headline number for core, which takes out the stuff we need like food and energy. But the biggest thing there, I think, it’s always kind of entry. When you look at those, as you mentioned, those individual items, used cars down 3.3% for the year. which is one of the main items that’s keeping that core number down. I always think about the fact that if you’re not in the market for a used car, if you’re not in the market for a new vehicle, Well, then you haven’t seen inflation wane, right? You’ve only seen it really go up. Shelter up 4.6% over the last 12 months. Medical services up 3.4%. Another big item, of course, energy up 3.6%. But food is just really where it’s been.
SPEAKER 04 :
That’s the problem.
SPEAKER 03 :
3.6% food away from home, which probably doesn’t include the tip, by the way. And then food in general, up 2.5% in the last 12 months.
SPEAKER 04 :
Okay, well, Trump is gearing up for executive orders to boost fossil fuels. He’s going to downplay the EV mandates, etc., So that was very bullish for especially the liquid natural gas. LNG, Chenier had a big day. Hess, Williams, next decade. Kinder Morgan, all of those. South Korea arrests their president. A little political turmoil. You know, nothing big. But they did come in and arrest him. Germany’s GDP shrinks. 0.2 in a year. That’s recession. Europe’s still looking very, very weak. Elon Musk being sued by the SEC. You know, it’s kind of cheap of them to do all of these things with just a few days left in their reign. But that’s over that Twitter stock purchase that he didn’t supposedly disclose that he had already taken a stake in Twitter. But I’m sure they’re out to get Elon Musk. You know, we’ll just see when the shoe’s on the other foot here pretty soon. Are they going to strike back? It just doesn’t seem like the other side does that kind of thing. Weaponizing. They’ve weaponized the SEC big time. Rigetti leads quantum stocks higher after B. Reilly says some commercialization concerns misplaced. And I agree with that. You know, he made a very broad statement that an actual quantum computer, you know, like the IBM old mainframe computer or the desktop computers that we have now, an actual quantum… But there’s a lot of interim steps in between now and there that, you know, Jensen Wang kind of leaped over, and we’re starting to find out that… that there’s a lot, you know, in the next few years that are out there on the horizon. Some commercialization concerns are misplaced, says B. Riley, and I agree with that. So anyways, they are rebounding somewhat today, some of them, and it’s being helped. D-Wave, which is probably one of the leaders, QBTS, for sure it’s one of the leaders. QBTS is now up 32% today, 32% today. We own that in our incubator portfolio. That’s where it belongs. That’s where it’s going to stay. It’s an incubator stock. It may or may not ever hatch a chicken or profits, but D-Wave up 32% today. Partnership with Kerasoft Technology in a bid to take quantum computing to the masses, to the little guy. You and I, maybe I can inject a little quantum power into the app. I don’t know. Or into the portfolios.
SPEAKER 03 :
Yeah.
SPEAKER 04 :
And then the other one is QUBT. QUBT is up 45% today. Now, that’s volatility.
SPEAKER 03 :
In both directions, right? Unbelievable volatility. People forget that when you look at standard deviation and the measure of volatility, right, it also… It also measures the good volatility, the upside. And so volatility can kind of be, you know, it’s a double-edged sword, right? In this sense, NVIDIA has been very volatile, too. Yeah, I mean, NVIDIA has been very volatile.
SPEAKER 04 :
Yeah. But not like this. Rigetti’s up 26%. Betty Spaghetti, Rigetti, and IonQ is up 27%. Maybe Jensen Wang just wanted to get in. He talked him down. He hammered him by 60%. Then he loads up, and now he’s cashing out. I doubt it. I don’t think he needs the money, really. Okay, now we’ve got a lot of earnings. Welcome to earnings week. Okay, welcome to earnings season. It’s now underway. The Daytona 500, gentlemen start your engines. They have started their engines. There’s just a few other things infecting NVIDIA today. The U.S. continues to weigh options. I don’t know why we’re doing this with just five days left in the Biden administration. U.S. moles tightening the flow of Taiwan semiconductor and Samsung chips to China. NVIDIA is only up a couple of bucks today. And that just goes to show that I think I’ve been right on saying it’s the China problem that’s been keeping NVIDIA from blasting off and taking off. Okay, when we come back, we’re going to talk about a stock named Pony. Can this Pony run? And guess what NVIDIA is going to have, their first ever quantum day. Well, thanks, Jensen. at their annual GTC conference. They’re going to have a quantum day.
SPEAKER 05 :
We’ll be right back.
SPEAKER 04 :
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. There is something in the air. We have liftoff. We do have liftoff in the market here this morning after a better than expected CPI report. Does that mean the Fed will now give us a rate cut at the next meeting? I doubt it. But what we’re seeing and what is boosting the market today backs up what we always say is the market depends a lot on interest rates. Interest rates have a big impact on the multiplier. Earnings are fine for the market. The multiplier has been getting hit by rising interest rates. It shrinks the multiple that people are willing to pay for those earnings.
SPEAKER 03 :
And some of those bank earnings have given us a little extra, kind of a double boost, too. Yeah, right. Absolutely.
SPEAKER 04 :
We’re going to go through that. So we’ve got… Interest rates down a whopping 13 basis points after they looked like they were headed for 5. And I’m not sure they won’t get there still. But we got clear up to 4.80.
SPEAKER 1 :
4.80.
SPEAKER 04 :
Now we’re backing off. We’re down around 4.67. And that’s boosting the multiple. And the bank earnings are boosting the earnings. So we’ll get to those bank earnings in just a little bit. There’s just a couple other stocks I wanted to talk about here before we do that. We have, let’s see, Pony I want to mention. That’s, you know, it seems to be a leader, a potential leader in the robo-taxi space. But it is Chinese. The only thing I can say is they’re going to now conduct tests on big autonomous truck platoons. So that helps them, just that they have the quantity, the mass of cars and platoons now to test out this autonomous. And, of course, that’s where it would really help the truck drivers. making these trucks autonomous. Well, anyways, keep your eye on Pony, P-O-N-Y. We own a little bit in our emerging growth portfolio. Now, here’s the one that surprises me. After Jensen Wang comes out and says, ah, 20, 30 years. for quantum he must have made somebody mad nvidia is now going to unveil is unveiling their first ever quantum day go figure an annual gtc i don’t know what gtc stands for is that an olive branch we’re gonna do it must be The annual event where NVIDIA has announced its Hopper. I mean, this is their big annual event. And Blackwell Line of Products in the past will see NVIDIA’s founder, Jensen Wang, discuss a myriad of quantum-related topics, including what’s possible and available now. Oh, Jensen, now you’re seeing it in quantum computing and where quantum technologies are headed. The company said in a post on the website. Well, believe me, that is giving a big boost. That is going to occur on March 17th to March 21st. So there’s a lesson in here. Okay, if you go out on the limb in a very speculative area of the market, That’s why I call it incubator. I don’t have a better name for it than incubator. But they are public stocks, okay? That’s a massive threshold that they’ve passed through to go from, you know, venture capital, private funding, you know, early shares at a quarter apiece or whatever. and eventually going public. So that is a big milestone that they’ve already reached. But now it’s like, prove it to me that you really are the right stuff. And that’s where those quantum stocks are, way down on the scale, kind of with robo-taxi, autonomous driving. It hasn’t come to fruition yet, but there are interim steps along the way, which we’re learning that there are uses for this technology. Now, okay, so now what happens? You know, we invested, we owned two. I did own Rigetti, and Rigetti, I caught it at the right time. It went up like two days later. It shot way up. And I said, you know, that’s a gift. I’m going to take that one. And I didn’t get back into it. And then we owned two others, the two that I mentioned, QBTS, which is D-Wave, and QUBT. And I doubled down. I really liked the way QBTS D-Wave was trading, and I made it a double position. Now you say, what is that, Bill? Well, in the incubator portfolio, I’m looking to own 40 to 50. I’m making 2.5% positions. Very small. In other words, in a $100,000 account, I’m only putting like $2,500 into these stocks. Because I realize they’re out there on the horizon now. If it starts to look good, I will go up to 5%. And that’s what I did. And then it was like a day later that Wang comes along and wangs these stocks with a knife through the heart. And people say, what are you going to do with this position? Well, I’m not going to sell it, right? That’s why it’s an incubator stock. It’s way out there on the horizon. Now, I didn’t expect that kind of a hit, but I did get hit. I said, look, all you can do is hold on at this point. Are you going to buy more? No, we’ll just let this settle. The dust settled a little bit, and, of course, they’re having big days. So, you know, this is going to happen to you at times. Now, there’s times when it’s best to lick your wounds and walk away from it, okay? But generally speaking, stocks are much more orderly than a 60% hit in one day. That doesn’t happen very often.
SPEAKER 03 :
Yeah, and in the quantum space, you know what you’re getting into, right? I mean, it’s a biotech version of technology, really.
SPEAKER 04 :
Exactly. I mean, hey, Zuckerberg can’t even explain quantum. Okay, that’s… That’s how kind of out there that it is. So generally speaking, it’s very rare. You know, I can’t remember the last time we owned a stock. Now, the clients don’t own it. I personally own it, and I take the risk with my incubator portfolio. Now, some of the traders, I’m sure, that are following me bought into it. number one never make it more than two and a half to five percent of your overall portfolio so you can’t get hit too much if you got a hundred thousand dollar portfolio and it goes to zero the most you can lose is twenty five hundred dollars and if you’re in it for five grand is is is five hundred five thousand dollars and you still got ninety five thousand to work with never make it a big uh big uh position number two Generally speaking, stocks trade in a pretty orderly fashion. They’re either in an uptrend, a downtrend, a sideways trend, etc. But once in a while, and not very often, you get a knife in the heart and it’s down 65% in one day. Well, you just have to wait for the dust to settle. You have to be a little bit patient. Because what happens is when somebody comes along and hits something hard like that, in this case, one person did it. They have a chance to respond. All of the analysts out there, the community that follows these talks, the CEOs, et cetera, that’s the phase we’re in right now. They’re responding. defending their little space that they’ve carved out. And then to see Wang kind of come to realizing maybe what he had done, he’s kind of walking back some of his words. So, you know, I mean, we own them. They’re up 45% today. And that’s the way it goes in this space. Now, in the portfolios that I manage for the clients, it’s a much different kind of philosophy. We’re investing. The other one, I have to be a little bit more nimble. I have to have a little bit more of a trading mentality. Because of the nature of the beast, they are public companies. You know, these guys that run venture capital funds, how many stocks do you think they’re invested in? How many startups do you think they’re invested in? With the hopes that one or two of them, right, will go public and be a hit. Well, I mean, we’re a step above that. These companies are now public, which gives us liquidity. Okay, it’s liquidity. We can get rid of it. If it’s not working out, it’s a publicly traded company. But when you get into the premier growth portfolio and ultra growth and the dividend, we’re investing in those companies, but we also manage them pretty tightly. You know, I feel like I’ve probably made a mistake. If it starts drifting lower and gets down 10%, 11%, I really start questioning whether I’ll put up a yellow flag and then a red flag, and then this is your last chance. You break this level, baby, and I’m going to have to cut you loose. send you back to the minor leagues, back to Albuquerque, right? But I manage those a little bit differently. Those are investments. But they still have to be managed. You still have to be vigilant because bad things happen to good stocks, too, from time to time where something will change. Look at AMD. The fortunes changed there about a year ago, and they’ve never come back. And that was the right thing to sell it at the time we did. We’re not always right, but we try to make very wise, lots of little decisions on a daily basis. When we come back, J.P. Morgan, Goldman Sachs, Citigroup, and Wells Fargo. How are they doing?
SPEAKER 05 :
Thank you. Thank you.
SPEAKER 04 :
And looking back here to the final segment of today’s Best Stocks Now show. Before I get into the boring banks here, you know, one list of charts that I begin my day with every day right after the show is the stocks that we own, obviously. They get looked at every single day, maybe a couple times during the day, several times in some cases. And, you know, I try to… People transfer stocks in that we keep and whatnot. And between all the portfolios and bonds that we own, we own about 132 positions as of yesterday, Barry. And as of today, I look and I go, there’s 232. Somebody transferred in. Now, 100 positions, I don’t know where it came from. I’m going to guess like Raymond James. You can tell me after the show. We don’t want to embarrass any of the big regional firms out there. But there you go. It’s all the usual suspects. Why would you own 100 stocks? Archer Daniels Midland, Amgen, Bank of America, Caterpillar, ConocoPhillips, Comcast, one of the worst stocks out there, Disney, Dollar Tree, which is, who’s been watching the Mint? Dollar Tree’s been getting killed. Dow Chemical, Eastman Chemical. Illinois Tool Works, Home Depot, Goldman Sachs, Honeywell. Johnson & Johnson is in every portfolio that comes in from another firm. I knew that one was in there. I was waiting for you to get to it. Okay. They’ve got a big smack in the Russell 2000 ETF, which is a dog, especially Coca-Cola. always in every portfolio that comes in from big broker firm abc nike nike new core pfizer hasn’t done anything in years there she is the pride of cincinnati procter and gamble paypal southern copper oh god this is junk sempra AT&T is going to be there. Yeah, there it is, AT&T. Verizon is going to be there. Yeah, there’s Verizon. Okay, now that’s the bad news. The other bad news is, Barry, I’m preparing a list of about 75. I’m just writing them down, and then I’m going to send it over to you. You’re going to do the weeding today because you’ve got to do it. It’s a little bit on the – It’s a little bit on the, you know, it’s time consuming. But, you know, you do it once and it’s done.
SPEAKER 03 :
Sometimes you say you need a chainsaw instead of a, you know, instead of a hoe.
SPEAKER 04 :
Well, in a case like this, you have to go into the portfolio and pick it and sell it one at a time. There’s no other way around it, which is cool. I mean, that’s what we get to do. And I don’t have to look at these stocks tomorrow when I go through my charts because I don’t like looking at bad stocks. It just ruins my day. So there’s your typical. Believe me, this is so typical. If you have an account at one of the big wire house firms or one of the regionals, you’re probably going to have a very similar portfolio, 100 stocks. There’s a few good ones sprinkled in here and there. Not many. I don’t see many. They’re mostly everything you don’t want to own. So anyways, I just thought I’d mention that. Okay, and you can tell me after you can text me where this portfolio came from. I’m guessing like, well, I’m not even going to guess. Okay, now let’s go look at some of these big dogs. Yeah, you can message me. I can almost guess. I’m pretty sure I know. Okay, Wells Fargo reports earnings. How’s Wells Fargo doing? I wouldn’t own Wells Fargo. If you paid me. Wells Fargo WFC is up, however, 5.5% today.
SPEAKER 03 :
Well, if any of the other banks were an indication, right, that Wells Fargo should perform well this coming round.
SPEAKER 04 :
Yes, and the only bank I would own stock would be, I think Jamie Dimon is one of the best CEOs in America. Smart, grows his earnings every year, not by a lot, but by enough. That stock, it’s 251. And he can move markets.
SPEAKER 03 :
Right. He can move markets in the direction he needs them to move to a certain extent.
SPEAKER 04 :
He’s highly respected. Right. And I would at times. I don’t like the interest rate environment right now for Goldman Sachs, but there’s times when they get it right. Goldman Sachs is up 5.5%. But it hasn’t been a big returner. You can look at the 10-year return on the app, what it’s returned over the last 5, 3, 1, 10 years compared against the S&P 500. And you’ll see it’s underperformed the S&P 500 by quite a bit. And then the other one that has reported today is Citigroup, which almost went under. During the 2008-2009 financial crisis, they almost went under. They barely came out of it. And now they’re back and swinging. They’re back to $147 billion in market cap. They probably have the best report of all. The city is up 6% right now and breaking out, but it’s been in that 80 area. It gets to 80 and it can’t get any further than that for the last seven years. That’s what it gets up to 80, drops back down to 60, goes up to 80, drops back down to 60. Well, today it’s at 80 up at that higher end of the range. Okay, so that is earnings. Let’s just put it this way. Earnings season is off to a good start. Okay, four big banks. They’re all up 5% to 6% today. uh… like i say we don’t have an earnings problem it’s been the multiple and today we’re getting help on that a little bit with interest rates dropping okay well i’ll be uh… going through all of our holdings today sending out all of the tweets or the messages throughout the day not tweets emails throughout the day we’re having a phenomenal day here with our stuff And you can play along. You can just observe. You can keep a paper portfolio. That’s a good way to start. Play around. Set up several portfolios of your own and follow along with the logic. and the teaching that I do here on a daily basis. Or you say, I don’t have time to do that. I’ve got a full-time job. I’m doing three heart surgeries tomorrow. Well, that’s what we do for a living. While you’re doing what you do, we do what we do. I do heart surgery on portfolios every day. and I’ve done thousands of them over the years, you can hire us to do that work for you. 855-611-BEST. If you’re in a mess, 100 stocks, none of them too good, nobody winding the mint, give us a call and interview us. 855-611-BEST. Or sign up for the four free weeks at GundersenCapital.com. GundersenCapital.com. Have a great day, everybody.
