Bill Gundersen welcomes you to a detailed exploration of global market rotations. As U.S. markets face high valuations and technical ceilings, the conversation shifts to the burgeoning opportunities in international equities, particularly in Europe and China. Discover how companies like Alibaba and MercadoLibre are gaining momentum, while also investigating how established U.S. names like Booking.com continue to show resilience in the face of economic pressures.
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 03 :
And welcome to the Friday. It is Friday, February the 21st. Do you know where your portfolio is at today? This is Bill Gunderson, president of Gunderson Capital Management. And I’m here with Barry Kite, chartered financial analyst, certified financial planner, and everything else. And it’s a chilly 29 degrees here this morning in Charleston, South Carolina. which is pretty cold for this neck of the wood. The market’s pretty cold. What the heck? The Dow’s down 392 points right now. A lot of that is UnitedHealthcare. It looks like this could be Trump’s Department of Justice first investigation, and they’re going to look into the practices over at UnitedHealthcare. which we’ve heard a little bit about with the murder of one of their CEOs recently. The Dow down 392, 43,783. We’ve got the NASDAQ down 60 right now. to 19,900. The S&P is down 24 to 6,093. All of the indexes right now fighting technical resistance and high valuations. That’s a little bit of a struggle right now in the markets. The bond market’s doing okay. It’s down one basis point, and we’re down to 4.47. Now we’re down four basis points. That’s good. And Bitcoin’s got a little bit of lift under it again. Once again, it’s up 1,844 to 99,060. So welcome to today’s Best Stocks Now show on this February 21st, a very chilly day. mostly across America. This is the Best Stocks Now show with professional money manager Bill Gunderson, president of Gunderson Capital Management, a nationwide fee-based only money management financial planning firm. And I’m here with Barry Kite, our chartered financial analyst. And I’m looking at the weather and I’m getting my tomato plants ready to deploy maybe next week. We’ll see.
SPEAKER 04 :
Time to till some gardens, right?
SPEAKER 03 :
Yeah, you know, that’s what I do for a living. People transfer in portfolios to us from elsewhere, and normally they’re in pretty bad shape. They’re in really bad shape, in fact. And the first thing I do is, you know, got to turn things over a little bit. Got to definitely pick the weeds first. It’s like your garden in late August, you know. You’ve got to get rid of a lot of that stuff that is overgrown and not growing anymore. Some inefficiencies, right? Yeah, get it vibrant and moving once again. And then, you know, look, you’ve got to tend the garden. I know what it’s like. Many times I have not tended to my garden for a few weeks and I go see the results of it, you know. There’s… There’s a big worm in the middle of the ace tomato plant and there’s lizards eating my lettuce. All kinds of things. Weeds that have taken over. I have a lot of drip irrigation and there’s little nozzles that have came detached and it’s squirting into my neighbor’s yard and this kind of thing. So it’s the same way with your portfolio. There’s a lot of analogies between gardening. You know, a good gardener knows or a good farmer knows things have to be thriving. You have to keep things thriving. You have to keep feeding them. You’ve got to keep them weeded. You’ve got to keep them in the sun. It’s this and that. And there’s a lot of, definitely a lot of analogies there with what we do here at Gundersen Capital Management. And then on the other side, there’s a lot of analogies to fishing. I haven’t been out fishing here recently. I did put my crab traps in the water a couple weeks ago. I need to check those things. They might be full of blue crabs by now. But you’ve got to know where the fish are biting. There’s a lot of dead spots. The ocean is 99% just dead. Nothing out there on the bottom or on the surface. It’s that 1% or 2%. In the stock market, it’s more like maybe 5% to 10% of the market at any given time. is where the action is taking place. Well, let’s pick up where we left off yesterday. That’s always good. Sometimes we forget where the markets are at, and it’s always good to go back to where we left off yesterday. I did see some buying coming into the NASDAQ later in the day. You know, you had that sudden spill in Palantir on Wednesday, which came out of nowhere, all right? It was a peat headsick. memo, a leaked memo or email, whatever the case may be, that said, you know, we’re looking to cut 8% out of the defense budget this year in the budget that we’re putting together. And, of course, right now they’re debating all of that. They’re putting together numbers. They had an all-night session last night with the Senate, and part of that is coming up with the numbers from each department head and this and that. And I did look it up. Actually, Jeff Webster looked it up. Fifty-five percent of Palantir’s business comes from the government. Okay, so if you say we’re going to cut eight percent, Well, that could be a big chunk for Palantir, but it really matters what they cut, all right? Is it across the board haircut? Everybody gets an 8% haircut. If Palantir was doing $100 million, or let’s say they’re doing $1 billion in business, all of a sudden they’re going to get an 8% haircut, which would be what, $80 million less? Or are they going to take it from some of the areas that aren’t as productive? I do kind of believe what Wedbush wrote yesterday. If anything, I think there’s going to be more and more money put into what Palantir does and less and less money put into rifles. boots you know i just think the war is becoming much more technical so anyways i did see some buying coming in late in the day in palantir which is the stock of the year so far this year it’s flat right now so far today and then of course yesterday the other big news there’s actually two news items associated with walmart walmart was down a six point uh what six point three percent yesterday because of their guidance, which disappointed, even though they had a pretty good quarter. The other piece of news is Amazon has finally passed Walmart in sales for quarterly sales. They took the quarterly revenue crown away from Walmart. Walmart reported $180 billion in sales, Barry, for the quarter. That’s a lot of chicken wings. That’s a lot of farm fresh eggs. That’s a lot of clothing. That’s a lot of whatever else Walmart sells. $180 billion in a quarter. And Amazon came in with $188 billion for the quarter. It’s the first time that Amazon… has overtaken Walmart, which was consistently the top quarterly revenue generator on Wall Street since 2012. So that’s how we ended the day yesterday. The market is struggling. And you’re going to see it when I do the newsletter and send out the charts tomorrow. You’re going to see a market that’s been going up into the election. It had a big jump after the election. And now it’s leveled off. And we call that technical resistance. The ceiling on the Dow is right now at 45,000. You can draw a line and connect the tops. I draw a lot of lines on my charts every day, and you can see those tops. Every time the Dow gets up close to 45,000, it pulls back. And the second reason is it’s pulling back for a reason when it hits 45,000. The P.E. ratio on the Dow right now is 22.6, lower than the NASDAQ obviously. But for a lot of big stodgy old stocks that are in the Dow, that’s a pretty rich multiple for the Dow. The forward P.E. is 20. So when it gets up into that 45,000 range, that’s where the sellers are lurking, right? And they drive it back down to the support level. So we’re fighting two things right now. We’re fighting technical resistance and we’re fighting valuation resistance. And I’m doing my best to thread the needle, right? To find those stocks within the Dow category or S&P or NASDAQ or Russell 2000, whatever the case may be. that have more upside potential and aren’t hitting ceilings. Maybe they’re just breaking out right now. And there are a lot of those stocks. But right now, you know.
SPEAKER 04 :
Oh, and earnings have been kind of the bright spot, right? I mean, when you look at those three kind of, when you look at the technical side or when you look at the valuation side, Or earnings, you know, I guess the brightest spot so far, right, has certainly been, I guess, on the earnings per share side, at least at the market level.
SPEAKER 03 :
And, you know, what else is taking place right now? The countries that have been left behind by a screaming U.S. market, you know, we put out that buy signal on the NASDAQ in January of 2023. Okay, so we’re two years, one month into a screaming market in the U.S. And who’s been left behind? Europe and China mainly. Okay. China have been left behind big time. Guess what? We’re seeing some rotation, some global rotation right now in the markets. And I’ll give you a couple of factoid points here when we come back that will point that out. And some stocks that prove my point that I’m making that money is flowing into international stocks right now. For the first time in quite a long time. We’ll be right back. And welcome back here to the second quarter of the Best Stocks Now show. Now, Barry, for the last several years I’ve said, you know, there’s no need to have any money outside of the United States because when you compare the performance and, you know, the stocks out there, I mean, we’re killing it here in the U.S. with the tech boom and everything else. But I can tell you during my 25-year career in the market, there were times when I had a lot in China. There’s times when I had a big chunk in Europe. It’s not just a national playing field. anymore it’s a global playing field okay so let me just give you a statistic here if you look up the pe ratio i just said that the pe ratio of the dow jones industrial average which is those 30 big stocks the pe is 22.6 Let’s go across the pond, okay? Europe does not have the growth that we have, number one. So we deserve a higher multiple. There’s no question about it. Europe has war on their continent. I think it was Trump that said, we’ve got a big, beautiful ocean between us and them, between the war. We’re not as affected by it, but Europe is still under a cloud. But having said that… Look at the P.E. ratio of the European stock market. Once again, the Dow is 22.6. The European stocks, which is 50 stocks, that would be kind of the equivalent of our Dow, has got a P.E. ratio of 16.9, you see. And so, you know, some of the money that… Looks similar and also similar interest rates and actually a little lower.
SPEAKER 04 :
Yes. So even… That piece, right, it’s still apples to apples because the interest rate differential is fairly close.
SPEAKER 03 :
Yes, and there’s been some screaming European stocks. SAP comes to mind, S-A-P, and others. So you’ve got a much lower multiple. So, you know, money flows to the areas of least resistance. It seeks out value. And when it looks at the 22.6 on the Dow, now that’s the Dow. The NASDAQ is trading at 34.7 times earnings. So you’ve got the European 50. And, of course, you can go into that European 50 and see who the companies are and cherry pick it. But the P.E. of Europe is 16.9. The forward P.E. is 15.6. Our S&P 500, the forward PE is 22.3 versus 15.6. So that’s one thing. You’re seeing global rotation right now. And there’s another area that is popping for the first time in a long time. China’s had a very difficult decade. We have clobbered them. We have lapped their markets several times over the last 10 years. It seems to have all changed. I’ve seen two things happen in China recently. Definitely deep seek three weeks ago. That all of a sudden is lighting up their market like chat GPT and NVIDIA lit up our markets. And that is really helping some of the quality stocks. I’ll put that in parentheses. The PDDs, the Alibaba had a huge report yesterday. And Baidu and others in China that have been around for quite some time. Money is going to China once again. And I’ve also seen, I haven’t heard much from Xi lately as far as cracking down on this or cracking down on that. I think that his economy is in pretty bad shape, and he’s got to be careful not to put it into further bad shape. And one of the engines that they have, growth engines, is their market and the things that they create. And I’ve seen the big explosion in EV cars over there with BYDDF really taking off. I don’t know why Buffett got out of it. Now it’s really going gangbusters. They’re selling four times as many cars as Tesla. So there’s a couple of other areas to consider right now. And yes, I have ventured outside of our borders with investments and have added a few of the bigger Chinese stocks. to our portfolio. Never say never. It comes around. The market rotates. Meanwhile, over here in our neck of the woods, UnitedHealthcare. A beleaguered company, a member of the Dow, is hitting a new 52-week low today. That’s not helping the Dow. It’s down 42 points per share at 8.3% down to the downside. So what all has happened to UnitedHealthcare over the last couple of years? You know, they struggle, I mean, to keep their earnings up, but they have had pretty good earnings growth. Is it at the expense of the insured, however? I mean, that’s what supposedly motivated Luigi there to go out and murder the CEO is because how they treat people and the shareholders and deny the claims and this and that. Very strange things. But the Department of Justice, now I don’t know if this is Pam Bondi, our new chief. I would think it would be if they’re just opening up this investigation. But now all of a sudden they’re under investigation. And that’s never good when you own a stock.
SPEAKER 04 :
Well, we talked about, I mean, Medicare, right? I mean, that’s kind of a health care, you could say, particularly from the provider side or even the potential. potentially the insurance side right is one spot where you you know you may want to you know you want to tread lightly and be cautious because it’s it’s a piece uh number one it’s a big spending portion right of the budget uh anything that’s going to be you know has a big price tag right is going to be something right that’s on the potentially part of it is on the shopping block and Frankly, I’m sure there’s a ton of waste and fraud and everything else. We already know there’s plenty of fraud in the Medicare system as it is.
SPEAKER 03 :
Yeah, well, and you’ve got some pretty aggressive people going after it with Elon Musk at the top of that team. Now, UnitedHealthcare is by far the biggest healthcare company in America.
SPEAKER 04 :
In a strong lobby, too, by the way.
SPEAKER 03 :
Yeah. I mean, it was half a trillion dollars here. Now it’s $423 billion. $423 billion. Minnetonka, Minnesota, obviously, where they’re headquartered. So that’s a big deal. And, well, it’s going to help bring down the P.E. of the Dow. That’s the good news, right? With this 8% sell-off, it is part of the Dow. And UnitedHealthcare’s PE ratio is now at 18, 18. Okay, then the other area where there’s some fervor right now, Chinese stocks rally on AI optimism and robust earnings. The Hang Seng Tech Index, a Hong Kong-based index that tracks Chinese stocks, closed at its highest level since 2022. And if I look at the scoreboard so far this year, which is in the newsletter every week, number one, I show you what the week looked like, and number two, I show you the scoreboard. It’s like the standings, right? It’s the baseball standings in each division and how they’re doing one against another. When we come back, let’s just look at where the returns have been so far in 2025. 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. Thank you.
SPEAKER 06 :
And welcome back here to the second half of today’s Best Docs Now show.
SPEAKER 03 :
So year-to-date, you’ve got the Dow up about 4%. The NASDAQ 3%, 4%. The S&P 500 is up year-to-date about 3.6%. But over in China, the FXI, which is the equivalent of their S&P 500, it’s up 15.1%. Big difference there. And Europe is up 10.6%. And thirdly, Latin America is up 15.4%. So obviously money has been flowing around the world out of an expensive US market into cheaper foreign markets. This is the first time this has happened, several years really, where I’m seeing the outside of the US markets outperforming our markets. So obviously that merits some consideration. That’s one of the fishing holes that’s producing right now. Look at MercadoLibre today, M-E-L-I, which is the equivalent of Amazon for South America. It’s actually headquartered in Uruguay. MercadoLibre is up $138 a share today, or 6.6%. On a sizzling earnings report, their sales were up 37% year over year, and their earnings were up 288% year over year. MercadoLibre is a $114 billion company. So I would just say, if you’re going to venture out into China, into Latin America, into Europe. You know, it’s still the big quality stocks. MercadoLibre is probably the number one stock in South America. We talked about HSBC, the bank in Hong Kong that is killing it this year. Alibaba, obviously, is a very large player in China. Alibaba is almost a $335 billion company. PDD is a $182 billion company. I can just say that the charts of those stocks look a heck of a lot better than the charts of a lot of the leading U.S. stocks so far this year. So there’s a little bit of a heads-up for you on where the action is going. And, you know, I mean, it’s going there for a reason. Our market is expensive right now, and we’ve been hitting some technical resistance. And there’s some catalysts out there. Deep Seek probably being one of the biggest catalysts that’s driving money to China for sure.
SPEAKER 04 :
Well, and even if we end up being tough with Europe, right, Europe, you know, is likely to turn a little bit more towards China in terms of, you know, in terms of commerce, right? That’s a good point. And goods, which, you know, in turn helps the Chinese markets there, so.
SPEAKER 03 :
be selling their French wines to Beijing instead of Washington, D.C. Microsoft’s had a little bit of a lift under it recently. Let’s see if that’s following through. It’s pulling back a little bit. Microsoft came up with an advancement in quantum computing. And that has helped the quantum stocks. QBTS, for instance, which is D-Wave quantum, that’s probably the best one, along with, what’s the other one? Rigetti. D-Wave is up 3.8% today. And Microsoft rolled out its AI agent to pro users in Australia, Brazil, Canada, blah, blah, blah, a lot of countries. It’s designed to automate various web-based tasks for users, including booking tickets. I don’t know if I want booking tickets automated.
SPEAKER 04 :
Yeah, I think I’ll need final approval at least, right? Yeah. I mean, you can go search them out for me. Great. But, you know, make sure you ask me before we start typing in credit card numbers, right?
SPEAKER 03 :
Yeah. Yeah, and booking my seat, I could end up on that aisle where you’ve got to be like a Navy SEAL to open the exit door when the plane’s upside down or whatever. Making restaurant reservations, filling out online forms. Now that, yes. Shopping on e-commerce platforms. You don’t want a robot going wild with your credit card, but hey, you know it is what it is. So anyways, open AI.
SPEAKER 04 :
Who knows, you might like this stuff, right?
SPEAKER 03 :
Maybe they do better than I do.
SPEAKER 04 :
It’s kind of like buying yourself gifts, I guess, right? I mean, you never know what’s going to show up at the door.
SPEAKER 03 :
I get stuff and I open it up. This wasn’t what I was thinking it was. Anyways, and sometimes it’s like, hey, wow, this is cool. Now, this is a big news item. Disney’s ESPN and Major League Baseball are parting ways after the… I mean, baseball and ESPN are almost synonymous. Yes. That’s a big move. That’s not good for Peter Gammons.
SPEAKER 04 :
We had Peter Gammons, right? Peter Gammons for years and went Buster Olney for years. And then, yeah, I mean, I guess what I mean in terms of games that you watch, because obviously you’re Padres. I mean, how many of them end up being on ESPN versus some of the other stations?
SPEAKER 03 :
They’ve been together since 1990, Major League Baseball. They’re pursuing a deal, and we’ll have to keep an eye on this, where that deal ends up. They’ve been talking Roku. They’ve been talking Apple TV. I was about to say, come into Netflix near you. Maybe Netflix. Who knows? It is that time of year, end of February. Pitchers and catchers report to Peoria or to Arizona or to the Grapefruit League down in Florida. Good time of year. For all of that, I’m getting and starting to think about baseball. Snowflake is in the spotlight as TD Cowan sees constructive partner checks ahead of Q4 results. So anyway, we do own Snowflake. Snowflake is down. Tech is under pressure. It has been all week. Snowflake’s going to report next week, and you know who else is going to report next week? NVIDIA. They’re going to report on the 26th and Snowflake. So the 26th is five days from now, whatever that is. Wednesday? Is that Wednesday or Thursday? Yeah, that’s Wednesday. Okay. Buckle up. Plenty of Rolaids. There they are. I’ve got a whole jar full of them. Tums. Tums. Could be a rough day. Beverage jolt. You know, I’ve been penciling in and on the drawing board a value fund. Some of the high flyers that have fallen on hard times. And Celsius was one. You know, Celsius is still, if you look over the last decade, I looked at that yesterday because we looked up TPL. But if you look up on the app, the last 10 years, the best performers, Celsius is still, let me see if it’s number one. I think it’s number one.
SPEAKER 04 :
I knew it was up there at one point in time. Yeah, that was like your little secret trivia question. That was a great day. That was a good one.
SPEAKER 03 :
Yeah, I mean, it’s pretty amazing that over the last 10 years with all of the AI and everything else, NVIDIA chips, et cetera, best 10-year performance. Here we go. Let’s pull that up. Number one is NVIDIA. Celsius is number one, two, three, four, five. at 54% per year. Why do I talk about Celsius? Well, it is penciled in, and I put the date that it was penciled in on there and the price in the value portfolio that I’m probably going to launch later this year. Celsius is up 25% today. They bought a competitor, and I have drank their drinks. They’re pretty potent, those, what’s the name of them? I can’t say it. Alani. No, it’s Alani Nutrition. Alani’s got like 300 caffeine or 250 or something. You drink one of those.
SPEAKER 04 :
It’s on the Costco aisle. I know I’ve seen it on the Costco energy drink aisle.
SPEAKER 03 :
Yes, Alani. I picked up some. Walmart sells them, too. So, anyways, Celsius is fine. Does it kind of have the blue? It’s kind of got flowers on it.
SPEAKER 04 :
A little bit of a tropical print. Okay, that’s the one I thought it was.
SPEAKER 03 :
My wife got some a while back. You should have seen her vacuum. I’ve never seen her go so fast. I vacuum, too. I do plenty of vacuuming myself. Flying around there. So that stock’s up 22% today. The top ten. There’s also one, number three. Number three, we own. It’s a stock that NVIDIA has invested in. It’s called Applied Digital. Yeah, that’s kind of weird that it comes up number three. It must have been another stock under that name. But it is hitting a new high today. It’s up 10.7%. APLD, Applied Digital. But Celsius is number five at 54% per year. And they are buying Alani, and that stock’s up 25% today. I imagine there’s been a lot of short sellers today. crowded into celsius and i mean they have driven that stock down celsius not too long it was out of boca raton by the way it was 99 a share now it’s 31 it’s lost two-thirds of its value we’ll be right back
SPEAKER 05 :
On a winter’s day. You gotta go where you wanna go. Do what you wanna do with it.
SPEAKER 03 :
And welcome back here to the final segment of today’s Best Stocks Now show. Well, speaking of booking tickets. one of the great stocks of all time and uh… it was in my book in two thousand thirteen we still own booking uh… booking dot com which was at one time called priceline dot com william shatner was there uh… was there kind of a pitch man i know he made more money in the stock than he made during his career on Star Trek. So it was a pretty lucrative little deal. It was a great idea. Somebody had. It’s now a $5,239 stock. And it’s a $173 billion company out of Norwalk, Connecticut. That’s where they are located and headquartered. The stock today is up $221 per share or 4.42%. On three times, four times normal volume after a good report, which they’ve been known to do consistently, fairly consistently over the years. And you know, I noticed that booking recently added a little bit of a dividend. And I have considered it many times to put into the dividend and growth portfolio. It’s definitely a worthy candidate. I just never found the right entry price there, point. Today’s certainly not it, but maybe it is. It’s breaking out here. Over the last 10 years, Booking.com, one of the great performers. Actually, let’s look at the last five years. 21% per year. If you go over, I’ve got to get that on the app. I have the stats for 15 year returns if they’ve been around that long and 25 year returns if they’ve been around that long. I would imagine booking over the last 25 years. is just north of 20% per year as far as their average annual return. Over the last 12 months, bookings up 36%. And I guess they’re never going to split that thing, huh? You know, some companies just don’t want to split. Amazon didn’t do it for a long time. Berkshire Hathaway, he absolutely refused. It was over $100,000 a share until he came up with the B shares and booking. For some whatever reason, they keep it. I don’t think there’s ever been a split. It was probably $1 a share at one time. Now it’s $5,237 per share. If we look at the valuation, does it still look good going forward? I have 87% upside potential over the next five years. I like 80 or more. So booking, believe it or not, after all these years still meets my criteria of number one, 80% or more upside potential. which is a calculation that I do based on analyst consensus estimates and growth rates going forward and the multiple that I choose that I think is proper for that stock. And it still has 87% upside potential. It does qualify for the dividend and growth portfolio. It pays 70 basis point dividend. That’s new, fairly new.
SPEAKER 04 :
That’s more than I would have anticipated.
SPEAKER 03 :
Yes, and the performance, it’s not what it used to be. I mean, it was at one time a 40% or 50% performer, and now it’s down to like a 20% performer. But for a large cap, mega cap stock, really, it’s a mega cap. I’ll call it a large cap. In today’s world, now that we’ve got these $3.4 trillion companies, it’s a paltry $173 billion. But it still meets my performance criteria. And that’s an excellent chart, by the way, on booking. You can look at that. I call that a saucer, a saucer pattern. It’s a grounding bottom and a nice breakout today. We call that a handle over there on the right-hand side. Full steam ahead with booking. We own it in our Premier Growth. It’s one of the 18 stocks that we own in the Premier Growth.
SPEAKER 04 :
Been there for a while.
SPEAKER 03 :
Yes, it’s been parked there for a long time. There have been times when I’ve gotten out of it, you know, during COVID and stuff like that. You do have to manage the stock a little bit. But had you just bought and never sold it 25 years ago, it is definitely one of the greatest stocks of all time. That’s one of those slap your forehead and say, I didn’t know that. Well, yes, Booking.com, B-K-N-G. Let’s see. There was one more. Well, we mentioned Mercado Libre. We mentioned Celsius. One other one that has been a best stock now, and I would say one other thing, Barry. The sign of a best stock now is a full parking lot. I mean, every time I drive by Texas Roadhouse, the food’s okay. You know, it’s definitely kind of a blue-collar steakhouse. peanut shells, they’re not on the floor anymore. Now they give them to you in a bag. I kind of like to eat peanuts, but I think during COVID.
SPEAKER 04 :
Yeah, I was going to say that’s got to be from the old COVID.
SPEAKER 03 :
Who wants to get COVID from a peanut? But anyways, let’s see how Texas is doing today. That’s one of the great ideas of all time, really. Yeah, you know what? It’s okay. But their sales were up 23%. It kind of goes along with that whole chili story of people going to Chili’s because I think maybe the price point has something to do with it. You know, Hall’s Chop House is $82 for a dry-aged ribeye. $82 for a dry-aged ribeye steak. Well, that’s Texas Red House, $25 or $22 or somewhere in there. I think price point has a lot to do with it in this inflationary environment. And it shows up in their sales, up 23% quarter over quarter, and their earnings up 60% quarter over quarter. it does not meet my criteria from a chart a performance point of view it’s very weak right now relative strength 42 on a scale of 1 to 99 okay we’re out of time for the week i do a lot of work on the newsletter today updating everything this is where The bear market will eventually start showing up. We’ll be in those earnings estimates and target prices and relative strength, etc. It will all come into play at some point in time. You always have to have a defense. You have to have a rearview mirror on your car that’s been moving forward now for 15 years. Yeah, 15 years since 2009. To get four free weeks of the whole enchilada, including the trading alerts, go to GundersenCapital.com to talk to us. We have a lot of new Oak Count openings this week. Talk to a lot of people. We’re planning our Sarasota trip in March. Call 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.
