Join Bill Gundersen and Barry Kite as they explore the complexities of today’s financial landscape. From the devastating crypto heist affecting Ethereum wallets to the challenges faced by the EV market, they provide a comprehensive overview of current trends. This episode also highlights the significance of global political shifts, with a focus on economic developments in Germany and the impact of government spending on the U.S. market. Tune in to discover strategic insights for future investments.
00:30:43 Robo-Taxi Innovations and Economic Shifts
00:37:57 EV Market Decline and Future Perspectives
SPEAKER 01 :
He’s been seen on CNBC, the Fox News Channel, and the Fox Business Channel. His articles can be found on MarketWatch, Seeking Alpha, TheStreet.com, and many other places. He’s the author of the weekly Best Stocks Now newsletter and the inventor of the Best Stocks Now app. He’s president of Gundersen Capital Management. Here is professional money manager Bill Gundersen.
SPEAKER 03 :
And welcome to the Monday morning. It is Monday, February the 24th, the last week of February. This is the Best Stocks Now show with professional money manager Bill Gunnarsson, president of Gunnarsson Capital Management. The bad news is we’re picking up where we left off on Friday. Despite the futures looking pretty perky this morning, it’s all gone south now at this point in time, and the NASDAQ is leading the way. To the south side of town, it’s down 225 points right now is the NASDAQ, down 1.2%. Palantir kind of leading that NASDAQ to the downside and a lot of the nuclear stocks that have led the market so far here. In 2020, industrial leverage, which really took a beating on Friday because of UnitedHealthcare, is down 66 right now. Not too bad. 15 basis points to the downside. The S&P is down 0.5%. The S&P is at 5,981 as we’re not only fighting technical resistance, we’re also facing… valuation resistance, which I’ve been talking a lot about lately. The Russell 2000 is down nine points. That’s the small caps. Meanwhile, over at the bond market, we were down a couple of percentage points the last time I looked. Yeah, now we’re up two points to 4.42. Gold is closing in on 3,000, but kind of stalled out in that 29.56 area. So welcome to today’s Best Stocks Now show. With professional money manager Bill Gunderson, president of Gunderson Capital Management. And I’m here with Barry Kite, our chartered financial analyst. And the first thing we’ve got to go back and remember is the Dow was down 1,200 points in two days last week. Thursday and Friday, 1,200 points disappeared.
SPEAKER 04 :
Yeah, market’s worst day of the year, right, on Friday so far.
SPEAKER 03 :
Friday was the worst day of the year. The Dow was down 749. And the leader, NASDAQ. And Mondays continue to be rough. Yeah, the NASDAQ was down 438 on Friday. A lot of the growth areas of the market down about 3% last Friday. I talked to another investor in tech and whatnot. He was down 5% on Friday, and it’s picking up where it left off. Despite the futures looking pretty good overnight and this morning, I don’t know, something has happened, whether the Fed has said something. Something has occurred here since the markets opened that have sent them south. And it’s all the leadership in the market, really, that’s going. Over the weekend, I did talk about the global rotation that’s taking place. For the first time in a long, long time, we’re money actually leaving U.S. markets and heading to Europe, which has a much cheaper P.E. ratio than our markets today. and also to China with their renewed fervor there a little bit coming from that deep-seek announcement several weeks ago. We’re going to talk about that today. And then, of course, UnitedHealthcare was a big one on Friday. It was down 7.2% after the Department of Justice investigation was announced. And, of course, we had the weak consumer sentiment numbers. Now, as a chartered financial analyst, the University of Michigan has pretty much been the bellwether for many years, just taking the pulse of the consumer sentiment currently. And, of course, they project that out into the future and think that the consumer might be giving up the ghost a little bit. How much weight do you put into the consumer sentiment numbers, which really drove the market down on Friday, Barry?
SPEAKER 04 :
Yeah, I mean, you know, in reality, a lot of these survey numbers, right, I mean, you could pick them apart statistically in terms of are they statistically significant, right? Is the sample size large enough? How has the sample changed over the years, right? Yeah. Frankly, I’ve looked at some recent commentary on it, and in general, it’s almost be like if you were taking a poll for a – are you voting for a Republican or Democrat, right? So the problem is any at times of these sentiments, especially when you’ve got – You know, some of the political changes we’ve got going on, these surveys tend to, you know, kind of break across party lines a bit. And so it’s kind of it’s a bit I don’t know. I mean, in terms of trading on this particular sentiment survey, it is just that it’s a survey. And, you know, the market didn’t seem to like it on Friday. But historically, it’s been kind of one of these surveys. You know, data points that just happens to be there. It’s talked about on days because nothing else is released, right?
SPEAKER 03 :
It was almost as if the market Friday and today is pricing in a looming recession based on a consumer sentiment survey. One of our listeners, I think he had a very good point to be made. He’s of the opinion that we might have been getting inflated numbers that weren’t all that truthful, like China does, right, from the Biden administration. And now we’re getting honest numbers. I don’t know. Or maybe the University of Michigan has a bias against Trump and is going to skew the numbers lower. But the market did trade. on the thought that the consumer is going to kind of tighten up their wallet, you know, hang on to that credit card and not be spending. The market definitely traded with that in mind on Friday, and I think it’s following through to today.
SPEAKER 04 :
Yeah, and that data point, interesting enough, tomorrow we get the consumer confidence number. And so with the news about that number kind of driving the sell-off on Friday, of course, now folks are looking to this consumer confidence number that comes out on Tuesday. Hey, yeah, maybe it’ll turn around big time tomorrow. Just because, hey, that was a big number on Friday. Let’s see what this number has to do, right?
SPEAKER 03 :
There’s a lot of layoffs occurring in the government sector. And government spending, I don’t know what percent of spending is done by the government in our GDP. There’s a number out there. I want to say it’s about 25% or so. And all these cuts to government spending also has got the market maybe unnerved a little bit. Must the federal workers return to office or be put on leave? That’s your choice. Return to the office or be put on leave. So, you know, I would think that it’s kind of like time to put up or shut up. Do you want to continue to have a job, a government job? You’re going to have to show up to the workplace in person and have a manager over you cracking a whip or whatever the case may be, or you’re going to be dismissed. It’s the same exact strategy he used at Twitter. He went into Twitter and said, hey, I want everybody in the office. Of course, that was right after COVID. And, you know, that’s just must beliefs that people are more productive in the office than they are at home. Eurozone annual inflation rises to 2.5% in January. That’s another little bugaboo, you know. The inflation is still hanging around. We can’t quite get rid of it, almost like COVID happened. And it rears its ugly head from time to time.
SPEAKER 04 :
You had a PCE inflation on Friday, actually.
SPEAKER 03 :
Okay. And we did have another big global shift, a big political shift in Germany, which went to the right. And that seems to be a trend worldwide right now with governments. Look at Argentina, which went to melee. Italy. You have Canada with him totally out of favor right now. Italy went right, conservative.
SPEAKER 04 :
Even France, right, in terms of limited Macron’s power. Yeah, Macron took a hit.
SPEAKER 03 :
Yep. And the U.K. is kind of vacillating back and forth. But definitely Germany went big time. with Frederick Mertz. I thought it was Fred Mertz at first, which he was on the I Love Lucy show with Ethel and Fred and Ricky and everybody and Lucy, but it’s Frederick Mertz. Mertz. He’s the leader of the Conservative Alliance that won Germany’s national election on Sunday. And it sounds like their issues were basically the same as ours. They’re a little bit fed up with the immigration issue and how much money is going towards the immigrants. That seemed to be a big issue. in Germany. And so anyways, you have a big political shift over there in Germany. The center-right Christian Democratic Union, Christian Social Union Alliance, won 28.6% of the vote. The far-right alternative for Germany, AFD, which I think must back, secured 20.8%. That’s the strongest showing for a far-right party since World War II, the Associated Press reported. So anyways, there’s a big shift. And I think they want to get their economy going. Olaf Scholz was a very big environmentalist, green energy kind of guy. He only got 16. That part of the party only got 16.3% of the votes allowed. I think that’s another one that people are a little bit fed up with the green energy movement. Okay, when we come back, the biggest heist of all time in the crypto world. A little scary if you’ve got a lot of money in crypto. This is the Best Stocks Now show. We’ll be right back. And welcome back here to the second quarter of today’s Best Docs Now show. Well, $1.5 billion stolen from Ethereum wallet in the largest ever crypto heist. They’re blaming North Korea’s Lazarus Group in stealing the money. Boy, that’s a big one, huh? How would you like to lose $1.5 billion? But apparently no clients have been hurt. They have the money to cover it. That’s surprising, says Bybit. And anyways, that’s kind of what you deal with when you’re in that crypto world. And North Korea is a big player in the hacking business. All right.
SPEAKER 04 :
I had an FBI. We used to have an FBI agent come talk about cybersecurity years ago, and it was the old. He said the old adage that, you know, why don’t people rob banks anymore, right? Because the money is at different places nowadays.
SPEAKER 03 :
And wallets, crypto wallets, if you can find them and get into them. Well, the fireworks will be this week on the 26th, Wednesday, after the close of the market. Probably the biggest earnings report of the quarter. will be NVIDIA. NVIDIA’s hanging in there. NVIDIA’s had a nice little run. It’s up about $20 a share, almost, what, 15% plus over the last three weeks. It’s not selling off with Palantir and the nuclear stocks today. And the expectations. Now, Wedbush says NVIDIA is likely to offer a clear beat and raise. with q4 results and as you know it’s that it’s that the the the the earnings report is past history okay this is what we earned over the last 90 days and what the market is interested in is what are the forecasts for the next 90 days and even more importantly the next 365 days And that’s where the stock will adjust the most. In other words, they could miss by three or four cents and say and revise upwards by like 25 cents. And, you know, they’re going to give more weight to that forward guidance than to the actual number. Get your black leather jackets ready. Yeah, you know what? NVIDIA, write this number down. I’m going to write it down. They’re expected to make $0.85 per share on $38.15 billion in revenue. $38.15 billion in revenue. That will be on Wednesday. In addition to that, and I would say I think we’re 85%, somewhere in there, 80% done with the earnings season. I would give this earnings season an A-. I mean, we went from 11% growth, which was expected for this quarter. It’s going to end up being over 16% growth. That’s pretty good. I have seen a little ratcheting down of the next two quarters, but not very much, maybe a penny or two is all. So I would score this as a very good earnings season. We don’t have an earnings problem, we have a valuation problem, a multiple problem. Zoom video scheduled to report today after the close. It’s been a very dull stock since COVID. Cleveland Cliffs. Everybody’s favorite at Seeking Alpha, Realty Income, is going to report today. Riot Platforms, which is very much a Bitcoin miner. Diamondback Energy, Fang, Cotera Energy, and Domino’s Pizza has already reported. And I have some thoughts on Domino’s Pizza and this whole restaurant delivery business, which really the pizza companies had a corner on the market. Right, for a long, long time as far as delivering dinner.
SPEAKER 04 :
That was about the only thing you could get delivered. Exactly. That and some Chinese takeout, right?
SPEAKER 03 :
And I’ve got to believe that all of this Uber Eats and DoorDash and everything is cutting in because now you have… More than just pepperoni pizza with a crust, cheese crust around it. You get a big menu. Yeah, there’s a lot more competition out there. The Home Depot will report tomorrow. I just placed my order for my, you know, we had a snow here in Charleston. Ah, yeah, you know, it’s like everything pretty much. The little roses came through it. Took a beating. I’ve got to start over. The social garlic came through it. The deer leave those alone. They have pretty blue flowers. But the price of azaleas, which, you know, we’re in the azalea capital of the world. When you watch that Masters golf tournament, you see all those beautiful azaleas. The deer love them. I’m hoping that the fence that I put up and my wife standing on the balcony with a .22 rifle, no, I’m just kidding, will keep them away because they got my azaleas last year. But you’re talking a lot of money. I was talking to my son-in-law who just lives in a little house in a housing tract. He says, you know, it’s about $1,000 to put. We have a little bigger yard than he does. So I’ve got my plants coming. I ordered them. The delivery will come in drips and drabs. The roses don’t come until early March, but I’ll be planting azaleas. Plumbagos, $53 for a three-gallon plumbago. Kidding. And lantana, which do very well around here because the deer leave them alone. Deer stay away from them, right? Yes, they won’t touch those lantanas. Okay, now, so Home Depot is going to report tomorrow. And, you know, Home Depot, I have seen a big change at Home Depot. They’re giving free delivery on almost everything now. So now they’re in the delivery business, and that’s why I continue to like the delivery stocks. Lucid’s going to report today Workday. That’s a pretty big one, actually, in the software space. Axon Enterprises, which has been a great performer. That’s the old taser. And then tomorrow is NVIDIA. Oh, boy, I can hardly wait. I should have just taken the week off. I should have went to Dollywood, Pigeon Forge, and come back next Monday, and you can tell me what happened. Salesforce is going to report tomorrow. Teladoc, Snowflake, that’s a big one. Lowe’s, they always report the day after Home Depot. Beyond Meat. which has not been a very good one. eBay.
SPEAKER 04 :
Haven’t heard that name in a while, Bill.
SPEAKER 03 :
Budweiser.
SPEAKER 04 :
We’ve talked about it forever for a long time.
SPEAKER 03 :
Yeah, and then on Thursday it’s going to be some has-beens, Hewlett-Packard and Dell. Let’s see if there’s anything else on Thursday. Hewlett-Packard, Dell, Autodesk, not much else. And then on Friday we’re going to get some oil stocks, EOG. uh front line so that’s our earnings week ahead okay now when we come back i want to do a little bit of a lesson okay that i did in my newsletter and i want to follow up on that lesson and i have started to write the framework for my book number two And it’s going to be all about how to use the app and the whole theory behind each little part of the app that many things go overlooked there in the app. But we’re going to talk about rotation in the market when we come back. Rotation, which we’re seeing right 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 08 :
Call out the instigator Because there’s something in the air
SPEAKER 03 :
And welcome back here to the second half of the Best Stocks Now show. One of the important things in the market, and really it’s taking place, this particular rotation is taking place for the first time in quite some time. And sometimes sector rotation just occurs amongst sectors in the market that come in and out of favor. Yeah, like over the years, I can remember when the steel sector was the hottest sector in the entire market. Back in the 2006 area when China was going crazy and you had to own the steel stocks. I remember Reliant Steel and SLX, which is the steel ETF. Yeah. and all the others that are in that industry, Nucor, etc. There’s been times when the fertilizer stocks were red hot, you know, one of the hottest areas of the entire market. We’ve just been in a phase where the AI stocks obviously have been the leaders and there’s rotation going out of the AI into other areas of the market. Where’s the money going? Well, there’s also global rotation. And global rotation, it’s kind of like if you’re on a trip and you kind of come to a big obstacle, maybe an accident or something’s happened, and you’ve got to take a detour. You’ve got to go the path of least resistance. The obstacle in the market right now that’s causing kind of a slowdown in traffic is is valuation number one and technical resistance number two. Now, having said that, the consensus target price for the S&P by the end of this year is up around 7,000, and now we’re under six. We’re at 5,900. So there’s still plenty of upside potential, but we kind of got ahead of ourselves after the Trump election and the market was all full of froth and fervor and excitement that has worn off. And where’s the path of least resistance? Cheaper markets. and markets that have been overlooked. Okay, look, China was down last year by 15% or so, and it’s been a horrible performer for the last 10 years, and Europe has badly performed. underperformed U.S. markets. Well, I did a little comparison last week of our P.E. ratio of the S&P 500, which is the one that’s most closely watched, and it’s up around 22. I think we finished Friday at 21.93, whereas the European market’s down in the 16 to 17 area. So that’s one area that money is flowing to. And I’ve said there’s really no reason to go outside of the U.S. for many years now. But finally, this is a year where I have gone outside of the U.S. I have in the past. I mean, the Netherlands has Novo Nordisk and ASM lithography and others. But I’ve avoided China like the plague. Things seem to be kind of quiet in China. Maybe Xi’s learned his lesson about not… You know, not saying things, dramatic things about going after this company or that company. And things have settled down a lot. So companies like Alibaba and Tencent Holdings and BYD, which now sells more cars than Tesla. To me, they’re… investable again okay uh and money is flowing there too because you’ve kind of hit this obstacle in the u.s multiple we’ve hit it we’ve hit a multiple ceiling really a multiple yes and a technical ceiling okay uh you know it’s not that earnings have stopped growing It’s that the multiple is fat. It needs to go on GLP-1 drug and lose a little weight, shed some pounds. So I have to watch that sector rotation. We saw tremendous sector rotation back in 08 and 09. We saw tremendous sector rotation when the bond market got smashed in 2022 as the Fed was going. You know that I was looking at TLT. I didn’t realize this. The 20-year Treasury bond, it lost 50% in those two years. And it sent Silicon Valley Bank packing out of business, closing their doors. We avoided the bond funds and we also bought a big inverse fund on the bond market. So that’s what creates rotation. Global conflicts, different economies, changes in regimes. Maybe Germany’s more investable now. SAP has certainly done well and there’s other German companies over there that are very good companies so anyways this is the first time I’ve seen global rotation in quite some time and where does that show up there’s a section in the newsletter in the macro area where I show a little bit of a heat map on all the major asset classes and lately you can see that Europe has gone way up in ranking It’s rising. It’s now a weak buy, just under buy, which is pretty good. So is VWO. That’s the emerging markets, which I’ve said to avoid now for several years. At the same time, our markets are dropping. SPY is now a stronghold. which is underneath the weak buy, weaker than Europe, weaker than the emerging markets, and the Dow is now a hold. It’s really taking it on the chin. So at this point in time, the stocks, I think it’s the stocks 50 is the European index. It’s a better index to own for the first time in a long, long time. And where is it showing up in the app? Also, China, weak buy, FXI, well, you know, our markets are underneath that. So those markets are rising, according to the app, and the other ones, our U.S. markets are falling. And as I look at a ranking of the indexes around the world, number one is Argentina. Number 117 out of 5,000 is the Argentina index. What happened in Argentina? Think chainsaw.
SPEAKER 04 :
Yeah, I saw a picture of, I think it was in the Wall Street Journal, it was a picture of Elon with the chainsaw.
SPEAKER 03 :
Yeah, he was holding it up right next to a melee. Good thing they didn’t have a melee before it was all over. Number three is the European Hedged Index as far as indexes in the world. Then you’ve got Sweden, Italy, Chile, Germany. Germany now might be very viable. Now, okay, so now what you do is you go to Yahoo and you enter in ARGT, which is the Argentina ETF, and then you look for the individual stocks within the ETF. And there will always be some that are big, big movers and drivers. For instance, Latin America, you take MercadoLibre, big big player and then there’s a lot of mining stocks in south america center in europe go look up hedj or vgk and look at the big players in the european index so you can also rank the stocks within the uh within the indexes so you know that’s a very powerful part of the app What has the app told me for several years? Avoid anything outside of the United States. And now all of a sudden there’s that rotation taking place, and I think you can explain it and trace it to what we just said, high multiples in the U.S. and technical resistance. Something to think about, okay, and something to be aware of. It would be nice if the market over the last 10 years, the S&P has averaged, I think, 17% a year. Wouldn’t it be nice if it went up every year 17%? I’d take 15%. I’d take 12% without any variation. That’s not the way it works, okay? Every year is different and this rotation takes place and the money follows earnings, the money follows valuation, the money follows catalyst. Maybe one country, I know Warren Buffett is very bullish on Japan right now, okay, for different reasons. So anyway, something to think about. Okay, more and more companies spending big in the U.S. In fact, guess what? Apple confirms mass production of chips at Taiwan Semiconductor’s Arizona plant. So if you drive by that plant and there’s smoke coming out the chimney, they are cranking out chips for Apple now in Arizona at a Taiwan Semiconductor plant. Okay, Tesla is set to launch its first autonomous robo-taxi in Austin, Texas in June. That could be a big catalyst. Tesla will take on Waymo and Uber in an early robo-taxi battle, which will take place in Austin, Texas, of all places, which has kind of become a big hub, right?
SPEAKER 04 :
It’s a home field advantage, I guess, for Tesla. Yes, okay.
SPEAKER 03 :
Now, speaking of China, WRD is the big player in China. And they just got approval in Beijing for their robo-taxi, which is a pure play in China. It’s up 10.7% today. We’ll be right back.
SPEAKER 07 :
Go where you want to go, do what you want to do with it.
SPEAKER 03 :
And welcome back here to the final segment of today’s Best Docs Now show. In 2024, the federal government spent 24% of the U.S. GDP. Well, that’s how much they spent. Well, that’s a lot, okay? The long-term average has been 20.6%. So you can see the spending is really the problem there. And of course when they cut back on spending, I’ve heard that prices on homes in Washington DC have gone down considerably since the Trump administration came in. And obviously various sectors in the market are going to a struggle and that’s what’s hitting Palantir right now. Palantir, 55% of their business comes from the US government. and they’ve always warned that that was a big percentage of their overall sales. So that’s rippling through the market. That’s also part of sector rotation. That comes from a regime change and budget cuts. Trump tells Big Pharma to bring production home or face tariffs. Well, you know, that’s an issue. Obviously, these big drugs, having a lot of the components made,
SPEAKER 04 :
overseas especially in china how about baby formula remember i mean we have the baby formula issue because only basically one plant it seemed like in the entire u.s made baby formula and it had some issues and so yeah i mean I’m all for bringing certainly some of that stuff back to the U.S., particularly. I mean, remember we were running out. There were things we were running out of during COVID because we don’t make it anymore. We don’t make it.
SPEAKER 03 :
I was listening to an interesting interview. Tucker Carlson interviewed Ray Dalio, who is in our business, only on a much bigger. He drives a much bigger car than I drive. He’s a multi-billionaire, I think.
SPEAKER 04 :
He’s got a self-driving car. It’s called a person in the front seat.
SPEAKER 03 :
Private jet. Private jet. Now, he made the comment, and he’s right. America does not really make anything anymore. I mean, look at the semiconductors and the chips. NVIDIA doesn’t make chips. AMD does not make chips. Intel maybe does a little bit. But we design things, and then they’re made and manufactured elsewhere. And he says that’s a big demographic shift that has taken place. And now we’re trying to bring some matter of fact, especially when it’s critical pieces of the supply chain. like antibiotics and things like that. I know now about 10 people on ZepBound, okay? So I’m watching them. I’m going to be watching you. I don’t want to see you at the McDonald’s Saturday night around 11 p.m. Lily and Novo dominance to continue as TD Cowan lifts 20-30. GLP-1 sales forecast by 38%. Wow. That’s a big one. He says that Americans could spend, or not just Americans, 139 billion by 2030, indicating more than a 38% increase from its prior forecast. I remain bullish on Lilly with their ZEP bound. Novo Nordisk has been a very weak stock, but, but, With this attention kind of returning to Europe, I don’t know of a better stock, really, in Europe. ASM Lithography would be one, and Novo Nordisk would be another one.
SPEAKER 04 :
And Novo just got, they just think on Friday, I know HIMSS took a big beat because of the fact that, I guess, Novo Nordisk is no longer on that list. A list of some of their GOP ones are no longer on the list of scarce.
SPEAKER 03 :
Yes, scarce. And in fact, the clock is ticking on hims and hers, really, because they gave them another two months to clear out their inventory of the compound. which mimics and is very close to the other two. Now, Novo Nordisk, my value fund, I’m going to start printing that in the newsletter, possibly. It’s just on paper right now. But Novo Nordisk was one that I put on there several weeks ago. I mean, that thing’s come down from 100. It’s been cut in half, basically. And I think it’s mostly because of the compounders. And I think Lilly’s drug is more effective than Novo Nordisk NVO. So anyways, that’s the news there. And we thought maybe RFK was going to be kind of hawkish on these weight loss drugs, but he’s actually come out in favor of them, calling them miracle drugs, because it helps so many other people. health issues and fda cost down if you’re looking at it from a from a budget stamp yeah over over the long haul certainly uh you know should reduce medical costs going cuts down on your grocery bill uh too fda gives compounders a short reprieve as novo nordisk glp1 supply normalizes okay so it’ll be interesting hims and hers was down 23 percent on friday It really took it on the chin. And just one more story. This one I find interesting. It really indicates how badly the collapse in the EV demand has become. ChargePoint, which at one time was a very highly regarded stock, Putting in charges, building out our infrastructure, which is woefully not meeting the demand. ChargePoint receives a non-compliance notice with the New York Stock Exchange. That stock is $0.65. At one time it was $50.00.
SPEAKER 04 :
It’s probably too low, so the price has to be, they’ve got listing requirements where the average price has to be a certain amount over a certain period of time. What they’ll have to do, I guess if they want to stay listed, which I’m sure they do, they’re going to have to do a reverse stock split.
SPEAKER 03 :
But just think about that, the reverberations there. Tesla has the same issues, right? I mean, the demand has dropped and the value of an EV car.
SPEAKER 04 :
When you were talking about the resale value, yeah, I mean, you can’t have a functioning market if you’ve got a resale value that’s that big of a difference.
SPEAKER 03 :
But look at all the money we saved on gas, Barry. Yeah, it doesn’t even come close to the drop in value, the electricity, the installation of the charger, the stress you get on going on a trip. That’s just my two cents. Okay, well, we’re out of time. We’re still doing the four-week trial. I’m working on a book that will even make it easier for you to understand. There is so much in that app. That probably kind of goes unnoticed. And it’s very powerful as there’s some very potent tools in there. You get four weeks and all the alerts coming from me. And if you’d like to talk to us about money management, 855-611-BEST. 855-611-BEST. Have a great day, everybody.
SPEAKER 02 :
This show is not a solicitation to buy or sell any securities. Bill Gunderson or clients of Gunderson Capital Management may have long or short positions in stocks mentioned during the show. Past performance is not indicative of future performance. Gunderson Capital Management is a fee-based registered investment advisory firm. All accounts are held at Charles Schwab. Schwab is a member of SIPC and FINRA.
