This episode delves into the intricate dynamics at play in the market, discussing influence from political figures worldwide and economic reports casting a shadow over market stability. From a discussion on Tesla’s global sales challenges to the impact of federal decisions on economic performance, Bill Gundersen and his co-host navigate pressing concerns, offering sound advice and a deeper understanding of investment strategies in uncertain times.
00:36:31 Changing Market Consumption and Investment Opportunities
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 Wednesday midweek edition of the Best Stocks Now show with professional money manager Bill Gunnarsson with the byline The Best Inverse Funds Now. Also, Barry, we can’t forget those. And we’re on Tornado Watch here in Charleston. I don’t know if that’s for the market or for the weather or both. because it’s pretty wild out there. I call it Trump tariff turbulence, TTT. But we are up so far. The Dow is up right now, let’s see, 0.41%, which equals 175 points to the upside right now for the Dow. The NASDAQ, which actually closed below its 200-day moving average. That’s a red alert from a technical point of view. The NASDAQ is up 67 right now to 18,352. And the S&P 500, which is right at or near its 200-day long-term moving average, is up 20 today. That’s 34 basis points. Small caps are up 31 basis points so far today. The 10 years hanging out right in the 4.20 area. Crude oil has cleared down to $66. There’s a silver lining. If it weren’t for the tariffs, I suppose gasoline would be going down right now. I haven’t filled up my tank lately, so it should be pretty low, however. Bitcoin’s up $6,000 to $88,989. So welcome to today’s Best Stocks Now show. I received this alert two hours ago. Alert, Tornado Watch, Charleston. And I immediately looked at the stock futures, seeing what they were like today, because we’ve also had some tornado watches. And this is definitely, the captain has his seatbelt, fasten your seatbelt sign on in the NASDAQ aircraft right now. This is Bill Gunderson, president of Gunderson Capital Management, and I’m here with you on good days, on bad days, on average days, on low-volume days, on high-volume days. I’ve been doing it for the last 25 years, and we do have a little bit of a lift in the market here so far. It’s shaky, though, at best. Volatility is the name of the game.
SPEAKER 04 :
I mean, it’s been the name of the game. I saw a stat for the DAC. In the German stock market, they had their best day this year two days ago. And their worst day yesterday. And then now they’re having their best day this year today. I’m like, what do we got going on here?
SPEAKER 03 :
Make sure I sell on the best day and buy on the worst day. That’s a new trading strategy there. You know, the problem is it’s unpredictable because it’s news-driven. Now, if you can predict the news and what Putin’s going to do and what Zelensky’s going to do and what Scheinbaum down in Mexico is going to do and what our friend Trudeau up in Canada is going to do and what Trump is going to do, that’s pretty much what the market is trading on right now. But there is an undercurrent here. There’s no question about it. We’re seeing some pretty weak reports come in on the economy, number one. And number two, we’re seeing some cautionary words being put out there by companies in a lot of different industries right now. And not just because of the tariffs, but also because of a slowdown. The private payroll was really weak this morning.
SPEAKER 04 :
Yeah, ADP numbers were fairly weak, under 100,000. It was an interesting dynamic when you look inside those numbers because we added a pretty significant number of manufacturing jobs. imagine that right uh with uh yeah with some of the trump policies and then you know already taking a little effect but then on the other end usually you have one that’s big is usually education and uh is always usually on the you know going up over time right in this case it actually dropped down so that could be part of the you know could be some of the Some other cuts somewhere, but some contractors, who knows.
SPEAKER 03 :
But it was a mixed bag, but still a low number. Yes, it’s a low number. Now, we get the real number on Friday, the non-farm payrolls. This is always a precursor to that. It’s not always an indicator. But I will say this, that most of the jobs reports, there is a trend in place right now that is sloping downwards. Maybe the jobs market has peaked for now. I think it probably has, especially as you take into account Take into account the government workers that are being laid off. Now, over the last two days, the Dow is down 1,320 points. And it is up today. But you’ve got to look at those technical levels very, very closely. We’ve had a green light on the market since January of 2023. We are now two years and one month into that green light. We definitely have a yellow light on the market right now, cautionary light. caused by valuations and charts that have gone a long ways over the last couple of years. The Dow was down 670 yesterday. The NASDAQ did a little bit better yesterday. Gold is closing in on 3000 again. It’s at 2924. Oil is extremely weak. It’s down to $66.98. So there’s a little silver lining. If you’re putting less gas into your SUV, you’re putting more money, hopefully, into Costco or over there at Domino’s, whatever you’re… favorite place to spend is uh trump tariffs definitely a big big part of this because they came back on uh tuesday was it tuesday yesterday on mexico and on canada and so far neither one of them has backed off in fact if anything they’ve uh doubled down you know the first time they backed off And this time they seem to be more in a retaliatory mood. As a lot of the world, you know, does not like Trump. There’s no question about it. And Mexico, I’m sure, is one of those countries. But at the same time, both Canada and Mexico rely heavily, heavily on buying of their goods from the United States of America, their best customer products. Other than Europe. So anyways, jobs market, private jobs market, cools. There was some talk last night, although I didn’t hear it, about toning down the tariff rhetoric. You know, the guy from Cantor Fitzgerald’s… Yeah, I heard Ludwig… Not Sputnik, what’s his name? Ludwig.
SPEAKER 04 :
I heard him speak this morning, actually, for about 15 minutes, and he was… He basically essentially said, so for something like auto, for example, tariffs are going to kind of probably, if you look at the sector, that would hurt the worst initially, certainly going to be the auto sector. And they’re going to figure maybe make some adjustments there simply because you’ve got to have a certain number of American inputs into those cars to make them, quote-unquote, fit the old deal that Trump laid out a few years back.
SPEAKER 03 :
CPP or whatever that was. Yeah, I can’t keep up with all that.
SPEAKER 04 :
Yeah, I can’t keep up with all the acronyms. But, yeah, so there’s a chance there that those kind of get through. Of course, the union support was part of what helped Trump a little bit in the election. And so you don’t want to turn your back on those folks.
SPEAKER 03 :
And Trump is surrounded by Wall Street guys. I mean, with Lutnick, who ran Cantor Fitzgerald, and you’ve got the Treasury Secretary Besson, who is a… is a very well-known hedge fund manager. I’m sure they’ve got Trump’s ear, and they’re not going to let the stock market tank in the first few months of his administration. I wouldn’t think, unless the powers to be that are stacked up against him are not to be overcome. There’s definitely a battle going on. Right now, there’s a floor of Congress, right? I mean, last night. Oh, yeah.
SPEAKER 04 :
We had to escort someone out very early in the proceedings. And then, of course, I did think it was interesting that I don’t believe you mentioned the stock market one time, which is pretty surprising.
SPEAKER 03 :
No, just the tariffs.
SPEAKER 04 :
Okay, now… And bond yields. You talked about bond yields being low.
SPEAKER 03 :
Yes, if you want to buy a federal building, there’s a lot of them on sale right now. The GSA initially published a list of more than 444 properties on Tuesday… representing over $8.3 billion in recapitalization needs. The list included the headquarters for the FBI, Department of Justice, Department of Veterans Affairs, and Department of Health and Human Services. So, anyways, you know, we had some federal buildings here in Charleston. We had a federal post office downtown that converted into a very upscale hotel, right? Yeah, exactly. And our big library downtown converted into the Bennett Hotel, which is probably the number one or number two hotel in Charleston.
SPEAKER 04 :
Is that what that was beforehand?
SPEAKER 03 :
Yes, it was the Charleston Library. What’s the name of the hotel that was the federal post office in Charleston? It’s a beautiful hotel. I’ve been in there before. So anyways, we’ll see what becomes of these buildings that the government doesn’t need anymore as they continue to trim government. We’ll be right back. And welcome back here to the second quarter of today’s Best Docs Now show. I got that commercial a little bit wrong. I got to fix that. Owens Fish Camp doesn’t have that 1904 salad, Barry. It’s Columbia out there on Armand Circle that has that great salad. And Owens Fish Camp’s got those broiled, charcoal broiled oysters that I’m looking forward to when I get down there to Sarasota. I’ve looked at about 100 charts here during the break here. Real quickly, thumbing through them. Palantir looks pretty good. Nothing looks very good. It’s just very dull right now. The market is, you know, there’s a lot of unknowns right now. And the market, if you look at a chart, there’s a lot of undecided charts right now. And rightly so. We’re being heard a little bit by CrowdStrike today. It’s been a big winner for us, but it came up a little short last night. Palantir, on the other hand, is doing pretty well today. So it just depends. But overall… It’s in a wait-and-see mode. Trump says the CHIPS Act is a horrible thing. Should use the money to reduce the debt. You know, I had to wonder why they were throwing money at the semiconductor companies, right? I mean, like NVIDIA needs more profit, or AMD, or… or whoever it is, Qualcomm, the chips. It didn’t make a lot of sense to me, but they like throwing a lot of money around, $75 billion. It was designed to boost the U.S. semiconductor manufacturing and reduce reliance on foreign suppliers.
SPEAKER 04 :
Well, and a lot of those I hear were already going to be building those, and it’s like almost like they made it look like, okay, we’re attracting this investment, unlike the $100 billion that… That Taiwan Semi was going to bring on a few days ago, that’s real money. In this sense, they really just gave a subsidy to a plan that was already in place.
SPEAKER 03 :
Yeah, and they haven’t even needed the money or have spent the money. We’ve got to quit throwing money around. You want to make an investment.
SPEAKER 04 :
I call it an investment. It’s supposed to be an investment, not really a subsidy. Anything that you’re doing in this sense, if you’re encouraging… or if you’re giving money to something, there should be some kind of… Return on investment, ROI.
SPEAKER 03 :
Trump appreciates Zelensky’s statement. Zelensky seems to be coming around. That’s why you can’t go too hog wild and make any decisions on this whole tariff thing. Because Mexico could come around by the end of the day. Canada could come around by the end of tomorrow. We just don’t know. And, of course, when Zelensky left Friday, you had a feeling that he would be back. And I do think that that maybe has put in a little bottom under the market. The market definitely improved yesterday when the news came out that Zelensky is now ready to make a deal. He may have to wait, though. He may have to see a little more contrition, a little more.
SPEAKER 04 :
Does he just jet set around the world? I was thinking, who pays his fuel budget? Because I’m like, okay, I’m going to leave, and then goes over to Europe, and it’s like, oh, I’m going to come back. I’m like, who’s paying that fuel bill?
SPEAKER 03 :
Well, here’s what I’ve heard. You go to the most famous ski resorts in the Swiss Alps, and it’s all Ukrainians. you know spending money like drunken sailors and guess whose money it is you know that’s just a fact there’s a lot of money that’s been sent to Ukraine just like there’s been a lot of money sent to the semiconductors we got to knock this stuff off and get control over it it’s easy to give money away I mean anybody can give money away but how about investing in things that you’re going to get a return on the money Tesla sales in Germany. You know what? This is troubling. This is really troubling. I don’t own Tesla. I saw the handwriting on the wall. Their China sales plummet almost 50%. Their Europe sales plummet almost 50%. Their sales here in America are plummeting. Elon Musk, obviously, the head of Doge, that’s not helping his cause any with his Tesla sales. His sales in Germany plunged 76% year over year. If I’m not mistaken, he’s got a gigafactory in Germany. So, you know, Tesla stock, you know, I was looking at Kathy Woods. She’s down over 30% in the last several weeks with her ARK funds. And, of course, Tesla is a big holding there. This stock has been almost cut in half in the last three months or so. So Elon not doing too well.
SPEAKER 04 :
He’s almost in a no-win situation, by the way.
SPEAKER 03 :
I know. You know what? I have to give him credit because he’s doing what he thinks is best at his own peril. Right. And it has been his own peril. Okay, Cathie Woods unloads 550,000 shares of UPath. which has been tanking. It’s down to 12 right now. And her ARK funds, I sent out a tweet or whatever you call them yesterday about how much ARK is down over the last three weeks, like 30%. Really incredible. Here’s your stock of the day, ARBB. ARBB. ARBB, baby. Look at that. It’s up 52% today. Why? It’s only $1.71, so don’t get too excited. They’re talking AI. There’s something to do with AI. They get an order for AI products, all right? Vistra upgraded to buy at B of A as recent drop points to investor opportunity. Now, that’s all I hear about is how we need to juice the grid, that we don’t have the grid to supply the future of what’s coming in many different ways. Vistra has been a very weak stock here recently, very weak, even though it’s one of the major players in nuclear. And I have heard that they’re going to use it all, liquid natural gas, nuclear, oil, not coal. I think coal’s pretty much done, and nuclear. So I’m still a believer, but at the same time, these stocks are under pressure. B of A likes it. They opted to buy.
SPEAKER 04 :
And Vistra is just a great, I mean, I like looking at their map in terms of where they are, what different types of power they have. I mean, they’ve got, you know, they’re really a very integrated group. I mean, so you’ve got, you know, a nuclear play, but they also, like you said, have a lot from, you know, natural gas, a lot of where they’re growing things. The business is in the natural gas space just because it’s much faster to ramp up than it is to ramp up a nuclear capability.
SPEAKER 03 :
And the stock is now trading at about 15 times forward earnings. But, you know, the technicals are not very good. You know, if I’m broadcasting from Kansas in about 20 minutes here, it is getting really dark here in Mount Pleasant. Now, my office faces the Wando River. And looking outside, and there’s white caps, and it is just really, really dark here right now. We have tornado warnings up right now, so might end up in Kansas, Barry.
SPEAKER 04 :
Yeah, I think I told you the worst time today, at least when I saw the forecast this morning, was between 10 and 11, which is when we’re doing the show.
SPEAKER 03 :
If we go off the air, you’ll know why. Novo Nordisk launches NovoCare, rivaling Eli Lilly’s Lilly Direct. which, you know, now you can go to Lilly Direct, and they’ll hook you up with a doctor that can prescribe Zepbound, which is a wonder drug, and Novo Nordisk Wagovi is a wonder drug, and now you can go to Novo Nordisk. You don’t got to go to your local compounder or the guy back in the alley selling compounded weight loss drugs. They launched Novo Care, and the stock is up nicely. I think that’s a good value play, Novo NVO. It’s up 4.0% today so far. 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. Call out the instigator Because there’s something in the air And welcome back here to the second half of today’s Best Docs Now show. Well, you know, I keep seeing these big tech companies making deals in the data center space, Carrier Global and Google Cloud. have joined forces to collaborate on innovative solutions to help unlock capacity and grid expansion. There you go with that, grid expansion in the U.S. markets. Now, Carrier is a – you’ve probably heard of Carrier if you’ve ever had your – I was going to check. Yeah, to have your air conditioner replaced, your unit, which that usually happens as soon as it gets hot in the summertime, your air conditioner goes out. Got to call the guys to come replace it. It’s not cheap. But anyways, Carrier is a big player there. It never fails. The heater goes out in November. The air conditioner goes out about July, middle of July. Anyways, Carrier has a new division. This is of note because this puts it into the AI camp. And led by Carrier’s new energy solution, CARR, this will integrate their battery-enabled HVAC technology delivered through its home energy management system with Google Cloud’s AI-powered analytics system.
SPEAKER 04 :
Yeah, you’ve got to keep that stuff cool. That’s the one thing we know, right?
SPEAKER 03 :
Yes, it’s a big, big factor. The combined solution is expected to create intelligent, connected solutions for residential HVAC customers and, of course, for these data centers. Here comes a lineup of bad news bears, it seems like, from companies or economic reports that don’t indicate very good things out there. Class 8 truck orders collapsed in February amid economic and trade uncertainty. Okay, it may not be that the demand’s not there, but the uncertainty… People don’t spend. The consumer is included in that.
SPEAKER 04 :
And businesses are the ones that seem to be kind of in a non-spending mode at the moment. When you hear from a lot of these CEOs, all you really hear about the last week is uncertainty.
SPEAKER 03 :
We haven’t heard of any hiring lately. It’s all been layoffs, too. I mean, not a lot, but 1,000 here, 2,000 there. Seasonally adjusted Class 8 orders fell 28% from January to just 16,000 units, the lowest reading in almost two years. So, you know what, that’s an indicator of the economy. That’s night transport, Old Dominion, all these things that pass you, you know, going south on 95 to Sarasota. You all, Werner, Daimler, Cummins, Schneider National, all of these, There’s a deal in the biotech industry. Jazz is buying Chimerix.
SPEAKER 04 :
Jazz Pharmaceutical. I had a client who worked for them years and years ago before he retired, and he was in the middle when that stock was taken off.
SPEAKER 03 :
Well, and they moved their headquarters to Ireland.
SPEAKER 04 :
Moved to Ireland. He had a bunch of company stock and had a big tax hit because of that change. He couldn’t control it. But, yeah, just every time I see that symbol, jazz, I think of that.
SPEAKER 03 :
Yeah, their pills are shaking. Oh, boy, the power is flickering here, folks. I’m just putting you on notice, and I’m putting Dallas on notice. Our board operator, the power is flickering. My generac may kick on here in a minute. Yeah, they moved. Jazz’s pills are shaped like saxophones. No, I’m just kidding. They might get stuck in your laryngitis. Chimerix is up 70% today. They make antiviral therapeutics for the prevention of Cyto. The megalovirus infection, which you don’t want to get when your air conditioning goes out. M&A Snapshot, that’s your M&A Snapshot for the day. Palantir and TW Global announced joint venture to deploy AI program. You know, Palantir, they are very well diversified. I know 55% of their business is the U.S. government. And I know that the U.S. government is in a mode of cutting spending. But Palantir just seems to be in all the right places for me. And, yes, it’s down 90, 125 down to 90. That’s about a 25% haircut that it’s taken. But it went up just astronomically. there for about three or four weeks in a row.
SPEAKER 04 :
But I still believe that these companies, like you’re talking about, there’s a difference between cutting costs or cutting bad, throwing money, good money after bad, and then there’s making good investments, right? And to me, probably Palantir and some other ones are going to be ones where you actually want to invest in, right?
SPEAKER 03 :
Yes, and they’re flush with cash. Lilly is flush with cash. Novo Nordisk is flush with cash. Palantir. Think of the cash NVIDIA has in the bank. And they can make some very good acquisitions. I mean, it’s just good to have money in the bank when opportunities come along. Palantir looks like a good entry point at this level. It’s at 8,607 right now. We never sold our Palantir during this big sell-off, although we did sell off a couple of our other big software holdings.
SPEAKER 04 :
And names we had held for a while.
SPEAKER 03 :
Yes, and had nice profits in them. A-Net, Arista Networks, is getting an upgrade to a buy. That was one of our biggest winners, but we did let go of Arista Networks. That stock just, wow, got taken to the cleaners very quickly. Very, very quickly. It’s another one we sold for a profit. We had a bigger profit. I should have probably cut it a little sooner. Yeah, you know, that’s another issue. You have big profits. When do you sell? Okay.
SPEAKER 04 :
Well, when these moves have been, I mean, you talked about it already. It was an eight-day correction. I mean, that’s only six trading days.
SPEAKER 03 :
So that creates a problem, all right? I mean, it’s like I did not know we were under tornado watch today until I woke up this morning. Okay, I get it. I don’t have time to batten down the hatches and to get into a room and all this kind of stuff. And sometimes that happens in the stock market. It happens so quickly, it makes your head spin. But as a basic rule, think about this, okay? Let’s just say you bought, oh, Netflix has gone a long ways or Meta have gone a long ways. We have big gains in those. You know, maybe a trailing stop. Where would you set it? Well, definitely not 30% below its high or 40%, but maybe in the 15% area below its high, all right? You don’t want to give up. You got big profits. A trailing stop will follow the stock higher, right, and keep raising and rising up. And then, you know, if it should correct by 15%, well, you have to physically reset the sell point on it. But 15%, let’s just say you’ve got 100% profit in a stock and it’s at 100%. Well, 85, you know, would be kind of your trapeze, the net under the tightrope that would catch you just in case it started to fall. But sometimes it happens so quickly like this time, it just made your head spin. Axum resolves patent dispute with Hikma. I’m glad they did that. Axum, though, is a stock worthy of note. They have a very, very promising migraine headache. drug which i wish it was on the market right now with this market as volatile as it is i could i could use a couple right here next to my keyboard but axum is now 127 company a very very promising biotech with a very very promising product and they do have sales so If I were to list my top five biotech stocks, Axum would be there, AXSM. Always good to solve patent disputes also. We have earnings. We were 97% done with earnings as of last Friday. We’re expecting growth of 18%. This coming quarter, I think, is around 12%, which this quarter will end in just four weeks from now. We’re already into March, and we’ll be talking about earnings season all over again. But there are some tail-end earnings reports that are coming in. Are earnings being ratcheted downwards? Not yet. Maybe a little. Maybe just a little. I did see some adjustments maybe to this quarter that we’re in right now and next quarter. But down the road, I have not seen any lower adjustments. But then again, you’ve got a big unknown right in the middle of all of this, which is the tariff. effect and that would hurt earnings i don’t see how it can’t okay campbell’s soup well you know what it was once a growth stock it was once an idea that went a long long ways and became a great great company really an iconic company That red can on the shelf at the supermarket. But they warn about softness in some of their snacking categories. Maybe that’s Zepp found in Wegovy. People aren’t snacking as much. We’ll be right back.
SPEAKER 06 :
Thank you. Thank you.
SPEAKER 03 :
And welcome back here to the final segment of today’s Best Docs Now show. Well, the one that’s hurting us a little, but it is starting to rally a little bit actually here. It’s only down 9% right now. CrowdStrike I consider to be an A number one. software stock probably number two to palantir in my book just from watching it over the years looking at the performance looking at the momentum looking at uh you know the quality of the company uh they did have that big issue yes they had a big issue where uh you know a lot of the uh microsoft office went down and this kind of thing but they’ve recovered We still have a profit in it, but not like we did. CrowdStrike is one of the chosen. What? We only own 16 right now in our premier, 15 stocks in our premier growth portfolio. CrowdStrike is one of them. But it is down 9% today after, I thought they had a pretty good report myself. But you know how it is with those software stocks. Particularly in the security sector. It ain’t good enough, right? Yeah.
SPEAKER 04 :
No, in that security world, that’s a spot where you’ve got, to my opinion, some of the highest execution risk, right? Of course, they’re a big company, and there’s a good chance they’ll find a niche to fit in. But, yeah, I mean, whether it’s Palo Alto or… Some of the other ones you’ve seen, you know, some up and down, a lot of up and down action in that space.
SPEAKER 03 :
Yes, but the analysts remain bullish, and Bill Gunderson remains bullish on CrowdCRWD, which, well, I mentioned two there that you can look at that look like fairly decent Palantir and Crowd, two of the best. The other disaster here today, and I’m glad we sold this quite a while ago. We sold it at $153.32. It’s hitting $136 today. That’s the drone company out of Monrovia, California, AeroVironment. You know, I watched an interview with Tucker Carlson and a retired Army colonel on Monday, and he was talking about, the colonel was, about how warfare has just totally changed. The whole dynamics of warfare. And, of course, Ukraine and Russia are a perfect example of that with swarms of drones.
SPEAKER 04 :
That’s the modern. Yeah. And I mean, no different than with Israel. Well, and I heard the sound of war now is whatever the sound of a bunch of drones are.
SPEAKER 03 :
Yes. Now. Having said that, the drones were not very effective against Israel because they were able to take them all out and very few got through to their targets. I mean, think about it. You don’t have a crew in there risking their lives. And, you know, you can hardly detect them. And the next thing you know, you hear that buzzing noise. And the next thing you know, there’s an explosion. And you send swarms of those drones, and they can be pretty deadly. So drone factories are a big, big thing. in warfare these days and you know the other thing he said which caught my ear my father was in the navy in world war ii so i am a boomer which i think is a good thing i i know what it’s like to uh you know have a father that went fought in a world war to to save our butts here in uh in the u.s but He was talking about these aircraft carriers and how they’re just sitting docks. We’re spending big money. There’s two rolling off the line. One is the Bill Clinton aircraft carrier, and the other one is the, I think it’s the George Bush aircraft carrier. And he was saying, man, those things are expensive. And, you know, I mean, a drone can take those out from the hootie rebels almost. So he says we ought to be rethinking our strategy with these big expensive aircraft carriers. Okay, so that was his opinion. Dine Brands Global, you know, this is not a good brand. Applebee’s and IHOP. You ever see anybody in that IHOP by us? I’ve been in it once. No. TGI Fridays is now dark. It’s gone. All of the lamps are gone out of there. That was while they were open, I think. It was just a depressed place to go in. One guy’s in there and one waitress. It seems to be about the same. Now, when I was a kid, going to the International House of Pancakes, they had kind of an A-frame hut, right?
SPEAKER 04 :
It was packed.
SPEAKER 03 :
Yeah, there’s a line out the door, and you could get those Swedish lingonberry pancakes, and, you know, it was a big treat for a kid like me. Oh, man, and flavored syrups. That’s right. Would you like strawberry syrup, or I’ll take all three? And mix them. Yeah, they were good. But they don’t have much business these days. And Applebee’s, you know, they do a lot of advertising. But it just, you know, they need to do whatever Chili’s did. Chili’s has got it going again. Ross Storrs, cautious outlook. That’s the consumer. abercrombie and fitch cautious outlook again that’s the consumer but hey flutter entertainment gambling on sports no cautious outlooks there flutter entertainment guides that’s where the ihop money’s going instead of buying lingonberry pancakes or swedish pancakes with lingonberry syrup They’re gambling on how long the national anthem will take. Will it take 60 seconds over or under? These kinds of propositions. But Flutter had a good, strong report as momentum builds. Sports gambling is a big, big deal. Okay, well, the dark cloud passed. The power is still on. The market hasn’t tanked. So we’re going to make it through the rest of the day I think here. If you’d like to set up an appointment with us to talk about your portfolio, you can reach us at 855-611-BEST. 855-611-BEST. We remain very vigilant right now on the markets. It should be noted that yesterday the NASDAQ, for the first time since February of 2023 when we put out the buy signal on the NASDAQ, how far has it come since then? A long ways. It closed yesterday below, just below its 200-day moving average. Now, there’s no such thing as an automatic sell signal. But that definitely puts, from a technical point of view, not evaluation, not a sentiment, but from a technical point of view, that’s a red alert. So you have to be a little bit tighter in your management here of different positions and whatnot under these circumstances that we currently reside under. Again, to make an appointment with us to get that four-week trial, I already sent out about four or five alerts. Yesterday I didn’t send out any because the market would be up, then down, up, then down. By the time I got the alert done to send out, it totally reversed itself. So I only sent out a market open and a market close yesterday. Today I’ve already sent out about five to get that four-week trial. GundersenCapital.com, GundersenCapital.com. 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.
