In this episode, Bill Gundersen provides a comprehensive overview of the current market landscape, drawing comparisons between the modern tech environment and the early 2000s dot-com bubble. Exploring George Foreman’s career successes, shifting household equity, and significant developments in the EV sector, Bill delivers valuable information with his seasoned financial lens. Guests will also get a sneak peek into Gundersen Capital’s upcoming social engagement in Sarasota.
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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.
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And welcome to the Monday. It is the Monday, March 24th edition of the Best Stocks Now show. And the market marches forward here today. Wow. We have one heck of a rally going on on Wall Street today. The Dow is up 477 points. That’s 1.14%. Meanwhile, the NASDAQ is up 319, 315 points right now. That’s 1.77%. The S&P 500 is up 1.42%, or 80 points right now. As Trump tones down the tariff rhetoric, I would say, is the biggest reason behind today’s move. Russell 2000 up 1.8% right now, which puts it at 2,093%. Gold is pretty quiet today. It’s at 30.30, but it is holding on to that 3,000 level, which it cleared for the first time a couple of weeks ago. In its history, the first time above 3,000. Crude oil is at 68.68 today. It’s been pretty quiet, those oil markets. The oil stocks energy patch had a pretty good week last week. But it’s been pretty lackluster here so far this year, although I have noted that the big energy stocks such as Exxon, BP, Chevron, etc., they’re acting a little bit better here. And over at the bond market, the 10-year is at 4.31%. up a few basis points this morning. 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 we have one heck of a good start to the market today. Now, two weeks ago in the newsletter, we tackled the subject of has the NASDAQ bottomed? And we made the case for it would look pretty good at that point in time. And obviously, we did a whole lot of buying once things straightened out. You see, on the one hand, I have to protect on the way down. I don’t want a 15% or 10% to turn into 30, 40, 50, 60. Okay, so I have a defense, and I draw a line. And then on the other hand, you know, if it only goes down 10, 15%, then it turns around. I have to be nimble enough to get back in. And you could say, well, why don’t you just ride through it? Well, okay, let’s go back to the year 2000 when the NASDAQ went down over 80%. Why didn’t I just ride through it? Well, you know what? You don’t know. You just don’t know. Like we said, one time out of four over the last, since World War II, there’s been 48 corrections of 10% or more. 25% of them have turned into bear markets. So I do my best to protect folks from that bear market, but I’ve also got to be nimbleberry on the other side of the equation. Because if we didn’t get back in very quickly when I thought a bottom was being put in, we’d be left behind. You know, there’s one thing, fear of missing out, but you don’t want to LB left behind either. It’s one of those always two decisions, one to get out and one to get back in. So, you know, normally a round trip does not go so quickly. But you have to be nimble, number one, and I have to be unconstrained, number two. I can’t sit there and watch, which just seems stupid to me. Well, my charter says that I have to be fully invested all the way down, 80% down in the NASDAQ, but I’m obeying my charter. That doesn’t make logical sense to me. So anyways, you know, I think you can see, I think we just had a fire drill yesterday And you can see the action that I take very, very quickly if things look like they’re going to go south. And you can also see on the other side how quickly that I can get back in. You know, with today’s technology, too, it’s a lot easier. Then it used to be, oh, man, it used to be horrendous. I had to make my own spreadsheets, Barry, to submit to trading over at Scottrade. They didn’t have all of this allocation stuff that we have today. The old electronic blotter. Oh, it was horrible. In a certain format. Yes, and every trade cost $7. So, you know, I mean, that would add up over time, and now we don’t have that $7 fee. So it’s all gotten a lot better for a technique, a system like I have where I can get out very quickly if I need to, and I can get back in very quickly if I need to. Now, we have a good start to the day. So far, what did we discuss in Friday’s newsletter? I said to myself, you know what? We did the NASDAQ last week. Let’s look at the S&P 500 this week because it’s the bellwether. And if you read the article on the S&P 500, we made the case for the bottom. It’s not to say that these bottoms are going to hold, but they’re holding for now. And I think what’s helping, there’s a couple points I want to make here. I think what’s helping, number one, I think Trump’s advisors have said, you know, you can tone down the tariff rhetoric and you can be more flexible and you can do more of targeted tariffs rather than across-the-board tariffs. And I think that brought a big sigh of relief to Wall Street, number one. And number two, while they were comparing the sell-off in AI, which was pretty stiff, I mean, that’s about 25%, While the sell-off in the market, the NASDAQ was about 15, the sell-off in AI was about 25, if you look at Palantir and NVIDIA, et cetera. And they were starting to compare it, Barry, to the year 2000. All right, I was there in the year 2000. And I can tell you that the stocks of today are nothing like the year 2000. The year 2000 was all hype. They were just adding, if you just changed your name and added a .com to the end of your name, oh, now we’ve got an online presence and a website, the stock would go up. And the fundamentals were not there. I mean, people were buying these stocks on the hopes that someday they would be there. And, I mean, they were buying 10 years out, maybe seven or eight. And many of those stocks, most of them, I’m going to say 90% of them, really didn’t have a business plan beyond the IPO, right? I mean, the venture capital was running crazy. They were throwing money around at anything that had any kind of promise as far as the Internet and the Web. The Web was a big thing. It won’t.
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And you would even get judged just based on user. It didn’t even matter how many people are visiting your website.
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Just visiting your website, let alone buying. Well, how much is a visitor to your website worth? It’s not worth anything. It’s not worth anything. eyeballs on your website we had a little bit about of that you know with tick tock and how many engagements but do engagements turn into actual product and sales and earnings there’s a far cry from engagements and and and the bottom line earnings so now we have company vidya and palantir and microsoft and amazon that are proven winners right over time meta and are you know printing money i mean the profit margins are obscene i hear you know i hear complaints about profit margins at the grocery stores and profit margins uh you know at the the chicken farmers and stuff like that they pale in comparison to the profit margins at microsoft or the profit margins of NVIDIA, nobody’s complaining about those profit margins, which are up around 30%, which is unheard of. Take, for instance, just the S&P 500 itself. This core average, the average profit margin is going to be 12%. That’s pretty good. Okay. And, you know, I hear complaints about companies that have a 2% or 3% profit margin, that they’re gouging the public. You know, a lot of these drug companies and food companies, they have very, very thin profit margins. And then you put them up against Meta and Amazon and Google and their fat profit. So I would just say comparing this period of time, I was there in 2000, and it’s not the same at all. Yes, the valuations are high right now, but the valuations back then were 100s forward earnings. In many cases, those earnings never developed. There were no earnings. No, there were no earnings. You were totally buying the future on a hope and a prayer. And how much fluff was built into all of that? Well, 80%.
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80%.
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The NASDAQ went down. So, yeah, you want to ride through that? A lot of people did. They ended up being a greeter at Walmart instead of being retired and traveling the world. All right. With that said, we’re looking forward. I’m leaving for Sarasota here about halfway through the show. Barry’s going to bring us home. We’ll be at Marina Jack’s at about 530. If you want to join us, I’m buying. We’ll be out there on the patio, Jeff and I and our wives. Come on down. We’ll be right back. And welcome back here to the second quarter of today’s Best Stocks Now show. We’re having a good day here at Gunderson Capital Management. Man, we’ve got some of our stuff. I was just looking here at a few stocks that are having a very good day. Palantir is up 4.8% today. Robinhood up 8.1%. Shopify up 5%. BYDDF up 5.4%. GE Vernova up 3.42%. So anyways, very good day here. I guess lucky charm. Our lucky charm is Sarasota. Headed to Sarasota here halfway through the show. I’m leaving for the airport. Barry’s going to bring us home. But as I said, I mean, I’m serious. We’re going to be at Marina. You know, I just like the vibe there. You get in from the airplane and blah, blah, blah, all the travel, and you sit out on that patio and hear some reggae music, have a nice black and mahi, you know, sandwich. It’s just kind of like it’s quintessential Sarasota to me. So come on down, join us, 530. It’s 5 o’clock somewhere, Barry. And we’ll be out there on the DO chilling a little bit. Come on down. I’ll buy you a mahi sandwich. Okay, let’s get back to work.
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I just saw a message. I think Edie’s on the way to the airport, too.
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She’s on her way to the airport, too. I don’t know what time she gets in. But the four of us, Jeff and his wife and myself and my wife, will be there. Hopefully by 5.30 on the patio. We get in about 4.30, so… That should give us plenty of time to get over to Marina Jacks. Okay, and Cleveland, you’re next. As soon as we get back, we’re planning our Cleveland trip. Now, there is a lot happening in the market today. First, I’ve got to mention George Foreman. You know what? Look, I grew up, my dad was a big heavyweight title fight. The heavyweight title fights back then were something. The whole world watched them. And I still remember the thriller in Manila with Joe Frazier and Muhammad Ali. And, of course, Foreman was the rumble in the jungle. I think it was in Zaire or something like that. They would have these fights very offshore so they didn’t have to pay U.S. taxes because, you know, those were like $20 million just went to these guys for just showing up. And, of course, Foreman eventually became the heavyweight and quite a businessman. I really admired him.
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The Foreman grill, man. The Foreman grill. I think ultimately whenever he finally sold it, I think he sold it for, I don’t know, it was in the $100 million.
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Yeah. My hat is off to him. He achieved a lot in his life. He was a good man. And I did see Muhammad Ali fight in San Diego against Kenny Norton, and Kenny Norton beat him. He broke his jaw, Muhammad Ali’s jaw. That shut up the mouth of the South for a little while anyways. Okay, U.S. household equity wealth could fall by $3 trillion this quarter. Well, okay, if you consider your 401Ks, You know, house prices haven’t gone anywhere. Your EV car has gone down in value. My best performing asset so far this year has been my powdered eggs. And the gold, you know, we have a little bit. You’ve got to be diversified. Our gold holdings have done well so far this year, and silver’s done well. But obviously the market is down during this first quarter of 2025. I think the market had to get used to a fast-moving administration. I don’t know if the market was ready for how fast Trump was moving.
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They had a sleepy one. I mean, it kind of got lulled to sleep, right? We had a pretty sleepy administration, particularly towards the end of the most recent one.
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Yes, and all the tariff talk. And it seems like the market, I kind of thought, you know, eventually they’re going to get used to it. And I think Trump’s advisors are going to tell him to tone it down just a little bit, which he’s done. And now we can focus on earnings once again, which are still pretty good. I mean, I did my macro outlook update in the newsletter over the weekend. In the meantime, U.S. eyes of Black Sea ceasefire as talks with Russia begin. I mean, there is progress being made there. Guess who’s going to Greenland tomorrow? They’re sending Vance’s wife, the first lady.
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Vice lady? What do you call it? I don’t know what you call that. Second lady? I don’t know.
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Well, with Kamala, it was the second man or whatever. But Michael Waltz is also going, our national security advisor, and looking over the lay of the land in Greenland. I don’t think Denmark is real happy with that. In fact, they considered a shot over the bow. Hyundai is announcing.
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They sent more security. I don’t know if it was security for her, but I saw where they sent some troops or something as more security.
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Well, I mean, Leif Erikson was known to, you know, those parts, the Norwegians. I mean, that’s been fought over over time. And it looks like there may be another fight over Greenland. Hyundai is going to do a $20 billion investment in the U.S. Hyundai is out of South Korea, obviously, to get around the tariffs. They’re going to add a third manufacturing facility in Georgia. uh… they’re going to add to their existing facilities in alabama uh… and i also saw one other thing a brand new plant a steel plant or something like that in the u s uh… at another uh… location so anyways that’s more jobs coming to america oh and evie facility near savannah georgia which is just about one hour south of us. Savannah is a beautiful little place. If you ever get a chance, visit Savannah. That’s where Greg Allman hung out. That’s in his last days. He died right outside of Savannah, Georgia. AIBoomEchoes.com bubble. I just talked about that. There’s some key differences there, and I mean key differences. A couple of rare earth companies. I added them to my app, USAR.com. is USA Rare Earth. They appointed a new CEO. That’s important to watch, those Rare Earth, because Trump is very, very focused. That’s part of the Greenland. I don’t think they’re going to make wooden boats and paddle to Greenland. They’re going to land in one of the big presidential jets. but they’re scoping it out for rare earth. It’s obvious that rare earth is on his mind because he also wants access to Ukraine’s rare earth, which I don’t think that’s going to fly. And then there’s another one, U.S. gold mining, which is USGO. USGO, they are on the move up in the Whistler, Canada area, British Columbia area, and in Alaska. So we’ll keep our eye. And, of course, there’s Mountain Pass, which is MP, which is the other big rare earth stock here in America. Boeing gets an upgrade. You know, that’s what turned the market around on Friday. The market was down about 450 points. Nike was dragging it down. And then Boeing got that huge contract for the next fighter jet. You know, those current fighter jets are a lot cheaper than the new version that will be coming out, which is going to be the F-47, named after Trump, obviously, as the 47th president. But the price tag is quite high, and the loser in that whole thing was Lockheed Martin, LMT. Okay, Barry, you’re going to bring it home. Talk about Oclo when we come back and BYDDF and other things that I sent over to you. And we’ll see you in Sarasota.
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Yeah, have a safe trip.
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All right, take care. I’ve been in the right place. 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. Music
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Good morning and welcome back here to the second half of the Monday, March 24th edition of the Best Docs Now show. I’m Barry Kite, planner and analyst here at Gunderson Capital. Subbing in for Bill this morning as he makes his way home. Over to the airport. Thankfully, I get to sit here in the studio with you folks and not have to worry about some of that hustle and bustle. Market-wise, it looks like things are participating or at least cooperating. At the moment, Dow’s up 1.2%. That’s 508 points to just under 42,500. We’ve got the S&P 500 up 83 today, pretty strong, up 1.47%. The NASDAQ up 340 points, up 1.92% at the moment. Crude oil still sitting just under 70, $68.88. Gold still over 3,000 at $3,009. I haven’t said that very often. And Bitcoin has kind of been in this $80,000 range for a while, but it’s at $87,942. That’s up 3.5% today. But as Bill is getting on his way to Sarasota, you can always stay up to date with our thoughts, his thoughts on the markets. You can get the newsletter and four weeks of live trading over at GundersenCapital.com. Or if you’d like to give us a call, welcome to do so. Give me your ring at 855-611-BEST. That’s 855-611-2378. And as Bill mentioned, Oklo, in the news, a name we own and have owned in the nuclear power space, of course, We talk about the nuclear power piece of power generation as further long-duration… Certainly out those earnings being further out, ACLO potentially has a benefit in terms of being able to build smaller facilities. But they’re in kind of think almost kind of think of this a little bit as buying almost biotech in terms of talking to the talking to food and FDA. But they’re talking with the U.S. Nuclear Regulatory Commission. They’re doing a preapplication. So essentially the department has information ahead of time on what they’re trying to do. This is essentially they’re trying to make continued progress towards commercial licenses for their nuclear technology. And in terms of the stock, earlier it was up almost as much as 10%. Now it was up about 5% this morning. When that news came out, it was up 10.6% to just over $30 this morning. That was one that was certainly popping up on the radar. Another one in the news is just kind of almost really the Chinese EV market in general. BYDDF, or BYD in terms of the company name, is up almost 5% today, 4.66%. It’s a $53.42, and, you know, the whole, really the whole China’s EV space is in the news today just in terms of what the, you know, adoption level of EVs has been there. BYDDF is a name, you know, name… is a name we own in the EV space. In terms of penetration, BYD is certainly the biggest manufacturer in China. It’s certainly a dominant force over there. We just had the news, I think Bill mentioned, Towards the end of last week, where they’ve put together a charging system, essentially will charge your car in about five minutes. But, you know, there’s certainly, in terms of the rate in which adoption there it’s uh you know they’re looking at 50 percent adoption rate in china in terms of vehicles this year there’s 11 million uh ev sold there i guess in 2024 um i don’t know if you know adoption is the fact that you know folks want these cars or if they’re you know or if it’s somewhat of a forced adoption in a certain sense but Regardless, they are kind of almost really the epicenter of the EV markets, particularly when you’re talking about it based on cost and volume. But you’ve got NIO over there. That’s also, you know, been one of the leading, you know, top higher-end, you know, EV companies over in China. We owned them, you know, a few years ago. X-Ping is one of the ones that’s, you know, kind of taken off recently in terms of market share. Li Auto has been around there for a while. And then you get Tesla, which… You know, Tesla’s still the largest foreign brand of EVs in the country. Then you’ve got Volkswagen, I think, is planning on launching some names in terms of, if you want to look at it from a foreign competition there. But Tesla, I mean, essentially all of these EV makers are up kind of on this news today. You’ve got Tesla up over 9%. I saw where you’ve got kind of a, Almost a meme rally and coming to support for Elon here with Tesla at, you know, up $23 today, up 9%. Certainly probably squeezing out some short interest there today. But also around this news of EVs in China and just, you know, the demand and I think they’re expected to have around 75% penetration there by… I think, I don’t know, 2027, somewhere around there. So it’s something that’s going to continue to ramp up at least in China. And then along those lines, Tesla’s about to roll out their full self-driving in China after their software was recently approved. So I don’t know if that fits into it. I think there’s a lot of reasons why Tesla’s stock is up 9% today. And one of them certainly is them getting approved for self-driving in China. When we look at the markets overall, we had economic-wise, a little news this morning, we had the US PMI expanded actually at a faster rate in March than expected, really driven by the services sector. So we haven’t seen that pick up necessarily in manufacturing yet. We’ll see where that goes once we get some more clarity on the tariff front. But services PMI came in at 54.3 versus a consensus of 51.2. So increased pretty significantly there. So that’s one read of the economy in terms of good news, or at least news that the economy remains on the trajectory that it has been. So that’s one piece of economic news we got this morning, I think. And certainly in terms of kind of what’s driving the market as well today is you had some kind of softer language from the president in regards to tariffs. It’s going to be more, I guess we’d call it more targeted tariffs. uh, surgical in nature than, uh, you know, that just getting rid of, uh, you know, taxing or adding a tariff on top of, you know, anything sold, uh, in a particular, uh, industry and, or just anything sold from a, from a country in general. But, So we’ll get some more clarity on that in terms of the economic calendar. Like I said, we had PMI this morning. In terms of economic news, we’ve got a few. uh… fed members speaking a good bit of fed speak this week uh… you know we get a gdp revision uh… and on thursday really just uh… you know main thing this week is really a lot of fed speak and then we’ll get the the weekly jobless claims i guess one big number uh… the end of the week uh… this number’s not quite as it’s more you can calculate it nowadays uh… versus having to wait for it to come out but We do get the PCE inflation figure on Friday. That’s obviously going to be important from a Fed standpoint. That’s their favorite inflation rate to look at. So we’ll get that number on Friday. Don’t necessarily expect any big surprises there. Those numbers have tended to come in pretty close to estimates as of late. I guess the GDP number will be interesting on Thursday particularly. We’ll see just what the impact of imports, exports in terms of net imports being negative on GDP. And Bill’s been talking about that a good bit here. on the show, but we made it through three-fourths of the show today, and we’ll be back for the fourth quarter. Thank you for listening. It’s the Best Docs Now show. We’ll be right back. And welcome back here to the Monday, March 24th edition of the Best Docs Now show. I am Barry Kite, planner and analyst here at Gunderson Capital. Finishing up for Bill today as he makes his way down to Sarasota. He’ll be down there this evening getting a mahi sandwich salad, having a beverage and listening to some music down there today as long as everything goes as planned at the airport. Well, we’re getting, in terms of starting off a new trading week this week. Obviously, if you didn’t have a chance, go to the website, GundersenCapital.com. Grab a… Grab a copy of the most recent newsletter there. In terms of the market, markets remain off to a pretty quick start this morning. We’ve got the NASDAQ up 2%, leading the way up 367 points. We’ve got the S&P 500 up just under… It looks like 1.6%, up 1.6%. And the Dow, bringing up the rear there, up 1.3%. But in terms of the market, not a ton of news. Like I said, really, most of it’s really been kind of around the EV trade. It seems to be this morning. And we’ve got, you know, when you look at some of these names, that are kind of leading the market. You’ve got Palantir up 6.5% here. You’ve got GEV, Vernova, GEV back up over 4% showing up on the charts today. We’ve got Meta up over 3.5%. Even Amazon up 3.3%. Robinhood up over 10%. I think MicroStrategy bought another 6,900 Bitcoins last week. It’s $584 million worth. And it also looks like they’ve been raising some preferred stock dollars, selling some preferred stock to cover those costs from a borrowing standpoint. So it looks like they’re paying about 8% to borrow dollars for Bitcoin. That looks like kind of a risk on day, certainly for the market. In terms of a big loser in the market today, I saw where 23andMe, I guess, has filed for Chapter 11 bankruptcy. It was down over 40% this morning, as you would imagine. Let’s see. But I don’t know if folks who have an account there have a service with that. But, yeah, they’re down to trading at $0.93 today. At least from a stock listed standpoint, 23andMe may be on the outs today. Get it while you can. We’ve got, I saw something where Supermicro is pulling back a little here today in terms of down 2%. I think they were down as much as 3% this morning. So they had, I believe it was a bit of a downgrade by Goldman Sachs. Let’s see what else we’ve got moving around here. We’ve sent Robinhood up 10%. I’ll have to look into what’s driving that number. We talked about the Chinese EV space, BYDDF, being up over 5.5% today. A couple of other things, Solar Novo Nordisk. So I guess they’re going to expand a program where they are letting folks, I guess, cash-paying customers buy a one-month supply of Wagovi for $499. So they’re expanding that. So I guess that’s a discount compared to what it would normally be. And that’s where I see that. We’ve talked about it here. That’s where we kind of see this space going at some point. they’re going to be able to ramp up that supply, make it cheaper, and, you know, I think more people will have access to it and more people will likely, you know, take something like some version of some GLP-1, you know, whether it’s Novo Nordisk or LilyMade, but it’s an interesting story there, particularly with a lot of the A lot of the compounders, essentially going to be, a lot of that supply going to be going away here shortly, if not already. Interesting story I kind of got a chuckle out of was, I guess, Apple’s CEO, Tim Cook, I guess he was impressed by DeepSeek’s model while he was in China. I was just kind of laughed because I don’t know if we know what Apple’s AI model is yet, so I guess it wouldn’t surprise me if he was impressed. I haven’t seen theirs yet. But we’ve got, you know, I think really China’s kind of turned that, and Bill talked about this recently, really since, you know, kind of think of the sentiment around China and investing in China really kind of has shifted, really going back to, you know, kind of the deep seek. It was almost their chat GPT or, you know, or even NVIDIA’s, massive earnings call. Those are kind of those kind of turning point moments and really deep seek ever since that announcement whether how much of it was true or not regardless has really lit a fire underneath the Chinese markets in general and so we’re seeing that through the EV names today. We’ve seen it through some of their internet stocks and some of the old players, original players that we remember back two or three years ago, whether it’s Alibaba or JD.com. So keeping Bill fishes everywhere. We keep our eye out on all different parts of the market. And certainly, at least for the moment, it seems like some Chinese names are awaiting that space. But we’ll look forward to Bill’s trip down south to Sarasota. I hope the folks that want a chance to say hello to us get a chance to do so. But we hope everyone has a good trading Monday as we kick this week off. Of course, if you want to stay up to date with the newsletter, with Bill’s thoughts out there, obviously welcome to do so. You can always reach us at GundersenCapital.com. Or if you want to talk to us, have a discussion. Happy to take a look at your portfolio and give you our thoughts. You can reach Edie at 655-611-BEST. That’s 855-611-2378. Give her a ring and get an appointment set with myself, Jeff, Bill, and we’ll look forward to chatting with you. I hope everyone has a great day out there. Thank you for joining us. Bye now.
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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.