This episode dives into the significant financial dynamics shaping our current economic landscape. Tune in as we explore how strong earnings reports have driven market success, despite potential setbacks from tariffs and political discord. We also look ahead at the barrage of earnings reports coming this week, with heavyweights like Microsoft, Meta, and Amazon leading the charge. Whether you’re an investor gauging market conditions or a curious listener, this discussion provides a comprehensive market perspective.
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 edition of the Best Stocks Now show with professional money manager Bill Gunderson, president of Gunderson Capital Management. I’m here with Barry Kite, our chartered financial analyst, on this April the 28th, 2025. The futures were down last night, but we are at least mixed here in the market so far today. The Dow is up 251 points. After a very good week last week, the Dow to 40,365. The NASDAQ is down 16, however. A little weakness in NVIDIA today. We’ll get to that in a bit. NASDAQ’s at 17,367. The S&P 500 is up 11%. $5,536 on the S&P 500. Interest rates about the same. They’re up a couple of basis points this morning with the 10-year at 4.28%. Gold is up a little bit. Not at its all-time high, just slightly under it. Gold is at $3,311. Oil $63.14. I noticed $2.49 gas here in South Carolina. Over the weekend, gas prices have come down since the Trump inauguration. And so has the market. Bitcoin is up $749 right now. BitClear up to $94,746 and has been in rally mode. So welcome to today’s Best Stocks Now show with professional money manager Bill Gunderson, president of Gunderson Capital Management. I’m here with Barry Kite, our chartered financial analyst. By the numbers, Barry. Since I wrote that article on the market’s going to be fine, the S&P, that was the day the S&P bottomed, and it’s up 14% since then. So another pretty good gutsy call from Gunderson out there. I don’t hear a lot of other guys making those calls. In the landscape, I listen to the Kramers. Well, I don’t listen, but I know what they’re saying. And other market gurus, UBS, Merrill Lynch, Bank of America, Goldman Sachs, Morgan Stanley. I didn’t hear any of them making that call. Now, the Wall Street week last week, that was the second best weekly gain of the year. And keep in mind that we started the week with a 1,000-point drop when Trump went into a public feud with Jerome Powell. That’s how we started our week last week with the Dow down 1,000 points. But we had a 5% advance last week in the market, which is pretty good. It was led by big tech. Information technology, you know, the Palantirs of the world, the Meta, CrowdStrike, et cetera, that technology, information technology was up 7.9% last week. Humor discretionary was up 7.4% and communication services up 6.4%. I would say it was pretty much about earnings, earnings, earnings last week. And the headline of my newsletter was, Earnings Trump Trump. Trump can say what he wants and upset the markets, but at the end of the day, the next four days were all about earnings. And the earnings were good. Now, brace yourself. We have 120 S&P 500 companies reporting this week. And I’m going to give you an update on this earnings season, which is surprisingly good. And I think that’s why you saw the 5% gain in the market. That’s the biggest reason, which included a 1,000-point drop on Monday. I think we maybe had Barry drop. I don’t hear Barry out there. We’ll have to pick him back up, but that’s okay. We’ll soldier on here. European markets rise on signs of easing trade tensions. Are there easing trade tensions? I guess. I guess it seems like the market eventually gets used to things. Unemployment in Spain, 10.6%. That’s pretty high. I don’t know what’s going on in Spain, but that’s been one of the leading indexes. In the world, the Canadians go to the polls in economy and trade. And, of course, you know, it would be interesting to see what happens after Justin Trudeau finally stepped down. And I don’t think a lot of Canadians were real happy with him that he took the country in. It’s going to be very interesting, very interesting. A federal election day is underway in Canada amid a worsening economic outlook for the country. The cost of living has been noted as one of the most important issues for voters. Slow productivity growth. A lot of things on the ballot there. Conservative Party head Pierre Pallivier had a big lead going into the end of 2024, but given the chaos surrounding the exit of leader Justin Trudeau and his minority candidates, government since then the heir to trudeau’s liberal party mark carney i heard him speaking yesterday has closed the polls due to his haired mind stance against u.s threats and economic national and he’s pretty much running on a platform of anti-trump we’re not going to let the u.s uh screw us we’re not going to let the u.s take us over blah blah blah All this and that. But anyways, he’s more of the liberal agenda with the climate change and things like this, the green economy. So we’ll see which way Canada goes. There is Election Day in Canada. Pretty high stakes there, I would say. Big Tech faces high-tech earnings week amid tariff jitters. Wow. I mean, we’ve got a lot of companies that are going to be checking in this week, including Microsoft, Apple, Meta, Amazon. We heard from Google last week. I think we might get NVIDIA. I have to check on that this week.
SPEAKER 04 :
Yeah, I don’t know if NVIDIA is this week, Bill. I think it’s four out of the seven, quote, unquote, magnificent seven. Yeah, Meta and Microsoft on Wednesday. We’ve got Amazon and Apple on Thursday. And then we also have, you know, a couple of things called the adp employment report right on wednesday and then we get the employment report on friday which non-farm payrolls which should be a it’s going to be a pretty interesting number we’ll see what yeah and the election in canada we got a big week coming up here and don’t forget the kentucky derby on saturday that’s how we i’m gonna need to get some uh i’m gonna get some i’m gonna need to get some picks uh picks from you at some point uh this week so
SPEAKER 03 :
I was going to go this year, and my wife has a church assignment downtown Charleston about this time of year, every year. They have a house of all the churches in downtown. Which, you know, we’re the cradle of freedom of religion. We’ve got like every denomination.
SPEAKER 04 :
The holy city.
SPEAKER 03 :
We call it the holy city. No building can be higher than a steeple, believe it or not, here in Charleston. So she’s going to be one of the guides down there this Sunday. nixing our Kentucky Derby trip this year. I’ve been once. She’s been once. We were going to go this year, but holy city trumps the Kentucky Derby. We’ll have to watch it on Saturday. Now, I’m going to go over these earnings reports and where we stand. We’ve got about, I think, 35% of the companies. We’ve got a trend going on, and I want to talk about that because with 130 companies this week reporting, If that trend continues, that could be very significant. Trump tariffs trigger sharp drop in U.S. port and air freight demand. So it’s starting to show up now in the supply chain. It’s showing up at the ports. It’s showing up at the airports. Of course, you’ve still got 145% tariff on Chinese imports.
SPEAKER 04 :
I saw one, only one over there on the one terminal side where you can have usually three, and they’re usually filled up. So I saw a map, too, where you can follow shipping maps, right, and see where a lot of these big freighters, you know. there’s not that much activity, right?
SPEAKER 03 :
Well, the shelves are going to be empty here pretty soon at Home Depot and Lowe’s and all the others, you know. The port of Los Angeles forecasting a 33% drop in scheduled arrivals for the week. We need to see some progress with China. Besson was on the Sunday show yesterday, one of the Sunday shows, and he said he doesn’t know if Trump has talked personally with Xi or not. He did reiterate that the two have a pretty good relationship, although you wouldn’t know it by the big standoff that’s taking place right now. But he continues to say that it’s unsustainable for China. These tariffs on China are unsustainable. They depend upon manufacturing, and they depend on selling what they make, unless they’re going to start just stockpiling like they did with the cars. Yeah, all of a sudden you’re going to have all of these widgets stacking up. some city in China that never gets sold. So anyways, we would like to see some progress made this week in those negotiations. The elephant in the room is China. Update on earnings when we come back. And welcome back here to the second quarter of today’s Best Stocks Now show. There is definitely a trend in the earnings reports. Now, remember, this is the first quarter that companies are, you know, starting to figure in the cost of tariffs and the impact on their earnings going forward. So it’s a very significant quarter and very important to see what the trend is right now. So Q1 2025, which obviously finished 28 days ago. Now we have all these companies reporting. We’ve had 36% of the companies in the S&P 500 report earnings so far. 73% have reported a positive earnings surprise. So I see no dip whatsoever in the companies that beat their earnings in the first quarter of this year. That’s about average, 73%. 64% have reported a positive earnings revenue surprise sales. I don’t see any dip there either. And again, that’s about a normal quarter so far. Now, here’s the big number for me.
SPEAKER 04 :
And it’s hard to manipulate revenue, too. Yeah, you can. Earnings is a non-cash number. There’s certainly some tricks that have been used over the years for that. But revenue, it’s hard. Unless you’re booking revenue earlier than you actually earned it. But other than that, it’s a good number in terms of 60-something percent there. Right.
SPEAKER 03 :
Now, here’s the big number for me, though. When we started this, well, last week, let’s just go back to last week before all these companies reported earnings this week. We were expecting 7.2% growth versus the same quarter last year, 7.2%. By the end of the week, that number rose to 10.1%. That’s significant. It’s one thing to have 73% of the companies beat their earnings estimates, but to have the earnings estimates improve by that much, from 7.2% to 10.1%. that’s the trend okay that is what the way the earnings are trending here what will it be by the end of this week if that continues i mean you could see like fifteen percent or so which would be phenomenal And I believe that those earnings beats last week, and that number going up 10.1 from 7.2 was the biggest reason why we had the second best week in the market last week, and that’s why I coined the phrase, earnings trump trump. It came down to earnings. Now, last year… Stocks follow earnings. Yes, exactly. So, all right, now… This has been a very good earnings season so far. We’re expecting $61 per share, somewhere in that neighborhood, versus $56.45 in the same quarter last year. The forward PE ratio right now is 19.9. So, you know, a lot of that easy value in the market was taken out last week. We had a move of 5% last week. So we started the market very undervalued. And, of course, by Monday… When we were down 1,000 points, we had a pretty good valuation on the market, but then you had four days that squeezed a lot of that valuation out, and we’re back to 19.9 forward earnings right now, which is about par. So we’re in fair value. But going forward, we still have plenty of upside in the market. A little bit below average, however. Now this week, 180 S&P 500 companies, including 11 Dow companies, 11 companies in the Dow are going to report this week. We’ll be reporting. So we’ll see. I mean, the trend is up. The trend is, you know, for bigger growth than we were expecting. And that’s why you’re seeing the market so far. And I would just say from my perspective, I looked at the headlines of each company. And unless you’re in the direct line… of tariffs okay the automobile industry or the uh… like companies that sell big discounted trinkets from china and things like this uh… you know i didn’t see that many companies really warning that that the tariffs were going to have a big impact on their business so That’s where we stand in earnings right now. Okay, now, who’s going to report this week? Well, we mentioned several. Let’s get a little bit more granular here so we know which days to have our tums ready. Let’s see here. On Monday today, we’re going to get, let me get to my schedule here real quickly. Here we go. Okay, Monday. Monday, NXP Semiconductor, not a big deal there. Transocean Offshore, Waste Management, Domino’s Pizza has already reported. So not a real big day. Usually your big days for earnings are Tuesday, Wednesday, and Thursday. On Tuesday, you’re going to get Pfizer. One of the worst stocks in the Dow. The Dow’s got too many soggy stocks in it from my perspective. Get Pfizer out of there. Replace it with Lilly. Get UnitedHealthcare out of there. Also reporting on Tuesday, PayPal, Visa, Altria, Coca-Cola, Starbucks, General Motors, UPS, Kraft Heinz, Spotify. There’s a big one for us. Booking Holdings, which is the old Priceline.com. Okay, then we go to Wednesday. Microsoft, that will be a very big report for the NASDAQ. Meta will report. That will be a very big tech report. Qualcomm, Caterpillar, Teladoc, Etsy, MGM, MetLife. Then on Thursday, you’re going to get Apple. And Apple is in the midst of moving all of their production, all of their assembly.
SPEAKER 04 :
For U.S., yeah, for U.S. essentially phones that make it here to India.
SPEAKER 03 :
Okay, and Apple will report on Thursday. Amazon will report on Thursday. That’s a huge day. McDonald’s.
SPEAKER 04 :
That Apple call will be interesting. Every once in a while you always get these transcripts where I’m like, you know, that’s what I want to read through, right? That would be an interesting one.
SPEAKER 03 :
Well, here’s the big question with Apple, and I think I know the answer to it. By moving their production to China and having those iPhones made in China.
SPEAKER 04 :
In India or in India.
SPEAKER 03 :
In China. No, in China.
SPEAKER 04 :
Oh, okay.
SPEAKER 03 :
It wasn’t long before China had their Huawei phone.
SPEAKER 04 :
Which works very similar to the Apple phone, okay?
SPEAKER 03 :
So that’s the risk you take, obviously, when you move offshore.
SPEAKER 04 :
Those are your trade secrets.
SPEAKER 03 :
The question is, and that’s one of the big controversial stocks today, is NVIDIA. Huawei has a chip that they’re going to demo that supposedly is almost equivalent to the NVIDIA chip. That would be a big blow to NVIDIA. NVIDIA is down a little bit, so there’s some doubt there. But obviously, I mean, NVIDIA has been selling a lot of those chips to China, and they’re pretty good at reverse engineering things. We’ll be right back.
SPEAKER 08 :
This is Bill Gunderson. Thank you for tuning in to today’s Best Stocks Now, Best Inverse Funds Now show.
SPEAKER 03 :
Now, back to the second half of the show.
SPEAKER 07 :
And welcome back here to the second half of today’s Best Docs Now show. Well, we’re just three weeks out.
SPEAKER 03 :
From our Cleveland visit, Warrensville, Ohio, the Marriott, the big Marriott there, just east of Cleveland. Tuesday night, May the 20th, 7 p.m., I’ll be teaching a little class. Well, you know, an update on the market and the different criteria that I look at. And you’ll be able to meet the crew there. And then Tuesday and Wednesday during the day, we’re open for appointments. We’ve got Edie booking them, and we usually fill up. I’ve never gone on a trip yet where it wasn’t full or overfilled. We’ve added a day before. Yes, added today. So you can call us at 855-611-BEST to set up a financial planning, take a look at your portfolio. This is an opportunity for you. We’re going to try to get to Cleveland a couple times per year. 8-5-5-6-11 best. 8-5-5-6-11 best.
SPEAKER 04 :
Bring some statements in or some positions. Bill loves going through those sheets.
SPEAKER 03 :
I love shaking my head and holding my nose. I don’t do that. I try not to do that. I try to be discreet, but inside I’m going… There’s Johnson & Johnson. There’s Kimberly-Clark. They all are. IBM. Anyways, we shall see. We should have a prize for the best portfolio that comes in. If there is such a thing, I don’t know. You’ve named a couple before. I’ve seen a few good ones because they’ve listened to me and bought all the stocks I talk about. All right. Trump says U.S. ships should travel through the Panama and Suez Canals for free. After all, I mean, we helped build them, and we shouldn’t be charged anyways. France is eyeing big cuts to state agencies. That’s a shock because they’re probably one of the most. oppressive, restrictive. They’ll fine you if you don’t dot an I or cross a T. But they’re looking to, they’re going to doge, do a little doge dance in France.
SPEAKER 04 :
Yeah, the thing is, it’s a big employment base, right? I mean, you know, a lot of their, you know, have employment bases. You know, some of these, you know, would consider, you know, kind of federal type jobs. And, you know, cutting that workforce, essentially, right? You’re cutting… you know, potential growth, retail sales, right, those things. So it’s a tough situation to kind of maneuver out of because, you know, you fire those people or you let them go early, but at some point, you know, you’ve got to kind of reintegrate them into the workforce in some capacity.
SPEAKER 03 :
Well, maybe that trend will continue, you know, and go through Italy and Greece and Portugal and Spain where there’s a lot of bloated bureaucracy.
SPEAKER 04 :
Do you see where Spain is actually? I know you mentioned Spain having that, what, 10%?
SPEAKER 1 :
10.6%.
SPEAKER 04 :
Yeah, and they always kind of run a bit high. But I saw where they had blackouts there, and I think Portugal almost, where they, you know, almost a whole countrywide blackout.
SPEAKER 03 :
Well, the green energy won’t keep up with the demand on the grid. The windmills, maybe it was not windy over the weekend. But, you know, look, I mean, that’s a big problem. Energy needs going forward for AI and all of these different things. We’ve got to have good nuclear and liquid natural gas and coal. I mean, those are the three most efficient sources of energy. Goldman Sachs, okay, who I rarely agree with. They say we’re almost at their year-end target right now. Well, yeah, okay, so what are they going to do, revise it up? With the S&P climbing 5% for the week, bullied by easing tariff concerns and the kickoff of a pivotal earnings season, I would say it was mostly earnings. And, of course, David Koston has always been very, very… bearish and negative for the most part he’s their chief equity strategist what wasn’t it abby joseph cohen for years at goldman sachs uh she was always pretty cautious too the rally has pushed the index close at that bank kind of almost like a bank bent where they’re yeah i think the sky’s falling kind of yeah Bankers always think the sky is falling. That’s pretty much right. The rally has pushed the index close to the firm’s near-term target price of $5,300. Well, we’re at $5,500. Somebody should tell David Koston over there. Knock on the window and have him go outside and look. It’s sunny outside. Looking ahead, next week will be critical with 41% of the S&P 500’s market capitalization set to report earnings. So, you know, it hit $5,300, which was pretty easy to come up with that target price. You can see my latest target price. It has come down a little bit. You know, I’ve built in some revisions to earnings going forward. They have come down a little, not much. i’m gonna say that the earnings estimates for this year and next year have come down maybe five percent something like that which isn’t very much i mean if you’re talking two hundred and fifty dollars in earnings uh… five percent would be about twelve dollars somewhere in there i don’t even think it’s been five percent that’s even do i spend more like two or three percent now for this rally to uh… continue We need a resolution to China. That’s the elephant in the room. I think we need a couple of Fed rate cuts, no question about it. And we need consumer strength to stick. That’s what Bank of America says. I totally agree with that. Obviously, we need these earnings. But you know what? They’re still very bearish. They say cash is still king over there at Bank of America. There’s another one, Michael Hartnett, that I very seldom agree with. He’s their chief investment strategist at Bank of America. Merrill Lynch is their investment arm over there. And they remain very, very bearish on the market. For a true breakout in the market, they need a Trump-Xi peace agreement for sure, and a Fed rate cut obviously would really spur the market. It’s interesting.
SPEAKER 04 :
When I look at the CME group, they give you percentages of what the rate is. rate range will be right at least you know in terms of contracts and where people are putting their money and if you look at the end of the year contract i mean it’s a you know you’ve got almost 50 percent of folks are you know kind of in that almost you know basically three cuts for the year yeah there’s another 35 percent group that’s in in four you know four cuts i don’t see that i mean that’s just a It’s just pretty interesting where you see kind of what the Fed has been saying, right? And then, of course, where the market is saying, hey, they will cut. So we’ll see where that ends up at.
SPEAKER 03 :
The ECB has cut seven times, and we haven’t cut once. So that’s how far behind Europe we are. Now, when we go, okay, so after Cleveland, then we go back to Lakewood Ranch, and then we’re headed up out to Bloomfield Hills, Michigan. I want to go by, I don’t know if it’s possible, but they’re building this no-frills truck under $20,000, Slate Auto. That’s an interesting story. There’s a picture of it today. I mean, it’s no frills at all. There’s no navigation. There’s no radio. I don’t know if there’s even air conditioning available. But you’re going to get 150 miles of range, and it’s going to be under $18,000. It’s a cute-looking little deal, you know. But the interesting part of it, the investors are Jeff Bezos, obviously from Amazon, Mark Walter, the controlling owner of the L.A. Dodgers. and the CEO of Guggenheim Partners, and Thomas Toll, who is the lead investor of Build Manufacturing. That’s the name of the company that’s doing this. It’s inspired by iconic vehicles like the Ford Model T and the Volkswagen Beetle. That’s quite a combination. We built it. You make it. So you can then do a lot of upgrades and this. But the base model is going to be under $20,000. This basic little electric pickup. Now, you know, for a college kid or something like that, that was my first car was a Datsun pickup. When those small trucks, we wouldn’t let in the big trucks. And then finally they did. They let in the Toyota. Kathy Wood projects Bitcoin to soar to 1.5 million by 2030. That’s just five years from now. Why am I working? Why don’t I put everything I’ve got into Bitcoin and just play all day? If it’s going to $1.5 million, where does she come up with this stuff? She’s the craziest. I don’t understand it. But that’ll get you headlines, Harry.
SPEAKER 04 :
Well, I mean, if she thinks Tesla’s going to $5,000 or whatever, then, you know, Bitcoin to, what, a million and a half, 1.25? I mean, it’s possible, apparently.
SPEAKER 03 :
In the meantime, ARK funds have sorely underperformed the market by a long shot. But that’s her Bitcoin price, $1.5 million. Okay, when we come back, we’ve got some individual companies to talk about here. This is the Best Docs Now show.
SPEAKER 06 :
You’ve got to go where you want to go and do what you want to do and win whoever.
SPEAKER 03 :
And welcome back here to the final segment of today’s Best Stocks Now. Show some stocks in the news today. Let’s look at NVIDIA first. It’s down 2.5%. It had a huge day on Friday. It looks like it’s put in a pretty good bottom there, and it looks pretty cheap to me. But there is rumor. We’ll just have to see. I mean, does Huawei – did they pull it off? Did they come up with a competitor to NVIDIA’s chip? And, of course – I don’t think the rest of the world would buy it, but it would solve the problem for China, who is restricted from buying the NVIDIA chips. So we’ll see. I mean, right now NVIDIA is down. Okay, now Pony. Pony has been a weird stock. Okay, Pony is China’s answer here to – I’m getting some ticking here in my microphone. I hope it’s not going out on the air. Pony is up 30% again today. That is a phenomenal move. That’s been like three or four days, four or five days in a row. We own Pony in our emerging growth portfolio, okay? So Pony having a huge day today, up 30, 29%. Pony has got, let’s see, there’s some news on Pony. What was it here? They showcase their new models at the Shanghai Auto Show. So Pony and WeRide, W-R-D, are the two big players for autonomous vehicles, AVs, over in China. And I guess it showed pretty well, their car.
SPEAKER 04 :
I was on that Slate website during the break. Is that interesting? It’s kind of interesting, yeah. I mean, I’ve got to close this thing out. It seems like you could spend all day on here.
SPEAKER 03 :
Well, when you send your boys to college, give them a stripped-down electric. It’s 150 miles. At least it’ll get them out of town. for you right and 50 bucks i mean you know i think the reserve is 50 dollars or something so um yeah it’s pretty that could be a a player i mean it’s kind of like when the japanese trucks came here uh what how much is a cyber truck for heaven’s sake i mean this is a basic little truck to get you around.
SPEAKER 04 :
And you can turn it into an SUV or a fastback.
SPEAKER 03 :
That’s a lot of stops, though, every 150 miles. Seems like it. And you don’t want to wait until it’s 140, believe me, because finding a charging station. But still… I mean, for a starter car, Taiwan Semiconductor sees bullish view at B of A after the technology symposium event. The chips have definitely improved. I see a bottom there in Taiwan Semiconductor for sure. I see a bottom in NVIDIA. I see a bottom in AMD, at least for now. And it’s a pretty good one. It’s a pretty good one. The other stock that’s been interesting to watch here, Celsius made that big buy of Alani, A-L-N-I. I think they made a pretty good buy because Celsius has gone from 21% to 36%. About a 60% move. They say Alani New is a $1 billion brand. Wow. Alani New sold out, too. I’m sure they made a lot of money. But, you know, they’re in some big outlets. Alani New, I’ve seen them at Walmart. I’ve seen them at Sam’s or in Target. I think they’re at Costco, too. Is that the blue can? 200 milligrams of caffeine. Wow. That’ll last you all week. I mean, you go 150 miles on one can. Domino’s Pizza falls after reporting a decline. You know, I just think that the pizza stocks, they had a corner on the market in delivery. And now with DoorDash and Uber, you can order. You know, I saw even the downtown Charleston restaurants are now on DoorDash. If you do a search…
SPEAKER 04 :
You can get Xiaobao delivered to your door. I mean, it’s pretty amazing, and it’s not that expensive. They don’t take reservations there, so at that place you’d have to actually get there at a decent time to get the food.
SPEAKER 03 :
Yeah, we had it delivered from Johns Island one night. It was 30 miles away, and the traffic’s horrendous. I mean, to go there and back would cost you $20 in gas. It was $5 to have it delivered. I don’t do it very often. We had Mario’s Peruvian Chicken. That’s a good place. Had that delivered Friday night. I didn’t smell anything up there in the kitchen cooking, you know, my wife. And I said, I’d better order something that doesn’t look too promising. Got that Mario’s Peruvian Chicken. Okay, now the last one I’m going to mention here, Opera. Why do I mention Opera? Because Opera is a big AI stock. Out of Norway, of all places. I made a lot of money in opera a couple years back. It went way up. I should have sold it when it was way up. Then it started to trickle downwards, and we did take a good profit in it, but it was a lot higher at one point in time. Opera reported earnings, and that stock’s up 3.7% today. So anyways, if you get a chance, the newsletter, pretty important update on the macro outlook. Because now we’re starting to see tariffs factored into the equation. And, you know, I mean, what does that mean? Is it going to be a 25% hit to earnings? That would be $60 a share in the S&P this year. Is it going to be a 10% hit to earnings? That would be $24 a share. A 5% hit would be $12 a share. Out of 20 times multiple… So $12 a share would mean 240 points for the S&P 500. But I updated everything based on what we have in the books right now, 36% of the companies. But by the end of this week, it’s going to be way up there. We’re going to have about 60% in the books. And that’s all I can say is we went from 7.1% growth to over 10%. That’s a big move in just four days of earnings reports. That’s the trend right now. getting to be a fatter and wider beat than expected. That’s a good trend. Okay, we’re out of time. To book your reservation in Cleveland, May 20th, May 21st. That’s a Tuesday and a Wednesday in Warrensville, Ohio. At the Big Marriott there, we’ll be there during the day and in the evening. Tuesday evening will be a workshop at 7 p.m. We have limited space for the reservations. We have limited space for the workshop itself. Call 855-611-BEST, talk to Edie, or go online at GundersenCapital.com. That’s GundersenCapital.com. You don’t have to be in Warrensville or Cleveland to talk with us. If you’d like to book an appointment with us over the phone or Zoom, 855-611-BEST, 855-611-BEST to get a four-week trial to the newsletter and the live trading, 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 SIBC and FINRA.
