Bill Gundersen delves into the intricate financial landscape marked by fluctuating oil prices and their geopolitical implications. With insights into job market trends and technological advancements, the discussion offers a balanced view on the challenges and opportunities in the current economic climate. As Bill examines the roll-out of new strategic mineral deals and the potential for tariffs on pharmaceuticals, listeners gain a comprehensive understanding of the forces at play.
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 08 :
And welcome to the Thursday, the Thirsty Thursday. It is May the 1st, the first day in May. This is Bill Gunderson, President of Gunderson Capital Management. And boy, we’ve got a full-blown rally taking place. On Wall Street here today with the Dow up 265 points to 40,934. You’ve got the NASDAQ just on fire today, up 314 points, mostly a meta trend. So glad I met you. And Microsoft, we’ve got the NASDAQ up 1.8%. The S&P is up 1% right now. That’s 56 points to the upside. The small cap is not doing so good, however. They’re up just a quarter of a percent today. For me, the big story is oil. Oil has plunged. It was $56 per barrel this morning. It’s now $58 per barrel. That’s the lowest price on oil that I’ve seen in a long time. And, of course, that’s good for consumers at the gas pump, not so good for the oil drillers and the frackers. It’s also going to spell some trouble for Russia and Iran, countries that depend upon oil for income. We’ve got a rally going on in Bitcoin. Bitcoin is hitting 96,074 and gold is selling off today. Gold is going through a big correction here. Gold is down about 2% right now. So welcome to today’s Best Stocks Now show with professional money manager Bill Gunderson, president of Gunderson Capital Management. And after a rocky market in April. We’ve got a blast off here on the first day of May with big gains in the NASDAQ and big gains in the Dow, big gains in the S&P 500. And I’m going to give credit mostly to a couple of companies here. One would be Microsoft, which had blowout earnings. And the other would be Meta Platforms, the company formerly known as Facebook, which has also had blowout earnings. Now, we own both of those stocks in our portfolios. I don’t consider them to be soggy stocks. And they had good reports yesterday.
SPEAKER 09 :
I saw something in the stat where 3.4 billion people daily use at least one app from Meta. That’s half the world. I looked up the population. Yeah, population in 2023 of the world was just over 8 billion. Yeah, so almost half of the population of the world uses a Meta app at least once a day. It blew my mind.
SPEAKER 08 :
I’m on the side that doesn’t. I don’t think I use any meta apps over here at Gundersen Capital Management. We had a big swoon in the market yesterday morning, and by the end of the day, the Dow had gone positive. We were down 700 points at one point in time. This shows you how the sentiment has shifted. Ever since I wrote my article, the day of the low in the S&P 500 at 4,800, we’ve been coming back slowly. You’ve got resilience now in the market. I would say that the fear of tariff war… They’ve miscalculated so far. It was way overblown. And as these companies report one by one, most of them will have no impact from the tariffs. Others are in the direct line. There’s no question about that. But the market has certainly become a lot more resilient here. recently with the dips being bought coming back from a big deficit yesterday to close positive you had a huge reversal but we ended the month of april in the red okay that’s the first month of the second quarter of twenty twenty five u.s. crude oil sinks to its lowest level since twenty twenty one Of course, that was the COVID year, or right after it, on demand gloom and potential Saudi supply hike. Well, okay. I mean, is it Trump’s policies that are driving oil lower? Or is the global economy coming to a screeching halt? Which is it? Or is it a combination thereof? It’s good news for the consumer. The consumer, you know, how many things have oil, petrochemicals in them? And, of course, the gas pump’s going to be kind. Remember people were putting stickers on gas pumps of Joe Biden saying, I did this. Maybe they’ll put stickers on there with Trump saying, I did this. It’s under $2 in some markets now, unleaded gasoline. So that’s good news for us. It’s not good news for the frackers and the oil and gas exploration companies, the oil industry. And I’ll tell you who it really hurts.
SPEAKER 09 :
Reduces profits, I mean.
SPEAKER 08 :
Definitely. I mean, to get it out of the ground, I don’t know what it costs these days, but it was $56, $58 this morning. That’s where it is now. I don’t know what the cost is. It depends on the region of the country of how much it costs to get it out of the ground. But they might be at break-even right now. I don’t know. The other two big impacts on the world, and it may be engineered this way a little bit to put pressure on Putin, Putin depends on those oil prices. Their economy depends on oil, and China’s economy depends on exports. So you’ve got to say that we’ve put the big squeeze on China and Russia by not buying their exports, and Russia by somehow the price of oil, which is their currency in Russia. And let’s not forget Iran, who were having some problems big-time negotiations with right now on the nuclear front, it really hurts them a lot, also the price of oil, because that’s how they fund a lot of their nefarious deeds around the world. Initial jobless claims jump. Should I be worried, okay? Of course, we watch that every Thursday. This is the highest number I’ve seen in a while, 241,000. It’s the higher end of a low range. Usually, red flags start going up as you approach 300,000. Right. We’re still down there at 241,000.
SPEAKER 09 :
And that four-week moving average is still at 226. We were at 223. It got revised 1,000 higher. We were at 223 last time, so 18,000 more. One number that would be to keep an eye on over time is just that continuing claims number. So that’s at 1.916 million versus 1.86 was the consensus. But that’s one of those where, you know, you start seeing continuing claims, right, continue to lengthen, right? Well, then that’s when, you know, you basically are having job losses, you know, kind of pile up, which eventually you’ll see roll through the unemployment numbers, which we get tomorrow. But those numbers aren’t going to be in that data.
SPEAKER 08 :
Well, I get the feeling that the job market is maybe loosening up a little bit, not as tight as it was, not as robust as it was. I mean, it’s still good, it’s still strong, but I think maybe things are getting a little bit tougher in the job market right now. Musk advocates for doge scrutiny of Fed costs. Of course, he heads the Department of Government Efficiency, and he’s considering dispatching his team to the Federal Reserve. pointing to the expensive renovation of the central bank’s Washington, D.C. headquarters. I don’t know if they have gold toilets in there or all kinds of different hardware and stuff that’s like a palace. But he’s using that as a possible example of government waste. I don’t know who’s behind that. Is that Jerome Powell and his crew over there running up the cost?
SPEAKER 09 :
Yes. Somehow I don’t see Jerome Powell sitting with some general contractors like, hey, can we get some marble over here? Can we get some marble, please?
SPEAKER 08 :
I doubt that, you know, I doubt that Musk office has, you know, like a folding table and cardboard. I bet he’s got a pretty nice office, but. He says, since at the end of the day this is all taxpayer money, I think we certainly, definitely look to see if indeed the Federal Reserve is spending $2.5 billion just on their interior designer. How would you like to get that contract?
SPEAKER 09 :
You can build some of that 2.5 to go help, I guess, RFK Stadium get rebuilt because they got that approved, I guess, last week. So, yeah, $2.5 billion seems like you could end up with something a bit more than just an interior designer.
SPEAKER 08 :
They could also be breathing down Jerome Powell’s neck a little bit, too. They’re still not happy with him. You know, seven rate cuts in Europe to R0. Trump in April said Powell’s termination cannot come fast enough. But, of course, he walked that back. But their Fed’s multi-year headquarters renovation has swelled to $2.5 billion. I say, audit the Fed. Hasn’t Ron Paul been calling for an audit? Well, at least they’re going to audit the renovation at their posh headquarters in Washington, D.C. All right. Hey, we finally have a new source of those rare earth minerals. Where are they coming from? We’ll be right back.
SPEAKER 06 :
He blows and blows.
SPEAKER 08 :
And welcome back here to the second quarter of today’s Best Docs Now show, where the U.S. and Ukraine signed a historic deal for access to Ukrainian mineral wealth on Wednesday. That’s pretty amazing. Now, the logistics of it all with a war taking place, are they going to put an iron dome over it to protect the workers? I don’t know how it’s all going to work. But you remember Trump, he went on and on after the Iran or the Iraq war. We should have taken the oil. We should have taken the oil. The finance, I mean, we spent a lot of money and blood and treasure, obviously, there in defending uh you know the countries against uh some bad actors over there and uh well he said has been saying we should uh get some money payment back from uh from our friend zalinski and they did sign a historic deal uh on rare earth so anyways
SPEAKER 09 :
Yeah, which puts pressure, by the way, to me. Signing that, all this stuff is kind of, you know, you think of each of these things, but they’re not happening in a vacuum. The thing about that is, well, we just had an announcement, what, a week or two ago where China was going to reduce some of those rare earths to us.
SPEAKER 08 :
They weren’t going to let us have any. They cut off all of them, I think. Yeah.
SPEAKER 09 :
And so now we’ve got this deal in place, and so there’s a lot of jockeying for position and negotiations. Same thing with that India deal, right? To me, I think that India deal, getting something in place there puts a ton of pressure on a country like china because you know population wise it’s the only one that’s uh you know really rivals um you know i guess malaysia is pretty pretty pretty far up there too but yeah according to population and half the people in india are on meta i guess and on in china they must be using metal on whatsapp yeah yeah whatsapp is the one that you know from a communication tool that uh you know we we we obviously think of meta as facebook or instagram uh but yeah WhatsApp, you know, folks use that around the world to communicate.
SPEAKER 08 :
Well, the FDA is going to tighten their vaccine approval requirements. I’m glad to see that. I’m sure that’s RFK at work there. They’re also looking into combining a bunch of vaccines into just one shot instead of giving you all these different ones. And according to RFK Jr., we’re going to know what causes autism by September. I mean, I’ll believe it when I see it. But that certainly would be a great blessing when you’ve got one in 31 kids, you know, having on some range of autism. You know, I talked to somebody who lives in Spain. They virtually don’t have any autism. So we’re doing something differently here in the U.S., He’s even pinned down the year, 1989, when it really started to ramp up. So I have a hunch that he kind of has an idea what it is. But, you know, zeroing in on it and having the proof. I don’t want to be the company that made the product that has caused all this autism. You’d think there’d be a heck of a lot of liability involved.
SPEAKER 09 :
Well, and he’s been looking into it. Yeah, he’s been looking into it for a while. I mean, I guess the difference is now he’s got the resource, the agency, right, to actually get, number one, to get a hold of some of this data probably. And number two now has a platform in which to hopefully shed some light on it.
SPEAKER 08 :
In my mind, it shouldn’t be that hard to narrow it down. How can it be an environmental pollution when it’s in the kid, basically? But maybe, maybe not. Maybe they’re not born with autism. Maybe it takes a while to develop. And they’ve kind of ruled out genetics, you know, being a gene that’s causing it. So anyways, we’ll continue to watch that. Okay, the big earnings report for the day. There’s several, and we’ve been waiting for this day. This is a big day in tech land. Look at the report from Microsoft today. I mean, where did that come from? Microsoft’s sales were up 13% year over year. Not bad for the biggest company in the world, I think, right now. That puts Microsoft, let me see where that puts Microsoft from a market cap point of view, 3.2, 3.2 trillion dollars. But it’s up 9.1% today. Okay, we own it in our dividend portfolio. Would you rather own AT&T that pays a 6% dividend or would you rather own Microsoft that pays a three-quarters of a percent dividend yield but still has tremendous growth and tremendous capital appreciation? Okay. It’s up 9.1% today. We got out of it in our growth portfolios. In fact, we got out of it entirely a while back at 394 as it broke support. And then I got back in it with the dividend portfolio at 360. It got down to 360. about a month ago, and now it’s hitting $4.31. So we’re up $70 a share on that buy getting back in. We bought it $34 lower than where we sold it. And let’s see, the company shows a 33% surge in Azure. Isn’t that the cloud? Yeah, that’s the cloud.
SPEAKER 09 :
That’s the cloud, the data center side of things. So, yeah, that’s a good number for them. That’s the number that the street’s been watching because that’s where the growth, you know, that’s where the growth for the company essentially is coming from on that data center side.
SPEAKER 08 :
Yeah, and I got to believe, you know, I think chat GPT gives them an advantage. I know at least personally, I do most of my searches, well, if I got a question, You know, my mom’s not around anymore to ask her the answer to this question, so I go to ChatGPT. ChatGPT, you know, what’s the best way to wire this to get the most voltage out of it? You know what? And it comes back with the answer immediately. Yeah. My dad uses it a ton. I use it all the time where I never used to use Microsoft Bing ever. So I got to believe that that’s a big advantage, a big leg up that they have over Google. It’s got to be hurting Google search.
SPEAKER 09 :
Well, and Google, yeah, I mean, 90% of searches, right, are done through Google, and they’re taking it on two fronts. They had that, what, announcement, saw something from the CEO in terms of what they, you know, Part of it, you know, a lot of it’s around that search side, and we’ve talked about the search side being the most vulnerable because everything AI, you know, starts with search. Yeah, 100%.
SPEAKER 08 :
It begins with the question. Right. Okay. Now, the other thing with Microsoft and Meta’s earnings here, the predicted demise of the growth in data center was certainly premature, right? These numbers show that data center growth is still cooking. It’s still growing. Now, there’s blips here and there. You had yesterday super microcomputer with the blip, but I’m seeing a nice recovery in NVIDIA. And other data center, ANAT had a very good report the other day. So I don’t think you can rule out data center. And the nuclear stocks have also steadied, have recovered quite a bit. Those data centers still got to be powered by something. And so data center growth still looks good. Cloud growth still looks good. The software stocks have been on the mend, and Microsoft is the king of software stocks, the biggest publicly traded company in our markets. We’ll be right back.
SPEAKER 03 :
This is Bill Gunderson.
SPEAKER 08 :
Thank you for tuning in to today’s Best Stocks Now, Best Inverse Funds Now show. I put several hours of research in during the wee hours of the morning each day to bring you the very best cutting-edge stories that I can. To get two free weeks of my newsletter, go to GundersonCapital.com. To talk to us about our fee-based only money management services… Call us at 855-611-BEST. Now, back to the second half of the show.
SPEAKER 05 :
Call out the instigator Because there’s something in the air
SPEAKER 08 :
And welcome back here to the second half of today’s Best Docs Now show. Hey, where are all of the doomsdayers now? I don’t hear them out there. They’re still trying to come up. I mean, they’ll come up with a negative headline today. They’ll come up with several negative headlines today somehow. I mean, yesterday was just all over the place about the negative GDP print with no explanation whatsoever that, you know, it was mostly caused by all of this front running, increasing the trade deficit, all the buying these companies did. No explanation at all. Which is going to muddy the data. Countries going into a recession.
SPEAKER 09 :
Yeah, which is going to muddy the data for a while. I mean, that’s the tricky part is trying to, you know, trying to trim some of this front running out versus, you know, some of the, of course, some of the employment data because you still have some of the federal workers, right, who are still getting paid. So there’s a lot of different – the data is going to be pretty dirty, I feel like, over the next few months.
SPEAKER 08 :
Yeah. The other one, too, is this drop in gas. I’ve seen a lot of doomsday headlines, the drop in oil, rather.
SPEAKER 09 :
Has global demand sapped or something like that.
SPEAKER 08 :
Plunges. They usually use the word plunges.
SPEAKER 09 :
Sounds like a roller coaster you want to ride, right?
SPEAKER 08 :
Crayers is another one. You know, it’s just where the globe has stopped spinning. The world stopped spinning yesterday. Okay, now let’s see here. We’ve got a lot more. The next biggest report for me was Meta. Those are two pretty big reports there. Those are two of the fabulous seven, so-called fabulous seven. Meta’s up $29 per share. It has given up a little bit of its gains, but it’s up 5.4%. Meta is now a $1.45 billion market cap. Meta’s sales were up 16%, not bad for a mature company. mega cap company uh medicap i guess and its earnings were up 37 percent year over year you can say what you want about zuckerbucks but he does bring in the uh the earnings uh there at meta i mean that grew from a college dorm at harvard right or was it yale harvard i think harvard yeah yeah They reported $6.43 for the quarter. They beat by $1.21. Meta is one of our largest holdings. And their revenue, $42 billion, beats by about a billion. Okay, just a cool billion. So look at their sales. I mean, $160, $170 billion per year in sales. And, you know, look, I mean, I’ve never given a dollar to them that I know of.
SPEAKER 09 :
That you knew about, right?
SPEAKER 08 :
I’ve certainly bought something, I’m sure, that was fed to me through a Facebook ad. I’ve never given them a nickel, but it all comes from advertising, I guess. When you’ve got that many eyeballs looking at those websites on a daily basis, that’s expensive real estate.
SPEAKER 09 :
It comes from the data. I mean, number one, you know, essentially users are paying in data. And on the other end of that, of course, the advertisers are paying meta for the ads.
SPEAKER 08 :
Well, Zuckerberg said that we’ve had a strong start to an important year. Our community continues to grow. I guess half the world and our business is performing very well, he said in his initial comments. We’re making good progress on AI glasses. and Meta AI, which now has almost 1 billion people that are active on Meta AI. Daily active people on Meta’s family of apps rose 6%, better than expected, to $3.43 billion. Our people, 3.43 billion people, half the world, on average for march uh add impressions across the family facebook whatsapp instagram rose by five percent with average price per ad rising ten percent it’s not cheap to advertise to half the world uh you know a billboard how many people pass it every day on the freeway that’s it how about Half the world looking at, you know, various of your apps on a daily basis. That’s incredible. Analyst reaction. The report brought blockbuster-like numbers, said Victor Derganoff, investing group leader for the financial profit. That’s over on Seeking Alpha. He was very impressed. Some of this increase is due to more than expected infrastructure costs. They have upped their infrastructure costs. But anyways, that’s a very strong report. Now we go from growth stocks, growth stocks, best stocks now. To stodgy old growth giants of yesteryear, which brings me to McDonald’s. I’ve got nothing against McDonald’s, but it’s become a soggy, non-growth stock. In fact, their sales were down 3% year over year. I think the price point’s hurting McDonald’s. And I think that the online ordering and having a lot more choices delivered to your door from DoorDash and from Uber, Uber Eats has got to hurt McDonald’s because it’s still a pain. It’s a hassle to drive over there and sit in that line waiting, and then they leave the lettuce off your Big Mac.
SPEAKER 09 :
I will say, Earl, just turn me on to the McDonald’s app, so whenever we do happen to be, I don’t know, driving through somewhere, right, it’s like, hey, you know, Go onto the app, do the order, and literally pull up, park, walk in, grab it off, and be sure to look at all the people in the line as you go by.
SPEAKER 08 :
Yeah, and the bargains. There’s some bargains. There’s always a deal, like two for one or whatever. It’s kind of a pain to try to find them and use them and scan this and scan that.
SPEAKER 09 :
But that’s a tough business. I mean, that whole business we’ve talked about, the whole fast casual or even fast food space just being kind of a tough space in terms of labor costs going up, food costs going up, lots of more options out there, GLP-1s headwind, right? I mean, it’s not an easy business.
SPEAKER 08 :
Let’s put this in perspective. For the quarter, McDonald’s did $6 billion in sales. $6 billion in sales. Meta did $42 billion in sales. seven times the size and yet you don’t see meta golden arches all over the world it’s all under the ground under the surface flying through the air uh through the data centers and websites and advertising meta’s job is to get you to mcdonald’s they make a heck of a lot more money uh seven times the sales at meta just showing you the best stocks now versus the soggy stocks of yesteryear what a difference there is mcdonald’s these sluggish sales in q1 its peers restaurant i also saw that shake shack a competitor a small competitor had pretty ugly sales themselves. But people looking at Yum! Brands and restaurant brands, et cetera, you know, as comparables, and it’s not very good. Now, the other one, the disappointing.
SPEAKER 09 :
Yeah, wasn’t their same store sales? I think their same store sales was like the worst since COVID, like since 2020.
SPEAKER 08 :
Yeah, I just think there’s a lot more competition coming. Yeah. And who’s going to have a DoorDash? I mean, do you know how much that adds to your order? And by the time you get that Big Mac, that thing, it’s soggy to begin with. By the time it gets to your house from DoorDash, it’s really, them fries are like limp.
SPEAKER 09 :
Throw them on low broil in the oven for a little while and revival. But, yeah, I mean, it’s just, I mean, there’s a lot of headwinds for those businesses in general, and it’s tough.
SPEAKER 08 :
yeah and they lost their best employee remember when trump was handing out uh yeah at the driver he’s got things to do right now he’s too busy to do that he had to give up his side job eli lily’s the disappointment for me of the day even though their sales were up 45 percent now Lilly’s sales are double what McDonald’s are. McDonald’s, $6 billion, making you fat. And Lilly’s, $12 billion, giving you the Z-Bound to take the weight off that you gain from McDonald’s. Okay, so they’re kind of hand-in-hand. Lilly down 6.4% today. I can’t believe that Lilly had a soft sales report today. They lowered their earnings outlook. They have stiff competition from Novo Nordisk. And I saw that Novo Nordisk signed a deal with CVS. You’ll be able to get Wagovi at CVS. That’s big competition there. Oh, wow. The only thing that worries me about Novo Nordisk, which we now own in the relative value fund, I mean, it’s got such a cheap PE. I just wonder if they’re going to have tariffs slapped on them because it is a Netherlands company. And he did say, Trump said, that tariffs are coming on drugs.
SPEAKER 09 :
On pharmaceuticals, yeah. And I did see where Novo Nordisk announced. I want to say it was maybe last week that they announced they were going to be actually manufacturing some in the U.S. They were adding some investment.
SPEAKER 08 :
Well, okay. Get around that tariff. So anyways, a disappointing report from Lilly. Okay, when we come back, we’ve got a few others here to talk about. Robinhood, CVS, MasterCard, and Helmet. Helmet’s a great little aerospace stock. We’ll be right back.
SPEAKER 06 :
You gotta go where you wanna go, do what you wanna do with it, do whatever you wanna do. You gotta go where you wanna go, do what you wanna do with it, do whatever you wanna do with it.
SPEAKER 08 :
And welcome back to the final segment of today’s Best Docs Now show. Cleveland, May 20th and May 21st. Tuesday and Wednesday. We will be there. Two days of appointments with the folks. Whoever would like to meet with us, the team, while we’re there during the day from 7 a.m. till 7 p.m. It’s a grind. Book a spot. It’ll be several months before we get back to Cleveland in person. And that workshop, that’s a rare opportunity on a Tuesday night. I don’t know what could be better going on there in Cleveland on a Tuesday night.
SPEAKER 09 :
I haven’t seen you do one of those in person in a while. I know you’ve done them via Zoom for a handful of investment groups and things. But, yeah, I’m looking forward to the workshop as well.
SPEAKER 08 :
I could do it with one hand tied behind my back and blindfolded. I’ve done so many. I really like getting in front of a crowd and audience and teaching. Okay, now, 855-611-BEST, 855-611-BEST. to reserve a spot to the workshop or to book in a very desirable slot, reservation and appointment with us while we’re there. Talk to Edie, 855-611-BEST. Okay, now another earnings report coming in. Qualcomm, which I pulled the plug on a long time ago, They have just lost their mojo. That stock is down 8.6%. The pride of San Diego, $150 billion market cap. They pretty much were the integral piece in wireless phone technology with their CDMA technology. They’ve got their Snapdragon chips, etc., But they just have not had any growth for a long, long time. So Qualcomm coming up short.
SPEAKER 09 :
Yeah, they obviously had that 5G tail. Remember we wrote about them years ago in terms of they had that 5G tailwind. And then, remember, I think it was kind of part of their growth kind of going away was around, I think, when Apple used to use them for some of their chips. And then, remember, Apple started making some of those chips in-house. I think that kind of hurt them a bit. So, yeah, they’re a player, but they’ve got some work to do in terms of innovation, I think.
SPEAKER 08 :
Yep. Okay, CVS is exiting Obamacare. There’s problems with Obamacare. It needs to be fixed. It needs to be revised. You’ve got big issues at UnitedHealthcare, CVS. A lot of them are getting out of. And it’s costly.
SPEAKER 09 :
I mean, it’s costly for whoever. I mean, it’s costly for the patient. It’s costly for the insurance company. It’s probably costly for the provider, I would imagine.
SPEAKER 08 :
It needs to be reworked. Maybe RFK can help with that. And they also signed a pact.
SPEAKER 09 :
I bet Doge could. I bet Doge could help with that.
SPEAKER 08 :
Doge could go in there and clean that thing up. And they’re going to offer Wagovi at CVS. You can drive through. Drive through Wagovi. You can drive through. We’ve got a CVS right by a McDonald’s. You can drive through and get a Big Mac combo meal for like $12, $13, you know, with the extra large fries. And then you can, on the way home, you stop, go through the drive-thru at CVS and pick up your Wagovi and take your shot for the week. Robinhood signals 50% revenue growth in Q1 2025. We own Robinhood in our ultra growth portfolio. Robinhood is actually down 2%. I thought it was a blowout report myself. Their sales were up 50% and their earnings were up 106%. But that wasn’t enough. The stock’s down 2%. It wasn’t enough. We wanted 80%. We only got 50%. But I still think that Robinhood, I mean, it’s kind of the app of choice. If you’re a mobile trader, I don’t know how you do trades on a mobile phone. It’s hard enough on a PC.
SPEAKER 09 :
You do it one by one.
SPEAKER 08 :
You know, I got short, stubby fingers, which doesn’t make me a very good soloist on guitar. And it also makes you dangerous of hitting the wrong fat finger mistakes. People will get text messages from me, go, what was that? What is like an apostrophe and an asterisk? Norwegians have very short fingers. And so I would be worried about trading on Robin Hood’s. Oh, man, I just can’t imagine getting the symbol right. What if it says four in stock with five letters? And then you put in a limit order. Oh, oh, on that small screen. But you know what? I think we’re evolving. I think kids nowadays are being born with longer, more nimble fingers. I see these kids typing on their cell phone. It’s just crazy how fast they can.
SPEAKER 09 :
Yeah, the wild thing is they can type fast on the cell phone, put them in front of a keyboard. still hunting peck yeah still you know i mean probably the one thing i think i talked about this a while ago the one thing i learned most important people ask me what did you learn in middle school that was the most important thing right and it was typing my oh 100 you literally learned it you literally learned it on a you know typewriter then and uh Miss Oates, God bless her, she worked that thing into me. It’s the one thing I still know how to do today, and my kids are amazed. They’re like, how do you do that? I’m like, you need a class.
SPEAKER 08 :
I’m 70 words a minute with about 10 errors, but that’s okay. With spell check and grammar and editor, it sure makes life a lot easier. for a guy who has always struggled in that area. MasterCard reports earnings. Let’s see, we’ve got one minute left. MasterCard is flat. And then the last one is one we own in our dividend account, HowMet Aerospace. That’s the chart of the day right there. That’s a beautiful chart. It’s up 7.4% in the dividend portfolio. It pays a dividend of a quarter of a percent, but it’s hitting a new all-time high today. Very good company in the aerospace industry out of Pittsburgh, New York. Pittsburgh, New York. I didn’t know there was a Pittsburgh in New York. But the Pittsburgh Pirates do not play there. Anyways, how met the story of the day? Okay, we’re out of time to book an appointment with us. Get out of those soggy stocks. Get out of the asset allocations based on your age only. It’s ridiculous. Give us a call at 855-611-BEST. 855-611-BEST. Get away from the doomsayers. They were wrong again. I’m not an eternal optimist, but I saw the light at the end of the tunnel several weeks ago when we were having those thousand-point down days. Give us a call at 855-611-BESSER. Get four free weeks of the whole enchilada trial at 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.
