In today’s engaging session, we address the significant market moves over the past week and unravel the potential impacts of the US credit rating downgrades. Dive deep into discussions about the robust performance of shipping stocks, and discover detailed analyses on tech stock recoveries. Tune in as our hosts provide expert commentary on strategic investment approaches amidst the current financial conditions, introducing a broad spectrum of insights into market dynamics.
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 02 :
Good morning and welcome to the Monday, May 19th edition of the Best Stocks Now show. I am Barry Kite, planner and analyst here at Gundersen Capital Management. Sitting in for Bill today, who’s traveling. He took the early morning flight to Cleveland. And we’ll be packing our bags later this afternoon to get out there. So he’s beating us there. Of course, market-wise, not a ton going on at least. On the tape here, we’ve got the S&P down about 0.4% to start after just a huge week last week that we’ll get to. NASDAQ down 115 points, just above 19,000, down 0.6%. And the Dow basically flat, down 30 points at 42,624. And gold, about the only green on the screen here, up $17 at $3,221. That’s up half a percent. We’ve got Bitcoin down just under 3%, down $3,121 at $103,381. Good morning again and welcome to the Monday, May 19th edition of the Best Docs Now show. I’m Barry Kite, planner and analyst here at Gunderson Capital Management. We’ve got Bill traveling to Cleveland today, getting a jump start on that, and also excited to have Jeff Webster joining me on the show. Good morning, Jeff. Jeff’s an advisor here at the firm. How’s it going? Doing great, Barry.
SPEAKER 03 :
How are you today?
SPEAKER 02 :
Oh, doing well, doing well. Looks like, you know, of course, from last week, pretty huge moves, especially when it’s always nice doing the Monday edition. You’ve got the weekend to kind of crunch some of the numbers. And, of course, the market had a pretty miraculous week last week, I would say, right? Absolutely.
SPEAKER 03 :
And I was wondering what it was going to look like this morning with the – You know, the credit downgrade, things are looking flat. I wouldn’t be surprised if they turn green here soon.
SPEAKER 02 :
Right, it’s… I guess we’ll be the downgrade edition of the Best Stocks Now show today. We’ll certainly get to that. Of course, the Dow market ended on a five-day win streak. All the major indices were up on Friday. You had S&P finished the week up 0.7%. I think the Dow was up 0.8% and the NASDAQ up 0.5%. And when you crunch the numbers for the week, of course, to go back in time, and we’ll talk about some of the trade progress too, but you had Besant meeting with the Chinese group officials in Switzerland last weekend. Of course, and then we had market took off on Monday, and then the technicals or the tech names really took off on Tuesday. And so when you crunch all the numbers, we’ve got what the S&P was up over 5.2% last week, the Dow up 3.4%. Really, the headwind there would have been UnitedHealth. And the NASDAQ was up 7% last week. And so just a huge weekly move. The MAG-7, Magnificent 7, if that still gets followed. I don’t know if it really still exists, Jeff. But at least the MAG-7 was up over 9% last week. So just some sizable, certainly sizable moves there. You had, you know, we even had a big options expiration on Friday, which, you know, interestingly enough, went, you know, basically it was uneventful, which is always a plus from the volatility standpoint. And, you know, the market even shrugged off a kind of a poor consumer sentiment survey on Friday. But just, you know, really a special move in the market since the lows started. But it’s certainly still volatile out there. And I think that’s one thing in terms of talking to clients, in terms of Bill kind of picked out a bottom there, but you’re still tiptoeing back in the market. It’s not like you’re kind of… flashing the all-clear signal, right? I mean, the markets will tend to retest that low, you know, in the next, you know, say within three months of kind of putting one in. So that’s, you know, as we see this market, you know, gain, it’s also, you know, you’re working back in after, you know, what was a brutal, you know, pullback from February 17th or so. But, and then, yeah, and I mean, that’s what, you know, and so then, you know, obviously overshadowing kind of that is, of course, you know, pretty much right at the end of the market on Friday, we had the news of what, you know, Moody’s. essentially downgrading U.S. debt, which is something that’s really been alluded to by them for a while. The country’s credit rating essentially went from AAA to, I guess, AA1 would be their ratings. And so now the United States, I guess, no longer holds a perfect credit rating from any of the three major indices. Isn’t that right, Jeff, from what we were talking about historically where we’ve had those, I guess, just to be in the third downgrade since 2011?
SPEAKER 03 :
Yeah, and you think about, you know, as consumers, when our debt, our credit rating goes up and it’s, you know, it’s a function of, Our income is a function of how much credit we have out there, how much we’re utilizing, what our payment history is. And if you look at why things downgrade from a federal perspective, it usually is related to ballooning federal debt, interest rate going up. you know, persistent budget deficits. And, of course, you know, it’s like we’re at like a $1.8 trillion deficit right now. Yeah, annually. Yeah, and then the one that certainly I think Moody’s has expressed concern over is just the erosion of governance, you know, the U.S. government’s ability to, to manage its fiscal responsibilities because of the various political polarization that’s happening out there as it relates to, you know, the debt ceiling and tariffs and all these different things.
SPEAKER 02 :
Yeah, because you had, you know, S&P, you know, downgraded, you know, basically took the AAA rating from the U.S. in 2011. Fitch, you know, kind of, you know, but wasn’t too long ago where Fitch, you know, did it after the, that was the debt ceiling battle in 23, where it was just, you know, kind of the uncertainty, of course, you know. We figured it out at the end, but it wasn’t pretty, and so they pulled it there. So this is kind of the third time Microsoft necessarily comes as a surprise to the markets. Of course, in 2011, it was a surprise. It didn’t. I think looking back historically, and you might have done some stuff on this, Jeff, already, but in terms of the markets, they kind of shrugged it off each time. Of course, the first one being the most shocking, but in terms of this particular move, it’s something that they’ve essentially seem to have alluded to right over time. We all know that we have a 20, you know, whatever trillion, whatever number the trillion dollar debt is out there. And we know we’re running a $2 trillion deficit every year, or at least almost this year. Of course, interest costs go up. And so all of those considerations and just, you know, politicians having the will, right, to you know, actually cut budgets, right? We saw the pushback that Elon got for Doge, right, in terms of, you know, it’s just cutting things is not really the popular avenue for elected officials, no matter what side of the aisle they’re on, it seems. But, you know, but it’s obviously a very, a big note. Um, I mean, you, you’re basically all over the financial news this morning. Um, you know, you can kind of, you know, tilt it in, in direction you want. I think, um, you know, in terms of, uh, heard Besson speak on it and he was, uh, you know, essentially, um, you know, looks at it as a lagging indicator because, you know, essentially when you think about, uh, you know, Oh eight Oh nine, of course the credit agencies didn’t get that right until after the fact. Um, and so they are, you know, it is a lagging indicator. Um, And so from his perspective, right, I mean, you know, he’s looking at, you know, the Biden years, right, as a big spending period. Of course, you know, even the Trump years going in really a lot due to COVID. It’s a huge budget deficit. So you’ve had continuous, you know, deficits on top of deficits, which as you know from me, you know, compound interest standpoint, right? Compound interest always wins. And that number, you know, continues to get larger. And that, you know, feeds into where we’re at now. And hopefully it’ll give Washington a kick in the pants a bit. But we’re just getting started here this morning. And we’ll take a look at the markets and see what’s going on out there. We’ll be right back. It’s Best Docs Now show.
SPEAKER 1 :
Thank you.
SPEAKER 02 :
And welcome back here to the Monday, May 19th edition of the Best Stocks Now show. I am Barry Kite, planner and analyst here at Gundersen Capital, taking the wheel for Bill today while he makes his way to Cleveland. And we’ve got Jeff Webster joining me on the show. Jeff’s, of course, you guys know, advisor here at the firm at Gundersen Capital Management. But Jeff, how are you doing? It’s looking like we’ve got only green on the screen here. I see right now, Jeff, we’ve got oil up 11 cents to 0.18%. We’ve got gold up 0.7% after a pretty rough day last week, up $24 to $3,227. uh dow basically is dead flat here minus uh six uh six point seven so that’s it that’s point zero one five seven percent that it’s down and we’ve got the uh s&p down about a quarter percent in the nasdaq uh staying right around that uh down 40 basis uh points range so we’ll keep an eye on that as we get through the show um you know hopefully uh Things will be a bit quiet out there. Of course, on the debt side of things, the 30-year was up above 5 a minute ago or a little earlier this morning. It’s at 4.99% now. Of course, that 30-year, you know, that’s a key number for mortgages. I know Bill’s been talking about, you know, mortgage rates on the show and, you know, ideally then coming down, I think, you know, with some of the moodies and some of these downgrades you’re going to get, You know, it really affects the bonds further off, right? So that’s why you’ve seen this move in, you know, I don’t think we’re worried about the U.S. necessarily going bankrupt in five or ten years, right? It would be, you know, those 30-year debt, right, in terms of, you know, things that you would be more worried about and require, you know, the market’s going to require a higher interest rate, right, for bonds. uh, for that potentially. And so those, you know, with the 30 year, that’s what, you know, I kind of worries me in terms of, uh, potentially keeping, you know, keeping mortgage rates there. Cause you know, even in a, in a very popular, uh, area that we’re here in, in, in, you know, Mount Pleasant, Charleston area. I mean, you, you noticed, you know, Jeff little, you know, some less activity in terms of less houses for sale. You’ve also seen houses sit, you know, a little longer, uh, than usual, uh, And so that’s, I guess, my biggest concern, I think, in terms of what I see from a market perspective today. You’re not really seeing much of a move in the equity markets in terms of the downgrade, but it’s really that, you know, keep an eye on that 30-year mortgage rate. Of course, we’ve got the 10-year up at 4.52%. You know, a little bit above four and a half there. So it’s certainly important to look at it. These aren’t issues that you can fix overnight. They’re things that you’ve got to make incremental change over an extended period of time. We’ll see how, you know, what the political will really of the people are to do it at some point in time. It’s either the market’s going to make us do it or, you know, folks will, you know, vote pocketbook in a different way, I guess. One person who is cutting is the Federal Reserve. I don’t know if you saw this, Jeff, where the Federal Reserve is going to cut their workforce by 10%, mainly through attrition. So they’re going to, you know, looking to reduce their headcount by 10%. They’re going to, I think they’re offering some voluntary deferred resignations if you want to, you know, kind of retire as of, I think you can retire as of December 31st, 2027 is what I saw here. So, you know, it’s that there’s things like that where, you know, you’ve got to cut some Some places, we’ve, you know, on the opposite end of that, right, we had Trump’s, you know, tax bill advanced through, you know, through the finance committee, you know, late last night, narrow vote. It was, you know, I think it was 17 to 16 in the budget committee. But it, you know, got through. So it’ll get some more attention. additions and subtractions before I’m sure things get much further down the line but I did see something in there where they were going to in terms of the SALT which is local tax deduction which is kind of a big Certainly a big piece for a lot of folks out there. Good deduction increase from potentially 10K to 30K. I know some representatives were certainly wanting more, but that’s one piece I did see in the bill to maybe help sweeten it up for folks, or at least more palatable from a voting standpoint. On the economic calendar, the good news is it seems like a pretty quiet week on the economic calendar, and we’re kind of winding down earnings season here. So hopefully sometimes when Bill gets on the road, the markets tend to jump around and get a little wild. So hopefully this week will be a bit of a more quiet market. I’m looking at the earnings.
SPEAKER 03 :
Yeah, I’m looking at the earnings calendar right now. Some things that jump out to me this week. You know, closing business today, we have Agilisys, which provides hospitality software. They’re reporting tomorrow. Pre-market, we’ve got… Bill’s My Little Tony reporting, Home Depot will be reporting. We’ve got Palo Alto Networks, Toll Brothers.
SPEAKER 02 :
Workday, I think, is on the list. I know that’s up your alley in the software world.
SPEAKER 03 :
Yeah, Intuit, Deckers, you know, are a good – one that we like at Gundersen Capital. You know, he’s got Arquette, one of the quantum stocks that actually has an application they’re reporting. Snowflake, you know, big data warehouse, data management company reporting on Wednesday’s Zoom. You know, everyone knows Zoom. I don’t think they are what they were three years ago. So it’ll be interesting to see you know, what people are doing now. We’ve got a couple of Spanish banks.
SPEAKER 02 :
Yeah, we’ve got Baidu, actually, China, Xping, which is the XPEV. That’s the old electric vehicle company in China. Zim, the shipping company, they just reported this morning, actually, up 10% right now in terms of market. I’m sure they’ve got some numbers that we’ll get into in terms of some of the shipping numbers since the deal a week ago. From China’s perspective, but I did see all three of the terminals on the Wando side of the river and the port here in Charleston were filled up yesterday as I drove across the bridge. So it makes sense that the numbers… That I looked at this morning makes sense that some of those shipping numbers are through the roof. And Zim, from an earnings standpoint, they went before the bell this morning. It must be a good report, up 11%. Those shipping stocks have been on a tear. since last weekend. Well, we’re getting through the first half of the Best Docs Now show. We’ll come back and get into some specific names, hit some more earnings in terms of what we saw last week and what we’ve got coming up this week. Stick with us. We’ll be right back.
SPEAKER 08 :
This is Bill Gunderson.
SPEAKER 01 :
Thank you for tuning in to today’s Best Stocks Now, Best Inverse Funds Now show. Now, back to the second half of the show.
SPEAKER 02 :
and welcome back here to the second half of the monday may 19th edition of the best docs now show um barry kite planner analyst here at gunderson capital um serving as relief captain for bill this morning while he’s uh traversing his way through the air to Cleveland. So looking forward to getting down there and seeing some folks over the next few days. So Bill’s getting there planting the flag first, and Edie may already be down there as well. But, you know, got Jeff with us here on the show as well. helping us along. And also, of course, if you want to stay up to date with Bill’s thoughts, our thoughts on the markets, feel free to get Bill’s newsletter at gunnersoncapital.com. Or if you want to have a discussion with Jeff or myself, feel free to give Edie a call at 855-611-BEST. That’s 855-611-2313. seven eight we’re here to be a resource and uh you know always uh that’s our that’s uh that’s our primary hat here at the firm right jeff is talking with the folks and uh and helping uh helping helping folks identify and meet their goals there so absolutely best part of the job yeah i mean you know it uh Everyone has a story, and we’re lucky enough to get to hear those and help folks particularly to certainly where we can. And that’s kind of bill on the road. That’s why we want to get out. We’re certainly comfortable with geographic separation in terms of, you know, clientele. I think we’ve got clients in all 50 states. And so, you know, you want to, you know, it’s always nice to get out there and see some folks. Uh, good news is on the economic calendar, I was saying all we pretty much have is a bunch of, uh, must be lecture season on the, uh, the federal reserve because, you know, pretty much if you look, uh, you know, I think we’ve got a couple of minor data points. We’ve got the leading economic indicator that came out of this morning at 10. I haven’t peaked at that number yet, but, uh, We’ll, of course, get the weekly jobless claims. But other than that, you pretty much have a bunch of Fed speak this week, which maybe, I guess, maybe with that U.S. debt downgrade, maybe they’ve all got to rehash their notes for the speeches or Q&A, for Q&A at least, right? So we’ll see how that goes. But it should be fairly quiet.
SPEAKER 03 :
I was going to say, Barry, most of the pundits that I’ve been watching this morning and listening to, you know, they’re kind of reading this credit drop as to some extent as a non-event. Yeah. I mean, we’ll see.
SPEAKER 02 :
Well, they’re the third one. That’s the thing. They’re also the third one to the table, right? We’ve named off two other ones, the only other two. So it’s not like we haven’t seen this before. And I’m with you. It seems like a lot of shoulder shrugs, right? It seems like as you hear some of the pundits talk about it. But, you know, I think that, you know, a lot of this stuff is importance, right? It’s also, you know, the growth end, right? So, you know, one of the reasons why. the U.S. has been able to run, right, these sizable deficits is, you know, is because of the fact that, you know, the underlying business, right, of the U.S. economy. And so, you know, as we certainly, you know, trade deal, you know, all the trade, world trade has a big place big into that in terms of growth and And I think as we kind of progress through the first week of, like I said, of the Besant-led China kind of reduced trade tensions deal, I don’t really want to call it a deal, just at least it seems like we really kind of reduced some tensions there. We’re essentially, what, I think about a third through the 90-day pause with other countries, right, when that was announced roughly 30 days ago. That was the day that the market went up, what, 12%, I think, in one day, at least on the NASDAQ. So as we kind of… You kind of get through these. You want to see some progress. And I think, as Bill has mentioned, the biggest deal is going to be the China-U.S. deal, right, in some form or fashion, if they can get to one, and what that looks like and how that shapes out. Of course, I think the reason that countries trade, you go back to Economics 101, is that it’s beneficial for both in some ways. In some capacity. And so, you know, I think, you know, it’s important, you know, both countries, I think, you know, need some type of deal, right? Because the fact that it is beneficial for both in terms of us and China and investments mentioned, you know, doesn’t want to decouple, really only wants to decouple strategic industries to where you’ve got a more diversified supply chain and To me, that just makes good common sense there. But what we’ve seen is kind of the pain a little bit on each side, whether it’s the consumer sentiment numbers were some of the kind of poorest numbers we’ve had in a while that came out on Friday, right, as we started the show on Friday. A lot of those, you look at the inflation’s expectations, right, jumped to 7.3%. And, of course, that’s just surveys of how people feel, right? That’s not necessarily hard data. And on the other end, in China, you do have some hard data. We’ve got some numbers that came out today where you’ve got somewhere growth industrial output slowed to 6.1%. percent year over year, and that’s from 7.7 percent in March. Their retail sales rose less than expected in China for the month of April. And so, you know, you’re saying we’ve talked about, you know, kind of pain on each side. particularly if you get into some layoffs on the Chinese side. But, you know, so beneficial for both to do some trade. I think we’ve talked about containers, the container ships. Jeff, in terms of them being, you know, there was one… Big one over there yesterday evening filled up. So the terminal here, boots on the ground, was filled up. And it looks like the trade at the spot price rates rose 31% last week in terms of what the cost of a container was. Those rates are still below April of last year. But, I mean, you know, you’ve seen we talked about Zim and some of those other cargo. There’s not too many of them, but those other cargo names really, you know, shooting up the charts and starting to show up on some of the Best Docs Now rankings, too.
SPEAKER 03 :
Yeah, they actually – You know, one of the key metrics that they look at in that business is what’s called 20-foot equivalent units, PEUs. Most of those container units are 40-foot, but they use the 20-foot equivalent unit. And while a lot of these companies are saying, you know, we anticipate demand going down, you know, that the cost for each one of those units to ship is going to be going up, and that’s You know, I think what’s providing, you know, folks that choose to invest in those stocks some optimism that they’re going to continue to do good. You know, they’re going to continue to effectively, you know, manage those freight rates. They’re going to continue to effectively, you know, manage their vessel operating costs, you know, which is their fuel, the crew wages, maintenance, you know, the port fees. all those types of things, and try to continue to be as efficient as they possibly can with their, you know, with their reliability and performance.
SPEAKER 02 :
And it’s a demand, a function of demand, right? It’s, you know, as, you know, when you had this slowdown in shipping, right, so you had, you know, the supply was, you know, outweighing demand and you had, you know, the rates going down and there’s a map of, I know Verizon does some of the tracking. I mean, not Verizon Vision, but with a Z, does some tracking where you can look at all the ships, basically where they’re at around the globe, and they’re I think the seven-day average was up like 277% over the last week. So a big jump there. I would imagine they’re going to be busy at the ports for the next couple of months. They’re trying to get stuff in here, particularly if you’re doing it before a big deadline. You know, some of the other side of that trade, you know, trade, uh, potential, uh, truce there, uh, last week, right. Was, uh, was gold. I mean, you know, gold, uh, you know, had one of its worst weeks. I think it was, you know, um, I want to say it was still up 21% year to date, but I believe it was one of the worst weeks in a while for, uh, for gold. I had the number here. I mean, Oh yeah. One of the worst weekly drops in, in, in almost four years. Uh, so that’s the other side of the equation where, um, as Some tensions ease up. Then the safety trade, the fight to safety, kind of moves back over to the risk side of the equation as well. Well, we’re blazing through three-fourths of the way through the Monday edition of the Best Docs Now show, and we’ll be right back for fourth quarter here.
SPEAKER 1 :
We’ll be right back.
SPEAKER 07 :
Go where you want to go, do what you want to do with it.
SPEAKER 02 :
And welcome back to the final segment of the May 19th edition of the Best Docs Now show. I’m Barry Kite, planer and analyst here at Gunderson Capital, sitting in for Bill today as he’s headed to Cleveland. And we’ve got Jeff Webster here on the show as well, advisor here at the firm, holding down the fort. a bit this week. And so, let’s see, we’ve got, I was hoping we were going to get to some green numbers before we got done with the show. But the only thing that’s really made a bit of a comeback is Bitcoin, only down about 2.25%. And so everything else, except for gold, gold’s up $30 today to $3,234. The Dow is doing the best, I guess, just basically down 0.12% today. Speaking of, talking about the Dow, when we went through the weekly numbers, the Dow certainly didn’t participate nearly as much as the other two. uh, indices last week. And we had, uh, do you see where, uh, United Health, which we’ve got, you know, United Health, uh, uh, headquartered in, uh, in the Minneapolis area. So we’ve got, uh, you know, good number of listeners, uh, you know, in, in Minneapolis. But we had, uh, the new CEO, of course, uh, you know, rough rough week this week for for united health and it’s been a tough uh tough tough six months for them uh made a tough year probably ever since the uh the murder of the ceo uh the co-ceo um but uh they named uh named steven hemsley uh last week well he bought 25 million shares of uh 29 25 million dollars worth of the company company shares last week jeff would you uh If you were in charge, would you want to catch that falling knife?
SPEAKER 03 :
I don’t know. Maybe the board said, hey, we’re going to offer you the job, but here’s what you need to do. You need to buy $25 million worth of shares to demonstrate to the market that you’re all in on this.
SPEAKER 02 :
Yeah, I need to know. I kind of need to know the impetus. And Bill’s mentioned before in terms of insider trades, right? Sometimes they can mean something. Other times they don’t mean anything, especially on the sell side where you’ll have somebody who, say, a big CEO, right, sells some. you know, number of shares in the market. It’s like, oh, you know, CEO sold this many shares. And, you know, next thing you know, they’re paying taxes or buying, you know, some palatial property in, you know, Malibu. And it’s like, oh, well, that makes sense of why they sold the shares. They had some other transactions.
SPEAKER 01 :
Just like all of us.
SPEAKER 02 :
The buying side is important. You’re putting your money where your mouth is. But I need to know where the money came from. It’s like, oh, by the way, we give you a $25 million signing bonus. And then he puts the $25 million on the shares. Then I don’t have as big of, you know, I’m not as excited about that. But bottom line is, you know, hey, he bought, you know, basically average price of around $288. So we’ll see how that works out for him. I didn’t realize, but he did lead the company in. 2016 and 17. So he’s obviously been in the system, knows the stock better than all of us do. The CFO, John Rex, actually, he made a $5 million purchase as well last week, and a few board members made about $1.6 million worth. But I just thought it was interesting to note. Yeah, I mean, we’ll see where they go. So we’ll keep that 288. I’m going to keep that one, write that one down over here and see how they work out. The good news is hopefully they’re in control of their own destiny, right? We’ll see what happens. NVIDIA, how about last week, just a big… Big move there. I haven’t looked at them as closely.
SPEAKER 03 :
The big news is that Jensen Wang is at a trade show in Taiwan and apparently he’s opening up their AI platform to developers. I haven’t had a chance to read the full. I saw some headline that basically stated that he’s opening things up and saying, hey, look, this is a great time to partner with us.
SPEAKER 02 :
And I think he made a quantum investment-wise there. I think they might have bought a quantum company. I saw another little tidbit of information that went by the ticker a little bit earlier this morning. But, yeah, so last week, NVIDIA finally, you know, they’re now turned positive for the year. So they’re the latest member of the Magnificent Seven to move into positive territory, the others being Meta. In Microsoft, Meta for the year up 10%, and Microsoft up I think 7% or so for the year. So NVIDIA back above $3 trillion, at least they were $3.3 trillion as of yesterday, I believe. That stock, you had a really big recovery. Last week was interesting where you had really broad participation. It was just on Monday you had a lot of the laggard kind of names really popped and then of course Tuesday rally continued through to the To the tech side of things, and it’s really been, you know, I mean, last week was really kind of a broad-based move across the board. And, you know, from a kind of risk standpoint, you’ve had a number of firms taken, you know, took the chance of recession. I know Apollo Global, you know, Apollo, who we follow and have owned off and on over the years, they you know, took recession off the table after the, um, you know, pause of, uh, you know, some of the tariffs or at least the, the size of the tariffs with, uh, with China from last weekend. So, And you’ve seen it in a lot of the names that you follow. I mean, the energy names last week, right, the nuclear names.
SPEAKER 04 :
Yep.
SPEAKER 02 :
You know, even some of the quantum names were kind of getting a bit of a boost last week, right, which means, you know, it’s kind of look at some of the quantum names is almost like the new biotechs. Exactly.
SPEAKER 03 :
They report later this week. I mean, they’re up. What are they up today?
SPEAKER 1 :
17%.
SPEAKER 03 :
I’m trying to figure out what’s going on with them. Again, they’re the one quantum that actually has a specific application, their security. So curious what’s going on there. Of course, you look at some of their fundamentals, and it says they have like $20 million of cash. It’s like, that makes me worry a little bit, but I’m not sure what’s going on there.
SPEAKER 02 :
Yeah. And then CoreWeave had a huge day on Friday. That’s CRWV up another 6% here today. That’s kind of what a big… You know, cloud player, software player, and a lot of those names that will show up in the app. But thanks for getting with us. You can always follow us at Gunderson Capital. Give us a ring at 1-855-611-BEST, 855-611-BEST, and we’ll be on the road. We’ll be calling from Cleveland tomorrow. Have a great day, everyone.
SPEAKER 05 :
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.
