Welcome to today’s episode of the Best Stocks Now show, where we analyze the day in markets while Bill Gundersen takes a quick break. Our host today, Barry Kite, offers a deep dive into economic trends on this midweek market lull. Explore notable movements in the Nasdaq, S&P 500, and Dow Jones amid a relative path of stabilization. We’ll also discuss how diverse factors like U.S.-China relations and nuclear energy stocks contribute to this relative stillness.
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 Wednesday, June 4th edition of the Best Docs Now show. I am Barry Kite, planner and analyst here at Gunderson Capital Management, sitting in for Bill today as he’s taking an early flight back from the West Coast to land here so he can get some work done in today. But from a market perspective, we’ve got a bit of a quiet day in terms of market movement. We’ve got the Nasdaqs down seven points. That’s barely 0.03%. And we’ve got the S&P 500 up 1.5%. That would be 0.026%. We’ve got the Dow Jones up nine points today at 42,529. That’s barely moving. We’ve got crude oil up 0.4%. That’s 27 cents a barrel. Gold barely moving up $5 at 0.15% in the green. And then Bitcoin also down 1%, which is basically a non-move for that as well. And if we can get some, let’s see, we’ll get the treasury, see if we get some movement. Not much down seven basis points to the good, 4.4% on the 10-year treasury. So And good morning and welcome to the Wednesday, June 4th edition of the Best Stocks Now show. I’m your host, Barry Kite, planner and analyst here at Gundersen Capital Management, sitting in for Bill today. And it looks like Bill picked a good time to do some traveling. Pretty quiet out there, Jeff. What’s your take?
SPEAKER 03 :
Yeah, yeah. It seems like everything is kind of like a midweek lull here to see… You know, kind of a rest from the earnings season that’s winding down, and we’ll see what happens.
SPEAKER 02 :
Yeah, it feels like it’s funny. There’s a lot of news, a lot of cross-currents, and, you know, basically it seems like it’s all netting out to close to zero, at least for today. So, you know, it’s kind of when you look at the – I was looking at the stories – Putting the show together this morning, it looked kind of almost like a Wheel of Fortune kind of day. Just spin the wheel and we’ll, you know, whatever topic we land on, whether it’s economics, trade, earnings, even had some… some some ceo uh pay news in the in the in the mix so uh just uh good news is in this business if you don’t if you don’t like one day just wait uh wait another because it could be uh you know likely going to be completely different so i mean we’ve got what u.s we get u.s china relations We’ve got, of course, Ukraine and Russian relations. We’ve got Elon Musk and President Trump relations in the news. We’ve got some economic data in the form of some employment figures. We’ve got some PMI manufacturing and service information from around the globe. We’ve got a few earnings to cover, and I know Jeff’s got some work on that. We’ll hit… in the second part of the show and so you know today we’ve got a little bit of a smorgasbord of everything out there so before we get kind of too far ahead of ourselves you know yesterday ended with you know gains across the major all the major indices I think we were kind of market kind of started out slow today but finished well primarily fueled by the move you know really AI An increased demand for power kind of drove the narrative yesterday with Meta and that Constellation Energy deal, which is interesting as diving a bit deeper into that. It’s really the first deal of its kind involving a, quote-unquote, producing nuclear power plant. Microsoft, as we mentioned yesterday, too, of course, had to deal with. constellation, the kind of restarting reactor at Three Mile Island, of course, that one isn’t currently producing power. So, you know, just be interesting to see how, you know, obviously power is highly regulated industry, very, you know, price sensitive, particularly when you come to uh, individual customers, not commercial customers. So it’ll be interesting to see how, um, you know, what comes online, how much of that power, new power ends up, right. Uh, say powering AI versus, uh, you know, powering our, uh, AC, uh, air conditions down here in the South.
SPEAKER 03 :
So, um, interesting Barry, those, uh, all those nuclear energy stocks started off really strong yesterday morning with, uh, you know, kind of riding that momentum of the, uh, constellation energy meta deal. And then, you know, I was noticing some of the ones that are favorite talk low and any SMR, a new scale, they all kind of tailed off towards the, uh, the end of the day. Um, not exactly certain what happened there, but, um, I’m like, okay, I thought it was going to be a pretty strong overall day for those guys, but they all ended up falling off a bit.
SPEAKER 02 :
Yeah, it’s kind of interesting to me in terms of we used to think, especially if you go back to some of your old finance books or just probably even in a Series 7 reading, going through some of that stuff. You know, utilities in the past have always been kind of the sleepy, you know, safe companies, defensive companies to own, right? You’re literally, you know, a lot of times we’re just clipping a dividend versus, you know, much capital appreciation. And, you know, you kind of flip that. uh over the last you know say three or two to three years and it’s just been amazing in terms of you know i think some of that in embedded volatility particularly in the nuclear names because they are going to be more uh longer duration right so anything you know kind of a background anything longer duration is obviously going to have more risk because those earning streams are coming further and further and you know into the future and so interest rates play a big part of uh of that equation. So they have more risk, usually a higher P.E., but I think it’s something that’s been adopted by traders. It seemed one of those things in any of those assets or asset classes, sectors that have a good bit of volatility in them. Of course, traders will kind of flock to that because you want you know, something with some activity. And, yeah, I don’t know if it’s some of those intraday gains, right, some of those short-term traders, you know, kind of bailed out and took some profits and, you know, went home and took the family out to eat or what. Overall.
SPEAKER 03 :
Well, any investor in that, you know, when you look at the Oculus, the Internees, and the SMRs, it’s almost like you’re a venture capitalist because, again, they don’t have, products and revenues that they’re actively shipping for the most part. And so you’re kind of betting on where things are going to be with those guys, you know, three to five years out.
SPEAKER 02 :
Yeah, I equate some of it and throw the quantum computing in the mix, too. It’s kind of like the new biotechs, right? Those, you know, to me, those certainly the SMRs and the OCLOs, you know, the kind of portable or smaller reactors and, you know, throw in some quantum computing. Those are kind of that new biotech realm where, you know, either they’re going to nail it or fall by the wayside, right? So a lot of execution risk there. And, you know, the market yesterday finished pretty strong. I mean, you had the S&P was up 0.6%, pushing towards 6,000. We’ll see. 5,900 has been a bit of a – that range has been a bit of a hard for it to punch through, but we’ll see. I mean, we’re sitting at 5,978 at the moment, so about 22 points away from that kind of good round number of 6,000. We had the NASDAQ ended yesterday up 0.8%, and then we had Dow up 0.5%. Most of that driven, like we said, by the news with Meta and Constellation Energy deal. And then also we had a good jolts number, job openings number. Of course, we’ll get into what the ADP report looked like today. But as of looking back at yesterday, of course, we keep hearing economists are waiting for the data to soften up, right, or for the data to begin showing some kind of downturn. And, of course, yesterday, Job openings actually, you know, surprise to the upside, grew 7.39 million versus I think it was 7.1 was kind of that consensus number. So it’s good. I mean, in terms of, you know, wages remained pretty strong. I think I saw where wage growth for folks at jobs was in that, you know, above the 4% range. So you’re getting some, quote-unquote, real wage growth still, right, in terms of where inflation is, or at least where they say inflation is. Maybe not our own personal inflation rates, but if you’ve been eating eggs all the time for the last three months, your inflation rate might be higher than some of the other categories there. I know.
SPEAKER 03 :
My favorite breakfast spot, Waffle House, is still charging me – a 50-cent parade premium, you know, to have the hash brown scramble out there.
SPEAKER 02 :
Well, can’t get away from them nickel and dime. The prices, they go up, they rarely go down. So we’re just getting started here on the first part of today’s Best Docs Now show. We’ll be right back and look forward to what’s going on today. Good morning and welcome back to the Wednesday, June 4th edition of the Best Docs Now show. I am Barry Kite, planer analyst here at Gunderson Capital, taking the wheel for Bill today as he’s traveling back from the West Coast. And we also have Jeff Webster, as usual, helping me along. Jeff’s the advisor here at Gunderson Capital Management and If you ever want to give Edie a call, and certainly you’ll end up chatting with one of us. Always happy to help any way we can. You can always reach her at 1-855-611-BEST. It’s 855-611-BEST, or you can always reach us through the website at GundersenCapital.com. But it looks like the markets have kind of gotten their wings to the upside a bit with at least a little bit more movement than when we started the show. Jeff is pretty stagnant, but we’ve got the Dow up. 37 points, just up about 0.1%. S&P is up almost 10 points today. NASDAQ is leading the way up 0.18%. We’ve got gold bouncing back a little bit from yesterday. We’ve got that 3,365. In terms of the market, a little quiet, but we’ll take the green on the screen for sure. As Bill mentioned yesterday a lot in the live trading notes, You know, really anything affiliated with data centers, you know, led the markets, whether it was semiconductors, AI infrastructure, energy. And, of course, one note is NVIDIA took back the most valuable company tag. I haven’t looked and see if it still has it at the moment. But, you know, yesterday… NVIDIA ended with a market cap of $3.446 trillion. And Microsoft ended the day at worth just $3.441 trillion. So I can’t move my decimal place that much, but, you know, .005 of a trillion. Jeff, I’m guessing maybe that’s $5 billion. I don’t know. We’ll have to look it up. But who knows? Depending on it’s a neck and neck race right now at the moment between Microsoft and NVIDIA. And, you know, NVIDIA is kind of a newcomer to this whole group. Obviously, you had what Microsoft and. Apple, and then you had LVMH, which is the Louis Vuitton brand and a number of other brands. Over in Europe, that were kind of the three largest. You had Aramco one time, too, I think before they did some kind of split or what have you. But, you know, pretty interesting in terms of just, you know, when you look at these numbers, I guess what, NVIDIA took over Apple in November of 2024. Then the first time I think it topped both of them was in June 2024 where it topped both Microsoft and Apple. So, yeah. We’ve got a quick number here. The shares are up 1,500% over the last five years, Joe. So not a bad five-year holding period there on that one. Last 12 months, up just a measly 22% over the last 12 months. Yeah. Yeah, right. I will say it is kind of interesting. Now that we’re wrapped up, pretty much wrapped up the first quarter of earnings season mostly, really coming across one of the best examples, as Bill always says, NVIDIA, number one, being one of the best examples of all time that stock prices follow earnings. specifically earnings expectations right and um you know kind of as we kind of wind down this earning season and kind of see where where things land and of course you know bill’s tracking that in the newsletter every week in terms of s&p earnings and earnings growth expectations but um you know no surprise really that a lot of the earnings are coming from the the magnificent seven so As a reminder, still listed as the seven. You could probably take one out and maybe add another one here and there if you’d like. It’s Tesla, Apple, NVIDIA, Meta, Microsoft, Amazon, and Alphabet, a.k.a. Google. And through Q1, year-over-year earnings growth compared to the other 493 out there, they had year-over-year earnings growth of 27.7% from the Magnificent Seven. which was three times higher than the combined growth of the other 493. So I think the other 493, if you average them together, was about a 9.4% earnings growth rate. And then of these seven companies, they had a 27.7%. uh, average growth rates. So, uh, just interestingly enough, obviously those are the ones that have been, you know, driving the market over, uh, you know, over the, the, the longterm. Um, but when you, you know, you can look at, see how, uh, you know, tough markets have had it, you know, say this year, you know, just in terms of whether it’s volatility or just where they started and where they ended, um, Tesla’s actually down 12%, I think year to date, Apple is down over 18% year-to-date. Other laggards, Google down 11% year-to-date. Amazon down 5%. Um, the ones in the positive are going to be meta, which is just, you know, had a great year, uh, almost 15%. Microsoft’s up almost 10% on the year. And then Nvidia with the up and down, uh, you know, tariffs and, uh, and, and, and, you know, export restrictions to China up five and a half percent. So, um, you know, been a, uh, been an interesting, when you look at the, you know, magnificent seven, I haven’t looked at them all together in a while since, uh, what since the the craze of a year and a half or so ago some of the lusters came off of it but still a uh still a huge driver those seven companies in terms of you know driving future earnings growth for uh for the s&p 500 so pretty amazing when you look at those numbers
SPEAKER 03 :
I think Bill’s feedback was, in California, he was looking at all the vehicles that are out there driving around, and he said that a good percentage of those are electric vehicles powered by Tesla.
SPEAKER 02 :
Yeah, no matter what the headlines say, what folks in various sides of the aisle think of Elon.
SPEAKER 03 :
I was listening to the Joe Rogan podcast. He had Aaron Rogers, you know, the, uh, the great quarterback on there with them saying that, you know, a lot of those people, um, they, you know, they’re, they’re not in favor of what Elon’s doing and stuff like that, but they, so they’re taking the badges off of their Teslas because they don’t want, uh, some crazy folks to come and set their vehicle on fire. But, uh, I thought that was kind of funny. It’s like, yeah, I like the product.
SPEAKER 02 :
But product-wise, it’s still kind of the best in class, at least most of all in that space, and was certainly an early entrant into the space as well.
SPEAKER 03 :
Yep, yep. And we, of course, here in Charleston, we see a lot of those Tesla – missile trucks driving around.
SPEAKER 02 :
I’m surprised at the number of cyber trucks I see here and in all different various color patterns. I’ve seen a few different ones here that I haven’t seen anywhere else. I’m sure Elon appreciates that. We’ll get into a few more of those stories and we’ll highlight some earnings coming up here on the second half of the Best Docs Now show. We’ll be right back.
SPEAKER 01 :
This is Bill Gunderson. Thank you for tuning in to today’s Best Stocks Now, Best Inverse Funds Now show. I put several hours of research in during the wee hours of the morning each day to bring you the very best cutting-edge stories that I can. To get two free weeks of my newsletter, go to GundersonCapital.com. To talk to us about our fee-based only money management services… Call us at 855-611-BEST. Now, back to the second half of the show.
SPEAKER 08 :
We’ve got to get together sooner or later.
SPEAKER 02 :
Hello and welcome back to the second half of the Wednesday, June 4th edition of the Best Docs Now show. I’m Barry Kite, Planner Analyst here at Gundersen Capital, serving as Relief Captain for Bill this morning. I also have Jeff Webster joining me on the show today. Jeff, as you all know, is an advisor here at Gundersen Capital Management. Of course, if you want to stay up to date with our thoughts, Bill’s thoughts on the market, you can get Bill’s newsletter at GundersenCapital.com or If you’d like to have a discussion with Jeff or myself about your portfolio allocation, any planning issues you may have out there, feel free to give us a call, 855-611-BEST. That’s 855-611-2378. Always here to be a resource and help any way we can. Looks like, you know, market-wise, looks like the market’s helping out a little bit here. We’ve got NASDAQ, all the major indices up over 0.2% at the moment. So we’ve got a little momentum out there. But, you know, as we kind of… Look at the market on a daily basis. We’ve got a number of balls in the air when it comes to market moving news. Sometimes it feels like there’s more balls out there, and some are more important than others, certainly. But, of course, none of them are really bigger than really the U.S.-China trade, ongoing negotiations or trade. at least i hope negotiations maybe uh you know jeff maybe it’s ongoing ongoing disagreements would be a better way to phrase uh uh describe the the current state of uh you know kind of the u.s uh china uh back and forth but uh looks like uh you know this kind of i remember the words i think some of the chinese used uh you know what maybe a month or two ago and talk talk talk in terms of using rhetoric in a respectful manner or something. Do you remember when that was kind of part of what China wanted? And maybe this is it. I mean, I think at 2 a.m., around 2 a.m., President Trump put out a truth social meeting or message, and it said, this is a quote, I like President Xi of China, always have and always will, But he is very tough, and this last part’s all in caps, very tough and extremely hard to make a deal with.
SPEAKER 03 :
I think I saw a Chinese press release with the same verbiage about President Trump. They just switched it out? Yeah, two tough business guys that, you know, they like each other, but they both push a hard bargain, right? But I don’t know. I like I’ll put my chip on on Trump, I think, on this one.
SPEAKER 02 :
Yeah. When I look at it. Yeah, when I look at it, you know, I think, you know, the good news is, right, when I read the message, right, it kind of, I don’t know, it seemed kind of in the back of my head that part about, you know, respectful message, whatever, right? And this, you know, I think this is, you know, I think this is really more of a respectful message than anything else. And it looks like, you know, you’ve gotten some senior White House officials have kind of on Monday were talking about that they expect, say, Trump and Xi to talk this week. So we’ll see where that goes. But of course, the bottom line, as we’ve said, it really comes down to for the Chinese, access to semiconductors. And for the U.S., it’s kind of coming around to really access to some of the rare earth minerals. Um, of course, uh, you know, I guess what we started yesterday signed in the, uh, um, you know, the, the, the tariffs of 50% increase on, uh, increased tariffs on steel and aluminum. And of course, on the other side of that, that, uh, you know, we’ve been, been hearing that, uh, for whatever reason or however, you know, whether it’s intentional or just, uh, how long it takes them to go through their approval process, um, Those rare earths are trickling, if anything, out of China at the moment. Don’t forget, I think they hold roughly 70% to 75% of the total rare earth minerals, quote-unquote rare earth minerals. But the real key to me is 90% of the world’s refining of these minerals are done in China. are done actually done in china so um it’s not only not only mining the stuff it’s also refining it and uh you know they’ve cornered the market on it and really kind of kind of closed that market cornered it and i believe they kind of started around the mid 90s but um so that’s where we are yeah i was going to say you think about you think about what’s going on with china so
SPEAKER 03 :
As it relates to earnings announcements, you look at the dollar companies, Dollar General and Dollar Tree. Both posted good results. However, they’re getting hurt in the markets because their outlooks were not good, because they’re concerned about how the tariffs are going to impact their ability to import the goods that they have on their shelves. And so, you know, again, that’s another implication of, you know, how we’re interacting with the folks and companies in China. It’s impacting, you know, kind of bread and butter companies here in the U.S. as it relates to, you know, their outlooks.
SPEAKER 02 :
Well, right, and that’s what I think we talked about on Monday, some of the interesting earnings reports. And, yeah, it was the dollar, what, dollar general and what, dollar tree. I think dollar tree came out this morning. This morning, yeah. And I think theirs is a little, I think theirs is a bigger miss maybe on one side.
SPEAKER 03 :
Well, they had a surprise. They said it was a little bit of a surprise, but I think, again, they’re getting hurt on Outlook from what I’m seeing. Yeah.
SPEAKER 02 :
And one of the benefits of trade, right, and not just trade with China, but just when you look at it from an economics perspective over the years, kind of from an educational perspective, I mean, you know, trade is, you know, you always weigh the benefits to trade, right? And there was, you know, the thing is, as consumers, we have been able to, You know, one of the benefits of trade, particularly with China, is we’ve imported, you know, deflation, if you will, right? In terms of, you know, that plastic table that you might have, you know, grown up with that was out on the patio, right? Now, what it would have cost, you know, years ago, nowadays, right? You can go pick up a patio, you know, patio set for, you know. Fifty bucks sometimes, a plastic, right? So the point being is you’ve imported a bunch of deflation. Like I said, I happened to be in a dollar tree. I think it was a dollar tree. Um, you know, a few, a couple of weeks ago and, you know, I was amazed, right. At, you know, kind of the prices of stuff, you know, inside the, uh, inside the place. Right. Um, you know, and so then I’m thinking, okay, you know, those prices would, you know, certainly significantly, um, you know, change potentially if, you know, some of this doesn’t get worked out. So I was interested in seeing, you know, some of their, of course, you know, the CrowdStrike, you know, CrowdStrike’s going to get a lot more headlines. Yeah. And a lot more activity, obviously a name we own. um at the firm but uh you know i was really interested particularly on the dollar tree side because like i said that’s the one place i went into and it’s been a while since i’ve been inside one of those things but there is i mean everything you want didn’t matter what aisle it was we were grabbing you know grab some uh you know graduation balloons right we’re you know some streamers i mean if i would have bought what we bought at party city right we would have you know it
SPEAKER 03 :
As it relates to CrowdStrike, Barry, let’s take a minute and talk about that. I mean, again, they posted a beat. However, they’re getting hurt by Outlook. And everyone’s stating that they’re now beginning to maybe pay the price for what happened almost a year ago with the big outage that impacted all the airlines and things like that. But what’s ironic is more than 20 analysts out there, Barry, have actually… Increased their price target? Right. Their price target. Now, I would value your perspective as our CFA here. Some of them… Upgraded the price target, however, or moved it up, but they downgraded their rating. It seems a little contrarian there. Help us understand why they would increase their target price, but they downgraded it from a ratings perspective. Yeah.
SPEAKER 02 :
Yeah, I’m saying it makes me think that, you know, one of them, you know, they rounded up and the other one rounded down, right? You know, maybe they’re right in the middle. I don’t know. But, yeah, so the key, you know, kind of the key here is, you know, to me it’s the earnings game, right? We mentioned it yesterday on the show with, you know, Bill was like, who knows what, you know, how the market’s going to react, right, to CrowdStrike’s earnings. And the reason being is, I mean, you look at it, okay, beat on the top line and then on earnings, right? They beat by 11 cents. They were supposed to get 66 cents a share. They got 73. But their revenue, they missed by $0.01 billion, which now equates into whatever drop we have in the stock today. And a lot of that’s on that forward guidance, as you mentioned, Jeff. We’ll finish up some CrowdStrike comments when we get back, and we’ll look at some more under the hood and see what’s going on.
SPEAKER 09 :
You got to go where you want to go, do what you want to do with it, do whatever you want to do.
SPEAKER 02 :
And welcome back to the June 4th edition of the Best Docs Now show. I am Barry Kite, planer analyst here at Gunderson Capital, finishing up things for Bill today. And we’ve got Jeff Webster on the show, advisor here at the firm. And it looks like we’re going to get out of here with a bit of a, you know, gave back a little bit of the gains, but we’re still in the green. Pretty much all the major industries are up there. slightly up 0.1%, but all are in the green, so we’ll take that. Talk about, get back to the earnings game for a minute. It’s such a crapshoot in terms of what the market wants. The market at certain times is certainly a fashion show, and I had a finance professor years ago that made the point that stock prices are driven by supply and demand. And so some days in the market, especially when you’ve got a… He also said it’s a zero-sum game. For every winner, there’s a loser, which I was trying to figure out that meaning. On one side of the trade, you may have a loser. When someone’s doing good, someone’s doing bad. But I still haven’t pieced that one fully together yet, but that was years ago. I’m still working through that one. But, you know, the other piece in terms of, you know, supply and demand, I mean, you look at CrowdStrike, I look at their numbers, right? You know, they beat, what, 11 cents, you know, more than expected. They were expected .66, and they came in 11 cents higher. So what is that a beat of? 17%. Yeah, yeah. And then, of course, on the other end, right, the revenue numbers. So, you know, ideally you want to be on top and bottom line. They missed the bottom line. And they missed it, like I said, by they were supposed to get, I think it came in at $1.1 billion, which, by the way, is a 20% year-over-year increase from last year. but it came short of the $1.11 billion estimate. So I’m like, okay, $0.01 billion. And then obviously there was some revenue, the revenue range going forward, but it wasn’t that far off. And then you looked at the stock, it was down 7%, 8% in the pre-market today, right? And of course now… I think it’s kind of buoyed itself a little bit, but down 4.4%. But it just goes to show you sometimes how some of these companies can never be good enough. But I’ve continued to hear stuff on the software end. Obviously, the software end in terms of AI is the one that’s kind of most under potentially change of getting disrupted. particularly writing code. And so, you know, that’s, you know, some of that, I think some of that, discounting some of those names has to do with some of that execution risk that may not be here now, but it may be here, you know, two years from now.
SPEAKER 03 :
A couple of other mentions on the tech side, Guidewire, which makes a vertical software-as-a-service SaaS product for property casualty insurance companies. They’ve put out some good earnings. They’re up today. I mean, they spent most of May, from a stock perspective, kind of testing their resistance level, and it has broken out. It’s up almost 20% today. In the financial space, health equity, which a lot of companies use them to manage their – Flexible Spending and High Yield Saving, or what do you call the HSA accounts?
SPEAKER 02 :
Oh, yeah, your HSAs.
SPEAKER 03 :
Yeah, HSAs and then the Flexible Spending. Yep, they came out with some good results as well. They’re up 9.4% today. And then who doesn’t like a fire engine? This is a company that I wasn’t real familiar with, but Rev Group. which makes a variety of fire engines, but they also have a line of recreational vehicles for folks that get out there. I mean, Fleetwood, American Coach, Lance. they put together a great earnings report as well.
SPEAKER 02 :
And, gosh, Gary, they’re up over 16%. Wow, yeah. When you said the fire engines, I was thinking, got me thinking, talk about, you know, in kind of the we’ll weave on, Uncertainty, right? I think uncertainty in the market, and we had some Fed speakers yesterday speaking of the key word was uncertainty. And I think if I asked you, Jeff, what the kind of word of the year has been from a market standpoint, and you can’t say tariff, then uncertainty right would be would be pretty far up there but um i had there’s a company i can’t remember the symbol but they were in a uh in time this was it was kind of an analyst uh um test if you will and it was it had to do was a uh ambulance helicopter company right so company um you know they do life flights things of that nature yeah it’s probably amr Yeah, well, when it was publicly traded, well, it literally had one of the widest array of earnings numbers. And it was simply because it was so unpredictable in terms of trying to determine how many, say, vehicle accidents there were going to be. Obviously, they have to be ones that are going to be worse enough to include, you know, potentially need a life flight. And, you know, when you did all the math, right, to determine what an earnings estimate would be, right, I mean, they were, you know, the range was, you know, hugely wide, right? And so the company always traded at a lower multiple simply because it was almost impossible to determine how their earnings path was going to be from year to year or from quarter to quarter. Right.
SPEAKER 03 :
Some of these… Well, what’s crazy, those ambulance rides, I mean, what’s really ironic is this morning, just before the show, I paid two ambulance bills for my elderly father. They’re in Denver, Colorado, and both of those bills were close to $2,000 to transport him five miles from his living facility to… you know, to the hospital, he fortunately was fine. Um, and it was, it’s just ironic that, that you mentioned that because I like, well,
SPEAKER 02 :
Well, 90 minutes ago, I was paying two bills. Well, and then work reimbursements. Yeah, work reimbursements to those life flights into the mix, right? And then you get a whole different array of uncertainty. So it’s, you know, I think, you know, in the markets and what we’ve seen kind of this year, certainly, you know, kind of has been uncertainty. And I think, you know, as time goes, usually with markets, right, as time goes by, I think we’re going to get, you know, continue to get a bit of uncertainty. More and more certainty as we go along. Hopefully, I think that’s what we’re all shooting for. To stay up to date with our thoughts on the markets, get Bill’s newsletter, Live Trading Trial at GundersenCapital.com. Or if you’d like to have a discussion with Jeff or myself about your portfolio allocation, give us a call, 855-611-BEST. 855-611-2378. Ask for Edie and we’ll be happy to chat. Hope you have a great day, everyone. Bye now.
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This show is not a solicitation to buy or sell any securities. Bill Gunderson or clients of Gunderson Capital Management may have long or short positions in stocks mentioned during the show. Past performance is not indicative of future performance. Gunderson Capital Management is a fee-based registered investment advisory firm. All accounts are held at Charles Schwab. Schwab is a member of SIPC and FINRA.
