Join us as we delve into the intersection of technology and traditional industries. Discover how rare earth materials, critical to technology like NVIDIA chips, are shaping trade dynamics. The show also explores the resurgence of nuclear energy, with significant investments indicating potential growth in the sector. As always, the team provides expert analysis and forecasts, setting the stage for informed decision-making in today’s investment landscape.
He’s been seen on CNBC, the Fox News Channel, and the Fox Business Channel. His articles can be found on MarketWatch, Seeking Alpha, district.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 04 :
And welcome to the Monday, July 16th edition of the Best Stocks Now show. I am Barry Kite, planer and analyst here at Gunderson Capital Management. Filling in for Bill for the moment. We’ll get him on the line here in just a second. But in terms of the market, we’ve got a lot of news out there, but not much movement in the market. We’ve got the Dow up a whopping 44 points. That’s 0.1%. we’ve got the s&p 500 up or down one point that’s just call it flat we don’t need to get into the decimal system there nasdaq down 32 points down 0.2 at the moment and we’ve got crude out crude oil still uh you know it acts like nothing happened over in the middle east we’re down at uh $65, just under $66 a barrel. We’ve got gold up $2 today to $33.27. hardly no movement there in Bitcoin, about the only thing with a bit of movement up to a little over $118,000 today. And I think we’ve got Bill here to join us on the July 16th edition of the Best Docs Now show. Kick it off for us.
SPEAKER 03 :
You know, SRN has a problem with their board, and they need to get it fixed because this is making us look bad with the technical issues we’re having. But I’m here via cell phone. And, man, do we have a lot to talk about today. It’s unbelievable what is going on in the market right now. Anyways, we had a little sell-off day yesterday. Again, a little bit today. I think it’s mostly as the tariffs get settled. I didn’t find anything new to buy yesterday. But the NASDAQ hit a new all-time high yesterday. Let’s not forget that. Okay, that kind of slips through the cracks there. The S&P did not hit a new high, but the NASDAQ did hit a new high. Okay, Barry, I was listening to the other news outlets last night talking about how inflation has returned. And oh my gosh, we’re in trouble. You know what? It was 2.7%. And I’m hearing Wells Fargo say that inflation is creeping back into the picture. Remind the folks what the producer price index, the PPI, came in at today. Did you see that number?
SPEAKER 04 :
Yeah, well, I mean, and don’t forget also you’ve got on the core side. I mean, yesterday the core number, remember, is always the number they keep telling us to look at, right? And, of course, the core number, it came in 0.2% less than expected on a year-over-year basis. Somehow that particular headline gets buried. But from a producer price index, what we had consensus was it was up – the consensus was supposed to be up, what, 0.2% on the month? Exactly. Exactly.
SPEAKER 03 :
So, I mean, to make a big story out of inflation coming back last night was a little bit on the exaggerated side. But, hey, that’s your mainstream media for you. So, anyways, inflation is very cool right now. It ain’t cool. It wasn’t cool when it was 10%. And, of course, that inflation that bit us is still here. Not the inflation, but the results are still here and the high prices that we’re paying are still here. uh groupers 34 a pound up at the fish market in murrell’s inlet right now 34 a pound you know might might be cheaper to catch it yourself on that one yeah they weigh it on a on one of those scales that they weigh gold on you know and uh And stone crab claws, I don’t even want to know what they’re costing here these days. Maybe somebody in Florida knows. Is it stone crab season? By the way, I got several stone crabs in my traps the other day. That’s all they cost me here was a chicken leg. That wasn’t too bad. That’s not a – Chicken leg for some stone crab claws.
SPEAKER 04 :
Not a bad trade, yeah. But, I mean, it’s hard to – and it’s funny with the mainstream media. I mean, you’ve got, like you said, PPI unchanged. It was supposed to be up 0.2%. Yesterday, like I said, everybody kept focusing on one particular number. Oh, it’s 2.7%. Like, okay, well, that’s better than 10% that we had not so long ago. And then the core, which they always focus, hey, what was the core number? And yesterday the core number came in. I think a tenth or .2 below other people’s estimates. And so, you know, it’s just kind of a chuckle as soon as I was, you know, reading below those numbers and all those headlines.
SPEAKER 03 :
Anything negative they can find. And, by the way, they didn’t mention that the NASDAQ hit a new all-time high yesterday at – The lofty number of 200, let’s see, 20,678. I’ve never said that before on this show. I can remember when it was under 2,000 back in the year 20, oh, maybe 2003 or so. So it’s a 10-bagger since then. And they failed to mention that. Okay, we do have a lot of earnings. But you know what? The story for me, there’s two stories. There’s three stories here today. And they’re pretty much the same stories we talk about every day. But NVIDIA is just a huge story. It is a huge, huge story that it has become. And now I go back to the article that I wrote in 2023. Let me look here. Right there, it was NVIDIA was trading at. At that time, there it is. NVIDIA remains the best stock now, but I called it the best stock in the market today. And then I reiterated that call in August of 2023, and I’ve reiterated it twice since then. Since that article I wrote back on August 9, 2023, NVIDIA is up 250%. when I called it the best stock in the market now. The best stock in the market now. That was after that big quarter, Barry. And, of course, during that time, the S&P is up 38.9%. NVIDIA is up 249%. And I see that Needham is upping their price target today to $200 per share. So we were way ahead of them back in 2023. And we’re going to go through NVIDIA’s results and their performance numbers here in a bit, and my current valuation on the stock in a bit, which is still pretty eye-popping. And NVIDIA is now at $4.2 trillion. Where is it headed? That’s the question. Rare earth stocks poised to extend gains following Apple’s MP Materials deal, which was incredible. I mean… You know, Apple had to do some due diligence. Now they probably have a geology department at Apple. We have some retired geologists, by the way, as clients. I’d like to get their take on this. We’ve had several retired geologists as clients. One in Sarasota, a good friend of ours. But Apple had to send somebody over there to Mountain Pass, probably ate in Barstow, had lunch in Barstow at the McDonald’s Barstow station there, and then checked out the mine. You know what the definition used to be of like a mining stock in Canada in British Columbia is a bunch of liars standing around a hole in the ground.
SPEAKER 06 :
That was the old adage.
SPEAKER 03 :
But now you’ve got a totally different, it’s not gold anymore, it’s rare earth. And for Apple to invest half a billion dollars, they must have seen something, some dirt, some statistics, some underground footage, something that had them invest. And, of course, don’t forget the Pentagon also invested in MP Materials. Let’s just check in on MP today. We own it in our emerging growth portfolio, and it’s got the whole world abuzz. And, you know, I’m learning that this whole thing, and how is this tied to NVIDIA? Well, what were we holding out on on our side of the trade deal with China? It was access to the high-speed chips, right? And what was China holding out on their side? It was access to their rare earth minerals. And in between, of course, was our quest for discovery of rare earth here in the U.S. We know Ukraine has it. We know that Indonesia has them to some extent. And the deal that we got for or the deal that China got with NVIDIA was contingent upon us having access to China’s rare earth. So that would just seem that that’s one of the most valuable assets that China holds. And one of our most valuable assets is NVIDIA chips. So there you go. High-speed chips traded for rare earth. That’s how trade works. That’s how world trade works. It benefits each party. We’ll be right back with a lot of blockbuster news today. And welcome back here to the second quarter of today’s Best Stocks Now show. Well, a lot of earnings. I can’t wait to get to Johnson & Johnson’s earnings and Bank of America. Some very exciting growth stocks there, Barry. We’ll get to those towards the end of the show when we run out of other material to talk about. I think MP Materials is a little bit more exciting as we end the segment with it. Yeah, and this AI story coming out of Pennsylvania. You know, I saw him, Trump, and Bergram, and the other guy from Cantor Fitzgerald, Sputnik, not Lutnik. Oh, Lutnik, yeah. Yeah, I went on Sputnik. But those are smart guys. What can I say? They’re all very successful people in their own right. And they were giving that news about the big spend in Pennsylvania from Corweave was there and, of course, a couple others of the big, big, big players in AI. It almost seems like Trump is kind of trying to lock down Pennsylvania for his party, the GOP, you know, and hit the next election. It does play a pretty big role in the election. Yeah, it does now. Interestingly enough, I mean, PA was kind of the center of the whole railroad revolution back in the day, you know, and commerce. Now we’re sending things via… massive data centers, and this nuclear story just keeps getting bigger and bigger and bigger. We’re going to get Netflix tomorrow. That will be the first real big company to report earnings. Okay, we have some other rare earth stocks, and then we’re going to move on to the NVIDIA story, and we’re going to move on to this nuclear story, which like I say, just keeps getting bigger and bigger. A company announced that they’re going to build 10 nuclear reactors in the U.S. here. That’s huge news. But the rare earth stocks, I saw yesterday U.S. rare earth, which is U.S.A.R. It’s having some pretty good movement here recently. There’s a lot of buzz around this whole what’s under the ground sector. And also the one I brought to your attention not too long ago, critical metals. which is CRML. This isn’t in Carmel, California. No, they’re actually mostly in Greenland. And remember Trump’s play for Greenland not too long ago. He’s kind of given up on that, but… I think at least access to their rare earth minerals, their critical materials. CRML is in the news today. They have targeted increased resource upgrade at their Greenland project. So now you’ve got Las Vegas involved in Mountain Pass. You’ve got Greenland involved. And, of course, Critical Metals is a U.S. company. Actually, it’s headquartered in the British Virgin Islands, all right? So I guess… And tax purposes. Yeah, tax purposes.
SPEAKER 04 :
There might be a good reason. Yeah, it’s an interesting segment because, as you mentioned yesterday, we were talking about break-apart MP materials, how they make their money, right, between what rare earths. And it’s really the mining of the material itself. And then, like I said, on the other side, it’s also refining it. And the big difference that NP has made is they just, this last quarter, started actually making magnets. So they’ve been producing that NDPR oxide that you use. It’s a material that goes in a magnet. Well, then they also started – they actually stopped selling as much of it to China and are actually going to – began making the magnets on their own. And so they’ve just commenced deliveries of the magnets last quarter. So they only had one segment. Now they officially have two segments. So it was almost a trick question, Bill.
SPEAKER 03 :
Yeah. You know, that’s a big area. And don’t forget that not too far from there, Elon Musk’s big battery factory is there because of the supply of lithium. Right. Well, Las Vegas has always been kind of a magnet for folks. It was my father liked to go to Las Vegas. Don’t dig too deep over there. Yeah. You usually come back with a little less than you go with, but you get that 99-cent buffet, you know. I don’t know if they still have those anymore. But anyways, critical, if you want to play… I never thought on the Best Stocks Now show we would be talking about stocks in Greenland, okay? But if you want to play on Greenland, you know, rare earth minerals, there’s your play. It’s CRML. Now, okay, how about our backyard here, Barry? Let’s not forget that Rolls-Royce is a big player in nuclear. Did you see the news that Rolls-Royce is going to expand its U.S. manufacturing capabilities with a $75 million investment in its Aiken, South Carolina, engine plant? where it produces diesel engines with power-critical backup generators, okay? Aiken is maybe, what, two hours from us?
SPEAKER 04 :
I’ve been to Aiken. Yeah, we’re kind of on the border of Georgia and right there on, I think it’s 20, if I’m not mistaken.
SPEAKER 03 :
Yeah, they’ve got a little thoroughbred racetrack there, of all things. And Secretariat, I think, was housed there for a little bit of a while. Yeah. My granddaughter spent, she was at girls camp this year in Aiken, South Carolina. And it’s funny to see them in the news today regarding Rolls Royce, a UK company. Right. But don’t forget R-Y-C-E-Y, the symbol, is a major player in nuclear energy. And I got to believe that they’re planting a foot here in the U.S. because they see a nuclear boom, pardon the pun there, ahead of us in the U.S.,
SPEAKER 04 :
That’s what those generators are for, so we don’t have one of those nuclear booms.
SPEAKER 03 :
You need some backup power just in case. Oh, my gosh. But that’s the next story, and then we’ll get to NVIDIA. Westinghouse plans to build 10 large nuclear reactors in the U.S. It says interim CEO Sumner, okay? And Westinghouse beginning in 2030 driving $75 billion of economic value and $6 billion of that’s going to be in Pennsylvania, which all of a sudden is becoming the AI center of the world. This is the interim CEO, Dan Sumner. And, of course, Westinghouse, there is not a publicly traded stock called Westinghouse. There used to be. I remember it in the day. To get exposure to Westinghouse, you’ve got to do it through Brookfield Renewable Partners, which is BEP, which we own. BEP had a monster day yesterday. I think it was up 10%. I will warn you, though, I’m pretty sure you’ve got to file a K1 partnership return with Brookfield Renewable Partners.
SPEAKER 04 :
Yeah, it gets a little weird in an IRA, but the name kind of warrants the extra legwork, I guess.
SPEAKER 03 :
Well, yeah, and the yield is 5.5%. Now, it’s hard-quartered in Bermuda, of all places, all right, but that’s Westinghouse. Now, that’s 51% of Westinghouse’s Brookfield Renewable Partners, BEP. If you don’t want to file a return, which really can be, I’ve done a few of those, and your accountant, if you want to get your accountant mad at you, your CPA, send them a K-1 for your return. They’ll go, ah! And they’ll charge you about $500. But the other one is Cameco. Cameco owns 49% of Westinghouse, which is CCJ. And I would think that maybe Rolls-Royce would have some equipment in those nuclear power plants that are coming to America. We’ll be right back.
SPEAKER 05 :
Well, the top brass don’t like him talking so much. And he won’t play what they say to play.
SPEAKER 03 :
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 05 :
Pull out the instigator Because there’s something in the air
SPEAKER 03 :
And welcome back to the second half of the Best Docs Now show. Here’s your trivia question of the day. How many nuclear reactors have been built in the past 30 years in the United States, Barry? That would be zero is my guess.
SPEAKER 04 :
We tried to build one here in South Carolina.
SPEAKER 03 :
But we didn’t finish it. Yeah, we’re only off by two.
SPEAKER 04 :
There were two. Just two, really.
SPEAKER 03 :
Okay, both of which were Westinghouse AP1000s at the Plant Vocal in Georgia. The project came in $18 billion over budget. Yeah. and seven years behind schedule, contributing to the bankruptcy of Westinghouse, which emerged from bankruptcy in 2018 and is now owned 51% by Brookfield Renewable Partners and 49% by uranium miner Cameco, CCJ. Earlier on Tuesday, of course, this happened yesterday, Westinghouse unveiled a partnership with Google, to use artificial intelligence tools to transform the construction of the company’s advanced nuclear reactors into an efficient, repeatable process. The two companies said they will pair Westinghouse’s Hive and Bertha Nuclear AI Solutions with Google Cloud Technologies and expertise to streamline construction of new nuclear plants. What can go wrong? I mean, AI building nuclear power plants, right? Okay, now.
SPEAKER 04 :
I guess that sounds like the first connection where I’ve been like, oh, maybe that’s how AI destroys everything.
SPEAKER 03 :
Wow. AI destroys the planet. Okay, now. Listen, wait. We go from Mountain Pass, California. to Greenland, to the Bermuda Triangle, Bermuda, to the British Virgin Islands. Now we’re going to go to Idaho next, all right, to connect these dots. selects a contractor to build its first Aurora nuclear power plant. Now, this is the small modular reactors, and we’ve been talking about Idaho for quite some time. I have actually, my son-in-law’s parents worked there at this Idaho plant. It’s a big military. It’s the Idaho National Laboratory. It’s a huge deal right outside of Rexburg and Idaho Falls. Under a newly executed master service agreement, they’ve selected Kiewit Nuclear Solutions as the lead contractor for its first commercial Aurora powerhouse in Idaho. at the Idaho National Laboratory. So it would seem that a nuclear power plant is coming to a location near you. Now, of course, none of this is going to come online until 2030 if the planet is still here. But anyways, this is all very, very important stuff. Okay, now I want to go back to NVIDIA, okay, because, you know, I think we can thump our chest a little bit. On August 29, 2023, I wrote that NVIDIA remains the best stock in the market now. And we’ve obviously reiterated that call many, many times. And NVIDIA right now is twice as big almost as any other holding that we have. It’s a very sizable part of our company. Our assets under management at Gundersen Capital Management. It is our largest position by far, but it’s grown to that. When I wrote the article back on August 29th, 2023, keep in mind I don’t write that many articles anymore because I don’t have the time. But we back it up with, you know, with investing in it. It’s not just pie in the sky. What if we would have bought it back then? No, it’s up 249% since that article. And during that same period of time, the S&P 500 is up 38.9%. Then we followed up that article back in February 28th, I think, February 28th of 2024. Yes, reiterating it as one of the best stocks in the market still, because I said, is it still one of the best stocks in the market? And I said, absolutely, yes. And, of course, when I did my tariff article on March the 8th of this year, I’ve only written two articles all year. And it was on April the 8th when I said, I think the tariffs are going to work, which I think I’m the only market pundit out there that said that. And I said, NVIDIA is still the best stock now in that article. Then we followed up on May 28th of this year. Are the tariffs turning out okay? Well, the market’s hitting new highs. So anyways, I mean, our track record. And then, of course, I wrote NVIDIA takes the lead in the Silicon Valley Derby. That was back on June of last year. That was June 20th. Reiterated it once again.
SPEAKER 04 :
And context-wise, when you wrote these articles, NVIDIA was at an all-time high. The fact is, hey, even where it is now, it still has room to go. And, of course, if you go look through the comments, you’ve got a lot of people who didn’t. who didn’t agree with you at all three of those individual points.
SPEAKER 03 :
Now, let’s look at the actual numbers in the app. I mean, we’ve been doing like ConAgra we did, which is negative numbers, and Kraft Heinz is minus 5% over the last 10 years. There is no stock out there that can claim what NVIDIA can claim. And, of course, we’ve called it the best stock in the market for quite some time now. But over the last 10 years, here’s what the app says. Here’s the back of the baseball card. Speaking of which, that was quite an all-star game last night. An investment in NVIDIA 10 years ago has averaged 80% return per year. What’s the rule of 72, Barry?
SPEAKER 04 :
Divide the percent gain into 72, and that’s how many years it takes to double.
SPEAKER 03 :
So this is doubling your money every year, right? More than doubling your money every year. If you use the rule of 72, that’s some compound interest there, Jensen Wang. Over the last five years, NVIDIA has averaged 75.2%. Wait a minute. It’s just getting started. Over the last three years, it’s averaged 123.2% per year. I don’t know how those numbers work out with the rule of 72. That’s doubling your money every eight months. Now, over the last 12 months, it has cooled off. It’s only up 32% while the S&P is up 11%. Okay, so that’s looking backwards. It is at the head of the class. It’s the valedictorian in the stock market. Performance grade is A+. Now, let’s not forget that in a bear market, during the bear market of 07, 08, 09, it was down 76% during that period of time. I don’t think that will happen again. It wasn’t what it is today. But there’s your 10-year average. Now, that’s looking in the rearview mirror. NVIDIA is still ranked number 15 out of 5,108 stocks in my database, and we look ahead with valuations. We look ahead with valuations. Track record is looking backwards. If NVIDIA can maintain a 20% growth rate over the next five years, which is what I’ve factored into my formula for valuation and target price, My current target price on NVIDIA is 371, which is 117% higher than where it’s at today. That would take it to $9 trillion in market cap. Now that’s subject to change. Who knows, maybe AMD comes up with a better chip next year. But with what we know today, that’s the target price on NVIDIA. And just like back when I wrote the article in February or whatever it was, June of 2023, and said NVIDIA is going to double again, people thought I was crazy then. Well, guess what? It’s tripled since then. And it has kept up with the target price that I keep putting out there, which is a moving target. And I see today that Needham has upped their target price on NVIDIA to $200 from $140. So even that, I mean, that’s significantly higher. uh then where then where nvidia is today nvidia is currently trading at what 141 i think let’s see 169 170. so they have a 200 target price i go out five years and i still come up with 371 all right on nvidia so pretty incredible stock maybe maybe the stock of our our lifetime really Okay, back to nuclear. Let’s go back to Idaho. From Idaho, let’s go to Pennsylvania. Trump reveals $92 billion worth of investments for Pennsylvania as the AI hub sends a bullish signal for the sector. That’s according to Wedbush, okay? And, of course, there’s a lot of companies involved there in Pennsylvania. And, you know, let’s not forget Constellation Energy, which plans to spend billions in Pennsylvania, that story next, and pursue a New York nuclear project. And welcome back here to the final segment of today’s Best Stocks Now show. I told you we were going to move around a lot, Barry. We didn’t know that we were going to go from Las Vegas to the British Virgin Islands to Bermuda to Greenland and then back to Idaho.
SPEAKER 06 :
Yeah.
SPEAKER 03 :
But we’re not done yet. I mean, we’re headed to Bloomfield Hills, Michigan on August the 5th and the 6th. And, man, that’s a rare opportunity. It’s been, I think, over a year since we were there last. I can’t wait to go back, return to Motown. We visited Motown while we were there. You guys went to a Detroit Red Wing hockey game. Three players.
SPEAKER 04 :
I think it was early October last year, if I’m not mistaken, somewhere around there.
SPEAKER 03 :
Did you see that lineup of the All-Star game? Three players from Detroit in the starting lineup, including the fourth player was the starting pitcher himself there. And he struck out our guy, Manny Machado, on the first strikeout called by a computer, a robot. Did you see that? I saw that.
SPEAKER 04 :
They overturned. AI was calling balls and strikes last night.
SPEAKER 03 :
And the Dodger manager was just tickled that they got Machado. They do not like each other. Manny Machado and Dave Roberts are not buddies. You can’t say they go out for a beer after the game. How about the ending?
SPEAKER 04 :
It kept me up. I was like, okay, let’s see how this is going to end. I thought it was going to end at 6-6, and they had that kind of home run off, which was, honestly, at first I was like, those three home runs in a row by Schwarber, though, were pretty miraculous.
SPEAKER 03 :
He’s a monster. Schwarber, I mean, he’s a Padre killer, that guy. All right, now, we’re going to go to Baltimore now. and then we’ll make a quick visit in pennsylvania but let just more on that uh bloomfield hills that’s a rare opportunity i mean we’re going to do a workshop tuesday night if you’ve never been to a gunderson workshop it’s like you know a little cult meeting the the gunder cult of uh of gunder heads meeting and and looking at valuation and uh and momentum and Gundersen rankings in the Best Stocks Now app and whatnot. So that’s going to be a lot of fun to reserve a seat to that workshop. You know, it’s a smaller hotel. It’s the Kingsley there, kind of a boutique, really nice place. It’s not a giant auditorium, okay, so you’re going to have to have a reservation to get in by reservation only or know somebody. The guy at the door, you know, you can slip him a 20, maybe he’ll let you in. Anyways, that’s going to be at the Kingsley Hotel and on Tuesday, August 5th, from 7 to 8.30. And then on Tuesday and Wednesday during the day, behind closed doors, we’re meeting privately with folks that want to meet with us and discuss their situation with us and see if we can help. And you get to meet with the whole team there and to reserve a spot. Call Edie at 855-611-BEST. She’s the maitre d’. She’ll try to get you the best table in the house. 855-611-BEST. She’s our appointment setter. And looking forward to our visit on the 2025 Gunderson tour. World tour. Yes, in Bloomfield, Michigan, a great place, a really, really nice place. That’s one of the best restaurants I’ve ever eaten at, that fish seafood steaks there in that hotel. Joe Mowers? Yeah, Mowers, yeah. Fantastic place. Okay, Constellation Energy. Let’s go back to Baltimore for a minute, known for their blue crabs. They’re going to pursue a nuclear project in upstate New York. And they’re going to spend billions in Pennsylvania. Pennsylvania, like I say, is becoming the AI hub of the world. At least that’s the plans there. New York Governor Hochul called last month for at least one gigawatt of new fission power. and directed state agencies to develop nuclear, which is just crazy. I mean, you know… It wasn’t that long ago that whales and nukes were off limits. You know, no nukes. And Crosby, Stills, and Nash had a song about the nukes. They had a song about the whales. Beautiful harmony in that song. I love that song about the whales. Anyways, Constellation Energy has asked the NRC Nuclear Regulatory Commission, which has probably been asleep for 30 years. All of a sudden they’ve got to hire some people there. uh to okay these projects and and that’s where we’re headed right now okay we’re going to finish up we’re going to look at brazil just for a minute because embraer is saying a 50 tariff on brazilian imports would be worse than what happened during covid So we’ll see. I would think they’re going to carve out something for Embraer. The only competition Embraer has, as far as I know, is the Canadian company Bombardier, which also makes those commuter planes. So, you know, your four big airline makers are obviously the French company Airbus, the U.S. company Boeing, the Brazilian company Embraer, and the Canadian company Bombardier, which trades on the pink sheets. Now, this last story, I wish we’re going to have to talk to Jeff Webster about this one because I don’t understand. Rigetti hits 99.5% fidelity milestone on modular 36 qubit system. Barry, we’re going to need a nuclear physicist to explain to us what fidelity, 99.5% fidelity on a modular 36-qubit system is. But apparently it’s good news. It’s a mouthful. It’s above my pay grade. But I do understand this. Rigetti’s up 15.9% on that news. And Rigetti is definitely one of the most promising. RGTI headquartered in Berkeley, California. Good old Berkeley. Home of Aaron Rodgers. He played at Berkeley. The stock is up 16.1%. And Jeff’s currently looking up… He probably knows off the top of his head what the 36 qubit system is. We’ll find out. Or someone will write to us via email exactly what that is. But it’s good news. That’s for sure. I look at how the stock’s performing. It’s up 15% on that news. All right. Well, we didn’t get to any of the earnings today. Suffice it to say, it’s Bank of America today. It’s Goldman Sachs. Morgan Stanley and Johnson & Johnson. We’ll close with Johnson & Johnson. The stock is up 5.8%. How do you like that? The stock I’m always knocking. is up 5.8% after they showed earnings growth of minus 2% year over year, minus 2%, and sales growth of 6% year over year. Pretty paltry, but it beat expectations. They reserve a seat to talk to us. GundersenCapital.com or 855-611-BEST. 855-611-BEST. 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 SIPC and FINRA.
