Discover the highs and lows of today’s financial markets with Bill Gundersen’s expert commentary. As the Dow fights against resistance levels and the NASDAQ continues to soar, Bill evaluates the potential for market corrections and the critical role of stock valuations. In this episode, listeners will gain a deeper understanding of strategic investment methodologies, the impact of international markets, and the future of tech giants like Tesla and Microsoft. It’s a must-listen for anyone looking to navigate the ever-changing waters of global finance.
He’s been seen on CNBC, the Fox News Channel, and the Fox Business Channel. His articles can be found on MarketWatch, Seeking Alpha, TheStreet.com, and many other places. He’s the author of the weekly Best Stocks Now newsletter and the inventor of the Best Stocks Now app. He’s president of Gundersen Capital Management. Here is professional money manager Bill Gundersen.
SPEAKER 03 :
Welcome to the Friday edition of the Best Stocks Now show with professional money manager Bill Gunderson, president of Gunderson Capital Management. I’m here with Barry Kite. our chartered financial analyst and certified financial planner, and we do have another mixed market today. That’s kind of been the pattern all week. You get a couple of indexes up or down and one that goes the other way, and it’s mostly been the NASDAQ to the upside, and once again, it’s the NASDAQ up 28 points. Right now, 21,086, and if I’m not mistaken, that is a new all-time high in the NASDAQ, It is in lofty valuation territory, however. You have to be aware of that. The Dow is down 22. 45,000 seems to be a resistance level for the Dow. And the Dow is at 44,672. The S&P 500, if I’m not mistaken, that is a new all-time high today, up 8.5 points. $6,372. Wow on that S&P 500 today. The bond market is very quiet today. You’re down one basis point to 4.42%. Gold has been pretty quiet all week. It had a few good days, but it’s hanging out around 3340 right now. And oil is down a little bit. So welcome to today’s Best Stocks Now show. with professional money manager Bill Gunderson, president of Gunderson Capital Management, a nationwide fee-based only firm, broadcasting from Mount Pleasant, Charleston, South Carolina. This is where I work from. But I do get around the country quite a bit during the year, and we’re headed to Detroit here soon. It has been a busy week of earnings, a really busy week of earnings. It’s hard to keep up with it all, but somehow I was able to at least glance at every earnings report that came in. I do that before the radio show. I spend a couple hours of prep time. And, of course, that prep is also my research into the show. There were some surprises this week. Today we’ve got a big surprise. Decker’s, which has not had a good day in a long time, is up, I think, 12% or 13%. And then there’s been the usual disappointments. I would call GEV, GE Vernova, one of the powerhouse reports of the week. and of course we do own a big position in ge verno we’re big believers in the power revolution which has turned away from wind and solar and to nuclear wow the energy sector just had a huge you know week this week that was one of our big differentiators in the portfolio in terms of having that exposure you know provided a decent amount of alpha this week as well so Yes, and we’re seeing new highs in the S&P 500. These are all-time highs, by the way, new all-time highs in the NASDAQ. And I will have an update in the newsletter tomorrow on the current valuations. You may not want to look at that. Do you have an oxygen mask? I think at some point an oxygen mask comes down from above you like on an airplane, Barry. You can start breathing in oxygen to get through the rarefied air that we’re in.
SPEAKER 04 :
Put your mask on first before helping your neighbor.
SPEAKER 03 :
Yeah, the little guy probably doesn’t own an ETF and he doesn’t care, you know. But you need to have that oxygen when you see the forward P.E. ratio of the markets right now. There’s a lot of momentum in the market right now. If it starts to wane, I would say look out below. We could have a pretty healthy correction. Not a time to be going into the market with guns blazing, but you’re still selective, and we’re still celebrating a lot of stocks hitting new highs, so we’re going to enjoy it while we can.
SPEAKER 04 :
And that’s why you methodically work in portfolios. That’s right. You talk about your gardening process and whether you’re just putting cash to work or swapping things around. These are the reasons why we do those things over time instead of just, you know, Money shows up and throw it all in day one.
SPEAKER 03 :
Well, and that’s the difference between ETFs and mutual funds. I mean, if you bought the NASDAQ 100 a day, boom, you’re in. You own it all. You own it all. If you buy a mutual fund, boom, you’re into all their stocks no matter what the valuations are. It takes me, I mean, it adds a lot of time, and it’s more time-consuming, but I feel it’s worth the effort to, once somebody gives me, let’s say, $100,000 to put into the market, you know, I do it as those stocks that I currently own enter back, maybe a pullback or whatever or a catalyst or whatever. a new buy, whatever, I don’t put your $100,000 to work the very next day. I remember back in the commission days. That’s a long, long time ago. I wasn’t in that business for very long, but when I got into the business in 98, it was pretty much all commission.
SPEAKER 04 :
Yeah, they hadn’t gotten to the RAP fee accounts. Remember those? That’s kind of the fruition of the normal kind of assets under management and just billing off of what you’re managing. But those days then were the Wild West a little bit.
SPEAKER 03 :
Well, and those commission brokers wanted to put all your money to work on day one because then they had a nice day, a nice gravy day with… 27 commissions or whatever it was, and instead of spacing it out over time, no, they tended to be a little bit greedy, wanted that money right away, put you in those A-share mutual funds that paid $5. I think at one time.
SPEAKER 04 :
5% on the front end. Yeah, 5% on the front end.
SPEAKER 03 :
I remember American funds. I want to say it was at 8%. So if you put in $100,000, $8,000 went to the commission broker on $100,000, and the rest, your money, 92 left over, went into the mutual fund.
SPEAKER 04 :
You actually got invested, yes.
SPEAKER 03 :
There were some big, big loads on those A shares, and then they came along with the B shares, which were more powerful.
SPEAKER 04 :
Got you on the back end.
SPEAKER 03 :
Got you on the back end when you sold.
SPEAKER 04 :
Yes. Gets you one way or the other, right?
SPEAKER 03 :
I mean, I saw guys that would rack up some big commissions in a month, maybe $30,000, $40,000, maybe more than that in the old commission business days. No, I trickle your money in as I see fit. And obviously, I’m not buying as much on a daily basis right now with the lofty territory and the markets. And so just by nature. You know, I think that lowers the risk level when you come and deal with somebody who does that, who kind of feathers into the market. Now, if the market was cheap and booming back in March of this year, if you would have came to me, you would have seen a lot of buys right off the bat. So that’s kind of a big differentiator between what we do. You know, everybody does something different. There’s different. RIAs all across America, registered investment advisors, and everybody has a different way of doing things, and that just happens to be our way of doing things. Okay, the European index is a little nervous. They had a big week, however. There’s a lot of optimism that they’re going to finish a deal. I would expect something over the weekend, maybe even after the close of the market today. And I see something similar to what Japan was with the 15% solution, which seems to be what Trump, that’s kind of his minimum tariff there. Although some do have a little bit, there are some that have only 10%. So we’ll see. The European stocks are expensive too, let’s not forget. They’ve had one of their best years in a long time, despite slow growth. But I think the best thing about Europe, their inflation is behind them. They’re spending more money, especially in that defense area. And they were the alternative to get out of the U.S. market while things settled out with all of the tariff activity.
SPEAKER 04 :
I’ll tell you what, I looked at the euro yesterday, and the euro is 117 versus the dollar compared to, I mean, remember, it wasn’t a couple years ago where it was almost at parity, right? I mean, it was like 103 or something of that nature, 1.03. So, okay. It’s true.
SPEAKER 03 :
So, Barry, tell the folks, is this a good time to take a European vacation or is this a bad time to take a European vacation? How does that work?
SPEAKER 04 :
This would be a bad time.
SPEAKER 03 :
That’s what I thought.
SPEAKER 04 :
Because your dollar is only going to take $1.17 to get one euro. And part of that is this trade deal, right? If this trade, you know. If you do get a deal with Europe, that euro is going to come down compared to the dollar. Right now, what you would consider the demand for dollars has gone down because any time you’re potentially impeding trade, you may not need as many dollars out there. It’s an interesting dynamic when you’re including Europe. Most of their benefit this year has been more currency-related in terms of these European funds that have been up. It’s more about the currency than the stock.
SPEAKER 03 :
Well, Elon Musk is apologizing. He says sorry. That’s how they say it in Canada. My best friend’s from Calgary. He says sorry. What is he apologizing for? The performance of his stock? The slowing sales of Tesla cars? No, something else. We’ll be right back. And welcome back here to the second quarter of today’s Best Docs Now show. Well, T-Mobile is going to use Starlink for their Internet and their satellite connections on their cell phones. And they turned that switch yesterday. It blew out the network for two and a half hours, I guess, on Starlink. I have Starlink at my house as a backup. uh… because you know i need to uh… be connected uh… it just in case anything that should go wrong to uh… to the internet and it’s been trouble free i mean i love my starlink if i needed to take it somewhere uh… i could take it to with me i could take it on my boat i could take it in my car i could take it anywhere i want uh… and uh… they had uh… a two-and-a-half of their biggest outage ever he had a rough week Of course, his stock blew up on Thursday, Wednesday. You know, look, I can’t call Tesla a growth company. I haven’t been calling it a growth company for quite some time because their sales are going downhill. The quarterly comparisons have been negative for the last four quarters, and their earnings have been negative comparisons for the last four quarters. Sales are plummeting in China. Sales are dropping in Europe, even California. You’re seeing a big drop-off in sales of Teslas. That has not stopped Kathy Woods from doubling down on Elon Musk’s Tesla. Of course, she’s got a $2,500 target price.
SPEAKER 04 :
You took the words out of my mouth. I was going to say, you know who’s buying that dip?
SPEAKER 03 :
Your friend Kathy. In that mixed-up mind of hers, $2,500 target price. I don’t know where her target price is today, but I don’t know where she comes up with where’s the future growth going to happen. It plunged 8.2% on Wednesday, and Kathy Woods scooped up another 143,190 shares of the electric vehicle. She is having a good year, though. I will say that.
SPEAKER 04 :
It still has outflows. Actually, I was reading a report about that where she’s had a good year, but the strategy continues to have outflows.
SPEAKER 03 :
Well, here’s the thing. It’s just a matter of time before she gets another big wipeout, right? I mean, at the valuations that the market is at today, She’s in the upper, upper, the highest tier of that valuation stratosphere. And Lord help us when, you know, whatever brings about the next big correction or bear market, she’ll get slaughtered because she has no defense whatsoever. She’ll see watch stocks go down 80%, 90%. But God bless her. Everybody has their methodology, right? She just happens to have one that it’s either going really good or it’s really going bad. And over time, it hasn’t worked out too well for her. She reaffirmed a five-year target price of $2,600 per share. You can look up my five-year target price, which is much more accurate in the Best Stocks Now app. I don’t know how in the world you can come up with the target price like that.
SPEAKER 04 :
Well, the way, I mean, in what she has there from an analysis standpoint really is hope, right? I mean, in terms of, hey, we hope, right, that the robo-taxi works out. We hope that robots, you know, take over, you know, parts of the world, right?
SPEAKER 03 :
But it’s got to be based. It’s hard to work in your analysis. I mean, I just don’t understand. It has to have numbers underneath it and rational numbers. I mean, I’m using a 12% growth rate. I don’t even think that that is plausible. That’s the consensus estimate. I’m just using that one.
SPEAKER 04 :
She’s got to be using 40 or 50 to come up with. Well, and the app doesn’t include a hope feature. You know what I mean? You’re not building hope into the analysis. The numbers are what they are. Yes.
SPEAKER 03 :
Okay, now how important is power in the world today? Amazon abandons plans to build an Irish plant due to power woes. They abandoned a plan to build an industrial facility in Dublin after it could not secure power supply for the $300 million project. The proposed plant would have employed about 500 people. Amazon’s cloud computing unit, Amazon Web Services would have been housed there. But a failure to provide Amazon with electric. Now, who gets priority here? The folks at home running their microwaves and their TVs? Or do we hand over the priority? I’ve seen a lot of cases where Facebook seems to get the priority. Amazon seems to get the priority. They’re going to get their power, but the little guy… might be out of luck. So anyways, power is becoming a big factor. And I think every nation, that’s why I think investing in energy, but not oil and gas. Look, when we used to talk energy, We were talking Chevron, ExxonMobil, BP. Now when we’re talking energy, we’re talking GE Vernova. We’re talking Vistra. We’re talking Constellation Energy. We’re talking Talon Energy. We’re talking Siemens. We’re talking Rolls-Royce. We’re talking Cameco. We’re talking BEP, which is Brookfield Partners. Even Oclo. Yeah, Oclo. Oclo, SMR. That’s your power of today. Microsoft keeps outperforming. You know, I have to mention Microsoft because it is breaking out and hitting new all-time highs here. And it is trying to keep Nvidia in its sights as Nvidia pulls away on the far turn there and opens up daylight on Microsoft. Microsoft is now a $3.8 trillion market cap. And I do believe that it will continue. Now, I believe in Microsoft’s double-digit growth over the next five years a lot more than I would believe in Tesla’s double-digit growth. That’s just me. I think Microsoft just has a much more wider array of products to offer. And while Microsoft is at $3.8 trillion, NVIDIA, which had another good week and has been closing at all-time highs here recently, even Trump is gushing over Jensen Wang, They’re at $4.25 trillion. So they’ve opened up a big lead on Microsoft and Apple has really been left in the dust. They’re down clear at $3.2 trillion. There was a time when they were neck and neck with each other, all three of them, right?
SPEAKER 04 :
And you had that three-horse race, I think, was the title for either an article or a title for the newsletter once.
SPEAKER 03 :
Yeah, and Jensen Wang has pulled the head of Apple by $1 trillion. I don’t think they’re going to make up that gap in my lifetime, unless NVIDIA falls on hard times at some point in time. I was reading that there’s a big cottage industry in China repairing NVIDIA chips that they’re not supposed to have. That should not even be an industry, but there are those that have worked on NVIDIA’s gaming graphics cards that are in high demand to make repairs. I guess I don’t know how you repair a chip. I can’t even repair a little HO locomotive, let alone an NVIDIA chip. Are you kidding me? We’ll be right back. 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 07 :
Because there’s something in the air.
SPEAKER 03 :
And welcome back here to the second half of today’s Best Stocks Now show on this Friday, July the 25th. A little bit of a bump higher in the market here during the break. That’s always a good thing. Right now the Dow is up 65 points and the NASDAQ is up 44 points and the S&P is up 14. That’s new all-time highs on the S&P 500. New all-time highs on the NASDAQ and the Dow continues to fight and punch and try to poke its head above that 45,000 level, but that continues to be kind of a resistance level, a ceiling for now. We’ll see if it can get through there. A lot of soggy stocks there in the Dow compared to the NASDAQ. And that, yeah, you’ll probably see it bounce through there. At some point in time, it was 3,500 when I got into the business, and now it’s almost 45,000. Okay, we’ve got a lot of stocks. You know, one of Musk’s headaches is China and the competition. China is just cranking out. EVs. I mean, they’re all in. They’re way ahead of the U.S., right?
SPEAKER 04 :
I saw one company. I think it might be Zeker. I’ve got to look it up. It was a story earlier in the week where I think they were essentially kind of like you were talking about, creating them and just parking them.
SPEAKER 03 :
Well, yeah, you can’t do that. I mean, how do you record a sale? Do you record the sale? Do you recognize the revenue when you park it, when it’s built, when it comes off the assembly line? It shouldn’t be that way. No, you recognize the revenue when you sell it to somebody not associated with the company. Xping delivers its first EV made in Indonesia as global localization strategy launches. But, you know, I was just looking at XPEV. I was looking at their recent quarters. We went over Tesla. They’ve had four quarters in a row of negative comparisons. Negative. Big time negative. Sales and earnings. Xpeng’s growth the last four quarters up 60%, up 23%, up 20%, and up 140%. That’s way better, I’m sorry, than Tesla. And on the other hand, look at their sales, up 58%, up 48%, up 28%, and up 70%. Now, they’re just turning to profitability here, XPEV. uh it’s an 18 billion dollar company i would just say that the growth i if you take out the cars they’re parking i don’t know i’ve heard all kinds of different stories i’ve read a lot of things i’ve never seen anything concrete like a satellite photo of all of these byd uh evs park somewhere perry but right could be the case you know you’re dealing with china
SPEAKER 04 :
Well, and with Zeker, what it was is they essentially, it was about 60,000 cars. It was a revenue recognition thing, exactly like you’re saying. What they did is they actually insured them first before they were sold, but the way under Chinese regulation, I guess you get to say that the car is sold at the insurance portion of the transaction, so they were insuring them themselves, and so then they could put those as actual sales even though they weren’t.
SPEAKER 03 :
Yeah. And, you know, I mean, if Kathy Wood is counting on RoboTaxi to really get that stock, from where it is now, Tesla is at 312. She says it’s going to be 2,600 five years from now. It would have to come from humanoid robots and the RoboTaxis. But Tesla doesn’t have the leading, they’re not in the pole position right now with that. You’ve got Google really in the pole position. with the pretty commanding lead. I don’t ever count Musk and Tesla out, however. And then you’ve got the Chinese competitors out there. Pony launches 24-7 robo-taxi service in Guangzhou, Shenzhen, which is one of the bigger provinces by population. It’s the major in Guangzhou and Shenzhen provinces. Those are the two major economic hubs in southern China.
SPEAKER 07 :
Right.
SPEAKER 03 :
This is a significant milestone in the company’s China expansion, extending service hours from 15 hours daily to a full 24-7 availability. Of course, we don’t hear about cars that run off the road and everybody in the car gets killed. I don’t know what their safety record is. But Pony is a major player that trades on the U.S. markets. And there’s WeRide, which is not quite as big as Pony. But they also have a presence. Some companies are turning to Pony here in the U.S., I think in Austin, Texas, Uber is also trying out Pony. Okay, Intel’s, how is Intel’s turnaround coming? It doesn’t look too good right now. Down 8.8%, kicked out of the Dow. It’s under $100 billion. It’s $90 billion. Really, the first company that raised money in the Silicon Valley, it all kind of began with Intel. And I think the 49er Stadium there is where one of the Intel plants used to be. But Intel, you know, there’s no growth whatsoever. Their sales up 0% year over year. Zero. Their earnings down 600%. They lost $0.10 this quarter versus a gain of $0.02 last quarter a year ago. And they’ve just had very dicey earnings, very dicey sales. Now, that brings about, unfortunately, it also is going to bring about layoffs. And the new CEO, Tan, is expecting to lay off 15%. That’s huge. 15% of a fairly large workforce as part of CEO Tan’s revival. I remember when the old CEO said, he wanted everybody to pray and fast right i don’t know that i would i mean i pray and fast for certain things but i don’t know if i’d do it for intel employees unless i was one of them or a family member but they’re in trouble yeah okay they’ve got a global head count of 75 000 And 15%, that’s like 11,000 people going to be laid off. Maybe Jensen Wang will put them to work. I don’t know. But the company has canceled, paused major factory projects. They were going to really step up into the forgery. Forge, not forgery. That’s China. The forge business, making chips. Every investment must make economic sense. We’ll build what our customers need when they need it. But they’ve stopped projects in Germany, Poland, Costa Rica. They’ve consolidated operations in Vietnam and Malaysia. He was appointed in March 2025. He was previously a board member of the board and a venture capitalist. Well, those people usually come in with kind of a chainsaw.
SPEAKER 04 :
Yeah, they tend to cut pretty quickly, right? Yes. 65% institutional ownership, by the way. I always like to pull it up on some of these.
SPEAKER 03 :
They love to own Intel. I remember the day when any account that came to me from a big wire house firm, they always had Intel in that portfolio because it’s a name people recognize. And those are the kinds of names that the big Wall Street institutions love to have in the portfolios. The earnings report of the day, and I would say that this is a good one. I mean, this is a good indicator of the health of the economy. It’s somewhat of a bellwether. It’s a trucking stock, okay? If you’re trucking, you know, you’re making things and people are buying things and you’re shipping things. S.A.I.A. had the pretty good report. It was up a lot more. It’s out of Johns Creek, Georgia. It’s up 5.7% today. But, you know, the reason I bring that up, they beat by 28 cents. Their revenue beat by $9 million. And that stock, pretty good breakout here today. Now, when we come back, we’ll talk about the disaster of the day. I’ll tell you what, that health care sector, the health care insurers, united health care uh… humana senti that’s probably the worst sector in the market other than the weed sector uh… and the housing is not doing too great right now with interest rates and then another report that’s quite surprising to the upside a california company uh… and then we’ve got a few others and then you know in the in the newsletter this weekend you’re going to get the goods on where we’re at with earnings versus the same quarter last year because that is very, very critical to the future of this bull market that we’ve been in really since 2009. We’ll be right back. And welcome back here to the final segment of today’s Best Docs Now show. And it’s on to Detroit, August the 5th and 6th. Actually, Bloomfield Hills, Michigan. And we’ll be there on that Tuesday and Wednesday. I’ll be teaching a workshop Tuesday night from 7 to 8.30 at the Kingsley Hotel. Very nice place there. And then during the day on Tuesday and Wednesday, we’ll be meeting with folks that want a one-hour appointment with us to discuss their portfolio, your plans, whatever the case may be as far as your assets in the market. And Thursday. We opened up Thursday also because those first two days filled up rather quickly. I’ve got to change my flight plans. Thursday is also available. I’ll have to get an update on Monday from Edie on how that’s going. 855-611-BEST to reserve a spot to the workshop or a one-hour appointment with us. 855-611-BEST. And then it’s on to Santa Clara area in the Bay Area over there by the San Francisco 49er Stadium. There’s a Marriott, a Hilton, whoever gives me the best deal, right, Barry? On a nice private conference room to meet with folks and a nice workshop room to give a presentation. That will be sometime mid-September, I’m thinking. And then on to Minnesota sometime in probably October. You’ve got to work around moose season in Minnesota and ice fishing. That doesn’t hit until – when’s ice fishing? About November maybe. Those things start to freeze over. December for sure. People always say, Bill, you’ve got to go ice fishing. You know, I do, I guess. I’m going to try it. If I’ve got a fishing pole in my hand, I don’t care where I’m at, Barry, really. That’s a nice deal. So, anyways, to reserve a spot to Detroit. Now, this 855-611-BEST. Now, this week’s newsletter is going to have an update on all important earnings. That’s what drives the bus. The bus full of 500 seats called S&P 500 companies, and when we take a roll call and we add up all of those earnings reports and future earnings expectations, we get one number, earnings per share number. And that number’s been going up since 2009, believe it or not. That’s the longest streak ever. that I’ve ever seen in my days in the market, and it’s expected to continue, at least for now. The expectations are for record earnings this year, record earnings next year, and record earnings the year after that. But checking on them once a week keeps us in touch with those earnings, which are the most important driver of the stock market out there. Interest rates are important, too, because that impacts the multiple. You saw a big multiple contraction when the Fed went on the warpath and that tanked the market. The NASDAQ was down 30%. Long bonds went down so much it put Silicon Valley Bank out of business and a couple of others that were heavy owners of U.S. long treasuries, despite the fact that the Fed definitely signaled what their intentions were. And they decided not to get off the railroad tracks. Instead, they got run over by a freight train with Jerome Powell tooting the horn around the corner there. And they’re no more Silicon Valley Bank. So that’ll be fun. I’m looking forward to the rest of the year. And we’ve got to get down to Houston, Perry. And we’ve got to get over to Pittsburgh also. We’ve had a fun time this year. And then we start all over, usually back in Sarasota. Get a blackened mahi sandwich there. That’s how we start off, kick off the tour, the annual Gunderson tour. Okay, now some earnings reports here that have come in. Friday’s usually a little bit slow. Kudos to Decker’s. which I didn’t see coming. We finally pulled the plug on Decker’s. I mean, there was so much controversy there over the tariffs because I’m pretty sure they make most of their stuff overseas, probably in Vietnam. Nike had the same issue, but they came up with a huge quarter, did Decker’s, and the stock has been languishing. I mean, it got cut in half. When Trump went on the warpath, Decker’s got cut in half in their valuation, headquartered in Goleta, which is right up by Santa Barbara, California. Decker’s had a very good quarter with their UGG sheepskin boots and their Hoka shoes. Their sales were up 17% year-over-year. Their earnings were up 24% year-over-year. That’s a very good quarter. And that makes for a big gain in the stock today of 13.3%. It’s given up a lot of those gains though, however. Now in the healthcare sector, that’s just been a disaster. And Centene, it’s up 5.8%, but that thing’s been under heavy, heavy pressure. Something’s got to be done. I’m surprised there’s not more talk about Obamacare, you know, the AC, what is it, what did they call the… The health care plan that everybody’s got to have nowadays, ACS or something like that, it’s not doing well. I mean, premiums are going up. The health care providers are losing money or they’re struggling. And something’s got to be done, I think, to shore up that system. Centene had a horrible quarter. They lost 16 cents. That’s the first loss I can remember in a long, long time for a company like that, a $14 billion market cap company headquartered in St. Louis. That stock has just tanked. UnitedHealthcare has tanked. Humana has struggled mightily. So that’s a very rough sector. And then the last one here on the list, well, there’s two. PSX, which is a refiner, just a so-so quarter. By the way, California’s got a vacant refinery. They’re trying to get an occupant for it, Barry, to come refine some gasoline for them. so they don’t run out. You know, the refiners have left California up in that Bay Area, Sacramento area, because of the regulations. And let’s not forget In-N-Out Burger moved their headquarters to Tennessee after being a staple. Now, they still have their stores there in California and the good Double Doubles, which I can’t wait to revisit when I’m there in September. And the last one is Charter Communications, which has been just a dog of a stock. It is plummeting. It is a horrible stock. It’s down 17% today. Another, the cable sector, horrible, horrible, horrible. To get the newsletter and the full monte of everything we offer for four weeks, GundersenCapital.com. To make an appointment to talk with us about your portfolio, 855-611-BEST. Have a great weekend, everybody.
SPEAKER 02 :
This show is not a solicitation to buy or sell any securities. Bill Gunderson or clients of Gunderson Capital Management may have long or short positions in stocks mentioned during the show. Past performance is not indicative of future performance. Gunderson Capital Management is a fee-based registered investment advisory firm. All accounts are held at Charles Schwab. Schwab is a member of SIBC and FINRA.
