This episode also scrutinizes the Fed’s stubborn stance on interest rates and critiques the decisions of Chairman Jerome Powell. With a regional tour on the horizon, Bill Gundersen shares his candid thoughts on growth and value investing, specifically highlighting the contrast between emerging markets and traditional stocks like Ford. Whether you’re a seasoned investor or new to the stock market, this episode is packed with insights that can shape your investment strategies.
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 01 :
And welcome to the Thursday, the post-mortem edition of the, after the Fed announcement yesterday, of the Best Stocks Now show with professional money manager Bill Gunderson, president of Gunderson Capital Management. And I’m here with Barry Kite today, our chartered financial analyst and certified financial planner. And, boy, we’ve got a huge move in the market today, and it is brought to you by… Not Procter & Gamble, no, no, no, not AT&T, no, not Kraft Foods, Microsoft and Meta. Meta is the most powerful move here today and it’s one of our largest positions here at Gundersen Capital Management. And we’ll talk about that in a bit, but in the meantime, the Dow is up 126 points. Of course, Microsoft is a member of the Dow. The Dow is not hitting a new high, but it’s at 48,587. The NASDAQ is hitting a new high. It’s up 283 points. thanks to those two big behemoth tech stocks. The NASDAQ up 1.34%. S&P is up 84 basis points. It’s hitting a new all-time high, 6,416. The Russell 2000 is down three points. Interest rates were down three basis points after the Fed stubbornly refused to cut them again yesterday. Gold is up just a little bit. Oil is down and Bitcoin is up just a little. 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. We’re headed for the Detroit Bloomfield Hills area next week on our annual tour of America. We’ve got our bags packed. We’ve got the bags packed, got the flights booked, looking forward to that. And, Barry, I’ve come to the conclusion here, I think the market pays a premium for Elon Musk as the CEO of his company, and I think the market pays a discount for For Zuckerberg, because Zuckerberg seems to be a little less popular. Maybe Musk is less popular these days. But I think that all in all, Zuckerberg has put up much, much, much better numbers than Tesla, than Musk. And just look at the comparison. We’ll do that in a little bit of the two stocks. Meta has just been a blowout stock. If anything, I think he doesn’t get the dues that he deserves over there at Meta, which is one of our largest positions, and having just a humongous day here today after a blowout earnings report last night. Of course, we’ve got a lot more earnings to talk about here today.
SPEAKER 04 :
Okay, let’s… That’s been our theme on Meta for a long time. A long time. But we wrote an article, probably three, maybe three years old or longer now, where, you know, the one thing that we joked about, where the one thing that Democrats and Republicans could agree on is none of them like Zuckerberg. Yeah. And the P.E. ratio has been kind of devalued over that whole period of time for that particular reason.
SPEAKER 01 :
Yes, but I’ll tell you what, money managers and guys that like to invest in best stocks now love Zuckerberg because he puts the numbers on the board consistently. This is one of the best quarters I’ve seen in a long time. Okay, let’s start with the Fed. I really think that he’s just a stubborn old idiot fool. I really do. I think his gander is up and his pride is up. There’s no reason. I mean, I feel sorry. I said it yesterday in my last message of the day for the young couple that’s got to pay almost 7% for a 30-year mortgage. That is too high. It’s ridiculous. And inflation, they seem to be obsessed with this inflation, which we haven’t seen any whiff. We haven’t had any whiff of inflation at all, I would say, in over a year. And yet he stubbornly digs his feet into the sand and refuses to cut interest rates. And just to add insult to injury, he refused to give any guidance going forward. So I am not a fan of Jerome Powell whatsoever. You know, I think a person’s got to put all of their pride aside and whatever his politics are. I’m sure he doesn’t like Trump very much, even though I believe he’s a Republican. I really do. I think he is a Republican. Not that that should matter at the Fed, but I just think he’s being very stubborn and hard-headed and wielding his power, which is not a good thing. Maybe he’s really short. I don’t know. I’d have to look up his height. He probably wears elevator shoes to make him look taller than he really is. But I just see him as a little, little twerp exercising his power and showing people just who the boss is. That’s just my take on the whole matter. I think we could have used an interest rate cut. I think it would have helped the real estate industry a little bit, which is still struggling quite a bit. But we didn’t get it, nor did we get guidance on September. I would think that the odds are pretty good. You know, I would say me, personally, I’m going to say 80%, 75%, 80% chance of a rate cut, just so he doesn’t look totally stupid. I mean, he already looks stupid. Well… Well, in his path dependence, right?
SPEAKER 04 :
I mean, he was wrong in 2018, right? When he was raising rates going into the end of 2018, and then he turned right around and began lowering rates at the beginning of 2019, which is why we had 2019 was a great year in the market. And then, of course, the old transitory uh discussion right around wrong again he was wrong again about inflation and and now i think he’s just afraid of being like he’s if the cards don’t say do this for sure i think he’s just like I’ll wait. We’ll just wait and keep looking.
SPEAKER 01 :
Yeah, I think there’s a little bit of getting back at Trump, too, with his attitude. And I think that the two guys that dissented, weren’t there two dissenters?
SPEAKER 04 :
Well, yeah, well, Michelle, we had Michelle Bowman, so, yeah, she was the Christopher Waller we knew was going to dissent, and then Michelle Bowman, who actually has been more of a hawk over the last few years. Both of them dissented. First time we’ve had two Fed voters dissent since, I think, 1992. It was the first single dissent. Last time we had one person dissent was back in 2020, probably around that transitory discussion. But yeah, I mean, when you have two, I mean, like I said, not since 1992. So it’s been over 30 years that you’ve had two out of 12 voting members say, hey, we should do this instead.
SPEAKER 01 :
Yeah, I just think it shows you he’s a stubborn little man, and that’s my perception of him. And I’d be really mad if I was a young couple trying to start a family just out of college, wanting to get into my first home, or if I was a real estate agent making a living off of moving homes, if I was in the mortgage industry or the building industry, You know, while the rest of the economy is doing pretty well, the stock market is hitting new all-time highs. He is behind the curve on getting rates a little bit more palatable, especially as it relates to lending and borrowing. That’s my very, very strong opinion on that. Now, having said that, the Fed’s preferred gauge came in one-tenth hotter than expected today, 2.8%. Instead of 2.7, which is no big deal, but that may have been the final bull. He wasn’t going to cut no matter what yesterday. That was pretty obvious. And, you know, it is what it is. In the meantime, the economy, the U.S. economy is humming. Thank goodness Jerome Powell’s not running the economy. We had 3% GDP yesterday, Barry, while Europe is struggling in the hundreds of a percent, you know, like 0.2% growth. We’re at 3%. Canada checks in with 0.01% with their policies up there, which are not very business-friendly. And it shows up in their GDP numbers. And in the meantime, the jobs market remains very, very strong, which is a major indicator of the strength of the economy. We’ve always said that where is weakness going to start showing up first in the economy? It’s going to be in those initial jobless claims that come out every Thursday. This is Thursday. They came out. They came in less than expected at $218,000. They remained very, very low. And in the meantime, the soggy stocks have reported soggy earnings for the most part. And what I consider to be the best stocks now, or at least the stocks that are flourishing in today’s environment, in the economy and in the markets, are putting up some pretty good numbers. And we’ve got a lot of them here today. It will be interesting to see where we’re at on Friday when we add everything up for this quarter that’s come in so far versus the same quarter last year. We’ll be right back. And welcome back here to the second quarter of today’s Best Stocks Now show. Well, yesterday was a huge day, and this morning’s a huge day of earnings. But let’s not forget this is still only Thursday. We’ve got Apple and Amazon coming in tonight. The AA’s, Apple and Amazon, two big ones after last night’s big reports came from Meta. formerly known as Facebook and Microsoft and a few others. Tomorrow is big oil. Big oil is going to report. We’re going to get Exxon and Chevron. Chevron has been on the move lately, but, you know, I don’t know. I’m just not a fan of the energy sector right now and haven’t been for quite some time. Oil is still just a hair under $70 per barrel. It has moved up recently with the issues in Russia. the sanctions coming down on them, and countries that are buying Russian oil, and that’s one of the hang-ups with India right now. Trump not happy with the business that India is doing with Russia and threatening to raise that tariff if they don’t cease and desist. Kimberly Clark, your favorite stock, Barry, will report in the… And Colgate-Palmolive, two big soggy stocks. that don’t move too much one way or the other. The layoffs, where are they happening? Well, Moderna needs a good pandemic. They’re going to lay off 10% of their staff. Of course, they’re one of the vaccine companies that came forward with the vaccine, so-called vaccine. That’s questionable by a lot of standards. For COVID along with Pfizer and those two stocks have fallen on very hard times. I mean, obviously they’ve had nothing in their pipeline, you know, to fill that gap when a temporary event eventually went away. And very poor Pfizer has been a very poor performing stock here over the years. Okay, let’s dig into Meta first. And as I said, I’m going to go right to the Best Stocks Now app because this is what it looked like yesterday before today’s big move. Meta, the stock formerly known as Facebook, is up 11.7 as it closes in on $2 trillion for the first time in its history. It’s just a hair under $2 trillion at $1.96 trillion. No matter what you think of Zuckerberg, he’s put up some big numbers for investors. Been a lot more consistent. Of course, he’s not in the car business. The car business is a lot tougher. Then the social media business, but Meta headquartered in Menlo Park, California. We’re headed to that neck of the woods after our Bloomfield Hills trip. We’re going to hit the San Jose area. Maybe we’ll get some Meta employees there to the workshop we’re going to teach there and the meetings we’re going to have. But Meta’s quarter comes in. With sales up 22% year over year, Barry, 22%. This is a mature company, all right? This is not a new startup. This is not a new company sweeping the world by storm. You’ve got almost 3 billion people on the planet every day in some way associated with Facebook or Meta. And now it’s almost a $2 trillion company and still putting up quarters like this. Sales up.
SPEAKER 04 :
That’s the number that got me.
SPEAKER 1 :
22%.
SPEAKER 04 :
Yeah, and 3.48 billion people on average use daily active people that they call it. And that’s increased 6% year over year. So, I mean, they’re just slowly roping in the entire world, it seems.
SPEAKER 01 :
Well, he’s a powerful, very powerful guy, very powerful software, very powerful influencer. He’s got to be up there with one of the richest guys around. Now, if it’s not enough that the sales were up 22% year over year, how about an earnings gain of 38% year over year? And, of course, he has much, much better margins than does Tesla. And Elon Musk, Musk, you know, struggles. He’s got a lot more competition. Software companies have huge margins. That’s why they traded huge multiples. And yet… Meta has a PE ratio of 25, which we’ve always emphasized, while Elon has this glamour multiple of 160. Does he really deserve 160 times earnings and Zuckerberg only 25 times earnings? I mean, we’ve seen a big discrepancy there, and that’s why not only is it in our premier growth portfolio, It’s in our dividend and growth portfolio, which we retired and replaced it with the value portfolio. But we still own most of those stocks that were in that portfolio because it does pay a little bit of a dividend. It does qualify for a dividend portfolio or a dividend mutual fund. Pays a quarter of a percent. And we own it in our relative value portfolio. because of the relatively low P.E. ratio, considering that it’s one of these big, giant, fabulous seven stocks, and by far the cheapest one in the whole bunch. I mean, to pay 25 times earnings for a company that just grew their earnings by 38%, That means it’s still trading at a big discount to its growth rate. Its forward P.E. ratio is 25 right now, but they’re looking at record earnings this year of $27 per share. I mean, you know, like Kimberly Clark and Procter & Gamble could only dream of earnings like that, right?
SPEAKER 04 :
Yeah, well, we were talking about the, you know, rotation from growth to value, you know, last week and a few days ago. We got, I mean, you got Procter & Gamble at 22 forward PE ratio, or do you want Meta? I was looking at your – the last time we wrote about – the last time you wrote about Meta was back in – I believe it was February 5th, 2024. We’ve written about it tons of times. But since then, since then, that stock’s up 70 over 70 percent. And the S&P is up just under 30 percent.
SPEAKER 01 :
It’s too bad I don’t have the time these days to write more articles, but I’m still ranked in the top 2% or 3% according to tip ranks of the people they follow out there, and they follow some 30,000 folks out there, so I wish I had time to write more articles. But the numbers that Meta’s put up over the last 10 years, They’ve delivered 22% per year, but it’s been accelerating. So they beat the S&P 500, which is 20% per year. Over the last five years, they’ve got a five-point lead on the S&P 500. Meta’s delivered 24.5, S&P 19.1. This comes from my Best Stocks Now app, which is very important to look up that track record of a company. But lately, over the last three years, Meta’s delivered 64% per year to the market’s 18.1%. If you want to own Parker and Gamble, it’s up to you. That’s why they call it a market. We’ll be right back.
SPEAKER 06 :
I’ve been in the right place.
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. Music
SPEAKER 05 :
The instigators. Because there’s something in the air. We’ve got to get together.
SPEAKER 01 :
Stan, welcome back here to the second half of today’s Best Stocks Now show where we just have blowout numbers on two big NASDAQ stocks here today. Microsoft, but especially Meta. Meta is just a monster stock and it had a monster report last night and a huge move here today. is Meta, and also having a pretty good move today. There’s some other stocks here. Astera Labs, ALAB, which we own in the Ultra Growth Portfolio, is up 9.2% today. Arista Networks, which is a big player in the networking in AI, is up 2.6%. The nuclear stocks have had a very good week. Vistra broke out big time yesterday. It’s up another 2.2% today. GE Vernova broke out yesterday again. It’s up 2.5%. You know, when I was crossing the Ravenal Bridge headed into downtown Charleston earlier this week, Barry, I saw a flatbed railroad car with this big transformer on it. It’s brand new. gleaming in the sun, said GE Vernova on it. I don’t know where it was headed, but a locomotive was getting ready to come and back up and haul that thing somewhere, which I saw, hey, I own that stock. That’s pretty cool. Vertiv is having another big day. Vertiv is up 4.3%. Snowflake is up 3.4% today. Celestica is up 3.4%. These are some of your better stocks in the market today, your better growth stocks in the market today. Constellation Energy has been breaking out. It had another big day. It’s up another over 3% today. And as far as our positions go, NVIDIA is our biggest position at Gundersen Capital, and Meta is currently number three, our number three biggest position in our top ten. And we own four or five, this is five different portfolios and about 20 to 25 stocks in each one. But some of the portfolios have more clients and have more money in them. The premier growth tends to be a fairly large portfolio. And when it’s in multiple portfolios like Meta is, an 11.5% move, that moves it into third place as our third biggest position, right behind Goldman Sachs, GS, and NVIDIA is our number one position. position by size okay the next oh one other thing about meta before we move on I always emphasize this a lot because it’s very important. It’s one thing to look in the rear view mirror at the performance that the stock has put up. And that’s why the performance in my quant system that I developed, performance is one half of the equation. In most quant systems out there, if not almost all quant systems, it’s momentum only. The other half of my quant system is valuation. And we just went through the performance numbers. Let’s just look at the valuation numbers on Meta as of yesterday. I do five-year valuations. I learned to do that from a mutual fund manager in the San Francisco area, the Bay Area, the financial capital of California, the West Coast. Many years ago, some 20 years ago, maybe 25 years ago now, and that has served me well because it takes a lot of the emotion out of the game. Who can set a three-month target price? There ain’t no way. That’s like predicting what the weather’s going to be like three months from today. I like longer-term target prices, and I like to match them up with the five-year growth rates that companies say or guide the analyst. They think, I think we could probably grow our company by 10%, 12% a year over the next, whatever the case may be. And a lot of these companies, you have no growth, none, none whatsoever, and you haven’t had any for a long, long time, and all things being equal. If a company is not growing their earnings, it’s going to be very difficult to get price appreciation, stock price appreciation, because normally companies traded a multiple of their earnings. That’s the most… That’s the most popular. That’s the one people look at the most is price to earnings ratio. Now, sometimes they’ll have underlying assets that are very valuable and not being priced into their book value or things like that. But growth in earnings is the common denominator of a growth stock and of a growth portfolio. Trying to find those superior growth stocks in today’s world, not ones that were superior growth stocks 10 years ago or 15 years ago, the ones that are still superior growth stocks or have emerged as superior growth stocks. In today’s world, that’s what growth investing is all about. As of yesterday, I was using a 19% five-year growth rate on Meta. Well, they just produced a 38% quarter year over year, so I don’t think 19 over the next five years, an average of 19, is that far off. At those kind of numbers, you know, Meta’s going to be up in that $4 trillion company itself five years from now. And the PEG ratio is very low, 1.28. That’s dividing that forward PE of 24.4 into 19. Peg PE divided by growth equals 1.28. Very reasonable peg ratio. My five-year target price on Meta as of yesterday before today was 1,464, giving it 112% upside potential over the next five years. I can’t tell you how valuable that is. I can’t emphasize it enough how valuable those five-year growth and valuation projections are. I mean, that’s taking what we know about the company today and using kind of its historic P.E. ratio or one appropriate for its particular industry and growth rate and coming up with that five-year target price. Now, I like 80% or more upside potential along with my momentum and performance. And as of yesterday, Meta had an A-plus valuation grade, which is almost hard to believe. And here again, I think it’s because Zuckerberg gets a discount. discounted multiple because he’s Zuckerberg. And I think Elon gets an inflated multiple because he’s Elon and is much more vocal and much more in the press and much more of a promoter, I would say, than Zuckerberg. That’s just my take on the difference between the two stocks and the big disparity in multiples. Almost an obscene disparity that really makes no sense whatsoever. That’s why we do not own Tesla. And we own Meta instead. Okay, now, I think it’s pretty remarkable. Microsoft is almost, it was at $4 trillion this morning. It finally cracked through that $4 trillion mark. Of course, NVIDIA is at $4.4 trillion now, but Microsoft is number two. I just think it’s remarkable that a company that has been around as long as Microsoft is still growing at this point in their life span in their career in their history their earnings were up 24 year over year and the big uh factor i think there is they’ve stayed current especially as it relates to ai They’re the ones that finally came out with the AI for the masses with ChatGPT, and their sales were up 18% year over year, and their earnings were up 24%. That’s pretty good, Barry, for a $4 trillion company.
SPEAKER 04 :
Well, and just amazing. They’re no longer, I mean, you know, we always think of them as, you know, started out as, you know, basically a software company and, you know, obviously, you know, moved into some hardware. And now, I mean, when you start breaking out data centers and everything else from there, you know, it’s become a much bigger part of their business and they’re more diversified. And they’ve just been, you know, they’ve been on the cutting edge. They’ve been in the right places and they’ve invested in the right places.
SPEAKER 01 :
Yeah, and I mean, you compare that with some of the other tech giants of yesteryear that could have done the same thing. IBM was right there when all of this started to take place. I made that up in my mind. Intel, they were all right there when all this started, and they did not, you know, have the vision or the folks to execute.
SPEAKER 04 :
Well, at IBM, just, you know, I think back to, I mean, remember Watson? Like, I mean, Watson to me is kind of, was AI. Way ahead of its time. And what, I mean, it was great at Jeopardy, I guess, but other than that, like, it just didn’t seem like it did, you know, just never did anything for them.
SPEAKER 01 :
Well, Microsoft puts up some big numbers again, hitting a new all-time high today, even at its old age. And it is another big position here at Gundersen Capital Management. We’ll be right back.
SPEAKER 06 :
Do what you want to do with it. Do whatever you want. Hey, you gotta go the way you want to go. Do what you want to do with it.
SPEAKER 01 :
And welcome back here to the final segment of today’s Best Stocks Now show. Well, we added Thursday next week. We added an extra day. I moved my plane flight home ahead so that I could spend another day in Bloomfield Hills. Tuesday, Wednesday, completely booked up for appointments with the team, the Gunderson team. Two days weren’t enough. Nope, in Bloomfield Hills and, of course, Tuesday night at 7. I didn’t teach a workshop there last time we were there, but this time I definitely want to do that, which is part of our visits to the cities during the year now. And we added Thursday, and the last time I checked, it was about half full already. That’s the 7th, I believe, August the 7th, a week from today. And to reserve a spot to grab one of those hour appointments with the team, if you’re in a bunch of soggy stocks, maybe you’ve got to let those sneakers dry out and get into something a little bit better. A little bit better growth. Growth is important. I mean, look, isn’t it just logic? If you want to grow your retirement funds over the years, Doesn’t it make sense that you have to kind of be in growth stocks? And that eliminates a lot of them. I follow 5,300, 5,200, something like that stocks in the database, my database, my own proprietary database. And I lean towards companies that are growing, that have put up a good, strong track record of returns for investors over the years, but still make sense from a valuation point of view. That’s critical. That’s key. And you say, well, Bill, the S&P is trading at almost 23 times forward earnings right now. Are you still able to find stocks with 80 or more percent upside potential over the next five years? I just gave you an example in Meta. So if there’s a stock sitting out there like Meta, which is not exactly, you know, you don’t have to go digging. It’s sitting right on the surface of the market right there, like a shiny gold nugget right on top of the surface. So definitely underneath the surface a little bit there’s more. And every day I think we’ve added a couple, three, four maybe stocks this week, mostly in the emerging growth portfolio where there’s a little bit more growth. Ah, what’s the word? Efficiency. It’s not as efficient. The dividend market is very efficient. Big dividend payers. It’s hard to scratch any alpha out of big dividend payers because it’s in a very efficient market. And even large caps is a very efficient market. But then again, I find inefficiencies like Meta and even Microsoft, believe it or not, in that large cap.
SPEAKER 04 :
Meta is like a tailing redfish, right?
SPEAKER 01 :
Yeah. Okay. So they’re there. But, you know, while it seems like Wall Street is so enamored with these big old soggy names from yesteryear, they’re just kind of dumb to the stocks of today that are the dominant stocks in the market today. That’s just the way I see it from my perspective. So anyways, to grab one of those spots to meet with us while we’re there, It’ll be a while before we get back to the Detroit-Boomfield area, maybe midway through next year. But we’re going to be there next week in person. And it’s a chance for you to come bring your portfolio to us. We’ll take a look at it. I knew a guy, he used to look at someone’s portfolio and he’d just drop it on the floor, no matter how good it was. Oh, that looks horrible. No, I’m going to give you the honest truth. I mean, I know all these stocks by heart pretty much, all 5,000, believe it or not. That’s how into it I am, and I can look at a portfolio and size it up very, very quickly, okay? And I’ll let you know if I think it could be improved or not. Of course, no guarantees, but at least you’ve got to put yourself in a position to own growers as opposed to non-growth companies. Okay, the last one probably I want to do is because we’re going to Motown next week, let’s just look at Ford. Ford, poor Ford, reported earnings today. The car business is a tough business to begin with, and Ford just has been a very poor performing stock over the years. It’s a very competitive industry. It’s a very competitive business. They’re always fighting the unions. Steel prices, strikes, I mean, it’s a difficult business. And they’ve put up difficult numbers. I mean, an investment in Ford over the last 10 years has netted you 2% a year. over the last 10 years, 2% per year. That is pretty mediocre performance, but what do you expect? And how does it hold up in a bear market? Well, the last bear market we had was 08 and 09. Ford went down 80% during that bear market. It gets a performance grade of C. It’s up 7% over the last 12 months while the market’s up 16.5%. The only time I’ve ever seen people make money in Ford is when it gets down to a dollar and it looks like it’s going out and it’s in big, big trouble like 08 and 09. You know, people buy it, and, you know, pretty soon it’s $3 or $5 a share once again, and they’ve made a big return. But as far as investing in management at Ford and in the business of Ford and in the future growth of Ford, it’s like investing in GM, you know. It’s a difficult business that’s produced very choppy, Very mediocre, very inconsistent performance over the years. That’s the nature of the beast. So for that reason, I mean, it’s not one we would own in a Best Stocks Now portfolio. If I’m looking to put the 20 best baseball players on the field right now in my lineup in my baseball team, Ford is not going to be there. Nor is it even going to be considered to be there. It’s a bench sitter. It’s double A, you know. Maybe you get your act together. Maybe you come up with some innovation. I don’t think that’s going to happen. It just doesn’t fit my style of investing. And yet… It’s in a lot of portfolios across America, a lot, a lot of portfolios. It’s a very popular one to own in these big, soggy accounts that the Wall Street folks like to put together. But look, everybody does things differently. I do it my way, they do it their way. To get four free weeks of the newsletter, the portfolios, any changes in those portfolios that I make, Access to the app. Go to GundersenCapital.com for free weeks. Check out the app for yourself. Or to talk to us about managing your portfolio, 855-611-BEST. 855-611-BEST.
SPEAKER 02 :
This show is not a solicitation to buy or sell any securities. Bill Gundersen or clients of Gundersen Capital Management may have long or short positions in stocks mentioned during the show. Past performance is not indicative of future performance. Gundersen 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.
