Join us on the Best Stocks Now Show as Bill Gundersen discusses the latest market trends following the reopening of the government. Explore the impact this has had on stock prices and investment strategies, including the phenomena of buying the rumor and selling the news. With insights from Barry Kite, a chartered financial analyst, this episode delves into the significance of capital gains and the choices that investors must navigate in these turbulent times.
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 :
And welcome to the Thursday, Thursday, 11-13-2025, Buy the Rumor, Sell the News edition of the Best Stocks Now show with professional money manager Bill Gunderson, president of Gunderson Capital Management, a nationwide fee-based only firm. And I’m here with Barry Kite, our chartered financial analyst. Well, they bought the rumor on Monday that the government was going to open back up again. He had a huge explosion to the upside. When I sent out my messages that day, I said, it’s a sugar high because of this rumor. It’s probably going to happen. It happened officially last night, and you have a sell-off in the market today. I can’t tell you how many times I’ve seen that phenomenon. at work over the years. The Dow is down 251 points after hitting a new high here this week. It’s at 23,156. The S&P is down 70 basis points, 48 points to 6,803. The NASDAQ, which is getting hit the hardest here again today, it’s down 1.1%, down 257 as the AI stocks continue to melt. 23,153 on the NASDAQ. And you’ve got the bond market. The interest rate’s moving up four basis points here today to 4.12. That’s not good with the forward PE where we’re at right now in the S&P 500. Gold is up. No, it’s down just a skosh. Oil is up 1%. And beleaguered Bitcoin, I call it, is down again. It’s down 2,200 to 102.421. So welcome to today’s Best Stocks Now show with professional money manager Bill Gunderson, president of Gunderson Capital Management. And I’m here with Barry Kite, our chartered financial analyst and certified financial planner. And I’ve been kind of hinting here recently, Barry. And, of course, in the show we’ve been talking about a lot. We’ve had a heck of a run in the market since April the 8th, that magic day when the market said, Okay, it’s the bottom, 4,800 on the S&P 500, and we’re going to start flying higher from here, and it has done that. Now you’re at 6,800, and you can do the math on that move, right?
SPEAKER 04 :
Over 50% on the NASDAQ, which I hadn’t looked back and kind of done. I knew it was been a lot, but, I mean, 50%, that’s a wild number.
SPEAKER 03 :
You know, I think it’s going to be a windfall year for the IRS next year because I think there’s going to be a lot of short-term capital gains that this has created, this move in the market. I don’t know if you can hold out until December 31st because, you know, the large-cap tech AI stocks are melting pretty quickly.
SPEAKER 04 :
And they move quick.
SPEAKER 03 :
They move pretty quickly, yes.
SPEAKER 04 :
If they do melt, they melt fast.
SPEAKER 03 :
So I always say, as investors, you have a choice. You know, the best way to avoid capital gains on stocks is not to have any capital gains on stocks. Buy AT&T, Verizon, Disney, et cetera, and you won’t have to worry about capital gains. or sit there and don’t do anything and watch your capital gains disappear. Okay, that’s the other choice you have. But I choose door number three, which is, you know what, if the getting’s good and you’ve made a huge profit in some of these stocks since April the 8th, I’m really left with no choice. By far the superior choice decision to be made is take the profit, Book it, depending on the stock, okay, and pay the capital gains tax. That’s just the way it is. And it’s going to be a short-term capital gain in many cases because this all began back in April 8th. of this year, and we did a lot of buying during that period of time. And that capital gains tax is at your ordinary income tax rate. However, if you’ve got money in these gains in an IRA or a Roth or 401k or whatever, one of the tax-deferred vehicles, that’s not even a consideration. And yes, I do manage IRAs and taxable accounts basically the same way. I mean, is it any better to lose the capital gains in an IRA than in a taxable account? It’s just the way it is. It’s built into the system.
SPEAKER 04 :
And there’s not going to be much, at least where we’re at now, there’s not going to be a lot of opportunity for tax loss harvesting. I mean, we always obviously look for tax loss harvesting at the end of the year, particularly in December, but If you look at our holdings right now, there’s not that many that we have.
SPEAKER 03 :
There’s been a handful of some tax losses here this year, but not even close to offset the gains that we’ve had this year. So, you know, it is what it is, and be happy. To pay capital gains taxes. That means you made money, honey. Good news and bad news. Just don’t spend all the money between now and April that you’ve made because you’re going to have to have some in April to pay the tax man. Okay, let’s take a look here at what is happening. And, of course, last night was the official end of to the government shutdown when the House passed the bill that the Senate passed on to them, and it looked like a sure thing. The rumor was on Monday that it was going to happen. If you remember, on Monday we had this huge gain in the market. And ever since then, however, as the rumor began to solidify into actual news and then the actual news actually came out last night, you’re seeing this profit taking in the market continuing. And, you know, the biggest reason, there’s no question about it, it’s a 23 times forward P.E. ratio that probably not a lot of people are talking about on CNBC and MSNBC and the Fox News Business Channel and all the other Bloombergs of the world. That is something that is a little bit underneath the surface of the market. I never heard Maria Bartiromo say that that was up 23 points today and the forward PE closed at 23 times forward earnings, which is a five-year high. No, you have to get the Gunderson newsletter and the Gunderson alerts and whatnot to know that fact. which is a pretty big piece of resistance barrier to the market going higher. Now, having said that, I don’t see money leaving the market. I see rotation out of the higher PE stocks with the big gains into lower PE stocks and even quite a few non-technology stocks. So that’s the good news. And the bad news is it looks like this giant money making opportunity that erupted back in early April is starting to wind down. This phase of the market, the market goes through cycles. It doesn’t go up forever. You eventually hit valuation walls or, and it hasn’t happened yet, the economy’s been growing since 09. Other than the COVID year, earnings have been growing since 09. The other thing that will bring a market run to an end would be earnings starting to flatten out and not growing anymore. But right now we’re not seeing that. And that’s another thing I look at every Saturday in that all-important newsletter. What are the estimates for the rest of this year? All of 2026 and all of 2027, those are the best indicators of all in my book. In the meantime, our biggest decision, Barry, is where we’re going to go in January. I would like to kick off the year with a trip. Naturally, Sarasota is at the top of my list because it’s probably the warmest place in January to go to. And I’m always up for going down to Lakewood Ranch and teaching a workshop there. It will be a full house because everybody from New Jersey, Pennsylvania, Ohio, they’ll all be in Sarasota. Be following the warm weather to go down there. Yes. If two people show up. I still get a nice dinner down there, some black and mahi, you know, and have a good time, visit my sister, maybe make it up to Burns Steakhouse now that I’ve got a connection there to get in any time I want. You know, that’s a two-month wait. I threw out… I’ll make the trip just for the steak, Bill. I threw out Minneapolis, and I didn’t get any votes. Minneapolis in January, you know, can be a little bit on the cool side. We’ve been in February, though. We have. I’m not afraid of it. I am willing to go. I’ve got mukluks that are packed and ready to go. I’ll go anywhere in the country. Santa Clara wouldn’t be a bad place either, the Silicon Valley in January. But we’ll have… We’re putting our tour together. The Sugar Magnolia bus needs a little tune-up. Jeff Webster needs a little tune-up, and then we’ll be ready to go in January. Now, let’s dig in. You know, Michael Burry is winding down his hedge fund.
SPEAKER 04 :
Did you see that? Yeah, how about that?
SPEAKER 03 :
It’s done terrible. That’s why you don’t wind down something that’s doing well. I think the results of said hedge fund have been very, very poor. It’s Scion, S-C-I-O-N. He made a big call, what, 10 years ago, 15 years ago, and hasn’t made one since. But he is short, which I’m sure he’s doing well with his NVIDIA and Palantir shorts right now. We’ll be right back.
SPEAKER 05 :
And welcome back here to the second quarter of today’s Best Docs Now show.
SPEAKER 03 :
How do you get around reporting a bad jobs report or a too hot CPI report? Never release them. That’s what looks like is going to happen for October, Barry. Two major economic reports on jobs and inflation for October may never be released, even as the government shutdown ends. So anyways, that’s because nobody’s been going over to Target and checking the prices on key items and whatnot that you need to produce the CPI report. You can’t just walk into Costco in mid-November and find out what the price of a good was in October, says Erica Mickenharfer, the former BLS commissioner that Trump had fired. So anyways, we’ll probably never know. what the October jobs were or the CPI was.
SPEAKER 04 :
That’s going to mess up some spreadsheets, right, and some macros where it’s going to be pulling in a blank, right, for that month. I was thinking about some of the data, and I had listened to an analyst kind of go through some of the different, you know, some parts of it are survey data, right, parts of it are actual numbers, and they pull all this stuff, you know, out. And so some of it, some of the info just comes in electronically, so they submit it electronically. That stuff you could theoretically pull out and put in a report, but some of the physical surveys where during the week people call and talk to and… you know, get updated numbers. And, you know, frankly, you can’t go back and recreate. You can’t go back in a time machine.
SPEAKER 03 :
I was thinking if we have a bad month with our portfolios, we just won’t send out a statement that month, you know. You know, because we’re too busy to send out a statement.
SPEAKER 04 :
Well, from a government standpoint, I was thinking, you know, obviously from a conspiracy standpoint, it’s like, okay, if the numbers are bad, let’s don’t send them out, right? But then if you think of it from the administration standpoint, they actually want lower rates, right? So in reality, bad job numbers, right, it could be viewed two different ways, either good news or bad news, right?
SPEAKER 03 :
What’s Powell going to base his no decision on in December, right? I don’t know. Now, this is my favorite story, and this doesn’t surprise me. Look, Christmas and the holiday season used to be all about going to the mall, seeing the decorations, Santa Claus, get your picture taken, your kids, the escalators, all the foods. Not anymore. Hiring is really slowing down. It’s like we have Christmas all year with… with the Amazon marketplace, but I do like Target’s new Smile Mandate. The policy called the 10-4 program requires employees within 10 feet of shoppers to smile, make eye contact, and wave. If shoppers come closer within four feet, put on your mask. No, I’m just kidding. It says employees must greet them and initiate a warm, helpful interaction. But really, as a society, I mean, we’re becoming colder and colder and colder and not even acknowledging. So I do like that policy, all right?
SPEAKER 04 :
Yeah, I mean, I wonder how shoppers are going to be.
SPEAKER 03 :
That guy’s smiling at me. What’s he up to? Hey, that girl’s smiling at me.
SPEAKER 04 :
Right, shoppers aren’t used to that. Right, not nowadays.
SPEAKER 03 :
Oil prices plunge. Nothing to smile about there. You know, there has been no sustainable rally in the oil stocks. So all of you who bought part of the Trump trade buying oil stocks, they haven’t done well at all because he’s held oil prices and gasoline prices down. And, you know, there was a rally earlier this week. I saw BP break out. I saw Exxon break out. But every rally in the oil market has been stuffed out. And for that reason, We don’t have and have not had any exposure to the oil and gas sector. The only one we dabbled in was LNG, which is Chenier, which is the largest natural gas company in America. And we backed out of that. And who knows what 2026 will bring. Maybe that will be the hottest sector in the market. But it ain’t there yet, I can tell you that. Now, a couple of companies getting big contracts in Syria. Seriously? Yes. GE Vernova and Siemens Energy, which are both very good companies, are in talks to supply gas turbines to a $7 billion project aiming to rebuild Syria’s war-damaged power sector. Oh, I can only imagine all the blown-up infrastructure over there in Syria, just down the hill from Lebanon there, Damascus, and Egypt. But those are two good companies. Siemens is a German company, S-I-E-G-Y. It’s one that I actually look at every day because it’s a good bellwether, definitely. And GE Vernova we own, which is a big, the nuclear, the power of GE. Yeah, here’s a little stock.
SPEAKER 04 :
Those natural gas turbines. I mean, if you want to ramp up grid and power generation, that’s really the easiest way at this point in time.
SPEAKER 03 :
Nuclear takes several years. Okay, the little hot stock today. This one’s up 10%. Mangoceuticals. Mangoceuticals as they cut a deal with Lilly. And Novo to have direct sales of the weight loss drugs on their site. Mangoceuticals, MGRX, soaring today on that news, which I don’t think is anything that big. But it does show you the fervor around. And Weight Watchers also. Forget the counting the calories and the cards and all this and that. And they’re just going to go directly to the shot in the stomach. and especially the pill. They already have signed a contract with Novo Nordisk. As soon as the pill is out, they’re going to have a big buyer in the company, Weight Watchers, which is just about, I think it’s bankrupt or close to it.
SPEAKER 04 :
It’s had some ups and downs over the years.
SPEAKER 03 :
So has Oprah Winfrey’s weight. She has some ups and downs, too. Anyways, that’s the news on the… The weight loss front. Now, I’ve been talking about the tributaries of the market being the worst places. That’s where the alligators. It’s not only has the water drained out of those tributaries and continues to drain out. Now there’s alligators there. But that doesn’t stop Cathie Wood’s ARC Fund. She’s buying the dip in Circle Internet, which absolutely got slaughtered yesterday. And I’m just going to list the sectors right now that are terrible sectors. Number one, anything crypto-related right now, that’s those tributaries that fill up with water when the market is exuberant, irrationally exuberant, as Chairman Greenspan used to say. They’re not irrationally exuberant anymore, and the water is draining out of there, and you get a toe bit off by an alligator if you remain in those sectors of the market. But that doesn’t stop good old Cathie Wood’s. from backing up the truck and buying the dip and circle internet. That would be the last stock on my list to buy. Number two, the quantum stocks continue to sell off. Those are long-term stocks. They do well in a speculative animal spirits type of market, which has simmered down considerably. And now they’re getting clobbered in that sector of the market. The small nukes, the oclos, the nanos, etc., Not a good place to be right now. And lastly, I would say the AI, the smaller AI stocks. And now it’s starting to spread to the larger AI stocks. They all have huge gains in them, okay? So this is a natural cycle. We’ll be right back.
SPEAKER 06 :
Hit us in a bad place.
SPEAKER 03 :
And I wonder what it’s good for.
SPEAKER 06 :
I’ve been in a red place.
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. Welcome back here to the second half of today’s Best Docs Now show. We need some volunteers, Barry. Waymo launches autonomous freeway rides. Well, you only go five miles an hour in Los Angeles. In San Francisco, Los Angeles, and Phoenix. So I signed Edie up. She’s going to be the first one to get on a 70-mile-per-hour freeway ride without a driver. Just kidding. But that is a big step forward, right? I mean, that’s the whole idea is try to get the autonomous vehicles taking you anywhere. So it is. You know, I still have my doubts there, but Google does make, and Google is Waymo. So don’t forget Google has exposure there. And then Vertical Aerospace receives a permit to fly approval. That’s EVTL. These are also, I mean, these Vertical Aerospace companies, those are way out in the tributaries of the market. Very, very highly speculative. But, you know, a lot of people, including Kathy Woods, have a lot of exposure to those stocks, which may hit it someday or may not. And in the meantime, they fluctuate wildly.
SPEAKER 04 :
Well, as you were talking about at the end of this segment, I was looking at ARK as a great example. I know you added some SARK for us, but if you look at ARKK, that chart, you can see the top. It’s horrible. You can see it kind of come down, kind of down pushing that 80 resistance level now.
SPEAKER 03 :
And here’s the issue I have is… I mean, she keeps doing what she’s always been doing, right? She’s never changed her strategy whatsoever. Like I say, a good technician, I would never buy that circle chart that she bought yesterday. If she just added a good chart reader… You know, I’m for hire if you want to job out me. Before you back up the truck and buy your next one, Vertical Aerospace Company, just run it by me and I’ll look at a chart. Rolls-Royce reported earnings yesterday and reaffirmed. They had a phenomenal quarter. You know, this stock gets overlooked, really. It’s a $129 billion company. They’re building a big plant here in South Carolina in Aiken. They have exposure not only to Boeing and the jet engines and Boeing doubling the size of their plant here in South Carolina, but they have nuclear exposure quite a bit to the nuclear expansion taking place here and in Europe. Their sales were up 16% year over year, and their earnings were up 91%, and that’s pretty good for a large cap stock. And they had some kind of investor day. The data center also, they’re also a big data center stock. They reiterated their forecast. And so that’s all good there. That is one that we continue to own is Rolls-Royce. Now, let’s hold Bob Iger accountable. I don’t know what kind of salary. He’s not getting paid anywhere near the trillion dollars that Musk is supposed to get paid over the next several years. But I’m sure Iger gets paid a pretty penny. And the results that he’s produced have not been very good. If I’m a Disney investor, I wouldn’t be very happy with the results he’s achieved, okay? I mean, look, I put every stock, doesn’t matter who the CEO is, how popular the stock is, whether your grandkids like their products or not, it doesn’t matter. I’m looking at it from an investment point of view. And as I look at Disney, which is a big member of the Dow, it represents the leisure sector, which is a big part of America’s economy, between the streaming and the theme parks and the shows, the movies, etc., that they create. The performance of Disney over the last 10 years, you haven’t even made 1% on the stock, average, 10-year average. 0.83%. Barely nothing. You’ve held the stock for 10 years. You’ve paid absorbent prices for little bags of popcorn at the stands there in the theme parks. You’ve paid absorbent admission prices. Maybe you’ve taken your kids on Disney cruises. You’re writing them a check every month for eight bucks a month for streaming. And you’ve owned the stock. You’ve received nothing during that period of time, Mr. Iger. Why would I ever own the stock and yet? It’s in every portfolio that comes to us from Wall Street. Every one. Maybe there’s been one or two here or there that didn’t own Disney. They owned AT&T instead or Procter & Gamble. Over the last five years, you’ve lost 3% a year, Mr. Iger. Now, it has improved a little bit over the last three years, 7.8% gains. And over the last year to date, the stock is up a whopping 5.2%. And I know, you know, it’s the happy, it’s the magic kingdom. But it hasn’t been the magic kingdom for stock owners, stockholders. And I don’t think… I highly recommend that every investor out there within the sound of my voice or receive my newsletter or whatever, stocks like Disney are free in the app. There’s 500 stocks that are in the app that are free. If you download the app from Apple, Best Stocks Now, on Google, they made me change the name because they wouldn’t let me use the name Best Stocks. and it is called the Gunderson Quant Ratings something. I think that’s the name of the app over there at Android. And by the way, they are ridiculous. They change their agreement all the time, all right? And if you don’t sign that agreement, they take you out of the store without any notice. I get hammered with emails every day, and I’m supposed to know I’ve got to sign and check the box on their new. Google is the absolute worst company I’ve ever done business with in my entire life. They’ve taken me off out of the App Store I don’t know how many times. And then they’ll say, you don’t have a W-2 on file. Yes, I do. You guys are inept over there. They’re totally inept. But anyways, other than that, look up. the performance of the stock that your advisor has you in and say why i mean what is he doing over there what am i paying him or her for to own a stock that has not even produced 1% a year. Well, you could say, well, the next five years. We’ve got it for the next five years. We think there’s a turnaround coming. Well, I have 47% upside potential based on 8% growth, which I don’t think they’re going to achieve, honestly. I don’t think 8% is possible. Let’s look at their most recent quarter here that they reported. Their sales were up 2% year over year. 2%, Bob Iger. Their earnings were down 3% year over year. That’s a horrible quarter. No wonder the stock is getting slammed today. It’s down 8.4%. And one of the big reasons that the Dow is down. It’s a total dog of a stock. They’ve made a lot of missteps over the years. It’s not the company that I grew up with. You know, we lived next to a drive-in theater, and every Friday there would be a long traffic line just before it got dark. Remember drive-in theaters? They were a thing back in the 70s, early 70s. And those station wagons would be packed with families waiting to see the new Disney movie, which would play just after dusk. You know, the sun goes down, it gets dark enough to see. And, of course, you know, we, living in San Diego, we went to the Magic Kingdom all the time in Anaheim when it was fairly reasonably priced, you know. You’ve got to buy a different pass for each of the parks. I still like a day at Disney, but… It’s not the Disney I grew up with. No, it’s not cheap. And the stock is cheap. But it sucks. It’s a horrible stock. And I think I probably am feeling an article coming on. And I know that it will get hit with, I’ll get hit with hate mail. I’ll get hit with bad comments. And they’ll say, well, how can you pass up the dividend yield? Well, the dividend yield is not even 1%. So in other words, the only return you’ve gotten in 10 years is the meager, eiger dividend yield. over the last 10 years that’s just the truth about Disney okay and I just don’t see him even returning to 8% growth and even at 8% growth it doesn’t have very good upside potential okay let’s move on to the next one that will put under the microscope here every The CEO is held accountable here on the Best Stocks Now show. Now, the headline is, Disney beats Q3 profit but misses on revenue. Initiates a 26 and 27 outlook. It’s all I need to know is the stock is down 8.4%. The market is not impressed whatsoever. When we come back, it looks like another dinosaur that I’ve got to talk about. But it’s a little bit better of a dinosaur. This one’s not stuck in the La Brea Tar Pits like Disney stock is. It’s a little friskier. We’ll be right back.
SPEAKER 05 :
One bird in a golden cage on a winter’s day.
SPEAKER 06 :
You’ve got to go where you want to go and do it.
SPEAKER 03 :
Welcome back here to the final segment of today’s Best Stocks Now show. Well, another member of the Dow and widely held stock has also reported earnings here today. Cisco Systems, which was one of the greatest stocks of the tech boom, really the telecom boom. back in the late 90s early 2000s with those cisco routers their sales were up eight percent year over year they’ve basically become a single digit high single digit however not low single digit high single digit which is still not good enough for me as a growth investor their sales were their earnings were up 10 year over year it’s pretty good report And the stock is reacting favorably on a down day in the markets. Cisco’s up 3.9%. But that’s another one that you’re going to find in most large wire house firm portfolios if you have an account with those people, with those folks. Cisco has done better than Disney for sure, but it has had a hard time keeping up with the S&P 500 portfolio. uh… over the last ten years looking at the app and my biggest issue with cisco is i can’t make a five-year valuation that’s attractive enough for me to wake up and say maybe i should get back into cisco at this level the performance over the last ten years while disney’s been just under one percent cisco’s been thirteen point seven is what they have returned on average Versus 23 for the S&P 500. Now, it’s gotten a little better here recently. They’re just kind of tracking the S&P 500 these days. It’s had a good year this year with a good year in tech. Cisco’s up 28.2% so far this year. But I haven’t really… Have you ever heard Cisco… And AI mentioned in the same sentence, maybe somewhere, but I don’t really think they have any really big AI initiatives. I could be wrong.
SPEAKER 04 :
I think Cisco’s probably been trying to put themselves in that conversation, right? And obviously, any time we talk about, you know, quote, unquote, networking, right? I mean, they were the ones on the forefront, right? They were the king. I mean, it’ll be interesting to see how they can, you know, how they’ll, you talked about IBM yesterday in terms of how they’ve kind of, you know, reinvented themselves a little bit or at least focused on, you know, part of the business that they’ve done well at over the years. A couple of the other ones that have been kind of out and about as of late and getting back into the mix was Dell even. Remember? Yeah, Dell, Oracle.
SPEAKER 03 :
Right. But they seem to fizzle out pretty quickly when people realize, yeah, you know what? They’re just nipping at the fringes of the whole AI thing here. My favorite Cisco story, in San Diego we have the Gaslamp District, which is like a couple of blocks of Fifth Avenue. really close to Petco’s ballpark, and that’s where all the restaurants are. And every year, Cisco rents the entire Gaslamp District, two blocks, and only they put red carpet down on Fifth Avenue. I remember going down there one time. I said, I think I’ll grab a bite to eat. I couldn’t get in because I wasn’t a Cisco employee. They had bands playing. It’s quite a party they have. at the expense of the uh shareholders uh no john chamber they got a john chambers statue up there yeah no alonzo horton because it’s a gas lamp but anyways uh you know they rent that whole thing and it’s a private party it’s not like a restaurant it’s the two blocks of downtown san diego that’s gotta cost a pretty penny and then they have big bands playing there and stuff like that so Anyways, okay, there’s a couple others here that I want to bring up. They’re interesting stories to follow here. United States Antimony reports, they outlined $352 million in sales contracts, and they project 2026 production ramp-up. Now, they’re a real player, you know, in rare earth, UAMY. But, again, this is out in the nether reaches of the market. It is currently up $0.07. It’s $7.55. They’re getting their antimony out of Sanders County, Montana. the antimony capital of the world. And the company is headquartered in Dallas, Texas. But it did have a huge run, up to 20. And we’ve gone over the uses for antimony many times. But they’re going to be profitable next year. It looks like 21 cents in earnings versus 3 cents this year. And this quarter that they reported, their sales were up 188%, 10 million versus 3.7 million last year. So they’re definitely, they have antimony in their minds there, and it is a needed product. But it’s a very small, narrow focus, narrowly focused company. You’ve got to keep that in mind too. But interesting to follow. I believe there’s going to be a massive ramp-up. in exploration and hopefully we find some big big deposits i saw another one that i said oh it was the salton sea in southern california which used to be a sea by the way it was an inland saltwater sea and it used to have a lot of fish in it i remember fishing when i was uh younger there for big corvina oh man it was a great but then it got so briny and so salty nothing could live in it Now it’s pretty much dried up. But I have read that there seems to be a correlation. between lithium deposits, salt flats, that kind of thing, to rare earth. So I’m becoming the rare earth analyst here at Gundersen Kappa Management. I just cover rare earth stocks. You’ve got the fertilizer stocks covered, so I gave up my hip boots to you on that one.
SPEAKER 04 :
You don’t want that fertilizer analyst title, I tell you that.
SPEAKER 1 :
No.
SPEAKER 03 :
No, I want to be the restaurant analyst. Try all the restaurants around America. Anyways, let’s see. One more here before we have to go on this Thursday on this Selden News. Oh, Tencent Holdings and Flutter. Well, I want to mention Flutter. Flutter has been trashed. This points out you’ve got to know when to hold them and know when to fold them. I’ll tell you what came along. A disruptor came along, and it was the prediction market. Markets, yeah. What’s that called?
SPEAKER 04 :
IBKR. You’ve got IBKR.
SPEAKER 03 :
No, but there’s a bigger one that’s not publicly traded. Oh, hang on.
SPEAKER 04 :
It’s the one that I go to to get an index of what percentages of what’s happening. Oh, man.
SPEAKER 03 :
And they have totally kicked their butts. Flutter, DraftKings, MGM, all of them. And it’s totally disrupted, which happens, the industry. Anyways, we’ll be back tomorrow, same time, same channel. If you want to get four weeks to the newsletter, go to GundersenCapital.com. If you want to set up an appointment with us, there’s going to be another huge buying opportunity at some point in the future here. Give us a call. Get set up. 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.
