In this episode of the Best Stocks Now show, Bill Gunderson delves into pressing market trends, highlighting the significance of a possible December rate cut and its implications. With Barry Kite, the discussion pivots to historical comparisons with previous Christmases, noting the potential for the market to surprise or disappoint investors, drawing upon Jerome Powell’s past actions. The conversation also touches on global financial influences, emphasizing the interconnected nature of today’s economy. From Japan’s unexpected impact on global interest rates to geopolitical tensions in Asia, the dialogue offers a comprehensive look at external factors shaping the market outlook. Throughout,
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 Monday, December the 8th. Let’s see, that means 26 shopping days until Christmas. Edition of the Best Stocks Now show with professional money manager Bill Gunnarsson, president of Gunnarsson Capital Management, a fee-based only nationwide registered advisory firm and financial planning firm. And I’m here with Barry Kite, our chartered financial analyst. You know, the market spent last week building in a rate cut. Now it’s going to sit here and wait and twiddle its thumbs until Wednesday. The rumor is we’ll get a rate cut. And if we don’t get one, then the Grinch stole Christmas once again in the form of Jerome Powell. Right now, the Dow is down 100 points. 47,854. The NASDAQ is up 33. Little action in the chip stocks today. We’ll get to that. NASDAQ’s at 23,615. S&P is about flat, down five points right now to 68.65. We’ve got the Russell 2000 small cap index down today. Actually, now it’s up 10 points. The bond market, 4.15%. That’s too high in my book. I think interest rates need to come down more. Gold is down just a skosh. Bitcoin is rallying just a little bit. It’s up 2,600 to begin a new week. So welcome to today’s Best Stocks Now show. with professional money manager bill gunnarsson president of gunnarsson capital management and i’m here with barry kite our chartered financial analyst i believe it was 2019 oh we were all in a festive mood you know the the candles were the chimney with care the cookies were set by the chimney with care and End of 2018. Yeah, yeah. Was that when it was?
SPEAKER 04 :
Going into 2019 ended up being a great year. But, yeah, 2018 is that 20% bear market at the end.
SPEAKER 03 :
Yeah, and Christmas Eve, the Dow was down 1,000 points. And, you know, Jerome Powell left a lump of coal, you know, in our stockings and a bah humbug. Let’s just hope he doesn’t do it again. He has not really said much since the last meeting when he said, don’t be counting on a December rate cut. And I haven’t really heard him change that stance at all. Of course, he’s got a whole board there, FOMC committee.
SPEAKER 04 :
That will vote on it. Yeah, I mean, the Grinch, I don’t know if he’ll make an appearance, but he made an appearance in the newsletter, in your newsletter this weekend.
SPEAKER 03 :
Yes, I did say, will he do it again? You know, he did it in 2018. Will he do it again? He’s on his way out in 2026. And I would just say that the market would not be too happy. if the Fed were not to deliver that quarter point rate cut. So I think there’s just a little bit of risk going into Wednesday. I’m going to keep some hedges in place just in case. We closed out the week on kind of a dull note, but like I say, I think the last two weeks the market was building in a rate cut. That’s the rumor. The news will come out on Wednesday, and we’ll see how they react to the news, depending what it is. And I think the market aggressively built in a rate cut over the last couple weeks. Now, we begin the week. To me, this is the key number. It’s not where the S&P 500 is. It’s not where the NASDAQ is. It’s that forward PE ratio of the S&P 500, which I think is going to be a ceiling for the market. We’re at 22.61 as we begin a new week. The five-year average is 20. And 23 has been the top recently. So we don’t have a lot of room to maneuver. We’ll see if we get back to that 23 level and how the market reacts if and when we do. But we begin the new week at 22.61. That’s the number I look at every day. That’s the forward PE ratio. That’s the current price of the S&P 500 divided by the earnings estimates over the next 12 months. And you get a forward PE ratio. And again, I’ve showed a chart of that thing, and the five-year high is 23. We got to 23 recently, just a bit over it. And the market went through a pretty steep correction, especially Bitcoin. Bitcoin went through a 35% correction recently. went into a bear market. And the other indexes were down about 5%, 5.5% during that time period when he said, I don’t think we’ll get any more rate cuts this year. Don’t count on one in December. And we hit that 23 level. So those are a couple of big barriers sitting out there. Kevin Hassett, who supposedly will be the guy He’s going to be Santa’s helper that will take over, hopefully, next year when the Grinch’s time is up. Hassett sees a 25 basis point rate cut. Now, he has no say in that. He’s obviously jawboning, good old Jerome Powell, and he backs Besson’s proposal on Fed governance. Now, I didn’t know this. Most of the Fed governors don’t even live in the area where they’re a Fed governor. Right, yeah. They’re all in Washington and New York, and Besson wants them to at least have lived in their district that they represent, whether it’s Minneapolis. uh st louis uh blard uh others uh he wants them to at least live there for three years and know what the economy is like in their neck of the woods i mean that’s the whole point of having fed governors around the country right barry yeah i mean we talk about it all the time you and me boots on the ground right when i mean yeah last week uh last weekend for you you said that the uh shopping was up and yeah it was because i’d
SPEAKER 04 :
Probably drove around the parking lot a bunch while the women in my life wouldn’t go shopping.
SPEAKER 05 :
Yeah, yeah.
SPEAKER 04 :
I never found a spot. I just kept going in circles. Finally picked them up after they got a couple of deals.
SPEAKER 03 :
My father used to drop the women off at the mall next to Santa Anita racetrack. And he’d head over to the track and bet some horses trying to make some Christmas money to make the holiday season a little merrier.
SPEAKER 04 :
You get some coming in the front door and some other going out the back door.
SPEAKER 03 :
Yeah, he was not a bad gambler, though. He would come out of there, hey, I made $600 today. That was a lot of money back then. Now, here’s what Besant said. He said, and this makes no sense at all, he says most of the people that get to vote on the interest rates are the people who live in Washington and the people who live in New York. He said, we need to change that. I mean, that’s not going to change overnight, but over time. The St. Louis Fed guy should live in St. Louis for at least three years, and the Minneapolis guy. At least in the region. Yeah, at least in the region, right? Yeah. Okay, so I’m totally on board with Besson on that. Okay, so that’s where the focus is going to be. Now we have a few more hot spots in the world that I always bring up when a new one rears its ugly head. Thailand launched airstrikes on Cambodia. As Trump backed ceasefire collapses. Now, I didn’t even know that these two were going at it. But it’s a border war. It’s an argument over where the line is. And, you know, you never like to see that. But that falls under the wars and rumors of war category. of our of our show on a daily basis and of course uh you know uh putin said you know why don’t you just give us the rest of the donbass region ukraine we control 80 of it now if you don’t give it to us we’ll take it by force japan’s gdp contracts sharply to a 0.6 per contraction Normal wages jumped 2.6, more than normal. And you know what? That’s an untold story. That’s an underneath-the-surface story of how much Japan’s interest rates have gone up this year. And they continue to rise. They bolted higher last week. And the reason that’s important… When Japan’s rates bolted higher, so did the rest of the world. That’s why we’re at 4.15 right now. Germany bolted higher. Italy bolted higher. Greece, Brazil. A world recession could be brought about by Japan, which has a major influence on the global economy.
SPEAKER 04 :
Right, and the reason being is Japan has had low interest rates for almost 0% interest rates for essentially 25 years.
SPEAKER 03 :
They had negative rates recently.
SPEAKER 04 :
Yeah, and so the carry trade, you borrow in yen, and then you invest by dollars or other dollar-denominated assets or other assets of the world. And so as interest rates go up in Japan, well, that happens. That money flows back to Japan because it’s earning some interest there. Also, usually interest differential will push the yen up. So it’s a big deal.
SPEAKER 03 :
And it’s now another major hotspot in the world as Chinese fighter aircraft buzzed Japan military jets and pointed their radar at them for the first time. So keep your eye on Japan in 2026. When we come back, Oppenheimer has a very lofty target price for next year. We’ll take a look at that when we come back. And welcome back here to the second quarter of today’s Best Docs Now show. I would say over the last couple of years, I’ve probably had 50 or more, maybe even 100, somewhere between 50 and 100. companies approach me, Barry, or reach out or reach out through my representatives to buy me out, right, and for me to go to work for them. And one of those was Oppenheimer in New York City. I was kind of flattered, you know, hey, Oppenheimer is a big firm. And I had a one-hour Zoom with the CEO of Oppenheimer. uh and they offered me quite exciting bonus to come on board with them and things were going swimmingly until they said but we manage the money here we don’t let you i mean we’ve got our own people and that for me it’s just you know then i don’t want to come to work tomorrow if if i this is what i enjoy i like doing it all i like doing the radio show i like uh I invented my Best Stocks Now app. And you’ve got your way of doing it. I have my way of doing it, and they have their way of doing it. And when I look at their target price for next year, I can see I don’t really agree with their way of doing it. Okay, their target price for the end of next year is $8,100. I go, how in the world do they get to that? Well… They’re taking the same consensus earnings that everybody else is out there, around $305 for 2026, $305 for 2026 per share, which would be a record. You’ve got to remember we were at $60 per share back in 2009 before this all began, and they’re multiplying that by 26.5. A forward P.E. ratio of 26.5. Well, we haven’t seen a forward P.E. ratio of 26.5 ever. I mean, maybe back in 2000 we did. Now, the P.E. ratio, yes, is 26.5, but not the forward P.E. ratio. And that gets them to a target price of $8,100. Me, I’m using a multiple or forward PE ratio of 22, which, look, the five-year average has been 20. How do you use, how do you justify, in their case, and I’m sure they would call and argue with me and back up their point of view, they’re using 26.5%. So if you take $305 per share in earnings and multiply it by 26.5, you get a target price next year, 12 months from now, of $8,100, which is 14% upside potential. I’m way below that. The average target price out there on the S&P 500, is lower than that. And most people, I would say, are in the 7,500 range. But, okay, they’re at 8,100. And I’ve always said, choose your gurus wisely. I think Oppenheimer, from my book, is better than most. They’re not the kind of guys or gals that are out there buying these big, soggy stocks of yesteryear. But I don’t really like their math on their target price. That’s just me. Now, last week it was Broadcom getting good news being linked in with Google on those meta chips, right? And, of course, Google had a very good week because now Google, or it’s had a good two weeks because Google is now in the AI chip business. But Google does not make chips. They design chips. Who’s going to make the chips? Broadcom. And so that was a huge win for Broadcom, being Google’s partner in making billions of dollars worth of chips for Meta. Well, this week… It’s Microsoft discussing custom chips, not with NVIDIA, but with Broadcom. So there’s another win for Broadcom. Microsoft is reportedly discussing plans to co-design custom chips with Broadcom. to meet growing demand amid intensifying competition in the AI space. And we’ve always said that eventually NVIDIA’s biggest hurdle that they’ll eventually face is competition coming in. And the race is on. There’s no question about it. I see that Baidu in China is going to spin off their AI chip division. They’re in the race. They call it the Chinese NVIDIA. It’s not public here in the U.S., but it’s raising their little dragons that they call yes it’s raising money big time back in china and you’ve got alibaba with their own ai chip that they’re developing eventually it’s just you know it’s inevitable just like tesla couldn’t hold the ev market in the world forever now he’s faces a lot of competition so Broadcom today, AVGO, which we have a big position in, AVGO is up 2.1%, but it’s hitting an all-time high, and it’s closing in on $2 trillion now. It’s at $1.89 trillion. And I don’t think you can count out AMD either in the chip race. For me… One of the big winners is ASM Lithography, ASML, because it doesn’t matter if… They don’t have much competition. Well, all roads lead through ASML’s equipment for making the chips, and a few other smaller players that are involved with ASML.
SPEAKER 04 :
What was that small one that we used to own? I think it was in either Ultra Growth or Emerging Growth. I thought it was out of California. It was like a little… It’s a little chip maker, too. I’m trying to remember them.
SPEAKER 03 :
Well, we own Coherent, which makes a lot of the lasers involved in making those chips. Yes, but we have owned other chip stocks that are. on the outskirts of town of ASML, because ASML needs other contractors to do some of the other equipment involved. And another beneficiary, because it’s associated with all the AI chips, are the memory chip makers. and that would be a micron and samsung samsung is not really investable though you look at a chart of samsung it’s very weird i mean institutions aren’t really able to get in there and buy and especially little uh individual investors samsung is really not a tradable uh viable stock at all And the third one is SanDisk, which has had a good run. And I want to say SanDisk recently went into the S&P 500 after coming public again. It went private there for quite some time. So there’s a big win for Broadcom to begin the new week. And the drama goes on in Hollywood where Trump weighs in and says, I don’t know about that Netflix Warner Brothers deal. He says that gives them a lot of market share. So we don’t know if that would get by the scrutiny of antitrust. But you also have a third player in there, this Skydance, which is paramount. They’re doing a hostile bid. They’re not giving up. Even though Time Warner chose Netflix, they were the highest bidder, this thing is far from over. We’ll just have to see where it ends up. Hollywood is being reimagined and being disrupted by the streamers. 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. and welcome back here to the uh second uh half of today’s best stocks now so well you know elon musk was raising money for spacex and it was in the news that It was reported that he was doing it at an $800 billion valuation, just shy of a trillion. And he rebutted that. He came back and said, no, that’s not the correct value. So meaning it’s not that high. He also said that NASA is only about 5% of our business, whereas others were saying it was going to be a huge portion of the business. But that doesn’t keep Kathy Wood from saying SpaceX’s valuation will be $2.5 trillion by 2030. Well, let’s see, 26, 27, 28, 20. That’s just four years from now, Barry. And he says it, so she sees it quadrupling. Now, she has exposure to… SpaceX, which is a private company. They were also saying that it’s the most valuable private company out there if it’s worth $800 billion. And Musk says it’s not. I would say the most valuable private company right now is OpenAI. uh… but in any way that’s great for me and tropics gotta be up there on the man yes and so she’s another one i don’t agree with too often uh… especially at two point five try course it’s in her best interest she owns a spacex and her art they are cake a fun uh… there’s been a little pressure on you like lily some people been asking me about what they’ve been lowering their price recently I think it’s a good thing because I think the addressable market out there is enormous, pardon the pun, and I think that the price is a bit of a barrier to a lot of people. So they lowered their price on the starting 2.5 milligram vial to $299 per month. It used to be $349. So they basically lowered their price on the doses, and they made the deal with Trump to make it available on Medicare, which is a huge win. But the prices had to come down a little bit, and I don’t really see that. I just see it increasing their market share and getting it out there more and more and more and making it more accessible. to more people. That’s the way I look at it. So, you know, look, these stocks, Lilly’s gone through a lot of sell-offs. And then it hit a trillion about two months ago, a month ago, shortly after my article there that it’s going to be the first trillion-dollar drug company. I actually said that two years ago. And boom, it did hit a trillion. Now it’s backed off. It’s not a trillion anymore. But I am still very bullish on They’ve disrupted the entire diet industry, which is a huge, huge industry. They’ve totally disrupted it. Who wants to go to a meeting every Wednesday night or whatever and count calories or keep report cards on everything that they put in their body when a shot in the stomach once a month… Okay, so that’s just the way I see it.
SPEAKER 04 :
Yeah, forget a cheat day. I mean, just cheat with the shot, right?
SPEAKER 03 :
Yes, and I will just say that your grocery bill will go down considerably, and going out to dinner and all this and that, you get full a lot faster. You still enjoy what you’re having, but, you know, you’re not going to eat all these enormous portions. You can’t do it. You know, you reach a point where I’m full. quicker than you did before. Chernobyl’s radiation shield has been damaged by drone strikes. There’s your scary story of the day. You know, they built a shield around Chernobyl to contain the leaking radiation, and it got hit by a drone strike, and now that shield has been compromised.
SPEAKER 04 :
uh… so that’s not a good thing that’s that’s what scared me the most about this whole thing and i was trying to go back in history and i don’t know if this has happened i don’t know if we’ve really had a war that’s occurred around around nuclear power plants right well you know we’re going to go back in history and it’s pretty seems like it’d be easy to happen the same thought has occurred to me as we ramp up nuclear energy they become a target for rogue nations and uh…
SPEAKER 03 :
terrorists. I mean, what could be worse than spreading radiation throughout America? So I would just say that I hope all of this nuclear expansion comes with heavy, heavy security. to protect those things from such a horrible, horrible accident that could occur.
SPEAKER 04 :
Every new nuclear power plant comes with a Patriot missile battery, I guess, right?
SPEAKER 03 :
Man, I’ll tell you what, that’s just a scary thought. And, you know, I mean… Russia, I’m sure, there are a lot more lacks about all of this than they were. But I remember when that first happened and it was the cloud, the nuclear, the radiation cloud hit Sweden and it was going around the world. That was a scary time.
SPEAKER 04 :
There’s a documentary, not a documentary, but it’s a series about, you know, It came out in recent years, I believe, on HBO about Chernobyl. And it was a really good – it was a good – for somebody who was only – I was in the early 80s, right? And I was a young kid at the time. So it was interesting to catch back up and see how – you know, see what it was about. Yeah.
SPEAKER 03 :
Oh, the people that lived in the vicinity. It wasn’t good. And – Now, you know, Japan also, they shut down all of theirs after that Fukushima, but they’re firing up theirs again. So there’s going to be radiation risk. That’s the risk that comes along with nuclear energy. How’s those iodine prices? Yeah. Earnings week ahead. Adobe, GameStop, Oracle, Broadcom, and Costco. I’ve noticed how weak Costco’s stock has been recently. Yeah. Oracle stock has been weak. There’s a lot of people that say they paid too much to get in on the AI game. Adobe’s been very weak. They’re deemed as one of the losers in AI. And that’s another thing. I mean, the billions that we’re throwing at AI and the resources we’re throwing, what’s the ultimate goal? outcome of all of this we seem to be all in as a world as a global uh community and as a nation and just spending unlimited amounts of money on ai what’s the ultimate goal to lose your job to an ai robot i don’t know but we’re all in on it and uh i don’t know sometimes i think is this our tower of babel i don’t know it’s just there’s some scary thoughts that go along with ai
SPEAKER 04 :
OpenAI’s amount of money, basically the amount of stuff they have to do, is a lot.
SPEAKER 03 :
And the energy that it consumes is alarming, and the resources we’re committing to it. So anyways, there’s still pretty important earnings reports ahead here this week, along with Wednesday. What happens Wednesday? The Fed decision will be announced. Is it Wednesday or Thursday? Yeah, Wednesday. So they start meeting tomorrow. That’s right. And then Thursday is usually his press conference, or do you think he does that after the announcement?
SPEAKER 04 :
Usually it’s going to be 2 o’clock. Yeah, usually 2 o’clock, I think, is the announcement, and around 2.30 is usually the meeting or usually the speaking engagement. So all eyes will be watching.
SPEAKER 03 :
This will be really the last really heavy week of the year with economic reports and earnings reports. Okay, now we’ve got a big winner in the biotech patch, sickle cell anemia, fulcrum therapeutics, F-U-L-C. I would say this has been a pretty good year for the biotech industry. Mostly it’s been buyouts, though, not new drugs. Mostly it’s been consolidation and big drug companies buying up promising biotechs to stuff their pipeline. But Fulcrum is the stock of the day right now, F-U-L-C. On this news, it was up 72% last time I looked. Now it’s up 67%. It’s a smaller one, but another winner there in the biotech patch. It’s really a dangerous game to play, buying a few individual biotechs. But then I look at the biotech ETF is up like 8% or 9% so far this year. So it’s a hard sector to play, to invest in. Carvana is going into the S&P 500. That’s kind of surprising there. I’m not a big fan of Carvana, but it seems to be a meme stock. They seem to like that stock, the meme players. It’s kind of replaced GameStop as the one. And then the other one is CRH, which is a cement. I believe that’s a cement company, CRH, going into the S&P 500. Yardini turns less bullish on the Magnificent 7 as the growth moderates. I think I would be on board with that. You know, I don’t think you’re going to see the same leadership stocks. You’re not going to see the torrid runs in Palantir and NVIDIA and CrowdStrike and the others that you saw this year. I do think the market will spread out a little bit more in 2026. We’ll be right back.
SPEAKER 1 :
I want to go and do what you want to do with it.
SPEAKER 03 :
And welcome back here to the final segment of today’s Best Stocks Now show. I think another big story in 2026 that we’re going to have to watch very, very closely is the jobs picture. UBS may implement up to 10,000 additional job cuts by 2027. And while we’re arming AI and we’re in the AI race, there’s going to be a lot of jobs lost.
SPEAKER 04 :
The AI agents are coming.
SPEAKER 03 :
Yes, the AI agents are coming. And they’re knocking at your door with pink slips. We’ve replaced you. You know, we don’t need benefits. We don’t need health care. We don’t need paid vacation and all this and that. We don’t need brains. Are we digging our grave with this AI? I don’t know. But we have to be very – the recession will start. We haven’t had one since 2008. It will start with layoffs and initial jobless claims increasing, and we will continue to watch that very closely. Now, the most recent initial jobless claims report was under 200,000, which is extremely low. So right now there’s absolutely no signs out there. Although we have seen some increasing layoffs, and we did see the unemployment number move up to 4.6% recently. So that’s something we’ve got to watch. I think another one for me, another hot spot, as I was doing my newsletter on Saturday, I saw breaking news that another one of these private credit firms, a big one, was in big trouble. And they had to like, well, you can’t get, there’s no liquidity right now because a lot of these loans that we own underneath are not performing and we’re in trouble. I can’t remember the name of it, but it was one of the big providers of private credit. Now that has not stopped. They are going full speed ahead with this. Invesco, which is a big, big company, I believe out of Denver. They announced a strategic partnership with the alternative investing specialist, LGT Capital, to develop multi-alternative private market solutions, which I am not a fan of. Now, I said all through 2007, 2008, that this whole mortgage thing is not going to end up well. And it put us into recession, and it caused a 53% sell-off in the S&P 500. I think that the next big recession, the biggest risk to our financial markets right now is this swelling in this private credit garbage, gobbledygook mess. that i wouldn’t touch with the twenty seven foot pole and they’re not the only ones jeffries is acquiring a fifty percent interest in hildene holding company the parent of credit focused asset manager hildene capital management there are alternative asset manager focused on credit investing with eighteen billion dollars under management And once again, you could call it whatever you want. It’s private credit. It’s loaning money to smaller individuals that can’t get it through the normal channels. You’re taking on that risk. They’re offloading the risk, the people that are selling this garbage to you. And they’re telling you, where else can you get double-digit returns? That’s what Bernie Madoff was selling, double-digit returns, 12% a year. You get 1% a month no matter what. I’m not saying it’s a Ponzi scheme. I’m saying the risk is off the charts. When we see a bond offering over 6%, you’re stepping into deep doo-doo. Yes, you’re stepping into deep water. Double digit returns? Wait a minute. Now you’re getting out there on a limb that’s going to snap at some point in time. No question about it. So that would be my other prediction in 2026 is to not only watch the jobs market, but watch this mushrooming of private credit and private equity, too, by individual investors. I’m totally against that. CoreWeave to raise $2 billion via convertible senior notes offering. That’s another bit of a red flag is these big tech AI companies going to the debt well to tap. We’ve seen several of them do it. Meta floated bonds recently. Somebody else, a few others floated bonds. And now these little guys like Corweave, $2 billion convertible senior notes offering.
SPEAKER 04 :
Didn’t we look at an Oracle?
SPEAKER 03 :
Oracle.
SPEAKER 04 :
Might have been Oracle.
SPEAKER 03 :
Would you buy a convertible bond from Corweave? I’d have a very difficult time with that.
SPEAKER 04 :
Yeah, I mean, the thing is, if it works out well, it’ll trade like a stock, right?
SPEAKER 03 :
Pretty much.
SPEAKER 04 :
And so in that sense, it’s like, why not just buy the stock, right? In this sense, the convertible bond on Corweave, I mean, the problem is you’re going to… You may have more dilution down the road because there obviously seems like they want to continue to raise capital.
SPEAKER 03 :
Yes, and when they convert it to stock, if they do, that just dilutes the earnings of the company and the current shareholders. And then lastly, so here’s what you get. 9.65, here’s the bond, 9.625. Now, this is a tiny little gap. gray media that’s the name of it tiny little media company that’s what the credit quality is when you get up to that level and i just don’t want to be have any part of that that’s called greed that’s like buying the high yield stocks oh look i’m getting it and he’s back he’s pumping that stuff every day it’s the trending article on seeking alpha The high yield guy. Retire on the 8.9% dividend. Live off the dividends. The problem is there’s two parts of that. There’s also the stock that underlies those dividends. And if the stock goes down, that offsets the dividend yield. It’s all about total return. We’re out of time. If you’d like to get four weeks of the newsletter, see where we’re at in the markets right now, see what we own in the markets right now as we get ready to begin a new year, you get four free weeks at GundersenCapital.com. If you’re ready to talk to us, we’ve had so many people write to us recently, Barry, and say, you know, I’d like to talk to you guys. I’m not happy with my money manager or I’m getting ready to retire or blah, blah, blah. And you can set up an appointment with us. Call us at 855-611-BEST. Talk to Edie. She’ll find a time when you can talk to Barry or Jeff. 855-611-BEST or GundersonCapital.com. It’s going to be a crazy week this week. Brace yourself for Wednesday. See you tomorrow.
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.
