Join professional money manager Bill Gunderson and chartered financial analyst Barry Kite as they dissect the latest market trends in this pressing episode of the Best Stocks Now show. The duo dives into the impacts of the AI narrative on software stocks and the fear-mongering attitudes that have driven market swings. Discover how real estate, financials, and tech stocks are facing challenges and learn about the underlying narratives shaping today’s economic environment.
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 04 :
And welcome to the Tuesday. It’s Tuesday already. It is the Tuesday edition of the Best Stocks Now show with professional money manager Bill Gunderson, president of Gunderson Capital Management. And I’m here with Barry Kider, chartered financial analyst. We have a sloppy open. to the markets today. Weakness in AI, weakness in precious metals. The NASDAQ is down 231 right now. That’s 1%. I want to say the NASDAQ’s got a losing streak of about four weeks in a row. The NASDAQ is sitting at 22,318. The Dow is down 124 to 49,376 after spending some time above 50,000 there for a while. The S&P is down 38 points. That’s about a half a percent. It’s at 6,798. The Russell 2000 down 60 basis points. The silver lining here is certainly not in silver or in the precious metals. There’s some profit taking there today as gold is now down 3%. Silver is down 6.8%. Oil is down 0.5%. The silver lining is the interest rates. The 10-year is clear down at 4.05% today. And Bitcoin remains weak. It’s down 1,400 to 67,049. So welcome to today’s Best Stocks Now show with professional money manager Bill Gunderson. President of Gundersen Capital Management. I’m here with Barry Kite. And there has been a narrative that has been evolving here, and the market has been following that narrative ever since the software stocks started to sell off maybe two months ago, something like that. And that narrative is AI is going to replace all of us, basically you and I and all these companies out here.
SPEAKER 03 :
That was your title of the newsletter.
SPEAKER 04 :
Yeah, that was my title of the newsletter. And, you know, I gave it some thought and I’ve been watching it and there’s a lot of differing opinions on this whole thing. And I just thought back on how many times the market has had it wrong, which is more often than not. wrong about COVID, wrong about the Fed and the interest rates, wrong about the mortgage loans back in 08 and 09, wrong about private credit, wrong about the tariffs. Most of the times it’s wrong. And I have to say that I think the market has it wrong once again, even though it hasn’t played out yet. It continues to play out. And I think what’s going to emerge from this are some really good buys and some of the really, really good stocks that will be enhanced by AI and improved by AI and not hurt or replaced. There’s the word, replaced by AI. And, you know, it’s spread from the software stocks. We talked about this over the last few weeks. It spread to the real estate stocks. It spread to the financials that provide data to the markets. It even spread to the big banks. It spread to Schwab. It spread to Citigroup. It spread to Morgan Stanley. like a virus, right? And eventually it kind of hits everything. Now it’s even hitting the AI stocks. If we’re going to be replaced by AI, you would think the AI stocks would do well. But you can just see how a contagion spreads through the market and runs its course. And yet we’re at the tail end here of an earnings season that began with expectations of 7% growth versus the same quarter last year. We’re going to be somewhere around 13% growth versus the same quarter last year. And we’ve seen compression of the multiple. The multiple ended last Friday at 21.5%. which is the lowest it’s been in a while and being helped along by this contagion and this all of a sudden the lemmings are running off the cliff and jumping into the water which we’ve seen many times before so we’ll let it play out and you say well how will you know when it’s over It shows up in the charts, you know, just like January of 2023 after the Fed went on a tirade with four 75-point rate hikes in a row and the thinking on the street, there’s no end to this inflation. It’s going to crush the markets. The Fed’s going to keep raising rates. And yet in January of 2023, the NASDAQ was putting in a very, very nice bottoming pattern. And it was on January 6th of 2023. I said, it’s over. The sell-off was 2022 was not a good year for the NASDAQ or high PCE stocks. And you saw it in the chart. Saw it in the charts, everything bottoming. I saw some early signs of bottoming late last week in stocks like Palantir, CrowdStrike, Cloudflare, Palo Alto Network, some of those, Adobe. I’m not convinced yet that this contagion has gone through it. And we do have two hedges in place because I kind of saw this coming when the software started to sell off. My hedge of choice during a time like this is a little PSQ. A little bit of PSQ has inversed the NASDAQ. There wasn’t anything that was inversed specifically the software stocks. So I just picked on the NASDAQ, which, you know, software is a big, big component of the NASDAQ. And PSQ, while the NASDAQ’s down almost 1% today, PSQ is up 1%. So that helps during times like this. And I’ll get rid of the PSQ as soon as I start to see that bottom formation being formed. And the reason why I say this isn’t the end of the bull market, which began in 08 and 09, if you look back at the trend of the market, is because the earnings estimates still look good for this year, 2026. And they look very good for next year, 2027. And where will the, you know, if AI is going to replace Adobe and CrowdStrike and Palantir and Zillow and all of these companies, FactSet Research, Citigroup, et cetera, et cetera, Schwab, et cetera, et cetera, it’ll start showing up in the earnings estimates. That’s where it will show up. And so far, it’s not showing up whatsoever. But the market is thinking that it’s going to outfox the market. It’s going to get out in front of it and sell all of these things before it starts to show up. in the earnings estimates, and I think that once again the market has it wrong. And I’m not the only one. As we go through some of the news today, there’s a lot of people weighing in on this current round of the current virus. Yeah, it’s the narrative.
SPEAKER 03 :
I mean, it’s like you said, it’s just – It almost ends up being a self-fulfilling prophecy in terms of the stocks being affected, right? The stock prices of these stocks being affected.
SPEAKER 04 :
Yes, and my mouth is starting to water here, and I’m starting to see… I know that there’s going to be another round of really good buys coming out of this. We’ll call it the… S-A-S virus sweeping through the NASDAQ and through the entire market. It began with the software as a service. And then I said, look, it’s just a matter of time. Like my tomatoes, pretty soon the guy next to the one that got the wilt, he got the wilt. And pretty soon the four with the big healthy tomatoes, they got the wilt. And they were gone in a couple of days, and pretty soon I had no tomato plants left. I had to go buy some plants at Home Depot because I raise everything from seed here. But once that wilt starts, it does spread to the entire tomato crop area. It didn’t hit the string beans. It didn’t hit the peppers at all. It left the peppers alone. I had a nice bumper crop of… I like these pepperdew peppers. You pickle those little red sweet peppers. Man, those are good. Oh, yeah, and they grow well, too. They’re good in salads. This is great country for growing peppers, bell peppers. You know, hot peppers, all kinds of things for making some good salsa, some good hot. I made some hot sauce, homemade hot sauces last year. But the tomatoes got hit by the virus. And I think that this is still sweeping through the NASDAQ. And we’ll continue to watch it and be ready, you know, for some really stunning. Because you’ve got stocks that are down 50%, 60% right now. I mean, eventually it’s the leaders. It hit Microsoft. It hit Palantir. It’s hit them all. But eventually it runs its course.
SPEAKER 03 :
Well, we get Palo Alto tonight, so we’ll see what they have to say.
SPEAKER 04 :
Yeah, that wouldn’t be the first one I’d go back into. But there’s a lot of other ones that are going to be pretty juicy, like them big red tomatoes. We’ll be right back. And welcome back here to the second quarter of today’s Best Stocks Now show. Yeah, so the NASDAQ logged five straight losses, weekly losses. Not by much. I mean, they’re like half a percent, one percent, something like that. And we really have been in a dead flat kind of NASDAQ for quite some time. And in fact, I believe the NASDAQ is slightly negative now for the year 2026. The chart, as I said in my newsletter over the weekend of the NASDAQ, is flat and threatening to roll over, actually. But I think that this contagion will soon pass, and I think that it will not roll over. It may roll over a little bit. But I read this article here by RBC Capital. Isn’t that Royal Bank of Canada, Barry? RBC, I think it is.
SPEAKER 03 :
Yeah, Royal Bank of Canada. It’s actually one of the stronger banks in the world in terms of ratings. Yes.
SPEAKER 04 :
They say a wide array of software stocks continue to tumble in 2026. Of course, now it’s spread to other stocks besides just software, possibly creating a plethora. I like that word. I agree with that word, plethora. That means a lot of attractive entry points for investors. Well, it hasn’t created that yet. possibly creating okay so we’re going to keep our eye on this that will be the most important part of my day today is going through the charts which i do after the show after i’ve done all the news and checked out all the stories then it’s time to observe rbc attempts to calculate where the bottom might be in the recent multiple compression you see there there’s the beauty of the stock market uh… when when stocks sell off The valuations go down. Yeah, it gets better. The dividend yields go up, right? So it’s kind of one of the greatest inventions of all time is the stock market, which was the Dow was 3,500 when I got into it 25 years ago into the business 26 years ago. And now here we are at 50,000. I’d say that’s a pretty good invention. uh that uh has paid off well working out well and they say here’s what rbc says they agree with me now i’ve been saying this uh i started uh mentioning this uh last week maybe two weeks ago fears of artificial intelligence disrupt disruption have severely weighed down the software sector uh In fact, IGV, that’s the one I’ve been talking about, that’s the software ETF, is down more than 20% year-to-date. Can you believe that? Just six weeks into the year? And RBC goes on to say, while we understand concerns about stock-based compensation and believe it is a real expense, we believe the gap… Profit and loss is not the best tool for SAS companies given the mismatch between revenue, which is ratably recognized, and expenses, mostly recognized up front, says RB analyst led by Rishi Jaluria in an investor note. Having said that, Now, you know what? Can’t they just say this in plain English? Giving ongoing terminal value concerns in software, we believe gap earnings could start to build the floor on many software names. In other words, these stocks are getting a lot cheaper as we go. Yes, there is a weird way that software companies recognize their revenue and their expenses, and that is because they have to adhere to GAAP, Generally Accepted Accounting Principles. RBC compiled a list of enterprise software names trading below the S&P 500 multiple. Keep in mind that most of these software names are growing a lot faster than your typical S&P 500 company. Look at this quarter. S&P is up, earnings are up 13.2% versus the same quarter last year. Yet a lot of these software companies are in the 20s and 30s. They bring up Adobe, not one of my favorites, but it’s currently trading at 12.5 times forward earnings. They’re going to start showing up in the relative value portfolio. I’m glad I created that portfolio. It gives me a real spot. for stocks like this. They mentioned Salesforce at 18. They mentioned PagerDuty, PD at 14, Qualisys at 17, Microsoft and Workday, Microsoft at 20, Workday at 21. None of those mentioned are my favorites, Barry. My favorites are elsewhere, but we’ll see. We’re gonna take a look. We’re gonna give everybody a fair shot here as we come out of this thing eventually. And, anyways, that’s what RBC thinks, and I totally agree with that.
SPEAKER 03 :
Well, as you mentioned, too, I mean, you’ve had the market, as you mentioned with the NASDAQ, I mean, you’ve had the market pull back, and you’ve mentioned earnings growth for the quarter has exceeded expectations. And so that’s why you’ve seen that improvement in the multiple as well.
SPEAKER 04 :
Yep, 100%. So, and now it has spread to the wealth managers. The insurance brokers? I guess you won’t need actuarials anymore. You’ll just need a bot sitting in that chair over there where Bob used to sit doing his actuarial calculations. And, you know, it’s spread to small caps. It’s a contagion right now. It’s spread to J.P. Morgan, Bank of America, Citigroup, Barclays, et cetera. And it’s just got to run its course. Okay, other things out there on the horizon. Odds right now are one in four. That’s not very good that the Supreme Court rules in favor of the Trump tariffs. That could come as early as Friday. How long have we been hearing this?
SPEAKER 03 :
It could come this Friday. It’s been going on for a while. I mean, there was a chance we were going to hear it in mid-January, and then, of course, you’ve had… I mean, obviously, they don’t say when they’re going to tackle what case and what the time frame is going to be, but we were thinking it was going to come a little earlier than this, but we’ll see.
SPEAKER 04 :
Yep, we keep waiting for it, and suffice it to say… Wall Street had it wrong when they took the S&P down from 6,300 to 4,800 about a year ago. We’re at about the one-year anniversary. I think I wrote my article on February 17th, somewhere right in there, about, hey, the tariffs. Wall Street has it wrong, and they did. Look, you could have bought the S&P 500 at 4,800. Now it’s 6,800. If you listened to Wall Street, you would have sold everything and hid in a room and not come outside for a year or two. You know, that’s the way they were treating the whole matter. We’ll see how accurate the prediction markets are. Kalshi puts the odds of a court ruling in favor of Trump tariffs at 27%. Polymarket has the odds at 26, so there’s a consistency there. Three out of four people believe, at least they’re putting their money where their mouth is, that the Supreme Court’s going to rule against the Trump tariffs. So we’ll see. Okay, how accurate? The prediction markets, now the betting markets have been around forever. You know how many times I’ve seen a dead-on favorite at the horse races get clobbered and the public had it wrong? Two times out of three, probably, the public has it wrong at the horse races. Anyways, I think they’ve got this whole AI contagion wrong. We’ll be right back. Now, back to the second half of the show.
SPEAKER 07 :
Thank you. Thank you.
SPEAKER 04 :
And welcome back here to the second half of today’s Best Stocks Now show. Well, we’ve also got talks going on. We’re watching oil prices. The U.S. and Iran talk. Iran. Iran. Somebody says, Bill, the I is long. It’s Iran. Talks in Geneva. Where’s that? Geneva. We’ll call it Geneva. Anyways, we’ll see where those go. So far, Iran seems to be pretty emboldened these days. My guess is that Russia and China have told them, we got your back. Don’t be pushed around.
SPEAKER 03 :
my guess yeah temporary closed the the Strait of Hermosa yeah what for you know doing shooting I think they did some naval exercises and shot some missiles into the middle of the street of course so that that closed it for a short period of time and you know obviously if stuff heats up there you’re going to see it you’ll see it in oil prices
SPEAKER 04 :
Well, yeah, that’s a real hot spot in the world right now. Now, we’re going to get some earnings here. Earnings season is not over. I think we’re 75%, 73%, something like that. Palo Alto Networks. Waiting on NVIDIA still. Yeah, they’re last. As you mentioned, Palo Alto Networks. Tomorrow’s going to be Occidental Petroleum. That’s one of Buffett’s favorites. Booking.com, DoorDash. A lot of these stocks have just been hammered recently, including DoorDash, including Booking. Thursday will be Walmart. It’s been pretty resilient lately. Newmont Mining is going to report. Most of your big ones have reported. U.S. stocks are now 40% more expensive than the rest of the world. Okay, that’s a good statistic. That comes from Torsten Slocke, our friend over at Apollo Global. He’s just looking at P-E ratios. And the European market does continue to outperform the U.S. markets. And number one, they are cheaper. Number two, however, they’re much slower growers. Why? Why? Look at our GDP. Our GDP just came in at 5%. Europe is one-tenth of 1%. No wonder our stocks are more expensive. You pay for growth.
SPEAKER 03 :
You pay a higher premium for growth than you do for non-growth. And their stocks haven’t gone up as much if you’re actually French. They’ve gone up when we compare them to us because the dollar has weakened against the euro. And so they’ve gotten a lot of extra tailwind from currency changes as well.
SPEAKER 04 :
Well, they’ve killed all growth in the European economy. The growth is one-tenth, two-tenths of one percent. I saw Rubio. He let them have it in a speech yesterday. right between the eyeballs about their obsession with climate change and regulation, stuff like that. Now, he did get applause at the end of his speech, which was in Germany, I think. The MAG-7 will continue to trail the equal weight S&P this year. You know, I’m on board with that. I think things have spread out a lot. away from uh the uh the apple apple you know some of it’s because those individual stocks are not what they used to be apple is not what it used to be uh we wrote an article last week on microsoft and put a sell rating on it which may sound shocking but that’s what the app That’s what the numbers indicate. And the five-year price target. I mean, the five-year price target. It doesn’t work out anymore. You don’t have the upside now. It had 48% upside potential, which I was shocked when I saw that. I really was. Okay, Meta. What do seeking alpha analysts say about Meta’s future? Well, we were quoted in an article in Seeking Alpha yesterday, Bill Gunderson rating strong buy. and they quoted being mecca is no longer just a large cap technology company it’s a compounding earnings machine with one of the struck the strongest profit margin engines in the market so anyways uh… that’s kind of need to get quoted there uh… in the seeking outfit pays i’m telling you right into three articles a week effective raises your visibility which it should be we should be more visible Because we have a lot to say when Wall Street has it wrong most of the time. Okay, here’s another one. This is Ben Ritchie at Aberdeen, which I believe is Australian. That’s what I think. He says that the indiscriminate sell-off, which I totally agree with, creates buying opportunities and quality stocks. I agree. But they’re not there yet. Maybe today. It might be. We’re going to look at the charts today. I can’t wait to get going. I’m just like a caged lion here today, waiting to get out of my cage and look at these charts.
SPEAKER 03 :
Oh, my goodness. The market was closed yesterday. I know. You’re itching at getting there.
SPEAKER 04 :
By 2 o’clock, 3 o’clock, I was done with doing chores and doing this and that and just dinking around. I have no desire to retire. What would I do? By 2 o’clock, I’m bored. And I have plenty of hobbies. I mean, I got fishing and the water’s too cold right now. I’ve got my garden out here. I planted my tomato seeds indoors yesterday. Hopefully, they don’t get the crud this week. I worked a little bit on my model train set. I just got bored. Okay, Ben Ritchie, head of developed market equities at Aberdeen, believes the current market sell-off has become indiscriminate. That’s right. Anything. Get rid of it.
SPEAKER 03 :
AI’s going to replace it. I guess that’s a nice way of the old adage of throwing the baby out with the bathwater, right?
SPEAKER 07 :
Yeah.
SPEAKER 04 :
At the moment, we think balance is firmly in favor, remaining… Now, listen. There’s two schools of thought here. And we do a little different route. The school of thought at Wedbush and at Aberdeen is to hold on to these through thick or thin. Because he says we think that balance is firmly in favor of remaining and adding to investments. That means you would have had to ridden. Some of these stocks down 50%. I don’t believe in doing that. I think over the years, if anything, I’ve become more of a swing trader, and I’ll tell you why. Because with the information that’s available to us today, the market swings a lot more rapidly. than it used to, and some of these swings can be quite upsetting. I mean, I don’t want to write something down 50% to 60%. I recently looked at several. Especially not if you had a gain in it before. No, no. You know, we sold off three or four kind of at the top. We sold Palantir a long time ago. We sold Micron. Micron. I said, you know what? They went up too far, too fast on the upswing. And I said, I’m going to just take it. It’s not easy to get a 30%, 35%. In some cases, I had a 60% profit. In Micron, I had a 60% short-term profit. That’s the way it goes. I’m not going to hang on to try to get a long-term capital gain. You’re talking only a difference of a little bit. And you risk losing that capital gain. So if anything, I’ve become a little bit more active than I used to be because the market, I think, in the world and information has become way more active. U.S. airlifts a small nuclear reactor for the first time. And I’m going to give you a little update on these small nuclear reactors. The Department of Energy airlifted a small nuclear reactor for the first time as part of the Trump administration’s push for a nuclear energy renaissance in the U.S. Okay. It partnered with Valar Atomics to transport the firm’s Ward 250 reactor aboard a C-17 Globemaster. Is that what we have here in Charleston?
SPEAKER 03 :
C-17, that’s usually the big one. Huge. It’s either a C-15. One of them, both the front and the back of the plane actually can open up. I’m not sure which one.
SPEAKER 04 :
I used to drive by those all the time, March Air Force Base. They’re in the Riverside area, San Bernardino County. Now, the story on the small nuclear reactors, and I talked to, we have probably a dozen. guys and a couple gals in the church that i go to on sunday i’m one of the leaders there in that church and they’re here for the nuclear program and i asked one of the lead guys he’s actually a teacher i said how come you guys have these small modular reactors on aircraft carriers and submarines and how come they’re not the public they’re not he said well because they’re behind the top secret veil curtain that technology is not available to the public. And that’s why I said, well, there’s got to be guys that went through nuclear school and maybe commanded a battleship that was run by, that knows where the parts and how it, no, he says, you know what? It’s a lot more top secret than you would think. And it’s going to take the public a while to figure it out because, you know, I was shocked when I saw, oclo not oclo smr may not have a product until 2034 right and that’s why because it remains between behind a top secret veil we’ll be right back
SPEAKER 06 :
And welcome back here to the final segment of today’s Best Stocks Now show. Michael Saylor’s strategy says it can weather a Bitcoin drop to $8,000.
SPEAKER 1 :
I don’t know if…
SPEAKER 04 :
The holders of Bitcoin, the investors in Bitcoin, can weather something like that. But he says that he can cover the debt. You know, he’s borrowed. That’s his strategy. He’s borrowed like crazy, floated bonds, whatever, to buy Bitcoin. That’s basically the strategy of MSTR. The stock is down 60%, 60%. Over the past 12 months, the company holds more Bitcoin than any other publicly traded company. It’s accumulated 714,644 Bitcoin worth roughly $49.3 billion. Okay, I’m just putting that into perspective there for you.
SPEAKER 03 :
And they stake them, too. So, you know, they do have some. I mean, most of the revenue I think they get, they use to buy more Bitcoin. But, you know, they do get some revenue from staking the Bitcoins, right, where folks, where, you know, people will… Essentially, they’re getting interest on their deposited Bitcoin. But that 3% to 5% doesn’t go very far when Bitcoin’s down, what, almost 50%?
SPEAKER 04 :
Yeah, 50% almost from its recent high. Now, here’s the one that caught my eye. Capital Economics says that China’s recent gold trading frenzy appears more like a speculative bubble. than a typical flight to safe haven assets well that’s this article i think is uh… more than likely impacting uh… gold and silver today so china obviously i i don’t know how many months in a row they’ve been accumulating gold for i think twelve or thirteen months in a row And they’re pairing their holdings of U.S. debt. And they’re buying more gold. I guess they watch the gold commercials on TV, too.
SPEAKER 03 :
They’ve watched what’s happened to Russia whenever they had sanctions put on. And so, of course, the ruble and, you know. And of course, you know, they couldn’t have any dollar investments and other things. And so I think China sees that and they’re like, hey, if we ever want to, you know, if we ever want to make Taiwan part of us again, then we better start getting some other currency in the country.
SPEAKER 04 :
Yes. Hey, could someone tell AOC where Taiwan is? Did you see her yesterday? Oh, my gosh.
SPEAKER 03 :
What happened?
SPEAKER 04 :
Watch it on YouTube. Someone asked her a question about Taiwan. She was at this big thing in Germany yesterday. You had Rubio talking. You had Gavin Newsom over there talking. You had AOC. You had Whitmer, the governor of Michigan, talking. And poor AOC just made a fool of herself trying to speak about Taiwan. I mean, it was a worse word salad than I’ve ever heard in my life. Okay. So, well, they point to China’s use of leverage and futures trading to gain exposure to gold. I guess their strategy is much like Michael Saylor’s strategy at MicroStrategy, only they’re buying a tangible asset in gold. Saylor’s buying an experimental currency. We’ll find out. So far, it’s not looking too good as far as a flight to safety.
SPEAKER 03 :
I like that way to put it, Bill. It’s an experimental currency. It really is. You might want to coin that phrase, literally.
SPEAKER 04 :
I mean, look, when you see gold in the Bible, I mean, 3,000 years before Christ they were using gold. I would say it’s past the experimental stage, right? How much gold did he pay to get Rachel as his wife? You know, they sent over a bunch of gold. She must have been some hot babe, I guess. Anyways, I just don’t know that she would have taken Bitcoin, Abraham’s servant. Hey, take over this Bitcoin wallet and see if Rachel will come with you. Okay, space. Now, listen, Tesla is a conundrum. The stock Tesla is a conundrum. On the one hand, the car business ain’t so great. The demand for electric cars has really dropped. And, of course, himself, he’s dropped. He lost a lot of his loyal following with his whole foray into government and, you know, the whole doge and everything like that. But when you invest in Tesla, when you invest in SpaceX or whatever, you’re investing in Elon Musk. Therein lies the conundrum, right? Look at SpaceX. They’re going to compete in the Pentagon contest for autonomous drone technology. And really that’s the coming thing in warfare is going to be swarms of intelligent drones speaking to each other with AI. So he’s one of the few companies. Look at how many irons in the fire that Musk has. It’s just incredible. And it’s pretty hard to bet against the guy, even though on the surface, Tesla stock. He’s losing market share, but you just have to look at it. It’s more than just an automobile. It’s not Ford. It’s not GM. It’s Tesla with Elon Musk behind it. So anyways, again, you have to look at Tesla, the big picture, I think, as opposed to just the car sales. Okay, well, we are out of time. Apple sell-off unwarranted, says Wedbush. Now, of course, their strategy is to ride through the sell-offs. I think there’s been structural changes at both Apple and Microsoft, which I can’t ever see them being in the premier growth portfolios again. They’re not those premier growth stocks anymore. The growth has slowed down, which is just the natural course of large stocks. Have they become soggy? They’re headed in that direction, but they’re not Procter & Gamble or Coca-Cola yet. But I would just say that they’ve peaked.
SPEAKER 03 :
And the earnings growth. I think the earnings growth has peaked, right, in terms of these double-digit earnings. And these companies are much, much bigger now, and it’s hard to grow double-digit.
SPEAKER 04 :
And, you know, I read the comments, oh, I still believe in Microsoft. It’s going to grow 15% a year. I don’t think so. Not anymore. It’s better days are behind us. Okay, well, we’re out of time. I’ll be very busy today. Doors locked, locked in, game face on, looking at charts. Now, to get a four-week trial to the newsletter, GundersonCapital.com, to talk to us about money management. Set up an appointment with us. 855-611-BEST. 855-611-BEST. And Houston, here we come. A week from today, we’ll be there. Have a great day, everybody.
