Join professional money manager Bill Gunderson and chartered financial analyst Barry Kite as they delve into a dynamic market landscape in the latest episode of the Best Stocks Now show. Against the backdrop of fluctuating tech and AI stocks, Gunderson navigates the complexities of market divisions, discussing significant profits in the ever-evolving semiconductor industry and the steady performance of the energy sector. This episode offers listeners an in-depth analysis of market trends and predicts upcoming shifts on the horizon. Listeners will engage with critical discussions surrounding global financial events and the implications of new legislative measures, such as the
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 Gunderson Capital Management. Here is professional money manager Bill Gunderson.
SPEAKER 04 :
And welcome to the Tuesday morning. It’s Tuesday. It is the April 28th edition of the Best Stocks Now show with professional money manager Bill Gunderson. And I’m here with Barry Kite, our chartered financial analyst. We’ve got a split market here today, Barry. We’ve got a division taking place. We’ve got some heavy profit going on right now in the tech AI semiconductor chip space. But man, what can I say? It’s been on a scorching run here. And that’s going to happen from time to time. I’ve watched it many times over the 25 years I’ve been a money manager. And on the other hand, there’s some pretty good action in the energy patch, the oil patch. Not much else. Some of the inverse funds like SARC are doing well. but overall right now we have the dow let me refresh my screen here because it’s moving as we speak the dow right now is uh up just a little bit uh the dow is up uh 0.21%. Actually, it’s only at 41 points right now. The NASDAQ has actually come back a little bit. It’s down 170 right now. It was down almost 280 just a minute ago. The S&P is down 42 basis points. Gold is down 105 to 4588. Gold has really lost its luster here. I’m glad we cashed in for some pretty big profits in gold a while back. And in the meantime, oil, the most important commodity in the world right now is oil. And oil prices right now are up 3.3% to actually 2.9% to $99.12 today only. 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. And we’re talking Best Stocks Now. And we’re talking a heck of a lot of world events taking place in the world right now. Everywhere from the Middle East. the Straits of Hormuz to the Poconos and down to the Hamptons and down to the tip of Florida and over to the Gulf of California and everywhere in between. We live in a very active world right now. And, you know, it makes it a little harder being a money manager. But then again, Barry, it’s always been an active world. Over the last 25 years, I don’t know that we’ve had many quiet days along the way.
SPEAKER 03 :
Yeah, it fills the show up with content. Put it that way.
SPEAKER 04 :
There’s definitely plenty to talk about. You know me. I never run out of things to talk about. And some people, hey, Bill, quit talking. I have so many things rolling around in my mind. Well, let’s go back to where we ended yesterday. It was a fairly flat day. It was a mixed day for the market yesterday. We were up yesterday. Oil was up to 96.11. Now we’re up to 100. And that’s the major factor that’s driving the higher PE tech stocks down. That’s fear of inflation, they call that, fear of inflation. The 10-year closed at 4.32% yesterday. And so the market ended mixed yesterday with some strength. I’ll tell you where the strength was. Micron. Sand disk, these memory chips. Okay, good old Germany’s Mertz, Friedrich Mertz, he’s no fan of Donald Trump. He says that the U.S. is being humiliated by Iran, and it lacks a strategy. We have no strategy. Well, what’s Friedrich Mertz’s strategy? German Chancellor Friedrich Mertz has said that Iranian leadership is humiliating the U.S., which quite obviously went into this war without any strategy amid a lack of progress in negotiations to end the conflict. The Iranians are obviously negotiating very skillfully, or simply very skillfully by not negotiating, Mertz said, during a visit to a school in western Germany. A whole nation is being humiliated by Iranian leadership. Are we still defending Germany? I think we are in the NATO, right?
SPEAKER 03 :
I mean, a handful of their leaders are ghosts. So I’m not really sure which leadership you’re talking about.
SPEAKER 04 :
European leaders are ghosts?
SPEAKER 03 :
No, meaning the leadership of Iran has been turned and killed. Oh, we don’t even… Yeah, they’re speaking from the grave, right? Right. And so I guess when I saw that headline, it just kind of threw me off. And I’m thinking, like, well, the first set of leadership doesn’t exist anymore. So what do you mean? Who’s humiliating who?
SPEAKER 04 :
Wasn’t it not Germany that signed the deal with Putin’s Russia? Yeah, exactly. To buy their oil from them? That didn’t work out so good. So… He’s mad that the Europeans were not consulted before the U.S. and Israel launched a giant attack on Iran on February the 28th. So Mertz weighs in from Munich on his thoughts on this Iranian war. Affordability tops U.S. financial worries for the fifth straight year. Boy, I’ll say that. By the time I fill my gas tank and go get a couple of ribeye steaks, there goes my whole paycheck for the week, Barry.
SPEAKER 03 :
I mean, it’s pretty crazy right now, huh? It is. No, it is. Beef, I was talking to a couple of folks in the agricultural business a couple of days ago, and we were talking about beef, and it just seems like, The cost of beef continues to go up no matter what, no matter when I look at it, what time of the month it is, what kind of special is going on.
SPEAKER 04 :
We should have invested in cattle futures many years ago. You know, I eat very small portions. That’s my saving grace. I would rather have like three or four bites of something really good and high quality than some big massive thing that covers your whole plate with a bone in it and all that kind of stuff. So I’m okay, but it is. You know, I even look at a bag of chips, a bag of Cheetos. It’s $7.11, and Walmart told the manufacturers, guys, you’ve got to get it down under $7. This looks really bad on these bags. So there’s no question about it. The affordability of many, many things have gone sky high, including, and this is probably one of the biggest factors, The cost of payments on a 30-year mortgage because we’re still running in the mid-sixes. And, you know, that’s why we’ve had this massive boom in apartments. It seems like everywhere I look here around the south, I see another apartment building going up. We’re becoming a nation of renters. California billionaire tax will be on the ballot in November. Well, I don’t live in California anymore, and I’m not yet a billionaire, but that friction over taxing the rich is enveloping the coast, the coast, the right coast, the left coast. It’s those rich coastlines that seem to be all for this. As a way to fund social priorities… and balanced budgets. New York City Mayor Zoran Mamdami is currently in a boxing match with Citadel’s Ken Griffin after filming a video that spotlighted the hedge fund manager’s Manhattan penthouse. Okay, I guess it’s evil to have a Manhattan penthouse in Wemdomi, so tax the hell out of them. What else can you do?
SPEAKER 03 :
Yeah, I saw where he’s talking. I think Ken’s going to talk to the governor today or something. I saw something.
SPEAKER 04 :
She’s not a whole lot better than Kathy Hochul up in Albany.
SPEAKER 03 :
I guess if dad gets mad, you go ask mom? Yeah. I don’t know what the thought process is there.
SPEAKER 04 :
And Griffin is building a Manhattan project that would create 15,000 jobs. And he’s threatening to stop it. Right, yeah. So now this fight is going to California where the SEIU is behind this one. The measure proposed has gained enough signatures to make it onto the ballot. It’s called the 2026 Billionaire Tax Act. Why do I see Bernie Sanders when I hear the word billionaire?
SPEAKER 03 :
Well, I mean, my thought on this whole thing is, you know, I mean, obviously it’s going to pass. It’s going to pass. I mean, how many billionaires are there? And then, of course, how many non-billionaires are there? And, I mean, it’d be, you know, I don’t know. I kind of look at it as there’s no way that the billionaires could represent themselves in this particular instance because there’s only so many billionaires.
SPEAKER 04 :
It’s a drop in the bucket, I mean, when you look at the overall tax receipts.
SPEAKER 03 :
I mean, it’s really discriminatory. I mean, the way I look at it, it’d be like if you picked on a group that was a very small population in any state and you said, hey, let’s put something on the ballot to go against them.
SPEAKER 04 :
Didn’t Marx and Lenin and his bunch have the same idea over there in Russia? Governor Gavin Newsom says it will drive away the wealthiest residents of California and really probably you think like the leaders of silicon valley and hollywood well you know bezos he lives down in miami where there’s no state tax he sold all of that stock in amazon you know the gunderson best stocks now app indicator the app that i invented some 15 years ago and uh i we had record sales of the app subscriptions it’s a subscription product on apple and on our web version and on our google android version of the app which has now been around for about uh… fifteen years or so we were way ahead of our time with a financial stock market app it is the backbone of what i do on a daily basis here in my uh… stock uh… portfolio selection process To become a B plus or better, that’s kind of where I draw the line in the database. I have 14 grades that a stock can earn from A plus down to F minus. Do you ever get an F- on your report card, Barry? No.
SPEAKER 03 :
I don’t know if that exists. I haven’t had one of those. I think one of my worst grades in elementary school was handwriting. Oh, handwriting. Unlike you, I’m not an artist.
SPEAKER 04 :
Yes, you know, I learned to do calligraphy and all of that, but I had messy handwriting, too, and I taught myself. But anyway… Usually in a healthy, normal market, we have about 400 B-plus or better stocks out of a database of 5,300. So you can see what a selective list that is. And that’s the list that I upload to my charts every day and zip through those charts in a very analytical manner as quickly as I can to see where those stocks are at, to see if there’s anything I’m interested in new. That’s how I find most of my new buys is through that methodology. 400 is kind of a normal number of B-plus or better. And to become B-plus or better, they’ve got to have excellent track record as a stock. You can’t have Procter & Gamble or Disney or AT&T-like numbers. You’re not going to get a B+, even. Maybe an F+, I don’t know. But you’re not going to make it into that upper tier of stock. And you have to have a juicy five-year valuation with 80% or more. upside potential of course i wrote the the algorithms the formulas in there to calculate those five year and they’re updated every single day as earnings change as the stock price changes etc well right now we’re up to 928 b plus stocks what do we call that we call that overbought Now, six weeks ago, when I put out my dramatic, stunning, gutsy, all-in buy on the market, I called it, this is one of the most compelling buy opportunities I’ve seen in the last many years. Maybe one of the biggest ones I’ve ever seen in my life in the market. There was 170 B-plus or better stocks there. That number has grown to 928. It’s mostly coming from the momentum side of the equation, not so much the valuation side of the equation.
SPEAKER 03 :
That’s a broad-based rally, I guess.
SPEAKER 04 :
Yeah, it’s a broad-based rally to bring the number up to 928. But it also tells me something. uh… now we’ve got a lot of overbought stocks that are right for profit-taking and that’s what we’re seeing on a daily basis you know a lot of people panic During a round of profit taking. Oh my gosh, they’ll say, why is AMD getting killed today? AMD is like up 40% this year or whatever. It hit a new high yesterday. It’s not getting killed today. There’s rounds of profit taking. Think of all the rounds of profit taking that I’ve seen over the last 25 years as a professional money manager. There’s times when you have to white knuckle it and grit your teeth and ride through some of that. And there’s times when the market gets overbought or stocks get overbought. Gold was an excellent example here recently. That silver run, yeah, it was way overbought. And there’s times to take profits when things get too overbought. I don’t think that’s the case right here. I think it’s healthy profit taking that’s going to take place from time to time. The other thing I would say here is the overall market where we hit 19.77x forward PE on April 6th when I made that big call. And now we’re up to like 21.6, somewhere like that. And, you know, 23 has been the high so far this year. So like I say, a lot of that easy money has been taken. And people that got in when we did are looking to lock in some profits here. And I may be doing the same thing today. You never know. Every day I look at every single stock we own, every single day, and I make one of three decisions. Buy, sell, or hold. And most days, I don’t want to do anything unless I see something that’s out of the ordinary. And yesterday, I saw nothing that was out of the ordinary. I haven’t had a chance to really open up and look at charts. I start that process right after the show today. But keep in mind that we’re up now up to 928 overall B-plus or better stocks. One other comment on the billionaire’s tax. I like this comment better than any, okay? Do you know who Sergey Brin is, Barry? Sergey Brin is one of the founders of Google, co-founder Sergey Brin. He said, I fled socialism with my family in 1979, and I know the devastating oppressive society it created in the Soviet Union. Is that coming to New York City, Barry? Is it coming to California?
SPEAKER 03 :
Some places probably feel like it’s already came there.
SPEAKER 04 :
Yes. I don’t want California to end up in the same place, commented Google co-founder Sergey Brin, who relocated from California to Nevada last year. And I believe that Nevada also is a no-income tax state. Others, like DoorDash CEO Tony Zhu and Palantir co-founder Peter Thiel, have likewise been vocal about their opposition donating millions of dollars to defeat the measure. Were you in the car with us? Maybe you weren’t. Maybe it was the two junior analysts. We took an Uber in Sarasota from the hotel to the airport, and the driver was from Cuba. And he started screaming at the top of his lungs about how socialism was creeping into America and how he’s, don’t these people know?
SPEAKER 03 :
And he tried to get away from it.
SPEAKER 04 :
Yeah, he got it. He’s in Sarasota eating at the Owens Fish Camp. You know, he’s not having any down in Cuba. I don’t think they have any Owens fish camps down there. They’re lucky to get the lights on down there. But I never heard anybody so angry. I just wanted a ride to the airport. And he’s screaming at the top of his lungs about, you know, socialism coming to America. Micron slides even as D.A. Davidson starts with a buy rating. Now, how can that be? you get a buy rating in the stock goes down well there’s a lot of forces at work here What did we say? Micron’s up 70% since the beginning of the year. And by the way, it was my number one pick. Lilly’s number two. Lilly hasn’t done anything yet. But Micron is up 70%. And they’re undergoing a round of profit-taking. It has nothing to do with the analyst report that went out today. They put a $1,000 price target. on Micron, which right now is trading at, what, 500, Barry?
SPEAKER 03 :
Yeah, I saw it. He puts out over 1,000.
SPEAKER 04 :
Okay, now listen to this. I mean, he’s using the same reasoning that makes me so crazy about Micron. He says, in fiscal 2030, Micron could generate as much as $393 billion in revenue and $139 per share in earnings. Do we have a venue, Barry?
SPEAKER 03 :
No, those hotels don’t take a little while to get back. We’ve got a couple of spaces, and I know we’ve already got 70 people set for the workshop.
SPEAKER 04 :
Well, we can meet in the parking lot.
SPEAKER 03 :
Yeah, we’ve got to find them. I’ll find the hot dogs. We’re going to need a bigger boat.
SPEAKER 04 :
Gee, maybe just go back to the, you know, it was real easy at the Mall of America.
SPEAKER 03 :
It was.
SPEAKER 04 :
Is it that hard to go to the Mall of America? I kind of like going there. I like the little food court.
SPEAKER 03 :
There’s probably plenty of parking.
SPEAKER 04 :
The room had a portrait of Bob Dylan in it and Prince and other Minnesota things and a great little restaurant. Oh, God. I’ll tell you. All right. Palantir. How many irons in the fire does Palantir have? Of course, Peter Thiel and what’s the other guy’s name? I can never remember. He’s really celebrity status.
SPEAKER 03 :
I never can remember his name, but I can see him. I mean, I know exactly. I’m looking him up.
SPEAKER 04 :
He’s kind of a murky-looking guy down underneath the surface there.
SPEAKER 03 :
Alex Karp, right? Yeah, Karp.
SPEAKER 04 :
Okay, well, now they’re signing a deal with an iron pellet company, Cleveland Cliffs. to deploy AI tools across its operations and commercial processes. So it just seems like, I don’t know why Palantir stock is a little soft right now, but there’s no question.
SPEAKER 03 :
I think it’s been getting hit because of the whole software space, almost like it’s thrown out, but they’re in a completely different space than Salesforce.
SPEAKER 04 :
It’s the only software stock that we own. I think it’s by far best in class. Because it addresses so many different things from the war in Iran to iron pellets in Minnesota. Right? What’s that range? The Masabi range up there in Minnesota? But Palantir was the biggest winner in the S&P 500 last year, and it was my number one pick overall. I only named one stock. It was my number one pick last year. Eli Lilly, Inc.’ ‘s gene therapy deal worth up to $2.3 billion was profluent. You know, that’s the deal with Eli Lilly. Everybody thinks it’s just a weight loss drug with their GLP-1, their miraculous GLP-1. But they’re very diversified, and they’ve got a lot of cash in their cash register right now to buy other companies. And this gene editing, which really hasn’t gone much of anywhere yet, but it’s supposedly the future. And they think when you add AI to the gene editing, that that makes it even more, gives it even more potential. Lilly seems to think, oh, they’re spending $2.5 billion on this latest project of theirs. Now we go way down the other end of the spectrum to burrito bowls. We go from, you know, look, are they, I’m sure. Is Chipotle using AI to construct a better burrito bowl? I don’t know. Probably. Chipotle hires a new chief brand officer that boosts guest loyalty. In my opinion, it has crossed the Rubicon into soggy territory. That’s Chipotle. You know, and that happens. When they go on a growth binge and just put stores almost anywhere where there isn’t a store and there’s just enough of their demographics to support it, you start getting stores that aren’t performing as well. You become so saturated.
SPEAKER 03 :
Watered down, yeah, exactly.
SPEAKER 04 :
You know, the opposite of that is In-N-Out Burger. We’re still waiting for an In-N-Out Burger in South Carolina or in the Poconos or wherever you want to go. They are very strategic about their growth, and they make sure they do it right. Somebody told me, I don’t know if this is true, that a burger, In-N-Out Burger in Tennessee, I think they have a couple outlets in Tennessee now.
SPEAKER 03 :
Yeah, they do. That’s what they said. Who told us that?
SPEAKER 04 :
Somebody at one of the workshops.
SPEAKER 03 :
Yeah, I think it was a client or a potential client that came and attended. But, yeah, I guess the further away you get from the original, I guess maybe geographically, I don’t know.
SPEAKER 04 :
They’ve been pretty good at maintaining. I’ve never had a bad one. Me neither.
SPEAKER 03 :
Yeah.
SPEAKER 04 :
And I’ve never had a good one at McDonald’s that’s fresh, hot off the grill. Once in a great while. So I doubt it. But anyway, I don’t like Chipotle. Okay, now here’s kind of, this is a stock that we own in our most aggressive account, Celestica. which is very much an AI-related stock. And I think this one may have a little bit of impact on the rest of the AI sector today. Celestica is a fab. Well, it is. It contracts out is what it does. It contracts out what they do. Let me just give you a little description of what they do. They provide electronic manufacturing, advanced technology, and connectivity and cloud solutions. So they’re not the inventor of the products. They’re the maker, like Taiwan Semiconductor is today. to semiconductors. Celestica is to connectivity and cloud solutions. They’re headquartered in Canada, and it’s been a red-hot stock. They came up a little short today. I thought it was a terrific report.
SPEAKER 03 :
Yes, stronger than expected earnings and guidance.
SPEAKER 04 :
And they’ve gone from $2 per share earnings in 2022. They’re expected to make $13 next year. The stock is down 14.8% today after a torrid run. It’s been hitting new highs here recently. And that may be a little bit of a drag also on that whole sector.
SPEAKER 03 :
And that OpenAI story is kind of bringing down that sector, too, at the same time, which is kind of a report.
SPEAKER 02 :
And I agree with that.
SPEAKER 03 :
Sign-ups not meeting their goals, which ties into the AI spending because OpenAI is a big customer of names like AMD, Oracle. You’ve seen some of these other. names drop, NVIDIA is a little soft today, and it really just has to do with, okay, well, if they’re not making as much money, are they still going to build this stuff out? A lot of the news that I saw said, yeah, a lot of news that I saw said if OpenAI doesn’t do it, guess what? Some other big player is going to come in and, you know,
SPEAKER 04 :
take over those projects anyway so they’re in it too deep and they’ve got too much money to spend to not try to dominate the world and sam altman i believe is that kind of guy that wants to dominate the world right just to get even with elon musk if nothing else for heaven’s sake you know yeah that’s right Then they’re involved in a big lawsuit, right, with each other.
SPEAKER 03 :
Yeah, right. It started yesterday, yeah.
SPEAKER 04 :
Because Elon was part of OpenAI until he split off. He couldn’t stand Sam Altman. Sam Altman couldn’t stand Elon. Sometimes two people just can’t get along, you know. That’s the way it is. They’re strong personalities, and they clash. And that’s the problem with Elon and Altman, and they had to go their own ways. But that’s cool. And so, yeah, that has a lot to do with today’s sell-off in tech, especially in the space that would benefit from the spending by OpenAI, right? I’m not a fan of the OpenAI coming IPO. I’m not a fan of the SpaceX IPO. I’m not a fan of the Anthropic IPO. These are giant private companies that are going to go public today. And there’s another article out there about they better go cash flow positive pretty quickly after the IPO. The lights come on when they go IPO. All of a sudden, you see their growth in earnings, their margins, how much they’re spending. Their burn rate. That could be gruesome, just gruesome. But at the same time, it’s got a lot of pizzazz. It has a lot of sex appeal. And there’s a lot of people that have invested in the private companies. And I think there’s going to be a lot of people that unload that stock when it finally does go public and when the restrictions come off and all the insiders are able. What they’re going to do is unload it on the public. Well, yes. You’re left holding the bag. And you’re going to have so much overhead supply for years to come of people that are in it. It’s almost a game Silicon Valley plays. You know, the guys at 25 cents per share, they get out when the next round funds at a higher price, and then the next guy’s out. They’re still guys at 25 cents per share. It is a bit of a pyramid scheme, and money just keeps being thrown at them by institutions, by private investors, by private equity, la, la, la, la, la, billions and billions of dollars. They turn around and lavish those billions of dollars on NVIDIA, on AMD, on Arista Networks, etc., etc., etc. And then finally it all goes public and the real valuation starts to be realized when people look at price to sales, price to earnings, price to cash flow, price to book value. which are higher than a SpaceX rocket. Well, I know we have 70 people signed up for the workshop in Minnesota, and hopefully, hopefully, I don’t know, I’m trying to put it together. Uh-oh, what happened there to Barry? Did you fall off your chair, Barry? No, he’s okay.
SPEAKER 03 :
I’m here. Okay, I thought maybe you fell off your chair.
SPEAKER 04 :
A little mic bump, yeah. Okay, you know what? I like going to the Mall of America. You know why? Because we have the whole place to ourselves. There’s nobody in there shopping. Does anyone go to the malls anymore? It’s like having this cavernous place to just walk through and blow off a little steam in between trading sessions. You know, I guess I’m going to have to step in and assert my authority a little bit here today. And get this. So about 70 people signed up for the we will have a venue by tomorrow. We will have a venue by tomorrow. But in the meantime, to book an appointment with us while we’re there, I’ll be there with my team, Bill Gunderson, Barry Kite, the two junior analysts, Jennifer, Edie, etc., Give us a call to reserve a spot. We haven’t been to Minnesota in over a year, I don’t think. 855-611-BEST, 855-611-BEST to reserve a spot to our Minnesota trip. St. Paul, Minnesota, Minneapolis. Duluth, home of the great Bob Dylan, greatest songwriter of all time. There’s Prince coming out of Minnesota. And then there’s Governor Walz, also coming from Minnesota. And a few others, Hakeem. No, not Hakeem, the Attorney General there. I can’t think of his name right now. Okay, all right. So if you want to reserve a spot to Minnesota, 855-611-BEST. 855-611-BEST. And I’m thinking we’re headed to Dallas after that. Dallas or Atlanta? Padres keep winning. Now, finally, our guy Mason Miller, 34 innings of shutout relief. He finally allowed a run last night, Barry. I was watching it on my iPhone. Late at night, I wake up. You know, those games in San Diego, they’re on late here. Did they still win? They won. He went in with like a four-run lead, and they got two runs off of him, and he had the bases loaded and blah, blah, blah. You know, look, I don’t always have a great day.
SPEAKER 03 :
Do you have a great day every day? Not every day. He’s just trying to make it interesting for you. Yeah. Keep you up a little later.
SPEAKER 04 :
I remember when the great Don Drysdale of the Dodgers, I think he pitched 56 and two-thirds. I don’t know if that record’s been broken of shutout innings. The great late Don Drysdale, who was in the starting rotation with Sandy Koufax at that time with the Dodgers. and uh miller got 34 innings that’s going to be that will be one of the hardest records to break that and uh and uh cal ripken’s uh longevity record right without missing a game yeah what iron the iron man record i heard him speak one time he was pretty he’s a pretty good uh he’s got a pretty good story yeah in terms of speaking but But that scoreless inning record, maybe Kershaw broke it. I have to look that up. Last I knew, it belonged to Don Drysdale. All right, now let’s take a look here at the final stories that we’re going to end up today’s show with. Of course, in the newsletter over the weekend, I talked about the record profit margins that we’re seeing in the S&P 500 since we began keeping records. We’ve never had a profit margin of 13.4%. And I said next year at this time we’re expected to get up to 14.6%, which is pretty dang stunning. That’s just the average. That includes all the bad stocks, all the good stocks, all the average stocks. That is just the average, and that is a very, very stunning number indeed. Okay, does anybody want to hear UPS? I don’t think so. That stock went public. I remember it went public. It went public the year Big Brown won the Kentucky Derby with Kent DeSormo on his back. Big Brown was, you know, that’s UP. And by the way, the Kentucky Derby is this Saturday. I don’t see nothing that excites me. It’s going to be freezing cold there. No thanks. You can have that. I’ll sit on my couch, the greatest seat for the Derby, and watch it. Samsung reports earnings. Now, that is not an investable stock. You have to buy it through these Korean ETFs. Samsung is way up. The stock is. If I look at the ETF that it’s in, EWY, it is down 2.5% right now. And part of that is their SK High. No, it’s Samsung that’s having a strike. And their production has plummeted on these memory chips. But their earnings that they reported today were just absolutely blowout earnings. Here’s one from the past. Does anybody really care? Does anybody really believe that Bed Bath & Beyond is going to become a meme stock? It was up about 30% this morning. Now it’s down 5% as they’re slamming it. A company that went bankrupt. You know that big vacant building in almost every shopping mall across America? It was once a bed, bath, and beyond. Gone forever. But it reinvented itself.
SPEAKER 03 :
Every once in a while it’s a Sears that got turned into a Planet Fitness.
SPEAKER 04 :
In Escondido, I taught a workshop to a bunch of retirees in Escondido, California at an old JCPenney. It was so weird. The mannequins were still there. I felt like I was kind of in a loop, like the mannequins are following me around. It was very, very eerie. The lights were off, and the little cashew mixed nut machine was still spinning, and it was very, very surreal. But I did teach a nice workshop there to a bunch of retirees in a vacant JCPenney. Well, okay, we’re out of time. We’ve got a couple events coming up. We will have that venue for you tomorrow. It will be somewhere very close to Minneapolis, which is a big area, I know. But we will have it by tomorrow. And we will also, to make a reservation, 855-611-BEST. You don’t have to be in Minneapolis to make a… How many appointments have you done in the last seven days, Barry?
SPEAKER 03 :
I’d say seven, probably about 23, if I had to guess. Wow. There’s always room for more. That’s what we want.
SPEAKER 04 :
That’s what he gets paid for. Otherwise, he’d be in the initial jobless claims line on Thursday.
SPEAKER 03 :
Yeah, we don’t want to do that.
SPEAKER 04 :
No, we don’t want that to happen. So keep Barry busy so he can keep bringing home a paycheck. No, you know what? People are coming to us. They like what they hear. If you like what you hear, get a four-week trial to the newsletter, the app, the live trades. We’re having a heck of a year with our portfolios. Call 855-611-BEST for an appointment or just go online like most people do at GundersenCapital.com. That’s GundersenCapital.com. Have a great day, everybody.
SPEAKER 01 :
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 SIPC and FINRA.
