In this episode of Best Stocks Now, Bill Gundersen takes you on a journey through the stock market, exploring everything from beginner investor challenges to the complexities of international economic policies. Tune in to gain valuable insights on navigating today’s volatile markets, learn about upcoming risks, and discover how Bill’s innovative approach to investing can yield success. Whether you’re a seasoned investor or just starting out, there’s something for everyone in this informative episode.
00:37:35 The Shift towards Nuclear Energy and Market Insights
SPEAKER 02 :
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 morning. It is the Monday morning edition of the Best Stocks Now show with professional money manager Bill Gunderson, president of Gunderson Capital Management. And I’m here with Barry Kydar, chartered financial analyst. We are off to the races on a new week. No election this week. Okay, we’ve put that one to bed. We’ve had a lot of earnings, still not money, maybe 10% of the companies left out there to report. And then there’s some economic reports that will come in. And we start the week with a very expensive market, which we’ll talk to about in a minute. But the S&P is above 6,000, the second time ever in its history. It’s at 6,005. It’s up just 10 points today, however. The Dow is up 458. It’s just a few stocks, however. The Dow is up 1.0%. The NASDAQ is down, on the other hand. The NASDAQ is down 53 points. That’s a quarter of a percent. We call that a mixed open to the market with some indexes down and some indexes up. And, Barry, can you get a read on the 10-year? I’m having a little issue with my mouse here this morning. Where are we at on that 10-year?
SPEAKER 04 :
Yeah, we’ve got the 10-year up three basis points, just over 4.31. So just breaking that 4.31. Three numbers, still a long ways from the 3.7 we were about a month or so ago. That’s right. All right.
SPEAKER 03 :
Bitcoin’s off and running, too. Yeah. So welcome to the Best Stocks Now show with professional money manager Bill Gunderson, president of Gunderson Capital Management. And I’m here with Barry Kite, our chartered financial analyst. Barry, to say that the free month of live trading with Bill every day is a hit would be an understatement, I think. I think we’ve had a response. Oh, I know. It’s free. Okay.
SPEAKER 04 :
There’s a lot of people. There’s people out there that are interested. So that’s good to know and good to get a feel for that.
SPEAKER 03 :
You know, I mean, I just feel like the average person out there, if they’re listening to CNBC, if they’re listening to the big Wall Street firms and the mucky-muck analysts out there, in many cases they’re being misled, okay? They’re getting bad because Wall Street’s been stuck in the way they do things. for a long, long time, and I don’t see them changing anytime soon. You know, another thing I look at, I had this thought over the weekend, let’s just take Fisher Investments, which, you know, they’ve built a massive firm. It’s worth $13 billion. But if your minimum is $500,000 to just get in, how do you ever learn, what about the younger people? What about the people that are just starting out? What is there for them? I guess at the other end of the spectrum, Barry, would be something like Robinhood. Now, have you ever opened an account on Robinhood? I don’t know.
SPEAKER 04 :
I haven’t. I’ve seen Coinbase, which is kind of the original, I guess, Robinhood. The only difference with Robinhood now, of course, is the individual stocks. But, yeah, I haven’t. My first trading account was years and years ago with TD Ameritrade when they first opened. When that first came to the web.
SPEAKER 03 :
Yeah, my first account was with a Merrill Lynch broker. I was one of the partners in a billboard company that was started by my father. And we had a profit sharing plan. And that profit-sharing plan started getting funded, and it was tax-deferred. And I had to make decisions about what to invest that profit-sharing plan. First, I went to some brokers. I can’t remember who they were with, Smith Barney or one of those. I got terrible advice. They put me into… Limited partnerships, Barry. Oh, yeah. As a 35-year-old. Right. No. I mean, what could be worse?
SPEAKER 04 :
In a tax-qualified account, too.
SPEAKER 03 :
Yes, in a tax-qualified account. You’ve heard the saying that in the beginning, the general partner has all the knowledge and the limited partner has all the money. But at the end of the term, the limited partner has all the knowledge, right? Because they’ve learned and the general partner has taken all the money along the way. So they went belly up. I mean, they were like business parks in Temecula or something like that, that all went south. And so then I tried a Merrill Lynch broker, a friend of a friend, you know, family friend. I kind of, I guess that’s how I found him and He never gave me any advice. I mean, I would call him with ideas, and it was basically a worthless experience. That’s just my experience. Okay, I’m just telling you. Where do you start? So I started with stopping. I said, damn it. I don’t cuss very much, but I’m going to do it now. Damn it. I’m going to learn this myself. And, you know, I mean, I’m not a dumb guy, but I’m not a Harvard graduate either. I had to kind of teach myself and find good mentors along the way. But I started with the Investor’s Business Daily. And that was a good place to start. It really was. Heck of a lot better place to start than Barron’s or the Wall Street Journal because I learned about momentum.
SPEAKER 04 :
And information was hard to come by back then. I mean, it wasn’t – you can Google anything nowadays and find information. You had to work for it. I mean, you used to get the charts in the – you used to be talking about getting the charts on your doorstep.
SPEAKER 03 :
Yes, the charts delivered to my driveway on Saturday morning. I couldn’t wait until I hear them plop on the driveway at about 4 a.m. But I learned about momentum. I learned about companies that were leaders, not laggards. I learned about companies with new technologies, new inventions, new ways of doing things better, new management. And that’s a very important concept in all of this. That helps you avoid the stodgy old growth giants of yesteryear. And that ended up being a pretty good place to start for me. And it certainly whetted my appetite to learn more and more and more and more. And I ate it up as I went. Along the way, I spent time learning from analysts in the Bay Area that ran mutual funds, that ran hedge funds. We had an analyst at the second firm I worked for that covered all the San Diego stocks and was quoted in the newspaper every single week and wrote research reports. on those companies i learned how to do that you know as i got into the industry left the billboard industry uh… in the route their year nineteen ninety nine something like that and i just found uh… i’ve started listening to a radio show that that that talked about the can slim methodology uh… that fascinated me and i also studied uh… valuation you know the value investors warren buffett uh… graham and odd what not And I guess over the years I kind of came to the conclusion that momentum is great, but it leaves out valuations. And value investing is great, but it leaves out momentum. So I decided to take the two together like peanut butter and chocolate and make a better invention. And I really don’t know many people that ever did that or thought about doing that. I did it 15 years ago. And, you know, so here I am 25 years later. And I feel like I have a lot to offer. I’ll leave that up to you. You may get a stinker, you know, or whatnot, but I think over the years we’ve done pretty well. And, you know, I started writing the newsletter 20 years ago. I invented the app 15 years ago. I invented it for me, okay? Let me give you an example, Barry. All right. So, you know, look, we have a lot of people in our database of people that have called the show over the years. I know there’s close to 20,000, 16,000 names or whatever. And we’ve looked at all the various CRMs, which are customer relationship management software packages, and none of them really fit. They’re all too complex. They’re all too clunky. They’re all too hard. So my next project is to create a simple database that we can sort any way we want. It didn’t exist. What I wanted didn’t exist with the app. And I had a job with hundreds and hundreds of clients to put together portfolios for them. And, you know, I couldn’t find good research out there that I could really rely on, so I invented my own system. What is it? Necessity is the mother of invention? Yeah, exactly. That’s the history behind the app there.
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Your version of the garage, right?
SPEAKER 03 :
Exactly. Here I am 25 years later and sharing what I’ve learned over the years. I’m in the market every single day. My day begins around 7 a.m. and folks can tag along and learn. It’s a master class really in the market for one month that you get. Then whether you want to continue on or not or become a client or not, that’s up to you. But I’m going to do my part, which I do every day anyways. So to get two free weeks of the live trading alerts, which includes the app and the newsletter, go to GundersenCapital.com. GundersenCapital.com. Now, when we come back, the best stories of the day as we begin a new week in the market. This is The Best Stocks Now. And welcome back here to the second quarter of today’s Best Stocks Now show. Well, it should be noted that on Friday, the S&P 500 closing above 6,000 for the first time. Okay, that’s the good news. The bad news is that we have now a three-year high in the forward P.E. ratio at 22.1%. That’s a three-year high, so that’s in the danger zone from a valuation point of view. But then again, that’s the overall market. That’s when you average all 500 stocks. So that’s not to say there’s still not stocks within 500. the market that still makes sense from a value proposition, but you always have to keep your eye on the market environment. So we’re in a very elevated market environment right now from a valuation point of view. So the market is vulnerable. here uh to sell off so you have to keep that in the background as you look at individual stocks okay and why has it gone to 22.1 i can tell you why the market is now pricing in better gdp growth than we had under biden is that a fair statement to say barry i mean that’s trump’s story i mean basically for the economy he wants to juice
SPEAKER 04 :
growth yeah with the economy right with you know whether it’s deregulation or uh you know or just uh you know allowing more mergers and acquisitions right there’s a you know there’s a lot of different ways to um you know you know quote unquote spur growth and and and you know be kind of you know pro taxes standpoint right and and yeah and the other thing is uh you know the corporations will have a better feel for um you know potential corporate tax rates going forward you know Likely certainly not to rise, and so that was an important piece.
SPEAKER 03 :
Yeah, so, you know, look, I mean, the market is building in this growth. The market looks ahead by one to two years, and it’s already building in better GDP growth. And a continuation of the earnings growth for the S&P 500, but even at a higher rate than the current rate. Now, risk in that, there’s risk in pricing in that. There’s a couple of big hurdles that he’s going to throw out there in the economy. The first one being a major hurdle, I think. uh is uh the uh the tariff wars okay that increases prices that slows down growth of earnings because in a lot of cases if you have to pass those tariffs along to people they can’t it comes a point where they can’t afford whatever item you have. So that’s one hurdle. That’s one risk in pricing.
SPEAKER 04 :
It may actually, yeah, it may actually lead to, right, I mean, kind of helps both ends, but, you know, leads to more CapEx spending, right? Of course, if you have to move a factory or something of that nature, right, reshift kind of the supply chain, well, You know, that cost is going to be certainly going to be incurred, right, by the company. And then, of course, how much of that is going to affect margins or how much can they pass it along to customers?
SPEAKER 03 :
Okay, another hurdle is, you know, I mean, I think it’s going to be a major hurdle, whether it’s civil unrest or factories, companies losing their workers. He has promised a deportation. He hasn’t mentioned the size. But it’s my guess that anybody who came here during the Biden administration is probably, you know, in the scope. I would think that they would be vulnerable. And how they’re going to round them up? Are the cities going to fight? Are the states going to fight? Are we going to have another civil war, states’ rights versus federal rights? It could get really, really ugly. So that’s another risk I see. You know, Barry, look, we get past one risk, okay, for the elections behind us, which I was worried about for many months. It went pretty smoothly, actually, much smoother than I expected. But now you look ahead to the next risk, and that’s also a big part of money management is risk management. I think there’s risk to the bond market of higher interest rates. I wouldn’t be buying anything that is interest rate sensitive right now. And number two, there’s definitely risk. If you’re China, if you’re Europe, if you’re Latin America, if you’re India, I don’t think it’s a good time to be investing at all. And I haven’t for quite some time overseas. On the other hand now, what’s happening on the good side? Bitcoin’s over $80,000 today. All right, so maybe we should just sell everything and buy Bitcoin. And it’s not just Bitcoin. It’s Stablecoin. It’s Dogecoin. It’s the one named after the dog. You know, everything. He is pro-cryptocurrency. And I think a lot of young people are probably invested in cryptocurrency, and they’re probably doing pretty well. How do you value it? I don’t know. I just don’t know. All I can do is look at the charts of it, okay? That tells me enough that I need to know for now. So there’s one on the receiving end of the benefits of the Trump election. We had the best week in over a year last week, which, you know, look, going into the election, it was a toss-up, right? I’ve read about a few people that invested heavily in a Trump win and did very well the very next day. They loaded up on steel. They loaded up on anything that would benefit from a Trump win. But that was a risky bet because, I mean, according to the polls, it was a flip of the coin. But if you would have had certitude that Trump was going to win so decidedly on Wednesday, you could have made a heck of a lot of money just by Tesla, right? Because that has also carried Elon Musk to new heights as the richest man. Small caps had their best week in more than four years. Now, I’ll tell you why that is. You say, why? Small caps have been a terrible, terrible. They’ve been swamped by mega caps like NVIDIA. Microsoft, etc., etc., small caps have just gone nowhere. Well, I mean, now you’ve got expensive large caps and you’ve got cheaper small caps. If you look at the P.E. ratio of the Russell 2000 or the S&P 600 versus the S&P 500, those P.E. ratios are much lower because they’ve been passed by. So they have some catch-up to do, number one. Number two… So a Trump environment would be better for small caps in that a lower tax rate possibly and less regulations. And more protectionism. Yeah, and more protectionism.
SPEAKER 04 :
And protectionism. Because mostly, right, small caps tend to be more domestic play in terms of, you know, they’re selling more to domestic partners to begin with. So, you know, kind of your multinationals, obviously your larger cap stocks are going to be the ones selling across the globe, right? Think Microsoft or Apple or those companies. And so that’s a huge benefit potentially to those companies. Also, they could get bought by bigger companies if, you know, you’ve got more, you know, if you’re open more to mergers and acquisitions. Yeah.
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Okay, and before the break, we’ll just remind you that today is Veterans Day. When I go to the baseball games, Major League Baseball, my favorite part of the day is when they have all the veterans stand up in the audience, and we all give them a cheer and a clap. I just love that. It always sends a chill down my spine, right, thinking about all these people that fought. I always pay homage to my father who fought in World War II on a submarine in the South Pacific when he was 18 years old. So God bless Marv Gunderson and all those that have fought for our country. 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. Thank you.
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Instigators Because there’s something in the air
SPEAKER 03 :
And welcome back here to the second half of today’s Best Docs Now show. Well, both sides of the Trump trade is what we’re looking at here today because we had a seismic shift this past Tuesday that will greatly affect. It’s not like it’s a little change. Okay. You know, some people say it really makes no difference whether it’s a Republican or a Democrat. And to some extent that’s true in the overall market. But when you look underneath the market at the sectors and the asset classes and whatnot, I think it makes a big difference because of the wide gap between the different policies between the two parties. For instance, now gold has really gone flat here. I think the gold trade might be done for now. It got up to $2,800 almost around in there. And, you know, the only thing that will get gold going again, or which would likely get it going again, would be massive spending, racking up the debt. But then hopefully we got Elon Musk there as a backstop, right? Yeah. Cutting the fat.
SPEAKER 04 :
Yeah, we get a CPI number and PPI numbers later on this week. So I guess maybe inflation could help push it. But it’s interesting because right now part of the Trump trade happens to be a strong dollar. Yeah. In that instance, right, all else being equal, right, if a stronger dollar, you know, makes for a negative return in gold. And so that’s, you know, that’s likely kind of the biggest hurdle against it right now is certainly where interest rates move to and, you know, accompanying strong, strong dollar.
SPEAKER 03 :
Well, his last economic advisor was Larry Kudlow, and he’s always preached that. King dollar. King dollar. We’ve got to be the strongest currency in the world, which is not good. uh… for gold okay and i also read today that the rupee which is the indian currency is hitting a new low like five-year low against the dollar especially since uh… the election so gold’s on kind of the wrong side of the trade although it did well leading up to uh… the election now as far as the oil goes I think investing in oil itself is not a good place to be, but the oil companies. I think that’s a very good place to be, and I showed a chart over the weekend of IYE, which is the energy sector. The energy sector has been dead for months. Well, I mean, look, I mean, Biden was pretty much underneath the surface, was anti, even though you could point to the statistics of how much oil was produced during the Biden administration. At the bottom, underneath the surface, he was anti-fracking for the most part. He put a moratorium on shipping liquid natural gas overseas. He closed a lot of federal land, etc. So now, okay, you’ve got a seismic shift there. LNG would be a good example, Chenier Energy. Just look at that stock as an indicator of the sudden turnaround in the energy stocks. And look at IYE, which is the energy sector sector. It’s finally got a little bit of momentum behind it after being dead in the water here for quite some time. Now, the broad deportations. I see that as the next seismic event. When that begins, how they identify. I’ve heard that they’ve named Tom Homan as the guy that’s going to be in charge of the border. He’s going to take over for Kamala Harris guarding that border. Of course, it won’t take place until January whatever that is. January 20th is that inauguration day when the new people come in. But the broad deportations could cause disruptions in U.S. businesses. Think of Tyson Foods, for instance. Think of anything that is labor intensive where you have a lot of migrant workers working there. That could be disruptive, number one. And we don’t know. I mean, look, five states have put a line in the sand. You’re not coming to get them. So that all is in the backdrop now of things you have to weigh. as you look at various stocks.
SPEAKER 04 :
And it’s interesting in terms of consumer spending, right? Of course, frankly, the current administration has gotten a boost from illegal immigration. Eventually, that cost outweighs the initial benefit. But when you look at expected GDP for a country, part of it is worker growth or population growth. And by allowing folks in, you’ve got to buy something, you’ve got to consume something. And so that’s part of one of the reasons that could have helped juice the economy a tiny bit, right, in this period.
SPEAKER 03 :
Yeah, a tiny bit. It would be interesting. You know, I talked to an FBI agent over the weekend. I got a lot of contacts, a lot of friends. I said… are the drug cartels here in America? Oh, he said, they’re all over America. And he said, you know, I’d hate to tell you, but these guys, a lot of these guys, not all of them, But a lot of the guys you see working on houses during the week, mowing lawns and whatnot, they do that during the week. And on the weekends, they’re laundering money for the drug cartels. I’m just telling you what an FBI agent with boots on the ground told me. How are you going to round all those people up? How are you going to send them home? You know, it’s going to not be a good… It’s going to be very caustic. It’s going to be very people butting heads. It’s not going to be pretty. So we’ll just have to see. Earnings coming this week. Disney. Alibaba. I saw some guy on Twitter say, I think Alibaba’s the best bet in the market right now. I think it’s going to go to 200. Mark my words. It’s at like 50 now. I wouldn’t buy Alibaba. Why would you buy a Chinese stock with the way the power balance of… Terrible.
SPEAKER 04 :
You’ve got to sell me better than just that. I need some numbers.
SPEAKER 03 :
Yeah. Cisco’s going to report to this week. Home Depot, Occidental Petroleum. SU is one of those oil fracking companies. So it’s going to be a big week for oil. It looks like Shopify, Applied Materials. Spotify will be interesting. Did Joe Rogan move the needle at all? I know there’s no question that Elon Musk moved the needle. I talked to a rep from X on Friday at length. I had an appointment with him for one hour. They’ve added 500 million users. He said, number one, that booster rocket that backed up into the That got a bunch of new people signed up for X. And then, of course, the election and everything like that, they’ve added half a billion people to their platform in the last several weeks. So that is a very, very big deal there. Let’s see, who else is going to report this week? Anybody? Shopify is always interesting. Home Depot, I don’t expect much from them. Cisco, I don’t expect much from them. Disney, which I’ve argued the fact that maybe Netflix should replace Disney in the Dow like NVIDIA replaced Intel in the Dow. I know it sounds un-American, kick out Mickey Mouse, but, you know, Netflix is a much bigger, more dominant company than Disney is. Enphase to cut 17% of workers. Okay, there’s another side of the Trump trade. Solar and wind. They’re laying people off. Someone names Wingstop, the best-in-class long-term growth candidate. Well, we own some Wingstop in our emerging growth portfolio. It’s been kind of hit or miss so far. I think they’re struggling like the rest of the fast food companies with inflation. I would imagine chicken wings and barbecue sauce and french fries. And blue cheese dressing and celery sticks and all the raspberry have also gone up in price. I talked to a steel, a guy that’s in management for Nucor, which is a publicly traded steel company. He says, make steel stocks great again. It’s the saying there in the steel industry right now. Will it translate to our steel stock? Now, I can remember a time when that was one of the best sectors in the market back in 2006. 2007 when China was going nuts. But I don’t see that now. I don’t see that wind at their back today. And here’s another one. Taiwan looks to make massive purchase of U.S. weapons from the Trump administration. Well, I mean, I’ve been saying that maybe it’s a blessing that China’s economy is struggling so much. Because they’ve had their eyes on Taiwan for a long, long time. Taiwan knows it. What does Taiwan want? Lockheed Martin F-35 jets. They want Northrop Grumman E-2D advanced Hawkeye airborne radar. And they want Raytheon Patriot missiles. Those are potential targets for the defense package for Taiwan, which is now gone. under a little bit of a problem there with China breathing down their neck. We’ll be right back.
SPEAKER 06 :
And welcome back here to the final segment of today’s Best Stocks Now show. The stock of the week for me, Barry, was…
SPEAKER 03 :
uh was tesla okay had you known that you had a certitude that trump was going to win and and it was going to be the red wave that it ended up being yeah you would have uh probably uh loaded up on tesla i mean who was the bigger supporter of trump more visible supporter of Trump than Elon Musk, and you’ve got to figure he’s going to benefit from a victory. Okay, so here’s how the numbers add up on Tesla. Tesla is now $1.1 trillion in market cap. It hasn’t been $1 trillion for quite some time. In addition to that, the target price today was raised to $400 million. by Wedbush, which has always been a Tesla bull. After Tesla crossed $1 trillion last week, Dan Ives thinks the march to $1.5 trillion and $2 trillion over the next 12 to 18 months has now begun. I also read that Elon, well here’s another startling statistic. If you add up the next ten biggest auto stocks combined, Toyota, General Motors, Ford, Stellantis, Ferrari, on and on and on and on. Tesla is worth more than all 10 of them combined at $1.1 trillion. And Elon Musk has not done so bad himself. His net worth crosses $300 billion. As his Trump bet pays off. I think his heart was in the right place. I don’t think that he made a bet and this is going to be good. Although it is obviously very good for him and his business. But I don’t think that he liked Trump. I mean, he’s pretty vocal there on X. I see his tweets all day long. And we’ll see. I mean, he’s going to have some kind of a role. He’s a big free speech person. He’s a big free speech. Yes, exactly.
SPEAKER 04 :
And he didn’t like the way, you know, certainly he got in. I don’t think he really saw Twitter as necessarily a lucrative business. I think he also saw it as a… kind of a personal deal that he wanted to have a voice from that standpoint. And that’s where he ended up, because trust me, that thing’s given him a lot of headache.
SPEAKER 03 :
Well, but you know what? If you’re patient, okay, now, if you’ve added 500 million users, I asked the sales rep, I said, have the price of running ads on X increased? And he said, not yet. So I would say this. Now is a good time to advertise on X because you’re paying the old rates, number one. Number two, when you have those kind of users, you’re going to be able to charge more for your advertising down the road. And you know what? What’s the number one source of news today? Is it CBS? Is it CNN? Is it CNBC? Is it Google? No, it’s X. That’s the number one source of news today. So you give a guy a little bit of time, like a Musk, okay? Yeah, he’s had nothing but headaches. And he’s a target. He’s a big-time target. He’s the number two enemy in the world behind Trump, I think. Not Putin, not Xi, it’s Trump and Elon Musk, okay? And the first shot that Musk fired across the bow, obviously, was the free speech issue. and that’s really what was behind him buying tax i don’t think that he saw it at that time is a good by maybe he should have been patient but he really wanted to move the needle on the free speech part of things and now he’s uh… you know not only is he got the biggest car company in the world he may end up having one of the biggest media platforms As the other ones are, you know, they can’t even give some of these other media platforms away right now because their viewership and their trust in them has just been, you know, slaughtered. And so it’s very difficult to sell advertising. It’s very difficult to increase your base of people watching you, etc. So he’s sitting in a pretty good spot, actually, with his ex now after he had some real struggles for a long time. Okay, let’s see. Anything else here? Well, you know what? I think the nuclear play also. I think that’s another recipient issue. Especially if you’re going to juice up some factories here. If you’re going to bring some factories back here to America, that requires energy. And it’s obvious that we’ve decided, they’ve decided, or we’ve decided that solar and wind is not going to be the answer. California has a big problem. Their energy bills that people are paying… People that live there are paying double what the rest of the country is paying. And, you know, I think I was shocked when they said, we’re going to close down the San Onofre power plant, nuclear power plant. I said, okay, I guess it’s run its course. And then they said, we’re going to close down Diablo Canyon nuclear power plant. And they’ve closed down a lot of coal power plants in California. And now, I mean, there’s a shift back to nuclear. Now they’re talking about firing up these nuclear power plants again. So I think there’s a play there also. And you know what? It’s behind AI. Okay, so that nuclear play is associated with AI. Anyways, we’re going to have some fun today with the live trading subscribers. I told them you’ve enrolled in a master class in the stock market. I’ve warned them. I personally have a big loser today. I think it’s down 11%. I said I put this in my incubator to test it out in my portfolio. And it’s down 11%. I think it’s still okay, but you have to be prepared for that. And I also warn that I never make any one position more than 5% of my overall portfolio. So if you’ve got one that’s down 12%, 13%, it’s just not going to do much damage to you. You can definitely recover from that. It’s going to have very little impact. on your overall portfolio. So once again, I’m offering something that I’ve never done before, hopefully to juice you with a little bit of education on the market and my humble opinion and to see how I do things and how I’m different from Wall Street and from the guys that I hired in the early days to manage my portfolios to give me lousy results. I said, I’m going to learn this myself, so I’m going to share with you on a daily basis for the next 30 days. or from whenever you start, 30 days, of what I’ve gleaned over the years, and I’m going to point out things, and I’m going to try to add a little lesson to everything that I say. Go to GundersenCapital.com. Now, if you’d like to say, I don’t have time to sit there and do all that, Bill, give us a call at 855-611-BEST. 855-611-BEST, and set up an appointment with us to discuss your portfolio. 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 SIBC and FINRA.
