In this episode of the Best Stocks Now show, professional money manager Bill Gundersen is joined by chartered financial analyst Barry Kite to explore the current state of the market following a better-than-expected jobs report. As the Dow and NASDAQ surge, the episode delves into macroeconomic trends, including interest rates and commodity movements. Key industry insights include discussions surrounding Tesla’s recent market impact and the anticipated delays from the Fed. Amidst these discussions, Bill and Barry address the recent public spat involving Elon Musk and Donald Trump, analyzing its wider implications on Tesla’s market standing. With an eye on
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 01 :
And welcome to the Friday. It is the Friday. Thank goodness it’s Friday edition of 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. And we have a pretty good start to the market today. after a better-than-expected jobs report. And as such, the Dow is up 534 points. That’s 1.3%. The NASDAQ is up 255 points, which equates to… 1.32% gain. The S&P 500 is up 69 points to 1.16. Guess what? The S&P is back above 6,000. We’re at 6,008 after dipping clear down to 4,800 back I think on March the 8th was the date of that dip. or the bottom, I would say, of the NASDAQ. Russell 2000 up 1.3%. We have interest rates up a little bit. There’s one negative bit of news. Interest rates up to 4.47% on the better than expected move. or better than expected jobs report, which may delay the Fed even longer, even though they’re well behind the curve. We have gold up just a little bit here, not too much. Gold is currently trading. at 3,368. It’s actually down a little bit right now. Silver is the hot commodity right now, up 1.3% again today to 36.27 per ounce. So welcome to today’s Best Stocks Now show with professional money manager Bill Gunderson, president of Gunderson Capital Management. I’m here with Barry Kite. Our chartered financial analyst. I think it’s safe to say that the biggest story in the market yesterday was the out-of-nowhere feud. Wow. That just went downhill from the beginning.
SPEAKER 02 :
It really soured the market.
SPEAKER 01 :
Well, you know, the NASDAQ, Tesla is a big part of the NASDAQ, and Tesla was down 14.3%, which equates to about $125 billion today. of market cap that disappeared. That’s like 60 small cap stocks, right, that just disappeared, went up in smoke. We should have probably stepped forward yesterday. I thought about it. Tesla is up 4% today, pretty nice rebound after hitting that low yesterday. And, you know, I sent out my last message of the day yesterday. I said, I hope the two sides can reckon with each other and be friends or somewhat at least, you know, some kind of friends once again because that was a pretty good relationship. And I think some good came from that with the doge efforts and trying to steam up or trying to streamline government somewhat. And it maybe looks like they are kind of headed in that direction to end the feud. But it got pretty ugly. I mean, it got personal towards the end, very personal, including Trump was on Epstein’s list. Well, we know that Trump was on Epstein’s list. There’s a lot of people on that list. Trump did not like Epstein. But, you know, what other involvement? We don’t know. But Musk threw that out. Impeachment Musk threw out. All kinds of different things. Forming a third party.
SPEAKER 02 :
He said he was the reason that Trump got elected. He did play a big role.
SPEAKER 01 :
Yes, he did play a big role. And so anyways, that was kind of a wacky day yesterday. The NASDAQ ended down almost 1%. The S&P was down a half a percent. You had a big drop. in interest rates yesterday clear down to four point three nine and now we’re back up seven basis points today and uh… the problem is uh… you know when you’re on uh… acts or twitter the former and the company formerly known as twitter it’s public it’s very very public and you’re just watching who’s gonna tweet next uh… and it went big back and forth uh… in a very public spat And, again, I hope that they can somehow make up a little bit. Tesla says more than $100 billion in market cap as the two sides go to war. I don’t think it made Musk look good, and I don’t think it helped Musk. If I’m a shareholder of Tesla stock, I’d be a little bit upset. That he went as far as he did against the most powerful man in the world right now. He may be the richest man in the world right now. But generally speaking, whoever is the president of the United States of America is the most powerful man in the world. Two egos collide. And I don’t know. I don’t think it looks good for Musk at all. I thought at first maybe this was a publicity stunt to try to get, you know, the people that don’t like him to like him again. But now I think he’s kind of, I think he’s disenchanted both sides of the aisle. Barry, unless he can somehow restore what he’s said about Trump and everything.
SPEAKER 02 :
Yeah, I mean, we always joke about Zuckerberg. If he’s not careful, he’s going to end up in that Zuckerberg category where neither side likes him.
SPEAKER 01 :
Yeah, where neither side likes him. I think Musk right now is in that penalty box there, definitely with the Republicans. And the Democrats don’t like him at all. So I don’t think it helps Musk whatsoever. India’s central bank is down to 2%.
SPEAKER 1 :
2%.
SPEAKER 01 :
Hear that, Jerome? They cut again. All right. And, you know, other world banks are way below where we’re at.
SPEAKER 02 :
Did you see how Trump is referring to him now? Instead of using his name, it’s just too late.
SPEAKER 01 :
Yeah, too late, pal. It’s better to be early than late. You know, I know that. I tend to be a guy that if I show up somewhere to an appointment or whatnot. To a meeting, I’d rather be a little bit early than late. And with the Fed, it’s especially important. As central banks around the world continue to cut interest rates, that’s like one full point now since the beginning of the year for India. A pal that sits on his thumb and does nothing, even though there’s no signs of inflation out there. Inflation is pretty much behind us for now. Now, we’re getting some good reports. The non-farm payroll, even though it slowed down in May, that’s going to be the headline on all the media outlets that don’t like Trump. payroll growth slows and the and the and the media that does or is indifferent about Trump or just reports the numbers is Going to say that it was still a very healthy gain And it beat the consensus 139 was 10,000 better and you’re seeing the reaction than the market so I always say If you want to know where the truth is, whether it’s an earnings report, an upgrade or a downgrade, a macro forecast, look at how the market reacts. The market is reacting very, very favorable to the jobs report today. So I think there’s where the truth lies. It was a good report. It was a healthy gain, but it is slowing down.
SPEAKER 02 :
Another interesting one where, you know, differs, right, than the ADP report. Because we’ve got the ADP report, private payroll.
SPEAKER 01 :
It’s pretty weak.
SPEAKER 02 :
On Wednesday, and it was weak based on consensus. And that number is always kind of a, you know, kind of sometimes a throwaway number. Today’s number is the one that, you know, folks pay attention to more. And, you know, it actually came in above consensus.
SPEAKER 01 :
Yes. I mean… It’s hard to argue. Now, here’s another one. The U.S. international trade in goods deficit narrowed to just $61 billion. Those are some of the smallest numbers I’ve seen in a long time. It usually runs at $150 billion per month. $118 was expected. So the trade deficit, the gap… is down to $61 billion. Now, I’m sure it’s because we did not unload a lot of ships and whatnot during the month of April, but that’s the narrowest gap I’ve seen in a long time. Exports were $289 billion. Imports were $351 billion for just a $68 billion gap. And I also see that the CBO scored that big, beautiful bill, which I don’t think Elon sees it that way, and I don’t think the Democrats see it that way, and I don’t think the hawks of the Republicans that would like to see a move towards a balanced budget see it that way as a big, beautiful bill. But one thing they didn’t count… You know, I see the headlines that over the next 10 years, we’ll add $2.4 trillion to the deficit. Well, today they’re admitting that the tariffs are estimated to reduce those deficits by $2.8 trillion. That’s a big factor there. And, of course, if you get growth better than what the CBO is using, that would be even better. So now you’ve got a bill that really doesn’t affect, you add in the tariffs, doesn’t really affect the deficit over the next 10 years. We’ll be right back.
SPEAKER 1 :
We’ll be right back.
SPEAKER 01 :
And welcome back here to the second quarter of today’s Best Stocks Now show. Once again, the math on the big, bold, big, beautiful bill. Look at it. You know, they’ve added in the effect of the tariffs, which I don’t know how they estimated where they’ll be over the next 10 years, but… Yesterday they were reporting that the bill would add $2.4 trillion to budget deficits over the next 10 years, but today they’re admitting that the tariffs would estimate to reduce the deficits by 2.8. So I see a net gain there of $0.4 trillion reducing the deficit. And then, you know, the unknown factor is the growth. I mean, they tried to make a pro-growth, a lot of pro-growth in the bill about, you know, with less restrictions and greasing the skids. And if you get more revenue than expected, that could be even better. The other good news is Trump and Xi agreed to visit each other after a very good phone call. Of course, Trump always said that. I had a perfect phone call. It was perfect. Nothing wrong with it. Apparently the two sides, they weren’t on the phone very long, 19 minutes from what I understand. And Trump has agreed to go to China. And Xi has agreed to come to the U.S. And you know the headline in last week’s newsletter was, Tariff talks, China talks, stall. So that’s good news that tariff talks with China are now back on again. I wrote to that Broadway Limited, the company that I read about yesterday that imports locomotives for model trains, very high end. And I invited him to come on the air with us. I have not heard back, but it would be interesting to hear from him. He’s the one that says, you know, look, we have to add 30% to what we import from China, and that’s going to be passed along to the customer. But I think the bigger bottom line there was we can’t just open a U.S. factory overnight and have it up and running. It would bankrupt us. What would we do for cash flow in the meantime? And a lot of things, you know, China, let them have it. The manufacturing of some of this stuff that is lower margin and labor intensive and whatnot, I think that just has to remain in China. But some things obviously can return to the U.S. Tesla says more than $100 billion in market cap. After the two went to war, well, we’ll see what happens today. I did hear some good news this morning that the White House was going to reach out to Elon Musk and try to get cooler heads to prevail. That would be nice. I don’t like contention. I try to be a peacemaker. Well, and not in the public realm. Yeah, not in the public realm. Even in the private realm, I don’t like contention.
SPEAKER 02 :
I mean, no, right, but at least they’re going to do it behind closed doors.
SPEAKER 01 :
And it takes a big man to swallow his pride. And, you know, look, you’ve got two giant egos. But I would just say that Trump this time around, I don’t know who’s kind of mellowed him out a little bit, but he seems to be a little bit more conciliatory these days than he’s ever been. India Central Bank front loans rate cut to boost growth amid global volatility. Where’s our man, pal? We should be getting a rate cut. Non-farm payroll growth, we talked about that, 139K. Let’s see. Rare earth, obviously, is really the big club that China is holding. It’s just, you know, look, they somehow were blessed with this high concentration of rare earth minerals over there. And they’re needed for all kinds of different industries, etc. And we need them and they need us to buy their model trains and all kinds of other things, right? Now, as we look at Tesla this morning, that would have been a good pickup yesterday. I was pretty busy towards the end of the day. I thought about it for the relative value fund. That would be another big pullback over some kind of weird circumstance. I would call that a very weird circumstance yesterday. It sold off on just huge, huge volume. And, of course, you know, losing that tax credit, how much that hurts. If you’ve got two cars side by side and you get a $7,500 tax credit for one and don’t get any tax credit for the other one, that’s a big selling point. But that’s going away, and I think that’s one of the issues that really set Musk off. But, you know, I don’t think Trump ever was for keeping Trump. that tax credit for electric vehicles. He himself is not a big electric vehicle fan, even though he bought one from Musk, which he was threatening to sell. Maybe Sheryl Crow will buy hers back. I saw a video of her waving goodbye to her Tesla. It was on like a Carvana van or something like that, leaving her house, and she’s all goodbye. So I don’t know. Like I say, I think he’s got both sides kind of mad at him. There needs to be a thawing out. And, of course, he’s also threatening to decommission the spacecraft that went up and rescued the astronauts.
SPEAKER 02 :
I saw somebody said they should deport him. Yes, I saw him deport Musk.
SPEAKER 01 :
Shoot him into space, send him to Mars. He wants to populate Mars. Well, he could be the president of Mars, the leader of Mars. But, you know, I heard some analysts talking last night, and they said Musk did not do himself any favors.
SPEAKER 02 :
uh by doing what he did well and it’s about shareholders too i mean you know the one thing is a cream musk and i mean he’s his own man he can do it you know what what he wants to but you know it it affects right uh i mean certainly affected tesla yesterday in terms of the drop and you know it’s a you know it is one of the things where you know from a from a running a publicly traded company, it really hurts the shareholders in terms of these kinds of fights.
SPEAKER 01 :
Yes, exactly. Well, anyways, you had billionaire hedge fund manager Bill Ackman publicly appealing to both to end the bitterness. I did that yesterday, too, on Twitter. I didn’t get banned. That was another comment I saw. Will Musk kick Trump off of Twitter again? I don’t think he’ll do that. But anyway, in the meantime, Trump is filing an S-1 to list his true social Bitcoin ETF. So he’s going to have an ETF, Trump Media, that’s going to be loaded with Bitcoin. There’s a lot of competition in that space, but I’m sure the name Trump, in some circles, that’s a pretty good brand. In other circles, it’s death. But I’m sure he’ll take in some money in the new ETF that is associated with this publicly traded stock, Trump Social. UnitedHealthcare sues The Guardian for defamation after report on nursing home kickbacks. They say that the article was not true, a lot of falsehoods, and they’re going after The Guardian, which I think is owned by Fox. UnitedHealthcare is still in the dumper, though. It’s at $300 a share after being at $630 last November. It’s been cut in half. Turmoil continues at UnitedHealthcare. We’ll be right back with Novo Nordisk, Palantir, Amazon, CoreWeave, Circle, etc. 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 GundersenCapital.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. Call out the instigator Because there’s something in the air And welcome back here to the second half of today’s Best Docs Now show. Novo Nordisk, which is slowly recovering. That’s the GLP-1. I saw Brown and Foreman. I don’t know what their brands are. Maybe you can look that up, Barry. I think it’s BF.B or something like that, big alcohol company.
SPEAKER 02 :
I know they’ve got some bourbon and whiskey, I think.
SPEAKER 01 :
I think that’s kind of, yeah.
SPEAKER 02 :
That’s how they started.
SPEAKER 01 :
Their thing. And Novo Nordisk, they’re saying that the GLPs are hurting them. Because, you know, look, I mean, alcohol is full of calories. And if you are on a GLP-1 on those drugs, it’s going to hurt their sales, and it has. And in the meantime, Novo Nordisk is slowly recovering. We bought that in the value fund, and it’s doing well so far. It’s up 2.7% NVO. Their weight loss therapy is being linked to a rare eye disorder. I’ve seen this before. The European Medicines Agency announced on Friday that its safety committee has concluded that NovoNorge’s popular weight loss diabetes therapy, semaglutide, can cause a side effect known as non… arteritic anterior ischemic optic neuropathy. That’s a mouthful. Glad you had that one. In very rare cases. So anyways, it can lead to vision loss. That’s not good. But I think it’s very, very, very rare. Now, humanoid robots, which some say could be Musk’s biggest product at some point in time, he says everybody’s going to want one. Amazon is going to test AI-powered humanoid robots for deliveries. So who knows? I mean, keep an eye on your door cam.
SPEAKER 02 :
Yeah, just wait. Those ring doorbell cameras or pictures are going to start flying around the Internet.
SPEAKER 01 :
We get deer on ours from once in a while running off with a bunch of my rose bushes, scaring them away. I don’t know. I’d rather have a humanoid robot at my door than a deer, to be honest with you. The e-commerce giant Amazon is building a humanoid park. They’re going to have a little pickleball court for them, the robots, and a little cafeteria, an indoor obstacle course, it says, at one of its offices in San Francisco to test the robots. Maybe on our trip to the Bay Area we can visit the humanoid park. Maybe they’ll have a baseball team. I don’t know, including one from China-based Unitree. So anyways, Amazon aims to enable the robots to hitch a ride in the back of its Rivian delivery vans. We forgot about Rivian and Amazon being tied at the hip. And spring out to deliver packages. There is currently one such van in the park for testing. But Amazon already has more than 750,000 robots across its networks, but these are deployed in its fulfillment centers, which are closed environments. The report comes as Amazon launched a new agentic AI team at its Lab 126 R&D hub in Sunnyvale. The team will continue to work on this. So anyways, robots to the rescue. And, of course, more need for AI. There was an IPO yesterday that I think it went way up, Circle. Circle is the blockchain, Bitcoin, and it’s more of the one that’s the stable coin, I think, is their claim. It went way up on the IPO yesterday. It’s up another 19%. I don’t advise buying into these IPOs within the first few weeks. Look at what earlier this year we had Newsmax go to $2.50. And now it’s down around 25 or so. But the Circle Internet Group had a good IPO. They’re headquartered in New York City. And we have very little in the way of how much they’re making, how much earnings, what’s their sales, what’s their market cap. We really don’t have that yet. I know Cathie Wood was all aflutter yesterday because she had some of the IPO, which did very well. But her Tesla more than offset that, her large position in Tesla. Pony, Pony, my little pony, accelerates Gen 7 robo-taxi development with road testing launch in China’s Guangdong province. Pony continues to be a player. That is a totally volatile stock, however. Oh my gosh, it’s just all over the place. But it is up 2.5% today. And of course, I saw the Waymos in action. uh over uh in uh the san francisco uh downtown san francisco did you take a ride you didn’t take a ride no but i talked to a guy that just got out and said how was it and uh he says you know it’s just fine i but we never got over 25 miles per hour he had come across the golden gate bridge in it i want to say oh and he says it goes pretty slow i don’t know if that’s by design but everybody seemed to be happy it really looks weird to see them running around with nobody in them at all I mean, are someday they going to turn on us, you know, these machines and start taking us out and take over the world? It’s a very eerie sight. Gold mining stocks, man, I’ll tell you what, we have NGD in our emerging growth portfolio. Look at the chart of that thing. I found it using the app. I’m not an expert in gold mining stocks. This is a small cap gold miner out of Canada, and it’s all I know. It was the strongest gold mining stock in the whole app. That thing is just going berserk. It almost hit five yesterday. And the gold stocks had a big day. They’re soft today. They don’t like trade negotiations going well with China. They’d rather see it go the other way. But we have a big gain in NGD in the emerging growth portfolio. It’s been a good year for gold, obviously. And silver soared to a 13-year high, 36. It’s over 36 right now. I kept saying to myself, you know, gold’s moving a lot faster than silver. it almost seems like there’s some ketchup to be made by silver, and that seems to be happening right now. I’d let silver cool off. Silver is definitely way more volatile than gold because it’s also an industrial metal.
SPEAKER 02 :
Industrial metal, yeah, you’re right.
SPEAKER 01 :
Okay, NVIDIA in focus as B of A maintains buy after meeting. Chinese companies hesitate, however, on NVIDIA. They don’t really know where they stand with it. But Bank of America maintained its buy rating. We still have a buy rating. B of A’s got a $180 price target, which isn’t bad because the stock’s currently trading around $140. You know, if you do the math, that could be a $5, $6 trillion company at the rate they’re going. And if they continue on this course that they’re on, I know that’s hard to believe. But that’s just taking the five-year growth rate and extrapolating those earnings. They’re certainly growing a heck of a lot faster than Apple is or than Intel is. Still one of the fastest growing, one of the best Fab 7 stocks. And Bank of America agrees with us right now. Yesterday, CoreWeave sold off. Today it’s going the other direction. There’s two competitors in that space, CoreWeave, and the other one is Nebius, which we owned there for a while. It just got a little too expensive for my taste and started to sell off during the tariff war. But Nebius is taking off. Those are two of the hottest stocks in the entire market. Nebius is NBIS. It’s out of the Netherlands. It does kind of similar to what CoreWeave does. And CoreWeave is a recent IPO that just has gone berserk. It’s headquartered in Livingston, New Jersey. That’s not exactly the AI hub of the world, Livingston, New Jersey. That’s kind of strange, but they’re hyperscalers. Remember that word, hyperscalers? That’s a big one. Shopify. I’m finally doing a little business on Shopify. That’s a very easy app to use. I think they have by far the best. That’s a $142 billion company. Shopify is being talked up as an AI play, Wells Fargo. And that stock’s back in play too. It got down to 70 recently. Now it’s 110. Shopify is probably, along with Amazon, Amazon number one, Shopify number two, and internet commerce as far as being profitable. and having growing earnings. And here’s the disaster of the day, Vera. Vera Therapeutics, ouch, down 32% with their lead candidate, Atasusep, targeted at a kidney disorder. The test failed to outperform a rival product from Otsuka Pharmaceutical. Stock down 32%. Okay, when we come back, we’ve got to talk about Broadcom. That was the big earnings announcement. And Lululemon, also an earnings announcement. And Rubrik. Rubrik, definitely a stock to keep your eye on. We’ll be right back.
SPEAKER 1 :
We’ll be right back.
SPEAKER 05 :
On a winter’s day. You gotta go where you wanna go. Do what you wanna do. And then whoever you are.
SPEAKER 01 :
And welcome back here to the final segment of today’s Best Docs Now show. And that Lakewood Ranch trip is approaching very quickly, a week from Tuesday. Next Tuesday, this Tuesday, we’ll be down there Tuesday and Wednesday for a quick turnaround trip, doing a workshop Tuesday night. At 7 p.m. at the Evan Hotel in Lakewood Ranch. And appointments, one hour. Book them, Dano. Between 7 a.m. to 7 p.m. Tuesday and Wednesday with the team. And you have to book an appointment with Edie. So book them, Edie. Call her at 855-611-BEST. 855-611-BEST. Also to reserve a seat at the workshop. There is limited space. Or to meet with us. You can also go online at GundersenCapital.com. I thought Broadcom had a really good report. Their sales were up 20% year over year, even though that is decelerating a little bit. That’s still good sales growth for a $1.1 trillion company. Broadcom’s earnings are up 44%, sizzling numbers, and yet the stock is down 2.3% right now. I would just say this, NVIDIA is the best semiconductor stock. I’m going to say Marvell and Broadcom are probably about tied. for number two but I thought Broadcom had a very good report it still meets all of my criteria as it stands right now and it has pretty good upside potential and it is down two percent they forecast five point one billion in AI semiconductor revenue don’t forget they sell AI chips not the magnitude of Nvidia’s But in that networking space, network demand, AI networking demand accelerates. That’s good news for Broadcom. Continues to impress. AVGO is the symbol there. Rubric. This is one I’ve watched come out of the gate pretty strong, and it’s hitting a new all-time high today. It’s now a $20 billion company, market cap company out of Palo Alto. I’m sure we’ll see their headquarters when we’re there in a couple of months. RBRK, Cloud Data Management and Security Platform, their sales report. Here it is. Their sales were up 49% year over year. That’s pretty good, Procter & Gamble. And their earnings were up 91%, even though they still lost money. They only lost 15 cents this time around. They lost $1.58 in the same comparable quarter a year ago. So that’s some sizzling growth there out of Rubrik. RBRK, which I would call a security stock, mostly computer security, cyber. And, of course, Wedbush keeps their bullish view after a strong Q1. But on the other hand, over at Lululemon, which I think has seen much better days a long time ago. Now there’s a lot of competitors in that space.
SPEAKER 02 :
And throw tariffs in the middle of it.
SPEAKER 01 :
Yes, Lulu headquartered in Vancouver, British Columbia is down 19.9%. And I was talking to my wife about it. There’s a new brand that’s competing with Lululemon that’s the hot deal. I can’t remember the name of it.
SPEAKER 02 :
Hang on, I’ll tell you. If you didn’t say it out loud, I’ll remember in just a minute. Okay, think about it. I can see the symbol right now.
SPEAKER 01 :
And my wife’s comments were, you know, everybody has leggings. Walmart, Target, everybody has leggings. It’s a crowded field. And she says they’re not the most comfortable thing. That’s just one woman’s opinion. But Lulu, not a good report. Their sales were only up 7% and their earnings only up 2%. Ouch, that’s single-digit growth now. They operate 767 athletic apparel stores in the U.S., stock down 19.9. It’s today’s Tesla. Not a good report coming from Lululemon, and I’m sure that stuff’s not made in the U.S., I’m going to guess Vietnam or Pakistan.
SPEAKER 02 :
I believe it is. I know a lot of it is Vietnam, if I’m not mistaken. I remember they had that fabric issue years ago.
SPEAKER 01 :
Okay, DocuSign dilemma comes to light as Wall Street frets over future issues. You know, it’s seen better days, too. I mean, the growth is not there anymore. Their sales were up 8%. Earnings up 10%. Not my cup of tea. Stock down 18.7% today. DocuSign was a disruptor. There’s no question about it. I mean, you do a home loan now or you open an account with a brokerage firm like us and it’s all DocuSign for those important signatures. Instead of going downtown, going to a notary, some things still require wet signatures. Some things still require a notary. But for the most part, it’s all online now in this digital world. And a DocuSign is headquartered in the Bay Area, right downtown or right near downtown in San Francisco.
SPEAKER 02 :
I think Aloe.
SPEAKER 01 :
Aloe is the Lululemon competitor.
SPEAKER 02 :
A-L-O.
SPEAKER 01 :
Yes, Aloe.
SPEAKER 02 :
What I kept thinking in my head was Oclo, and I’m like, it’s not Oclo.
SPEAKER 01 :
No, Oclo. But I will say this. In my trip to Santa Clara, as I was going down the main drag towards the stadium, I saw Oclo Headquarters. And Oklo is the nuclear stock. And the chairman of the board is the guy from, Sam Altman from OpenAI. Oklo’s trying to come up with the small, they needed in San Francisco area to power, we talked about that at length yesterday, to power those data centers. So Oklo’s sitting in a good place, but it’s five years before they’ll have a product. That’s the biggest problem. Well, I begin the newsletter today. Earnings season is in the books now for the most part. We’ll have new numbers out. Revised target prices for the S&P 500. We’re at 6,000 now. There’s not as much upside potential as there was at $4,800. There’s no question about that. But you know what? The market’s looking at 2027 right now. It’s already priced in this year’s earnings. It’s already priced in next year’s earnings estimates and factored in probably. Some pretty stiff tariffs remaining. But it’s looking at 2027 earnings. And that’s looking right now to be a record year. The question is what kind of multiple can you slap on that to come up with your target price? Well, that will be in the newsletter. You get four free weeks of the trading alerts. the newsletter, the access to the app. And if you’d like to make an appointment with us, you don’t have to drive down to Lakewood Ranch. We meet with people every single day over the phone or via Zoom. Set up an appointment with Edie if you’re not happy with where you’re at now. 855-611-BEST, 855-611-BEST. And if you are in Lakewood Ranch, reserve a spot for next Tuesday. A week from Tuesday and Wednesday in Lakewood Ranch at the Evan Hotel.
SPEAKER 04 :
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.
