In this episode of Best Stocks Now, professional money manager Bill Gundersen dives deep into the volatile tides of the stock market amidst the newest round of tariffs announced by President Trump. As the Dow takes a hit and various sectors such as technology and agriculture navigate choppy waters, Gundersen dissects the winners and losers emerging from these market shifts. The discussion provides insight into the factors influencing these market dynamics, including international trade tensions and their implications on global economies.
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 05 :
And welcome to the Manic Monday edition, Tariff Monday, I guess we call it, of the Best Stocks Now show. Seems like we were here last Monday with the deep seek news. I think I’ll stay in bed next Monday. Right now, the Dow is down 609 points. That works out to 1.4%. The NASDAQ is down 431 points. Chips, especially taking it on the chin, AI stocks, down 2.2% overall as the NASDAQ. The S&P is down 1.8%. It’s down 109%. Small caps really taking it on the chin as they would be affected most, I would think, by tariffs, although it affects a lot of companies. And we’re going to go through the winners and the losers here today on the show. The Russell 2000 down 55 points or 2.4%. The surprise to me is the 10-year. You would think it would be fearing inflation from this move, but instead the 10-year right now is actually down six basis points. to 4.51%. Now that could be a flight to safety, but you would expect interest rates to be up today. Gold is up 1.2%. It’s closing in on a new all-time high. And crude oil is up 1% to 73.24%. Bitcoin getting slammed today. Bitcoin is down 2,400. It’s cleared down to 96,000 after hitting 106 last week. So welcome to today’s Best Talks Now show with professional money manager Bill Gunderson. Just another day at the office, Barry. You never know. I mean, we kind of knew we were going to win. At least we had plenty of advance. Of today’s drubbing, it really began Friday afternoon when Trump said, yes, I am going through with my promise. February 1st, we’re going to slap tariffs on Mexico, 25%. I’m going to slap tariffs on Canada, 25%. And I’m going to slap tariffs on China, which he announced a few days later, of 10%. An additional 10%, yeah. Yes, and his reasoning is several things. Number one, the huge trade gaps that we have. We buy a lot more Canadian product than they buy from us, which creates a trade deficit. And ditto with Mexico. Europe’s even worse. And, of course, China’s horrible. And Trump wants them to buy more U.S. goods. And there’s going to be some pain in between now and then. And we knew that there would be. I mean, if you voted for Trump, you knew what you were going to get. And you’re getting it here today. And we didn’t know what the reactions of the other countries would be. Canada seems to have really stiffened their neck in fighting back with some pretty severe measures of their own.
SPEAKER 06 :
Booing the national anthem at sporting events, I hear, in terms of an NBA game or in Canada or a hockey game.
SPEAKER 05 :
I don’t think Trudeau likes Trump all that well. Another reason is how Canada and Mexico have handled or not handled the borders. And I was listening to a show last night. The guy was reporting from the border in Canada up where Vermont is. He says you can walk right across the border, bring anything in that you want. There’s nobody protecting it at all. Well, I would say that’s partially our fault, but it’s also Canada’s fault. And a lot of that fentanyl supposedly is coming in through that northern border along with other people. from all over the world. So that’s the price you’ve got to pay, I guess, is a tariff war. Markets do not like uncertainty. And, of course, we’re in the midst of earnings season. So fasten your seatbelts for another week of volatility both ways. It works both ways.
SPEAKER 06 :
We knew we were going to get some volatility in this first quarter. I mean, we talked about it in terms of outlook for 2025, some near-term volatility as the first 100 days of the new administration comes in. And that’s normal. It’s going to create winners and losers in certain parts of the economy and certain parts of the market. You know, that creates uncertainty. Of course, you had the deep seek piece thrown in the middle of it, right? That wasn’t kind of a planned volatility moment. But, you know, you knew it was going to be kind of a rocky start just as the market gets used to what this is going to look like going forward.
SPEAKER 05 :
Well, if you’re running to the market to stockpile avocados today for Sunday’s big game, make sure you buy the really hard ones, right, that might be ripe by… We call them rocks in our household.
SPEAKER 06 :
Just hold on.
SPEAKER 05 :
Because the soft ones, they’re not going to make it until Sunday. Okay, so anyways, Friday was going along just fine, and then all of a sudden I saw the Friday fade set in. And by the time it was over, the Dow was down 330. The NASDAQ was down 54. There were only really two good days in the market last week. One day was really good, full of momentum. And Tuesday was pretty good. And then the other days were not so good, and we still have an expensive market, and we’re hitting technical resistance, which I pointed out. I should have called it a little earlier, but in the newsletter on Saturday, I said a lot of these inverse ETFs are really setting up for a swing trade here. I mentioned Europe. I mentioned the emerging markets. I mentioned the small caps, the inverse ETFs. They were all hitting support on Friday after the close while all the indexes were hitting resistance. And then, of course, they got some help, did the inverse funds with all of this tariff stuff that came in over the weekend. Okay, let’s begin. Let’s first start with this story. A third event in the air happened. Over 100 passengers evacuated from a United Airlines flight from Houston to New York on Sunday due to an engine issue. Now, that wouldn’t be so fun. You’re all loaded on the plane, and they had to either use the slide or stairs, and they were bused to the terminal. The engine caught on fire. It was headed to LaGuardia Airport. So what in the heck is going on? Now you’ve got the Washington, D.C. incident. where it appears that the helicopter was flying higher than it should have been. Then you’ve got the incident on Saturday with a Learjet dropping from the sky like a missile. And it could have been a lot worse on the ground.
SPEAKER 06 :
Yeah, right after takeoff.
SPEAKER 05 :
I mean, that’s just baffling what happened there. Almost like it was shot down, and then you have this incident. So I don’t know if I’m going to get on an airplane anytime soon. There’s some issues. Okay, we’re going to get to the earnings, where we stand in earnings season here in a bit, and who we’ll be reporting this week. But first we need to look at this tariff news and the impact that it’s having on the markets today. U.S. agricultural products. Obviously, liquid natural gas, coal, all in focus as Trump hits China with the 10% tariff. That was a smaller one that he announced on Sunday, I think, Saturday or Sunday. That’s an additional 10%. And I would say, I’m just looking at the fallout. The tech stocks seem to be taking it pretty hard today. the Chinese tariff, NVIDIA looks horrible. It really does. I mean, NVIDIA’s chart looks awful.
SPEAKER 06 :
Yeah, no way.
SPEAKER 05 :
And China, you know, they purchased cheap liquefied natural gas from Russia, and they’ve increased their own coal production and whatnot. So the commodities are not doing well, and we wait to see how China will retaliate. Canada, Christina Freeland, who’s no longer the finance minister over there in Canada, she wants to slap 100% tariff on Elon Musk. Tesla. And Canada has also, the state of Ontario, maybe it’s the city of Quebec, they turned off Starlink. which is obviously… I saw something.
SPEAKER 06 :
They were tearing up the contract or something, right?
SPEAKER 05 :
Yeah, symbolically tearing up the contract. Canada has decided to not knuckle under, but who’s going to give? Someone’s going to give, and I would just say… that we have a lot more leverage over Canada. We don’t need their timber. Look around us, Barry. Do we need any more? We need more timber like a hole in the head. We’ve got tons of timber.
SPEAKER 06 :
The problem is we don’t have any mills. I don’t know the last time a significant mill has been created because we ran into the same issue, kind of that go back to COVID where Canada was on more lockdown and we had kind of some – Supply issues coming from there, so maybe similar for a bit.
SPEAKER 05 :
But we don’t need their oil, and I think you can get by without Canadian whiskey for a few months. Well, until this gets settled, I don’t know if you can or not. When we come back, Trump tariffs are the largest shock to trade in 50 years. We’ll be right back.
SPEAKER 1 :
Thank you.
SPEAKER 05 :
And welcome back here to the second quarter of today’s Best Stocks Now show. Well, looking at the Canadian ETF right now, which is EWC, is a good proxy there. It’s down 2.7%, okay, while our S&P is down 1.9%. And Mexico’s ETF is down 2.8%. And you’ve got Deutsche Bank saying that it will put those two countries into recession if something is not done. And Shopify CEO, Shopify is the second biggest company now in Canada. It’s based in Ottawa. And the CEO has some choice words for Trudeau. He doesn’t think that he should be fighting back. He should… He’s saying that he should just give in to Trump’s demands, which we’ll get to here in a minute. But Toby Lubke, CEO of Shopify, is criticizing Canadian Prime Minister Justin Trudeau, who’s not very popular. I mean, he’s going to resign. He’s already announced that he’s going to resign. His favorability numbers are like double, single digits almost, just barely above 10%, 15%, somewhere in there. And the CEO of Shopify says, you know, what Trump is asking for is not outrageous. He believes, Trump believes that Canada has not held its side of the bargain. in terms of the fentanyl dens and the borders, getting the borders under control. How many people have died from fentanyl and got a major threat of illegal aliens coming through that northern border? And that’s what Trump is asking for. And instead, Trudeau’s turning around and slapping 25% tariffs. Of course, this is the first salvo of the war. The negotiations will begin.
SPEAKER 06 :
Well, and I think the fentanyl angle is probably more the tariff angle, I think. Yes. I think at some point, in really everyone’s best interest to figure out the proper terms of trade, But, you know, the fentanyl piece, I mean, it’s an issue. It doesn’t matter if somebody’s Republican or Democrat, right? It affects the entire country. It’s a drain on, you know, health care. It’s a drain on really humanity in general. And so I think it’s a leverage tool.
SPEAKER 05 :
It’s leverage, absolutely. And you would expect Canada to come around because it’s not unreasonable to, You know, El Salvador. No one’s pro-Fentanyl. Who was the country? Colombia. Colombia wouldn’t take in the people. And now they took, after like an hour discussion, they changed their mind. And Venezuela totally turned around 180 degrees. And they’re going to not only take in. the people being sent back, but they’re going to help pay for their flight back to Venezuela. So, you know, this is the opening salvo, and there is definitely a problem up there. I listened to a talk show that had boots on the ground on that border in Canada, which I haven’t been there. I’ve been to Windsor. And the tunnel and everything. And Windsor, you know, a lot of automobile. And that’s one of the areas that’s taking a hit today are the automobile stocks. Because that is an issue. I mean, what does Ford do? What does GM do on a lot of the parts that they’re using to put the cars together?
SPEAKER 06 :
When you can have one auto, you know, you can have one, you know, component, you know, manufacturer, right, who’s a smaller company that goes under potentially, right, and it affects, you know, the entire supply chain. Not different than, you know, kind of times that happened in COVID. Yes. But it’ll be, you know, you can get a disruption pretty quickly, and it can, you know, kind of spiral through an entire supply chain. Right.
SPEAKER 05 :
Alcohol seems to be one of the issues here. Ontario is pulling all U.S. alcohol products from shelves before Super Bowl Sunday.
SPEAKER 06 :
Constellation Brands, you see, they’re taking a pretty significant hit, I believe, today.
SPEAKER 05 :
Yes. And now, let’s not forget, somebody asked Trump on Saturday, what about Europe? Well, I mean, he’s definitely going to go after the European Union because we buy a lot more of their product than they buy of ours. And then there’s the whole NATO issue. And as far as the U.K. goes, I was watching the BBC for a little while yesterday. They say they’re worried too, but Trump supposedly has said we can work things out with the U.K. So anyways, that’s the fallout in the market. The dollar, okay, I’ve got to look at the dollar. It’s got to be moving a lot higher here today.
SPEAKER 06 :
A little strength, yeah, a little strength there.
SPEAKER 05 :
Yep, a little strength in the U.S. dollar. It is surprising to see interest rates falling.
SPEAKER 06 :
Yes, so on the long end. So it’s pretty interesting.
SPEAKER 05 :
Yes, on the long end.
SPEAKER 06 :
Yeah, and the thought there is, of course, on the short end, right, this could keep short-term rates higher for longer. Of course, it keeps the Fed from maybe being able to move if they wanted to at this point. But on the long end, if… Say tariffs are in place for a while, right? One thought is that economy could slow over time, right, which usually keeps long-term rates lower. And then the other piece is, I think you had it today, is also a flight to safety in your note this morning. So both of those combined probably are kind of what I’ve heard in terms of long-term. The disconnect between long-term and short-term rates today.
SPEAKER 05 :
Now, if tariffs aren’t enough for this week ahead, the first full week of February has got a packed earnings calendar. We’ve got Amazon. Ever hear of them? Google, AMD, Palantir, Pfizer, Pepsi, Disney, Ford. PayPal, Merck, Amgen, Eli Lilly, Philip Morris, Qualcomm, Chipotle, Spotify. Today the big one will be Palantir. They picked a bad day to release their earnings. It just came up that way, but maybe they can help turn the market around or they could get caught up in the big selling. And tomorrow will be Google, which broke out to a new all-time high last week. AMD, which has not been a good chart, not been a good stock. And then Wednesday will be Ford. And I imagine they’ll be giving us an update on their situation with the Canadian auto parts makers and tires. A lot of tires come from Canada. And Amazon on Thursday, and if you haven’t noticed, Amazon’s been hitting new all-time highs here recently. So when we come back, we’ll talk a little bit about where we’re at. Okay, we now have, let’s see, 36% of the companies in the S&P 500, that’s what, 180 companies, have now reported earnings. How many of them have beaten the earning? How many have beaten revenues? What’s the quarter look like? Are we going to beat the estimates that we had from early on in this quarter? Where are we going to come in? Last year, the same comparable quarter, the S&P earned $55.56. And we’re on pace right now. We’ll talk about that number when we come back. What kind of growth are we looking for? And then, you know, we looked at earnings, but then the second part of that equation, obviously, is the multiple. Where are we trading at right now with that multiple, all the multiples on the S&P 500? We’ll be right back.
SPEAKER 02 :
This is Bill Gunderson. Thank you for tuning in to today’s Best Stocks Now, Best Inverse Funds Now show.
SPEAKER 05 :
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.
SPEAKER 01 :
And welcome back here to the second half of today’s Best Talks Now show. Guess what happened during the break, Mary?
SPEAKER 05 :
Not only do we have volatility from day to day, we have volatility from hour to hour. We have volatility during the breaks of the show. Trump tariffs on Mexico to be paused one month as Claudia Scheinbaum, their prime minister, president, announces a troop border deployment. Okay, we were just talking about he’s using it for leverage. Look, we can send in troops or we can announce a tariff, right?
SPEAKER 06 :
Now the NASDAQ is only down 1%, just over 1%. And we were down like 2.5%, 2.3% I think when we went to the break.
SPEAKER 05 :
There’s a lesson here in the markets that I’ve learned during my 25 years. And it’s probably one of the harder lessons to swallow. You’ve got to go through a lot of bad days in the market. And, you know, if that earnings picture still looks good, right, you’ve got to let that be your North Star. Absolutely, because if you get caught up, oh, I’ve had clients over the years, not lately, people have seemed to mellow out or something, but I remember in the early days I had a dentist in San Diego. He would call us two or three times a day, you know, worried about the market. And, you know, look, that’s all I know. When I got into it, the Dow was 3,000. Now it’s 45,000. It’s not a gambling casino. It makes a lot of logical sense. Stocks follow earnings. That’s the bottom line. And along the way, you’re going to have a lot of rough days. Look at last Monday. A week ago, Monday was probably the worst day I’ve seen in the market, in the AI sector, in the tech sector. since the year 2000. And yet I didn’t flinch. I knew it would blow over eventually. And that’ll be interesting to see. Canada’s got to be saying, wow, one phone call to Trump saying we’re going to deploy troops on the border.
SPEAKER 06 :
It buys you at least a month, right?
SPEAKER 05 :
And guess what? If they follow through and deploy troops on the border, I’m sure he’s going to back off. I’ve got to believe Trudeau’s a little bit more hard-headed, a little bit more proud, even though Scheinbaum stands her ground down there in Mexico.
SPEAKER 06 :
Although, and she just got in, I believe, and then, of course, he’s on the way out, right? Yeah. So, you know, I don’t know if… He doesn’t like Trump.
SPEAKER 05 :
Right. Trump doesn’t like him. I don’t think they like each other. So, anyways, we’ll see if Trudeau blinks, but that was pretty easy. Scheinbaum bought herself a month and… and halted a recession. Avocados are safe. But they’re probably all gone by now, you know, over there at Walmart. Okay, all right.
SPEAKER 06 :
You know, they move quickly here in Charleston and Mount Pleasant, don’t they?
SPEAKER 05 :
Oh, yeah. Oh, yeah. Big time. You know, if there’s a hurricane coming, the shelves are wiped out in about two hours. Now, 36% of the companies have reported actual results. 77% have beat earnings. So… I say 77% of the companies have been very good at maintaining their sandbagging of the analysts, and the analysts don’t seem to catch on because that seems to be about the average number. The earnings game. Yeah, the earnings game. 63% have beat their sales numbers. And when we started this quarter, we were looking for, I think, 11.7% growth. Now it’s up to 13.2%. So we’re one-third in, which is a pretty good base, a pretty good indication of where we’re going to end up, and the earnings estimates have gone up. We’re now looking for $62.56. If you annualize that, this is the last quarter of last year, we’re running at about $250 now in annual earnings with 12% growth expected this year. The earnings situation still remains good. That $62.56 compares with $55.56. So we were running at about $220 a year 12 months ago. Now we’re running at about $250 a year, and that number continues to go up. We don’t have an earnings problem. The S&P forward PE ratio goes down a little last week, but it’s at 22.04%. And the PE ratio is at 27.7. The highest it’s been in the last 10 years is 30. And the average, you know, has been a lot lower than that. The forward PE is 22.0. The five-year average is 19.8, just under 20. So we’re running a little hotter on the PE ratio, which makes the market very vulnerable today. to any kind of bad news. When this is all said and done, we’re expecting 9.4% growth in earnings, which would end the year 2024. This year that we’re in, we’re looking for 14.3% growth in earnings, and next year we’re looking for 13.7% growth in earnings. So don’t tell me we have an earnings problem and the market is a gambling casino. No. Markets, stocks, indexes follow earnings. Now, yes, the valuation on those earnings is important. But anyways, again, we don’t have an earnings problem. The market’s off to a pretty good start, 2.7% for the month of January. So the January barometer doing okay. The biggest winner so far, the top 10 in the S&P 500. I’m proud to say we own three of them. The number one, Constellation Energy, which is one of our biggest positions. It’s up 34% year to date. And that’s even after last week’s sell-off. CVS is up 26%. General Electric is up 22%. Vistra, which we own, is up 21.9%. And then rounding out the top 10, F5, Starbucks, 3M, DaVita, Meta, which we own. Actually, we own four of the top 10. Meta is up 17.7 year-to-date. And Texas Pacific Land, one you probably don’t hear much about, but we own that in our trading portfolio. We own it in our emerging growth portfolio and in our ultra-growth portfolio. It’s up 17%. So we have four of the ten top performers. Did you hear Johnson & Johnson in there or Kimberly Clark or any of the others, GM, that are so widely held and liked by the big Wall Street firms? This is a good story. I’ve watched it over the last four years. The SEC has been weaponized. edit you know i get targets how many times is the s e c dot after elon musk at the bus since he bought acts he’s at the top of the s e c’s last that of course over in europe they really weaponize it against big tack they monetize that they can speak to him for a few uh… that’s their version of tariffs over there for the s e c is tightening their rules over investigations ok how many times do you read The SEC is opening up an investigation against so-and-so. Well, now they have to be approved. Let’s see who has to approve them. They’re going to have to approve them through some higher-ups before they can start these investigations, which I think the SEC was just a little bit out of control. myself. So anyways, I think that’s a good thing. Okay, so Mexico has caved. The EU is on the way. We’ll find out. That probably happened this week. And the EU markets are already pulling back here. uh in fear of that consumer stocks fall okay they’re kind of caught in the middle here uh not a good place to be and of course we already talked about constellation brands and diageo with all the alcohol canada is known for uh Some beers, I think Molson and, of course, I think Canadian whiskeys and other things.
SPEAKER 06 :
Of course, in Mexico, you had lots of big, I think it’s 60% of beer imports or so or something like that are from Mexico.
SPEAKER 05 :
Yes, metals and miners are sliding as Trump tariffs raise global growth fears. And, yeah, so that’s about it on the tariff side. Now, do you support the tariffs on Canada and Mexico and China? They did a survey on seeking alpha. Well, you know, I would just say the early indications are that they work. Canada caved at the open of the market this morning and said, we’re going to send troops to the border, Mr. Trump. and keep that fentanyl from coming in and uh… we had a raid i don’t know if you noticed it on the newspaper uh… our congresswoman uh… mace nancy mace was in the back seat of a car like christy noem was uh… uh… in uh… i believe chicago but mace was here in goose creek south carolina where they came in to haul the way to drug cartel leaders right there in goose creek over the weekend and you can see that in the newspaper And on X over the weekend. Okay. We’re not going to get through all the news today. There’s still more when we come back.
SPEAKER 01 :
Go where you want to go, do what you want to do, with whoever you are.
SPEAKER 05 :
And welcome back here to the final segment of today’s Best Docs Now show. And, you know, I’ve decided for now we need to catch up on all of our… All of our trial subscribers. We’re going to end it by Friday, this Friday, and take a little break. Everybody that’s got their four-week trials will still be good. Don’t worry. We obviously will fulfill that. Of course, you’re able to sign up and subscribe if you liked it. But I need to give my crew a little bit of a break. My crew is here today. We’re having our annual meeting, kickoff meeting for 2025 in downtown Charleston. So we welcome Edie and Sandy from Arizona and Jennifer from Georgia. And we’re all getting together. We’re going to have a couple of days of fun, show them around Charleston and everything and
SPEAKER 06 :
It’s like a staycation. Yeah. I don’t know if I’ve packed for a staycation before.
SPEAKER 05 :
I was thinking of taking them for a boat ride, but you see the fog today? I don’t think I could.
SPEAKER 06 :
Yeah, I couldn’t even see outside this morning.
SPEAKER 05 :
I don’t know if I want to go on that. All right, now, okay, but we will take them for a carriage ride downtown. I think that’s tomorrow night. That’s a lot of fun. Now, do you see the improvement in the market all of a sudden?
SPEAKER 1 :
No.
SPEAKER 05 :
This is crazy. This is why you can’t panic in the markets. The NASDAQ, which was down, wasn’t it down over 2%?
SPEAKER 06 :
It was down, I think, 2.25% at one point.
SPEAKER 05 :
Yeah, now it’s only down 1%. And the Dow is almost positive. Well, it’s down a third of a percent.
SPEAKER 06 :
basically half the gains, I mean, the S&P this morning, you know, just the futures were down, I think, you know, minus 1.5%, and right now we’re down just under 0.7%, so the how the market narrative changes so quickly.
SPEAKER 05 :
From hour to hour.
SPEAKER 06 :
We mentioned there was going to have this volatility as the new administration takes over and certain things are going to hold and other things are going to be fluid.
SPEAKER 05 :
We found the first Trump, four years to Trump, the first time there was never really a dull moment. And it seems like it’s going to be that way again. And it’ll be interesting. I mean, look, one problem solved for now with Mexico, okay? 25% tariffs off. So that’s a lot. I mean, that’s all your fruits. This time of year, we get a lot of produce. All of our tomatoes come from Mexico. Our avocados come from Mexico. Lettuce, a lot of things come. from Mexico and some from California there. But, you know, it’s important. And that problem is solved for now. We’ve got a 30-day reprieve. If Mexico delivers those troops and gets that under control, I’ve got to believe that they’re going to dodge a bullet or a tariff, I guess. Now we’ll see if Canada blinks. I would think that they would, but who knows? Trudeau’s a little bit unpredictable. Okay, now, all right, so let’s take a look here at a few other stories. Last week it was DeepSeek. I see that Taiwan has banned DeepSeek. The whole country has banned their people from using Chinese DeepSeek. We had the Army ban it. And, of course, a lot of people are worried about it. We still don’t know how many chips they use, how much it really did cost. It would seem that the initial reports that they put out were understated. But it is a change. There’s no question about it. OpenAI has now launched an AI agent called Deep Research, which goes in even deeper down, dive into the internet for very complex tasks. And I think probably at some point there will be pay levels, right? Do you want just a kind of a surface scan, kind of like when you do your cybersecurity software, or do you want to do a deep scan? If you want to do a deep scan, that takes a lot longer. And if you want the really, really good cybersecurity software, you’ve got to pay a little bit more. So do you want just an average answer to your question? Or do you want a really deep seek answer to your question? It seems like AI is going to become a commodity. And I also noticed that OpenAI, which is now closed, using a closed system, they’re considering making it an open system like DeepSeek did. And that was obviously the number one story in the newsletter this past Friday. So if you didn’t get that, You go to GuntersonCapital.com. That’s part of that four-week trial. And you’ve got until Friday. And then we’re going to shut it down for a while. I need my people to catch up. We have just been overwhelmed. By the way, we had over 60,000 downloads of our podcast last month. I think that was a record month. for the Best Stocks Now show. Okay, let’s see what else we got. No, we’re out of time. That’s what we got. Yeah, there’s a few other stocks in the news. There is an earnings report today, the first one of the week. And by the way, it’s blowout. IDEX, which makes veterinary medicine. They’re in the veterinary business. Have you ever taken your dog or cat to a vet and paid the bill?
SPEAKER 06 :
Oh, yeah, just took him on Friday for a little checkup. Thankfully, he’s doing well, but it still cost me $400. He’s a big dog.
SPEAKER 05 :
I noticed we have more veterinary clinics than we have people clinics here in Mount Pleasant. People must have more dogs than they have spouses and kids and whatnot. I don’t know, but Idex Labs is sitting in a sweet spot there. They’re in Westbrook. Is that Maine that they’re in? Westbrook, Maine? M-E? That’s Maine, right? Okay. They’ve got to be the biggest company in Maine at $38 billion in market capitalization. The stock is up $45 a share or 10.7% today. Okay. Well, you know what? It’s not a passive market at all. There’s something to be said for being passive and not doing too much, but there’s also times when there is need for action and being a little bit active in the market when there’s major changes like we’ve seen recently. So anyways, that’s kind of what we do a little bit different. And we do a little deeper dive into the market than just on the surface and scooping up the Johnson & Johnson’s and the Procter & Gamble’s of the world. I think you can tell that from the content of our show. If you’d like to talk to us, 855-611-BEST, 855-611-BEST. And to get a four-week trial, you’ve got until Friday. Before we shut that down for a while, go to GundersenCapital.com. GundersenCapital.com. Have a great day, everybody.
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 SIPC and FINRA.
