In this episode, Bill Gunderson navigates through the recent market upheavals characterized by economic shifts, tariffs, and volatile indices. Drawing analogies from historical market cycles to present movements, Gunderson unpacks the impact of government policies on market health. Explore the significance of sentiment shifts and chart trends, and discover areas of emerging opportunities in a fast-evolving financial landscape.
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. It is the Monday, March the 10th edition. Do May showers bring spring flowers? Well, we’ll find out. This is Bill Gunderson, president of Gunderson Capital Management. We are having some showers in the market again today. And I’ve got a few analogies to use today. And I hope you read my newsletter over the weekend. This is the Best Stocks Now show, and we are off to a cloudy start in the market here once again today, especially in the NASDAQ, especially in the tech stocks. Right now, you have the Dow down 337 to 42,463. That’s 80 basis points. The NASDAQ’s down 331. Another big hit to the NASDAQ. It’s down 331. It’s down 330 to 17,865. It now trades below its 200-day moving average, which is a very big occurrence in the charts, very bearish occurrence. And once again, I hope you read my newsletter over the weekend. If you want to read it, go to GundersenCapital.com and ask for it. The S&P is down 73 right now. That’s 1.3%. It’s down to 5697. So it’s off now about 400 points from its high. The small cap stocks, they’ve got to be getting hit. Let’s see, the Russell 2000 is down 1.3%. Bitcoin is down a little bit, and interest rates are down about seven basis points right now, another flight to safety to the bond market. So welcome to today’s Best Stocks Now show with professional money manager Bill Gunderson, president of Gunderson Capital Management, in a rainy kind of overcast, dark, gloomy day in Charleston, South Carolina. And you could say the same thing about the market. And, you know, I got to give you a little history lesson here. And I did it in my newsletter. I spent a lot of time. You know, the newsletter takes a whole lot longer. If the market’s just like normal and it’s going up every week, Barry, we make a few changes here and there. The newsletter’s a heck of a lot easier. There’s many moving parts, right? Yeah, there was a lot of moving parts this weekend, and I felt like I really didn’t want to miss anything. i finally sent it out early sunday morning but i want to go back and by the way you know i gave an honest assessment of the of of the market and exactly the action that we’ve taken here recently in the markets and you can go to gundersoncapital.com gundersoncapital.com if you have a 401k if you have a tsp plan if they’re raised whatever the case may be i just gave you my take on what is happening now let’s go back to j let’s Let’s go back in time two years and about two months, okay? So that’s what, 26 months ago. When we wrote our article, the NASDAQ has bottomed. That was on January the 6th, 2023. We were within two or three days of the bottom of the NASDAQ at that time. And if you go prior to that, what led to the NASDAQ finally bottoming, because it was down 35% in 2021, right? I went back and showed what the 200-day moving average and what the charts looked like before the NASDAQ went on that 35% correction.
SPEAKER 04 :
Yeah, 2022 with the pullback.
SPEAKER 03 :
Yeah, early 2022 when the Fed basically publicly announced we’re going to start hiking interest.
SPEAKER 04 :
And they were going half a percent at a time, by the way.
SPEAKER 1 :
75%.
SPEAKER 04 :
We had four 75s in a row. Okay.
SPEAKER 03 :
And I showed what that chart, I did a frozen snapshot in time of what the NASDAQ looked like back in early 2021, four years ago, and what it looks like now. And they look eerily the same. And the reason I say that is because back then in early 2021, the NASDAQ broke down below its 200-day long-term moving average. And that occurred last Thursday, I believe, where it did the same exact thing. Okay, and then after that, obviously, it went down some 35%. It went from 14,000 down to 10,000. And it finally started putting in a bottom. It took off in early January. That’s when we put the buy sign on the market. And we cashed in several big winners here recently, including NVIDIA. It was up 700% in the ultra growth. It was up 400% in the premier growth. We held on to it for over two years. It became such a huge position, and we had to actually change it along the way. Yep. Okay, now here we are, you know, from that buy signal 26 months later. Markets are cyclical. If I’ve learned anything in the 25 years I’ve been doing it, I’ve seen a lot of cycles. Some shorter than others, some long cycles. This cycle’s been a pretty decent one in the tech stocks and in the NASDAQ, okay? I think when we look back on this, you know, the high in the NASDAQ was probably set when it cleared $20,000 earlier this year. The high for now, okay? And how much it’s going to correct. I mean, if it corrects by 35% again this time, that would take it down to… Let’s see, that would take it down to $13,000 from that $20,000 level. I’m not saying that’s going to happen, but we’ve broke below the 200-day moving average, and we’re dealing with something different this time. What are we dealing with this time? We’re not dealing with the Fed on the warpath. They’ve announced that they’re going on the warpath. They signaled all of that back in 2023. What we are witnessing right now and experiencing is a Band-Aid being ripped off. I remember my mother, this is going to hurt, Billy. Whack, and pretty soon, ah, what happened? Well, I would liken that to what’s occurring right now with what Trump is doing, what Rubio is doing, what Besson is doing, what Musk is doing. And I think everybody knew that I think they signaled, and he continues to signal, there’s going to be a little pain before things get better. And, you know, I mean, on the one hand, they hate to inflict the pain, but Barry and I were talking before the show, and doesn’t it make more sense to just get it over with? Because we were in deep, deep doo-doo, man, with the debt that we had and out of control, all of these government agencies that were out of control and no accountability and You’re doing the hard thing.
SPEAKER 04 :
You’re doing the tough thing. Someone has to do it, right? Who knows how long you could… You know you can’t go on that path, but maybe you could go another… You know, who knows how long it could go, but the point is you’ve got to make those changes, and, you know, the government overspending is a stimulus for the economy, and obviously as you pull that back or potentially pull that back, right, you know,
SPEAKER 03 :
these this is the reaction you have yeah yeah i mean i get through all this you want to do it quick and then and then you know move on and then rebuilt from a much firmer foundation uh is the way i look at it so you know in the meantime i would say the two hardest things for the market to deal with and that’s why you know we’ve stepped aside quite a bit you know not not a hundred percent but We’re up there in the high percentages of just stepping aside until this blows through. It’s two things. It’s the cutting of the government spending and getting off of the stimulus. It’s kind of like cold turkey. and the shakes that the market’s going through, I suppose. And the second thing is all of this tariff talk. But you know, Barry, I read something interesting. This GDP that’s going to be minus 2.5% for this quarter, somewhere in there, I saw one of Trump’s guys, economic advisors, he qualified that. He says that was caused by a huge trade deficit In January.
SPEAKER 04 :
Right.
SPEAKER 03 :
That plays into GDP.
SPEAKER 04 :
Into the formula, yes. So the ending part of the formula is exports, essentially exports minus imports. And if that imports number ends up being – is usually negative, right? So that goes to the rest of GDP and can actually make it negative even when – In reality, the economy is growing in that sense.
SPEAKER 03 :
And what made the huge deficit in January? Because all of these people, afraid of the tear-offs, went out and imported a bunch of stuff to get ahead of the curve. Right. All right. So it’s not that the economy, although the media is going to make it sound like the economy is shrinking, that we’re going into a recession because two negative quarters are a recession. We’re going to have a negative quarter, it looks like. The quarter is going to end in three weeks, and we already kind of know the Atlanta Fed. I thought it was 3.8. It’s 2.5 is what they’re predicting. But it looks like it’s going to be a one-time occurrence because of this huge trade deficit. And that’s the other thing the market is dealing with, is the tariffs on again, off again, on again, off again. But look, it shows up in our GDP by having these big trade deficits. Trump is determined to narrow that gap and get a more even and balanced trading atmosphere with many countries in the world. So that’s what the market’s dealing with right now. The bandage has been pulled off, and there’s a lot of owies out there. We’ll be right back. And welcome back here to the second quarter of today’s Best Stocks Now show. So we’re down about, the NASDAQ’s down about almost 15% now from its high. And let’s not forget that the market built in this huge cushion, right, after Trump was elected. that finally ended about the end of January. So you had all of this icing on the cake that probably didn’t belong there. A lot of fluff in there, Barry, especially when you looked at a 35 PE on the NASDAQ. But you know what? It ain’t over till it’s over. That’s just the way it goes in the market. Sometimes the market will add more icing on the cake. But all of a sudden, as things started to ramp up, And the activity, once he got sworn in on January 20th, I mean, it’s happened fast enough to make your head spin. That bandage was ripped off on January the 21st.
SPEAKER 04 :
Yeah, and we were at market highs, too. You’ve got to remember, we hit all-time highs on February, I think, 19th, 18th, somewhere around there.
SPEAKER 03 :
Yeah, that was the fluff that was added in, okay? and uh since then the nasdaq’s down about 15 if you count today and the ai stocks are down about 25 we’re talking nvidia we’re talking palantir some of them down even 25 30 okay but as always as always new opportunities will arise soon Because there’s always a new bull market emerging somewhere out there. And, you know, that’s why, you know, I saw this all start to show up in the charts. And I still remember the first shot across the bow was when it was Palantir, the market leader, Palantir. became the de facto market leader, and all of a sudden there was a memo leaked about the 8% defense cuts in a Hegseth memo, and that stock got walloped. And that kind of set off a chain reaction, really, as I look back on it. NVIDIA shows a blowout quarter, and the stock has traded nuts. Do you know that NVIDIA has lost $1 trillion of market cap? One trillion. I don’t ever remember that happening before. It was a $3.4 trillion company. Now it’s a $2.4 trillion company. The fundamentals didn’t break down, but I think DeepSeek hurt them. I think the valuations on stocks overall, the NASDAQ hurt them. And I think just the sentiment in the market, which turned south in a hurry, also hurt them. A new bull market will be emerging somewhere out there. I mean, whether it’s oil, I don’t know where it’s going to be.
SPEAKER 04 :
And that was kind of the combination that you mentioned. You had deep seek, and then you had kind of that Palantir news. You had some bad sentiment numbers right on Friday, and then you had a bad consumer confidence on that Monday. Yep. And then it kind of took over the earnings season, because from an earnings season, I think what you still get… It was not bad. An A-, I believe.
SPEAKER 03 :
Yeah, it was 18%. A- range, right. It was 18% year over year. Now, this quarter that we’ll end already in three weeks, hard to believe that we’re flying through… Another quarter here, but first I want to go over the overalls. There’s some pretty stunning reversals here to the upside and to the downside. As of Friday, China’s up 21%. Okay, so they benefited from the deep seek, and I think they benefited from money leaving the U.S. and just going elsewhere until things calmed down here in the U.S., uh… china up twenty one point five percent and uh… europe you know that’s that’s a difficult one you know to try to buy into europe now it all happens so quickly and those stocks went up now you’ve got to look at the fundamentals of these stocks but you’ve got europe now let’s see up uh… fifteen point five percent on the year china’s up twenty one point five while the nasdaq’s down about uh… seven percent now on the year so you can see this big uh… difference this has not happened in in in the last decade this is a ten-year kind of a rotation that i started uh… you know monitoring and and writing about a few weeks back about the global rotation that was taking place so you know what i go through the market every day i look for new opportunities Today, kind of interesting, of the B-plus ranked stocks, which is about 230, 50 of them have a Y on the end, meaning they’re overseas stocks. And I’ll be looking at all of those today. So you just never know. Then, of course, you know the inverse funds. The most vulnerable areas of further downside, the small caps, they look horrible. TWM, RWM are the inverse players there. And I still think that the high beta stocks, the fabulous seven, I mean, Tesla continues to get clocked. Meta’s getting clocked. Google’s getting clocked. Microsoft. Today, Amazon’s getting clocked. There’s really no safe place to hide in the tech sector whatsoever, except in PSQ and QID, which are inverse tech, inverse the NASDAQ. So small caps look especially vulnerable. And tech still looks vulnerable for more selling on the downside. And, of course, cash is not a bad option. We are up to, I think, 70% or something. I have to count.
SPEAKER 04 :
Somewhere in that 65-ish to 70.
SPEAKER 03 :
Yeah, one of our portfolios is 80% cash. It’s pretty amazing what has occurred just through natural attrition, okay, breaking those very important support levels. Okay, now, this quarter that we’re currently in, I mean, it doesn’t look horrible. It’s not going to be 18%. It’s going to be, according to the analysts, 7.3% growth quarter over quarter. And, of course, the valuations have gotten a lot more, you know, attractive. But I think there’s still further downside risk because of the horrible sentiment. As I look at some of my target prices on the S&P, they’re more attractive than they’ve been in probably a year. They’re not as attractive as they were back at the beginning of 2003, but they’re a heck of a lot more attractive than they were, say, a month ago before this all started to unravel. So that’s the good thing, too. I haven’t seen any hit to earnings yet, earnings expectations. But the sentiment has taken a kick in the gut. And that’s where you’re seeing, you know, that shows up in the charts. Okay, now let’s take a look at some stuff. There are some earnings reports still on the docket here. for this week and there’s going to be some more we’ve had some kind of weak economic reports i would say we had a bad week last week powell kind of soothed the market a little bit on friday and it ended up but i was not a believer in that that move because it’s the tariffs stupid i mean that’s what it is it’s all of this stuff and all of this government spending that’s being cut and everything okay we do have some m&a stuff going on uh bond traders brace for an economic slowdown lutnick dismisses recession fears USAID, RFK, CDC, new leader in Canada, NATO, and several NVIDIA losing a trillion dollars in market cap. That and more when we come back. This is Bill Gunderson. Thank you for tuning in to today’s Best Stocks Now, Best Inverse Funds Now show. Now, back to the second half of the show.
SPEAKER 07 :
And welcome back here to the second half of today’s Best Stocks Now show. I just looked at some charts here during the break. I’ll tell you, I mean, when a chart like Walmart looks awful,
SPEAKER 03 :
You know the market’s in trouble from a sentiment point of view. I called last week ugly sweater week. It wasn’t ugly sweaters. It was ugly charts. And, you know, I haven’t seen that many ugly charts in a long, long time. I gave several examples as I went through the newsletter. I said, here’s ugly chart number one. I think I ended up with about seven or eight.
SPEAKER 04 :
The title, ugly charts, when I saw it, when it came in, I’m like, oh, yeah.
SPEAKER 03 :
I do not like ugly charts. I don’t like to own ugly charts, and I like to sell them before they get ugly, right? And I think they’re going to get uglier just because of what we’re going through right now.
SPEAKER 04 :
And the velocity this time around. I mean, when you look at the chart, right, it’s hard to – when you’re looking at the chart, right, it dipped quickly, which makes it tougher to sidestep.
SPEAKER 03 :
Yes, very quickly. Unfortunately. But, I mean, that line in the sand, once it’s breached, bang, okay? Now, good chart so far, VIX, VXX, which is volatility. You’re investing in volatility. I have a friend that I taught to help teach that class the other night on charts. He was buying the VIX. calls there uvxy which is two times the vix i think or something like that he he scored a big big one on that he bought the calls for like 69 so because if you think about it what’s what’s the most likely thing in the market right now is continued volatility
SPEAKER 04 :
Yeah, it could be in both directions. I mean, you could have some news come out here in a few minutes, right? And you could have a move upwards. You could have some news come out tomorrow that goes the other way.
SPEAKER 03 :
It’s tough. Right now, I don’t see a catalyst out there. That’s going to do that. You know, look, we had Zelensky come around and say, I’m ready to renegotiate. He paused the tariffs on Mexico and Canada, other things happening on the good side, and it just did not move the market. So you’re just fighting a lot of bad sentiment right now. The small cap inverse, TWM, is two times inverse the Russell 2000, which is already full of junk. And junk doesn’t do well when the sentiment sours on the market. And then TZA. These are just the – I’m throwing out those four because there’s such a difference between those charts. Walmart looks horrible. WMT and VIX, VXX and TZA and TWM, which is two times inverse the Russell 2000. They look very, very favorable right now. Okay, bond traders brace for economic slowdown, but Lutnick dismisses recession fears. Now listen, he’s a Wall Street guy. He ran Cantor Fitzgerald. He lost, what, 80% of his firm because they were based in the towers when 9-11 hit.
SPEAKER 04 :
I heard him speak years ago in Nashville, actually.
SPEAKER 03 :
Really?
SPEAKER 04 :
Yeah, probably. I’d say it’s been about 15 years now.
SPEAKER 03 :
I like him a lot.
SPEAKER 04 :
It’s pretty moving, I mean, when he tells that part of the story. But he’s a sharp guy, and so is Besant, right? They both have a… The thing is, it’s hard to – I think right now everything focuses on the negative side, right? Cuts here, cutting the budget here, cutting people here, right? And tariffs. And then what’s hard to see, and it’s hard to calculate, and it’s hard to quantify. It’s easy to quantify we got rid of 45,000 workers, right? It’s hard to quantify – Well, we got rid of some red tape and regulation here. We’re promoting some investment there. Encouraging manufacturing here.
SPEAKER 03 :
Things may get more expensive on Chinese goods, but Lutnick says they’ll get cheaper on U.S. goods. He says there’s going to be no recession in America. He told NBC this. He says Trump plans to grow the U.S. economy in a way we’ve never grown before. uh he says if i were you i would not bet on a recession no chance said lutnick he insisted that while some foreign-made products may be more expensive american products will get cheaper okay that’s lutnick and then of course lawrence fuller who’s also a smart guy he’s the one that said the sharp contraction in january in the gdp was due to a huge trade deficit at the start of the year that subtracted approximately three point five from gdp the trade deficit ok the trade deficit not a slowdown in the economy the trade deficit because businesses ramped up imports to front-run trumps tariffs u.s. cancels eighty three percent of u.s. aid programs marco rubio says well that’s a band-aid being ripped off RFK plans to meet the big food leaders today about the additives and the chemicals that Europe has already removed from their foods, but we haven’t. That’s a band-aid being ripped off for our health. The CDC plans to study possible link between vaccines and autism. Why wouldn’t you do that study? Can it hurt? I mean, it can’t hurt. There’s a lot of, there’s something. Is it the food additives by the, you know, the chemicals in the food? What has increased our autism rate to 1 in 35? Shouldn’t we get to the bottom of that? Mark Carney to replace Justin Trudeau as Canada’s Prime Minister. I’m just happy it wasn’t that Chrystia Freeland. who was the runner-up in that because she’s pretty much way out there. Mark Carney is way out there, but not as far out there as Freeland is.
SPEAKER 04 :
Isn’t it interesting, like the Canadian guy, what he’s done, he’s been… Trudeau’s gone. Yeah, but he was also on the… He did Brexit with… He was on the… I guess the Bank of England board, right? You would likely want to avoid any tariffs in general.
SPEAKER 03 :
Yes, and Trump has threatened their dairy products and their lumber. So we’ll see where that goes, but Trudeau is out. NATO chief urges defense contractors to ramp up production. Okay, that’s another Band-Aid being torn off. All of a sudden, Europe’s realizing… hey we’re gonna have to pay up to defend ourselves because we can’t count as much on the US as we used to and of course those European defense stocks such as BAE SY and even some of the Israeli defense stocks are flying higher the meantime Nvidia loses a trillion dollars in market caps and sitting a record high earlier this year I don’t think I’ve ever witnessed that before we didn’t have trillion dollar companies
SPEAKER 04 :
Well, I was just looking at Walmart. They’re down 17 from their high.
SPEAKER 1 :
17%?
SPEAKER 04 :
Down 17%. Yeah, okay.
SPEAKER 03 :
Yeah, so if your account is down wherever you’re at, don’t blame the guy running it, but are they taking action? There’s the question. Okay, earnings week ahead. Well, okay, Adobe, Oracle, DocuSign, Ulta Beauty, Dollar General, which I see Dollar General has a new line of dishware, the Dolly Parton line, Barry, so… Dolly, she’s quite an entrepreneur. That comes with the bust of Dolly. No, I’m just kidding.
SPEAKER 04 :
Yeah, just her husband passed away, what, I think like a week ago or so. But I used to, living in Nashville, you would always take people, just drive by and she had a big gate out front. And you’re like, oh, there’s Dolly’s house.
SPEAKER 03 :
Yeah, you know.
SPEAKER 04 :
Drive by on the way to work.
SPEAKER 03 :
Her performance at the Academy Awards, which I did not watch. Was it the Academy Awards or the Emmy? I think it was the Academy Awards. They said it was just one for the ages. So, you know, to celebrate, we’re going to Dollywood for spring break and staying at the Dollywood there. It’s Redneck Disneyland. That’s what it is. And I like going there. It’s a lot of fun. Anyways, Dollar General, pick up your dish set. The Dolly Parton dish set. Okay, what else are we going to get? T-Quantum.
SPEAKER 04 :
Your coat of many colors, too. Don’t forget.
SPEAKER 03 :
Yes, okay. Let’s see. You know, Adobe. That’s a big one. Oracle. Oracle’s pretty good. Lee Auto. That’s a big one. DoorDash Rallies. It gets put into the S&P 500. There’s a sign of the time. I mean, that’s the fastest growing restaurant chain in America because it’s all of them, right? Anybody who delivers food, DoorDash or Uber, basically in on that. But having said that, we were an owner of DoorDash, and we sold it because it broke below our line in the sand. That’s another not pretty chart. And here it’s being added to the S&P 500 today. The one that they were hoping to get added isn’t getting added. And that is the number one inverse ETF. I’m creating a new sector for single stock ETFs. That’s a new animal. That’s a totally new animal.
SPEAKER 04 :
Yeah, but Coinbase, yeah, Coinbase down 10%. They were hoping to get in and did not make the cut.
SPEAKER 03 :
Yes, and the inverse of that is Kony. Coney Island, C-O-N-I, is up 10.6%. That’s the number one ranked inverse fund, single stock inverse fund out there. So that’s a whole other way to have fun at the market, right? Inverse ETFs on single stocks. Coinbase is the worst one right now. We’ll be right back with some more. Poor Elon, he’s lost some money lately.
SPEAKER 06 :
Thank you.
SPEAKER 03 :
And welcome back here to the final segment of today’s Best Docs Now show. Rocket Company agrees to buy Redfin. The reason I bring up Rocket, the last time that we went to Detroit, Barry, Rocket is a big, big company there headquartered in Detroit. It and Little Caesars, right? A couple of big, big ones there. And, of course, you’ve got some auto companies. makers back there yeah and we will be back uh in that detroit area yeah spring spring uh early late spring sometime in there uh we got to get to cleveland before we go there it’s next on our schedule after sarasota i’m anxious excited to go to cleveland But I got on the little tram that takes you to the rental cars with a bunch of Orthodox Jewish guys from New York. They fly in to Detroit for the week and sell mortgages for Rocket Mortgage. I said, who do you guys work for? Rocket Mortgage. And I thought, that’s interesting. But anyways, Rocket is buying Redfin for $1.75 billion dollars. Well, I guess you could say things are about as depressed as they could be right now in that real estate market. There should be some synergies there, I mean, you would think, right? Well, yeah, to get the mortgage, yeah.
SPEAKER 04 :
And the house piece, right, and put them together. I was looking at the… Because remember, they owned a bunch of houses. That was their… Remember, at one point, they bought a bunch of houses and they… Timing was a little off, and that kind of put the stock down a bit for a while.
SPEAKER 03 :
But he’s a very well-known guy back there in Trump, and I can’t think of his name right off the bat. But the stock’s down 14%, Rocket is. It was breaking out on Friday because interest rates are headed down. We’re down around 4.20 on the 10-year right now, so that puts the 30-year probably in around the 6.5 area or so. So anyways, there is some M&A going on. I see Checkpoint Therapeutics is being bought out. And then I saw one other one here. I can’t find it right now. But there was one other one that was up 68%. Oh, no, it’s Redfin. Redfin’s up 65% on that news. We should have bought Redfin. You know, Redfin’s been beaten up. big time along with zillow because of the cratering of you know home sales uh let’s see what else we got going on here uh we’ve got uh we talked about dollar x ping okay talk about a good chart now these chinese ev stocks okay XPEV is eyeing mass production of flying cars and humanoid robots by 2026. And the stock’s breaking out to hit new highs. $22 billion company. Now, I was talking to a friend over the weekend about the woes at Tesla. And the invasion of the Chinese EV car into Europe, $30 million price range for one of them BYDs. I had actually somebody that has driven one said they’re pretty nice cars for the price. And of course, I’m sure China is subsidizing them to some extent.
SPEAKER 04 :
Well, I mean, you had the reports, I don’t know, six, seven months ago or something of like, you know, basically a bunch of EV cars like in a field. Yeah, that’s true. You know, almost like they were kind of like they did with their property market. Remember, basically building ghost cities. But, you know, whichever way it is, they’re still rolling them off the line. They’re still rolling them off the line.
SPEAKER 03 :
Yeah, okay, so anyways, you know, if you want a Tesla alternative in the way of a stock, and then I see, I bring this up because just the horrible chart on this stock is horrible. we sold it at nine hundred and thirty nine service now today at seven it’s a down a hundred and fifty points below where we sold it they’re making their largest acquisition yet now they’ve got smart people i mean there’s that’s still a good company but this sentiment And the market right now is horrible. I mean, that’s CEO Bill McDermott, who is a legend in the software industry. He was the CEO of SAP out of Germany. But look at that chart on ServiceNow, N-O-W. That’s a nauseating chart. That goes beyond an ugly chart. and you know it’s not like the fortunes there have changed that all of a sudden sales have dropped through the floor much of this is sentiment against these stocks so that’s why you have to have a line of defense and I guess if you have an account somewhere else you’re going to find out very quickly if who you’re with has any line of defense at all I find that most most the vast majority Have no sell discipline whatsoever. They watch things go into the tank and then some. You know what, it finally takes a call from the client saying, hey, are you guys doing anything over there? That’s usually what it takes to get somebody to call you back and actually do something. Okay, one last one. Franco Nevada, they report earnings. The gold and silver stocks, they’re holding up well. They’re doing well. They’re profitable. They’re growing their earnings because gold prices are up near $3,000 per ounce. That’s also an alternative right now to tech. cash, some inverse funds, some tech. And then, of course, there are some stocks that are still behaving well that are non-tech, non-tech. We still own those because they’re holding up well. Okay, well, you know what? The Band-Aid has been ripped off. The bleeding continues. Another ugly day in the market today. If you did not read the newsletter on Friday, I spent a lot of time on it, and I showed a lot of ugly charts. uh… charts that we sold and i mean they just continue to go down after we sold them so get the newsletter get the four week trial to the everything uh… the newsletter the live alerts during the day access to the app the app is going to show where the new bulls are arising And I’ve got a list of 600 to go through here. It’s a totally different list than the one I was looking at in January. I don’t see Palantir there anymore. I don’t see NVIDIA. It’s a whole different list to go through today. Go to GuntersonCapital.com to set up an appointment with us. We talk to people every day from all walks of life, from all over the country. We are diligent. We are active. And, you know, we try to do the absolute best that we possibly can for our clients. Give us a call at 855-611-BEST to set up an appointment. 855-611-BEST. Have a great day, everybody.
SPEAKER 02 :
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.
