Join professional money manager Bill Gundersen as he breaks down the week’s most significant financial developments. From the expected earnings of major corporations to the controversies surrounding private debt, Bill offers a comprehensive analysis of market movements. Discover the importance of high-quality investments and learn how historical insights like those concerning Eli Lilly can impact future stock performance.
SPEAKER 02 :
He’s been seen on CNBC, the Fox News Channel, and the Fox Business Channel. His articles can be found on MarketWatch, Seeking Alpha, thestreet.com, and many other places. He’s the author of the weekly Best Stocks Now newsletter and the inventor of the Best Stocks Now app. He’s president of Gundersen Capital Management. Here is professional money manager Bill Gundersen.
SPEAKER 03 :
Welcome to the Monday, November 17th edition of the 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 would say we’re off to a week’s start here to a new week in the market. Well, actually, there could be quite a bit of big news this week. You’re going to get earnings from Walmart, from NVIDIA, probably the biggest earnings report of the entire earnings season. We’ve still got that Supreme Court decision hanging out there. And a few other things to discuss that are going to happen this week. Right now, the Dow is down 18 points to 47,129. The NASDAQ, on the other hand, being helped by Google Alphabet. Can you believe it? Buffett. Of course, I think we bought it right before Buffett. Barry, I’ll have to look up when he placed his bets on Google, but we own it also. The S&P is up just three points right now, 67.37. The small caps up one point. Pretty dull day in the market so far. The bond market, that’s a problem for me. I think interest rates are too high. The 10-year is at 4.14 this morning. Oil is down under $60 again. That’s good news at the gas pump. It’s at $59.90. Gold is under, no, it’s above $4,075. And the battle for Bitcoin continues. It’s down another $4.78 to $94.808. It remains in a bear market. So welcome to today’s Best Stocks Now show with professional money manager Bill Gunderson, president of Gunderson Capital Management, chief market strategist, and chief bottle washer. And, you know, I do a little bit of the janitorial work here at the firm. I hope you got along okay without me on Friday, Barry. I was writing my newsletter, sequestered away, doing some deep thinking there. I don’t hear Barry. Is Barry here? No, I guess not. We’ll get him patched in here pretty soon. There he is. Okay, there he is. Did you guys do okay on Friday? You didn’t goof off too much?
SPEAKER 04 :
Friday was great. I mean, short of the market not cooperating very much. Of course, we were coming off of Thursday where you had – we’re staying in the market since, I think, early October. Of course, gold had its best week, I think, in over a month and a half last week. So just to – you know, we kind of wrapped up the week. Of course, previewed NVIDIA this Wednesday. Hopefully, you know, Jensen will – Change out the leather jacket for a Superman cape.
SPEAKER 03 :
You know, my fear is that the expectations are so high for Jensen Wang and his NVIDIA company that no matter what he reports, it’s not going to be good enough. That’s just my feeling on it. And, you know, he’s not at the 200% numbers anymore. He’s down more in the 50% to 60% numbers, which are still excellent. But they’re not smoking hot like they were before. So, you know, my expectations are kind of tempered a little bit. We did cut our NVIDIA position in half last weekend. Hey, guess what? I saw another big firm totally sold their entire position. And that would be Peter Thiel.
SPEAKER 04 :
Yeah, Peter Thiel’s group sold their position there. They actually have a big, big position in Google, actually.
SPEAKER 03 :
Yeah, well, it’s a lot cheaper.
SPEAKER 04 :
I think one of the stories that’s also driving Google today, plus, like you said, after that news, I think the Buffett news came out in terms of Berkshire owning Google. So one of those kind of days where, at least news-wise, driven by other people’s stock purchases.
SPEAKER 03 :
Well, you know, I was thinking about going back to the first week of April when it looked like the world, when the stock market ship was going to go off the edge of the world there and, you know, vanish and the tariff tantrums were being thrown and everything. And it was cause for some deep thinking. And, you know, we made a call at that time. And that’s been a very profitable call in the market. Huge call. A profitable call. And now I think with the Fed saying, I don’t know about December and a few other things going on, we probably could put a fork in that. It might be done for the year. I’m not saying that the bull market is over, which began in 2009. it’s still going on the futures or the earnings estimates can certainly support a higher market down the road but we got to that 23 multiple and that’s been a ceiling for the market over the last five years and once again it was a ceiling for the market so you know I kinda came to the conclusion after doing some deep thought and a lot of statistical analysis and looking at a lot of charts that You know, it’s not a time to be in those speculative stocks that led the market here to the levels, the giddy levels that we reached recently. I think it’s a time for, you know, hanging on to the really high-quality ones. But I think, you know, I wouldn’t be surprised to see some compression in that multiple of 23X. We did get down to 22.5 on Friday yesterday. But I think it’s got to get down in the low 20s maybe, you know, for it to be another buying opportunity in the market.
SPEAKER 04 :
Well, your rule of, I like the title of the newsletter this week, rule of 23, not exactly the same as rule of 72.
SPEAKER 03 :
No. The rule of 23 in the Gunderson vernacular says when we get to a forward PE of 23X, now remember the last time that happened was five years ago. During the sugar high bubble of the, you know, the dot or not dot com, but the coming out of COVID when we saw giddiness, we saw Cathie Wood’s ARC funds, which I look as a barometer of where the market’s at as far as frothiness and speculative action. I think her fund probably topped out for the year. That would be the last place I would be invested now as I’m seeing those tributaries being drained. And I had a little bit of fear that the sell-off in crypto would spread a little nervousness and fear throughout the rest of the market. And I think it has definitely chilled the market for now. And especially that speculative end of the market, which, man, I just would not touch with a 10-foot pole at this point in the rally.
SPEAKER 04 :
Yeah, I think leverage, too. I mean, you mentioned two, three weeks ago about kind of getting out of those leveraged stocks. Yes, long time, several weeks ago. So now as these people get out of there, You know, selling one share of some leveraged ETF is like selling two shares of Palantir.
SPEAKER 03 :
Yeah, and the speculative, which I’ve named many times the small nuclear stocks. By the way, I got a good lesson on nuclear energy over the years. Weekend yesterday at church, actually in between meetings, I talked to one of the instructors. He’s been an instructor over there at the nuclear school for two years, and he’s got two more years. He’s here for four years. And he taught me the basics of how nuclear power works in layman’s terms. That was interesting. But that’s not an area you want to be in right now, quantum. There is a quantum stock up today. But that’s considered long-term stuff. And the longer term it is, that is as far as when will they reach profitability. Well, you’ve got your gene therapy stocks in that group. You’ve got your crypto stocks. You’ve got your rare earth stocks. That’s just not a place to be invested in right now. And we pulled in the reins on that stuff quite some time ago. And it continues to get pressured heavily. I also see today, well, Wedbush expects good results from Nvidia. Of course, Wedbush is pretty much a permable on tech and Nvidia and on Apple and on other stocks like that. But they expect good news from Nvidia’s quarterly results. Well, I expect good news, too. But I just don’t know what NVIDIA would have to do at this point in the ballgame to move the needle that much. And, of course, you’ve had SoftBank unloaded their entire stake in NVIDIA. I wouldn’t recommend that. And Peter Thiel’s fund offloads their entire NVIDIA stake also in the third quarter. which makes it two large companies that have now unloaded shares in NVIDIA. We cut half. It was a huge position, Barry. I mean, we were at, I’ve got to figure this out, how many figures? We were at $20 million in holdings in NVIDIA, so that’s how many figures is that? Eight. We had an eight-figure position in NVIDIA, and it had grown up to a very large position, and I just felt prudent to cut that in half. And trimmed it along the way.
SPEAKER 04 :
I mean, it’s kind of been like a little bonsai tree, right? You’ve been kind of snipping here, snipping there, and it’s been that kind of market. You want to kind of take… We’ve had the benefit of three years looking at some of these three-year numbers, right? And compounding these numbers for three years, you want to go ahead and realize some gains.
SPEAKER 03 :
Yes, I think so, even if the tax man is going to have his hand out in April. When we come back, our article last week got a lot of page reads. What do we think the next trillion-dollar stock is? Still a lot of earnings report, and one of the biggest fund managers out there agrees with me on private debt. We’ll be right back. And welcome back here to the second quarter of today’s Best Stocks Now show. Well, Peter Thiel’s fund, he had $100 million in NVIDIA. We had $20 million. We’re 20% of Peter Thiel’s position. Now, of course, he has nothing left. We still have $10 million in it. And SoftBank sold off $5.8 billion worth of NVIDIA stock. And, of course, they will report this week along with quite a few other important stocks. Actually, Palo Alto Networks, Walmart, Home Depot, Target, Lowe’s, TJX, which is still one of the best retailers out there, Ross Stores. NetEase, which is an important Chinese stock, and also PDD Holdings, another important Chinese stock. Well, we finally got our article published, I believe, Friday at 2 a.m. They wanted me to cite some scientific journals. Hey, it’s like writing a term paper over there. It’s all about… earnings and performance and i’m not a scientist here what do you want i write these articles for free for you i do get i get a little stipend on how many page views we got but they’ve got some new ambitious editor over there that’s kind of ridiculous to say the least But anyways, Eli Lilly is getting upgraded at Lear Inc. today. It’s always good to see some confirmation of what you’re saying from others. We think Lilly’s going to be the next trillion dollar company. And that’s not like a bold prediction or anything. It’s almost there now. But we made that prediction several years ago. When it was down around $600 billion, now it’s $960 billion. That thing’s only $40 million away from being that trillion-dollar company. And Lear Inc., we had quite a few page views. Maybe I made minimum wage on writing that article. But you know what? It’s all about credibility and helping the investing public out there. We think it’s by far, by far, there’s not even a close second. I would call Novo Nordisk the closest company to them in the big pharma industry. But they believe, and I do too, that this deal that they made with Trump, has more positives to it uh… then negatives even though they lowered the price uh… it’s going to expand the market considerably uh… uh… getting uh… you know medic medicare backing for the blockbuster weight loss drug they think it will significantly expand coverage for its obesity drug. And I totally agree with that. Now, if you didn’t read our article on it, that’s like our third or fourth article on Lilly. Which, by the way, Eli Lilly… was a Confederate in the Civil War, Barry. Really? And in Indiana? Well, I don’t know that he was in Indiana. He might have been, but that’s where he founded the company. And the company today is still headquartered in Indianapolis, and it still carries the Eli Lilly name, so it’s 149 years old. that Lilly has been a publicly traded company.
SPEAKER 04 :
It’s amazing, yeah.
SPEAKER 03 :
It is amazing. I mean, I don’t know that you can find another company out there with that kind of a history.
SPEAKER 04 :
Well, and the thing is, too, I think with Novo, I mean, the interesting thing is, you know, they’re kind of obviously trying to race to the bottom and kind of win on price. the funny thing is of course you know if lily you know comes with the pill first well then that’s really a cost changer in terms of yeah for them they they can really you know cut the cost so it’s one of the the last you know this is kind of some of the some of the early still developments i think to where at some point i think these drugs are going to be widely available and you know i think the health system is going to figure out that uh you know we can save a lot of money but
SPEAKER 03 :
And greatly improve the health of Americans and save a lot of money on health care going forward. Okay, another guy. We’re doing really well here today. We’ve got the couple big guys, Peter Thiel and SoftBank, selling all of theirs. We just sold half. We just trimmed it in half. We’ve got Eli Lilly. Lear Inc. is agreeing with us on that. We’ve got two more to go here yet, though. We’ve got Gundlach, Jeffrey Gundlach. Man, I could not agree with this more. I liked that interview, yeah. That is just an accident waiting to happen. And it wasn’t that long ago that I listened to an interview with the CEO of Franklin Funds, which used to be totally conservative with their investing. And they’re all in on private debt, saying that’s the hottest sector in the market right now. I couldn’t believe what I heard. And Gundlach says that the boom in garbage lending, that’s the perfect term. This is garbage, okay? And they’re packaging up this garbage into garbage bombs and selling it to the general public.
SPEAKER 04 :
Well, and his interesting comment was he said in years past it wasn’t that big a deal because the garbage was sold to institutional firms, right, who should be knowing what they’re getting, of course. And then, of course, now he said that it’s being marketed, right, to kind of your traditional investor and individual investor, and that’s where eventually you’re going to have a potential problem.
SPEAKER 03 :
I don’t like it at all, and I don’t like the other part of that equation, which is private companies being made available, trying to be made available to folks with 401ks and whatnot, because a private company is very high risk, very high risk. Private debt is like 10 times higher risk than private equity. Myself, that’s the way I believe. You know, and he goes as far, and I would agree with this. In 08 and 09, it was the mortgage crisis because they were packaging subprime mortgages, labeling them as what, AAA or 5A or whatever investment quality. That was a bunch, that was a crock. And those things blew up all over the world. He says the next big crisis in the financial markets is going to be private credit. I 100% agree with that. He says it has the same trappings as subprime mortgage repackaging had back in 2006, which led to a 53% sell-off in the S&P 500. And how many banks went out of business at that time? How many, you know, had to get the TARP funds, you know, like Wachovia is not around anymore. Merrill Lynch had to have a shotgun wedding with Bank of America. Lehman Brothers went down. Bear Stearns went down. Didn’t they learn their lesson? I mean, this is even worse. At least, you know, it was backed by the home, which the problem was the homes didn’t have. They were underwater, and equity was the problem because the homes were overpriced. They didn’t have any equity in them, hardly any at all. Now you don’t have these private debts not backed by anything. I don’t think. What would it be backed by?
SPEAKER 04 :
Depends on the particular dead instrument. I guess so.
SPEAKER 03 :
It could be backed by something. Yeah, some of them may be backed by something.
SPEAKER 04 :
The hard part is not knowing.
SPEAKER 03 :
Not knowing. Oh, I just see this not being a good deal. When does Wall Street ever learn and what will they dream up next? This is Bill Gunderson. Thank you for tuning in to today’s Best Stocks Now, Best Inverse Funds Now show. I put several hours of research in during the wee hours of the morning each day to bring you the very best cutting-edge stories that I can. To get two free weeks of my newsletter, go to GundersonCapital.com. To talk to us about our fee-based only money management services, call us at 855-611-BEST. Now, back to the second half of the show.
SPEAKER 07 :
And welcome back here to the second half of today’s Best Docs Now.
SPEAKER 03 :
Well, you know, I just worry that the private debt and loosening of some of the regulations here, capital rules. I see UBS is in talks of moving their headquarters to the U.S. because Switzerland’s getting too tough, Barry. I just worry that we’re getting too soft, you know, after what we saw in 08 and 09. We don’t want that to happen again, but it just seems to be like it’s full speed ahead with the private debt movement. And again, I’ve said it many times, I am not a fan of that at all. Gundlach calls it garbage lending. Now, what’s Trump buying? You know, there’s another guy who agrees with our philosophy. Did you see the bonds he’s bought recently? He has the same philosophy we have. He bought bond offerings from Meta, Qualcomm, Broadcom. Do we own Broadcom? I think we do.
SPEAKER 04 :
Yeah, we’ve owned a Broadcom bond for probably about three or four years now.
SPEAKER 03 :
He bought a bond from Netflix. We own a Netflix bond.
SPEAKER 04 :
We’ve owned one of those for a long time, yeah.
SPEAKER 03 :
He’s got Boeing. We don’t own that, but I don’t think I’d have any problem lending to Boeing.
SPEAKER 04 :
We looked at it, but they were still in turmoil. It’s one of the reasons it popped up at like 6%. Yeah, we should have bought it. Yeah, we should have, but at the time it did not feel great.
SPEAKER 03 :
No, I mean, Boeing continues to just kill it. They got another big order at the, I think, the air show in Saudi Arabia or Dubai or one of those. They got a huge order, and so did GE, which points up another thing right now. This is a time in the market after this big speculative run and kind of a bubble and everything. What you want to still own is really high quality at this point in time, okay? And I’m talking both the bond market and the stock market. And I think this stuff that we just named, those are the kinds of bonds that we own. If it’s a best stock now, it’s going to be a best bond now too, also high quality bonds. And I think in the equities you own right now, like we still have a big position in GE and GE Vernova and still a lot of other big, large companies, Lilly, obviously. But you get down in those speculative areas of the market underneath that, and I don’t think this is a good market to own those kinds of things myself. Hey, I see that Apple’s CEO, he’s looking at an exit plan. Maybe another year for Tim Cook. And, you know, really the last several years. Now, I just got my new iPhone here, and I had a hard time opening the box, Barry. That doesn’t bode well. That’s not a good start, right? It took me a while to figure out how to open the box. Now, there it is. There’s my brand-new 17B Pro. It’s beautiful. But, you know, you used to go to the AT&T store, and they set it all up for you. Now I’ve got to do it. And I had to wait a month to get my new iPhone. So I’ll let you know how it goes. I’ve got to transfer everything on my old phone, which is cracked. And that’s how it is. The volume doesn’t quite work like it used to. And hopefully this brand new one is going to be a beautiful thing. But it looks like a little bit of a learning curve here to transfer everything over. Google jumps today after Warren Buffett. $4.9 billion. is what he bought. We don’t own that much. If it was a penny stock, we could own $4.9 billion, I suppose. But it’s not a penny stock. But we do own Google. I think it’s having a good day. Let’s just take a look. And you said somebody else bought it also. I’m not a fan of the company Google. They take my app out of the Google Store. It’s maddening to just take it out of there. Why? Because they’ve got some new rule that you’ve got to abide. You have to verify age or something like that. Well, give me advance notice.
SPEAKER 04 :
They update their terms. Constantly. And you’ve got to sign something every time they update it, right?
SPEAKER 03 :
And if you don’t, they take it out of the Google Play Store. I don’t like them at all, and I’m sure they don’t like me.
SPEAKER 04 :
The thing is, you don’t have a choice but to sign it, by the way. Well, yeah, you’ve got to sign it. I mean, what are you going to do, argue with them? I mean, you can’t. I mean, what do they mean? They’re going to say no?
SPEAKER 03 :
It’s some ridiculous little clause in some 90-page document. This is just ridiculous. And, of course, I mean, I have an app developer that I work with, and they’re the ones that submitted it and got it approved, and it’s been in there, no problems. We have quite a few. Subscribers to the app in the Google Play Store and in the Apple, and they did something, too. They changed some kind of little rule. You almost need a full-time person just watching those two websites every day. It’s just freaking ridiculous, and they’re a ridiculous company to work with. It is what it is if you want to be in the Google Play Store. And they would not let me use Best Stocks. Now I had to change the name. So it’s just a total control.
SPEAKER 04 :
Even though it was in their store forever. Forever. With your name.
SPEAKER 03 :
All of a sudden, you’ve got to change the name. Okay, well, that changes everything, you know. It really does. Now people are so confused and ridiculous. Okay, what’s Cathie Wood buying? But we do own Google. We own Google. So if you can’t beat them, join them, right? Yeah. Here’s what Kathy’s buying. And this would be at the bottom of my list in this environment in the market. She’s buying Circle, which is Bitcoin, you know, another Bitcoin. She’s in love with Bitcoin. She lowered her target price to, what did she lower it to? $25 million or something from $100 million. Something crazy like that.
SPEAKER 04 :
Yeah, I think she lowered it to $1 million from maybe $2 million. Oh, okay. Some number, I forget.
SPEAKER 03 :
Never mind it’s at $85,000. It was still a very high number.
SPEAKER 04 :
Whatever the number was, it was still high. That’s why I didn’t even pay attention to where she moved it from.
SPEAKER 03 :
She’s buying Beam Therapeutics, which would be the last stock I’d be buying. In this market that we’re at now, this is a different market than we were in in April and May and June. It was more speculative. She’s buying Twist Bioscience, which is a… You know, a genetic, a gene therapy stock. She’s buying Bitmine Immersion Technologies, which is a recent blockchain Bitcoin IPO, and also Bullish, which is another one. So anyways, I mean, look, she has one style of investing, and she stays with that one style of investing, and she rides it way up. And then she rides it way down and doesn’t have any other way of investing. GE Aerospace secures big orders from the Emirates. and fly Dubai. You’ve got to remember that when someone buys a Boeing aircraft, the Emirates bought 65, so that’s 130 engines, Boeing gives them a choice of Rolls Royce or GE. And Boeing, in this case, the Emirates chose GE Aerospace. So that’s very good order for GE. We continue to own GE, which in my book is one of the highest quality stocks. It wasn’t. But with Larry Culp at the helm and spinning off the power edition or the power version, the power part of the company and the health care, I think it brought out a lot of value in those companies. Emirates orders 65 more Boeing 777X jets. Apple said to step up CEO succession plan as Tim Cook may leave next year. Well, okay.
SPEAKER 01 :
And in the meantime.
SPEAKER 03 :
That’s pretty surprising.
SPEAKER 01 :
I know.
SPEAKER 03 :
That came out of nowhere. Yeah. I think there might be more to that story than we know. Maybe he’s being forced out. I don’t know. But I also saw that they’re coming along with the biggest shakeup in iPhones. Good. Just when I got mine. Yeah. You know, it’ll be obsolete in 12 months, and you’ll have to have the latest new version of the latest one. But they’re going to do a big shakeup. Cook is going to turn 65 this year. uh… and all well over the weekend prominent tech investor russ gerber called for new leadership at apple uh… he says it’s time for a change kill syri is what he’s saying and ask gemini instead uh… well okay i mean that’s one of the problems that apple has had is not really keeping up in the a i race And they feel like Siri is way behind. I’ve been using Grok lately. I’ve been very happy with the answers I’ve been getting from Grok. That’s how I learned about Eli Lilly and being a Civil War veteran. And in the meantime, Jeff Bezos has created an AI startup called Project Prometheus. uh… company with six point two billion dollars in funding okay so there’s no lack of funds out there for these private startups inflows six point two billion dollars of investors money and uh… i’ve heard that from several people even biotech says no shortage but it’s starting to get a little bit stickier now People are starting to look for higher quality ones. And when you got Bezos and Amazon’s name on a startup, $6.2 billion. And I found another new nuclear stock to talk about when we come back. And I’ll give you my little lowdown on how nuclear works. Okay, we’ll be right back. And welcome back here to the final segment of today’s Best Docs Now show. We bought our Alphabet Google position. And by the way, we bought it in our value portfolio, Barry. And who’s buying it? One of the most well-known value investors of all time in Warren Buffett. But I think we probably got in first. We were in on June the 10th in the value portfolio, and we’re up 62% on that position so far. Not too bad. I don’t know when he bought it during this past quarter, so he couldn’t have bought it before June. September 30th. So we were at least ahead of him by three months on our Google position. But he considers it a value, deep value. I mean, does he buy anything that’s not considered by him deep value to have intrinsic value? that is not being recognized. And, you know, look, Google is the number one player in my book, along with Tesla, in Robotaxi with Waymo. They’re a major player in AI. You’ve got this guy clamoring for Apple to ditch Siri. And Ask Gemini, instead, that’s a Google product. That’s Google’s AI product. And, of course, Google still has, and that’s why they call it Alphabet, where you can pay for the search engines to bring you up, right? Like if I bought the word financial advisor in South Carolina, that phrase, I don’t know how much it would cost me, but quite a bit. And that would put you at the top of the search engines when somebody searches that or other searches that you might do. Whatever pertains to your particular business, that’s a very valuable business to be in. That’s why they call their company Alphabet. Like, we own the alphabet. And if you want to own a search phrase, you’re going to have to pay us. because the search engines are going to point to us. But I think that’s being watered down. You know, ChatGPT has had to have taken a bite out of Google. I don’t know how much, but I still think that Alphabet has by far the biggest market share. as it relates to search. You’d have to ask Gemini that question. How big is Google’s… You might get a different answer if you ask Gemini or if you ask ChatGPT, but I still think it’s a dominant… And they have good earnings. I mean, it’s a dominant player in a lot of different industries and tech. And it all kind of meshes together into a very powerful company. And at the lower end of valuations right now, when you’re looking at those big ones. And I’ll tell you, the other one that’s getting down there in that cheap area is Meta. Meta’s a lot more inexpensive than it was, and maybe we’ll see. I don’t know that Buffett would ever buy Meta, but it seems to me like it’s down at that lower end right now, too, on the valuation scale when it comes to those big, giant tech companies.
SPEAKER 04 :
Particularly on a P.E. ratio standpoint. If you look at Google, I was looking at their forward P.E. ratio. I mean, it’s 26, which sounds pretty palatable in this market.
SPEAKER 03 :
Yeah, no, it really does, because the P.E. of the S&P 500 right now is 29. forward pe is 23 so when you can buy is 26 yeah yes 0.3 so that’s not bad okay considering that it’s way better grower than probably 490 of the companies in the s&p 500 yeah and meta at 23 and a half by the way so yeah that’s that’s a market uh pe now in the lily article There’s currently 10 trillion-dollar companies. And that was the first edit that they wanted me to make. They came back and said, well, Saudi Aramco is a trillion dollar, but it doesn’t trade on the U.S. Stock Exchange. You have to buy it on the Saudi Arabia stock. Who has an account in Saudi Arabia to buy Saudi Aramco? Which I thought was a little bit ridiculous to hold up my article. Those articles are like warm bread coming out of the oven. They’re ready to be served. That bread gets stale very quickly. And I wanted to get the article out before it hit a trillion dollars. It could have hit a trillion last week.
SPEAKER 04 :
Yeah, I mean, I’ve heard the new magnificent eight, which is basically the eight, you know, called the eight trillion dollar companies in, you know, in the U.S. market. Yeah, well, there’s ten now. Yeah, well, but the ten, like you said, two of them aren’t here, right?
SPEAKER 03 :
No, no. Let’s see. Let me look at my article here. No, there are 10.
SPEAKER 04 :
Is there 10?
SPEAKER 03 :
Let me look it up because I said you’re going to have to call it the Elite 11 here pretty soon.
SPEAKER 04 :
Okay, so there’s 11. I got you.
SPEAKER 03 :
Well, there will be. There will be when Lilly hits a trillion, which I think is just a matter of time. I’m going to give you the 10 right now. And then there’s two wannabes, which would make it the lucky 13, which would… So right now it’s NVIDIA, Apple, Microsoft, Google, Amazon, Broadcom, Meta, Taiwan Semiconductor, Tesla, and Berkshire Hathaway is number 10. And so waiting in the wings to become number… I don’t believe you should put Aramco in there, but okay, whatever. It’s a trillion dollar. I think it’s six trillion or something like that. But it doesn’t trade in the U.S. stock exchange. Waiting in the wings, Lilly… which could happen this week and then you got jp morgan and walmart that would be the next two and walmart will report this week and i said maybe you’ll see the uh the lucky 13 that used to be a lure we used my father and i for bass fishing it’s a surface lure a lucky 13 it’s white with the red nose and you pop it on the surface of the water and it makes a commotion and the striped bass come up early in the morning because they that’s when they’re feeding and they see that lucky 13 making that a commotion a little fishing lesson we used to use it in the colorado river at bullhead city right below lake at the top of lake havasu below i think lake mojave where they came together. I’ve got a picture. I painted a portrait of me actually holding a giant striped bass that I caught on a Lucky 13 lure early in the morning. So anyways, it does tie into the stock market, believe it or not, and we’re out of time. This has been fun. We’ll come back and do it tomorrow. If you’re not getting the newsletter every week, you’re missing out. Go to GundersenCapital.com and try a four-week trial, and you still get the free version ad infinitum after that until you cry uncle. And if you’d like to set up an appointment with us and get positioned for wherever the next big rally begins in the market, now’s the time to get positioned. And if they’re offering you private debt offerings, I would run. 855-611-BEST, 855-611-BEST. Have a great day, everybody.
SPEAKER 01 :
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