Discover the unexpected surges in gold prices and take a closer look at the outstanding performance of Taiwan Semiconductor amid shifting trade policies. With discussions extending to the potential fallout from Meta’s antitrust litigation and the positioning of major pharmaceutical companies like Lilly, this episode offers a comprehensive overview of today’s dynamic market fluctuations. Stay informed with in-depth economic analysis, revealing the underlying factors affecting global stock trends.
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 Good Thursday 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. And if you took UnitedHealthcare out of the equation, it’s a pretty decent open for the market. But… UNH is a big component, obviously, of that Dow Jones Industrial Average and it’s down about 17% last time I looked. I say kick it out of the Dow. Replace it with Lilly. The Dow is down 390. And again, it’s mostly because of UnitedHealthcare. The NASDAQ is up, however, about 35 points right now. Not too bad of a rally there in tech today. The S&P 500 is up. 23 points today, which works out to 43 basis points. Not much happening in the bond market today. It was down one basis point to 4.28 as the ECB cuts for the second time this year. What’s up with our Fed? No cuts. We’re behind the curve, at least as the world goes. Gold is down today. Man, I haven’t seen that in a while. Gold is actually down 25 basis points today. And Bitcoin is up a little bit. It’s up around $84,000 right now. So welcome to today’s Best Stocks Now show with professional money manager Bill Gunderson, president of Gunderson Capital Management. And even though the markets have stabilized here recently, and some are saying, that a bottom has put in, we’re still getting some volatile days in the market. Take yesterday, for instance. You know, yesterday seemed to be mostly Jerome Powell with this really hawkish talk. which I think was uncalled for, but that’s just me. And also the NVIDIA H20 chip issue with China, the licensing issue. You know, that’s a new wrinkle because that’s not the Blackwell chips. That’s the step below the Blackwell chips that now is being restricted. And that cost us 700 points on the Dow yesterday, and the Nasdaq was down 516 yesterday. We weren’t hit that hard. I mean, we have some large holdings in gold right now, which hit a new high yesterday, and other stocks. But just pure tech yesterday had a pretty rough day. And guess who’s in China today, Barry?
SPEAKER 04 :
Who do we got there?
SPEAKER 03 :
Well, we got Jensen Wang.
SPEAKER 04 :
He’s all over the place. That leather jacket’s getting worn out, isn’t it?
SPEAKER 03 :
You know, I don’t know how that’s going to work out. I mean, he’s kind of caught up in the middle. I think they want to get to the bottom of how those chips, tens of thousands of the black, well, the high-speed chips ended up in China with DeepSeek, and DeepSeek wasn’t really being honest about, of course, what would you expect from DeepSeek. They said, we did it with very few NVIDIA chips. Well, that’s not true, tens of thousands of chips, and they weren’t supposed to have those chips. How did they get into their hands? You know, you would think that somehow it happened in some kind of, you know, like we open up an LLC over here and one over here. We skirted it in some form or fashion. Yeah, I don’t think Jensen Wang knowingly sold Blackwell Chips to them, defying the restrictions. So anyways, that hurt NVIDIA. It’s hurting it a little bit here today also.
SPEAKER 04 :
And Powell was kind of scathing yesterday, and I heard you mention Powell at the beginning and, of course, your note from yesterday afternoon. It was, you know, he’s usually stayed pretty neutral as of, you know, and, of course, you know, I don’t think the Fed wants to make another mistake because they were, you know, behind the curve in terms of, you know, raising rates, the whole transitory thing about inflation and whatnot. And so, you know, I think they are going to move slow regardless. And essentially, you know, instead of… Just saying nothing or saying uncertainty is why. He kind of laid some cards out that he really hadn’t laid out before.
SPEAKER 03 :
Well, I think that Trump has a legitimate beef with Powell. I’ve watched other reserves around the world. The ECB cut for the second time now. And it’s only April. The Bank of England has been cutting rates.
SPEAKER 04 :
The difference is both of them have a growth problem, too, right?
SPEAKER 03 :
Well, okay, well, Powell is pointing to a growth problem also, right? He foresees a growth problem. It’s obvious that he does not like Trump. Which is not a good position to be in. I mean, his term is up early next year. And Trump does not like Powell. So you’ve got a huge rift between the… Everybody else seems to be in sync. Of course, the Fed is supposed to remain independent. But I think Trump has a legitimate beef that Powell… should not be talking hawkish like that when other banks around the world are lowering interest rates. That’s just my take. I’ve never really been a fan of Jerome Powell, and Trump certainly, he’s calling for his immediate ouster.
SPEAKER 04 :
He’s certainly always – I feel like the market has gone down more when he talks than gone up when you talk about Powell over the years.
SPEAKER 03 :
You know what? He has been behind the curve, and he disagrees with economic policies. That seems to be what’s influencing Powell, and that shouldn’t be. And I think he’s also being influenced by his own – politics as the chairman of the fed so whatever i mean trump not happy with him pal not happy with him and the meantime uh you know the second cut this year for the ecb european indexes were in the red waiting that ecb interest rate decision and they did decide to cut Nikkei, Japan, having a good day. This is probably going to be the first win in the negotiations with the 90 countries. Obviously, Japan is number two, number three maybe. I think China number one. Maybe Canada and Mexico are ahead of Japan, but we do a lot of buying from Japan, and they have a big trade surplus, and we have a big trade deficit. But Trump yesterday said that there’s been big progress made in direct trade talks with Japan. And, I mean, at one time, Japan was kind of the China. I mean, they were the one. Remember when everything was made in Japan?
SPEAKER 04 :
You bought some kind of… I mean, they’re the original.
SPEAKER 03 :
Yes, they’re the original. And they’re the original ones. You know, we let their cars and their vehicles in here to America. And pretty soon, you know, Datsun, Toyota… Mitsubishi and all the others became huge hits.
SPEAKER 04 :
They were big in automation. In terms of some of their automation and how they could crank things out across the assembly line.
SPEAKER 03 :
Yes. Well, Japan was hit with the 24% tariff across the board. They’re currently on a 90-day hold. but they are coming to an agreement very, very quickly. I’m sure there’s going to be some kind of a tariff on Japanese cars. I don’t think they’re going to get off scot-free.
SPEAKER 04 :
Because I think it’s really. They do manufacture. I mean, I guess one thing for them is they have made an investment right into the U.S. You know, I don’t think they’re going to get that U.S. steel deal made. No, no, no. So anyway. In Italy, Italy’s next, I think I saw it this morning, Italy’s next up. So I think we’re doing a little meeting with them too. Yes.
SPEAKER 03 :
So anyways, Japan’s March trade surplus, we don’t hear that word much. We always have this massive deficit, about a trillion dollars a year, while China and Japan, well, Japan had a record trade surplus, and I’m sure people are getting ahead of the curve there.
SPEAKER 04 :
Was it $50 billion? I saw the number. I want to say it was around $50 billion in terms of the surplus.
SPEAKER 03 :
Yes, huge. Okay, so now Ukraine, rare earth minerals. There’s an update there. Ukrainian minister announces significant progress in mineral deal talks with U.S. Okay, that’s been in the news almost every day. I mean, we’re looking under the ocean. We’re looking at Greenland. We’re looking here in America, Mountain Pass. We’re looking near Las Vegas for rare earth under the ground. And, of course, you still have that wild card of Ukraine out there. It’s pretty obvious that it’s important. It’s an important gap that needs to be filled. And in the meantime, you have China putting a ban on us having any of their rare earth minerals. So progress being made on the Ukraine deal. In the meantime, gold is just sitting back there and going, you know, we’re hitting a new high almost on a daily basis. Today it’s down. It was down a quarter per percent. Rare enough. But yesterday, you know, I sent out several charts. And I was also on X yesterday, sent out a few charts there on the whole rare earth and gold saga. We’ll be right back. And welcome back here to the second half, second quarter of today’s Best Stocks Now show. Well, how big was that move in gold yesterday? It was the biggest move in five years. I mean, we’re going back to COVID of 2020 when panicked investors were hoarding the metal at the outset of the pandemic. So what’s up with gold? You know, it’s just that probably of all the asset classes out there has done better than any other asset class since Trump took office.
SPEAKER 04 :
Well, it’s one of those that you kind of, you know, during this whole downturn where we talked about, you know, what are decent hedges, right? It was, you know, inverse ETFs really weren’t, you know, aren’t really on the menu this time around, as we’ve mentioned.
SPEAKER 03 :
Yeah, you can get clobbered real quickly.
SPEAKER 04 :
Yeah, going the other way. And so that was really cash. And, you know, you added some gold there, too. So Those are the two things that you kind of acted the right way.
SPEAKER 03 :
Well, I’ve learned all these things during my years in the market. What does good during certain situations? You know, like in some situations you’ve never seen before. What does good during a pandemic? Well, yeah, inverse funds do real well. Glove stocks and clothing that shields you does very well. 3M. Yeah, what does well during a rising interest rate? Well, that inverse double bond did fantastic. It was up 99% that year. We’ll add this to your list. What does well during a tariff war? Gold. All right, so remember that for the next time we have a tariff war. The Philly Fed drops to minus 26.4. You know, I never gave too much credence to the Philly Fed myself as an indicator. You know, I think it’s not like a real steady. I think it’s very sensitive to certain things. I do give a lot of credence, however, to the initial jobless claims. How do you like that?
SPEAKER 04 :
I was waiting to get to that one. Yeah, I mean, you got unexpectedly dropped, what, to 215K, so dropped by 9,000. I mean, the four-week moving average is 220, as we’ve talked about. I mean, you’ve got to get up into that 300 range.
SPEAKER 03 :
Yeah, we’re still a very strong jobs market. Which also you could say is inflationary, but I don’t think so, not at this point in time. Housing starts drop more than expected in March, but building permits surprise us. This is not a good environment. I mean, there was a good environment. The housing stocks were one of the leading sectors in the market. Right now it’s kind of been the insurance sector that’s been the leading sector. But you go back a few years ago and rates were very low before the Fed went on the warpath. And housing stocks were on fire. Building supply stocks were on fire. The shortage in homes nationwide was a big factor. But now that rates are up around 7% for a 30-year mortgage, that’s another reason I think the Fed should be cutting rates here and there. That has not helped the housing starts and the building market. So anyways, the Trump administration orders a halt to Equinor’s, which is a Norwegian company, New York offshore wind project. Okay, that’s a big, very controversial project. And I guess Bob Dylan was wrong. The answer, my friend, is not blowing in the wind. It’s, you know, I just think wind is very inefficient. For the disruption that you’d have to cause to the crate to the ocean floor, where there’s flounder and there’s lobsters and there’s cod and there’s all these delicious delicacies down there. To put in wind farms and disrupt that whole ecosystem, I’m not a fan of that.
SPEAKER 04 :
Well, they’re deteriorating, obviously. They deteriorate, they kill birds. If you live close to the shore, you know the saltwater eats anything, right?
SPEAKER 03 :
It eats anything.
SPEAKER 04 :
It doesn’t matter if it says saltwater resistant, saltwater proof, it’s still going to happen.
SPEAKER 03 :
I live on a saltwater river. I’m not in the saltwater, but it eats everything at my house if it’s left out.
SPEAKER 04 :
Even wood rusts.
SPEAKER 03 :
Oh, man. Okay. UnitedHealthcare. What are we going to do with UnitedHealthcare? How many times have they had issues at UnitedHealthcare? and yet they still remain a member of the Dow Jones Industrial Average. Well, the Dow wants a representative in there from managed care. And, of course, United is a half-a-trillion-dollar company. Well, not anymore, not today. It’s down 21% today.
SPEAKER 04 :
Yeah, and the trick is in this environment, right, defensive stocks, right? You’ve heard a lot about defensive names like Dow. And historically, this would be a sector that you would go to for a quote-unquote defensive move.
SPEAKER 03 :
Well, the insurance stocks are doing great.
SPEAKER 04 :
This is basically an insurance stock. Yeah, but you’ve got this stock down, like you said, 21%. That’s a huge move for UnitedHealth.
SPEAKER 03 :
But this is about the third or fourth time that they have just totally whiffed. uh… and been clobbered and of course as a member of the dow that’s what’s bringing down the dow when you have one of those thirty stocks down twenty percent if you do the math that’s a lot of points in the dow and uh… i really don’t know that i would have them in the dow but i do realize the problem is barry the last time i looked health care is like twenty percent of our economy twenty one percent of our economy So you have to have I would replace it personally with Lilly. But, you know, they want Pfizer in there, which hasn’t come up with anything in years. And they want Merck in there.
SPEAKER 04 :
Well, Lilly’s going the other direction today.
SPEAKER 03 :
Lilly is my next story. They’re having a huge day today. OK, why can’t. Pfizer, why can’t Merck, why can’t Bristol Myers, Glaxo, and the others hit all the home runs that Lilly continues to hit? And you’ve got Novo Nordisk going the other way. Not only are they going to be subject to tariffs, more than likely, on their Wagovi, but this is a loss for them here because Lilly comes up with… The story on Lilly is it’s oral, GLP-1 receptor… In a phase 3 trial. Yes, it’s diabetes now. Type 2 diabetes. It absolutely clobbered the expectations. And their main rival, which is Novo Nordisk, fell 5%. So anyways, it seems to me like they’re coming to a replacement for the shot in your stomach for weight loss. and instead they’re moving in the direction of an oral treatment for this. That’s what I’m reading into this. I mean, right now they’re saying that it’s working on diabetes, but it seems that’s what GLP was originally for. GLP-1 was for diabetes, and they found it was for weight loss. So if they’re coming up with an oral drug that succeeds in the Phase III trial, This would be a major home run, you know, where there would be an oral drug for the weight loss.
SPEAKER 04 :
And oral drugs are easier to, by the way, are easier to actually make.
SPEAKER 03 :
Yes. Cheaper to make and faster. Everything. Much more. So Lily is up 12.4%. It’s in our value slash relative value fund. There’s never been a better time to be shopping for values. We’ll be right back.
SPEAKER 05 :
This is Bill Gunderson.
SPEAKER 03 :
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 06 :
Instigator Because there’s something in the air We’ve got to get together sooner or later.
SPEAKER 03 :
And welcome back here to the second half of today’s Best Stocks Now show. Well, other companies, this whole NVIDIA thing, you know, NVIDIA is going to take a $5 billion one-time charge on, I guess, I don’t know, things – that they had already chalked up, you know, as a sale to China. Now they got to back it out somehow. And AMD is going to take a $800 million charge. And it all comes down to this sudden yesterday, the restriction on the H20 chips. And so I don’t know. I mean, it’s going to work out somehow. But as of now, you know, they have to get a license. NVIDIA would have to get a license from the government, which probably wouldn’t be granted, I don’t know, for selling them the H20 chip. So that’s been a bit of a drag. I mean, you’ve got two Dow stocks now. NVIDIA is down 4%. We still like NVIDIA. I mean, I can’t think of a better CEO to invest in out there right now uh than jensen wang but in the meantime we’re going through a little bit of a uh you know that’s the problem with with with the tariffs there’s a lot of things that got to be worked there’s a lot of the devil’s in the details right i mean ford is saying you know we’re gonna have to raise the price of cars uh here so i think it’s all going to work out But the main thing is trying to get all of this stuff that’s being offshored, especially sensitive stuff where there’s big national security concerns, getting it back to the U.S.
SPEAKER 04 :
Well, it’s also part of the non-tariff portion of these trade agreements, right? I mean, that’s a big piece. Certainly on the defense side, things that, you know, we may be willing to allow to go over, and then other things that we won’t. Obviously, we’ve heard a lot about the rare earth minerals over the last few days.
SPEAKER 03 :
The devil’s in the details. And I think there was a big step forward with she laying down the rules. Okay, we’re ready to talk, but we want to know who we’re negotiating with. We want to know the shape of the table. We don’t want any disparaging remarks being made by members of the cabinet. So anyways, I feel like that was a big, big thing. Now we’ve got to talk about META for a minute here. Would Instagram survive on its own? A lot of analysts, so this is something that has just come up to here, really, is this latest on Meta. They’re in court. Meta is embroiled in antitrust litigation with the FTC over its takeovers of Instagram and WhatsApp, which it acquired way back in 2012 and 2014. They’ve owned them now for, you know, over 10 years. Opening arguments were presented before the federal court on Monday. How would Meta fare without Instagram or WhatsApp? Well, they still belong to Meta. They would have to spin them off. I don’t really see where this would have any impact. But there’s a few people saying, we believe that Meta could survive losing Instagram and or WhatsApp. These days, Meta functions more like a holding company. And this is coming from UFD Capital. In our opinion, much of the value they generate over the coming years will be from new initiatives rather than iterations on their existing platforms. Losing one or more of these platforms will be detrimental, but probably not the end of the world. So anyways, the question is whether they would survive on their own as a spinoff company. Instagram.
SPEAKER 04 :
They probably, I guess, they would have, likely sell it. Who knows how much they would get for it. But there would be some shareholder value unlocked there. But I’m sure they’d certainly rather keep it.
SPEAKER 03 :
Yes. Well, I mean, right now, Instagram and WhatsApp benefit because they cross-platform data from meta. Okay, so it’s all one big unit. But at the end of the day, and this is my belief, that whatever the outcome of the FTC case is, investors will not suffer much over the long term. A potential upside scenario is the possibility that the sum of the parts is worth more than the whole. You know, generally speaking, when you spin off a company, it goes up. And you could end up with even more value in META, And then there’s others that say that it would be a major blow to the company given how much Instagram contributes to Meta’s total revenue. Well, it’s 50% of their revenue in 2024 came from Instagram. And how WhatsApp is currently… WhatsApp is not as big as Instagram, obviously, but the possibility of Meta having to break off Instagram and WhatsApp is likely to weigh on the stock price performance going forward. So you have different views. I think it will all play out. I mean, at the end of the day, Meta owns those two properties. You can’t say we’re taking them from you. I mean, they will either have the choice of spinning them off on companies of their own or selling those to somebody. And I would think there would be some pretty good value there. Okay, I like this next one. LVMH, that’s Bernard Arnault. LVMH changed the rules of the company that would raise the maximum age of a chairman and CEO to 85 from 80. They don’t want to lose the guy. He’s been pretty good for the company. Maybe we need to do that here at Gunderson Capital. so I don’t have to exit the door at age 80. I want to keep on going. I like what I do. But here they’ve raised this. This guy is 80 years old and still running one of the biggest companies in the world, and they’re going to raise it to 85 and not give him his golden parachute. Tesla slims Cybertruck production targets. And they’re moving a lot of people to the Y line. And, you know, I’ve got to say that the Cybertruck, I don’t know. I don’t like the looks of it. We’ve talked about this before. I think their sales are falling on the Cybertruck. I think it seems to be more of a novelty. I’ve seen some pretty neat things. You know, I saw a black-on-black Cybertruck. It was a flat matte black. I look pretty cool. Okay. I look pretty mean coming down the street. I’ve seen some red ones. But anyways, he’s got an issue with falling sales, obviously. Backlash against Doge. But you know what he needs to take public is SpaceX. Do you see who the leading, the front runner is for Trump’s Golden Dome project? SpaceX. And I can’t imagine. I mean, look at all the satellites he’s got in space. He needs to take SpaceX public. that would be a hotter deal than uh… than nuts it doesn’t live in acts well and harder than x yeah absolutely okay and you’ve got you know uh… you’ve got over in israel you have the iron dome and we’ve seen it in action a couple of times as as as iran sent in wave after wave of cruise missiles and drones And it took them all out. Well, Trump wants to build something like that for our big cities and for America. Right now, the leading contenders in that are SpaceX, Palantir, once again, and Endural. But I would think a combination. Can you imagine a combination of SpaceX with all of their satellites up there and Palantir’s technology? That could be pretty awesome. 180 companies have expressed interest in contributing to the development and construction of the gold. I’d feel a little bit better at night with a golden dome over my head. That’s for sure. Okay, there’s a lot of nasty people out there.
SPEAKER 04 :
Can they get rid of some UV rays here and there?
SPEAKER 03 :
Yeah, what else could it do? Okay, what’s your next cruise going to be? I went on a Disney cruise several months ago down to the Bahamas, which I like the Bahamas. That’s pretty nice out there. Viking is adding another ship for their Nile River cruises.
SPEAKER 04 :
That sounds kind of interesting, really.
SPEAKER 03 :
That’s the cradle of civilization. That’s crocodiles and hippopotami and Joseph of Egypt and all that, the pyramids.
SPEAKER 04 :
I was going to say the pyramids, right?
SPEAKER 03 :
Egypt is one of the world’s most captivating destinations. You know, I’ve actually done a lot of study, watched a lot of videos and done a lot of study on Egypt and the origins of Egypt and what came from Egypt. It’s pretty interesting. I mean, if you were going to visit some place and take a tour, I think my mother might have went to Egypt. Anyways, when we come back, we’ll talk about Taiwan Semiconductor. D.R. Horton, Blackstone, and Charles Schwab. We’ll be right back. Welcome back here to the final segment of today’s Best Stocks Now show. And, of course, tomorrow is Good Friday. And the market is closed tomorrow. And I won’t be doing a newsletter. I’ll probably send out some kind of abbreviated newsletter, however. I mean, I’m addicted to the newsletter, Barry. I still do my own internal research on it. And I’ll share, but it’s not going to be the whole complete, because we’ve only had, the market’s only been open four days, and there hasn’t been that much that’s happened or changed since the last time. So anyways, we’ve got some earnings coming in, and there hasn’t been a, there won’t be a big change in earnings estimates this week, as there have not been. that many companies that have reported this week but but get ready i mean get ready because i think next week is going to be a huge week of earnings and we’ll start to get into some of those tech stocks but one of the big tech stocks has reported today here taiwan semiconductor okay so we got to check into them uh it’s up About 1%. Okay, Taiwan Semiconductor, there’s a lot going on there right now, obviously. They do most of their manufacturing in Taiwan. Taiwan currently is subject to tariffs, but I think there’s a temporary reprieve on semiconductors. But then you’ve got them building the plant here in Phoenix. It’s up and running. AMD is going to start having chips made for the first time in the US of A by Taiwan Semiconductor. And the big issue right now seems to be the highest of the high-end chips, the Blackwell chips from NVIDIA. And it sounds like they’re going to make those in the US now, which Taiwan Semiconductor refused to do. At first, and of course, they’re caught in the middle of the trade negotiations, and they’re caught in the middle of the restrictions being placed on NVIDIA of the high-end chips going to China. But they did have a decent quarter. I mean, their business is booming. Their sales were up 30% and their earnings were up 47%. That’s a terrific quarter. The stock’s trading at just, well, let’s see. It is currently trading at 15 times forward earnings. I would say that it’s definitely a candidate for the value slash relative value portfolio. And in the meantime, you’ve got Chinese warships circling the island and fighter jets buzzing the island. So I’ll tell you what, you know, it’s definitely… That’s an everyday occurrence. Oh, yeah, it’s been going on for a long time. But with these trade negotiations going on… It does up the ante, I mean. It has upped the ante, and… I don’t know. I mean, would China invade Taiwan? Musk says it’s inevitable. They believe there is no such thing as Taiwan. and they certainly uh… did it with hong kong i mean one day hong kong was no longer a kind of autonomous it was part of uh… the ccp and they see taiwan the same way and of course we see it differently so there’s another that could be with the hottest spot in the world other than uh… russia and ukraine oh and let’s not forget uh… israel and iran and the u s and iran Iran is refusing to back down from enriching uranium. And Trump has said, and Israel has said, there will be severe consequences if you don’t back down. So add that to your hotspot list. Okay, we know all about UnitedHealthcare, which had a terrible earnings report. They said that the cost of procedures and the amount of procedures went up. I mean, I thought they have all of these guys. What are these guys that do all of the calculations? They’ve got the actuaries. Actuaries who will not fly on a plane with… No, they always fly with another actuary because the chances of two actuaries going down on the same plane are… Slim to none. Yes. So anyways, if you ever want to go to a swinging Christmas party, go to the Actuarial Society of… des moines iowa that’s a good one anyways uh… they somehow were way off uh you know with their calculations on how many claims they would have i don’t know are they not fighting claims so much anymore as they’ve come under scrutiny you know they were called in i mean yeah that’s true i mean they could have been uh you know squeezing you know as much uh you know women juice out of the women as they could and then
SPEAKER 04 :
In this case, right, they’ve had to squeeze a good bit less and cut your margins real fast.
SPEAKER 03 :
I’ve done some boots on the ground checks with many people in the industry, dentists and surgeons and general practitioners, and they all tell me that they’re not a good company to deal with, that they’re very difficult to deal with. And, of course, they were caught up, you know, the murder of their, you know, the guy. Because, you know, his reasoning was supposedly they’re not allowing claims. And so, anyways, the stock is getting whacked. Today, I would not invest in United. That would not be a candidate for the value slash relative value because they have massive internal issues from my perspective, and they have had them for a long, long time. Taiwan Semiconductor, on the other hand, has a little bit different kind of issues that they’re dealing with. And, you know, their products are badly needed. And, of course, UnitedHealthcare’s products insurance is badly needed, too. But it seems to me like that’s an industry that’s out of whack right now. And I don’t know how that’s going to get solved anytime soon. Okay, now, on the other hand, we have a couple others. D.R. Horton. Oh, no, American Express. Now, that’s a good company. I’ve owned American Express in the past. Very good company, but very bad chart. And we sold American Express at $268.24 for a pretty good profit. I didn’t like the way it was trading. It went on to go up another $60 a share. I will say that. Couldn’t you value name? You never know. Now it’s back below where we sold it. So it’s at 251 right now. Would it qualify as a value stock? Yes, it would. I’m not saying I’m going to buy it, but it’s trading at 15 times forward earnings right now. That’s pretty cheap for a quality stock. like american express axp we’re out of time uh give us a call to set up an appointment 855-611-BEST get the four-week trial we’re searching for values every day and we send them to you when we find them gundersoncapital.com gundersoncapital.com have a great day everybody
SPEAKER 01 :
This show is not a solicitation to buy or sell any securities. Bill Gunderson or clients of Gunderson Capital Management may have long or short positions in stocks mentioned during the show. Past performance is not indicative of future performance. Gunderson Capital Management is a fee-based registered investment advisory firm. All accounts are held at Charles Schwab. Schwab is a member of SIPC and FINRA.
